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Invest in Kazu by Wellness Insight Technologies, Inc.
A Crowdfunding Simple Agreement for Future Equity (Crowdfunding SAFE) offers you the right to receive Class B Common Stock in Kazu by Wellness Insight Technologies, Inc.. The amount of Class B Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $3,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $16,035,886.35 Valuation Cap or if less, then you will receive a 15.00% discount on the price the new investors are paying. You will receive no interest on your investment. When the maturity date is reached, if the Crowdfunding SAFE has not converted then you are entitled to receive Class B Common Stock equal to your investment back at a price per security by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
Voting Proxy for Underlying Security of the CrowdFunding SAFE Sold in this Offering
As a condition to the purchase of this instrument, upon the issuance of shares of the Crowdfunding Stock (the “Securities”), the Investor agrees that the appointment of the Chief Executive Officer of the Company (the “CEO”), or his or her successor, is appointed as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, at any time and from time, on any matter for which approval of the holders of the Company’s stock is sought or upon which such holders are otherwise entitled to vote or consent (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock. The provisions of this Section 3 shall survive the termination or expiration of this instrument in accordance with its term.
Investment Incentives*
Time-Based Perks:
Friends and Family (first 96 hours)
30% lifetime discount on Kazu pods, lifetime free subscription to Premium app features, 1 Kazu device, and 1 Kazu T-shirt
Super Early Bird (within the first week)
20% lifetime discount on Kazu pods, 1-year free subscription to Premium app features, 1 Kazu device, and 1 Kazu T-shirt
Early Bird Bonus (within the first 2 weeks)
10% lifetime discount on Kazu pods, 1-year free subscription to Premium app features, first access to purchase a Kazu device, and 1 Kazu T-shirt
Volume-Based Perks:
Nourishment ($500+)
First access to purchase a Kazu device, and 1 Kazu T-shirt!
Wellness ($1000+)
10% lifetime discount on Kazu pods, first access to purchase a Kazu device, and 1 Kazu T-shirt!
Rejuvenation ($2,500+)
20% lifetime discount on Kazu pods, 1-year free subscription to Premium app features, 1 Kazu device, and 1 Kazu T-shirt!
Radiance ($5,000+)
30% lifetime discount on Kazu pods, 1-year free subscription to Premium app features, 1 Kazu device, and 1 Kazu T-shirt
Harmony ($10,000+)
40% lifetime discount on Kazu pods, lifetime free subscription to Premium app features, an invitation to participate in beta-group for new feature releases, 1 Founder’s Series Kazu device, and 1 Kazu T-shirt
Nirvana ($25,000+)
50% lifetime discount on Kazu pods, lifetime free subscription to Premium app features, an invitation to participate in beta-group for new feature releases, 1 Founder’s Series Kazu device, 1 Kazu T-shirt, and an annual call with the CEO
*Physical perks may only be shipped to destinations within the United States.
*T-shirts and CEO calls available when the offering is fully completed.
*Pods and devices available upon market introduction.
*Discounts on pods are for personal use only. Discounts apply only to purchases made through the Company’s e-commerce site, do not apply to group/bulk purchases, do not apply to any third-party products that may be sold via the Company’s e-commerce site, and are not transferable.
*Premium subscription app features will be released after the initial release of the app and are not yet available. Subscriptions begin upon the release of paid subscription features.
*Beta-test participants must be willing to provide helpful feedback. Persons or entities with conflicts of interest with the Company may be excluded from participation.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. All perks occur when the offering is completed.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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