# EDGAR Filing Document

**Accession Number:** 0001969703
**File Stem:** 0001969703-23-000001
**Filing Date:** 2023-3
**Character Count:** 132620
**Document Hash:** 209fa005f8875eec9aadef61972d72b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001969703-23-000001.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001969703-23-000001

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevare Technologies, Inc.
- **CENTRAL INDEX KEY:** 0001969703
- **IRS NUMBER:** 881640813
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-32031
- **FILM NUMBER:** 23752407

**BUSINESS ADDRESS:**
- **STREET 1:** 100 ILLINOIS STREET
- **STREET 2:** SUITE 200
- **CITY:** ST. CHARLES
- **STATE:** IL
- **ZIP:** 60174
- **BUSINESS PHONE:** 6309235008

**MAIL ADDRESS:**
- **STREET 1:** 100 ILLINOIS STREET
- **STREET 2:** SUITE 200
- **CITY:** ST. CHARLES
- **STATE:** IL
- **ZIP:** 60174

### Attached PDF Documents

**Attachment 1:** `Elevare_Technologies.pdf`

# **UNITED STATES**
**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

# **FORM C**

UNDER THE SECURITIES ACT OF 1933

☑ Form C: Offering Statement
☐ Form C-U: Progress Update
☐ Form C/A: Amendment to Offering Statement
  ☐ Check box if Amendment is material and investors must reconfirm within five business days.
☐ Form C-AR: Annual Report
☐ Form C-AR/A: Amendment to Annual Report
☐ Form C-TR: Termination of Reporting

**Name of Issuer:**

ELEVARE TECHNOLOGIES, INC

**Legal Status of Issuer:**

**Form:**

CORPORATION

**Jurisdiction of Incorporation/Organization:**

DELAWARE

**Date of Organization:**

March 30, 2022

**Physical Address of Issuer:**

100 Illinois Street, Suite 200, St. Charles, IL 60184

**Website of Issuer:**

www.elevaretechnologies.com

**Is there a co-issuer?** ☐ Yes ☑ No

# **Name of intermediary through which the offering will be conducted:**

NETSHARES FINANCIAL SERVICES, LLC

# **CIK number of intermediary:**

0001805615

# **SEC file number of intermediary:**

008-70502

# **CRD number, if applicable, of intermediary:**

307532

**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:**

At the conclusion of the offering, the Issuer shall pay a fee of three point two percent (3.2%) of the amount raised in the offering to the intermediary.

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

The intermediary will not receive compensation in the form of securities.

# **Type of Security Offered:**

Class B Common Stock

# **Target number of securities to be offered:**

25,000 shares of Class B Common Stock

# **Price (or method for determining price):**

$10.00 per Share

# **Target offering amount:**

$250,000

# **Minimum Investment Amount:**

$500

**Oversubscriptions accepted:** ☑ Yes ☐

If yes, disclose how oversubscriptions will be allocated: ☐ Pro-rata basis ☑ First-come, first-served basis ☐ Other - provide a description:

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

$1,235,000

# **Maximum number of securities to be offered:**

123,500

# **Deadline to reach the target offering amount:**

October 1, 2023

**Disbursement from Escrow After Reaching the Target Offering Amount:** Once per Month or on a schedule as agreed upon between the Broker Dealer Intermediary and Issuer.

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.

# **Re-Confirmation of Subscription Process:**

After the Target Offering amount is met and the Offering has been active for 21 days, the Company may choose to close the Offering to access the funds held in escrow (the “Escrow Close”) from subscribed investors. Each time the Company may access invested funds held in the Escrow Account, all new investors who have subscribed since the prior Escrow Close will be notified by the Intermediary that subscribed investors will have until 48 hours prior to the next scheduled Escrow Close to cancel or reconfirm their investment. Investors will only be asked once to reconfirm or cancel their investment subscription.

# **Current number of employees:**

5

|  | As of January 31, 2023 |
| --- | --- |
| Total Assets | $791,397.04 |
| Cash & Cash Equivalents | -$24,635.59 |
| Accounts Receivable | $0 |
| Short-term Debt | $311,134.62 |
| Long-term Debt | $1,450,000.00 |
| Revenues/Sales | $20,755.85 |
| Cost of Goods Sold | $0 |
| Taxes Paid | $0 |
| Net Income | -$1,150,473.83 |

# **The jurisdictions in which the issuer intends to offer the securities:**

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Guam, 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, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virgin Islands, U.S., Virginia, Washington, West Virginia, Wisconsin, and Wyoming

# **SIGNATURE**

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.

ELEVARE TECHNOLOGIES, INC

Steven J. Beaman

(Signature)

STEVEN J. BEAMAN

CHIEF EXECUTIVE OFFICER

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 has been signed by the following persons in the capacities and on the dates indicated.

Steven J. Beaman

STEVEN J. BEAMAN

CHIEF EXECUTIVE OFFICER

March 7, 2023

(Date)

## **TABLE OF CONTENTS**

| FORM C OFFERING MEMORANDUM | 7 |
| --- | --- |
| BUSINESS AND ANTICIPATED BUSINESS PLAN | 16 |
| RISK FACTORS | 19 |
| OWNERSHIP AND CAPITAL STRUCTURE | 27 |
| MANAGEMENT DISCUSSION AND ANALYSIS | 30 |
| USE OF PROCEEDS | 32 |
| EXHIBIT A: FINANCIALS | 34 |
| EXHIBIT B: SUBSCRIPTION PROCESS | 46 |
| EXHIBIT C: BYLAWS | 59 |
| EXHIBIT D: ARTICLES OF INCORPORATION | 104 |

March 22, 2023

# **ELEVARE TECHNOLOGIES, INC.**

# **FORM C**

Up to $1,235,000 Shares of Class B Common Stock

$10.00 per Share

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

Elevare Technologies, Inc (“Elevare,” “Elevare Tech”, the “Company,” “we,” “us,” or “our”), is offering a minimum amount of $250,000 (the “Target Offering Amount”) and up to a maximum amount of $1,235,000 (the “Maximum Offering Amount”) of Class B Common Stock, 123,500 Shares at $10.00 per Share, par value $0.0001 per share (the “Securities”) on a best efforts basis as described in this Form C (this “Offering”). We must raise an amount equal to or greater than the Target Offering Amount by October 1, 2023 (the “Offering Deadline”). Unless we raise at least the Target Offering Amount by the Offering Deadline, no Securities will be sold in this Offering, all investment commitments will be cancelled, and all committed funds will be returned.

Potential purchasers of the Securities are referred to herein as “Investors” or “you”. The rights and obligations of Investors with respect to the Securities are set forth below in the section titled “The Offering and the Securities”. In order to purchase the Securities, you must complete the purchase process through our intermediary, Netshares Financial Services, LLC (the “Intermediary”). All committed funds will be held in escrow with North Capital Private Securities (the “Escrow Agent”) until the Target Offering Amount has been met or exceeded and one or more closings occur. Investors may cancel an investment commitment until up to 48 hours prior to the Offering Deadline, or such earlier time as the Company designates pursuant to Regulation CF, using the cancellation mechanism provided by the Intermediary.

Investment commitments will be represented by an issuance of shares of Common Stock, as further described below. Securities sold in this Offering will be deposited into an escrow account maintained by the Escrow Agent and will reflect each Investors’ beneficial interest in the Shares. Investment subscriptions may be accepted or rejected by us, in our sole and absolute discretion. We have the right to cancel or rescind our offer to sell the Securities at any time and for any reason. The Intermediary has the ability to reject any investment subscription and may cancel or rescind our offer to sell the Securities at any time for any reason.

# LEGEND

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 (the “SEC,” or the “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.

# FORM C - 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. The term “issuer” in these questions and answers includes any “co-issuer” jointly offering or selling securities with the issuer in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Securities Act Section 4A and Regulation Crowdfunding (§ 227.100 et seq.). Any information provided with respect to the issuer should also be separately provided with respect to any co-issuer.

If you are seeking to rely on the Commission’s temporary rules to initiate an offering between May 4, 2020, and February 28, 2021, intended to be conducted on an expedited basis due to circumstances relating to coronavirus disease 2019 (COVID-19), you will likely need to provide additional or different information than described in questions 2, 12, and 29. If you are seeking to rely on the Commission’s temporary Rule 201(bb) for an offering initiated between March 1, 2021, and August 28, 2022, you will likely need to provide additional or different information than described in questions 2 and 29. When preparing responses to such questions, please carefully review temporary Rules 100(b)(7), 201(aa), 201(bb), and 304(e) and tailor your responses to those requirements as applicable.

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: **Elevare Technologies, Inc.**

# **ELIGIBILITY**

**2.** **Elevare Technologies, Inc.** certifies that all of the following statements are true:

- 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. (For more information about these disqualifications, see Question 30 of this Question and Answer format).
- 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.
- The issuer has not made use of any written communication or broadcast script for testing the waters either (i) under the authorization of Rule 241 within 30 days of the initial filing of the offering statement, or (ii) under the authorization of Rule 206.

**3.** Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding? ☒ No

## **BAD ACTOR DISCLOSURE**

The Company is not subject to bad actor disqualifications under any relevant U.S. securities laws.

## **ONGOING REPORTING**

The Company 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 The Company's fiscal year covered by the report.

Once posted, the annual report can be found on the following site: www.investinelevare.com

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

1. The Company is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act;
2. The Company has filed, since its most recent sale of securities pursuant to this part, at least one annual report pursuant to this section and has fewer than 300 holders of record;
3. The Company has filed, since its most recent sale of securities pursuant to this part, the annual reports required pursuant to this section for at least the three most recent years and has total assets that do not exceed $10,000,000;
4. The Company or another party repurchases all of the securities issued in reliance on Section 4(a)(6) of the Securities Act, including any payment in full of debt securities or any complete redemption of redeemable securities; or
5. The Company liquidates or dissolves its business in accordance with state law.

Neither the Company nor any of its predecessors have previously failed to comply with the ongoing reporting requirement of Rule 202 of Regulation Crowdfunding.

## DIRECTORS/OFFICERS OF THE COMPANY

The directors and officers of the Company are listed below along with all positions and offices held and their principal occupation and employment responsibilities for the past three (3) years:

| Name | Positions and Offices Held at the Company | Principal Occupation and Employment Responsibility for the Past Three (3) Years | Dates of Service |
| --- | --- | --- | --- |
| Steven J. Beaman | Chief Executive Officer, Elevare Technologies, Inc. | Oversee, manage, and implement the development of web 3.0 technologies | 4/20/2022 to Present |
|  | Chief Executive Officer, White Thorne Holdings, Inc. | Strategy & Finance in developing an eco-system of startup businesses | 06/01/2016 to Present |
|  | Chief Executive Officer, The Society to Advance Financial Education, Inc. | Creation and presentation of content related to financial education | 04/01/2010 to 05/31/2016 |
| Chad Tongco | Chief Operating Officer, Elevare Technologies, Inc. | Development of web 3.0 technologies | 04/20/22 to present |
|  | President & Chief Operating Officer, White Thorne Holdings, Inc. | Operations & Business Development | 10/01/2021 to present |
|  | Founder & Chief Executive Officer Primaris Market Development | Principal Business Consultant | 05/01/2019 to 10/01/2021 |
| Frank X. Perissi | Chief Revenue Officer Elevare Technologies, Inc. | Responsible for Business Development and Revenue; Implementing strategies to enhance growth. | 01/01/2023 to present |
|  | President & CMO, Steele Financial Group | Responsible for daily operations and market development; Partner relationship manager | 06/01/2021 to 01/01/2023 |
|  | CEO & Board of Directors, Recharge Wellness | Oversee the management team and was key in executive level interaction with customers. Key decision maker regarding strategy | 08/01/2019 to 01/01/2023 |

| Name | Positions and Offices Held at the Company | Principal Occupation and Employment Responsibility for the Past Three (3) Years | Dates of Service |
| --- | --- | --- | --- |
| David Myers | Chief Financial Officer, Elevare Technologies, Inc | Responsible for establishing and managing the financial goals of the business as well as maintaining financial statements, analysis, budgeting, financial planning, and risk evaluation | 01/01/2023 to present |
|  | Managing Director, White Thorne Capital, LLC, | Responsible for establishing goals and objectives, both short-term and long-term, present reports on the company's performance on active and overdue accounts | 07/01/2022 to present |
|  | Relationship Manager, Tri Counties Bank | Responsible for the promotion of all commercial loan products and solicitation of new business and loan clients | 01/01/2022 to 07/2022 |
| Aleks Ratkovic | Chief Technology Officer, Elevare Technologies, Inc. | Development and execution of web3 technologies | 4/20/2022 to present |
|  | Founder and CEO, Capocode | Custom software development | 8/1/2013 to present |

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

# BIOGRAPHICAL INFORMATION

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

### **Steven Beaman Chairman and Chief Executive Officer**

Steve is a 30-year veteran of financial services beginning his career as a retail stockbroker for E.F. Hutton in 1985. Subsequently, he moved to institutional research by joining Zacks Investment Research in 1987. In 1989, he was recruited to Wharton Econometric Forecasting Associates (The WEFA Group) where he worked with the Fortune 500 on acquiring and implementing economic data, software, models, and econometric forecasting.

In 1991 Mr. Beaman co-founded Chicago Investment Analytics, ('CIA') which became widely respected as a premier provider of equity research. In 2000, CIA was acquired by Charles Schwab & Company. Since the acquisition of CIA by Charles Schwab, Mr. Beaman has engaged in private equity and private investing.

Mr. Beaman is the author of 'The American Dream Under Fire' and the author and producer of 'The Path to Prosperity,' a two volume 12-disk audio library on financial literacy. Mr. Beaman is a frequent television and radio guest discussing economics and finance.

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

### **Chad Tongco President and Chief Operating Officer**

Mr. Tongco began his career in the Healthcare Education industry serving in his family's company for 10 years while rising through the ranks and becoming Chief Operating Officer and eventually promoted to Chief Executive. In this role, Mr. Tongco led the company through a successful acquisition where he developed a passion for private equity and investing resources to small businesses.

Soon thereafter, Mr. Tongco served as a market president for a Cressey & Company portfolio entity which is now actively being managed by Vistria Group. Mr. Tongco holds certificates in Digital Strategy from Yale School of Management and Finance from Harvard Business School.

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

### **Frank X. Perissi Chief Revenue Officer**

Frank brings strategic C-Suite Executive experience with a formidable reputation for developing and implementing strong teams and systems designed to bring organizations to the next level. Recognized for delivering top revenue performance streamlined operations while ensuring 100% customer satisfaction. Extensive experience bringing leadership and organizations to the table without sacrificing the customer experience. Frank has served on several leadership and board level teams during his career. Frank is also heavily involved at the board level in his non-profit ventures that serves the community.

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

# **David Myers**  
**Chief Financial Officer**

David Myers brings with him over 8 years of financial analytics and experience to the leadership team.

Most recently, David spent the last year as the Managing Director of White Thorne Capital, LLC, a Private Equity group based out of Chicago, Illinois. During his time with White Thorne, David was responsible for establishing goals and objectives, both short-term and long-term, helped develop business plans and strategies, advise the CEO & COO on strategic issues, present reports on the company’s performance on active and overdue accounts. Led and oversaw the efforts in collections on accounts that had become delinquent, build relationships with external experts and agencies through networking, responsible for authoring all credit lending policies and procedures for the company.

Prior to his time at White Thorne, David spent a year as a Relationship Manager for Tri Counties Bank, where he sourced and funded over $20 million in new loans, all of which were new relationships to the Bank. Prior to this role, David started his finance career at Valley Republic Bank, where he spent 7 years holding various positions in commercial lending both on the Credit and Sales sides. During his time at VRB David excelled in both his understanding of deal growth and the importance of credit discipline, which earned him multiple promotions. He left the Bank holding an officer title of AVP and managing a loan portfolio over $70 million.

David attended Tabor College, Kansas, where he earned bachelor’s degree and an MBA. He enjoys spending time with his wife and 2 children, and currently resides in Dallas, Texas.

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

# **Aleks Ratkovic**  
**Chief Technology Officer**

Aleks leads an ongoing series of innovation initiatives that explore emerging technologies, assesses their application to the company’s business core principles and recommends new strategies and solutions. He is responsible for aligning technology related decisions with the overall organizational goals as well as internal project delivery standards.

In addition to staying hands-on with emerging technologies himself, Aleks provides direct oversight on each project from the initial kick-off meeting through completion. Along with managing projects, his duties also include building teams and executing product development. His goal is to ensure that all projects run smoothly, deliver business value, and exceed expectations.

Prior to joining Elevare Technologies, Aleks was and still is the Founder and CEO of Capocode, where he worked across a number of industries and focused on product innovation, application development, data center infrastructure and analytics, and user experience management. He is passionate about bringing a vision to reality. He has an entrepreneurial spirit and holds an M.B.A. from Florida Southern College where he played men’s soccer on a scholarship.

# **BUSINESS AND ANTICIPATED BUSINESS PLAN**

Elevare Technologies, Inc., is changing the way global business is done! We are developers of WEB 3.0 technologies to integrate with current WEB 2.0 applications and developers of digital twin custom meta-worlds. Just as the early internet searched to find form and function, so has WEB 3.0 and Elevare has found the keys to unlocking that potential. We are part of the transitioning economy that, according to McKinsey & Co., will be more than a $3,000,000,000,000 add on, and, according to CITI will be more like $14 trillion.

We have devoted our start up to launching our base technology! Founded in April of 2022, Elevare has devoted its start up period to launching The Eleverse (Elevare Digital Office), a digital meta-world that offers virtual offices, videoconferencing, an auditorium seating over 400 people for virtual conferencing, a Board Room with smart-board capabilities, and a main lobby suitable for digital networking. This a showcase of the powerful and disruptive technology built by Elevare. We enter 2023 in launch mode as our technology is now available for sale as either a White Label custom club or a fully custom digital twin for retailers, attorneys, and others.

# **OUR MISSION**

We exist to migrate business and consumers into the digital WEB 3.0 world. A frictionless, safe, and secure economy where technology is the driver behind productivity and economic growth. We believe the more society transitions to digital, the more comfortable and common it will become to live one's entire life in the virtual space.

# **KEYS TO SUCCESS**

Further development of the five differentiators

1. WEB delivery - increase speed and accessibility
2. Platform independence - increase reliability
3. Real-world feel - improve Avatars
4. Scalable - Continue building infrastructure
5. Transaction capable - further integration into Cosmos.network

Adoption by business

1. Develop brand through PR and SM
2. Integrate field sales for enterprise accounts
3. Create sales video's adaptable by White Label clients
4. Promote education within Elevare Tech's Club
5. Early adoption into existing networks (NFIB, Chambers, etc)

We are the next generation of software companies leading the way to V.a.a.S, (Virtual as a Service) not S.a.a.S (Software as a Service) and we are leading the charge into V-Commerce from E-Commerce.

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

## PRODUCTS AND SERVICES

We provide three types of integrations of our technology.

- A White Label wherein we simply brand our current internal club as the clients own;
- A Semi-custom where we tweak our current internal club for the clients' specific needs; and
- A Full-custom where we develop a digital twin for the clients (e.g., car dealers).

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

## WHAT IS METAVERSE

Metaverse is a virtual-reality space in which users can interact with a computer-generated environment and other users.

## SERVICE

We are digital so our service is digital. However, with our five differentiators, we believe we have a lead on the market and our service is best performed by enhancing the performance of our meta-world. Because we are WEB-BASED and NOT DOWNLOADED, improving the software is done in real time, as opposed to forcing patches and upgrades to the clients computer.

## COMPETITION

Presently, there are numerous theoretical competitors, but NONE has matched the five differentiators of Elevare.

- Meta - Cartoon, download, non-transaction friendly, non-scalable, not platform independent
- Virbela - Cartoon, download, non-transaction friendly, not platform independent
- Microsoft Teams - Video Conference only
- Google Meets - Video Conference only.

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

Elevare provides full digital offering rather than simple video conferencing. While we do have video, we also offer an AI assistant and a digital office for regular usage. Coming soon is access to a 400+ person auditorium and a Board Room, as well as networking space for 25+ people at a time

### **PRICING**

We have two components to our pricing model:

1. Development which begins at $5,000 for a White Label site to many millions
2. Hosting which begins at $500 per month for 50 users and goes up from there.

We have several components to our revenue model. These include:

1. Monthly Office Rental
2. White Label Office Complexes
3. Fully custom digital twins
4. We are anticipating revenue from advertising as well as commissions earned through the sale of 3rd party products.

The monthly office rental is being initiated at $1.00 per month per office and is expected to rise to $5.00 per month per office in June.

The White Label is expected to launch in June and will charge $1,500 per office.

The full custom digital twins are priced on a per project basis.

### **STRATEGY AND IMPLEMENTATION**

Our Strategy is clear, to pursue the integration of the digital economy and help all businesses around the globe migrate into it. The industrial economy is dead, the digital economy is the future.

### **ADVERTISING AND PROMOTION**

We are a digital business so social media and public relations will drive usership. We are planning a road-show to give speeches to Chambers of Commerce and other business meetings to spread the world of the digital economy.

### **MARKETING**

The Company is creating a self-marketing and self-selling engine through its metaverse known as The Eleverse. This virtual club for business incorporates video and other resources to motivate purchasers of the Company's V.a.a.S. products.

## **MARKET ANALYSIS**

- 68% of companies believe the metaverse will start booming within 5 years
- Almost 74% of brands in the metaverse have metaverse budgets exceeding 10%
- Ideal metaverse customer is extremely diverse (includes varying demographics, companies, and more)
- 52% of companies believe customers are ready for the metaverse

## **MARKET SEGMENTATION**

The TAM (Total Addressable Market) for virtual communication, metaverse, and video conferencing products are significant, as businesses and individuals around the world are increasingly turning to virtual communication and video conferencing to communicate remotely. It is predicted that the global video conferencing market size is expected to reach $13.5 billion by 2026 and a CAGR of 13.1% from 2021 to 2026. Moreover, the predicted market size of virtual and metaverse usage is expected to reach a total of $5 trillion by 2030. (www.mckinsey.com)

## **RISK FACTORS**

An investment in our Shares involves risks. In addition to other information contained elsewhere in this Form C, you should carefully consider the following risks before acquiring our Shares offered by this Form C. The occurrence of any of the following risks could materially and adversely affect the business, prospects, financial condition or results of operations of our Company, the ability of our Company to make cash distributions to the holders of Shares and the market price of our Shares, which could cause you to lose all or some of your investment in our Shares. Some statements in this Form C, including statements in the following risk factors, constitute forward-looking statements. See “Forward-Looking Statements Disclosure” below.

### **Risks Related to the Company’s Business and Industry**

#### **We have limited operating history, which makes our future performance difficult to predict.**

We have limited operating history. You should consider an investment in our Shares in light of the risks, uncertainties and difficulties frequently encountered by other newly formed companies with similar objectives. We have minimal operating capital and for the foreseeable future will be dependent upon our ability to finance our operations from the sale of equity or other financing alternatives. The failure to successfully raise operating capital, could result in our bankruptcy or other event which would have a material adverse effect on us and our Investors. There can be no assurance that we will achieve our investment objectives.

#### **Global crises such as COVID-19 can have a significant effect on our business operations and revenue projections.**

In December 2019, a novel strain of coronavirus, or COVID-19, was reported to have surfaced in Wuhan, China. COVID-19 has spread to many countries, including the United States, and was declared to be a pandemic by the World Health Organization. A widespread health crisis has adversely affected and could continue to affect the global economy, resulting in an economic downturn that could negatively impact the value of our Securities. The continued spread of COVID-19 has also led to severe disruption and volatility in the global capital markets, which could increase the Company’s cost of capital and

adversely affect its ability to access the capital markets in the future. It is possible that the continued spread of COVID-19 could cause a further economic slowdown or recession or cause other unpredictable events, each of which could adversely affect the Company's business, results of operations, or financial condition. The extent to which COVID-19 affects the Company's financial results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the COVID-19 outbreak and the actions to contain the outbreak or treat its impact, among others. Moreover, the COVID-19 outbreak has had and may continue to have indeterminable adverse effects on general commercial activity and the world economy, and the Company's business and results of operations could be adversely affected to the extent that COVID-19 or any other pandemic harms the global economy generally.

### **Our business could be negatively impacted by cyber security threats, attacks and other disruptions.**

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

### **Security breaches of confidential customer information, in connection with our electronic processing of credit and debit card transactions, or confidential employee information may adversely affect our business.**

Our business requires the collection, transmission and retention of personally identifiable information, in various information technology systems that we maintain and in those maintained by third parties with whom we contract to provide services. The integrity and protection of that data is critical to us. The information, security and privacy requirements imposed by governmental regulation are increasingly demanding. Our systems may not be able to satisfy these changing requirements and customer and employee expectations, or may require significant additional investments or time in order to do so. A breach in the security of our information technology systems or those of our service providers could lead to an interruption in the operation of our systems, resulting in operational inefficiencies and a loss of profits. Additionally, a significant theft, loss or misappropriation of, or access to, customers' or other proprietary data or other breach of our information technology systems could result in fines, legal claims or proceedings.

### **The Company is not subject to Sarbanes-Oxley regulations and may lack the financial controls and procedures of public companies.**

The Company may not have the internal control infrastructure that would meet the standards of a public company, including the requirements of the Sarbanes Oxley Act of 2002. As a privately-held (non-public) Company, the Company is currently not subject to the Sarbanes Oxley Act of 2002, and its

financial and disclosure controls and procedures reflect its status as a development stage, non-public company. There can be no guarantee that there are no significant deficiencies or material weaknesses in the quality of the Company's financial and disclosure controls and procedures. If it were necessary to implement such financial and disclosure controls and procedures, the cost to the Company of such compliance could be substantial and could have a material adverse effect on the Company's results of operations.

**We operate in a highly regulated environment, and if we are found to be in violation of any of the federal, state, or local laws or regulations applicable to us, our business could suffer.**

The Company is subject to a wide range of federal, state, and local laws and regulations. The violation of these or future requirements or laws and regulations could result in administrative, civil, or criminal sanctions against the Company, which may adversely impact the financial performance of the Company.

**Failure to adapt to technological changes may render our technology obsolete or decrease the attractiveness of our solutions to our customers.** Although we believe our current technology and processes will be suitable for operations well into the foreseeable future, if new industry standards and practices emerge, or if competitors introduce new solutions embodying new services or technologies, our technology and processes may become obsolete. Our future success will depend in part on our ability to:

- fully develop and enhance our smart technology;
- develop and potentially license new solutions and technologies that address the needs of our prospective customers; and
- respond to changes in industry standards and practices on a cost-effective and timely basis.

We must continue to enhance the features and functionality of our technology and product offerings. The effective performance, reliability and availability of our technology and product offerings are critical to our reputation and our ability to attract and retain users and customers. If we do not continue to make investments in product development and, as a result, or due to other reasons, fail to attract new and retain existing customers and investors, this could significantly decrease the value of our products and services to all customers and stakeholders. There can be no assurance that we will be successful in developing, marketing and selling new products and services that meet changing demands, that we will not experience difficulties that could delay or prevent the successful development, introduction, and marketing of these products and services, or that any new products and services and their enhancements will adequately meet the demands of the marketplace and achieve market acceptance.

We may experience defects and system failures with respect to our technology solutions, which would harm our business and reputation and expose us to potential liability. Further, the technology solutions underlying our products and services may in the future contain undetected errors or defects when first introduced or when new versions are released. In addition, we, or our customers, may experience difficulties in installing or integrating our technologies on platforms (such as iPhones and other smart phones) used by our customers. Defects in our technology solutions, errors or delays in development of our technology and products, or other difficulties could result in:

- interruption of business operations;
- delay in market acceptance;
- additional development and remediation costs;
- diversion of technical and other resources; and
- loss of customers.

**Competitors may develop and deploy superior technology and product offerings. We expect that current competition will intensify.** Barriers to entry are relatively minimal, and competitors can offer products and services at a relatively low cost. We must compete for a share of a set base of players. Several companies offer competitive solutions that compete with our products and services. We expect that additional companies will offer competing solutions on a stand-alone or combined basis in the future. Furthermore, our competitors may offer products or services that are superior to, or have greater market acceptance than, the solutions that we offer. If we are unable to compete successfully against our competitors and/or other products, we may fail.

# **We are increasingly dependent on information technology and expanding social media vehicles present new risks.**

The use of social media could cause us to suffer brand damage or information leakage. Negative posts or comments about us on any social networking website could damage our or our brands' reputations. Employees or others might disclose non-public sensitive information relating to our business through external media channels, including through the use of social media. The continuing evolution of social media will present us with new challenges and risks.

# **Risks Related to the Offering**

# **There can be no guarantee that the Company will reach its funding target from potential investors with respect to any Class or future proposed Class.**

Due to the start-up nature of the Company, there can be no guarantee that the Company will reach its funding target from potential investors with respect to any Class or future proposed Class. In the event the Company does not reach a funding target, it may not be able to achieve its investment objectives.

# **The Company's management may have broad discretion in how the Company uses the net proceeds of the Offering.**

Unless the Company has agreed to a specific use of the proceeds from the Offering, the Company's management will have considerable discretion over the use of proceeds from the Offering. An investor may not have the opportunity, as part of their investment in the Offering, to assess whether the proceeds are being used appropriately.

# **The Company has the right to limit individual Investor commitment amounts based on the Company's determination of an Investor's sophistication.**

The Company may prevent any Investor from committing more than a certain amount in this Offering based on the Company's determination of the Investor's sophistication and ability to assume the risk of the investment. This means that your desired investment amount may be limited or lowered based solely on the Company's determination and not in line with relevant investment limits set forth by the Regulation CF rules. This also means that other Investors may receive larger allocations of the Offering based solely on the Company's determination.

# **The Company has the right to extend the Offering Deadline.**

The Company may extend the Offering Deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Company attempts to raise the Target Offering Amount even after the Offering Deadline stated herein is reached. While you have the right to cancel your investment in the event the Company extends the Offering Deadline, if you choose to reconfirm your investment, your investment will not be accruing interest during this time and will simply be held until such time as the new Offering Deadline is reached without the Company receiving the Target Offering Amount, at which time it will be returned to you without interest or deduction, or the

Company receives the Target Offering Amount, at which time it will be released to the Company to be used as set forth herein. Upon or shortly after the release of such funds to the Company, the Securities will be issued and distributed to you.

### **The Company may also end the Offering early.**

If the Target Offering Amount is met after 21 calendar days, but before the Offering Deadline, the Company can end the Offering by providing notice to Investors at least 5 business days prior to the end of the Offering. This means your failure to participate in the Offering in a timely manner, may prevent you from being able to invest in this Offering - it also means the Company may limit the amount of capital it can raise during the Offering by ending the Offering early.

### **The Company has the right to conduct multiple closings during the Offering.**

If the Company meets certain terms and conditions, an intermediate close of the Offering can occur, which will allow the Company to draw down on the proceeds committed and captured in the Offering during the relevant period. The Company may choose to continue the Offering thereafter. Investors should be mindful that this means they can make multiple investment commitments in the Offering, which may be subject to different cancellation rights. For example, if an intermediate close occurs and later a material change occurs as the Offering continues, Investors whose investment commitments were previously closed upon will not have the right to re-confirm their investment as it will be deemed to have been completed prior to the material change.

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

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

### **There is no guarantee of a return on an Investor's investment.**

There is no assurance that an Investor will realize a return on their investment or that they will not lose their entire investment. For this reason, each Investor should read this Form C and all exhibits carefully and should consult with their attorney and business advisor prior to making any investment decision.

## **Risks Related to the Securities**

### **There is currently no trading market for our securities. An active market in which investors can resell their Shares may not develop.**

There is currently no public trading market for any Shares, and an active market may not develop or be sustained. If an active public or private trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your Shares at any price. Accordingly, you may have no liquidity for your Shares. Even if a public or private market does develop, the market price of the Shares could decline below the amount you paid for your Shares.

### **There may be state law restrictions on an Investor's ability to sell the Shares.**

Each state has its own securities laws, often called 'blue sky' laws, which (1) limit sales of securities to a state's residents unless the securities are registered in that state or qualify for an exemption from registration and (2) govern the reporting requirements for broker-dealers and stockbrokers doing business directly or indirectly in the state. Before a security is sold in a state, there must be a registration in place to cover the transaction, or it must be exempt from registration. We do not know whether our securities will be registered, or exempt, under the laws of any states. A determination regarding registration will be made by broker-dealers, if any, who agree to serve as the market-makers for our Shares. There may be significant state blue sky law restrictions on the ability of Investors to sell, and on purchasers to buy, our Shares. Investors should consider the resale market for our securities to be limited. Investors may be unable to resell their securities, or they may be unable to resell them without the significant expense of state registration or qualification.

### **State and federal securities laws are complex, and the Company could potentially be found to have not complied with all relevant state and federal securities law in prior offerings of securities.**

The Company has conducted previous offerings of securities and may not have complied with all relevant state and federal securities laws. If a court or regulatory body with the required jurisdiction ever concluded that the Company may have violated state or federal securities laws, any such violation could result in the Company being required to offer rescission rights to investors in such offering. If such investors exercised their rescission rights, the Company would have to pay to such investors an amount of funds equal to the purchase price paid by such investors plus interest from the date of any such purchase. No assurances can be given the Company will, if it is required to offer such investors a rescission right, have sufficient funds to pay the prior investors the amounts required or that proceeds from this Offering would not be used to pay such amounts. In addition, if the Company violated federal or state securities laws in connection with a prior offering and/or sale of its securities, federal or state regulators could bring an enforcement, regulatory and/or other legal action against the Company which, among other things, could result in the Company having to pay substantial fines and be prohibited from selling securities in the future.

### **The U.S. Securities and Exchange Commission does not pass upon the merits of the Securities or the terms of the Offering, nor does it pass upon the accuracy or completeness of any Offering document or literature.**

You should not rely on the fact that our Form C is accessible through the U.S. Securities and Exchange Commission's EDGAR filing system as an approval, endorsement or guarantee of compliance as it relates to this Offering. The U.S. Securities and Exchange Commission has not reviewed this Form C, nor any document or literature related to this Offering.

### **Neither the Offering nor the Securities have been registered under federal or state securities laws.**

No governmental agency has reviewed or passed upon this Offering or the Securities. Neither the Offering nor the Securities have been registered under federal or state securities laws. Investors will not receive any of the benefits available in registered offerings, which may include access to quarterly and annual financial statements that have been audited by an independent accounting firm. Investors must therefore assess the adequacy of disclosure and the fairness of the terms of this Offering based on the information provided in this Form C and the accompanying exhibits.

# **The Securities will not be freely tradable under the Securities Act until one year from the initial purchase date.**

Although the Securities may be tradable under federal securities law, state securities regulations may apply, and each Investor should consult with their attorney. You should be aware of the long-term nature of this investment. There is not now and likely will not ever be a public market for the Securities. Because the Securities have not been registered under the Securities Act or under the securities laws of any state or foreign jurisdiction, the Securities have transfer restrictions and cannot be resold in the United States except pursuant to Rule 501 of Regulation CF. It is not currently contemplated that registration under the Securities Act or other securities laws will be effected. Limitations on the transfer of the Securities may also adversely affect the price that you might be able to obtain for the Securities in a private sale. Investors should be aware of the long-term nature of their investment in the Company. Each Investor in this Offering will be required to represent that they are purchasing the Securities for their own account, for investment purposes and not with a view to resale or distribution thereof.

# **There is no present market for the Securities and we have arbitrarily set the price.**

The Offering price was not established in a competitive market. We have arbitrarily set the price of the Securities with reference to the general status of the securities market and other relevant factors. The Offering price for the Securities should not be considered an indication of the actual value of the Securities and is not based on our net worth or prior earnings. We cannot guarantee that the Securities can be resold at the Offering price or at any other price. Investors Purchasing the Securities will have limited rights.

# **A majority of the Company is owned by a small number of owners.**

Prior to the Offering, White Thorne Holdings Inc. beneficially owns 100% of outstanding voting Shares of the Company. This individual security holder may be able to exercise significant influence over matters requiring owner approval, including the election of directors or managers and approval of significant Company transactions, and will have significant control over the Company's management and policies. This individual security holder may have Shares that are different from yours. For example, this individual may support proposals and actions with which you may disagree. The concentration of ownership could delay or prevent a change in control of the Company or otherwise discourage a potential acquirer from attempting to obtain control of the Company, which in turn could reduce the price potential investors are willing to pay for the Company. In addition, this individual security holder could use his or her voting influence to maintain the Company's existing management, delay or prevent changes in control of the Company, or support or reject other management and board proposals that are subject to owner approval.

# **Investors purchasing the Securities in this Offering may be significantly diluted as a consequence of subsequent financings.**

The Securities offered will be subject to dilution. The Company may issue additional equity to employees, third-party financing sources, and other investors, and as a consequence holders of Securities will be subject to dilution in an unpredictable amount. Such dilution may reduce an investor's control and economic interests in the Company. The amount of additional financing needed by Company will depend upon several contingencies not foreseen at the time of this offering. Each such round of financing (whether from the Company or other investors) is typically intended to provide the Company with enough capital to reach the next major corporate milestone. If the funds are not sufficient,

Company may have to raise additional capital at a price unfavorable to the existing investors, including the purchaser. The availability of capital is at least partially a function of capital market conditions that are beyond the control of the Company. There can be no assurance that the Company will be able to predict accurately the future capital requirements necessary for success or that additional funds will be available from any source. Failure to obtain such financing on favorable terms could dilute or otherwise severely impair the value of the purchaser's Company securities.

# **We arbitrarily determined the price of the Securities and such price which may not reflect the actual market price for the Securities.**

The Offering of Securities at $10.00 per interest by us was determined arbitrarily and the current, estimated valuation of the Company arising from such price per interest in this Offering is $18,000,000. The price is not based on our financial condition and prospects, market prices of similar securities of comparable publicly traded companies, certain financial and operating information of companies engaged in similar activities to ours, or general conditions of the securities market. The price may not be indicative of the market price, if any, for the Securities. The market price for the Securities, if any, may decline below the price at which the Securities are offered. Moreover, recently the capital markets have experienced extreme price and volume fluctuations which have had a negative effect impact on smaller companies, like us.

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

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

# **THE OFFERING AND THE SECURITIES**

## **THE OFFERING**

The Company is currently seeking to raise funding of up to $1,235,000 through the sale of up to 123,500 shares of Class B Common Stock, based on a valuation of $18,000,000. This funding will allow Elevare Tech to bring global business into the new digital era by creating a real-world metaverse capability integrated with full economic and social processes.

### **OWNERSHIP AND CAPITAL STRUCTURE Principal Holders of Outstanding Securities**

| Name of Holder | Class of Shares | Number of Shares Held Prior to Offering | Percentage (%) of Class of Shares Held Prior to Offering | Percentage (%) of Voting Power Prior to Offering |
| --- | --- | --- | --- | --- |
| White Thorne Holdings, Inc | Class A Common Stock | 800,000 | 100% | 100% |
| Multiple Investors | Class B Common Stock | 884,500 | 100% | 0% |
| NOTE: There are warrants and options equaling 75,000 shares issued to Frank Perissi the Chief Revenue Officer |  |  |  |  |

## **Classes of Securities of the Company**

Elevare Technologies, Inc. ('Elevare,' 'Elevare Tech', the 'Company,' 'we,' 'us,' or 'our'), is offering a minimum amount of $250,000 (the 'Target Offering Amount') and up to a maximum amount of $1,235,000 (the 'Maximum Offering Amount') of 123,500 Shares at $10.00 per Share, par value $0.0001 per share (the 'Securities') on a best efforts basis as described in this Form C (this 'Offering'). The Offering will be terminated no later than October 1, 2023 (the 'Offering Deadline'). The Company has 3,000,000 authorized Shares of Common Stock of which 800,000 are Class A, and 2,200,000 are Class B. As of the date of this Offering, 800,000 Shares of Class A Common Stock were issued and outstanding and 884,500 Shares of Class B Common Stock were issued and outstanding in the Company. 100% of the issued Class A shares prior to the Offering are issued to White Thorne Holdings, Inc., and 100% of the issued Class B shares prior to the Offering are issued to multiple investors.

The Company is offering 123,500 Shares at $10.00 per Share, par value $0.0001 per share (the 'Securities') on a best efforts basis. Assuming Maximum Proceeds are raised, there will be 1,008,000 Class B Common Shares issued in the Company with the Shares sold through this Offering equaling 6.83% ownership of issued Shares in the Company post offering. The Class B Shares sold are Common Shares that have no voting rights within the Company.

**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?**

No dilution caused to any other class

**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?**

Valuation is based on pro-forma statements; tech startup valuations; market opportunity

### **Outstanding Capital Stock:**

As of the date of this Form C, the Company's outstanding capital shares consists of:

| Type | Class A and Class B Common Stock |
| --- | --- |
| Amount Outstanding | Class A (800,000) and Class B (884,500) |
| Voting Rights | Class A has 100% of the voting rights. Class B Common Stock shall have no voting rights |
| Anti-Dilution Rights | None |
| How this security may limit, dilute or qualify the Share issued pursuant to Regulation CF | None |
| Percentage ownership of the Company by the holder of such security (assuming conversion prior to the Offering if convertible securities) | 0.00001% |

**What are the risks to purchasers associated with corporate actions (including additional issuance, related party transactions, conflicts of interest)?**

There are no unstated conflicts of interest or other known risks

### **Other Material Terms**

There are no anti-dilution rights and this is not dilutive to current shareholders as 2,000,000 shares of the 3,000,000 were originally planned to be issued.

### **Related Person Transactions**

From time to time the Company may engage in transactions with related persons. The Company currently has no transactions with related persons.

### **Conflicts of Interest**

The Company is not currently engaged in any transactions or relationships which would give rise to a conflict of interest with the Company, its operations, and/or its security holders.

## 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.

## Delivery of Securities

The Company will complete the transaction and deliver the Class B Shares to Investors through the Intermediary, who will subsequently notify Investors of the completion of such transaction.

## Cancellation

Investors may cancel an investment by contacting the Company or the Intermediary and providing notification of their intent to cancel an investment.

## INDEBTEDNESS

The Company has a term debt of $1,400,000 with U.S. Strategic Capital Advisors due August 2023. As of December 31, 2022, $200,000 is still due to the lender.

## PREVIOUS OFFERINGS OF SECURITIES

Does the issuer have an operating history? ☑ Yes ☐ No

# MANAGEMENT DISCUSSION AND ANALYSIS

# Executive Overview

The present condition of the Company is not liquid enough to continue operations without a successful launch of the Regulation CF Offering. We have committed around $1.6mm of start-up capital through equity and debt to the development of our Minimum Viable Product (MVP) which is now being taken to market. While we have adequate resources to now initiate our business development plans, the Company does need additional operating capital of around $200,000 per month which is accounted for in this offering. The Company's first fiscal year of 2023 was devoted to development and the MVP is now ready. We believe the pro-forma statements that are provide do show an accurate estimate of the revenue and expense expectations of The Company.

The major trends which are being ridden by the Company remain in place and are strengthening as adoption of metaverse technologies grows. Research firms like McKinsey & Company continue to provide articles and papers that refer directly to the growth prospects in the metaverse space.

https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/a-ceos-guide-to-the-metaverse

Management believes that completion of the initial Reg CF offering will be followed by a second CF offering containing audited financials and therefore allowing up to $5,000,000 in aggregate. Management believes completion of this aggregate offering will be sufficient for the Company to sustain operations indefinitely as the revenues of the Company are forecasted to provide sufficient forward cash flows.

This is a pre-revenue situation and investors should be aware that validation of the business model through consummated sales to enterprises has, at the time of the offering, not been completed. The Company is engaged in numerous discussions with large associations and enterprises which have indicated acceptance of the Company's offer. The likelihood is that some of these revenues will materialize in Q4-2023 (the company's fourth fiscal quarter) thereby ending the Company's first fiscal year on a positive uptrend.

# Operating Results

For the 9 months ending December 31, 2022, the company incurred a total loss of $1,089,000. This loss was funded by small "friends and family" stock sales as well as a loan proved by U.S. Strategic Advisors in the amount of $1,450,000. About $600,000 of that loan was used to repay a portion of an $800,000 loan provided by another lender. As of December 31, 2022, $200,000 was still due to the other lender and $1,450,000 was due to USSA.

The first nine months of operations were devoted to creation of the "Minimum Viable Product" or MVP. As the Company was developing a technology that was heretofore unavailable, it expended considerable capital to develop a WEB-based, Platform Independent, and Scalable metaverse.

## Liquidity and Capital Reserves

As of December 31, 2022, the Company had expended its cash and began relying on individuals own resources to continue operations. All senior management had salaries suspended on 12/31/2022 to sustain minimal operations. The only area that were required to receive funds since 1/1/2023 to present has been the Technology Group who has received minimal funding. All back due wages and payments to the tech group have been accrued on the books of the Company and will be paid as the Company's cash position allows for it.

## Off Balance Sheet Arrangements

The Company has no off Balance-Sheet arrangements.

## Critical Accounting Estimates

The forward pro-forma statements provided by the Company are built by basing all figures on the 'Number of Users' criteria. The Company believes that the growth in the number of users will result in sales of not just private offices, but White-Label office complexes, Custom office complexes, and will also result in the sale of advertising and third-party products generating significant commissions. The number of users is a direct result of the Company's efforts to sell its technology to various enterprise level organizations like the Chambers of Commerce, the National Federation of Independent Businesses and other organizations. In addition, the Company intends to launch active social media marketing to drive potential users to its web site and then use its proprietary 'IRIS' artificial intelligence avatar to facilitate sales.

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

# USE OF PROCEEDS

The following table illustrates how the Company intends to use the net proceeds received through this Offering. The figures below are not inclusive of payments to financial and legal service providers and escrow-related fees, all of which were incurred in the preparation of this Offering and are due in advance of the closing of the Offering.

| Use of Proceeds | % of Proceeds if Target Offering Amount Raised | Amount if Target Offering Amount Raised | % of Proceeds if Maximum Offering Amount Raised | Amount if Maximum Offering Amount Raised |
| --- | --- | --- | --- | --- |
| Intermediary Fees* | 3.2% | $8,000 | 3.2% | $39,520 |
| Legal and Accounting Fees | 6.8% | $17,000 | 6.8% | $83,980 |
| Technology Development | 24% | $60,000 | 24% | $300,000 |
| SG&A | 12% | $30,000 | 12% | $150,000 |
| Accounts Payable | 29% | $72,500 | 29% | $350,000 |
| Working Capital | 25% | $62,500 | 25% | $311,500 |
| Total | 100% | $250,000 | 100% | $1,235,000 |

*Netshares Financial Services, LLC shall take three point two percent (3.2%) commission of the funds raised in the Offering.*

The Company has discretion to alter the use of proceeds set forth above to adhere to the Company's business plan and liquidity requirements. For example, economic conditions may alter the Company's general marketing or general working capital requirements.

The Company will complete the transaction and deliver securities to investors through the Intermediary, who will subsequently notify investors of the completion of such transaction.

Investors may cancel an investment by contacting the Company or the Intermediary and providing notification of their intent to cancel an investment.

**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.

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

# FORWARD-LOOKING STATEMENTS DISCLOSURE

This Form C and any documents incorporated by reference herein or therein contain forward-looking statements and are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this Form C are forward-looking statements. Forward-looking statements give the Company's current reasonable expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate,' 'estimate,' 'expect,' 'project,' 'plan,' 'intend,' 'believe,' 'may,' 'should,' 'can have,' 'likely' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.

The forward-looking statements contained in this Form C and any documents incorporated by reference herein or therein are based on reasonable assumptions the Company has made in light of its industry experience, perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. As you read and consider this Form C, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond the Company's control) and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize or should any of these assumptions prove incorrect or change, the Company's actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.

Any forward-looking statement made by the Company in this Form C or any documents incorporated by reference herein or therein speaks only as of the date of this Form C. Factors or events that could cause the Company's actual operating and financial performance to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

EXHIBIT A: REVIEWED FINANCIALS

# THE ELEVARE CLUB, INC.

# FINANCIAL STATEMENTS

For the Period
March 2022 - January 2023

TOGETHER WITH
INDEPENDENT ACCOUNTANT REVIEW
REPORT

# EXHIBIT A: REVIEWED FINANCIALS

### **Mario Marcel of Celtax - Certified Public Accountants**

6250 Canoga Ave · Suite 345 · Woodland Hills, CA 91367 · Phone (747) 230-4110

#### Independent Accountant's Review Report

Mario Marcel CPA

#### **To the management of THE ELEVARE CLUB, INC.:**

We have reviewed the accompanying financial statements of THE ELEVARE CLUB, INC. which comprise the balance sheet as of January 31, 2023, the related statements of income, statement of cash flows and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of organization management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

#### **Management's Responsibility for the Financial Statements**

Management is responsible for the preparation and fair presentation of 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 that there are no 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 my conclusion.

# EXHIBIT A: REVIEWED FINANCIALS

### **Mario Marcel of Celtax - Certified Public Accountants**

6250 Canoga Ave · Suite 345 · Woodland Hills, CA 91367 · Phone (747) 230-4110

#### **Accountant's Conclusion**

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

Woodland Hills, California

March 6, 2023

# **EXHIBIT A: REVIEWED FINANCIALS**

# **The Elevare Club, Inc.**

# **Balance Sheet**

As of January 31, 2023

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts |  |
| BUS COMPLETE CHK (7963) - 1 | -24,645.59 |
| Cash | 0.00 |
| CHASE BUS TOTAL SAV (3195) - 1 | 22.61 |
| Total Bank Accounts | $ -24,622.98 |
| Other Current Assets |  |
| Employee cash advances | 706.49 |
| Total Other Current Assets | $706.49 |
| Total Current Assets | $ -23,916.49 |
| Fixed Assets |  |
| Metaverse Build | 896,927.38 |
| Total Fixed Assets | $896,927.38 |
| Other Assets |  |
| Startup & organizational costs | 4,105.25 |
| Total Other Assets | $4,105.25 |
| TOTAL ASSETS | $877,116.14 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Accounts Payable |  |
| Accounts Payable (A/P) | 400,565.28 |
| Total Accounts Payable | $400,565.28 |
| Credit Cards |  |
| Capital One Credit Card (0543) | 7,341.97 |
| Elevare Chase Credit Card (0193 Chad) | 17,459.01 |
| Elevare Chase Credit Card (1321 Steve prior to 08/19/22) | 0.00 |
| Elevare Chase Credit Card (1321 Steve) | 10,960.04 |

# **EXHIBIT A: REVIEWED FINANCIALS**

# The Elevare Club, Inc.

# Balance Sheet

As of January 31, 2023

|  | TOTAL |
| --- | --- |
| Total Credit Cards | $35,761.02 |
| Other Current Liabilities |  |
| Direct Deposit Payable | 0.00 |
| Kashify | 117,636.27 |
| Note Payable - S. Beaman | 350.00 |
| Payroll Liabilities |  |
| Federal Taxes (941/943/944) | 0.00 |
| Federal Unemployment (940) | 289.50 |
| GA Income Tax | 719.84 |
| IL Income Tax | 2,475.00 |
| MO Income Tax | 150.00 |
| MO Unemployment Tax | 476.88 |
| OK Income Tax | 335.00 |
| TX Unemployment Tax | 3,407.43 |
| Total Payroll Liabilities | 7,853.65 |
| Total Other Current Liabilities | $125,839.92 |
| Total Current Liabilities | $562,166.22 |
| Long-Term Liabilities |  |
| Long-term business loans | 1,450,000.00 |
| Total Long-Term Liabilities | $1,450,000.00 |
| Total Liabilities | $2,012,166.22 |
| Equity |  |
| Additional paid in capital | 31,200.00 |
| Opening balance equity | 0.00 |
| Retained Earnings | -1,150,473.83 |
| Net Income | -15,776.25 |
| Total Equity | $ -1,135,050.08 |
| TOTAL LIABILITIES AND EQUITY | $877,116.14 |

# **EXHIBIT A: REVIEWED FINANCIALS**

# **The Elevare Club, Inc.**

# **Profit and Loss**

March 2022 - January 2023

|  | TOTAL |
| --- | --- |
| Income |  |
| Commission Revenues Kashify | 3,737.50 |
| Membership Subscriptions | 18,792.77 |
| Uncategorized Income | 94.84 |
| Total Income | $22,625.11 |
| GROSS PROFIT | $22,625.11 |
| Expenses |  |
| Advertising & marketing | 99,878.73 |
| Marketing | 127,485.98 |
| Social media | 1,066.21 |
| Website ads | 300.00 |
| Total Advertising & marketing | 228,730.92 |
| Bank fees & service charges | 89,745.22 |
| Merchant account fees | 532.35 |
| Total Bank fees & service charges | 90,277.57 |
| Computers | 17,892.81 |
| Contract labor | 207,444.10 |
| Employee benefits | 123.17 |
| Automobile | 4,957.03 |
| Health insurance & accident plans | 4,414.37 |
| Total Employee benefits | 9,494.57 |
| Entertainment | 480.46 |
| Insurance |  |
| Business insurance | 451.00 |
| Total Insurance | 451.00 |
| Interest paid | 40,036.12 |
| Credit card interest | 172.68 |
| Total Interest paid | 40,208.80 |
| Legal & accounting services |  |
| Legal Fees | 26,304.17 |
| Total Legal & accounting services | 26,304.17 |
| Meals | 13,028.59 |
| Meals with clients | 1,461.64 |
| Travel meals | 2,828.33 |
| Total Meals | 17,318.56 |
| Memberships & subscriptions | 34,973.51 |
| Office expenses | 85,090.41 |
| Client Gifts | 146.31 |
| Office supplies | 5,832.67 |
| Shipping & postage | 1,957.71 |

# **EXHIBIT A: REVIEWED FINANCIALS**

# **The Elevare Club, Inc.**

# **Profit and Loss**

March 2022 - January 2023

|  | TOTAL |
| --- | --- |
| Software & apps | 33,525.15 |
| Total Office expenses | 126,552.25 |
| Payroll expenses |  |
| 1099 Wages | 79,104.97 |
| Taxes | 17,195.27 |
| Wages | 190,215.00 |
| Total Payroll expenses | 286,515.24 |
| Rent |  |
| Building & land rent | 21,102.50 |
| Dedicated Server | 3,893.00 |
| Equipment rental | 569.40 |
| Total Rent | 25,564.90 |
| Repairs & maintenance | 1,704.99 |
| Trade Shows & Conferences | 4,949.92 |
| Travel | 3,505.31 |
| Airfare | 6,585.15 |
| Hotels | 8,160.28 |
| Other | 661.04 |
| Taxis or shared rides | 2,287.79 |
| Vehicle rental | 1,632.01 |
| Total Travel | 22,831.58 |
| Uncategorized Expense | 6,430.74 |
| Utilities |  |
| Internet & TV services | 804.90 |
| Phone service | 887.30 |
| Security | 286.80 |
| Total Utilities | 1,979.00 |
| Total Expenses | $1,150,105.09 |
| NET OPERATING INCOME | $ -1,127,479.98 |
| Other Income |  |
| Credit card rewards | 421.23 |
| Total Other Income | $421.23 |
| NET OTHER INCOME | $421.23 |
| NET INCOME | $ -1,127,058.75 |

# **EXHIBIT A: REVIEWED FINANCIALS**

# **The Elevare Club, Inc.**

# **Statement of Cash Flows**

March 2022 - January 2023

|  | TOTAL |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income | -1,127,058.75 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |
| Employee cash advances | -706.49 |
| Accounts Payable (A/P) | 400,565.28 |
| Capital One Credit Card (0543) | 7,341.97 |
| Elevare Chase Credit Card (0193 Chad) | 17,459.01 |
| Elevare Chase Credit Card (1321 Steve prior to 08/19/22) | 0.00 |
| Elevare Chase Credit Card (1321 Steve) | 10,960.04 |
| Direct Deposit Payable | 0.00 |
| Kashify | 78,444.94 |
| Note Payable - S. Beaman | 350.00 |
| Payroll Liabilities:Federal Taxes (941/943/944) | 0.00 |
| Payroll Liabilities:Federal Unemployment (940) | 289.50 |
| Payroll Liabilities:GA Income Tax | 719.84 |
| Payroll Liabilities:IL Income Tax | 2,475.00 |
| Payroll Liabilities:MO Income Tax | 150.00 |
| Payroll Liabilities:MO Unemployment Tax | 476.88 |
| Payroll Liabilities:OK Income Tax | 335.00 |
| Payroll Liabilities:TX Unemployment Tax | 3,407.43 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | 522,268.40 |
| Net cash provided by operating activities | $ -604,790.35 |
| INVESTING ACTIVITIES |  |
| Metaverse Build | -896,927.38 |
| Startup & organizational costs | -4,105.25 |
| Net cash provided by investing activities | $ -901,032.63 |
| FINANCING ACTIVITIES |  |
| Long-term business loans | 1,450,000.00 |
| Additional paid in capital | 31,200.00 |
| Opening balance equity | 0.00 |
| Net cash provided by financing activities | $1,481,200.00 |
| NET CASH INCREASE FOR PERIOD | $ -24,622.98 |
| CASH AT END OF PERIOD | $ -24,622.98 |

# EXHIBIT A: REVIEWED FINANCIALS

### THE ELEVARE CLUB, INC.

#### Notes to Financial Statements January 31, 2023

#### 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

##### **Nature of Operations**

THE ELEVARE CLUB, INC is a startup company that provides development services and sales of a metaverse designed for businesses with a focus on digital offering and digital meetings spaces

##### **Basis of Accounting**

The financial statements of the company have been prepared on the accrual basis but adjustments are made to reflect cash basis at year end for tax purposes. As a result, the company records revenue when earned and expenses when accrued.

##### **Cash and Cash Equivalents**

For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. See independent accountants' audit report.

#### 2. Officers of the Corporation

Steven J. Beaman Chad Tongco

#### 3. Evaluation of Subsequent Events

No related party transactions as of the financial reporting date which is the date of the reviewed financial statements January 31, 2023.

# EXHIBIT A: FINANCIALS -PROFORMAS

## Three Year Pro-forma statement

01-01-2023 to 12-31-23

|  | Dec 04 | May 04 | Jun 04 | Jul 04 | Aug 04 | Sep 04 | Oct 04 | Nov 04 | Dec 04 | Jan 05 | Feb 05 | Mar 05 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Number of Paid Users @ $1/monthly | $5,000 | $6,000 | $6,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $20,000 | $20,000 | $20,000 |
| Number of Paid Users @ $10/monthly | 20% | - | 17,000 | 22,000 | 27,000 | 32,000 | 37,000 | 42,000 | 47,000 | 52,000 | 57,000 | 62,000 |
| Number of White Label Users | 0.00% | - | 300 | 425 | 550 | 675 | 800 | 925 | 1,050 | 1,175 | 1,300 | 1,425 |
| Number of Custom Builds | 0.01% | - | 9 | 11 | 14 | 16 | 19 | 21 | 24 | 26 | 29 | 31 |
| Value per user - advertising | $1.00 | - | - | - | - | - | 185,000 | 210,000 | 235,000 | 260,000 | 285,000 | 310,000 |
| Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
| Paid Users @ $1/monthly | $2.50 | $87,500 | $150,000 | $212,500 | $275,000 | $337,500 | $400,000 | $462,500 | $525,000 | $587,500 | $650,000 | $712,500 |
| Paid Users @ $10/monthly | $5.00 | - | - | - | $110,000 | $135,000 | $160,000 | $185,000 | $210,000 | $235,000 | $260,000 | $285,000 |
| White Label | $2,500 | - | - | $375,000 | $906,250 | $1,218,750 | $1,331,250 | $1,843,750 | $2,156,250 | $2,468,750 | $2,781,250 | $3,093,750 |
| Custom | $10,000 | - | - | - | $85,000 | $110,000 | $135,000 | $160,000 | $185,000 | $210,000 | $235,000 | $260,000 |
| Custom monthly maintenance | $0 | - | - | - | - | - | - | - | - | - | - | - |
| Advertising | $1.00 | - | - | - | - | - | - | $185,000 | $210,000 | $235,000 | $260,000 | $285,000 |
| Total Revenues | $87,500 | $150,000 | $587,500 | $1,370,250 | $1,801,250 | $2,220,250 | $2,356,250 | $2,586,250 | $2,736,250 | $4,186,250 | $4,636,250 | $5,386,250 |
| Direct Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
| Commissions/Cost of Sales | 15% | $13,125 | $22,500 | $88,125 | $206,438 | $270,188 | $333,938 | $425,438 | $492,938 | $560,438 | $627,938 | $695,438 |
| Direct Tech Builds | - | - | - | $72,500 | $97,500 | $122,500 | $147,500 | $172,500 | $197,500 | $222,500 | $247,500 | $272,500 |
| Capacity Improvement | - | $1,500 | $3,500 | $7,500 | $8,500 | $9,500 | $10,500 | $11,500 | $12,500 | $13,500 | $14,500 | $15,500 |
| Total Direct Expenses | $18,625 | $25,000 | $168,125 | $312,438 | $402,188 | $491,938 | $609,438 | $702,938 | $794,438 | $889,938 | $983,438 | $1,076,938 |
| Gross Profit | 75% | $68,875 | $121,000 | $419,375 | $1,063,813 | $1,309,063 | $1,734,313 | $2,226,813 | $2,583,313 | $2,939,813 | $3,296,313 | $3,652,813 |
| GP as a % |  | 79% | 81% | 71% | 77% | 78% | 78% | 79% | 79% | 79% | 79% | 79% |
| Fixed & Operating Costs | Budget |  |  |  |  |  |  |  |  |  |  |  |
| Salaries & Benefits | 4% | $79,750.00 | $79,750.00 | $79,750.00 | $79,750.00 | $79,750.00 | $89,050.00 | $113,450.00 | $131,450.00 | $149,450.00 | $167,450.00 | $185,450.00 |
| Bonuses | 5% | - | - | - | $7,375.69 | $25,800.03 | $32,884.76 | $41,071.77 | $53,443.67 | $61,097.57 | $69,437.38 | $77,723.39 |
| Technology | 25% | $30,000.00 | $37,500.00 | $146,875.00 | $344,063.50 | $450,313.50 | $556,562.50 | $709,062.50 | $821,562.50 | $934,062.50 | $1,046,562.50 | $1,159,062.50 |
| Office & Expenses | 1% | $875.00 | $1,500.00 | $5,875.00 | $13,742.50 | $18,012.50 | $22,262.50 | $28,362.50 | $32,862.50 | $37,362.50 | $41,862.50 | $46,362.50 |
| Cost of Capital Value | 5% | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 |
| Marketing | 5% | $1,250.00 | $4,375.00 | $7,500.00 | $29,375.00 | $48,812.50 | $90,062.50 | $111,312.50 | $141,812.50 | $164,312.50 | $186,812.50 | $209,312.50 |
| Legal & Accounting | 1% | $125.00 | $437.50 | $750.00 | $2,937.50 | $6,885.25 | $9,006.25 | $11,131.25 | $14,181.25 | $16,431.25 | $18,681.25 | $20,931.25 |
| Other | 5% | $4,375.00 | $7,500.00 | $29,375.00 | $68,812.50 | $90,062.50 | $111,312.50 | $141,812.50 | $164,312.50 | $186,812.50 | $209,312.50 | $231,812.50 |
| Total Fixed & Operating Costs | 51% | $118,115.11 | $332,798.61 | $771,865.11 | $347,811.81 | $741,567.40 | $912,877.12 | $1,157,939.13 | $1,361,361.03 | $1,551,264.93 | $1,741,844.74 | $1,932,490.75 |
| EBITDA |  | $1,049,226.11 | $1,511,798.61 | $1,147,513.89 | $3,516,000.69 | $3,657,695.10 | $3,821,435.38 | $1,068,873.37 | $1,221,951.47 | $1,388,147.57 | $1,554,467.76 | $1,720,421.75 |
| As a % |  | -16% | -4% | 25% | 37% | 37% | 37% | 38% | 37% | 37% | 37% | 37% |
| Provision for Income Tax | 27% | 0 | 0 | $39,828.75 | $139,320.19 | $177,577.68 | $221,787.55 | $288,595.81 | $329,926.90 | $374,907.84 | $419,706.30 | $464,513.87 |
| Interest Charges | - | $14,000.00 | $14,000.00 | $14,000.00 | $14,000.00 | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Amortization of Start Up Costs | - | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 |
| Net Income Attributable To Shares | 1% | $178,236.11 | $140,748.61 | $78,685.14 | $347,680.55 | $465,117.43 | $584,647.83 | $765,277.56 | $877,024.57 | $998,639.72 | $1,119,761.47 | $1,240,907.88 |
| Number of Shares Outstanding | - | $2,085,000 | $2,085,000 | $2,235,000 | $2,235,000 | $2,235,000 | $2,235,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 |
| Earnings Per Share | - | $(0.04) | $(0.01) | $0.04 | $0.16 | $0.21 | $0.26 | $0.31 | $0.35 | $0.40 | $0.45 | $0.50 |
| Trailing 12 months EPS |  |  |  |  |  |  |  |  |  | $1.39 | $1.89 | $2.54 |
| Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning Cash | - | $723,613.89 | $225,377.78 | $3,669,579.17 | $3,483,264.31 | $3,565,944.81 | $4,046,062.24 | $4,421,104.42 | $5,201,381.98 | $6,093,406.56 | $6,577,962.04 | $7,712,723.50 |
| Changes from Earnings | - | $(78,236.11) | $(40,748.61) | $78,685.14 | $347,680.55 | $465,117.43 | $584,647.83 | $765,277.56 | $877,024.57 | $998,639.72 | $1,119,761.47 | $1,240,907.88 |
| Amortization New Cash | - | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 |
| Changes from Capital | - | $ - | $3,750,000.00 | $ - | $ - | $ - | $ - | $0 | $ - | $ - | $ - | $ - |
| Changes in Dividends | 17% | $ - | $ - | $ - | $ - | $ - | $ - | $(224,605.65) | $ - | $ - | $(529,084.24) | $ - |
| Change in Short Term Debt | - | $(280,000.00) | $(280,000.00) | $(280,000.00) | $(280,000.00) | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Changes from AP/AR | - | $(155,000.00) | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Ending Cash |  | $225,377.78 | $3,669,579.17 | $3,483,264.31 | $3,565,944.81 | $4,046,062.24 | $4,421,104.42 | $5,201,381.98 | $6,093,406.56 | $6,577,962.04 | $7,712,723.50 | $8,968,631.38 |
| Short-term Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash & Short Term Instruments | - | $225,377.78 | $3,669,579.17 | $3,483,264.31 | $3,565,944.81 | $4,046,062.24 | $4,421,104.42 | $5,201,381.98 | $6,093,406.56 | $6,577,962.04 | $7,712,723.50 | $8,968,631.38 |
| Accounts Receivable | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Short Term Assets |  | $225,377.78 | $3,669,579.17 | $3,483,264.31 | $3,565,944.81 | $4,046,062.24 | $4,421,104.42 | $5,201,381.98 | $6,093,406.56 | $6,577,962.04 | $7,712,723.50 | $8,968,631.38 |
| Long-term Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| IP | - | $840,000.00 | $825,000.00 | $810,000.00 | $795,000.00 | $780,000.00 | $765,000.00 | $750,000.00 | $735,000.00 | $720,000.00 | $705,000.00 | $690,000.00 |
| Other Long-term Assets | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets |  | $840,000.00 | $825,000.00 | $810,000.00 | $795,000.00 | $780,000.00 | $765,000.00 | $750,000.00 | $735,000.00 | $720,000.00 | $705,000.00 | $690,000.00 |
| Total Assets |  | $1,065,377.78 | $4,494,579.17 | $4,293,264.31 | $4,360,944.81 | $4,826,062.24 | $5,186,104.42 | $5,951,381.98 | $6,828,406.56 | $7,297,962.04 | $8,417,723.50 | $9,658,631.38 |
| Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
| Short Term Liabilities | - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Accounts Payable | - | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 |
| Current Portion of Long Term Debt | - | $640,000.00 | $360,000.00 | $80,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 | $1,000,000.00 |
| Total Short Term Liabilities |  | $646,000.00 | $366,000.00 | $86,000.00 | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) |
| Total Short & Long Term Liabilities |  | $646,000.00 | $366,000.00 | $86,000.00 | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) |
| Equity |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital | - | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 |
| Additional Paid in Capital | - | $1,370,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 |
| Dividends Paid | - | $ - | $ - | $ - | $ - | $ - | $(224,605.65) | $(224,605.65) | $(224,605.65) | $(753,689.88) | $(753,689.88) | $(1,146,474.19) |
| Current Earnings | - | $(78,236.11) | $(119,034.72) | $(40,349.58) | $307,339.92 | $772,448.35 | $1,257,096.18 | $2,122,373.74 | $2,999,398.31 | $3,998,038.04 | $5,117,799.30 | $6,358,707.38 |
| Retained Earnings | - | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) |
| Total Equity |  | $419,377.78 | $4,128,579.17 | $4,207,264.31 | $4,554,944.81 | $5,020,062.24 | $5,380,104.42 | $6,145,381.98 | $7,022,406.56 | $7,491,962.04 | $8,611,723.50 | $9,852,631.38 |

# EXHIBIT A: FINANCIALS -PROFORMAS CONTINUED

## Three Year Pro-forma statement

01-01-2023 to 12-31-25

|  | Apr-24 | May-24 | Jun-24 | Jul-24 | Aug-24 | Sep-24 | Oct-24 | Nov-24 | Dec-24 | Jan-25 | Feb-25 | Mar-25 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Number of Paid Users @ $1/monthly | $335,000 | $360,000 | $385,000 | $410,000 | $435,000 | $460,000 | $485,000 | $510,000 | $535,000 | $560,000 | $585,000 | $610,000 |
| Number of Paid Users @ $10/monthly | 20% | 67,000 | 72,000 | 77,000 | 82,000 | 87,000 | 92,000 | 97,000 | 102,000 | 107,000 | 112,000 | 117,000 |
| Number of White Label Users | 0.00% | 1,550 | 1,675 | 1,800 | 1,925 | 2,050 | 2,175 | 2,300 | 2,425 | 2,550 | 2,675 | 2,800 |
| Number of Custom Builds | 0.01% | 34 | 36 | 39 | 41 | 44 | 46 | 49 | 51 | 54 | 56 | 59 |
| Value per year - advertising | $1.00 | $335,000 | $360,000 | $385,000 | $410,000 | $435,000 | $460,000 | $485,000 | $510,000 | $535,000 | $560,000 | $585,000 |
| Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
| Paid Users @ $1/monthly | $2.50 | $837,500 | $900,000 | $962,500 | $1,025,000 | $1,087,500 | $1,150,000 | $1,212,500 | $1,275,000 | $1,337,500 | $1,400,000 | $1,462,500 |
| Paid Users @ $10/monthly | $3.00 | $335,000 | $360,000 | $385,000 | $410,000 | $435,000 | $460,000 | $485,000 | $510,000 | $535,000 | $560,000 | $585,000 |
| White Label | $2,500 | $3,718,750 | $4,031,250 | $4,343,750 | $4,656,250 | $4,968,750 | $5,281,250 | $5,593,750 | $5,906,250 | $6,218,750 | $6,531,250 | $6,843,750 |
| Custom | $10,000 | $510,000 | $535,000 | $560,000 | $585,000 | $610,000 | $635,000 | $660,000 | $685,000 | $510,000 | $535,000 | $560,000 |
| Custom-susceptibility maintenance | $0 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Advertising | $1.00 | $335,000 | $360,000 | $385,000 | $410,000 | $435,000 | $460,000 | $485,000 | $510,000 | $535,000 | $560,000 | $585,000 |
| Total Revenues | $5,536,250 | $5,986,250 | $6,436,250 | $6,886,250 | $7,336,250 | $7,766,250 | $8,236,250 | $8,486,250 | $9,136,250 | $9,586,250 | $10,036,250 | $10,486,250 |
| Direct Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
| Commission/Cost of Sales | $5% | $830,438 | $897,938 | $960,438 | $1,032,938 | $1,100,438 | $1,167,938 | $1,235,438 | $1,302,938 | $1,370,438 | $1,437,938 | $1,505,438 |
| Direct Tech Assets |  | $322,500 | $347,500 | $372,500 | $397,500 | $422,500 | $447,500 | $472,500 | $497,500 | $522,500 | $547,500 | $572,500 |
| Capacity Improvement |  | $12,500 | $18,500 | $19,500 | $20,500 | $21,500 | $22,500 | $23,500 | $24,500 | $25,500 | $26,500 | $27,500 |
| Total Direct Expenses |  | $1,170,438 | $1,263,938 | $1,337,438 | $1,450,938 | $1,564,438 | $1,637,938 | $1,751,438 | $1,824,938 | $1,918,438 | $2,011,938 | $2,205,438 |
| Gross Profit | 75% | $3,365,813 | $4,722,313 | $5,078,813 | $5,435,313 | $5,791,813 | $6,148,313 | $6,504,813 | $6,861,313 | $7,217,813 | $7,574,313 | $7,930,813 |
| GP as a % |  | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% |
| Fixed & Operating Costs | Budget |  |  |  |  |  |  |  |  |  |  |  |
| Salaries & Benefits | 4% | $221,450.00 | $239,450.00 | $257,450.00 | $275,450.00 | $293,450.00 | $311,450.00 | $329,450.00 | $347,450.00 | $365,450.00 | $383,450.00 | $401,450.00 |
| Revenues | 5% | $94,318.70 | $102,616.32 | $110,913.94 | $119,211.56 | $127,509.18 | $135,806.80 | $144,104.42 | $152,402.04 | $160,699.66 | $168,997.27 | $177,294.89 |
| Technology | 25% | $1,384,062.50 | $1,496,062.50 | $1,609,062.50 | $1,721,062.50 | $1,834,062.50 | $1,946,062.50 | $2,059,062.50 | $2,171,062.50 | $2,284,062.50 | $2,396,062.50 | $2,509,062.50 |
| Office & Expenses | 1% | $55,362.50 | $59,862.50 | $64,362.50 | $68,862.50 | $73,362.50 | $77,862.50 | $82,362.50 | $86,862.50 | $91,362.50 | $95,862.50 | $100,362.50 |
| Cost of Capital Base | 5% | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 |
| Marketing | 5% | $254,312.50 | $276,812.50 | $299,312.50 | $321,812.50 | $344,312.50 | $366,812.50 | $389,312.50 | $411,812.50 | $434,312.50 | $456,812.50 | $479,312.50 |
| High & Accounting | 1% | $25,831.25 | $27,881.25 | $30,831.25 | $32,381.25 | $36,831.25 | $38,881.25 | $41,381.25 | $43,831.25 | $45,831.25 | $47,881.25 | $50,381.25 |
| Other | 3% | $276,812.50 | $299,312.50 | $321,812.50 | $344,312.50 | $366,812.50 | $389,312.50 | $411,812.50 | $434,312.50 | $456,812.50 | $479,312.50 | $501,812.50 |
| Total Fixed & Operating Costs | 11% | $2,313,488.96 | $2,504,033.68 | $2,696,481.90 | $2,885,128.92 | $3,075,676.54 | $3,166,214.16 | $3,456,271.78 | $3,647,119.40 | $3,827,807.92 | $4,018,414.64 | $4,218,963.25 |
| EBITDA |  | $12,012,326.44 | $12,218,278.82 | $12,384,251.20 | $12,530,183.58 | $12,716,135.96 | $12,882,088.34 | $13,048,040.72 | $13,213,903.10 | $13,379,945.48 | $13,545,897.86 | $13,711,850.25 |
| As a % |  | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% |
| Provision for Income Tax | 27% | $554,128.14 | $598,035.18 | $643,742.42 | $688,549.57 | $733,356.71 | $778,163.85 | $822,970.99 | $867,778.14 | $912,585.28 | $957,392.42 | $1,002,199.57 |
| Interest Charges |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Amortization of Start Up Costs |  | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 |
| Net Income Allocated To Shares | 1% | $1,483,198.30 | $1,604,343.54 | $1,725,488.77 | $1,846,634.01 | $1,967,779.25 | $2,088,924.49 | $2,210,069.73 | $2,331,214.97 | $2,452,360.20 | $2,573,505.44 | $2,694,650.68 |
| Number of Shares Outstanding |  | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 |
| Earnings Per Share |  | $0.59 | $0.64 | $0.69 | $0.74 | $0.79 | $0.84 | $0.88 | $0.93 | $0.98 | $1.03 | $1.08 |
| Trailing 12 months EPS |  | $3.78 | $4.44 | $5.10 | $5.68 | $6.26 | $6.83 | $7.41 | $7.99 | $8.57 | $9.15 | $9.74 |
| Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning Cash |  | $9,552,900.14 | $11,051,098.44 | $12,670,441.97 | $13,364,245.97 | $15,225,879.98 | $17,208,659.23 | $18,011,990.09 | $20,237,059.82 | $22,583,274.78 | $8,496,134.22 | $11,084,639.66 |
| Changes from Earnings |  | $1,483,198.30 | $1,604,343.54 | $1,725,488.77 | $1,846,634.01 | $1,967,779.25 | $2,088,924.49 | $2,210,069.73 | $2,331,214.97 | $2,452,360.20 | $2,573,505.44 | $2,694,650.68 |
| Amortization from Cash |  | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 |
| Changes from Capital |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Changes in Dividends | 17% | $ - | $ - | $(1,048,684.78) | $ - | $ - | $(3,300,593.63) | $ - | $ - | $(16,554,500.77) | $ - | $ - |
| Changes in Short Term Debt |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Changes from AP/AR |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Ending Cash |  | $11,051,098.44 | $12,670,441.97 | $13,364,245.97 | $15,225,879.98 | $17,208,659.23 | $18,011,990.09 | $20,237,059.82 | $22,583,274.78 | $8,496,134.22 | $11,084,639.66 | $13,794,290.34 |
| Short-term Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash & Short Term Instruments |  | $11,051,098.44 | $12,670,441.97 | $13,364,245.97 | $15,225,879.98 | $17,208,659.23 | $18,011,990.09 | $20,237,059.82 | $22,583,274.78 | $8,496,134.22 | $11,084,639.66 | $13,794,290.34 |
| Accounts Receivable |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Total Short Term Assets |  | $11,051,098.44 | $12,670,441.97 | $13,364,245.97 | $15,225,879.98 | $17,208,659.23 | $18,011,990.09 | $20,237,059.82 | $22,583,274.78 | $8,496,134.22 | $11,084,639.66 | $13,794,290.34 |
| Long-term Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| IP |  | $660,000.00 | $645,000.00 | $630,000.00 | $615,000.00 | $600,000.00 | $585,000.00 | $570,000.00 | $555,000.00 | $540,000.00 | $525,000.00 | $510,000.00 |
| Other Long-term Assets |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Total Long-term Assets |  | $660,000.00 | $645,000.00 | $630,000.00 | $615,000.00 | $600,000.00 | $585,000.00 | $570,000.00 | $555,000.00 | $540,000.00 | $525,000.00 | $510,000.00 |
| Total Assets |  | $11,711,098.44 | $13,315,441.97 | $13,994,245.97 | $15,840,879.98 | $17,808,659.23 | $18,596,990.09 | $20,807,059.82 | $23,138,274.78 | $9,036,134.22 | $11,809,639.66 | $14,304,290.34 |
| Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
| Short Term Liabilities |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Accounts Payable |  | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 |
| Current Portion of Long Term Debt |  | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) |
| Total Short Term Liabilities |  | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) |
| Total Short & Long Term Liabilities |  | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) |
| Equity |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital |  | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 |
| Additional Paid in Capital |  | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 |
| Dividends Paid |  | $(1,544,474.19) | $(1,544,474.19) | $(2,593,158.97) | $(2,593,158.97) | $(2,593,158.97) | $(3,893,752.60) | $(3,893,752.60) | $(3,893,752.60) | $(20,448,253.36) | $(20,448,253.36) | $(20,448,253.36) |
| Current Earnings |  | $9,203,958.74 | $10,808,302.27 | $12,533,791.05 | $14,380,425.06 | $16,348,204.35 | $18,437,128.80 | $20,647,198.53 | $22,978,413.49 | $25,430,773.69 | $28,004,279.13 | $30,698,929.81 |
| Retained Earnings |  | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) | $(875,986.12) |
| Total Equity |  | $11,905,098.44 | $13,509,441.97 | $14,188,245.97 | $16,054,879.98 | $18,002,659.23 | $18,790,990.09 | $21,001,059.82 | $23,332,274.78 | $9,230,134.22 | $11,803,639.66 | $14,498,290.34 |

# EXHIBIT A: FINANCIALS -PROFORMAS CONTINUED

## Three Year Pro-forma statement

01-01-2022 to 12-31-21

|  | Mar-21 | Mar-22 | Jun-21 | Jun-22 | Jun-23 | Jun-24 | Jun-25 | Jun-26 | Jun-27 | Jun-28 | Jun-29 | Jun-30 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Number of Paid Users @ $1/monthly | 835,000 | 660,000 | 685,000 | 710,000 | 735,000 | 765,000 | 785,000 | 810,000 | 835,000 | 860,000 | 885,000 | 910,000 |
| Number of Paid Users @ $10/monthly | 20% | 127,000 | 132,000 | 137,000 | 142,000 | 147,000 | 152,000 | 157,000 | 162,000 | 167,000 | 172,000 | 177,000 |
| Number of White Label Users | 0.00% | 3,050 | 3,175 | 3,300 | 3,425 | 3,550 | 3,675 | 3,800 | 3,925 | 4,050 | 4,175 | 4,300 |
| Number of Custom Builds | 0.01% | 64 | 66 | 69 | 71 | 74 | 76 | 79 | 81 | 84 | 86 | 89 |
| Value per user - advertising | $1.00 | 835,000 | 660,000 | 685,000 | 710,000 | 735,000 | 765,000 | 785,000 | 810,000 | 835,000 | 860,000 | 885,000 |
| Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
| Paid Users @ $1/monthly | $2.50 | $1,587,500 | $1,650,000 | $1,712,500 | $1,775,000 | $1,837,500 | $1,900,000 | $1,962,500 | $2,025,000 | $2,087,500 | $2,150,000 | $2,212,500 |
| Paid Users @ $10/monthly | $5.00 | $835,000 | $860,000 | $885,000 | $710,000 | $735,000 | $760,000 | $785,000 | $810,000 | $835,000 | $860,000 | $885,000 |
| White Label | $2.500 | $7,468,750 | $7,781,250 | $8,093,750 | $8,406,250 | $8,718,750 | $9,031,250 | $9,343,750 | $9,656,250 | $9,968,750 | $10,281,250 | $10,593,750 |
| Custom | $10,000 | $610,000 | $635,000 | $660,000 | $685,000 | $710,000 | $735,000 | $760,000 | $785,000 | $810,000 | $835,000 | $860,000 |
| Custom-monthly maintenance | $0 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Accounting | $1.00 | $835,000 | $860,000 | $885,000 | $710,000 | $735,000 | $760,000 | $785,000 | $810,000 | $835,000 | $860,000 | $885,000 |
| Total Revenues |  | $10,946,250 | $11,086,250 | $11,856,250 | $12,286,250 | $12,726,250 | $13,186,250 | $13,636,250 | $14,086,250 | $14,536,250 | $14,986,250 | $15,436,250 |
| Direct Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
| Commission/Cost of Sales | 15% | $1,640,438 | $1,707,938 | $1,775,438 | $1,842,938 | $1,910,438 | $1,977,938 | $2,045,438 | $2,112,938 | $2,180,438 | $2,247,938 | $2,315,438 |
| Direct Tech Audits |  | $622,500 | $647,500 | $672,500 | $697,500 | $722,500 | $747,500 | $772,500 | $797,500 | $822,500 | $847,500 | $872,500 |
| Capacity Improvement |  | $25,500 | $35,500 | $15,500 | $32,500 | $55,500 | $34,500 | $35,500 | $38,500 | $37,500 | $38,500 | $39,500 |
| Total Direct Expenses |  | $2,242,438 | $2,385,938 | $2,474,438 | $2,572,938 | $2,666,438 | $2,719,938 | $2,853,438 | $2,946,938 | $3,040,438 | $3,123,938 | $3,227,438 |
| Gross Profit | 75% | $8,843,813 | $9,080,313 | $9,916,813 | $9,713,313 | $10,069,813 | $10,416,313 | $10,782,813 | $11,139,313 | $11,495,813 | $11,852,313 | $12,268,813 |
| GP as a % |  | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% | 79% |
| Fixed & Operating Costs | Budget |  |  |  |  |  |  |  |  |  |  |  |
| Salaries & Benefits | 4% | $437,450.00 | $455,450.00 | $473,450.00 | $491,450.00 | $509,450.00 | $527,450.00 | $545,450.00 | $563,450.00 | $581,450.00 | $599,450.00 | $617,450.00 |
| Provision | 5% | $193,890.13 | $202,187.75 | $210,485.37 | $218,782.99 | $227,080.61 | $235,378.23 | $243,675.85 | $251,673.46 | $260,271.08 | $268,568.70 | $276,866.42 |
| Technology | 25% | $2,734,062.50 | $2,846,562.50 | $2,959,062.50 | $3,071,562.50 | $3,184,062.50 | $3,296,562.50 | $3,409,062.50 | $3,521,562.50 | $3,634,062.50 | $3,746,562.50 | $3,859,062.50 |
| Office & Expenses | 1% | $109,362.50 | $112,862.50 | $118,362.50 | $122,862.50 | $127,362.50 | $131,862.50 | $136,362.50 | $140,862.50 | $145,362.50 | $149,862.50 | $154,362.50 |
| Cost of Capital Make | 5% | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 | $1,736.11 |
| Marketing | 5% | $524,212.50 | $546,812.50 | $569,212.50 | $592,812.50 | $614,212.50 | $636,812.50 | $655,212.50 | $681,812.50 | $704,212.50 | $726,812.50 | $749,212.50 |
| Legal & Accounting | 1% | $52,431.25 | $54,681.25 | $56,931.25 | $59,281.25 | $61,431.25 | $63,681.25 | $65,931.25 | $68,181.25 | $70,431.25 | $72,681.25 | $74,931.25 |
| Other | 0% | $549,812.50 | $569,212.50 | $592,812.50 | $614,212.50 | $636,812.50 | $655,212.50 | $681,812.50 | $704,212.50 | $726,812.50 | $749,212.50 | $772,812.50 |
| Total Fixed & Operating Costs | 51% | $4,609,057.49 | $4,790,605.11 | $4,985,152.73 | $5,171,700.55 | $5,262,247.97 | $5,552,795.39 | $5,763,343.21 | $5,933,890.83 | $6,124,438.44 | $6,314,986.06 | $6,505,533.68 |
| EBITDA |  | $44,443,735.91 | $44,358,707.39 | $44,375,659.77 | $44,541,612.13 | $44,707,564.53 | $44,873,116.91 | $55,039,463.29 | $55,205,421.67 | $55,371,374.06 | $55,537,324.44 | $55,745,279.82 |
| As a % |  | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% | 37% |
| Provision for Income Tax | 27% | $1,091,813.85 | $1,136,620.99 | $1,181,428.14 | $1,226,235.28 | $1,271,042.42 | $1,315,849.57 | $1,360,656.71 | $1,405,463.85 | $1,450,270.99 | $1,495,078.14 | $1,539,885.28 |
| Interest Charges |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Amortization of Start Up Costs |  | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 |
| Net Income (Unfunded) To Shares | 1% | $3,936,992.16 | $3,938,086.39 | $3,179,231.63 | $3,300,276.87 | $3,421,522.11 | $3,532,687.35 | $3,663,811.58 | $3,784,957.82 | $3,906,103.06 | $4,017,248.30 | $4,148,353.54 |
| Number of Shares Outstanding |  | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 |
| Earnings Per Share |  | $1.17 | $1.22 | $1.27 | $1.32 | $1.37 | $1.42 | $1.47 | $1.51 | $1.56 | $1.61 | $1.66 |
| Trailing 12 months EPS |  | $10.90 | $11.48 | $12.06 | $12.64 | $13.23 | $13.81 | $14.39 | $14.97 | $15.55 | $16.13 | $16.71 |
| Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning Cash |  | $14,816,678.35 | $17,768,619.50 | $20,841,705.90 | $21,973,622.47 | $25,288,999.34 | $28,725,521.45 | $29,966,966.60 | $33,645,779.18 | $37,445,737.01 | $38,796,710.73 | $42,838,959.03 |
| Changes from Earnings |  | $2,936,991.16 | $3,058,086.39 | $3,179,231.63 | $3,300,276.87 | $3,421,522.11 | $3,542,687.35 | $3,663,811.58 | $3,784,957.82 | $3,906,103.06 | $4,017,248.30 | $4,148,353.54 |
| Amortization Non-Cash |  | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 | $15,000.00 |
| Changes from Capital |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Changes in Dividends | 17% | $ - | $ - | $(2,062,315.05) | $ - | $ - | $(2,316,222.20) | $ - | $ - | $(2,370,129.34) | $ - | $ - |
| Changes in Short Term Debt |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Changes from AP/AR |  | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Ending Cash |  | $17,768,619.50 | $20,841,705.90 | $21,973,622.47 | $25,288,999.34 | $28,725,521.45 | $29,966,966.60 | $33,645,779.18 | $37,445,737.01 | $38,796,710.73 | $42,838,959.03 | $47,002,352.56 |
| Short term Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash & Short Term Instruments |  | $17,768,619.50 | $20,841,705.90 | $21,973,622.47 | $25,288,999.34 | $28,725,521.45 | $29,966,966.60 | $33,645,779.18 | $37,445,737.01 | $38,796,710.73 | $42,838,959.03 | $47,002,352.56 |
| Accounts Receivable |  | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Short Term Assets |  | $17,768,619.50 | $20,841,705.90 | $21,973,622.47 | $25,288,999.34 | $28,725,521.45 | $29,966,966.60 | $33,645,779.18 | $37,445,737.01 | $38,796,710.73 | $42,838,959.03 | $47,002,352.56 |
| Long term Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| IP |  | $480,000.00 | $465,000.00 | $450,000.00 | $435,000.00 | $420,000.00 | $405,000.00 | $390,000.00 | $375,000.00 | $360,000.00 | $345,000.00 | $330,000.00 |
| Other Long term Assets |  | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long term Assets |  | $480,000.00 | $465,000.00 | $450,000.00 | $435,000.00 | $420,000.00 | $405,000.00 | $390,000.00 | $375,000.00 | $360,000.00 | $345,000.00 | $330,000.00 |
| Total Assets |  | $18,248,619.50 | $21,306,705.90 | $22,423,622.47 | $25,723,999.34 | $29,145,521.45 | $30,371,966.60 | $34,035,779.18 | $37,820,737.01 | $39,156,710.73 | $43,183,959.03 | $47,332,352.56 |
| Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
| Short Term Liabilities |  | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 | $6,000.00 |
| Accounts Payable |  | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) | $(200,000.00) |
| Total Short Term Liabilities |  | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) |
| Total Short & Long Term Liabilities |  | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) | $(194,000.00) |
| Equity |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital |  | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 | $1,600.00 |
| Additional Paid In Capital |  | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 | $5,120,000.00 |
| Dividends Paid |  | $(22,256,661.27) | $(22,256,661.27) | $(24,318,976.50) | $(24,318,976.50) | $(24,318,976.50) | $(26,435,168.52) | $(26,435,168.52) | $(26,435,168.52) | $(26,205,327.86) | $(26,205,327.86) | $(26,205,327.86) |
| Current Earnings |  | $36,451,666.89 | $39,509,753.28 | $42,288,989.91 | $45,989,361.78 | $49,410,883.89 | $52,953,551.24 | $56,817,363.82 | $60,402,321.44 | $64,308,424.70 | $68,535,673.00 | $72,484,066.54 |
| Amortized Earnings |  | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) | $(873,986.11) |
| Total Equity |  | $18,442,619.50 | $21,306,705.90 | $22,617,622.47 | $25,917,999.34 | $29,339,521.45 | $30,565,966.60 | $34,229,779.18 | $38,014,737.01 | $39,350,710.73 | $43,377,959.03 | $47,526,352.56 |

# EXHIBIT B: SUBSCRIPTION PROCESS

### Signature Process

THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING. THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE 'ACT'), OR ANY STATE SECURITIES OR BLUE-SKY LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND STATE SECURITIES OR BLUE-SKY LAWS. ALTHOUGH FORM C HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE 'SEC'), THAT FORM C DOES NOT INCLUDE THE SAME INFORMATION THAT WOULD BE INCLUDED IN A REGISTRATION STATEMENT UNDER THE ACT. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON THE MERITS OF THIS OFFERING OR THE ADEQUACY OR ACCURACY OF THE SUBSCRIPTION AGREEMENT OR ANY OTHER MATERIALS OR INFORMATION MADE AVAILABLE TO SUBSCRIBER IN CONNECTION WITH THIS OFFERING OVER THE WEB-BASED PLATFORM MAINTAINED BY WEFUNDER (THE 'PLATFORM'). ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

INVESTORS WHO ARE NOT 'ACCREDITED INVESTORS' (AS THAT TERM IS DEFINED IN SECTION 501 OF REGULATION D PROMULGATED UNDER THE ACT) ARE SUBJECT TO LIMITATIONS ON THE AMOUNT THEY MAY INVEST, AS SET OUT IN SECTION 4. THE COMPANY IS RELYING ON THE REPRESENTATIONS AND WARRANTIES SET FORTH BY EACH SUBSCRIBER IN THIS SUBSCRIPTION AGREEMENT AND THE OTHER INFORMATION PROVIDED BY SUBSCRIBER IN CONNECTION WITH THIS OFFERING TO DETERMINE THE APPLICABILITY TO THIS OFFERING OF EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT.

PROSPECTIVE INVESTORS MAY NOT TREAT THE CONTENTS OF THE SUBSCRIPTION AGREEMENT, THE OFFERING MEMORANDUM OR ANY OF THE OTHER MATERIALS AVAILABLE ON THE PLATFORM (COLLECTIVELY, THE 'OFFERING MATERIALS') OR ANY PRIOR OR SUBSEQUENT COMMUNICATIONS FROM THE COMPANY OR ANY OF ITS OFFICERS, EMPLOYEES OR AGENTS (INCLUDING 'TESTING THE WATERS' MATERIALS) AS INVESTMENT, LEGAL OR TAX ADVICE. IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THIS OFFERING, INCLUDING THE MERITS AND THE RISKS INVOLVED. EACH PROSPECTIVE INVESTOR SHOULD CONSULT THE INVESTOR'S OWN COUNSEL, ACCOUNTANT AND OTHER PROFESSIONAL ADVISOR AS TO INVESTMENT, LEGAL, TAX AND OTHER RELATED MATTERS CONCERNING THE INVESTOR'S PROPOSED INVESTMENT.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS 'ESTIMATE,' 'PROJECT,' 'BELIEVE,' 'ANTICIPATE,'

“INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

THE COMPANY MAY NOT BE OFFERING THE SECURITIES IN EVERY STATE. THE OFFERING MATERIALS DO NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE OR JURISDICTION IN WHICH THE SECURITIES ARE NOT BEING OFFERED. THE INFORMATION PRESENTED IN THE OFFERING MATERIALS WAS PREPARED BY THE COMPANY SOLELY FOR THE USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. NO REPRESENTATIONS OR WARRANTIES ARE MADE AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED IN ANY OFFERING MATERIALS, AND NOTHING CONTAINED IN THE OFFERING MATERIALS IS OR SHOULD BE RELIED UPON AS A PROMISE OR REPRESENTATION AS TO THE FUTURE PERFORMANCE OF THE COMPANY. THE COMPANY RESERVES THE RIGHT IN ITS SOLE DISCRETION AND FOR ANY REASON WHATSOEVER TO MODIFY, AMEND AND/OR WITHDRAW ALL OR A PORTION OF THE OFFERING AND/OR ACCEPT OR REJECT IN WHOLE OR IN PART ANY PROSPECTIVE INVESTMENT IN THE SECURITIES OR TO ALLOT TO ANY PROSPECTIVE INVESTOR LESS THAN THE AMOUNT OF SECURITIES SUCH INVESTOR DESIRES TO PURCHASE. EXCEPT AS OTHERWISE INDICATED, THE OFFERING MATERIALS SPEAK AS OF THEIR DATE. NEITHER THE DELIVERY NOR THE PURCHASE OF THE SECURITIES SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THAT DATE.

TO: ELEVARE TECHNOLOGIES, INC.  
100 ILLINOIS STREET, SUITE 200  
SAINT CHARLES, IL 60147

Ladies and Gentlemen:

# 1. Subscription.

(a) The undersigned (“Subscriber”) hereby irrevocably subscribes for and agrees to purchase Class B Common Stock (the “Securities”) of Elevare Technologies, Inc., a Delaware corporation (the “Company”), at the price set forth on the Platform’s investment page (the “Per Security Price”), upon the terms and conditions set forth herein. The minimum subscription is $500. The rights of the Securities are as set forth in the Certificate of Incorporation.

(b) Subscriber understands that the Securities are being offered pursuant to a Reg. CF Offering Memorandum dated March 10th, 2023 (the “Offering Memorandum”) filed with the SEC as part of the Form C. By executing this Subscription Agreement, Subscriber acknowledges that Subscriber has received this Subscription Agreement, copies of the Offering Memorandum and Form C including exhibits thereto and any other information required by the Subscriber to make an investment decision.

(c) The Subscriber’s subscription may be accepted or rejected in whole or in part, at any time prior to a Closing Date (as hereinafter defined), by the Company at its sole discretion. In addition, the Company, at its sole discretion, may allocate to Subscriber only a portion of the number of Securities Subscriber has subscribed for. The Company will notify Subscriber whether this subscription is accepted (whether in whole or in part) or rejected. If Subscriber’s subscription is rejected, Subscriber’s payment (or portion thereof if partially rejected) will be returned to Subscriber without interest and all of Subscriber’s obligations hereunder with respect to such rejected subscription or portion thereof shall terminate.

(d) The aggregate number of Securities sold pursuant to Section 4(a)(6) of the Act in addition to those sold in the prior 12 months shall not exceed $1,235,000 (the “Maximum Offering”). The Company may accept subscriptions until the date set forth in the Form C filed with the SEC unless otherwise extended by the Company in its sole discretion in accordance with applicable SEC regulations for such other period required to sell the Maximum Offering (the “Termination Date”). Providing that subscriptions for $250,000 in Securities are received (the “Minimum Offering”), the Company may elect at any time to close all or any portion of this offering, on various dates at or prior to the Termination Date (each a “Closing Date”).

(e) In the event of rejection of this subscription in its entirety, or in the event the sale of the Securities (or any portion thereof) is not consummated for any reason, this Subscription Agreement shall have no force or effect, except for Section 5 hereof, which shall remain in force and effect.

(f) The terms of this Subscription Agreement shall be binding upon Subscriber and its transferees, heirs, successors and assigns (collectively, “Transferees”); provided that for any such transfer to be deemed effective, the Transferee shall have executed and delivered to the Company in advance an instrument in a form acceptable to the Company in its sole discretion, pursuant to which the proposed Transferee shall acknowledge, agree, and be bound by the representations and warranties of Subscriber, and the terms of this Subscription Agreement.

## 2. Purchase Procedure.

(a) Payment. The purchase price for the Securities shall be paid simultaneously with the execution and delivery to the Company of the signature page of this Subscription Agreement, which signature and delivery may take place through digital online means. Subscriber shall deliver a signed copy of this Subscription Agreement, along with payment for the aggregate purchase price of the Securities in accordance with the online payment process established by the Platform.

(b) Escrow arrangements. Payment for the Securities shall be received by North Capital Investment Services (the 'Escrow Agent') from the undersigned by transfer of immediately available funds or other means approved by the Company at least two days prior to the applicable Closing Date, in the amount as set forth in Appendix A on the signature page hereto and otherwise in accordance with Platform's payment processing instructions. Upon such Closing Date, the Escrow Agent shall release such funds to the Company. The undersigned shall receive notice and evidence of the digital entry of the number of the Securities owned by undersigned reflected on the books and records of the Company and verified by a transfer agent designated by the Company (the 'Transfer Agent'), which books and records shall bear a notation that the Securities were sold in reliance upon Regulation Crowdfunding under the Act.

## 3. Representations and Warranties of the Company.

The Company represents and warrants to Subscriber that the following representations and warranties are true and complete in all material respects as of the date of each Closing Date, except as otherwise indicated. For purposes of this Agreement, an individual shall be deemed to have 'knowledge' of a fact or other matter if such individual is aware of such fact. The Company will be deemed to have 'knowledge' of a particular fact or other matter if one of the Company's current officers has, or at any time had, actual knowledge of such fact or other matter.

(a) Organization and standing. The Company is a corporation duly formed, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

(b) Eligibility of the Company to Make an Offering under Section 4(a)(6). The Company is eligible to make an offering under Section 4(a)(6) of the Act and the rules promulgated thereunder by the SEC.

(c) Issuance of the Securities. The issuance, sale, and delivery of the Securities in accordance with this Subscription Agreement has been duly authorized by all necessary corporate action on the part of the Company. The Securities, when so issued, sold, and delivered against payment therefor in accordance with the provisions of this Subscription Agreement, will be duly and validly issued, fully paid and non-assessable.

(d) Authority for Agreement. The execution and delivery by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby (including the issuance, sale and delivery of the Securities) are within the Company's powers and have been duly authorized by all necessary corporate action on the part of the Company. Upon full execution hereof, this Subscription Agreement shall constitute a valid and binding agreement of the Company, enforceable against the

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Elevare Technologies, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** DE

**Date of Organization:** 03-30-2022

**Physical Address:** 100 ILLINOIS STREET, ST. CHARLES, IL, 60174

**Issuer Website:** www.elevaretechnologies.com

**Is there a Co-Issuer?:** No

**Intermediary Name:** NETSHARES FINANCIAL SERVICES LLC

**Intermediary CIK:** 0001805615

**Intermediary File Number:** 008-70502

**Intermediary CRD Number:** 000307532

### Offering Information

**Compensation to Intermediary:** At the conclusion of the offering, the Issuer shall pay a fee of three point two percent (3.2%)  of the amount raised in the offering to the intermediary.

**Financial Interest in Issuer:** The intermediary will not receive compensation in the form of securities.

**Type of Security Offered:** Common Stock

**Number of Securities Offered:** 25000

**Price per Security:** $10.00

**Target Offering Amount:** $250,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** First-come, first-served basis

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

**Deadline to Reach Target Amount:** 10-01-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 5.00

**Total Assets (Most Recent Fiscal Year):** $791,397.04

**Total Assets (Prior Fiscal Year):** $0.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $-24,635.59

**Cash & Cash Equivalents (Prior Fiscal Year):** $0.00

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

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

**Short-Term Debt (Most Recent Fiscal Year):** $311,134.62

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

**Long-Term Debt (Most Recent Fiscal Year):** $1,450,000.00

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

**Revenues/Sales (Most Recent Fiscal Year):** $20,755.85

**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):** $-1,150,473.83

**Net Income (Prior Fiscal Year):** $0.00

**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, PR, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING

### Signatures

**Issuer:** Elevare Technologies, Inc.

**Signature:** Steven J. Beaman

**Title:** Chief Executive Officer

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**Signature:** Steven J. Beaman

**Title:** Chief Executive Officer

**Date:** 03-22-2023