# EDGAR Filing Document

**Accession Number:** 0001964421
**File Stem:** 0001670254-23-000062
**Filing Date:** 2023-2
**Character Count:** 188044
**Document Hash:** 4f4b0c167adea2e52c5695da6151be13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000062.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001670254-23-000062

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 8

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jack Henry, Inc.
- **CENTRAL INDEX KEY:** 0001964421
- **IRS NUMBER:** 920555363

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31723
- **FILM NUMBER:** 23580641

**BUSINESS ADDRESS:**
- **STREET 1:** 2948 RANDOLPH AVE
- **CITY:** COSTA MESA
- **STATE:** CA
- **ZIP:** 92626
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 2948 RANDOLPH AVE
- **CITY:** COSTA MESA
- **STATE:** CA
- **ZIP:** 92626

## Ex-99

### Attached PDF Documents

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

# Form C

## Cover Page

Name of issuer

Jack Henry, Inc.

Legal status of issuer:

Form: Corporation
Transaction of incorporation/Organization: DE
Date of organization: 5/15/2017

Product address of issuer:

2648 Burnleigh Ave
Castle Mesa CA 92626

Website of issuer:

https://jackhenry.ca/

Name of intermediary through which the offering will be conducted:

Wefander Portal LLC

ID#: number of intermediary:

0001670254

SEC ID#: number of intermediary:

007-00033

CRD number: if applicable, of intermediary:

263503

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 issuer amounts a net available at the time of the filing, for conducting the offering, including the amount of interest and any other fees associated with the offering.

75% of the offering amount upon a successful fundraiser, and be entitled to an endorsement for a set of product third party expenses if pays or incurs no behalf of the issuer in connection with the offering.

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

Ref

Type of security offered:

☐ Common Stock
☐ Preferred Stock
☐ Gold
☐ Other

If Other, describe the security offered:

Simple Agreement for Future Equity (SAPF)

Target number of securities to be offered:

90,000

Price:

$1,000,000

Method for determining price:

Provisional portion of the total principal value of $90,000; interests will be sold in increments of $1 each investment is convertible to one share of stock as described under item 15.

Target offering amount:

$90,000.00

Over-subscriptions accepted:

☐ Yes
☐ No

If you, disobey how over-subscriptions will be allocated:

☐ Micro-sale basis
☐ First-come, first-served basis
☐ Other

If other, describe how over-subscriptions will be allocated:

As determined by the issuer

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

$1,200,000.00

Residue to reach the target offering amount:

4/30/2021

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

Current number of employees:

11

|  | Most recent fiscal year-end | Prior fiscal year-end |
| --- | --- | --- |
| Total Assets | $676,642.00 | $91,566.00 |
| Cash & Cash Equivalents | $196,422.00 | $65,724.00 |
| Accounts Receivables | $26,499.00 | $4,295.00 |
| Debtors | $337,093.00 | $58,431.00 |
| Long-term Debt | $318,644.00 | $33,159.00 |
| Investment Taxes | $1,194,774.00 | $1,205,489.00 |
| Cost of Goods Sold | $465,818.00 | $350,385.00 |
| Taxes Sold | $0.00 | $0.00 |
| Net Income | ($343,080.00) | ($40,258.00) |

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

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

## Offering Statement

Respond to underpayment or cash proceeds of this part. Not both such payment and any notes, but not any statement thereto, or lists entirely. If disobey or disobey in any specific or important business or other offer, it is not to be used to use the other hand. If a certain or other of the other

to be applicable to the response is available elsewhere in the Form, either, or in the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application, except a copy of the application

for any control and practice in an existing all-gazette. One full and complete amount to that they are not outstanding under the circumstances involved. On our device any future performance or other and/or performance orders you have a reasonable basis to believe that it will actually occur within the biometric limits. If any events requiring a particular information is currently associated, or may be further increased based on the information.

# THE COMPANY

1. Name of issue:

Jack Henry, Inc.

# COMPANY ELIGIBILITY

1. Check this box to certify that all of the following statements are true for the issue:
- Organized under, and caused by, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to the reports pursuant to Section 13 or Section 10.26 of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1935.
- Not complete to rely on this exemption under Section 4(a)(8) of the Securities Act as a result of a disqualification specified in Rule 5(8)(a) of Regulation Crowdfunding.
- Not held 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 on the 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 impose in a manner or acquisition with an unidentified company or companies.

INSTRUCTION TO QUESTION 2: If any of these statements are not true, then you are NOT eligible to rely on this exemption under Section 4(a)(8) of the Securities Act.

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

☐ Yes ☑ No

# DIRECTORS OF THE COMPANY

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

| Director | Principal Occupation | Date | Year Issued as Director |
| --- | --- | --- | --- |
| Kyle Bardouche | CEO & Founder | Jack Henry | 2017 |

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

# OFFICERS OF THE COMPANY

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

| Officer | Position Held | Year Issued |
| --- | --- | --- |
| Kyle Bardouche | CEO | 2017 |
| Kyle Bardouche | Founder | 2017 |

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

INTERVIEWER REQUIREMENT: If any purpose of this document is to be used, the following information is provided in the following section: (1) The information is provided in the following section, which is not to be used in the following section.

# PRINCIPAL SECURITY HOLDERS

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

| Name of Holder | Pre and Date of Securities Year Held | % of Voting Power Paid to Offering |
| --- | --- | --- |
| Kyle Bardouche | 10000000.0 Common Stock | 100.0 |

INTERVIEWER REQUIREMENT: The above information is provided in the following section: (1) The person is the sole official of the offering statement.

It is not a result that the person is a result of an event that will be present directly or indirectly from the event. The event is not a result of an event that will be present in the event. If the person has the right to engage in the event, it is not a result of an event that will be present in the event. If the person has the right to engage in the event, it is not a result of an event that will be present in the event. If the person has the right to engage in the event, it is not a result of an event that will be present in the event. If the person has the right to engage in the event, it is not a result of an event that will be present in the event.

# BUSINESS AND ANTICIPATED BUSINESS PLAN

1. Describe in detail the business of the issuer and the anticipated business plan of the issue.

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

INTERVIEWER REQUIREMENT: If the issuer is a result of an event, it is not a result of an event that will be present in the event. The issuer is a result of an event that will be present in the event.

The issuer has no information on the issue. The issuer is not a result of an event that will be present in the event. The issuer is a result of an event that will be present in the event.

# RISK FACTORS

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

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

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

2. Discuss the issue or factors that make an investment in the issuer specialties or rules:

Relance on third-party platforms for distribution, marketing, or development. Social media, Amazon/online marketplace and trading services.

The company has the full discretion to spend invested funds where the directors see fit.

The natural and organic beauty industry is very competitive and is cash intensive in order to succeed.

In order to respond to market changes, the Company's management may from time to time make changes to the business of the Company. There are certain risks associated with such changes. As a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service or marketing decisions or business combinations that could have a material adverse effect on the Company's business, results of operations and financial condition.

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

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

OFFERED BY THE OFFERER: The Company's business and its business is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not a company or a company that is not

## The Offering

### USE OF FUNDS

1. What is the purpose of this offering?

The Company intends to use the net proceeds of this offering for working capital and general corporate purposes, which includes the specific items listed in item 62 below. While the Company expects to use the net proceeds from the offering in the manner described above, it cannot specify with certainty the particular uses of the net proceeds that it will receive from this Offering. Accordingly, the Company will have broad discretion in using these proceeds.

10. How does the lower bound to use the proceeds of this offering?

If we are 500,000

50% 62.5% Jack Henry Studios #2

If we need 50,000

50% Jack Henry Studios #2

10% new hires to fuel growth

### DELIVERY & CANCELLATIONS

1. How will the lower complete the investment and deliver securities to the investors?

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

10. How can an investor cancel an investment commitment?

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

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

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

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

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

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

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

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

The Company's right to cancel. The Investment Agreement will not include with us

provides the Company the right to cancel for any reason before the offering deadline.

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

# Ownership and Capital Structure

## THE OFFERING

10. Describe the terms of the securities being offered.

To view a copy of the SAFE you will purchase, please see Appendix B, Investor Contracts. The main terms of the SAFE are provided below.

The SAFE, title are offering securities in the form of a Simple Agreement for Future Equity ("SAFE"), which provides investors the right to preferred stock in the Company ("Preferred Stock"), when and if the Company operates an equity offering that involves Preferred Stock, on the standard terms offered to other investors.

Committee to Preferred Equity. Based on our SAFE, when we engage in an offering of equity interests involving preferred stock, investors will receive a number of shares of preferred stock calculated using the method that results in the greater number of preferred stock.

i. the total value of the investor's investment, divided by
  a. the price of preferred stock issued to new investors multiplied by
  b. the discount rate (18%); or
ii. if the valuation for the company is more than $10,000,000.00 (the "Valuation Cap"), the amount invested by the investor divided by the quotient of
  a. the Valuation Cap divided by
  b. the total amount of the Company's capitalization at that time.

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

- Includes all shares of Capital Stock issued and outstanding;

- Includes all Converting Securities;

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

Exhibit D (a). If the Company has an initial public offering or is acquired by merged with, or otherwise taken over by another company or new owners prior to investors in the SAFE receiving preferred stock, investors will receive

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

Exhibit E (a). In a Liquidity Event or Description Event, this Safe is intended to operate the standard nonparticipating Preferred Stock. The investor's right to remove its Cash-Out Amount is:
1. A prior to payment of outstanding indebtedness and creditor claims, including contractual costs for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into Capital Stock);
2. On par with payments for other Safes and/or Preferred Stock, and if the applicable investor are insufficient to permit full payments to the investor and such other Safes and/or Preferred Stock, the applicable Proceeds will be distributed pro rata to the investor and such other Safes and/or Preferred Stock in proportion to the full payments that would otherwise be due, and
iii. Senior to payments for Common Stock.

## Securities Issued by the SPV

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

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

## Voting Rights

If the securities offered by the Company and those offered by the SPV have voting rights, those voting rights may be exercised by the investor at his or her proxy. The applicable proxy is the Lead Investor, if the Proxy (described below) is in effect.

## Proxy to the Lead Investor

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

## Restriction on Transferability

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

10. On the securities offered from voting rights?

☐ Yes
☑ No

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

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

12. How may the terms of the securities being offered be construed?

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

i. the investor or
ii. the majority in interest of all then- outstanding Safes with the same "Post-

money, education, and other education. After all, the new home home, working one or both of such home will be considered to be the same with respect to such home(s), provided that with respect to clause (C).
A. The Purchase Amount may not be amended, waived or modified in this manner.
B. The amount of the investor and each holder of such Sales must be excluded (does it not add and) and
C. such amendment, waiver or modification made, all such holders in the same manner. "Property-in-interest" refers to the holders of the applicable group of Sales whose Sales have a total Purchase Amount greater than 50% of the total Purchase Amount of all of such applicable group of Sales.

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

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

# RESTRICTIONS ON TRANSFER OF THE SECURITIES BEING OFFERED:

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

1. in the event
2. in an accredited manner
3. copies of an existing statement with the U.S. Securities and Exchange Commission or
4. in a section of the hands of the purchaser or his agent(s), in a text entitled by the purchaser, in a manner and for the benefit of a number of the hands of the purchaser or his agent(s), or in a committee website such as a license of the purchaser or other articles or a company

NOTE: The term "accruited investor" means any person who comes within any of the categories set forth in Rule 107(a) of Regulation S, or who the other 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, steer, child, parent, parent, parent, steer, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent, parent

# DESCRIPTION OF ISSUER'S SECURITIES

1) What other securities or licenses of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or licenses of securities of the issuer:

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Preferred Stock | 176,165 | 80,965 | No |
| Common Stock | 10,000,000 | 6,000,000 | Yes |

# Securities Reserved for
Issuer upon Exercise or Conversion

Woments:

Options:

Describe any other rights:

If these SAPEs convert, they will convert into Preferred Shares, Preferred Shares have liquidated preference over Common Shares and no voting rights.

1) How may the rights of the securities being offered be materially limited, related or qualified by the rights of any other class of security identified above?

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

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

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

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

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

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

No.

2) How could the exercise of rights held by the principal shareholders identified in Question 6 above affect the number of the securities being offered?

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

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

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

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

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

The offering price for the securities offered pursuant to this Form C has been determined relatively by the Company, and does not necessarily bear any information to the Company's final value, except, however, or other amounts.

accepting valuation criteria. In determining the offering price, the Company did not employ investment banking firms or other outside organizations to make an independent appraisal or evaluation. Accordingly, the offering price should not be considered to be indicative of the actual value of the securities offered hereby.

The initial amount invested in a S&P is determined by the investor, and we do not guarantee that the S&P will be converted into any particular number of shares of Preferred Stock. As discussed in Question 12, when we engage in an offering of equity interests involving Preferred Stock, investors may receive a number of shares of Preferred Stock calculated as either (i) the total value of the investor's investment divided by the price of the Preferred Stock being issued by new investors; or (ii) if the valuation for the company is more than the Valuation Cap, the amount invested divided by the quotient of (a) the Valuation Cap divided by (b) the total amount of the Company's capitalization at that time.

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

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

- unrelated third party valuations;

- the price at which we sell other securities in light of the relative rights, preferences and privileges of those securities;

- our results of operations, financial position and capital resources;

- current business conditions and projections;

- the marketability or lack thereof of the securities;

- the hiring of key personnel and the experience of our management;

- the introduction of new products;

- the risk inherent in the development and expansion of our products;

- our stage of development and material risks related to our business;

- the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business;

- industry trends and competitive environment;

- trends in consumer spending, including consumer confidence;

- overall economic indicators, including gross domestic product, employment, inflation and interest rates; and

- the general economic outlook.

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

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

An investor in the Company will likely hold a minority position in the Company, and thus be limited as to its ability to control or influence the governance and operations of the Company.

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

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

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

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

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

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

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

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

14. Describe the material items of any indebtedness of the issuer:

Name

ATTACH THIS PAGE PAGE 14 WITH THE ABOVE APPLICABLE APPLICATION WITH THE ABOVE APPLICABLE APPLICATION

25. What other essential offerings has the issuer reimbursed within the past three years?

| Offering Date | Exception | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 8/2020 | 5x10x4 (4,000) |  | $70,000 | General operations |
| 8/2021 | Regularize B, Bure (900s) | Preferred stock | $426,000 | General operations |

26. This is the issuer or any entities contracted by or under common control with the issuer's party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction where the amount received exceeds the amount of the reasonable amount of capital raised by the issuer in reliance on certain profits of the securities not during the preceding 12-month period, including the amount the issuer takes to issue in the current effective, in which any of the following persons had at its time a direct or indirect expense received:

1. any member or officer of the issuer;
2. any person who is, as of the most recent practicable date, the benefit or owner of (2) persons or heirs of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. If the issuer was interspersed or organized within the past three years, any provision of this issuer;
4. (a) (b) (c) immediate family member of any of the foregoing persons;
☐ Yes
☐ No

INSTRUCTIONS: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) (v) (w) (x) (y) (z) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) (v) (w) (x) (y) (z) (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q)

General information is provided in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form of a document that is not to be used in the form

The term "weight of the party" includes the whole, required, and the portion, applicable, and the portion of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share

I assume the amount of a share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share of the party's share

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

☐ Yes
☐ No

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

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

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

#### Overview

We make down a functional body case that supports a healthy microcosm.

#### Milestones

Jack Henry, Inc. was incorporated in the State of Delaware in May 2017.

Since then, we have:

- Over $5m in revenue, fulfilled over 98,000 orders, with 75% customer return rate
- True semi-channel revenue approach, Establishing four distinct channels, 2021 - 2022 100% rent growth
- Exterminations • CAC 10 - ADAS 5.43x - ADV 140 - LTV/CPA 9.28
- Retailers include Sale 5th Ave, JCrow, Dreyfuss, Remedy Place, Vantage
- Featured in EQ, Hyperbeat, Rolling Stone, Forbes, Uncide, Men's Health, Wall + Good, Shop, Bottle
- Proprietary plant-based formulas that are original, sustainable, country-free certified and organic
- Launched pack family studies, a brick-and-mortar wellness club that offers hair and skin services

#### Historical Results of Operations

- Revenues & Gross Margin: For the period ended December 31, 2021, the Company had revenues of $1,134,774 compared to the year ended December 31, 2020, when the Company had revenues of $1,208,480.
- Accs: As of December 31, 2021, the Company had total assets of $876,642, including $766,422 in cash. As of December 31, 2020, the Company had $181,366 in total assets, including $65,724 in cash.
- Income: The Company has had net losses of $343,060 and net losses of $40,258 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
- Auditors: The Company's liabilities totaled $676,937 for the fiscal year ended December 31, 2021 and $283,581 for the fiscal year ended December 31, 2020.

#### Liquidity & Capital Resources

To date, the company has been financed with $750,935 in debt and $426,000 in equity.

After the conclusion of this offering, should we let our minimum funding target, our projected runway is 12 months before we need to raise further capital.

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

We will likely require additional financing in excess of the proceeds from the offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately protect whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

#### Runway & Short/Mid Term Expenses

Jack Henry, Inc. cash in hand is $401,932.14, as of January 2023. Over the last three months, revenues have averaged $365,204/month, cost of goods sold has averaged $80,500/month, and operational expenses have averaged $176,163/month, for an average net margin of $49,144 per month.

Over 2022, we are on target for a 100% increase in growth of revenue for the brand. The past three months for the brand have been profitable and we are seeing all our hard work turn into significant growth.

Over the next 3-6 months we are preceding $1.25m - $2.5m in total revenue. We have product launches scheduled each month for the next 4 months. Introducing new categories including our first-ever fragrance and our FDA SPF approved sun cream.

The past 2 months have been profitable as we've scaled revenue and can continue on this track of profitability.

Outside of funds raised on Wefunder, we have cash on hand from a premium round. We have access to term loans, cash advances, lines of credit, friends and family.

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

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# FINANCIAL INFORMATION

19. In the financial statements covering the two most recently completed fiscal years in the period 2016 and 2017, it is not

Refer to Appendix C, Financial Statements

1. Kyle Barmbrue, with the

(1) the financial statements of Jack Henry, Inc. included in the Form are true and complete in all material respects; and

(2) the financial information of Jack Henry, Inc. included in this Form reflects accurately the information reported on the tax return for Jack Henry, Inc. Paid for the most recently completed fiscal year.

Kyle Barmbrue
CEO & Founder

# STAKEHOLDER ELIGIBILITY

10. With respect to this issue, any development of the issue, any affected issue, any detected, efficient, general partner or managing member of the issue, any beneficial owner of 10 percent or more of the business, an operating and/or regular security, any an order connected with the issue in any security of the time of such sale, any person that has been or will be paid (usually or not only) versus neither the acquisition of public or a company with paid sale of securities, or any general partner, director, officer or managing member of any such service, prior to May 16, 2019.

(1) The any such person have completed, within 10 years for five years, in the case of events, from employees and affiliated organizations the filing of this offering statements of any liability or misdeemable:

1. In connection with the purchase or sale of any security? ☐ Yes ☐ No
2. Incoming the making of any false filing with the Commercial? ☐ Yes ☐ No
3. In coming out of the conduct of the business of an underwriter, license, dealer, municipal security dealer, investment service, funding partner or paid sale for all purchases of securities? ☐ Yes ☐ No

(2) In any such person subject to any other, statement of shares of any stock of companies' jurisdiction, entered within the place before the filing of the information required by Section 2023 of the Securities Act that, at its time of filing of this offering statement, reserves or orders such person from employee or contractor to engage in any conduct at practice:

1. In connection with the purchase or sale of any security? ☐ Yes ☐ No
2. Incoming the making of any false filing with the Commercial? ☐ Yes ☐ No
3. Incoming the filing of the conduct of the business of an underwriter, license, dealer, municipal security dealer, investment service, funding partner or paid sale for all purchases of securities? ☐ Yes ☐ No

(3) In any such person subject to a final order of a state securities commission (or an agency or officer of a state government) that has been a state authority that represents an express liability, having an association in which action, a state insurance commission for an agency or officer of a state government (or its business) or appropriate federal agency agency, the U.S. Community Finance Trading Commission or the National Credit Union Administration that

1. In the time of the filing of this offering statement (see the person here)
A. Association with an entity regulated by such commission, authority, agency or officer? ☐ Yes ☐ No
B. Engaging in the business of securities, insurance or banking? ☐ Yes ☐ No
C. Engaging in security association or credit union activities? ☐ Yes ☐ No
D. Commission is final order based on a violation of any law or regulation that prohibits fraudulent, misrepresentation or procedure conduct and for which the order was ordered within the 10 year period arising on the date of the filing of this offering statement? ☐ Yes ☐ No

(4) In any such person subject to an order of the Commission entered pursuant to Section 1000 or 1000 of the Exchange Act or Section 2000 of (1) of the Investment Advisors Act of 1990 that, at the time of the filing of this offering statement:

1. Council or member such person's registration as a broker, dealer, municipal security dealer, or investment service or funding partner? ☐ Yes ☐ No
2. Other federal law on the activities, functions or operations of such person? ☐ Yes ☐ No
3. In any such person from being associated with any entity or from participating in the offering of any party (e.g.)? ☐ Yes ☐ No

(5) In any such person subject to any order of the Commission entered within the place before the filing of this offering statement that, at the time of the filing of this offering statement, enters the private business and deals from something or causing a violation of future violation of:

1. any other related and fiscal condition of the limited securities (see, including without limitation Section 1012(1) of the Securities Act, Section 2012 of the Exchange Act, Section 2012 of the Exchange Act and Section 2012 of the Investment Partners Act of 1990 or any other law or regulation thereunder? ☐ Yes ☐ No
2. Section 1 of the Securities Act? ☐ Yes ☐ No

(6) In any such person suspended or expelled from membership by, or suspended or waived from association with a member of, a registered national security exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of law(s):

☐ Yes ☐ No

(7) May any such person filed as a registrant or issuer, or one any such person or one any such person named as an administrator, any registration statement or Regulation in offering statement filed with the Commission filed, within five years before the filing of this offering statement, was the subject of a release order, ship order, or order suspending the Regulation in exemption, or in any such person, at the time of such filing, the subject of an investigation or proceeding to determine whether a class order or suspension order should be issued?

☐ Yes ☐ No

(8) In any such person subject to a United States Postal Service false representation order entered within five years before the filing of the information required by Section 1000 of the Securities Act, or in any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to substitute a scheme or device for obtaining money or property through the mailing means of false representations?

☐ Yes ☐ No

If you would have answered "Yes" to any of these questions had the conviction, enter,

judgment, decree, suspension, expulsion or ban occurred or been issued after May 15, 2016, then you are NOT eligible to rely on this exemption under Section 4(a)(3) of the Securities Act.

ATTENTION OF QUOTAS 10. These information is intended to be used in the event of a change in the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the law or the law of the

The following table provides the information in English:

# OTHER MATERIAL INFORMATION

21. In addition to the information necessary to be included in this Form, include:

(1) any other material information presented to investors, and

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

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

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

The Lead Investor can quit at any time or can be removed by Wellunder Inc. for cause or pursuant to a note of investors as detailed in the Lead Investor Agreement. In the event the Lead Investor quits or is removed, the Company will choose a Successor Lead Investor who must be approved by Wellunder Inc. The identity of the Successor Lead Investor will be disclosed to investors, and those that have a Proxy in effect can choose to either leave such Proxy in place or revoke such Proxy during a 3-day period beginning with notice of the replacement of the Lead Investor.

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

Although the Lead Investor may act in multiple roles with respect to the Company's offerings and may potentially be compensated for some of its services, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of securities issued by or related to the Company. As a result, the Lead Investor's interests should always be aligned with those of investors. It is, however, possible in some limited circumstances the Lead Investor's interests could diverge from the interests of investors, as discussed in section 4 above.

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

Tax Filings. In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer identification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (1) two (2) years of making their investment or (3) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherwise payable to the investor in amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agreement for additional information about tax filings.

ATTENTION OF QUOTAS 10. If you want to be a good or bad, you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but you are not a good, but

# ONGOING REPORTING

12. The issuer will be a report in accordance with the Securities & Exchange Commission annually and each the report on its records, no later than

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

13. Once posted, the annual report may be based on the issuer's website at: https://posthancy.co/invest

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

1. the issuer is required to file reports under Exchange Act Sections 1(b) or 1(b).
2. the issuer has filed at least one annual report and has lower than 300 holders of record.
3. the issuer has filed at least three annual reports and has filed more than do not exceed 100 million.
4. the issuer or another party purchases or expenditures all of the securities issued pursuant to Section 4(a)(3), including any payment in full of debt securities or any complete redemption of unfavorable securities, or the issuer liquidates or otherwise to accordance with data law.

# APPENDICES

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement

SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials

Appendix D: Director & Officer Work History

Kyle Bardouche

Appendix E: Supporting Documents

# Signatures

Increased measurements or omissions of focus conditioned federal criminal violations, See 18 U.S.C. 1993.

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement

SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials I

Appendix D: Director & Officer Work History

Kyle Bardouche

Appendix E: Supporting Documents

Pursuant to the requirements of Sections 4(a)(3) and 4(c) of the Securities Act of 1933 and Regulation Comoffending (§ 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.

Jack Henry, Inc.

By

Kyle Bardouche

Founder & CEO

Pursuant to the requirements of Sections 4(a)(3) and 4(c) of the Securities Act of 1933 and Regulation Comoffending (§ 227.100 et seq.), this Form C and Transfer Agent Agreement has been signed by the following persons in the capacities and on the dates indicated.

Kyle Bardouche

Founder & CEO

1/10/2023

The Form C may be signed by the issuer, or attached to such other or others, or attached to such other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other or other

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

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

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

INVEST IN JACK HENRY

# We make clean + functional body care that supports a healthy microbiome

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

Jack Henry's: Carole News California

MEAN REACTION

**Mike Erickson** (1993, 2009, member 1) is led by having leadership and support an innovative sustainable and key. He also continues to be the consumer. Product placement is critical in reducing the brand for AI. The company has managed to create a strong Qmix presence in the marketplace through its strong marketing efforts. It is focused on the consumer by providing high-quality products with care for the environment. In addition, it's made a strong business model to provide revenue stream for the company. But, however, it's probably using with a quality assurance model the customer is making it more hard for itself. Funded to be part of a brand that has the potential to manage the industry.

**Invested $50,000 this round**

# Highlights

1 Over $5m in revenue, fulfilled over 98,000 orders, with 73% customer return rate.
2 True omni-channel revenue approach. Establishing four distinct channels. 2021 - 2022 100% YoY growth
3 Ecomm metrics = CAC $9 - ROAS 5.43x - ADV $49 - LTV/CPA 9.29
4 Retailers include Saks 5th Ave, J.Crew, Erewhon, Remedy Place, Vorishop
5 Featured in GQ, Hyperbeat, Rolling Stone, Forbes, Uncrate, Men's Health, Well + Good, goop, Byrdle
6 Proprietary plant-based formulas that are original, sustainable, cruelty-free certified and organic
7 Launched jack henry studios, a brick-and-mortar wellness club that offers hair and skin services
8 Studio metrics = CAC $15 - ROAS 13.3x - ADV $83.36 - LTV/CPA 73, Yearly LTV $960

# Our Team

**Kyle Bardouche** Founder & CEO

Kyle is a partnership business leader with 10+ years of experience in brand building, forging new categories and building a global presence. Previously, he has helped companies optimize and deliver product, build brand and business strategies.

**Doug Peters** Director of Operations

Doug oversees our operations from sourcing and logistics to scaling our in-house manufacturing processes. He joined our team in the early days and has a proven track record of driving efficiencies and on eye for quality and precision.

**Aj Ogden** Brand Director

Aj is a brand strategist and creative director with over 7 years of experience. He has built and overseen campaigns with brands such as Dyson, Adidas, Hyundai, google, Samsung and many more.

**Carlos Ortiz** Creative Director of Hair

Carlos is a leading trendsetter and natural talent in the hair and beauty industry. With over 20 years of humutting experience, he started his career in Los Angeles and then took on the New York hair scene for a decade. He will be heading up Studios NYC.

**Alec Dieppa** Head Formulator

A veteran of the beauty industry, His passion for creating products began over a decade ago and quickly became an education. Being hands-on as a hairstylist gives him a unique insight into the needs and bonds in the world of self care.

**Ben Rawitz** Strategic partner

10+ years of managing Tom Brady. The relationship between Tom and Goole extends far beyond the boardroom. Ben is a trusted advisor and friend. He touches all aspects of Tom's businesses and is a strong gatekeeper for Tom.

Jack Henry is often recognized not just for their clean + functional products, but for their commitment to

transparency and design. Winning awards such as 'hair product of the year', 'a sustainable grooming brand you need to know'.

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

**THE PROBLEM** - Mens hair and skincare products haven't evolved in decades. Most products on the market currently are filled with synthetics, toxins and harsh chemicals and are cheap and used as fillers. They aren't transparent nor sustainable. Men now, are reading ingredient labels and are conscious of what they're putting on their bodies every day.

Jack Henry is changing that.

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

**THE SOLUTION** - Through proprietary and transparent formulations, Jack Henry has created a place-based collection of full body care you can trust. Jack Henry sources the purest ingredients on the planet for each and every product, all designed to feed the microbiome and bring balance.

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

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

**TRACTION** - Over 4.5 million in total revenue, more than 90,000 total orders, best hair product of the year, best skincare product of the year, a 62% online customer return rate. These are just a few of the key highlights since inception. Jack Henry saw significant growth in 2020, resulting in a 488% increase and total revenue of 1.35 million respectively. Investing back into the infrastructure in 2021, Jack Henry is poised to see another notable step in growth in 2022, with projected revenue of 2.5 million.

The opening and success of Jack Henry Studios, a wellness club, has truly transcended the brand from strictly DTC, to solidified as full omni-channel. A recent partnership with Iconic David Pirezza Brands sets the stage for exciting growth in distribution in 2023.

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

jack henry® The conscious consumer

the jack henry customer doesn't fit into one singular age, cultural or geographic category, he is everywhere.

Jack Henry and Jack Henry are all in a town. The town is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city is a city, the city

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

# we have standards and so should you.

We have a 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100% of the 100

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

8

PRODUCTS: All formulations are proprietary and created in-house. No outside chemists or labs. Jack Henry operates and manages production, inventory, logistics, marketing, sales and product development in-house by their team. Jack Henry has a deep supply chain with family-run, eco-cert and sustainable farms for their ingredients.

jack henry® ingredient sourcing

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

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

# Market Landscape -

For years the words 'natural' and 'performance' were rarely used in the same sentence. Jack Henry is changing the way people think about their products. A category primarily dominated by corporate legacy players, Jack Henry is taking a new approach to an outdated industry.

Opportunity -

What's really in your body care? For decades brands have increasingly added cheap synthetics and fillers that aren't good for your body and are doing long-term damage.

# Competition -

We have two main categories of competitors, the old and antiquated grooming industry and new modern natural wellness brands.

# stay clean

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

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

# revenue projections

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

# forward-looking projections cannot be guaranteed.

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

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

2016

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

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

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

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

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

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

*forward-looking projections cannot be guaranteed*

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

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

# **use of funds**

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

# **Men's Personal Care Market Size -**

The global men's personal care market size was valued at USD 30.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. The growing demand for gender-specific products such as shampoos, conditioners, shaving creams, and face masks and pools by men is expected to positively impact the market.

According to a Byrdle article published in May 2020, in the U. S., the average male spends approximately USD 244 per month on skin care products, with facial moisturizers accounting for the majority of the money spent. The growing awareness of men's skincare products is predicted to increase demand in the upcoming years.

What started as a hair care brand transformed into a full-body personal care and wellness brand with new categories in eight including clean sunscreen, fragrance and supplements.

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

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

# Subscription Agreement

[INVESTMENT AMOUNT]

[INVESTMENT DATE]

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

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

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

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

# Subscription Agreement

# SCOPE OF AGREEMENT AND INVESTOR ELIGIBILITY
REPRESENTATIONS

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

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

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

INVESTOR'S REPRESENTATIONS AND COVENANTS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

# 6. Key Risk Factors

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

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

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

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

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

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

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

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

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

# 7. Compliance With Anti-Money Laundering Laws.

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

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

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

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

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

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

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

# 8. Regulatory Provisions

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

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

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

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

# 9. Miscellaneous Provisions

# 9.1. Indemnification

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

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

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

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

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

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

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

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

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

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

# 9.5. Confidentiality

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

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

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

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

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

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

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

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

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

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

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

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

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

SPV

Jack Henry I, as series of Wefunder SPV, LLC
By: Wefunder Admin, LLC, its Manager

By: Founder Signature

Date:

Name: Nicholas Tommarello

Title: Chief Executive Officer

Investor

[INVESTOR NAME]

By: Investor Signature

Date:

CONTACT INFORMATION:

Name: [INVESTOR NAME]

Mailing Address:

City:

Country:

E-mail:

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

**Type of Security:** Future Equity

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

To view a copy of the contract, please see **Appendix B, Investor Contracts** of
the Form C. The latest Form C or C/A filing be found here:
https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-
TYPE%3DC%2FA+or+FORM-
TYPE%3DC%29+and+CIK%3D0001964421&first=2016

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

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

Jack Henry, Inc.

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

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

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

The "Post-Money Valuation Cap" is $10,000,000

The "Discount Rate" is 90%

See Section 2 for certain additional defined terms.

# 1. Events

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

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

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

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

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

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

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

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

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

(iii) Senior to payments for Common Stock.

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

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

2. Definitions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

### 3. Company Representations

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

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

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

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

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

### 4. Investor Representations

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

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

### 5. Miscellaneous

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

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

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

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

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

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

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

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

*(Signature page follows)*

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

**COMPANY:**

Jack Henry, Inc.

By: *Founder Signature*

Name:

Title:

**INVESTOR:**

[INVESTOR NAME]

By: *Investor Signature*

Name: [INVESTOR NAME]

Title:

☐ Accredited Investor
☐ Unaccredited Investor

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

By:

Name:

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

# JACK HENRY LLC

# FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2021 AND 2020
(Unaudited)

# INDEX TO FINANCIAL STATEMENTS

(UNAUDITED)

|  | Page |
| --- | --- |
| INDEPENDENT ACCOUNTANT'S REVIEW REPORT | 1 |
| FINANCIAL STATEMENTS: |  |
| Balance Sheet | 2 |
| Statement of Operations | 3 |
| Statement of Changes in Members' Equity | 4 |
| Statement of Cash Flows | 5 |
| Notes to Financial Statements | 6 |

# INDEPENDENT ACCOUNTANT'S REVIEW REPORT

To the Board of Members
Jack Henry LLC
San Diego, California

We have reviewed the accompanying financial statements of Jack Henry LLC (the "Company,"), which comprise the balance sheet as of December 31, 2021, and December 31, 2020, and the related statement of operations, statement of members' equity (deficit), and cash flows for the year ending December 31, 2021, and December 31, 2020, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

# Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of 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 in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion.

# 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 conformity with accounting principles generally accepted in the United States of America.

# Going Concern

As discussed in Note 12, certain conditions indicate that the Company may be unable to continue as a going concern. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

November 18, 2022
Los Angeles, California

- 1 -

JACK HENRY LLC

BALANCE SHEET

(UNAUDITED)

| As of December 31, | 2021 | 2020 |
| --- | --- | --- |
| (USD $ in Dollars) |  |  |
| ASSETS |  |  |
| Current Assets: |  |  |
| Cash and Cash Equivalents | $196,422 | $65,724 |
| Accounts Receivable, net | 26,490 | 4,295 |
| Inventory | 152,767 | 20,827 |
| Prepaids and Other Current Assets | 575 | - |
| Total Current Assets | 376,255 | 90,846 |
| Property and Equipment, net | 261,714 | 84,770 |
| Intangible Assets | 25,750 | 5,750 |
| Security Deposit | 12,923 | - |
| Total Assets | $676,642 | $181,366 |
| LIABILITIES AND MEMBERS' EQUITY |  |  |
| Current Liabilities: |  |  |
| Accounts Payable | $21,461 | $ - |
| Credit Card | 51,650 | 27,840 |
| Current Portion of Promissory Note and Loans | 17,915 | 7,058 |
| Line of Credit | 26,482 | - |
| Other Current Liabilities | 239,785 | 121,533 |
| Total Current Liabilities | 357,293 | 156,431 |
| Promissory Note and Loans | 313,935 | 131,150 |
| Accrued Interest on Promissory Notes | 5,709 | - |
| Total Liabilities | 676,937 | 287,581 |
| MEMBERS' EQUITY |  |  |
| Members' Equity | (295) | (106,215) |
| Total Members' Equity | (295) | (106,215) |
| Total Liabilities and Members' Equity | $676,642 | $181,366 |

See accompanying notes to financial statements.

- 2 -

# JACK HENRY LLC  
 STATEMENTS OF OPERATIONS  
 (UNAUDITED)---

| For Fiscal Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| (USD $ in Dollars) |  |  |
| Net Revenue | $1,194,774 | $1,208,481 |
| Cost of Goods Sold | 460,818 | 390,386 |
| Gross Profit | 733,956 | 818,095 |
| Operating Expenses |  |  |
| General and Administrative | 732,359 | 430,400 |
| Research and Development | 1,992 | 6,833 |
| Sales and Marketing | 322,820 | 428,455 |
| Total Operating Expenses | 1,057,171 | 865,688 |
| Operating Income/(Loss) | (323,215) | (47,593) |
| Interest Expense | 54,155 | 1,874 |
| Other Loss/(Income) | (34,290) | (9,210) |
| Income/(Loss) before Provision for Income Taxes | (343,080) | (40,258) |
| Provision/(Benefit) for Income Taxes | - | - |
| Net Income/(Net Loss) | $(343,080) | $(40,258) |

*See accompanying notes to financial statements.*

---- 3 -

# JACK HENRY LLC  
 STATEMENTS OF CHANGES IN MEMBERS' EQUITY  
 (UNAUDITED)---

| (in , $US) | Members' Equity |
| --- | --- |
| Balance-December 31, 2019 | $2,962 |
| Capital Contribution | 594 |
| Capital Distribution | (69,513) |
| Net Income/(Loss) | (40,258) |
| Balance-December 31, 2020 | $(106,215) |
| Capital Contribution | 476,000 |
| Capital Distribution | (27,000) |
| Net Income/(Loss) | (343,080) |
| Balance-December 31, 2021 | $(295) |

*See accompanying notes to financial statements.*

---- 4 -

# JACK HENRY LLC  
 STATEMENTS OF CASH FLOWS  
 (UNAUDITED)

| For Fiscal Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| (USD $ in Dollars) |  |  |
| CASH FLOW FROM OPERATING ACTIVITIES |  |  |
| Net Income/(Loss) | $(343,080) | $(40,258) |
| Adjustments to reconcile net income to net cash provided/(used) by operating activities: |  |  |
| Depreciation of Property | 12,864 | 6,293 |
| Amortization of Intangible Assets | - | - |
| Changes in Operating Assets and Liabilities: |  |  |
| Accounts Receivable | (22,195) | (1,238) |
| Inventory | (131,940) | (18,889) |
| Prepaids and Other Current Assets | (575) | - |
| Accounts Payable | 21,461 | - |
| Credit Card | 23,810 | 13,136 |
| Other Current Liabilities | 118,252 | 121,533 |
| Security Deposit | (12,923) | - |
| Accrued Interest on Promissory Notes | 5,709 | - |
| Net Cash Provided/(Used) by Operating Activities | (328,617) | 80,576 |
| CASH FLOW FROM INVESTING ACTIVITIES |  |  |
| Purchases of Property and Equipment | (189,808) | (88,361) |
| Purchases of Intangible Assets | (20,000) | (5,750) |
| Net Cash Provided/(Used) in Investing Activities | (209,808) | (94,111) |
| CASH FLOW FROM FINANCING ACTIVITIES |  |  |
| Capital Contribution | 476,000 | 594 |
| Capital Distribution | (27,000) | (69,513) |
| Borrowing on Promissory Note and Loans | 193,642 | 138,208 |
| Borrowing on Line of Credit | 26,482 | - |
| Net Cash Provided/(Used) by Financing Activities | 669,124 | 69,289 |
| Change in Cash | 130,699 | 55,754 |
| Cash-beginning of year | 65,724 | 9,969 |
| Cash-end of year | $196,422 | $65,724 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |  |
| Cash paid during the year for interest | $54,155 | $1,874 |
| Cash paid during the year for income taxes | $ - | $ - |
| OTHER NONCASH INVESTING AND FINANCING ACTIVITIES AND SUPPLEMENTAL DISCLOSURES |  |  |
| Purchase of property and equipment not yet paid for | $ - | $ - |
| Issuance of equity in return for note | $ - | $ - |
| Issuance of equity in return for accrued payroll and other liabilities | $ - | $ - |

*See accompanying notes to financial statements.*

- 5 -

# **JACK HENRY LLC**  
**NOTES TO FINANCIAL STATEMENTS**  
**FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**---

## 1. NATURE OF OPERATIONS

Jack Henry LLC was formed on May 15, 2017, in the state of Colorado. The financial statements of Jack Henry LLC (which may be referred to as the “Company”, “we”, “us”, or “our”) are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s headquarters are located in San Diego, California.

Jack Henry LLC formulates, produces, and sells natural organic personal care body products. We sell on our website, Amazon, at Jack Henry Studios in Costa Mesa, and in over twenty-five retailers.

## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

### Basis of Presentation

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”). The Company has adopted the calendar year as its basis of reporting.

### Use of Estimates

The preparation of financial statements in conformity with United States GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

### Cash and Cash Equivalents

Cash and cash equivalents include all cash in banks. The Company’s cash is deposited in demand accounts at financial institutions that management believes are creditworthy. The Company’s cash and cash equivalents in bank deposit accounts, at times, may exceed federally insured limits. As of December 31, 2021, and December 31, 2020, the Company’s cash and cash equivalents did not exceed FDIC insured limits.

### Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are recorded at net realizable value or the amount that the Company expects to collect on gross customer trade receivables. We estimate losses on receivables based on known troubled accounts and historical experience of losses incurred. Receivables are considered impaired and written-off when it is probable that all contractual payments due will not be collected in accordance with the terms of the agreement. As of December 31, 2021, and 2020, the Company determined that no reserve was necessary.

### Inventories

Inventories are valued at the lower cost and net realizable value. Costs related to raw materials, primary and secondary packing and finished products which are determined using the FIFO method.

---- 6 -

# **JACK HENRY LLC**  
**NOTES TO FINANCIAL STATEMENTS**  
**FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**---

# **Property and Equipment**

Property and equipment are stated at cost. Normal repairs and maintenance costs are charged to earnings as incurred and additions and major improvements are capitalized. The cost of assets retired or otherwise disposed of, and the related depreciation are eliminated from the accounts in the period of disposal and the resulting gain or loss is credited or charged to earnings.

Depreciation is computed over the estimated useful lives of the related asset type or term of the operating lease using the straight-line method for financial statement purposes. The estimated service lives for property and equipment are as follows:

| Category | Useful Life |
| --- | --- |
| Real Estate | 40 years |
| Computers | 5 years |
| Machinery & Equipment | 5 years |
| Furniture & Fixtures | 7 years |
| Tesla | 5 years |
| Leasehold Improvements | 15 years |
| Production Furniture | 7 years |

# **Impairment of Long-lived Assets**

Long-lived assets, such as property and equipment and identifiable intangibles with finite useful lives, are periodically evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We look for indicators of a trigger event for asset impairment and pay special attention to any adverse change in the extent or manner in which the asset is being used or in its physical condition. Assets are grouped and evaluated for impairment at the lowest level of which there are identifiable cash flows, which is generally at a location level. Assets are reviewed using factors including, but not limited to, our future operating plans and projected cash flows. The determination of whether impairment has occurred is based on an estimate of undiscounted future cash flows directly related to the assets, compared to the carrying value of the assets. If the sum of the undiscounted future cash flows of the assets does not exceed the carrying value of the assets, full or partial impairment may exist. If the asset carrying amount exceeds its fair value, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset. Fair value is determined using an income approach, which requires discounting the estimated future cash flows associated with the asset.

# **Intangible Assets**

Intangible assets include investments in crypto currencies, which are measured at cost or revaluation and has indefinite useful life.

# **Income Taxes**

Jack Henry LLC is an S corporation for income tax purposes. Under these provisions, the Company does not pay federal corporate income taxes on its taxable income. Instead, the members are liable for individual federal and state income taxes on their respective shares of the Company's taxable income. The Company has filed tax returns from inception through 2021 and is not subject to tax examination by the Internal Revenue Service or state regulatory agencies.

---- 7 -

# **JACK HENRY LLC**
**NOTES TO FINANCIAL STATEMENTS**
**FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**

*Concentration of Credit Risk*

The Company maintains its cash with a major financial institution located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $250,000. At times, the Company may maintain balances in excess of the federally insured limits.

**Revenue Recognition**

The Company recognizes revenues in accordance with FASB ASC 606, Revenue from Contracts with Customers, when delivery of goods is the sole performance obligation in its contracts with customers. The Company typically collects payment upon sale and recognizes the revenue when the item has shipped and has fulfilled its sole performance

Revenue recognition, according to Topic 606, is determined using the following steps:

1) Identification of the contract, or contracts, with the customer: the Company determines the existence of a contract with a customer when the contract is mutually approved; the rights of each party in relation to the services to be transferred can be identified, the payment terms for the services can be identified, the customer has the capacity and intention to pay, and the contract has commercial substance.

2) Identification of performance obligations in the contract: performance obligations consist of a promised in a contract (written or oral) with a customer to transfer to the customer either a good or service (or a bundle of goods or services) that is distinct or a series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.

3) Recognition of revenue when, or how, a performance obligation is met: revenues are recognized when or as control of the promised goods or services is transferred to customers.

The Company earns revenues from the sale of natural organic personal care body products.

**Cost of sales**

Costs of goods sold include the cost of materials, shipping, retail fees, etc.

**Advertising and Promotion**

Advertising and promotional costs are expensed as incurred. Advertising and promotional expenses for the years ended December 31, 2021, and December 31, 2020, amounted to $322,820 and $428,455, which is included in sales and marketing expenses.

**Research and Development Costs**

Costs incurred in the research and development of the Company's products are expensed as incurred.

**Fair Value of Financial Instruments**

The carrying value of the Company's financial instruments included in current assets and current liabilities (such as cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value due to the short-term nature of such instruments).

- 8 -

JACK HENRY LLC

NOTES TO FINANCIAL STATEMENTS

FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020---

The inputs used to measure fair value are based on a hierarchy that prioritizes observable and unobservable inputs used in valuation techniques. These levels, in order of highest to lowest priority, are described below:

**Level 1**-Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities.

**Level 2**-Observable prices that are based on inputs not quoted on active markets but corroborated by market data.

**Level 3**-Unobservable inputs reflecting the Company's assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

### COVID-19

In March 2020, the outbreak and spread of the COVID-19 virus was classified as a global pandemic by the World Health Organization. This widespread disease impacted the Company's business operations, including its employees, customers, vendors, and communities. The COVID-19 pandemic may continue to impact the Company's business operations and financial operating results, and there is substantial uncertainty in the nature and degree of its continued effects over time. The extent to which the pandemic impacts the business going forward will depend on numerous evolving factors management cannot reliably predict, including the duration and scope of the pandemic; governmental, business, and individuals' actions in response to the pandemic; and the impact on economic activity including the possibility of recession or financial market instability. These factors may adversely impact consumer and business spending on products as well as customers' ability to pay for products and services on an ongoing basis. This uncertainty also affects management's accounting estimates and assumptions, which could result in greater variability in a variety of areas that depend on these estimates and assumptions, including investments, receivables, and forward-looking guidance.

### Subsequent Events

The Company considers events or transactions that occur after the balance sheet date, but prior to the issuance of the financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated through November 18, 2022, which is the date the financial statements were issued.

### Recently Issued and Adopted Accounting Pronouncements

FASB issued ASU No. 2019-02, leases, that requires organizations that lease assets, referred to as 'lessees', to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with lease terms of more than twelve months. ASU 2019-02 will also require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases and will include qualitative and quantitative requirements. The new standard for nonpublic entities will be effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022, and early application is permitted. We are currently evaluating the effect that the updated standard will have on the financial statements and related disclosures.

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on our financial statements.

---- 9 -

# JACK HENRY LLC  
 NOTES TO FINANCIAL STATEMENTS  
 FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020---

### 3. INVENTORY

Inventory consists of the following items:

| As of December 31, | 2021 | 2020 |
| --- | --- | --- |
| Raw Materials | $19,270 | $5,634 |
| Primary and Secondary Packaging | 110,944 | 9,574 |
| Finished Products | 22,553 | 5,619 |
| Total Inventory | $152,767 | $20,827 |

### 4. DETAILS OF CERTAIN ASSETS AND LIABILITIES

Accounts receivable consist primarily of trade receivables and accounts payable consist primarily of trade payables. Prepaids and other current assets consist of the following items:

| As of December 31, | 2021 | 2020 |
| --- | --- | --- |
| Prepaid Expenses | $575 | $ - |
| Total Prepaids and Other Current Assets | $575 | $ - |

Other current liabilities consist of the following items:

| As of December 31, | 2021 | 2020 |
| --- | --- | --- |
| California State Payroll Taxes | $18,595 | $6,106 |
| Federal Taxes | 2,088 | 252 |
| Sales Tax Payable | 16,196 | 95,753 |
| Deferred Rent | 16,530 | - |
| Advances | 175,218 | 19,421 |
| Other Accrued Expenses | 11,159 |  |
| Total Other Current Liabilities | $239,785 | $121,533 |

---- 10 -

# JACK HENRY LLC  
 NOTES TO FINANCIAL STATEMENTS  
 FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020---

# **5. PROPERTY AND EQUIPMENT**

As of December 31, 2021, and December 31, 2020, property and equipment consists of:

| As of Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| Real Estate | $135,144 | $ - |
| Computers | 4,592 | 10,272 |
| Machinery & Equipment | 8,950 | 2,427 |
| Furniture & Fixtures | 26,269 | 21,894 |
| Tesla | 52,541 | 52,541 |
| Leasehold Improvements | 53,825 | - |
| Production Furniture | - | 4,378 |
| Property and Equipment, at Cost | 281,321 | 91,513 |
| Accumulated Depreciation | (19,607) | (6,743) |
| Property and Equipment, Net | $261,714 | $84,770 |

Depreciation expenses for property and equipment for the fiscal year ended December 31, 2021, and 2020 were in the amount of $12,864 and $6,293 respectively.

# **6. INTANGIBLE ASSETS**

As of December 31, 2021, and December 31, 2020, intangible asset consists of:

| As of Year Ended December 31, | 2021 | 2020 |
| --- | --- | --- |
| Crypto Investments | $25,750 | 5,750 |
| Intangible Assets, at cost | 25,750 | 5,750 |
| Accumulated Amortization | - | - |
| Intangible Assets, Net | $25,750 | $5,750 |

# **7. MEMBERS' EQUITY**

The ownership percentages of the members are as follows:

| As of Year Ended December 31, 2021 |  |
| --- | --- |
| Member's name | Ownership percentage |
| Kyle Bardouche | 90.0% |
| Doug Peter | 2.3% |
| Aj Ogden | 2.3% |
| AmeriLux Capital LLC | 1.8% |
| Others | 3.7% |
| TOTAL | 100.0% |

---- 11 -

# **JACK HENRY LLC**  
 **NOTES TO FINANCIAL STATEMENTS**  
 **FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**---

# **8. DEBT**

# **Promissory Notes & Loans**

During the years presented, the Company entered into promissory notes & loans agreements. The details of the Company's loans, notes, and the terms are as follows:

| Debt Instrument Name | Principal Amount | Interest Rate | Borrowing Period | Maturity Date | For the Year Ended December 2021 |  |  |  |  | For the Year Ended December 2020 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  | Interest Expense | Accrued Interest | Current Portion | Non-Current Portion | Total Indebtedness | Interest Expense | Accrued Interest | Current Portion | Non-Current Portion | Total Indebtedness |
| EDL Loan | $295,100 | 3.75% | 05/23/2020 | 05/23/2050 | $5,533 | $5,533 | $9,837 | $285,263 | $295,100 | $ - | $ - | $ - | $94,400 | $94,400 |
| Tenia Loan | $45,000 | 2.44% | 11/12/2020 | 11/12/2026 | $1,098 | $1,098 | $8,078 | $28,672 | $36,750 | $92 | $92 | $7,058 | $36,750 | $43,808 |
| Total | $340,100 |  |  |  | $6,631 | $6,631 | $17,915 | $313,935 | $331,850 | $92 | $92 | $7,058 | $131,150 | $138,208 |

The summary of the future maturities is as follows:

# **As of Year Ended December 31, 2021**

| 2022 | $17,915 |
| --- | --- |
| 2023 | 17,915 |
| 2024 | 17,915 |
| 2025 | 17,915 |
| Thereafter | 260,191 |
| Total | $331,850 |

# **Line of Credit**

The Company entered into a Line of Credit agreement with Celtic Bank during the fiscal year 2020. The initial credit limit is $50,000, the repayment amount is $63,772, and the expected term of repayment is twelve months (with weekly repayments). The total outstanding balance as of December 31, 2021, and December 31, 2020, was $26,482 and $0, respectively. The entire balance is classified as current.

# **9. RELATED PARTY**

There are no related party transactions.

# **10. COMMITMENTS AND CONTINGENCIES**

# **Operating Leases**

On August 12, 2020, the Company entered into a lease agreement with George T. Hall Company to rent premises. The term of this lease is three years, commencing September 1, 2020, and the monthly base rent is $4,250.

---- 12 -

# **JACK HENRY LLC**

# **NOTES TO FINANCIAL STATEMENTS**

# **FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020**---

On September 26, 2021, the Company entered into a lease agreement with Camp Out LLC to rent premises. The term of this lease is five years, commencing October 1, 2021, and the monthly base rent during first year is $7,200, while during remaining period of the lease is $7,488.

The aggregate minimum annual lease payments under operating leases in effect on December 31, 2021, are as follows:

| Year | Obligation |
| --- | --- |
| 2022 | $138,264 |
| 2023 | 123,856 |
| 2024 | 89,856 |
| 2024 | 89,856 |
| Thereafter | 67,392 |
| Total future minimum operating lease payments | $509,224 |

Rent expenses were in the amount of $65,614 and $25,491 as of December 31, 2021 and December 31, 2020, respectively.

# **Contingencies**

The Company's operations are subject to a variety of local and state regulations. Failure to comply with one or more of those regulations could result in fines, restrictions on its operations, or losses of permits that could result in the Company ceasing operations.

# **Litigation and Claims**

From time to time, the Company may be involved in litigation relating to claims arising out of operations in the normal course of business. As of December 31, 2021, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of the Company's operations.

# **11. SUBSEQUENT EVENTS**

The Company has evaluated subsequent events for the period from December 31, 2021, through November 18, 2022, which is the date the financial statements were available to be issued.

On October 3, 2022, the Company changed its legal form from LLC to Corporation. The amount of the total stock of this corporation is authorized to issue is 10,000,000 shares with a par value of $0.0001.

There have been no other events or transactions during this time which would have a material effect on these financial statements.

# **12. GOING CONCERN**

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a net operating loss of $323,215, an operating cash flow loss of $328,617, and liquid assets in cash of $196,422, which less

---- 13 -

JACK HENRY LLC

NOTES TO FINANCIAL STATEMENTS

FOR YEAR ENDED TO DECEMBER 31, 2021 AND DECEMBER 31, 2020---

than a year's worth of cash reserves as of December 31, 2021. These factors normally raise doubt about the Company's ability to continue as a going concern.

The Company's ability to continue as a going concern in the next twelve months following the date the financial statements were available to be issued is dependent upon its ability to produce revenues and/or obtain financing sufficient to meet current and future obligations and deploy such to produce profitable operating results.

Management has evaluated these conditions and plans to generate revenues and raise capital as needed to satisfy its capital needs. During the next twelve months, the Company intends to fund its operations through debt and/or equity financing.

There are no assurances that management will be able to raise capital on terms acceptable to the Company. If it is unable to obtain sufficient amounts of additional capital, it may be required to reduce the scope of its planned development, which could harm its business, financial condition, and operating results. The accompanying financial statements do not include any adjustments that might result from these uncertainties.

---- 14 -

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

Contact

www.linkedin.com/in/kbardouche
(LinkedIn)
www.jackhenry.co (Company)

Top Skills

Entrepreneurship
Start-ups
Social Media

# Kyle Bardouche

Founder & CEO @ JACK HENRY
Costa Mesa, California, United States

## Summary

A self-driven creative and entrepreneur with a passion for people, using technology to connect people and brand building. Worked in IT for roughly 7 years and on a whim, I made a choice to start my own leather goods business and chase what I was really passionate about. What a ride that has been.

Recently, in July 2017, I launched Jack Henry. A clean, ethical, cruelty-free men's grooming brand. All our products are crafted in-house, by us. I invite you to check it out at www.jackhenry.co

I have a passion for startups, brand building and human connections.

## Experience

jack henry
Founder
May 2017 - Present (5 years 10 months)
Costa Mesa, California, United States

Jack Henry was inspired by our active lifestyle and not being able to look and feel how we want. After testing and trying to find the right product myself for over 10 years. I decided it was time to create a formula that didn't exist. It had to have two things - no artificial chemicals and it had to look natural. I created the formula right in our home that's all-natural, organic, safe, and best of all it's actually healthy for your hair.

minimal + practical body care that supports a healthy microbiome.

www.jackhenry.co

Matador Products
Director of Marketing
September 2016 - October 2018 (2 years 2 months)
Boulder, Colorado

Page 1 of 3

Alpine Modern

Business Development

March 2015 - August 2016 (1 year 6 months)

Boulder, CO

HEAD OF PRODUCT & BUSINESS DEVELOPMENT

ALPINE MODERN, BOULDER, COLORADO

- Entrepreneurial approach to business and brand building
- Design, source, develop and manufacture product for AM Collection
- Design and developed over 50 products including hats, apparel, leather goods, backpacks / travel bags, and other outdoor goods
- Negotiate cost, product placement, and production for AM Collection
- Source all raw materials domestically in the U.S. for AM Collection
- Source U.S manufacturing for product creation
- Source raw material domestically here in the U.S
- Develop partnerships for U.S. Manufacturing
- Manage production, sales, and wholesale accounts
- Develop deep relations with photographers, influencers, bloggers

HEAD OF MARKETING, E-COMMERCE

ALPINE MODERN, BOULDER, COLORADO

- Created #wherewillwegonext hashtag that has been used 50,000 times
- Create, design and manage email marketing campaigns with an open rate of 25%
- Built social media following to 70,000+ and email list 11,200+ subscribers
- Strategize / market product releases
- Create and maintain metrics dashboard measuring sales, conversions, traffic, email tracking, social - growth and more
- Create and manage partnerships with biggest blogs & influencers
- Oversee photography and film shoots, including sourcing, location and crew
- Interact with customers and build an elevated brand experience
- Write copy and product descriptions on alpinemodern.com

Amös

Founder & Chief Designer

January 2014 - December 2015 (2 years)

Denver, Colorado

Amös is for adventurers, influencers, the style conscious, rookie travelers to seasoned travelers, and for those who appreciate a unique yet simple, clean

Page 2 of 3

design. Amōs is there for your next jet-setting adventure, every day carry, that big road trip, long-awaited vacations, and everything in between.

Humana Inc.

Network Support Admin

August 2010 - August 2014 (4 years 1 month)

Green Bay, Wisconsin

- Configure/Upgrade Cisco switches, routers, and firewalls
- Manage multiple high level projects and assignments at one time
- Rack and cable HP servers, Cisco appliances, IBM Storage and EMC SAN
- Implement ILO/IP configurations on HP servers
- Project manage and design new office build outs from start to finish
- Performed rotational on-call when issues or outages arise
Purchase and procure network equipment for projects and stock
- Support over 800+ offices and health clinics throughout the USA
- Implement and install Aruba VPN clients to home users and offices
- Responsible for the physical space / security within the data center
- Collaborate with all IT groups ex. WAN, telecom, computer, business side
- Devise and develop company wide Network IT Installations standards company wide
- Manage and maintain Network Operations inventory and logistics
- Responsible for handling all logistics and making sure project installations go smoothly

# Education

Northeast Wisconsin Technical College

(2005 - 2008)

Page 3 of 3

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Jack Henry, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** DE

**Date of Organization:** 05-15-2017

**Physical Address:** 2948 Randolph Ave, Costa Mesa, CA, 92626

**Issuer Website:** https://jackhenry.co/

**Is there a Co-Issuer?:** Yes

**Intermediary Name:** Wefunder Portal LLC

**Intermediary CIK:** 0001670254

**Intermediary File Number:** 007-00033

**Intermediary CRD Number:** 283503

### Offering Information

**Compensation to Intermediary:** 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

**Financial Interest in Issuer:** No

**Type of Security Offered:** Other

**Other Description of Security:** Simple Agreement for Future Equity (SAFE)

**Number of Securities Offered:** 50000

**Price per Security:** $1.00

**Method for Determining Price:** Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

**Target Offering Amount:** $50,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

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

**Maximum Offering Amount:** $1,200,000.00

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

### Annual Report Disclosure Requirements

**Current Number of Employees:** 11

**Total Assets (Most Recent Fiscal Year):** $676,642.00

**Total Assets (Prior Fiscal Year):** $181,366.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $196,422.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $65,724.00

**Accounts Receivable (Most Recent Fiscal Year):** $26,490.00

**Accounts Receivable (Prior Fiscal Year):** $4,295.00

**Short-Term Debt (Most Recent Fiscal Year):** $357,293.00

**Short-Term Debt (Prior Fiscal Year):** $156,431.00

**Long-Term Debt (Most Recent Fiscal Year):** $319,644.00

**Long-Term Debt (Prior Fiscal Year):** $131,150.00

**Revenues/Sales (Most Recent Fiscal Year):** $1,194,774.00

**Revenues/Sales (Prior Fiscal Year):** $1,208,481.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $460,818.00

**Cost of Goods Sold (Prior Fiscal Year):** $390,386.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $-343,080.00

**Net Income (Prior Fiscal Year):** $-40,258.00

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING, B5, GU, PR, VI, 1V

### Signatures

**Issuer:** Jack Henry, Inc.

**Signature:** Kyle Bardouche

**Title:** Founder & CEO

---

**Signature:** Kyle Bardouche

**Title:** Founder & CEO

**Date:** 01-19-2023