Final Order — Motor Vehicle Retail Installment

Index: OFR 2026 - 390 STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION In Re: RIV A MOTORSPORTS MIAMI, INC, and MICHAEL MARTIN, Case Number: 139108 Petitioners. FINAL ORDER This cause came on for consideration and final agency action. Upon review of the record and being otherwise fully advised in the premises, the Office of Financial Regulation ("Office") hereby finds:

1. The Office has jurisdiction over the subject matter of this case and the parties hereto.
2. The entry of this Final Order concludes the above-referenced matter. ORDERED: A. The Stipulation and Consent Agreement (Exhibit A) is hereby approved and incorporated by reference as if fully stated herein and is adopted as the Office's Findings of Fact and Conclusions of Law. B. The parties shall comply with all terms of the Stipulation and Consent Agreement. DONE and ORDERED this ?Jr J day of August, 2026, in Tallahassee, Leon County, Florida. Commissioner

CERTIFICATE OF SERVICE I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order was furnished to Riva Motor Sports Miami, Inc, and Michael Martin by U.S. Mail to 11995 __ # 222nd St., Miami, Florida 33170 and by electronic mail to asmai@rivamiami.com on this ~ day of August, 2026. 2 nan· n ice x 8050 e, FL 32314-8050 Email: Agency.Clerk@flofr.gov Tel: (850) 410-9889

STATE OF FLORIDA OF1~·1cE OF FINANCIAL REGULA'flO~ RIVA MOTOR SPORTS MIAI\U, INC, and flrlJCHAEr, MARTrN, Petitioners. Exhibit A Case Number: 139108 The State of florida, Office of Financial Regulation ("Office"), and RIVA MOTOR SPORTS t\HAl\11, l:'lf C, and MICHAEL MARTIN ("Petitioners'') in consideration of the rnutual promises herein. recites, stipulates, and agrees as follows: I. 8ad, L?r·o1rnd. On l\fay l S. 2026, Petitioners submitted a new application for licensme as a motor vehicle retail installment seller, pursuant to chaplet 520, f' lorida Statutes. On May 29. 2026, the application was deemed complete. Based on disclosu.res made by Petitioners during the application process, the Office determined Petitioners engaged in unlicensed motor vehicle retail installment seller activit)' during the period of January I, 2017, through l\fay 15, 2026. J-tichael !\•tart in is the President and Fifty (50) Pet cent 01,vner of Riva Motor Sports Miami, In lieu of initiating ,1 formal proceeding, the parties are here.in resolving the matters at issue. 2. J 1tri\dic:liou. fhe Office is the state agency charged with the administration and enforcement of chapter 520, f'lorida Statutes, and the mies. promulgated thereunder The Office ha!l jurisdiction lo bring this administrative act.ion against Petitioners pursuant to chaplet 520, florida Statutes. 3. fi1_1pi.QJi!.~: f'o1 pmposes of this Stipulation and Consent Agrecn1et1l, Petitioners consent to the Ofiice mak.ing a finding that du1 ing the period of January I, 2017, through

May 15, 2026, Pctitioncts engaged in unlicensed motor vchick retail in:::;lallmcnt seller activity, in violation of sections 520.03(1) and 520.995( I), Florida Statutes. 4. T~rrns and Conditions. The panic:; agree that thi.: issu~s raised can be cxpcclitiously resolved without further litigation by the cxcc1Hion of this Stipulation and Consent /\grccmcnl. The parties acknowledge thal they have read this Stipulation and Consent Agreement and fully under.stand the rights, obligations, terms, duties, and rcspon,.ihilitic.o:; with r~.spcc! to its conlcnts. Therefore, in cc)111promise and scHkment of the foregoing findings and in considcrntion of the Office's ft1rhi.:ornm.'.c from funhcr litigation, Pctitkmcrs agrc~ lo the following tem1s and conditions; a. FUTURE COMPLIANCE. Petitioners ,1gree that it shall cease and desist from violalion~ of chapter 520. Florida Statute~, and the rules promulgated thereunder, and comply wilh all provisions of chapter 520. Florida Sta.lutes, and the mies promulgated thereunder. b. ADMlNJSTRATlVE FINE. Petitioners agree to pay the Office an o\dministruhve fine in the amount of Sh Thousand Fi..-c Hundred Dollars ($6,50{1.00), to be paid at the time of the exccutioo and delivery of tbis Stipulation a11d Con~cnt Agreement. This aclminis1r.a1ivc fine shall be submitted in the fonn of a wirr., cashier's ch~ck, or money order made payable to "OJ]it:e tJf FimmdaJ Regulation", Such payment shall reference Case Number 139 l 08 and shall be sent to the .aUcntion of Agency Clerk- e/c1 Attorney Carrie Franl; Post Office Box 8050, TaJlahassce, Florjda 32314-8050. Petitioners -'Cknowledge and agree that in acco!'dan~c wilh ~cction 215.31, Florida Staluk.:;, regarding lhc deposit of monies, (i) the tendered fine or sdtlcment check may he dcposill'.d in advance of fi1ll execution tlr .u:ccplancc of the Stipulatiou rmd Con:-i.:nl Agreement; and (ii) such dr.:posil :;lndl not be constn.icd

as a final act'.CpHmce of the Stipulation and Consent Agreement absent full execution thereof and entry of a Final Order adopting same. c. UCRNSURE. The Office shall approve Petitioners' motor vehicle retail 1nsl,tllmcnt sdlcr .lpplication and issue the license within one businc:;s day of the date of the Final Order adopting this Stirulation and Consent Agreement. 5. Final Ord et·. Petitioners consent to the entry of a Fim1I Order, which incorporates the tcnns of this Stipulation .ind Consent Agreement. l'clilioncrs understand and agree that thi~ Stipulation and Consent Agreement is subject lo the final approval of the Ofikc of Financi~I Regulation and the cnll)' of the Final Order adopting such Agre~menl. In the cvcnl that the Fin.ii Order is not entered, this Stipulaclon and Consent Atrccmcnt shall be m1ll and void. The final Order incorporating this Stipulation and Consent Agreement constitute:- final action by the Office for which the Offiec may seek cnforcem~nt pursuant to the provisions of chapters 520 and 120, Florida Statutes. 6. \Vaive1·. Ry Petitioners' consent ln the entry of a Final Order with respect ll) this proceeding; Petitimrnrs \Vaive: a) Any l'ight to separately staled Findings of Fact and ConcJu5ions of La,v; b) An y right h_, rc:c~ipl of a Notice of Rights pursuaul to chapter 120, Florida c) Any right to an administrative hearing or issmrnce of a Recommended Order pursuant to ehljrtcr 120. Florida Statutes; and d) Any right to conlcst in any administrath•c lbrum or judicial prnce1:<ling (induding. but 1101 limited 10. ,m appeal pursuant tu scclion 120,68, Florida Stalliles} the validity

of any term, con<lirion. obligation, or duty expressly created m lhis Stipulftlion and Consent Agreement and the. Fimtl Order. 7. UcJeascs. Upon full cxccutio11 of this Stipul.ition and Consent Agreement, ~•etitioncrs waive, rdea:-.e and fol'ever discharge the Office ~met jts ,igcnts, representatives and employees from any and all cam,cs nf action, ifi Im"'· •Or in equity, which Petitioners may have arising out of this matter. The Offo::t: acccpt:s thi~ rclc,3SC and waiver by Petitioners on behalf of itself~ ils agents, representative£.;, and employees without acknowledging, and expressly denying, thal any such tight or cau:,:;c of action may exist 8. l:-'.<l_ih1n.• to Cnmplv. Petitioners acknowledge, c(mcur, and stipulate thal Petitioners' failure lo comply with ,my of the tcnns, obligations and cnnditions of this Stipulation and Consent Agrccmenl, 1md the Final Order adopting ii, is a violalion of the written agreement and the Final Order entered pur~uant to chapter.,; 120 and 520. Florida Srntutes. Such non-compliance may result in the issuance of an emergency cea<:;c and desist order. However, nothing herein shall he constmed tc) limit Pcritioncrs' right tn contest any finding or dctcnnination of non-compliance.. 9. Attorn"v·s Ftts. Ea-ch party herein shall be solely responsible for its :,cparate costs .and attorney's fees incuncd in the pros.ecution, defense, or m~gotiations in this matter up to and including Ilic entry of the final Order adopting lhis Stipulation and Consent Agreemellt. I 0. S1.·n1r;thi1ih·. Tbe parti~s agn::c 11ml ifany provision of this StipulatiQn and Consent Agreement or the application thereof to any person or circumstance is licld invalid, the Stipulation .ind Consent Agreement will he given effcc.:t without the: invalid prn'ision, and to this encl, the provisions of this S1ipulatinn and Consent Agrccnicnt an: dcdarcd scvcrnble. IL Cnirnll!q,arts. This Stipulation ;lnd Consent Agrt:ement may be ex~cuwd in any 11u111ber of cc.H1ntc111.ins. and by the panics in M.:paratc coumcrpans, each of which will be dct.:mcd

to be an original but all of which together will con:;titutc but one Stipulation and Consent Agreement. Copies of this Stipulation and Consent Agreement transmitted by facsimile or electronic mail shall have tht! same validity as if bearing an original signature. 12. Entit·t• Agn•rment. This StipulaLion and Coma.:nt A1,rreement represents the entire agreement hy and between Petitioners and the Office. Any alterations, variati(lns, changes, modifications or ,va[vcrs of the provisions hereof shall be valid nnly when they have bee11 reduced lo writing, duly signed hy the Office and Petitioners hereto, attached to the original of this Stipulation and Con:-cnl Agreement, and subject lo the approval of the Oftice. WHEREFORF~, in consideration of the foregoing, the Office and Petitioners execute this Stipulation and Consent Agreement for entry of a Final Ordet on the Jasr date c.xec\lted below. /Thfs spcu·e is 111((!11iionall)' lefi blank. Signatures to begill onfollowi11g page.]

RIVA MOTOR SPORTS MIAMI, INC; Name: Michael Martin Title: President an~ Fifty ( 0) Percent Owner State of i1Qn_~Q __ County of 1---\lP:Q'.\ -~ Michael Martin, as Prosident and Fifty (SO) Percent Owner of Rh•a Motor Sports Miami, Inc. BEFORE ME by means of ~ physical presence or Q online notarization, has sworn (or affirmed) that he has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me this __ tl= day of._._i--- ~EW.Nl:ltEAGONlAI.EZ MY COMM1$810NI HtU10103 EXPIRES:~21,2026 Check lhc appropriate bor· J>crsonally know11 .rt'J OR Produced ldentification 0 Type of identification produced □ □ □ Dri-.•er's License Passport Other -=..c: (l)o not iticludc ID nmnber) , 2026.

MICHAEL MARTIN: Date: 7/2 /2.02.6 (Signature) Name: Michael Martin Stale of 0"' ,da County of~ Michael Martin, BEFORE ME by mc.-ns of ~ ,bysical presence or O onlinc notarization. has sworn ( or affirmed) that he has read and underst.1nds the foregoing agreement and voluntarily signed th~ same. SWORN TO ANO SUBSCRIBED before me this ~ day of ::J ¥a'( __ . 2026. Check the apj)ropriate box: Personally known ~ OR Produced Identification n Type of identification produc-ecl O Driver's Liccns~ 0 Passport □ Olhcr l~w···~ 't'ES8BMNIORl!AOONZAIB •1-,,! , 1 lil'(COMMl$SIOH.ttll3tffll3 . "",,I ~-17,202$ ttr.i:i•' . . -i-•- (Do not include ID number) OFFICJ£ Ut-' FJNANCIAL REGULATION ksif t.fv.~~ Date: 7/29/2026 Division ofConsumct Finance