*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses
Previous Backer Bonus:
For any previous backers or investors in Parknav, when you invest in this live offering you will receive 5% bonus shares.****
Time-Based
Friends & Family: Invest in the first 15 days and receive 29% bonus shares
Super-Early Bird: Invest in the following 15 days and receive 20% bonus shares
Early Bird: Invest in the following 30 days and receive 12% bonus shares
Amount-Based
$1,000+ -- Company-logo hoodie
$2,500+ -- Company-logo hoodie AND 3 months of Parknav service in 1 sqkm**
$6,000+ -- Company-logo hoodie AND 9 months of Parknav service in 1 sqkm
$12,000+ -- Company-logo hoodie AND 12 months of Parknav service in 1 sqkm, and 1% bonus shares
$24,000+ -- Company-logo hoodie AND 24 months of Parknav service in 1 sqkm and 2% bonus shares
$52,000+ -- Company-logo hoodie AND 36 months of Parknav service in 1 sqkm and 3% bonus shares
$104,000+ -- Company-logo hoodie AND 36 months of Parknav service in 4 sqkm and 5% bonus shares
** Parknav Service Description: The investors who receive this perk would in fact receive a voucher for redemption on the Parknav website for the coverage area and service of their choice. For example, if an investor invests $2500, then they shall receive a voucher (electronically) that shall have instructions for redemption on the voucher and a code that is unique to them. With that code, they shall go on the Parknav site to a page where they shall enter the area of their choice (limited to 1sq km based on the $2500 investment example). The delivery of the service shall include a mobile app with a place to insert their unique code (received from the site) and the selected area will be activated in the app for the duration of the perk period (after the perk period, this service shall cost $1/month/user).
***Investment incentives do not stack (with the exception of the Previous Backer Bonus), meaning investors will only receive the incentives associated with the highest tier for which they qualify. For example, if an investor qualifies for both the $104k+ tier and the Early Bird Tier, the investor will receive only the 12% bonus shares associated with the Early Bird tier in lieu of the 5% bonus shares associated with the $104k+ tier.
****The Previous Backer Bonus stacks meaning it can be combined with other investment incentives. For example, if an investor qualifies for the Friends and Family Bonus and the Previous Backer Bonus, they will receive both the 29% bonus shares for the Friends & Family and the 5% bonus shares for the Previous Backer, totalling 34% bonus shares.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
The company will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
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 Common Stock at $5.02 / share, you will receive 110 shares of Common Stock, meaning you will own 110 shares for $502. 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 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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
