Voting Rights of Securities Sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’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 Subscriber, (i) vote all Securities, (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 Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber 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.
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Investment Incentives and Bonuses*
Time Based:
Champion:
Invest within the first 10 days from launch and receive 20% bonus shares.
Early Bird:
Invest between 10 - 20 days from launch and receive 10% bonus shares.
Supporter:
Invest between 20 - 30 days from launch and receive 6% bonus shares.
Amount Based:
All investors
Regardless of the investment amount, will be provided access to our community Slack channel, Telegram channel, and receive a dexFreight branded tumbler.
Tier 1 (< $1000)
Receive 5% bonus shares and a 10% discount on dexFreight platform products for 6 months.
Tier 2 ($1000 - $4999)
Receive 8% bonus shares and a 15% discount on dexFreight platform products for 8 months.
Tier 3 ($5,000 - $25,000)
Receive 12% bonus shares and a 20% discount on dexFreight platform products for 10 months.
Tier 4 (> $25,000)
Receive 15% bonus shares and a 25% discount on dexFreight platform products for 12 months.
Disclaimers:
1. Investors can receive either a time-based or an amount-based bonus (whichever is greater), but not both.
2.Platform discounts are tied to amount of investment regardless of when the investor purchased the shares.
3. Platform discounts will apply regardless of number of users in the company.
4. The discounts do not apply for our Next Day Payment services.
5. Trucking companies and freight brokers in order to receive the platform discounts must be registered with FMCSA/USDOT and have an active authority at the time of registration into the platform.
6. Platform discounts are valid for the said number of months from the time a company self registers in the platform. If the company is already a registered user in dexFreight, we will activate/provide the discount accordingly. In order to receive the platform discount, please send the name of the investor(s) and a documented proof that the investor is affiliated or employed by the company. Such proofs may be a LinkedIn profile or email from the company owner/director attesting that the investor is employed or affiliated with the company.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
dexFreight, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.95 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $195. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
