Convertible Note l Minimum $100 (US)
Note converts to Common Stock when the company raises $500,000 in a qualified equity financing
Maturity Date: October 1, 2020
$5,000,000 Valuation Cap
20% 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 Promissory Notes
Minimum ($10,000) of Convertible Promissory Notes