A Crowdfunding Simple Agreement for Future Equity (Crowdfunding SAFE) offers you the right to receive Crowdfunding Stock (as defined below) in Mutombo Coffee. The amount of Crowdfunding Stock (as defined below) you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $20,000,000.00 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 (as defined below) 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 SAFE holders. See discount bonus below.
Investment Incentives & Bonuses*
TTW Reservations Page Bonus: All Reservation Holders in the StartEngine Testing the Waters Reservations Page will receive a 5% addition to the base discount.
Time-Based Perks
First 30 Days Perk: Invest $500+ in the first 30 days and receive a chance to win coffee for life.
Early Bird 1: Investors who invest at least $1,000 within the first 2 weeks will receive the following perks worth $100: a special Mutombo Coffee gift bundle (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler) or $100 gift card + a showcase on our House of Mutombo Wall of Fame*.
Early Bird 2: Investors who invest at least $1,000 within the first 4 weeks will receive the following perks a 1-month supply of premium coffee, a Limited edition Owner’s T-Shirt + a showcase on our House of Mutombo Wall of Fame*.
Early Bird 3: Investors who invest at least $5,000 within the first 2 weeks will receive the following perks worth $1,250: 10 (ten) Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 (ten) $100 gift cards + a showcase on our House of Mutombo Wall of Fame*.
Early Bird 4: Investors who invest at least $10,000 within the first 2 weeks will receive the following perks worth $2,000: 10 (ten) Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 (ten) $100 gift cards + a VIP coffee tasting experience for 10 (ten) people at an agreed location**, worth $1,000 + a showcase on our House of Mutombo Wall of Fame*.
Early Bird 5: Investors who invest at least $20,000 within the first 4 weeks will receive the following addition to discount base rate and perks worth $2,000 + 3% addition to the base discount + 10 (ten) Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 (ten) $100 gift cards + a VIP coffee tasting experience for 10 (ten) people at an agreed location**, worth $1,000 + a showcase on our House of Mutombo Wall of Fame*.
Early Bird 6: Investors who invest at least $50k within the first 4 weeks will receive the following worth $10k: 3% addition to the base discount, 10 Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 $100 gift cards + a VIP coffee tasting experience for 10 people at an agreed location**,worth $1k + a showcase on our House of Mutombo Wall of Fame* + the naming rights for a coffee blend (subject to approval), worth $8k
Amount-Based Perks
Brew Master: Investors who invest at least $1,000 will receive the following perks worth $100: a 3-month supply of premium coffee, worth $100.
Roaster’s Circle: Investors who invest at least $5,000 will receive the following perks worth $500: 5 (five) Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 5 (five) $100 gift cards.
Barista's Best: Investors who invest at least $10,000 will receive the following perks worth $1,000: 10 (ten) Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 (ten) $100 gift cards.
Coffee Innovator: Investors who invest at least $20,000 will receive the following perks worth $2,000: 10 (ten) Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 (ten) $100 gift cards + a VIP coffee tasting experience for 10 (ten) people at an agreed location**, worth $1,000.
Ultimate Coffee Partner: Investors who invest at least $50,000 will receive the following perks worth $10,000: 10 Mutombo Coffee Owner’s Gift Bundles (Limited edition Owner’s T-Shirt, 1-month supply of coffee, and branded tumbler), or 10 $100 gift cards + a VIP coffee tasting experience for 10 people at an agreed location**,worth $1,000 + the naming rights for a Mutombo Coffee blend (subject to name approval), worth $8,000.
*Our House of Mutombo Wall of Fame is a digital showcase of our early investors. It is a way to recognize and celebrate investors who are supporters of Mutombo Coffee.
** The tasting will be held at an agreed location, with details shared in advance. Travel and lodging costs are not covered by Mutombo Coffee.
***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. The free subscription months begin after the close of the offering and must be used consecutively.
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
Majlis International Specialty Foods, Inc. will offer a 10% additional discount bonus for all investments that are committed by investors who are eligible for the StartEngine Crowdfunding Inc. Venture Club bonus.
Eligible StartEngine SAFEholders will receive a 10% bonus discount on the SAFE 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 elapsed time of the offering (if any). Eligible investors will also receive the Venture Club Bonus and Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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