Alcohol Beverage Wholesale or Retailer Licenses Notice
Holders of alcohol beverage wholesale or retailer licenses, and their employees, are prohibited from participating in this investment. By participating in this offering you confirm that you are not a wholesale or retail licensee nor are you employed by such a license.
Voting Rights of Securities Sold in this Offering
Voting Proxy. 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.
Investment Incentives & Bonuses*
Loyalty Bonus
Exclusive for our existing investors, enjoy additional bonus shares as our thank you (10%)
Time-Based Perks:
Early Bird I: Invest $1,000+ within the first 2 weeks | 5% bonus shares
Early Bird 2: Invest $5,000+within the first 2 weeks | 10% bonus shares
Early Bird 3: Invest $10,000+ within the first 2 weeks | 15% bonus shares
Early Bird 4: Invest $20,000+ within the first 2 weeks | 20% bonus shares
Early Bird 5: Invest $50,000+ within the first 2 weeks | 25% bonus shares
Mid-Campaign Perks (Flash Perks):
Flash Perk 1: Invest $2,500+ between day 35 - 40 and receive 5% bonus shares
Flash Perk 2: Invest $2,500+between day 60 - 65 and receive 5% bonus shares
Amount-Based Perks:
$500+ | Craft Enthusiast
Invest $500+ and receive a Patio29 t-shirt, 5% discount on purchases for 1 month & recognition on our supporter’s page.
$1,000+ | Distiller’s Circle
Invest $1,000+ and receive a Patio29 branded glassware set, 10% discount for 3 months, & exclusive updates from our distillery team.
$5,000+ | Spirits Aficionado
Invest $5,000+ and receive a Patio29 branded glassware set, enjoy a private tasting session for you and up to five guests, a 15% discount for 6 months, exclusive updates from our distillery team & 2% bonus shares,
$10,000+ | Barrel Sponsor
Invest $10,000+ and receive a Patio29 branded glassware set, enjoy a private tasting session for you and up to five guests, a 15% lifetime discount, invitations to exclusive distillery events & 3% bonus shares
$25,000+ | Master Blender
Invest $25,000+ and receive a Patio29 branded glassware set, enjoy a private tasting session for you and up to five guests, adopt your own barrel** with personalized nameplate and visits, 20% lifetime discount, VIP access to exclusive distillery events and new product releases & 5% bonus shares
$50,000+ | Legacy Builder
Invest $50,000+ and receive receive a Patio29 branded glassware set and other branded merchandise, optional name placement on owner-founder nameplate at the distillery, private distillery day experience for up to 20 guests, adopt two of your own barrels** with personalized nameplate and visits, 25% lifetime discount, VIP access to exclusive distillery events and new product releases & 10% bonus shares
*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. 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.
** This is the Patio29 Private Barrel Club - Barrel #1 described on our Patio29 website.
The 10% StartEngine Venture Club Bonus
Yolo Distillers will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Venture Club.
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 $10.00 / share, you will receive 110 shares of Common Stock, meaning you’ll own 110 shares for $1,000. 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 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.
