Voting Proxy for shares sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’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 Subscriber, (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 Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber 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.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below
Perks* and Investment Incentives
Silicon ($500+)
Parallel Flight T-Shirt
Aluminum ($1,000+)
Parallel Flight T-Shirt
Spectacular Parallel Flight Baseball cap
Lithium ($2,000+)
Parallel Flight T-Shirt
Spectacular Parallel Flight Baseball cap
2% Bonus Shares
Carbon ($5,000+)
Parallel Flight T-Shirt
Spectacular Parallel Flight Baseball cap
5% Bonus Shares
Titanium ($10,000+)
Parallel Flight T-Shirt
Spectacular Parallel Flight Baseball cap
Invitation to our Beta Aircraft Unveil event and dinner with our executive team. Exclusive access to live flight demonstration!
10% Bonus Shares
Graphene ($25,000+)
Parallel Flight T-Shirt
Spectacular Parallel Flight Baseball cap
Invitation to our Beta Aircraft Unveil event and dinner with our executive team. Exclusive access to live flight demonstration!
You get to load the drone with an object of your choice at the flight demo! Please keep the object (no children or animals) 50lbs or less!
15% bonus shares
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Parallel Flight Technologies, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 or made at least two investments in StartEngine's own offerings.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A Common Stock at $1.40 / share, you will receive 110 Class A Common Stock shares, meaning you'll own 110 shares for $140. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement, unless their eligibility period has been extended through additional subsequent investments in StartEngine's own offerings.
Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company that surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
