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Yadao: Any discussion of the motion? <br />Taniguchi: Yeah, we got this sheet, it's kind of confusing. So, on the right up it says <br />transfer the 34%, right? <br />Waltjen: So Jobe Leialoha has 17 shares, he sold it to Castly and Ikaika, 8.5 went to <br />Castly and 8.5 went to Ikaika. So now Castly and Ikaika each own 25 shares, they own <br />50 shares in the outstanding shares, and then the other shares are held by the <br />company, the Alibi Tavern, so we just tried to draw a diagram. <br />Taniguchi: So, the 17 is split, that's the 8.5 and 8.5. So, the 16.5 plus the 8.5, then? <br />Waltjen: Yes. <br />Taniguchi: Oh, okay so that's 50, and the other 50 is owned by Eggstaff? <br />Waltjen: No, Alibi Tavern does, the business entity that holds the license. <br />Taniguchi: Just the treasury stock, yeah? <br />Waltjen: Yes. <br />Taniguchi: Okay, so that's 50, so what's this Eggstaff's one, then? <br />Waltjen: So, they were the initial owners, and then they sold it, their shares to Jobe, <br />Castly, and Ikaika. And then, all three of them held it, but now Jobe is selling his. <br />Taniguchi: Okay, so he's giving his shares to these other two? <br />Waltjen: Correct. <br />Taniguchi: Okay, that's the 100. <br />Waltjen: Yes. <br />Taniguchi: Okay, thank you. <br />Yadao: If no further discussion, let's take a vote, all those in favor say "Aye." <br />The Commissioners voted "Aye." <br />Yadao: Opposed "Nay." <br />There was no opposition by Commissioners. <br />Yadao: Motion is carried. <br />MINUTES - LIQUOR COMMISSION MEETING - THURSDAY, MARCH 5, 2026 - HILO PAGE 14 OF 24 <br />