SAFE (Simple Agreement for Future Equity)
$20M Valuation Cap| 20% Discount
4818 Golden Foothill Pkwy #9, El Dorado Hills, CA 95762
Description of Business
SlideBelts is a wearable tech company that designs, manufactures and sells innovative ratchet belts without holes.
Type of Security Offered
Purchase Price of Security Offered
Minimum Investment Amount
Your SAFE will convert to Class A Non-Voting Common Stock at a discounted price using either the Valuation Cap or Discount Rate, whichever results in more shares to you, the SAFE holder.
The SAFE is intended to be an alternative to convertible notes, with no interest rate, maturity date or automatic conversion at a priced round. For the protection of both the company and SAFE holders we have also removed investor pro rata, acquired a repurchase right, and added a class action waiver and arbitration clause.
Investment Limitations: Investors are subject to the following limitations on the amount they may invest in this offering, as set forth below:
- Annual income AND net worth greater than $100,000:
- 10% of the lesser of your annual income or net worth, subject to a maximum of $100,000;
- Annual income or net worth less than $100,000:
- the greater of: $2,000 or 5 percent of the lesser of the investor’s annual income or net worth.
Note: You may include the income of your spouse for purposes of determining your annual income. Your net worth must exclude the value of your primary residence, and if you have a mortgage on your residence that exceeds its worth, you must include that negative equity for purposes of determining your net worth.
Offering Exemption: This offering is being conducted by Start Engine Capital LLC (“Start Engine”), a leading investment crowdfunding platform, pursuant to Regulation CF, promulgated under Title III of the JOBS Act, and specifically Section 4(a)(6) of the Securities Act of 1933, as amended.
When do you get to realize your investment?
Good question! By joining us today and taking part in our journey, you are betting on our future. Although nothing is guaranteed, and we have no plans to sell out prematurely or liquidate any investments; any return on investment will likely be realized via an acquisition or IPO. However, the crowdfunding laws are evolving, and we are hopeful that in the not-too-distant future there will be an opportunity for our investors to sell and buy their investments via a secondary trading platform, similar to how Regulation A+ currently works. Please keep in mind the law currently requires us to lock in your investment for a period of one year, but we plan to hold onto these investments for longer.
Irregular Use of Proceeds
There is no intended irregular use of the crowdfunding proceeds in this offering.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.