# EDGAR Filing Document

**Accession Number:** 0001964105
**File Stem:** 0001670254-23-000124
**Filing Date:** 2023-2
**Character Count:** 350599
**Document Hash:** 381ef0b48cdc87b40582c89a9534b746
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000124.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001670254-23-000124

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Beyond Imagination, Inc.
- **CENTRAL INDEX KEY:** 0001964105
- **IRS NUMBER:** 824297571

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31811
- **FILM NUMBER:** 23636980

**BUSINESS ADDRESS:**
- **STREET 1:** 201 N. HOLLYWOOD WAY STE 204
- **CITY:** BURBANK
- **STATE:** CA
- **ZIP:** 91505
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 201 N. HOLLYWOOD WAY STE 204
- **CITY:** BURBANK
- **STATE:** CA
- **ZIP:** 91505

## Ex-99

### Attached PDF Documents

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

# Form C

## Cover Page

Name of issuer:

Beyond Imagination, Inc.

Legal status of issuer:

Form: Corporation

Jurisdiction of Incorporation/Organization: DE

Date of organization: 10/2/2017

Physical address of issuer:

201 N. Hollywood Way Ste 204
Burbank CA 91505

Website of issuer:

http://www.beomni.ai

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:

5.5% 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:

50,000

Price:

$1.00000

Method for determining price:

Pro-rated portion of the total principal value of $50,000; 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:

$50,000.00

Oversubscriptions accepted:

☐ No

If yes, disclose how oversubscriptions will be allocated:

☐ First-come, first-served basis

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

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

$1,235,000.00

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: | $4,074,383.00 | $3,818,070.00 |
| Cash & Cash Equivalents: | $528,130.00 | $1,302,778.00 |
| Accounts Receivable: | $0.00 | $0.00 |
| Short-term Debt: | $250,057.00 | $317,998.00 |
| Long-term Debt: | $624,980.00 | $0.00 |
| Revenues/Sales: | $0.00 | $0.00 |
| Cost of Goods Sold: | $0.00 | $0.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | ($300,726.00) | ($143,217.00) |

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:

Beyond Imagination, 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 |
| --- | --- | --- | --- |
| Harry Kloor | CEO | Beyond Imagination, Inc. | 2017 |
| Bill Fisher | COO | Beyond Imagination | 2019 |
| Curtis MacDonald | Partner | ifMagic Venture | 2019 |
| John Best | Founder/CEO | Best Innovation Group | 2020 |
| Avi Sarma | Investor | Gril Ventures | 2019 |

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 |
| --- | --- | --- |
| Harry Kloor | President | 2017 |
| Harry Kloor | CEO | 2017 |
| Bill Fisher | COO | 2019 |
| John Best | CTO | 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 |
| --- | --- | --- |
| Harry Kloor | 9640000.0 Preferred Stock | 73.3 |

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:

We are developing both hardware and software systems. These sometimes encounter delays due to unanticipated complexities in implementation.

Hardware development and delivery depends on reliable supply chains whose production capacity and delivery timetables are not within our control. We may experience delays due to shipping issues, political issues or renewed pandemic-related production problems, domestically or overseas.

Our "robots as a service" model relies on the ability of our partners to meet their commitments related to time, money and market development. If they should fail short, our results may be impacted.

should fall short, our results may be impacted.

Our products are being developed in collaboration with technology suppliers of highly sophisticated products such as compute modules and communication devices. If a major security flaw is discovered in such products, our ability to perform timely deliveries or collect data in a safe and confidential manner may be compromised temporarily.

See Appendix E: Beyond Imagination inc Reg CF Risks for additional risks and disclosures.

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.

Bill Fisher is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.

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.

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

## 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: $50,000

Use of Proceeds: Funds will be directed toward robot technology development, including AI, vision systems, end effectors and power management (in 2023, 73% of total), G&A (in 2023, 11% of total) and sales/marketing (in 2023, 11% of total). Wefunder fee of 6.5% will be deducted first.

If we raise: $1,235,000

Use of Proceeds: Significant funds from a full raise will be dedicated toward AI development and the training of the robot's AI Brain to perform specific tasks. Second will be an ongoing, aggressive focus on developing the best possible control systems and end effectors. We will also begin engineering on our Cloud Platform. R&D in 2023 will represent 73% of total. G&A (in 2023, 11% of total) and sales/marketing (in 2023, 11% of total) will make up the balance. Wefunder fee of 6.5% will be deducted first.

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 (85%), or

ii. if the valuation for the company is more than $125,000,000.00 (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 $100,000.00 of the securities, investors will receive a valuation cap of $95,000,000.00 and a discount rate of 85.0%.

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 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.

# 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 | 25000000 | 10003333 | Yes |
| Seed Preferred | 1000000 | 1000000 | Yes |
| Seed-1 Preferred | 2250000 | 2142857 | Yes |

# Securities Reserved for Issuance upon Exercise or Conversion

Warrants:

Options:

Describe any other rights:

All securities to date are Common Stock, Preferred Stock or SAFE Notes; see details under Past Raises. This SAFE will convert into Preferred Shares, which have liquidation preference over Common Shares.

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:

None.

*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 |
| --- | --- | --- | --- | --- |
| 12/2022 | Regulation D, Rule 506(b) | SAFE | $1,225,000 | 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 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

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.

Compare 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

We're building One of The World's Most Advanced Humanoid Robots

We believe the future is in AI and robotics to unlock new levels of human achievement. We care because we know how intelligent robots can positively impact our world.

We built Beomni, one of the world's most advanced humanoid robots that perform human-like tasks, without the use of specialized single-purpose peripherals.

In five years, we aim to be the leaders in the robotics industry

# Milestones

Beyond Imagination, Inc. was incorporated in the State of Delaware in October 2017.

Since then, we have:

- Our revolutionary AI-powered humanoid robot can autonomously perform technically skilled tasks.
- We have a mighty team. Ray Kurzweil, Dean Kamen, Tony Robbins, Harry Kloor...
- We are building on $350 million-plus in technology from our team.
- We just received our 8th US patent on our technologies
- We are partnering with Cobotic Surgical, Inc. to bring "CoboTech" assistants to operating rooms
- Our breakthrough Omni-Purpose AI Brain mirrors the human mind and learns via its remote human pilot.
- We have a clear path to commercialization, with recurring revenues from "RaaS" subscriptions.

The Company is subject to risks and uncertainties common to early-stage companies. Given the Company's limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future.

# Historical Results of Operations

- Revenues & Gross Margin. For the period ended December 31, 2021, the Company had revenues of $0 compared to the year ended December 31, 2020, when the Company had revenues of $0
- Assets. As of December 31, 2021, the Company had total assets of $4,074,383, including $528,130 in cash. As of December 31, 2020, the Company had $3,818,070 in total assets, including $1,302,778 in cash.
- Net Loss. The Company has had net losses of $300,726 and net losses of $143,217 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
- Liabilities. The Company's liabilities totaled $875,037 for the fiscal year ended December 31, 2021 and $317,998 for the fiscal year ended December 31, 2020.

# Liquidity & Capital Resources

To-date, the company has been financed with $4,200,000 in equity and $1,225,000 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 3 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don't have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 3 months. 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.

# Runway & Short/Mid Term Expenses

Beyond Imagination, Inc. cash in hand is $10,000, as of February 2023. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $30,000/month, for an average burn rate of $30,000 per month. Our intent is to be profitable in 48 months.

Recently, some additional funding received. Major trade shows attended, including a financial conference in Saudi Arabia (expenses paid).

Commitments for purchases from two business partners of over 1,000 units total. Signed Term Sheet with Cobotic Surgical, Inc. for co-development of medical robots.

The company needs $300K over the next six months to reach the next immediate goals. Further major funding is being sought in order to reach actual production in 2-3 years.

Ultimately, as a manufacturer of hardware+software products, we will require enough funding to complete development of all components and then initiate deliveries to customers. We project 100 units in 2 years, 500 in Year 3 and 2,500 in Year 4, at which point we project profitability. This will require approximately $60M in total funding.

We have a number of sources of immediate capital from the founders and officers to cover short-term burn. We are in discussions with several large funders for the greater amounts needed in order to complete all technical work and begin manufacturing units as well as deploying back-end software.

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

I, Harry Kloor, certify that:

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

Harry Kloor
CEO

## 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?

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.

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:

https://www.beomni.ai//invest

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

Avi Sarma

Bill Fisher

Curtis MacDonald

Harry Kloor

John Best

Appendix E: Supporting Documents

Appendix E: Supporting Documents

ttw_communications_103502_232531.pdf

Beyond_Imagination_inc_Reg_CF_Risks.pdf

# 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

Avi Sarma

Bill Fisher

Curtis MacDonald

Harry Kloor

John Best

Appendix E: Supporting Documents

ttw_communications_103502_232531.pdf

Beyond_Imagination_inc_Reg_CF_Risks.pdf

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.

Beyond Imagination, Inc.

By

Harry Kloor

CEO, 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.

legal name:

legal name

title:

Title

date of birth:

mm/dd/yyyy

SIGN

John Best

CDO

2/9/2023

William C. Fisher

COO, Board Member

2/8/2023

Harry Kloor

CEO, Founder

2/8/2023

Pending Signatures

Avi Sarma - avi@grilventures.com

Curtis MacDonald - curtis@ifmagic.com

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 BEYOND IMAGINATION

## One of The World's Most Advanced Humanoid Robots

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

beomni.ai Los Angeles CA

B2B Hardware B2C AI Meonshots

LEAD INVESTOR

Josh Feder

Beyond Imagination is building robots that bring people together and make our families and our workforce safer, happier, and more productive. People love BEOMNI, who can bring us to remote places as if we are there, and learn skills to help us care for others as well as accomplish physical tasks. Think of it: you can visit a loved one far away and play cards and chat, or work on on the outside of a space station without danger to yourself or others. There are so many places where BEOMNI can work with us - everywhere we want to be. Join me as we lead the world into the future. - Josh Feder, MD

Invested $25,000 this round

## Highlights

1. Our revolutionary AI-powered humanoid robot can autonomously perform technically skilled tasks.
2. We have a mighty team. Ray Kurzweil, Dean Kamen, Tony Robbins, Harry Kloor...
3. We are building on $350 million-plus in technology from our team.
4. We just received our 8th US patent on our technologies
5. We are partnering with Cobotic Surgical, Inc. to bring "CoboTech" assistants to operating rooms
6. Our breakthrough Omni-Purpose AI Brain mirrors the human mind and learns via its remote human pilot.
7. We have a clear path to commercialization, with recurring revenues from "RaaS" subscriptions.

# Our Team

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

Harry Kloor CEO, Founder

Robot designer, earned 2 Ph.Ds simultaneously, co-founder of XPrize, Chair of 100 Year DARPA mission, writer for Star Trek Voyager, sold last company to Cellularity.

We believe the future is in AI and robotics to unlock new levels of human achievement. We care because we know how intelligent robots can positively impact our world.

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

William Fisher COO and Board Member

William Fisher is one of the first generation video game designers, starting at Mattel in 1981. His interests range from strategy games to simulation-based training and AI design to security to usability and UX. He has helped start several companies.

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

John Best CFO, CIO and Board Member

John Best serves as CFO and CIO. Best is focusing on AI, data analytics, security, infrastructure, and simulation platforms. Best also brings expert leadership skills to the team.

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

Rayna Papali VP of Metaverse and Planning

Over 20 years in industrial engineering and XR development. Part of Boeing 777 redesign team.

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

Michael David Ward Head Design Officer

25+ Years Graphic and Industrial Design. Technical Writer and Illustrator for Hewlett Packard Inc. Founder and Creative Director for multi-million dollar apparel company. Internationally renowned fine artist.

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

Ray Kurzweil Head of AI, Founder, Advisor

Director of Engineering for Google. World's top futurist. Best selling Author.

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

Dean Kamen Tech Advisor

Over 40 years founding and leading technology companies including FIRST, DEKA, Mobius Bionics, Inventor of the Segway, IBOT, and Slingshot. More than 1,000 patents granted.

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

Tony Robbins Business Advisor

World #1 Motivational speaker and life coach. Created and runs an empire of 50 companies with 5 billion in annual revenue. Author of many best-selling books.

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

Dr. Robert Hariri Medical Advisor

Accomplished neurosurgeon, biomedical scientist, and pilot. Adjunct Professor of Neurosurgery at Cornell University.

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

# **Jim Gianopolus** Head of Business

45+ years leading the world's biggest entertainment businesses. Former Chairman and CEO of Fox Studios and Paramount Pictures.

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

# **Dr. Paul Jacobs** 5G Advisor

Inventor with more than 70 patents, Former CEO and Chairman of Qualcomm, one of the world's leading experts in 5G and mobile technology.

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

# **Dr. Babak Kateb** Head of Brain Mapping

Neuroscientist and MD. Founder and CEO of Society for Brain Mapping and Therapeutics. Director of the Brain Mapping Foundation, Director of National Center for Nano-Bio-Electronics.

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

# **Rony Abovitz** Head Strategic Advisor

Founder of robotics and VR companies, including MAKO Surgical Corporation and Magic Leap. Sold MAKO for $1.65 Billion.

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

# **Richard Garriott de Cayeux** Strategic Business Liaison

Over 50 years leading video game development. Astronaut, author, and entrepreneur. Considered one of the top video game developers in the world. Created Ultima game series. President of the Explorer's Club.

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

# **Neil Jacobstein** AI Advisor

Chair of AI and Robotics Track at Singularity University. Founding editorial board with AAAS Science Robotics.

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

# **Stewart Coulter** Head of Robotics and Technology

Over 20 years leading engineering teams including Bosch, DEKA, and BAE. Led the creation of IBOT and Luke Arms at DEKA.

## INVEST IN THE FUTURE

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

## Exciting Developments from 2022

We were created our 8th US patent, the most comprehensive to date.

- We were granted our 8th US patent - the most comprehensive to date
- We were featured at the Future Investment Initiative conference in Riyadh; the Saudi Public Investment Fund paid over $200K to bring us and the robot for three days of live on-site demonstrations
- We signed an agreement with Cobotic Surgical, Inc. (CSI), founded by inventor Rony Abovitz (founder of Mako Surgical Robotics and Magic Leap) and top orthopedic surgeon Dr. Martin Roche
- Through CSI, we secured interest from numerous hospitals and from key US medical companies Stryker and Zimmer in our surgical robots
- We streamlined our proprietary VR control systems, eliminating nearly all equipment other than the VR headset
- We were featured at the Explorers Club in New York City, at multiple events
- We were one of only two technology companies at the Explorers Club gala (the other being Blue Origin)
- We demonstrated our high-performance remote-control technology in a coast-to-coast live demo over three days, connecting events in Beverly Hills and New York
- We developed new networking technology that works efficiently on any systems - even ones where we are a guest user
- We continued to advance our AI Brain training system
- We demonstrated the ability for a single Pilot to operate the robot while one or more Passengers observe

## The future of the workforce is here today.

Beyond Imagination has developed a revolutionary AI-powered humanoid robot that can autonomously perform a wide range of manual labor and technical skilled jobs. Our product, "Beyond Manpower," offers a cost-effective solution for businesses looking to reduce labor expenses, improve productivity, and eliminate training costs. Our first application is in the healthcare field, where the robot is being trained to become a surgical tech.

We have received interest in advance orders and potential investments from many of the largest hospital systems and two of the largest medical device makers, Zimmer Biomet and Stryker.

NYC HEALTH+ HOSPITALS

NYU Langone Health

Stanford MEDICINE

UCLA Health®

HolyCross Health
A Member of Trinity Health

Northwell Health®

UHealth
UNIVERSITY OF MIAMI HEALTH SYSTEM

HSS HOSPITAL FOR SPECIAL SURGERY

Advent Health

Our long-term goal is to expand into various industries such as manufacturing, hospitality, retail, logistics, and more. The potential market for this technology is in the trillions of dollars. As Elon Musk has stated, robots like ours will be as valuable as cars. With our system, any worker can train the AI brain by using only a VR headset, without the need for gloves or other equipment. The AI brain then learns from the data gathered to perform the job.

## Product Overview

- Proprietary “AI Brain” that will learn from human pilots and evolve to full autonomy across industries
- Piloted and trained via the company’s proprietary VR and haptic glove/sensory system
- Highly advanced, dexterous arms, hands, and wrists
- Fully Mobile system. All-terrain, stabilized via advanced gyroscope system that can rise up from 5’ 2” to 6’ 2” in height
- Stereo + 360-degree vision
- Eight issued patents, with more pending
- Key business partnerships already in place

## Value Creation and Capture Business Model

Robots as a Service (RaaS): one simple monthly payment includes everything: the Beomni robot, the Cloud Platform, AI Brain and any needed maintenance

- Each Beomni replaces at least 2.8 workers, saving up to 75% in labor costs
- Labor costs decrease over time with economies of scale
- Once a skill or occupation is learned, any number of AI robots can have that

skill

- New workers need no training and no signing bonus. They never quit, and all perform at peak efficiency from the start

Forward-looking projections cannot be guaranteed

## Our First Target Market: Surgical Assist Robots

Beomni robots in the operating room will provide “surgical tech” services, handing off scalpels, forceps, sponges and other tools to the surgeon in a timely, reliable and efficient manner

We are partnered with Cobotic Surgical, Inc. (CSI), founded by surgeon Dr. Martin Roche and by Rony Abovitz, creator of Mako Robotics and Magic Leap.

CSI has already lined up four hospitals for early deployment of Beomni robots. Once Beomni establishes itself to perform duties as surgical techs and cleaning techs, CSI then intends to expand into nursing robots and laboratory techs

Return on Investment: Robots as a Service (RaaS)

|  | Training Cost, Each | Signing Bonus, Each | Day, Benefits, and Continuing Ed, Each | Employment Duration | Seven-Year Cost, Each | Total Cost for All Personnel |
| --- | --- | --- | --- | --- | --- | --- |
| 2.8 Human Surgical Techs | $43,000 | $35,000 | $83,000 | 4 years | $708,000 | $1,960,000 |
| One Beomni Surgical Tech | $0 | $0 | $73,000 | 7 years | $568,000 | $988,000 |
|  |  |  |  |  | BEOMNI SAVINGS | $1,452,000 |

One Beomni can work two full shifts, seven days a week, replacing 2.8 human workers.

Beomni cuts costs by nearly $1.5M per operating room over the projected 7-year life of the robot - $207K per year per OR per Beomni. Much of the revenue is from high-margin software and AI licenses:

- $2,338 Financed monthly cost ($150K cost, 8% interest, 7 years)
- $2,500 AI Brain and Cloud Platform monthly cost
- $1,200 Monthly all-inclusive maintenance contract
- $6,038 TOTAL per month ($73K per year)

We plan to deploy our first units quickly into this market - two years after the close of this funding round.

Forward-looking projections cannot guaranteed.

Business Highlights

# Business Highlights

Founded in 2018 by Dr. Harry Kloor, Ray Kurzweil, Dean Kamen, Tony Robbins, and others, Beyond Imagination has developed one of the world's leading general-purpose AI humanoid platform, Beomni, with the goal of reinventing the world's workforce and creating a future where everyone can have a prosperous, healthy, productive life

The company has a group of outstanding employees and Executive Advisors that are proud to support Beomni in all aspects of its business

The company has a solid patent portfolio and numerous proprietary technologies that give it significant competitive advantages in the market

Business has been largely bootstrapped to date, raising $4.2M across two seed rounds, and $1.2M in our open Safe Note round

## High RaaS Margins + Enormous Growth Potential = High ROI

"Robots as a Service" mean high-margin AI Brain/Cloud Platform license fees and Maintenance Contract fees that rise in time to over 50% of total revenues

Economies of scale will drive the percentage of these high-margin recurring revenues higher and higher.

Margin by 2028 > 41%

Margin by 2033 > 60%

We project revenue of nearly 1 billion dollars by 2027

As a manufacturer of hardware+software products, we will require enough funding to complete development of all components and then initiate deliveries to customers. We project 100 units in 2 years, 500 in Year 3 and 2,500 in Year 4, at which point we project profitability. This will require approximately $60M in total funding.

Forward-looking projections cannot be guaranteed.

## Limitless Markets

We are focused on surgical assist robotics; from there we can grow into numerous markets:

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

The restaurant workforce makes up 10% of the overall U.S. workforce. Three in 10 restaurateurs cite staffing as a challenge. Beomni can be trained fill many of these positions.

Retail and hospitality markets are hurting for employees. There are 5.5 million retail job vacancies in the US alone, an easy application after surgical assist.

With 72% of manufacturing being done by humans today, and with rising labor costs, Beomni is set to fill millions of such jobs around the world

## Top-Level Financials

| (USD$) | 2023 | 2024 | 2025 | 2026 | 2027 |
| --- | --- | --- | --- | --- | --- |
| Net Unit Sales/Additions | 5 | 100 | 500 | 2,500 | 7,500 |
| Total Units in Service | 5 | 105 | 605 | 3,105 | 10,605 |
| Hardware Revenues | 2,500,000 | 15,000,000 | 60,000,000 | 250,000,000 | 637,500,000 |
| Service Contract Revenues | 240,000 | 1,512,000 | 6,969,600 | 29,808,000 | 86,536,800 |
| Subscription Revenues | 175,000 | 2,362,500 | 13,794,000 | 71,415,000 | 243,384,750 |
| Revenues | $2,915,000 | $18,874,500 | $80,763,600 | $351,223,000 | $967,421,550 |
| COGS | 2,500,000 | 13,200,000 | 52,500,000 | 223,125,000 | 568,968,750 |
| Gross Profit | $415,000 | $5,674,500 | $28,263,600 | $128,098,000 | $398,452,800 |
| General & Admin | 3,000,000 | 6,000,000 | 9,000,000 | 12,000,000 | 19,348,431 |
| Maintenance | 87,450 | 566,235 | 2,422,908 | 10,536,690 | 29,022,647 |
| Sales & Marketing | 3,000,000 | 4,000,000 | 5,000,000 | 12,000,000 | 29,022,647 |
| Research & Dev | 20,000,000 | 24,000,000 | 30,000,000 | 35,000,000 | 96,742,155 |
| Deprec & Amort | 1,457,500 | 3,303,038 | 2,826,726 | 5,268,345 | 9,674,216 |
| Total Expenses | $27,544,950 | $37,869,273 | $49,249,634 | $74,805,035 | $183,810,095 |
| Capex | $2,915,000 | $6,606,075 | $5,653,452 | $10,536,690 | $19,348,431 |

*Forward-looking projections cannot be guaranteed*

## IMPACT - Saving Lives

Beomni can take over dangerous and dirty jobs

- These jobs are vital to the largest sectors of the economy - agriculture, construction, manufacturing, mining, logistics, etc.

- The World Health Organization (WHO) and International Labor Organization (ILO) estimate 1.9 million lives are lost per year to occupational hazards globally.
- Beomni will save lives by filling millions of vacant elder-care jobs.
- Beomni can also save lives by addressing the growing crisis in nursing care, where not enough nurses are available

## Management Team

Dr. Harry Kloor, Founder and CEO

Founded Beyond Imagination in 2018 and is a successful serial entrepreneur, inventor, scientist, technologist, educator, policy advisor, author, and Hollywood filmmaker.

Has worked with a large number of scientific organizations, universities, and companies to advance exponential technologies ranging from robotics, holographic capture, virtual and augmented reality, artificial intelligence, deep machine learning, sensor networks, IOT, and more.

Recently exited from Stem CC, a company he co-founded.

William Fisher, COO

Currently serves as Beyond Imagination's COO and maintains an active role guiding the company's projects and operations.

Has experience across a wide variety of industries from commercial software, gaming, military and custom electronics, specializing in delivering robust, secure and reliable commercial products.

Previously on Mattel Electronics Intellivision game system. Has developed simulation projects and logistics training software for the US Army and other armed forces around the world. Focusing now on the Beomni Cloud Platform.

John Best, CIO and CFO

Has served as Beyond Imagination's CIO and CFO since 2019.

Expertise includes data analytics, security, infrastructure, and AI; deep background in networking, vision solutions, and high-availability systems.

Spent majority of career as CTO of Wescom Credit Union and other banking and technology companies and is playing an active role in the design and development of the robot.

Ray Kurzweil, Founder, Investor and Executive Advisor

Co-Founder of Beyond Imagination alongside Dr. Harry Kloor.

Worked with Larry Page on natural language processing at Google, and received a Grammy in 2015 for his technical and creative accomplishments.

Consistently seen as a thought leader through his books and appearances, with extensive knowledge in optical character recognition, text-to speech synthesis, speech recognition and artificial intelligence.

## Executive Advisors and Advisory Board

We are backed by a team of world-class advisors across a variety of industries who are ready to support the company in its next stage of growth.

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

Neil Jacobstein
AI and Robotics Chair,
Singularity University

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

Tony Robbins,
Life Coach and Author

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

Paul Jacobs,
Former CEO Qualcomm

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

Dean Kamen
Founder DEKA/First Inventor,
Engineer

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

Jim Gianopulos,
Former CEO of Fox and
Paramount

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

Andrew Nileau,
Founder/CEO OpenGate
Capital

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

Dr. Robert Hariri,
CEO and Founder of Cellularity

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

Dr. Babak Kateb
Chairman/CEO, Society for
Brain Mapping and
Therapeutics

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

Skip Brittenham,
Attorney, Founder of Ziffren
Brittenham LLP

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

Dr. Tony F Chan
President of KAUST

## Summary

Beomni both creates and captures massive value

Excellent margins and huge growth potential

This is a real market -- open to whoever captures it. We have real partners and first-mover advantage

Projected initial deployment in two years after receipt of full Series A funding

Forward-looking projections cannot be guaranteed

## We are changing the world.

## Join us today.

We are diligently working to secure funding from a diverse array of qualified

investors. With the potential for our company to reach great heights of success, we are running this Wefunder campaign to provide all individuals with the opportunity to be a part of our journey.

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

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

## Frequently Asked Questions

Describe Beomni's market impact

- Beomni addresses personnel shortages in critical industries by tackling high-demand jobs plus jobs that are simply dirty, dangerous and poorly compensated
- For example, surgical techs are very hard to hire, train and retain; Beomni can do their work more efficiently and for far less money
- Similarly, many jobs like bio-manufacturing require highly trained personnel to perform exacting but repetitive and boring work; Beomni is ideal for precision work
- Beyond healthcare, many other applications exist in fields ranging from manufacturing and logistics to hospitality, restaurants, agriculture, and more

What is the expected break-even year and what has to happen to get there?

- Our business plan projects break-even by Year 5
- The plan assumes development of market-ready baseline units after two years, with conservative estimates of 100 deployed after two years and 500 after three years
- Revenues are projected to come from multiple sources: advance licensing payments from our surgical VAR plus hardware leases and ongoing maintenance contracts and AI/Cloud Platform licensing fees

Forward-looking projections cannot be guaranteed

How will the revenue mix between hardware and recurring revenue shift over time?

- Our three major revenue streams are shown in the chart below: hardware

leases, service contracts and AI/Cloud Platform licensing subscriptions

- By Year 3, 25% of revenues will be from recurring service and licensing fees
- By Year 5, as numbers of units in service drive increases in recurring revenue, we project this to rise to 34%
- Ultimately, our model shows recurring revenues reaching 1/2 of the total by Year 10

| (USD$) | 2023 | 2024 | 2025 | 2026 | 2027 |
| --- | --- | --- | --- | --- | --- |
| Hardware Revenues | 86% | 79% | 74% | 71% | 66% |
| Service Contract Revenues | 8% | 8% | 9% | 8% | 9% |
| Subscription Revenues | 6% | 13% | 17% | 20% | 25% |

*Forward-looking projections cannot be guaranteed*

What is the approach to modularity, manufacturing and cost containment at scale?

- We will develop a “core” robot that incorporates all critical Beomni capabilities in a common platform that can be extended for specific applications (custom arms, vision systems and so on)
- We are designing each component from the start with a focus on manufacturability, supply chains and opportunities for cost reductions as scaling occurs
- We do not need custom silicon or other capital-intensive solutions

Can you point to a senior business hire to drive this process?

- Stewart Coulter headed robot engineering at DEKA and was a key decision-maker in the commercialization of their products; he will join once funding is secured
- Additionally, current COO William Fisher has played a central role in designing, developing and bringing to market several complex hardware+software systems and medical devices

What is the R&D strategy long-term?

- R&D is front and center for this company. We have an excellent head start and intend to fund R&D in a manner that creates significant, multiple barriers to competition
- We have a clear long-term product vision, so R&D will be directed at specific goals
- We will continue to add to our patent portfolio, in the US and internationally

Is the sales and marketing strategy largely through channel partners or resellers like Cobotic Surgical, Inc?

- We expect to partner with highly experienced vertical resellers like CSI who can offer not only sales channels but also serious, meaningful input into product development
- Working with such partners ensures that we will be able to address unique, market-specific requirements like HIPAA and FDA regulations in a timely and efficient manner

## What is the expected time for FDA approval?

- We are a Class I (minimal risk) device and qualify for the 510(k) Third Party Review Program. This means we can anticipate FDA approval in a very prompt manner
- We have multiple team members and advisors with FDA medical device experience

## What will proceeds be used to pay for?

- Top priority is building a market-ready device for a target 24-month initial release following Series A; a large share of funds will be dedicated to R&D, including design-for-manufacturing
- Key new hires will ensure that our hardware, software and security teams have solid leadership
- Early units will be deployed for trials as quickly as possible in advance of full sales; this will both assist in product development and bring in service/license revenues
- Modest funds will be put toward marketing, most of which will target product awareness in highly targeted markets and event coverage by major press outlets
- G&A will be kept to a minimum, with routine services outsourced wherever practical. Small offices will be established only where needed

Current budget projections in these areas are:

| (USD$) | 2023 | 2024 | 2025 | 2026 | 2027 |
| --- | --- | --- | --- | --- | --- |
| General & Admin | 11% | 16% | 18% | 16% | 11% |
| Maintenance | 0% | 1% | 5% | 14% | 16% |
| Sales & Marketing | 11% | 11% | 10% | 16% | 16% |
| Research & Dev | 73% | 63% | 61% | 47% | 53% |
| Other | 5% | 9% | 6% | 7% | 5% |

Forward-looking projections cannot be guaranteed

## Everybody loves Beomni

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

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

Our debut wowed and amazed crowds at the Consumer Electronics Show in January 2022.

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

During our TRU PACE pilot, doctors and nurses alike were able to pick up the controls and pilot the robot with ease. After just a few minutes, they were taking temperatures of patients and holding remote conversations.

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

Patients aged 65 to 99 eagerly interacted with the robot, because we designed it to be approachable and non-threatening.

We believe we are changing the world

we believe we are changing the world.

Join us today.

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

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

# Subscription Agreement

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**Beyond Imagination 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 **Beyond Imagination, 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

Beyond Imagination 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 Beyond Imagination, Inc. SECURITIES BY Beyond Imagination I, A SERIES OF WEFUNDER SPV, LLC, A DELAWARE LIMITED LIABILITY COMPANY

Type of Security: Future Equity

Terms $125M valuation cap and 15% 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:

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

# **Beyond Imagination | EB (THE "SPV"),**
a series of Wefunder SPV, LLC, a Delaware limited
liability company (the "LLC")

# Subscription Agreement

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**Beyond Imagination | 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 **Beyond Imagination, 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

Beyond Imagination 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 Beyond
Imagination, Inc. SECURITIES BY Beyond Imagination I
EB. A SERIES OF WEFUNDER SPV, LLC. A
DELAWARE LIMITED LIABILITY COMPANY

Type of Security: Future Equity

Terms $95M valuation cap and 15% 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:

**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.

Beyond Imagination, 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], Beyond Imagination, 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 $125,000,000

The "Discount Rate" is 85%

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:**

Beyond Imagination, 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.

Beyond Imagination, 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], Beyond Imagination, 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 $95,000,000

The "Discount Rate" is 65%

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:**

Beyond Imagination, 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`

Financial Statements of

Beyond Imagination, Inc.

For the years ended December 31, 2021 and 2020

Including Independent Accountants' Report

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

# BEYOND

# IMAGINATION

# BEYOND IMAGINATION, INC.

# Table of Contents

|  | Page |
| --- | --- |
| Independent Accountants' Review Report | 2 |
| Financial Statements: |  |
| Balance Sheets | 3 |
| Income Statements | 4 |
| Statement of Stockholders' Equity |  |
| Statements of Cash Flows | 5 |
| Statement of Functional Expenses | 7 |
| Notes to the Financial Statements | 8 |

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

Certified Public Accountants and Business Advisors
low income housing, pension plans, business services,
auditing, tax preparation and financial planning

# INDEPENDENT ACCOUNTANTS' REVIEW REPORT

To the Board of Directors
of Beyond Imagination, Inc.
Delaware

We have reviewed the accompanying financial statements of Beyond Imagination, Inc., which comprise the balance sheets as of December 31, 2021 and 2020, and the related statements of income, changes in stockholders' equity, and cash flows for the years then ended, 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.

# *Recurring Operating Losses*

As discussed in Note 7 to the financial statements, the Company has suffered recurring losses from operations. Management's evaluation of the events and conditions and management's plans to mitigate these matters are also described in Note 7. Our opinion is not modified with respect to this matter.

# *Management's Responsibility for the Financial Statements*

Management is responsible for the preparation and fair presentation of these 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.

# *Accountant's Responsibility*

Our responsibility is to conduct the review engagements in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. 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 Beyond Imagination, Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our reviews.

# *Accountant's Conclusion*

Based on our reviews, 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.

Bountiful, Utah
October 6, 2022

# BEYOND IMAGINATION, INC.  
 Balance Sheets  
 As of December 31, 2021 and 2020

|  | 2021 | 2020 |
| --- | --- | --- |
| Assets |  |  |
| Current Assets: |  |  |
| Cash and Cash Equivalents | $528,130 | $1,302,778 |
| Stockholders' Receivable | 1,120 | 1,120 |
| Prepaid Expenses | 50,226 | 21,309 |
| Total Current Assets | 579,476 | 1,325,207 |
| Property and Equipment, net | 282,931 | 369,059 |
| Intangible Assets, net | 2,068,776 | 1,390,450 |
| Deferred Tax Asset | 1,143,200 | 733,354 |
| Total Assets | $4,074,383 | $3,818,070 |
| Liabilities and Stockholders' Equity |  |  |
| Current Liabilities: |  |  |
| Accounts Payable | $139,144 | $261,371 |
| Credit Cards Payable | 2,607 | 3,421 |
| Accrued Liabilities | 64,529 | 29,601 |
| Accrued Payroll Payable | 20,290 | 21,572 |
| Stockholder Payables | 23,487 | 2,033 |
| Total Current Liabilities | 250,057 | 317,998 |
| Long Term Liabilities: |  |  |
| SAFE Arrangement | 624,980 | - |
| Total Liabilities | 875,037 | 317,998 |
| Stockholders' equity |  |  |
| Common Stock (Par value $0.0001 per share 25,000,000 shares issued, 10,003,333 outstanding) | 1,000 | 1,000 |
| Preferred Stock (par value $0.000001 per share, 5,000,000 shares issued, 3,142,857 outstanding) | 3 | 3 |
| Additional Paid in Capital | 4,081,987 | 4,081,987 |
| Retained Deficit | (883,644) | (582,918) |
| Total Stockholders' Equity | 3,199,346 | 3,500,072 |
| Total Liabilities and Stockholders' Equity | $4,074,383 | $3,818,070 |

The accompanying notes are an integral part of these financial statements. See accountant's report.

3

# BEYOND IMAGINATION, INC.  
 Income Statement  
 For the years ended December 31, 2021 and 2020

|  | 2021 | 2020 |
| --- | --- | --- |
| Expenses |  |  |
| General and Administrative | 494,111 | 355,605 |
| Development | 127,983 | 201,555 |
| Depreciation | 88,541 | 58,646 |
| Total Expenses | 710,635 | 615,806 |
| Loss from Operations | (710,635) | (615,806) |
| Other income (expense): |  |  |
| Interest Income | 63 | 13,410 |
| Income Tax Benefit (expense) | 409,846 | 459,179 |
| Total other income (expense) | 409,909 | 472,589 |
| Net loss | $(300,726) | $(143,217) |

The accompanying notes are an integral part of these financial statements. See accountant’s report.

4

# BEYOND IMAGINATION, INC.

# Statement of Stockholders' Equity

For the years ended December 31, 2021 and 2020

|  | Common Stock |  | Preferred Stock |  | Paid In Capital | Retained Deficit | TOTAL EQUITY |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Shares | Value | Shares | Value |  |  |  |
| Balance as of January 01, 2020 | 10,000,000 | $1,000 | 3,142,857 | $3 | $4,080,987 | $(439,701) | $3,642,289 |
| Stock Issuance | 3,333 | - | - | - | 1,000 |  | 1,000 |
| Net Loss |  |  |  |  |  | (143,217) | (143,217) |
| Balance as of December 31, 2020 | 10,003,333 | 1,000 | 3,142,857 | 3 | 4,081,987 | (582,918) | (581,915) |
| Stock Issuance | - | - | - | - | - |  | - |
| Net Loss |  |  |  |  |  | (300,726) | (300,726) |
| Balance as of December 31, 2021 | 10,003,333 | $1,000 | 3,142,857 | $3 | $4,081,987 | $(883,644) | $(882,641) |

The accompanying notes are an integral part of these financial statements. See accountant's report.

5

# BEYOND IMAGINATION, INC.  
Statements of Cash Flows  
For the years ended December 31, 2021 and 2020

|  | 2021 | 2020 |
| --- | --- | --- |
| Cash flows from operating activities: |  |  |
| Net loss | $(300,726) | $(143,217) |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities |  |  |
| Depreciation and amortization | 88,541 | 58,646 |
| Change in operating assets and liabilities: |  |  |
| Receivables | - | (65) |
| Prepaid expenses | (28,918) | 28,827 |
| Deferred tax asset | (409,846) | (459,179) |
| Accounts payable | (123,041) | 260,207 |
| Accrued liabilities | 33,646 | 24,870 |
| Stockholder payables | 21,454 | (35,811) |
| Net cash used by operating activities | (718,890) | (265,722) |
| Cash flows from investing activities: |  |  |
| Purchases of property and equipment | (2,412) | (365,478) |
| Purchases of intangible assets | (678,326) | (1,000,321) |
| Net cash used in investing activities | (680,738) | (1,365,799) |
| Cash flows from financing activities: |  |  |
| Proceeds from SAFE Liability | 624,980 | - |
| Proceeds from issuance of Common Stock | - | 1,000 |
| Net cash provided in financing activities | 624,980 | 1,000 |
| Net change in cash and cash equivalents | (774,648) | (1,630,521) |
| Cash and cash equivalents at beginning of period | 1,302,778 | 2,933,299 |
| Cash and cash equivalents at end of period | $528,130 | $1,302,778 |

The accompanying notes are an integral part of these financial statements. See accountant’s report.

6

# BEYOND IMAGINATION, INC.  
 Statements of Functional Expenses  
 For the years ended December 31, 2021 and 2020

|  | 2021 | 2020 |
| --- | --- | --- |
| General and Administrative |  |  |
| Accounting | $5,080 | $4,800 |
| Advertising | 8,981 | 2,000 |
| Bank Fee | 442 | 2,012 |
| Conferences & Seminars | - | 900 |
| Insurance | 18,090 | 25,621 |
| Legal | 95,925 | 72,862 |
| Licenses & Fees | 495 | 2,086 |
| Miscellaneous Expenses | 1,022 | - |
| Office Supplies | 19,829 | 4,032 |
| Postage & Shipping | 6,442 | 2,211 |
| Rent | 30,284 | 30,001 |
| Payroll Expense | 253,045 | 172,522 |
| Taxes | 3,586 | 2,014 |
| Travel | 50,360 | 34,544 |
| Utilities | 530 | - |
| Total General and Administrative | $494,111 | $355,605 |
|  | 2021 | 2020 |
| Development |  |  |
| Computer Expense | $14,605 | $11,230 |
| Development | 112,464 | 190,060 |
| Supplies | 914 | 265 |
| Total Development | $127,983 | $201,555 |

The accompanying notes are an integral part of these financial statements. See accountant’s report.

7

# BEYOND IMAGINATION, INC.

Notes to the financial statements

December 31, 2021 and 2020

# 1. Nature of Business

Beyond Imagination, Inc (the "Company"), was organized under the laws of the State of Delaware on October 2, 2017. The Company is engaged in the development of the following technological projects:

- Beomni Robotics AI Platform which consists of three elements: 1) a general purpose humanoid robot that can be controlled by a human remotely via (2) our cloud platform and VR computer system, over time the data gained from use by the human to perform tasks trains (3) our Omni-Purpose AI Brain so that it can learn how to do the tasks autonomously. The ecosystem created will enable limitless applications, limited only by the imagination.
- Reach App is a platform and mobile app to enable a user to place digital objects in any space, and then depending on the viewer's relationship to the user placing the digital objects, the viewer can see and even manipulate these objects. Neither the viewer nor the user need to physically be in the space the object has been placed if either user is connected via their phone to another phone that has its camera focused on an area. In this case, the viewer can digitally reach through the phone and place objects and move them about and both parties can see the object. The approach is to take augmented reality to next step, creating a social network that involves objects locked to geo locations that can be either public viewable based on their interests or the groups you align with or the friends in the platform that the user is connected to.

# 2. Summary of Significant Accounting Policies

# a. Basis of Accounting

The Company uses the accrual basis of accounting, and their accounting period is the 12-month period ending December 31 of each year.

# b. Accounting Standards Codification

The Financial Accounting Standards Board ("FASB") has issued the FASB Accounting Standards Codification ("ASC") that became the single official source of authoritative U.S. generally accepted accounting principles ("GAAP"), other than guidance issued by the Securities and Exchange Commission (SEC), superseding existing FASB, American Institute of Certified Public Accountants, emerging Issues Task Force and related literature. All other literature is not considered authoritative. The ASC does not change GAAP; it introduces a new structure that is organized in an accessible online research system.

# c. Use of Estimates

Management of the Company has made a number of estimates and assumptions relating to the reporting of assets, liabilities, revenue and expenses, and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with GAAP. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment; valuation allowances for receivables, and estimated recoverability of intangible assets. Actual results could differ from those estimates.

8

# BEYOND IMAGINATION, INC.

# Notes to the financial statements  
December 31, 2021 and 2020

# d. *Cash and Cash Equivalents*

Cash equivalents include all highly liquid investments with maturities of three months or less at the date of purchase. Also included within cash equivalents are deposits in-transit from banks. As of December 31, 2021 and 2020 the company had cash and cash equivalents of $528,130 and $1,302,778, respectively, and exceeded the federally insured limit of $250,000 by $278,130 and $1,052,778, respectively.

# e. *Property and Equipment*

Property and equipment are stated at historical cost and are depreciated using the straight-line method over the estimated useful lives of related assets. Expenditures for major improvements are capitalized; expenditures for maintenance, repairs and minor improvements are charged to expense as incurred. Upon the sale or retirement of property, plant and equipment, any gain or loss on disposition is reflected in results of operations (in other income (expense), and the related asset cost and accumulated depreciation or amortization are removed from the respective accounts.

# f. *Income Taxes*

The entity is structured as a Corporation under the laws of the state of Delaware. The liability for income taxes is the responsibility of the company.

# g. *Advertising Costs*

The Company expenses advertising costs as incurred. Advertising expense for the year and six-month period ending December 31, 2021 and 2020 were $8,981 and $2,000, respectively.

# h. *Concentration of Risk*

The Company maintains its cash in bank deposit accounts which at times exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risks on cash or cash equivalents.

# 3. **Property and Equipment**

Property and equipment consist of the following as of December 31, 2021 and 2020:

|  | 12/31/2020 | Additions | Disposals | 12/31/2021 |
| --- | --- | --- | --- | --- |
| Computer Equipment | $13,324 | $2,412 | $ - | $15,736 |
| Lab Equipment | 418,489 |  | - | 418,489 |
|  | 431,813 | 2,412 | - | 434,225 |
| Less: Accumulated Depreciation | (62,753) | (88,541) | - | (151,294) |
| Net Book Value | $369,060 |  |  | $282,931 |
|  | 12/31/2019 | Additions | Disposals | 12/31/2020 |
| Computer Equipment | $9,342 | $3,982 | $ - | $13,324 |
| Lab Equipment | 56,993 | 361,496 | - | 418,489 |
|  | 66,335 | 365,478 | - | 431,813 |
| Less: Accumulated Depreciation | (4,107) | (58,646) | - | (62,753) |
| Net Book Value | $62,228 |  |  | $369,060 |

9

# BEYOND IMAGINATION, INC.

# Notes to the financial statements  
December 31, 2021 and 2020

Depreciation expense for the years ending December 31, 2021 and 2020, were $88,541 and $58,646, respectively.

# **4. Intangible Assets**

Property and equipment consist of the following as of December 31, 2021 and 2020:

|  | 12/31/2020 | Additions | Disposals | 12/31/2021 |
| --- | --- | --- | --- | --- |
| Patents | $8,360 | $8,218 | $ - | $16,578 |
| Technology in Development | 1,382,090 | 670,108 | - | 2,052,198 |
|  | 1,390,450 | 678,326 | - | 2,068,776 |
| Less: Accumulated Amortization | - | - | - | - |
| Net Book Value | $1,390,450 |  |  | $2,068,776 |
|  | 12/31/2019 | Additions | Disposals | 12/31/2020 |
| Patents | $ - | $8,360 | $ - | $8,360 |
| Technology in Development | 390,129 | 991,961 | - | 1,382,090 |
|  | 390,129 | 1,000,321 | - | 1,390,450 |
| Less: Accumulated Amortization | - | - | - | - |
| Net Book Value | $390,129 |  |  | $1,390,450 |

Amortization expense for the years ending December 31, 2021 and 2020 were $0 each year because the patents and the technology have not begun their useful lives.

# **5. SAFE Arrangement**

The Company has entered into a SAFE (Simple Agreement for Future Equity) arrangement. The terms of this agreement grant the holder shares of stock in the company at a discount rate of 85% at the time of a “liquidity event”. The agreement allows the Company to draw on funding up to $2,500,000. Until such time as the SAFE arrangement is satisfied through a liquidity event, the liability is to be treated as a junior preferred stock.

There is no expectation of a liquidity event in the coming 12 months, so the arrangement has been classified as long term.

10

# BEYOND IMAGINATION, INC.

# Notes to the financial statements  
December 31, 2021 and 2020

# **6. Income Tax**

As of December 31, 2021, the company had the following income tax returns subject to examination:

| Jurisdiction | Open Years for Filed Returns | Return filed in 2021 |
| --- | --- | --- |
| Federal | 2019 - 2021 | None |
| California | 2020 - 2021 | None |
| Colorado | 2019 - 2021 | None |
| Delaware | 2019 - 2021 | None |

As of December 31, 2021 and 2020, the following were the book to tax conversions:

|  | 2021 | 2020 |
| --- | --- | --- |
| Book Net Loss | $(300,726) | $(143,217) |
| Book/Tax Depreciation Difference | 25,359 | 18,127 |
| Assets Expensed for Tax Purposes | (670,108) | (991,961) |
| Other Book/Tax Differences | (58,098) | 9,261 |
| Tax Benefit | (409,846) | (459,179) |
| Tax Net Loss | $(1,413,419) | $(1,566,969) |

The Tax benefit for the years ending December 31, 2021 and 2020 were $409,846 and $459,179, respectively.

# **7. Going Concern**

# *Principal Condition*

As the Company does not currently have an established source of income, the ability of this organization to continue as a going concern is at risk

# *Management's Evaluation*

Management has reviewed the conditions of the company and has planned accordingly. The entity has minimal liabilities that are not tied to capital. This has been done intentionally to ensure that if this company (that is in development) does not continue all obligations can be met.

# *Management's plan*

Management has established multiple options for equity financing and intends to continue to seek equity financing as it has done in the past.

# **8. Date of Management's Evaluation**

Management has reviewed and evaluated subsequent events through October 6, 2022, the date on which the financial statements were issued.

11

**Attachment 8:** `document_8.pdf`

Contact

www.linkedin.com/in/avi-sarma
(LinkedIn)

Top Skills

Microsoft Excel

Public Speaking

Microsoft Office

# Avi Sarma

Investor | GRIL Ventures

Washington, District of Columbia, United States

## Summary

Investing in Technologies and Teams who are Advancing Dignity

## Experience

GRIL Ventures

Managing Partner

May 2016 - Present (6 years 10 months)

Isle of Man, United Kingdom

Private investment vehicle focused on backing high growth, high impact technology companies globally. 50 investments to date across energy, transportation, health and mental wellness, education, food and agriculture, consumer, internet, AI / ML, blockchain, AR / VR and big data for enterprise. Aligning disruptive technology and great entrepreneurs to advance dignity in the world.

Upgraded Technologies

Board Member / Investor

November 2017 - Present (5 years 4 months)

Beyond Imagination, Inc.

Board Member / Investor

December 2019 - Present (3 years 3 months)

Los Angeles, California

GVNG

Board Member / Investor

October 2018 - Present (4 years 5 months)

Los Angeles, California

pyxis.ai

Board Member / Investor

August 2020 - Present (2 years 7 months)

California, United States

Page 1 of 2

Dino Agro
Co-Founder / Board Member
2020 - Present (3 years)
São Paulo, Brazil

Habitatio Inc
Co-Founder
January 2019 - Present (4 years 2 months)

New platform efficiently channeling philanthropic + impact capital to community owned wildlife assets, getting humans, wildlife and nature thriving in harmonious co-existence.

First asset live in North Kenya @ Kalepo in the Matthews Range.

## Education

University of Pennsylvania - The Wharton School
Bachelor of Science (B.Sc.), Business/Managerial Economics · (2006 - 2010)

Page 2 of 2

**Attachment 9:** `document_9.pdf`

Contact

www.linkedin.com/in/bill-fisher-314104 (LinkedIn)
www.beomni.ai (Company)

Top Skills

Programming
Game Design
Artificial Intelligence

Honors-Awards

Technology Innovation Award, for
Stacked Restaurant Software

Publications

IEEE Std 2200-2012 Standard
Protocol for Stream Management in
Media Client Devices

# Bill Fisher

Chief Operating Officer at Beyond Imagination, Inc.

San Clemente, California, United States

## Summary

I have worked in the video game business since the very earliest
generation of games in the early 1980s. My company, Quicksilver
Software, Inc., is one of the oldest independent studios in the
business (founded in 1984).

We specialize in making high-quality games, educational software
and military trainers for a wide variety of platforms, ranging from PCs
to handhelds to custom installations. We especially enjoy projects
which involve unique design or technology challenges.

Specialties: Game design, software architecture, artificial
intelligence, training and educational software development, military
applications.

I am also a principal in two other companies: Intellivision
Entertainment, creator of the Amico game console, and Beyond
Imagination, creator of the Beomni humanoid robot.

## Experience

Beyond Imagination, Inc.

4 years 3 months

Chief Operating Officer

December 2018 - Present (4 years 3 months)

California, United States

Chief Production Officer

December 2019 - Present (3 years 3 months)

Orange County, California, United States

Intellivision Entertainment

Vice President Of Platform Security

May 2018 - Present (4 years 10 months)

Irvine, CA

Page 1 of 2

Focusing on hardware and software security for the new Intellivision Entertainment video game console.

Quicksilver Software, Inc.

President

January 1984 - Present (39 years 2 months)

Develop cutting-edge entertainment, simulation, and training software for commercial and military applications.

Mattel Electronics

Group Leader

June 1981 - January 1984 (2 years 8 months)

Designed and produced games for Intellivision game console, Apple II and IBM PC computers. Hired and trained staff for Taiwan subsidiary.

Mattel Inc./Mattel Electronics

Group Leader

1981 - 1984 (3 years)

# Education

University of California, Los Angeles

BS, Math/Computer Science · (1977 - 1981)

Page 2 of 2

**Attachment 10:** `document_10.pdf`

Contact

www.linkedin.com/in/
macdonaldcurtis (LinkedIn)
www.startupde.com (Personal)
www.happinessvc.com (Company)

Top Skills

Financial Analysis
Investment Management
Fundraising

Languages

English
German
French

Patents

Wireless networking adapter and
variable beam width antenna

# Curtis MacDonald

Venture Investor // Coder
Palo Alto, California, United States

## Summary

There is no greater way to positively impact the future of humanity
than through pioneering, technological progress.

Core to belief is the desire to identify and assist entrepreneurs
identify the 'magic' of tomorrow and bring it to the world today. As
the lead VC investor in several dozen startups since 2010, Curtis has
financed and helped many founders build their magical companies to
amazing exits.

While finishing his degrees in computer engineering and mechanical
engineering at Lehigh University, Curtis developed and patented a
new type of microwave antenna. This invention led to the formation
of his startup hField Technologies, which sold long-range WiFi
communication devices.

After leaving hField Technologies, Curtis joined the investment team
of High Tech Gruenderfonds in Germany, one of the most active
seed-stage funds in the world ($1 billion under management, 130
exits, 600 active portfolio companies). At HTGF, he personally
invested and managed a lucrative venture fund portfolio of over
a dozen startups, with a core focus on deep-tech investing. This
portfolio covered a mix of both AI, crypto, robots, and enterprise
software and has led to some of the fund's largest recent exits.
Curtis continues to support prior portfolio companies as a Venture
Partner at HTGF.

In his free time, Curtis enjoys working on his various programming
and hardware projects, as well as golfing with friends and
colleagues.

## Experience

ifMagic Ventures

Page 1 of 8

# Partner

March 2017 - Present (6 years)

Palo Alto, California, United States

ifMagic Ventures is an early-stage venture fund with a focus on frontier technology. We partner with mission-driven leaders that see beyond their own time horizon and perceive radical solutions to the world's biggest problems. We invest in products ripped straight from the pages of science fiction. (Previously known as Happiness Ventures).

# ZaiNar, Inc.

Investor/ Board

December 2018 - Present (4 years 3 months)

ZaiNar ("zye-nar") is a real-time local positioning technology company. The proprietary mesh network technology provides a versatile solution for positioning that is far more scalable, cost-effective, and accurate than existing alternatives to GPS/GNSS such as WiFi positioning and enables location tracking for cellular phones (including the latest LTE and 5G standards), radio frequency tags, embedded IoT devices, vehicles and UAVs, and other wireless devices and standards with over 200 meter range and sub-meter accuracy.

# Hypersonix Inc.

Investor/ Board

July 2018 - Present (4 years 8 months)

Hypersonix.AI is a leading enterprise AI company for consumer commerce industries. The company is helps consumer commerce enterprises drive profitable revenue growth by providing a system of actionable intelligence through artificial intelligence analysis.

# High-Tech Gründerfonds

13 years 1 month

# Venture Partner

March 2015 - Present (8 years)

High-Tech Gründerfonds is a European early-stage venture capital fund, focusing on high-tech startups.

With $1 Billion under management and 650 portfolio companies, including 150 exits, HTGF is one of the largest and most active VCs in early-stage technology investing.

Page 2 of 8

While no longer investing for HTGF, as a Venture Partner Curtis now continues to help manage the fund's US startups and activities and sits in a non-executive leadership position on HTGF portfolio company boards.

# Senior Investment Manager

February 2010 - February 2015 (5 years 1 month)

Seed Stage Venture Capitalist in High Tech Start Ups

Profitably invested and managed a portfolio of 15 high tech startups. Curtis negotiated the investment term sheet with founders, oversaw due diligence (including any applicable financial modelling and mergers and acquisitions analysis), led HTGF's participation in the financing, and took a directorship position on the board, spending years with the founding team driving value to a great exit. He recruited and successfully placed 11 executives for portfolio companies, including 5 CEOs.

Lead/Co-Lead V.C. in 40+ Seed and Follow-On Series A Investments, including HTGF's first international investments.

Led and managed the following HTGF Investments:

- Tiramizoo (Same-day delivery platform)
- Itembase (Cloud-based personal inventory management)
- Pylba Inc. (Maker of the Simply App)
- Basecase (Platform to build HEOR-based payer apps)
- Cubical (Retailer Analytics)
- Stocard (Market leader loyalty card App)
- Ezeep (Printing Infrastructure as-a-service)
- Eyefactive (Large surface multi-touch, multi-gesture systems)
- Mobile-Location Company (Real-time tracking-as-a-service)
- Lumatix (Real-time 3d computer generated images)
- Autoloader (Airport Robotics)
- TrustedSafe (Data Security in the cloud)

High-Tech Gründerfonds is a German early-stage investor, focused on high potential high-tech startups. With roughly $1B+ under management and over 300 portfolio companies, HTGF is one of the largest and most active VCs in Europe.

Mira

Page 3 of 8

Investor/ Board

December 2017 - Present (5 years 3 months)

Mira builds end-to-end augmented reality solutions that increase operational efficiencies within enterprises.

Beyond Imagination, Inc.

Investor/ Board

December 2019 - Present (3 years 3 months)

Beyond Imagination is building commercial, medical, and general purpose robotic avatars that will erase locality, and enable anyone to go anywhere and do anything. The company has assembled a world class team of the greatest minds in the world coming together to create product that will bring opportunity and services to everyone around the world.

Particle.One

Investor/ Board

November 2019 - Present (3 years 4 months)

Particle.One is built to de-risk the global supply chain. Using advanced knowledge-graph methodology wthe company finds relationships between companies and commodities and deliver real-time AI-driven commodity market insights 10x faster than it takes a human to collect and process information.

Verbz.ai

Investor/ Board

September 2019 - Present (3 years 6 months)

Use your voice to effortlessly capture and share notes, delegate tasks, and chat with your team throughout the day. Verbz is a voice first AI-driven productivity app for business leaders and professionals. The app helps you work faster during the day, so you have less to catch up on at night.

Pylba Inc.

Investor/ Board

April 2013 - November 2021 (8 years 8 months)

Pylba/ Messengerpeople is a specialist on NLP and mobile app development. In Oct 2018, Pylba was merged with its sister company MessengerPeople.

MessengerPeople is a global leader in messenger services and chatbots. Key applications include marketing automation, customer service, and automation of 1:1 communication via chatbots. MessengerPeople is based in Germany and serves more than 2,000 corporate customers, including all major TV

Page 4 of 8

stations, publishers, eCommerce companies, governments, sports, and many others.

# Cocoon Health

Investor

August 2016 - June 2021 (4 years 11 months)

San Francisco Bay Area

Cocoon Health is a CV/ AI platform to track vitals (HR, RR) & sleep from cameras, starting with infant health monitoring. Cocoon was featured in Forbes, TIME, Techcrunch and recognized by Gartner as a 'Cool Vendor in AI for Computer Vision'.

# Itembase

Investor/ Board

March 2013 - September 2018 (5 years 7 months)

Itembase is a marketplace that connects e-commerce shops with solution providers. It allows solution providers to offer their service on multiple shop systems by solely integrating with itembase.

# ezeep

Investor/ Board

October 2012 - January 2015 (2 years 4 months)

Ezeep's online software offers printing services from any device - without the use of hardware.

# Cubical

Investor/ Board

December 2011 - January 2015 (3 years 2 months)

Cubical manufactures pre-loaded micro personal computers for the aviation industry.

# eyefactive GmbH

Investor/ Board

October 2011 - January 2015 (3 years 4 months)

Eyefactive develops multi-user, multi-touch, large-scale interactive signage and computer interfaces.

# Stocard - Your Mobile Wallet

Investor/ Board

July 2011 - January 2015 (3 years 7 months)

Page 5 of 8

Stocard's mission is to become the #1 mobile wallet in the Western world by making the daily shopping experience easy, engaging, and rewarding for its more than 50 million users.

By turning shopper's phones into their wallet, they've simplified the way users are rewarded at their favorite stores and are adding an easy way for their users to get access to financial services on the platform.

To date several billion transactions at the point of sale have been facilitated through Stocard.

Certara | BaseCase Interactive

Investor/ Board

June 2010 - January 2015 (4 years 8 months)

BaseCase is the complete customer engagement platform for the life sciences industry. Its suite of SaaS products enables pharmaceutical and medtech companies to engage more effectively with payers, healthcare providers, and healthcare professionals using personalized, interactive mobile content.

Autoloader GmbH

Investor/ Board

September 2012 - January 2014 (1 year 5 months)

Autoloader develops sophisticated robotic systems with unique gripping sensors for the aviation and logistics industries.

ML-C MobileLocation-Company GmbH

Investor/ Board

March 2011 - September 2013 (2 years 7 months)

ML-C operates a system platform for next-generation M2M applications.

Its products combine GPS and GSM into a software-hardware-package, which ML-C delivers to product-makers in professional M2M and automotive markets.

tiramizoo GmbH

Investor/ Board

February 2012 - August 2013 (1 year 7 months)

Tiramizoo is a software platform that enables same-day delivery service for scheduled deliveries in metropolitan areas in Germany and Austria.

trustedSafe GmbH

Page 6 of 8

Investor/ Board

December 2011 - May 2013 (1 year 6 months)

Secure and compliant storage, transfer, and distribution of data in the cloud, using novel encryption and data compression algorithms developed by the Fraunhofer Institute FOKUS.

Lumatix

Investor/ Board

January 2011 - June 2012 (1 year 6 months)

Bavaria, Germany

Lumatix develops high-tech software that simulates how natural light behaves in the real world.

hField Technologies, Inc.

Co-founder CEO, CTO

August 2003 - January 2010 (6 years 6 months)

Bethlehem, PA

hField Technologies is a WiFi software and equipment company and maker of "The Wi-Fire". Called "a souped-up wireless connection" by the New York Times, the Wi-Fire adapter allows computer users to connect to WiFi access points at vastly improved distances and speeds.

KPMG

Summer Associate

June 2006 - August 2006 (3 months)

Employed in Information Risk Management Department

Department of State

Summer Intern

June 2005 - August 2005 (3 months)

Vienna

System Administrator (Sysadmin) in Information Systems Office (ISO) for the three US Missions to Vienna, Austria: Bilateral, UN, and OSCE

# Education

Lehigh University

MS, Masters in Mechanical Engineering · (2006 - 2007)

Lehigh University

Page 7 of 8

BS, Integrated Business and Engineering / Computer Engineering · (2002 - 2007)

Université de Technologie de Compiègne 1st Year - Tronc Commun, Informatique · (2001 - 2002)

Trinity High School Concentration in Sciences · (1997 - 2001)

Page 8 of 8

**Attachment 11:** `document_11.pdf`

Contact

www.linkedin.com/in/harry-kloor-0677491a (LinkedIn)

Top Skills

Strategic Planning

Public Speaking

Project Management

Certifications

Certified Diver

Numerous Martial Arts Degrees

# Harry Kloor

CEO and CoFounder at Beyond Imagination Inc - Robotic AI
Humanoid Robotics Company
Burbank, California, United States

## Experience

Beyond Imagination, Inc.

CEO and CoFounder

January 2018 - Present (5 years 2 months)

Greater Los Angeles Area

This company is building commercial medical and general purpose robotic avatars that will erase locality, and enable anyone to go anywhere and do anything. We have world class team of the greatest minds in the world coming together to create product that will bring opportunity and services to everyone around the world.

Entertaining Solutions Consulting

CEO and co-founder

January 2012 - Present (11 years 2 months)

Software and hardware company whose mission is to maximize and monitor each individual's resources

Jupiter 9 Productions

Writer, Producer, Director

January 1994 - Present (29 years 2 months)

Caricord and Stem CC

Chief Scientist and Co-Founder

January 2014 - January 2019 (5 years 1 month)

This stemcell company was successfully acquired, and I have exited from this company in a great way.

XPRIZE

Bold Innovator Avatar Xprize - Creator of this Prize

May 2016 - November 2016 (7 months)

Greater Los Angeles Area

I came in and created and developed Avatar XPRIZE. This prize was voted to become next XPRIZE at VIssioneering Event 2016. I then raised the funds from ANA for both the 10 million dollar prize and its operations.

Page 1 of 2

Singularity University

Founding Team Member, Media Advisor, Part time Lecture 2009/2010

April 2008 - January 2013 (4 years 10 months)

XPRIZE

Chief Science Advisor and Media Consultant

May 2000 - January 2008 (7 years 9 months)

## Education

Purdue University

Doctor of Philosophy (Ph.D.) Chemistry and Doctor of Philosophy (Ph.D.)

Physics , Chemistry and Physics · (1988 - 2004)

Page 2 of 2

**Attachment 12:** `document_12.pdf`

Contact

www.linkedin.com/in/jbfintech
(LinkedIn)
www.big-cu.com (Company)

Top Skills

Vendor Management
Disaster Recovery
Banking

Languages

German

# John Best

Co-Founder/CEO at Best Innovation Group
Colorado Springs, Colorado, United States

## Summary

Recognized as a thought leader and visionary of technology advancements and financial application development within the credit union industry. Requests for speaking engagements include Symitar national and regional conferences, Information Technologies Credit Union Association annual conference, and CUNA Technology Council, CUNA Marketing Council, CUNA lending Council Filene Water Cooler Annual Symposium and Correlation annual meeting as a keynote speaker.

## Experience

Best Innovation Group

Founder/CEO

March 2014 - Present (9 years)

Colorado Springs, Colorado Area

Positioned as an innovation thought leader and Credit Union integration specialist, BIG will "unlock the ultimate member experience" by finding the most innovative technology and applying it to the right channels. BIG will also help create unique business partnerships with up-and-coming companies that will be leaders in these new spaces while attracting top talent to be the next generation of technology professionals at their member credit unions.

Beyond Imagination, Inc.

Chief Digital Officer

March 2020 - Present (3 years)

This company is building commercial medical and general purpose robotic avatars that will erase locality, and enable anyone to go anywhere and do anything. We have world class team of the greatest minds in the world coming together to create product that will bring opportunity and services to everyone around the world.

Coro Global Inc.

CTO

October 2018 - March 2020 (1 year 6 months)

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CTO at Coro Global Inc., a publicly-traded FinTech company (OTC: CGLO). During Q2 of 2020, Coro will launch a global payment application, allowing users to send and receive USD and gold faster, cheaper and more securely. Coro will run on hashgraph, the world's most secure distributed ledger technology.

Wescom Resources Group
CTO
2003 - March 2014 (11 years)

GTE Federal Credit Union
Vice President Ebusiness
2001 - 2003 (2 years)

# Education

University of Phoenix
Bachelor of Science (B.S.), Computer Science · (2002 - 2004)

Patch High School

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**Attachment 13:** `document_13.pdf`

# Beyond Imagination - Wefunder Risks

Identified Risks for SEC Disclosure Documents

Version 04

2023-01-26

Fourth Draft

You should carefully consider the risks described here together with the other information set forth in this document, which could materially affect our business, financial condition and future results. The risks described below are not the only risks facing our company. Risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and operating results.

Disclosures already included on our page:

1. We are developing both hardware and software systems. These sometimes encounter delays due to unanticipated complexities in implementation. The amount of time required to fully implement and test features can sometimes be more than originally anticipated, due to factors both within and outside of the company's control. We may not be able to engage suppliers for the components in a timely manner, at an acceptable price or in the necessary quantities. We will also need to do extensive testing to ensure that our products meet regulatory requirements, and re-work the products if initial testing fails. We have limited resources and, to the extent that such engineering and manufacturing resources are devoted to the design and production of one particular subsystem or are otherwise engaged such as in development services activities, we may have difficulty designing and delivering new models in a timely manner.
2. Hardware development and delivery depends on reliable supply chains whose production capacity and delivery timetables are not within our control. We may experience delays due to shipping issues, political issues or renewed pandemic-related production problems, domestically or overseas. And some components may only be available from a limited number of suppliers, which may affect the delivery times, volumes and/or costs of such components. While we believe that we may be able to establish alternate supply relationships and can obtain or engineer replacement components for our single source components, we may be unable to do so in the short term, or at all, at prices or costs that are favorable to us. In particular, while we believe that we will be able to secure alternate sources of supply for most of our single sourced components in a relatively short time frame, qualifying alternate suppliers or developing our own replacements for certain highly customized components may be time consuming, costly and may force us to make additional modifications to a robot's design.

3. Our "robots as a service" model relies on the ability of our partners to meet their commitments related to time, money and market development. If they should fall short, our results may be impacted.
4. Our products are being developed in collaboration with technology suppliers of highly sophisticated products such as compute modules and communication devices. If a major security flaw is discovered in such products, our ability to perform timely deliveries or collect data in a safe and confidential manner may be compromised temporarily.
5. 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.
6. Bill Fisher is currently a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.
7. 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.

New items we want to add:

1. High startup costs: Developing hardware products can be expensive, and the costs of prototyping, manufacturing, and testing can add up quickly. As described in detail elsewhere in this document, costs can be impacted both by internal actions and by external forces not within the company's reasonable control and not always possible to anticipate in advance.
2. Limited scalability: Hardware businesses may face challenges scaling up production to meet demand. Although early deliveries can be built one at a time, eventually the company will need to work with an external manufacturing partner to achieve anticipated reductions in both BOM costs and labor costs. Although the company will take care to establish long-term commitments with key suppliers, it is possible that some suppliers might fail to meet their commitments and cause the company to delay or find alternative sources for the affected materials.
3. Economic Downturns or Reduced Client Spending Budgets Could Impact the Company's Business: If overall demand for products and solutions decreases, whether due to general economic conditions or a shift in client buying patterns, the company's revenue and profit could be impacted.
4. Intellectual property risks: Hardware companies may face risks related to patent infringement or other intellectual property issues. The company currently has eight issued US patents and a number pending in other countries. Should any of these pending

applications be denied or significantly curtailed, that could reduce the value of those patented ideas in the affected regions of the world. Even with such patents, it is possible that the company will not be able to use them to effectively defend its business interests against motivated competitors. Additionally, it is possible that competitors will be granted patents that constrain what the company can do and require licensing of key intellectual property, at a cost that is difficult to estimate accurately.

5. Complex regulatory environment: Hardware businesses may need to navigate a complex regulatory environment, including safety, environmental, and compliance regulations. Such regulations include hardware compliance issues, such as FCC electromagnetic interference standards and UL electrical standards, and legal compliance issues, such as European and American information handling regulations (GDPR, CCPA and HIPAA). They may also include market-specific regulatory issues, such as FDA regulation of devices used in medical facilities. Approval time frames are unpredictable, and sometimes issues arise that require resubmissions or even changes to designs in order to achieve approval from various agencies. Approvals must be sought in each market where the product is intended to be sold, so this can require significant time and effort from regulatory-focused personnel on the team. To the extent the laws change, some or all of our robots may not comply with applicable international, federal, state or local laws, which would have an adverse effect on our business. Compliance with changing regulations could be burdensome, time consuming, and expensive. To the extent compliance with new regulations is cost prohibitive, our business, prospects, financial condition and operating results will be adversely affected. Similarly, we may face challenges in managing environmental and sustainability issues, such as waste management, energy usage, and emissions, which can affect the reputation of the business.

6. Difficulty in predicting demand: We may face difficulty in predicting demand for our products, which can make it difficult to plan production and inventory. Manufacturing time and quantity commitments must typically be formalized a significant time in advance of actual manufacturing, and the market conditions and competitive landscape may change during that time, affecting the number of units that can be produced and that can be sold. This inability to forecast may affect the company's per-unit costs, which in turn may cause a reduction in profitability or require the company to increase prices.

7. Difficulty in securing funding: Hardware companies may have a difficult time securing funding from investors, as hardware projects can be perceived as riskier than software projects. Even though this company is a hybrid of software and hardware products, some of its key products do involve the development, delivery and ongoing maintenance of physical electromechanical products. This can create a perception of risk among some potential investors.

8. Limited distribution channels: Hardware companies may face challenges in finding and working with distributors and retailers to get their products in front of customers. The company's current business plan calls for working with value-added resellers (VARs) and other similar partners, and demonstrates that at least one VAR is interested in negotiating to represent the company in a desirable vertical market. However, there is no guarantee that the company will be able to find other VARs who are interested in other markets, which will

be necessary if the company is to achieve its long-term growth objectives. Changes in the business condition (financial or otherwise) of VARs and other ecosystem partners could subject the company to losses and affect its ability to bring its products to market. As the company moves into new areas, ecosystem partners may be unable to keep up with changes in technology and offerings, and the company may be unable to recruit and enable appropriate partners to achieve anticipated ecosystem growth objectives. In addition, the failure of ecosystem partners to comply with all applicable laws and regulations may prevent the company from working with them and could subject the company to losses and affect its ability to bring products to market.

10. Difficulty in building a strong brand: all startups face challenges with building unique and highly recognizable brands that customers want. With cutting-edge products for which there is no pre-established market, as is the case for this company, this task also requires that the company spend time and allocate marketing resources focused on educating potential customers about the value of its products, and then creating purchasing desire on the part of those customers. There is no guarantee that the company's efforts in this area will be successful. Additionally, there can be no assurance that we will be able to design future robots that will meet the expectations of our customers or that our future models, including partially and fully autonomous robots, will become commercially viable.

11. High return and warranty costs: Hardware businesses may face high costs associated with returns and warranties, which can eat into profits. The company intends to bundle a maintenance agreement with each sale. The precise terms of such an agreement have not been established. It is possible that the company's costs in servicing such an agreement will exceed its revenues derived from the agreement, either in the short or long term. Should the company's hardware products prove to require substantial ongoing maintenance in excess of the budgeted amounts, such costs could significantly impact profitability. We have very limited experience servicing our robots to date, since we are still in a prototype phase. Additionally, we may not be able to open service facilities near to all customers, which may result in increased support costs if we need to transport either robots or personnel frequently as part of our maintenance efforts. If we are unable to address the service requirements of our customers in a timely and cost-effective manner, our business will be materially and adversely affected.

12. Difficulty in adapting to changing technology: Technology companies may face challenges in keeping up with new technologies and trends in the industry. The company cannot be certain that new developments, whether it is aware of them or not, will not have a materially adverse impact on the competitiveness of the company's products. As technologies change in the future for robots and AI in general and commercial robots specifically, we will be expected to upgrade or adapt our products and introduce new models in order to continue to provide products with the latest technology and meet customer expectations. To date, we have limited experience simultaneously designing, testing, manufacturing, upgrading, adapting and selling our products.

13. Difficulty in hiring skilled workers: Technology companies may have a difficult time hiring and retaining skilled workers, such as engineers and software developers. The market for highly talented individuals fluctuates significantly from year to year, and prevailing rates of

pay may from time to time exceed the company's target budgets for the personnel that it needs in order to operate at peak effectiveness. Regional differences also play a role in the ability to hire and retain personnel. The company may find that it has difficulty securing skilled workers in the places where it has established offices, and may either need to move employees from other locations or establish offices in additional locations where particular skill sets are more plentiful. This could potentially increase the company's operating expenses. Additionally, none of our key employees is bound by an employment agreement for any specific term, and we do not have "key person" life insurance policies covering any of our officers or other key employees. We may also encounter challenges in managing human resources as we grow rapidly, such as hiring and training employees or handling personnel issues, which can limit growth and productivity.

14. Difficulty in forecasting costs: Technology companies may have difficulty forecasting costs, which can make it difficult to plan budgets and allocate resources. Costs of supplies may vary for many reasons, and the company may be unable to meet its cost targets, resulting in either reduced profitability or a need to increase prices. As a result, we may fail to meet our publicly announced guidance or other expectations about our business, which would cause our stock price to decline.
15. Difficulty in protecting trade secrets: Hardware companies may face challenges in protecting trade secrets, since physical products can be reverse-engineered and copied. United States law provides some protection against reverse engineering, in theory, but there is no guarantee that the company, even if made aware of potentially infringing actions, will be able to secure effective legal remedies. Further, competitors may develop alternative designs that are competitive with the company's offerings but do not infringe the company's rights.
16. Difficulty in creating a sustainable business model: Technology companies may struggle to create sustainable business models that can generate enough revenue to cover costs and support growth. You must consider our business and prospects in light of the risks, uncertainties and difficulties we encounter as we implement our business model. For instance, we will need to persuade customers, suppliers and regulators of the validity and sustainability of our business model. We cannot be certain that we will be able to do so, or to successfully address the risks, uncertainties and difficulties that our business strategy faces. Any failure to successfully address any of the risks, uncertainties and difficulties related to our business model would have a material adverse effect on our business and prospects. Likewise, if we are unable to design, develop, market and sell new robots and services that address additional market opportunities, our business prospects and operating results will suffer.
17. Difficulty in expanding to international markets: Technology companies may face challenges in expanding to international markets due to different regulations, customs, and cultural preferences. Market demand for specific products may differ, and products may need to be customized to address market-specific needs in a manner which raises the company's overall costs or limits it ability to take advantage of economies of scale. The cost of running business at a distance may be higher than that in the company's home country, constraining margins. Delivery timetables may be extended, resulting in increased uncertainty as to the

timing of revenues on an ongoing basis. Language differences may increase costs due to the need to translation of some materials, including software, to support local languages. Some languages are more challenging to support than others, especially those with alphabets dramatically different from those in the company's home country. Currency exchange rates will also play an uncertain role in the company's ability to profit from international sales, and may either increase or decrease profitability in a hard-to-predict manner. Trade restrictions, tariffs, trade disputes and price or exchange controls may affect our ability to operate in certain markets.

21. Difficulty in maintaining product quality: Technology companies may struggle to maintain consistent product quality, which can lead to customer dissatisfaction, negative market perceptions of the product, increased support costs, or returns. Similarly, a failure by our suppliers to provide the components in a timely manner or at the level of quality necessary to manufacture our products could also cause customer dissatisfaction, negative market perceptions of the product, increased support costs, or returns.

31. Difficulty in securing contracts: Technology companies may have a difficult time securing contracts with large companies or government agencies, which can limit long-term revenue potential. The company's potential customers include governmental entities within and outside the U.S., including the U.S. Federal Government and state and local entities. Potential agreements with these customers may be subject to periodic funding approval. Funding reductions or delays could adversely impact public sector demand for our products and services. Also, some such agreements may contain provisions allowing the customer to terminate without cause and providing for higher liability limits for certain losses.

32. Difficulty in managing cash flow: Technology companies may face challenges in managing cash flow and maintaining financial stability, especially during periods of high growth or expansion. This is especially a concern if there are issues with acquiring funding through anticipated additional funding rounds.

33. Difficulty in managing relationships with partners: Technology companies may have a hard time managing relationships with partners as they grow rapidly, such as suppliers and distributors, which can limit growth and profitability. We may not be able to identify adequate strategic relationship opportunities, or form strategic relationships, in the future. Strategic business relationships may be an important factor in the growth and success of our business. If we are unable to successfully source and execute on strategic relationship opportunities in the future, our overall growth could be impaired, and our business, prospects and operating results could be materially adversely affected. Moreover, identifying such opportunities could demand substantial management time and resources, and negotiating and financing relationships involves significant costs and uncertainties.

34. Difficulty in managing overall growth: Technology companies may have a hard time effectively managing overall growth, which can lead to oversaturation, burnout, and ultimately, failure. Any failure to manage our growth effectively could materially and adversely affect our business, prospects, operating results and financial condition. Risks that we face in undertaking our anticipated expansion include:
1. finding and training new personnel;
2. forecasting production and revenue;

3. controlling expenses and investments in anticipation of expanded operations;
4. establishing or expanding design, manufacturing, sales and service facilities;
5. implementing and enhancing manufacturing and administrative infrastructure, systems and processes;
6. addressing new markets; and
7. expanding international operations

41. Difficulty in managing product liability risks: We may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such claims. We may become subject to product liability claims, which could harm our business, prospects, operating results and financial condition. We face inherent risk of exposure to claims in the event our products do not perform as expected or malfunction resulting in personal injury or death. A successful product liability claim against us could require us to pay a substantial monetary award. Moreover, a product liability claim could generate substantial negative publicity about our products and business and inhibit or prevent commercialization of other future product candidates, which would have material adverse effect on our brand, business, prospects and operating results. Any lawsuit seeking significant monetary damages may have a material adverse effect on our reputation, business and financial condition. We may not be able to secure additional product liability insurance coverage on commercially acceptable terms or at reasonable costs when needed, particularly if we do face liability for our products and are forced to make a claim under our policy.
42. We may have difficulty satisfying safety requirements in different countries around the world where we plan to sell our products. We will need to comply with various safety regulations and requirements; it may be expensive or difficult to comply. We may experience difficulties in meeting all the criteria for device safety, which may delay our ability to deliver products in high volumes in certain jurisdictions.
43. We may encounter certain risks and uncertainties as we scale up production in later years, such as:

- that our suppliers will be able to deliver components on a timely basis and in the necessary quantities, quality and at acceptable prices to produce units in volume and reach our financial targets;
- that we will be able to realize cost savings over time, as expected, when quantities increase over time;
- that suppliers may actually increase prices, rather than reducing them, over time due either to internal business considerations or external forces such as raw material costs;
- that we will be able to complete any necessary adjustments to the robot design or manufacturing processes in a timely manner that meets our production plan and allows for high quality devices;
- that we will not encounter parts quality issues before, during or after production of the robots;
- that we will be able to schedule and complete deliveries at our planned volume production;

- that the equipment or tooling which we have purchased or which we select will be able to accurately manufacture robots within specified design tolerances and will not suffer from unexpected breakdowns or damage which could negatively affect the rate needed to produce robots in volume;
- that we will be able to comply with environmental, workplace safety and similar regulations to operate our manufacturing facilities and our business on our projected timeline;
- that we will be able to maintain high quality controls as we transition to a higher level of in-house manufacturing processes; and
- that our information technology systems will be effective in managing high volume production.

44. In the future, we may be required to incur substantial marketing costs and expenses to promote our products, including through the use of traditional media such as television, radio and print, even though our marketing expenses to date have been relatively limited as we have to date relied upon unconventional marketing efforts. If we are unable to keep our operating costs aligned with the level of revenues we generate, our operating results, business and prospects will be harmed.

45. Open-Source Software Risks: Certain of the company's offerings may incorporate or utilize open-source and other third-party software licensed with limited or no warranties, indemnification, or other contractual protections. Further, if open-source code that the company utilizes is no longer maintained, developed or enhanced by the relevant community of independent open-source software programmers, most of whom we do not employ, we may be unable to develop new technologies, adequately enhance our existing technologies or meet customer requirements for innovation, quality and price. Additionally, if the company is found to have made use of "copylefted" software (software released under GPL or comparable "free" licenses that obligate affected software to be released to the public) in a manner that is inconsistent with its license terms, it could be exposed to liability or forced to release proprietary internal software products to the market, compromising the company's intellectual property portfolio and reducing its competitiveness in the marketplace. It should be noted that the company has strong internal policies specifically directed at preventing such incidents and at ensuring that reasonable mitigation plans exist for remedying breaches of those policies; nevertheless, if despite the company's best efforts to prevent the use of such software it is found to have done so, the company's intellectual property, competitiveness and reputation in the marketplace would likely be harmed, resulting in the potential loss of business.

46. Cybersecurity and Privacy Considerations Could Impact the Company's Business: There are numerous and evolving risks to cybersecurity and privacy, including risks originating from intentional acts of criminal hackers, hacktivists, nation states and competitors; from intentional and unintentional acts of customers, contractors, business partners, vendors, employees and other third parties; and from errors in processes or technologies, as well as the risks associated with an increase in the number of customers, contractors, business partners, vendors, employees and other third parties working remotely as a result of the COVID-19 pandemic. Computer hackers and others routinely attack the security of

technology products, services, systems and networks using a wide variety of methods, including ransomware or other malicious software and attempts to exploit vulnerabilities in hardware, software, and infrastructure. Attacks also include social engineering and cyber extortion to induce customers, contractors, business partners, vendors, employees and other third parties to disclose information, transfer funds, or unwittingly provide access to systems or data. The company is at risk of security breaches not only of our own products, services, systems and networks, but also those of customers, contractors, business partners, vendors, employees and other third parties, particularly as all parties increasingly digitize their operations. Cyber threats are continually evolving, making it difficult to defend against such threats and vulnerabilities that can persist undetected over extended periods of time. The company's products, services, systems and networks, including cloud-based systems and systems and technologies that the company may maintain on behalf of its customers, are used in critical company, customer or third-party operations, and involve the storage, processing and transmission of sensitive data, including valuable intellectual property, other proprietary or confidential data, regulated data, and personal information of employees, customers and others. These products, services, systems and networks may also be used by customers in heavily regulated industries, either now or in the future, including those in the financial services, healthcare, critical infrastructure and government sectors. Successful cybersecurity attacks or other security incidents could result in, for example, one or more of the following: unauthorized access to, disclosure, modification, misuse, loss, or destruction of company, customer, or other third party data or systems; theft or import or export of sensitive, regulated, or confidential data including personal information and intellectual property, including key innovations in artificial intelligence, robotics, or other disruptive technologies; the loss of access to critical data or systems through ransomware, crypto mining, destructive attacks or other means; and business delays, service or system disruptions or denials of service. In the event of such actions, the company, its customers and other third parties could be exposed to liability, litigation, and regulatory or other government action, including debarment, as well as the loss of existing or potential customers, damage to brand and reputation, damage to our competitive position, and other financial loss. In addition, the cost and operational consequences of responding to cybersecurity incidents and implementing remediation measures could be significant. In the technology industry, security vulnerabilities are increasingly discovered, publicized and exploited across a broad range of hardware, software or other infrastructure, elevating the risk of attacks and the potential cost of response and remediation for the company and its customers. In addition, the fast-paced, evolving, pervasive, and sophisticated nature of certain cyber threats and vulnerabilities, as well as the scale and complexity of the business and infrastructure, make it possible that certain threats or vulnerabilities will be undetected or unmitigated in time to prevent or minimize the impact of an attack on the company or its customers. Cybersecurity risk to the company and its customers also depends on factors such as the actions, practices and investments of customers, contractors, business partners, vendors, the open-source community and other third parties, including, for example, providing and implementing patches to address vulnerabilities. Cybersecurity attacks or other catastrophic events resulting in disruptions to or failures in power, information

technology, communication systems or other critical infrastructure could result in interruptions or delays to company, customer, or other third-party operations or services, financial loss, injury or death to persons or property, potential liability, and damage to brand and reputation. Although company policies encourage taking significant steps to mitigate cybersecurity risk across a range of functions, such measures can never eliminate the risk entirely or provide absolute security. There is no assurance that there will not be cybersecurity incidents or vulnerabilities that will have a material adverse effect on the company in the future.

47. As we become a global enterprise, the regulatory environment with regard to cybersecurity, privacy and data protection issues will become increasingly complex and will continue to impact the company's business, including through increased risk, increased costs, and expanded or otherwise altered compliance obligations, including with respect to the increased regulatory activity around the security of critical infrastructure, connected devices, customer industries (e.g., financial services) and various customer and government supply chain security programs. As the reliance on data grows for the company and our clients, the potential impact of regulations on the company's business, risks, and reputation will grow accordingly. The enactment and expansion of cybersecurity, data protection and privacy laws, regulations and standards around the globe will continue to result in increased compliance costs, including due to an increased focus on international data transfer mechanisms driven by the European Court of Justice; increased cybersecurity requirements and reporting obligations; the lack of harmonization of such laws and regulations; the increase in associated litigation and enforcement activity by governments and private parties; the potential for damages, fines and penalties and debarment; and the potential regulation of new and emerging technologies such as artificial intelligence. Any additional costs and penalties associated with increased compliance, enforcement, and risk reduction could make certain offerings less profitable or increase the difficulty of bringing certain offerings to market or maintaining certain offerings.

1. The global data protection landscape is rapidly evolving, and implementation standards and enforcement practices are likely to remain uncertain for the foreseeable future. We may not be able to monitor and react to all developments in a timely manner. The European Union adopted the General Data Protection Regulation ("GDPR"), which became effective in May 2018, and California adopted the California Consumer Privacy Act of 2018 ("CCPA"), which became effective in January 2020. Both the GDPR and the CCPA impose additional obligations on companies regarding the handling of personal data and provides certain individual privacy rights to persons whose data is collected. Compliance with existing, proposed and recently enacted laws and regulations (including implementation of the privacy and process enhancements called for under the GDPR and CCPA) can be costly, and any failure to comply with these regulatory standards could subject us to legal and reputational risks.
2. Specifically, the CCPA establishes a privacy framework for covered businesses, including an expansive definition of personal information and data privacy rights for California consumers. The CCPA includes a framework with potentially severe

statutory damages for violations and a private right of action for certain data breaches. The CCPA requires covered businesses to provide California consumers with new privacy-related disclosures and new ways to opt-out of certain uses and disclosures of personal information. As we expand our operations, the CCPA may increase our compliance costs and potential liability. Some observers have noted that the CCPA could mark the beginning of a trend toward more stringent privacy legislation in the United States. Additionally, effective starting on January 1, 2023, the California Privacy Rights Act ("CPRA") will significantly modify the CCPA, including by expanding California consumers' rights with respect to certain sensitive personal information. The CPRA also creates a new state agency that will be vested with authority to implement and enforce the CCPA and the CPRA.

3. Other states have begun to propose similar laws. Compliance with applicable privacy and data security laws and regulations is a rigorous and time-intensive process, and we may be required to put in place additional mechanisms to comply with such laws and regulations, which could cause us to incur substantial costs or require us to change our business practices, including our data practices, in a manner adverse to our business. In particular, certain emerging privacy laws are still subject to a high degree of uncertainty as to their interpretation and application. Failure to comply with applicable laws or regulations or to secure personal information could result in investigations, enforcement actions and other proceedings against us, which could result in substantial fines, damages and other liability as well as damage to our reputation and credibility, which could have a negative impact on revenues and profits.

4. Most jurisdictions have enacted laws requiring companies to notify individuals, regulatory authorities and other third parties of security breaches involving certain types of data. Such laws may be inconsistent or may change or additional laws may be adopted. In addition, our agreements with certain customers may require us to notify them in the event of a security breach. Such mandatory disclosures are costly, could lead to negative publicity, penalties or fines, litigation and our customers losing confidence in the effectiveness of our security measures and require us to expend significant capital and other resources to respond to or alleviate problems caused by the actual or perceived security breach. Any of the foregoing could materially adversely affect our business, prospects, operating results and financial condition.

48. We may not be able to protect our source code from copying if there is an unauthorized disclosure. Source code, the detailed program commands for our operating systems and other software programs, is critical to our business. We take significant measures to protect the secrecy of large portions of our source code. If our source code leaks, we might lose future trade secret protection for that code. It may then become easier for third parties to compete with our products by copying functionality, which could adversely affect our revenue and operating margins. Unauthorized disclosure of source code also could increase security risks to the company.

49. Social media platforms present risks and challenges that could cause damage to our brand and reputation, and which could subject us to liability, penalties and other restrictive sanctions. Social media platforms present risks and challenges may in the future result in damage to our brand and reputation, and which could subject us to liability, penalties and other restrictive sanctions. Our internal policies and procedures regarding social media may not in the future be effective in preventing the inappropriate use of social media platforms, including blogs, social media websites and other forms of Internet-based communications. These platforms allow individuals access to a broad audience of consumers, investors and other interested persons. The considerable expansion in the use of social media over recent years has increased the volume and speed at which negative publicity arising from these events can be generated and spread, and we may be unable to timely respond to, correct any inaccuracies in, or adequately address negative perceptions arising from such coverage. The use of such platforms by our officers and other employees and former employees could in the future adversely impact our costs, and our brand and reputation, and could in the future result in the disclosure of confidential information, litigation and regulatory inquiries. Any such litigation or regulatory inquiries may result in significant penalties and other restrictive sanctions and adverse consequences. In addition, negative or inaccurate posts or comments about us on social media platforms could damage our reputation, brand image and goodwill, and we could lose the confidence of our customers and partners, regardless of whether such information is true and regardless of any number of measures we may take to address them.

50. Our future growth is dependent upon consumers' willingness to bring robots into their businesses or homes. Our growth is highly dependent upon adoption by end users of semi-autonomous and autonomous robots, and we are subject to an elevated risk of any reduced demand. If the market for such robots does not develop as we expect or develops more slowly than we expect, our business prospects, financial condition and operating results will be harmed. The market for such robots is relatively new, rapidly evolving, characterized by rapidly changing technologies, price competition, additional competitors, evolving government regulation and industry standards, and frequent new product announcements. Other factors that may influence the adoption of semi-autonomous and autonomous robots include:
- perceptions about robot quality, safety (in particular with respect to unintended actions and the harm that they could potentially create), design, performance and cost, especially if adverse events or accidents occur that are linked to the quality or safety of robots;
- perceptions about robot safety in general, in particular safety issues that may be attributed to the use of advanced technology, including sophisticated electronics, wireless communication technologies and artificial intelligence systems;
- negative perceptions of robots, such as that they are expensive or only affordable with government subsidies;
- the decline of a robot's working time resulting from deterioration over time in the battery's ability to hold a charge;

- concerns by potential customers that if their battery pack is not charged properly, it may become unusable and may need to be replaced;
- the availability of service;
- consumers' desire and ability to purchase a luxury product or one that is perceived as exclusive;
- the environmental consciousness of consumers;
- volatility in the cost of labor;
- government regulations and economic incentives promoting automation, if any;
- the availability of tax and other governmental incentives to purchase and operate robots or future regulation requiring increased use of such devices;
- macroeconomic factors.

51. Our limited operating history makes evaluating our business and future prospects difficult, and may increase the risk of your investment. You must consider the risks and difficulties we face as an early-stage company with a limited operating history. If we do not successfully address these risks, our business, prospects, operating results and financial condition will be materially and adversely harmed. We were formed in 2018 and are still pre-revenue, with projections showing that we will need to secure external funding in order to bring our products to market. It is difficult to predict our future revenue and appropriately budget for our expenses, and we have limited insight into trends that may emerge and affect our business. In the event that actual results differ from our estimates or we adjust our estimates in future periods, our operating results and financial position could be materially affected

52. Our products make use of lithium-ion battery cells, which in other products such as vehicles have been observed to catch fire or vent smoke and flame. Such events have raised concerns, and future events may lead to additional concerns, about the batteries used in electronic applications such as robotics. Additionally, we currently have a limited frame of reference by which to evaluate the long-term performance of our battery packs and have yet to perform studies of their performance over time.

53. Our success could be harmed by negative publicity regarding our company or our products. Once our products are released into the market, we expect various third parties to review and offer their opinions of our products to the public and to businesses. Some such third parties may not fully understand our products, or may not be independent, and may have vested interests in depicting our products as problematic, hard to use or unsuitable for certain tasks, and may therefore create negative perceptions about our products which we may be unable to effectively counteract. Such negative perceptions could impact our ability to sell our products.

54. Issues in the development and use of AI may result in reputational harm or liability. We are building AI as a core part of our robots, and we also intend to make certain AI-supported features available for our customers to use in solutions that they build. Our business plan calls for customers to generate training data sets for our AI, which will then be used in autonomous and semi-autonomous operations. We expect these elements of our business

to grow. We envision a future in which AI operating in our devices, applications, and the cloud helps our customers be more productive in their work and personal lives. As with many innovations, AI presents risks and challenges that could affect its adoption, and therefore our business. AI algorithms may be flawed. Datasets may be insufficient or contain biased information. Ineffective or inadequate AI development or deployment practices by us or others could result in incidents that impair the acceptance of AI solutions or cause harm to individuals or society. These deficiencies and other failures of AI systems could subject us to competitive harm, regulatory action, legal liability, including under proposed legislation regulating AI in jurisdictions such as the European Union (“EU”), and brand or reputational harm. Some AI scenarios present ethical issues. If we enable or offer AI solutions that are controversial because of their impact on human rights, privacy, employment, or other social, economic, or political issues, we may experience brand or reputational harm.

55. We may experience issues developing information technology systems, including implementing internally-developed systems, to assist us in the management of our business. In particular, our volume production of robots will necessitate the development, maintenance and improvement of information technology systems which include product data management, procurement, inventory management, production planning and execution, sales and logistics, VAR management, financial and regulatory compliance systems. The implementation, maintenance and improvement of these systems will require significant management time, support and cost. Moreover, there are inherent risks associated with developing such core systems, including the disruption of our data management, procurement processes, manufacturing execution, finance, supply chain and sales processes that may affect our ability to manage our data and inventory, procure parts or supplies or manufacture, sell and deliver products. We cannot be sure that these systems or their required functionality will be fully or effectively implemented on a timely basis, if at all, or maintained. If we do not successfully implement or maintain these systems, our operations may be disrupted and our operating results could be harmed. In addition, these systems or their functionality may not operate as we expect them to, and we may be required to expend significant resources to correct problems or find alternative sources for performing these functions.

56. Pre-orders for future products are likely to be partially or fully refundable to customers, and significant cancellations could harm our financial condition, business, prospects and operating results. Our business plan anticipates that we will receive a small number of initial orders relatively early in our development cycle; should these orders fail to materialize, or occur at prices lower than originally estimated, that could affect our ability to develop and deliver products as intended. There is a risk that customers that have made advance orders may not ultimately take delivery on robots due to potential changes in their preferences, competitive developments and other factors. Regulators could review our practice of taking advance payments and, if the practice is deemed to violate applicable law, we could be required to pay penalties, refund the advance payments stop accepting additional advance payments, and restructure certain aspects of our advance payment program. We intend to

use these funds for working capital and other general corporate purposes. Certain US or international jurisdictions may have specific laws which apply to advance payments; they could, for example require that advance payments or other payments received from residents must be placed in a segregated account until delivery of the product. Our inability to access these funds for working capital purposes could harm our liquidity.

57. If we are unable to effectively leverage the benefits of using an adaptable common platform architecture in the design and manufacture of future robots, our business prospects, operating results and financial condition would be adversely affected. Since our robots are a new and unique form of electromechanical product, past experience of our personnel or other companies in similar businesses is very limited. For various reasons, both known and unknown, we may be unable to capitalize on our planned efforts to leverage the use of common hardware and software components across our product lines.

58. We may encounter difficulties with our financing model due to unanticipated changes in market rates, or difficulty securing financing partners. Other companies may have internal financing departments or affiliated financing companies through which they can obtain preferential pricing better than that which our company is able to obtain. We do not plan offer “customary” discounts on our products. This may affect the competitiveness of our offerings compared to those of other companies in our business. We can provide no assurance that a third-party financing partner would be able or willing to provide the leasing services on terms that we have stated in our fundraising materials, or to provide financing at all. Furthermore, offering a leasing alternative to customers will expose us to risks commonly associated with the extension of credit. Credit risk is the potential loss that may arise from any failure in the ability or willingness of the customer to fulfill its contractual obligations when they fall due. Competitive pressure and challenging markets may increase credit risk through leases to financially weak customers, extended payment terms and leases into new and immature markets. This could have a material adverse effect on our business, prospects, financial results and results of operations.

59. Difficult economic conditions may negatively affect purchases of new technologies such as our robots. Periodic deterioration in the global financial markets and challenging conditions in the macroeconomic environment may negatively impact sales from time to time.

60. If we are unable to establish and maintain confidence in our long-term business prospects among businesses, analysts and within our industry, then our financial condition, operating results, business prospects and stock price may suffer materially. Our robots are highly technical products that require maintenance and support. If we were to cease or cut back operations, even years from now, buyers of our products from years earlier might have much more difficulty in maintaining their robots and obtaining satisfactory support. As a result, customers may be less likely to purchase our products now if they are not convinced that our business will succeed or that our operations will continue for many years. Similarly, suppliers and other third parties will be less likely to invest time and resources in developing

business relationships with us if they are not convinced that our business will succeed. These are just a few of the potential risk factors related to market confidence. Many such factors are largely outside our control, and any negative perceptions about our long-term business prospects, even if exaggerated or unfounded, would likely harm our business and make it more difficult to raise additional funds when needed.

61. We may need or want to raise additional funds and these funds may not be available to us when we need them. If we cannot raise additional funds when we need or want them, our operations and prospects could be negatively affected. If the costs for developing and manufacturing products exceed our expectations or if we incur any significant unplanned expenses or embark on or accelerate new significant strategic investments, we may need to raise additional funds through the issuance of equity, equity-related or debt securities or through obtaining credit from government or financial institutions. This capital will be necessary to fund our ongoing operations, continue research and development projects. We cannot be certain that additional funds will be available to us on favorable terms when required, or at all. If we cannot raise additional funds when we need them, our financial condition, results of operations, business and prospects could be materially adversely affected. Future issuance of equity or equity-related securities will dilute the ownership interest of existing stockholders and our issuance of debt securities could increase the risk or perceived risk of our company.

62. We may not succeed in maintaining and strengthening our brand, which would materially and adversely affect customer acceptance of our products. Our business and prospects are dependent on our ability to develop, maintain and strengthen our brand. Any failure to develop, maintain and strengthen our brand may materially and adversely affect our ability to sell the currently planned and future robots, and convince other suppliers to support our ecosystem. If we do not continue to establish, maintain and strengthen our brand, we may lose the opportunity to build a critical mass of customers. Promoting and positioning our brand will likely depend significantly on our ability to provide high quality products and maintenance and repair services, and we have very limited experience in these areas.

63. If our customers modify our robots or change the charging infrastructure with aftermarket products, the product may not operate properly, which could harm our business. Robot enthusiasts may seek to “hack” our robots to modify their performance, which could compromise safety systems or fundamentally alter the behavior of the device. Our robots will incorporate technologies designed to thwart or limit such unauthorized modifications, but we cannot guarantee that some end users will not be able to find workarounds for some of these safeguards. We have not tested, nor do we endorse, such changes or products. Nevertheless, adverse publicity resulting from such modifications could negatively affect our brand and harm our business, prospects, financial condition and operating results.

64. Our business may be adversely affected by union activities. Although none of our employees are currently represented by a labor union and we are not aware of any reasons to believe

that this will change in the near term, it is nevertheless possible that employees may join or seek recognition to form a labor union, or we may be required to become a union signatory. The mere fact that our labor force could be unionized may harm our reputation in the eyes of some investors and thereby negatively affect our stock price. Additionally, the unionization of our labor force could increase our employee costs and decrease our profitability, both of which could adversely affect our business, prospects, financial condition and results of operations.

65. Ineffective Internal Controls Could Impact the Company's Business and Operating Results: The company's internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud. Even effective internal controls can provide only reasonable assurance with respect to the preparation and fair presentation of financial statements. If the company fails to maintain the adequacy of its internal controls, including any failure to implement required new or improved controls, or if the company experiences difficulties in their implementation, the company's business and operating results could be harmed and the company could fail to meet its financial reporting obligations.

66. In order to facilitate operation of our products, we need to retain certain personal information about our customers and may be subject to various privacy and consumer protection laws. We intend to use our device's electronic systems to log information about each robot's condition, performance and use in order to aid us in providing customer service, including diagnostics, repair and maintenance, as well as to help us collect data regarding our customers' charge time, battery usage, and power efficiency habits and to improve our robots. Our customers may object to the processing of this data, which may negatively impact our ability to provide effective customer service and develop new products. Collection and use of our customers' personal information in conducting our business may be subject to federal and/or state laws and regulations in the United States and foreign jurisdictions, and such laws and regulations may restrict our processing of such personal information and hinder our ability to acquire new customers or market to existing customers. We may incur significant expenses to comply with privacy, consumer protection and security standards and protocols imposed by law, regulation, industry standards or contractual obligations. Although we intend to take steps to protect the security of our customers' personal information, we may be required to expend significant resources to comply with data breach requirements if third parties improperly obtain and use the personal information of our customers or we otherwise experience a data loss with respect to customers' personal information. A major breach of our network security and systems could have serious negative consequences for our businesses and future prospects, including possible fines, penalties and damages, reduced customer demand for our products, and harm to our reputation and brand.

67. We may be compelled to undertake product recalls, which could adversely affect our brand image and financial performance. Any product recall in the future may result in adverse publicity, damage our brand and adversely affect our business, prospects, operating results and financial condition. In the future, we may at various times, voluntarily or involuntarily, initiate a recall if any of our products or components prove to be defective or noncompliant with applicable safety standards. Such recalls, voluntary or involuntary, involve significant expense and diversion of management attention and other resources, which could adversely affect our brand image in our target markets and could adversely affect our business, prospects, financial condition and results of operations.

68. We may need to defend ourselves against patent or trademark infringement claims, which may be time-consuming and would cause us to incur substantial costs. Companies, organizations or individuals, including our competitors, may hold or obtain patents, trademarks or other proprietary rights that would prevent, limit or interfere with our ability to make, use, develop or sell our products or components, which could make it more difficult for us to operate our business. From time to time, we may receive inquiries from holders of patents or trademarks inquiring whether we infringe their proprietary rights. Companies holding patents or other intellectual property rights relating to battery packs, electric motors, sensors, vision systems, mobility devices, security or artificial intelligence systems may bring suits alleging infringement of such rights or otherwise asserting their rights and seeking licenses. In addition, if we are determined to have infringed upon a third party's intellectual property rights, we may be required to do one or more of the following:

1. cease selling, incorporating or using products that incorporate the challenged intellectual property;
2. pay substantial damages;
3. obtain a license from the holder of the infringed intellectual property right, which license may not be available on reasonable terms or at all; or
4. redesign our products

69. In the event of a successful claim of infringement against us and our failure or inability to obtain a license to the infringed technology, our business, prospects, operating results and financial condition could be materially adversely affected. In addition, any litigation or claims, whether or not valid, could result in substantial costs and diversion of resources and management attention. Additionally, we may face claims that our use of licensed technology infringes the rights of others. In that case, we may seek indemnification from our licensors under any license contracts with them. However, our rights to indemnification may be unavailable or insufficient to cover our costs and losses, depending on our use of the technology, whether we choose to retain control over conduct of the litigation, and other factors.

70. Our business will be adversely affected if we are unable to protect our intellectual property rights from unauthorized use or infringement by third parties. Any failure to protect our proprietary rights adequately could result in our competitors offering similar products, potentially resulting in the loss of some of our competitive advantage and a decrease in our

revenue which would adversely affect our business prospects, financial condition and operating results. Our success depends, at least in part, on our ability to protect our core technology and intellectual property. To accomplish this, we rely on a combination of patents, patent applications, trade secrets, including know-how, employee and third-party nondisclosure agreements, copyright laws, trademarks, intellectual property licenses and other contractual rights to establish and protect our proprietary rights in our technology. The protection provided by the patent laws is and will be important to our future opportunities. However, such patents and agreements and various other measures we take to protect our intellectual property from use by others may not be effective for various reasons, including the following:

1. our pending patent applications may not result in the issuance of patents;
2. our patents, if issued, may not be broad enough to protect our proprietary rights;
3. the patents we have been granted may be challenged, invalidated or circumvented because of the pre-existence of similar patented or unpatented intellectual property rights or for other reasons;
4. the costs associated with enforcing patents, confidentiality and invention agreements or other intellectual property rights may make aggressive enforcement impracticable;
5. current and future competitors may independently develop similar technology, duplicate our products or design new products in a way that circumvents our patents; and
6. our in-licensed patents may be invalidated or the holders of these patents may seek to breach our license arrangements.
7. Existing trademark and trade secret laws and confidentiality agreements afford only limited protection. In addition, the laws of some foreign countries do not protect our proprietary rights to the same extent as do the laws of the United States, and policing the unauthorized use of our intellectual property is difficult.

71. We may encounter difficulty securing copyrights or trademarks in some jurisdictions. If we cannot resolve any oppositions and thereby secure registered rights in these jurisdictions, our ability to challenge third party users of our marks will be reduced and the value of the marks representing our exclusive brand name in these countries will be diluted. Such actions could have a severe impact on our position in these jurisdictions.

72. Our facilities or operations could be damaged or adversely affected as a result of disasters or unpredictable events. If major disasters such as earthquakes, fires, floods, hurricanes, wars, terrorist attacks, computer viruses, pandemics or other events occur, or our information system or communications network breaks down or operates improperly, our headquarters and production facilities may be seriously damaged, or we may have to stop or delay production and shipment of our products.

73. Interruption or failure of our information technology and communications systems could impact our ability to effectively provide our services. We plan to outfit our robots and

control systems with services and functionality that utilize data connectivity to monitor performance and timely capture opportunities for cost-saving preventative maintenance. The availability and effectiveness of our services depend on the continued operation of information technology and communications systems, which we have yet to develop. Our systems will be vulnerable to damage or interruption from, among others, fire, terrorist attacks, natural disasters, power loss, telecommunications failures, computer viruses, computer denial of service attacks or other attempts to harm our systems. Our data centers could also be subject to break-ins, sabotage and intentional acts of vandalism causing potential disruptions. Some of our systems will not be fully redundant, and our disaster recovery planning cannot account for all eventualities. Any problems at our data centers could result in lengthy interruptions in our service. In addition, our devices are highly technical and complex and may contain errors or vulnerabilities, which could result in interruptions in our business or the failure of our systems.

1. 74. If our suppliers fail to use ethical business practices and comply with applicable laws and regulations, our brand image could be harmed due to negative publicity. Our core values, which include developing the highest quality robots and related products while operating with integrity, are an important component of our brand image, which makes our reputation particularly sensitive to allegations of unethical business practices. We do not control our independent suppliers or their business practices. Accordingly, we cannot guarantee their compliance with ethical business practices, such as environmental responsibility, fair wage practices, appropriate sourcing of raw materials, and compliance with child labor laws, among others. A lack of demonstrated compliance could lead us to seek alternative suppliers, which could increase our costs and result in delayed delivery of our products, product shortages or other disruptions of our operations. If we, or other manufacturers in our industry, encounter similar problems in the future, it could harm our brand image, business, prospects, financial condition and operating results.
2. 75. Our current and anticipated global operations subject us to potential consequences under anti-corruption, trade, and other laws and regulations. The Foreign Corrupt Practices Act ('FCPA') and other anti-corruption laws and regulations ('Anti-Corruption Laws') prohibit corrupt payments by our employees, vendors, or agents, and the accounting provisions of the FCPA require us to maintain accurate books and records and adequate internal controls. Most countries in which we operate also have competition laws that prohibit competitors from colluding or otherwise attempting to reduce competition between themselves. Despite our efforts, our employees, vendors, or agents may violate our policies. Our failure to comply with Anti-Corruption Laws or competition laws could result in significant fines and penalties, criminal sanctions against us, our officers, or our employees, prohibitions on the conduct of our business, and damage to our reputation.
3. 76. Concentration of ownership among our existing executive officers, directors and their affiliates may prevent new investors from influencing significant corporate decisions. As of December 9, 2022, our executive officers beneficially owned, in the aggregate,

approximately 59.24% of our outstanding shares of preferred and common stock (fully diluted). As a result, these stockholders will be able to exercise a significant level of control over all matters requiring stockholder approval, including the election of directors, amendment of our certificate of incorporation and approval of significant corporate transactions. This control could have the effect of delaying or preventing a change of control of our company or changes in management and will make the approval of certain transactions difficult or impossible without the support of these stockholders.

77. A majority of our total outstanding shares are held by insiders. The large number of shares eligible for public sale or subject to rights requiring us to register them for public sale could depress the market price of our common stock.

78. Certain provisions contained in our certificate of incorporation and bylaws, as well as provisions of Delaware law, could impair a takeover attempt. For example, our corporate governance documents include provisions limiting the liability of, and providing indemnification to, our directors and officers. As a Delaware corporation, we are also subject to provisions of Delaware law, including Section 203 of the Delaware General Corporation law, which prevents some stockholders holding more than 15% of our outstanding common stock from engaging in certain business combinations without approval of the holders of substantially all of our outstanding common stock. Any provision of our certificate of incorporation or bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our stockholders to receive a premium for their shares of our stock, and could also affect the price that some investors are willing to pay for our stock.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Beyond Imagination, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** DE

**Date of Organization:** 10-02-2017

**Physical Address:** 201 N. Hollywood Way Ste 204, Burbank, CA, 91505

**Issuer Website:** http://www.beomni.ai

**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:** 5.5% 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:** 50000

**Price per Security:** $1.00

**Method for Determining Price:** Pro-rated portion of the total principal value of $50,000; 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:** $50,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

**Description of Oversubscription:** As determined by the issuer

**Maximum Offering Amount:** $1,235,000.00

**Deadline to Reach Target Amount:** 04-30-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 8

**Total Assets (Most Recent Fiscal Year):** $4,074,383.00

**Total Assets (Prior Fiscal Year):** $3,818,070.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $528,130.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $1,302,778.00

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $250,057.00

**Short-Term Debt (Prior Fiscal Year):** $317,998.00

**Long-Term Debt (Most Recent Fiscal Year):** $624,980.00

**Long-Term Debt (Prior Fiscal Year):** $0.00

**Revenues/Sales (Most Recent Fiscal Year):** $0.00

**Revenues/Sales (Prior Fiscal Year):** $0.00

**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):** $-300,726.00

**Net Income (Prior Fiscal Year):** $-143,217.00

**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:** Beyond Imagination, Inc.

**Signature:** Harry Kloor

**Title:** CEO, Founder

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**Signature:** John Best

**Title:** CDO

**Date:** 02-09-2023

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**Signature:** William C. Fisher

**Title:** COO, Board Member

**Date:** 02-08-2023

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**Signature:** Harry Kloor

**Title:** CEO, Founder

**Date:** 02-08-2023