# EDGAR Filing Document

**Accession Number:** 0001747584
**File Stem:** 0001670254-23-000085
**Filing Date:** 2023-2
**Character Count:** 362048
**Document Hash:** 4604429f0b968fa942d337fe62f36bb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000085.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001670254-23-000085

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Raise Green, Inc.
- **CENTRAL INDEX KEY:** 0001747584
- **IRS NUMBER:** 611881149
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31750
- **FILM NUMBER:** 23598713

**BUSINESS ADDRESS:**
- **STREET 1:** 444 SOMERVILLE AVE.
- **CITY:** SOMERVILLE
- **STATE:** MA
- **ZIP:** 02143
- **BUSINESS PHONE:** 8315882191

**MAIL ADDRESS:**
- **STREET 1:** 444 SOMERVILLE AVE.
- **CITY:** SOMERVILLE
- **STATE:** MA
- **ZIP:** 02143

## Ex-99

### Attached PDF Documents

**Attachment 1:** `document_1.pdf`

# Form C

## Cover Page

Name of issuer:

Raise Green, Inc.

Legal status of issuer:

Form: Corporation

Jurisdiction of Incorporation/Organization: DE

Date of organization: 3/29/2018

Physical address of issuer:

444 SOMERVILLE AVE
Raise Green
SOMERVILLE MA 02143

Website of issuer:

www.raisegreen.com

Name of intermediary through which the offering will be conducted:

Wefunder Portal LLC

CIK number of intermediary:

0001670254

SEC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:

5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

Any other direct or indirect interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:

No

Type of security offered:

☐ Common Stock
☐ Preferred Stock
☐ Debt
☑ Other

If Other, describe the security offered:

Simple Agreement for Future Equity (SAFE)

Target number of securities to be offered:

100,000

Price:

$1.00000

Method for determining price:

Pro-rated portion of the total principal value of $100,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

Target offering amount:

$100,000.00

Oversubscriptions accepted:

☑ Yes
☐ No

If yes, disclose how oversubscriptions will be allocated:

☐ Pro-rata basis
☐ First-come, first-served basis
☑ Other

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

Maximum offering amount (if different from target offering amount):

$500,000.00

Deadline to reach the target offering amount:

4/30/2023

NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

Current number of employees:

8

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $241,498.00 | $6,461.00 |
| Cash & Cash Equivalents: | $209,396.00 | $5,195.00 |
| Accounts Receivable: | $0.00 | $0.00 |
| Short-term Debt: | $937,387.00 | $140,046.00 |
| Long-term Debt: | $740,000.00 | $375,000.00 |
| Revenues/Sales: | $263,830.00 | $13,550.00 |
| Cost of Goods Sold: | $0.00 | $0.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | ($927,304.00) | ($506,554.00) |

Select the jurisdictions in which the issuer intends to offer the securities:

AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, BS, GU, PR, VI, IV

## Offering Statement

Respond to each question in each paragraph of this part. Set forth each question and any notes, but not any instructions thereto, in their entirety. If disclosure in response to any question is responsive to one or more other questions, it is not necessary to repeat the disclosure. If a question or series of questions is inapplicable or the response is available elsewhere in the Form, either state that it is inapplicable, include a cross-reference to the

responsive disclosure, or omit the question or series of questions.

Be very careful and precise in answering all questions. Give full and complete answers so that they are not misleading under the circumstances involved. Do not discuss any future performance or other anticipated event unless you have a reasonable basis to believe that it will actually occur within the foreseeable future. If any answer requiring significant information is materially inaccurate, incomplete or misleading, the Company, its management and principal shareholders may be liable to investors based on that information.

## THE COMPANY

1. Name of issuer:

Raise Green, Inc.

## COMPANY ELIGIBILITY

2. ☑ Check this box to certify that all of the following statements are true for the issuer.

- Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding.
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

INSTRUCTION TO QUESTION 2: If any of these statements are not true, then you are NOT eligible to rely on this exemption under Section 4(a)(6) of the Securities Act.

3. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding?

☐ Yes ☑ No

## DIRECTORS OF THE COMPANY

4. Provide the following information about each director (and any persons occupying a similar status or performing a similar function) of the issuer.

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Franz Hochstrasser | CEO and Co-Founder, Chairman | Raise Green, Inc. | 2018 |
| Andy Rapkin | President | Remedios, LLC | 2021 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

## OFFICERS OF THE COMPANY

5. Provide the following information about each officer (and any persons occupying a similar status or performing a similar function) of the issuer.

| Officer | Positions Held | Year Joined |
| --- | --- | --- |
| Alison Silverstein | COO | 2022 |
| Franz Hochstrasser | CEO | 2018 |
| Jacqueline Logan | CIO | 2020 |

For three years of business experience, refer to Appendix D: Director &

## Officer Work History.

*INSTRUCTION TO QUESTION 5: For purposes of this Question 5, the term officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person that routinely performing similar functions.*

## PRINCIPAL SECURITY HOLDERS

6. Provide the name and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power.

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| Matthew Moroney | 3420000.0 Common Stock | 41.7 |
| Franz Hochstrasser | 3580000.0 Common Stock | 43.7 |

*INSTRUCTION TO QUESTION 6: The above information must be provided as of a date that is no more than 120 days prior to the date of filing of this offering statement.*

*To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or control - as, for example, a co-trustee) they should be included as being 'beneficially owned.' You should include an explanation of these circumstances in a footnote to the 'Number of and Class of Securities Now Held.' To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.*

## BUSINESS AND ANTICIPATED BUSINESS PLAN

7. Describe in detail the business of the issuer and the anticipated business plan of the issuer.

For a description of our business and our business plan, please refer to the attached Appendix A, Business Description & Plan

*INSTRUCTION TO QUESTION 7: Wefunder will provide your company's Wefunder profile as an appendix (Appendix A) to the Form C in PDF format. The submission will include all Q&A items and 'read more' links in an un-collapsed format. All videos will be transcribed.*

*This means that any information provided in your Wefunder profile will be provided to the SEC in response to this question. As a result, your company will be potentially liable for misstatements and omissions in your profile under the Securities Act of 1933, which requires you to provide material information related to your business and anticipated business plan. Please review your Wefunder profile carefully to ensure it provides all material information, is not false or misleading, and does not omit any information that would cause the information included to be false or misleading.*

## RISK FACTORS

**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.**

8. Discuss the material factors that make an investment in the issuer speculative or risky:

☐ Speculative

The Company's business objectives must be considered highly speculative. No assurance can be given that an Investor will realize their investment objectives or will realize a substantial return (if any) in their investment or that they would not lose their entire investment in the Company. As a result, each prospective Investor should carefully read this Form C. EACH PROSPECTIVE INVESTOR SHOULD CONSULT WITH HIS/HER/ITS ATTORNEYS, ACCOUNTANTS, AND BUSINESS ADVISORS PRIOR TO MAKING AN INVESTMENT.

Limited Operating History

The Company and its business are continuing to be developed, in part, with the proceeds of the Offering. The Company, which was organized in 2018, has a limited history of operations or earnings. There can be no assurance that we will ever operate profitably. The likelihood of our success should be considered in light of the problems, expenses, difficulties, complications and delays usually encountered by early stage companies. Given the newness of the industry, the founding team does not have significant operating history in this sector. The Company may not be successful in attaining the objectives necessary for it to overcome these risks and uncertainties.

Early-stage Product Development

Within this nascent industry, there can be no assurance that the Company will successfully develop products, attract customers and establish partnerships, among other areas, necessary to achieve its business plans and reach profitability in the short, medium or long term. The Company is engaged in a business that did not exist before Regulation Crowdfunding became effective in 2016. Consequently, our business model is relatively new and untested. To a large extent, we and our competitors are literally inventing the business model as we go. We have few if any examples of how to become profitable in the JOBS Act market, but as yet there is no proof that a successful model can be built.

Two Sided Marketplace

Unlike businesses with one product to sell into a market, the Company has two sides to develop. The Company must attract investors. Our business model relies on the Company bringing in investors and their investing in offerings on the platform. Investing online in risky offerings is new and represents a change in behavior and education. We are counting on the rapid growth of our investor base to meet revenue expectations. There is no guarantee that we will be able to grow our active investor base. The Company must attract projects and companies in the climate solution space that meet the Company's requirements to launch on the platform for investment. Investment crowdfunding leans on the ability of the issuing company to bring in their community of loyal followers to invest in their offering. Consumer facing brands have natural followers and a public presence - it is baked into their business plan, while non consumer facing brands or projects may not. Many of the climate related projects and companies may not be consumer facing and thus may lean on the Company's investor base for successful raises.

Contractor risk

We, at times, may depend on suppliers and contractors to meet our contractual obligations to our customers and conduct our operations. Our ability to meet our obligations to our customers may be adversely affected if suppliers or contractors do not provide the agreed-upon supplies or perform the agreed-upon services in compliance with customer and regulatory requirements and in a timely and cost-effective manner. Our suppliers may be unable to quickly recover from natural disasters and other events beyond their control and may be subject to additional risks such as financial problems that limit their ability to conduct their operations. The risk of these adverse effects may be greater in circumstances where we, or issuing companies using our services, rely on only one or two contractors or suppliers for a particular component or service. The Company's ability to increase service offerings to our customers is, at times, highly dependent on suppliers and contractors ability and commitment to support requests we make of them. If they are not willing or able to respond, we could fall behind on delivering new services, or fall behind competitively which could negatively impact our

competitive position and reputation, adversely affecting our business and results of operations. Certain third party providers, in particular our software provider, are critical to our business, and given the nature of their products and services, are not easily replaced. Some of these are start ups themselves which means they have higher risk to their business model and may not survive. Should a third party provider go out of business or pivot their business such that the service is no longer available, that could be highly problematic to our operations, and could cause serious disruptions to our business plan. When a Company has a service provider that is so critical to its business, the provider does have certain pricing power over its customers and could implement price increases that are difficult for the Company to renegotiate.

Reputational Risk

Our reputation and the quality of our brand are critical to our business and success in existing markets, and will be critical to our success as we enter new markets. Any incident that erodes consumer loyalty for our brand could significantly reduce its value and damage our business. We may be adversely affected by any negative publicity, regardless of its accuracy. Also, there has been a marked increase in the use of social media platforms and similar devices, including blogs, social media websites and other forms of internet-based communications that provide individuals with access to a broad audience of consumers and other interested persons. The availability of information on social media platforms is virtually immediate as is its impact. Information posted may be adverse to our interests or may be inaccurate, each of which may harm our performance, prospects or business. The harm may be immediate and may disseminate rapidly and broadly, without affording us an opportunity for redress or correction. Damage to our reputation could negatively impact our business, financial condition and results of operations.

There is a risk that the offerings listed on the platform do not return the financial returns investors expect. While risks are clearly disclosed on a per investment basis, and the Company follows the regulatory limitations for individual investor’s investment amounts, investors still may be disappointed for a variety of reasons. This could potentially negatively impact the reputation of the platform and thus investor interest in offerings.

Technology Risk

Our business is heavily reliant on technology and data. It has become standard for companies that rely on this to experience attacks on information infrastructure where companies manage and store various proprietary information and sensitive/confidential data relating to operations. These can be sophisticated malware (viruses, worms, and other malicious software programs) and phishing emails that attack products or otherwise exploit any security vulnerabilities. Some attacks may be malware that are difficult to identify because they are not included in the signature set of commercially available antivirus scanning programs. Experienced computer programmers and hackers may be able to penetrate our network security and misappropriate or compromise our confidential information or that of our customers or other third-parties, create system disruptions, or cause shutdowns. Additionally, sophisticated software and applications that we produce or procure from third-parties may contain defects in design or manufacture, including “bugs” and other problems that could unexpectedly interfere with the operation of the information infrastructure. A disruption, infiltration or failure of our information infrastructure systems or any of our data centers as a result of software or hardware malfunctions, computer viruses, cyber-attacks, employee theft or misuse, power disruptions, natural disasters or accidents could cause breaches of data security, loss of critical data and performance delays, which in turn could adversely affect our business.

Customer Data Risk

The Company must gather, hold and transmit customer personally identifiable data. Much of this is maintained by third party providers but the Company also may maintain certain internal databases. The integrity and protection of that data is critical from multiple angles including but not limited to, reputational risk, regulatory, legal risk, and business risk. There is increasing focus and ever changing regulations by regulators

globally to meet privacy and usage protocols. In this rapidly changing field, the Company cannot control actions or protocols of its third party providers. Should the Company experience significant theft, loss or misappropriation of, or access to, customers' or other proprietary data or other breach of our information technology systems, this could result in fines, legal claims or proceedings. In order for the Company to execute its business plan, customers must feel their data is secure. Any breach related to customer data would impact investor confidence to provide data to open an account and execute transactions, among other things, which would negatively impact our ability to do business.

Intellectual property rights

The Company relies on certain intellectual property rights to operate its business. The Company's intellectual property rights protections may not be sufficiently broad or otherwise may not provide us a significant competitive advantage. In addition, the steps that we have taken to maintain and protect our intellectual property may not prevent it from being challenged, invalidated, circumvented or designed-around, particularly in countries where intellectual property rights are not highly developed or protected. Our failure to obtain or maintain intellectual property rights that convey competitive advantage, adequately protect our intellectual property or detect or prevent circumvention or unauthorized use of such property, could adversely impact our competitive position and results of operations. We also rely on nondisclosure and noncompetition agreements with employees, consultants and other parties to protect, in part, trade secrets and other proprietary rights. There can be no assurance that these agreements will adequately protect our trade secrets and other proprietary rights and will not be breached, that we will have adequate remedies for any breach, that others will not independently develop substantially equivalent proprietary information or that third parties will not otherwise gain access to our trade secrets or other proprietary rights. As we expand our business, protecting our intellectual property will become increasingly important. The protective steps we have taken may be inadequate to deter our competitors from using our proprietary information. In order to protect or enforce our intellectual property rights, we may be required to initiate litigation against third parties, such as infringement lawsuits. Also, these third parties may assert claims against us with or without provocation. These lawsuits could be expensive, take significant time and could divert management's attention from other business concerns. The law relating to the scope and validity of claims in the technology field in which we operate is still evolving and, consequently, intellectual property positions in our industry are generally uncertain. We cannot assure you that we will prevail in any of these potential suits or that the damages or other remedies awarded, if any, would be commercially valuable.

Competition

There is the significant threat of both direct and indirect competition. Other companies are developing businesses that focus on using Regulation Crowdfunding for sustainable and impact investing, while another set offer financing solutions for clean energy projects and climate-related businesses. With the climate crisis worsening, the sustainable investing and Environmental, Social and Governance (ESG) space has big tailwinds and has become very popular. Most companies now feel they have to offer something in this space to compete. And investors can expect that competitors will continue to enter the space directly or make acquisitions in the space, and those competitors will include those with large resources behind them. Large financial institutions could enter this space as well. Not only do these potential competitors possibly have significant resources to build their presence but they may be able to pull from existing relationships in investment banking, private wealth, institutional investors, and asset management businesses to seed issuers and investors. The activity of these companies may lead to slower growth for the Company than expected. They may attract the Company's current customers - investors and issuers - leading to a loss of business and an inability to become profitable or raise additional capital.

Incumbent Competition

The Company is competing against incumbents in the Regulation

Crowdfunding industry. There are multiple funding portals in existence and new ones likely to arrive in 2023 and beyond. To date the space is dominated by several platforms which serve a very broad issuer type and have a head start on developing their platforms. The Company may not be able to offer significant differentiation to its customers to compete with the incumbents. The incumbents have significantly more resources and revenue than the Company which will help them build out their operational services or they may choose to acquire or develop a directly competitive offering to the Company - that may challenge its growth. Given this is a business that requires large transaction volumes, there may be a consolidation in the industry further empowering the larger platforms and reducing the likelihood the smaller competitors will survive.

#### Business Model

The Company expects to derive most of its revenue from fees earned from successful raises on the platform. This business model has not been broadly confirmed to be profitable. Scalability and capital efficiency, in part, will be an important part of our ability to become profitable - more offerings and more transactions by investors - enabling the growth of revenue while keeping costs down. We cannot be sure that our marketplace and internal processes will be able to meet this challenge. An overlay to interest in attracting issuers and investors is the general market condition for access to capital and investing. Currently, the market is very volatile in particular with the uncertainty around interest rates and inflation. As we are a growing community that derives revenue through transactions, we rely on the ongoing willingness of market participants to transact to grow our revenue. Uncertain markets may have disproportionate impacts on risky and illiquid assets such as private securities which the funding portal is registered to issue.

#### Business Projections

Business projections may not be reached. Forecasting revenues and expenses, particularly with limited track record as a business and industry, is unlikely to be accurate. Projections are based on a series of assumptions that may or may not turn out to be correct. The Company may not have accounted for all possible scenarios. Operating costs such as taxes and costs of scaling and expansion are hard to predict. Investors can expect that the business projections will be modified frequently to adjust for actual results and market trends.

#### New products and services

As an early-stage company, we may implement new lines of business at any time. There are substantial risks and uncertainties associated with these efforts, particularly in instances where the markets are not fully developed. In developing and marketing new lines of business and/or new products and services, we may invest significant time and resources. Initial timetables for the introduction and development of new lines of business and/or new products or services may not be achieved, and price and profitability targets may not prove feasible. We may not be successful in introducing new products and services in response to industry trends or developments in technology, or those new products may not achieve market acceptance. As a result, we could lose business, be forced to price products and services on less advantageous terms to retain or attract clients or be subject to cost increases. As a result, our business, financial condition or results of operations may be adversely affected. As the Company seeks to become profitable, we may determine that steering the Company into other business lines is needed. That may include but is not limited to reducing the emphasis placed on the company's funding portal business, other aspects or services to compliment or accelerate the development, financing and deployment of climate solutions, or other business activities as the Company may see fit. The Company also could be required to or desire to take on new registrations, such as a broker-dealer or investment advisor, depending on the current or future business activities which would add additional compliance obligations, expenses, and risk. The Company will respond to emerging market conditions and opportunities as it sees best fit.

#### Investment is not a Diversified Investment

The Company is focused in the sustainable investment space which has

gained significant momentum in recent years. However the current market and economic conditions and the regulatory focus on greenwashing and climate-related risk disclosure, all may take a toll on the attractiveness of the sector. The Company is a “non-diversified” investment and changes in the financial condition or market value in its industry may cause a greater fluctuation than in a “diversified investment”.

#### General economic conditions

The success of the Company can be impacted by general economic conditions. Global crises and geopolitical events can dramatically impact the US economy, financial markets, and investor appetite for investing. Currently, the war in Ukraine, the inflationary conditions in the US and globally, and the Federal Reserve’s current policy to raise rates, add to the uncertainty for the US and global economy as well as financial markets. Economic conditions like these can have a significant effect on our business operations and revenue projections.

#### COVID-19

COVID-19 continues to have ripple effects in the US and global outlook. Additional variants of Covid continue to develop and not all populations have had full access to vaccines and treatments. Although some segments of the economy have recovered, others have not. Moreover, the recovery has been fueled by infusions of Federal spending and historic actions by the Federal Reserve to provide liquidity, neither of which is likely to be sustainable in the long term. The Fed is currently seeking to unwind this support. There remains much uncertainty as to how ensuing measures taken by the Fed or governments in response to the Covid pandemic will impact the economy. The lingering effects of COVID-19 create uncertainty around our business model.

#### Force Majeure

Contracts the Company has with service providers to us and certain contracts we have in the performance of our duties as a funding portal may have a force majeure clause. In those cases, the provision relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise, making performance inadvisable, commercially impracticable, illegal, or impossible. Should this occur, this could have a negative impact on the Company’s ability to carry out its business plan or meet certain expected returns. As a result of climate change, the threat of extreme weather events like tropical storms and flash floods is increasing. A natural disaster or another event beyond the control of the Company could cause damage to the Company’s equipment, team or customers and functionality that could disrupt operations of the employees or customers, or otherwise hinder the Company’s ability to operate, succeed and become profitable.

#### Regulatory Compliance

The Company is subject to regulation by the Securities Exchange Commission and the Financial Industry Regulatory Authority. Despite best efforts, the Company may become subject to investigations on its compliance with regulations set forth by these organizations. Such investigations may incur costs and require staff time that may reduce resources available for growth. Investigations may lead to significant financial penalties that may threaten the viability of the Company. We are also subject to a wide range of federal, state, and local laws and regulations, such as licensing requirements, environmental, health and safety, creditor, wage-hour, anti-discrimination, whistleblower, and other employment practices laws and regulations and we expect these costs to increase going forward. The violation of these or future requirements or laws and regulations could result in administrative, civil, or criminal sanctions against us, which may include fines, a cease and desist order against the subject operations, or even revocation or suspension of our license to operate the subject business. As a result, we have incurred and will continue to incur capital and operating expenditures and other costs to comply with these requirements and laws and regulations.

#### Key Personnel

The Company is very dependent on its founders and key personnel. If anything catastrophic were to happen to the Company's founders, or key personnel, the future of the Company may be compromised. The Company has not purchased any insurance policies with respect to those individuals in the event of their death or disability. Therefore, if any of these personnel die or become disabled, the Company will not receive any compensation to assist with such a person's absence. We have no way to guarantee key personnel will stay with the Company, as many states do not enforce non-competition agreements, and therefore acquiring key man insurance will not ameliorate all of the risk of relying on key personnel. The Company's success depends on the experience and skill of the board of directors, its executive officers and key employees. To be successful, the Company needs people to run the day to day operations. As the Company grows, it may on occasion need to attract and hire key personnel or contract for additional services like marketing, sales, development, finance, legal, and other areas. The Company may not be able to locate this personnel when needed or may make hiring mistakes. A tight labor supply adds to the challenges of hiring and cost management. If we can't attract qualified personnel or we make hiring mistakes, this could adversely affect our business, financial condition, and operating results. An Investor should also be aware that a portion of their investment may fund the compensation of the Company's employees, including its management. An Investor should carefully review any disclosure regarding the company's use of proceeds.

#### Lack of Company Control

Investors will not have the ability to participate in the company's decision making process and must rely on management of the Company.

#### Undercapitalization

The amount of capital the Company is attempting to raise in this Offering may not be enough to sustain the Company's current business plan. In order to achieve the Company's near and long-term goals, the Company will need to procure funds in addition to the amount raised in the Offering. There is no guarantee the Company will be able to raise such funds on acceptable terms. If we are not able to raise sufficient capital in the future, we may not be able to execute our business plan, our continued operations will be in jeopardy and we may be forced to cease operations and sell or otherwise transfer all or substantially all of our remaining assets, which could cause an Investor to lose all or a portion of their investment.

#### Use of Proceeds

While the Company intends to use funds raised in the Offering in a manner consistent with that listed in the Use of Proceeds section, the Company ultimately has discretion over the use of the proceeds to use in legitimate ways for its business. Investors have no control over the ultimate use of raised funds.

#### Litigation Risk

The Company is working with trusted and experienced partners, seeks to comply with all regulations to which it is subject, and seeks to handle its employees, customers and general public with respect and care. However, there is always a risk of litigation against the Company. The Company works in the investment and capital markets industry - and particularly is focused on retail investors where both regulators and legal frameworks seek to protect. Even potential lawsuits can harm the Company reputationally and financially, usurp time, and impact the business projections. Specifically related to this Offering of SAFEs, we are relying on an exemption from the Securities Laws the Securities Act of 1933 under Regulation CF. We have relied on the advice of counsel and believe we qualify for this exemption. If we did not qualify, we could be subject to penalties imposed by the Federal government, State regulators and lawsuits from investors.

#### Legal Interpretation, changes to laws and regulations

Many US securities laws date back to the first half of the 20th century, and it is challenging to determine how these laws apply to the 2020's in the age of on-line investing and the internet, whereas Regulation

Crowdfunding, which was authorized by the JOBS Act of 2012, is relatively new, is still in the process of being developed and subject to changes, new guidance, and misinterpretation. Congress is actively reviewing Regulation CF currently, and we anticipate the possibility of modifications, potentially in the near term. All this to say, that the business must work within the regulation, and there is room for uncertainty.

#### Financial Controls for Small Companies

The Company may not have the internal control infrastructure that would meet the standards of a public company, including the requirements of the Sarbanes Oxley Act of 2002. As a privately-held (non-public) Company, the Company is currently not subject to the Sarbanes Oxley Act of 2002, and its financial and disclosure controls and procedures reflect its status as a development stage, non-public company. There can be no guarantee that there are no significant deficiencies or material weaknesses in the quality of the Company's financial and disclosure controls and procedures. If it were necessary to implement such financial and disclosure controls and procedures, the cost to the Company of such compliance could be substantial and could have a material adverse effect on the Company's results of operations.

#### Prospective Investors Should Not Rely on the Past Success of the Company, the Manager or its Affiliates

Any prior transactions sponsored by the Company, the Manager or the Company's affiliates should not be relied upon by prospective Investors to anticipate the success of this Offering or the Company. Such generalizations are difficult to make, and prospective Investors should not, therefore, rely on any prior transaction discussions to anticipate the success of this Offering or the Company.

#### Limited disclosure

The Company may disclose only limited information about the Company, its business plan, the Offering, and its anticipated use of proceeds, among other things. The Company is also only obligated to file information annually regarding its business, including financial statements, and certain companies may not be required to provide annual reports after the first 12 months. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events - continuing disclosure that you can use to evaluate the status of your investment. In contrast, an Investor may have only limited continuing disclosure about their crowdfunding investment. Investors will not receive any of the benefits available in registered offerings, which may include access to quarterly and annual financial statements that have been audited by an independent accounting firm. Investors must therefore assess the adequacy of disclosure and the fairness of the terms of this Offering based on the information provided in this Form C and the accompanying exhibits. The U.S. Securities and Exchange Commission does not pass upon the merits of the Securities or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering document or literature. The U.S. Securities and Exchange Commission has not reviewed this Form C, nor any document or literature related to this Offering.

Investors will be unable to declare the Security in 'default' and demand repayment.

Unlike convertible notes and some other securities or indebtedness, the SAFEs do not have any 'default' provisions upon which Investors will be able to demand repayment of their investment. Only in limited circumstances, such as a liquidity event, may Investors demand payment and even then, such payments will be limited to the amount of cash available to the Company.

#### SPV Structure and Lead Investor

Use of the SPV structure in Regulation CF offerings as a co-issuer to simplify an issuers cap table and provide a coordinated point of contact for both company and investors, was only recently approved in March 2021. As with any new regulations, the market can take some time to fully understand all aspects of the new rule, and thus introduces some uncertainty to the structure. Everything is managed by the owner of the SPV, which is WeFunder Admin LLC, so if an individual investor does have

concerns, they must bring them to the manager of the SPV to work with the company on their behalf. The Lead Investor plays an important role in certain voting decisions and paperwork on behalf of the crowdfund investors in the SPV. There is always a risk that the Lead Investor makes a decision that an Investor may consider not to be optimal.

Equity securities acquired upon conversion of the SAFES may be significantly diluted as a consequence of subsequent equity financings.

The Company's equity and SAFE securities will be subject to dilution. The Company anticipates a need to issue additional equity to raise third-party financing sources in amounts that are uncertain at this time, and as a consequence holders of equity securities resulting from the conversion of the Securities will be subject to dilution in an unpredictable amount. Such dilution may reduce the Investor's economic interest in the Company. The amount of additional financing needed by the Company will depend upon several contingencies not foreseen at the time of this Offering. Generally, additional financing (whether in the form of loans or the issuance of other securities) would be intended to provide the Company with enough capital to reach the next major corporate milestone. If the funds received in any additional financing are not sufficient to meet the Company's needs, the Company may have to raise additional capital at a price unfavorable to their existing investors, including the holders of the Securities. The availability of capital is at least partially a function of capital market conditions that are beyond the control of the Company. There can be no assurance that the Company will be able to accurately predict the future capital requirements necessary for success or that additional funds will be available from any source. Failure to obtain financing on favorable terms could dilute or otherwise severely impair the value of the Securities.

#### Valuation Risk

There is no present market for the SAFES and the Company has set the price based on its previous investments and knowledge of the market, its market position, and its competitive advantage at the time of the Offering. The Offering price was not established by a third-party in a competitive market thus the price has been set arbitrarily for the SAFES with reference to the general status of the securities market and other relevant factors. The Offering price for the SAFES should not be considered an indication of the actual value of the SAFES and is not based on the Company's asset value, net worth, revenues or other established criteria of value. There is no guarantee that the SAFES can be resold at the Offering price or at any other price.

#### Market, Inflation, and Interest Rate

Any investment is subject to general market risk. Market risk is the impact of the overall condition of financial markets. When the markets are doing well, that sentiment generally carries over to individual securities - and vice versa. Geopolitical, economic, and other uncertainties can impact the markets significantly, creating increased volatility. Generally, volatile markets can be a cause for reduced valuations of companies and investments. Inflation and interest rate risk can operate separately or in tandem. Interest rate risk impacts a business by potentially increasing their costs to do business e.g., borrowing costs. If you couple this with rise in rates due to inflation, then the value of the dollars the company earns is worth less. Not all businesses can pass on higher costs to their customers. And this increases the possibility that demand is reduced and that customers may pull back from purchases.

#### No Public Market; Transfer and Sales Limitations

There is no public market for, and the investor may be unable to sell the SAFES, and if converted the equity interests. Investors should assume their investment is illiquid and no public market will be available. No transfer of the SAFES or if converted the equity securities may be made unless the transfer is registered under the Securities Act and applicable state securities laws, or an exemption is available. As a precondition to the effectiveness of any such transfer or sale, the Company may require the transferor to provide it with an opinion of legal counsel stating that the transfer is legal and to pay any costs the Company incurs in connection with the transfer. The costs of a legal opinion can be burdensome. Additionally, during the first year after issuance of the

SAFEs, or if the securities are converted in that time period to equity interests, there are additional Regulation CF restrictions that limit to whom the holder can transfer or sell the securities. If converted to equity interests, Rule 144, which permits the resale of equity interests, subject to various terms and conditions of restricted securities after they have been held for one year, does not apply to the equity securities of the Company, because the Company is not required to file and does not file current reports under the Securities Exchange Act of 1934, as amended. The Company cannot assure the investor that the Company will become a reporting company in the foreseeable future or that any market for its stock will develop at any future date or that such market, if any, will be sufficiently active to provide liquidity. These limitations may further impact the ability to find a buyer and the valuation of the security.

#### No Tax Advice

No assurance or warranty of any kind is made with respect to any tax consequences relating to an investment in the Company. Each prospective investor should consult with and rely solely upon the advice of his, her or its own tax advisers.

#### The Offering

##### Rolling Closes, Closing Early, and Allocations

Once the offering hits its minimum target amount and has been open for 21 days, the Company can choose to close the Offering early or execute a Rolling Close. A Rolling Close allows the Company to close on investment commitments and draw down proceeds from those investment commitments during the relevant period and continue on with the Offering to collect additional investment. If the Company chooses to continue their Offering afterward, and a later material change occurs as the Offering continues, investors who had their investment commitment closed upon will not have the opportunity to re-confirm or cancel their investment commitment as it is considered completed and they are investors in the Company. If an investor's investment commitment was completed and the investor decides to invest again in the same Offering, they will do so by initiating a new investment commitment subject to the cancellation rights of the relevant period. Early-stage companies can be subject to material changes, and many times these changes are hard to predict and can happen with very short notice. Investors with commitments completed during a rolling close will not benefit from the material information to which later investors will have access. If the Company chooses to close the Offering early i.e. before its originally publicized Close Date if you fail to participate in the Offering in a timely manner, you will be prevented from being able to invest in this Offering. The Company will select the final investor list - there is no guarantee that an investor who places a commitment and pays for the purchase, will ultimately be included in the final investor list, particularly in the situation of more investment commitments than the maximum goal of the Company.

##### Green Investment, ESG, Impact and other Labels

The Company's focus is in clean energy and climate solutions-focused companies and drawing investors that are not only interested in a financial return but also the social and/or environmental impact benefits. Labels such as 'green', 'Environmental, Social and Governance' or 'ESG', or 'Impact' are not singularly defined. There is no one standard to determine what equates to a benefit - and how to measure benefits; the quality of data remains inconsistent and is still in its early stages of development. What might be a benefit or valuable impact to one person may not be to another. At this time, the Company has not created its own peer-reviewed tracking mechanism to measure the impact benefits and may rely on third-party metrics, methodologies or generalized information to provide estimates of impact which themselves may be incomplete or inaccurate. The Company does not guarantee that by listing an offering on its platform for investment that the issuing company will follow through and create the benefits that they disclosed at time of investment. All this uncertainty is an inherent risk for reputational, regulatory, or potentially legal risk for the Company.

#### SAFE Risks

Long term hold

The SAFE has no maturity date. Hence, you could be forced to hold your SAFE indefinitely.

As there is no public market, and there may never be one, along with other transfer restrictions, the investor is unlikely to be able to find a willing buyer to sell their security. The investor must therefore bear the economic risks of its investment for an indefinite period of time.

#### No Voting Rights

The SAFE holder has no rights to vote and even upon conversion of the SAFE into equity interests, the holder will essentially never be able to vote individually upon any matters of the Company, except as required by law. You will have very limited or no ability to influence or control the management of the Company.

Investors will not be entitled to any inspection or information rights other than those required by law.

Investors will not have the right to inspect the books and records of the Company or to receive financial or other information from the Company, other than as required by law. Other security holders, Directors or Officers, or beneficial owners of the Company may have such rights. Regulation CF requires only the provision of an annual report (the Form C-AR) and no additional information. Additionally, there are numerous methods by which the Company can terminate annual report obligations, resulting in no information rights, contractual, statutory or otherwise, owed to investors. This lack of information could mean that investors have less information with respect to other security holders, including certain security holders who have rights to periodic financial statements and updates from the Company such as quarterly unaudited financials, annual projections and budgets, and monthly progress reports, among other things.

#### Event of Default or Sale of the Company

In the event of the dissolution or bankruptcy of the Company, or a liquidity event such as the sale of the Company, the holders of the SAFEs that have yet to convert will be entitled to distributions once all of the creditors and more senior security holders have been paid in full. There is no guarantee that SAFE holders will receive their investment back and an additional return. As a SAFE holder, you may be ahead of equity interests outstanding at the time of the event for a payout; once the SAFE has converted, you may have the same liquidation or dissolution status as the equity triggering the conversion which is unknown at this time. Equity interests are typically the last security type to be paid out - and for an early stage start up - this may result in investors not receiving your investment back or realizing any profit on your investment.

#### Insufficient liquidity

Upon the occurrence of certain events, holders of the SAFES may be entitled to a return of the principal amount invested. Despite the contractual provisions in the Securities, this right cannot be guaranteed if the Company does not have sufficient liquid assets on hand. Therefore, potential investors should not assume a guaranteed return of their investment amount.

#### Risks Related to Minority Ownership Factors

SAFE investors have no voting rights. Upon conversion, they will be minority shareholders with no voting rights. They will not have an input on decisions made by the Board and/or the Principal Shareholders. Investors in this offering may have less rights than other investors.

#### Risks Related to Certain Corporate Actions

##### Additional issuances of securities

The Company may issue additional securities of the same, or different, class, to the Securities of this offering which may reduce the value due to dilution. Those additional issuances may have preferred rights or other preferential treatment that negatively impact the SAFE-holders ability to receive a dividend or expected return.

##### Company repurchases of securities

Any repurchase of securities potentially reduces the Company's available funds to support its business. Repurchases of Securities issued in this offering may be at a lesser value than they were purchased for. SAFE and minority shareholders will have no rights to influence the decision to repurchase shares.

A sale of the Company or of assets of the Company

A sale of the Company may be at a lesser value than the valuation you might expect for the Company. A sale of assets may decrease the valuation of the Company, reducing the value of the SAFEs. SAFE holders and minority shareholders will have no rights to influence the decision to sell the Company or assets of the Company.

Transactions with related parties

Any related party transaction that results in Company expenditures, potentially reduces the Company's available funds, which could create an increased risk that sufficient funds may not be available to for key business investments. In addition, it is possible that a related party transaction may be on terms that are not reflective of fair market value or result in an issuance of securities with greater rights than Securities in this offering.

IN ADDITION TO THE RISKS LISTED ABOVE, RISKS AND UNCERTAINTIES NOT PRESENTLY KNOWN, OR WHICH WE CONSIDER IMMATERIAL AS OF THE DATE OF THIS FORM C, MAY ALSO HAVE AN ADVERSE EFFECT ON OUR BUSINESS AND RESULT IN THE TOTAL LOSS OF YOUR INVESTMENT.

The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company's assets or profits and have no voting rights or ability to direct the Company or its actions.

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

Unlike a debt holder, a SAFE investor is not entitled to any specific payment and is deemed to bear the greatest risk to get a return, but also the greater opportunity for a higher return commonly referred to as risk vs return. The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities for a prolonged period of time or even in perpetuity. If the SAFE converts, the Lead Investor on behalf of all Investors in the SPV will be required to sign whatever documents the new investors sign as part of the equity financing.

Should the SAFE convert to an ownership position in the Company, before dividends are paid to an equity holder, the management of the Company must approve the distribution, and is obligated to pay all senior obligations first. The equity holder is typically the last to receive any distributions. As an equity owner with no voting rights, investors will have no ability to influence the payment of dividends. As a SAFE holder, you may have the right to any dividends, as described in the SAFE.

*INSTRUCTION TO QUESTION 8: Avoid generalized statements and include only those factors that are unique to the issuer. Discussion should be tailored to the issuer's business and the offering and should not repeat the factors addressed in the legends set forth above. No specific number of risk factors is required to be identified.*

The Offering

The Offering

# USE OF FUNDS

9. What is the purpose of this offering?

The Company intends to use the net proceeds of this offering for working capital and general corporate purposes, which includes the specific items listed in Item 10 below. While the Company expects to use the net proceeds from the Offering in the manner described above, it cannot specify with certainty the particular uses of the net proceeds that it will receive from this Offering. Accordingly, the Company will have broad discretion in using these proceeds.

10. How does the issuer intend to use the proceeds of this offering?

If we raise: $100,000

Use of
Proceeds:

30% Marketing - These resources will be focused on expanding the Raise Green investor base to ensure that investors who want to invest in a green future know where to find and invest in the companies that are working to drive change. This may include paid digital advertising, PR, events and other outreach

25% Technology Development - These funds will be used to improve the investor user experience and the issuer onboarding experience. Through improved technology we can scale more effectively and efficiently on both sides of the marketplace

20% Strategic Hires - Our team is growing! We have several strategic hires planned in 2023 and 2024 to continue to grow our capacity and responsiveness

20% Admin - A small percentage of the proceeds will go toward keeping our engine running as we drive towards our goal to be revenue positive by Q3

5% Wefunder intermediary fee

If we raise: $500,000

Use of
Proceeds:

30% Marketing - These resources will be focused on expanding the Raise Green investor base to ensure that investors who want to invest in a green future know where to find and invest in the companies that are working to drive change. This may include paid digital advertising, PR, events and other outreach

30% Technology Development - These funds will be used to improve the investor user experience and the issuer onboarding experience. Through improved technology we can scale more effectively and efficiently on both sides of the marketplace. Hitting the company's Maximum Offering Amount will enable the company to spend greater resources on scaling technology.

20% Strategic Hires - Our team is growing! We have several strategic hires planned in 2023 and 2024 to continue to grow our capacity and responsiveness

15% Admin - A small percentage of the proceeds will go toward keeping our engine running as we drive towards our goal to be revenue positive by Q3

5% Wefunder intermediary fee.

INSTRUCTION TO QUESTION 10: An issuer must provide a reasonably detailed description of any intended use of proceeds, such that investors are provided with an adequate amount of information to understand how the offering proceeds will be used. If an issuer has identified a range of possible uses, the issuer should identify and describe each probable use and the factors the issuer may consider in allocating proceeds among the potential uses. If the issuer will accept proceeds in excess of the target offering amount, the issuer must describe the purpose, method for allocating oversubscriptions, and intended use of the excess proceeds with similar specificity. Please include all potential uses of the proceeds of the offering, including any that may apply only in

the case of oversubscriptions. If you do not do so, you may later be required to amend your Form C. Wefunder is not responsible for any failure by you to describe a potential use of offering proceeds.

# DELIVERY & CANCELLATIONS

11. How will the issuer complete the transaction and deliver securities to the investors?

Book Entry and Investment in the Co-Issuer. Investors will make their investments by investing in interests issued by one or more co-issuers, each of which is a special purpose vehicle ("SPV"). The SPV will invest all amounts it receives from investors in securities issued by the Company. Interests issued to investors by the SPV will be in book entry form. This means that the investor will not receive a certificate representing his or her investment. Each investment will be recorded in the books and records of the SPV. In addition, investors' interests in the investments will be recorded in each investor's "Portfolio" page on the Wefunder platform. All references in this Form C to an Investor's investment in the Company (or similar phrases) should be interpreted to include investments in a SPV.

12. How can an investor cancel an investment commitment?

NOTE: Investors may cancel an investment commitment until 48 hours prior to the deadline identified in these offering materials.

The intermediary will notify investors when the target offering amount has been met. If the issuer reaches the target offering amount prior to the deadline identified in the offering materials, it may close the offering early if it provides notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment).

If an investor does not cancel an investment commitment before the 48-hour period prior to the offering deadline, the funds will be released to the issuer upon closing of the offering and the investor will receive securities in exchange for his or her investment.

If an investor does not reconfirm his or her investment commitment after a material change is made to the offering, the investor's investment commitment will be cancelled and the committed funds will be returned.

An investor's right to cancel. An investor may cancel his or her investment commitment at any time until 48 hours prior to the offering deadline.

If there is a material change to the terms of the offering or the information provided to the investor about the offering and/or the Company, the investor will be provided notice of the change and must re-confirm his or her investment commitment within five business days of receipt of the notice. If the investor does not reconfirm, he or she will receive notifications disclosing that the commitment was cancelled, the reason for the cancellation, and the refund amount that the investor is required to receive. If a material change occurs within five business days of the maximum number of days the offering is to remain open, the offering will be extended to allow for a period of five business days for the investor to reconfirm.

If the investor cancels his or her investment commitment during the period when cancellation is permissible, or does not reconfirm a commitment in the case of a material change to the investment, or the offering does not close, all of the investor's funds will be returned within five business days.

Within five business days of cancellation of an offering by the Company, the Company will give each investor notification of the cancellation, disclose the reason for the cancellation, identify the refund amount the investor will receive, and refund the investor's funds.

The Company's right to cancel. The Investment Agreement you will execute with us provides the Company the right to cancel for any reason before the offering deadline.

If the sum of the investment commitments from all investors does not

equal or exceed the target offering amount at the time of the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

## Ownership and Capital Structure

### THE OFFERING

13. Describe the terms of the securities being offered.

To view a copy of the SAFE you will purchase, please see Appendix B, Investor Contracts.

The main terms of the SAFEs are provided below.

The SAFEs. We are offering securities in the form of a Simple Agreement for Future Equity ("SAFE"),

which provides Investors the right to preferred stock in the Company ("Preferred Stock"),

when and if the Company sponsors an equity offering that involves Preferred Stock, on the standard terms offered to other Investors.

Conversion to Preferred Equity. Based on our SAFEs, when we engage in an offering of equity interests involving preferred stock,

Investors will receive a number of shares of preferred stock calculated using the method that results in the greater number of preferred stock:

i. the total value of the Investor's investment, divided by
a. the price of preferred stock issued to new Investors multiplied by
b. the discount rate (90%), or
ii. if the valuation for the company is more than $8,000,000.00 (the "Valuation Cap"), the amount invested by the Investor divided by the quotient of
a. the Valuation Cap divided by
b. the total amount of the Company's capitalization at that time.
iii. for investors up to the first $250,000.00 of the securities, investors will receive a valuation cap of $8,000,000.00 and a discount rate of 80.0%.

Additional Terms of the Valuation Cap. For purposes of option (ii) above, the Company's capitalization calculated as of immediately prior to the Equity Financing and (without double-counting, in each case calculated on an as-converted to Common Stock basis):

- Includes all shares of Capital Stock issued and outstanding;
- Includes all Converting Securities;
- Includes all (i) issued and outstanding Options and (ii) Promised Options; and
- Includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing shall only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.

Liquidity Events. If the Company has an initial public offering or is acquired by, merged with, or otherwise taken over by another company or new owners prior to Investors in the SAFEs receiving preferred stock, Investors will receive

- proceeds equal to the greater of (i) the Purchase Amount (the "Cash-Out Amount") or (ii) the amount payable on the number of shares of Common Stock equal to the Purchase Amount divided by the Liquidity Price (the "Conversion Amount")

Liquidity Priority. In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard nonparticipating Preferred Stock. The Investor's right to receive its Cash-Out Amount is:

i. Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into Capital Stock);
ii. On par with payments for other Safes and/or Preferred Stock, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes and/or Preferred Stock, the applicable Proceeds will be distributed pro rata to the Investor and such other

Proceeds will be distributed pro rata to the investor and such other
Safes and/or Preferred Stock in proportion to the full payments that
would otherwise be due; and
iii. Senior to payments for Common Stock.

#### **Securities Issued by the SPV**

Instead of issuing its securities directly to investors, the Company has
decided to issue its securities to the SPV, which will then issue interests in
the SPV to investors. The SPV has been formed by Wefunder Admin, LLC
and is a co-issuer with the Company of the securities being offered in this
offering. The Company's use of the SPV is intended to allow investors in
the SPV to achieve the same economic exposure, voting power, and
ability to assert State and Federal law rights, and receive the same
disclosures, as if they had invested directly in the Company. The
Company's use of the SPV will not result in any additional fees being
charged to investors.

The SPV has been organized and will be operated for the sole purpose of
directly acquiring, holding and disposing of the Company's securities, will
not borrow money and will use all of the proceeds from the sale of its
securities solely to purchase a single class of securities of the Company.
As a result, an investor investing in the Company through the SPV will
have the same relationship to the Company's securities, in terms of
number, denomination, type and rights, as if the investor invested directly
in the Company.

#### **Voting Rights**

If the securities offered by the Company and those offered by the SPV
have voting rights, those voting rights may be exercised by the investor or
his or her proxy. The applicable proxy is the Lead Investor, if the Proxy
(described below) is in effect. For the investor or its proxy to be able to
vote on Company business, both the SPV and the SAFE security must
have voting rights.

#### **Proxy to the Lead Investor**

The SPV securities have voting rights. With respect to those voting rights,
the investor and his, her, or its transferees or assignees (collectively, the
"Investor"), through a power of attorney granted by Investor in the
Investor Agreement, has appointed or will appoint the Lead Investor as
the Investor's true and lawful proxy and attorney (the "Proxy") with the
power to act alone and with full power of substitution, on behalf of the
Investor to: (i) vote all securities related to the Company purchased in an
offering hosted by Wefunder Portal, and (ii) execute, in connection with
such voting power, any instrument or document that the Lead Investor
determines is necessary and appropriate in the exercise of his or her
authority. Such Proxy will be irrevocable by the Investor unless and until a
successor lead investor ("Replacement Lead Investor") takes the place of
the Lead Investor. Upon notice that a Replacement Lead Investor has
taken the place of the Lead Investor, the Investor will have five (5)
calendar days to revoke the Proxy. If the Proxy is not revoked within the
5-day time period, it shall remain in effect.

#### **Restriction on Transferability**

The SPV securities are subject to restrictions on transfer, as set forth in
the Subscription Agreement and the Limited Liability Company
Agreement of Wefunder SPV, LLC, and may not be transferred without
the prior approval of the Company, on behalf of the SPV.

14. Do the securities offered have voting rights?

☐ Yes
☑ No

15. Are there any limitations on any voting or other rights identified above?

See the above description of the Proxy to the Lead Investor.

16. How may the terms of the securities being offered be modified?

Any provision of this Safe may be amended, waived or modified by
written consent of the Company and either:

i. the Investor or
ii. the majority-in-interest of all then-outstanding Safes with the same "Post-Money Valuation Cap" and "Discount Rate" as this Safe (and Safes lacking one or both of such terms will be considered to be the same with respect to such term(s)), provided that with respect to clause (ii):
A. the Purchase Amount may not be amended, waived or modified in this manner,
B. the consent of the Investor and each holder of such Safes must be solicited (even if not obtained), and
C. such amendment, waiver or modification treats all such holders in the same manner. "Majority-in-interest" refers to the holders of the applicable group of Safes whose Safes have a total Purchase Amount greater than 50% of the total Purchase Amount of all of such applicable group of Safes.

Pursuant to authorization in the Investor Agreement between each Investor and Wefunder Portal, Wefunder Portal is authorized to take the following actions with respect to the investment contract between the Company and an investor:

A. Wefunder Portal may amend the terms of an investment contract, provided that the amended terms are more favorable to the investor than the original terms; and
B. Wefunder Portal may reduce the amount of an investor's investment if the reason for the reduction is that the Company's offering is oversubscribed.

# RESTRICTIONS ON TRANSFER OF THE SECURITIES BEING OFFERED:

The securities being offered may not be transferred by any purchaser of such securities during the one year period beginning when the securities were issued, unless such securities are transferred:

1. to the issuer;
2. to an accredited investor;
3. as part of an offering registered with the U.S. Securities and Exchange Commission; or
4. to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

NOTE: The term "accredited Investor" means any person who comes within any of the categories set forth in Rule 501(a) of Regulation D, or who the seller reasonably believes comes within any of such categories, at the time of the sale of the securities to that person.

The term "member of the family of the purchaser or the equivalent" includes a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the purchaser, and includes adoptive relationships. The term "spousal equivalent" means a cohabitant occupying a relationship generally equivalent to that of a spouse.

# DESCRIPTION OF ISSUER'S SECURITIES

17. What other securities or classes of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or classes of securities of the issuer.

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Common Stock | 15,000,000 | 8,199,000 | Yes |

Securities Reserved for
Issuance upon Exercise or Conversion

Warrants:
Options: 1,801,000

Describe any other rights:

The Company has not yet authorized preferred stock, which investors in this offering would receive if the SAFE converts. Preferred stock has liquidation preferences over common stock.

18. How may the rights of the securities being offered be materially limited, diluted or qualified by the rights of any other class of security identified above?

The holders of a majority-in-interest of voting rights in the Company could limit the Investor's rights in a material way. For example, those interest holders could vote to change the terms of the agreements governing the Company's operations or cause the Company to engage in additional offerings (including potentially a public offering).

These changes could result in further limitations on the voting rights the Investor will have as an owner of equity in the Company, for example by diluting those rights or limiting them to certain types of events or consents.

To the extent applicable, in cases where the rights of holders of convertible debt, SAFES, or other outstanding options or warrants are exercised, or if new awards are granted under our equity compensation plans, an Investor's interests in the Company may be diluted. This means that the pro-rata portion of the Company represented by the Investor's securities will decrease, which could also diminish the Investor's voting and/or economic rights. In addition, as discussed above, if a majority-in-interest of holders of securities with voting rights cause the Company to issue additional equity, an Investor's interest will typically also be diluted.

Based on the risk that an Investor's rights could be limited, diluted or otherwise qualified, the Investor could lose all or part of his or her investment in the securities in this offering, and may never see positive returns.

Additional risks related to the rights of other security holders are discussed below, in Question 20.

19. Are there any differences not reflected above between the securities being offered and each other class of security of the issuer?

No.

20. How could the exercise of rights held by the principal shareholders identified in Question 6 above affect the purchasers of the securities being offered?

As holders of a majority-in-interest of voting rights in the Company, **the shareholders** may make decisions with which the Investor disagrees, or that negatively affect the value of the Investor's securities in the Company, and the Investor will have no recourse to change these decisions. The Investor's interests may conflict with those of other investors, and there is no guarantee that the Company will develop in a way that is optimal for or advantageous to the Investor.

For example, **the shareholders** may change the terms of the articles of incorporation for the company, change the terms of securities issued by the Company, change the management of the Company, and even force out minority holders of securities. **The shareholders** may make changes that affect the tax treatment of the Company in ways that are unfavorable to you but favorable to them. They may also vote to engage in new offerings and/or to register certain of the Company's securities in a way that negatively affects the value of the securities the Investor owns. Other holders of securities of the Company may also have access to more information than the Investor, leaving the Investor at a disadvantage with respect to any decisions regarding the securities he or she owns.

**The shareholders** have the right to redeem their securities at any time. **Shareholders** could decide to force the Company to redeem their **securities** at a time that is not favorable to the Investor and is damaging to the Company. Investors' exit may affect the value of the Company and/or its viability.

In cases where the rights of holders of convertible debt, SAFES, or other outstanding options or warrants are exercised, or if new awards are granted under our equity compensation plans, an Investor's interests in the Company may be diluted. This means that the pro-rata portion of the Company represented by the Investor's securities will decrease, which could also diminish the Investor's voting and/or economic rights. In addition, as discussed above, if a majority-in-interest of holders of securities with voting rights cause the Company to issue additional stock

an Investor's interest will typically also be diluted.

21. How are the securities being offered being valued? Include examples of methods for how such securities may be valued by the issuer in the future, including during subsequent corporate actions.

The offering price for the securities offered pursuant to this Form C has been determined arbitrarily by the Company, and does not necessarily bear any relationship to the Company's book value, assets, earnings or other generally accepted valuation criteria. In determining the offering price, the Company did not employ investment banking firms or other outside organizations to make an independent appraisal or evaluation. Accordingly, the offering price should not be considered to be indicative of the actual value of the securities offered hereby.

The initial amount invested in a SAFE is determined by the investor, and we do not guarantee that the SAFE will be converted into any particular number of **shares of Preferred Stock**. As discussed in Question 13, when we engage in an offering of equity interests involving **Preferred Stock**, Investors may receive a number of shares of **Preferred Stock** calculated as either (i) the total value of the Investor's investment, divided by the price of the **Preferred Stock** being issued to new Investors, or (ii) if the valuation for the company is more than the Valuation Cap, the amount invested divided by the quotient of (a) the Valuation Cap divided by (b) the total amount of the Company's capitalization at that time.

Because there will likely be no public market for our securities prior to an initial public offering or similar liquidity event, the price of the **Preferred Stock** that Investors will receive, and/or the total value of the Company's capitalization, will be determined by our **board of directors**. Among the factors we may consider in determining the price of **Preferred Stock** are prevailing market conditions, our financial information, market valuations of other companies that we believe to be comparable to us, estimates of our business potential, the present state of our development and other factors deemed relevant.

In the future, we will perform valuations of our **stock (including both common stock and Preferred Stock)** that take into account, as applicable, factors such as the following:

- - unrelated third party valuations;
- - the price at which we sell other securities in light of the relative rights, preferences and privileges of those securities;
- - our results of operations, financial position and capital resources;
- - current business conditions and projections;
- - the marketability or lack thereof of the securities;
- - the hiring of key personnel and the experience of our management;
- - the introduction of new products;
- - the risk inherent in the development and expansion of our products;
- - our stage of development and material risks related to our business;
- - the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business;
- - industry trends and competitive environment;
- - trends in consumer spending, including consumer confidence;
- - overall economic indicators, including gross domestic product, employment, inflation and interest rates; and
- - the general economic outlook.

We will analyze factors such as those described above using a combination of financial and market-based methodologies to determine our business enterprise value. For example, we may use methodologies that assume that businesses operating in the same industry will share similar characteristics and that the Company's value will correlate to those characteristics, and/or methodologies that compare transactions in similar securities issued by us that were conducted in the market.

22. What are the risks to purchasers of the securities relating to minority ownership in the issuer?

An Investor in the Company will likely hold a minority position in the

Company, and thus be limited as to its ability to control or influence the governance and operations of the Company.

The marketability and value of the Investor's interest in the Company will depend upon many factors outside the control of the Investor. The Company will be managed by its officers and be governed in accordance with the strategic direction and decision-making of its Board Of Directors, and the Investor will have no independent right to name or remove an officer or member of the Board Of Directors of the Company.

Following the Investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the Investor in the Company. The Investor may have the opportunity to increase its investment in the Company in such a transaction, but such opportunity cannot be assured.

The amount of additional financing needed by the Company, if any, will depend upon the maturity and objectives of the Company. The declining of an opportunity or the inability of the Investor to make a follow-on investment, or the lack of an opportunity to make such a follow-on investment, may result in substantial dilution of the Investor's interest in the Company.

23. What are the risks to purchasers associated with corporate actions, including additional issuances of securities, issuer repurchases of securities, a sale of the issuer or of assets of the issuer or transactions with related parties?

**Additional issuances of securities.** Following the Investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the Investor in the Company. The Investor may have the opportunity to increase its investment in the Company in such a transaction, but such opportunity cannot be assured. The amount of additional financing needed by the Company, if any, will depend upon the maturity and objectives of the Company. The declining of an opportunity or the inability of the Investor to make a follow-on investment, or the lack of an opportunity to make such a follow-on investment, may result in substantial dilution of the Investor's interest in the Company.

**Issuer repurchases of securities.** The Company may have authority to repurchase its securities from shareholders, which may serve to decrease any liquidity in the market for such securities, decrease the percentage interests held by other similarly situated investors to the Investor, and create pressure on the Investor to sell its securities to the Company concurrently.

**A sale of the issuer or of assets of the issuer.** As a minority owner of the Company, the Investor will have limited or no ability to influence a potential sale of the Company or a substantial portion of its assets. Thus, the Investor will rely upon the executive management of the Company and the Board of Directors of the Company to manage the Company so as to maximize value for shareholders. Accordingly, the success of the Investor's investment in the Company will depend in large part upon the skill and expertise of the executive management of the Company and the Board of Directors of the Company. If the Board Of Directors of the Company authorizes a sale of all or a part of the Company, or a disposition of a substantial portion of the Company's assets, there can be no guarantee that the value received by the Investor, together with the fair market estimate of the value remaining in the Company, will be equal to or exceed the value of the Investor's initial investment in the Company.

**Transactions with related parties.** The Investor should be aware that there will be occasions when the Company may encounter potential conflicts of interest in its operations. On any issue involving conflicts of interest, the executive management and Board of Directors of the Company will be guided by their good faith judgement as to the Company's best interests. The Company may engage in transactions with affiliates, subsidiaries or other related parties, which may be on terms which are not arm's-length, but will be in all cases consistent with the duties of the management of the Company to its shareholders. By acquiring an interest in the Company, the Investor will be deemed to have acknowledged the existence of any such actual or potential conflicts of interest and to have waived any claim with respect to any liability arising from the existence of any such conflict

of interest.

24. Describe the material terms of any indebtedness of the issuer:

Loan

| Lender | Matthew Moroney |
| --- | --- |
| Issue date | 05/16/20 |
| Amount | $50,000.00 |
| Outstanding principal plus interest | $51,930.00 as of 01/04/23 |
| Interest rate | 1.93% per annum |
| Maturity date | 12/31/25 |
| Current with payments | Yes |

Promissory Note

Convertible Note

| Issue date | 04/13/21 |
| --- | --- |
| Amount | $100,000.00 |
| Interest rate | 5.0% per annum |
| Discount rate | 20.0% |
| Valuation cap | $5,000,000.00 |
| Maturity date | 04/13/23 |

Techstars + ABN Amro Future of Finance Accelerator made this investment on a pre-money valuation cap. Other than the Convertible Notes led by Raramuri Partners, LLC, all other investments under SAFEs were made on a post-money valuation cap.

Convertible Note

| Issue date | 05/25/21 |
| --- | --- |
| Amount | $500,000.00 |
| Interest rate | 5.0% per annum |
| Discount rate | 20.0% |
| Valuation cap | $5,000,000.00 |
| Maturity date | 03/25/23 |

Raramuri Partners, LLC led this investment on a pre-money valuation cap. Other than the Convertible Note issued to Techstars + ABN Amro Future of Finance Accelerator, all other investments under SAFEs were made on a post-money valuation cap.

INSTRUCTION TO QUESTION 24: name the creditor, amount owed, interest rate, maturity date, and any other material terms.

25. What other exempt offerings has the issuer conducted within the past three years?

| Offering Date | Exemption | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 4/2021 | Regulation D, Rule 506(b) | Convertible Note | $100,000 | General operations |
| 5/2021 | Regulation D, Rule 506(b) | Convertible Equity | $20,000 | General operations |
| 5/2021 | Regulation D, Rule 506(b) | Convertible Note | $500,000 | General operations |
| 1/2023 | Regulation D, Rule 506(b) | SAFE | $1,779,372 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12- month period, including the amount the issuer seeks to raise in the current offering, in which any of the following

amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer;
4. or any immediate family member of any of the foregoing persons.

☑ Yes
☐ No

For each transaction specify the person, relationship to issuer, nature of interest in transaction, and amount of interest.

| Name | Matthew Moroney |
| --- | --- |
| Amount Invested | $50,000.00 |
| Transaction type | Loan |
| Issue date | 05/16/20 |
| Outstanding principal plus interest | $51,930.00 as of 01/04/23 |
| Interest rate | 1.93% per annum |
| Maturity date | 12/31/25 |
| Current with payments | Yes |
| Relationship | Co-Founder |

INSTRUCTIONS TO QUESTION 26: The term transaction includes, but is not limited to, any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) or any series of similar transactions, arrangements or relationships.

Beneficial ownership for purposes of paragraph (2) shall be determined as of a date that is no more than 120 days prior to the date of filing of this offering statement and using the same calculation described in Question 6 of this Question and Answer format.

The term "member of the family" includes any child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the person, and includes adoptive relationships. The term "spousal equivalent" means a cohabitant occupying a relationship generally equivalent to that of a spouse.

Compute the amount of a related party's interest in any transaction without regard to the amount of the profit or loss involved in the transaction. Where it is not practicable to state the approximate amount of the interest, disclose the approximate amount involved in the transaction.

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

☑ Yes
☐ No

28. Describe the financial condition of the issuer, including, to the extent material, liquidity, capital resources and historical results of operations.

### Management's Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

# Overview

Raise Green, Inc. was incorporated on March 28, 2018 in the State of Delaware. On July 30, 2019, the Company was approved for FINRA Membership, and officially became a funding portal to issue securities under Regulation Crowdfunding (Reg CF). In July 2020, the Company began its revenue-producing activities with the launch of its first offering under Reg CF.

Reg CF is a relatively new regulation, becoming effective in 2016, and specifically designed to enhance the growth of jobs and open up access to capital and investment to accredited and non accredited investors. The rule was adopted in response to Title III of the JOBS Act. Reg CF uniquely met the mission of Raise Green - to accelerate the transition to clean energy by democratizing access to capital and investment.

As a regulated entity, our funding portal is permitted to be compensated by the companies that raise funds on our platform. We have 2 main fees - a success fee which is a cash fee typically 7% of the raised funds but may range from 1.5% up to 9%; we also can receive securities compensation in the form of securities of the same class and type as being offered by the issuer. We selectively have taken securities stakes from 1% to 2%, but are permitted to be as high as 9%. To simplify costs for issuers and cover expenses, starting in 2022, we charged issuers a flat fee to prepare their listing, and starting in 2023, for transaction processing fees. Additionally, should an issuer with a live offering need to file an amendment, we charge an additional $1,000. The Company may also receive revenues from services, which in the past have included consulting and financial modeling, and in the future may include sale of clean energy projects, premium services and membership. The Company also has proprietary business automation software for which it has received interest from other companies to license and it may do so to generate revenue in the future.

# Milestones

Raise Green, Inc. was incorporated in the State of Delaware in March 2018 and launched its first offering in July 2020.

Since then, we have achieved:

- Over $6M capital raised for climate solutions through the marketplace

- 24 securities offerings

- ~$500,000 Total Revenue to date

- 10X YOY Platform Revenue growth from 2020 to 2021

- 2X YOY Platform Revenue growth from 2021 to 2022*

- Awarded 2022 Impacting Investing Platform of the Year by Environmental Finance

- $2.6M raised from private & VC investment, by Techstars ABNAmro Future of Finance & angel investors

- Proprietary business automation software that won the IDC Future of Digital Innovation Award in 2021

- 20,000 members

- ~3000 Investor Accounts

- 4.2X YOY growth in investors from 2021 to 2022

- 3.5 : 1 Lifetime Value to Customer Acquisition Cost Ratio (LTV to CAC)

- $72M offering Pipeline of with more than 5x growth over Q2-Q4 2022 including >$10M already signed contracts with issuers

- 95% of offerings have hit their target amount (vs. 68% industry average)

- >50% of our offerings have been led by black, minority &/or women executives

- -49,000 Tons of Carbon Pollution Reduced**

- -84 jobs created (direct, indirect or induced jobs)***

All numbers are internal calculations as of January 2023.

*Note: 2022 financials are not reviewed

**Source: Tons CO2/$- estimates calculated in house using AskSustainable methodology. As of 1/31/23.

***Source: Science Direct for jobs multiplier. As of 1/31/23.

## Historical Results of Operations

The Company was incorporated in 2018, launched its first offering in 2020, and listed 24 offerings as of February 2023. Total revenue to date is just under $500,000 as of January 31, 2023.

*Revenues & Gross Margin.* For the period ended December 31, 2021, the Company had revenues of $263,830 compared to the year ended December 31, 2020, when the Company had revenues of $13,550.

The increase in total revenues in the year ended December 31, 2021 as compared to the same period in 2020 is primarily due to the following:  
- Increase in Reg CF platform fees of \$99,928 (a combination of cash and securities), due primarily to higher average amounts raised by issuers in Reg CF offerings. We believe the increase in the amounts was partially driven by the increase in Regulation CF's cap to \$5 million instituted in May 2021.

- Increase in consulting revenue of $150,352, due to more consulting contracts for clean energy project finance modeling and services, software product development, and climate finance research and support.

*Assets.* As of December 31, 2021, the Company had total assets of $241,498, including $209,396 in cash. As of December 31, 2020, the Company had $6,461 in total assets, including $5,195 in cash.

*Net Loss.* The Company has had net losses of $927,304 and net losses of $506,554 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.

*Liabilities.* The Company's liabilities totaled $1,677,387 for the fiscal year ended December 31, 2021 and $515,046 for the fiscal year ended December 31, 2020.

## Liquidity & Capital Resources

### *Runway & Short/Mid-Term Expenses*

Raise Green, Inc. cash in hand is $134,799.80, as of January 24, 2023. Over the last twelve months, revenues have averaged roughly $14,688/month, and operational expenses have averaged $115,873/month, for an average burn rate of $101,185 per month.

Raise Green towards the end of 2022 made certain adjustments toward capital efficiency to reduce our burn rate going into 2023; we are on pace to cut burn by 30-40% starting in January 2023. We were able to trim expenditures, leveraging the efficiencies achieved during 2022. While Raise Green continued to have exciting growth, 2022 was a challenging year generally in the financial markets and geopolitically. Inflation, pullback in capital markets, interest rate hikes, unprovoked Russian invasion, supply chain disruptions, and worsening climate impacts to name just a few. While the investment crowdfunding sector continued its foothold as a tool for financing, the Regulation Crowdfunding industry after growing by 683% from over the 4 years from 2018 to 2021, the industry growth rate from 2021 to 2022 was largely flat (Kingscrowd).

### *Related Party Transaction*

Refer to Question 26 of this Form C for disclosure of all related party transactions.

### *Liquidity*

The Company was organized as a Delaware C-Corporation on March 28,

2018, became a funding portal in July 2019, and launched its first offering in July 2020. We have completed 24 securities offerings, raised over $6mil for climate solution companies, built a community of 20,000 members and close to 3,000 investor accounts, and have a pipeline of potential offerings totalling $72mil. We have a fully built out marketplace to service Reg CF offerings. We have had gross revenue of ~$198,000 for the trailing 12 months (end of year 2022, noon-reviewed financials) through December 31, 2022 and total revenue of just under $500,000 to date. The Company has raised ~$2.6M in total capitalization to date, and has leveraged that into more than $6M of gross transaction volume. This 2.3 to 1 leverage ratio for funds invested into the Company to funds into climate solution companies, we believe is just the beginning.

To-date, the company has been financed with $50,000 in debt, $20,000 in equity, $600,000 in convertibles, and $1,979,371.93 in SAFEs. From 2019-2021 the company also won numerous prizes and non-dilutive grant awards including the Aetna Prize for Health Equity Innovation from Startup Yale, the Tsai Center for Innovative Thinking at Yale Summer Fellowship, CTNext's Entrepreneurship Innovation Award, Yale Environmental Sustainability Summit Pitch Competition, Re-SET Social Enterprise Trust Venture Showcase Winner and Audience Choice Award, which helped fund the company's startup activities.

We plan to use the proceeds as set forth in this Form C under 'Use of Funds'. We are simultaneously raising under a Reg D exemption and anticipate bringing in additional sources of capital in addition to revenue during and after this Offering to supplement the Company's liquidity and capital resources.

We will require additional financing in excess of the minimum target offering amount proceeds from the Offering in order to perform operations in both the near term and over the lifetime of the Company. After the conclusion of this Offering, should we hit our minimum funding target, the company anticipates needing to raise additional capital within 3-12 months to continue its current growth trajectory and maintain and expand its operations. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

#### *Capital Resources*

**Potential Revenue:** Raise Green has more than $10M in signed contracts to list projects and companies on its marketplace and we believe is poised to capture the growing momentum for climate investing. We expect that our listing fees, success fees and transaction fees, as well as any securities stakes and other revenue streams generated should enable the Company to realize more than $300k in revenue over the next 3-6 months from those contracts (estimated based on historical information), and potentially other revenue as discussed elsewhere. The Company intends to spend $50k-$100k per month, depending on capital raised, in expenses over the next 3 to 6 months as it increases revenue and grows the community. Raise Green is not currently generating more revenue than expenses, however, it has plans and contracts that aim toward the potential to breakeven as soon as Q3 2023.

**Potential Capital Raise:** The Company has raised capital from previous rounds of private investment and is currently generating revenue. The Company intends to cover short-term burn throughout the campaign by generating revenue, adding supplemental fundraising commitments from its Reg D offering, and continuing to draw on available cash reserves. The Company is also engaged in various application processes for non-dilutive grant or loan opportunities and is hopeful that it can secure additional funding from these sources.

#### **Changes and Trends**

# Changes

Platform revenues roughly doubled in the year ended December 31, 2022 as compared to the same period in 2021, which is primarily due to the following:

- Increase in Reg CF platform fees due primarily to a higher volume of offerings listed and higher average amounts raised per offering. We believe the increase was partially driven by the following:

- A restructuring of our fee structure to drive revenue growth

- Increase in Company pipeline of potential offerings/projects grew by more than 5x from Q2 2022 to Q4 2022, and is now in February 2023 at $72M, with >$10M already signed contracts.

- Greater efficiency in our sales and onboarding process for issuing companies to ~3x more efficient;

- Greater efficiency and flexibility by integrating new software to manage the marketplace operational activities.

- Established key channel partnerships with industry-leading renewable energy companies, green financial services, and accelerators and incubators; and

- Increased brand awareness through the 2022 Impact Investing Platform of the Year from Environmental Finance and other recognitions, supporting our building of a category-defining brand with a first-mover competitive advantage.

- The Company did not perform consulting services in 2022 and instead focused on scaling its core business of Reg CF offerings for impactful clean energy projects and climate solution companies.

We are operating in a relatively new industry of Regulation Crowdfunding and financing climate solutions and there is a level of uncertainty about how fast the volume of activity will increase on our marketplace. We are also in the climatetech, climate finance, impact investing and Environmental Social and Governance (ESG) industry which is evolving rapidly from a market size and opportunity, shifting consumer behavior, and evolving social and environmental perspectives. These fundamental trends are discussed below and may impact how future regulatory requirements may change the landscape of our industry. As a result, we continue to explore and innovate which can lead to and introduce new products or services for our current revenue mix as well as continuing to improve our current services such as providing liquidity for our investors and issuers.

# Fundamental Trends

We all have an opportunity to take action to build a more healthy, just and sustainable world over the next 3-6 months and beyond - if we work together, invest together, and grow the economy from the grassroots up.

For nearly the past hundred years (since the Securities Act of 1933 and Securities and Exchange Act of 1934), nine out of ten Americans have been left out of sometimes lucrative opportunities to invest in private companies and local small businesses (DQYDJ) - but that changed a few years ago with regulators allowing for community financing.

Americans have an estimated $5Trillion in bank deposits like checking and savings accounts collecting little to no interest (Bloomberg).

Now, we're seeing increasing numbers of Americans already putting that money to work by investing as little as $100 into startups and small businesses, and specifically into local clean energy projects and climate companies on Raise Green's Reg CF Funding Portal. This lets them have the potential to make a financial return on their investments while they help reduce carbon pollution and strengthen community resilience.

- We expect that 2023 will be the best year yet for climate investing.

- 85% of American individual investors, including 99% of Millennials, want more sustainable investing opportunities, according to research by Morgan Stanley.

- We are also in the midst of the largest intergenerational wealth transfer ever. More than $24T of net-worth is transferring from aging populations by the end of 2030 according to Deloitte. And that's just the beginning.

Last year the US government passed landmark legislation that will make the largest investment into clean energy and climate solutions in US history. The Inflation Reduction Act (IRA) is estimated to invest $374Billion from the US federal government into climate programs according to the Congressional Budget Office (Bloomberg), which is estimated to catalyze an estimated $1.7Trillion in climate investments over the next 10 years (Credit Suisse).

- The tax credits alone from the IRA are expected to reduce the costs of climate technologies by about 40% on average according to Climatetech VC, potentially making the projects and companies that Raise Green lists on its marketplace considerably more profitable and likely to succeed.

With the bulk of the clean energy investment from the government starting in 2023, we believe that we are at the beginning of a new era of American innovation, competitiveness and ingenuity. An era that will lower consumer costs and spread prosperity through investments in clean energy technology, manufacturing, innovative projects and climate companies that drive the global clean energy economy forward.

- Four out of five investment advisors have said their clients want more sustainable investing opportunities, and 69% of retail investors plan to actively increase their environmental, social and governance (ESG) investments.

- In its growth to $53 trillion, the global market for ESG is on track to represent more than a third of total assets under management by 2025, according to Bloomberg.

- Meanwhile the US Securities and Exchange Commission is expected to issue a final rule on climate-related risk disclosures in 2023 that will crack-down on greenwashing from corporations by standardizing climate-related disclosures for investors as part of a growing awareness of the importance of environmental, social and governance (ESG) issues (Reuters).

This new era can be one of inclusive capitalism if we choose that future. Raise Green exists to ensure that the overall benefits of climate, clean energy, and related investments have the opportunity to flow to nearly everyone who wants to seize this historic opportunity. More than half of the investments on Raise Green have gone to companies with black, women or minority founders, about 10x the normal venture capital rate (Bloomberg/VentureBeat) and by opening up access to capital and climate investing for just about all, we can continue to prioritize communities that are marginalized, overburdened by pollution, and underserved by infrastructure and other basic services.

- Investment Crowdfunding in the US is already nearly at $1B per year, and other than 2022, has doubled every year since 2019. The Reg CF market is projected to reach $2B in 2025.

- But capital is only part of the challenge, sufficient investable projects must exist in order to get the requisite clean energy technologies built.

- Most current renewable energy and sustainable infrastructure projects rely on 'legacy' approaches to capital formation, which have supported clean energy to date but remain slow, expensive, exclusive, and overly rigid (Department of Energy).

- Individual investors at the household level, representing $108T of U.S. household net worth, have been largely excluded from accessing these private and value-aligned investment opportunities. This exclusion leads to higher financing and transaction costs as well as greater uncertainty for project developers, resulting in slower deployment of renewable technologies in our experience.

We believe at Raise Green that it will take all of us to collectively transition to a clean energy and climate-resilient future that we all can benefit from. Historically, investments in Raise Green projects have on average led to an estimated 1044 lbs of reductions in carbon pollution (CO2e) per $100 invested, based on internal calculations using third-party methodology (AskSustainable). In total, these investments have led to nearly an estimated 108 million pounds (50,000 Tons) of carbon pollution

nearly an estimated 100 million pounds (50,000 tons) of carbon pollution reduced since 2020, or the equivalent of taking roughly 11,000 passenger cars off the road (EPA).

We believe that Raise Green has led the way on advancing market transformation by championing inclusive climate solutions and verifiable impact investment with an ESG focus since 2018. This leadership has included the Co-founders executing the smallest known tax equity partnership flip in US history as a replicable model for other community-based organizations - which now with the IRA are further incentivized by direct pay of the investment tax credit in the IRA; Raise Green facilitated issuance the first Green Bond certified Reg CF offering; and has provided thought-leadership and commentary on important legislative and regulatory developments advancing an inclusive approach to climate and clean energy finance. Raise Green has pushed forward the rhetoric and ambition of climate action, and moved along other much larger institutions in the industry as evidenced by our work with the Department of Energy Community Power Accelerator, Clean Flight, Techstars, Greentown Labs and NYSERDA. All of these factors add to our category-defining brand and first mover advantage.

All projections in the above narrative are forward-looking and not guaranteed.

INSTRUCTIONS TO QUESTION 28: The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial milestones and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether historical results and cash flows are representative of what investors should expect in the future. Take into account the proceeds of the offering and any other known or pending sources of capital. Discuss how the proceeds from the offering will affect liquidity, whether receiving these funds and any other additional funds is necessary to the viability of the business, and how quickly the issuer anticipates using its available cash. Describe the other available sources of capital to the business, such as lines of credit or required contributions by shareholders. References to the issuer in this Question 28 and these instructions refer to the issuer and its predecessors, if any.

## FINANCIAL INFORMATION

29. Include financial statements covering the two most recently completed fiscal years or the period(s) since inception, if shorter:

Refer to Appendix C, Financial Statements

1. Franz Hochstrasser, certify that:

(1) the financial statements of Raise Green, Inc. included in this Form are true and complete in all material respects ; and
(2) the financial information of Raise Green, Inc. included in this Form reflects accurately the information reported on the tax return for Raise Green, Inc. filed for the most recently completed fiscal year.

Franz Hochstrasser
CEO and Co-Founder, Chairman

## STAKEHOLDER ELIGIBILITY

30. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, any promoter connected with the issuer in any capacity at the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 16, 2016:

(1) Has any such person been convicted, within 10 years (or five years, in the case of issuers, their predecessors and affiliated issuers) before the filing of this offering

statement, of any felony or misdemeanor:

i. in connection with the purchase or sale of any security? ☐ Yes ☑ No
ii. involving the making of any false filing with the Commission? ☐ Yes ☑ No
iii. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities? ☐ Yes ☑ No

(2) Is any such person subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before the filing of the information required by Section 4A(b) of the Securities Act that, at the time of filing of this offering statement, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice:

i. in connection with the purchase or sale of any security? ☐ Yes ☑ No
ii. involving the making of any false filing with the Commission? ☐ Yes ☑ No
iii. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities? ☐ Yes ☑ No

(3) Is any such person subject to a final order of a state securities commission (or an agency or officer of a state performing like functions); a state authority that supervises or examines banks, savings associations or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the U.S. Commodity Futures Trading Commission; or the National Credit Union Administration that:

i. at the time of the filing of this offering statement bars the person from:

A. association with an entity regulated by such commission, authority, agency or officer? ☐ Yes ☑ No
B. engaging in the business of securities, insurance or banking? ☐ Yes ☑ No
C. engaging in savings association or credit union activities? ☐ Yes ☑ No

ii. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement? ☐ Yes ☑ No

(4) Is any such person subject to an order of the Commission entered pursuant to Section 15(b) or 15B(c) of the Exchange Act or Section 203(e) or (f) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:

i. suspends or revokes such person's registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal? ☐ Yes ☑ No
ii. places limitations on the activities, functions or operations of such person? ☐ Yes ☑ No
iii. bars such person from being associated with any entity or from participating in the offering of any penny stock? ☐ Yes ☑ No

(5) Is any such person subject to any order of the Commission entered within five years before the filing of this offering statement that, at the time of the filing of this offering statement, orders the person to cease and desist from committing or causing a violation or future violation of:

i. any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder? ☐ Yes ☑ No
ii. Section 5 of the Securities Act? ☐ Yes ☑ No

(6) Is any such person suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade?

☐ Yes ☑ No

(7) Has any such person filed (as a registrant or issuer), or was any such person or was any such person named as an underwriter in, any registration statement or Regulation A offering statement filed with the Commission that, within five years before the filing of this offering statement, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is any such person, at the time of such filing, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued?

☐ Yes ☑ No

(8) Is any such person subject to a United States Postal Service false representation

order entered within five years before the filing of the information required by Section 4A(b) of the Securities Act, or is any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

Yes  No

**If you would have answered 'Yes' to any of these questions had the conviction, order, judgment, decree, suspension, expulsion or bar occurred or been issued after May 16, 2016, then you are NOT eligible to rely on this exemption under Section 4(a)(6) of the Securities Act.**

*INSTRUCTIONS TO QUESTION 10: Final order means a written directive or declaratory statement issued by a federal or state agency, described in Rule 503(a)(3) of Regulation Crowdfunding, under applicable statutory authority that provides for notice and an opportunity for hearing, which constitutes a final disposition or action by that federal or state agency.*

*No matters are required to be disclosed with respect to events relating to any affiliated issuer that occurred before the affiliation arose if the affiliated entity is not (i) in control of the issuer or (ii) under common control with the issuer by a third party that was in control of the affiliated entity at the time of such events.*

## OTHER MATERIAL INFORMATION

31. In addition to the information expressly required to be included in this Form, include:

- (2) such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

Investment Credit Perk. For investors receiving the 'credit towards a future investment' Perk, this is processed as a rebate where after the investor has paid for their investment, they will receive a rebate back.

The Lead Investor. As described above, each Investor that has entered into the Investor Agreement will grant a power of attorney to make voting decisions on behalf of that Investor to the Lead Investor (the 'Proxy'). The Proxy is irrevocable unless and until a Successor Lead Investor takes the place of the Lead Investor. In which case, the Investor has a five (5) calendar day period to revoke the Proxy. Pursuant to the Proxy, the Lead Investor or his or her successor will make voting decisions and take any other actions in connection with the voting on Investors' behalf.

The Lead Investor is an experienced investor that is chosen to act in the role of Lead Investor on behalf of Investors that have a Proxy in effect. The Lead Investor will be chosen by the Company and approved by Wefunder Inc. and the identity of the initial Lead Investor will be disclosed to Investors before Investors make a final investment decision to purchase the securities related to the Company.

The Lead Investor can quit at any time or can be removed by Wefunder Inc. for cause or pursuant to a vote of investors as detailed in the Lead Investor Agreement. In the event the Lead Investor quits or is removed, the Company will choose a Successor Lead Investor who must be approved by Wefunder Inc. The identity of the Successor Lead Investor will be disclosed to Investors, and those that have a Proxy in effect can choose to either leave such Proxy in place or revoke such Proxy during a 5-day period beginning with notice of the replacement of the Lead Investor.

The Lead Investor will not receive any compensation for his or her services to the SPV. The Lead Investor may receive compensation if, in the future, Wefunder Advisors LLC forms a fund ('Fund') for accredited investors for the purpose of investing in a non-Regulation Crowdfunding offering of the Company. In such as circumstance, the Lead Investor may act as a portfolio manager for that Fund (and as a supervised person of Wefunder Advisors) and may be compensated through that role.

Although the Lead Investor may act in multiple roles with respect to the Company's offerings and may potentially be compensated for some of its

services, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of securities issued by or related to the Company. As a result, the Lead Investor's interests should always be aligned with those of Investors. It is, however, possible that in some limited circumstances the Lead Investor's interests could diverge from the interests of Investors, as discussed in section 8 above.

Investors that wish to purchase securities related to the Company through Wefunder Portal must agree to give the Proxy described above to the Lead Investor, provided that if the Lead Investor is replaced, the Investor will have a 5-day period during which he or she may revoke the Proxy. If the Proxy is not revoked during this 5-day period, it will remain in effect.

Tax Filings. In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer identification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (i) two (2) years of making their investment or (ii) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherwise payable to the Investor an amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agreement for additional information about tax filings.

INSTRUCTIONS TO QUESTION 30: If information is presented to investors in a format, media or other means not able to be reflected in text or portable document format, the issuer should include:

- (a) a description of the material content of such information;
- (b) a description of the format in which such disclosure is presented; and
- (c) in the case of disclosure in video, audio or other dynamic media or format, a transcript or description of such disclosure.

## ONGOING REPORTING

32. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its website, no later than:

120 days after the end of each fiscal year covered by the report.

33. Once posted, the annual report may be found on the issuer's website at:

www.raisegreen.com

The issuer must continue to comply with the ongoing reporting requirements until:

1. the issuer is required to file reports under Exchange Act Sections 13(a) or 15(d);
2. the issuer has filed at least one annual report and has fewer than 300 holders of record;
3. the issuer has filed at least three annual reports and has total assets that do not exceed $10 million;
4. the issuer or another party purchases or repurchases all of the securities issued pursuant to Section 4(a)(6), including any payment in full of debt securities or any complete redemption of redeemable securities; or the issuer liquidates or dissolves in accordance with state law.

## APPENDICES

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement - Early Bird

Early Bird SAFE (Simple Agreement for Future Equity)

SPV Subscription Agreement
SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Alison Silverstein
Andy Rapkin
Franz Hochstrasser
Jacqueline Logan

Appendix E: Supporting Documents

# Signatures

Intentional misstatements or omissions of facts constitute federal criminal violations. See 18 U.S.C. 1001.

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement - Early Bird

Early Bird SAFE (Simple Agreement for Future Equity)

SPV Subscription Agreement

SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Alison Silverstein

Andy Rapkin

Franz Hochstrasser

Jacqueline Logan

Appendix E: Supporting Documents

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.

Raise Green, Inc.

By

CEO and Co-Founder

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), this Form C and Transfer Agent Agreement has been signed by the following persons in the capacities and on the dates indicated.

Andrew Rapkin

Director

2/8/2023

Franz Hochstrasser

CEO and Co-Founder

2/7/2023

Franz Hochstrasser

CEO and Co-Founder

2/7/2023

The Form C must be signed by the issuer, its principal executive officer or officers, its principal financial officer, its controller or principal accounting officer and at least a majority of the board of directors or persons performing similar functions.

I authorize Wefunder Portal to submit a Form C to the SEC based on the information I provided through this online form and my company's Wefunder profile.

As an authorized representative of the company, I appoint Wefunder Portal as the company's true and lawful representative and attorney-in-fact, in the company's name, place and stead to make, execute, sign, acknowledge, swear to and file a Form C on the company's behalf. This power of attorney is coupled with an interest and is irrevocable. The company hereby waives any and all defenses that may be available to contest, negate or disaffirm the actions of Wefunder Portal taken in good faith under or in reliance upon this power of attorney.

**Attachment 2:** `document_2.pdf`

INVEST IN RAISE GREEN

# Climate Investing for Everyone

![img-0.jpeg](img-0.jpeg)

raisegreen.com

Boston Massachusetts

# Highlights

1 2X YOY Platform Revenue growth from 2021 to 2022
2 4.2X YOY growth in investors from 2021 to 2022
3 More than 5X growth in project pipeline over the last 6 months (\$72M)
4 $1.7T in US climate investment catalyzed over the next 10 years expected from largest climate bill
5 >50% of our offerings listed are led by Black, minority &/or women executives
6 $2.6M raised from private & VC investment, by Techstars ABN Amro Future of Finance & angel investors
7 Awarded 2022 Impacting Investing Platform of the Year by Environmental Finance
8 ~49,000 Tons of Carbon Pollution Reduced

# LEAD INVESTOR

# Omino Gardezi

This team has paved the way in climate fintech. I've seen this company lead the climate investing movement for over four years from the early days at Yale, now to thousands of investors and millions of dollars raised for climate companies. I work on advising many startups and fortune 100 business leaders, from marketing, to branding, to design, to growth strategy, and these guys are among the best. I believe they have everything they need to keep building the largest climate investing community in the world while they grow this business. It's highly on trend across fintech, climatetech and equity. Their product is visionary and gives everyone a way to help address the climate crisis while earning returns on investments or raise money to do good. Their pipeline has exploded as they've rapidly expanded sales, and they're ready to scale with your backing.

Invested $25,000 this round

# Our Team

![img-1.jpeg](img-1.jpeg)

## **Franz Hochstrasser** CEO and Co-Founder

15-year expert in climate finance & policy. Served in the Obama White House and as Sr Advisor to the Special Envoy for Climate at State Dept on the team that successfully negotiated the Paris Agreement. Yale Masters in Sustainable Finance & Clean Energy.

In this decisive decade of climate emergency, our shared future is at stake. We all want to do something to help, but it's not always clear what to do. Climate impacts are already hitting every region of the world, affecting supply chains, and fueling conflicts, driving up energy costs and inflation. The good news is that we all have an opportunity to build a more healthy, just and sustainable world - if we work together, invest together, and grow the economy from the grassroots up. For the past hundred years, nine out of ten Americans have been left out of the lucrative opportunities to invest in private companies and local small businesses - but that changed a few years ago with regulators allowing for community financing. Americans have an estimated $5Trillion in bank deposits like checking and savings accounts collecting little to no interest. Now, thousands of Americans are already putting that money to work by investing as little as $100 into clean energy projects and climate companies on Raise Green. This lets them have the opportunity to make a financial return on their investments while they help reduce carbon pollution and strengthen community resilience.

![img-2.jpeg](img-2.jpeg)

## **Jackie Logan** Chief Investment Officer and Co-Founder

20+ years experience across financial markets. Almost a decade with Goldman Sachs in private wealth and compliance, and 12+ years at JP Morgan in institutional fixed income sales and trading. Deep expertise in sales and compliance. UPenn Wharton MBA.

![img-3.jpeg](img-3.jpeg)

## **Alison Silverstein** Chief Operations Officer & Advisory Board Chair

25+ years experience growing and selling tech companies, including the recent acquisition of KidFund by UNest.

## **Scott Gigante** Chief Technical Advisor

Machine learning scientist with 7+ years in big data, machine learning, data visualization, and software development. Founder of climate advocacy org Yale Forward and lifelong climate activist.

## **Katherine Gunning** Acting Chief Marketing Officer

15+ years in Fintech and Consumer Packaged Goods Marketing on Madison Avenue and Wall Street. J.P. Morgan, Unilever, Nestle, Cart.com, IEX

![img-4.jpeg](img-4.jpeg)

Action Green

# We make climate investment opportunities available for nearly everyone

24
Climate Deals

$6M
Investment Volume

20K
Total Members

49K
Tons of Carbon Pollution Avoided

The data is based on the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data

The data is based on the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data

![img-5.jpeg](img-5.jpeg)

# And we are making a real impact...

![img-6.jpeg](img-6.jpeg)

In communities around the nation

![img-7.jpeg](img-7.jpeg)

84

Estimated Jobs created across the US

1044

Average Pounds of Carbon Pollution Avoided per $100 invested

98M

Avoided 98 MILLION pounds of CO2 Emissions

Based on the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data

# Problem Overview

85% of Americans want sustainable investments, but few impact investing opportunities exist for the wider market. With a need to invest over $4T per year to prevent the worst impacts of climate change, we need to mobilize everyday Americans and give them a platform to potentially make a meaningful difference and earn a return.

That's where Raise Green comes in.

![img-8.jpeg](img-8.jpeg)

The data is based on the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data from the data

# Challenge #1

Barriers to
investment
opportunities

![img-9.jpeg](img-9.jpeg)

# 9 out of 10

Until recently, 9 out of 10 Americans have been
mostly left out of opportunities to invest in private
companies and local small businesses. Raise Green
provides a platform for thousands of Americans to
invest directly into climate solutions.

Sources: $4.3T, $4.3B, $4.3C, $4.3D, $4.3E, $4.3F, $4.3G, $4.3H, $4.3I, $4.3J, $4.3K, $4.3L, $4.3M, $4.3N, $4.3O, $4.3P, $4.3Q, $4.3R, $4.3S, $4.3T, $4.3U, $4.3V, $4.3W, $4.3X, $4.3Y, $4.3Z

# Challenge #2

Climate
finance gap
for Mitigation
& Adaptation

# $4.3T Annual Climate
Investment Needed

We need at least $4.3 trillion in annual finance flows by 2030 (CAGR 21%) to
avoid the worst impacts of climate change, but we're falling far short. Raise
Green helps narrow the gap by connecting investors of all sizes with
organizations seeking funding to scale climate solutions.

![img-10.jpeg](img-10.jpeg)

# Our Solution

# Raise Green
Impact
Investing

Raise Green uses Regulation Crowdfunding
(Reg CF) to raise money for pre-screened clean
energy projects and climate companies for
$50k up to $9M per company per year.

US climate companies can raise non-dilutive
debt, equity, convertible notes or SAFEs. This
includes projects and companies across many
industries and sectors: energy and energy
efficiency, food, water and land use, materials
and industry, climate intelligence and carbon
management, and buildings.

# Members can invest as little as $100

![img-11.jpeg](img-11.jpeg)

Sources: $4.3M, $4.3E, $4.3F, $4.3G, $4.3H, $4.3I, $4.3J, $4.3K, $4.3L, $4.3M, $4.3N, $4.3O, $4.3P, $4.3Q, $4.3R, $4.3S, $4.3T, $4.3U, $4.3V, $4.3W, $4.3X, $4.3Y, $4.3Z

## Our marketplace connects climate companies with investors

### Climate companies get:

- Capital: Raise money on their own financing terms
- Credibility: Easily structure financing
- Customers: Build with community engagement

### Impact investors get:

- Compliance: SEC and FINRA registered platform
- Confidence: Fixed income or equity in ESG assets
- Community: Nearly anyone can invest

![img-12.jpeg](img-12.jpeg)

The Capital Raise Green works with the investors to determine appropriate terms. On the right, the Raise Green investments will be used to meet the requirements of the financial system. The financial system is not a company that has been used to meet the requirements of the financial system. The financial system is not a company that has been used to meet the requirements of the financial system.

## Impact Investor Testimonials

"I like the opportunity to put my money in good. She is got payback on it as well. It is also nice to feel like those of us who don't have hundreds of thousands of dollars can also participate - and gain wealth from the green energy transition."

Emma Crow Willard
Raise Green Investor

"I believe it is no longer sufficient to abandon our favorite environmental groups. It expect the world to change on the scale it needs to."

John Knox
Raise Green Investor

"Raise Green empowers changemakers who want to support environmentally & socially impactful projects in their communities, so they can do good while doing well."

David Burt
Raise Green Investor

"Investing in CGI Green". Marty Nate aligns with my professional & personal goals to bring values against investing to scale. Raise Green allows me to create economic opportunities, revitalize communities, & drive solutions to climate justice."

Anna Smukowski
Raise Green Investor

## More than 5x Pipeline Growth in last 6 months

**>400**
Funding Applications Received
**$72M**
36 Active Projects
**7%**
Success P90
**$5M**
Potential Revenue

![img-13.jpeg](img-13.jpeg)

![img-14.jpeg](img-14.jpeg)

![img-15.jpeg](img-15.jpeg)

![img-16.jpeg](img-16.jpeg)

![img-17.jpeg](img-17.jpeg)

![img-18.jpeg](img-18.jpeg)

# Financing the Next Generation of Climate Innovators

95%

Investment Offerings Surpassed Target

>50%

Companies listed on Raise Green are led by Mercer & People of Color which is more than 10 times the average rate in venture capital.

400+

Funding Applications Across Energy, Food & Agriculture, Transportation, Carbon, Climate Mgt, Industrial, Built Environment, Green Finance

![img-19.jpeg](img-19.jpeg)

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the author.

# Raise Green was the platform of choice for three of the leading energy efficiency companies for replicable climate financing

Issuer #1

CONNECTICUT GREEN BANK

The First Green Bank in the United States.

Connecticut Green Bank listed the first ever Green Bond certified offering with big EF in the US as fund-moll businesses energy efficiency measures and indices that emerge since. Offering five International Capital Markets Associations standards verified by 3rd party analysis.

Five Capital Raises with Raise Green.

Issuer #2

NEIF

The nation's only Certified B-Corp energy efficiency & resiliency lender

The National Energy Improvement Fund raised capital to augment their growth capital and has conducted 4 successful debt offerings and a preferred equity raise that closed in 2022. Crowdfunding is part of their long-term strategy as a repeatable source of flexible capital.

Five Capital Raises with Raise Green.

Issuer #3

BLOC POWER

An up and coming leader in urban energy efficiency retrofits.

BasePower raised debt for energy efficiency projects for Low-moderate income (LMI) Communities as artwork, lifestyle stages across the U.S. Led by some likepaino's Dreamer of the year for 2022 Sound Bank, raised millions of dollars from hundreds of community investors.

Three Capital Raises with Raise Green.

Sources: 1. Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank, The Green Bank

# The path to profitability

There's a clear path to doing well by doing good. We make money off of a success fee taken on each successfully closed transaction; a one-time listing fee up-front on each offering that we conduct; and a series of other potential revenue streams that diversify our market position and strengthen our strategic partnerships.

7%

Success Fee

Cash commission on a successful raise through the marketplace

$1,000

Listing Fee

One-time listing fee up-front in each offering that we conduct

Other

Revenue from

Securities Stolen, Energy project sales, Software licensing, Premium services, Membership model

![img-20.jpeg](img-20.jpeg)

Source: The global Environmental Protection Bureau (Germ) of the United States, 2013. The data is presented in Table 1. The data is presented in Table 2.

# We expect 2023 will be the best year yet for climate investing

$1.1T

Record-breaking clean energy investment in 2022

2022 recorded the highest amount of funding for clean energy ever, surpassing $1T globally, matching fossil fuel investments for the first time ever (Bloomberg)

99%

Millennials Want Sustainable Investing

Surge among investors' thematic priorities in investing, growing concern amongst younger generations (Morgan Stanley)

$1.7T

Inflation Reduction Act is the Largest Climate Investment in history

Fundamentally changes the climate finance landscape - new tax incentives, grants, loans, loan guarantees, and technical assistance - it's expected to catalyze $1.7Trillion over 10 yrs (Credit Suisse)

Source: 2023 global clean energy investing report (Bloomberg) (2023). 99% of Millennials want sustainable investing from Morgan Stanley, 2023; 31.7% of climate investment is a big red over 10 years (Credit Suisse) (Morgan Stanley, 2023). Rabe Stearns, new on 2023. Climate investing record on political trends (Morgan Stanley, 2023). 2. regulation: a 2023 government.

## 2023 Go-to-Market Strategy

### Build An Engaged Community

Our Investor Days, referral program, educational content and programming help drive community growth. We will continue to add more ways for members to connect, learn and invest. Our newly launched Impact Partners Program will engage professional networks, industry groups, and financial institutions.

### B2B Partnerships Build Issuer and Investor Demand

We have secured roles as financing partner with accelerators and incubators which can provide us with already pre-selected startups governed and trained for potential success. We are building partnerships with angel syndicates, family offices and an EU-impact investing network with tens of thousands of investors.

### Expand Use of Proprietary Software

Our IDC award winning software, the Originator Engine, uses templated legal and financing documents to accelerate and simplify due diligence, meaning clean energy projects and companies can hit their offerings and reach more investors faster, reducing staff time spent per deal. Continue product-led growth through a mobile app, repayments, and impact tracking to add value for investor members.

![img-21.jpeg](img-21.jpeg)

## Competitive Advantage

- Proprietary software designed to accelerate diligence and project financing at scale
- Team of experienced finance, business, climate and policy experts
- Category-defining brand with first mover advantage in climate investing Reg CF market
- Opportunities for retail and institutional investors to purchase direct equity, debt and tax-equity in individual renewable energy projects and climate solutions
- Climate investing is expected to grow. AUM reached $640 last year. "Climate will be to this decade what cloud was to the last one." Fred Wilson, Union Square Ventures

![img-22.jpeg](img-22.jpeg)

Source: Climate Restrictions on Equity, Revised 2018 of Investment Policy, Climate Fund, 2023, 4/20/2023

## What We Offer

Private exempt equity securities may have a large return:
While ventures don't always succeed, they can have outsized returns.
For example, a $100 investment in AirBnB in 2009, was worth $4mil when it went public 11 years later. (KingsCrowd).

Private fixed income can deliver steady returns:
Historically, fixed income offerings on Raise Green have returned up to 6.5% Annual Interest.

100% history of scheduled debt repayments

Up to 6.5% Annual Returns on Debt

Private exempt securities in pre-screened climate companies

Equity

- Simple Agreements for Future Equity
- Convertible Notes
- Preferred Equity
- Common Equity
- Sponsor Equity
- Tax Equity

Non-relative Debt

- Corporate
- Construction
- Term
- Refinance
- Non-profit
- Development Capital

Note: See performance and performance data on equity investments in construction securities to generally considered speculative, and do not include a pre-screened climate equity investment.

## Community Round Fundraising

$2.6M

Raised to Date

$100K

Target for Reg CF

$500k

Maximum for Reg CF

SAFE Terms:

20% discount for early-bird

10% discount after early-bird

S&M Post-Money Valuation Cap

Source: 2018 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019 of the 2018 and 2019

## Use of Funds

Admin

A small percentage of the proceeds will go toward keeping our engine running as we drive towards our goal to be revenue positive by Q3 2023

Strategic Hires

We have several strategic hires planned in 2023 and 2024 to

![img-23.jpeg](img-23.jpeg)

Expand Marketing

Expand availability and awareness of impact investing opportunities and access to capital. May include paid digital advertising, PR, events and other outreach

Improve Technology

Improve the investor user experience and the lawyer

continue to grow our capacity
and responsiveness

experience, and the world
onboarding experience. Through
improved technology we can
scale more effectively and
efficiently on both sides of the
marketplace

## Decades of experience in
climate, clean energy,
finance and tech

![img-24.jpeg](img-24.jpeg)

**Franz Hochstrasser**
CEO & Co-Founder

15+ year climate + clean energy
finance leader in the Obama
Administration and helped
negotiate the Paris Agreement

The White House, Yale
State Department

![img-25.jpeg](img-25.jpeg)

**Jackie Logan**
CIO & Co-Founder

20+ years in capital markets,
sales & trading, compliance
and private wealth
Wharton, MBA

Goldman Sachs
J. P. Morgan

![img-26.jpeg](img-26.jpeg)

**Alison Silverstein**
CEO

25+ years experience growing
and selling tech companies,
including the recent acquisition
of KIAF and by UBAH

BDO Solutions, McDermott
Will & Emery

![img-27.jpeg](img-27.jpeg)

**Kate Dunning**
Acting Cash

15+ years in Fintech and
Consumer Packaged Goods
Marketing on Madison
Avenue and Wall Street

J. P. Morgan, Unilever,
Needs, Cost.com, IEX

![img-28.jpeg](img-28.jpeg)

**Scott Gigante**
Chief Technical Advisor

7+ years in big data, machine
learning, data
visualization, cost software
development

Yale PhD in Computer Science
Machine Learning

### In the News

## Forbes

"As millennials inherit significant wealth over the
coming decades, there needs to be more authentic
market-makers, like Raise Green, who are not
reclassifying traditional assets by 'greenwashing,' but
are pioneering the development of new, truly
sustainable investments."

Also Featured By:

## pv magazine

### Fintech meets solar: Raise Green revolutionizes local impact investment and development

Raise Green is a crowd leading platform providing tools and resources for individuals to directly participate in community solar as well as various clean energy departments.

DECEMBER 25, 2022, RAISE GREEN

RAISE GREEN

![img-29.jpeg](img-29.jpeg)

The Boston Globe Nasdaq @CoonTechno cheddar MarketWatch Bloomberg

yahoo/ gt AXIOS BOSTINNO IMPACTGRUPHA crunchbase Seeking Alpha®

### Membership & Partners

GREENTOWN LABS

techstars

PCAF

NORTHCAPITAL

SEIA

TSAI
CENTER for
IMMUNITY
THINKING at
YALE

amalgamated
bank

Assurely

Join our community
on this mission to fund
a healthy, just, and
sustainable world

Raise Green

![img-30.jpeg](img-30.jpeg)

## Downloads

Raise Green Company Profile 2023.pdf

**Attachment 3:** `document_3.pdf`

# **Raise Green I (THE "SPV"),**
a series of **Wefunder SPV, LLC**, a Delaware limited
liability company (the "LLC")

# Subscription Agreement

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**Raise Green I** (the "SPV"), a series of **Wefunder SPV, LLC** (the "LLC"), is a special purpose vehicle that will invest all of its assets in securities issued by **Raise Green, Inc.** (the "Company"). By making an investment in the SPV through the **Wefunder website**, I understand and agree to the representations set forth below.

I have reviewed the following information and documents in connection with this Subscription Agreement:

1. The information on the **Wefunder website** about the Company. I acknowledge that this information was prepared solely by either the Company or a third party whose work has been verified by the Company, and that none of **Wefunder, Inc.**, **Wefunder Portal, LLC**, **Wefunder Admin, LLC** or **Wefunder Advisors, LLC**, nor any of their affiliates, employees or agents, are responsible for the adequacy, completeness, or accuracy of this information;
2. The Form C relating to this investment, which provides information about investment in the Company through the use of the SPV;
3. The Series Appendix, an appendix to the **Wefunder SPV, LLC** limited liability company agreement (the "**LLC Agreement**"), which sets forth certain specific terms of the SPV;
4. The Terms Appendix, which summarizes the terms of the Company securities to be purchased by the SPV;
5. The **LLC Agreement**, which sets forth other terms applicable to each SPV;
6. This Subscription Agreement, which sets forth the terms governing your investment in the SPV, and that sets forth certain representations you are making in connection with your investment in the SPV;
7. The **Wefunder Investor Agreement**; and
8. The **Wefunder Terms of Service**.

**By making an investment in the SPV through the Wefunder website, I agree to be bound by this Subscription Agreement and the terms of the other agreements listed above with respect to my investment in the SPV.**

# Subscription Agreement

# SCOPE OF AGREEMENT AND INVESTOR ELIGIBILITY
REPRESENTATIONS

A. This agreement ("Agreement") applies to each investment in a series ("SPV") of Wefunder SPV, LLC (the "LLC"). Each series is a separate pool of assets from every other series. Each SPV will invest all of its assets in securities issued by a single company ("Company") as set forth in the applicable series appendix ("Series Appendix") to the Wefunder SPV, LLC limited liability company agreement (LLC Agreement). The terms of the Company securities to be purchased by the SPV are summarized in an appendix ("Terms Appendix") attached to this Agreement.
B. Each SPV is formed by and operated by Wefunder Admin, LLC on behalf of the Company in whose securities that SPV invests.
C. Important information about the Company, about the related SPV, and more generally about investments through the Wefunder website, is available through the Wefunder website. The Investor should review that information, and all relevant Company Information (as defined below), carefully before making an investment in any SPV.
D. Each SPV will offer membership interests ("Interests") in that SPV pursuant to Regulation Crowdfunding under the U.S. Securities Act of 1933, as amended (the "Securities Act").
E. You hereby agree that each time you make an investment in any SPV, you will be deemed to have entered into this Agreement, and will be deemed to have made each representation and covenant contained in this Agreement.
F. Except as the context otherwise requires, any reference in this Subscription Agreement to:

1. a "SPV" shall mean "The LLC acting solely on behalf of and for the account of the SPV";
2. "Investor" and "you" shall mean a person (whether individually, jointly with another person, or through his or her individual retirement account) who has agreed to invest, or has invested, in any SPV; and
3. "Company Information" means:

a. The information on the Wefunder website about the Company. I acknowledge that this information was prepared solely by either the Company or a third party whose work has been verified by the Company, and that neither Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or Wefunder Advisors, LLC (together, the "Wefunder entities," nor any of their affiliates, employees or agents, are responsible for the adequacy, completeness, or accuracy of this information;
b. The Form C relating to this investment, which provides information about investment in the Company through the use of the SPV;
c. The Series Appendix, an appendix to the Wefunder SPV, LLC limited liability company agreement (the "LLC Agreement"), which sets forth certain specific terms of the SPV;
d. The Terms Appendix, which summarizes the terms of the Company securities to be purchased by the SPV;
e. The LLC Agreement, which sets forth other terms applicable to each SPV;
f. This Subscription Agreement, which sets forth the terms governing your investment in the SPV, and that sets forth certain representations you are making in connection with your investment in the SPV;
g. The Wefunder Investor Agreement; and
h. The Wefunder Terms of Service.

INVESTOR'S REPRESENTATIONS AND COVENANTS

# 1. Investor's Review of Information and Investment Decision

1.1. The Investor has carefully read and understands the Company Information. The Investor acknowledges that it has made an independent decision to invest indirectly in the Company through the SPV and that, in making its decision to invest in a SPV, the Investor has relied solely upon the Company Information, any other relevant information on the Wefunder website, and independent investigations made by the Investor. The Investor understands that no representations or warranties have been made to the Investor by the LLC, the relevant SPV, any administrator appointed from time to time with respect to the SPV (the "Administrator"), any lead investor appointed from time to time with respect to the SPV (the "Lead Investor"), or any partner, member, officer, employee, agent, affiliate or subsidiary of any of them regarding the Company.

1.2. The Investor has been provided an opportunity to request additional information concerning the Company and the offering through the Ask A Question feature on wefunder.com.

1.3. The Investor understands and agrees that neither Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC, any of their affiliates, nor any director, manager, officer, shareholder, member, employee or agent of Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or any of their affiliates (each, a "Wefunder Party," and collectively, "Wefunder Parties") shall be liable in connection with any information or omission of information contained in materials prepared or supplied by the Company. Such materials may include, but are not limited to, information provided by the Company in the Form C related to the offering, information available through the Wefunder website, and materials distributed to the Investor by the SPV on behalf of a Company.

1.4. The Investor represents and agrees that no Wefunder Party has recommended or suggested any investment in a SPV, or any investment related to a Company, to the Investor.

1.5. Investor understands that no Wefunder Party is an adviser to Investor, and that Investor is not an advisory or other client of any Wefunder Party.

1.6. The Investor is not relying on any Wefunder Party or any other person or entity with respect to the legal, accounting, business, investment, pension, tax or other economic considerations involved in this investment other than the Investor's own advisers that are not affiliated with any of the foregoing persons.

1.7. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of the Investor's investment in the SPV and is able to bear such risks. The Investor has obtained, in the Investor's judgment, sufficient information to evaluate the merits and risks of such investment. The Investor has evaluated the risks of investing in the SPV, understands there are substantial risks of loss incidental to the purchase of an Interest and has determined that the Interest is a suitable investment for the Investor and consistent with the general investment objectives of the Investor.

# 2. Investor's Representations Related To Investment in a SPV.

2.1. The Investor is acquiring the Interest for its own account, for investment purposes only and not with an intent to resell or distribute the Interest (or any distributions received from the SPV in whole or in part), and the Investor agrees that it will not sell or otherwise transfer the Interest unless in compliance with Regulation Crowdfunding and other applicable securities laws, and with the terms and conditions of this Agreement.
2.2. The Investor's investment in the Interest is consistent with the investment purposes, objectives and cash flow requirements of the Investor and will not adversely affect the Investor's overall need for diversification and liquidity.
2.3. The Investor has all requisite power, authority and capacity to acquire and hold the Interest and to execute, deliver and comply with the terms of each of the instruments required to be executed and delivered by the Investor in connection with the Investor's subscription for the Interest, including without limitation this Subscription Agreement, and such execution, delivery and compliance does not conflict with, or constitute a default under, any instruments governing the Investor, any law, regulation or order, or any agreement or other undertaking to which the Investor is a party or by which the Investor may be bound. If the Investor is an entity, the person executing and delivering each of such instruments on behalf of the Investor has all requisite power, authority and capacity to execute and deliver such instruments, and, upon request by the SPV, will furnish to the SPV a true and correct copy of any instruments governing the Investor, including all amendments thereto. The signature on each of such instruments is genuine and each of such instruments constitutes a legal, valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms.
2.4. The Wefunder Parties are each hereby authorized and instructed to accept and execute any instructions in respect of the Interest given by the Investor in written or electronic form. The Wefunder Parties may rely conclusively upon and shall incur no liability in respect of any action take upon any notice, consent, request, instructions or other instrument believed in good faith to be genuine or to be signed by properly authorized persons of the Investor.
2.5. Pursuant to the requirements of Treas. Reg. § 301.6109-1(c), the Investor has provided, or agrees to provide upon the earlier of (i) two years of an acquisition of an Interest or (ii) twenty (20) days before any distribution is to be made from the SPV, his, her or its taxpayer identification number (e.g., social security number or employer identification number) under penalties of perjury and has or will attest that the Internal Revenue Service has not notified the Investor that he, she or it is subject to backup withholding.

# 3. The Manager Has The Right To Reject Any Subscription, In Whole Or In Part.

3.1. The Investor understands that the SPV will not register as an investment company under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), nor will it make a public offering of its securities within the United States.
3.2. The Investor understands that the value of all investments in any SPV made through individual retirement accounts ("IRAs") must be less than \(25\%\) of the value of the SPV's assets.

3.3. If the Investor is investing in a SPV through an employee benefit plan of any kind, including an individual retirement account (the "Plan"), and an individual or entity (the "Fiduciary") has entered into this Agreement on behalf of the Plan, the Fiduciary hereby makes the following representations, warranties, and covenants:

i. The Fiduciary is a fiduciary of the Plan who is authorized to invest Plan assets or is acting at the direction of a Plan fiduciary authorized to invest Plan assets. The Fiduciary has determined that an investment in the Fund is consistent with the Fiduciary's responsibilities to the Plan under Employee Retirement Income Security Act of 1974, as amended ("ERISA") or other applicable law, and is qualified to make such investment decision. The Fiduciary is authorized to make all representations, covenants and agreements set forth in this Agreement about and on behalf of the Investor, and the Fiduciary hereby agrees that, except for the representations, covenants and agreements contained in this section 3.3, all representations, covenants and agreements contained in this Agreement are made on behalf of the Investor who is investing through the Plan.

ii. The execution and delivery of this Subscription Agreement, and the investment contemplated hereby has been duly authorized by all appropriate and necessary parties pursuant to the provisions of the instrument or instruments governing the Plan and any related trust; and (B) will not violate, and is not otherwise inconsistent with, the terms of such instrument or instruments.

iii. The Fiduciary acknowledges that the assets of the Fund will be invested in accordance with the Company Information related to that Fund.

iv. The Plan's purchase and holding of an Interest will not constitute a non-exempt transaction prohibited under ERISA, Section 4975 of the Internal Revenue Code (the "Code"), or any similar laws or other federal, state, local, foreign or other laws or regulations applicable to the Plan and its investments. None of the Wefunder entities nor any of their affiliates, agents, or employees: (A) exercises any authority or control with respect to the management or disposition of assets of the Plan used to purchase an Interest; (B) renders investment advice for a fee (pursuant to an agreement or understanding that such advice will serve as a primary basis for investment decisions and that such advice will be based on the particular investment needs of the Plan), with respect to such assets of the Plan, or has the authority to do so, or (C) is an employer maintaining or contributing to, or any of whose employees are covered by, the Plan.

v. The Fiduciary understands and agrees to the fee arrangements described in the Company Information.

vi. The Fiduciary understands and agrees that, to prevent the assets of the SPV from being treated as "plan assets" for purposes of ERISA and Section 4975 of the Code, the Investor may be prohibited from purchasing or acquiring an Interest or may be required to redeem its Interest or a portion thereof.

3.4. The Investor acknowledges that the SPV and any Administrator, on the SPV's behalf, may not accept any investment from an Investor if the Investor cannot truthfully make the representations contained herein.

4. The Correctness And Accuracy Of All Information Provided By Investor To The LLC Or The SPV.

4.1. The Investor confirms that all information and documentation provided to the LLC, the SPV, and any Administrator, including, but not limited to, all information regarding the Investor's identity, taxpayer identification number, the source of the funds to be invested in the SPV, and the Investor's eligibility to invest in offerings under Regulation Crowdfunding, is true, correct and complete. Should any such information change or no longer be accurate, the Investor agrees and covenants that they will promptly notify the Wefunder Parties of such changes via the wefunder.com platform. The Investor agrees and covenants that he, she or it will maintain accurate and up-to-date contact information (including email and mailing address) on the wefunder.com platform and will promptly update such information in the event it changes or is no longer accurate.

4.2. The representations, warranties, agreements, undertakings and acknowledgments made by the Investor in this Subscription Agreement will be relied upon by the LLC, the SPV, and any Administrator in determining the Fund's compliance with federal and state securities laws, and shall survive the Investor's admission as a Member of the SPV.

4.3. All information that the Investor has provided to the LLC, the SPV, and any Administrator concerning the knowledge and experience of financial, tax and business matters of the Investor is correct and complete.

# 5. The Wefunder Parties' Right To Use Investor Information.

5.1. The Investor agrees and consents to the Wefunder Parties, their delegates and their duly authorized agents and any of their respective related, associated or affiliated companies obtaining, holding, using, disclosing and processing the Investor's data:

a. to facilitate the acceptance, management and administration of the Investor's subscription for an Interest on an on-going basis;
b. for any other specific purposes where the Investor has given specific consent to do so;
c. to carry out statistical analysis, market research, and tracking of investment performance over time;
d. to comply with legal or regulatory requirements applicable to the SPV and any Administrator or the Investor, including, but not limited to, in connection with anti-money laundering and similar laws;
e. for disclosure or transfer to third parties including the Investor's financial adviser (where appropriate), regulatory bodies, auditors, technology providers or to the SPV, any Administrator, any Lead Investor, and their delegates or their duly appointed agents and any of their respective related, associated or affiliated companies for the purposes specified above;
1. If the contents thereof are relevant to any issue in any action, suit or proceeding to which the LLC, the SPV, any Administrator, any Lead Investor, or their affiliates are a party or by which they are or may be bound;
g. for other legitimate business of the LLC, the SPV, any Administrator, or any Lead Investor.

5.2. The Investor acknowledges and agrees that it will provide additional information or take such other actions as may be necessary or advisable for the SPV or any Administrator (in the sole judgment of the SPV and/or any Administrator) to comply with any disclosure and compliance policies, related legal process or appropriate requests (whether formal or informal) or otherwise.
5.3. The Investor agrees and consents to disclosure by the LLC, the SPV and any of their agents, including any Administrator or any Lead Investor, to relevant third parties of information pertaining to the Investor in respect of disclosure and compliance policies or information requests related thereto. Without limiting the generality of the foregoing, the Investor agrees that information about the Investor may be provided to the Company in whose securities a SPV will or proposes to invest.
5.4. The Investor authorizes the LLC, the SPV, any Administrator, and each SPV service provider to disclose the Investor's nonpublic personal information to comply with regulatory and contractual requirements applicable to the SPV and its investments. Any such disclosure shall be permitted notwithstanding any privacy policy or similar restrictions regarding the disclosure of the Investor's nonpublic personal information.

# 6. Key Risk Factors

6.1. The Investor understands that investment in a SPV may involve a complete loss of the Investor's investment. In this regard, the Investor understands that such venture investments involve a high degree of risk, and that many or most venture company investments lose money. An Investor may ultimately receive cash, securities, or a combination of cash and securities (and in many cases nothing at all). If the Investor receives securities, the securities may not be publicly traded, and may not have any significant value.
6.2. The Investor understands and agrees that the Interests are subject to restrictions on transfer and cannot be redeemed. Instead, an Investor typically must hold his or her Interest in a SPV until the SPV has sold or otherwise disposed of its investments and the SPV distributes its investments to the investors in the SPV (a "Liquidation Event"). An Investor typically will not receive any distributions until such a Liquidation Event (and may not receive anything even upon a Liquidation Event), which may not occur for many years. The Investor must therefore bear the economic risk of holding their investment for an indefinite period of time.

6.3. The Investor understands and agrees that the Interests: (a) have not been registered under the Securities Act or any other law of the United States, or under the securities laws of any state or other jurisdiction, and therefore an Interest cannot be resold, pledged, assigned or otherwise disposed of unless it is so registered or an exemption from registration is available; and (b) can only be transferred as permitted under Regulation Crowdfunding and subject to the terms and conditions of this Agreement.

6.4. The Investor understands that no guarantees have been made to the Investor about future performance or financial results of the SPV, and an investment in the SPV may result in a gain or loss upon termination or liquidation of the SPV. It is possible that the investors in a SPV will have "phantom income," which could require them to pay taxes on their investment in a SPV even though the SPV does not distribute any income (or does not distribute sufficient income to pay the taxes).

6.5. The Investor understands and agrees that the SPV was formed by and is operated by Wefunder Admin, LLC on behalf of the Company. Investors will have no right to manage or influence the management of any SPV or of the LLC.

6.6. The Investor understands and agrees that the Company may appoint a Lead Investor and that, if appointed, pursuant to a power of attorney granted by the Investor in the Investor Agreement, the Lead Investor will exercise voting authority on behalf of the Investor with respect to the SPV securities the Investor owns.

6.7. The Investor represents that he or she has read and understands the risk factors contained in the Company Information. The Investor understands and agrees that each Company is solely responsible for providing risk factors, conflicts of interest, and other disclosures that investors should consider when investing in securities issued by that Company (including through a SPV), and that the Wefunder Parties have no ability to assure, and have not in any way assured, that any or all such risk factors, conflicts of interest and other disclosures have been presented fully and fairly, or have been presented at all.

6.8. The Investor understands that any privacy statements, reports or other communications regarding the SPV and the Investor's investment in the SPV (including annual and other updates, and tax documents) will be delivered via electronic means, including through wefunder.com. The Investor hereby consents to electronic delivery as described in the preceding sentence. In so consenting, the Investor acknowledges that email messages are not secure and may contain computer viruses or other defects, may not be accurately replicated on other systems, or may be intercepted, deleted or interfered with, with or without the knowledge of the sender or the intended recipient. The Investor also acknowledges that an email from the Wefunder Parties may be accessed by recipients other than the Investor and may be interfered with, may contain computer viruses or other defects and may not be successfully replicated on other systems. No Wefunder Party gives any warranties in relation to these matters.

6.9. The Investor understands and agrees that if he, she or it does not provide a valid taxpayer identification number under penalties of perjury, and attest that the Investor has not been notified by the Internal Revenue Service that he, she or it is subject to backup withholding, the SPV will be required to withhold from any proceeds otherwise payable to the Investor an amount necessary to satisfy the SPV's backup withholding obligations.

6.10. The Investor understands and agrees that if he, she or it does not provide a valid taxpayer identification number to the SPV, the SPV will withhold from any proceeds otherwise payable to the Investor an amount necessary for the SPV to satisfy its tax withholding obligations with respect to such amount. The SPV may also withhold any other amounts representing the SPV's reasonable estimation of penalties that may be charged by the Internal Revenue Service or any other taxing authority as a result of the Investor's failure to provide a valid taxpayer identification number.

# 7. Compliance With Anti-Money Laundering Laws.

7.1. The Investor represents and warrants that the Investor's investment was not directly or indirectly derived from illegal activities, including any activities that would violate U.S. Federal or State laws or any laws and regulations of other countries.

7.2. The Investor acknowledges that U.S. Federal law, regulations and Executive Orders administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") may prohibit the SPV, any Administrator, or any Lead Investor from, among other things, engaging in transactions with, and the provision of services to, persons on the list of Specially Designated Nationals and Blocked Persons and persons, foreign countries and territories that are the subject of U.S. sanctions administered by OFAC (collectively, the "OFAC Maintained Sanctions").

7.3. The Investor acknowledges that the SPV prohibits the investment of funds by any persons or entities that are (i) the subject of OFAC Maintained Sanctions, (ii) acting, directly or indirectly, in contravention of any applicable laws and regulations, including anti-money laundering regulations or conventions, or on behalf of persons or entities subject to an OFAC Maintained Sanction, (iii) acting, directly or indirectly, for a senior foreign political figure, any member of a senior foreign political figure's immediate family or any close associate of a senior foreign political figure, unless the SPV, after being specifically notified by the Investor in writing that it is such a person, conducts further due diligence, and determines that such investment shall be permitted, or (iv) acting, directly or indirectly, for a foreign shell bank (such persons or entities in (i) - (iv) are collectively referred to as "Prohibited Persons"). The Investor represents and warrants that it is not, and is not acting directly or indirectly on behalf of, a Prohibited Person.

7.4. To the extent the Investor has any beneficial owners, (i) it has carried out thorough due diligence to establish the identities of such beneficial owners, (ii) based on such due diligence, the Investor reasonably believes that no such beneficial owners are Prohibited Persons, (iii) it holds the evidence of such identities and status and will maintain all such evidence for at least five years from the date of the liquidation or termination of the SPV, and (iv) it will make available such information and any additional information requested by the SPV that is required under applicable regulations.

7.5. The Investor acknowledges and agrees that the SPV or any Administrator may "freeze the account" of the Investor, including, but not limited to, by suspending distributions from the SPV to which the Investor would otherwise be entitled, if necessary to comply with anti-money laundering statutes or regulations.

7.6. The Investor acknowledges and agrees that the SPV and/or any Administrator, in complying with anti-money laundering statutes, regulations and goals, may file voluntarily and/or as required by law suspicious activity reports ("SARs") or any other information with governmental and law enforcement agencies that identify transactions and activities that the SPV or any Administrator or their agents reasonably determine to be suspicious, or is otherwise required by law. The Investor acknowledges that the LLC, the SPV, and any Administrator are prohibited by law from disclosing to third parties, including the Investor, any filing or the substance of any SARs.

7.7. The Investor agrees that, upon the request of the LLC, the SPV, or any Administrator, it will provide such information as the LLC, the SPV, or any Administrator requires to satisfy applicable anti-money laundering laws and regulations, including, without limitation, background documentation about the Investor

# 8. Regulatory Provisions

8.1. The Investor understands that no federal or state agency has passed upon the Interests or made any findings or determination as to the fairness of this investment.

8.2. The Investor certifies that the information contained in the executed copy of Form W-9 submitted to the SPV (if any) and/or the taxpayer identification provided to the SPV is correct. The Investor agrees to provide such other documentation as the SPV determines may be necessary for the SPV to fulfill any tax reporting and/or withholding requirements.

8.3. The Investor understands and agrees that the Company may cause the SPV to make an election under Section 754 of the Internal Revenue Code (the "Code") or an election to be treated as an "electing investment partnership" for purposes of Section 743 of the Code. If the SPV elects to be treated as an electing investment partnership, the Investor shall cooperate with the SPV to maintain that status and shall not take any action that would be inconsistent with such election. Upon request, the Investor shall provide the SPV with any information necessary to allow the SPV to comply with (a) its obligations to make tax basis adjustments under Section 734 or 743 of the Code and (b) its obligations as an electing investment partnership.

8.4. The Investor consents to receive any Schedule K-1 (Partner's Share of Income, Deductions, Credits, etc.) from the SPV electronically via email, the Internet and/or another electronic reporting medium in lieu of paper copies. The Investor agrees that it will confirm this consent electronically at a future date in a manner set forth by the Company at such time and as required by the electronic receipt consent rules set forth by the Internal Revenue Service. The Investor may request a paper copy of the Investor's Schedule K-1 by contacting Wefunder Inc. at support@wefunder.com or such other email address as specified on the wefunder.com platform. Requesting a paper copy will not constitute a withdrawal of the Investor's consent to receive reports or other communications, including Schedule K-1, electronically. The Investor may withdraw its consent for electronic delivery or change its contact preferences for such delivery at any time by writing to support@wefunder.com or such other email address as specified on the wefunder.com platform. Such withdrawal will take effect promptly after receipt, unless otherwise agreed upon. Upon receipt of a withdrawal request, the SPV will confirm the withdrawal and the date on which it takes effect in writing (either electronically or on paper). A withdrawal of consent does not apply to a statement that was furnished electronically before the date on which the withdrawal of consent takes effect. The SPV will cease providing information electronically upon termination of the SPV. Notwithstanding the Investor's consent to receive materials electronically, the Investor still may be required to print and attach its Schedule K-1 to a federal, state or local tax return.

# 9. Miscellaneous Provisions

# 9.1. Indemnification

9.1.1. The Investor agrees to indemnify and hold harmless the LLC, the SPV, any Administrator, any Lead Investor, or any partner, member, officer, employee, agent, affiliate or subsidiary of any of them, and each other person, if any, who controls, is controlled by, or is under common control with, any of the foregoing, within the meaning of Section 15 of the Securities Act, and their respective officers, directors, partners, members, shareholders, owners, employees and agents (collectively, the "Indemnified Parties") against any and all loss, liability, claim, damage and expense whatsoever (including all expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) arising out of or based upon (i) any false representation or warranty made by the Investor, or breach or failure by the Investor to comply with any covenant or agreement made by the Investor, in this Subscription Agreement or in any other document furnished by the Investor to any of the foregoing in connection with this transaction, or (ii) any action for securities law violations instituted by the Investor that is finally resolved by judgment against the Investor.

9.1.2. The Investor also agrees to indemnify each Indemnified Party for any and all costs, fees and expenses (including legal fees and disbursements) in connection with any damages resulting from the Investor's misrepresentation or misstatement contained herein, or the assertion of the Investor's lack of proper authorization from the beneficial owner to enter into this Subscription Agreement or perform the obligations hereof.

9.1.3. The Investor agrees to indemnify and hold harmless each Indemnified Party from and against any tax, interest, additions to tax, penalties, reasonable attorneys' and accountants' fees and disbursements, together with interest on the foregoing amounts at a rate determined by the SPV or any Administrator computed from the date of payment through the date of reimbursement, arising from the failure to withhold and pay over to the U.S. Internal Revenue Service or the taxing authority of any other jurisdiction any amounts computed, as required by applicable law, with respect to the income or gains allocated to or amounts distributed to the Investor with respect to its Interest during the period from the Investor's acquisition of the Interest until the Investor's transfer of the Interest in accordance with this Agreement, the LLC Agreement, and Regulation Crowdfunding.

9.1.4. If for any reason (other than the willful misfeasance or gross negligence of the entity that would otherwise be indemnified) the foregoing indemnification is unavailable to, or is insufficient to hold such Indemnified Party harmless, then the Investor shall contribute to the amount paid or payable by the Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the Investor on the one hand and the Indemnified Parties on the other but also the relative fault of the Investor and the Indemnified Parties, as well as any relevant equitable considerations.

9.1.5. The reimbursement, indemnity and contribution obligations of the Investor under this section shall be in addition to any liability that the Investor may otherwise have, and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Indemnified Parties.

9.2. Limitation of Liability. The LLC is a Delaware "multi-series" limited liability company. As a multi-series limited liability company, the LLC may operate multiple series with the benefit of segregation of assets and liabilities among each of its series pursuant to the Delaware Limited Liability Company Act, as amended (the "Delaware Act"). Accordingly, the Investor hereby agrees that the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a series (including the SPV) shall be enforceable against the assets of that series only and not against the LLC generally or the assets of any other series. In addition, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the LLC generally, or any particular series, shall be enforceable against the assets of any other series.

9.3. **Counsel** The Investor understands that Morrison & Foerster LLP serves as legal counsel on certain matters to Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC and Wefunder Advisors, LLC and not to the SPV or any Investor by virtue of its investment in the SPV, and that no independent counsel has been retained to represent the SPV or Investors in the SPV. The Investor also understands that Morrison & Foerster LLP has not independently verified any factual assertions made in the Company Information or on the Wefunder website and is not responsible for the SPV's compliance with its investment program or applicable law.

9.4. **Power of Attorney** The Investor hereby appoints each of the Company and Wefunder Admin, LLC as its true and lawful representative and attorney-in-fact, in its name, place and stead to make, execute, sign, acknowledge, swear to and file:

9.4.1. a Certificate of Formation of the LLC and any amendments required under the Delaware Act
9.4.2. the LLC Agreement and any duly adopted amendments;
9.4.3. any and all instruments, certificates and other documents that may be deemed necessary or desirable to effect the winding-up and termination of the LLC or the SPV (including a Certificate of Cancellation of the Certificate of Formation); and
9.4.4. any business certificate, fictitious name certificate, related amendment or other instrument or document of any kind necessary or desirable to accomplish the LLC's or the SPV's business, purpose and objectives or required by any applicable U.S., state, local or other law.

This power of attorney is coupled with an interest, is irrevocable, and shall survive and shall not be affected by the subsequent death, disability, incompetency, termination, bankruptcy, insolvency or dissolution of the Investor; provided, however, that this power of attorney will terminate upon the substitution of another SPV member for all of the Investor's investment in the LLC or the SPV or upon the liquidation or termination of the LLC or the SPV. The Investor hereby waives any and all defenses that may be available to contest, negate or disaffirm the actions of the LLC, the SPV, and any Administrator taken in good faith under this power of attorney.

# 9.5. Confidentiality

9.5.1. The Investor agrees that the Company Information and all financial statements (if any), tax reports (if any), portfolio valuations (if any), private placement memoranda (if any), reviews or analyses of potential or actual investments (if any), reports or other materials prepared or produced by the SPV and/or any Administrator and all other documents and information concerning the affairs of the SPV and/or the Fund's investments, including, without limitation, information about the Company, and/or the persons directly or indirectly investing in the SPV (collectively, the "Confidential Information") that the Investor may receive pursuant to or in accordance with the use of the Wefunder website, an investment in one or more SPVs, or otherwise as a result of its ownership of an Interest in the SPV, constitute proprietary and confidential information about the SPV, any Administrator, and/or any Lead Investor (the "Affected Parties").

9.5.2. The Investor acknowledges that the Affected Parties derive independent economic value from the Confidential Information not being generally known and that the Confidential Information is the subject of reasonable efforts to maintain its secrecy. The Investor further acknowledges that the Confidential Information is a trade secret, the disclosure of which is likely to cause substantial and irreparable competitive harm to the Affected Companies or their respective businesses. The Investor shall not reproduce any of the Confidential Information or portion thereof or make the contents thereof available to any third party other than a disclosure on a need-to-know basis to the Investor's legal, accounting or investment advisers, auditors and representatives (collectively, "Advisers"), except to the extent compelled to do so in accordance with applicable law (in which case the Investor shall promptly notify the SPV of the Investor's obligation to disclose any Confidential Information) or with respect to Confidential Information that otherwise becomes publicly available other than through breach of this provision by the Investor.

9.5.3. To the fullest extent permitted by law, the Investor agrees not to request disclosure or inspection of any such information after the Investor is notified (whether in response to the Investor's request for information or otherwise) that the SPV has determined not to disclose such information.

9.5.4. The Investor agrees that the LLC, the SPV, and the SPV service providers would be subject to potentially irreparable injury as a result of any breach by the Investor of the covenants and agreements set forth in this Item 9.5, and that monetary damages would not be sufficient to compensate or make whole the LLC, the SPV, and the SPV services providers for any such breach. Accordingly the Investor agrees that the LLC, the SPV, and the SPV service providers shall be entitled to equitable and injunctive relief, on an emergency, temporary, preliminary and/or permanent basis, to prevent any such breach or the continuation thereof.

9.6. Amendments. Neither this Subscription Agreement nor any term hereof may be supplemented, changed, waived, discharged or terminated except with the written consent of the Investor and the Company on behalf of the relevant SPV. For the sake of clarity, the restriction on the Company in the preceding sentence applies solely to the form of this Subscription Agreement applicable to SPVs that have had a closing, and does not prevent the Company from changing the form and content of this Subscription Agreement for use in offerings of SPVs that have not had a closing.

9.7. Assignability and Transferability. This Subscription Agreement is not transferable or assignable by the Investor without the prior written consent of the Company on behalf of the SPV, and any transfer or assignment in violation of this provision shall be null and void. The Interests in the SPV being acquired by Investor herein may only be transferred by Investor in compliance with Regulation Crowdfunding and the terms and conditions of this Agreement. If Investor seeks to transfer the Interests, Investor shall first give written notice to the Company and Wefunder Admin, LLC, including the number of Interests that Investor desires to transfer, the proposed price, the name and contact information of the proposed buyer, and any other information that the Company or Wefunder Admin, LLC may reasonably request. To the extent possible, such notice shall be provided through the Wefunder.com website. Any transfer of Interests shall be subject to execution by Investor and the proposed transferee of appropriate documentation, as may be required by the Company or Wefunder Admin, LLC, in their discretion. Investor further acknowledges that pursuant to the LLC Agreement, Wefunder Admin, LLC (as Series Manager of the SPV), may impose additional restrictions on or prohibit the Transfer of Interests for any reason or no reason, in its sole discretion.

9.8. **Repurchase.** In the event that the SPV or any Administrator determines that it is likely that within twelve (12) months the securities of the SPV or the Company will be held of record by a number of persons that would require the SPV or the Company to register a class of its equity securities under the Securities Exchange Act of 1934, as amended ('Exchange Act'), as required by Section 12(g) or 15(d) thereof, the SPV shall have the option to repurchase the Interests from each Investor to the extent necessary to avoid the requirement to register a class of its securities under the Exchange Act. Such repurchase of Interests shall be for the greater of (i) the purchase price of the Interests, or (ii) the fair market value of the Interests, as determined by an independent appraiser of securities chosen by the Administrator. Any such repurchase may only occur with the consent of Wefunder Admin, LLC, as Series Manager of the SPV.

9.9. **Governing Law.** Consent to Jurisdiction. Notwithstanding the place where this Subscription Agreement may be executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed under the laws of the State of Delaware. Any action or proceeding brought by the SPV or any SPV service provider against one or more investors in the SPV relating in any way to this Subscription Agreement or the LLC Agreement may, and any action or proceeding brought by any other party against the SPV or any SPV service provider relating in any way to this Subscription Agreement or the Company Information shall, be brought and enforced in the state courts of the State of Delaware located in Wilmington or (to the extent subject matter jurisdiction exists therefore) in the courts of the United States located in the District of Delaware; and the Investor and the SPV irrevocably submit to the jurisdiction of both such state and federal courts in respect of any such action or proceeding. The Investor and the SPV irrevocably waive, to the fullest extent permitted by law, any objection that they may now or hereafter have to laying the venue of any such action or proceeding in the courts of the State of Delaware located in Wilmington or in the courts of the United States located in the District of Delaware and any claim that any such action or proceeding brought in any such court has been brought in an inconvenient forum.

9.10. **Severability.** If any provision of this Subscription Agreement is invalid or unenforceable under any applicable law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such applicable law. Any provision hereof that may be held invalid or unenforceable under any applicable law shall not affect the validity or enforceability of any other provisions hereof, and to this extent the provisions hereof shall be severable.

9.11. **Headings.** The headings in this Subscription Agreement are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

9.12. **General.** This Subscription Agreement shall be binding upon the Investor and the legal representatives, successors and assigns of the Investor, shall survive the admission of the Investor as a member of a SPV, and shall, if the Investor consists of more than one person, be the joint and several obligation of all such persons.

*[Remainder of page intentionally left blank. Signature page follows.]*

The undersigned have executed this instrument as of the date first above written.

SPV

Raise Green I, as series of Wefunder SPV, LLC
By: Wefunder Admin, LLC, its Manager

By: Founder Signature

Date:

Name: Nicholas Tommarello

Title: Chief Executive Officer

Investor

[INVESTOR NAME]

By: Investor Signature

Date:

CONTACT INFORMATION:

Name: [INVESTOR NAME]

Mailing Address:

City:

Country:

E-mail:

# TERMS APPENDIX FOR THE PURCHASE OF Raise
Green, Inc. SECURITIES BY Raise Green I. A SERIES
OF WEFUNDER SPV, LLC. A DELAWARE LIMITED
LIABILITY COMPANY

**Type of Security:** Future Equity

**Terms** $8M valuation cap and 10% discount

To view a copy of the contract, please see **Appendix B, Investor Contracts** of
the Form C. The latest Form C or C/A filing be found here:
https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-
TYPE%3DC%2FA+or+FORM-
TYPE%3DC%29+and+CIK%3D0001747584&first=2016

**Attachment 4:** `document_4.pdf`

# **Raise Green I EB (THE "SPV"),**
a series of **Wefunder SPV, LLC**, a Delaware limited
liability company (the "LLC")

# Subscription Agreement

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**Raise Green I EB** (the "SPV"), a series of **Wefunder SPV, LLC** (the "LLC"), is a special purpose vehicle that will invest all of its assets in securities issued by **Raise Green, Inc.** (the "Company"). By making an investment in the SPV through the **Wefunder website**, I understand and agree to the representations set forth below.

I have reviewed the following information and documents in connection with this Subscription Agreement:

1. The information on the **Wefunder website** about the Company. I acknowledge that this information was prepared solely by either the Company or a third party whose work has been verified by the Company, and that none of **Wefunder, Inc.**, **Wefunder Portal, LLC**, **Wefunder Admin, LLC** or **Wefunder Advisors, LLC**, nor any of their affiliates, employees or agents, are responsible for the adequacy, completeness, or accuracy of this information;
2. The Form C relating to this investment, which provides information about investment in the Company through the use of the SPV;
3. The Series Appendix, an appendix to the **Wefunder SPV, LLC** limited liability company agreement (the "**LLC Agreement**"), which sets forth certain specific terms of the SPV;
4. The Terms Appendix, which summarizes the terms of the Company securities to be purchased by the SPV;
5. The **LLC Agreement**, which sets forth other terms applicable to each SPV;
6. This Subscription Agreement, which sets forth the terms governing your investment in the SPV, and that sets forth certain representations you are making in connection with your investment in the SPV;
7. The **Wefunder Investor Agreement**; and
8. The **Wefunder Terms of Service**.

**By making an investment in the SPV through the Wefunder website, I agree to be bound by this Subscription Agreement and the terms of the other agreements listed above with respect to my investment in the SPV.**

# Subscription Agreement

# SCOPE OF AGREEMENT AND INVESTOR ELIGIBILITY
REPRESENTATIONS

A. This agreement ("Agreement") applies to each investment in a series ("SPV") of Wefunder SPV, LLC (the "LLC"). Each series is a separate pool of assets from every other series. Each SPV will invest all of its assets in securities issued by a single company ("Company") as set forth in the applicable series appendix ("Series Appendix") to the Wefunder SPV, LLC limited liability company agreement (LLC Agreement). The terms of the Company securities to be purchased by the SPV are summarized in an appendix ("Terms Appendix") attached to this Agreement.
B. Each SPV is formed by and operated by Wefunder Admin, LLC on behalf of the Company in whose securities that SPV invests.
C. Important information about the Company, about the related SPV, and more generally about investments through the Wefunder website, is available through the Wefunder website. The Investor should review that information, and all relevant Company Information (as defined below), carefully before making an investment in any SPV.
D. Each SPV will offer membership interests ("Interests") in that SPV pursuant to Regulation Crowdfunding under the U.S. Securities Act of 1933, as amended (the "Securities Act").
E. You hereby agree that each time you make an investment in any SPV, you will be deemed to have entered into this Agreement, and will be deemed to have made each representation and covenant contained in this Agreement.
F. Except as the context otherwise requires, any reference in this Subscription Agreement to:

1. a "SPV" shall mean "The LLC acting solely on behalf of and for the account of the SPV";
2. "Investor" and "you" shall mean a person (whether individually, jointly with another person, or through his or her individual retirement account) who has agreed to invest, or has invested, in any SPV; and
3. "Company Information" means:

a. The information on the Wefunder website about the Company. I acknowledge that this information was prepared solely by either the Company or a third party whose work has been verified by the Company, and that neither Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or Wefunder Advisors, LLC (together, the "Wefunder entities," nor any of their affiliates, employees or agents, are responsible for the adequacy, completeness, or accuracy of this information;
b. The Form C relating to this investment, which provides information about investment in the Company through the use of the SPV;
c. The Series Appendix, an appendix to the Wefunder SPV, LLC limited liability company agreement (the "LLC Agreement"), which sets forth certain specific terms of the SPV;
d. The Terms Appendix, which summarizes the terms of the Company securities to be purchased by the SPV;
e. The LLC Agreement, which sets forth other terms applicable to each SPV;
f. This Subscription Agreement, which sets forth the terms governing your investment in the SPV, and that sets forth certain representations you are making in connection with your investment in the SPV;
g. The Wefunder Investor Agreement; and
h. The Wefunder Terms of Service.

INVESTOR'S REPRESENTATIONS AND COVENANTS

# 1. Investor's Review of Information and Investment Decision

1.1. The Investor has carefully read and understands the Company Information. The Investor acknowledges that it has made an independent decision to invest indirectly in the Company through the SPV and that, in making its decision to invest in a SPV, the Investor has relied solely upon the Company Information, any other relevant information on the Wefunder website, and independent investigations made by the Investor. The Investor understands that no representations or warranties have been made to the Investor by the LLC, the relevant SPV, any administrator appointed from time to time with respect to the SPV (the "Administrator"), any lead investor appointed from time to time with respect to the SPV (the "Lead Investor"), or any partner, member, officer, employee, agent, affiliate or subsidiary of any of them regarding the Company.

1.2. The Investor has been provided an opportunity to request additional information concerning the Company and the offering through the Ask A Question feature on wefunder.com.

1.3. The Investor understands and agrees that neither Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC, any of their affiliates, nor any director, manager, officer, shareholder, member, employee or agent of Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or any of their affiliates (each, a "Wefunder Party," and collectively, "Wefunder Parties") shall be liable in connection with any information or omission of information contained in materials prepared or supplied by the Company. Such materials may include, but are not limited to, information provided by the Company in the Form C related to the offering, information available through the Wefunder website, and materials distributed to the Investor by the SPV on behalf of a Company.

1.4. The Investor represents and agrees that no Wefunder Party has recommended or suggested any investment in a SPV, or any investment related to a Company, to the Investor.

1.5. Investor understands that no Wefunder Party is an adviser to Investor, and that Investor is not an advisory or other client of any Wefunder Party.

1.6. The Investor is not relying on any Wefunder Party or any other person or entity with respect to the legal, accounting, business, investment, pension, tax or other economic considerations involved in this investment other than the Investor's own advisers that are not affiliated with any of the foregoing persons.

1.7. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of the Investor's investment in the SPV and is able to bear such risks. The Investor has obtained, in the Investor's judgment, sufficient information to evaluate the merits and risks of such investment. The Investor has evaluated the risks of investing in the SPV, understands there are substantial risks of loss incidental to the purchase of an Interest and has determined that the Interest is a suitable investment for the Investor and consistent with the general investment objectives of the Investor.

# 2. Investor's Representations Related To Investment in a SPV.

2.1. The Investor is acquiring the Interest for its own account, for investment purposes only and not with an intent to resell or distribute the Interest (or any distributions received from the SPV in whole or in part), and the Investor agrees that it will not sell or otherwise transfer the Interest unless in compliance with Regulation Crowdfunding and other applicable securities laws, and with the terms and conditions of this Agreement.
2.2. The Investor's investment in the Interest is consistent with the investment purposes, objectives and cash flow requirements of the Investor and will not adversely affect the Investor's overall need for diversification and liquidity.
2.3. The Investor has all requisite power, authority and capacity to acquire and hold the Interest and to execute, deliver and comply with the terms of each of the instruments required to be executed and delivered by the Investor in connection with the Investor's subscription for the Interest, including without limitation this Subscription Agreement, and such execution, delivery and compliance does not conflict with, or constitute a default under, any instruments governing the Investor, any law, regulation or order, or any agreement or other undertaking to which the Investor is a party or by which the Investor may be bound. If the Investor is an entity, the person executing and delivering each of such instruments on behalf of the Investor has all requisite power, authority and capacity to execute and deliver such instruments, and, upon request by the SPV, will furnish to the SPV a true and correct copy of any instruments governing the Investor, including all amendments thereto. The signature on each of such instruments is genuine and each of such instruments constitutes a legal, valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms.
2.4. The Wefunder Parties are each hereby authorized and instructed to accept and execute any instructions in respect of the Interest given by the Investor in written or electronic form. The Wefunder Parties may rely conclusively upon and shall incur no liability in respect of any action take upon any notice, consent, request, instructions or other instrument believed in good faith to be genuine or to be signed by properly authorized persons of the Investor.
2.5. Pursuant to the requirements of Treas. Reg. § 301.6109-1(c), the Investor has provided, or agrees to provide upon the earlier of (i) two years of an acquisition of an Interest or (ii) twenty (20) days before any distribution is to be made from the SPV, his, her or its taxpayer identification number (e.g., social security number or employer identification number) under penalties of perjury and has or will attest that the Internal Revenue Service has not notified the Investor that he, she or it is subject to backup withholding.

# 3. The Manager Has The Right To Reject Any Subscription, In Whole Or In Part.

3.1. The Investor understands that the SPV will not register as an investment company under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), nor will it make a public offering of its securities within the United States.
3.2. The Investor understands that the value of all investments in any SPV made through individual retirement accounts ("IRAs") must be less than \(25\%\) of the value of the SPV's assets.

3.3. If the Investor is investing in a SPV through an employee benefit plan of any kind, including an individual retirement account (the "Plan"), and an individual or entity (the "Fiduciary") has entered into this Agreement on behalf of the Plan, the Fiduciary hereby makes the following representations, warranties, and covenants:

i. The Fiduciary is a fiduciary of the Plan who is authorized to invest Plan assets or is acting at the direction of a Plan fiduciary authorized to invest Plan assets. The Fiduciary has determined that an investment in the Fund is consistent with the Fiduciary's responsibilities to the Plan under Employee Retirement Income Security Act of 1974, as amended ("ERISA") or other applicable law, and is qualified to make such investment decision. The Fiduciary is authorized to make all representations, covenants and agreements set forth in this Agreement about and on behalf of the Investor, and the Fiduciary hereby agrees that, except for the representations, covenants and agreements contained in this section 3.3, all representations, covenants and agreements contained in this Agreement are made on behalf of the Investor who is investing through the Plan.

ii. The execution and delivery of this Subscription Agreement, and the investment contemplated hereby has been duly authorized by all appropriate and necessary parties pursuant to the provisions of the instrument or instruments governing the Plan and any related trust; and (B) will not violate, and is not otherwise inconsistent with, the terms of such instrument or instruments.

iii. The Fiduciary acknowledges that the assets of the Fund will be invested in accordance with the Company Information related to that Fund.

iv. The Plan's purchase and holding of an Interest will not constitute a non-exempt transaction prohibited under ERISA, Section 4975 of the Internal Revenue Code (the "Code"), or any similar laws or other federal, state, local, foreign or other laws or regulations applicable to the Plan and its investments. None of the Wefunder entities nor any of their affiliates, agents, or employees: (A) exercises any authority or control with respect to the management or disposition of assets of the Plan used to purchase an Interest; (B) renders investment advice for a fee (pursuant to an agreement or understanding that such advice will serve as a primary basis for investment decisions and that such advice will be based on the particular investment needs of the Plan), with respect to such assets of the Plan, or has the authority to do so, or (C) is an employer maintaining or contributing to, or any of whose employees are covered by, the Plan.

v. The Fiduciary understands and agrees to the fee arrangements described in the Company Information.

vi. The Fiduciary understands and agrees that, to prevent the assets of the SPV from being treated as "plan assets" for purposes of ERISA and Section 4975 of the Code, the Investor may be prohibited from purchasing or acquiring an Interest or may be required to redeem its Interest or a portion thereof.

3.4. The Investor acknowledges that the SPV and any Administrator, on the SPV's behalf, may not accept any investment from an Investor if the Investor cannot truthfully make the representations contained herein.

4. The Correctness And Accuracy Of All Information Provided By Investor To The LLC Or The SPV.

4.1. The Investor confirms that all information and documentation provided to the LLC, the SPV, and any Administrator, including, but not limited to, all information regarding the Investor's identity, taxpayer identification number, the source of the funds to be invested in the SPV, and the Investor's eligibility to invest in offerings under Regulation Crowdfunding, is true, correct and complete. Should any such information change or no longer be accurate, the Investor agrees and covenants that they will promptly notify the Wefunder Parties of such changes via the wefunder.com platform. The Investor agrees and covenants that he, she or it will maintain accurate and up-to-date contact information (including email and mailing address) on the wefunder.com platform and will promptly update such information in the event it changes or is no longer accurate.

4.2. The representations, warranties, agreements, undertakings and acknowledgments made by the Investor in this Subscription Agreement will be relied upon by the LLC, the SPV, and any Administrator in determining the Fund's compliance with federal and state securities laws, and shall survive the Investor's admission as a Member of the SPV.

4.3. All information that the Investor has provided to the LLC, the SPV, and any Administrator concerning the knowledge and experience of financial, tax and business matters of the Investor is correct and complete.

# 5. The Wefunder Parties' Right To Use Investor Information.

5.1. The Investor agrees and consents to the Wefunder Parties, their delegates and their duly authorized agents and any of their respective related, associated or affiliated companies obtaining, holding, using, disclosing and processing the Investor's data:

a. to facilitate the acceptance, management and administration of the Investor's subscription for an Interest on an on-going basis;
b. for any other specific purposes where the Investor has given specific consent to do so;
c. to carry out statistical analysis, market research, and tracking of investment performance over time;
d. to comply with legal or regulatory requirements applicable to the SPV and any Administrator or the Investor, including, but not limited to, in connection with anti-money laundering and similar laws;
e. for disclosure or transfer to third parties including the Investor's financial adviser (where appropriate), regulatory bodies, auditors, technology providers or to the SPV, any Administrator, any Lead Investor, and their delegates or their duly appointed agents and any of their respective related, associated or affiliated companies for the purposes specified above;
1. If the contents thereof are relevant to any issue in any action, suit or proceeding to which the LLC, the SPV, any Administrator, any Lead Investor, or their affiliates are a party or by which they are or may be bound;
g. for other legitimate business of the LLC, the SPV, any Administrator, or any Lead Investor.

5.2. The Investor acknowledges and agrees that it will provide additional information or take such other actions as may be necessary or advisable for the SPV or any Administrator (in the sole judgment of the SPV and/or any Administrator) to comply with any disclosure and compliance policies, related legal process or appropriate requests (whether formal or informal) or otherwise.
5.3. The Investor agrees and consents to disclosure by the LLC, the SPV and any of their agents, including any Administrator or any Lead Investor, to relevant third parties of information pertaining to the Investor in respect of disclosure and compliance policies or information requests related thereto. Without limiting the generality of the foregoing, the Investor agrees that information about the Investor may be provided to the Company in whose securities a SPV will or proposes to invest.
5.4. The Investor authorizes the LLC, the SPV, any Administrator, and each SPV service provider to disclose the Investor's nonpublic personal information to comply with regulatory and contractual requirements applicable to the SPV and its investments. Any such disclosure shall be permitted notwithstanding any privacy policy or similar restrictions regarding the disclosure of the Investor's nonpublic personal information.

# 6. Key Risk Factors

6.1. The Investor understands that investment in a SPV may involve a complete loss of the Investor's investment. In this regard, the Investor understands that such venture investments involve a high degree of risk, and that many or most venture company investments lose money. An Investor may ultimately receive cash, securities, or a combination of cash and securities (and in many cases nothing at all). If the Investor receives securities, the securities may not be publicly traded, and may not have any significant value.
6.2. The Investor understands and agrees that the Interests are subject to restrictions on transfer and cannot be redeemed. Instead, an Investor typically must hold his or her Interest in a SPV until the SPV has sold or otherwise disposed of its investments and the SPV distributes its investments to the investors in the SPV (a "Liquidation Event"). An Investor typically will not receive any distributions until such a Liquidation Event (and may not receive anything even upon a Liquidation Event), which may not occur for many years. The Investor must therefore bear the economic risk of holding their investment for an indefinite period of time.

6.3. The Investor understands and agrees that the Interests: (a) have not been registered under the Securities Act or any other law of the United States, or under the securities laws of any state or other jurisdiction, and therefore an Interest cannot be resold, pledged, assigned or otherwise disposed of unless it is so registered or an exemption from registration is available; and (b) can only be transferred as permitted under Regulation Crowdfunding and subject to the terms and conditions of this Agreement.

6.4. The Investor understands that no guarantees have been made to the Investor about future performance or financial results of the SPV, and an investment in the SPV may result in a gain or loss upon termination or liquidation of the SPV. It is possible that the investors in a SPV will have "phantom income," which could require them to pay taxes on their investment in a SPV even though the SPV does not distribute any income (or does not distribute sufficient income to pay the taxes).

6.5. The Investor understands and agrees that the SPV was formed by and is operated by Wefunder Admin, LLC on behalf of the Company. Investors will have no right to manage or influence the management of any SPV or of the LLC.

6.6. The Investor understands and agrees that the Company may appoint a Lead Investor and that, if appointed, pursuant to a power of attorney granted by the Investor in the Investor Agreement, the Lead Investor will exercise voting authority on behalf of the Investor with respect to the SPV securities the Investor owns.

6.7. The Investor represents that he or she has read and understands the risk factors contained in the Company Information. The Investor understands and agrees that each Company is solely responsible for providing risk factors, conflicts of interest, and other disclosures that investors should consider when investing in securities issued by that Company (including through a SPV), and that the Wefunder Parties have no ability to assure, and have not in any way assured, that any or all such risk factors, conflicts of interest and other disclosures have been presented fully and fairly, or have been presented at all.

6.8. The Investor understands that any privacy statements, reports or other communications regarding the SPV and the Investor's investment in the SPV (including annual and other updates, and tax documents) will be delivered via electronic means, including through wefunder.com. The Investor hereby consents to electronic delivery as described in the preceding sentence. In so consenting, the Investor acknowledges that email messages are not secure and may contain computer viruses or other defects, may not be accurately replicated on other systems, or may be intercepted, deleted or interfered with, with or without the knowledge of the sender or the intended recipient. The Investor also acknowledges that an email from the Wefunder Parties may be accessed by recipients other than the Investor and may be interfered with, may contain computer viruses or other defects and may not be successfully replicated on other systems. No Wefunder Party gives any warranties in relation to these matters.

6.9. The Investor understands and agrees that if he, she or it does not provide a valid taxpayer identification number under penalties of perjury, and attest that the Investor has not been notified by the Internal Revenue Service that he, she or it is subject to backup withholding, the SPV will be required to withhold from any proceeds otherwise payable to the Investor an amount necessary to satisfy the SPV's backup withholding obligations.

6.10. The Investor understands and agrees that if he, she or it does not provide a valid taxpayer identification number to the SPV, the SPV will withhold from any proceeds otherwise payable to the Investor an amount necessary for the SPV to satisfy its tax withholding obligations with respect to such amount. The SPV may also withhold any other amounts representing the SPV's reasonable estimation of penalties that may be charged by the Internal Revenue Service or any other taxing authority as a result of the Investor's failure to provide a valid taxpayer identification number.

# 7. Compliance With Anti-Money Laundering Laws.

7.1. The Investor represents and warrants that the Investor's investment was not directly or indirectly derived from illegal activities, including any activities that would violate U.S. Federal or State laws or any laws and regulations of other countries.

7.2. The Investor acknowledges that U.S. Federal law, regulations and Executive Orders administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") may prohibit the SPV, any Administrator, or any Lead Investor from, among other things, engaging in transactions with, and the provision of services to, persons on the list of Specially Designated Nationals and Blocked Persons and persons, foreign countries and territories that are the subject of U.S. sanctions administered by OFAC (collectively, the "OFAC Maintained Sanctions").

7.3. The Investor acknowledges that the SPV prohibits the investment of funds by any persons or entities that are (i) the subject of OFAC Maintained Sanctions, (ii) acting, directly or indirectly, in contravention of any applicable laws and regulations, including anti-money laundering regulations or conventions, or on behalf of persons or entities subject to an OFAC Maintained Sanction, (iii) acting, directly or indirectly, for a senior foreign political figure, any member of a senior foreign political figure's immediate family or any close associate of a senior foreign political figure, unless the SPV, after being specifically notified by the Investor in writing that it is such a person, conducts further due diligence, and determines that such investment shall be permitted, or (iv) acting, directly or indirectly, for a foreign shell bank (such persons or entities in (i) - (iv) are collectively referred to as "Prohibited Persons"). The Investor represents and warrants that it is not, and is not acting directly or indirectly on behalf of, a Prohibited Person.

7.4. To the extent the Investor has any beneficial owners, (i) it has carried out thorough due diligence to establish the identities of such beneficial owners, (ii) based on such due diligence, the Investor reasonably believes that no such beneficial owners are Prohibited Persons, (iii) it holds the evidence of such identities and status and will maintain all such evidence for at least five years from the date of the liquidation or termination of the SPV, and (iv) it will make available such information and any additional information requested by the SPV that is required under applicable regulations.

7.5. The Investor acknowledges and agrees that the SPV or any Administrator may "freeze the account" of the Investor, including, but not limited to, by suspending distributions from the SPV to which the Investor would otherwise be entitled, if necessary to comply with anti-money laundering statutes or regulations.

7.6. The Investor acknowledges and agrees that the SPV and/or any Administrator, in complying with anti-money laundering statutes, regulations and goals, may file voluntarily and/or as required by law suspicious activity reports ("SARs") or any other information with governmental and law enforcement agencies that identify transactions and activities that the SPV or any Administrator or their agents reasonably determine to be suspicious, or is otherwise required by law. The Investor acknowledges that the LLC, the SPV, and any Administrator are prohibited by law from disclosing to third parties, including the Investor, any filing or the substance of any SARs.

7.7. The Investor agrees that, upon the request of the LLC, the SPV, or any Administrator, it will provide such information as the LLC, the SPV, or any Administrator requires to satisfy applicable anti-money laundering laws and regulations, including, without limitation, background documentation about the Investor

# 8. Regulatory Provisions

8.1. The Investor understands that no federal or state agency has passed upon the Interests or made any findings or determination as to the fairness of this investment.

8.2. The Investor certifies that the information contained in the executed copy of Form W-9 submitted to the SPV (if any) and/or the taxpayer identification provided to the SPV is correct. The Investor agrees to provide such other documentation as the SPV determines may be necessary for the SPV to fulfill any tax reporting and/or withholding requirements.

8.3. The Investor understands and agrees that the Company may cause the SPV to make an election under Section 754 of the Internal Revenue Code (the "Code") or an election to be treated as an "electing investment partnership" for purposes of Section 743 of the Code. If the SPV elects to be treated as an electing investment partnership, the Investor shall cooperate with the SPV to maintain that status and shall not take any action that would be inconsistent with such election. Upon request, the Investor shall provide the SPV with any information necessary to allow the SPV to comply with (a) its obligations to make tax basis adjustments under Section 734 or 743 of the Code and (b) its obligations as an electing investment partnership.

8.4. The Investor consents to receive any Schedule K-1 (Partner's Share of Income, Deductions, Credits, etc.) from the SPV electronically via email, the Internet and/or another electronic reporting medium in lieu of paper copies. The Investor agrees that it will confirm this consent electronically at a future date in a manner set forth by the Company at such time and as required by the electronic receipt consent rules set forth by the Internal Revenue Service. The Investor may request a paper copy of the Investor's Schedule K-1 by contacting Wefunder Inc. at support@wefunder.com or such other email address as specified on the wefunder.com platform. Requesting a paper copy will not constitute a withdrawal of the Investor's consent to receive reports or other communications, including Schedule K-1, electronically. The Investor may withdraw its consent for electronic delivery or change its contact preferences for such delivery at any time by writing to support@wefunder.com or such other email address as specified on the wefunder.com platform. Such withdrawal will take effect promptly after receipt, unless otherwise agreed upon. Upon receipt of a withdrawal request, the SPV will confirm the withdrawal and the date on which it takes effect in writing (either electronically or on paper). A withdrawal of consent does not apply to a statement that was furnished electronically before the date on which the withdrawal of consent takes effect. The SPV will cease providing information electronically upon termination of the SPV. Notwithstanding the Investor's consent to receive materials electronically, the Investor still may be required to print and attach its Schedule K-1 to a federal, state or local tax return.

# 9. Miscellaneous Provisions

# 9.1. Indemnification

9.1.1. The Investor agrees to indemnify and hold harmless the LLC, the SPV, any Administrator, any Lead Investor, or any partner, member, officer, employee, agent, affiliate or subsidiary of any of them, and each other person, if any, who controls, is controlled by, or is under common control with, any of the foregoing, within the meaning of Section 15 of the Securities Act, and their respective officers, directors, partners, members, shareholders, owners, employees and agents (collectively, the "Indemnified Parties") against any and all loss, liability, claim, damage and expense whatsoever (including all expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) arising out of or based upon (i) any false representation or warranty made by the Investor, or breach or failure by the Investor to comply with any covenant or agreement made by the Investor, in this Subscription Agreement or in any other document furnished by the Investor to any of the foregoing in connection with this transaction, or (ii) any action for securities law violations instituted by the Investor that is finally resolved by judgment against the Investor.

9.1.2. The Investor also agrees to indemnify each Indemnified Party for any and all costs, fees and expenses (including legal fees and disbursements) in connection with any damages resulting from the Investor's misrepresentation or misstatement contained herein, or the assertion of the Investor's lack of proper authorization from the beneficial owner to enter into this Subscription Agreement or perform the obligations hereof.

9.1.3. The Investor agrees to indemnify and hold harmless each Indemnified Party from and against any tax, interest, additions to tax, penalties, reasonable attorneys' and accountants' fees and disbursements, together with interest on the foregoing amounts at a rate determined by the SPV or any Administrator computed from the date of payment through the date of reimbursement, arising from the failure to withhold and pay over to the U.S. Internal Revenue Service or the taxing authority of any other jurisdiction any amounts computed, as required by applicable law, with respect to the income or gains allocated to or amounts distributed to the Investor with respect to its Interest during the period from the Investor's acquisition of the Interest until the Investor's transfer of the Interest in accordance with this Agreement, the LLC Agreement, and Regulation Crowdfunding.

9.1.4. If for any reason (other than the willful misfeasance or gross negligence of the entity that would otherwise be indemnified) the foregoing indemnification is unavailable to, or is insufficient to hold such Indemnified Party harmless, then the Investor shall contribute to the amount paid or payable by the Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the Investor on the one hand and the Indemnified Parties on the other but also the relative fault of the Investor and the Indemnified Parties, as well as any relevant equitable considerations.

9.1.5. The reimbursement, indemnity and contribution obligations of the Investor under this section shall be in addition to any liability that the Investor may otherwise have, and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Indemnified Parties.

9.2. Limitation of Liability. The LLC is a Delaware "multi-series" limited liability company. As a multi-series limited liability company, the LLC may operate multiple series with the benefit of segregation of assets and liabilities among each of its series pursuant to the Delaware Limited Liability Company Act, as amended (the "Delaware Act"). Accordingly, the Investor hereby agrees that the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a series (including the SPV) shall be enforceable against the assets of that series only and not against the LLC generally or the assets of any other series. In addition, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the LLC generally, or any particular series, shall be enforceable against the assets of any other series.

9.3. **Counsel** The Investor understands that Morrison & Foerster LLP serves as legal counsel on certain matters to Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC and Wefunder Advisors, LLC and not to the SPV or any Investor by virtue of its investment in the SPV, and that no independent counsel has been retained to represent the SPV or Investors in the SPV. The Investor also understands that Morrison & Foerster LLP has not independently verified any factual assertions made in the Company Information or on the Wefunder website and is not responsible for the SPV's compliance with its investment program or applicable law.

9.4. **Power of Attorney** The Investor hereby appoints each of the Company and Wefunder Admin, LLC as its true and lawful representative and attorney-in-fact, in its name, place and stead to make, execute, sign, acknowledge, swear to and file:

9.4.1. a Certificate of Formation of the LLC and any amendments required under the Delaware Act
9.4.2. the LLC Agreement and any duly adopted amendments;
9.4.3. any and all instruments, certificates and other documents that may be deemed necessary or desirable to effect the winding-up and termination of the LLC or the SPV (including a Certificate of Cancellation of the Certificate of Formation); and
9.4.4. any business certificate, fictitious name certificate, related amendment or other instrument or document of any kind necessary or desirable to accomplish the LLC's or the SPV's business, purpose and objectives or required by any applicable U.S., state, local or other law.

This power of attorney is coupled with an interest, is irrevocable, and shall survive and shall not be affected by the subsequent death, disability, incompetency, termination, bankruptcy, insolvency or dissolution of the Investor; provided, however, that this power of attorney will terminate upon the substitution of another SPV member for all of the Investor's investment in the LLC or the SPV or upon the liquidation or termination of the LLC or the SPV. The Investor hereby waives any and all defenses that may be available to contest, negate or disaffirm the actions of the LLC, the SPV, and any Administrator taken in good faith under this power of attorney.

# 9.5. Confidentiality

9.5.1. The Investor agrees that the Company Information and all financial statements (if any), tax reports (if any), portfolio valuations (if any), private placement memoranda (if any), reviews or analyses of potential or actual investments (if any), reports or other materials prepared or produced by the SPV and/or any Administrator and all other documents and information concerning the affairs of the SPV and/or the Fund's investments, including, without limitation, information about the Company, and/or the persons directly or indirectly investing in the SPV (collectively, the "Confidential Information") that the Investor may receive pursuant to or in accordance with the use of the Wefunder website, an investment in one or more SPVs, or otherwise as a result of its ownership of an Interest in the SPV, constitute proprietary and confidential information about the SPV, any Administrator, and/or any Lead Investor (the "Affected Parties").

9.5.2. The Investor acknowledges that the Affected Parties derive independent economic value from the Confidential Information not being generally known and that the Confidential Information is the subject of reasonable efforts to maintain its secrecy. The Investor further acknowledges that the Confidential Information is a trade secret, the disclosure of which is likely to cause substantial and irreparable competitive harm to the Affected Companies or their respective businesses. The Investor shall not reproduce any of the Confidential Information or portion thereof or make the contents thereof available to any third party other than a disclosure on a need-to-know basis to the Investor's legal, accounting or investment advisers, auditors and representatives (collectively, "Advisers"), except to the extent compelled to do so in accordance with applicable law (in which case the Investor shall promptly notify the SPV of the Investor's obligation to disclose any Confidential Information) or with respect to Confidential Information that otherwise becomes publicly available other than through breach of this provision by the Investor.

9.5.3. To the fullest extent permitted by law, the Investor agrees not to request disclosure or inspection of any such information after the Investor is notified (whether in response to the Investor's request for information or otherwise) that the SPV has determined not to disclose such information.

9.5.4. The Investor agrees that the LLC, the SPV, and the SPV service providers would be subject to potentially irreparable injury as a result of any breach by the Investor of the covenants and agreements set forth in this Item 9.5, and that monetary damages would not be sufficient to compensate or make whole the LLC, the SPV, and the SPV services providers for any such breach. Accordingly the Investor agrees that the LLC, the SPV, and the SPV service providers shall be entitled to equitable and injunctive relief, on an emergency, temporary, preliminary and/or permanent basis, to prevent any such breach or the continuation thereof.

9.6. Amendments. Neither this Subscription Agreement nor any term hereof may be supplemented, changed, waived, discharged or terminated except with the written consent of the Investor and the Company on behalf of the relevant SPV. For the sake of clarity, the restriction on the Company in the preceding sentence applies solely to the form of this Subscription Agreement applicable to SPVs that have had a closing, and does not prevent the Company from changing the form and content of this Subscription Agreement for use in offerings of SPVs that have not had a closing.

9.7. Assignability and Transferability. This Subscription Agreement is not transferable or assignable by the Investor without the prior written consent of the Company on behalf of the SPV, and any transfer or assignment in violation of this provision shall be null and void. The Interests in the SPV being acquired by Investor herein may only be transferred by Investor in compliance with Regulation Crowdfunding and the terms and conditions of this Agreement. If Investor seeks to transfer the Interests, Investor shall first give written notice to the Company and Wefunder Admin, LLC, including the number of Interests that Investor desires to transfer, the proposed price, the name and contact information of the proposed buyer, and any other information that the Company or Wefunder Admin, LLC may reasonably request. To the extent possible, such notice shall be provided through the Wefunder.com website. Any transfer of Interests shall be subject to execution by Investor and the proposed transferee of appropriate documentation, as may be required by the Company or Wefunder Admin, LLC, in their discretion. Investor further acknowledges that pursuant to the LLC Agreement, Wefunder Admin, LLC (as Series Manager of the SPV), may impose additional restrictions on or prohibit the Transfer of Interests for any reason or no reason, in its sole discretion.

9.8. **Repurchase.** In the event that the SPV or any Administrator determines that it is likely that within twelve (12) months the securities of the SPV or the Company will be held of record by a number of persons that would require the SPV or the Company to register a class of its equity securities under the Securities Exchange Act of 1934, as amended ('Exchange Act'), as required by Section 12(g) or 15(d) thereof, the SPV shall have the option to repurchase the Interests from each Investor to the extent necessary to avoid the requirement to register a class of its securities under the Exchange Act. Such repurchase of Interests shall be for the greater of (i) the purchase price of the Interests, or (ii) the fair market value of the Interests, as determined by an independent appraiser of securities chosen by the Administrator. Any such repurchase may only occur with the consent of Wefunder Admin, LLC, as Series Manager of the SPV.

9.9. **Governing Law.** Consent to Jurisdiction. Notwithstanding the place where this Subscription Agreement may be executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed under the laws of the State of Delaware. Any action or proceeding brought by the SPV or any SPV service provider against one or more investors in the SPV relating in any way to this Subscription Agreement or the LLC Agreement may, and any action or proceeding brought by any other party against the SPV or any SPV service provider relating in any way to this Subscription Agreement or the Company Information shall, be brought and enforced in the state courts of the State of Delaware located in Wilmington or (to the extent subject matter jurisdiction exists therefore) in the courts of the United States located in the District of Delaware; and the Investor and the SPV irrevocably submit to the jurisdiction of both such state and federal courts in respect of any such action or proceeding. The Investor and the SPV irrevocably waive, to the fullest extent permitted by law, any objection that they may now or hereafter have to laying the venue of any such action or proceeding in the courts of the State of Delaware located in Wilmington or in the courts of the United States located in the District of Delaware and any claim that any such action or proceeding brought in any such court has been brought in an inconvenient forum.

9.10. **Severability.** If any provision of this Subscription Agreement is invalid or unenforceable under any applicable law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such applicable law. Any provision hereof that may be held invalid or unenforceable under any applicable law shall not affect the validity or enforceability of any other provisions hereof, and to this extent the provisions hereof shall be severable.

9.11. **Headings.** The headings in this Subscription Agreement are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

9.12. **General.** This Subscription Agreement shall be binding upon the Investor and the legal representatives, successors and assigns of the Investor, shall survive the admission of the Investor as a member of a SPV, and shall, if the Investor consists of more than one person, be the joint and several obligation of all such persons.

*[Remainder of page intentionally left blank. Signature page follows.]*

The undersigned have executed this instrument as of the date first above written.

SPV

Raise Green I EB, as series of Wefunder SPV, LLC
By: Wefunder Admin, LLC, its Manager

By: Founder Signature

Date:

Name: Nicholas Tommarello

Title: Chief Executive Officer

Investor

[INVESTOR NAME]

By: Investor Signature

Date:

CONTACT INFORMATION:

Name: [INVESTOR NAME]

Mailing Address:

City:

Country:

E-mail:

# TERMS APPENDIX FOR THE PURCHASE OF Raise
Green, Inc. SECURITIES BY Raise Green I EB, A
SERIES OF WEFUNDER SPV, LLC, A DELAWARE
LIMITED LIABILITY COMPANY

**Type of Security:** Future Equity

**Terms** $8M valuation cap and 20% discount

To view a copy of the contract, please see **Appendix B, Investor Contracts** of
the Form C. The latest Form C or C/A filing be found here:
https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-
TYPE%3DC%2FA+or+FORM-
TYPE%3DC%29+and+CIK%3D0001747584&first=2016

**Attachment 5:** `document_5.pdf`

THIS INSTRUMENT AND ANY SECURITIES ISSUABLE PURSUANT HERETO HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED IN THIS SAFE AND UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM.

Raise Green, Inc.

# **SAFE**
(Simple Agreement for Future Equity)

THIS CERTIFIES THAT in exchange for the payment by [INVESTOR NAME] (the "Investor") of [INVESTMENT AMOUNT] (the "Purchase Amount") on or about [EFFECTIVE DATE], Raise Green, Inc., a Delaware corporation (the "Company"), hereby issues to the Investor the right to certain shares of the Company's capital stock, subject to the terms described below.

This Safe is one of the forms available at http://ycombinator.com/documents and the Company and the Investor agree that neither one has modified the form, except to fill in blanks and bracketed terms, and remove the requirement to be accredited investor.

The "Post-Money Valuation Cap" is $8,000,000

The "Discount Rate" is 90%

See Section 2 for certain additional defined terms.

# 1. Events

(a) Equity Financing. If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price.

In connection with the automatic conversion of this Safe into shares of Safe Preferred Stock, the Investor will execute and deliver to the Company all of the transaction documents related to the Equity Financing, provided, that such documents (i) are the same documents to be entered into with the purchasers of Standard Preferred Stock, with appropriate variations for the Safe Preferred Stock if applicable, and (ii) have customary exceptions to any drag-along applicable to the Investor, including (without limitation) limited representations, warranties, liability and indemnification obligations for the Investor.

(b) Liquidity Event. If there is a Liquidity Event before the termination of this Safe, this Safe will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds, due and payable to the Investor immediately prior to, or concurrent with, the consummation of such Liquidity Event, equal to the greater of (i) the Purchase Amount (the "Cash-Out Amount") or (ii) the amount payable on the number of shares of Common Stock equal to the Purchase Amount divided by the Liquidity Price (the "Conversion Amount"). If any of the Company's securityholders are given a choice as to the form and amount of Proceeds to be received in a Liquidity Event, the Investor will be given the same choice, provided that the Investor may not choose to receive a form of consideration that the Investor would be ineligible to receive as a result of the Investor's failure to satisfy any requirement or limitation generally applicable to the Company's securityholders, or under any applicable laws.

Notwithstanding the foregoing, in connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce the cash portion of Proceeds payable to the Investor by the amount determined by its board of directors in good faith for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, provided that such reduction (A) does not reduce the total Proceeds payable to such Investor and (B) is applied in the same manner and on a pro rata basis to all securityholders who have equal priority to the Investor under Section 1(d).

In connection with Section 1(b)(i), the Purchase Amount will be due and payable by the Company to the Investor immediately prior to, or concurrent with, the consummation of the Liquidity Event. If there are not enough funds to pay (i) holders of shares of any series of Preferred Stock issued before the date of this instrument ("Senior Preferred Holders") and (ii) the Investor and holders of other Safes (collectively, the "Cash-Out Investors") in full, then all of the Company's available funds will be distributed (i) first to the Senior Preferred Holders and (ii) second with equal priority and pro rata among the Cash-Out Investors in proportion to their Purchase Amounts, and the Cash-Out Investors will automatically receive the number of shares of Common Stock equal to the remaining unpaid Purchase Amount divided by the Liquidity Price. In connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce, pro rata, the Purchase Amounts payable to the Cash-Out Investors by the amount determined by the Board in good faith to be advisable for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, and in such case, the Cash-Out Investors will automatically receive the number of shares of Common Stock equal to the remaining unpaid Purchase Amount divided by the Liquidity Price.

(c) Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

(d) Liquidation Priority. In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Stock. The Investor's right to receive its Cash-Out Amount is:

(i) Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into Capital Stock);

(ii) On par with payments for other Safes and/or Preferred Stock, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes and/or Preferred Stock, the applicable Proceeds will be distributed pro rata to the Investor and such other Safes and/or Preferred Stock in proportion to the full payments that would otherwise be due; and

(iii) Senior to payments for Common Stock.

The Investor's right to receive its Conversion Amount is (A) on par with payments for Common Stock and other Safes and/or Preferred Stock who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Common Stock basis, and (B) junior to payments described in clauses (i) and (ii) above (in the latter case, to the extent such payments are Cash-Out Amounts or similar liquidation preferences).

(e) Termination. This Safe will automatically terminate (without relieving the Company of any obligations arising from a prior breach of or non-compliance with this Safe) immediately following the earliest to occur of: (i) the issuance of Capital Stock to the Investor pursuant to the automatic conversion of this Safe under Section 1(a); or (ii) the payment, or settling aside for payment, of amounts due the Investor pursuant to Section 1(b) or Section 1(c).

2. Definitions

"Change of Control" means (i) a transaction or series of related transactions in which any "person" or "group" (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), becomes the "beneficial owner" (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of more than 50% of the outstanding voting securities of the Company having the right to vote for the election of members of the Company's board of directors, (ii) any reorganization, merger or consolidation of the Company, other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related transactions retain, immediately after such transaction or series of related transactions, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity or (iii) a sale, lease or other disposition of all or substantially all of the assets of the Company.

"Company Capitalization" is calculated as of immediately prior to the Equity Financing and (without double-counting, in each case calculated on an as-converted to Common Stock basis):

- Includes all shares of Capital Stock issued and outstanding;
- Includes all Converting Securities;
- Includes all (i) issued and outstanding Options and (ii) Promised Options; and
- Includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing shall only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.

"Conversion Price" means either: (1) the Safe Price or (2) the Discount Price, whichever calculation results in a greater number of shares of Safe Preferred Stock.

"Converting Securities" includes this Safe and other convertible securities issued by the Company, including but not limited to: (i) other Safes; (ii) convertible promissory notes and other convertible debt instruments; and (iii) convertible securities that have the right to convert into shares of Capital Stock.

"Direct Listing" means the Company's initial listing of its Common Stock (other than shares of Common Stock not eligible for resale under Rule 144 under the Securities Act) on a national securities exchange by means of an effective registration statement on Form S-1 filed by the Company with the SEC that registers shares of existing capital stock of the Company for resale, as approved by the Company's board of directors. For the avoidance of doubt, a Direct Listing shall not be deemed to be an underwritten offering and shall not involve any underwriting services.

"Discount Price" means the price per shares of the Standard Preferred Stock sold in the Equity Financing multiplied by the Discount Rate.

"Dissolution Event" means (i) a voluntary termination of operations; (ii) a general assignment for the benefit of the Company's creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

"Dividend Amount" means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

"Equity Financing" means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed valuation, including but not limited to, a pre-money or post-money valuation.

"Initial Public Offering" means the closing of the Company's first firm commitment underwritten initial public offering of Common Stock pursuant to a registration statement filed under the Securities Act.

"Liquidity Capitalization" is calculated as of immediately prior to the Liquidity Event, and (without double-counting, in each case calculated on an as-converted to Common Stock basis):

- Includes all shares of Capital Stock issued and outstanding;
- Includes all (i) issued and outstanding Options and (ii) to the extent receiving Proceeds, Promised Options;
- Includes all Converting Securities, other than any Safes and other convertible securities (including without limitation shares of Preferred Stock) where the holders of such securities are receiving Cash-Out Amounts or similar liquidation preference payments in lieu of Conversion Amounts or similar "as-converted" payments; and
- Excludes the Unissued Option Pool.

"Liquidity Event" means a Change of Control or an Initial Public Offering.

"Liquidity Price" means the price per share equal to the Valuation Cap divided by the Liquidity Capitalization.

"Options" includes options, restricted stock awards or purchases, RSUs, SARs, warrants or similar securities, vested or unvested.

"Proceeds" means cash and other assets (including without limitation stock consideration) that are proceeds from the Liquidity Event or the Dissolution Event, as applicable, and legally available for distribution.

"Promised Options" means promised but ungranted Options that are the greater of those (i) promised

pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share's price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

'Safe' means an instrument containing a future right to shares of Capital Stock, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company's business operations. References to 'this Safe' mean this specific instrument.

'Safe Preferred Stock' means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

'Safe Price' means the price per share equal to the Post-Money Valuation Cap divided by the Company Capitalization.

'Standard Preferred Stock' means the shares of the series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.

'Unissued Option Pool' means all shares of Capital Stock that are reserved, available for future grant and not subject to any outstanding Options or Promised Options (but in the case of a Liquidity Event, only to the extent Proceeds are payable on such Promised Options) under any equity incentive or similar Company plan.

### 3. Company Representations

(a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its state of corporation (the 'Company'), hereby issues to the Investor the right to certain incorporation, and has the power and authority to own, lease and operate its properties and carry on its business as now conducted.

(b) The execution, delivery and performance by the Company of this Safe is within the power of the Company and has been duly authorized by all necessary actions on the part of the Company (subject to section 3(d)). This Safe constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity. To its knowledge, the Company is not in violation of (i) its current certificate of incorporation of bylaws, (ii) any material statute, rule or regulation applicable to the Company or (iii) any material debt or contract to which the Company is a party or by which it is bound, where, in each case, such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company.

(c) The performance and consummation of the transactions contemplated by this Safe do not and will not: (i) violate any material judgment, statute, rule or regulation applicable to the Company; (ii) result in the acceleration of any material debt or contract to which the Company is a party or by which it is bound; or (iii) result in the creation or imposition of any lien on any property, asset or revenue of the Company or the suspension, forfeiture, or nonrenewal of any material permit, license or authorization applicable to the Company, its business or operations.

(d) No consents or approvals are required in connection with the performance of this Safe, other than: (i) the Company's corporate approvals; (ii) any qualifications or filings under applicable securities laws; and (iii) necessary corporate approvals for the authorization of Capital Stock issuable pursuant to Section 1.

(e) To its knowledge, the Company owns or possesses (or can obtain on commercially reasonable terms) sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information, processes and other intellectual property rights necessary for its business as now conducted and as currently proposed to be conducted, without any conflict with, or infringement of the rights of, others.

### 4. Investor Representations

(a) The Investor has full legal capacity, power and authority to execute and deliver this Safe and to perform its obligations hereunder. This Safe constitutes valid and binding obligation of the Investor, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity.

(b) The Investor has been advised that this Safe and the underlying securities have not been registered under the Securities Act, or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available. The Investor is purchasing this Safe and the securities to be acquired by the Investor hereunder for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and the Investor has no present intention of selling, granting any participation in, or otherwise distributing the same. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment without impairing the Investor's financial condition and is able to bear the economic risk of such investment for an indefinite period of time.

### 5. Miscellaneous

(a) Any provision of this Safe may be amended, waived or modified by written consent of the Company and either (i) the Investor or (ii) the majority-in-interest of all then-outstanding Safes with the same 'Post-Money Valuation Cap' and 'Discount Rate' as this Safe (and Safes lacking one or both of such terms will be considered to be the same with respect to such term(s)), provided that with respect to clause (ii): (A) the Purchase Amount may not be amended, waived or modified in this manner; (B) the consent of the Investor and each holder of such Safes must be solicited (even if not obtained); and (C) such amendment, waiver or modification treats all such holders in the same manner. 'Majority-in-interest' refers to the holders of the applicable group of Safes whose Safes have a total Purchase Amount greater than 50% of the total Purchase Amount of all of such applicable group of Safes.

(b) Any notice required or permitted by this Safe will be deemed sufficient when delivered personally or by overnight courier or sent by email to the relevant address listed on their Wefunder account, or 48 hours after being deposited

in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party's address listed on their Wefunder account, as subsequently modified by written notice.

(c) The Investor is not entitled, as a holder of this Safe, to vote or be deemed a holder of Capital Stock for any purpose other than tax purposes, nor will anything in this Safe be construed to confer on the Investor, as such, any rights of a Company stockholder or rights to vote for the election of directors or on any matter submitted to Company stockholders, or to give or withhold consent to any corporate action or to receive notice of meetings, until shares have been issued on the terms described in Section 1. However, if the Company pays a dividend on outstanding shares of Common Stock (that is not payable in shares of Common Stock) while this Safe is outstanding, the Company will pay the Dividend Amount to the Investor at the same time.

(d) Neither this Safe nor the rights in this Safe are transferable or assignable, by operation of law or otherwise, by either party without the prior written consent of the other; provided, however, that this Safe and/or its rights may be assigned without the Company's consent by the Investor (i) to the Investor's estate, heirs, executors, administrators, guardians and/or successors in the event of Investor's death or disability, or (ii) to any other entity who directly or indirectly, controls, is controlled by or is under common control with the Investor, including, without limitation, any general partner, managing member, officer or director of the Investor, or any venture capital fund now or hereafter existing which is controlled by one or more general partners or managing members of, or shares the same management company with, the Investor; and provided, further, that the Company may assign this Safe in whole, without the consent of the Investor, in connection with a reincorporation to change the Company's domicile.

(e) In the event any one or more of the provisions of this Safe is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Safe operate or would prospectively operate to invalidate this Safe, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provision of this Safe and the remaining provisions of this Safe will remain operative and in full force and effect and will not be affected, prejudiced, or disturbed thereby.

(f) All rights and obligations hereunder will be governed by the laws of the State of Delaware, without regard to the conflicts of law provisions of such jurisdiction.

(g) The parties acknowledge and agree that for United States federal and state income tax purposes this Safe is, and at all times has been, intended to be characterized as stock, and more particularly as common stock for purposes of Sections 304, 305, 306, 354, 368, 1036 and 1202 of the Internal Revenue Code of 1986, as amended. Accordingly, the parties agree to treat this Safe consistent with the foregoing intent for all United States federal and state income tax purposes (including, without limitation, on their respective tax returns or other informational statements).

*(Signature page follows)*

IN WITNESS WHEREOF, the undersigned have caused this instrument to be duly executed and delivered.

**COMPANY:**

Raise Green, Inc.

By: *Founder Signature*

Name:

Title:

**INVESTOR:**

[INVESTOR NAME]

By: *Investor Signature*

Name: [INVESTOR NAME]

Title:

☐ Accredited Investor
☐ Unaccredited Investor

**Read and Approved (for IRA use only)**

By:

Name:

**Attachment 6:** `document_6.pdf`

THIS INSTRUMENT AND ANY SECURITIES ISSUABLE PURSUANT HERETO HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED IN THIS SAFE AND UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM.

Raise Green, Inc.

# **SAFE**
(Simple Agreement for Future Equity)

THIS CERTIFIES THAT in exchange for the payment by [INVESTOR NAME] (the "Investor") of [INVESTMENT AMOUNT] (the "Purchase Amount") on or about [EFFECTIVE DATE], Raise Green, Inc., a Delaware corporation (the "Company"), hereby issues to the Investor the right to certain shares of the Company's capital stock, subject to the terms described below.

This Safe is one of the forms available at http://ycombinator.com/documents and the Company and the Investor agree that neither one has modified the form, except to fill in blanks and bracketed terms, and remove the requirement to be accredited investor.

The "Post-Money Valuation Cap" is $8,000,000

The "Discount Rate" is 80%

See Section 2 for certain additional defined terms.

# 1. Events

(a) Equity Financing. If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price.

In connection with the automatic conversion of this Safe into shares of Safe Preferred Stock, the Investor will execute and deliver to the Company all of the transaction documents related to the Equity Financing, provided, that such documents (i) are the same documents to be entered into with the purchasers of Standard Preferred Stock, with appropriate variations for the Safe Preferred Stock if applicable, and (ii) have customary exceptions to any drag-along applicable to the Investor, including (without limitation) limited representations, warranties, liability and indemnification obligations for the Investor.

(b) Liquidity Event. If there is a Liquidity Event before the termination of this Safe, this Safe will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds, due and payable to the Investor immediately prior to, or concurrent with, the consummation of such Liquidity Event, equal to the greater of (i) the Purchase Amount (the "Cash-Out Amount") or (ii) the amount payable on the number of shares of Common Stock equal to the Purchase Amount divided by the Liquidity Price (the "Conversion Amount"). If any of the Company's securityholders are given a choice as to the form and amount of Proceeds to be received in a Liquidity Event, the Investor will be given the same choice, provided that the Investor may not choose to receive a form of consideration that the Investor would be ineligible to receive as a result of the Investor's failure to satisfy any requirement or limitation generally applicable to the Company's securityholders, or under any applicable laws.

Notwithstanding the foregoing, in connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce the cash portion of Proceeds payable to the Investor by the amount determined by its board of directors in good faith for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, provided that such reduction (A) does not reduce the total Proceeds payable to such Investor and (B) is applied in the same manner and on a pro rata basis to all securityholders who have equal priority to the Investor under Section 1(d).

In connection with Section 1(b)(i), the Purchase Amount will be due and payable by the Company to the Investor immediately prior to, or concurrent with, the consummation of the Liquidity Event. If there are not enough funds to pay (i) holders of shares of any series of Preferred Stock issued before the date of this instrument ("Senior Preferred Holders") and (ii) the Investor and holders of other Safes (collectively, the "Cash-Out Investors") in full, then all of the Company's available funds will be distributed (i) first to the Senior Preferred Holders and (ii) second with equal priority and pro rata among the Cash-Out Investors in proportion to their Purchase Amounts, and the Cash-Out Investors will automatically receive the number of shares of Common Stock equal to the remaining unpaid Purchase Amount divided by the Liquidity Price. In connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce, pro rata, the Purchase Amounts payable to the Cash-Out Investors by the amount determined by the Board in good faith to be advisable for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, and in such case, the Cash-Out Investors will automatically receive the number of shares of Common Stock equal to the remaining unpaid Purchase Amount divided by the Liquidity Price.

(c) Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

(d) Liquidation Priority. In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Stock. The Investor's right to receive its Cash-Out Amount is:

(i) Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into Capital Stock);

(ii) On par with payments for other Safes and/or Preferred Stock, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes and/or Preferred Stock, the applicable Proceeds will be distributed pro rata to the Investor and such other Safes and/or Preferred Stock in proportion to the full payments that would otherwise be due; and

(iii) Senior to payments for Common Stock.

The Investor's right to receive its Conversion Amount is (A) on par with payments for Common Stock and other Safes and/or Preferred Stock who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Common Stock basis, and (B) junior to payments described in clauses (i) and (ii) above (in the latter case, to the extent such payments are Cash-Out Amounts or similar liquidation preferences).

(e) Termination. This Safe will automatically terminate (without relieving the Company of any obligations arising from a prior breach of or non-compliance with this Safe) immediately following the earliest to occur of: (i) the issuance of Capital Stock to the Investor pursuant to the automatic conversion of this Safe under Section 1(a); or (ii) the payment, or settling aside for payment, of amounts due the Investor pursuant to Section 1(b) or Section 1(c).

2. Definitions

"Change of Control" means (i) a transaction or series of related transactions in which any "person" or "group" (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), becomes the "beneficial owner" (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of more than 50% of the outstanding voting securities of the Company having the right to vote for the election of members of the Company's board of directors, (ii) any reorganization, merger or consolidation of the Company, other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related transactions retain, immediately after such transaction or series of related transactions, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity or (iii) a sale, lease or other disposition of all or substantially all of the assets of the Company.

"Company Capitalization" is calculated as of immediately prior to the Equity Financing and (without double-counting, in each case calculated on an as-converted to Common Stock basis):

- Includes all shares of Capital Stock issued and outstanding;
- Includes all Converting Securities;
- Includes all (i) issued and outstanding Options and (ii) Promised Options; and
- Includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing shall only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.

"Conversion Price" means either: (1) the Safe Price or (2) the Discount Price, whichever calculation results in a greater number of shares of Safe Preferred Stock.

"Converting Securities" includes this Safe and other convertible securities issued by the Company, including but not limited to: (i) other Safes; (ii) convertible promissory notes and other convertible debt instruments; and (iii) convertible securities that have the right to convert into shares of Capital Stock.

"Direct Listing" means the Company's initial listing of its Common Stock (other than shares of Common Stock not eligible for resale under Rule 144 under the Securities Act) on a national securities exchange by means of an effective registration statement on Form S-1 filed by the Company with the SEC that registers shares of existing capital stock of the Company for resale, as approved by the Company's board of directors. For the avoidance of doubt, a Direct Listing shall not be deemed to be an underwritten offering and shall not involve any underwriting services.

"Discount Price" means the price per shares of the Standard Preferred Stock sold in the Equity Financing multiplied by the Discount Rate.

"Dissolution Event" means (i) a voluntary termination of operations; (ii) a general assignment for the benefit of the Company's creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

"Dividend Amount" means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

"Equity Financing" means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed valuation, including but not limited to, a pre-money or post-money valuation.

"Initial Public Offering" means the closing of the Company's first firm commitment underwritten initial public offering of Common Stock pursuant to a registration statement filed under the Securities Act.

"Liquidity Capitalization" is calculated as of immediately prior to the Liquidity Event, and (without double-counting, in each case calculated on an as-converted to Common Stock basis):

- Includes all shares of Capital Stock issued and outstanding;
- Includes all (i) issued and outstanding Options and (ii) to the extent receiving Proceeds, Promised Options;
- Includes all Converting Securities, other than any Safes and other convertible securities (including without limitation shares of Preferred Stock) where the holders of such securities are receiving Cash-Out Amounts or similar liquidation preference payments in lieu of Conversion Amounts or similar "as-converted" payments; and
- Excludes the Unissued Option Pool.

"Liquidity Event" means a Change of Control or an Initial Public Offering.

"Liquidity Price" means the price per share equal to the Valuation Cap divided by the Liquidity Capitalization.

"Options" includes options, restricted stock awards or purchases, RSUs, SARs, warrants or similar securities, vested or unvested.

"Proceeds" means cash and other assets (including without limitation stock consideration) that are proceeds from the Liquidity Event or the Dissolution Event, as applicable, and legally available for distribution.

"Promised Options" means promised but ungranted Options that are the greater of those (i) promised

pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Share's price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.

'Safe' means an instrument containing a future right to shares of Capital Stock, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company's business operations. References to 'this Safe' mean this specific instrument.

'Safe Preferred Stock' means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

'Safe Price' means the price per share equal to the Post-Money Valuation Cap divided by the Company Capitalization.

'Standard Preferred Stock' means the shares of the series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.

'Unissued Option Pool' means all shares of Capital Stock that are reserved, available for future grant and not subject to any outstanding Options or Promised Options (but in the case of a Liquidity Event, only to the extent Proceeds are payable on such Promised Options) under any equity incentive or similar Company plan.

### 3. Company Representations

(a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its state of corporation (the 'Company'), hereby issues to the Investor the right to certain incorporation, and has the power and authority to own, lease and operate its properties and carry on its business as now conducted.

(b) The execution, delivery and performance by the Company of this Safe is within the power of the Company and has been duly authorized by all necessary actions on the part of the Company (subject to section 3(d)). This Safe constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity. To its knowledge, the Company is not in violation of (i) its current certificate of incorporation of bylaws, (ii) any material statute, rule or regulation applicable to the Company or (iii) any material debt or contract to which the Company is a party or by which it is bound, where, in each case, such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company.

(c) The performance and consummation of the transactions contemplated by this Safe do not and will not: (i) violate any material judgment, statute, rule or regulation applicable to the Company; (ii) result in the acceleration of any material debt or contract to which the Company is a party or by which it is bound; or (iii) result in the creation or imposition of any lien on any property, asset or revenue of the Company or the suspension, forfeiture, or nonrenewal of any material permit, license or authorization applicable to the Company, its business or operations.

(d) No consents or approvals are required in connection with the performance of this Safe, other than: (i) the Company's corporate approvals; (ii) any qualifications or filings under applicable securities laws; and (iii) necessary corporate approvals for the authorization of Capital Stock issuable pursuant to Section 1.

(e) To its knowledge, the Company owns or possesses (or can obtain on commercially reasonable terms) sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information, processes and other intellectual property rights necessary for its business as now conducted and as currently proposed to be conducted, without any conflict with, or infringement of the rights of, others.

### 4. Investor Representations

(a) The Investor has full legal capacity, power and authority to execute and deliver this Safe and to perform its obligations hereunder. This Safe constitutes valid and binding obligation of the Investor, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity.

(b) The Investor has been advised that this Safe and the underlying securities have not been registered under the Securities Act, or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available. The Investor is purchasing this Safe and the securities to be acquired by the Investor hereunder for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and the Investor has no present intention of selling, granting any participation in, or otherwise distributing the same. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment without impairing the Investor's financial condition and is able to bear the economic risk of such investment for an indefinite period of time.

### 5. Miscellaneous

(a) Any provision of this Safe may be amended, waived or modified by written consent of the Company and either (i) the Investor or (ii) the majority-in-interest of all then-outstanding Safes with the same 'Post-Money Valuation Cap' and 'Discount Rate' as this Safe (and Safes lacking one or both of such terms will be considered to be the same with respect to such term(s)), provided that with respect to clause (ii): (A) the Purchase Amount may not be amended, waived or modified in this manner; (B) the consent of the Investor and each holder of such Safes must be solicited (even if not obtained); and (C) such amendment, waiver or modification treats all such holders in the same manner. 'Majority-in-interest' refers to the holders of the applicable group of Safes whose Safes have a total Purchase Amount greater than 50% of the total Purchase Amount of all of such applicable group of Safes.

(b) Any notice required or permitted by this Safe will be deemed sufficient when delivered personally or by overnight courier or sent by email to the relevant address listed on their Wefunder account, or 48 hours after being deposited

in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party's address listed on their Wefunder account, as subsequently modified by written notice.

(c) The Investor is not entitled, as a holder of this Safe, to vote or be deemed a holder of Capital Stock for any purpose other than tax purposes, nor will anything in this Safe be construed to confer on the Investor, as such, any rights of a Company stockholder or rights to vote for the election of directors or on any matter submitted to Company stockholders, or to give or withhold consent to any corporate action or to receive notice of meetings, until shares have been issued on the terms described in Section 1. However, if the Company pays a dividend on outstanding shares of Common Stock (that is not payable in shares of Common Stock) while this Safe is outstanding, the Company will pay the Dividend Amount to the Investor at the same time.

(d) Neither this Safe nor the rights in this Safe are transferable or assignable, by operation of law or otherwise, by either party without the prior written consent of the other; provided, however, that this Safe and/or its rights may be assigned without the Company's consent by the Investor (i) to the Investor's estate, heirs, executors, administrators, guardians and/or successors in the event of Investor's death or disability, or (ii) to any other entity who directly or indirectly, controls, is controlled by or is under common control with the Investor, including, without limitation, any general partner, managing member, officer or director of the Investor, or any venture capital fund now or hereafter existing which is controlled by one or more general partners or managing members of, or shares the same management company with, the Investor; and provided, further, that the Company may assign this Safe in whole, without the consent of the Investor, in connection with a reincorporation to change the Company's domicile.

(e) In the event any one or more of the provisions of this Safe is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Safe operate or would prospectively operate to invalidate this Safe, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provision of this Safe and the remaining provisions of this Safe will remain operative and in full force and effect and will not be affected, prejudiced, or disturbed thereby.

(f) All rights and obligations hereunder will be governed by the laws of the State of Delaware, without regard to the conflicts of law provisions of such jurisdiction.

(g) The parties acknowledge and agree that for United States federal and state income tax purposes this Safe is, and at all times has been, intended to be characterized as stock, and more particularly as common stock for purposes of Sections 304, 305, 306, 354, 368, 1036 and 1202 of the Internal Revenue Code of 1986, as amended. Accordingly, the parties agree to treat this Safe consistent with the foregoing intent for all United States federal and state income tax purposes (including, without limitation, on their respective tax returns or other informational statements).

*(Signature page follows)*

IN WITNESS WHEREOF, the undersigned have caused this instrument to be duly executed and delivered.

**COMPANY:**

Raise Green, Inc.

By: *Founder Signature*

Name:

Title:

**INVESTOR:**

[INVESTOR NAME]

By: *Investor Signature*

Name: [INVESTOR NAME]

Title:

☐ Accredited Investor
☐ Unaccredited Investor

**Read and Approved (for IRA use only)**

By:

Name:

**Attachment 7:** `document_7.pdf`

![img-0.jpeg](img-0.jpeg)

# Raise Green

RAISE GREEN, INC.
A Delaware Corporation

Financial Statements and
Independent Accountants' Review Report

December 31, 2021 and 2020

# **RAISE GREEN, INC.**

For the years ended December 31, 2020 and December 31, 2021

# Table of Contents

Independent Accountants' Review Report ... 1

# **Financial Statements**

Balance Sheets (unaudited) ... 2

Statements of Operations (unaudited) ... 3

Statements of Stockholders' Equity (Deficit) (unaudited) ... 4

Statements of Cash Flows (unaudited) ... 5

Notes to the Financial Statements (unaudited) ... 6-11

F&A

# INDEPENDENT ACCOUNTANTS' REVIEW REPORT

![img-1.jpeg](img-1.jpeg)

To the Board of Directors and Management of Raise Green, Inc.
Somerville, MA

We have reviewed the accompanying financial statements of Raise Green, Inc. ("the Company") (a Delaware corporation), which comprise the balance sheets as of December 31, 2021 and 2020, and the related statements of operations, changes in stockholders' equity (deficit), and cash flows for each of the years in the two-year period ended December 31, 2021, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

# Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error.

# Substantial Doubt About the Company's Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has losses since inception, relies on outside sources of funding for working capital, and has negative cash from operations. The Company has disclosed that substantial doubt exists about the Company's ability to continue as a going concern. Management's evaluation of the events and conditions and management's plans regarding these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our conclusion is not modified with respect to this matter.

# Accountants' Responsibility

Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion.

We are required to be independent of Raise Green, Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our review.

# Accountants' Conclusion

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America.

Spokane, Washington
February 2, 2023

Members of:
WSCPA
AICPA
PCPS

802 North Washington
PO Box 2163
Spokane, Washington
99210-2163

P 509-624-9223
TF 1-877-264-0485
mail@fruci.com
www.fruci.com

# RAISE GREEN, INC.  
BALANCE SHEETS

As of December 31, 2021 and 2020 (unaudited)

|  | Assets |  |
| --- | --- | --- |
|  | 2021 | 2020 |
| Current assets |  |  |
| Cash and cash equivalents | $209,396 | $5,195 |
| Prepaid expenses | 11,135 | - |
| Total current assets | 220,531 | 5,195 |
| Equity securities | 3,200 | - |
| Notes receivable | 14,700 | - |
| Property and equipment, net | 3,067 | 1,266 |
| Total assets | $241,498 | $6,461 |
| Liabilities and Stockholders' Equity (Deficit) |  |  |
| Current liabilities |  |  |
| Accounts payable | $44,882 | $ - |
| Accrued expenses | 272,505 | 138,933 |
| SAFEs, current | 20,000 | - |
| Notes payable, current | 600,000 | 1,113 |
| Total current liabilities | 937,387 | 140,046 |
| SAFEs, noncurrent | 690,000 | 325,000 |
| Notes payable, noncurrent | 50,000 | 50,000 |
| Total liabilities | 1,677,387 | 515,046 |
| Stockholders' equity (deficit) |  |  |
| Common stock ($0.00001 par value); |  |  |
| 15,000,000 shares authorized; 9,199,000 shares issued and outstanding | 92 | 92 |
| Additional paid-in capital | 24,585 | 24,585 |
| Retained earnings | (1,460,566) | (533,262) |
| Total stockholders' equity (deficit) | (1,435,889) | (508,585) |
| Total liabilities and stockholders' equity (deficit) | $241,498 | $6,461 |

See independent accountants' review report and accompanying notes to the financial statements.

- 2 -

# **RAISE GREEN, INC.**  
 **STATEMENTS OF OPERATIONS**

For the years ended December 31, 2021 and 2020 (unaudited)

|  | 2021 | 2020 |
| --- | --- | --- |
| Crowdfunding revenue | $109,478 | $9,550 |
| Consulting revenue | 154,352 | 4,000 |
| Total revenue | 263,830 | 13,550 |
| Operating expenses |  |  |
| Wages and payroll costs | 838,498 | 253,058 |
| General and administrative | 235,786 | 119,948 |
| Professional fees | 74,673 | 128,120 |
| Advertising and marketing | 23,799 | 605 |
| Travel | 19,589 | 118 |
| Rent and facilities | 9,040 | 38,428 |
| Depreciation | 811 | 316 |
| Total operating expenses | 1,202,196 | 540,593 |
| Operating loss | (938,366) | (527,043) |
| Other income (expenses) |  |  |
| Interest expense | (20,021) | (5,339) |
| Other income and expenses | 31,083 | 25,828 |
| Net income (loss) before income taxes | (927,304) | (506,554) |
| Provision for income taxes | - | - |
| Net loss | $(927,304) | $(506,554) |

See independent accountants' review report and accompanying notes to the financial statements.

- 3 -

# RAISE GREEN, INC.  
 STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)

For the years ended December 31, 2021 and 2020 (unaudited)

|  | Common Stock (15 million shares authorized); $.00001 par |  | Additional Paid-In Capital | Accumulated Deficit | Total |
| --- | --- | --- | --- | --- | --- |
|  | Shares | Amount |  |  |  |
| Balance, December 31, 2019 | 8,000,000 | $80 | $24,585 | $(26,708) | $(2,043) |
| Shares issued for cash | 1,199,000 | 12 | - | - | 12 |
| Net income (loss) | - | - | - | (506,554) | (506,554) |
| Balance, December 31, 2020 | 9,199,000 | $92 | $24,585 | $(533,262) | $(508,585) |
| Net income (loss) | - | - | - | (927,304) | (927,304) |
| Balance, December 31, 2021 | 9,199,000 | $92 | $24,585 | $(1,460,566) | $(1,435,889) |

See independent accountants' review report and accompanying notes to the financial statements.

- 4 -

# **RAISE GREEN, INC.**  
 **STATEMENTS OF CASH FLOWS**

For the years ended December 31, 2021 and 2020 (unaudited)

|  | 2021 | 2020 |
| --- | --- | --- |
| Cash flows from operating activities |  |  |
| Net income (loss) | $(927,304) | $(506,554) |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |
| Depreciation | 811 | 316 |
| Securities received in lieu of cash | (17,900) | - |
| Gain on debt forgiveness | (27,988) | - |
| (increase) decrease in operating assets: |  |  |
| Prepaid expenses | (11,135) | - |
| Increase (decrease) in operating liabilities: |  |  |
| Accounts payable and accrued expenses | 178,454 | 136,513 |
| Net cash used by operating activities | (805,062) | (369,725) |
| Cash flows from investing activities |  |  |
| Purchase of property and equipment | (2,612) | (1,582) |
| Net cash used in investing activities | (2,612) | (1,582) |
| Cash flows from financing activities |  |  |
| Proceeds from notes payable | 626,875 | 51,113 |
| Proceeds from the sale of common stock | - | 12 |
| Proceeds from the issuance of SAFEs | 385,000 | 175,000 |
| Net cash provided by financing activities | 1,011,875 | 226,125 |
| Net increase (decrease) in cash and cash equivalents | 204,201 | (145,182) |
| Cash and cash equivalents at beginning of year | 5,195 | 150,377 |
| Cash and cash equivalents at end of year | $209,396 | $5,195 |
| Supplemental Disclosure |  |  |
| Interest paid | $ - | $ - |
| Taxes paid | $ - | $ - |

See independent accountants' review report and accompanying notes to the financial statements.

- 5 -

# **RAISE GREEN, INC.**  
**NOTES TO THE FINANCIAL STATEMENTS**

For the years ended December 31, 2021 and 2020 (unaudited)

# **Note 1 - Nature of Business and Summary of Significant Accounting Policies -**

This summary of significant accounting policies of Raise Green, Inc. (“the Company”) is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management who is responsible for their integrity and objectivity.

# Business activities

Raise Green, Inc. was incorporated on March 29, 2018 under the laws of the State of Delaware, and is headquartered in Somerville, MA. The Company is a funding portal registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) that has developed and operates a technology platform to allow private companies to raise capital online, primarily focused on green energy and climate-friendly businesses.

# Basis of presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are normal and recurring in nature. The Company’s fiscal year end is December 31.

# Estimates

Management uses estimates and assumptions in preparing the financial statements. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses and disclosure of contingent assets and liabilities. Any estimates made by management have been done in conformity with generally accepted accounting principles. Actual results could differ from those estimates.

# Cash and cash equivalents

For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts that may, at times, exceed federal insured limits. No losses have been recognized as a result of these excess amounts.

# Property and equipment

Property and equipment are recorded at cost, less accumulated depreciation. Items with a useful life over one year are capitalized. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets which is generally five years for all assets.

# Advertising costs

The Company expenses advertising costs as incurred. Advertising costs were $23,799 and $605 for the period ended December 31, 2021 and 2020, respectively.

# Software Development

The Company capitalizes all direct costs related to internally developed software. Once the software is ready to be implemented, the Company will begin amortizing it over its estimated useful life. During the period ended December 31, 2021, the Company capitalized and subsequently impaired $120,000 of software costs due to a contract dispute of non-performance and lack of timely deliverables, which are presented in General and Administrative expenses on the Company’s income statement.

# Shipping and handling costs

Shipping and handling costs are expensed as incurred.

- 6 -

# **RAISE GREEN, INC.**
**NOTES TO THE FINANCIAL STATEMENTS**

For the years ended December 31, 2021 and 2020 (unaudited)

# Revenue recognition

The Company recognizes revenue under ASC 606 *Revenue from Contracts with Customers*. The Company's revenue recognition policy standards include the following elements:

I. Identify the contract with a customer
II. Identify the performance obligations in the contract
III. Determine the transaction price
IV. Allocate the transaction price to the performance obligations in the contract
V. Recognize revenue when (or as) the entity satisfies a performance obligation.

Revenue is recognized upon the transfer of control of promised goods or services to customers. For consulting and professional services, the transaction price is allocated to each distinct performance obligation based on consideration expected to be received upon satisfaction of the performance obligations, which is generally recognized as services rendered by Company personnel on a monthly basis. Other listing fees and fees associated with the fundraising activities of the Company's issuers are recognized when the funding rounds have been closed and proceeds have been distributed to the issuers, which is primarily 7% of the total raise. In some cases, the Company may also collect anywhere between 1.5% to 9% of the total raise, and may collect anywhere between 0% to 9% of the total shares issued by its customers under a successful funding round, depending on the terms negotiated between the Company and its customers. When agreements involve multiple distinct performance obligations, expected consideration is allocated to the performance obligations based on standalone selling prices of each performance obligation.

# Investments

All investments in equity securities are initially measured at cost. Cost is based upon either the cost of the investment, the fair value of the services provided or the estimated market value of the investment at the time it was acquired, whichever can be more clearly determined. If the Company identifies an observable price change in an orderly market transaction for an identical or similar investment of the same issuer, the Company measures the equity security at fair value as of the date that the observable transaction occurred. During the year ended December 31, 2021, the Company recognized an aggregate $3,200 in additional revenue related to the acquisition of equity securities of its issuers, based on the public listing price of orderly transactions on the Company's platform.

# Receivables

The Company has been issued notes receivable (including debt securities) as additional consideration for services provided to its issuers, which the Company plans to hold until maturity. These instruments are recognized at amortized cost, with the initial recognition being the face value of the instrument received. During the year ended December 31, 2021, the Company was issued one instrument with a face value of $4,800 at a 4.25% interest rate, maturing in May 2026 and one instrument with a face value of $9,900 at a 5.5% interest rate, maturing in May 2033. The instruments are unsecured and the expected incoming cash flows can not reliably be estimated, thus amounts are held at face value and periodically evaluated for impairment.

# Fair value measurements

Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement determined based on assumptions that market participants would use in pricing and asset or liability. There are three levels that prioritize the inputs used in measuring fair value as follows:

- Level 1: Observable market inputs, such as quoted prices (unadjusted) in active markets for identically assets or liabilities;
- Level 2: Observable market inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
- Level 3: Unobservable inputs where there is little or no market data, which require the reporting entity to develop its own assumptions.

- 7 -

# **RAISE GREEN, INC.**  
 **NOTES TO THE FINANCIAL STATEMENTS**

For the years ended December 31, 2021 and 2020 (unaudited)

All financial instruments on the balance sheets approximate their fair value.

# Recent Accounting Pronouncements

No recently issued accounting pronouncements are expected to have a significant impact on the Company’s financial statements.

# **Note 2 - Going Concern**

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business.

The Company has incurred losses from inception, relies on outside sources for operating capital, and has negative operating cash flows, which, among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management’s plans to raise additional capital from the issuance of debt or the sale of equity, its ability to profitably operate its funding portal, and its ability to generate positive operational cash flow.

Based on its recent history and its liquidity issues that it is not probable that management’s plan will sufficiently alleviate or mitigate, to a sufficient level, the relevant conditions or events noted above. Accordingly, the management of the Company has concluded that there is substantial doubt about the Company’s ability to continue as a going concern within one year after the issuance date of these financial statements.

There can be no assurance that the Company will be able to achieve or maintain cash-flow-positive operating results. If the Company is unable to generate adequate funds from operations or raise sufficient additional funds, the Company may not be able to repay its debt obligations, continue to develop its product, respond to competitive pressures, or fund its operations. The financial statements do not include any adjustments that might result from this uncertainty.

# **Note 3 - Property and Equipment**

Property and equipment consist of the following on December 31:

|  | 2021 | 2020 |
| --- | --- | --- |
| Furniture and equipment | $4,194 | $1,582 |
| Less: Accumulated depreciation | (1,127) | (316) |
| Property and equipment, net | $3,067 | $1,266 |

Depreciation expense for the years ended December 31, 2021 and 2020 was $811 and $316, respectively.

- 8 -

# **RAISE GREEN, INC.**  
 **NOTES TO THE FINANCIAL STATEMENTS**

For the years ended December 31, 2021 and 2020 (unaudited)

# **Note 4 - Notes Payable**

Notes payable consisted of the following as of December 31:

|  | 2021 | 2020 |
| --- | --- | --- |
| Note payable to a related party (founder) with an interest rate of 1.93% per annum. Note is unsecured and the maturity date is December 31, 2025. | $50,000 | $50,000 |
| Notes payable to three separate individuals with an interest rate of 5% per annum on each note. Notes mature in March 2023. Notes automatically convert into equity at an 80% discount rate upon a qualified financing of $2,500,000 or upon maturity. | 500,000 | - |
| Notes payable to an individual with an interest rate of 5% per annum on each note. Note matures in May 2023. Note automatically converts into equity at an 80% discount rate upon a qualified financing of $250,000 or upon maturity. | 100,000 | - |
| Paycheck Protection Program loan with a 1% interest rate, maturing on February 1, 2026. Loan was both entered into and forgiven during the year ended December 31, 2021 at the amount of $26,875. | - | - |
| Total notes payable | 650,000 | 50,000 |
| Current portion of notes payable | (50,000) | - |
| Total notes payable, net of current portion | $600,000 | $50,000 |

Future minimum payments for each of years ended December 31 are as follows:

| 2022 | $20,000 |
| --- | --- |
| 2023 | 600,000 |
| 2024 | - |
| 2025 | 50,000 |
| 2026 | - |
| Thereafter | 690,000 |
|  | $1,360,000 |

- 9 -

# **RAISE GREEN, INC.**  
**NOTES TO THE FINANCIAL STATEMENTS**

For the years ended December 31, 2021 and 2020 (unaudited)

# **SAFE notes**

Between October 2019 and April 2021, the company entered into a convertible equity agreement with investors, for total proceeds of $20,000, and simple agreements for future equity ('SAFE securities') with investors for total proceeds of $690,000, including $100,000 of which were issued to the familial members of Company's CEO and $100,000 of which were issued to the familial members of the Company's COO at the time. The SAFE securities do not bear interest and have no maturity date.

The SAFE Agreements entitle the holder to convert the SAFE agreements into the Company's preferred stock (this classification of stock has not yet been authorized or established). The terms provide for automatic conversion of the SAFE agreements' purchase amounts into the Company's preferred stock if and upon a qualified equity financing event, which is generally defined as a transaction or series of transactions involving the issuance of the Company's preferred stock at a fixed pre-money valuation. The number of shares of preferred stock the SAFE agreement converts into is the Purchase Amount divided by the price per share determined by either: a) an $15,000,000 or $8,000,000 (dependent upon issuance date) pre-money valuation on the Company's then outstanding capitalization (as further defined in the agreements), or b) a number of shares of preferred stock equal to the purchase price divided by the price per share equal to the valuation cap at an 80% discount, as defined per the agreement, divided by the sum of all shares issued and outstanding or reserved and available for future grant immediately prior to the financing event. The convertible equity agreement issued in the amount of $20,000 has a qualified financing threshold of $250,000, contingent upon the sale of any equity securities and entitles the holder to 6% of the fully-diluted capitalization of the Company at the time the qualified financing takes place.

The Company has classified the majority of these SAFE notes as a noncurrent liability as the qualified financing event is not expected to be completed within 12 months. The $20,000 SAFE agreement with the $250,000 qualified financing threshold identified above is classified as current, as the Company is expected to complete an equity raise in excess of $250,000 within twelve months.

# **Note 5 - Equity**

At inception, the Company had authorized 5,000 shares at $.001 par and issued 8,000,000 shares to its founding officers (1,000 pre-split). During the year ended December 31, 2020, the Company filed an amendment to its articles of incorporation to increase the authorized shares to 15,000,000 at $.00001 par, along with effecting an 8,000-for-1 stock split. All per-share amounts referenced in these financial statements have been retrospectively stated to account for the reverse split.

During the year ended December 31, 2020, the Company sold an aggregate 1,199,000 shares to three individuals (one of which is an officer of the Company) at par value, resulting in gross proceeds of $12. Upon separation or termination by the holders, the Company has a repurchase option for all issued shares that have not yet been released from restriction at the lower of the purchase price or the current fair value of such shares. The shares are ratably released from repurchase restriction over a period between 24-months to 48-months.

The Company has also reserved an additional 801,000 shares of common stock under its 2020 Equity Incentive Plan for future issuance of restricted shares or options.

# **Note 6 - Income Taxes**

The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon its evaluation of the facts, circumstances, and information available at the reporting date. In accordance with ASC 740-10, for those tax positions where there is a greater than 50% likelihood that a tax benefit will be sustained, the Company's policy is to record the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit will be recognized in the financial statements. The Company has determined that there are no material uncertain tax positions, except as noted below.

- 10 -

# **RAISE GREEN, INC.**  
**NOTES TO THE FINANCIAL STATEMENTS**

For the years ended December 31, 2021 and 2020 (unaudited)

There is potential that future net operating losses may not be able to be recognized due to change in ownership of a loss corporation. The tax return and deferred tax asset did not reflect the potential impact of ownership changes. A determination of the testing dates, percentage ownership increases, and Section 382 limitation (if any) will be made when the NOL is utilized. The Company accounts for income taxes based on the provisions promulgated by the Internal Revenue Service (“IRS”), which has a statute of limitation of three years from the due date of the return. As such, all tax years since inception are open for inspection.

The Company currently has tax net operating losses of approximately $1.326 million and $515,000 as of December 31, 2021 and 2020, respectively, for which it may receive future tax benefits, resulting in estimated deferred tax assets of $278,000 and $108,000. However, as of December 31, 2021, no such benefit is expected to be recognized in the near term, and therefore, a full valuation allowance has been assessed on any potential income tax benefit, based on the federal corporate tax rate of 21%, resulting in net deferred tax assets of $nil as of December 31, 2021 and 2020.

# **Note 7 - Risks, Uncertainties, and Commitments**

The Company’s business and operations are sensitive to general business and economic conditions in the United States. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse conditions may include recession, downturn or otherwise, local competition or changes in consumer taste. These adverse conditions could affect the Company’s financial condition and the results of its operations.

In December 2020, a novel strain of coronavirus (COVID-19) was reported in Wuhan, China and has spread throughout the United States and the rest of the world. The World Health Organization has declared the outbreak to constitute a “Public Health Emergency of International Concern.” This contagious disease outbreak, which has not been contained, and is disrupting supply chains and affecting production and sales across a range of industries in United States and other companies as a result of quarantines, facility closures, and travel and logistics restrictions in connection with the outbreak, as well as the worldwide adverse effect to workforces, economies, and financial markets, leading to a global economic downturn. As a result, the Company experienced a negative impact to its operating results. Regarding future operations, the related financial impact and duration cannot be reasonably estimated at this time.

As discussed further in Note 4, the Company has an outstanding SAFE agreement that entitles the holder to a 6% fully-diluted equity position upon a qualified financing event in excess of $250,000. As of the date of these financial statements, the likelihood of occurrence for meeting this contingency is unknown, therefore no additional liability has been recognized.

# **Note 8 - Subsequent Events**

The Company has evaluated events that have occurred through February 2, 2023, the date these financial statements were available to be issued, and have identified the following events for disclosure:

Since January 1, 2022 the Company issued twelve additional SAFEs, resulting in gross proceeds to the Company in the amount of $1,289,372.

During 2022, the Company issued an aggregate 309,090 options to eleven of its employees under the 2020 Equity Incentive Plan. Pursuant to the most recently completed 409a valuation, these options have an exercise price of $.19 per share. During 2022, the Company’s two founders cancelled and returned an aggregate one million (1,000,000) previously issued and outstanding shares back to the treasury, which are now available to be issued under the 2020 Equity Incentive Plan.

During 2023, the Company intends to offer securities in a securities offering expected to be exempt from registration under Regulation CF. The offering campaign will be made through a registered funding portal and FINRA member.

- 11 -

**Attachment 8:** `document_8.pdf`

![img-0.jpeg](img-0.jpeg)

## Alison Silverstein - 2nd

Fractional CXO/Board Advisor & Director - Early Stage: Fundraising| Strategic Growth| Operational Efficiency | Fintech | ESO

Washington, District of Columbia, United States - Contact info

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Experienced executive with a 25+ year history of leading growing companies. Strong entrepreneurship and business background. Particular strengths include building best practice systems, optimizing operational efficiencies, creating and fostering a positive organizational culture, and developing creative solutions to achieve strategic objectives.

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Invest in Climate | Raise Green

raisegreen.com - 1 min read

Show all activity →

### Experience

#### Member

CEOX - Contract

Jan 2022 - Present - 8 mos

Washington, District of Columbia, United States - Remote

CEOX is a community of high-level leaders capable of transforming growing companies as CEOs, C-Suite executives, and board members. CEOX places women in positions of leadership and our emp ...see more

#### Interim CEO

CodeTogether - Contract

Nov 2022 - Present - 3 mos

Hired to super-charge the scope and scale of this first-to-market solution delivering measurable efficiency and visibility for software development teams. By shining a light into the black box ...see more

Skills: Scale - Growth Strategies - Strategic Planning - Operational Efficiency

#### Advisory Board Chair and COO

Raise Green - Part-time

Aug 2022 - Present - 6 mos

Raise Green is an extraordinary platform that simplifies the complex process of financing climate solutions (like #solar, #energy efficiency, and #climate tech companies), and makes it possible ...see more

#### Chief Executive Officer

Kelfund (acquired) - Full-time

Mar 2020 - Mar 2022 - 2 yrs 1 mo

#### Owner

Zawazone, LLC

Mar 2016 - Jan 2022 - 5 yrs 11 mos

Rockville, Maryland

Show all 10 experiences →

### Education

#### New York University

BA, Sociology and Anthropology

1991 - 1995

harvard westlake

Highschool
1987 - 1990

Holton Arms

## Skills

### Litigation Support

- Endorsed by David Hyre and 21 others who are highly skilled at this
- Endorsed by 6 colleagues at McDermott Will & Emery
- 57 endorsements

### Litigation

- Endorsed by Kenneth J. Sargey and 3 others who are highly skilled at this
- Endorsed by 3 colleagues at McDermott Will & Emery
- 34 endorsements

### Document Review

- Endorsed by Bill Schiefelbein and 9 others who are highly skilled at this
- Endorsed by 2 colleagues at McDermott Will & Emery
- 27 endorsements

Show all 31 skills →

## Recommendations

Received Given

Marco Nasca 3rd

Sr. Executive at Lineal Services | Bridge Builder Between Legal, Technology, People, and Process for +20 years
July 18, 2007, Marco worked with Alison but on different teams

The first word that comes to mind when I think of Alison's work ethic is "terracious." Her work ethic and desire to meet and exceed her client's expectations is legendary. She has an encyclopedic knowledge of the industry, and can relay this knowledge in an easy to understand manner.

## Interests

Companies Groups Schools

The National Association for Family
Child Care (NAFCC)

1,018 followers

+ Follow

S-3 Group

993 followers

+ Follow

Show all 29 companies →

**Attachment 9:** `document_9.pdf`

![img-0.jpeg](img-0.jpeg)

## Andrew Rapkin - 2nd

Angel Investor, Entrepreneur In Residence at IESE Business School

Guilford, Connecticut, United States - Contact info

500+ connections

Remedies LLC

The Wharton School

Connect

Message

More

### About

Seasoned Entrepreneur with deep experience in International Sourcing, Manufacturing, Supply Chain Management, Quality, Engineering. Served on both sides of the Private Equity fence as both investor and recipient.

Specialties: Low Cost Sourcing, Venture Capital, Manufacturing, Environmental Compliance and Sustainability

### Activity

1,097 followers

Andrew Rapkin commented on a post - 1w

Fantastic Manci !

CGI 56

21 comments

Andrew Rapkin commented on a post - 1mo

Congrats Ranjit !

CEO 125

20 comments

Andrew Rapkin commented on a post - 1mo

Congrats Gabriel !

CEO 147

58 comments

Show all activity →

### Experience

#### President

Remedies LLC

2014 - Present - 9 yrs 1 mo
Guilford, CT USA

Opportunistic venture investment vehicle funding seed and early stage ventures in: Conventional and Advanced Manufacturing, eLearning, Biotech, SaaS and other emerging opportunities

#### Entrepreneur In Residence

IESE Business School

Sep 2019 - Present - 3 yrs 5 mos
Barcelona, Catalonia, Spain

Mentor and Advisor to startups as part of the Barcelona Technology Transfer Group (BTTG)

#### Founder

Component Sourcing Intl. LLC

Aug 2003 - Present - 19 yrs 6 mos
Greater New York City Area

Component Sourcing International, LLC (CSI) is a Strategic SourcingTM company which manufactures custom metal components in a variety of product categories including: 1) Precision screw mix ...see more

#### Vice President - Board Of Directors

The Foote School - Full-time

May 2021 - Present - 1 yr 9 mos
New Haven, Connecticut, United States

#### Investor

Upflex - Full-time

Mar 2022 - Present - 11 mos
New York, New York, United States

Show all 35 experiences →

### Education

#### The Wharton School

MBA, Finance and Entrepreneurial Management
1995 - 1997

#### Tufts University

B.S., Biology, Environmental Policy
Sep 1996 - May 1990

#### Universidad de Sevilla

Semester Abroad
1989 - 1989

Show all 4 education →

## Licenses & certifications

**Diploma de Español DELE B2**
Instituto Cervantes
Issued Oct 2021

**ISO 9001 Auditor**
SAI Global Assurance
Issued Sep 2008
Credential ID 87939

## Skills

### Strategy

- Endorsed by Jason Scharfspitz who is highly skilled at this
- 21 endorsements

### Strategic Planning

- 18 endorsements

### Business Strategy

- Endorsed by 2 colleagues at Component Sounding International
- 16 endorsements

Show all 19 skills →

## Recommendations

**Received** Given

### Nothing to see for now

Recommendations that Andrew receives will appear here.

## Languages

### English

Native or bilingual proficiency

### Spanish

Professional working proficiency

## Interests

Top Voices

Companies

Groups

Schools

**Chip Bergh** 3rd
President and CEO, Levi Strauss & Co
201,623 followers

+ Follow

**Simon Sinek** 3rd
Optimist and Author at Simon Sinek Inc.
6,183,010 followers

+ Follow

Show all 6 Top Voices →

**Attachment 10:** `document_10.pdf`

![img-0.jpeg](img-0.jpeg)

## Franz Hochstrasser - 2nd

Chief Executive Officer and Co-Founder

Talks about #org, #climatetech, #climatechange, #climatessolutions, and #sustainablefinance

Washington, District of Columbia, United States - Contact info

https://www.raisegreen.com/

5,821 followers - 500+ connections

12 mutual connections: Jeff Dion, Tzeki Freedman, and 10 others

+ Follow

Message

More

Raise Green
Yale University

People who follow Franz also follow

See all

Matt Myers
Climate Warrior (Hope Dealer)
All Things CTC
9,375 followers

Follow

Cody Simms
Partner at MCJ Collective
1,059 followers

Follow

Jessica
Global
Leader -
4,083 followers

## Highlights

Raise Green Investor Day - January 24, 12pm ET
Franz is speaking at this event

## Featured

Post

The US Department of Energy invited me to speak today on...

![img-1.jpeg](img-1.jpeg)

2023 National Community
Solar Partnership Annual...
energy.gov - 2 min read

49 - 9 comments

Post

The Raise Green community is growing quickly, with our latest...

![img-2.jpeg](img-2.jpeg)

Raise Green Investor Day -
January 24, 12pm ET

21

Post

Happy New Year! Glad to see
that real disposable income is...

![img-3.jpeg](img-3.jpeg)

22 - 2 comments

## Activity

5,821 followers

Franz Hochstrasser posted this - 4d

The US Department of Energy invited me to speak today on Access to Capital to Accelerate Equitable Deployment at the National Community Solar Summit!
...show more

2023 National Community Solar Partnership Annual Summit
energy.gov - 2 min read

43

9 comments

Franz Hochstrasser repeated this - 1w

It's happening!

Secretary Granholm joins MSNBC's Chris Hayes

27

3 comments

Franz Hochstrasser repeated this - 1w

The Raise Green community is growing quickly, with our latest raise filling 4x faster than we've ever seen before!
...show more

Live tomorrow - 9:00 AM

Raise Green Investor Day - January 24, 12pm ET

21

Franz Hochstrasser repeated this - 1w

Y'all, the climate crisis is not going to solve itself, especially when our carbon pollution is still going UP by 1.3% last year. Don't take my word for it, the folks at Rhodium Group are the best in the business at origin! ...show more

Extreme weather caused 18 disasters in US last year, costing $165bn
theguardian.com - 4 min read

20

2 comments

Show all activity →

## About

Sustainable finance for inclusive growth.

Crowdfunding affordable clean energy for low-income residents.

...see more

## Experience

### CEO and Co-Founder

Raise Green - Full-time

Apr 2018 - Present - 6 yrs 10 mos

Washington, District of Columbia, United States

Raise Green: A marketplace for local impact investing. We sell securities for clean energy and climate solution projects that provide essential services to communities.

...see more

www.raisegreen.com

Raise Green: A marketplace for local impact investments: Start your own sustainable side hustle by creating and/or financing a local solar project.

### Lecturer

Yale School of the Environment - Part-time

Feb 2022 - Present - 1 yr

New Haven, Connecticut, United States

Teaching a course called Financing Decarbonization

### CEO and Co-Founder

New Haven Community Solar, LLC

Jul 2018 - Present - 4 yrs 7 mos

New Haven, Connecticut

### Teaching Fellow

Yale School of Management

Jan 2019 - Jun 2019 - 6 mos

New Haven, CT

### Research Associate

Yale University

Jan 2017 - Jun 2019 - 2 yrs 6 mos

New Haven, Connecticut

Yale Program on Climate Change Communications

### Theme

Public opinion polls on climate change knowledge, attitudes, policies, and behavior.

Show all 22 experiences →

## Education

### Yale University

Master's degree, Environmental Management, Sustainable Finance, Climate Change & Energy, Business

& Entrepreneurship

2016 - 2018

### University of California, Santa Cruz

B.A, B.A, Politics; Linguistics; German language proficiency

2003 - 2007

## Skills

### Policy Analysis

Endorsed by Ashley N. P. Allen and 13 others who are highly skilled at this

Endorsed by 6 colleagues at U.S. Department of State

83 endorsements

### Politics

Endorsed by Todd Williamson and 2 others who are highly skilled at this

Endorsed by 2 colleagues at U.S. Department of State

60 endorsements

### Public Policy

Endorsed by Yoshimebat A. and 6 others who are highly skilled at this

Endorsed by 2 colleagues at U.S. Department of State

49 endorsements

Show all 49 skills →

## Recommendations

Received Given

### Nothing to see for now

Recommendations that Franz receives will appear here.

## Honors & awards

### IDC Future of Digital Innovation Award - Finance and Insurance

Issued by International Data Corporation - Jun 2021

Associated with Raise Green

Raise Green has been named a winner in the inaugural IDC Future of Digital Innovation Awards, designed to highlight successful Digital Innovation projects and initiatives. Raise Green was named a winner in the ...see more

### Re-SET Social Impact Accelerator Venture Showcase

Issued by Re-SET Social Enterprise Trust - Jun 2019

Associated with Raise Green

First prize, and Audience choice award

### CTNext Entrepreneurship Innovation Award

Issued by CTNext - Jan 2019

Associated with Raise Green

Show all 6 honors & awards →

## Interests

Top Voices Companies Groups Schools

**Gabriela Lozano-Corona** - 2nd  
Sustainability, business development, social entrepreneurship, impact investment, #sustainabledevelopment  
#impactmeasurement  
31,184 followers

+ Follow

**Jason Calacanis** - 2nd  
jason@calacanis.com - Entrepreneur, Angel Investor, Author  
653,732 followers

+ Follow

Show all 13 Top Voices →

**Attachment 11:** `document_11.pdf`

![img-0.jpeg](img-0.jpeg)

## Jackie Logan - 2nd

CoFounder and Chief Investment Officer at Raise Green

New York, New York, United States - Contact info

500+ connections

6 mutual connections: Jonny Price, - Stephanie Grippe, and 4 others

Connect

Message

More

Raise Green

The Wharton School

## About

Leadership in Sales, Financial Products & Risk Management

Significant Background in New Business Initiatives / Deals / Sales & Marketing (launching products)

Expertise includes institutional

& Private Wealth Investors / Asset Managers

Strong Interest in ESG / Impact Investing - FSA Level I Candidate

Full-Lifecycle Project Management

PASSION:

"The power of capital to enable achievement of the UN Sustainable Development Goals"

Compliance

& Risk Management

"Working with the Business

to Get Business Done in a Compliant Manner" (most enjoy)

Key Team Player | New Business Initiatives & New Products

ADDITIONAL

HIGHLIGHTS

Citibank | VP - Marketing

(Promoted from AVP)

American Express | Assistant Product Manager - Marketing

(Travel Related Services, Gold & Green Card Divisions)

The Wharton School | MBA - Finance (with Honors)

Williams College | BA - Chemistry

FINRA Series 7, 9, 10

COMMUNITY

INVOLVEMENT

The Riverside Hawks (NYC) | Strategy & Education Consultant - serving At-risk Youth in NYC

Focus: Education / Finances / Fundraising & Annual Gala

## Activity

1,818 followers

Jackie Logan repeated this - 3d

Yes! And much more to do!

10

1 comment

Jackie Logan commented on a post - 3d

Yes! And much more to do!

11

2 comments - 9 reports

Jackie Logan repeated this - 1w

Sharing with you all -- a company that is capturing polluting emissions from vessels docked in ports which has secured their first contract.

6

Show all activity →

## Experience

CoFounder and Chief Investment Officer

Raise Green - Full-time

2019 - Present - 4 yrs 2 mos

New York, New York, United States

Raise Green is the climate investment platform that brings together people building clean energy projects and climate solutions across the US looking to raise capital to our marketplace that ...see more

### VP | Private Wealth Management Compliance - Market Solutions Group

Goldman Sachs
2010 - 2019 - 9 yrs
Greater New York City Area

Real-time Advisory Compliance Coverage to
Fixed Income Risk Business & Fixed Income Trading

...see more

### Manager | Marketing & Product Development Strategy

International Asset Transactions, LLC
2000 - 2001 - 1 yr
Greater New York City Area

Key Member of Internet-based Trading Platform
(small Start-up specializing in illiquid assets)

...see more

### VP | Fixed Income Sales

J.P. Morgan
1988 - 1999 - 11 yrs

Coverage for Institutional Clients, including
Mutual Funds / Insurance Companies / Corp. Pension Funds / Gov't Agencies / Hedge Funds ...see more

## Education

**The Wharton School**
NBA, Finance - Graduated with Honors

**Williams College**
BA, Chemistry

**Stuyvesant High School**
HS Diploma, General Studies

## Skills

### Equities

Endorsed by 2 colleagues at Goldman Sachs
5 endorsements

### Fixed Income

Endorsed by 2 colleagues at Goldman Sachs
5 endorsements

### Capital Markets

4 endorsements

Show all 5 skills →

## Organizations

**The Riverside Hawks | nonprofit serving At-risk Youth in NYC**
Consultant for Executive Director - Jan 2005 - Jan 2010

Focus: Education / Finances / Fundraising & Annual Gala

## Interests

Top Voices Companies Groups Schools

**Larry Fink**
Chairman and CEO at BlackRock
$29,517 followers

+ Follow

**Nicholas Thompson** : 3rd
CEO at The Atlantic
1,688,897 followers

+ Follow

Show all 10 Top Voices →

**Attachment 12:** `document_12.pdf`

Raise Green

# Raise Green
Company Profile.

Registered with the SEC and
Member of FINRA since 2019.

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

## Foreword

# Meaningful change in the face of the climate crisis means reducing emissions across all industries.

Everyday people don't have many ways to take meaningful action on climate change - using tote bags and metal straws only goes so far. Raise Green exists to pair impact investors like you with impactful climate companies and clean energy projects in need of funding.

Energy and transportation are the two most emissions-intensive sectors (IEA) and we'll need to drastically reduce their carbon pollution in order to curb the amount of warming and intensification and frequency of severe weather events we're already seeing across the planet. The impacts and consequences of climate change only become more significant as time goes on, which makes it all that much more critical to get meaningful solutions implemented quickly.

While there has been a mounting groundswell of climate policy recently with the passage of landmark climate legislation, we are still falling short of hitting climate targets to avoid dangerous levels of planetary warming. We believe the best way to create transformative change is to put the power in the hands of everyday people concerned about what's transpiring in front of them.

Raise Green exists to be one of those levers of power, allowing the average person to own the clean energy revolution and help companies with climate solutions scale.

## Climate change is the battle of a generation.

If we give you a direct way to take climate action, will you join the rising tide in the fight against it?

# Our Founding Story.

Chief Executive Officer

Matt Moroney Co-Founder

## Direct ways to take climate action

Like many entrepreneurs before us, our early business plans had a lot of twists and turns. For Raise Green, those twists and turns were quite literal since our first business involved making air pollution sensors that live-tweeted from the handlebars of bikes.

Our earliest turn came in a press interview after winning a Climate Change Solutions grant from Yale. We were in the middle of sharing how our mobile air sensor business raised public awareness about the challenges of public health and climate change when we realized we were focused on the wrong half of the problem.

Most people know that polluted air and greenhouse gasses are disrupting our planet. Air pollution is actually even more deadly than the current pandemic in many ways, killing an estimated 8.8 million people annually around the world (Huzar, 2020). That's fix the monthly death rate of COVID-19, which killed nearly 100,000 Americans in its current deadliest month (Moser, 2021).

All of these problems disproportionately impact the poorest and most vulnerable. And while we may not see the same response to climate change as we're seeing for COVID-19, we now know that systemic and individual behavioral changes can happen very quickly. We also know that the more long-standing crisis of climate change is disrupting lives and livelihoods, already displacing close to 70 million people (Podesta, 2019).

As a community, many of us see these statistics and want to take action. We may protest, sign petitions and march in the streets, but it often feels like our efforts stop short of solving the problem. We need something to do after the march that affects meaningful change.

It was this realization that led us to the first big evolution of Raise Green. After that interview, we decided to grow Raise Green from a company that helped highlight the interrelated social injustices, climate and public health crisis we are facing, to a company that solved the other half of the problem - providing nearly everyone with direct ways to take climate action and potentially earn an investment return while they do it.

## So, what does direct climate action look like?

First, we need to rebuild clean energy and low-carbon climate-resilient infrastructure and move to 100% clean energy, no small task. We need affordable and reliable clean energy powering every block. In our view, we also need regular people literally buying into and benefiting from that infrastructure as a solution to interrelated challenges of wealth inequality, environmental injustices and historical pollution burden. There needs to be at least $4.3 trillion (yes, trillion) in global investment each year between now and 2050 into clean energy and climate solutions (Climate Policy Initiative, 2022) to avoid the worst impacts of climate change, but we're falling far short. Raise Green helps narrow the gap by connecting investors of all sizes with organizations seeking funding to scale climate solutions.

Community leaders taking direct action should be involved in order to ensure that we don't just transition to a healthy and sustainable future, but that we have a just transition that we all own and benefit from. If we want to do something truly meaningful to counteract global problems that impact us every day on the local scale, we need a lot more finance flowing to the technologies that need to be deployed to keep us safe and healthy, and we need a lot more local leaders taking responsibility to create, finance, build and run those projects.

![img-3.jpeg](img-3.jpeg)

## 1 Reduce Barriers and Complexity

We provide communities and entrepreneurs with the tools they need to create, finance, build and run their clean energy projects or climate solution companies.

We believe Raise Green can empower individuals and communities to rapidly shift to clean power in 2 key ways:

## 2 Enable Community Buy-in & Investment

We give almost everyone the ability to invest directly in a climate action project with the potential to earn a return a financial return on their investment

People want the ability to take real action, but they need support, they need funding, and crucially, they need to feel empowered to know that if they act they will have their friends, families, and neighbors to stand with them. In these days of uncertainty surrounding the global pandemic, climate crisis, war and economic turmoil, community resiliency and natural security in the face of immediate and long-standing crises is even more pressing, and we're all stuck wondering how we can be the force of change we so desperately need to see.

Impact Investor Network

# Our Platform.

We connect passionate individuals with dedicated leaders so they can invest in projects down the street and across the country.

Climate Companies

![img-4.jpeg](img-4.jpeg)

$6M
Total Amount
Raised Since
2020

24
Securities
Offerings

As of January 2023

“

At its core, Raise Green is a two-sided marketplace that provides people who want to build clean energy or climate solutions with the tools they need to do that and to get it financed.

Franz Hochstrasser
Chief Executive Officer

”

## About Raise Green

Closing the Loop in Climate Financing

Founded in 2018, Raise Green is the first Reg CF marketplace in the U.S. for local and inclusive impact investment with demonstrable social and environmental benefits.

We are a crowdinvesting portal for climate companies and community-driven clean energy projects. We empower individuals with the tools they need to create the climate solutions they want to see, and we make climate investing opportunities available to nearly everyone. By creating new investment pathways open to just about everyone, we democratize the ownership and benefits of clean energy and climate-resilient infrastructure.

# Our Vision.

Raise Green's Vision 2025

We aim to be the go-to marketplace empowering the transition to clean energy, connecting the average person with investment opportunities to create transformative change.

![img-5.jpeg](img-5.jpeg)

## Our Mission

- To accelerate the transition from dirty to clean energy and democratize investing in the climate sector
- To allow nearly everyone to own the transition to a more just and equitable future of energy and environment with an investment of as little as $100.

## Core Values

### Action

We're tired of waiting for delayed climate action from slow corporate and government promises.

### Accessibility

We help nearly everyone use the power of their capital to create direct change towards a healthy, just, and sustainable world.

### Authenticity

No greenwashing here - we pre-screen companies listed on the Raise Green platform to bring you clean energy and climate solution companies with demonstrable impact.

# Exclusive Investments.

With a range of risk & return profiles, our marketplace is driving innovative financing for tangible, near-term climate solutions, and expanding sustainable investing to reach millions of Americans. Join us as a leader in inclusive, regenerative finance for the planet.

![img-6.jpeg](img-6.jpeg)

Visit our marketplace at invest.raisegreen.com to learn more about the type of securities.

Registered with the SEC and Member of FINRA since 2019.

# Commit Easy.

We make the process of investing in climate companies easy, for as little as $100

![img-7.jpeg](img-7.jpeg)

©2019 Finra Asset Management Group 2022

# Growing Investor Presence.

since 2020

![img-8.jpeg](img-8.jpeg)

**~3,000**

Investor Accounts

**$4,250**

Average Investments

**20,000**

Members

As of January 2023

# Investor's Story

**Anna Smukowski**
Investor of the Month

“Investing in the Connecticut Green Bank Green Liberty Note aligns with my professional and personal goals to bring values-aligned investing to scale. Supporting retail investing products with low minimums is important to me as a way to ensure those who may bear the brunt of climate impacts have an opportunity to invest in solutions that directly impact their communities.

Raise Green allows me to create economic opportunities, revitalize communities, and drive solutions to climate justice.”

# Be Part of the Solution.

Companies come to Raise Green to connect with you, the climate impact investor.

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

![img-10.jpeg](img-10.jpeg)

![img-11.jpeg](img-11.jpeg)

![img-12.jpeg](img-12.jpeg)

![img-13.jpeg](img-13.jpeg)

![img-14.jpeg](img-14.jpeg)

![img-15.jpeg](img-15.jpeg)

![img-16.jpeg](img-16.jpeg)

![img-17.jpeg](img-17.jpeg)

![img-18.jpeg](img-18.jpeg)

Examples of climate companies and clean energy projects that have listed on Raise Green as of January 2023

![img-19.jpeg](img-19.jpeg)

Clean Energy

![img-20.jpeg](img-20.jpeg)

BLOC POWER

"I couldn't finance solar projects in low-income communities as lenders didn't see these buildings as creditworthy.

It's really powerful to be able to tap into crowdfunding to have the community be the heroes to get these projects implemented and developed and get their money back to reinvest in the next project."

Donnel Baired
CEO of BlocPower

# Climate Impact Note

Blocpower raised debt for energy efficiency projects with a focus on Low-moderate Income (LMI) communities at different lifecycle stages across the U.S

456

Total Investors

$2.8M

Capital Raised

Across 3 Offerings

CONNECTICUT GREEN BANK

Climate Finance

"Today we want to provide you with even more access to invest in our green economy, by investing in Green Liberty Notes."

Bryan Garcia
CEO of CGB

Green Liberty Notes

Connecticut Green Bank listed the first-ever Green Bond-verified offering with Reg CF in the US, to fund small businesses energy efficiency measures and reduce their energy costs.

427
Total Investors

$1.05M
Capital Raised

Across 5 Offerings, 5th Offering in
process of closing as of Jan 31, 2023

![img-21.jpeg](img-21.jpeg)

![img-22.jpeg](img-22.jpeg)

# Our Team.

Our team members are like you - climate-concerned and impatient with the pace of action. They bring decades of experience in finance, clean energy, policy and tech to implement and scale climate solutions as rapidly as possible.

Join our movement to be the driving force of change.

![img-23.jpeg](img-23.jpeg)

![img-24.jpeg](img-24.jpeg)

Franz Hochstrasser
CEO & Co-Founder

Jackie Logan
CIO & Co-Founder

![img-25.jpeg](img-25.jpeg)

![img-26.jpeg](img-26.jpeg)

![img-27.jpeg](img-27.jpeg)

Alison Silverstein
COO

Kate Gunning
Acting CMO

Scott Gigante
Chief Technical
Advisor

# Disclosure.

This presentation is a provided for discussion purposes only, does not constitute investment research or advice and is not a solicitation for any investment. Raise Green does not provide financial, tax, accounting or legal advice. Investors should seek their own financial, tax, accounting or legal advice.

Raise Green is a Funding Portal registered with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) under Section 4(a)(6) of the United States Securities Act, SEC File No.: 7-191. A funding portal is a financial intermediary that can facilitate the issuance of debt and equity under Regulation CF. Raise Green is not endorsed by the SEC or FINRA and is not a municipal advisor.

Any investment returns discussed is not a guarantee of actual investment returns. Offerings provided in this presentation are meant for examples only and not an implied recommendation. Past performance is not indicative of future results, which will vary.

Raise Green does not guarantee the adequacy, accuracy or completeness of information in this presentation. Neither Raise Green nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on our site or use of information on our site,

Certain information included may have been from third party sources. Although these sources are believed to be reliable, we do not guarantee their accuracy, completeness or fairness. We have relied upon and assumed without independent verification the accuracy and completeness. This document is not meant to be a full discussion of the risks and benefits of investing through Raise Green. Investments in startups and early-stage ventures are speculative, and these enterprises can fail. You should only invest an amount of money that you can afford to lose without changing your way of life. Prior to investing, please review all documentation associated with the specific investment.

This document is for the sole use of the intended party. Information is as of the date of this presentation.

Copyright Raise Green 2023

Raise Green

investors@raisegreen.com
444 Somerville Ave, Somerville, MA 02143
https://www.raisegreen.com/

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Raise Green, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** DE

**Date of Organization:** 03-29-2018

**Physical Address:** 444 SOMERVILLE AVE, SOMERVILLE, MA, 02143

**Issuer Website:** www.raisegreen.com

**Is there a Co-Issuer?:** Yes

**Intermediary Name:** Wefunder Portal LLC

**Intermediary CIK:** 0001670254

**Intermediary File Number:** 007-00033

**Intermediary CRD Number:** 283503

### Offering Information

**Compensation to Intermediary:** 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

**Financial Interest in Issuer:** No

**Type of Security Offered:** Other

**Other Description of Security:** Simple Agreement for Future Equity (SAFE)

**Number of Securities Offered:** 100000

**Price per Security:** $1.00

**Method for Determining Price:** Pro-rated portion of the total principal value of $100,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

**Target Offering Amount:** $100,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

**Description of Oversubscription:** As determined by the issuer

**Maximum Offering Amount:** $500,000.00

**Deadline to Reach Target Amount:** 04-30-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 8

**Total Assets (Most Recent Fiscal Year):** $241,498.00

**Total Assets (Prior Fiscal Year):** $6,461.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $209,396.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $5,195.00

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $937,387.00

**Short-Term Debt (Prior Fiscal Year):** $140,046.00

**Long-Term Debt (Most Recent Fiscal Year):** $740,000.00

**Long-Term Debt (Prior Fiscal Year):** $375,000.00

**Revenues/Sales (Most Recent Fiscal Year):** $263,830.00

**Revenues/Sales (Prior Fiscal Year):** $13,550.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $0.00

**Cost of Goods Sold (Prior Fiscal Year):** $0.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $-927,304.00

**Net Income (Prior Fiscal Year):** $-506,554.00

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING, B5, GU, PR, VI, 1V

### Signatures

**Issuer:** Raise Green, Inc.

**Signature:** Franz Hochstrasser

**Title:** CEO and Co-Founder

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**Signature:** Andrew Rapkin

**Title:** Director

**Date:** 02-08-2023

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**Signature:** Franz Hochstrasser

**Title:** CEO and Co-Founder

**Date:** 02-07-2023

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**Signature:** Franz Hochstrasser

**Title:** CEO and Co-Founder

**Date:** 02-07-2023