Waterfall agreement
Hopsters LLC is offering equity in all Hopsters current and future locations. $500 equals one Unit in the form of Series A4 Preferred Units.
The Board will then elect to distribute profits to investors, You will first earn 2% of your total investment from profits (net cash flow) and if there are still profits remaining, 80.8% will be distributed pro rata amongst investors. Once this has been paid, it will then be 19.2% of profits distributed, pro rata. See subscription agreement for specific details.