Company	:	Belle Isle Craft Spirits, Inc.
Corporate Address	:	615 Maury St, Richmond, VA 23224
Offering Minimum	:	$15,000.00
Offering Maximum	:	$1,235,000.00
Minimum Investment Amount (per investor)	:	$250.00

Terms

Offering Type	:	Convertible Promissory Notes
Type of Equity Converted Into	:	Series B Preferred Stock
Conversion Trigger	:	$2,000,000.00
Maturity Date	:	December 31, 2027
Valuation Cap	:	$12,000,000.00
Discount Rate	:	20.0%
Annual Interest Rate	:	8.0%

What is a Convertible Note?

A convertible note offers you the right to receive Series B Preferred Stock in Belle Isle Craft Spirits, Inc.. The amount of Series B Preferred Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $2,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $12,000,000.00 Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying. You also receive 8.0% 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 Series B Preferred Stock 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).

*Annual Interest Rate subject to adjustment of 5% - 30%. See bonus interest perks below

Investment Incentives & Bonuses*

Time-Based Perks

First Two Weeks | $1,000+

Invest $1,000+ within the first two weeks and receive 5% increase in the annual interest rate

First Two Weeks | $5,000+

Invest $5,000+ within the first two weeks and receive 7% increase in the annual interest rate

First Two Weeks | $10,000+

Invest $10,000+ within the first two weeks and receive 10% increase in the annual interest rate

Volume-Based Perks

Tier 1 | $500+

Invest $500+ and receive early access to a super secret product release, along with 1 exclusive Belle Isle Moonshine shirt and a set of 2 custom Belle Isle Moonshine cocktail glasses.

Tier 2 | $1,000+

Invest $1,000+ and receive perks from previous tiers, along with early access to our first ever Bourbon release in Q4 2023, 1 exclusive Belle Isle Moonshine hoodie, and access to 15% off Belle Isle merch.

Tier 3 | $5,000+

Invest $5,000+ and receive perks from previous tiers, along with a lifetime of free neat tastings at our tasting room and access to 25% off Belle Isle merch.

Tier 4 | $10,000+

Invest $10,000+ and receive perks from previous tiers, along with an invitation to a private community where you will help us decide on future products and an artist-signed bottle of our next specialty release.

Tier 5 | $25,000+

Invest $25,000+ and receive perks from previous tiers, along with an invitation to a private opening of our new distillery tasting room and bar.

Tier 6 | $50,000+

Invest $50,000+ and receive perks from previous tiers, along with an invitation to an in-person VIP R&D tasting panel of new and experimental products.

Loyalty Bonus

Previous investors will receive 10% bonus interest.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus interest from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

Crowdfunding investments made through a self-directed IRA cannot receive non-bonus interest perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus interest perks because they would be receiving a benefit from their IRA account.

The 10% Bonus for StartEngine Shareholders

Belle Isle Craft Spirits, Inc. ("Belle Isle Craft Spirits" or the "Company") will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's Bonus.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 8.8% instead of 8%.

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 canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.

Distilled for good times