PART II AND III

US SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 1-A

REGULATION A OFFERING CIRCULAR UNDER THE SECURITIES ACT OF 1933

Hoop Street Center I Corporation

(Exact name of issuer as specified in its charter)

20715 S 184TH PLACE

QUEEN CREEK, AZ 85142

(Address, including zip code, and telephone number,

including area code of issuer’s principal executive office)

85-3101177

IRS Employer Identification Number

PART II - FINAL OFFERING CIRCULAR – FORM 1-A: TIER 2

Dated: April 6, 2021

PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933

 

HOOP STREET CENTER I CORPORATION

20715 S 184TH PLACE

QUEEN CREEK, AZ 85142

(801) 615-0880

www.hoopstreet.com

1,000,000 Shares of Preferred Stock at $50.00 per Share

Minimum Investment: 1 Share ($50.00)

Maximum Offering: $50,000,000.00

See The Offering – Page 9 and Securities Being Offered – Page 44 For Further Details

None of the Securities Offered Are Bing Sold By Present Security Holders

This Offering Will Commence Upon Qualification of this Offering by

the Security and Exchange Commission and Will Terminate 180 days from

the date of qualification by the Security And Exchange Commission,

Unless Extended or Terminated Earlier By The Issuer.

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AN OFFERING STATEMENT PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SEC. INFORMATION CONTAINED IN THIS OFFERING CIRCULAR IS SUBJECT TO AMENDMENT. THIS OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR MA THERE BE ANY SALES OF THESE SECURITIES IN ANY STATEIN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION OR QUALIFICATION UNDER THE LAWS OF ANY SUCH STATE. WE MAY ELECT TO SATISFY OUR OBLIGATION TO DELIVER A FINAL OFFERING CIRCULAR BY SENDING YOU A NOTICE WITHIN TWO (2) BUSINESS DAYS AFTER THE COMPLETION OF OUR SALE TO YOU THAT CONTAINS THE URL WHERE THE FINAL OFFERING CIRCULAR OR THE OFFERING STATEMENT IN WHICH SUCH FINAL OFFERING CIRCULAR WAS FILED MAY BE OBTAINED.

PLEASE REVIEW ALL RISK FACTORS ON PAGES PAGE 10 THROUGH PAGE 23 BEFORE MAKING AN INVESTMENT IN THIS COMPANY. AN INVESTMENT IN THIS COMPANY SHOULD ONLY BE MADE IF YOU ARE CAPABLE OF EVALUATING THE RISKS AND MERITS OF THIS INVESTMENT AND IF YOU HAVE SUFFICIENT RESOURCES TO BEAR THE ENTIRE LOSS OF YOUR INVESTMENT, SHOULD THAT OCCUR. THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SELLING LITERATURE. THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES OFFERED HEREUNDER ARE EXEMPT FROM REGISTRATION.

Because these securities are being offered on a “best efforts” basis, the following disclosures are hereby made:

	Price to Public		Proceeds to Company (1)		Proceeds to Other Persons (2)
Per Share	$	50.00	$	50.00	None
Minimum Investment	$	50.00	$	50.00	None
Maximum Offering	$	50,000,000	$	50,000,000	None

(1)

Does not reflect payment of expenses of this offering, which are estimated to not exceed $5,000,000.00 and which include, among other things, legal fees, accounting costs, reproduction expenses, due diligence, marketing, consulting, administrative services other costs of blue sky compliance, and actual out-of-pocket expenses incurred by the Company selling the Shares. This amount represents the proceeds of the offering to the Company, which will be used as set out in “USE OF PROCEEDS TO ISSUER.”

(2)

There are no finder’s fees or other fees being paid to third parties from the proceeds other than those disclosed below. See “PLAN OF DISTRIBUTION.”

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GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS, BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLD, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV.

This offering (the “Offering”) consists of Preferred Stock (the “Shares” or individually, each a “Share”) that is being offered on a “best effort” basis, which means that there is no guarantee that any minimum amount will be sold. The Shares are being offered and sold by Hoop Street Center I Corporation, an Arizona Corporation (“Hoop Street Center I Corporation” or the “Company”). There are 1,000,000 Shares being offered at a price of $50.00 per Share with a minimum purchase of one (1) Shares per investor. The Shares are being offered on a “best-effort” basis to an unlimited number of accredited investors and an unlimited number of non-accredited investors only by the Company through its website (https://www.hoopstreet.com). The maximum aggregate amount of the Shares offered is $50,000,000.00 (the “Maximum Offering”). There is no minimum number of Shares that needs to be sold in order for funds to be used by the Company in accordance with the procedure set out in “USE OF PROCEEDS TO ISSUER.”

The Shares are being offered pursuant to Regulation A to Section 3(b) of the Securities Act of 1933, as amended, for Tier 2 offering. The Shares will only be issued to purchasers who satisfy the requirements set forth in Regulation A. The offering is expected to expire on the first of (i) all of the Shares offered are sold; or (ii) the close of business 180 days from the date of qualification by the Commission, unless sooner terminated or extended by the Company’s CEO. Pending each issuance of Share, the Company shall conduct a background check for a review of Know Your Customer (KYC) procedures and Anti-Money Laundering (AML) laws to comply with the requirements set forth in Regulation A. When a purchaser does not meet such requirements, funds will be promptly refunded without interest, for sales that are not realized. All funds collected through the website (https://www.hoopstreet.com) shall be held only in a non-interest bearing bank account. Upon conducting a successful background check for the purchaser, funds will be immediately available for use in the operation of the Company’s business in a manner consistent with the “USE OF PROCEEDS TO ISSUER” in this Offering Circular.

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THIS OFFERING CIRCULAR DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS CONCERNING THE COMPANY OTHER THAN THOSE CONTAINED IN THIS OFFERING CIRCULAR, AND IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON.

PROSPECTIVE INVESTORS ARE NOT TO CONSTRUE THE CONTENTS OF THIS OFFERING CIRCULAR, OR OF ANY PRIOR OR SUBSEQUENT COMMUNICATIONS FROM THE COMPANY OR ANY OF ITS EMPLOYEES, AGENTS OR AFFILIATES AS INVESTMENT, ILLEGAL, FINANCIAL OR TAX ADVICE.

BEFORE INVESTING IN THIS OFFERING, PLEASE REVIEW ALL DOCUMENTS CAREFULLY, ASK ANY QUESTIONS OF THE COMPANY’S MANAGEMENT THAT YOU WOULD LIKE ANSWERED AND CONSULT YOUR OWN COUNSEL, ACCOUNTANT, AND OTHER PROFESSIONAL ADVISORS AS TO LEGAL, TAX, AND OTHER RELATED MATTERS CONCERNING THIS INVESTMENT.

NASAA UNIFORM LEGEND

FOR RESIDENTS OF ALL STATES: THE PRESENCE OF A LEGEND FOR ANY GIVEN STATE REFLECTS ONLY THAT A LEGEND MAY BE REQUIRED BY THAT STATE AND SHOULD NOT BE CONSTRUED TO MEAN AN OFFER OR SALE MAY BE MADE IN A PARTICULAR STATE. IF YOU ARE UNCERTAIN AS TO WHETHER OR NOT OFFERS OR SALES MAY BE LAWFULLY MADE IN ANY GIVEN STATE, YOU ARE HEREBY ADVISED TO CONTACT THE COMPANY. THE SECURITIES DESCRIBED IN THIS OFFERING CIRCULAR HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAWS (COMMONLY CALLED “BLUE SKY” LAWS).

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY CREATING THE SECURITIES AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY FOREIGN OR STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD EXCEPT IN COMPLIANCE THEREWITH. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT, AND THE APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISK OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

LEGEND UNDER RULE 251(D) AND 255 OF REGULATION A

NO SALES OF THE SECURITIES SHALL BE MADE OR COMMITMENT TO PURCHASE ACCEPTED UNTIL THE DELIVERY OF THE OFFERING CIRCULAR IS MADE TO THE INVESTOR. INVESTORS CAN DOWNLOAD THE OFFERING CIRCULAR AND INVEST IN THIS OFFERING ONLINE AT WWW.HOOPSTREET.COM/INVESTNOW. IN ADDITION, NO SALE OF SECURITIES SHALL BE MADE UNTIL THIS OFFERING CIRCULAR HAS BEEN QUALIFIED BY THE COMMISSION. ANY INDICATION OF INTEREST MADE BY A PROSPECTIVE INVESTOR INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND, AND THIS OFFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SECURITIES ACT OF 1933, AS AMENDED. NEITHER THE FEDERAL NOR THE STATE AUTHORITIES HAVE CONFIRMED THE ACCURACY OR DETERMINED NEITHER THE ADEQUACY OF THE OFFERING CIRCULAR NOR ANY OTHER DOCUMENT PRESENTED TO THE INVESTOR.

THIS OFFERING IS BEING CONDUCTED TO THE RULES FOR TIER 2 OFFERING UNDER REGULATION A. INVESTORS IN THIS OFFERING MUST EITHER BE “ACCREDITED INVESTORS” OR BE ABLE TO REPRESENT THAT THE AMOUNT INVESTED DOES NOT EXCEED 10% OF THE GREATER OF THEIR ANNUAL INCOME OR NET WORTH (FOR NATURAL PERSONS); OR ANNUAL REVENUE OR NET ASSETS (FOR NON-NATURAL PERSONS).

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NOTICE TO FOREIGN INVESTORS

IF THE PURCHASER LIVES OUTSIDE THE UNITED STATES, IT IS THE PURCHASER’S RESPONSIBILITY TO FULLY OBSERVE THE LAWS OF ANY RELEVANT TERRITORY OR JURISDICTION OUTSIDE THE UNITED STATES IN CONNECTION WITH ANY PURCHASE OF THE SECURITIES, INCLUDING OBTAINING REQUIRED GOVERNMENTAL OR OTHER CONSENTS OR OBSERVING ANY OTHER REQUIRED LEGAL OR OTHER FORMALITIES., THE COMPANY RESERVES THE RIGHT TO DENY THE PURCHASE OF THE SECURITIES BY ANY FOREIGN PURCHASER.

Forward-Looking Statement Disclosure

This Form 1-A, Offering Circular, and any documents incorporated by reference herein or therein contain forward-looking statements and are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this Form 1-A, Offering Circular, and any documents incorporated by reference are forward-looking statements. Forward-looking statements give the Company’s current reasonable expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance, and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “should,” “can have,” “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. The forward-looking statements contained in this Form 1-A, Offering Circular, and any documents incorporated by reference herein or therein are based on reasonable assumptions the Company has made in light of its industry experience, perceptions of historical trends, current conditions, expected future developments, and other factors it believes are appropriate under the circumstances. As you read and consider this Form 1-A, Offering Circular, and any documents incorporated by reference, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond the Company’s control), and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, the Company’s actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Any forward-looking statement made by the Company in this Form 1-A, Offering Circular or any documents incorporated by reference herein speaks only as of the date of this Form 1-A, Offering Circular or any documents incorporated by reference herein. Factors or events that could cause our actual operating and financial performance to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as may be required by law.

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About This Form 1-A and Offering Circular

In making an investment decision, you should rely only on the information contained in this Form 1-A and Offering Circular. The Company has not authorized anyone to provide you with information different from that contained in this Form 1-A and Offering Circular. We are offering to sell and seeking offers to buy the Shares only in jurisdictions where offers and sales are permitted. You should assume that the information contained in this Form 1-A and Offering Circular is accurate only as of the date of this Form 1-A and Offering Circular, regardless of the time of delivery of this Form 1-A and Offering Circular. Our business, financial condition, results of operations, and prospects may have changed since that date. Statements contained herein as to the content of any agreements or other documents are summaries and, therefore, are necessarily selective and incomplete and are qualified in their entirety by the actual agreements or other documents. The Company will provide the opportunity to ask questions of and receive answers from the Company’s management concerning terms and conditions of the Offering, the Company, or any other relevant matters and any additional reasonable information to any prospective investor prior to the consummation of the sale of the Shares. This Form 1-A and Offering Circular do not purport to contain all of the information that may be required to evaluate the Offering, and any recipient hereof should conduct its own independent analysis. The statements of the Company contained herein are based on information believed to be reliable. No warranty can be made as to the accuracy of such information or that circumstances have not changed since the date of this Form 1-A and Offering Circular. The Company does not expect to update or otherwise revise this Form 1-A, Offering Circular, or other materials supplied herewith. The delivery of this Form 1-A and Offering Circular at any time does not imply that the information contained herein is correct as of any time subsequent to the date of this Form 1-A and Offering Circular. This Form 1-A and Offering Circular are submitted in connection with the Offering described herein and may not be reproduced or used for any other purpose.

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TABLE OF CONTENTS

OFFERING SUMMARY, PERKS, AND RISK FACTORS	9
OFFERING SUMMARY	9
The Offering	9
Investment Analysis	9
RISK FACTORS	10
DILUTION	24
PLAN OF DISTRIBUTION	24
Process of Subscribing	25
MARKETING AND PROMOTION	26
USE OF PROCEEDS TO ISSUER	26
USE OF PROCEEDS	27
DESCRIPTION OF THE BUSINESS	27
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	36
Overview	36
Results of Operations	37
Plan of Operation	38
Liquidity and Capital Resources	39
Indebtedness	39
Relaxed Ongoing Reporting Requirements	39
DIRECTORS, EXECUTIVES, OFFICERS, AND SIGNIFICANT EMPLOYEES	40
COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS	41
SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS	43
INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS	44
SECURITIES BEING OFFERED	44
INVESTORS ELIGIBILITY STANDARDS	45
Financial Statements – Part F/S	46
SIGNATURES	48
ACKNOWLEDGEMENT ADOPTING TYPED SIGNATURES	49

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OFFERING SUMMARY, AND RISK FACTORS

OFFERING SUMMARY

The following summary is qualified in its entirety by the more detailed information appearing elsewhere in the Offering Circular and/or incorporated by reference in this Offering Circular. For full offering details, please (1) thoroughly review this Form 1-A with the Securities and Exchange Commission (2) thoroughly review this Offering Circular, and (3) thoroughly review any attached document to our documents referenced in this Form 1-A and Offering Circular.

We expect to commence the Offering on the date on which the Offering Statement of which this Offering Circular is a part (this “Offering Circular”) is qualified by the SEC.

Type of Stock Offering:	Preferred Stock
Price Per Share:	$50.00
Minimum Investment:	$50.00 per investor (1 Share of Preferred Stock)
Maximum Offering:	$50,000,000 The Company will not accept investments greater than the Maximum Offering Amount.
Maximum Shares Offered:	1,000,0000 Shares of Preferred Stock
Use of Proceeds:	See the description in the section entitled “USE OF PROCEEDS TO ISSUE” on page 26 herein.
Voting Rights:	The Shares do not have any voting rights.
Length of Offering:	Shares will be offered on a continuous basis until either (1) the maximum number of Share are sold; (2) 180 days from the date of qualification by the Commission, (3) if Company in its sole discretion extends the offering beyond 180 days from the date of qualification by the Commission, or (4) the Company in its sole discretion withdraws this Offering.

The Offering

Common Stock Outstanding (1) (2)	3,000,000 Shares
Preferred Stock in this Offering	1,000,000 Shares
Stock to be outstanding after the offering (3)	4,000,000 Shares

(1)	All shares of Common Stock are held by the Hoop Street, LLC, which are owned and operated by its members.
(2)	There are only two classes of stock in the Company at present – Common Stock and Preferred Stock.
(3)	The total number of Shares of Preferred Stock assumes that the maximum number of Shares is sold in this offering.

Investment Analysis

1.	The Company believes that is has a strong economic prospect by virtue of the following dynamics of the industry:
2.	Founders believe that the trends for growth in the basketball entertainment industry in the Southwestern Sector of the United States are favorable.
3.	Basketball entrainment center is a new and unique concept that has not been introduced in the U.S. The basketball entertainment center combines great social sport with fine finning and a sports bar.
4.	Founders believe that the basketball entertainment center is an unserved industry, and launching such a unique venture will create many opportunities in the State of Arizona.

Despite Founder’s beliefs, there is no assurance that Hoop Street Center I Corporation, will be profitable, or that management’s opinion of the industry’s favorable dynamics will not be outweighed in the future by unanticipated losses, adverse regulatory developments, and other risks. Investors should carefully consider the various risk factors below before investing in the Shares.

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RISK FACTORS

The purchase of the Company’s Preferred Stock involves substantial risks. You should carefully consider the following risk factors in addition to any other risks associated with this investment. The Shares offered by the Company constitute a highly speculative investment, and you should be in an economic position to lose your entire investment. The risks listed do not necessarily comprise all those associated with an investment in the Shares and are not set out in any particular order of priority. Additional risks and uncertainties may also have an adverse effect on the Company’s business and your investment in the Shares. An investment in the Company may not be suitable for all recipients of this Offering Circular. You are advised to consult an independent professional adviser or attorney who specializes in investments of this kind before making any decision to invest. You should consider carefully whether an investment in the Company is suitable in light of your personal circumstances and the financial resources available to you.

The discussions and information in this Offering Circular may contain both historical and forward-looking statements. To the extent that the Offering Circular contains forward-looking statements regarding the financial condition, operating results, business prospects, or any other aspect of the Company’s business, please be advised that the Company’s actual financial condition, operating results, and business performance may differ materially from that projected or estimated by the Company in forward-looking statements. The Company has attempted to identify, in context, certain of the factors it currently believes may cause actual future experience and results may differ from the Company’s current expectations. Before investing, you should carefully read and carefully consider the following risk factors:

Risk Relating to the Company and Its Business

This is a very young company.

The Company is a start-up with no operating history, and there can be no assurance that the Company’s proposed plan of business can be realized in the manner contemplated and, if it cannot be, shareholders may lose all or a substantial part of their investment. There is no history upon which an evaluation of its past performance and future prospects in the hospitality and entertainment industry can be made. Statistically, most start-up companies fail.

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The Company’s affiliated entities have no prior performance record.

Just as the Company is a new entrant in the market, its affiliate, and other subsidiaries owned by the Company do not have a track record of involvement in hospitality and entertainment that investors my assess. Even if an affiliate of the Company did have such prior experience, that experience would not be indicative of its future performance.

The success of the Company’s business is dependent on purchasing large parcels of land at favorable prices.

The Company is a capital-intensive operation and required the purchase of large parcels of land prior to construction. As of the date of this Offering Circular, the Company has not purchased land for the first facility. Further, the Company does not know whether it will be able to obtain purchase terms that are favorable. Finally, if this Offering does not raise enough capital to purchase the land and begin construction, the Company will need to procure external financing for the purchase of the land and/or construction of the facility.

Success in the hospitality and entertainment industry is highly unpredictable, and there is no guarantee that the Company’s content will be successful in the market.

The Company’s success will depend on the popularity of its hospitality and entertainment facilities, Consumer, tastes, trends, and preferences frequently change and are notoriously difficult to predict. If the company fails to anticipate further consumer preferences in the hospitality and entertainment business, it’s business and financial performance will likely suffer. Hospitality and entertainment are fiercely competitive. The Company may not be able to develop facilities that will become profitable. The Company may also invest in facilities that end up losing money. Even if one of its facilities is successful, the Company may lose money in others.

The Company may not be able to attract and retain individuals interested in annual membership at its facilities and attract drop-in/daily memberships, which could harm its business, financial conditions, and results of operations.

The Company’s success depends on its ability to:

● Attract individuals interested in paying for annual memberships,

● Attract individuals interested in paying for daily memberships,

● Attract consistent suite rentals,

● Provide dining and leisure experiences that members are interested in paying for,

● Maintain or increase revenues generated from corporate events,

● Maintain or increase revenues generated from food and beverage sales, and

● Maintain or increase revenues generated from retail sales.

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Changes in consumer financial conditions, leisure testes, and preferences, particularly those affecting the popularity of basketball and other social and demographic trends, could adversely affect its business. Significant periods where attrition rates exceed enrolment rates or where facilities usage is below historical levels would have a material adverse effect on its business, result of operations and financial conditions. If the Company cannot attract new members, retain its existing members, its financial conditions and results of operations could be harmed.

The Company operates in a highly competitive market.

The Company’s facilities will compete on a local and regional level with restaurants and other business, dining, and social clubs. The number and variety of competitors in this business will vary based on the location and setting of each facility. Some facilities may be situated in intensely competitive upscale urban areas characterized by frequent innovations in the products and services offered by competing restaurants and other business, dining, and social clubs. In addition, in most regions, the competitive landscape in the constant flux as new restaurants other social and meeting venues open or expand their amenities. As a result of these characteristics, the supply in a given region may exceed the demand for such facilities, and an increase in the number of quality of restaurants and other social and meeting venues, or the products and services they provide, in such region could significantly impact the ability of the Company’s properties to attract and retain members, which could harm their business and results of operations.

Competition in the “alternative venues for recreational pursuits” industry could have a material adverse effect on the company’s business and results of operations.

The Company facilities compete on a local and regional level with alternative venues for recreational pursuits. The Company’s results of operations could be affected by the availability of and demand for alternative venues for recreational pursuits, such as multi-use sports and athletic centers. In addition, member-owned and individual privately-owned clubs may be able to create a perception of exclusivity that the company has difficulty replicating. To the extent these alternatives succeed in diverting actual or prospective members away from the company’s facilities or affects its membership rates, the company’s business and results of operations could be harmed.

Customer complaints or litigation on behalf of our customers or employees may adversely affect our business, results of operations, or financial condition.

The Company’s business may be adversely affected by legal or governmental proceedings brought by or on behalf of their customers or employees. Regardless of whether any claims against the company are valid or whether they are liable, claims may be expensive to defend and may divert time and money away from operations and hurt our financial performance. A judgment significantly in excess of their insurance coverage or not covered by insurance could have a material adverse effect on the company’s business, results of operations, or financial condition. Also, adverse publicity resulting from these allegations may materially affect the company.

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The Company’s insurance coverage may not be adequate to cover all possible losses that it could suffer, and its insurance costs may increase.

The Company has not yet acquired insurance. It may not be able to acquire insurance policies that cover all types of losses and liabilities. Additionally, once the Company acquires insurance, there can be no assurance that its insurance will be sufficient to cover the full extent of all of its losses or liabilities for which it is insured. Further, insurance policies expire annually, and the Company cannot guarantee that it will be able to renew insurance policies on favorable terms, or at all. In addition, if it, or other leisure facilities, sustain significant losses or make significant insurance claims, then its ability to obtain future insurance coverage at commercially reasonable rates could be materially adversely affected. If the Company’s insurance coverage is not adequate, or it becomes subject to damages that cannot by law be insured against, such as punitive damages or certain intentional misconduct by their employees, this could adversely affect the Company’s financial condition or results of operations.

The Company may not be able to operate its facilities, or obtain and maintain licenses and permits necessary for such operation, in compliance with laws, regulations, and other requirements, which could adversely affect its business, results of operations, or financial condition.

Each facility is subject to licensing and regulation by alcoholic beverage control, amusement, health, sanitation, safety, building code, and fire agencies in the state, county and/or municipality in which the facility is located.

Each facility is required to obtain a license to sell alcoholic beverages on the premises from a state authority and, in certain locations, county and municipal authorities. Typically, licenses must be renewed annually and may be revoked or suspended for cause at any time. In some states, the loss of a license for a cause with respect to one facility may lead to the loss of licenses at all facilities in that state and could make it more difficult to obtain additional licenses in that state. Alcoholic beverage control regulations relate to numerous aspects of the daily operations of each facility, including minimum age of patrons and employees, hours of operation, advertising, wholesale purchasing, inventory control, and handling and storage and dispensing of alcoholic beverages. The failure to receive or retain a liquor license or any other required permit or license, in a particular location, or to continue to qualify for, or renew licenses, could have a material adverse effect on operations and the company’s ability to obtain such a license or permit in other locations.

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The Company may be subject to “dram shop” statutes in states where its facilities may be located. These statutes generally provide a person injured by an intoxicated person the right to recover damages from an establishment that wrongfully served alcoholic beverages to the intoxicated individual. Recent litigation against restaurant chains has resulted in significant judgments and settlements under dramshop statutes. Because these cases often seek punitive damages, which may not be covered by insurance, such litigation could have an adverse impact on the Company’s business, results of operations, or financial condition.

As a result of operating certain entertainment games and attractions, including skill-based games that offer redemption prizes, the Company is subject to amusement licensing and regulation by the states, counties, and municipalities in which its facilities are to be located. These laws and regulations can vary significantly by state, county, and municipality and, in some jurisdictions, may require the company to modify their business operations or alter the mix of redemption games and simulators that they offer.

Moreover, as more states and local communities implement legalized gambling, the laws and corresponding enabling regulations may also be applicable to the Company’s redemption games, and regulators may create new licensing requirements, taxes or fees, or restrictions on the various types of redemption games the company offers. Furthermore, other states, counties, and municipalities may make changes to existing laws to further regulate legalized gaming and illegal gambling. Adoption of these laws, or adverse interpretation of existing laws, could cause the company to modify its plans for its facilities, and if the Company creates facilities in these jurisdictions, it may be required to alter the mix of games, modify certain games, limit the number of tickets that may be won by a customer from a redemption game, change the mix of prizes that the Company may offer or terminate the use of specific games, any of which could adversely affect the Company’s operations. If the Company fails to comply with such laws and regulations, the Company may be subject to various sanctions and/or penalties and fines or may be required to cease operations until it achieves compliance, which could have an adverse effect on the Company’s business and financial results.

The illiquidity of real estate may make it difficult for the Company to dispose of one or more of our properties or negatively affect its ability to profitably sell such properties and access liquidity.

The Company may, from time to time, decide to dispose of one or more of its real estate assets. Because real estate holdings generally are relatively illiquid, the company may not be able to dispose of one or more real estate assets on a timely basis. In some circumstances, sales may result in investment losses, which could adversely affect the company’s financial condition. The illiquidity of its real estate assets could mean that it continues to operate a facility that management has identified for disposition. Failure to dispose of a real estate asset in a timely fashion, or at all, could adversely affect the company’s business, financial condition, and results of operations.

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The Company’s development and growth strategy depends on its ability to fund, develop, and open new entertainment venues and operate them profitably.

A key element of the Company’s growth strategy is to develop and open basketball entertainment venues. The Company has identified a number of locations for potential future entertainment basketball venues and is still in the process of identifying and analyzing potential locations. The Company’s ability to fund, develop and open these venues on a timely and cost-effective basis, or at all, is dependent on a number of factors, many of which are beyond its control, including but not limited to our ability to:

● Find quality locations.

● Reach acceptable agreements regarding the lease or purchase of locations, and comply with our commitments under our lease agreements during the development and construction phases.

● Comply with applicable zoning, licensing, land use, and environmental regulations.

● Raise or have available an adequate amount of cash or currently available financing and mortgage terms for construction and opening costs.

● Adequately complete construction for operations.

● Timely hire, train, and retain the skilled management and other employees necessary to meet staffing needs.

● Obtain, for an acceptable cost, required permits and approvals, including liquor licenses; and

● Efficiently manage the amount of time and money used to build and open each new venue.

If the Company succeeds in opening entertainment basketball facilities on a timely and cost-effective basis, the company may nonetheless be unable to attract enough customers to these new venues because potential customers may be unfamiliar with its venue or concept, entertainment and menu options might not appeal to them, and the company may face competition from other food and leisure venues.

The Company’s development and construction of the first facility depends on its ability to obtain favorable mortgage financing.

The Company intends to secure mortgage financing to fund up to 80% of its first facility and plans to use this debt financing to develop and construct subsequent facilities. There is no guarantee that the company will be able to obtain financing on favorable terms. In the event that the Company is unable to obtain such financing, it may limit the Company’s ability to effectuate its plans and will increase the costs and expenses of the company, thereby negatively impacting its financial prospects.

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The Company depends on a small management team and may need to hire more people to be successful.

The success of the Company is dependent upon management in order to conduct its operations and execute its business plan; however, the Company relies on the skills, connections, and experiences of the executives and key personnel. The Company has not entered into employment agreements with the executives and key personnel. There is no guarantee that the executives and key personnel will agree to terms and execute employment agreements that are favorable to the Company. If any of the executives and key personnel discontinue working for the Company. Further, there is no assurance that the Company will be able to identify, hire, and retain the right people for the various key positions.

Key Man Risk.

The Company’s founders and key personnel are serial entrepreneurs. It is likely that some, if not all, of the founders and key personnel may exit the business within the next three years. In the event one or more of the founders and/or key personnel exit the business, the Company may experience the following:

● Financial loss;

● A disruption to the Company’s future projects;

● Damage to the brand; and

● Potentially supporting a competitor.

The Company will require a general manager, who has not yet been hired.

There is no way to be certain that the general manager of the Company, once appointed, will be able to execute the same vision. If an appropriate person is not identified and hired, the Company will not succeed, and since its performance will depend on that person’s performance, it is possible that other subsidiaries will be more successful than the Company.

The Company has engaged in certain transactions with Related Persons.

Please see the section of this Offering Circular entitled “Interest of Management and Others in Certain Related-Party Transactions and Agreements.”

Changes in Employment Laws or Regulation could harm the Company’s performance.

Various federal and state labor laws govern the Company’s relationship with our employees and affect operating costs. These laws may include minimum wage requirements, overtime pay, healthcare reform, and the implementation of various federal and state healthcare laws, unemployment tax rates, workers’ compensation rates, citizenship requirements, union membership, and sales taxes. A number of factors could adversely affect our operating results, including additional government-imposed increases in minimum wages, overtime pay, paid leaves of absence and mandated health benefits, mandated training for employees, changing regulations from the National Labor Relations Board, and increased employee litigation, including claims relating to the Fair Labor Standards Act.

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The Company’s bank accounts will not be fully insured.

The Company’s regular bank accounts for this Offering each have federal insurance that is limited to a certain amount of coverage. It is anticipated that the account balances in each account may exceed those limits at times. In the event that any of the Company’s banks should fail, the Company may not be able to recover all amounts deposited in these bank accounts.

If we are unable to protect our intellectual property effectively, we may not be able to operate our business, which would impair our ability to compete.

The names and/or logos of Company brands (whether owned by the Company or licensed to us) may be challenged by holders of trademarks who file opposition notices or otherwise contest trademark applications by the Company for its brands.

Similarly, domains owned and used by the Company may be challenged by others who contest the ability of the Company to use the domain name or URL. Such challenges could have a material adverse effect on the Company’s consolidated financial results as well as your investment.

Computer, website, or information system breakdown could affect the Company’s business.

Computer, website and/or information system breakdowns as well as cybersecurity attacks could impair the Company’s ability to service its customers, leading to reduced revenue from sales and/or reputational damage, which could have a material adverse effect on the Company’s consolidated financial results as well as your investment.

A data security breach could expose the Company to liability and protracted and costly Litigation, and could adversely affect the Company’s reputation and operating revenues.

To the extent that the Company’s activities involve the storage and transmission of confidential information, the Company and/or third-party processors will receive, transmit, and store confidential customer and other information. Encryption software and the other technologies used to provide security for storage, processing, and transmission of confidential customer and other information may not be effective to protect against data security breaches by third parties. The risk of unauthorized circumvention of such security measures has been heightened by advances in computer capabilities and the increasing sophistication of hackers. Improper access to the Company’s or these third parties’ systems or databases could result in the theft, publication, deletion, or modification of confidential customer and other information. A data security breach of the systems on which sensitive account information is stored could lead to fraudulent activity involving the Company’s products and services, reputational damage, and claims or regulatory actions against us. If the Company issued in connection with any data security breach, the Company could be involved in protracted and costly litigation. If unsuccessful in defending that litigation, the Company might be forced to pay damages and/or change the Company’s business practices or pricing structure, any of which could have a material adverse effect on the Company’s operating revenues and profitability. The Company would also likely have to pay fines, penalties and/or other assessments imposed as a result of any data security breach.

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Limitation on director liability.

The Company may provide for the indemnification of directors to the fullest extent permitted by law and, to the extent permitted by such law, eliminate or limit the personal liability of directors to the Company and its shareholders for monetary damages for certain breaches of fiduciary duty. Such indemnification may be available for liabilities arising in connection with this Offering. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, or persons controlling the Company pursuant to the foregoing provisions, the Company has been informed that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Risk Relating to this Offering and Investment

The payment of accrued dividends is paid out of the Company’s reserved funds for the foreseeable future.

As soon as the Company receives proceeds from this Offering, and it is legally permissible, the Company intends to pay dividends to investors. The dividend will initially be paid to investors out of the Company’s reserved funds, as opposed to its revenues. Payment of the dividends and the establishment of the reserve fund will reduce the capital the Company has to develop and begin operations in its basketball entertainment facility. These reserved funds will be held in a segregated bank account maintained at a financial intuition mutually decided by the Board of Directors. Some of the reserved funds in the dividend reserve account will be the proceeds from this Offering. (See “USE OF PROCEEDS TO ISSUER”). It is not certain when, if at all, the company will be able to make dividends payments to investors out of the company’s revenues.

Distributions will only be made if permitted under Arizona law, which is subject to change, and in the sole discretion of the Board of Directors.

Dividends may be paid out of “surplus” even in the absence of profits. Under section 154, “surplus” may be defined by the Board of Directors, in their sole discretion, but generally may not be less than the par value of the shares issued. Accordingly, most of the proceeds of this Offering may be considered surplus. However, Arizona law is subject to change, and the company cannot guarantee that dividend payments will always be permitted under Arizona Law.

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The tax treatment of dividends may vary, and distributions to shareholders may be taxed as capital gains.

The distributions made pursuant to the Preferred Stock dividend provisions will be taxable as dividends to shareholders only to the extent of current and accumulated earnings and profits. To the extent the Company does not have current and accumulated earnings and profits, the distributions will be treated as a non-taxable return of capital to the extent of the shareholder’s adjusted basis. If distributions still exceed the amount of adjusted basis, such excess would be considered as capital gains income to the shareholder, who will generally be subject to federal (and possibly state) income tax on such gains at a rate that depends upon the shareholder’s holding period with respect to the shares in question, among other factors. Since the tax treatment of any distributions may vary according to the financial performance of the Company, as well as the particular circumstances of the investor, investors should consult their own tax advisers and should further not assume that the distributions will be subject to the same tax treatment from year to year.

The company is responsible for certain administrative burdens relating to taxation.

Federal Law requires that the Company report annually all distributions to shareholders on Form 1099-DIV. The Company is responsible for ensuring that the extent to which such distributions constitute a distribution of earnings and profits is correctly identified on form 1099-DIV. This reporting requirement adds to the administrative burdens of the Company.

The Offering price has been arbitrarily set by the Company.

The offering price of the Shares has been arbitrarily established by the Company based upon its present and anticipated financial needs and bears no relationship to the Company’s present financial condition, asset, book value projected earnings, or any other generally accepted valuation criteria. The offering price of Share may not be indicative of the value of the Shares or the Company, now or in the future.

Investors in this Offering may not be entitled to a jury trial with respect to claims arising under the subscription agreement and claims where the forum selection provision is applicable, which could result in less favorable outcomes to the plaintiff(s) in any such action.

Investors in this Offering will be bound by the Subscription Agreement, which includes a provision under which investors waive the right to a jury trial of any claim they may have against the Company arising out of or relating to the Subscription Agreement, including any claim under the federal securities laws. Further, the Court of Chancery in Arizona is a non-jury trial court, and therefore, those claims will not be adjudicated by a jury.

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If the Company opposed a jury trial demand based on the waiver, a court would determine whether the waiver was enforceable based on the facts and circumstances of that case in accordance with the applicable state and federal law. To the Company’s knowledge, the enforceability of a contractual pre-dispute jury trial waiver in connection with claims arising under the federal securities laws has not been finally adjudicated by a federal court. However, the Company believes that a contractual pre-dispute jury trial waiver provision is generally enforceable, including under the laws of the State of Arizona, which governs the Subscription Agreement, in the Court of Chancery in the State of Arizona. In determining whether to enforce a contractual pre-dispute jury trial waiver provision, courts will generally consider whether the visibility of the jury trial waiver provision within the agreement is sufficiently prominent such that a party knowingly, intelligently, and voluntarily waived the right to a jury trial. The Company believes that this is the case with respect to the subscription agreement. Investors should consult legal counsel regarding the jury waiver provision before entering into the subscription agreement.

If an investor brings a claim against the Company in connection with matters arising under the Subscription Agreement, including claims under federal securities laws, an investor may not be entitled to a jury trial with respect to those claims, which may have the effect of limiting and discouraging lawsuits against the company. If a lawsuit is brought against the Company under the Subscription Agreement, it may be heard only by a judge or justice of the applicable trial court, which would be conducted according to different civil procedures and may result in different outcomes than a trial by jury would have had, including results that could be less favorable to the plaintiff(s) in such an action.

Nevertheless, if this jury trial waiver provision is not permitted by applicable law, an action could proceed under the terms of the subscription agreement with a jury trial. No condition, stipulation, or provision of the Subscription Agreement serves as a waiver by any holder of common shares or by us of compliance with any substantive provision of the federal securities laws and the rules and regulations promulgated under those laws.

In addition, when the shares are transferred, the transferee is required to agree to all the same conditions, obligations, and restrictions applicable to the shares or to the transferor with regard to ownership of the shares that were in effect immediately prior to the transfer of the shares of Preferred Stock, including but not limited to the Subscription Agreement.

There is no current market for the Company’s shares.

There is no formal marketplace for the resale of our securities. Shares of the Company’s may eventually be traded to the extent any demand and/or trading platform(s) exists. However, there is no guarantee there will be demand for the shares or a trading platform that allows you to sell them. The Company does not have plans to apply for or otherwise seek trading or quotation of its Preferred Stock on an over-the-counter market. It is also hard to predict if the company will ever be acquired by a bigger company. Investors should assume that they may not be able to liquidate their investment or pledge their shares as collateral for some time.

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The Company has made assumptions in its projections and in forward-looking statements that may not be accurate.

The discussions and information in this Offering Circular may contain both historical and “forward-looking statements,” which can be identified by the use of forward-looking terminology including the terms “believes,” “anticipates,” “continues,” “expects,” “intends,” “may,” “will,” “would,” “should,” or, in each case, their negative or other variations or comparable terminology. You should not place undue reliance on forward-looking statements. These forward-looking statements include matters that are not historical facts. Forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements contained in this Offering Circular, based on past trends or activities, should not be taken as a representation that such trends or activities will continue in the future. To the extent that the Offering Circular contains forward-looking statements regarding the financial condition, operating results, business prospects, or any other aspect of the Company’s business, please be advised that the Company’s actual financial condition, operating results, and business performance may differ materially from that projected or estimated by the Company. The Company has attempted to identify, in context, certain of the factors it currently believes may cause actual future experience and results to differ from its current expectations. The differences may be caused by a variety of factors, including but not limited to adverse economic conditions, lack of market acceptance, reduction of consumer demand, unexpected costs and operating deficits, lower sales and revenues than forecast, default on leases or other indebtedness, loss of suppliers, loss of supply, loss of distribution and service contracts, price increases for capital, supplies and materials, inadequate capital, inability to raise capital or financing, failure to obtain customers, loss of customers and failure to obtain new customers, the risk of litigation and administrative proceedings involving the Company or its employees, loss of government licenses and permits or failure to obtain them, higher than anticipated labor costs, the possible acquisition of new businesses or products that result in operating losses or that do not perform as anticipated, resulting in unanticipated losses, the possible fluctuation and volatility of the Company’s operating results and financial condition, adverse publicity and news coverage, inability to carry out marketing and sales plans, loss of key executives, changes in interest rates, inflationary factors, and other specific risks that may be referred to in this Offering Circular or in other reports issued by us or by third-party publishers.

Risks Related to Certain Conflicts of Interest

There are conflicts of interest between the Company, its management, and its affiliates.

Hoop Street, LLC is the parent company of Hoop Street Center I Corporation, and currently holds all of the issued Common Stock of the Hoop Street Center I Corporation, and owns other Operating Subsidiaries; therefore, it is likely that conflicts of interest will arise between the affiliates.

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The Company may witness conflicts of interest due to the shared:

● Use of time,

● Use of human capital, and

● Competition regarding the acquisition of properties and other assets.

The interests of Company, its subsidiaries, and other affiliates may conflict with shareholder’s interests.

The Company’s Certificate of Incorporation, Bylaws, and Arizona Law provide company management with broad powers and authority, which may result in one or more conflicts of interest between the shareholder’s interest and those of the executives, officers, and directors of the Company its Subsidiaries and affiliates. Potential conflicts include, but are not limited to:

● The Company, its subsidiaries, and its affiliates will not be required to disgorge any profits or fees or other compensation they may receive from any other business they own separate from the Company, and the shareholder will not be entitled to receive or share in any of the profits, return, fees or compensation from any other business owned and operated by the majority shareholders, executives and directors and their affiliates for their own benefit.

● The Company may engage its Subsidiaries and other affiliated companies to perform services, and determination for the terms of those services will not be conducted at arms’ length negotiation; and

● The Company’s executives, officers, and directors are not required to devote all of their time and efforts to the affairs of the Company.

There are conflicts of interest between the company and some of the members of the Board of Directors.

Ernest Hemple, the CEO of the Company, is also a member of the Board of Directors. It is likely that conflicts of interest may arise between the Company and the board member. Such conflicts of interest may include, but are not limited to, the following:

● Determining whether something is in the best interest of the company or the online platform on which the company is listing the Preferred Stock.

● Whether to keep the Offering open or to close it.

● Use of time.

● Payment to the online platform.

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The Company and Hoop Street, LLC, intend to share some services.

The Company and Hoop Street, LLC will share the following services:

● Intellectual Property which includes any and all intellectual property or proprietary rights under any jurisdiction, including without limitation: (a) the marks; (b) inventions, discoveries and ideas, whether patentable or not, and all patents, patent disclosures, patent registrations, and applications thereof; (c) published and unpublished works of authorship, whether copyrightable or not (including without limitation databases and other compilations of information), copyrights and copyrightable works, registrations and applications thereof, and rights in data and databases; (c) trade secrets, know-how, and other confidential information; (d) all moral rights in the foregoing (that is, the right to claim authorship of or object to the modification of any work); and (e) all other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals, extensions, restorations, and reinstatements of, such rights, and all similar or equivalent rights or forms of protection provided by applicable law in any jurisdiction throughout the world.

● Licensing for the use of the name and brand identity, internal transactions incorporating products and services, fee sharing, cost allocations, and financing activities can create inefficiency, financial exposures, and reporting risk. This arrangement could result in potential actual or perceived conflicts of interest.

IN ADDITION TO THE RISKS LISTED ABOVE, BUSINESSES ARE OFTEN SUBJECT TO RISKS NOT FORESEEN OR FULLY APPRECIATED BY THE MANAGEMENT. IT IS NOT POSSIBLE TO FORESEE ALL RISKS THAT MAY AFFECT THE COMPANY. MOREOVER, THE COMPANY CANNOT PREDICT WHETHER THE COMPANY WILL SUCCESSFULLY EFFECTUATE THE COMPANY’S CURRENT BUSINESS PLAN. EACH PROSPECTIVE PURCHASER IS ENCOURAGED TO CAREFULLY ANALYZE THE RISKS AND MERITS OF AN INVESTMENT IN THE SECURITIES AND SHOULD TAKE INTO CONSIDERATION WHEN MAKING SUCH ANALYSIS, AMONG OTHER FACTORS, THE RISK FACTORS DISCUSSED ABOVE.

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DILUTION

The term “dilution” refers to the reduction (as a percentage of the aggregate Common Stock outstanding that occurs for any given share of stock when additional shares are issued. If all of the Shares in this offering are fully subscribed and sold, the Preferred Stock offered herein will constitute approximately 25% of the total Shares of the Company outstanding on a fully diluted basis. The following chart shows the dilution that would occur if the Company sells 10%, 25%, 50% and the full amount of the offering. However, the Company anticipates that subsequent to this offering we may require additional capital and such capital may take the form of Common Stock, preferred stock or securities or debt convertible into stock. Such future fund raising will further dilute your percentage ownership of the Preferred stock sold herein.

	10% of Offering			25 % of Offering			50% of Offering			Maximum Offering
Assumed offering price per share	$	50		$	50		$	50		$	50
Net tangible book value per share as of December 31, 2020		-			-			-			-
Increase in net tangible book value per share attributable to new investors	$	1.12		$	2.63		$	4.9		$	9
Dilution per share to new investors in the offering	$	1.12		$	2.63		$	4.9		$	9
		10	%		25	%		50	%		100	%
Number of Shares Sold		100,000			250,000			500,000			1,000,000
Offering Price	$	50		$	50		$	50		$	50
Gross Proceeds	$	5,000,000		$	12,500,000		$	25,000,000		$	50,000,000
Offering Expenses		(500,000	)		(1,250,000	)		(2,500,000	)		(5,000,000	)
Net Proceeds	$	4,500,000		$	11,250,000		$	22,500,000		$	45,000,000
Shares outstanding		3,100,000			3,250,000			3,500,000			4,000,000
Investors ownership percentage		3.23	%		7.69	%		14.29	%		25.00	%
New Net Tangible Value		4,500,000			11,250,000			22,500,000			45,000,000

PLAN OF DISTRIBUTION

We are offering a Maximum Offering of up to $50,000,000 in Shares of our Preferred Stock. The offering is being conducted on a “best effort” basis with a minimum investment of 1 Preferred Shares ($50) per investor.

We intend to market the Shares through online and offline means. Online marketing may take the form of contacting potential investors through electronic media and posting our Offering Circular or “testing the waters” materials on our website.

We will initially use our existing website (https://www.hoopstreet.com) to provide notification of the Offering. Persons who desire information will be furnished with this Final Offering Circular via download 24 hours per day, 7 days per week on the above-referenced website.

You will be required to complete a subscription agreement in order to invest. The subscription agreement includes a representation to the effect that, if you are not an “accredited investor” as defined under securities law, you are investing an amount that does not exceed the greater of 10% of your annual income or 10% of your net worth, as described in the subscription agreement.

The Company has built custom software technology for the above-referenced website to perform the following administrative and technology-related functions in connection with this offering:

1.	Accept investor data through the Company’s highly secure website referenced above.
2.	Review and process information from potential investors, including but not limited to running reasonable background checks for anti-money laundering (“AML”), IRS tax fraud identification, and USA PATRIOT Act purposes, and gather and review responses to customer identification information.
3.	Review subscription agreements received from prospective investors to confirm they are complete;
4.	Reject inconsistent, incorrect, or otherwise flagged (e.g., for underage or AML reasons) subscriptions;
5.	Company will maintain data in the form of book-entry data for managing investors (investor relationships management “IRM”) and record keeping;
6.	Keep investors details and data confidential and not disclose to any third party except as required by regulators or by law (e.g., as needed for AML); and
7.	Comply with any required FINRA filings, including filings required under Rule 5110 for the offering.

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In addition, the Company intends to engage Stripe, Inc., as one of the payment processors for processing credit cards, debit cards, and other bankcards from investors. The Company may engage other payment processors to perform similar functions from time to time.

Process of Subscribing

1.	Go to https://www.hoopstreet.com, click on the “Invest Now” button;
2.	Download this Offering Circular;
3.	Complete the online investment form along with the Subscription Agreement;
4.	Transfer funds by check, wire, credit card or debit cards or ACH transfer directly to the Company’s bank account;
5.	Once background checks for Anti-Money Laundering (“AML”) and Know Your Customer (“KYC”) are completed by the Company, and the Subscription Agreement is duly executed, the respective Shares of the Company shall be issued to the investor.

The Company maintains the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. The Company maintains the right to accept subscriptions below the minimum investment amount or minimum per share investment amount in its discretion. All monies from rejected subscriptions will be returned by the Company to the investor, without interest or deductions.

This is an offering made under “Tier 2” of Regulation A, and the shares will not be listed on a registered national securities exchange upon qualification. Therefore, the shares will be sold only to a person if the aggregate purchase price paid by such person is no more than 10% of the greater of such person’s annual income or net worth, not including the value of his primary residence, as calculated under Rule 501 of Regulation D promulgated under Section 4(a)(2) of the Securities Act of 1933, as amended. In the case of sales to fiduciary accounts (Keogh Plans, Individual Retirement Accounts (IRAs) and Qualified Pension/Profit Sharing Plans or Trusts), the above suitability standards must be met by the fiduciary account, the beneficiary of the fiduciary account, or by the donor who directly or indirectly supplies the funds for the purchase of the shares. Investor suitability standards in certain states may be higher than those described in this Form 1-A and/or Offering Circular. These standards represent minimum suitability requirements for prospective investors, and the satisfaction of such standards does not necessarily mean that an investment in the Company is suitable for such persons. Different rules apply to accredited investors.

Each investor must represent in writing that he/she/it meets the applicable requirements set forth above and in the Subscription Agreement, including, among other things, that (i) he/she/it is purchasing the shares for his/her/its own account and (ii) he/she/it has such knowledge and experience in financial and business matters that he/she/it is capable of evaluating without outside assistance the merits and risks of investing in the shares, or he/she/it and his/her/its purchaser representative together have such knowledge and experience that they are capable of evaluating the merits and risks of investing in the shares.

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MARKETING AND PROMOTION

The Company intends to engage in a combination of marketing and promotional advertising, sales promotion, public relations, social media, and internet advertising. Each of these marketing and promotion strategies shall provide an opportunity to market this Offering efficiently and effectively to prospective investors. These marketing and promotional strategies may include, but are not restricted to:

1.	Personal selling: Face-to-face presentation to prospective investors by Director, Executive, and Officer of the Company.
2.	Social Media: Use social media platforms such as Facebook, Twitter, Pinterest, Instagram, and various blogs to generate “buzz” about the Company.

The Company plans to spend an estimate of $4,500,000 on its marketing and promotional campaign. Since the Company is new, it may spend as much as 100% of the estimate referenced above for introductory marketing and promotional programs for this Offering.

The Company also plans to monitor marketing and promotions costs and results throughout the year to better determine the effectiveness of its budget.

The Company will rely on the safe harbor from broker-dealer registration set forth in Rule 3a4-1 under the Exchange Act of 1934, as amended. Directors, Executives, and Officers of the Company will also attempt to sell preferred stock pursuant to this Offering, with no commission or other remuneration payable to them for any Offering of preferred stock they may sell. The Company acknowledges and agrees that Directors, Executives, and Officers of the Company are not (i) Statutorily disqualified due to misconduct; (ii) Paid commission based on sales; and (iii) Associated with a broker-dealer.

USE OF PROCEEDS TO ISSUER

The Use of Proceeds is an estimate based on the Company’s current business plan. We may find it necessary or advisable to reallocate portions of the net proceeds reserved for one category to another or to add additional categories, and we will have broad discretion in doing so.

The maximum gross proceeds from the sale of the Shares in this Offering are $50,000,000. The net proceeds from the offering, assuming it is fully subscribed, are expected to be approximately $45,000,000 after the payment of $5,000,000 as marketing, promotions, printing, mailing, legal and accounting costs, and other compliance and professional fees that may be incurred. The estimate of the budget for offering costs is an estimate only, and the actual offering costs may differ from those expected by management.

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Management of the Company has wide latitude and discretion in the use of proceeds from this Offering. Ultimately, the management of the Company intends to use a substantial portion of the net proceeds for general working capital. At present, management’s best estimate of the use of proceeds, at various funding milestones, is set out in the chart below. However, potential investors should note that this chart contains only the best estimates of the Company’s management based upon information available to them at the present time and that the actual use of proceeds is likely to vary from this chart based upon circumstances as they exist in the future, various needs of the Company at different times in the future, and the discretion of the Company’s management at all times.

Repayment of Indirect capitalization costs and overhead expenses will be reimbursed by the Company to Hoop Street, LLC after the Company has successfully raised $5 million or above from this Offering. The Company shall calculate its aggregate Indirect capitalization costs (operating expenses) incurred in the operation of the Company in connection with this Offering and claim the same from Hoop Street, LLC on a monthly basis after the company has raised $5 million or above from this Offering.

A portion of the proceeds from this Offering may be used to compensate or otherwise make payments to officers or directors of the Company. The officers and directors of the Company may be paid salaries and receive benefits that are commensurate with similar companies, and a portion of the proceeds may be used to pay these ongoing business expenses.

USE OF PROCEEDS

	$	5,000,000	$	12,500,000	$	25,000,000	$	50,000,000
Cost of Land	$	1,250,000	$	3,125,000	$	6,250,000	$	12,500,000
Construction	$	1,500,000	$	3,750,000	$	7,500,000	$	15,000,000
Working Capital	$	500,000	$	1,250,000	$	2,500,000	$	5,000,000
Estimated Offering Expenses	$	500,000	$	1,250,000	$	2,500,000	$	5,000,000
Furniture & Fixtures	$	175,000	$	437,500	$	875,000	$	1,750,000
Utilities	$	100,000	$	250,000	$	500,000	$	1,000,000
Computer and Software	$	100,000	$	250,000	$	500,000	$	1,000,000
Licenses	$	5,000	$	12,500	$	25,000	$	50,000
Repayment of Operating Expenses	$	220,000	$	550,000	$	1,100,000	$	2,200,000
Reserve for Dividends	$	400,000	$	1,000,000	$	2,000,000	$	4,000,000
Salaries	$	250,000	$	625,000	$	1,250,000	$	2,500,000
Total Use of Proceeds	$	5,000,000	$	12,500,000	$	25,000,000	$	50,000,000

Offering Expenses

We expect total expenses from this Offering to amount to approximately ten percent (10%) of the gross proceeds of the Offering. Such offering expenses include fixed offering expenses of marketing, promotional, expenses of legal counsel, audit fee, blue-sky fees and costs.

Repayment of Operating Expenses

The Company shall reimburse all indirect capital costs and overhead expenses (repayment of Operating Expenses) such as architectural costs, engineering, land zoning and permitting, and other costs directly related to assets belonging to the Company. We expect total repayment of Operating Expenses shall amount to approximately ten percent (10%) of the gross proceeds of the Offering.

The Company reserves the right to change the use of proceeds set out herein based on the needs of the ongoing business of the Company and the discretion of the Company’s management. The Company may relocate the estimated use of proceeds among the various categories or for other use if management deems such a reallocation to be appropriate.

DESCRIPTION OF THE BUSINESS

Overview

Hoop Street Center I Corporation is an early stage hospitality and entertainment company devoted to the development and operation of basketball and entertainment centers in the Southwestern of the United States. The Company will purchase the land and manage zoning, entitlement, design, construction, and operation of the planned facilities.

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Hoop Street, LLC, is the parent company of Hoop Street Center I Corporation and holds all of the issued Common Stock of the Company. In addition, Hoop Street, LLC owns two subsidiaries: Hoop Street Manufacturing, LLC, an Arizona limited liability company that acts as a manufacturing company for basketball chutes and equipment, Hoop Street Real Estate Holdings, LLC, an Arizona limited liability company that owns the land and the building where our entertainment center(s) sit (collectively hereinafter referred as “Operating Subsidiaries”). For purposes of this Offering Circular, “Hoop Street Center I Corporation” or the “Company” or “we” or “our” will refer to Hoop Street Center I Corporation, Hoop Street Manufacturing, LLC, and Hoop Street Real Estate Holdings, LLC in the collective.

Principal Products and Services

Currently, the Company is at the initial stages of development. The Company has started its search for the purchase of land for Phase I Construction of its first basketball entertainment facility in Arizona. The Company believes that it will take approximately 18 months after the land purchase to complete Phase I Construction. Upon completion of Phase I Construction, the relevant facility will be operational.

Location and size of each facility

The Company considers the following factors when determining the locations and size of each facility.

● Large and mid-size populations within metropolitan areas

● University communities with a population of at least 100,000

● Millennial populations within and outside the trade market

● The proximity to major highway, interstate access other larger entertainment facilities, restaurant, and recreations attractions

● Ongoing growth trends in the selected area

● Proximity of select populations bases including university students, types of housing developments, and employment rates

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● Whether a local government is cooperative and favors the development of leisure facilities

● Cost of land

● Availability and the potential threat of competitor facilities within the vicinity

● Favorable mortgage/lender terms and relationships

Financing the facilities

The Company intends to purchase the land for Phase I Construction with a combination of the following:

● The proceeds of this Offering (see “Use of Proceeds”)

● Mortgage financing provided by banks, private equity funds, lending-REITs and/or other financial institutions

Sourcing the facilities

The Company has engaged in various regional and national real estate brokerages to potential source sites. We have sourced two properties that we believe may become our first location. The Company anticipates that it may acquire this land, depending on access to capital or financing, in the first half of 2021.

Facility design and construction

The Company has not yet sourced quotes for the construction and design of its first facility.

Management of the facility

Hoop Street, LLC, will oversee the management of all of its subsidiaries and affiliates and will directly employ management teams and staff to operate all of Hoop Street Center I Corporation locations.

The Experience

The Company intends to offer customers a fun, entertainment, high-quality food, creative menus, unique beverages, basketball, and thoughtfully designed suites to aid in superior customer experience.

The Company intends to build each facility with the following specifications:

● 60-100 climate-controlled. The suites offer comfortable seating, special computer tracking to monitor basketball gaming and ball tracking, and large screen monitors to watch sports

● Multiple indoor/outdoor bars

● Restaurants

● VIP Member, “Select Suites.”

● Family-friendly restrooms and changing areas

● Child care, play areas for kids

● Multiple meeting and conference rooms

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● State-of-the-art basketball academy and training center

● Range of amusement options such as arcades, gaming consoles, soft play areas, and games based on virtual and augmented reality

Market Sector

Hoop Street Center I Corporation intends to participate in the recreational sporting and entertainment facilities market. We believe this market to be young, fast-growing, and under-served. This market overlaps three growing, highly profitable markets: the basketball market, the recreation/sporting entertainment sector, and the food and beverage portion of the hospitality industry. Hoop Street Center I Corporation will be competing for revenues from customer spending in each of these three sectors.

Target Audience

● The company will have five primary target audiences:

● Avid basketball players,

● Families looking for a fun experience for their kids and friends,

● Businesses wanting team building, business gatherings, incentive rewards, and corporate event venues with food and entertainment,

● Experience Seekers, Millennials, Gen-Xers, Boomers seeking unique, fun night/weekend entertainment, and

● Get together/Fundraiser planners – looking for unique locations for parties, celebrations, and fund-raising events – may also be sold through “group sales” programs.

Operations

Hoop Street Center I Corporation intends to provide a realistic basketball experience so that it can better appeal to avid and moderate players. Climate-controlled semi-private suites and incorporate comfortable seating, ball return system, equipment storage, gaming, and media displays. In addition to hospitality, entertainment, events, and family fun, the Company plans to appeal to a wide demographic. The Company believes that it will be able to leverage the following advantages:

●	Realistic Basketball Experience:
	○	Skill-based gaming and simulated basketball
		●	The basketball chute consists of a ball return system, state of the art basketball backboard that moves to create a shot from anywhere in the half-court area as well as skill-based gaming

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●	Superior Technology:
	○	Radar technology allows players to measure their ball flight and spin
	○	Stats for each player and the ability to track improvements over time
	○	Ability to simulate play on famous arenas
	○	Video shot analysis
	○	Gaming and data analytics that can be shared with others on social media
●	Enhanced Guest Experiences:
	○	VIP Member concierge and hosts
	○	VIP Member Select Suites
	○	Men’s and Women’s member locker rooms
	○	Improved digital experiences for guest engagement before, during, and after onsite visits
	○	Online reservation system
	○	Onsite games including pinball, pool, and corn hole
	○	Onsite and post-visit engagement and social sharing
●	Interactive Games and Contests:
	○	Ability for customers to compete against other suites and customers with 3-point shooting, H-O-R-S-E, and other skill-based games.
	○	A software application which will allow players to satisfy their desire to play an NBA legends, and the ability to get more shots off then anywhere else.
●	Women Designed Programs and Coaching: These include learn-to-play days and women-only events and leagues.
●	Beginner Player Designed Programs and Coaching: These include learn-to-play days and beginner player events and leagues.
●	Upgraded Amenities: These include the following:
	o	Luxury Bathrooms
	o	Child care
	o	Business networking zones
	o	Conference rooms
	o	Free high-speed Wi-Fi
	o	Family restrooms and changing areas
●	Healthy and Localized Menus: chef-inspired authentic healthy menu offerings, farm to table sourcing, localized craft beers and select menu items to appeal to regional customers’ tastes, seasonality and lifestyles.

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Support from Hoop Street LLC

Hoop Street Center I Corporation entered into a Management Services Agreement with Hoop Street, LLC, on September 21, 2020 (the “Management Services Agreement”). Under that agreement, Hoop Street, LLC, will manage Hoop Street Center I Corporation and allow Hoop Street Center I Corporation to use certain Intellectual Property and business concepts. Hoop Street Center I Corporation will incur direct and indirect capitalized costs and overhead expenses. Some of these costs will be exclusive to Hoop Street Center I Corporation while other costs will be shared among Hoop Street Center I Corporation and other Operating Subsidiaries.

Direct capitalized costs, and overhead expenses will be paid by Hoop Street Center I Corporation directly (e.g., salaries, board of directors and board of advisor fees, employee benefits, and general administrative costs).

Indirect capitalized costs and overhead expenses will be paid by Hoop Street, LLC, and then reimbursed by Hoop Street Center I Corporation. Indirect capital costs and overhead expenses that will be exclusive to Hoop Street Center I Corporation will be reimbursed in full by Hoop Street Center I Corporation (e.g., architectural costs, engineering, land, zoning and permitting, and other costs directly related to assets belonging to Hoop Street Center I Corporation).

Some capitalized costs (e.g., technology and other costs related to all Operating Subsidiaries and their assets, concept design common to all Operating Subsidiaries (e.g., restaurant and bar design, basketball entertainment area design, and intellectual property) and overhead expenses (actual expenses of Hoop Street, LLC) will not be exclusive to Hoop Street Center I Corporation and will be shared amongst Hoop Street Center I Corporation and the other Operating Subsidiaries.

Each Operating Subsidiary will be responsible for its share of capitalized costs once it has commenced fundraising under Regulation A (“Hoop Street, LLC Active Subsidiary” or “Hoop Street, LLC Active Subsidiaries,” as applicable). Hoop Street, LLC reserves the right to defer the collection of reimbursements from Hoop Street Center I Corporation and other Hoop Street, LLC Active Subsidiaries, if, in its sole discretion, it determines that such reimbursements should be shared amongst Hoop Street Center I Corporation, Hoop Street, LLC Active Subsidiaries and any additional subsidiaries.

Unless deferred, indirect capitalized costs will be reimbursed pro-rata based on the total number of Hoop Street, LLC Active Subsidiaries.

Overhead expenses, which will be reported monthly, will be allocated among the Hoop Street, LLC Active Subsidiaries based upon the number of facilities. Each parcel of land that a Hoop Street, LLC Active Subsidiaries, closes on is considered a facility. If a Hoop Street, LLC Active Subsidiary has yet to purchase land, that subsidiary will be considered to have one facility.

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The initial term of the agreement is ten years and is automatically renewable. Either party can terminate the agreement by written notice 180 days prior to the end of the current term.

For additional information, please see the Management Services Agreement, which is an Exhibit to the Offering Statement of which this Offering Circular forms a part.

Further, it is the intent of Hoop Street, LLC, that Hoop Street, LLC, will enter into a participating lease agreement (“PLA”) with Hoop Street Center I Corporation and each Operating Subsidiary as needed. For example, in the event that Hoop Street, LLC uses capital to assist Hoop Street Center I Corporation or any Operating Subsidiary with the acquisition of land and for certain costs related to the entitlement and zoning for such land, Hoop Street, LLC will execute a PLA with the applicable Operating Subsidiary. PLAs allow for fixed lease payments plus allocations of revenue, wherein Hoop Street, LLC, would receive larger lease payments from the applicable Operating Subsidiary in the event revenues increase. Hoop Street, LLC intends that the PLAs will allow for payments from the Operating Subsidiary to Hoop Street, LLC in amounts that closely approximate what would be Hoop Street, LLC’s share of net cash flows based on its pro-rata share of total development costs for the facilities owned by the applicable Operating Subsidiary.

Hoop Street, LLC, and Hoop Street Center I Corporation have not yet entered into a PLA.

Competition

Direct competitors

There are no direct competitors.

Indirect competitors

Indirect competitors include sports-themed entertainment facilities with food and beverage offerings that revolve around other sports including, but not limited to, bowling, ping pong, baseball, Golf, NASCAR, etc. These include PINS Mechanical, Main Event (40+ locations), Lucky Strike, TopGolf, Bowl More, iDrive NASCAR, iFly, and Dave & Buster’s (120+ locations), to name a few.

In addition, new entertainment themed centers are being developed within the United States that merges retail, food and beverage, entertainment, and hospitality into single, tightly-packed mixed-use destinations of 1-3 million square feet. These new developments include the American Dream (Miami) and American Dream (NYC), as well as numerous other smaller developments throughout the US. Facilities like these typically include entertainment amenities such as water parks, skydiving, surfing, ice-rinks, drive-in movie theatres, hybrid golf facilities, miniature golf, theme parks, observation wheels, climbing walls, X4D movie theatres, and aquariums.

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Employees

The Company currently has no employees. Currently, two employees at Hoop Street, LLC, dedicate all of their time to the company matters related to Hoop Street Center I Corporation.

The Company intends to oversee the development and construction of the first facility. During the initial year of development and as the facility nears completion, the Company executives will commence hiring full-time staff that Company will then require.

Advisory Board

The advisory board includes the following individuals:

● Adam Wardel

● Syed Rizvi

Regulation

It is likely that the following licenses and permits will be required to operate the facilities. At this time, none of the licenses and/or permits have been acquired.

● State liquor license

● State reuse/resale tax for products including but not limited to basketball equipment, and apparel

● County resale tax certificate

● “Doing Business As” certificates for applicable states

● Health department and food service license for each facility

● Elevator and Fire department certifications required annually

Intellectual Property

Hope Street, LLC has filed for the following intellectual property:

● Trademark of Hoop Street name, logo, and advertising slogans

● Patents for several inventions related to basketball chutes and equipment

Hope Street, LLC intends to file additional patents and trademarks relating to the following:

● Enhanced basketball virtual gaming and skill-related games that integrate with the Hoop Street Virtual Reality platform and API.

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Litigation

The Company has no litigation pending, and the management team is not aware of any pending or threatened legal action relating to the company business, intellectual property, conduct, or other business issues.

The Company’s Property

The Company does not currently own property. However, the company is actively sourcing potential sites for its first location. The Company believes it will purchase land by Q2 2021.

Conflicts of Interest

We are subject to various conflicts of interest arising out of our relationship with Hoop Street, LLC. We discuss these conflicts below.

General

Hoop Street, LLC, is the parent company of Hoop Street Center I Corporation and currently holds all of the issued Common Stock of Hoop Street Center I Corporation. Hoop Street, LLC is also affiliated with each of the Operating Subsidiaries, and currently, all of the executives are the same for Hoop Street, LLC, Hoop Street Center I Corporation, and the other Operating Subsidiaries.

These persons have legal obligations with respect to Hoop Street, LLC, and the other Operating Subsidiaries that are similar to their obligations to us. In the future, these persons and other affiliates of Hoop Street, LLC, and the other Operating Subsidiaries may organize/acquire for their own account other leisure facilities, real estate-related or debt-related investment programs. These acquisitions may have also been suitable for Hoop Street Center I Corporation.

Allocation of Our Affiliates’ Time

Hoop Street Center I Corporation relies on Hoop Street, LLC’s executive officers, and other professionals who act on behalf of Hoop Street, LLC, for the day-to-day operation of our business.

As a result of the executives competing responsibilities, their obligations to other investors and the fact that they will continue to engage in other business activities on behalf of themselves and others, they will face conflicts of interest in allocating their time to Hoop Street Center I Corporation and other entities and other business activities in which they are involved. However, the company believes that the executive officers and investment professionals have sufficient depth to fully discharge their responsibilities to the company and the other entities for which they work, see “The Company’s Business – Support from Hoop Street, LLC.”

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Receipt of Fees and Other Compensation by Hoop Street, LLC, and its Affiliates

Hoop Street, LLC, and its affiliates will receive substantial fees from the Company, which fees will not be negotiated at arm’s length. Such fees shall be in addition to indirect capitalized cost and overhead expenses reimbursed by Hoop Street, LLC to Hoop Street Center I Corporation. At present, this fee is estimated to be fifteen percent 15% of the Gross Revenue of Hoop Street Center I Corporation. These fees could influence Hoop Street, LLC’s advice to the company, as well as the judgment of the affiliated executives of Hoop Street, LLC, and Hoop Street Center I Corporation (which are one and the same). The term “Gross Revenue” shall mean all gross collections from the operations of Hoop Street Center I Corporation, including, without limitation, cash sales, sale of property and equipment. For additional information, see “The Company’s Business – Support from Hoop Street, LLC” for conflicts relating to the payments between Hoop Street, LLC, and Hoop Street Center I Corporation.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion includes information from the audited financial statements for the inception period of September 21, 2020 through December 31, 2020, and should be read in conjunction with our financial statements and the related notes included in this Offering Circular. The following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements.

Overview

Hoop Street Center I Corporation is an early stage hospitality and entertainment company devoted to the development and operation of a basketball and entertainment centers in the Southwestern sector of the United States. The Company will purchase the land and manage the zoning, entitlement, design, construction, and operation of the planned facilities.

The Company anticipates that its revenues will come from the following activities:

● individual and corporate membership sales,

● food and beverage sales,

● retail and online sales,

● sponsorships, advertising and naming rights and

● contest and qualifier fees and ticket purchases

The Company will collect revenue upon sale of an item (including membership sales, food and beverage sales, apparel, etc.) and recognize the revenue when the sale is made. Operating expenses currently consist of advertising and marketing expenses and general administrative expenses.

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Results of Operations

From Inception to August 10, 2020 we have had no operations and no revenues.

Total operating expenses from Inception to August 10, 2020 were $62,800. $7,800 was spent on engineering, $55,000 was spent on designing and prototypes.

As a result of the foregoing, the company generated a net loss of $62,800.

Monthly Operating Expenses

Currently, pursuant to the Management Services Agreement dated Date September 21, 2020, HOOP STREET, LLC pays the operating expenses of Hoop Street Center I Corporation as of August 2020, Hoop Street Center I Corporation monthly expected burn rate for operating expenses is approximately $70,000 per month. The Company anticipates that in the coming months approximately $30,000 will be spent on salaries, $5,000 will be spent on employee benefits and taxes, and $35,000 will be spent on other general and administrative costs. HOOP STREET, LLC will not be reimbursed for these aforementioned expenses until HOOP STREET, LLC determines, in its sole discretion, that the Company has raised sufficient capital in this Offering.

Hoop Street Center I Corporation intends to begin repayment to HOOP STREET, LLC all of its accrued monthly operating expenses at the commencement of this Offering. All accrued operating expenses will be compounded annually at an interest rate of 8%.

At the commencement of this Offering, Hoop Street Center I Corporation will be responsible for all of its monthly operating expenses. All monthly expenses will be reported quarterly. Monthly operating expenses include the following:

● salaries and benefits,

● compensation to contractors,

● expenses related to local marketing, promotion and public relations,

● travel,

● legal and accounting, and

● insurance and technology

Celebrity Fees, etc.

In the event HOOP STREET, LLC pays fees to celebrities, sports professionals and other similarly situated individuals, those fees will be charged to the subsidiaries at cost, without markup, using the same expense allocation method.

For additional information regarding expense reimbursement please see the Management Services Agreement filed as Exhibit 6.2 to this Offering Circular.

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Plan of Operation

Upon completion of this Offering, the company intends to fund operations with the proceeds from this Offering and use mortgage financing to advance the purchase of the land, construction of the facility, design of the facility, use of architects, and hiring of employees. Approximate costs for each stage of developing a facility are as follows:

● purchase the land: up to $12,500,000

● construction and design of the facility: up to $15,000,000

● architectural and engineering costs: up to $300,000

● employee-related expenses: up to $500,000

The company has estimated that it will be financing the purchase of land and construction of the facilities with mortgages obtained, representing between 50% and 70% of the total value of the location.

Pursuant to the Management Services Agreement, HOOP STREET, LLC intends to assist with the management of the first facility. During a two-year time period HOOP STREET, LLC will focus on hiring and training Hoop Street Center I Corporation executives and employees.

As of August 10, 2020, the company is currently in the beginning stages identifying land for the locations. The company intends to finance some of the purchase of the land from the proceeds of this Offering.

Over the next 12 months, the company plans to do the following:

● Select and acquire at least one parcel of land.

● Negotiate and execute mortgage financing for approved segments of the development and construction.

● Finalize site and building design per the overall Hoop Street Center I Corporation concept design.

● Apply for and receive building permits.

● Execute a general contracting agreement.

● Break ground on the first Midwestern facility.

● Hire a general manager/operator and team to run the first facility.

● Acquire necessary permits to construct, finish, serve food and beverage and equip the facilities, as applicable.

● Engage architects, engineers, and general contractors for the overall development and construction of the facility.

Beginning in October 2020, the company intends to do the following:

● Oversee and manage the construction, finish, equipping, and staffing of the location in order to commence operations.

● Acquire necessary permits to construct, finish, serve food and beverage and equip the facilities, as applicable.

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The company may also finance the construction of mortgage financing. For additional information, see “Management Discussion” and Analysis – Plan of Operations.

Covid-19 Health and Safety

The Company understands and agrees to comply with all of U.S. Governmental issued COVID-19 health and safety protocols and procedures, as described. Employees and customers will not be permitted to check in the Hoop Street Center I Corporation facility until they have followed the proper health and safety guidelines including but not restricted to maintaining physical distancing, wearing a mask, keeping the facility well ventilated and limiting the number of people entering the facility.

The Company policy on Covid-19 health and safety shall include the measures needed to be taken to mitigate the spread of Covid-19. Employees and customer at Hoop Street Center I Corporation shall be requested to follow all these rules diligently, to sustain a healthy and safe environment. The Company policy on Covid-19 is susceptible to changes with the introduction of additional U.S. Governmental guidelines.

Liquidity and Capital Resources

As of July 31, 2020, the Company’s cash on hand was $80. Currently, the company is not generating a profit. Accordingly, since inception Hoop Street Center I Corporation has relied upon the cash advances from its current shareholder Hoop Street, LLC, and the management. The Company plans to continue to try to raise additional capital through additional offerings and mortgage financing. Absent additional capital, the Company may be forced to significantly reduce expenses and could become insolvent.

Indebtedness

● On July 31, 2020, the Company has no debt.

Relaxed Ongoing Reporting Requirements

If we become a public reporting company in the future, we will be required to publicly report on an ongoing basis as an “emerging growth company” (as defined in the Jumpstart Our Business Startups Act of 2012, which we refer to as the JOBS Act) under the reporting rules set forth under the Exchange Act. For so long as we remain an “emerging growth company,” we may take advantage of certain exemptions from various reporting requirements that are applicable to other Exchange Act reporting companies that are not “emerging growth companies,” including but not limited to:

● not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act;

● taking advantage of extensions of time to comply with certain new or revised financial accounting standards;

● being permitted to comply with reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements; and

● being exempt from the requirement to hold a non-binding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

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If we become a public reporting company in the future, we expect to take advantage of these reporting exemptions until we are no longer an emerging growth company. We would remain an “emerging growth company” for up to five years, although if the market value of our Common Stock that is held by non-affiliates exceeds $700 million as of any June 30 before that time, we will cease to be an “emerging growth company” as of the following December 31.

If we do not become a public reporting company under the Exchange Act for any reason, we will be required to publicly report on an ongoing basis under the reporting rules set forth in Regulation A for Tier 2 issuers. The ongoing reporting requirements under Regulation A are more relaxed than for “emerging growth companies” under the Exchange Act. The differences include but are not limited to is required to file only annual and semiannual reports, rather than annual and quarterly reports. Annual reports are due within 120 calendar days after the end of the issuer’s fiscal year, and semiannual reports are due within 90 calendar days after the end of the first six months of the issuer’s fiscal year.

In either case, we will be subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not “emerging growth companies”, and our shareholders could receive less information than they might expect to receive from more mature public companies.

DIRECTORS, EXECUTIVES, OFFICERS, AND SIGNIFICANT EMPLOYEES

The directors and executives officers of Hoop Stree Center I Corporation are as follows:

Name	Position	Age		Term of Office	Approx. Hours Per Week
Executive Officers
Ernest Hemple	Chief Executive Officer		71	1-1-2020 to present		40
Michael Olsen	Chief Financial Officer		44	1-1-2020 to present		10
Syed Rizvi	Chief Strategy Officer		37	9-1-2020 to present		40
Directors
Ernest Hemple	Chairman of the Board		71	1-1-2020 to present		N/A
Michael Olsen	Director		44	1-1-2020 to present		N/A

Ernest Hemple

Owner of Hemple & Associates, a public relations and marketing firm. Ernest Hemple is the founder of several successful companies, including:

● The Plant Orphanage, a Chicago chain of tropical plant stores that sold ex-rental plants from downtown Chicago.

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● Movie Facts Magazine. A trifold handout that moviegoers would use to obtain information on local movies, restaurants in the area.

● Brite Ideas, the company he used to create and market the original Kitty Whiz Transfer System,

● MicroBlvd., As the owner of Microblvd, he created and launched 40 different innovative products and services: Microblvd created and brought to market the first relationship manager software, Thoughtful Moments, the first credit repair/credit management software, Instant Credit, the first consumer mortgage software, Instant Home Loan, the first SEO (search engine optimizing) software, Website Traffic Builder, PCO, (Personal Computer Optimizing Software) CPU Doubler, and is responsible for several other innovative consumer products. Ernest Hemple has used direct-response ads to sell a variety of products and services over the years.

Michael Olsen

Senior level executive with extensive experience leading all facets of financial operations for public and private entities across diverse industries – generating millions of dollars in value. Exceptional at defining and aligning strategies incorporating mergers and acquisitions, joint ventures, and participations to augment organic growth. Highly effective at realigning and transforming organizations into rapidly growing, market-driven entities. Trusted adviser and team builder with a strong history of managing multimillion-dollar financing arrangements, negotiations, corporate/SOX reporting, and capital requirements. A Finance Manager with hybrid experience in Accounting, Finance, and IT in small to complex global organizations. Strong analytical and problem-solving skills for understanding the functional requirements, design of business applications, and the organization structure is enabling me to develop initiatives to drive continued growth and profitability for the organization.

Additionally, Michael has played key leadership roles in shaping strategic direction and has several career milestones, including implementing strong internal financial controls, establishing process improvements, and creating useful reporting tools and models that have yielded tremendous departmental and company growth.

Syed Rizvi

As a Chief Strategy Officer at Hoop Street, Syed is responsible for assisting the Chief Executive Officer in crafting the Company’s strategic vision and ensuring that the vision is embodied in the investment, partnership, operational and talent decisions being made by business and functional leaders. Syed also oversees the Information Technology, Legal and Marketing functions.

Syed has experience practising law in some of most-respected international law firms for more than 10 years. He’s also a lawyer, entrepreneur and brings unique insight and cross-border experience to the Hoop Street team. He has many years of experience in the legal industry and a passion for both the business and law.

COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS

The directors of the Company are, at present, not compensated for their roles as directors. Only expenses are reimbursed for their participation on the board of directors. The Company may choose to compensate the present directors in the future, as well as compensate future directors as under.

Executive Compensation

Hoop Street Center I Corporation intends to pay annualized salaries to its executive officers beginning January 1, 2021, as follows:

Name	Position	Annual Compensation
Ernest Hemple	President	$	125,000.00
		$
Michael Olsen	Chief Financial Officer	$	100,000.00
Syed Rizvi	Chief Strategy Officer	$	100,000.00

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Employee Agreements

We have not entered into any employment agreements with our executive officers. We may enter into employment agreements with them in the future. A stock incentive program for our directors, board advisors, executive officers, employees, and key consultants may be established in the future.

Stock Inventive Plan

In the future, we may establish a management stock incentive plan pursuant to which stock options and awards may be authorized and granted to our directors, executive officers, employees, and key employees or consultants. Details of such a plan, should one be established, have not been decided yet. Stock options or a significant equity ownership position in us may be utilized by us in the future to attract one or more new key senior executives to manage and facilitate our growth.

Board of Directors

Our board of directors currently consists of three directors. None of our directors are “independent,” as defined in Rule 4200 of FINRA’s listing standards. We may appoint additional independent directors to our board of directors in the future, particularly to serve on committees should they be established.

Committees of the Board of Directors

We may establish an audit committee, compensation committee, a nominating and governance committee, and other committees to our Board of Directors in the future, but have not done so as of the date of this Offering Circular. Until such committees are established, matters that would otherwise be addressed by such committees will be acted upon by the Board of Directors.

Limitation of Liability and Indemnification of Officers and Directors

Our Bylaws limit the liability of directors and officers of the Company to the maximum extent permitted by Arizona law. The Bylaws state that the Company shall indemnify and hold harmless each person who was or is a party or is threatened to be made a party to, or is otherwise involved in any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director or an officer of the Company or such director or officer is or was serving at the request of the Company as a director, officer, partner, member, manager, trustee, employee or agent of another company or of a partnership, limited liability company, joint venture, trust or other enterprises.

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The Company believes that indemnification under our Bylaws covers at least negligence and gross negligence on the part of indemnified parties. The Company also may secure insurance on behalf of any officer, director, employee, or other agents for any liability arising out of his or her actions in connection with their services to us, regardless of whether our Bylaws permit such indemnification. The Company may also enter into separate indemnification agreements with its directors and officers, in addition to the indemnification provided for in our Bylaws. These agreements, among other things, may provide that we will indemnify our directors and officers for certain expenses (including attorneys’ fees), judgments, fines, and settlement amounts incurred by a director or executive officer in any action or proceeding arising out of such person’s services as one of our directors or officers, or rendering services at our request, to any of its subsidiaries or any other company or enterprise. We believe that these provisions and agreements are necessary to attract and retain qualified persons as directors and officers.

There is no pending litigation or proceeding involving any of our directors or officers as to which indemnification is required or permitted, and we are not aware of any threatened litigation or proceeding that may result in a claim for indemnification.

For additional information on indemnification and limitations on the liability of our directors and officers, please review the Company’s Bylaws, which are attached to this Offering Circular.

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS

The following table sets forth information regarding beneficial ownership of our Common Stock and Preferred Stock as of September 30, 2020.

Hoop Street Center I Corporation
Common Stock
	Shares Beneficially Owned Prior to Offering			Shares Beneficially Owned After to Offering
Name and Position of Beneficial Owner	Number	Percent		Number	Percent
Hoop Street, LLC	3,000,000	100	%	3,000,000	100	%
Preferred Stock
Shares in Offering	1,000,000	100	%	1,000,000	100	%

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INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS

Relationship with Hoop Street, LLC

The Company has received working capital to cover expenses and costs while preparing for the securities offering from Hoop Street, LLC in the amount of $65,655 as of November 10, 2018. The balance of these covered costs is recorded as a liability of the company.

Management Services Agreement

The company has entered into a Management Services Agreement with Hoop Street, LLC. Pursuant to this agreement, Hoop Street, LLC is to provide the following to Hoop Street Center I Corporation:

● All licenses necessary for Hoop Street Center I Corporation to conduct its business,

● Supervise the operations of Hoop Street Center I Corporation,

● Manage all necessary negotiations relating to the business, personnel, etc.

Hoop Street Center I Corporation is also expected to reimburse Hoop Street, LLC for certain direct and indirect costs to see “The Company’s Business – Support from Hoop Street, LLC.” The term of the agreement is for ten years. Upon expiration of the agreement, it shall automatically renew for another ten years. Either party can terminate the agreement provided 180 days written notice has been given to the other party.

SECURITIES BEING OFFERED

The Company is offering Shares of its Preferred Stock. Except as otherwise required by law, the Company’s Certificate of Incorporation or Bylaws, each shareholder of Common Stock shall be entitled to one vote for each share held by such shareholder of the Company. The Preferred Stock shall not be entitled to any vote for shares held by such shareholder of the Company.

The minimum subscription that will be accepted from an investor is Fifty Dollars ($50.00) (the “Minimum Subscription”).

A subscription for Fifty Dollars ($50.00) or more in the Shares may be made only by tendering to the Company the executed Subscription Agreement (electronically or in writing) delivered with the subscription price in a form acceptable to the Company, via check, wire, credit or debit card, or ACH. The execution and tender of the documents required, as detailed in the materials, constitutes a binding offer to purchase the number of Shares stipulated therein and an agreement to hold the offer open until the Expiration Date or until the offer is accepted or rejected by the Company, whichever occurs first.

44

The Company reserves the unqualified discretionary right to reject any subscription for Shares, in whole or in part. The Company reserves the unqualified discretionary right to accept any subscription for Shares in an amount less than the Minimum Subscription. If the Company rejects an offer to subscribe for the Shares, it will return the subscription payment, without interest or reduction. The Company’s acceptance of your subscription will be effective when an authorized representative of the Company issues you written or electronic notification that the subscription was accepted.

INVESTORS ELIGIBILITY STANDARDS

The Shares will be sold only to a person who is not an accredited investor if the aggregate the purchase price paid by such person is no more than 10% of the greater of such person’s annual income or net worth, not including the value of his primary residence, as calculated under Rule 501 of Regulation D promulgated under Section 4(a)(2) of the Securities Act of 1933, as amended. In the case of sales to fiduciary accounts (Keogh Plans, Individual Retirement Accounts (IRAs) and Qualified Pension/Profit Sharing Plans or Trusts), the above suitability standards must be met by the fiduciary account, the beneficiary of the fiduciary account, or by the donor who directly or indirectly supplies the funds for the purchase of Shares. Investor suitability standards in certain states may be higher than those described in this Offering Circular. These standards represent minimum suitability requirements for prospective investors, and the satisfaction of such standards does not necessarily mean that an investment in the Company is suitable for such persons.

Each investor must represent in writing that he/she meets the applicable requirements set forth above and in the Subscription Agreement, including, among other things, that (i) he/she is purchasing the Shares for his/her own account and (ii) he/she has such knowledge and experience in financial and business matters that he/she is capable of evaluating without outside assistance the merits and risks of investing in the Shares, or he/she and his/her purchaser representative together have such knowledge and experience that they are capable of evaluating the merits and risks of investing in the Shares. Transferees of Shares will be required to meet the above suitability standards.

45

Financial Statements and Report of
Independent Certified Public Accountants

Hoop Street Center 1 Corporation

December 31, 2020

46

Hoop Street Center 1 Corporation

Table of Contents

Independent Auditor’s Report	1
Balance Sheet	2
Statement of Operations	3
Statement of Cash Flows	4
Statement of Stockholder’s Equity	5
Notes to Financial Statements	6-7

47

  

Independent Auditor’s Report

Board of Directors and Stockholder

Hoop Street Center 1 Corporation

Report on the Financial Statements

We have audited the accompanying financial statements Hoop Street Center 1 Corporation (the “Company”) which comprise the balance sheet as of December 31, 2020 and the related statements of operations, cash flows and stockholder’s equity from September 21, 2020 (inception) through December 31, 2020, and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Hoop Street Center 1 Corporation as of December 31, 2020, and the results of its operations, cash flows and stockholder’s equity from September 21, 2020 (inception) through December 31, 2020 in accordance with accounting principles generally accepted in the United States of America.

Tampa, Florida

January 26, 2021

ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES

also d/b/a McNAMARA and ASSOCIATES, PLLC

TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053

JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053

ORLANDO:  1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053

SOUTH FLORIDA:  2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053

www.assurancedimensions.com

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Hoop Street Center I Corporation

Balance Sheet

December 31, 2020

ASSETS
Current Assets
Cash	$	500
Total Current Assets		500
TOTAL ASSETS	$	500
LIABILITIES AND STOCKHOLDER’S EQUITY
Current Liabilities
Total Current Liabilities	$	-
TOTAL LIABILITIES		-
Stockholder’s Equity
Preferred stock, no par, 1,000,000 authorized, 0 issued and  outstanding as of December 31, 2020		-
Common stock, no par, 3,000,000 authorized, issued and  outstanding as of December 31, 2020		-
Additional paid in capital		500
Retained earnings		-
TOTAL STOCKHOLDER’S EQUITY		500
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	500

The accompanying notes are an integral part of this financial statement.

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Hoop Street Center I Corporation

Statement of Operations

For the period from September 21, 2020 to December 31, 2020

REVENUE
Total revenue	$	-
EXPENSES
Total operating expenses		-
LOSS FROM OPERATIONS		-
OTHER INCOME (EXPENSES)		-
NET LOSS	$	-

The accompanying notes are an integral part of this financial statement.

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Hoop Street Center I Corporation

Statement of Cash Flows

For the period from September 21, 2020 to December 31, 2020

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Net cash provided by operating activities		-
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash (used in) investing activities		-
CASH FLOWS FROM FINANCING ACTIVITIES
Contribution from shareholder		500
Net cash provided by financing activities		500
NET INCREASE IN CASH		500
Cash at beginning of year		-
Cash at end of year	$	500
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during year for interest	$	-
Cash paid during year for income taxes	$	-

The accompanying notes are an integral part of this financial statement.

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Hoop Street Center I Corporation

Statement of Stockholder’s Equity

For the period from September 21, 2020 to December 31, 2020

	Common		Preferred		Additional
	Stock $0 Par		Stock $0 Par		Paid		Retained
	Value		Value		In Capital		Earnings		Total
September 21, 2020		-		-	$	-	$	-	$	-
Issuance of founders shares		3,000,000		-		-		-		-
Contribution from shareholder		-		-		500		-		500
Net income (loss)		-		-		-		-		-
December 31, 2020		3,000,000		-	$	500	$	-	$	500

The accompanying notes are an integral part of this financial statement.

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Hoop Street Center 1 Corporation

Notes to Financial Statements

December 31, 2020

Note A – Nature of Business and Organization

Hoop Street Center 1 Corporation (“the Company”) is a wholly owned subsidiary of Hoop Street, LLC and was organized in September 2020 in the State of Arizona. Headquartered in Queen Creek, Arizona. The Company plans to create a place where families, friends, and colleagues can gather and enjoy the fun and excitement of basketball and, for those with high aspirations and train to reach the next level.

Note B – Significant Accounting Policies

Basis of Presentation

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.

Cash and Cash Equivalents

The Company considers all highly liquid instruments with an original maturity of less than three months to be cash and cash equivalents. The Company places its temporary cash investments with high quality financial institutions. At times, such investments may be in excess of FDIC insurance limits. The Company does not believe it is exposed to any significant credit risk on cash and cash equivalents.

Income Taxes

The Company, with the consent of its stockholder has elected to be taxed under sections of federal and state income tax law, which provide that, in lieu of corporation income taxes, the stockholder separately accounts for its share of the Company’s items of income, deductions, losses and credits. As a result of this election, no income taxes have been recognized in the accompanying financial statements. The Company periodically assesses whether it has incurred income tax expense or related interest or penalties in accordance for uncertain income tax positions. No such amounts were recognized.

The Company adopted the income tax standard for uncertain tax positions. As a result of this implementation, the Company evaluated its tax positions and determined that it has no uncertain tax positions as of December 31, 2020. The Company’s 2020 tax year is open for examination for federal and state taxing authorities.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

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Hoop Street Center 1 Corporation

Notes to Financial Statements

December 31, 2020

Note C – Stockholder’s Equity

Stockholder’s equity consists of two classes of shares, common stock and preferred stock. At December 31, 2020 the Company had 3,000,000 common shares with no par value issued, authorized and outstanding and the Company had 1,000,000 preferred shares with no par value with none issued, authorized and outstanding. Preference shares do not have a right to vote, no conversion, and preemptive rights.

At inception the Company granted 3,000,000 shares to its sole shareholder as founders shares for $0. During the period from inception to December 31, 2020 the Company received a $500 capital contribution from is Sole Shareholder.

Note D – Commitments and Contingencies

Contingencies

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

COVID-19

Management has concluded that the COVID-19 outbreak in 2020 may have a significant impact on business in general, but the potential impact on the Company is not currently measurable. Due to the level of risk this virus has had on the global economy, it is at least reasonably possible that it could have an impact on the operations of the Company in the near term that could materially impact the Company’s financials. Management has not been able to measure the potential financial impact on the Company but will review commercial and federal financing options should the need arise.

Note E – Subsequent Events

Management has assessed subsequent events through January 26, 2021, the date on which the financial statements were available to be issued.

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SIGNATURES

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable ground to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Arizona on June 7, 2021.

Hoop Street Center I Corporation

By	/s/ Ernest Hemple
	Ernest Hemple
	Chief Executive Officer and Director
[Date]	June 7, 2021
By	/s/ Michael Olsen
	Michael Olsen
	Chief Financial Officer and Director
	June 7, 2021

48

ACKNOWLEDGEMENT ADOPTING TYPED SIGNATURES

The undersigned hereby authenticate, acknowledge and otherwise adopt the typed signatures above and as otherwise appear in this filing and Offering.

By	/s/ Ernest Hemple
	Ernest Hemple
	Chief Executive Officer and Director
[Date]	June 7, 2021
By	/s/ Michael Olsen
	Michael Olsen
	Chief Financial Officer and Director
[Date]	June 7, 2021

49

PART III – EXHIBITS

Index to Exhibits

Description	Exhibit
Articles of Incorporation	Exhibit A
Amended Articles of Incorporation	Exhibit B
Bylaws	Exhibit C
Subscription Agreement	Exhibit D
Management Service Agreement	Exhibit E
Consent of Auditors	Exhibit F
Legal Opinion of Adam Wardel, Wardel Law	Exhibit G
Testing The Waters	Exhibit H

50

EX1A-1 UNDR AGMT

Exhibit A

 

 

EX1A-1 UNDR AGMT

Exhibit B

 

 

 

EX1A-1 UNDR AGMT

Exhibit C

BYLAWS

OF

HOOP STREET CENTER I CORPORATION

ARTICLE 1

OFFICES

1.1. Registered Office

The registered office of Hoop Street Center I Corporation (the “Corporation”) shall be in the County of _______, State of Arizona.

1.2. Other Offices

The Corporation may also have offices at such other places both within and without the State of Arizona as the Board of Directors may from time to time determine or the business of the Corporation may require.

1.3. Books

The books of the Corporation may be kept within or without the State of Arizona as the Board of Directors may from time to time determine or the business of the Corporation may require.

ARTICLE 2

MEETING OF STOCKHOLDERS

2.1. Time and Place of Meetings

All meetings of stockholders shall be held at such place, either within or without the State of Arizona or by means of a telephonic, electronic, or other communication facilities that permit all participants to communicate adequately with each other during the meeting, on such date and at such time as may be determined from time to time by the Board of Directors (or the Chairman in the absence of designation by the Board of Directors).

2.2. Annual Meetings

An annual meeting of stockholders shall be held once every year for the election of directors and to transact such other business as may properly be brought before the meeting. The annual stockholder meeting shall be held as closely as practicable to the same month of each year so as to ensure that the terms of office of directors shall approximate a complete year in length.

2.3. Special Meetings

Special meetings of the Stockholder may be called by a majority of the Board of Directors, the Chairman of the Board of Directors, the President or the Secretary of the Corporation and may not be called by any other person.

2.4. Notice of Meetings and Adjourned Meetings; Waivers of Notice

(a)

Whenever stockholders are required or permitted to take any action at a meeting, a written notice through electronic communication of the meeting shall be given which shall state the place, if any, date and hour of the meeting, the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Unless otherwise provided by the Arizona Business Corporation Act (the “BCA”), such notice shall be given not less than 10 nor more than 60 days before the date of the meeting to each Stockholder of record entitled to vote such meeting. Unless these bylaws otherwise require, when a meeting is adjourned to another time or place (whether or not a quorum is present), notice need not be given of the adjourned meeting if the time, place, if any, and the means of remote communication, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting, are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. If the adjournment is of more than 30 days, or after the adjournment, new record date is fixed for the adjournment meeting, a notice of the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each Stockholder of record entitled to vote at the meeting.

(b)

A written waiver of any such notice signed by the person entitled thereto, or a waiver by electronic transmission by the person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Business transacted at any special meeting of stockholders shall be limited to the purposes stated in the notice.

Bylaws of Hoop Street Center I Corporation Page 2 of 18

2.5. Quorum

Unless otherwise provided under the certificate of incorporation or these bylaws and subject to the BCA, the presence, in person or by proxy, of the holders of a majority of the outstanding capital stock of the Corporation entitled to vote at a meeting of stockholders shall constitute a quorum for the transaction of business. If, however, such quorum shall not be present or represented at any meeting of the stockholders, a majority in voting interest of the stockholders present in person or represented by proxy may adjourn the meeting, without notice other than announcement at the meeting, until a quorum shall be present or represented. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified.

2.6. Voting

(a)	Unless otherwise provided in the certificate of incorporation and subject to the BCA, each common Stockholder shall be entitled to one vote for each outstanding common stock of the Corporation held by such Stockholder. Any share of preferred stock of the Corporation held by such Stockholder shall have no voting rights. Except as otherwise provided by law, the certificate of incorporation or these bylaws, in all matters other than the election of directors, the affirmative vote of the majority of the shares of common stock of the Corporation present in person or represented by proxy at the meeting and entitled to vote on the subject matter shall be the act of the stockholders. Subject to the rights of the holders of any series of preferred stock to elect additional directors under specific circumstances, directors shall be elected by a plurality of the votes of the shares of common stock of the Corporation present in person or represented by proxy at the meeting and entitled to vote on the election of directors.
(b)	Each Stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for such Stockholder by proxy, appointed by an instrument in writing, subscribed by such Stockholder or by his attorney thereunto authorized, or by proxy sent via email, internet or by any means of electronic communication permitted by law, which results in writing from such Stockholder or by his attorney, and delivered to the secretary of the meeting. No proxy shall be voted after three (3) years from its date unless said proxy provides for a longer period.
(c)	In determining the number of votes cast for or against a proposal or nominee, shares abstaining from voting on a matter will not be treated as a vote cast. A non-vote by a broker will be counted for purposes of determining a quorum but not for purposes of determining the number of votes cast.

Bylaws of Hoop Street Center I Corporation Page 3 of 18

2.7. No Action by Written Consent

Subject to the rights of the holders of any series of preferred stock then outstanding, as may be set forth in the certificate of designation relating to such preferred stock, any action required or permitted to be taken at any annual or special meeting of stockholders may be taken only upon the vote of stockholders at an annual or special meeting duly noticed and called in accordance with the BCA and may not be taken by written consent of stockholders without a meeting.

2.8. Organization

At each meeting of stockholders, the Chairman of the Board, if one shall have been elected, or in the Chairman’s absence or if one shall not have been elected, the director designated by the vote of the majority of the directors present at such meeting, shall act as Chairman of the meeting. The Secretary (or in the Secretary’s absence or inability to act, the person whom the Chairman of the meeting shall appoint secretary of the meeting) shall act as secretary of the meeting and keep the minutes thereof.

2.9. Order of Business

The order of business at all meetings of stockholders shall be as determined by the Chairman of the meeting.

2.10. Notice of Nominations and Stockholder Business

a) Annual Meetings of Stockholders.

(i)

Nominations of persons for election to the Board of Directors of the Corporation or the proposal of other business to be transacted by the stockholders at an annual meeting of stockholders may be made only (A) pursuant to the Corporation’s notice of meeting (or any supplement thereto), (B) by or at the direction of the Board of Directors or any committee thereof or (C) by any stockholder of the Corporation who is a stockholder of record at the time of giving of notice provided for in this Section 2.10(a) and at the time of the annual meeting, who shall be entitled to vote at the meeting and who complies with the procedures set forth in this Section 2.10(a).

(ii)

For nominations or other business to be properly brought before an annual meeting of stockholders by a stockholder pursuant to clause (i)(C) of paragraph (i) of this Section 2.10(a), the Stockholder must have given timely notice thereof in writing to the Secretary of the Corporation, and any such proposed business (other than the nominations of persons for election to the Board of Directors) must constitute a proper matter for stockholder action. To be timely, a stockholder’s notice shall be delivered to, or mailed and received by, the Secretary of the Corporation at the principal executive offices of the Corporation not less than 90 days nor more than 120 days prior to the first anniversary of the preceding year’s annual meeting of stockholders; provided, however, that in the event that the date of the annual meeting is advanced more than 30 days prior to such anniversary date or delayed more than 70 days after such anniversary date than to be timely such notice must be received by the Corporation no earlier than 120 days prior to such annual meeting and no later than the later of 70 days prior to the date of the meeting or the 10th day following the day on which public announcement of the date of the meeting was first made by the Corporation. In no event shall the public announcement of an adjournment or postponement of an annual meeting commence a new time period (or extend any time period) for the giving of a stockholder’s notice as described above.

Bylaws of Hoop Street Center I Corporation Page 4 of 18

(iii) A stockholder’s notice to the Secretary shall set forth (A) as to each person whom the Stockholder proposes to nominate for election or reelection as a director all information relating to such person that is required to be disclosed in solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including such person’s written consent to being named in the proxy statement as a nominee and to serving as a director if elected, (B) as to any other business that the Stockholder proposes to bring before the meeting, a brief description of the business desired to be brought before the meeting, the text of the proposal or business (including the text of any resolutions proposed for consideration and in the event that such business includes a proposal to amend these bylaws, the text of the proposed amendment), the reasons for conducting such business and any material interest in such business of such Stockholder and the Stockholder Associated Person (as defined below), if any, on whose behalf the proposal is made and (C) as to the Stockholder giving the notice and the Stockholder Associated Person, if any, on whose behalf the proposal is made:

(1)	the name and address of such Stockholder (as they appear on the Corporation’s books) and any such Stockholder Associated Person;
(2)	the class or series and number of shares of capital stock of the Corporation which are held of record or are beneficially owned by such Stockholder and by any such Stockholder Associated Person;
(3)	a description of any agreement, arrangement or understanding between or among such Stockholder and any such Stockholder Associated Person, any of their respective affiliates or associates, and any other person or persons (including their names) in connection with the proposal of such nomination or other business;

Bylaws of Hoop Street Center I Corporation Page 5 of 18

(4)	a description of any agreement, arrangement, or understanding (including, regardless of the form of settlement, any derivative, long or short positions, profit interests, forwards, futures, swaps, options, warrants, convertible securities, stock appreciation, or similar rights, hedging transactions and borrowed or loaned shares) that has been entered into by or on behalf of, or any other agreement, arrangement or understanding that has been made, the effect or intent of which is to create or mitigate the loss to, manage risk or benefit of share price changes for, or increase or decrease the voting power of, such Stockholder or any such Stockholder Associated Person or any such nominee with respect to the Corporation’s securities;
(5)	a representation that the Stockholder is a holder of record of stock of the Corporation entitled to vote at such meeting and intends to appear in person or by proxy at the meeting to bring such nomination or other business before the meeting; and
(6)	a representation as to whether such Stockholder or any such Stockholder Associated Person intends or is part of a group that intends to (i) deliver a proxy statement and/or form of proxy to holders of at least the percentage of the voting power of the Corporation’s outstanding capital stock required to approve or adopt the proposal or to elect each such nominee and/or (ii) otherwise to solicit proxies from stockholders in support of such proposal or nomination.

(b) Special Meetings of Stockholders. If the election of directors is included as business to be brought before a special meeting in the Corporation’s notice of a meeting, then nominations of persons for election to the Board of Directors of the Corporation at a special meeting of stockholders may be made by any stockholder who is a stockholder of record at the time of giving of notice provided for in this Section 2.10(b) and at the time of the special meeting, who shall be entitled to vote at the meeting and who complies with the procedures set forth in this Section 2.10(b). For nominations to be properly brought by a stockholder before a special meeting of stockholders pursuant to this Section 2.10(b), the Stockholder must have given timely notice thereof in writing to the Secretary of the Corporation. To be timely, a stockholder’s notice shall be delivered to or mailed and received at the principal executive offices of the Corporation (A) not earlier than 120 days prior to the date of the special meeting nor (B) later than the later of 90 days prior to the date of the special meeting or the 10th day following the day on which public announcement of the date of the special meeting was first made. A stockholder’s notice to the Secretary shall comply with the notice requirements of Section 2.10(a)(iii)

Bylaws of Hoop Street Center I Corporation Page 6 of 18

ARTICLE 3

BOARD OF DIRECTORS

3.1. General Powers and Qualifications of Directors

The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors. In addition to the powers and authorities these Bylaws expressly confer upon them, the Board of Directors may exercise all such powers of the Corporation and do all such lawful acts, and things as are not by the BCA or by the Certificate of Incorporation or by these Bylaws required to be exercised or done by the stockholders. Directors need not be stockholders of the Corporation to be qualified for election or service as a director of the Corporation.

3.2. Number

Subject to the Certificate of Incorporation, the total number of directors constituting the entire Board of Directors shall be fixed from time to time solely by resolutions adopted by a majority of the directors then in office.

3.3. Removal; Resignation

Directors may only be removed as set forth in the Certificate of Incorporation. Any director may resign at any time upon notice given in writing, including by electronic transmission, to the Corporation. Such resignation shall take effect at the time specified therein or, if the time is not specified, upon receipt thereof. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

3.4. Regular Meetings

Regular meetings of the Board of Directors shall be held at such places (if any), within or outside the State of Arizona, on the date and at the time as shall have been established by the Board of Directors and publicized among all directors. A notice of a regular meeting, the date of which has been so publicized, shall not be required.

3.5. Special Meetings

Special meetings of the Board of Directors may be called by the Chairman of the Board of Directors, the Chief Executive Officer, the President or by two or more directors then in office, and shall be held at the place, if any, on the date and at the time as he, she or they shall fix. Notice of the place, if any, date and time of each special meeting shall be given to each director not less than twenty-four hours before the meeting. Any and all business may be transacted at a special meeting of the Board of Directors.

Bylaws of Hoop Street Center I Corporation Page 7 of 18

3.6. Committees

The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation. The Board may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority in reference to the following matters: (a) approving or adopting, or recommending to the stockholders, any action or matter expressly required by Arizona Law to be submitted to the stockholders for approval or (b) adopting, amending or repealing any bylaw of the Corporation. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required.

3.7. Quorum; Vote Required for Action

At any meeting of the Board of Directors, a majority of the total number of directors then in office shall constitute a quorum for all purposes. If a quorum fails to attend any meeting, a majority of those present may adjourn or recess the meeting to another place, if any, date or time, without further notice or waiver thereof. Except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, a majority of directors present at a meeting at which a quorum is present shall be the act of the Board of Directors.

3.8. Telephone Meetings

Members of the Board of Directors, or of any committee thereof, may participate in a meeting of the Board of Directors or committee thereof by means of conference telephone or other communications equipment by means of which all directors participating in the meeting can hear each other director, and such participation shall constitute presence in person at the meeting.

Bylaws of Hoop Street Center I Corporation Page 8 of 18

3.9. Conduct of Business; Action by Written Consent

At any meeting of the Board of Directors or any committee thereof, business shall be transacted in the order and manner that the Board of Directors may, from time to time determine. The Board of Directors or any committee thereof may take action without a meeting if all members thereof consent thereto in writing or by electronic transmission, and the writing or writings, or electronic transmission or electronic transmissions, are filed with the minutes of proceedings of the Board of Directors or any committee thereof.

3.10. Compensation of Directors

The Board of Directors shall be authorized to fix the compensation of directors. The directors of the Corporation shall be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors, paid an annual retainer, or paid other compensation, including equity compensation, as the Board of Directors determines. No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. Members of committees shall have their expenses, if any, of attendance of each meeting of such committee reimbursed and may be paid compensation for attending committee meetings or being a member of a committee.

ARTICLE 4

OFFICERS

4.1. Generally

The officers of the Corporation shall be chosen by the Board of Directors and shall be a Chairman of the Board of Directors, a Chief Executive Officer, a Chief Financial Officer, one or more Vice Presidents, and a Secretary. The Board of Directors may also designate as officers a President, one or more Assistant Secretaries, a Treasurer, one or more Assistant Treasurers, and such other officers and agents as it shall deem necessary. Each officer shall hold office until his or her term as specified hereunder or until his or her earlier resignation or removal. Any number of offices may be held by the same person. The compensation of officers appointed by the Board of Directors shall be determined from time to time by the Board of Directors or a committee thereof or by the officers as may be designated by resolution of the Board of Directors.

4.2. Chairman of the Board

The Chairman of the Board of Directors shall preside at all meetings of the Board of Directors and shall have such other powers and duties as may from time to time be assigned by the Board of Directors.

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4.3. Chief Executive Officer

(a)

The Chief Executive Officer shall have, subject to the supervision, direction, and control of the Board of Directors, the general powers and duties of supervision, direction, and management of the business and affairs of the Corporation, including, without limitation, all powers necessary to direct and control the organizational and reporting relationships within the Corporation. The Chief Executive Officer shall see that all orders and resolutions of the Board of Directors are carried into effect. In addition, the Chief Executive Officer shall have such other powers and perform such other duties as may be delegated to him or her by the Board of Directors or as are set forth in the Certificate of Incorporation or these Bylaws. If the Board of Directors has not elected or appointed a President or the office of the President is otherwise vacant, and no officer otherwise functions with the powers and duties of the President, then, unless otherwise determined by the Board of Directors, the Chief Executive Officer shall also have all the powers and duties of the President.

(b)

The Chief Executive Officer shall be appointed for a four-year term, subject to the termination provisions of Article 4.9. The employment term of the Chief Executive Officer shall automatically renew for a four-year term, unless; (i) the Board of Directors deliver a written notice of non-renewal at least sixty (60) days before the expiration of the initial term; (ii) it is terminated sooner pursuant to the terms of the Bylaws; (iii) the Chief Executive Officer delivers written notice of resignation to the Board of Directors. Thereafter, the term will be automatically renewed for successive four-year terms under the same condition.

4.4. President

The President, if there is such an officer and the Board of Directors so directs, shall serve as chief operating officer and have the powers, duties, and term customarily and usually associated with the office of chief operating officer unless the Board of Directors provides for another officer to serve as chief operating officer (or to have the powers and duties of chief operating officer). The President shall have such other powers and perform such other duties as may be delegated to him or her from time to time by the Board of Directors or the Chief Executive Officer. If the Board of Directors has not elected or appointed a Chief Executive Officer or the office of Chief Executive Officer is otherwise vacant, then, unless otherwise determined by the Board of Directors, the President shall also have all the powers and duties of the Chief Executive Officer.

Bylaws of Hoop Street Center I Corporation Page 10 of 18

4.5. Vice President

Each Vice President shall have the powers and duties delegated to him or her by the Board of Directors, the Chief Executive Officer, or his or her superior officer.

4.6. Secretary and Assistant Secretaries

The Secretary shall issue all authorized notices for and shall keep minutes of all meetings of the stockholders and the Board of Directors. He or she shall have charge of the corporate books and shall perform other duties as the Board of Directors may from time to time prescribe.

Any Assistant Secretary, if there is such an officer, shall perform such duties and possess such powers as the Board of Directors, the Chief Executive Officer, the President or the Secretary may from time to time prescribe. In the event of the absence, inability, or refusal to act of the Secretary, the Assistant Secretary (or if there shall be more than one, the Assistant Secretaries in the order determined by the Board of Directors), shall perform the duties and exercise the powers of the Secretary.

4.7. Chief Financial Officer, Treasurer and Assistant Treasurers

(a)

The Chief Financial Officer shall keep or cause to be kept the books of account of the Corporation in a thorough and proper manner and shall render statements of the financial affairs of the Corporation in such form and as often as required by the Board of Directors, the Chief Executive Officer or the President. The Chief Financial Officer shall perform other duties commonly incident to such office and shall also perform such other duties and have such other powers as the Board of Directors, the Chief Executive Officer or the President shall designate from time to time. The Chief Executive Officer or President may direct the Treasurer or any Assistant Treasurer, if there is such an officer, to assume and perform the duties of the Chief Financial Officer in the absence or disability of the Chief Financial Officer, and each Treasurer and Assistant Treasurer shall perform other duties commonly incident to such office and shall also perform such other duties and have such other powers as the Board of Directors, the Chief Executive Officer or the President shall designate from time to time.

(b)

The Chief Financial Officer shall be appointed for a four-year term, subject to the termination provisions of Article 4.9. The employment term of the Chief Financial Officer shall automatically renew for a four-year term, unless; (i) the Board of Directors deliver a written notice of non-renewal at least sixty (60) days before expiration of the initial term; (ii) it is terminated sooner pursuant to the terms of the Bylaws; (iii) the Chief Financial Officer delivers written notice of resignation to the Board of Directors. Thereafter, the term will be automatically renewed for successive four-year terms under the same condition.

Bylaws of Hoop Street Center I Corporation Page 11 of 18

4.8. Delegation of Authority

The Board of Directors may from time to time delegate the powers or duties of any officer to any other officer or agent, notwithstanding any provision hereof.

4.9. Removal

The Board of Directors may remove any officer of the Corporation at any time, with or without cause.

4.10. Appointing Attorneys and Agents; Voting Securities of Other Entities

Unless otherwise provided by resolution adopted by the Board of Directors, the Chairman of the Board, the Chief Executive Officer or any Vice President may from time to time appoint an attorney or attorneys or agent or agents of the Corporation, in the name and on behalf of the Corporation, to cast the votes which the Corporation may be entitled to cast as the holder of stock or other securities in any other corporation or other entity, any of whose stock or other securities may be held by the Corporation, at meetings of the holders of the stock or other securities of such other corporation or other entity, or to consent in writing, in the name of the Corporation as such holder, to any action by such other corporation or other entity, and may instruct the person or persons so appointed as to the manner of casting such votes or giving such consents, and may execute or cause to be executed in the name and on behalf of the Corporation and under its corporate seal or otherwise, all such written proxies or other instruments as he or she may deem necessary or proper. Any of the rights set forth in this Article 4.10, which may be delegated to an attorney or agent, may also be exercised directly by the Chairman of the Board, the Chief Executive Officer or the Vice President.

4.11. Additional Matters

The Chief Executive Officer, the President, and the Chief Financial Officer of the Corporation shall have the authority to designate employees of the Corporation to have the title of Vice President, Assistant Vice President, Assistant Treasurer or Assistant Secretary. Any employee so designated shall have the powers and duties determined by the officer making such designation. The persons upon whom such titles are conferred shall not be deemed officers of the Corporation unless elected by the Board of Directors.

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ARTICLE 5

CAPITAL STOCK

5.1. Certificates of Stock; Uncertificated Shares

The shares of the Corporation shall be represented by certificates, provided that the Board of Directors of the Corporation may provide by resolution or resolutions that some or all of any or all classes or series of its stock shall be uncertificated shares. Any such resolution shall not apply to shares represented by a certificate until such certificate is surrendered to the Corporation. Except as otherwise provided by law, the rights and obligations of the holders of uncertificated shares and the rights and obligations of the holders of shares represented by certificates of the same class and series shall be identical. Every holder of stock represented by certificates shall be entitled to have a certificate signed by, or in the name of the Corporation by the Chairman or Vice-Chairman of the Board of Directors, or the President or Vice President, and by the Chief Financial Officer, Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of such Corporation representing the number of shares registered in certificate form. Any or all of the signatures on the certificate may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent, or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if such person were such officer, transfer agent or registrar at the date of issue. A Corporation shall not have power to issue a certificate in bearer form.

5.2 Authorized Capital Stock

The total number of all classes of capital stock which the Company is authorized to issue is 4,000,000 shares, consisting of 3,000,000 shares of common stock, at no par value (the “Common Stock”), and 1,000,000 shares of preferred stock, at no par value (the “Preferred Stock,” and together with the Common Stock, the “Shares”).

(a)	Common Stock: Each share of Common Stock shall be entitled to one (1) vote on each matter properly submitted to the stockholders on which the Common Stockholders are entitled to vote.
(b)	Preferred Stock: Each share of Preferred Stock shall not be entitled to vote on any matter submitted to the stockholders.

The dividend on the Shares shall be an amount not less than five pecent (5%) and more than twenty-five (25%) of par alue, as determined by the Board of Directors.

Bylaws of Hoop Street Center I Corporation Page 13 of 18

If any dividend on preferred shares cannot be paid from the profit of the fisal year concerned, then the holder of such preferred shares shall have the right of preference to recive accumulate dividen upiad for such year at tht tine of distribution of dividends on preferred to accumate dividneds unpaid for such year (amended).

In case the Company issues new shars by opaid in capital increase and shall be there shars

5.3. Transfer of Shares

Shares of the Corporation may be transferred on the record of stockholders of the Corporation by the holder thereof or by such holder’s duly authorized attorney upon surrender of a certificate therefore properly endorsed or upon receipt of proper transfer instructions from the registered holder of uncertificated shares or by such holder’s duly authorized attorney and upon compliance with appropriate procedures for transferring shares in uncertificated form unless waived by the Corporation.

5.4. Conversion Rights

(b) The Holder of Preferred Stock shall not be convertible into any other class of shares in the Company.

5.5. Preemptive Rights

(a)	The Holder of Common Stock Shareholders shall have the right to purchase a pro-rata share of new securities that the Company may, from time to time, propose to sell and issue.
(b)	The Holder of Preferred Stock Shareholders shall have no preemptive or other rights.

5.6. Authority for Additional Rules Regarding Transfer

The Board of Directors shall have the power and authority to make all such rules and regulations as they may deem expedient concerning the issue, transfer, and registration of certificated or uncertificated shares of the stock of the Corporation, as well as for the issuance of new certificates in lieu of those which may be lost or destroyed and may require of any stockholder requesting replacement of lost or destroyed certificates, bond in such amount and in such form as they may deem expedient to indemnify the Corporation, and/or the transfer agents, and/or the registrars of its stock against any claims arising in connection therewith.

5.7. Corporation’s Right of First Refusal

Before any stock of the Corporation held by directors, founders, executives, stockholders may be sold or otherwise transferred (including transfer by gift or operation of law), the Corporation or its assignee(s) shall have a right of first refusal to purchase such Shares on terms and conditions mutually agreed upon the parties.

Bylaws of Hoop Street Center I Corporation Page 14 of 18

5.8. Redemption

The Common Stock may be redeemed with profits to be distributed to holder of such stock by a resolution of the Board of Directors.

The Preferred Stock shall not be redeemable.

5.9. Liquidation Preference

In the event of any liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary, the holder of the Preferred Stock shall be entitled to receive, prior preference to any distribution of any of the assets or surplus funds of the Company of the holders of the Common Stock.

After the payment has been made to the holders of Preferred Stock of the respective amounts to which they shall be entitled, the remaining assets of the Company available for distribution to stockholders shall be distributed among the holders of the Common Stock of the Company in the same ratio as the number of shares of Common Stock owned by each such holder bears the total of shares of Common Stock then outstanding.

ARTICLE 6

GENERAL PROVISIONS

6.1. Fixing the Record Date

(a) In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than 60 nor less than 10 days before the date of such meeting. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided that the Board of Directors may fix a new record date for the adjourned meeting.

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(b)

In order that the Corporation may determine the stockholders entitled to consent to corporate action in writing without a meeting, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which date shall not be more than 10 days after the date upon which the resolution fixing the record date is adopted by the Board of Directors. If no record date has been fixed by the Board of Directors, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by the BCA, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the Corporation by delivery to its registered office in Arizona, its principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation’s registered office shall be by hand or by certified or registered mail, return receipt requested. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by the BCA, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action.

(c)

In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be no more than 60 days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.

6.2. Liability of Board, Officers, and Employees

It is the intent of the Corporation to provide the broadest possible immunity from personal liability to each board of director, officer, and employee of the Corporation allowed by applicable laws of the State of Arizona including, but not limited to, the Governmental Immunity Act, the Corporation Code, and the Insurance Code, as amended from time to time. The Corporation shall defend and indemnify the board of directors, officer, and employees of the Corporation against any and all expense, including attorney fee and liability expenses, sustained by them or any of them in connection with any suit or suits which may be brought against them involving or pertaining to any of their acts or duties to the fullest extent allowed by the laws of the State of Arizona. The Corporation shall purchase liability or other appropriate insurance providing coverage for the directors, officers, and employees of the Corporation. Nothing herein shall be deemed to prevent compromises of any litigation where the compromise is deemed advisable in order to prevent expense or cost in the defense or prosecution of such litigation.

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6.3. Dividends

Subject to limitations contained in the BCA and the certificate of incorporation, the Board of Directors may declare and pay dividends upon the shares of capital stock of the Corporation, which dividends may be paid either in cash, in property, or in shares of the capital stock of the Corporation.

6.4 Liquidation; Dissolution

In case of the voluntary or involuntary dissolution, liquidation, or winding up of the Corporation (other than in connection with reorganization, consolidation, merger, or other transaction) is at any time proposed; the Corporation shall give at least thirty days prior written notice to the Stockholder. Such notice shall contain: (a) the date on which the transaction is to take place; (b) the record date (which shall be at least thirty (30) days after the giving of the notice) as of which holders of Common Stock will be entitled to receive distributions as a result of the transaction; (c) a brief description of the transaction, (d) a brief description of the distributions to be made to holders of Common Stock as a result of the transaction; and (e) an estimate of the fair value of the distributions. On the date of the transaction, if it actually occurs, these Bylaws and all rights under these Byways shall terminate.

6.5. Benefits Plans

The Board of Directors, Executive Officers, and other Officers shall participate fully in all insurance, pension, deferred compensation, stock, and stock option, stock purchase or similar compensation and benefit plans and programs as the Corporation may introduce from time to time.

6.6. Year

Except as otherwise determined by the Board of Directors, the fiscal year of the Corporation shall commence on January 1 and end on December 31 of each year.

6.7. No Corporate Seal

The Corporation will not have a corporate seal.

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6.8. Voting of Stock Owned by the Corporation

The Board of Directors may authorize any person, on behalf of the Corporation, to attend, vote at, and grant proxies to be used at any meeting of stockholders of any corporation (except this Corporation) in which the Corporation may hold stock.

6.9. Amendments

These bylaws or any of them may be altered, amended, or repealed, or new bylaws may be made by the stockholders entitled to vote thereon at any annual or special meeting thereof or by the Board of Directors. Unless a higher percentage is required by the certificate of incorporation as to any matter that is the subject of these bylaws, all such amendments must be approved by the affirmative vote of the holders of not less than seventy-five percent (75%) of the total voting power of all outstanding securities of the Corporation then entitled to vote generally in the election of directors, voting together as a single class, or by a majority of the Board of Directors.

The undersigned hereby certifies that he/she is the duly elected, qualified, and acting Secretary of Hoop Street Center I Corporation, an Arizona Corporation, and that the foregoing bylaws, comprising [-] pages, were executed on__ day of ______, 2020 by its Board of Directors.

HOOP STREET CENTER I CORP.

[NAME]

[General Secretary]

Bylaws of Hoop Street Center I Corporation Page 18 of 18

EX1A-1 UNDR AGMT

Exhibit D

SUBSCRIPTION AGREEMENT

THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES OR BLUE SKY LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND STATE SECURITIES OR BLUE SKY LAWS. ALTHOUGH AN OFFERING STATEMENT HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”), THAT OFFERING STATEMENT DOES NOT INCLUDE THE SAME INFORMATION THAT WOULD BE INCLUDED IN A REGISTRATION STATEMENT UNDER THE ACT. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON THE MERITS OF THIS OFFERING OR THE ADEQUACY OR ACCURACY OF THE SUBSCRIPTION AGREEMENT OR ANY OTHER MATERIALS OR INFORMATION MADE AVAILABLE TO SUBSCRIBER IN CONNECTION WITH THIS OFFERING OVER THE WEBSITE (WWW.HOOPSTREET.COM) MAINTAINED BY HOOP STREET, LLC (THE “WEBSITE”) ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

INVESTORS WHO ARE NOT “ACCREDITED INVESTORS” (AS THAT TERM IS DEFINED IN SECTION 501 OF REGULATION D PROMULGATED UNDER THE ACT) ARE SUBJECT TO LIMITATIONS ON THE AMOUNT THEY MAY INVEST, AS SET OUT IN SECTION 4. THE COMPANY IS RELYING ON THE REPRESENTATIONS AND WARRANTIES SET FORTH BY EACH SUBSCRIBER IN THIS SUBSCRIPTION AGREEMENT AND THE OTHER INFORMATION PROVIDED BY SUBSCRIBER IN CONNECTION WITH THIS OFFERING TO DETERMINE THE APPLICABILITY TO THIS OFFERING OF EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT”, AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

THE COMPANY MAY NOT BE OFFERING THE SECURITIES IN EVERY STATE. THE OFFERING MATERIALS DO NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE OR JURISDICTION IN WHICH THE SECURITIES ARE NOT BEING OFFERED.

THE COMPANY RESERVES THE RIGHT IN ITS SOLE DISCRETION AND FOR ANY REASON WHATSOEVER TO MODIFY, AMEND AND/OR WITHDRAW ALL OR A PORTION OF THE OFFERING AND/OR ACCEPT OR REJECT IN WHOLE OR IN PART ANY PROSPECTIVE INVESTMENT IN THE SECURITIES OR TO ALLOT TO ANY PROSPECTIVE INVESTOR LESS THAN THE AMOUNT OF SECURITIES SUCH INVESTOR DESIRES TO PURCHASE. EXCEPT AS OTHERWISE INDICATED, THE OFFERING MATERIALS SPEAK AS OF THEIR DATE. NEITHER THE DELIVERY NOR THE PURCHASE OF THE SECURITIES SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THAT DATE.

Hoop Street Center I Corporation

20715 S 184th Place,

Queen Creek,

AZ 85142

1. SUBSCRIPTION

1.1 The undersigned (“Subscriber”) hereby irrevocably subscribes for and agrees to purchase Preferred Stock (the “Securities”), of Hoop Street Center I Corporation, an Arizona Corporation (the “Company”), and at a purchase price of $50 per share (the Per Security Price”), upon the terms and conditions set forth herein. The minimum subscription is $50. The Preferred Stock being subscribed for under this Subscription Agreement and the Common Stock (“Common Stock”) issuable upon conversion of the Preferred Stock are also referred to as the “Securities.” The rights and preferences of the Preferred Stock are as set forth in Certificate of Incorporation included as Exhibit ___ to the Offering Statement of the Company filed with the SEC (the “Offering Statement”).

1.2 Subscriber understands that the Securities are being offered pursuant to an offering circular dated April 6, 2021 (the “Offering Circular”) filed with the SEC as part of the Offering Statement. By executing this Subscription Agreement, Subscriber acknowledges that Subscriber has received this Subscription Agreement, copies of the Offering Circular and Offering Statement including exhibits thereto and any other information required by the Subscriber to make an investment decision.

1.3 The Subscriber’s subscription may be accepted or rejected in whole or in part, at any time by the Company at its sole discretion. In addition, the Company, at its sole discretion, may allocate to Subscriber-only a portion of the number of Securities Subscriber has subscribed for. The Company will notify Subscriber whether this subscription is accepted (whether in whole or in part) or rejected. If Subscriber’s subscription is rejected, Subscriber’s payment (or portion thereof if partially rejected) will be returned to Subscriber without interest, and all of Subscriber’s obligations hereunder shall terminate.

1.4 The aggregate number of Securities sold shall not exceed 1,000,000 (the “Maximum Offering”). The Company may accept subscriptions until October 3, 2021, unless otherwise extended by the Company in its sole discretion in accordance with applicable SEC regulations for such other period required to sell the Maximum Offering (the “Termination Date”).

1.5 In the event of rejection of this subscription in its entirety, or in the event the sale of the Securities (or any portion thereof) is not consummated for any reason, this Subscription Agreement shall have no force or effect, except for Section 5 hereof, which shall remain in force and effect.

1.6 The terms of this Subscription Agreement shall be binding upon Subscriber and its transferees, heirs, successors and assigns (collectively, “Transferees”); provided that for any such transfer to be deemed effective, the Transferee shall have executed and delivered to the Company in advance an instrument in a form acceptable to the Company in its sole discretion, pursuant to which the proposed Transferee shall be acknowledged, agree, and be bound by the representations and warranties of Subscriber, terms of this Subscription Agreement.

2. PURCHASE PROCEDURE

2.1 Payment. The purchase price for the Securities shall be paid simultaneously with the execution and delivery to the Company of the signature page of this Subscription Agreement. Subscriber shall deliver a signed copy of this Subscription Agreement, along with payment for the aggregate purchase price of the Securities by check for available funds made payable to “Hoop Street Center I Corporation”, by ACH electronic transfer, wire transfer to an account designated by the Company, or by debit card or credit card and submit a signed copy of this Subscription Agreement electronically through (www.hoopstreet.com/investnow).

3. REPRESENTATION AND WARRANTIES OF THE COMPANY

3.1 The Company represents and warrants to Subscriber that the following representations and warranties are true and complete in all material respects. For purposes of this Agreement, an individual shall be deemed to have “knowledge” of a particular fact or other matter if such an individual is actually aware of such fact. The Company will be deemed to have “knowledge” of a particular fact or other matter if one of the Company’s current officers has, or at any time had, actual knowledge of such fact or other matter.

(a) Organization and Standing. The Company is a corporation duly formed, validly existing and in good standing under the laws of the State of Arizona. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

(b) Issuance of the Securities. The issuance, sale and delivery of the Securities in accordance with this Subscription Agreement has been duly authorized by all necessary corporate action on the part of the Company. The Securities, when so issued, sold and delivered against payment therefor in accordance with the provisions of this Subscription Agreement, will be duly and validly issued, fully paid and non-assessable. The Company hereby agrees that there shall be reserved for issuance and delivery upon conversion of the Preferred Stock such number of Common Stock into which such Securities shall then be convertible into.

(c) Authority for Agreement. The execution and delivery by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby (including the issuance, sale and delivery of the Securities) are within the Company’s powers and have been duly authorized by all necessary corporate action on the part of the Company. Upon full execution hereof, this Subscription Agreement shall constitute a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies and (iii) with respect to provisions relating to indemnification and contribution, as limited by considerations of public policy and by federal or state securities laws.

(d) No filings. Assuming the accuracy of the Subscriber’s representations and warranties set forth in Section 4 hereof, no order, license, consent, authorization or approval of, or exemption by, or action by or in respect of, or notice to, or filing or registration with, any governmental body, agency or official is required by or with respect to the Company in connection with the execution, delivery and performance by the Company of this Subscription Agreement except (i) for such filings as may be required under Regulation A or under any applicable state securities laws, (ii) for such other filings and approvals as have been made or obtained, or (iii) where the failure to obtain any such order, license, consent, authorization, approval or exemption or give any such notice or make any filing or registration would not have a material adverse effect on the ability of the Company to perform its obligations hereunder.

(e) Capitalization. The authorized and outstanding securities of the Company immediately prior to the initial investment in the Securities is as set forth “Securities Being Offered” in the Offering Circular. Except as set forth in the Offering Circular, there are no outstanding options, warrants, rights (including conversion or preemptive rights and rights of first refusal), or agreements of any kind (oral or written) for the purchase or acquisition from the Company of any of its securities.

(f) Proceeds. The Company shall use the proceeds from the issuance and sale of the Securities as set forth in “Use of Proceeds to issuer” in the Offering Circular.

(h) Litigation. Except as set forth in the Offering Circular, there is no pending action, suit, proceeding, arbitration, mediation, complaint, claim, charge or investigation before any court, arbitrator, mediator or governmental body, or to the Company’s knowledge, currently threatened in writing (a) against the Company or (b) against any consultant, officer, manager, director or key employee of the Company arising out of his or her consulting, employment or board relationship with the Company or that could otherwise materially impact the Company.

4. REPRESENTATION AND WARRANTIES OF SUBSCRIBER

4.1 By executing this Subscription Agreement, Subscriber (and, if Subscriber is purchasing the Securities subscribed for hereby in a fiduciary capacity, the person or persons for whom Subscriber is so purchasing) represents and warrants, which representations and warranties are true and complete in all material respects as of such Subscriber’s respective investment date:

(a) Requisite Power and Authority. Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement, the Operating Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (ii) as limited by general principles of equity that restrict the availability of equitable remedies.

(b) Investment Representations. Subscriber understands that the Securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”). Subscriber also understands that the Securities are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Subscriber’s representations contained in this Subscription Agreement.

(c) Illiquidity and Continued Economic Risk. Subscriber acknowledges and agrees that there is no ready public market for the Securities and that there is no guarantee that a market for their resale will ever exist. Subscriber must bear the economic risk of this investment indefinitely, and the Company has no obligation to list the Securities on any market or take any steps (including registration under the Securities Act or the Securities Exchange Act of 1934, as amended) with respect to facilitating trading or resale of the Securities. Subscriber acknowledges that Subscriber is able to bear the economic risk of losing Subscriber’s entire investment in the Securities. Subscriber also understands that an investment in the Company involves significant risks and has taken full cognizance of and understands all of the risk factors relating to the purchase of Securities.

(d) Accredited Investor Status or Investment Limits. Subscriber represents that either:

(i) Subscriber is an “accredited investor” within the meaning of Rule 501 of Regulation D under the Securities Act. Subscriber represents and warrants that the information set forth on the signature page hereto concerning Subscriber is true and correct; or

(ii) The purchase price set out in paragraph (b) of the signature page to this Subscription Agreement, together with any other amounts previously used to purchase Securities in this offering, does not exceed 10% of the greater of the Subscriber’s annual income or net worth.

Subscriber represents that to the extent it has any questions with respect to its status as an accredited investor or the application of the investment limits, it has sought professional advice.

(e) Shareholder information. Within five days after receipt of a request from the Company, the Subscriber hereby agrees to provide such information with respect to its status as a shareholder (or potential shareholder) and to execute and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is or may become subject. Subscriber further agrees that in the event it transfers any Securities, it will require the Transferee of such Securities to agree to provide such information to the Company as a condition of such transfer.

(f) Company Information. Subscriber understands that the Company is subject to all the risks that apply to early-stage companies, whether or not those risks are explicitly set out in the Offering Circular. Subscriber has had such opportunity as it deems necessary (which opportunity may have presented through online chat or commentary functions) to discuss the Company’s business, management and financial affairs with managers, officers and management of the Company. Subscriber has also had the opportunity to ask questions of and receive answers from the Company and its management regarding the terms and conditions of this investment. Subscriber acknowledges that except as set forth herein, no representations or warranties have been made to Subscriber, or to Subscriber’s advisors or representative, by the Company or others with respect to the business or prospects of the Company or its financial condition.

(g) Valuation. The Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company’s internal valuation, and no warranties are made as to value. The Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber’s investment will bear a lower valuation.

(h) No Brokerage Fees. There are no claims for brokerage commission, finders’ fees or similar compensation in connection with the transactions contemplated by this Subscription Agreement or related documents based on any arrangement or agreement binding upon Subscriber

(j) Foreign Investors. If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with an invitation to subscribe for the Securities or any use of this Subscription Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Securities, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. Subscriber’s subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber’s jurisdiction.

5. SURVIVAL OF REPRESENTATIONS AND INDEMNITY

5.1 The representations, warranties and covenants made by the Subscriber herein shall survive the Termination Date of this Agreement. The Subscriber agrees to indemnify and hold harmless the Company and its respective officers, directors and affiliates, and each other person, if any, who controls the Company within the meaning of Section 15 of the Securities Act against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all reasonable attorneys’ fees, including attorneys’ fees on appeal) and expenses reasonably incurred in investigating, preparing or defending against any false representation or warranty or breach of failure by the Subscriber to comply with any covenant or agreement made by the Subscriber herein or in any other document furnished by the Subscriber to any of the foregoing in connection with this transaction.

6. GOVERNING LAW; JURISDICTION

6.1 This Subscription Agreement shall be governed and construed in accordance with the laws of the State of Arizona.

7. NOTICES

7.1 Notice, requests, demands and other communications relating to this Subscription Agreement and the transactions contemplated herein shall be in writing and shall be deemed to have been duly given if and when (a) delivered personally, on the date of such delivery; or (b) mailed by registered or certified mail, postage prepaid, return receipt requested, in the third day after the posting thereof; or (c) emailed, telecopied or cabled, on the date of such delivery to the address of the respective parties as follows:

7.2 If to the Company, to:

Hoop Street Center I Corporation

Attn: Ernest Hemple

20715 S 184th Place,

Queen Creek, AZ 85142

Copy to:

Hoop Street Center I Corporation

Attn: Michael Olsen

20715 S 184th Place,

Queen Creek, AZ 85142

7.3 If to a Subscriber, to Subscriber’s address shown on the signature page hereto or to any such address as may be specified by written notice from time to time by the party entitled to receive such notice.

8. JURY TRIAL

8.1 Each party hereto hereby expressly waives any right to a trial by jury in any action or proceeding to enforce or defend any rights under this agreement or any other related document to which it is a party, or under any amendment, instrument, document or agreement delivered or which may in the future be delivered in connection therewith or arising from any relationship existing in connection with this agreement or any related transaction, and agrees that any such action or proceedings shall be tired before a court and not before a jury.

8. MISCELLANEOUS

8.1 All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identity of the person or persons or entity or entities may require.

8.2 This Subscription Agreement is not transferable or assignable by Subscriber.

8.3 The representations, warranties and agreements contained herein shall be deemed to be made by and be binding upon Subscriber and its heirs, executors, administrators and successors and shall inure to the benefit of the Company and its successors and assigns.

8.4 None of the provisions of this Subscription Agreement may be waived, changed or terminated orally or otherwise, except as specifically set forth herein or except by a writing signed by the Company and Subscriber.

8.5 In the event any part of this Subscription Agreement is found to be void or unenforceable, the remaining provisions are intended to be separable and binding with the same effect as if the void or unenforceable part were never the subject of Agreement.

8.6 The invalidity, illegality or unenforceability of one or more of the provisions of this Subscription Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Subscription Agreement in such jurisdiction or the validity, legality or enforceability of this Subscription Agreement, including any such provision, in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.

8.7 This Subscription Agreement supersedes all prior discussions and agreements between the parties with respect to the subject matter hereof and contains the sole and entire Agreement between the parties hereto with respect to the subject matter hereof.

8.8 The terms and provisions of this Subscription Agreement are intended solely for the benefit of each party hereto and their respective successors and assigns, and it is not the intention of the parties to confer, and no provision hereof shall confer, third-party beneficiary rights upon any other person.

8.9 The headings used in this Subscription Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof.

8.10 This Subscription Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

8.11 If any recapitalization or other transaction affecting the stock of the Company is effected, then any new, substituted or additional securities or other property which is distributed with respect to the Securities shall be immediately subject to this Subscription Agreement, to the same extent that the Securities, immediately prior thereto, shall have been covered by this Subscription Agreement.

8.12 No failure or delay by any party in exercising any right, power or privilege under this Subscription Agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

9. CERTIFICATION

9.1 THE SUBSCRIBER CERTIFIES THAT HE/SHE HAS READ THIS ENTIRE SUBSCRIPTION AGREEMENT AND THAT EVERY STATEMENT MADE BY THE SUBSCRIBER HEREIN IS TRUE AND COMPLETE.

SUBSCRIBER SIGNATURE

The undersigned, desiring to subscribe for the number of Securities of Hoop Street Center I Corporation (the “Company) as is set forth below, acknowledges that he/she has received and understands the terms and conditions of the Subscription Agreement attached hereto and that he/she does hereby agree to all the terms and conditions contained therein.

IN WITNESS WHEREOF, the undersigned has hereby executed this Subscription Agreement as of the date set forth below.

Number of Securities	________
x $50.00 Per Share	________
Total Amount of Subscription
Exact name of Subscriber	________
Signature of Subscriber	________
Date	________
Residence or Mailing Address	________
	Business:
Telephone Numbers	Home:
	Mobile:
Social Security or Taxpayer	________
	☐ ACH
	☐ Check
Payment Method	☐ Credit Card
	☐ Debit Card
	☐ Wire Transfer

EX1A-1 UNDR AGMT

Exhibit E

MANAGEMENT SERVICES AGREEMENT

This Management Services Agreement (“Agreement”) is entered into this ___ day of ____, 2020 by and between Hoop Street Center I Corporation, an Arizona corporation with a principal place of business at 20715 S 184th Place, Queen Creek, AZ 85142 (“Hoop Street Center I”) and Hoop Street, LLC., an Arizona limited liability company with a principal place of business at 20715 S 184th Place, Queen Creek, AZ 85142 (“Manager”)

WHEREAS, Hoop Street Center I is a corporation incorporated to develop, own and operate a basketball entertainment and hospitality business; and

WHEREAS, Manager is in the business of developing, managing, and operating basketball entertainment and hospitality businesses; and

WHEREAS, Manager plans the formation of other similar subsidiary corporations like Hoop Street Center I, and plans, therefore, to enter into similar agreements with such entities, and should the formation of other similar subsidiaries by Manager occur, these entities are anticipated to reduce in part the amount of funds paid from Hoop Street Center I to Manager; and

WHEREAS, Hoop Street Center I wishes to retain Manager of the Hoop Street Center I, to manage the business and affairs of Hoop Street Center I in accordance with the terms and conditions of this Agreement, its Bylaws, and applicable state law.

NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. INCORPORATION OF RECITALS

1.1 The Recitals are hereby incorporated in and made a part of the Agreement.

2. ENGAGEMENT OF MANGER

2.1 Hoop Street Center I hereby engages Manager to supervise, direct and control the acquisition, development, management, operation and promotion of Hoop Street Center I’s locations, which includes, but is not limited to, the exclusive authority to direct, supervise, manage, and operate the basketball entertainment and hospitality business on a day-to-day basis.

3. MANAGER’S RESPONSIBILITIES AND AUTHORITY

3.1 In connection with the duties assumed or assigned hereunder, Manager shall supervise the operations at Hoop Street Center I’s location consistent and in accordance with the terms and conditions of this Agreement. Manager’s authority, obligations and responsibilities include, but are not limited to, the following:

(a) Manager may negotiate, execute and deliver on behalf of Hoop Street Center I such agreements, certificates, deeds, deeds of trust, notes, leases, security agreement, contracts for sale, and other documents as it deems necessary and appropriate in its sole discretion to give effect to any conveyance, leases debt obligations and security, therefore, and to procure real estate, labor, materials, or service including without limitation, the service of professionals.

(b) Manager shall determine and implement all personnel policies relating to Hoop Street Center I’s locations, including policies and practices relating to terms and conditions of employment, screening, selection, training, supervision, compensation, bonuses benefit plan, discipline, discharge and replacement for all personnel.

(c) Manager shall purchase the following insurance on behalf of Hoop Street Center I as necessary in Manager’s sole discretion: (i) for each Hoop Street Center I location, property insurance on contents as well as improvements and betterments, if necessary; (ii) general liability insurance for premises and operations; (iii) workers compensation and employer’s liability insurance; (vi) directors and officers liability insurance; and (vii) group medical, life, accidental death and dismemberment and long-term disability insurance for Hoop Street Center I employees in accordance with the human resource policies developed by Manager.

(d) Manager shall prepare such budgets and periodic reports for Hoop Street Center I as it deems necessary and appropriate, and Manager shall provide such budgets and reports to the shareholder of Hoop Street Center I. If Hoop Street Center I is required to have an annual audit, Manager shall coordinate such audit at Hoop Street Center I’s expense.

(e) Manager shall coordinate, at Hoop Street Center I’s expenses, the timely filing of all tax returns under applicable state and federal laws.

(f) Manager shall hold meetings of directors and shareholders in person or via conference call as necessary for required or may request that action be taken by written consent; provided, however, that Manager shall act in accordance with the Hoop Street Center I’s Bylaws and applicable laws and regulations in doing so.

(g) Managers shall license to Hoop Street Center I, the intellectual property and business concepts and design necessary to develop “Hoop Street” basketball entertainment and hospitality business on the locations Hoop Street Center I acquires. Hoop Street Center I will receive a nonexclusive license for all intellectual property rights needed for a “Hoop Street” business for no charge, or if a charge is required, then at all nominal charge from Manager; provided, however, any intellectual property or business concept expenses related to the acquisition, creation, or development such “Hoop Street” intellectual property, including but not limited to acquisition, creation or development for such “Hoop Street” intellectual property, including but not limited to the name, interior design of locations, or staff training, shall be paid by Manager and allocated to the managed corporations, including Hoop Street 1, pursuant to Section 5 below.

(h) Manager may perform all other acts as may be necessary or appropriate to conduct Hoop Street Center I’s business, subject to all conditions and limitations set forth in the Hoop Street Center I’s Bylaws.

4. TERMS AND TERMINATION

4.1 The initial term of this Agreement is ten (10) years, which shall automatically renew for an additional ten (10) years terms. Either party has the right to terminate this Agreement with written notice at least 180 days prior to the end of the current term.

5. MANAGEMENT REIMBURSEMENT EXPENSES

5.1 Hoop Street Center I shall pay Managers a monthly management expense reimbursement payment (“Management Payment”) in United States Dollars at the place for giving of notice of Manager, or to such other place as Manager shall designate that shall be due and payable on the 30th day after the end of each respective month. The Management Payment is calculated as follows:

(a) Hoop Street Center I will incur direct and indirect capitalized costs and overhead expenses. Direct capitalized costs and overhead expenses will be paid by Hoop Street Center I directly, but indirect capital costs and overhead expenses will be paid by Manager and then reimbursed by Hoop Street Center I, as follows:

(i) Capitalized costs that are exclusive to Hoop Street Center I and paid by Manager will be reimbursed in full by Hoop Street Center I. Such costs would include architectural, engineering, land, zoning and other costs directly related to assets belonging to Hoop Street Center I.

(ii) Capitalized costs that are to be shared amongst Hoop Street Center I and other active subsidiaries managed by Manager will be reimbursed pro-rata based upon the number of active subsidiaries (an active subsidiary is defined as one that has received SEC Qualification for its Reg A Plus offering and has commenced fundraising. Thereafter it is considered active). Manager reserves the right to defer the collection of reimbursements from Hoop Street Center I and/or other subsidiaries if it determines that such reimbursements should be shared amongst more or all of its planned subsidiaries. Such costs would include concept design common to all of Manager’s subsidiaries, intellectual properties, technology and other costs related to all of Manager’s subsidiaries and their assets.

(b) Overhead expenses will be fully reimbursed pro-rata to Manager by those subsidiaries that are active at the time such expenses are incurred.

6. COMPLIANCE

6.1 Manager shall perform its duties hereunder in compliance with all applicable state and federal laws and regulations.

7. ASSIGNMENT

7.1 This Agreement is not assignable by either party hereto without the prior written consent of the other party. The terms, promises, covenants and agreements contained in this Agreement shall apply to, be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns.

8. NON-WAIVER

8.1 Failure of either party to enforce any provision of this Agreement shall not operate or be construed as a waiver of any such provision or provisions, nor prevent such party from thereafter enforcing any of its rights with respect to other or further violations of the Agreement.

9. ENTIRETY

9.1 This Agreement constitutes the entire agreement between the parties with respect to the subject matter contained herein, and it supersedes all prior written or oral agreements and undertakings with respect to such subject matter. This Agreement may be modified only by a writing signed by both parties to this Agreement.

10. GOVERNING LAW

10.1 This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona.

11. NOTICE

11.1 All notices, requests, demands, payments and other communications hereunder shall be deemed to have been duly given if sent in writing, by hand delivery or certified mail, to the address set forth in the preamble hereof, or to such other address as may be given to the other party in writing. Notice of change of address shall be effective only upon receipt

The Parties hereto have executed this Management Service Agreement as of the date set forth above.

Hoop Street Center I Corporation, An Arizona corporation.

Ernest Hemple

President

Hoop Street, LLC., an Arizona limited liability company.

Ernest Hemple

Founding Member

ADD EXHB

Exhibit F

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of:

Hoop Street Center 1 Corporation.

We consent to the inclusion in the forgoing Registration Statement of Hoop Street Center 1 Corporation (the “Company”) to the Form 1-A of our report dated January 26, 2021 relating to our audit of the balance sheet as of December 31, 2020, and statement of operations, stockholders’ equity and cash flows for the period from September 21, 2020 (inception) to December 31, 2020.

We also consent to the reference to us under the caption “Experts” in the Registration Statement.

Margate, Florida

February 17, 2021

ASSURANCE DIMENSIONS CERTIFIED PUBLIC ACCOUNTANTS & ASSOCIATES

also d/b/a McNAMARA and ASSOCIATES, PLLC

TAMPA BAY: 4920 W Cypress Street, Suite 102 | Tampa, FL 33607 | Office: 813.443.5048 | Fax: 813.443.5053

JACKSONVILLE: 4720 Salisbury Road, Suite 223 | Jacksonville, FL 32256 | Office: 888.410.2323 | Fax: 813.443.5053

ORLANDO: 1800 Pembrook Drive, Suite 300 | Orlando, FL 32810 | Office: 888.410.2323 | Fax: 813.443.5053

SOUTH FLORIDA: 2000 Banks Road, Suite 218 | Margate, FL 33063 | Office: 754.800.3400 | Fax: 813.443.5053 www.assurancedimensions.com

EX1A-2A CHARTER

Exhibit G 

Adam Wardel

December 16, 2020

Ernest Hemple

Chief Executive Officer

Hoop Street Center I Corp

20715 S 184^th Place

Queen Creek, AZ 85142

Re: Hoop Street Center I Corp

Dear Mr. Hemple:

In connection with the Regulation A offering of Preferred Stock for Hoop Street Center I Corporation, dated December 7, 2020, please accept this letter as my opinion under the laws of the state of Arizona as to the legality of the securities covered by the Offering Statement.

It is my opinion that under the laws of the state of Arizona, the shares of Preferred Stock offered will, when sold, be legally issued, fully paid and non-assessable.

Very truly yours,

Adam Wardel

EX1A-2B BYLAWS

Exhibit H

TESTING THE WATERS

We have not made any oral and/or written offers to accredited and/or non-accredited investors before or after the filing of this Offering Statement to gauge investors’ interested in this Offering. We will accept investments through https://www.hoopstreet.com once the Commission qualifies this Offering Statement.