Company	:	GameTree PBC
Corporate Address	:	702 Castro St., Solana Beach, CA 92075
Offering Minimum	:	$10,000.00
Offering Maximum	:	$1,235,000.00
Minimum Investment Amount (per investor)	:	$100.00

Terms

Offering Type	:	Convertible Promissory Notes
Type of Equity Converted Into	:	[TYPE OF EQUITY CONVERTED INTO]
Conversion Trigger	:	$1,000,000.00
Maturity Date	:	[MATURITY DATE]
Valuation Cap	:	$30,000,000.00
Discount Rate	:	20.0%
Annual Interest Rate	:	[ANNUAL INTEREST RATE]%

What is a Convertible Note?

A convertible note offers you the right to receive [TYPE OF EQUITY CONVERTED INTO] in GameTree PBC. The amount of [TYPE OF EQUITY CONVERTED INTO] you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $30,000,000.00 Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying. You also receive [ANNUAL INTEREST RATE]% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive [TYPE OF EQUITY CONVERTED INTO] equal to your investment and interest back at a price per security determined 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).

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