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Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
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.
Perks:
Time-Based Investor Perk
Early Bronze — Invest $249+ within the first week and receive a 40% off code for one VitaBowl shipment. Continental US Shipping Only Limited.
Early Silver — Invest $500+ within the first week and receive a 50% off code for one VitaBowl shipment. Continental US Shipping Only Limited.
Early Gold — Invest $1,000+ within the first week and receive 5% bonus shares.
Early Platinum — Invest $2,500+ within the first week and receive 10% bonus shares.
Early Diamond — Invest $5,000+ within the first two weeks and receive 15% bonus shares.
Volume-Based Perks
Tier 1 — Invest $500 and receive a 30% off code for one VitaBowl shipment. Continental US Shipping Only Limited.
Tier 2 — Invest $1,000 and receive a 40% off code for one VitaBowl shipment. Continental US Shipping Only Limited.
Tier 3 — Invest $2,500 and receive 5% bonus shares + a 40% off code to try our VitaBowl subscription for a month + a FREE Box of our first batch of VitaJuice. Continental US Shipping Only Limited.
Tier 4 — Invest $5,000 and receive 10% bonus shares + a 50% off code to try our VitaBowl subscription for a month + a FREE Box of our first batch of VitaJuice. Continental US Shipping Only Limited.
Tier 5 — Invest $10,000 and receive 15% bonus shares + a 10% off code to try our VitaBowl subscription for 1 year + a FREE Box of our first batch of VitaJuice + consultation with our Chief Nutritionist Sarah Brandow. Continental US Shipping Only Limited.
Tier 6 – Invest $25,000 and receive 20% bonus shares + a 3 month complimentary subscription to VitaBowl + a FREE Box of our first batch of VitaJuice + a Zoom meeting with the founding team + consultation with our Chief Nutritionist Sarah Brandow. Continental US Shipping Only Limited.
Tier 7 — Invest $50,000 and receive 25% bonus shares + a 6 month FREE subscription to VitaBowl + a FREE Box of our first batch of VitaJuice + a Zoom meeting with the founding team + be involved in the development of our new commercial for our medically tailored frozen line + consultation with our Chief Nutritionist Sarah Brandow. Continental US Shipping Only Limited.
Tier 8 - Invest $100,000 and receive 30% bonus shares + 1 Year FREE subscription to VitaBowl + a FREE Box of our first batch of VitaJuice + Reservation at Altelier Crenn in San Francisco + meet the founding team + photo opportunity with Celebrity Chef Dominique Crenn and copy of her signed book + be involved in the R&D process of one frozen product SKU + consultation with our Chief Nutritionist Sarah Brandow. Continental US Shipping Only Limited.
*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 non-bonus share 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 non-bonus share perks because they would be receiving a benefit from their IRA account.
StartEngine Owners' Bonus
Probiotic Labs, Inc. (d/b/a VitaBowl) 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 300 shares of Common Stock at $1.26 / share, you will receive 330 shares of Common Stock, meaning you'll own 330 shares for $378. 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 canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonuses.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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