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6ENTLEMIAN = Indus rB Information SCHOLAR o/sr/uen'MicrodisLiUingisaclose sibling tothe rnicrobrewingmovement which has been exploding across the state and the country in recent years. The field is young and growing napidky, with 400 distilleries open or opening across the country. In Minnesota, the Surly Bill (H.F. 703, 2011) really kicked off the movement. This law, in addition to the myriad of changes to microbnevving regulations, included a few small provisions which scaled the license cost of operating a distillery, allowing smaller players to get into the market. Since the passage of the Surly Bill over 20 distilleries have either opened or signaled the intention to open in the state, with the majority of them opening in the Minneapolis/St Paul metro. Current legislation allows for distilleries to produce spirits onsite and to provide 15m| samples to customers who tour the distilleries. Tours are strictly 21+. All product produced on site must be sold to a distributor who can further resell the bottles to liquor stores and bars. At this time, there can be no retail sales of spirits directly from the distiller to the public, nor can distilleries be licensed to open a cocktail room (analogous to the breweries taprooms). Merchandise such as shirts and commemorative glasses can be sold at the facility during tours. W Ina In UMWT27 Gentleman Scholar was founded in 2013. The company is comprised of Jon Bohlinger (CEO), . Jesse Griffin (CFO),and Kevin 8urka/t(CK4O).Jon and Jesse are overseeing the build -out and will be responsible for dav-to+dayoperations ofthe facility. Jon holds anMBA from the Carlson School of Management, and Jesse aJD from the Hom|ineSchool ofLaw, and the two have been friends since the 6 th grade inColumbia Heights, MN. Kevin Burkortisthe President ofThe 5tep5toneGroupand ofthe Entrepreneurs Organization and is the chief investor in the company. The company has signed a lease with the Bolger Family for 5 years for 2000 square feet at 1050 33 rd Ave SE. As part of this lease, Bolger has invested $12,000 in improvements to the space. Additionally, Gentleman Scholar has right of first refusal on space inside the building reserved for future expansion. ' - On our site we will be starting out strictly as a distiller, with our feedstock coming from contract brewer. We will be distilling using our two 26 gallon copper column stills, with room to grow as the market allows. Our product are positioned as premium, with a target on shelf price of $32-35 a bottle. We will be launching with gin and vodka, with the intention to expand our offerings in the coming months and years. Our planned expansion will have ushiring anadditional worker calendar year, and ifthe products take off, anadditional worker every 3'6months following that for the next 2 years. These jobs will range from packaging/shipping in our warehouse to a s travel the state. rcethat will APOLIS, MN,'