Preferred Units (11% Deferrable)
Maximum 1,070,000* Preferred Units ($1,070,000)
*Maximum subject to adjustment for bonus units. See 10% Bonus below
Minimum 10,000 Preferred Units ($10,000)
|Corporate Address||1140 3rd St NE, Washington, DC 20002|
|Description of Business||Eskapr L.L.C. (“Eskapr”) is a new company engaged in the online travel including travel research, travel review, and travel planning industries.|
|Type of Security Offered||Preferred Units (11% Deferrable)|
Purchase Price of Security Offered
|Minimum Investment Amount (per investor) ||$100.00|
Perk levels are not inclusive of previous perk levels. Investors only get one perk reward matching your level of investment.
$100 Eskapr Coffee Mug + Travel Itinerary Assistant Founder Status + $100 Gift Card. Five funders from this level will be chosen at random to receive additional perks!
$250 Eskapr Snapback Hat + Founder Status + $250 Gift Card
$500 Eskapr Snapback Hat + Tank Top + Founder Status + $500 Gift Card
$1,000 Custom Eskapr Weekender Bag + Snapback Hat + Tank Top + Founder Status + $1,000 Gift Card
$2,500 Limited Edition Eskapr Engraved Premium Sunglasses + Snapback Hat + Founder Status + $1,000 Gift Card
$5,000 Eskapr Swag Package: Weekender Bag + Dopp Kit + Sunglasses + Tank Top + Travel Gym Shorts + Snapback Hat + Travel Electronics Kit + Passport Holder + Founder Status + $1,000 Gift Card
$10,000 Free Domestic Flight up to $500 + Eskapr Swag Package + Founder Status + $1,000 Gift Card
$25,000 Free International Flight and Hotel Stay for two up to $2,000 + Eskapr Swag Package + Founder Status + $1,000 Gift Card
**Gift cards will be received only if the company generates net income in excess of the amounts necessary to make current and deferred 11% payments to Preferred Unit holders.
*All perks occur after the offering is completed.
What is a preferred unit?
The term "unit" refers to an ownership interest in a limited liability company, similar to the term "stock" in the corporation context. As with most equity interests in a corporation, limited liability companies can issue two types of ownership interest - common units and preferred units. Holders of both types of Eskapr's equity units are referred to as Members.
Key Takeaways on Eskapr Preferred Units
Preferred Units have a higher priority claim on distributions (such as dividends) than Common Units. Subject to available profits after deducting all expenses of the Company, holders of Preferred Units will be entitled to receive annual distributions in an amount up to 11% of the aggregate outstanding amount of such holder's Preferred Units. The decision to pay any dividends is at the discretion of the company's Board of Directors, and Preferred Unit Holders will received less than the 11% amount each year if net income is not sufficient to make such payments (in which case such payments will be deferred until such funds are available). No interest will accumulate on any deferred amounts, and payments of such deferred amounts will only be made with available profits in future periods.
Preferred unitholders will have no voting rights in corporate governance other than for purposes of calling or holding any meeting of the Members holding Preferred Units, providing notice of such a meeting, forming a quorum for such a meeting, or taking any action by vote at a meeting or by written consent without a meeting, in all cases to take any action or conduct any business.
In the event of a liquidation, preferred unitholders' claim on assets is greater than common unitholders, but less than the company's creditors (including any outstanding bank loans). In the event of liquidation, distributions to preferred unitholders are restricted to their Preferred Unpaid Yield at the time of liquidation.
The 10% Bonus for StartEngine Shareholders
Eskapr L.L.C. will offer 10% additional bonus units for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.
StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date. This means you will receive a bonus for any units you purchase. For example, if you buy 100 Preferred Units at $1 / unit, you will receive 110 Preferred Units, meaning you'll own 110 units for $100. Fractional units will not be distributed and unit bonuses will be determined by rounding down to the nearest whole unit.
This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.