Invest in Etherdyne Technologies
A Crowdfunding Simple Agreement for Future Equity (Crowdfunding SAFE) offers you the right to receive Crowdfunding Stock in Etherdyne Technologies. The amount of Crowdfunding Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $5,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $46,000,000.00 Valuation Cap or if less, then you will receive a 20.00% discount on the price the new investors are paying. You will receive no interest on your investment. When the maturity date is reached, if the Crowdfunding SAFE has not converted then you are entitled to receive Crowdfunding Stock equal to your investment back at a price per security 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).
*Bonus discount subject to adjustment of bonus discounts for StartEngine noteholders. See discount bonus below.
Voting Proxy
As a condition to issuance of shares of the Crowdfunding Stock (the “Securities”), the Investor agrees to the appointment of the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’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 Investor, (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 Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor 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;
Investment Incentives & Bonuses*
Loyalty Bonus: Previous Investors, Employees and Contractors in Etherdyne Technologies, Inc. will receive 5% addition to the base discount rate.
Time-Based Perks
Early Bird 1: Invest $1200+ within the first 5 days and receive 20% addition to the base discount rate.
Early Bird 2: Invest $2,500+ between days 6-10 days and receive 15% addition to the base discount rate.
Early Bird 3: Invest $5,000+ between days 11-15 days and receive 12% addition to the base discount rate.
Flash Perk 1: Invest $ 2000+ between days 16- 30 and receive 10% addition to the base discount rate.
Flash Perk 2: Invest $ 2000+ between days 31-45 and receive 8% addition to the based discount rate.
Flash Perk 3: Invest $ 2000+ between days 46-56 and receive 6% addition to the based discount rate.
Amount-Based Perks
Tier 1 Perk: Invest $2,000+ and receive 3% addition to the base discount rate.
Tier 2 Perk: Invest $4,000+ and receive 5% addition to the base discount rate.
Tier 3 Perk: Invest $10,000+ and receive 10% addition to the base discount rate.
Tier 4 Perk: Invest $25,000+ and receive 15% addition to the base discount rate and an invitation to a private “Investor Tech Briefing” webinar with the founders and engineering team, showing the latest demos and roadmap.
Tier 5 Perk: Invest $50,000+ and receive 20% addition to base discount rate and a personalized thank you video from ETI to share on LinkedIn or your social profiles to showcase that you are an “Early Investor in ETI’s Wire-free Power”.
Tier 6 Perk: Invest $100,000+ and receive 20% addition to base discount rate and a private 1-on-1 strategy call with the founders.
Tier 7: Perk; Invest $200,000+ and receive 20% addition to base discount rate, a private 1-on-1 strategy call with the founders and an option for co-branding recognition: Name included as a “Major Funding Investor” in select PR.
*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 discounts 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 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 perks because they would be receiving a benefit from their IRA account.
The 10% StartEngine Venture Club Bonus
Etherdyne Technologies, Inc. will offer a 10% additional discount bonus for all investments that are committed by investors that are eligible for the StartEngine Venture Club.
Eligible StartEngine noteholders will receive a 10% bonus discount on the note in this Offering. For example, this would mean your discount percentage would be 30% instead of 20%.
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). Eligible investors will also receive the Venture Club bonus and the Loyalty Bonus in addition to the aforementioned bonus.
Cancel anytime before 48 hours before a rolling close or the offering end date.
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