Convertible Promissory Notes
Note converts to Non-Voting Common Stock when the company raises $4,000,000 in a qualified equity financing
Maturity Date: December 31, 2020
$7,000,000 Valuation Cap
10% Discount Rate
2% Annual Interest Rate*
*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below
Maximum $107,000 of Convertible Notes
Minimum $10,000 of Convertible Notes