Filed Pursuant to Rule 253(g)(2)
File No. 024-11263
RED OAK CAPITAL FUND V, LLC
SUPPLEMENT NO. 2 DATED APRIL 1, 2021
TO THE OFFERING CIRCULAR DATED August 13, 2020
This document supplements, and should be read in conjunction with, the offering circular of Red Oak Capital Fund V, LLC, a Delaware limited liability company (“we,” “our,” “us” or the “Company”), dated August 13, 2020 and filed by us with the Securities and Exchange Commission (the “Commission”) on August 14, 2020 as supplemented by Supplement No. 1 dated October 15, 2020 and filed by us with the Commission on the same date (the “Offering Circular”). Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Offering Circular.
The purpose of this supplement is to disclose that Chip Cummings is no longer a Member of Red Oak Capital Group, LLC, the Sponsor of the Company. In connection with the foregoing, the table on page 58 of the Offering Circular disclosing security ownership of certain beneficial owners of 5% or more is deleted in its entirety and replaced by the following:
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Security Ownership of Certain Beneficial Owners (5% or more)
Title of Class | Name and Address of Beneficial Owner | Amount and Nature of Beneficial Ownership Acquirable | Percent of Class | |||
LLC Interests | Joseph Elias* | N/A | 35.00% | |||
LLC Interests | Kevin Kennedy* | N/A | 35.00% | |||
LLC Interests | Gary Bechtel* | N/A | 10.00% | |||
LLC Interests | Raymond Davis* | N/A | 10.00% | |||
LLC Interests | Jason Anderson* | N/A | 10.00% | |||
LLC Interests | All Executives and Managers* | N/A | 100.00% |
* 625 Kenmoor Avenue SE, Suite 211, Grand Rapids, Michigan 49546