Company	:	Blokable, LLC
Corporate Address	:	1750 Creekside Oaks Dr. Suite 130, Sacramento, CA 95833
Offering Minimum	:	$25,000.00
Offering Maximum	:	$5,000,000.00
Minimum Investment Amount (per investor)	:	$500.00

Terms

Offering Type	:	Convertible Promissory Notes
Type of Equity Converted Into	:	Preferred Units
Conversion Trigger	:	$30,000,000.00
Maturity Date	:	April 01, 2025
Valuation Cap	:	$125,000,000.00
Discount Rate	:	10.0%
Annual Interest Rate	:	6.0%

What is a Convertible Note?

A convertible note offers you the right to receive Preferred Units in Blokable, LLC. The amount of Preferred Units you will receive in the future will be determined at the next equity round in which the Company raises at least $30,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $125,000,000.00 Valuation Cap or if less, then you will receive a 10.0% discount on the price the new investors are paying. You also receive 6.0% 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 Preferred Units 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 10% bonus for StartEngine shareholders. See 10% Bonus below.

Investment Incentives and Bonuses*

Combo/Avid Investor Perk

Invest $2,000+ within the first week and receive Monthly investor updates

Invest $5,000+ within the first two weeks and receive Monthly investor updates and your name will be inscribed on the ‘Housing Revolutionaries’ wall in lobby of Factory 1

Invest $10,000+ within three weeks and receive Monthly investor updates, dinner with company leadership in Sacramento and your name will be inscribed on the ‘Housing Revolutionaries’ wall in lobby of Factory 1 + your name will be inscribed on the ‘Housing Revolutionaries’ wall in lobby of 707 E Street.

Amount-Based

Tier 1 | $2,000+

Invest $2,000+ and receive a quarterly investor email update.

Tier 2 | $5,000+

Invest $5,000+ and receive a monthly investor update.

Tier 3 | $10,000+

Invest $10,000+ and receive a Monthly investor update + dinner with company leadership in Sacramento.

Tier 4 | $25,000+

Invest $25,000+ and receive a monthly investor update + dinner with company leadership in Sacramento+ name inscribed on ‘Housing Revolutionaries’ wall in the lobby of Factory 1.

Tier 5 | $50,000+

Invest $50,000+ and receive a monthly investor update + dinner with company leadership in Sacramento + name inscribed on ‘Housing Revolutionaries’ wall in lobby of Factory 1 + name inscribed on ‘Housing Revolutionaries’ wall in lobby of 707 E Street.

Tier 6 | $100,000+

Invest $100,000+ and receive a monthly investor update + all expenses 2-day trip to Sacramento and private dinner with company leadership + Name inscribed on ‘Housing Revolutionaries’ wall in lobby of Factory 1 + Name inscribed on ‘Housing Revolutionaries’ wall in lobby of 707 E Street.

*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 shares 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.

The 10% Bonus for StartEngine Investors

Blokable will offer a 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 investors will receive a 10% increase in the annual interest rate on the Series 2023-CF convertible notes, or CF Convertible Notes, being offered in this Offering. This means your annual interest rate will be 6.60% instead of 6.00%.

This 10% Bonus is only valid during the investor’s 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 the time of offering elapsed (if any).

Revolutionizing Housing Development