# EDGAR Filing Document

**Accession Number:** 0001964418
**File Stem:** 0001670254-23-000159
**Filing Date:** 2023-2
**Character Count:** 373652
**Document Hash:** 213398fbd00d603c9bd291b851f3f5e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000159.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001670254-23-000159

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Loosid App, LLC
- **CENTRAL INDEX KEY:** 0001964418
- **IRS NUMBER:** 824841087

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31855
- **FILM NUMBER:** 23652107

**BUSINESS ADDRESS:**
- **STREET 1:** 19333 COLLINS AVE #2802
- **CITY:** SUNNY ISLES
- **STATE:** FL
- **ZIP:** 33160
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 19333 COLLINS AVE #2802
- **CITY:** SUNNY ISLES
- **STATE:** FL
- **ZIP:** 33160

## Ex-99

### Attached PDF Documents

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

# Form C

## Cover Page

Name of issuer:

Loosid App, LLC

Legal status of issuer:

Form: Limited Liability Company

Jurisdiction of incorporation/Organization: DE

Date of organization: 3/14/2018

Physical address of issuer:

17901 Collins Ave

4005

Sunny Isles FL 33160

Website of issuer:

https://loosidapp.com/

Name of intermediary through which the offering will be conducted:

Weifunder Portal LLC

CM number of intermediary:

0001870254

SEC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

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

6.5% of the offering amount upon a successful fundraiser, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the issuer in connection with the offering.

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

No

Type of security offered:

☐ Common Stock
☐ Preferred Stock
☐ Debt
☑ Other

If Other, describe the security offered:

Simple Agreement for Future Equity (SAFE)

Target number of securities to be offered:

50,000

Price:

$1.00000

Method for determining price:

Pre-rated portion of the total principal value of $50,000; interests will be sold in increments of $1; each investment is convertible to one unit as described under item 13.

Target offering amount:

$50,000.00

Oversubscriptions accepted:

☑ Yes
☐ No

If yes, disclose how oversubscriptions will be allocated:

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

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

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

$1,235,000.00

Deadline to reach the target offering amount:

4/30/2023

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

Current number of employees:

6

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $53.00 | $221,296.00 |
| Cash & Cash Equivalents: | $53.00 | $221,296.00 |
| Accounts Receivable: | $0.00 | $0.00 |
| Short-term Debt: | $0.00 | $0.00 |
| Long-term Debt: | $1,721,599.00 | $1,067,228.00 |
| Reserves/Notes: | $0.00 | $145.00 |
| Cost of Goods Sold: | $115,861.00 | $506,493.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | ($673,616.00) | ($1,454,937.00) |

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

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

## Offering Statement

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

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

### THE COMPANY

1. Name of issuer:

Loosid App, LLC

### COMPANY ELIGIBILITY

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

- Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to file reports pursuant to Section 13 or Section 156(d) of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding.
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for each shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

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

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

☐ Yes ☑ No

### DIRECTORS OF THE COMPANY

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

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Michael J Gottlieb | CEO | Loosid App, LLC | 2018 |
| Zhanna Basina | CEO | Just Home Healthcare | 2018 |
| Kirill Basin | CEO | The eDesign Group | 2018 |

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

### OFFICERS OF THE COMPANY

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

| Officer | Fractions Held | Year Joined |
| --- | --- | --- |
| Michael J Gottlieb | CEO | 2018 |
| Zhanna Basina | Co-founder | 2018 |
| Kirill Basin | Co-founder | 2018 |

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

INSTRUCTION TO QUESTION 3: For purposes of this Question 3, the same officer names a possible, very possible, investors, treasurer or principal financial officer, competitor or principal accounting officer, and any person that controls performing similar functions.

### PRINCIPAL SECURITY HOLDERS

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

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| Michael J Gottlieb | LLC Interests | 30.0 |
| Zhanna Basina | LLC Interests | 60.0 |

DISTRICTARY REPLICATION 6. The above information must be provided as of a date that is no more than 120 days prior to the date of filing of this offering document.

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

### BUSINESS AND ANTICIPATED BUSINESS PLAN

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

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

DISTRICTARY REPLICATION 7. Separate will provide your company's Website profile as an appendix (appendix b) to the Form C in PDF format. The submission will include all fields name and "read more" links to an uncollapsed format. All values will be transmitted.

This means that any information provided in your Website profile will be provided in the SEC in response to this question. As a result, your company will be personally liable for management and emissions in your profile under the Securities Act of 1933. Which requires you to provide material information related to your business and anticipated business plan. Please review your Website profile carefully to ensure it provides all material information, in our false or misleading, and does not emit any information that would cause the information included in its false or misleading.

### RISK FACTORS

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

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

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

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

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

Loosid is an early stage company. Any investment you make in our company is speculative and risky. Should we be unable to grow our business you may never see a return on your investment.

There may be other competitors in the space that may be better funded or have better brand recognition than we do. New competitors may start at any point, or companies in adjacent markets may choose to enter ours.

We may be unable to attract the customers needed to sustain the growth of our business. Because we operate a social media platform we are reliant on new customers joining our platform. Should they be unwilling to use our product (or unwilling to pay for it) our future operations may be negatively impacted.

The development of our app is dependent on product and engineering hires. Should we be unable to attract or retain qualified product and engineering people we may struggle to build or maintain products.

We believe we will need additional capital to grow the business. Should we be unable to raise additional capital, we may not be able to scale to the point of profitability.

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

Zhanna Basina and Kirill Basin are part-time officers. As such, it is likely that the company will not make the same progress as it would if that were not the case.

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

DISTRICTARY REPLICATION 9. Avoid generalized statements and include only those factors that are unique to the issuer. This reason should be tailored to the issuer's business and the offering and should not repeat the factors addressed in the legends or faith above. No specific number of risk factors is required to be identified.

## The Offering

### USE OF FUNDS

9. What is the purpose of this offering?

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

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

If we raise $50,000

Use of 93.5% user acquisition (paid digital ads, influencer marketing, development of brand assets), 6.5% towards Wefunder intermediary fee

If we issue: $1,235,000

Use of 70% user acquisition (paid digital ads, influencer marketing, development of brand assets), 10% development of the app, 3.5% management, 10% general and admin 6.5% towards Wefunder intermediary fee

INSTRUCTIONS TO QUESTION 10: An issuer must provide a reasonably detailed description of any intended use of proceeds, such that investors are provided with an adequate amount of information to understand how the offering proceeds will be used. If an issuer has identified a range of possible uses, the issuer should identify and describe each probable use and the factors the issuer may consider in allocating proceeds among the potential uses. If the issuer will accept proceeds in excess of the target offering amount, the issuer must describe the purpose, method for allocating proceeds/options, and intended use of the various proceeds with similar specificity. Please include all potential uses of the proceeds of the offering, including any that may apply only in the case of over-all options. If you do not do so, you may have to request to amend your Form C. Wefunder is not responsible for any failure by you to describe a potential use of offering proceeds.

## DELIVERY & CANCELLATIONS

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

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

12. How can an investor cancel an investment commitment?

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

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

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

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

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

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

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

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

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

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

## Ownership and Capital Structure

### THE OFFERING

13. Describe the terms of the securities being offered.

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

The SAFEs. We are offering securities in the form of a Simple Agreement for Future Equity ('SAFE'). which provides investors the right to **preferred units** in the Company ('**Preferred Units**'), when and if the Company sponsors an equity offering that involves **Preferred Units**, on the standard terms offered to other investors.

Conversion to Preferred Equity. Based on our SAFEs, when we engage in an offering of equity interests involving **preferred units**, **Investors will receive a number of shares of preferred units** calculated using the method that results in the greater number of **preferred units**:

i. the total value of the investor's investment, divided by the price of preferred units issued to new investors multiplied by the discount rate (80%), or

ii. if the valuation for the company is more than $24,000,000.00 (the "Valuation Cap"), the amount invested by the investor divided by the quotient of

a. the Valuation Cap divided by

b. the total amount of the Company's capitalization at that time.

iii. for investors up to the first $730,000.00 of the securities, investors will receive a valuation cap of $18,000,000.00 and a discount rate of 80.0%.

Additional Terms of the Valuation Cap. For purposes of option (i) 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 Units basis):

- Includes all shares of Capital Units issued and outstanding;

- Includes all Converting Securities;

- Includes all (i) issued and outstanding Options and (ii) Promised Options; and

- Includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing shall only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.

Liquidity Events. If the Company has an initial public offering or is acquired by, merged with, or otherwise taken over by another company or new owners prior to investors in the SAFEs receiving preferred units, 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 Units equal to the Purchase Amount divided by the Liquidity Price (the "Conversion Amount").

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

1. 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 nationally converted into Capital Units);

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

3. Senior to payments for Common Units.

### Securities issued by the SPV

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

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

### Voting Rights

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

### Proxy to the Lead Investor

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

### Restriction on Transferability

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

14. Do the securities offered have voting rights?

☐ Yes
☑ No

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

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

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

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

i. the Investor or

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

Money Valuation Cap" and "Discount Rate" as this Safe (and Safes lacking one or both of such terms will be considered to be the same with respect to such term(s)), provided that with respect to clause (a):

A. the Purchase Amount may not be amended, waived or modified in this manner;
B. the consent of the Investor and each holder of such Safes must be solicited (even if not obtained), and
C. such amendment, waiver or modification treats all such holders in the same manner. "Majority-in-interest" refers to the holders of the applicable group of Safes whose Safes have a total Purchase Amount greater than 50% of the total Purchase Amount of all of such applicable group of Safes.

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

A. Wefunder Portal may amend the terms of an investment contract, provided that the amended terms are more favorable to the investor than the original terms; and

B. Wefunder Portal may reduce the amount of an investor's investment if the reason for the reduction is that the Company's offering is oversubscribed.

# RESTRICTIONS ON TRANSFER OF THE SECURITIES BEING OFFERED:

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

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

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

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

# DESCRIPTION OF ISSUER'S SECURITIES

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

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| This is an LLC with no issued units. |  |  |  |

| Class of Security | Securities Reserved for Issuance upon Exercise or Conversion |
| --- | --- |

Warrants:

Options:

Describe any other rights:

The company has not yet authorized preferred units which investors in the SAFE will receive if converted as part of an equity financing. Preferred units have a liquidation preference over common units.

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

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

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

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

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

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

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

No.

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

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

For example, the unitholders may change the terms of the operating agreement 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 unitholders may make changes that affect the tax treatment of the Company in ways that are unfavorable to you but favorable to them. They may also vote to engage in new offerings and/or to register certain of the Company's

securities in a way that negatively affects the value of the securities the investor owns. Other holders of securities of the Company may also have access to more information than the investor, leaving the investor at a disadvantage with respect to any decisions regarding the securities he or she owns.

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

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

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

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

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

Because there will likely be no public market for our securities prior to an initial public offering or similar liquidity event, the price of the Preferred Units that investors will receive, and/or the total value of the Company's capitalization, will be determined by our management. Among the factors we may consider in determining the price of Preferred Units 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 units that take into account, as applicable, factors such as the following:

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

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

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

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

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

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

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

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

Additional issuances of securities. Following the investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the investor in the Company. The investor may have the

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

Issuer repurchases of securities. The Company may have authority to repurchase its securities from unitholders, 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 to manage the Company so as to maximize value for unitholders. Accordingly, the success of the investor's investment in the Company will depend in large part upon the skill and expertise of the executive management of the Company. If the Management 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 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 unitholders. By acquiring an interest in the Company, the investor will be deemed to have acknowledged the existence of any such actual or potential conflicts of interest and to have waived any claim with respect to any liability arising from the existence of any such conflict of interest.

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

Loan

| Lender | MJ Gottlieb & Family |
| --- | --- |
| Issue date | 01/31/23 |
| Amount | $567,677.00 |
| Outstanding principal plus interest | $567,677.00 as of 01/31/23 |
| Interest rate | 0.0% per annum |
| Reason for late payments | Loan repayments structured to be paid back upon exit. |

Contributions made by the Co-Founders and Family members after the 25th June 2020 are considered loans.

Loan

| Lender | Zhanna Basins |
| --- | --- |
| Issue date | 01/31/23 |
| Amount | $1,533,352.00 |
| Outstanding principal plus interest | $1,533,352.00 as of 02/20/23 |
| Interest rate | 0.0% per annum |
| Current with payments | Yes |

Loan repayments structured to be paid back upon exit.

DISTRIBUTION: PIP/REGISTRATION 24. Note the entities amount over interest rate, material debt, and any other material terms.

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

| Offering Date | Exemption | Security Type | Amount Sold | Use of Preceeds |
| --- | --- | --- | --- | --- |
| 6/2021 | Other | Unissued shares | $3,226,180 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 41a(5) of the Securities Act during the preceding 12-month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

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

4. or any immediate family member of any of the foregoing persons.

☑ Yes

☐ No

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

Name Zhanna Basins

Amount invested $3,226,180.00

Transaction type Priced round

Issue date 06/24/21

Relationship Co-Founder

Name MJ Gottlieb & Family

Amount invested $567,677.00

Transaction type Loan

Issue date 06/24/21

| Issue Date | 01/31/23 |
| --- | --- |
| Outstanding principal plus interest | $567,677.00 as of 01/31/23 |
| Interest rate | 0.0% per annum |
| Relationship | Co-Founders & Family |
| Name | Zhanna Basins |
| Amount invested | $1,533,352.00 |
| Transaction type | Loan |
| Issue date | 01/31/23 |
| Outstanding principal plus interest | $1,533,352.00 as of 02/20/23 |
| Interest rate | 0.0% per annum |
| Current with payments | Yes |
| Relationship | Founder |

NOTES: THIS PAGE SERIES 25. The term transaction includes, but is not limited to any financial transaction, arrangement or relationship (including any liabilities) or guarantee of liabilities or any action of similar transactions, arrangements or relationships.

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

The term "number of the family" includes any child, stepchild, grandchild, parent, eaguerant, grandparent, spouse or spousal equivalent, sibling, mother or son, father or son, son or two, daughter or son, brother or son, or sister or son of the person, and includes category relationships. The term "special equivalent" means a substitute occupying a relationship generally equivalent to that of a spouse.

Complete the amount of a related party's interest in any transaction without regard to the amount of the people or fees involved in the transaction. Where it is not practicable to meet the approximate amount of the interest, disclose the approximate amount involved in the transaction.

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

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

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

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

#### Overview

The Sober Social Network.

#### Milestones

Loosid App, LLC was incorporated in the State of Delaware in March 2018.

Since then, we have:

- 150,000+ installs * $25,000+ monthly sessions * 5,000 4 & 5 Star Reviews
- Fast Company Most Innovative Companies * Webby Award Finalist * PRNEWS Platinum PR Awards Finalist
- *Very Well Mind Best Sobriety/Recovery App
- 2.2 million support and community messages * 2.7 million dating interactions
- Day 7 10% retention is 15% vs. dating category average of 11.4%
- Global Dating app revenue grew by 306% from 2015-2021. Expected to grow to $5 billion by 2025.
- The treatment industry is expected to grow from $42 billion in 2020 to $53 billion by 2025.

#### Historical Results of Operations

- *Bermans & Dines, Marys*. For the period ended December 31, 2021, the Company had revenues of $0 compared to the year ended December 31, 2020 when the Company had revenues of $145.
- *Accts*. As of December 31, 2021, the Company had total assets of $53, including $53 in cash. As of December 31, 2020, the Company had $221,298 in total assets, including $221,298 in cash.
- *Act Loss*. The Company has had net losses of $875,616 and net losses of $1,454,937 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
- *Liabilities*. The Company's liabilities totaled $1,721,599 for the fiscal year ended December 31, 2021 and $1,067,226 for the fiscal year ended December 31, 2020.

#### Related Party Transaction

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

#### Liquidity & Capital Resources

To-date, the company has been financed with $2,129,778 in debt and $3,226,180 in equity, all from the founding team and family, as well as $28,749 in debt.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 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 9 months. Except as otherwise described in this Form-C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

### Runway & Short/Mid Term Expenses

Loosid App, LLC cash in hand is $0, as of February 2023. Over the last three months, revenues have averaged $5,000/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $37,000/month, for an average burn rate of $32,000 per month. Our intent is to be profitable in 18 months.

Since the date our financial statements cover, we've increased our budget for user acquisition to increase the number of members on the platform. Higher numbers of users increases subscription revenue.

Regarding cash in the bank, expenses are charged to a credit card which is paid by the owners by the end of each month. The company typically maintains a $0 cash balance.

In the 3 - 6 months following the close of the raise, we estimate revenues to equal $600k and expenses to equal $1.2M (in total).

We currently have about 6 months of runway with the lines of credit we could draw on. The founder could put in additional capital if needed.

We believe we will need to raise $1.2M to reach a cash flow positive point. We believe we can reach cash flow positive in 18 months.

The company has been funded by the owners since it started in 2018. The founders could put in additional capital if needed.

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

DOCTOR'S TIMES PROVISIONS 29. The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial risk factors and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether historical results and cash flows are representative of what investors should expect in the future. This has become the proceeds of the offering and any other known or pending sources of capital. Doctors have the proceeds from the offering will affect liquidity, whether receiving those funds and any other additional funds in necessary to the viability of the business, and then qualify the issuer and grants away to available cash. Describe the other available sources of capital in the business, such as lines of credit or required contributions by shareholders. References to the issuers in this Question 29 and these instructions refer to the issuer and its predecessors' plans.

## FINANCIAL INFORMATION

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

Refer to Appendix C, Financial Statements

I, Michael J Gottlieb, certify that

(1) the financial statements of Loosid App, LLC included in this Form are true and complete in all material respects; and

(2) the financial information of Loosid App, LLC included in this Form reflects accurately the information reported on the tax return for Loosid App, LLC filed for the most recently completed fiscal year.

Michael J Gottlieb
CEO

## STAKEHOLDER ELIGIBILITY

30. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, any promoter connected with the issuer in any capacity at the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 18, 2018.

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

i. In connection with the purchase or sale of any security? ☐ Yes ☑ No

ii. Involving the making of any false filing with the Commission? ☐ Yes ☑ No

iii. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities? ☐ Yes ☑ No

(2) Is any such person subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before the filing of the information required by Section 44(b) of the Securities Act that, at the time of filing of this offering statement, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice:

i. In connection with the purchase or sale of any security? ☐ Yes ☑ No

ii. Involving the making of any false filing with the Commission? ☐ Yes ☑ No

iii. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities? ☐ Yes ☑ No

(3) Is any such person subject to a final order of a state securities commission (or an agency or officer of a state performing like functions), a state authority that supersedes or examines banks, savings associations or credit unions, a state insurance commission (or an agency or officer of a state performing like functions), an appropriate federal banking agency, the U.S.

Commodity Futures Trading Commission, or the National Credit Union Administration that:

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

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

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

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

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

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

i. any a(center-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 18(b)(1) of the Exchange Act and Section 20(b)(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder? ☐ Yes ☑ No
ii. Section 5 of the Securities Act? ☐ Yes ☑ No

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

☐ Yes ☑ No

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

☐ Yes ☑ No

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

☐ Yes ☑ No

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

INSTRUCTIONS REQUESTED: 1. Final order means a written directive or declaratory statement issued by a federal or state agency, described in Rule 19(a)(2) of the Securities Act of 1940, under applicable statutory authority that provides for notice and an opportunity for hearing, which constitutes a final disposition or action by that federal or state agency.

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

## OTHER MATERIAL INFORMATION

III. In addition to the information expressly required 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 made, not misleading.

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

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

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

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

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

Investors is not, however, permitted to have limited circumstances the Lead Investor's interests could diverge from the interests of investors, as discussed in section 8 above.

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

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

INSTRUCTIONS IN Q1.1.2.2.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1

## ONGOING REPORTING

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

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

13. Once posted, the annual report may be found on the issuer's website at https://loosidapp.com/invest

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

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

## APPENDICES

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement - Early Bird
Early Bird SAFE (Simple Agreement for Future Equity)
SPV Subscription Agreement
SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Keith Basin
Michael J Gottlieb
Zhanna Basina

Appendix E: Supporting Documents

ttw_communications_120495_170329.pdf
Operating_Agreement_-_Loosid_App.DOC.pdf

## Signatures

Intentional misstatements or omissions of facts constitute federal criminal violations. See 15 U.S.C. 1001.

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement - Early Bird
Early Bird SAFE (Simple Agreement for Future Equity)
SPV Subscription Agreement
SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials I

Appendix D: Director & Officer Work History

Kirill Basin

Michael J Gottlieb

Zhanna Basina

Appendix E: Supporting Documents

ttw_communications_120495_170329.pdf

Operating_Agreement_-_Loosid_App.DOC.pdf

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

Loosid App, LLC

By

Mj Gottlieb

Co-Founder & CEO

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

Zhanna Basina

Co-Founder

2/22/2023

Mj Gottlieb

Co-Founder & CEO

2/21/2023

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

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

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

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

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

INVEST IN LOOSID

## The Sober Social Network.

LEAD INVESTOR

**Sergey Guberman**

While reflecting on my past experiences, I realized that helping others has always been second nature to me. I see investing in Loosid as the choice I can make to take another step in the direction of creating positive change.

It is less important to me that I financially benefit from this decision, and more important to me that Loosid helps real people make real changes in their lives.

I want to be a great example to my friends, my children, and all those who surround me and make my loved ones proud. I have spent many years working with companies and organizations that were established for the purposes of a greater good and I think my passion and my professional experiences will benefit potential investors.

**Invested $250,000 this round**

loosidapp.com

Miami Florida

Technology

B2C

Mobile Apps

Entertainment

Subscription

## Highlights

1 150,000+ installs * 325,000+ monthly sessions * 5,000 4 & 5 Star Reviews
2 Fast Company Most Innovative Companies * Webby Award Finalist * PRNEWS Platinum PR Awards Finalist
3 *Very Well Mind Best Sobriety/Recovery App
4 2.2 million support and community messages * 2.7 million dating interactions
5 Day 7 iOS retention is 15% vs. dating category average of 11.4%
6 Global Dating app revenue grew by 306% from 2015-2021. Expected to grow to $5 billion by 2025.
7 The treatment industry is expected to grow from $42 billion in 2020 to $53 billion by 2025.
8 300M people have an alcohol use disorder, 38% of adults battle an illicit drug use disorder.

## Our Team

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

Mj Gottlieb Co-Founder & CEO

MJ is a lifelong entrepreneur, having owned and operated five businesses and one not-for profit foundation over the last 31 years. He is a leading recovery advocate and has been sober since March 21, 2012.

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

Zhanna Basina Co-Founder

Zhanna is Co-Founder of Loosid. She also founded a (now) 2,000+ employee, $60M PE backed healthcare conglomerate with 8X EBITDA EXIT in the process of her second exit. Her personal struggle within her family was the catalyst for starting Loosid with MJ.

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

Nina Hendricks COO

Nina has been a leader in the the operational space for 15+ years, and a fierce recovery advocate to create impact and change in success outcomes for those struggling with addiction.

Gary O'Neil Creative Director

Gary is a leader who believes that great companies are built by great teams. From his 31 years of experience leading teams, he understands that ideas are great but execution is king & being customer-centric is the biggest key to success.

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

**Brady Pejerrey** Chief Technology Officer

Brady has been working in the computer programming field for 20+ years. Brady is on charge of the architectural design for Loosid, as well as overseeing implementation during the development and deployment cycles.

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

**Rafael Palma** Head of Development

Rafael has been leading mobile based development teams for more than a decade. He brings high quality standards to lead a high quality team!

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

**Steven Schilt** Community Manager

Steve oversees the Loosid community and heads up the Loosid Ambassador Program. Everyone knows Steve!

## The Loosid Story

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

My name's MJ Gottlieb, and I'm the Co-Founder of Loosid.

I have been sober since March 21, 2012 but began my first attempt at sobriety in the late 1990's. I was fortunate enough to have lost everything.

I crawled back into the recovery rooms and said the three words no addict wants to say, 'I need help.'

It's no coincidence that the three words no one wants to say is the same three words that will save their life.

Recovery is like a glass of water. If you come in with dirty water, there is no room for clean water to come in. The only thing to do is empty your cup.

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

In 2017, my dear friend Zhanna (Basina), whose entire family has been ravaged by addiction, was looking at acquiring treatment centers & I was helping her in an advisory capacity.

Looking at the sheer volume of people struggling, I felt that even if we were to open up 1,000 treatment centers, we would be putting inch-long band aids on an ever-growing global wound.

With 300M+ suffering from alcohol use disorders worldwide and 95M+ suffering from substance use disorder (US alone) we needed to come up with a better solution to connect all those people struggling and provide the resources they need to get help.

Quite frankly, the statistics are STAGGERING.

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

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

10% of American Adults (23.5M) Report Being in Recovery from Substance Abuse or Addiction

*Committed to a DrugBanking New York State Office of Education and Substance Abuse Services (DAHSU)*

About 38% of adults, in 2017 battled an illicit drug use disorder

*The Substance Use Mental Health Indicators in the United States: Results from the 2017 National Survey on Drug Use and Health*

**300**
MILLION
**ALCOHOL ABUSE**

About 300 million people throughout the world have an alcohol use disorder.

*2017 Recovery Worldwide LLC*

**75.9**
MILLION
**SOBER**

30% of American Adults don't consume alcohol

*National Epidemiology Survey on Alcohol and Related Conditions (NEHARC)*

We needed to dream bigger. What's more, we needed to connect with people through the one thing nearly everyone has... their phones. And hence Loosid was born.

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

## What is Loosid?

Loosid is the most comprehensive sobriety app currently available in the market.

Loosid App is a self-funded startup providing a comprehensive, free application for anyone interested in living a sober life.

Loosid provides those struggling with sobriety the virtual help and support they need (community and professional). The vast majority of our 145,000+ members are in recovery or actively seeking help with treatment of their addiction. It's our duty to give those fighting addiction the opportunity to maintain their sobriety.

Purpose in Design

## A SOCIAL GOOD APP

Every day people lose their battles with addiction, proving that we need the support of a strong sober community to succeed.

**300 Million**

People worldwide have an alcohol use disorder

**95.3 Million**

American adults battled an illicit drug use disorder

Loosid provides free tools to help those struggling with addiction. It's our obligation and duty to give those fighting to maintain their sobriety every chance they can get.

### (1) Consumer-facing app:

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

### (2) B2B SaaS product for Treatment Centers:

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

during and after treatment

personal touch points

to treatment center

the step as your alumni never miss an event

## Stay Connected 24/7/365

Changing the relationship between the patient and treatment centers one day at a time

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

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

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

Loosid's newest technology, SAM - Sobriety & Addiction MentorTM, creates a seamless experience once leaving treatment.

Through emotional recognition and programmatic touchpoints, SAM'sTM interactive 365+ day journey provides treatment facilities full, measurable visibility by integrating a comprehensive backend admin control panel for daily post-care and alumni tracking.

Additionally, users can create a network of alumni, staff and important contacts on their personalized dashboard, encouraging engagement and retention. Loosid is committed to saving lives by providing ever evolving sober support.

## Getting buzz without being buzzed

We have great early traction.

The Facts Speak For Themselves

LOOSID BY THE NUMBERS

145K+

100K+

2.2Mill+

100K+
Installs To Date

100K+
Friendships Initiated

2.2Mill+
Support and
Community Messages

After developing our initial MVP, we think the most important thing we did is
LISTEN TO OUR MEMBERS, as reflected in our customer reviews.

We are strong believers that we should never build a product that we like or
want. We need to build a product that our customers want.

# Ratings & Reviews

See All

4.7

out of 5

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

4,810 Ratings

KACConstruction, 07/06/2022

# Absolutely need this app in my sobriety

This app is awesome! I'm 31 months into this sobriety journey. I'm an Alcoholic who needed
as many spiritual tools as possible. This app has helped me share my experiences with
getting, maintaining and developing relationships with sobriety. I've met some wonderful
friends on this app. I love all the features from audio interviews to the sober spotlight! This
app keeps me accountable each morning with a gratitude list, daily check in with moods
and digital journaling. If you're unsure what to do about getting sober check out this app.
Ask questions in the app. Get real life experience with sobriety. Thank you Loosid team! And
Loosid community! Love it!

JennHwy447, 12/10/2021

# Sobriety comradeship

I seen this app come across my facebook feed and I had to check it out. I strongly
encourage those that are new to recovery or are struggling to check out this app. It's great
for those who are sober, sober curious, or wanting the sober life. Daily encouragement and
affirmations as well as difficult topics are discussed here. Many, many wise people that have
been through the stuff offer great advice are right here on this app! I love it.

Jonathan Krush

★★★★★ September 26, 2022

Great way to stay connected to people in the sober community. And it's
FREE free.

Bobwinds@fa.se, 12/08/2021

# Love it!

All I was looking for was a sobriety tracking app. What I found is a great community of
diverse people coming together to discuss sobriety. The diversity is tremendous, and to me
is what makes it such a special community. Whether you are a teenager that is first real time.

145K+

Installs To Date

100K+

Friendships Initiated

2.2Mill+

Support and
Community Messages

# Loosid = Community

Jul 5

Jeni_bear

I have been using Loosid for almost a year
now and I love the community I have found
there. It's a place to support others and get
support. I have made life-long friends though
the app. I highly suggest to anyone looking
for an online community to support your
sobriety, whatever you are getting sober
from.

Katie Bradley

★★★★★ April 2, 2022

Very good tips. An interactive daily way to keep you accountable and
sober. Help when you are struggling and a hand up when you fall. I'd
highly recommend it to anyone struggling with addiction of any kind. It's
got a lot of good solid advice and caring people!

Colby

★★★★★ May 15, 2022

It's different, that's for sure, but innovative and exactly what we
need right now to help people of all ages, but especially the
younger kids that may find help within this app. I recommend
that everyone gets this app so everyone can be educated and
communicate with people affected by alcoholism and
addiction in the many ways it affects almost every single
human being on this planet, one way or another! Great job

After developing our initial MVP, we think the most important thing we did is
LISTEN TO OUR MEMBERS, as reflected in our customer reviews.

LISTEN TO OUR MEMBERS, as reflected in our customer reviews.

We are strong believers that we should never build a product that we like or want. We need to build a product that our customers want.

# Ratings & Reviews

See All

4.7

out of 5

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

4,810 Ratings

KACConstruction, 07/06/2022

# Absolutely need this app in my sobriety

This app is awesome! I'm 31 months into this sobriety journey. I'm an Alcoholic who needed as many spiritual tools as possible. This app has helped me share my experiences with getting, maintaining and developing relationships with sobriety. I've met some wonderful friends on this app. I love all the features from audio interviews to the sober spotlight! This app keeps me accountable each morning with a gratitude list, daily check in with moods and digital journaling. If you're unsure what to do about getting sober check out this app. Ask questions in the app. Get real life experience with sobriety. Thank you Loosid team! And Loosid community! Love it!

jennifrey4007, 10/06/2021

# Sobriety comradeship

I seen this app come across my facebook feed and I had to check it out. I strongly encourage those that are new to recovery or are struggling to check out this app. It's great for those who are sober, sober curious, or wanting the sober life. Daily encouragement and affirmations as well as difficult topics are discussed here. Many, many wise people that have been through the stuff offer great advice are right here on this app! I love it.

Jonathan Krush

September 24, 2022

Great way to stay connected to people in the sober community. And it's FREE free.

Sokerinfo@Solex, 12/06/2021

# Love it!

All I was looking for was a sobriety tracking app. What I found is a great community of diverse people coming together to discuss sobriety. The diversity is tremendous, and to me is what makes it such a special community. Whether you are a teenager that is first realizing that alcoholic things is a problem, or a 12 stepper with 20 plus years of sobriety, I think you will enjoy and learn something from listening and conversing with the community. I joined a few months ago with a very narrow mind when it came to how to get sober. Thanks to Loosid, I have so many more tools in my toolbox.

Tracy lykins

August 28, 2022

Loving the ability to never feel alone I found it two years ago and it still keeps my interest

# Loosid = Community

Jul 5

★★★★★

Jeni_bear

I have been using Loosid for almost a year now and I love the community I have found there. It's a place to support others and get support. I have made life-long friends through the app. I highly suggest to anyone looking for an online community to support your sobriety, whatever you are getting sober from.

Katie bradley

April 2, 2022

Very good tips. An interactive daily way to keep you accountable and sober. Help when you are struggling and a hand up when you fall. I'd highly recommend it to anyone struggling with addiction of any kind. It's got a lot of good solid advice and caring people!

Colby

May 15, 2022

It's different, that's for sure, but innovative and exactly what we need right now to help people of all ages, but especially the younger kids that may find help within this app. I recommend that everyone gets this app so everyone can be educated and communicate with people affected by alcoholism and addiction in the many ways it affects almost every single human being on this planet, one way or another! Great job LOOSID!!

alyssa carr

May 20, 2021

I am very impressed with this app. It is the first recovery app I've used and it'll be hard to top it if I try out another one. I love the tip of the day. They are very relevant if you work a 12 step program. My absolute favorite feature is in the Boozeless Concierge, the online events. There are so many to choose from for all different subjects to help maintain or really get yourself started with your recovery. The events vary from meditations, mindfulness, yoga, therapeutic groups, etc

As a result of our growth and our impact, we've received significant accolades, and attention in the press.

We've been featured in the *Wall Street Journal*, *the New York Times*, *Forbes*, *Good Morning America*, *Reuters*, *Mashable*, *Fast Company* and many more publications

and media outlets.

# THE WALL STREET JOURNAL.

English Edition • Print Edition • Video • Podcasts • Latest Headlines • More •

GEAR & GADGETS

# Looking for Love Post-Lockdown?
Niche Dating Apps Are the Next
Big Thing

Designed to pair up pet owners, runners, vegetarians,
gamers and even astrology zealots, super-specific dating
apps are helping singles find common ground quickly now
that we're no longer confined

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

Loosid co-founder MJ Gottlieb

PHOTO: GETTY IMAGES (POLAROID)

# For the Substance-Free

After six years of sobriety, MJ Gottlieb knew he
needed to find a better way to date. "Nine out of
10 times the woman would say, 'Oh, my God,
You don't drink? How are we going to have any
fun?'" he said of prospective partners,
explaining that "it is a huge trigger when the
person on the other end of the table is slinging
drinks."

In 2018, Mr. Gottlieb co-founded Loosid, a free
dating and friendship app for those committed
to sobriety. "When you're dealing with
alcoholism or addiction, it is a life or death
situation and we wanted to create a safe place
for people to connect and engage in the dating
space," he said. Post-lockdown, the free app has

seen a roughly 3,500% increase in messages among its 120,000 users. The platform has five
different sections including a Tinder-like dating portion where you can accept or reject a
potential match by hitting an X or a check; a Facebook-like wall where people post
milestones about their sobriety and lives; and a "sober hotline" where users "can very
clearly see if somebody needs help and can respond right away." Mr. Gottlieb said. Loosid
also offers resources like a directory of over 17,500 addiction treatment centers and tele-
help centers, plus a social calendar of booze-free events happening across the country and
online.

# Forbes

SOCIAL MEDIA

# Social Media App Loosid Sees An
Uptick In Sober Dating Numbers

In the Covid-19 era when reports suggest more Americans subjected to lockdowns
are struggling with excessive alcohol consumption, one social media app is
welcoming users looking to date in a world of sobriety.

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

# Our Mission. Your money.

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

This is not just a cute shirt 👍 Our mission is to be backed by the sober

community and all who choose to support us.

You will not find a startup team that is more passionate about, and dedicated to, our mission -- of helping millions of people to get sober and stay sober.

As a result, our team at Loosid is 100% committed to keeping the community section of Loosid free for our users... FOREVER.

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

Over the coming months and years, we will monetize through three primary strategies:

(1) Loosid Dating
(2) Loosid B2B platform for Treatment Centers - Meet SAMTM!
(3) (Tasteful!) Advertising

# (1) Loosid Dating

Despite only a small percentage of our focus being on dating up until this point, Loosid dating activity shows the incredible need to expand our dating growth model NOW.

In the past 60-days, Loosid retained market leader Moburst Mobile, to provide an independent audit of Loosid's sober dating business model. A full analysis was done of what it would take in order to generate enough revenue to reach cash flow positive.

The full report is available here.

The market for online dating has been exploding over the last few years, industry analysts have forecast the market to grow to $5 billion by 2025.

The popularity of “targeted” dating apps like Christian Mingle, Farmers Only, Glimmer, Jdate and Muzz demonstrate the huge potential in our sobriety-focused community and approach.

Sober Dating

# FINDING

# LOVE IN ALL

# THE RIGHT

# PLACES

Online dating revenue

3.08 Billion (2020)

5.05 Billion (2024) Projected

Loosid provides a safe and supportive dating environment where alcohol isn't part of the equation.

Over 2.7 Million Dating Interactions on Loosid App to date

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

## (2) Loosid B2B platform for Treatment Centers - Meet SAMTM!

The global treatment industry is expected to grow by more than $10 billion by 2025. If Loosid community membership and usage can improve treatment outcomes by even a tiny percentage, this is hugely valuable for treatment centers...

...And also, employers.

SAM provides treatment centers with the solution for post-care alumni tracking.

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

Meet SAM - Your solution for post-care

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

and alumni tracking.

Changing the relationship between the treatment center & patient one day at a time

### (3) (Tasteful!) Advertising

We have only just recently begun to dip our toes into the advertising waters. We see advertising as a significant future revenue stream for Loosid.

That being said, everything we do must not only not disrupt the user experience but add value to it.

Such as our most recent brand activation with Soberlink the most reputable alcoholic monitoring device company in the world.

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

Loosid believes a major part of its success will come from its relationships with local businesses. In creating a valuable and relevant experience for our members, our objective is to connect them with businesses that align with our core tenet - SOBER FUN!

With sobriety becoming an emerging lifestyle choice, Alcohol Free beverages, like mocktails, have seen an unprecedented rise in popularity.

### Ditch Alcohol
It's happening.

- Online searches for the word "mocktail" are up 42% over the past year.1
- Global searches for the phrase "non-alcoholic" are up 81% according to Google Trends.1
- Non-alcoholic beer is predicted to be a $7 billion worldwide market in about 5 years.1
- Sales growth of 00 beer has outpaced alcoholic beer 5 to 1 over the past six years.1
- "Non-Alc has the potential to be the most exciting category within drinks." - Distill Ventures1

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

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

### The Numbers Don't Lie

- One-third of U.S. adults are non-drinkers.1
- 52% of Americans are trying to drink less alcohol - particularly among consumers in their 20's and 30's.1
- 67% of people in the 25-34yr range are trying to reduce their alcohol intake.1
- Most frequent consumers of low and no-alcohol drinks are 21 - 44 years old.1
- Queries on Pinterest for sober living are up +746%.1
- 30% of people drink on special occasions, or once every couple weeks.1
- 40% of global consumers desire to decrease alcohol consumption for health reasons.1
- The non-alcoholic beverage market size was 154 billion in 2015 expected to reach 2020 Billion by 2021.1
- The market for low to zero-alcohol beverages is expected to increase 32% between 2018 and 2022.1
- American alcohol consumption has declined for 3 years in a row.1

Further advertising opportunities, include an array of Boozeless Guides, including non-alcoholic drinks, restaurant guides and sober events!

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

## Join us!

This is the first outside capital we've raised to build Loosid. Up until this point, our founders have invested $5M+ of our own money.

We are currently raising $1.235M.

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

---

We have big dreams. Today, we have 146,000 users. Tomorrow, we want 146 million.

We want to put a dent in addiction. Globally.

And we believe that the best way to do this is to build a big business.

We're committed to always putting our users at the center of everything we do. And so, we're opening up this opportunity to invest in Loosid to all of you.

Investing in startups is always risky, and you should never invest more than you can afford to lose.

But if you would like to become an owner of Loosid, we would be honored for you to become an investor.

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

21X ROI UPON EXIT BASED ON YEAR 5 EXIT (380M)

VALUATION BASED ON 12.6 REVENUE MULTIPLE

VALUATION BASED ON 12.0 REVENUE MULTIPLE

*SEE COMPS LOOSID INVESTOR DECK

The projections above are forward-looking and cannot be guaranteed.

## The "Links" to the future...

- A full breakdown of the investment can be found in the Loosid Investment Deck.
- 5 year pro-formas can be found here.
- Valuations and EXIT plan can be found here.

(The valuations above are forward-looking and cannot be guaranteed.)

- Use of proceeds can be found here.

## Since You Scrolled this far...

Oh Wow... You scrolled all the way down here. Very Cool. Here's some last goodies to give you an idea of how we roll...

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

WE KNOW HOW TO HAVE A BLAST...
WITHOUT GETTING BLASTED

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

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

We. Know. Branding.

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

We get really creative about sobriety!

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

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

We understand
the struggle

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

That is all!!!

With Love,

Team Loosid

# Downloads

Loosid Press Kit 2022 (optimized for web).pdf

**Attachment 3:** `document_3.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.

# **Loosid App, LLC**

# **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], Loosid App, LLC, a Delaware limited liability company (the "Company"), hereby issues to the Investor the right to certain units, 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 and make the form applicable to a limited liability company.

The "Post-Money Valuation Cap" is $24,000,000

The "Discount Rate" is 80%

See Section 2 for certain additional defined terms.

# **1. Events**

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

In connection with the automatic conversion of this Safe into Safe Preferred Units, 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 Units, with appropriate variations for the Safe Preferred Units 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 units of Common Units 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 units of any series of Preferred Units 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 units of Common Units 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 units of Common Units 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 Units. 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 Units);

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

(iii) Senior to payments for Common Units.

The Investor's right to receive its Conversion Amount is (A) on par with payments for Common Units and other Safes

and/or Preferred Units who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Common Units 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 Units to the Investor pursuant to the automatic conversion of this Safe under Section 1(a); or (ii) the payment, or setting aside for payment, of amounts due the Investor pursuant to Section 1(b) or Section 1(c).

2. Definitions

"Capital Stock" means the capital stock of the Company, including, without limitation, the "Common Units" and the "Preferred Units."

"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 Units basis):

- Includes all Units 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 Safe Preferred Units.

"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 Units.

"Direct Listing" means the Company's initial listing of its Common Units (other than Common Units 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 Units 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 units of the Standard Preferred Units 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 Units, the amount of such dividend that is paid per share of Common Units 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 Units 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 Units 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 Units basis):

- Includes all Units 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 of Preferred Units) 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 unit equal to the Valuation Cap divided by the Liquidity Capitalization.

"Options" includes options, 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 Unit's price per unit, 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 Units, 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 Units" means the units of the series of Preferred Units issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the Standard Preferred Units, other than with respect to: (i) the per unit 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 unit equal to the Post-Money Valuation Cap divided by the Company Capitalization.

"Standard Preferred Units" means the shares of the series of Preferred Units 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 Units 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.

"Units" means the equity interests of the Company, including, without limitation, the "Common Units" and "Preferred Units".

# 3. Company Representations

(a) The Company is a limited liability company duly organized, validly existing and in good standing under the laws of its state of limited liability company (the "Company"), hereby issues to the Investor the right to certain formation, 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 certificate of formation or operating agreement; (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 consumption 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 Units 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 Units 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 member or rights to vote for the election of directors or on any matter submitted to Company members, or to give or withhold consent to any corporate action or to receive notice of meetings, until units have been issued on the terms described in Section 1. However, if the Company pays a dividend on outstanding shares of Common Units (that is not payable in shares of Common Units) 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 reorganization to change the Company's domicile or convert the Company into a corporation.

(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 Florida, 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 equity for all income tax purposes of. 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:**

Loosid App, LLC

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 4:** `document_4.pdf`

# **Loosid I (THE "SPV"),**

a series of Wefunder SPV, LLC, a Delaware limited liability company (the "LLC")

# Subscription Agreement

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**Loosid 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 **Loosid App, LLC** (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

Loosid 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 Loosid
App, LLC SECURITIES BY Loosid I, A SERIES OF
WEFUNDER SPV, LLC, A DELAWARE LIMITED
LIABILITY COMPANY

**Type of Security:** Future Equity

**Terms** $24M valuation cap and 20% discount

To view a copy of the contract, please see **Appendix B, Investor Contracts** of
the Form C. The latest Form C or C/A filing be found here:
https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-
TYPE%3DC%2FA+or+FORM-
TYPE%3DC%29+and+CIK%3D0001964418&first=2016

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

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

# **Loosid App, LLC**

# **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], Loosid App, LLC, a Delaware limited liability company (the "Company"), hereby issues to the Investor the right to certain units, 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 and make the form applicable to a limited liability company.

The "Post-Money Valuation Cap" is $18,000,000

The "Discount Rate" is 80%

See Section 2 for certain additional defined terms.

# **1. Events**

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

In connection with the automatic conversion of this Safe into Safe Preferred Units, 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 Units, with appropriate variations for the Safe Preferred Units 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 units of Common Units 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 units of any series of Preferred Units 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 units of Common Units 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 units of Common Units 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 Units. 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 Units);

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

(iii) Senior to payments for Common Units.

The Investor's right to receive its Conversion Amount is (A) on par with payments for Common Units and other Safes

and/or Preferred Units who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Common Units 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 Units to the Investor pursuant to the automatic conversion of this Safe under Section 1(a); or (ii) the payment, or setting aside for payment, of amounts due the Investor pursuant to Section 1(b) or Section 1(c).

2. Definitions

"Capital Stock" means the capital stock of the Company, including, without limitation, the "Common Units" and the "Preferred Units."

"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 Units basis):

- Includes all Units 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 Safe Preferred Units.

"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 Units.

"Direct Listing" means the Company's initial listing of its Common Units (other than Common Units 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 Units 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 units of the Standard Preferred Units 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 Units, the amount of such dividend that is paid per share of Common Units 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 Units 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 Units 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 Units basis):

- Includes all Units 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 of Preferred Units) 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 unit equal to the Valuation Cap divided by the Liquidity Capitalization.

"Options" includes options, 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 Unit's price per unit, 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 Units, 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 Units" means the units of the series of Preferred Units issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the Standard Preferred Units, other than with respect to: (i) the per unit 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 unit equal to the Post-Money Valuation Cap divided by the Company Capitalization.

"Standard Preferred Units" means the shares of the series of Preferred Units 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 Units 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.

"Units" means the equity interests of the Company, including, without limitation, the "Common Units" and "Preferred Units".

# 3. Company Representations

(a) The Company is a limited liability company duly organized, validly existing and in good standing under the laws of its state of limited liability company (the "Company"), hereby issues to the Investor the right to certain formation, 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 certificate of formation or operating agreement; (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 consumption 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 Units 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 Units 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 member or rights to vote for the election of directors or on any matter submitted to Company members, or to give or withhold consent to any corporate action or to receive notice of meetings, until units have been issued on the terms described in Section 1. However, if the Company pays a dividend on outstanding shares of Common Units (that is not payable in shares of Common Units) 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 reorganization to change the Company's domicile or convert the Company into a corporation.

(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 Florida, 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 equity for all income tax purposes of. 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:**

Loosid App, LLC

By: *Founder Signature*

Name:

Title:

**INVESTOR:**

[INVESTOR NAME]

By: *Investor Signature*

Name: [INVESTOR NAME]

Title:

☐ Accredited Investor
☐ Unaccredited Investor

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

By:

Name:

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

# **Subscription Agreement**

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**Loosid I EB** (the "SPV"), a series of Wefunder SPV, LLC (the "LLC"), is a special purpose vehicle that will invest all of its assets in securities issued by **Loosid App, LLC** (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

Loosid I EB, as series of Wefunder SPV, LLC

By: Wefunder Admin, LLC, its Manager

By: Founder Signature

Date:

Name: Nicholas Tommarello

Title: Chief Executive Officer

Investor

[INVESTOR NAME]

By: Investor Signature

Date:

CONTACT INFORMATION:

Name: [INVESTOR NAME]

Mailing Address:

City:

Country:

E-mail:

# TERMS APPENDIX FOR THE PURCHASE OF Loosid App, LLC SECURITIES BY Loosid IEB, A SERIES OF WEFUNDER SPV, LLC, A DELAWARE LIMITED LIABILITY COMPANY

Type of Security: Future Equity

Terms $18M valuation cap and 20% discount

To view a copy of the contract, please see Appendix B, Investor Contracts of the Form C. The latest Form C or C/A filing be found here: https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-TYPE%3DC%2FA+or+FORM-TYPE%3DC%29+and+CIK%3D0001964418&first=2016

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

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

THE FOCUS GROUP
CERTIFIED PUBLIC ACCOUNTANTS

Independent Accountant's Review Report

# Loosid App, LLC

Years Ended December 31, 2021 and 2020

# **Loosid App, LLC**

Financial Statements

December 31, 2021 and 2020

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

## INDEPENDENT ACCOUNTANT'S REVIEW REPORT

To the Managing Members of Loosid App, LLC,

We have reviewed the accompanying financial statements of Loosid App, LLC (a Delaware limited liability company), which comprise the balance sheet as of December 31, 2021 and 2020, and the related statements of income, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

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

We are required to be independent of Loosid App, LLC and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our reviews.

### 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.

Sincerely,

*The Focus Group, P.C.*

Philadelphia, Pennsylvania

November 26, 2022

1650 Market Street, Suite 3600, Philadelphia, PA 19103

E: info@thefocusgroupcpa.com.com P: 215.929.8000 W: www.thefocusgroupcpa.com

## Table of Contents

| Financial Statements | Page(s) |
| --- | --- |
| Balance Sheets | 3 |
| Statements of Income | 4 |
| Statement of Changes in Members' Equity | 5 |
| Statements of Cash Flows | 6 |
| Notes to the Financial Statements | 7-8 |

# **Loosid App, LLC**  
 **Balance Sheets**  
 **As of December 31, 2021 and 2020**---

|  | 2021 | 2020 |
| --- | --- | --- |
| Assets |  |  |
| Current assets |  |  |
| Cash | $53 | $221,298 |
| Total assets | $53 | $221,298 |
| Liabilities and members' equity |  |  |
| Long term liabilities |  |  |
| Advance from member | $1,721,599 | $1,038,479 |
| PPP loan | - | 28,749 |
| Total long term liabilities | 1,721,599 | 1,067,228 |
| Members' equity |  |  |
| Members' contributions | - | 505,000 |
| Retained earnings (accumulated deficit) | (1,721,546) | (1,350,930) |
| Total members' equity | (1,721,546) | (845,930) |
| Total liabilities and members' equity | $53 | $221,298 |

The accompanying notes are an integral part of these statements.

3

# **Loosid App, LLC**  
 **Statements of Income**  
 **For the Years Ended December 31, 2021 and 2020**---

|  | 2021 | 2020 |
| --- | --- | --- |
| Sales | $ - | $145 |
| Cost of goods sold | 115,861 | 506,493 |
| Gross profit | (115,861) | (506,348) |
| Operating expenses |  |  |
| Advertising | 259,818 | 146,351 |
| Bank charges | - | 95 |
| Computer and internet | 34,019 | 4,562 |
| Compensation and benefits | 160,060 | 265,907 |
| Dues and subscriptions | 17,590 | 4,934 |
| Insurance | - | 155 |
| Marketing | 25,056 | 8,000 |
| Office expense | 2,301 | 8,231 |
| Professional fees | 10,774 | 6,372 |
| Rent | - | 8,650 |
| Research and development | 278,886 | 497,047 |
| Taxes and licenses | - | 285 |
| Total operating expenses | 788,504 | 950,589 |
| Net operating income | (904,365) | (1,456,937) |
| Other income (expenses) |  |  |
| Other revenue | - | 2,000 |
| PPP loan forgiveness | 28,749 | - |
| Net Income | $(875,616) | (1,454,937) |

The accompanying notes are an integral part of these statements.

4

# **Loosid App. LLC**  
**Statement of Members' Equity**  
**For the Years Ended December 31, 2021 and 2020**---

|  | Members' Equity |
| --- | --- |
| Balance at December 31, 2019 | $104,007 |
| Net Income | (1,454,937) |
| Members' contributions | 505,000 |
| Balance at December 31, 2020 | $(845,930) |
| Net Income | (875,616) |
| Members' contributions | - |
| Balance at December 31, 2021 | $(1,721,546) |

The accompanying notes are an integral part of these statements.

5

# **Loosid App, LLC**  
 **Statements of Cash Flows**  
 **For the Years Ended December 31, 2021 and 2020**---

|  | 2021 | 2020 |
| --- | --- | --- |
| Cash flows provided (used) by operating activities |  |  |
| Net income | $(875,616) | $(1,454,937) |
| Adjustments to reconcile net income to net cash provided by operating activities |  |  |
| Changes in assets and liabilities: |  |  |
| Advance from members | 683,120 | 1,038,479 |
| Net cash provided by operating activities | (192,496) | (416,458) |
| Cash flows provided (used) by investing activities |  |  |
| Cash flows provided (used) by financing activities |  |  |
| Proceeds from PPP loan | (28,749) | 28,749 |
| Member contributions | - | 505,000 |
| Net cash used by financing activities | (28,749) | 533,749 |
| Net increase (decrease) in cash and cash equivalents | (221,245) | 117,291 |
| Cash and cash equivalents |  |  |
| Beginning of the year | 221,298 | 104,007 |
| End of the year | $53 | $221,298 |

The accompanying notes are an integral part of these statements.

6

# **Loosid App, LLC**  
**Notes to the Financial Statements**  
**For the Years Ended December 31, 2021 and 2020**---

# **1. Organization and Nature of Business**

Loosid App, LLC (the 'Company') is a Limited Liability Company organized on March 2018 under the laws of the state of Delaware with headquarters in Sunny Isles, Florida. The Company developed a digital sober community that makes dating, travel, and socializing easier for those who refrain from alcohol.

# **2. Summary of Significant Accounting Policies**

# **2.1 Basis of Presentation**

The accompanying financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ('GAAP'). The Accounting Standards Codification ('ASC') as produced by the Financial Accounting Standards Board ('FASB') is the sole source of authoritative GAAP.

# **2.2 Use of Estimates in Preparation of Financial Statements**

The preparation of financial statements in conformity with US GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting periods. Actual results could differ significantly from estimates.

# **2.3 Cash and Cash Equivalents**

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of cash and demand deposits in banks, merchant banking clearing accounts, and short-term investments. To reduce its credit risk, the Company monitors the credit standing of the financial institutions that hold the Company's cash and cash equivalents. Accounts are guaranteed by the FDIC up to $250,000 per depositor.

# **2.4 Fair Value of Financial Instruments**

Fair value is determined based on estimated future net cash flows discounted for the inherent risks associated with the assets, or other valuation techniques. Certain instruments of the Company's financial instruments, including cash, accounts payable, debt and other accrued liabilities are carried at cost, which approximates their fair value because of the short-term maturity of these financial instruments. Due to uncertainties in the estimation process and other factors beyond our control, it is possible that actual results could differ from those estimates and could materially affect the financial statements.

# **2.5 Property and Equipment**

Property and equipment are recorded at cost less accumulated depreciation. Expenditures for improvements are capitalized. Upon sale or retirement, the cost and related accumulated depreciation and amortization are removed from the accounts and any gain or loss is reflected in the statement of operations. Expenditures for maintenance and repairs are charged to the statement of operations as incurred. Depreciation of property and equipment is computed using the straight-line method over the projected life of the item.

Property and equipment are reviewed on an ongoing basis for impairment based on comparison of carrying value against undiscounted future cash flows. If an impairment is identified, the assets carrying amounts are adjusted to fair value. There no adjustments for the years ended December 31, 2021 and 2020.

# **2.6 Accounts Receivable**

Receivables include amounts due from customers arising in the normal course of business. Uncollectible amounts, if any, are written off after adequate collection efforts are made. There are no uncollectible amounts at year ending December 31, 2021 and 2020.

7

# **Loosid App, LLC**  
**Notes to the Financial Statements**  
**For the Years Ended December 31, 2021 and 2020**---

# **2.7 Income Taxes**

The Company has analyzed tax filing positions utilized with the Internal Revenue Service and all state jurisdictions where it operates. The Company believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Company's financial condition, results of operations or cash flows. Accordingly, the Company has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at December 31, 2021 and 2020.

# **3. Advance From Member**

Advance from member represents a demand note. The note is classified as long term because the balance has no repayment schedule.

# **4. Concentration of Credit Risk and Significant Customers and Vendors**

The Company's financial instruments that are exposed to concentrations of credit risk consist primarily of cash deposits in excess of federally insured limits and accounts receivable. On December 31, 2021 and 2022, the Company had no FDIC uninsured cash balances. The Company has not experienced any losses in such accounts. Management believes the risk of exposure from receivable is limited due to the nature and collection history of the Company's receivables.

# **5. Subsequent Events**

As of November 26, 2022 there are no subsequent events which either warrant a modification of the value of the assets and liabilities or any additional disclosures for the reporting fiscal year.

8

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

# Kirill Basin Work History

A serial investor/entrepreneur, Kirill Basin has been the CEO of The eDesign Group since 2022. The eDesign Group is a residential and commercial home/work automation and tech integration firm. Since 2017, he has managed family investment initiatives, and has lead companies through growth and acquisition. A graduate of NYU Law, he focused on public interest law through indigent defense and impact litigation. As a founding investor in Loosid, he believes that private industry can serve the public good.

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

Contact

www.linkedin.com/in/mjgottlieb
(LinkedIn)

Top Skills

Online Advertising
Marketing Strategy
Social Media

Publications

Turning Lemons Into 'Lemon-aide':
An Interview With Shark Tank's
Daymond John

{Podcast} with MJ Gottlieb - How
To Ruin A Business Without Really
Trying

4 Reasons Decreasing Customers
Can Increase Your Long-Term
Growth

10 Ways Entrepreneurs Fail Their
Way To The Top

How to Ruin a Business Without
Really Trying

# MJ Gottlieb

Chief Executive Officer at Loosid App
New York, New York, United States

## Summary

MJ GOTTLIEB is a lifelong entrepreneur, having owned and
operated five businesses and one not-for profit foundation over the
last 31 years.

He is co-founder of LOOSID APP, an app created for those who
choose to live a sober lifestyle.

Loosid was born out of the need to unite the sober community and
bring together those people in recovery and battling addiction, as
well as those who choose to live a sober lifestyle for other reasons (a
combined total of over 300 million people from all walks of life).

Loosid's vision is to create a comprehensive digital platform for the
sober community that celebrates the sober lifestyle while at the
same time providing support for those members of the community in
recovery or struggling with addiction.

Loosid App Awards:

#5 Fast Company Most Innovative Companies (Social Media
Category)

2019 PRNEWS Platinum PR Awards Finalist for the "Best Launch -
Consumer Category"

2019 Webby Award Finalist - Lifestyle Category

He is former Co-Founder of Hustle Branding & Surge Brand
Partners . He specializes in providing comprehensive strategic
solutions in various aspects of business. His expertise focuses on
five principal areas: start-up development, corporate strategy, brand
management/licensing, conceptualization and implementation of
product launches, and helping start-ups to create strategic alliances
to help fund their growth.

HOW TO RUIN A BUSINESS WITHOUT REALLY TRYING is a
business book containing fifty-five painstaking, yet hysterical tales

Page 1 of 6

from MJ's journey as an entrepreneur. The foreword is written by Shark Tank's Daymond John.

The book is one of very few that concentrates on what "not" to do as its method of teaching. MJ takes this approach as he has found that most entrepreneurs simply do not like to be told what to do, and that learning what not to do simply makes a lot more sense. By reversing the traditional way we learn and teaching people to learn from the mistakes of others, we take the ego out of the equation so entrepreneurs can take their guards down and learn objectively, while still allowing them to enjoy the freedom of their own experience.

Specialties: Consulting individuals and companies to help develop their brand awareness and leverage themselves online. Preparing small firms to create strategic alliances with larger firms to take their businesses or start-ups to the next level.

# Experience

Loosid App

Chief Executive Officer

March 2018 - Present (5 years)

Greater New York City Area

Loosid is a first-of-its-kind application for the sober community, welcoming anyone interested in living a sober life. Loosid aims to spread the message that sobriety is not the end of fun, but only beginning.

Loosid provides its members with comprehensive features to navigate and maintain their sobriety. In our Sobriety Help section we connect people to get them the treatment they need, whether it is from our community, or via professional help in our Treatment & Tele Help Center Guides. In addition to Sobriety Help we offer our members Community Chat Groups, Sober Dating & our Boozeless GuidesTM which offers our members access to 1000's of live and virtual events, restaurants and bars that offer alcohol-free drink options and sober travel.

HOW TO RUIN A BUSINESS WITHOUT REALLY TRYING

Author

August 2011 - Present (11 years 7 months)

Page 2 of 6

MJ Gottlieb's How To Ruin A Business Without Really Trying is a highly animated, layman's terms business book containing fifty-five painstaking, yet hysterical tales from MJ's journey as an entrepreneur.

The book is one of very few that concentrates on what "not" to do as its method of teaching. MJ takes this approach as he has found that most entrepreneurs simply do not like to be told what to do, and that learning what not to do simply makes a lot more sense!... By reversing the traditional way we learn and teaching people to learn from the mistakes of others, we take the ego out of the equation so entrepreneurs can take their guards down and learn objectively, while still allowing them to enjoy the freedom of their own experience.

"This book takes a new and exciting approach on how to teach entrepreneurs. Learning from the mistakes of someone else's experiences will save them from making similar mistakes in their entrepreneurial journey."

- Daymond John, Co-Host of ABC's "Shark Tank"

"MJ Gottlieb has written a successful book on how to fail--witty, engaging, on the money."

-- Marvin E. Eisenstadt, Chairman, SWEET 'N LOW

"This book explores the dark side of Wall Street's version of the American Dream. The truth is most businesses fail. It's time someone took a clear eyed and fun look at why."

- Nelson George, co-author of Life & Def- The business memoir of entertainment mogul Russell Simmons

# HUSTLE BRANDING

Co-Founder

March 2012 - June 2017 (5 years 4 months)

NYC - Dallas

HUSTLE BRANDING, founded by MJ Gottlieb and Gary O'Neil, is a strategic consulting firm specializing in the implementation of creative business strategies to help aspiring entrepreneurs and small businesses increase their brand awareness and monetize their businesses.

Page 3 of 6

# CLEAN FUN NETWORK

Co-Founder

September 2014 - November 2015 (1 year 3 months)

Worldwide

Clean Fun Network (CFN) is the premier community for individuals interested in leading healthy, clean and fun lifestyles.

Guided by the belief that "fun does not end with sobriety," CFN offers a diverse range of life-changing experiences and services, including group travel, signature events, weekend getaways, spontaneous get-togethers and dating to help those who are committed to sobriety find a life filled with excitement and adventure.

# Urban Connexion, Inc.

Founder

January 2001 - 2008 (7 years)

Urban Connexion (UCX)- a Strategic Consulting Company & Full Service Sales Agency in the fashion industry with distribution in over 1200 stores domestically. UCX represents clients in the urban contemporary market and had its strongest year in 2006 with just over $23 M in annual revenue.

# Crooked Ink Collection

Co-Owner/Founder

February 2004 - November 2007 (3 years 10 months)

VP Operations responsible for making sure all divisions were working efficiently with both their time and productivity. Acted as both the liaison and troubleshooter for any such problems before they caused any significant issues that would impair such workflow and productivity; worked with sales force to assist with any concerns they may have with their orders or problems they may have with their accounts.

Responsible for all overseeing all marketing and product branding including but not limited to: directing and overseeing all photo-shoots, castings and layouts, the conceptualization and creation of all advertising campaigns; and approval of all public relations campaigns and PR activities.

Created and developed in-store merchandising strategies and store promotions for national accounts

Achievements

Built revenue in excess of $4M by the end of second year in business

Brought revenue up to $1M per month in 1st quarter 2007.

Page 4 of 6

# FUBU / DRUNKN MUNKY

# VP Sales

2002 - 2003 (1 year)

Oversaw the Drunkn' Munky brand and acted as the liaison between the heads of New York office and Peter Kim, Drunkn Munky President, based out of Los Angeles office.

Performed critical role in the transition between the two companies in the merger. Aided the transition by taking each company's methods and integrating them into a more standard business model that both could agree upon.

Integrated senior level management opinions and strategies for each division between the companies in an amicable fashion such that the new company wouldn't lose traction with its old customers and new customers were attracted to the new company at the same time.

Led the sales push for the new company both in house and on the road and at tradeshows, and other company agreed upon events.

# Achievements

Merged Drunkn' Munky with FUBU parent company GTFM Inc.

Built revenue from $2.8M to over $15M dollars in revenue over the first eighteen months of the merger.

# ENTRIG, THE COLLECTION

# Co-Owner/Founder

January 1998 - January 2002 (4 years 1 month)

Entrig was an urban contemporary brand that catered roughly 5-700 specialty stores and statewide chains across the United States.

Managed a sales force of seven as well as served as VP of Operations for company and managed all divisions of company on a daily basis to make sure each department was handling their agenda.

# Five-Star Basketball Apparel

# Creative Director

January 1996 - January 1998 (2 years 1 month)

Five-Star Basketball Apparel was the apparel license for the world most famous basketball camp, Five Star Basketball Camp, a camp with graduates such as Michael Jordan, Patrick Ewing, and Alonzo Mourning.

Responsible for entire creative direction of brand; strategic direction; marketing and advertising campaigns; as well as product innovation and direction.

# Achievements

Opened Footlocker account within first 12 months of business.

Page 5 of 6

## BNW RACIAL AWARENESS WEAR

Co-Founder

November 1991 - November 1996 (5 years 1 month)

Colorado, Los Angeles

BNW RACIAL AWARENESS WEAR was an urban contemporary clothing line dedicated to exposing prejudice, and fighting racism in America.

## Education

University of Colorado Boulder

· (1988 - 1991)

Page 6 of 6

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

# Zhanna Basina Work History

Zhanna Basina has been CEO of Just Home Healthcare since 2001. She manages the day-to-day operations of the business as well as oversees strategic initiatives and decisions. She is co-founder in Loosid, and plays an active role on the Board of Directors.

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

LOOSID

Live Sober. Love Sober.

# IN THE MEDIA
NEWS, PODCASTS & PRINTS

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

We've Reached More Than
500 Million
With Our Message

LOOSID

Sober Isn't Boring.

LOOSID

Forbes

MARKETS

# ‘Sober App’ High On Fighting Addiction

Like many addicts, MJ Gottlieb, a former alcohol and cocaine abuser, remembers the exact day he became sober: March 21, 2012.

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

Over the shoulder view of a young woman choosing food from the menu on mobile app while lying on the ... [+] GETTY

destinations, and get support from groups in one’s community that promote sober living. LOOSID includes a full suite of recovery tools for people to connect and get help at a moment’s notice without leaving their homes, a plus during the pandemic.

Now, the co-founder and CEO of LOOSID is giving away his “sober app” for free ahead of his company’s first institutional capital raise.

Gottlieb’s app, created in 2017, makes it easy to find new friends, date, go to fun events and

Fast Company

04-26-19 | EXPERIENCE ECONOMY

# Sober curious? There’s an app-in fact, a whole community-for that

Loosid is a digital sober community that makes dating, travel, and socializing easier for those who refrain from alcohol. And it’s not just for those in recovery: health enthusiasts are quickly joining.

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

# Fast Company
10.9 Million UVPM

BY RINA RAPHAEL 5 MINUTE READ

When serial entrepreneur MJ Gottlieb, 48, was trying to get sober years ago, he completely avoided drinking establishments. That proved no easy feat when there were at least 14 bars in a two-block radius around his home in New York City and so many friends and colleagues relied on the usual social outings.

“There was like nothing else people would come [up with] than ‘let’s grab a drink’ or ‘let’s tailgate,’” says Gottlieb. “Everything seemed to be centered around alcohol.”

At the time, Gottlieb ran a strategic consulting firm which specialized in small brands. To unwind, he inevitably wound up in one of two places: coffee shops and diners. Those became his entire social scene. But it got old, quick.

“I said to myself: Is this all

[Image: Loosid]

there is?” recalls Gottlieb.

# Forbes
27 Million UVPM

LOOSID

# The New York Times

70 Million UVPM

## The New York Times

### Finding Love Without Alcohol

Going out for drinks has become a dating norm, but what if you're sober?

![Facebook icon]() Give this article ![Twitter icon]() ![Instagram icon]() ![YouTube icon]() ![LinkedIn icon]()

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

Loosid app, a sober social network that started in 2018, offers boozeless guides, chat groups and a sober dating platform.

A few months after connecting on Loosid, Margaret Cromwell, 34, a registered dietitian, and Arthur Amstead, 31, a financial sales consultant, made their relationship Facebook official in May 2019.

Ms. Cromwell and Mr. Amstead, who live together in Wayland, Mass., are both in recovery.

Before getting sober in October 2017, Ms. Cromwell described dating as unstable. She didn't trust men. 'There were much more highs and lows,' she said.

Mr. Amstead, who gave up alcohol in February 2018, was also displeased with his love life. 'When it came to dating, it was more about drinking,' he said. 'It just wasn't fun anymore.'

Now, without booze, Mr. Amstead is focused on building his relationship. 'The communication is 100 times better,' he said. 'We might have little arguments, but we talk through it and figure out what the problem is for both of us and work upon that to create a better life.'

![Loosid logo]() LOOSID

The Wall Street Journal

42 Million UVPM

# THE WALL STREET JOURNAL.

English Edition ▼ Print Edition Video Podcasts Latest Headlines More ▼

GEAR & GADGETS

# Looking for Love Post-Lockdown?
Niche Dating Apps Are the Next
Big Thing

Designed to pair up pet owners, runners, vegetarians,
gamers and even astrology zealots, super-specific dating
apps are helping singles find common ground quickly now
that we're no longer confined

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

Loosid co-founder MJ Gottlieb.
PHOTO: GETTY IMAGES (POLAROID)

# For the Substance-Free

After six years of sobriety, MJ Gottlieb knew he
needed to find a better way to date. "Nine out of
10 times the woman would say, 'Oh, my God,
You don't drink? How are we going to have any
fun?'" he said of prospective partners,
explaining that "it is a huge trigger when the
person on the other end of the table is slinging
drinks."

In 2018, Mr. Gottlieb co-founded Loosid, a free
dating and friendship app for those committed
to sobriety. "When you're dealing with
alcoholism or addiction, it is a life or death
situation and we wanted to create a safe place
for people to connect and engage in the dating
space," he said. Post-lockdown, the free app has

seen a roughly 3,500% increase in messages among its 120,000 users. The platform has five
different sections including a Tinder-like dating portion where you can accept or reject a
potential match by hitting an X or a check; a Facebook-like wall where people post
milestones about their sobriety and lives; and a "sober hotline" where users "can very
clearly see if somebody needs help and can respond right away," Mr. Gottlieb said. Loosid
also offers resources like a directory of over 17,500 addiction treatment centers and tele-
help centers, plus a social calendar of booze-free events happening across the country and
online.

LOOSID

Forbes

27 Million UVPM

# Forbes

SOCIAL MEDIA

# Social Media App Loosid Sees An Uptick In Sober Dating Numbers

In the Covid-19 era when reports suggest more Americans subjected to lockdowns are struggling with excessive alcohol consumption, one social media app is welcoming users looking to date in a world of sobriety.

The online dating platform Loosid is a free, “sober” social media networking app. Its functions are dedicated to help users find and match with members who have similar interests - while embracing a lifestyle free of alcohol and illegal drugs.

While Loosid users can seek tea totaler love, the app also encourages friendship connections and online groups highlighting different interests and causes - including pages for booze-free restaurant guides for spots offering mocktails or even resources for those who fear they may have a drinking problem. The service’s statements now list the number of interactions on the app in the hundreds of thousands.

PROMOTED

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

Users of the social media app Loosid choose sober dating options during the time of Covid-19. NURPHOTO VIA GETTY IMAGES

While Loosid users can seek tea totaler love, the app also encourages friendship connections and online groups highlighting different interests and causes - including pages for booze-free restaurant guides for spots offering mocktails or even resources for those who fear they may have a drinking problem. The service’s statements now list the number of interactions on the app in the hundreds of thousands.

LOOSID

FAST COMPANY

ION TECH WORK LIFE NEWS IMPACT PODCASTS VIDEO INNOVATION FESTIVAL 360 SUBSCRIBE

# The 10 most innovative social media companies of 2020

Cameo, Community, Loosid, and Revel join Pinterest and MeWe as the social sphere heats up again.

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

# Social Media

Fast Company

10.9 Million UVPM

# 5. LOOSID

For connecting sober people with each other

Founded in 2018, Loosid is a digital sober community that makes dating, travel, and socializing easier for those who refrain from alcohol. When nonalcoholic beverages are worth $7 billion more than just four years ago, and zero- or low-alcohol beer is the fifth-fastest growing beer type, Loosid is tapping into the occasions around these trends. In early 2020, the company launched Boozeless Guides, inside looks at local restaurants and bars across the United States that offer alcohol-free drink options.

LOOSID

The New York Times

70 Million UVPM

Popsugar

14 Million UVPM

≡ P O P S U G A R . L O V E

# The New York Times

## ‘Vodka in Your Coffee Cup’: When Pandemic Drinking Goes Too Far

Some women are seeking to regain control over their alcohol habits after months of laissez-faire consumption.

Loosid, a sober social and dating network, saw more than a 3,000 percent increase in messages and posts this year, rising from about 500 in February to over 16,000 in November. Its hotline has been just as active. In February, the hotline received 84 messages. Last month, it received 3,205.

Popsugar • Love • Happy Hour • This Sober Dating App Lets You Do More Than Just Grab Drinks

## Sick of Bar Dates? This Sober Dating App Is Changing the Game

Luckily for me and many others who are feeling a little sick of bar dates, there’s a new app hoping to change the dating game. Loosid, a sober dating app that launched in November 2018, is hoping to help people living sober find love. When speaking to PR Newswire, MJ Gottlieb, Cofounder and CEO of Loosid, said: “As someone who has been sober since 2012, I know firsthand how daunting and overwhelming staying sober can be when drugs and alcohol was all you knew. When I first entered sobriety, I thought that was the end of fun, so I invariably went back to using drugs and alcohol. Loosid was created to show the millions of people in recovery or seeking a sober life that not only is it not the end of fun, it is just beginning.”

Loosid is not just a dating app - it also aims to provide a community for people choosing to be sober due to health and wellness reasons, as well as people recovering from addiction. In fact, you don’t have to use the dating function of the app at all if you don’t want to. When you set up your profile, the app asks you what you’re hoping to find while using Loosid. Are you someone recovering from addiction who hopes to meet like-minded people? Someone curious about sobriety who wants to learn more? Or someone sober due to other reasons and wants to join a sober community? If you fit into one of these categories, you’re in the right place. Loosid also offers various hotlines for support, several chat groups to meet people with similar experiences, and many “boozeless guides” to help you during your sobriety journey. And of course, there’s a dating profile you can set up (which is just like any other dating profile) - but the app gives you the option to skip that step altogether if love is not what you’re looking for.

![Loosid logo]() LOOSID

# Thrive Global

11 Million UVPM

![Thrive logo]() THRIVE

CONTRIBUTOR LOG IN

WELL-BEING WISDOM WONDER PURPOSE SLEEP SPECIAL SECTIONS COMMUNITY ![arrow icon]()

# COMMUNITY

## MJ Gottlieb: “Addiction is a disease”

*Addiction is a disease. Just like diabetes or cancer. You can’t wish it away. You need to get treated in order to get better. It’s not your fault that you are addicted. You are genetically predisposed to a condition that only a spiritual program of rigorous honesty and action can resolve. You are not alone. You [...]*

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

I had the pleasure of interviewing MJ Gottlieb the Co-Founder & CEO of Loosid, a groundbreaking new app that makes it easy to find new friends, dating, fun sober events and destinations, and groups in your community that promote sober living. MJ has been sober since March 2012, but began his first attempt at sobriety in the late 1990’s. He invariably found his way back into addiction for one main reason... to him, sobriety simply wasn’t fun.

In 2017, MJ began developing the Loosid app to offer millions of people in the sober community access to fun experiences and a place to connect and find support. He also wanted to create a full suite of recovery tools for people to connect and get help at a moment’s notice. He knew the stigma so many have reaching out to people and knew that the best way to provide that connection was through the one thing that people are never without-their phones!

In addition to starting Loosid, MJ also owned and operated six businesses over the last 23 years. Clients have included: Fubu, Phat Farm, Samsung America and lists of others in the sports, clothing, media and entertainment industries. He is also the author of *How to Ruin a Business Without Really Trying*, a book written for the aspiring entrepreneurs of our next generation on the most important things NOT to do when starting and running a business for the first time. The foreword to the book was written by Shark Tank’s, Daymond John.

![Loosid logo]() LOOSID

## Today online

23.9 Million UVPM

“Alcohol really does have a monopoly on how we socialize and how we have some of these really valuable times of being loose and being free... but, a lot of times it also gets in the way of what we’re trying to do... apps like Loosid organize sober events, [and] even dating with fellow non-drinkers.”

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

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

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

![Loosid logo]() LOOSID

## CheddarTV

"[It's] not just for people in recovery. I think a lot of people don't understand that there are upwards of seventy to eighty million people who are practicing sober lifestyles and who happen not to be in recovery."

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

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

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

## Good Day D.C.

FOX News

"Being single and looking can be tough enough - it can be even more difficult when alcohol is taken out of the picture. In a world where happy hours and dancing revolve around alcohol, meeting like-minded people can be a challenge for people who are in recovery, or don't want to drink."

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

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

## Fox5 News NY

“You all have this same common bond. That’s something that’s so important... The sober space and the wellness space are so interconnected.”

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

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

## News21 New Jersey

“For many Americans, dating and socializing are synonymous with consuming alcohol. For those in alcohol abuse recovery or simplify those who choose not to drink, it can be difficult to have an active social life. ‘In order to have fun, they don’t have to have a drink in their hand,’ says the app’s co-founder and CEO MJ Gottlieb. Loosid provides its users with dating and nightlife options as well as travel and wellness events for those who wish to remain sober.”

![Loosid logo]() LOOSID

## Fast Company

11.8 Million UVPM

“Loosid is not meant to silo off the sober, but rather to give them the freedom and comfort to easily abide by a lifestyle that often still feels taboo. This is especially true with dating, stresses Gottlieb, who says many members get negative reactions when they suggest anything but grabbing drinks for a first date.”

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

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

## Reuters

49 Million UVPM

“I have had countless friends that have apps, the other apps and then they’ve unfortunately relapsed for those who are in recovery because of that that social pressure and so they needed that social lubricant so being able to date in a really safe container is very, very important.”

![Loosid logo]() LOOSID

# CBS This Morning

# Fox 5

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

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

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

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

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

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

LOOSID

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

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

## AM New York

460k+ UVPM

“Sober Groups Help Recovering Addicts Meet Up To ‘Have A Blast In Sobriety’”

“There’s a saying, ‘Those amongst us, no explanation necessary; those not amongst us, no explanation is possible.’”

“I don’t believe in competition - anyone who is contributing to the sober lifestyle, we just welcome with open arms as long as their intentions are genuine,” Gottlieb said. “We want to show that you can have a blast without having to get blasted.”

**am**NEWYORK

**LOOSID**

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

## Health Magazine

1.5 Million Circulation

“Socialize in New Ways” (April 2019)

“... a new app, Loosid, can help you find sober events as well as groups in your community that promote sober living.”

## Cosmopolitan

9.4 Million UVPM

“Five Sober Apps For People Who Don’t Want To Drink”

Dating is hard, and finding your potential suitor via a dating app is sometimes even harder... not to mention when you’re sober. In fact, 73 percent of daters who are regular boozers prefer going out for drinks on a first date-46 percent because it’s easy and less formal, and 27 percent because it’s a good way to let your guard down and have a conversation according to Zoosk.

**COSMOPOLITAN**

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

## Mashable

37 Million UVPM

“Loosid is an app that offers a multitude of resources for the sober community to get social, without the pressure or anxiety to drink or be around around drinking.”

Mashable

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

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

## BoldTV

300k+ UVPM

“I wanted to create a platform that shows that you can have amazing experiences in sobriety... it was so important to build a community with events and all these amazing experiences that just don’t involve drinking or using substances.”

**BOLD**

**LOOSID**

# WTOP

7.2 Million UVPM

## “Sober Dating App Offers Alternative in Alcohol-Fueled Singles World”

Being single and looking can be tough enough - it can be even more difficult when alcohol is taken out of the picture. In a world where happy hours and dancing revolve around alcohol, meeting like-minded people can be a challenge for people who are in recovery, or don’t want to drink. With the tag line “Live Sober. Love Sober,” the Loosid app calls itself a “digital sober community,” that lets people meet other nondrinkers.

**wtop**

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

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

## askmen BECOME A BETTER MAN

1.3 Million UVPM

### “Sober App Makes Alcohol-Free Dating Much Easier”

It’s pretty much a dating default to “grab drinks” after work, to the point where some of my friends have designated “Bumble Bars.” That go-to can breed awkwardness of you struggle with addiction or just don’t mess with booze anymore. Enter Loosid, a supportive app that connect you with not only connects you with other sober-minded singles, but thoughtfully tunes you in to alcohol-free events in the area.

askmen®

![Loosid logo icon]() **LOOSID**

## Elite Daily

26.7 Million UVPM

**“5 Tips For Dating When You Don’t Drink, Because It Seems As If Everyone Suggests Meeting At Bars”**

Thankfully, dating as a non-drinker doesn’t have to be boring at all. And just because your partner chooses not to drink doesn’t mean you can’t enjoy alcohol when they’re around. “The fact that I don’t drink has nothing to do with the fact that you do,” says MJ Gottlieb, creator and CEO of Loosid, a dating app and social platform for the sober community.

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

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

## Time.com

44 Million UVPM

**“Why Alcohol Companies Are Betting on Non-Alcoholic Booze”**

Social campaigns are helping the trend snowball... Loosid, an app aiming to be the “sober Facebook” - i.e., a booze-free dating, events and networking platform - has attracted almost 20,000 members since it started accepting users in late February.

![Loosid logo]() LOOSID

# TheThings.com

977k+ UVPM

## “Sober Dating App Lets People Make Alcohol-Free Love Connections”

The main goal of Loosid lies in its tagline: “Live sober. Love sober.” It’s a lot simpler to love sober when you’re doing yoga on the beach, going for a coordinated group hike, or attending an alcohol-free comedy show. On top of that, already having something in common will hopefully help people avoid the inevitable horrible dates most of us have to suffer through.

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

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

## Paper Magazine online

1.5 Million UVPM

## “Loosid Helps Sober People in an Alcohol-Obsessed Dating Scene”

It’s no secret that drinking is a big component of contemporary dating - after all, “drinks” tend to be the de-facto activity a Tinder date will propose for your first meet-up. However, what happens when you’re in recovery or sober for another reason? How do you date in a world where everyone seems to be drinking without feeling awkward or like you have to explain yourself (which you, obviously, don’t)? Well, that’s where a new app called Loosid comes in.

![Loosid logo]() LOOSID

# dot complicated by Randi Zuckerberg

35 Million UVPM

SiriusXM

# dot complicated
by Randi Zuckerberg

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

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

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

LOOSID

The Jenny McCarthy Show

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

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

# The Jenny McCarthy Show

35 Million UVPM SiriusXM

# iHeart Radio - CEO Unplugged

## AJC Atlanta. News. Now.

11.8 Million UVPM

### “Sober Dating App Lets People Make Alcohol-Free Love Connections”

There’s just huge challenges when people come into sobriety for the first time,” Gottlieb told The Atlanta Journal-Constitution. “So many of my friends that have relapsed are so ashamed of judgment that they don’t ever want to go back to the meetings they went to,” he said. “There’s this safe space that’s created because you’re just on your phone.

Atlanta. News. Now.

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

*“So many of my friends that have relapsed are so ashamed of judgment that they don’t ever want to go back to the meetings they went to,” he said. “There’s this safe space that’s created because you’re just on your phone.”*

## Well+Good

1.3 Million UVPM

### “The Definitive Guide To The Best Dating Apps For Finding Love And Sex (Or Whatever)”

It’s pretty much a dating default to “grab drinks” after work, to the point where some of my friends have designated “Bumble Bars.” That go-to can breed awkwardness of you struggle with addiction or just don’t mess with booze anymore. Enter Loosid, a supportive app that connect you with not only connects you with other sober-minded singles, but thoughtfully tunes you in to alcohol-free events in the area.

![Loosid logo]() LOOSID

# Good Morning America (online)

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

M.J. Gottlieb, a recovering alcoholic from New York City, said he celebrated his eighth year of sobriety on March 21, one day before Gov. Andrew Cuomo issued a statewide stay-at-home order in an attempt to blunt the spread of the virus -- which as of Thursday had killed more than 2,300 people in the state, including nearly 1,400 in New York City. In November 2018, Gottlieb, an entrepreneur who has owned and operated several clothing brands, launched Loosid, an app providing a platform of hotlines and online or services to break the stigma that sobriety 'means the end of fun.'

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

'I had been trying to get sober for many many years and I would invariably find myself at coffee shops and diners. I said to myself, if this is all there is then I'm going to continue to use, which I did for the next 15 years,' Gottlieb told ABC News, adding that before the pandemic struck Loosid was introducing people to things like sober travel and restaurants offering sober cocktail or 'mocktail' hours.

Since the first week of March, Gottlieb said Loosid has seen a 93.8% increase in monthly active users taking advantage of its online services like mindful meditation and yoga classes.

'There's about 60,000 people using the platform right now,' Gottlieb told ABC News.

He said many people have been using the app's 'sober curious' group, where people who suspect they are developing a substance or alcohol abuse problem can find information and seek help. He also said he has seen a 620% increase in dating messages sent.

![Loosid logo]()

BELLA Magazine

# BELLA
MAGAZINE

Before your life date here

Real Talk with BELLA

Real Talk With BELLA: MJ Gottlieb, Co-Founder + CEO Of
Loosid App

by BELLA Magazine

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

The Real Talk with BELLA podcast welcomes **MJ Gottlieb**, co-founder and CEO of **Loosid**, the top sober social network in the U.S. Addiction and sobriety have a stigma attached to them, it's often a topic to be hushed. But people seeking help need to hear other people's stories, to know that they are not alone in this fight. I am excited to share Loosid's latest feature on the platform, "Recovery Voices", a unique offering on the sober educational and social platform where Loosid members can access exclusive interviews of well-known individuals sharing their intimate stories of addiction and their inspiring journeys to recovery and sobriety.

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

After an article I wrote entitled "How Dax Shepard's Relapse is Saving my Sobriety" was published on Scary Mommy, I was given the opportunity to interview MJ Gottlieb, CEO and co-founder of Loosid, a sober social networking site whose mission is to normalize addiction and end the stigma and shame associated with the disease. Gottlieb shared the staggering statistic that within the first three weeks of COVID, his app saw a 1,900% increase in calls for help. Messages of desperation: "I have the pills lined up on my counter and I'm going to overdose. I can't do this anymore." Individuals who were pleading to be talked off the ledge, seeking help, suffering alone.

Gottlieb believes, "the opposite of addiction is connection" which is why, as a person in recovery himself, he created a network for those affected by addiction. Within the app, users can access helplines, treatment facilities, and sober chat groups, completely free of charge. They also offer "sober curious" groups, a safe space for testing the waters and getting answers to some of the hardest questions we have to ask ourselves. Loosid offers a glimpse into another way of life-including guides to sober living, sober dating, even sober vacation destinations. Even though so much of our society centers around wine tastings and happy hours, there is so much out there that doesn't have to involve picking up a drink. Sober life is anything but boring!

LOOSID

GH

Life • Relationships

# The Best Dating Apps to Make This One a Year for Love

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

## For Sober People Seeking Love: Loosid

Dating can often seem like a lesser country endeavor, but not as Loosid. A community of people living the sober lifestyle, the app can help you find like-minded folks, treatment options and support for maintaining your sobriety, and alone with others embracing the alcohol-free life.

HERE A RICH

yahoo/life

SIMPLE

## 5 Dating Apps For People Who Really Just Don't Want to Drink

### 1. Loosid

Individuals can find and match with members of the sober community who share similar interests and passions. A plus? Once you are matched, Loosid will suggest sober events for you and your new boo to attend that go above and beyond meeting at a bar.

HR Glare. BEAUTY. FASHION. MILLIMOTS. LIFESTYLE. RELATIONSHIPS. TEAE

## The Dating Apps You Should Be On If You Lead A Sober Lifestyle

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

### Loosid

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

Although it finds itself on the list of sober dating apps, Loosid is much more than that. Instead of just being about sober people finding other sober people to date, Loosid is about staying clean as an entire lifestyle (via Healthy Framework). Because of this, making love connections isn't the primary goal. With Loosid, the big draw is getting people who are already living the sober lifestyle together and connecting them on different levels. There are opportunities to chat with other sober people, endless resources to help those in their sobriety and recovery process, and similar sober-related features that aren't just about dating.

Elite. DAILY

MENU

DATING

## 12 Dating Apps To Try That'll Make 2020 So Much Better

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

## Loosid

On most dating apps, meeting up for drinks at a bar is a pretty common first date suggestion. Loosid, a dating app for the sober community that also incorporates resources to help users maintain sobriety, doesn't have that problem. A recent study by WhistleOut found that it's been the most popular niche dating app in both New York and California during 2020.

Whether you decided to give up alcohol during quarantine or you've been sober for years, Loosid can help to connect you with others who share the same lifestyle. The best part? Once you've matched with someone, Loosid will suggest local events for you to attend that don't involve drinking.

LOOSID

![Home button icon]() ![Back icon]() ![Back icon]() ![Back icon]() ![Back icon]()

Top Companies

Top Apps

Advertise

![Subscribe button icon]() ![Subscribe button icon]()

Home > Top X

Top X

## 10 Best Self-Care Apps to Handle Stress and Live a Healthy Life

These self-care apps have been shortlisted on the basis of their popularity, user ratings, and features. Download the one that suits you best.

Last Updated on : October 28, 2022

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

4.

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

### Loosid, one of the best self-esteem apps

4.7

4.5

If you are looking to cut back on drinking or get sober, Loosid is the app you need to download right away! This self-care app will help you find amazing experiences around the world or in your local area, connect with other members, or date other sober singles. Loosid also offers emergency and recovery support for those who need it the most. This one of the best self-care routine apps also enables you to find a repertoire of local restaurants that offer sober-friendly options and mocktails.

## Boston Globe

CORONAVIRUS

METRO

SPORTS

BUSINESS

TECHNOLOGY

## These apps can help you stick to your New Year’s resolutions

By **Lauren Daley** Globe Correspondent, Updated December 29, 2021, 5:42 p.m.

CORONAVIRUS

METRO

SPORTS

BUSINESS

TECHNOLOGY

The buzzy app Loosid is billed as “the sober social network,” where you can meet folks at sober-friendly events, or even find a sober date. *Free to download*

![Loosid logo]() **LOOSID**

Well+Good

USA Today

WELL+GOOD

SKIN-CARE TIPS FOOD AND NUTRITION HOLDING TREATMENT FITNESS TIPS RELATIONSHIP TIPS ALL TO

## The Pandemic Has Worsened the Opioid Epidemic
-Here's How Resources Are Adapting To Save Lives

### Virtual community connections

One app that already has a community-focused approach is Loosid, a free digital platform for the sober community. Loosid highlights sober-friendly events and places while simultaneously providing support through community members and vetted experts. "There are millions of people who are in need of finding a sober life and the only way to reach a need of that scale is through your phone," says co-founder and CEO MJ Gottlieb. The app has grown to include over 81,000 people since its launch in 2018.

There are multiple ways to connect with other people who use the app, through virtual community forums (which are monitored by trained addiction specialists and a sober dating app. The community forums are places people can connect through common interests or goals. There are groups for runners, people who work in the restaurant industry, people looking for help after a relapse, and those specifically for people recovering from opioid use. "We saw a 70 percent increase in the number of messages being sent in the community groups within the first three weeks of COVID-19," Gottlieb says. In addition to the community groups, there is also a hotline, in case someone is in need of urgent help at any time.

**BREAKING NEWS:** Winning numbers drawn for record-breaking

For You News Sports Entertainment Life Money [ Tech ] Travel Opinion

COLUMNIST

## Alcohol intake increases, so does the need for sobriety tech tools

**Jennifer Jolly** Special for USA TODAY

Published 8:00 a.m. ET May 10, 2020 | Updated 8:47 a.m. ET May 11, 2020

### Tech tools supporting sobriety

There are about 2.1 million people, as of 2018, who attend AA meetings around the world, and though many have moved online, it doesn't work for everyone, especially during a time of crisis. "Think about the other 23 hours in the day where someone may be struggling," said MJ Gottlieb, co-founder of an app called Loosid, a social network for sobriety. "What are people supposed to do then?"

Since the COVID-19 outbreak, Gottlieb said, there's been nearly a 110% increase in weekly active users and a nearly 2,000% increase in groups-joined activity. Loosid is free to use and gives people access to immediate hotlines 24/7, along with "a community of nearly 60,000 members," Gottlieb said. "You don't have to be alone. You just need to say those three words: 'I need help.'"

Google, Facebook and Twitter partnered with the nonprofit Center for Safe Internet Pharmacies and launched an online resource hub for people with substance use disorders called Tech Together. The site helps people battling addiction and the associated stigma.

A. A. A.

## TheNow

“It was about creating events, trips, groups... that focuses around creating amazing experiences within the sober community. And it’s not just restricted to those in the recovery space... but also anyone who chooses to live a sober life.”

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

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

## Access Hollywood

“Being single and looking can be tough enough - it can be even more difficult when alcohol is taken out of the picture. In a world where happy hours and dancing revolve around alcohol, meeting like-minded people can be a challenge for people who are in recovery, or don’t want to drink.”

ACCESS/★

![Loosid logo]() LOOSID

# Kelly Osbourne

SPEAKS OUT FOR LOOSID AND THE SOBER COMMUNITY

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

## People Online

44 Million UVPM

Kelly Osbourne Says She Was “Ghosted” By A Man After Revealing Her Sobriety

“I wish when I first got sober there was something like this already out,” Osbourne said. “You really change a lot: Your social scene, where you go, where you hang out. In the beginning you only want to be around sober people. And you don’t even know where to begin because you can’t go back to what you were doing before. To have this instant community and this instant connection to people who think the way that you do, it’s really vital.”

## InTouch Weekly Online

3.5 Million UVPM

Kelly Osbourne On Her First Year Of Sobriety: “It’s Really F-ing Tough”

## MarketWatch

16.4 Million UVPM

Kelly Osbourne Tells Us About Her Difficult Road to Sobriety, And How She’s Helping Other Addicts

![Loosid logo]() LOOSID

kellyosbourne
2.1m followers

View Profile

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

View More on Instagram

22,979 likes
kellyosbourne

So proud and excited to be a part of the @loosidapp community. Loosid app launched this week in NYC and provides a social community for those of us living a sober lifestyle. THANK YOU Loosid for establishing such an amazing resource! #GetLoosid #LiveSoberLoveSober

view all 347 comments

"One of the hardest parts about being newly sober is deciding what to do with your free time... Being bored can be dangerous. Finding people on the app to do things in your area is great - dating, yoga coffee - it's all there."

-Kelly Osbourne

## Inquisitr.com

8.8 Million UVPM

Kelly Osbourne Shares Her Advice On How To Stay Sober And Avoid Temptation This Christmas Season

## FOX News Online

33 Million UVPM

Kelly Osbourne Shares Her Advice For Staying Sober During The Holiday Season

## YAHOO.com

950k+ UVPM

Kelly Osbourne Wants To Change The Way Sobriety Is Perceived

## Wonderwall

880k+ UVPM

Kelly Osbourne Shares Her Holiday Advice Afetr Marking One Year Of Sobriety

## PageSix.com

5.4 Million UVPM

Kelly Osbourne's Advice For Staying Sober During The Holidays

## DailyMail

44 Million UVPM

"Know Your Limitations' - Kelly Osbourne Shares Advice On How To Stay Sober During The Holiday Season

LOOSID

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

# FOOTBALL, RED CARPETS & MOCKTAILS

DRINKS ARE ON THE HOUSE

## CNET's Download.com

2.7 Million Subscribers

Loosid App Helps Users In Recovery Stay Sober On Super Bowl Sunday

## Black Enterprise

660k+ UVPM

Loosid Is The App For Living Sober - And Helps You Plan A Sober Super Bowl 2019 Party

## Irish Film Critic

20k+ UVPM

Loosid's Guide To A Sober Oscar Viewing Party

## New York Post

426k+ UVPM

Enjoy Tasty Drinks Without A Hangover At A Sober St. Paddy's Cocktail-Making Event

![Loosid logo]() LOOSID

# LISTENERS
HEAR
LOOSID'S
MESSAGE

RADIO AND PODCASTS

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

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

## Dot Complicated

With Randi Zuckerberg SiriusXM
35 Million UVPM

## Recovery Radio

Sobriety, There's An App For That
10k+ Listeners

## Firewall Podcast

Loosid App & MJ Gottlieb
50k+ Subscribers

## WCCO-AM

CBS Radio Network For Minneapolis
15k+ Listeners

LOOSID

# Help Spread The Message

LOOSID

# #GETLOOSID

LOOSID

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

Live Sober. Love Sober.

partnerships@loosidapp.com

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

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

# OPERATING AGREEMENT  
OF  
LOOSID APP, LLC

DATED: February ___, 2023

ACTIVE/121202251.3

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

# TABLE OF CONTENTS

ACTIVE/121202251.3

-i-

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

ARTICLE 1. Formation; Term... 4

ARTICLE 2. Name; Principal Office; Registered Office and Agent... 4

ARTICLE 3. Purposes... 5

ARTICLE 4. Members; Resignation... 6

ARTICLE 5. Capital Contributions; Capital Accounts; LLC Interests... 6

ARTICLE 6. Distributions... 7

ARTICLE 7. Allocation of Profits and Losses... 8

ARTICLE 8. Management... 10

ARTICLE 9. Activities of Members... 13

ARTICLE 10. Limitation of Liability... 13

ARTICLE 11. Meetings; Voting... 14

ARTICLE 12. Transfer of an LLC Interest... 15

ARTICLE 13. Restrictive Covenants... 18

ARTICLE 14. Dissolution and Liquidation... 19

ARTICLE 15. Books, Records and Reports... 20

ARTICLE 16. Fiscal Year... 20

ARTICLE 17. Taxes Withheld or Paid on Behalf of a Member... 20

ARTICLE 18. Works Made for Hire... 21

ARTICLE 19. Modifications... 21

ARTICLE 20. Notices... 21

ARTICLE 21. Mandatory Arbitration...Error! Bookmark not defined.

ARTICLE 22. Applicable Law... 21

ARTICLE 23. Gender and Number... 22

ARTICLE 24. Headings... 22

ARTICLE 25. Counterparts... 22

-ii-

ACTIVE/121202251.3

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

ARTICLE 26. Further Actions ... 22
ARTICLE 27. Waiver ... 22
ARTICLE 28. Binding Effect ... 22
ARTICLE 29. Entire Agreement ... 22
ARTICLE 30. Waiver of Right of Partition ... 22
ARTICLE 31. Severability ... 22
ARTICLE 32. Legal Counsel; Construction ... 23

EXHIBIT A - Members (Names and Addresses), Initial Contributions and LLC Interests

-iii-

ACTIVE/121202251.3

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

THIS OPERATING AGREEMENT (this “Agreement”) of LOOSID APP, LLC, a Delaware limited liability company (the “Company”), is made as of the ____ day of February, 2023, by and between Zhanna Basina (“Zhanna”), an individual having an address set forth on Exhibit A attached hereto, MJ Gottlieb (“MJ”), an individual having an address set forth on Exhibit A attached hereto, and Kirill Basin, an individual having an address set forth on Exhibit A attached hereto (“Kirill” and, together with MJ and Zhanna, and any other person or entity who subsequently becomes a member of the Company in accordance with this Agreement, for as long as such person or entity continues to be a member of the Company, each, a “Member” and collectively, the “Members”).

# W I T N E S S E T H:

WHEREAS, pursuant to the provisions of the Delaware Limited Liability Company Act, Chapter 18 of Title 6 of the Delaware Code, as the same may be amended from time to time (the “Act”), on March 14, 2018, the Members formed, or caused to be formed, the Company; and

WHEREAS, the Members desire to set forth in this Agreement certain matters regarding the Company and their respective interests therein.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and promises contained herein, and intending to be legally bound hereby, the parties agree as follows:

# ARTICLE 1. Formation; Term.

(a) Pursuant to the Act, on March 14, 2018, the Members filed, or caused to be filed, with the office of the Secretary of State of the State of Delaware the Certificate of Formation of the Company (the “Certificate”) thereby establishing the Company under the name “Loosid App, LLC” as a Delaware limited liability company. The Company shall be operated and shall conduct its Business (as defined in Article 3(a)) in accordance with the Act, except as and to the extent modified by the terms of this Agreement.

(b) Unless the Company is sooner dissolved in accordance with Article 14 of this Agreement or the provisions of the Act, the term of existence of the Company shall be perpetual.

# ARTICLE 2. Name; Principal Office; Registered Office and Agent.

(a) The name of the Company shall be “Loosid App, LLC”. The Business (as hereinafter defined) and affairs of the Company shall be conducted under such name or any other name that is selected by the Manager (as hereinafter defined).

(b) The address of the Company’s principal office shall be such address as the Manager may from time to time determine. The Manager shall provide each member with written notice of the Company’s principal office.

(c) The address of the registered office of the Company in the State of Delaware is 251 Little Falls Drive, Wilmington, Delaware 19808. The registered agent of the Company in the State of Delaware is Corporation Service Company. The Manager may, at any time, change the

ACTIVE/121202251.3

4

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

location of the Company’s registered office or change the Company’s registered agent by appropriate filings as required by the Act.

(d) The following documents shall be maintained at the principal office of the Company:

(i) a current list of the full name and last known business or home address of each Member;

(ii) information regarding the amount of cash and a description and statement of the agreed value of any other property or services contributed to the Company by each Member and which each Member has agreed to contribute in the future, and the date on which each Member became a Member;

(iii) a copy of the Certificate and all amendments thereto;

(iv) a copy of this Agreement and all amendments hereto;

(v) copies of the Company’s federal and state income tax returns and financial statements for the three most recent years; and

(vi) minutes of every meeting of the Members and all written consents obtained from the Manager (as defined in Article 8(a)) and/or the Members for actions taken by the Manager and/or the Members without a meeting.

Such documents shall be available for inspection and copying by any Member or his or her authorized representative(s) during ordinary business hours upon reasonable notice from, and at the expense of, such Member.

### ARTICLE 3. Purposes.

(a) The purposes of the Company are as follows (collectively, the “Business”):

(i) to create a mobile app (to be called “Loosid”) where people who choose to live a life without drugs or alcohol can connect, which mobile app would include activities (user generated), a dating component, as well as trips and events (curated by Loosid) with other like-minded individuals who choose to live a sober life; and

(ii) to engage in any lawful act or activity that is reasonably necessary for, or incidental or related to, the foregoing.

The Company shall not engage in any activities, businesses or ventures other than as specifically authorized in this Article 3(a).

(b) The Company is hereby authorized to do all things and execute such agreements and documents which are necessary and/or desirable and not prohibited by this Agreement or any law, to accomplish the purposes of the Company set forth in Article 3(a).

ACTIVE/121202251.3

5

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

# ARTICLE 4. Members; Resignation.

(a) Zhanna, MJ and Kirill constitute all of the current Members. Except as provided in this Agreement, no other person, corporation, partnership, limited liability company or other entity shall become a Member. The Members shall have the rights, duties and obligations granted to and imposed upon them under the Act, except as and to the extent modified by the terms of this Agreement.

(b) Except as provided in this Agreement, no Member may resign or withdraw from the Company prior to the dissolution of the Company and the winding up of its Business and affairs without the consent of all Members. If a Member attempts to resign or withdraw in violation of this Article 4(b), such act shall, as to the Company and the other Members, be void and of no force or effect. Any such attempted resignation or withdrawal shall not entitle any Member to receive the fair value of his or her LLC Interest (as defined in Article 5(f)) prior to the dissolution of the Company and the winding up of its Business and affairs.

# ARTICLE 5. Capital Contributions; Capital Accounts; LLC Interests.

(a) Each Member agrees to make their respective initial capital contribution (each, an "Initial Contribution") as set forth on Exhibit A attached hereto. Except as set forth in this Agreement, a Member shall not at any time be required to make any contributions to the Company in addition to such Member's Initial Contribution. For purposes of this Agreement, "Capital Contribution" means, with respect to any Member, the sum of (1) the Initial Contribution of such Member plus (2) all additional capital contributions to the Company made by such Member. If the Manager reasonably determines that additional capital is required by the Company for its Business and/or operations, the Manager shall provide the Members with a written notice setting forth a detailed statement of the amount of additional capital required and the projected uses and application thereof. Following receipt of said notice, MJ and Kirill shall each notify Zhanna whether he is willing to contribute his proportionate share of such additional capital based upon his respective LLC Interest (as hereinafter defined), in which event Zhanna shall have the right, but not the obligation, to provide all or any portion of her proportionate share of such additional capital based upon her LLC Interest. In the event either MJ or Kirill does not provide his proportionate share of such additional capital, Zhanna shall have the right, but not the obligation, to provide all or any portion of such additional capital and to establish the terms thereof, including, without limitation, whether to provide such additional capital as a loan or as an additional capital contribution to the Company. Any such amounts provided as a loan (collectively, the "Loans") by Zhanna to the Company shall earn simple interest computed at a rate to be mutually agreeable between Zhanna and the other Members with repayment terms to be determined by the parties, which loan, including principal and interest, must be paid in full prior to the Company's making any distributions to Members pursuant to Article 6, except for Tax Distributions (as defined in Article 6(a)). In the event one or more Member elects to provide his or her proportionate share or more of such additional capital as an additional capital contribution to the Company, and one or more other Members do(es) not provide his or her proportionate share of such additional capital, then the LLC Interest of the Member(s) who provide(s) such additional capital shall be increased, and the LLC Interest of the Member(s) who do(es) not provide such additional capital shall be decreased, based upon their respective Capital Contributions. A schedule of all outstanding Loans shall be set forth in Exhibit A.

ACTIVE/121202251.3

6

DocuSign Envelope ID: BBE2C23C-21D2-4EAE-B41E-B603923B3221

(b) A Member's Capital Contribution shall not bear interest.

(c) No Member shall have the right to withdraw or reduce his or her Capital Contribution or demand or receive the return of such Capital Contribution except as otherwise specifically provided by this Agreement.

(d) A separate capital account (each, a "Capital Account" and collectively, the "Capital Accounts") shall be maintained for each Member. Each Member's Capital Account shall initially be credited with such Member's Initial Contribution, and shall be further credited with (1) the amount of cash and the fair market value of any other property (net of liabilities to which the contributed property is subject) or services contributed to the Company by such Member and (2) the amount of any income and gain allocated to such Member pursuant to Article 7. Each Member's Capital Account shall be charged with and reduced by (X) the amount of cash and the fair market value of any other property (net of liabilities assumed by such Member and liabilities to which such property is subject) paid or distributed to such Member, (Y) such Member's share of losses and deductions allocated to such Member pursuant to Article 7 and (Z) such Member's allocable share of any items of the Company enumerated under Section 705(a)(2)(B) of the Internal Revenue Code of 1986, as amended (the "Code").

(e) The maintenance of the Capital Accounts shall in all cases be as required by the Code and the regulations promulgated thereunder (the "Regulations"), and any inconsistency between the terms of this Agreement and the Code and/or the Regulations shall be resolved in favor of the Code and/or the Regulations.

(f) Each Member's economic and equity interest in the Company (each, an "LLC Interest" and collectively, the "LLC Interests") shall be equal to the proportion of (i) such Member's Capital Contributions to (ii) the sum of the Capital Contributions of all the Members (subject to the adjustment set forth in paragraph (a) above. The initial LLC Interests of the Members are set forth on Exhibit A attached hereto.

# ARTICLE 6. Distributions.

(a) Cash Flow (as defined in Article 6(b)) shall, subject to the provisions of Section 5(a), Article 14 and the Act, be distributed (i) first, to Zhanna, until Zhanna has received distributions of Cash Flow from the Company, other than Tax Distributions, in an aggregate amount equal to her Capital Contributions, and (ii) second, to the Members, in proportion to their respective LLC Interests. Distributions of any portion or all of the Cash Flow shall be made at such times and in such amounts as the Manager shall determine; provided, however, the Company shall make a cash distribution to each Member (each, a "Tax Distribution" and collectively, the "Tax Distributions") by no later than March 15 of each year in an amount equal to (1) the portion of the Company's taxable income for the immediately preceding year allocable to such Member multiplied by (2) the maximum combined U.S. federal and New Jersey state tax rate applicable to individuals (rather than the actual marginal rates applicable to any Member) on ordinary income and income subject to tax at capital gain rates (taking into account the applicable holding period), as the case may be for the applicable income in item (1).

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(b) For purposes of this Agreement, “Cash Flow” means, for any period, the gross cash receipts of the Company from all sources, minus the gross cash expenditures of the Company (excluding expenditures made from previously established reserves) for such period, all as determined in accordance with sound accounting practice, minus such reserves that the Manager may reasonably establish from time to time.

(c) No Member who is entitled to a distribution pursuant to this Agreement shall be entitled to demand such distribution in any form other than cash.

(d) No Member having a negative balance in his or her Capital Account shall be required to contribute funds to the Company in order to restore his or her Capital Account to zero.

#### ARTICLE 7. Allocation of Profits and Losses.

(a) (i) Profits. All net income and gain of the Company shall be allocated among the Members in the following order and priority:

(A) First, to the extent that losses have been allocated pursuant to Article 7(a)(ii)(B) below for any prior year, net income and gain of the Company shall be allocated to the Members until the cumulative net income and gain allocated pursuant to this Article 7(a)(i)(A) for the current and all previous years is equal to the cumulative losses allocated pursuant to Article 7(a)(ii)(B) below for all prior periods (in proportion to the Members’ respective Capital Accounts);

(B) Second, additional net income or gain, if any, to the Members in proportion to their respective LLC Interests.

(ii) Losses. All losses of the Company shall be allocated among the Members in the following order and priority:

(A) First, to the extent that net income or gain has been allocated pursuant to Article 7(a)(i)(B) above for any prior year, losses of the Company shall be allocated to the Members until the cumulative losses allocated pursuant to this Article 7(a)(ii)(A) for the current and all previous years is equal to the cumulative net income or gain allocated pursuant to Article 7(a)(i)(B) above for all prior periods (in proportion to the Members’ respective LLC Interests);

(B) Second, additional losses, if any, to the Members in proportion to their respective Capital Accounts.

(b) Notwithstanding Article 7(a):

(i) (A) If, for any fiscal year of the Company, there is a net decrease in “minimum gain” (as described below), all Members with a negative Capital Account balance at the end of such year will be allocated, before any other allocation is made hereunder, items of Company income and gain for such year (and, if necessary, future years) in the amounts and in the proportions needed to eliminate such negative balances as quickly as possible, and (B) if any Member unexpectedly receives an adjustment, allocation or distribution described in Regulations

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Section 1.704-1(b)(2)(ii)(d) (4), (5) or (6), which causes or increases an Adjusted Deficit Capital Account Balance (as defined in Article 7(b)(iv)), such Member shall be allocated items of income and gain in an amount and manner sufficient to eliminate, to the extent required by the “qualified income offset” provisions set forth in Regulations Section 1.704-1(b)(2)(ii)(d), his or her Adjusted Deficit Capital Account Balance as quickly as possible. The prior sentence is intended to constitute a “minimum gain chargeback” within the meaning of Regulations Section 1.704-2(f) and a “qualified income offset” within the meaning of Regulations Section 1.704-1(b)(2)(ii)(d)(3) and any inconsistency between the terms of this Agreement and the provisions of the Regulations regarding “minimum gain chargeback” and/or “qualified income offset” shall be resolved in favor of the Regulations. For purposes of this Article 7, “minimum gain” shall be computed in the manner provided in Regulations Section 1.704-2(d).

(ii) In the case of any nonrecourse debt of the Company in which a Member bears the economic risk of loss, there shall be an allocation of nonrecourse deductions to a Member or Members in accordance with Regulations Section 1.704-2(i). The determination of whether a Member bears the economic risk of loss with respect to any Company liability shall be governed by Regulations Section 1.752-2(b) through 2(j) (without regard to whether that section applies to such liability). The rules set forth in Regulations Sections 1.752-2(c) and 1.752-4(b) regarding related party loans to the Company shall be applied in determining a Member’s economic risk of loss.

(iii) Losses or deductions (or items thereof) shall be allocated to a Member only to the extent that such allocation does not cause or increase an Adjusted Deficit Capital Account Balance. All losses or deductions (or items thereof) in excess of this limitation shall be allocated to the Members having Capital Account balances which permit such allocations, subject to this Article 7(b)(iii).

(iv) Solely for purposes of Articles 7(b)(i) and 7(b)(iii), a Member’s “Adjusted Deficit Capital Account Balance” shall mean the deficit balance, if any, in such Member’s Capital Account, determined after making the following adjustments to such Member’s Capital Account as initially computed under Article 5: (A) adding (crediting) to such Capital Account such Member’s share of the minimum gain; (B) adding (crediting) to such Capital Account any amount that such Member is treated as having an obligation to restore for purposes of Regulations Section 1.704-1(b)(2)(ii)(d), and (C) subtracting (debiting) from such Capital Account such Member’s share of the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6). The foregoing definition of Adjusted Deficit Capital Account Balance shall be interpreted in a manner consistent with the principles of Regulations Section 1.704-1(b)(2)(ii)(d).

(c) The allocations set forth in Article 7(b) are intended to comply with certain requirements of Regulations Sections 1.704-1(b) and 1.704-2. It is the intent of the Members that, to the extent possible, all allocations pursuant to Article 7(b) shall be offset either with other allocations pursuant to Article 7(b) or with special allocations of other items of Company income, gain, loss, or deduction pursuant to this Article 7(c). Therefore, notwithstanding any other provision of this Article 7 (other than Article 7(b)), the Manager shall make such offsetting special allocations of Company income, gain, loss, or deduction in whatever manner he determines appropriate so that, after such offsetting allocations are made, each Member’s Capital

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Account balance is, to the extent possible, equal to the Capital Account balance such Member would have had if Article 7(b) were not part of the Agreement and all Company items were allocated pursuant to Article 7(a). In exercising his discretion under this Article 7(c), the [Manager] shall take into account future allocations pursuant to Article 7(b) that, although not yet made, are likely to offset other allocations pursuant to Article 7(b) previously made.

(d) In accordance with Code Section 704(c) and the Regulations thereunder, income, gains, losses and deductions with respect to any property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its fair market value. Allocations pursuant to this Article 7(d) are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Member's Capital Account or share of profits, losses, other items or distributions pursuant to any provision of this Agreement. Except as provided in this Article 7(d), the other provisions of this Article 7 shall control the allocations for tax purposes.

# ARTICLE 8. Management.

(a) Unless otherwise expressly provided in this Agreement, the powers of the Company shall be exercised by or under the authority of, and the day-to-day Business and affairs of the Company shall be managed by, a manager (the "Manager"). Subject to Article 8(c), the Manager shall be in charge of, and have responsibility for, and be authorized to perform, all day-to-day operations, affairs and acts of the Company and shall make all day-to-day decisions and determinations on behalf of the Company, unless a specific action or determination requires the approval of the Members under a specific provision of this Agreement or the Act. Each decision and determination made by the Manager, and not otherwise reserved to the Members under this Agreement or the Act, will be binding upon the Members. The Manager shall be appointed, and may be removed at any time, upon the affirmative vote or written consent of Members holding greater than fifty percent (50%) of the LLC Interests, and the initial Manager shall be MJ.

(b) Subject to Article 8(c), the Manager shall have the power to execute and deliver or accept any instrument or agreement in furtherance of the Company's day-to-day Business. Any such instrument or agreement executed and delivered or accepted by the Manager in accordance with the foregoing shall be deemed executed and delivered or accepted on behalf of the Company. The Manager shall prepare an annual budget which shall be subject to the approval of the affirmative vote or written consent of Members holding greater than fifty percent (50%) of the LLC Interests (as approved, the "Budget") and shall otherwise provide the Members with quarterly reports regarding the Company's activities.

(c) Notwithstanding the foregoing provisions of this Article 8, except as otherwise set forth in a Budget, in no event will the Manager cause the Company to take any of the following actions without the affirmative vote or written consent of Members holding greater than fifty percent (50%) of the LLC Interests:

(i) redeem, repurchase or otherwise acquire the LLC Interest of any Member;
(ii) issue an additional LLC Interest and/or admit an additional Member;

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(iii) enter into any merger, reorganization, consolidation, or sale or any similar transaction in which all or substantially all of the assets of the Company are sold;

(iv) distribute Cash Flow;

(v) commence litigation, arbitration or similar proceedings, except when such proceedings are commenced to collect the Company's accounts receivable;

(vi) pay any fee(s) or compensation to any Member, any officer of the Company, the Manager or any affiliate of any of the foregoing;

(vii) select or engage the accountant(s) and/or attorney(s) for the Company;

(viii) designate, or revoke the designation of, any Partnership Representative (as defined in Article 8(e));

(ix) incur any indebtedness for money borrowed, pledge or grant or permit the imposition of any lien, security interest or other encumbrance on or in any assets or guarantee, assume, endorse or otherwise become responsible for the obligations of any person or entity;

(x) make any loan or advance to or capital contribution in any person or entity;

(xi) enter into or effect any transaction or series of related transactions involving the purchase, lease, license, exchange or other acquisition (including by merger, consolidation, acquisition of stock and/or acquisition of assets) of any assets and/or equity interests of any person or entity, other than in the ordinary course of business consistent with past practice;

(xii) enter into or effect any transaction or series of related transactions involving the sale, lease, license, exchange or other disposition (including by merger, consolidation, sale of stock and/or sale of assets) of any assets, other than sales in the ordinary course of business consistent with past practice;

(xiii) make any capital expenditure in excess of $25,000.00;

(xiv) elect or appoint any officer;

(xv) hire or fire any employee, consultant or independent contractor whose annual total compensation may exceed $25,000.00; or

(xvi) enter into any contract or other agreement having a value in excess of $25,000.00 and/or a term in excess of 12 months.

(d) Subject to the limitations of paragraph (c) above, the Manager may, from time to time, delegate to one or more persons such authority and duties as the Manager may deem advisable. In addition, and subject to the limitations of paragraph (c) above, the Manager may assign, in writing, titles to any person, including, without limitation, the titles of President, Vice

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President, Secretary, Assistant Secretary, Treasurer and Assistant Treasurer. Unless the Manager decides otherwise, if the title is one commonly used for officers of a corporation incorporated in the State of Delaware, the assignment of such title shall constitute the delegation to such person of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and/or duties made pursuant to the first sentence of this Article 8(d). The Members may revoke any delegation pursuant to this Article 8(d) at any time.

(e) (i) Pursuant to Section 6223(a) of the Code, the Members hereby designate the Manager as the "partnership representative" (the "Partnership Representative") of the Company. The Partnership Representative may resign at any time by giving written notice to the Members. The resignation of the Partnership Representative shall take effect upon the appointment of a successor Partnership Representative or at such other time as agreed upon by the Members. The designation of Partnership Representative may be revoked with or without cause by written notice from the Members to the then serving Partnership Representative. If there is a vacancy in the position of Partnership Representative, a successor Partnership Representative shall be designated by the Members.

(ii) The Partnership Representative shall have the authority, duties and responsibilities as set forth in Code Sections 6221 through 6241 and the Regulations thereunder (the "Partnership Audit Rules"). Notwithstanding anything to the contrary herein, the Partnership Representative shall not make any election or settlement or take any actions to settle or to litigate any adjustments set forth in a notice of final partnership adjustment under the Partnership Audit Rules without the consent of all the Members.

(iii) In the event that the Company becomes liable for any taxes, interest or penalties under Section 6225 of the Code, (A) each person or entity that was a Member of the Company for the taxable year to which such liability relates shall indemnify, defend and hold harmless the Company for such person's or entity's allocable share of the amount of such tax liability, including any interest and penalties associated therewith, (B) the Company may cause the Members (including any former Member) to whom such liability relates to pay, and each such Member hereby agrees to pay, such amount to the Company, and such amount shall not be treated as a capital contribution to the Company, and (C) without reduction of a Member's (or former Member's) obligations under this Article 8(c)(iii), any amount paid by the Company that is attributable to a Member and that is not paid by such Member pursuant to clause (B) above, shall be treated for purposes of this Agreement as (1) a distribution to such Member for purposes of Article 6, and (2) a reduction to such Member's Capital Account balance.

(iv) The Partnership Representative shall keep the Members informed as to any tax actions, examinations or proceedings relating to the Company. The Partnership Representative is authorized to engage professionals, experts and advisors in connection with his performance of his duties under the Partnership Audit Rules and the Company shall pay or reimburse and be responsible for all reasonable third party costs and expenses incurred by the Partnership Representative in performing his duties.

(v) Each Member and former Member shall cooperate fully with the Partnership Representative with respect to any tax actions, examinations or proceedings relating

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to the Company, including providing the Partnership Representative with any information reasonably requested to comply with and/or make elections under the Partnership Audit Rules.

(vi) The provisions of this Article 8(e) shall survive the dissolution of the Company and/or the withdrawal of any Member and/or the Transfer (as defined in Article 12(a)) of any Member's LLC Interest and shall remain binding on the Members (and former Members) for as long a period of time as is necessary to resolve with any taxing authority any and all matters regarding the U.S. federal, state or local income taxation of the Company and/or the Members (and/or former Members).

(f) The Manager shall exercise his or her business judgment in the management of the Company's Business, operations and affairs. Unless the Manager's, the Partnership Representative's or a Company officer's fraud, gross negligence, willful misconduct or knowing violation of law shall be proved by a nonappealable court order, judgment, decree or decision, the Manager, the Partnership Representative and/or such officer of the Company shall not be liable or obligated to the Members for any mistake of fact or judgment or for the doing of any act or the failure to do any act in conducting the Company's Business, operations or affairs, which may cause or result in any loss or damage to the Company and/or the Members. The Manager, the Partnership Representative and/or an officer of the Company does not, in any way, guarantee the return of a Member's Capital Contribution or a profit for the Members from the Company's operations. The Manager, the Partnership Representative and/or an officer of the Company shall not be responsible to any Member because of a loss of such Member's investment or a loss in the Company's operations, unless the loss shall have been the result of the Manager's, the Partnership Representative's and/or such officer's fraud, gross negligence, willful misconduct or knowing violation of law proved as set forth in this Article 8(f).

(g) The Company, but not the Members individually, shall and does hereby agree to indemnify, defend and hold harmless the Manager, the Partnership Representative and each officer of the Company (each, an "Indemnified Person") from and against all damages, losses, liabilities, claims, suits, costs, penalties, fees and expenses (including legal fees and costs), actions, liens and/or judgments (collectively, "Damages") suffered or incurred by or asserted or assessed against such Indemnified Person by reason of any act performed or omitted by such Indemnified Person for or on behalf of the Company and in furtherance of the Company's interests, including acts done or omitted in good faith based upon the records of the Company or the opinion(s) of professionals employed or engaged by the Company, unless such Indemnified Person has suffered or incurred or caused such Damages by reason of his or her fraud, gross negligence, willful misconduct or knowing violation of law, as proved by a nonappealable court order, judgment, decree or decision.

ARTICLE 9. Activities of Members. Except as otherwise expressly provided in this Agreement, no Member, in such capacity, shall participate in, or interfere in any manner with, or be entitled to any vote regarding, the conduct of the Company's Business, or sign any agreement, instrument or document of any nature on behalf of the Company.

ARTICLE 10. Limitation of Liability. Except as otherwise required by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member, the

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Manager, the Partnership Representative or any officer, employee or agent of the Company shall be obligated for any such debt, obligation or liability of the Company, or for any debt, obligation or liability of any other Member, the Manager, the Partnership Representative or any other officer, employee or agent of the Company, by reason of being a Member or acting as the Manager, the Partnership Representative or an officer, employee or agent of the Company.

# ARTICLE 11. Meetings; Voting.

(a) A meeting of the Members (i) shall be called by the Manager to address any of the actions for which consent or approval by Members is required under Article 8(c) or under any other provision of this Agreement or the Act and (ii) may be called from time to time by any Member.

(b) The person or entity calling such meeting shall provide written notice of the date, time, place and purposes of such meeting, which notice shall be given to all Members upon not less than ten (10) days nor more than sixty (60) days before the date of the meeting; provided, however, fewer than ten (10) days' notice may be provided if the Business of the Company so requires.

(c) Unless otherwise agreed upon by all Members, all meetings shall be held at the Company's principal office.

(d) Actions and decisions that require the approval or consent of the Members or any other matters to be determined by the Members pursuant to any provision of this Agreement or the Act may be authorized, determined or approved by the affirmative vote or written consent of Members owning in the aggregate greater than fifty percent (50%) of the LLC Interests, unless a greater percentage or number is expressly required by the provisions of this Agreement or the Act.

(e) Members owning in the aggregate greater than fifty percent (50%) of the LLC Interests present in person or by written proxy shall constitute a quorum, except in the event of any matter requiring a different vote or consent threshold under an express provision of this Agreement or the Act. The vote of the Members owning in the aggregate greater than fifty percent (50%) of the LLC Interests shall decide any question brought before the meeting, unless the question is one upon which, under an express provision of this Agreement or the Act, a different vote is required, in which case such express provision shall govern and control the decision of such question.

(f) Any action required or permitted to be taken by the Members at a meeting may be taken without a meeting, without prior notice and without a vote, if a written consent setting forth the action proposed to be taken is signed by Members holding, in the aggregate, not less than the minimum amount of LLC Interests or votes that would be necessary to authorize, approve or take such action at a meeting at which all of the Members entitled to vote thereon were present and voted. A copy of any such written consent of the Members shall be promptly delivered by such authorizing Members to the Manager and each of the other Members following its execution, and a copy shall also be filed with the minutes of the Company.

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(g) A Member entitled to vote at a meeting of the Members or to express consent without a meeting may authorize a person or persons to act for him or her by proxy. Every proxy shall be in writing and executed by the applicable Member or by a duly authorized attorney-in-fact. The proxy shall be filed with the Manager prior to or at the time of the meeting. No proxy shall be valid for more than 11 months after the date of its execution, unless a longer time is expressly provided therein. A proxy may be revoked at will and the grant of a later proxy revokes any earlier proxy. Notwithstanding anything to the contrary contained in this Agreement or a proxy, a proxy shall be revoked upon the occurrence of any event which results in such applicable Member's ceasing to be a Member.

(h) A Member may participate in any meeting of the Members by means of a telephone conference call or any other means of communication by which all Members participating in the meeting are able to hear one another.

# ARTICLE 12. Transfer of an LLC Interest.

(a) Except as set forth in Article 12(b), Article 12(c) or Article 12(e), a Member may not, directly or indirectly, sell, assign, transfer, make a gift of or otherwise dispose of, or pledge, hypothecate or otherwise encumber (such events, collectively or individually, a "Transfer"), his or her LLC Interest or any portion thereof in any manner whatsoever, without the prior written consent or approval of all other Members and any act in violation of this Article 12(a) shall be null and void as against the Company and the other Members. Notwithstanding anything to the contrary contained in this Agreement, any Transfer made under this Article 12 shall only be permitted on the conditions that the Transfer does not result in any violation of applicable securities laws and that the transferee has accepted, assumed and agreed to be subject to and bound by all of the terms and conditions of this Agreement.

# (b) Right of First Refusal.

(i) Except for a Permitted Transfer (as defined in Article 12(e)) or a Transfer approved under Article 12(a), if any Member (each, a "Selling Member") desires to sell any of his or her LLC Interest to any person(s) or entity or entities (collectively, the "Proposed Purchaser"), the Selling Member shall first send a written notice to the other Members and the Company (a "Sale Notice") setting forth the price to be paid by the Proposed Purchaser and the material terms of the proposed sale. The Sale Notice will constitute an offer (the "ROFR Offer") from the Selling Member to sell to the other Members (in such capacity, each, a "ROFR Offeree" and collectively, the "ROFR Offerees") the LLC Interest of the Selling Member being sold (the "ROFR Offered LLC Interest") at the same price and upon the same terms and conditions, as set forth in the Sale Notice.

(ii) Each ROFR Offeree that desires to purchase all, but not less than all, of the ROFR Offered LLC Interest, shall communicate in writing his or her election to purchase to the Selling Member, which shall be given to the Selling Member within fifteen (15) days of the date the ROFR Offer was made (a "ROFR Acceptance"). Such ROFR Acceptance shall, when taken in conjunction with the ROFR Offer, be deemed to constitute a valid, legally binding and enforceable agreement for the sale by the Selling Member and the purchase by such ROFR Offeree of the ROFR Offered LLC Interest. Each Member that does not deliver a ROFR

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Acceptance shall be deemed to have waived all of such Member's rights to purchase the ROFR Offered LLC Interest. Unless otherwise agreed to by the Selling Member and the purchasing Members, the closing of the Transfer of the ROFR Offered LLC Interest pursuant to this Article 12(b) shall occur at the offices of the Company on the forty-fifth (45th) day following the date the ROFR Offer was made (or if such forty-fifth (45th) day is not a business day, then on the next succeeding business day).

(iii) If the ROFR Offerees do not purchase all of the ROFR Offered LLC Interest, the Selling Member shall have the right to Transfer to the Proposed Purchaser all of the ROFR Offered LLC Interest for a period of thirty (30) days commencing upon the date of the expiration of the rights of the ROFR Offerees pursuant to this Article 12(b). The Transfer of the ROFR Offered LLC Interest to the Proposed Purchaser shall be at not less than the price and upon other terms and conditions, if any, not more favorable to the Proposed Purchaser than those specified in the Sale Notice. If at the end of such thirty (30) day period the Selling Member has not completed such sale, the Selling Member may not then effect a sale of the ROFR Offered LLC Interest without again fully complying with the provisions of this Article 12(b).

(c) Drag-along Sale.

(i) If at any time, a Member (or two or more Members) owning in the aggregate greater than fifty percent (50%) of the LLC Interests (collectively, the "Dragging Member"), proposes to sell all of his or her LLC Interests to a Proposed Purchaser in a transaction in which the Proposed Purchaser proposes to purchase all of the outstanding LLC Interests (a "Drag-along Sale"), the Dragging Member shall have the right to require that each other Member (each, a "Drag-along Member") participate in such Drag-along Sale in the manner set forth in this Article 12(c). The Dragging Member shall exercise his or her rights pursuant to this Article 12(c) by providing a written notice to each Drag-along Member setting forth the price to be paid by the Proposed Purchaser and the material terms of the Drag-along Sale.

(ii) Each Drag-along Member shall be required to sell all of his or her LLC Interest in connection with such Drag-along Sale upon the corresponding terms and conditions, including price (per LLC Interest), as the Dragging Member.

(iii) Each Drag-along Member shall make or provide the same representations, warranties, covenants, indemnities and agreements as the Dragging Member makes or provides in connection with the Drag-along Sale (except that in the case of representations, warranties, covenants, indemnities and agreements pertaining specifically to the Dragging Member, the Drag-along Member shall make the comparable representations, warranties, covenants, indemnities and agreements pertaining specifically to such Drag-along Member); provided, that all representations, warranties, covenants and indemnities shall be made by the Dragging Member and each Drag-along Member severally and not jointly and any indemnification obligation of a Drag-along Member in respect of breaches of or inaccuracies in representations or warranties that do not relate to such Drag-along Member shall be in an amount not to exceed the aggregate proceeds received by such Drag-along Member in connection with such Drag-along Sale consummated pursuant to this Article 12(c).

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(iv) The fees and expenses of the Dragging Member incurred in connection with a Drag-along Sale under this Article 12(c), to the extent not paid or reimbursed by the Company or the Proposed Purchaser, shall be shared by the Dragging Member and each Drag-along Member on a pro rata basis, based on the consideration received by each; provided, that no Member shall be obligated to make any out-of-pocket expenditure prior to the consummation of the Drag-along Sale pursuant to this Article 12(c).

(v) Each Drag-along Member shall take all actions as may be reasonably necessary to consummate the Drag-along Sale, including, without limitation, entering into agreements and delivering certificates and instruments, in each case, consistent with the agreements being entered into and the certificates and instruments being delivered by the Dragging Member.

(vi) If any Drag-along Member fails or refuses to sell or Transfer his or her LLC Interest in contravention of this Article 12(c), then such Member hereby irrevocably constitutes and appoints the Dragging Member as his or her true and lawful attorney-in-fact, in his or her name, place and stead, to make or provide on behalf of such Member the representations, warranties, covenants, indemnities and agreements described in Article 12(c)(iii) above and to make, execute on behalf of such Member, consent to, swear to, acknowledge, deliver, record and file such agreements, certificates, instruments and other documents reasonably necessary, appropriate or desirable, in the sole and absolute discretion of the Dragging Member, to consummate the Drag-along Sale, such power of attorney being irrevocable and coupled with an interest.

(d) In the event that a Transfer is consummated in accordance with Article 12(a), Article 12(b) or Article 12(c) above, such transferee shall be deemed admitted to the Company as a substitute Member as to the transferred LLC Interest at the time that such transferee becomes a party to this Agreement (pursuant to a joinder agreement or otherwise) and such other agreements as the Manager may reasonably request to evidence the assumption by such substitute Member of the transferor Member's obligations hereunder as to the transferred LLC Interest, as well as provides any other documents, instruments and/or items required by this Agreement. The transferor Member shall cease to be a Member as to the transferred LLC Interest immediately following the admission of the transferee as a substitute Member as to such LLC Interest.

(e) Permitted Transfer. Any Member shall have the right to voluntarily Transfer all or any part of his or her LLC Interest, with written notice to the Manager, to (i) the Member's spouse, children, and/or grandchildren; (ii) any trust created for the benefit of any combination of the transferring Member and/or such Member's spouse, children, and/or grandchildren; and/or (iii) any entity wholly owned and controlled by any combination of the transferring Member and/or such Member's spouse, children, and/or grandchildren. Any Transfer described in the preceding sentence (a 'Permitted Transfer') shall be permitted so long as the transferring Member agrees to remain liable for the performance of all of his or her obligations under this Agreement as well as any other agreement(s) with the Company and/or any of its affiliates, including without limitation, all requirements and obligations pursuant to this Article 12 as if the transferring Member were still the owner of such transferred LLC Interest. In addition, a Permitted Transfer shall only be permitted if the transferee has accepted, assumed and agreed to

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be subject to and bound by all of the terms, conditions and restrictions contained in, and the obligations of the transferring Member pursuant to, this Agreement, including without limitation, with respect to the transferred LLC Interest all requirements and obligations pursuant to this Article 12.

# ARTICLE 13. Restrictive Covenant.

(a) Non-Competition. While a Member of the Company and for a period of 12 months thereafter, each Member covenants not to, and not to permit any of his affiliates to, directly or indirectly, without the prior written approval of the Company, (i) engage or assist others in engaging in any business whose products or services are similar to or competitive with those of the Company (any such business, a "Competitive Business"); or (ii) have an interest in any person or entity that engages directly or indirectly in a Competitive Business in any capacity, including as a partner, shareholder, member, officer, manager, director, employee, principal, agent, trustee, consultant or otherwise.

(b) Confidentiality. Each Member hereby acknowledges and confirms that he or she may have access to certain confidential and/or proprietary information of the Company ("Confidential Information"), which is a valuable and unique asset of the Company's Business. Confidential Information includes, but is not limited to the following, in whatever form: information or data concerning or relating to the Business and/or financial affairs of the Company, business methods of the Company and/or any of the trade and/or business secrets of the Company, including, but not limited to, operating procedures and processes, know how, financial information, computer programs and software, source code, object code, customer or client lists and/or data, sales techniques, market research, marketing strategies, inventions, technical drawings and/or any other Business related information, whether or not any of the foregoing is patentable or copyrightable. Each Member hereby covenants and agrees that, at all times, both while a Member and thereafter he or she (a) will not disclose, disseminate, distribute, share, divulge or use any part of the Confidential Information except to fulfill his or her duties to the Company and in furtherance of the Business of the Company, and (b) will take all reasonable precautions to safeguard the confidential nature of the Confidential Information and prevent inadvertent disclosure thereof; provided that such restrictions shall not apply as to a Member to Confidential Information that (i) was or becomes generally available to and known by the public through no fault of such Member, (ii) was previously in such Member's possession as demonstrated by such Member's written records, or (iii) was or becomes available to such Member on a non-confidential basis, and not in violation of any legal, fiduciary or contractual duty, from a source other than the Company or its affiliates or representatives. Notwithstanding the foregoing, each Member shall be permitted to disclose Confidential Information as may be required by subpoena, governmental order or other legal requirement, provided that, to the extent permitted by law, such Member first promptly notifies the Company of such subpoena, governmental order or other legal requirement in order for the Company to have the opportunity to seek a protective order or other appropriate remedy prior to disclosure.

(c) Remedies. Each Member acknowledges that a breach or threatened breach of this Article 13 would give rise to irreparable harm to the Company, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by such Member of any such obligations, the Company shall, in addition to any and all

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other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond), and to an equitable accounting of all earnings, profits and other benefits arising, directly or indirectly, from such violation, which rights shall be cumulative and in addition to (rather than instead of) any other rights or remedies to which the Company may be entitled at law or in equity.

(d) Reasonable Restrictions. Each Member acknowledges that the restrictions contained in this Article 13 are reasonable and necessary to protect the legitimate interests of the Company. Each Member further acknowledges that the restrictions contained in this Article 13 will not prevent him or her from earning a livelihood during the applicable period of restriction. In the event that any covenant contained in this Article 13 should ever be adjudicated to exceed the time, geographic, product or service, or other limitations permitted by applicable law in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or service, or other limitations permitted by applicable law. The covenants contained in this Article 13 and the provisions of this Article 13 are severable and distinct covenants and provisions. The invalidity or unenforceability of any such covenant or provision as written shall not invalidate or render unenforceable the remaining covenants and provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or provision in any other jurisdiction.

# ARTICLE 14. Dissolution and Liquidation.

(a) The Company shall be dissolved and its assets liquidated pursuant to Article 14(b) upon:

(i) the consent or approval of all the Members;
(ii) the entry of a court order or judgment of dissolution; or

(iii) any event that makes it impossible or unlawful to carry on the Business of the Company.

(b) In the event of a dissolution of the Company in accordance with Article 14(a), the Manager shall immediately commence to wind up the Company's affairs and shall liquidate the assets of the Company as promptly as possible, but in an orderly and businesslike manner, unless the Manager determines that an immediate sale of all or part of the Company assets would cause undue loss to the Members, in which event (1) the liquidation may be deferred for a reasonable period of time, not to exceed one (1) year, except as to those assets necessary to satisfy the Company debts and/or (2) all or part of the Company assets may be distributed in kind, subject to the provisions of, and in the same manner as cash under, this Article. Any proceeds from the liquidation shall be applied and distributed in the following order of priority:

(i) to the payment of the debts and liabilities of the Company (other than debts or liabilities owing to a Member) and the expenses of liquidation;

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(ii) to the setting up of any reserves determined by the Manager to be necessary for any contingent or unforeseen liabilities or obligations of the Company, to be held for the purpose of disbursing (under the direction of the Manager) such reserves in payment of any of the aforementioned liabilities or obligations and, at the expiration of a reasonable period (not to exceed two years) as the Manager shall determine, for distribution in the manner hereinafter provided;

(iii) to the repayment of any loans that may have been made by any of the Members to the Company and which have not been repaid or returned, but if the amount available for such repayment shall be insufficient, then pro rata in accordance with the amounts of such loans;

(iv) to the Members, amounts equal to the positive balances in their respective Capital Accounts until the Capital Accounts of all Members equal zero, but if the amount available to be distributed is insufficient to reduce the Capital Accounts of all Members to zero, then pro rata in accordance with the positive Capital Account of each Member; and

(v) to the Members in proportion to their respective LLC Interests.

(c) If the Company assets are not sold, but instead are distributed in kind, such assets, for purposes of determining the amounts to be distributed, shall be revalued on the Company's books to reflect their then current fair market values and distributed based upon such values as set forth above in this Article 14 in a similar manner to a cash distribution.

(d) Upon the Manager's compliance with the distribution plan set forth in this Article 14, the Manager shall execute and cause to be filed a Certificate of Cancellation for the Company, whereupon all parties hereto shall cease to be Members of the Company.

ARTICLE 15. Books, Records and Reports. The Manager shall select the accountant(s) for the Company. The Company shall keep proper and complete books of account in accordance with sound accounting practice at all times, which books and records shall be maintained at the principal office of the Company and shall be available for inspection and copying by the Members and/or their representatives in accordance with Article 2(d). Each year, the Company shall provide to each Member by March 31st copies of the Company's financial statements and tax returns for the prior year, Form K-1 or such other form necessary for filing with such Member's income tax returns, and a statement showing the distributions made to such Member pursuant to Article 6 and the amounts allocated to such Member pursuant to Article 7 during or in respect of such prior year and the amount thereof reportable for state and federal income tax purposes. Accountants' fees incurred by the Company for accounting services necessary to comply with the terms of this Article 15 are deemed to be a Company expense.

ARTICLE 16. Fiscal Year. The fiscal year of the Company shall end on December 31st of each year.

ARTICLE 17. Taxes Withheld or Paid on Behalf of a Member.

(a) In the event that under the Code or any other federal, state, local or foreign law, rule or regulation which is currently in effect or which may be promulgated hereafter

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("Applicable Tax Law"), the Company is required to deduct and withhold any amount from an actual distribution to a Member, the amount so deducted and withheld from such distribution shall, for all purposes of this Agreement, be treated as a distribution to such Member, of the same type as the distribution giving rise to the obligation.

(b) In the event that an Applicable Tax Law requires the Company (or any third party acting on behalf of or with respect to the Company) to pay any amount on behalf of or with respect to a Member, then the payment of any such amount shall be considered a loan by the Company to such Member.

ARTICLE 18. Works Made for Hire. The Manager shall not, on behalf of the Company, hire, employ, engage or contract with any person or entity in connection with the creation of any work product or development for the Business of the Company unless such person or entity enters into a written contract or other written agreement with the Company pursuant to which, (i) such person or entity acknowledges that all original works of authorship which are made by such person or entity (solely or jointly with others) are within the scope of such person's or entity's employment with or engagement by the Company and which are protectable by copyright are "works made for hire," pursuant to the Copyright Act of 1976, as amended, and (ii) such person or entity assigns and/or agrees to assign in the future to the Company ownership of all right, title and interest in and to any and all work product, including all intellectual property rights contained therein, made or created by such person or entity during the course and within the scope of his, her or its employment with or engagement by the Company that is not otherwise a "work made for hire" as described above.

ARTICLE 19. Modifications. No modification or amendment of this Agreement shall be valid or effective unless in writing and signed by all Members.

ARTICLE 20. Notices. Any notice or other communication provided for, permitted or required by this Agreement shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier; (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid, in each case properly addressed to the Member to whom such notice is intended to be given at the address for such Member set forth on Exhibit A attached hereto or to the Manager and/or the Company at the Company's principal office specified in Article 2 of this Agreement. A Member may change his or her address by notice to the Company and the other Members in accordance with this Article 20 and the Manager and/or the Company may change his or its address by notice to each of the Members in accordance with this Article 20.

ARTICLE 21. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflict of law principles applied in such State.

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ARTICLE 22. Gender and Number. As used herein, each of the masculine, feminine or neuter genders shall include the other genders, the singular shall include the plural and the plural shall include the singular, whenever appropriate to the context.

ARTICLE 23. Headings. The article, section and other headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

ARTICLE 24. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, pdf, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

ARTICLE 25. Further Actions. Each Member agrees to perform all further acts and to execute, acknowledge and deliver any documents which may be reasonably necessary, appropriate or desirable to carry out the provisions of this Agreement.

ARTICLE 26. Waiver. No waiver by any Member of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the Member so waiving. No waiver by any Member shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

ARTICLE 27. Binding Effect. Subject to the restrictions on transferability contained in this Agreement, this Agreement and all of its provisions shall be binding on and inure to the benefit of the Members and their respective heirs, legal representatives, successors and permitted assigns.

ARTICLE 28. Entire Agreement. This Agreement constitutes the entire understanding and agreement of the parties, and supersedes the Members' prior Memorandum of Understanding and all other understandings and agreements among them, with respect to the subject matter hereof.

ARTICLE 29. Waiver of Right of Partition. Each Member does hereby agree to waive, and does hereby waive, any right such Member may otherwise have to cause any of the Company's assets to be partitioned among the Members or to file any complaint or to institute any proceeding at law or in equity seeking to have any such assets partitioned.

ARTICLE 30. Severability. If any term or provision of this Agreement shall be determined invalid or unenforceable to any extent or in any application, then the remainder of this Agreement shall not be affected thereby, and such term or provision shall be deemed modified to the minimum extent necessary to make it consistent with applicable law, and each and every term and provision of this Agreement, including such term(s) and/or provision(s) so

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modified, shall be enforced to the fullest extent and in the broadest application permitted by applicable law.

ARTICLE 31. Legal Counsel; Construction. Each Member acknowledges that this Agreement has been prepared by the law firm of Chiesa Shahinian & Giantomasi PC on behalf of Zhanna and each further acknowledges that he or she has been advised of his or her right to obtain independent counsel and has had the opportunity to consult with independent counsel. Each Member has independently reviewed and evaluated all of the terms and conditions of this Agreement and each (other than Zhanna) represents that he or she has entered into this Agreement based upon his or her independent judgment, knowledge and expertise, and has not relied upon the advice or opinion of Chiesa Shahinian & Giantomasi PC. This Agreement has been executed voluntarily, recognizing the fact that each party’s interest herein is or may be adverse to each other party’s interest. Notwithstanding the foregoing, each party has independently determined that it is in his or her best interest to execute this Agreement. Accordingly, the normal rule of construction to the effect that any ambiguities or inconsistencies are to be resolved against the drafting party shall not be employed in the interpretation and/or construction of this Agreement and/or any exhibits hereto. Additionally, each party hereto further acknowledges that Chiesa Shahinian & Giantomasi PC has been retained, and may be retained in the future, as legal counsel by Zhanna in connection with this Agreement and may be retained by Zhanna and/or the Company on other matters unrelated to this Agreement, and each party hereto hereby waives any conflict of interest which may arise from such current or future representation.

[Remainder of Page Intentionally Blank]

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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the day and year first set forth above.

DocuSigned by:  
ZHANNA BASINA  
ZHANNA BASINA

DocuSigned by:  
MJ GOTTLIEB

DocuSigned by:  
KIRILL BASIN

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# **EXHIBIT A**

Current LLC Interests as of February ___, 2023

| Member Name and Address | Initial Contribution | LLC Interest |
| --- | --- | --- |
| Zhanna Basina 954 Colonial Road Franklin Lakes, NJ 07417 | $3,226,180 | 60.00% |
| MJ Gottlieb [Address] | All technical knowledge, intellectual property and other know-how relating to the Business created or generated by MJ. | 30.00% |
| Kirill Basin [Address] | All technical knowledge, intellectual property and other know-how relating to the Business created or generated by Kirill and a $100,000 investment. | 10.00% |

Currently Outstanding Loans as of February ___, 2023

| Member Name | Loan Amount | Date of Loan |
| --- | --- | --- |
| MJ Gottlieb | $5,000 | April 8, 2019 |
| MJ Gottlieb | $299,000 | May 26, 2020 |
| Zhanna Basina | $108,552 | June 23, 2020 |
| Zhanna Basina | $87,468 | July 24, 2020 |
| Zhanna Basina | $117,992 | August 24, 2020 |
| Zhanna Basina | $81,179 | September 23, 2020 |

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| Member Name | Loan Amount | Date of Loan |
| --- | --- | --- |
| Zhanna Basina | $75,616 | October 23, 2020 |
| Zhanna Basina | $74,358 | November 23, 2020 |
| Zhanna Basina | $46,978 | December 24, 2020 |
| Zhanna Basina | $47,888 | January 24, 2021 |
| Zhanna Basina | $51,453 | February 21, 2021 |
| Zhanna Basina | $64,012 | March 24, 2021 |
| Zhanna Basina | $55,866 | April 23, 2021 |
| Zhanna Basina | $70,932 | May 24, 2021 |
| Zhanna Basina | $59,067 | June 23, 2021 |
| MJ Gottlieb | $100,000 | July 20, 2021 |
| Zhanna Basina | $5,056 | August 23, 2021 |
| Zhanna Basina | $48,469 | October 24, 2021 |
| MJ Gottlieb | $11,000 | November 4, 2021 |
| MJ Gottlieb | $1,000 | November 12, 2021 |
| Zhanna Basina | $38,385 | November 23, 2021 |
| MJ Gottlieb | $57,000 | December 2, 2021 |

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| Member Name | Loan Amount | Date of Loan |
| --- | --- | --- |
| MJ Gottlieb | $100 | December 29, 2021 |
| MJ Gottlieb | $57,000 | January 10, 2022 |
| Zhanna Basina | $6,505 | January 24, 2022 |
| MJ Gottlieb | $900 | January 25, 2022 |
| Zhanna Basina | $56,067 | February 21, 2022 |
| Zhanna Basina | $63,566 | March 24, 2022 |
| MJ Gottlieb | $2,304 | April 4, 2022 |
| Zhanna Basina | $73,804 | April 22, 2022 |
| Zhanna Basina | $70,903 | May 24, 2022 |
| Zhanna Basina | $62,655 | June 23, 2022 |
| MJ Gottlieb | $1,673 | July 12, 2022 |
| Zhanna Basina | $61,920 | July 24, 2022 |
| MJ Gottlieb | $10,000 | July 29, 2022 |
| Zhanna Basina | $69,539 | August 24, 2022 |
| MJ Gottlieb | $15,000 | September 16, 2022 |
| Zhanna Basina | $32,255 | September 23, 2022 |

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| Member Name | Loan Amount | Date of Loan |
| --- | --- | --- |
| Zhanna Basina | $30,212 | October 24, 2022 |
| Zhanna Basina | $26,596 | November 23, 2022 |
| MJ Gottlieb | $12,700 | December 16, 2022 |

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

## Can you vouch for John Doe?

John has applied to raise funding for Company Name on Wefunder and provided your name as a personal reference.

Quote goes here

Wefunder has raised hundreds of millions for startups that later went on to raise over $5 billion in follow-on funding from venture capitalists.

Can you vouch for John?

VOUCH FOR JOHN

LEARN MORE

### About Wefunder

We help anyone invest as little as $100 in the startups they believe in. We're also a Public Benefit Corporation with a mission to keep the American dream alive. We aim to help 20,000 founders get off the ground by 2029.

Unsubscribe | About | Education

Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Reg Crowdfunding offerings are made. Wefunder, Inc. operates sections of wefunder.com where some Reg A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.

Company Name is testing the waters to evaluate investor interest. No money or other consideration is being solicited; if sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and, then, only through Wefunder. Any indication of interest has no obligation or commitment of any kind.

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Loosid App, LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** DE

**Date of Organization:** 03-14-2018

**Physical Address:** 17901 Collins Ave, Sunny Isles, FL, 33160

**Issuer Website:** https://loosidapp.com/

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

**Intermediary Name:** Wefunder Portal LLC

**Intermediary CIK:** 0001670254

**Intermediary File Number:** 007-00033

**Intermediary CRD Number:** 283503

### Offering Information

**Compensation to Intermediary:** 6.5% 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 unit as described under Item 13.

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

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

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

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

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

### Annual Report Disclosure Requirements

**Current Number of Employees:** 6

**Total Assets (Most Recent Fiscal Year):** $53.00

**Total Assets (Prior Fiscal Year):** $221,298.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $53.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $221,298.00

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

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

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

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

**Long-Term Debt (Most Recent Fiscal Year):** $1,721,599.00

**Long-Term Debt (Prior Fiscal Year):** $1,067,228.00

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

**Revenues/Sales (Prior Fiscal Year):** $145.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $115,861.00

**Cost of Goods Sold (Prior Fiscal Year):** $506,493.00

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

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

**Net Income (Most Recent Fiscal Year):** $-875,616.00

**Net Income (Prior Fiscal Year):** $-1,454,937.00

**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:** Loosid App, LLC

**Signature:** Mj Gottlieb

**Title:** Co-Founder & CEO

---

**Signature:** Zhanna Basina

**Title:** Co-Founder

**Date:** 02-22-2023

---

**Signature:** Mj Gottlieb

**Title:** Co-Founder & CEO

**Date:** 02-21-2023