# EDGAR Filing Document

**Accession Number:** 0001941445
**File Stem:** 0001670254-23-000141
**Filing Date:** 2023-2
**Character Count:** 230762
**Document Hash:** e72b3d60126df09bfe2ec2c823ad5d8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000141.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001670254-23-000141

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pro Cloud SaaS, LLC
- **CENTRAL INDEX KEY:** 0001941445
- **IRS NUMBER:** 872018706

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31833
- **FILM NUMBER:** 23644654

**BUSINESS ADDRESS:**
- **STREET 1:** 17105 E WILDCAT DRIVE
- **CITY:** RIO VERDE
- **STATE:** AZ
- **ZIP:** 85263
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 17105 E WILDCAT DRIVE
- **CITY:** RIO VERDE
- **STATE:** AZ
- **ZIP:** 85263

## Ex-99

### Attached PDF Documents

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

# Form C

## Cover Page

Name of issuer:

ProCloudSaaS, LLC

Legal status of issuer:

Form: Limited Liability Company

Jurisdiction of Incorporation/Organization: AZ

Date of organization: 5/19/2021

Physical address of issuer:

17105 E Wildcat drive

Rio Verde AZ 85063

Website of issuer:

http://www.procloudsaas.com

Name of intermediary through which the offering will be conducted:

Weifunder Portal LLC

CIR number of intermediary:

0001670254

SEC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

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

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.

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:

Convertible Note

Target number of securities to be offered:

50,000

Price:

$1.00000

Method for determining price:

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

Target offering amount:

$50,000.00

Oversubscriptions accepted:

☑ Yes

☐ No

If yes, disclose how oversubscriptions will be allocated:

☐ Pro-rata basis

☐ First-come, first-served basis

☑ Other

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

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

$500,000.00

Deadline to reach the target offering amount:

4/30/2023

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

Current number of employees:

12

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $5,201.00 | $0.00 |
| Cash & Cash Equivalents: | $3,201.00 | $0.00 |
| Accounts Receivable: | $2,000.00 | $0.00 |
| Short-term Debt: | $0.00 | $0.00 |
| Long-term Debt: | $0.00 | $0.00 |
| Drawings/Sales: | $78,331.00 | $0.00 |
| Cost of Goods Sold: | $27,157.00 | $0.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | $4,701.00 | $0.00 |

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

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

## Offering Statement

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

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

### THE COMPANY

1. Name of issuer:

ProCloudSaaS, 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 18 or Section 15(a) of the Securities Exchange Act of 1934
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding.
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

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

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

☐ Yes ☑ No

### DIRECTORS OF THE COMPANY

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

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Shane Hannan | Managing Member | ProCloud SaaS | 2021 |

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

### OFFICERS OF THE COMPANY

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

| Officer | Positions Held | Year Joined |
| --- | --- | --- |
| Jake Hannan | Director of APAC | 2021 |
| Shane Hannan | President | 2021 |
| Shane Hannan | CEO | 2021 |
| Brett W Linn | CFO | 2022 |
| RJ Hines | CXO | 2021 |
| David Pittinger | CTO | 2021 |
| Chris Bosque | CRO | 2021 |

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 term officer means a president, vice president, secretary, successor or principal financial officer, competitor or principal accounting officer, and any person that authority 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 |
| --- | --- | --- |
| Have A Go Press, LLC (100% owned by Shane Mowman) | 100000.0 Common Units | 100.0 |

INSTRUCTION INQUIRY: The above information must be provided as of a date that is not more than 120 days prior to the date of filing of this offering statement.

To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to you 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 rights, the conversion of a security, or other arrangement, or of securities are held in a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or control - i.e., for example, a set of assets they should be included as being 'beneficially owned'). You should include an explanation of these circumstances in a fraction to the 'Number of such Losses of Securities Now Held'. To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.

## BUSINESS AND ANTICIPATED BUSINESS PLAN

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

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

INSTRUCTION INQUIRY: Wefender will provide your company's Wefender profile as an appendix (Appendix A) to the Form C to PDF format. The information will include all Q&A items and 'total notes' links to an unmodified format. All values will be transmitted.

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

## RISK FACTORS

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

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

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

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

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

Organizations may stop migrating to the cloud due to a change in outsourcing their infrastructure.

Third party actors could start producing ransomware that targets organizations that attack their technology systems.

The market may shift from a yearly subscription based billing model to a purchase model with an annual maintenance cost.

The potential of a global market crash and organization could stop investments in technology platforms.

We face competition with respect to all of the products we resell. Our competitors are generally established in the market. Many of our competitors have significantly greater financial, technical and human resources and superior expertise in reselling software technology products. These competitors may also in the future compete with us in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early-stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies.

The Saas, Cybersecurity and AI markets are highly competitive. We face competition from software manufacturers, distributors, and resellers. So our competitors have been in business longer, have substantially greater financial and other resources, and may be better established in their markets. We can provide no assurance that our current or potential competitors will not provide products or services at a lower cost or adapt more quickly than we do to evolving industry or market trends. Increased competition may result in price reductions, reduced gross margins, and loss of market share, any of which would materially and adversely affect our business, prospects, financial condition, or results of operations. We cannot assure investors that we will be able to compete effectively against current and future competitors.

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

INSTRUCTION INQUIRY: Avoid prevailed statements and include only those factors that are unique to the issuer. Discussion should be defined as the issuer's business and the offering and should not repeat the factors addressed in the issuer's net book above. See specific number of risk factors as 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 accepts no tax, the net proceeds from the offering in

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 not taxed $50,000

Use of 43.5% to Corporate Staffing, 50% to investments in sales agents, 6.5% to Wefunder fees.

If not taxed $500,000

Use of 43.5% to Corporate Staffing and Sales Operations, 50% to investments in sales agents, 6.5% to Wefunder fees. The more money we are able to raise the faster we can scale our revenue. The larger the raise allows us to hire more sales reps faster.

INSTRUCTION REQUISITION 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 to allocating proceeds among the preferred uses. If the issuer will accept proceeds to 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 one that may apply only in the case of proceeds/options. If you do not do so, you may later be required to amend your Form C. Wefunder is not responsible for any failure by you to describe a potential use of offering proceeds.

## DELIVERY & CANCELLATIONS

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

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

12. How can an investor cancel an investment commitment?

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

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

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

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

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

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

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

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

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

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

## Ownership and Capital Structure

### THE OFFERING

13. Describe the terms of the securities being offered.

Convertible note with $12,600,000.00 valuation cap; 20.000% discount; 6.0% interest.

See exact security attached as Appendix B, Investor Contracts.

Type of Security: Convertible Promissory Notes ("Notes").

Amount to be Offered: The goal of the raise is $50,000.00

Valuation Cap: $12,600,000.00

Discount Rate: 80%

Maturity Date: 24 months from the Effective Date.

Interest Rate: 6.0%. Interest shall commence with the date of the convertible note and shall continue on the outstanding principal amount until paid in full or converted. Interest shall be computed on the basis of a year of 365 days for the actual number of days elapsed. All unpaid interest and principal shall be due and payable upon request of the Majority Holders on or after the Maturity Date.

# Conversion and Repayment

# (a) Conversion Upon Qualified Financing

Conversion upon a Qualified Financing. In the event that the Company issues and sells its shares of equity securities to investors (the "Investors") while this Note remains outstanding in an equity financing with total proceeds to the Company of not less than $1000000 (excluding the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)) (a "Qualified Financing"), then the outstanding principal amount of this Note and any unpaid accrued interest shall automatically convert in whole without any further action by the Holder into Equity Securities sold in the Qualified Financing at a conversion price equal to the lesser of (i) the price paid per unit for Equity Securities by the Investors in the Qualified Financing multiplied by 0.8, and (ii) the quotient resulting from dividing $12,600,000 by the number of outstanding common units of the Company immediately prior to the Qualified Financing (assuming conversion of all securities convertible into common units and exercise of all outstanding options and warrants, but excluding the units of equity securities of the Company issuable upon the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)). The issuance of Equity Securities pursuant to the conversion of this Note shall be upon and subject to the same terms and conditions applicable to Equity Securities sold in the Qualified Financing. Notwithstanding this paragraph, if the conversion price of the Notes as determined pursuant to this paragraph (the "Conversion Price") is less than the price per unit at which Equity Securities are issued in the Qualified Financing, the Company may, solely at its option, elect to convert this Note into units of a newly created series of preferred unit having the identical rights, privileges, preferences and restrictions as Equity Securities issued in the Qualified Financing, and otherwise on the same terms and conditions, other than with respect to (if applicable) (i) the per unit liquidation preference and the conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the per unit dividend, which will be the same percentage of the Conversion Price as applied to determine the per unit dividends of the Investors in the Qualified Financing relative to the purchase price paid by the Investors.

# (b) Conversion upon a Change of Control.

If the Company consummates a Change of Control (as defined in the Convertible Note) while this Note remains outstanding, the Company shall repay the Holder in cash in an amount equal to the outstanding principal amount of this Note plus any unpaid accrued interest on the original principal. For purposes of this Note, a "Change of Control" means (i) a consolidation or merger of the Company with or into any other corporation or other entity or person, or any other corporate reorganization, other than any such consolidation, merger or reorganization in which the units of the Company immediately prior to such consolidation, merger or reorganization continue to represent a majority of the voting power of the surviving entity immediately after such consolidation, merger or reorganization; (ii) any transaction or series of related transactions to which the Company is a party in which in excess of 50% of the Company's voting power is transferred; or (iii) the sale or transfer of all or substantially all of the Company's assets, or the exclusive license of all or substantially all of the Company's material intellectual property; provided that a Change of Control shall not include any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Company or any successor, indebtedness of the Company is cancelled or converted or a combination thereof. The Company shall give the Holder notice of a Change of Control not less than 10 days prior to the anticipated date of consummation of the Change of Control. Any repayment pursuant to this paragraph in connection with a Change of Control shall be subject to any required tax withholdings, and may be made by the Company (or any party to such Change of Control or its agent) following the Change of Control in connection with payment procedures established in connection with such Change of Control.

# (c) Procedure for Conversion. Procedure for Conversion.

In connection with any conversion of this Note into units, the Holder shall surrender this Note to the Company and deliver to the Company any documentation reasonably required by the Company (including, in the case of a Qualified Financing, all financing documents executed by the Investors in connection with such Qualified Financing). The Company shall not be required to issue or deliver the units into which this Note may convert until the Holder has surrendered this Note to the Company and delivered to the Company any such documentation. Upon the conversion of this Note into units pursuant to the terms hereof, in lieu of any fractional units to which the Holder would otherwise be entitled, the Company shall pay the Holder cash equal to

such fraction multiplied by the price at which this Note converts.

(d) Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.

### Senior Indebtedness

The indebtedness evidenced by this Note is subordinated in right of payment to the prior payment in full of any Senior Indebtedness in existence on the date of this Note or hereafter incurred. "Senior Indebtedness" shall mean, unless expressly subordinated to or made on a parity with the amounts due under this Note, all amounts due in connection with (i) indebtedness of the Company to banks or other lending institutions regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions and their affiliates, which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), and (ii) any such indebtedness or any debentures, notes or other evidence of indebtedness issued in exchange for such Senior Indebtedness, or any indebtedness arising from the satisfaction of such Senior Indebtedness by a guarantor.

### 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) sole 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. On 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 term of this Note may be amended or waived with the written consent of the Company and the Holder. In addition, any term of this Note may be amended or waived with the written consent of the Company and the Majority Holders. Upon the effectuation of such waiver or amendment with the consent of the Majority Holders in conformance with this paragraph, such amendment or waiver shall be effective as to, and binding against the holders of, all of the Notes, and the Company shall promptly give written notice thereof to the Holder if the Holder has not previously consented to such amendment or waiver in writing; provided that the failure to give such notice shall not affect the validity of such amendment or waiver.

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. in the issuer;
2. in an accredited investor;
3. as part of an offering registered with the U.S. Securities and Exchange Commission; or

It is a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

NOTE: The term "accredited investor" means any person who comes within any of the categories set forth in Rule 507(a) of Regulation D, or who the seller reasonably believes comes within any of such categories, at the time of the sale of the securities to that person.

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

# DESCRIPTION OF ISSUER'S SECURITIES

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

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Common Units | 100,000 | 100,000 | Yes |

Securities Reserved for
Issuance upon Exercise or Conversion

Warrants:

Options:

Describe any other rights:

If these notes convert, they will convert to Units in the Company.

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 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 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 Convertible Note is determined by the investor, and we do not guarantee that the Convertible Note will be converted into any

particular number of units.

As discussed in Question 13, when we engage in an offering of equity involving Unit, Investors may receive a number of units of Preferred Unit calculated as either the conversion price equal to the lesser of (i)

80% of the price paid per unit for Equity Securities by the Investors in the Qualified Financing

or (ii) the price equal to the quotient of the valuation cap of $52,600,000.00 (the "Valuation Cap") divided by the aggregate number of outstanding units of the Company's unit as of immediately prior to the initial closing of the Qualified Financing (assuming full conversion or exercise of all convertible and exercisable securities then outstanding, but excluding the units of equity securities of the Company issuable upon the conversion of the Notes or any other debt).

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 Unit that Investors will receive, and/or the total value of the Company's capitalization, will be determined by our board of directors. Among the factors we may consider in determining the price of Unit 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

- 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

- 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 unit similar characteristics and that the Company's value will correlate to those characteristics, and/or methodologies that compare transactions in similar securities issued by us that were conducted in the market.

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

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

The marketability and value of the Investor's interest in the Company will depend upon many factors outside the control of the Investor. The Company will be managed by its officers and be governed in accordance with the strategic direction and decision-making of its 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's assets.

The Executive Management of the Company to manage the Company is 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 arms-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:

Convertible Note

Issue date 06/14/23

Amount $255,000.00

Interest rate 6.0% per annum

Discount rate 20.0%

Valuation cap $8,400,000.00

Maturity date 03/30/24

INSTRUCTION INQUIRIES 24. Name the credit, amount issued, interest rate, maturity date, and any other material terms.

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

| Offering Date 8/2021 | Exemption Other | Security Type | Amount Sold $4,500 | Use of Proceeds General operations |
| --- | --- | --- | --- | --- |
| 1/2023 | Section 4(a)(2) | Convertible Note | $255,000 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(8) 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 Shane Hannan

Amount invested $4,500.00

Transaction type Other

Issue date 08/30/21

Relationship Founder

Founder contributions.

In 2021, the Company has loaned $2,000 to founder Shane Hannan. As of December 31, 2021, that is the only loan receivable in the Company's financials. The loan is still outstanding. There is no maturity date.

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

Beneficial ownership for purposes of paragraph (2) shall be determined as of a date that is no more than 120 days prior to the date of filing of this offering agreement and using the same calculation described in Question 5 of this Question and Answer format.

The term "number of the family" includes any child, any child, grandchild, parent, acquaintance, grandparent, spouse or general guardian, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the person, and includes adequate relationships. The term "spread equivalent" means a calculated accepting relationship generally equivalent to that of a spouse.

Compare the amount of a related party's interest to any transaction without regard to the amount of the parties' loss 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?

☑ Yes

☐ No

28. Describe the financial condition of the issuer, including, to the extent material, liquidity,

capital resources and historical results of operations.

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

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

### Overview

Pro Cloud SaaS is a worldwide Technology Services Provider and implementer of the fastest growing SaaS, Cybersecurity, and AI platforms.

We support the sales reps through a multitude of efforts:

1. Sourcing new technology partners. We give them access to software and/or hardware to sell.
2. Sales consultants to assist the reps on technical sales
3. Operational framework - CRM, AR, AR

The reps operate as independent contractors who can start their own business and benefit from the entrepreneurial freedom but have a framework to operate within.

Pro Cloud SaaS business model is proven and now it's a matter of quickly replicating this to take advantage of this rapidly expanding technology segment. With an addressable market of $600,000,000,000, ProCloudSaaS 5-year goal is to capture .0004% of this market, or $150,000,000 in Revenue. Forward-looking projections can't be guaranteed.

### Milestones

Pro Cloud SaaS, LLC was organized in the State of Arizona in May 2021.

Since then, we have:

- 4 Year Projected Revenue over $150 MILLION USD (projections can't be guaranteed)
- Over 60 clients - include Lockheed Martin, the US Navy, the US Department of Energy
- $550 BILLION Dollar Addressable Market growing at 28%-32% CAGR
- World-Class Executive Team who have led OVER 5 exits
- Already Backed by Notable Investors, including ex-Fortune 500 CEO
- Seeking Growth Capital, not startup capital
- Reps run and scale their own business under the ProCloudSaaS umbrella. Work for yourself and do it anywhere!

### Historical Results of Operations

Our company was organized in May 2021 and has limited operations upon which prospective investors may base an evaluation of its performance.

- *Revenues & Gross Margin*. For the period ended December 31, 2021, the Company had revenues of $78,331.
- *Assets*. As of December 31, 2021, the Company had total assets of $5,201, including $3,301 in cash.
- *Net Income*. The Company has had net income of $4,701 for the fiscal year ended December 31, 2021.
- *Liabilities*. The Company's liabilities totaled $0 for the fiscal year ended December 31, 2021.

### Liquidity & Capital Resources

To-date, the company has been financed with $255,000 in convertibles and $4,500 in founder contributions.

ProCloudSaaS, LLC is owned by ProCloudSaaS Holdings, LLC. ProCloudSaaS Holdings, LLC has no operations and provides no services of its own, other than funding ProCloudSaaS LLC.

The founders of ProCloudSaaS, LLC created an AUS entity named ProCloudSaaS in 2020. The AUS entity still exists but is independent from the US entity. The AUS entity is not a predecessor of ProCloudSaaS, LLC.

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

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

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately 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

Pro Cloud SaaS, LLC cash in hand is $211,993.38, as of February 2023. Over the last three months, revenues have averaged $225,000/month, cost of goods sold has averaged $162,000/month, and operational expenses have averaged $37,900/month, for an average net margin of $25,200 per month.

Since the date our financials cover, we have had an increase in revenue and sales partners. This has allowed us to increase our ARR.

We currently have a pipeline worth an estimated $3M in revenue, and have expectations of generating ~20% in profit margins and ~60% of that gross in commissions. All other expenses will be related to software licenses such as Google, and salaries for the executive team.

We are currently a profitable entity. Our ability to grow and gain more revenue and margins is based on the ability to hire more sales partners. We are looking to supply these partners with a temporary ramp, which will not be paid back but have a reduced commission for a time period. After such a time period, the sales partner will have the ability to earn residual income with each contract renewal. This occurs over the lifetime of each renewal.

Outside of funds raised on Wefunder, we will continue to look at other funding opportunities. This could be through financing opportunities or high-net-worth investors who understand our model and culture.

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

INITIATIVE FROM PROPOSITION 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 statements and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether financial results and cash flows are representative of what investors should expect in the future. This may be a result of the offering and any other known or pending sources of capital. Discuss how the proceeds from the offering will affect liquidity, whether receiving these funds and any other additional funds is necessary to the addition of the business, and how quickly the issuer anticipates entry to available cash. Describe the other available sources of capital to the business, such as those of credit or original contributions by shareholders. References to the issuer in this Question 29 and these instructions refer to the issuer and its predecessors if any.

## FINANCIAL INFORMATION

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

Refer to Appendix C, Financial Statements

I, Brett W Linn, certify that:

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

Brett W Linn
CFO

## STAKEHOLDER ELIGIBILITY

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

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

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

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

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

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

- i. at the time of the filing of this offering statement bars the person from:
  - A. association with an entity regulated by such commission, authority, agency or officer? ☐ Yes ☑ No
  - B. engaging in the business of securities, insurance or banking? ☐ Yes ☑ No
  - C. engaging in savings association or credit union activities? ☐ Yes ☑ No
- ii. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement? ☐ Yes ☑ No

(4) Is any such person subject to an order of the Commission entered pursuant to Section 1b(b) or 1b(bc) of the Exchange Act or Section 2001(c) or (f) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:

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

(3) 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:

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

(5) 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

(9) 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 4(a)(b) of the Securities Act, or is any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

☐ Yes ☑ No

If you would have answered "Yes" to any of these questions had the conviction, order, judgment, decree, suspension, expulsion or bar occurred or been issued after May 16, 2016, then you are NOT eligible to rely on this exemption under Section 4(a)(5) of the Securities Act.

INVERSE (1) IN (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40)

No waivers are required to be disclosed with respect to events relating to any affiliated issuer that occurred before the affiliation arose if the affiliated entity is not (1) in control of the issuer or (2) under common control with the issuer by a third party that is or in control of the affiliated entity at the time of such events.

## OTHER MATERIAL INFORMATION

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

- (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, possible that in some limited circumstances the Lead Investor's interests could diverge from the interests of Investors, as discussed in section 8 above.

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

Tax Filings. In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer identification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (i) two (2) years of making their investment or (ii) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherwise payable to the Investor an amount necessary for the SPV to

satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agreement for additional information about tax filings.

INSTRUCTIONS TO QUESTION 10: (i) Information is presented as necessary in a format, media or other means not able to be reflected in text or possible document format, the issuer should include:
(a) a description of the material content of each information;
(b) a description of the format in which such disclosure is presented; and
(c) in the case of disclosure in video, audio or other dynamic media or format, a transcript or description of such disclosure.

## ONGOING REPORTING

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

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

33. Once posted, the annual report may be found on the issuer's website at:
http://www.procloudsaas.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 15(d);
2. the issuer has filed at least one annual report and has fewer than 300 holders of record;
3. the issuer has filed at least three annual reports and has total assets that do not exceed $10 million;
4. the issuer or another party purchases or repurchases all of the securities issued pursuant to Section 4(c)(3), 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
Cooley Go Convertible Note

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Brett W Linn
Chris Bosque
David Pittinger
Jake Hannan
RJ Hines
Shane Hannan

Appendix E: Supporting Documents

Amended_and_Restated_Operating_Agreement_-_Pro_Cloud_SaaS_LLC.pdf
ttw_communications_107159_234447.pdf
ttw_communications_107159_234447.pdf

## Signatures

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

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement

Cooley Go Convertible Note

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Brett W Linn

Chris Bosque

David Pittinger

Jake Hannan

RJ Hines

Shane Hannan

Appendix E: Supporting Documents

Amended_and_Restated_Operating_Agreement_-_Pro_Cloud_SaaS_LLC.pdf
ttw_communications_107159_234447.pdf
ttw_communications_107159_234447.pdf

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

ProCloudSaaS, LLC

By

Brett Linn

CFO - Chicago, Illinois

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

Jake Hannan

Director of APAC
2/17/2023

Shane Hannan

CEO
2/16/2023

Brett Linn

CFO - Chicago, Illinois
2/16/2023

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`

Pro Cloud SaaS

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

# Pro Cloud SaaS

A World-Class Asset in the rapidly growing Cyber, Cloud Computing and SaaS market

SYDNEY • NEW DELHI • DOHA • LUSAKA • LAGOS • BRUSSELS • LONDON • SANTIAGO • ATLANTA • DENVER • PHOENIX • ZAPOPAN

# INVEST IN PROCLOUDSAAS

# Disrupting and Reinventing the Technology Market on a Global Scale!

# LEAD INVESTOR

# Rock Clapper

I've been watching Pro Cloud SaaS expand their business for over a year and have been impressed with their speed of growth and the Chief Executive Officer's ability to management revenue and the sales team through that rapid expansion. If you're interested in investing with me in PCS, I can assure you that after 20 years of investing in Silicon Valley technology companies I have learned to think about how I will exit an investment before actually investing. With PCS, the executive team has explained there are over a dozen strategic acquirers and they just need to onboard smart sales professionals to get to the right level. I did the research and am convinced they're on their way.

Invested $25,000 this round

procloudsaas.com

Rio Verde AZ

B2B

SaaS

# Highlights

1. Over 60 clients - include Lockheed Martin, the US Navy, the US Department of Energy
2. $550 BILLION Dollar Addressable Market growing at 28%-32% CAGR
3. World-Class Executive Team who have led OVER 5 exits
4. Already Backed by Notable Investors, including ex-Fortune 500 CEO
5. Seeking Growth Capital, not startup capital
6. Reps run and scale their own business under the ProCloudSaaS umbrella. Work for yourself and do it anywhere!
7. Listed by Data Magazine as a leading top startup due to our innovation to market, management, and growth!

# Our Team

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

**Shane Hannan** Founder & CEO - Phoenix, Arizona

A visionary, passionate leader and lifelong entrepreneur with a win for all philosophy. Experienced in start-up businesses, brand building, and M&A. Extensive international business network across the globe.

"This highly experienced team is crushing it in the seismic technology shift that is underway. A rapid increase of remote workers has expressed organizations' move to the Cloud. Increased cyber-attacks and compliance have accelerated the adoption of Cybersecurity & AI platforms. Over 400% rev increase 20 vs 21 & 22 YTD already surpassing 21".

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

### **Rj Hines** CXO - Denver, Colorado

With over 25 years of serving in C-level positions from start-ups to multi-billion dollar organizations. Experience in M&A and part of multiple liquidity events. Roles have included COO, CMO, and other Senior VP positions.

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

### **Brett Linn** CFO - Chicago, Illinois

Accounting and finance with a background in budgeting, forecasting, AP/R systems along with analysis of business data. Holds a Bachelor of Science in Business Finance from Millikin University.

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

### **Chris Bosque** CRO - Atlanta, Georgia

Experienced sales leader in compliance, cloud & cyber security. Background in channel management, B2B, enterprise/global accounts - government, healthcare, defense, and finance.

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

### **David Pittinger** CTO - Rockville, Indiana

An established leader with 25 years of experience in nearly all things IT. Excels as a technical leader who can assist pre and post-sales. Has been part of startup culture and an integral cog of a $92.35M liquidation event.

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

### **Robert Jobe** Investor - Dallas, Texas

A 25-year proven track record of managing businesses, M&A, highly experienced revenue producer, sales strategy and talented leader. Developed strategies that target hypergrowth and deliver a great customer experience.

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

### **Jake Hannan** Managing Director - APAC - Sydney, Australia

Experience in the software and technology industry along with two start-up companies. Graduate of Arizona State University in business and marketing.

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

### **John Stuart** Advisor & Investor - West Chester, Pennsylvania

Experience Managing Partner, Board Member and former CEO Fortune 500 Company. Private Equity Operating Partner and Angel Investor.

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

### **Rock Clapper** Advisor - Palo Alto, California

Rock holds a BS in Psychology from Arizona State Univ. a Masters and Doctorate in Applied

Rock holds a BS in Psychology from Arizona State Univ., a Masters and Doctorate in Applied Social Psychology from the Univ. of Houston, as well as an alumnus of Stanford University's Graduate School of Business Executive Education Program.

## Your guide to the Cloud

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

### What does it mean?

Pro Cloud SaaS is simplifying businesses' IT needs. Most companies have a narrow offering constricted by product and company logo. We take a vastly different approach. We partner with the top technology providers in cybersecurity, all things cloud-based (servers, storage, printing), productivity apps (think Google, Microsoft), cloud surveillance and operational software, and that is just scratching the surface.

Our primary mission is to keep you, your employees, your customers and your data safe and secure. We look at how we can strengthen practices and areas of vulnerability, solve workflow issues, and become a true partner on a global scale.

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

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

## Shane Hannan

San Antonio Texas -midway through a solo bicycle ride of 2,789 miles from California to Florida

## How we became who we are...

Shane Hannan, Founder, and CEO of Pro Cloud SaaS has been a lifelong entrepreneur in software and technology. After completing a solo bicycle ride from San Diego California to St Augustine Florida, Shane had the opportunity to move back to Sydney, Australia to take a leadership position with a corporate SaaS-based firm. Realizing a strict corporate culture didn’t fit his “customer first” mentality, he decided to strike out on his own. What emerged was the genesis of a company that focused first on what the customer needed, not force-fitting what the company sold.

Customers want solutions but moreover, they want to work with people they trust. Shane quickly saw a missing piece in the SaaS/Cloud native market that could be filled.

We are not held accountable by a product or company - we are held accountable to our customers.

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

*Forward-looking projections can’t be guaranteed.*

Sources: Hubspot, Global Market Insights, Global News Wire

## What the market offers...

Researching the market opportunity led Shane to the realization that this market has untapped potential.

The last few years have created layers of challenges for firms. How to maintain growth while protecting their data and people. Balancing a “Hybrid” workforce. Some virtual, some in the office.

Despite changing economic conditions, the market will always need software and cloud solutions. ProCloudSaaS is recession-resistant as software is critical to running a business. The number of software licenses may change, but the product solution will always be needed.

We work with our Technology Partners to ensure we provide solutions that fit our client’s needs.

## Our Customers

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

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

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

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

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

Education

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

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

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

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

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

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

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

## What makes the Pro Cloud SaaS model truly unique?

- We believe we are positioned worldwide to provide the best Customer

Experience in the Technology Services space.

- Our reputation has allowed us access to literally thousands of True SaaS/Cloud Native solutions.
- Ability to manage any software implementation and support global reach with local expertise.
- We have developed a true entrepreneurial model, that allows our Sales Partners to essentially run their own business.
- We have created a recurring revenue model for our Sales Partners. Think how a broker or an insurance agent continually can generate income from renewable sales agreements. The Pro Cloud SaaS business model gives these Sales Partners the ability to consistently earn commissions for their efforts, building a renewable and ever-growing source of income.

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

Pro Cloud SaaS

Receives a partner award for these Biggest Overall Deal of the Year 2022

## We fully support our partners in the field with:

- A proven new hire onboarding program.
- Ongoing training and certification.
- Complete marketing, lead generation, technical backup, proposal writing, operational and accounting support.
- Full implementation of each application sale.

- Pre and post Sales technical expertise.
- A wide portfolio of products that will fit any customer’s requirements.
- Sales promotions and incentives.
- We have created a recurring revenue model for our Sales Partners. Think how a broker or an insurance agent continually can generate income from renewable sales agreements. The Pro Cloud SaaS business model gives these Sales Partners the ability to consistently earn commissions for their efforts, building a renewable and ever-growing source of income.

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

## What’s next for Pro Cloud SaaS?

We’ve proven the business model and are now seeking additional funding to expand and scale our global sales and technical support teams.

Pro Cloud SaaS business is generating annual recurring revenue with over 140 transactions in 2 years with some of the world’s biggest organizations.

Our target Sales Partners are highly successful sales professionals and along with our unique culture and global support, they will be attracted by income ramps for a period of time as they build out their own business.

We already have raised over $200,000 toward our initial raise goal of $1,200,000 (only $500k of which is being offered on Wefunder). Your investment in Pro Cloud SaaS will help toward our 36-month plan to onboard 150 Sales Partners generating over $150,000,000 in ARR. This will set up Pro Cloud SaaS for a liquidity event that has already been proven in the software distribution industry. (Forward-looking projections can’t be guaranteed.)

IF YOU'RE OFFERED A SEAT ON A
ROCKET SHIP,
DON'T ASK WHAT SEAT!
JUST GET ON.
SHERYL SANDBERG

ProCloud SaaS

www.procloudsaas.com

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

THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATES IN THE UNITED STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

# CONVERTIBLE PROMISSORY NOTE

Note Series: _______________
Date of Note: [EFFECTIVE DATE]
Principle Amount of Note: [INVESTMENT AMOUNT]

For value received ProCloudSaaS, LLC, a limited liability company (the "Company"), promises to pay to the undersigned holder or such party's assigns (the "Holder") the principal amount set forth above with simple interest on the outstanding principal amount at the rate of 6.0% per annum. Interest shall commence with the date hereof and shall continue on the outstanding principal amount until paid in full or converted. Interest shall be computed on the basis of a year of 365 days for the actual number of days elapsed. All unpaid interest and principal shall be due and payable upon request of the Majority Holders on or after Apr 17th, 2024 (the "Maturity Date").

# 1. BASIC TERMS.

a. Series of Notes. This convertible promissory note (the "Note") is issued as part of a series of notes designated by the Note Series above (collectively, the "Notes") and issued in a series of multiple closings to certain persons and entities (collectively, the "Holders"). The Company shall maintain a ledger of all Holders.
b. Payments. All payments of interest and principal shall be in lawful money of the United States of America and shall be made pro rata among all Holders. All payments shall be applied first to accrued interest, and thereafter to principal.
c. Prepayment. The Company may not prepay this Note prior to the Maturity Date without the consent of the Holders of a majority of the outstanding principal amount of the Notes (the "Majority Holders").

# 2. CONVERSION AND REPAYMENT.

a. Conversion upon a Qualified Financing. In the event that the Company issues and sells units of its equity securities ("Equity Securities") to investors (the "Investors") while this Note remains outstanding in an equity financing with total proceeds to the Company of not less than $1000000 (excluding the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)) (a "Qualified Financing"), then the outstanding principal amount of this Note and any unpaid accrued interest shall automatically convert in whole without any further action by the Holder into Equity Securities sold in the Qualified Financing at a conversion price equal to the lesser of (i) the price paid per unit for Equity Securities by the Investors in the Qualified Financing multiplied by 0.8, and (ii) the quotient resulting from dividing $12600000.0 by the number of outstanding units of the Company immediately prior to the Qualified Financing (assuming conversion of all securities convertible into units and exercise of all outstanding options and warrants, but excluding the units of equity securities of the Company issuable upon the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)). The issuance of Equity Securities pursuant to the conversion of this Note shall be upon and subject to the same terms and conditions applicable to Equity Securities sold in the Qualified Financing. Notwithstanding this paragraph, if the conversion price of the Notes as determined pursuant to this paragraph (the "Conversion Price") is less than the price per unit at which Equity Securities are issued in the Qualified Financing, the Company may, solely at its option, elect to convert this Note into units of a newly created series of preferred units having the identical rights, privileges, preferences and restrictions as Equity Securities issued in the Qualified Financing, and otherwise on the same terms and conditions, other than with respect to (if applicable): (i) the per unit liquidation preference and the conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the per unit dividend, which will be the same percentage of the Conversion Price as applied to determine the per unit dividends of the Investors in the Qualified Financing relative to the purchase price paid by the Investors.
b. Change of Control. If the Company consummates a Change of Control (as defined below) while this Note remains outstanding, the Company shall repay the Holder in cash in an amount equal to (i) the outstanding principal amount of this Note plus any unpaid accrued interest on the original principal, plus (ii) a repayment premium equal to 50% of the outstanding principal amount of this Note; provided, however, that upon the written election of the Holder made not less than five days prior to the Change of Control, the Company shall convert the outstanding principal balance of this Note and any unpaid accrued interest into shares of the Company's Common Stock at a conversion price equal to the quotient resulting from dividing $[VALUATION CAP] by the number of outstanding shares of Common Stock of

the Company immediately prior to the Change of Control (assuming conversion of all securities convertible into Common Stock and exercise of all outstanding options and warrants, but excluding the shares of equity securities of the Company issuable upon the conversion of Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)). For purposes of this Note, a "Change of Control" means (i) a consolidation or merger of the Company with or into any other corporation or other entity or person, or any other corporate reorganization, other than any such consolidation, merger or reorganization in which the units of the Company immediately prior to such consolidation, merger or reorganization continue to represent a majority of the voting power of the surviving entity immediately after such consolidation, merger or reorganization; (ii) any transaction or series of related transactions to which the Company is a party in which in excess of 50% of the Company's voting power is transferred; or (iii) the sale or transfer of all or substantially all of the Company's assets, or the exclusive license of all or substantially all of the Company's material intellectual property; provided that a Change of Control shall not include any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Company or any successor, indebtedness of the Company is cancelled or converted or a combination thereof. The Company shall give the Holder notice of a Change of Control not less than 10 days prior to the anticipated date of consummation of the Change of Control. Any repayment pursuant to this paragraph in connection with a Change of Control shall be subject to any required tax withholdings, and may be made by the Company (or any party to such Change of Control or its agent) following the Change of Control in connection with payment procedures established in connection with such Change of Control.

c. **Procedure for Conversion.** In connection with any conversion of this Note into units, the Holder shall surrender this Note to the Company and deliver to the Company any documentation reasonably required by the Company (including, in the case of a Qualified Financing, all financing documents executed by the Investors in connection with such Qualified Financing). The Company shall not be required to issue or deliver the units into which this Note may convert until the Holder has surrendered this Note to the Company and delivered to the Company any such documentation. Upon the conversion of this Note into units pursuant to the terms hereof, in lieu of any fractional units to which the Holder would otherwise be entitled, the Company shall pay the Holder cash equal to such fraction multiplied by the price at which this Note converts.

d. **Interest Accrual.** If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.

### 3. REPRESENTATIONS AND WARRANTIES

#### a. Representations and Warranties of the Company

i. **Organization, Good Standing and Qualification.** The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Arizona. The Company has the requisite corporate power to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business (a "Material Adverse Effect").

ii. **Corporate Power.** The Company has all requisite corporate power to issue this Note and to carry out and perform its obligations under this Note. The Company's Board of Directors (the "Board") has approved the issuance of this Note based upon a reasonable belief that the issuance of this Note is appropriate for the Company after reasonable inquiry concerning the Company's financing objectives and financial situation.

iii. **Authorization.** All corporate action on the part of the Company, the Board and the Company's unitholders necessary for the issuance and delivery of this Note has been taken. This Note constitutes a valid and binding obligation of the Company enforceable in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency, the relief of debtors and, with respect to rights to indemnity, subject to federal and state securities laws. Any securities issued upon conversion of this Note (the "Conversion Securities"), when issued in compliance with the provisions of this Note, will be validly issued, fully paid, nonassessable, free of any liens or encumbrances and issued in compliance with all applicable federal and securities laws.

iv. **Governmental Consents.** All consents, approvals, orders or authorizations of, or registrations, qualifications, designations, declarations or filings with, any governmental authority required on the part of the Company in connection with issuance of this Note has been obtained.

v. **Compliance with Laws.** To its knowledge, the Company is not in violation of any applicable statute, rule, regulation, order or restriction of any domestic or foreign government or any instrumentality or agency thereof in respect of the conduct of its business or the ownership of its properties, which violation of which would have a Material Adverse Effect.

vi. Compliance with Other Instruments. The Company is not in violation or default of any term of its certificate of incorporation or bylaws, or of any provision of any mortgage, indenture or contract to which it is a party and by which it is bound or of any judgment, decree, order or writ, other than such violation(s) that would not have a Material Adverse Effect. The execution, delivery and performance of this Note will not result in any such violation or be in conflict with, or constitute, with or without the passage of time and giving of notice, either a default under any such provision, instrument, judgment, decree, order or writ or an event that results in the creation of any lien, charge or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to the Company, its business or operations or any of its assets or properties. Without limiting the foregoing, the Company has obtained all waivers reasonably necessary with respect to any preemptive rights, rights of first refusal or similar rights, including any notice or offering periods provided for as part of any such rights, in order for the Company to consummate the transactions contemplated hereunder without any third party obtaining any rights to cause the Company to offer or issue any securities of the Company as a result of the consummation of the transactions contemplated hereunder.

vii. No "Bad Actor" Disqualification. The Company has exercised reasonable care to determine whether any Company Covered Person (as defined below) is subject to any of the "bad actor" disqualifications described in Rule 506(d)(1)(i) through (viii), as modified by Rules 506(d)(2) and (d)(3), under the Act ("Disqualification Events"). To the Company's knowledge, no Company Covered Person is subject to a Disqualification Event. The Company has complied, to the extent required, with any disclosure obligations under Rule 506(e) under the Act. For purposes of this Note, "Company Covered Persons" are those persons specified in Rule 506(d)(1) under the Act; provided, however, that Company Covered Persons do not include (a) any Holder, or (b) any person or entity that is deemed to be an affiliated issuer of the Company solely as a result of the relationship between the Company and any Holder.

viii. Offering. Assuming the accuracy of the representations and warranties of the Holder contained in subsection (b) below, the offer, issue and sale of this Note and the Conversion Securities (collectively, the "Securities") are and will be exempt from the registration and prospectus delivery requirements of the Act, and have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.

ix. Use of Proceeds. The Company shall use the proceeds of this Note solely for the operations of its business, and not for any personal, family or household purpose.

b. Representations and Warranties of the Holder. The Holder hereby represents and warrants to the Company as of the date hereof as follows:

i. Purchase for Own Account. The Holder is acquiring the Securities solely for the Holder's own account and beneficial interest for investment and not for sale or with a view to distribution of the Securities or any part thereof, has no present intention of selling (in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the same, and does not presently have reason to anticipate a change in such intention.

ii. Information and Sophistication. Without lessening or obviating the representations and warranties of the Company set forth in subsection (a) above, the Holder hereby: (A) acknowledges that the Holder has received all the information the Holder has requested from the Company and the Holder considers necessary or appropriate for deciding whether to acquire the Securities. (B) represents that the Holder has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of the Securities and to obtain any additional information necessary to verify the accuracy of the information given the Holder and (C) further represents that the Holder has such knowledge and experience in financial and business matters that the Holder is capable of evaluating the merits and risk of this investment.

iii. Ability to Bear Economic Risk. The Holder acknowledges that investment in the Securities involves a high degree of risk, and represents that the Holder is able, without materially impairing the Holder's financial condition, to hold the Securities for an indefinite period of time and to suffer a complete loss of the Holder's investment.

iv. Further Limitations on Disposition. Without in any way limiting the representations set forth above, the Holder further agrees not to make any disposition of all or any portion of the Securities unless and until:

1. There is then in effect a registration statement under the Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or
2. The Holder shall have notified the Company of the proposed disposition and furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and if reasonably requested by the Company, the Holder shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration under the Act or any applicable state securities laws; provided that no such opinion shall be required for dispositions in compliance with Rule 144

under the Act, except in unusual circumstances.

3. Notwithstanding the provisions of paragraphs (1) and (2) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Holder to a partner (or retired partner) or member (or retired member) of the Holder in accordance with partnership or limited liability company interests, or transfers by gift, will or intestate succession to any spouse or lineal descendants or ancestors, if all transferees agree in writing to be subject to the terms hereof to the same extent as if they were the Holders hereunder.

c. **No "Bad Actor" Disqualification.** The Holder represents and warrants that neither (A) the Holder nor (B) any entity that controls the Holder or is under the control of, or under common control with, the Holder, is subject to any Disqualification Event, except for Disqualification Events covered by Rule 506(d)(2)(ii) or (iii) or (d)(3) under the Act and disclosed in writing in reasonable detail to the Company. The Holder represents that the Holder has exercised reasonable care to determine the accuracy of the representation made by the Holder in this paragraph, and agrees to notify the Company if the Holder becomes aware of any fact that makes the representation given by the Holder hereunder inaccurate.

d. **Foreign Investors.** If the Holder is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended (the "Code")), the Holder hereby represents that he, she or it has satisfied itself as to the full observance of the laws of the Holder's jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Note, including (A) the legal requirements within the Holder's jurisdiction for the purchase of the Securities, (B) any foreign exchange restrictions applicable to such purchase, (C) any governmental or other consents that may need to be obtained, and (D) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Securities. The Holder's subscription, payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Holder's jurisdiction.

e. **Forward-Looking Statements.** With respect to any forecasts, projections of results and other forward-looking statements and information provided to the Holder, the Holder acknowledges that such statements were prepared based upon assumptions deemed reasonable by the Company at the time of preparation. There is no assurance that such statements will prove accurate, and the Company has no obligation to update such statements.

#### 4. EVENTS OF DEFAULTS

a. If there shall be any Event of Default (as defined below) hereunder, at the option and upon the declaration of the Majority Holders and upon written notice to the Company (which election and notice shall not be required in the case of an Event of Default under subsection (ii) or (iii) below), this Note shall accelerate and all principal and unpaid accrued interest shall become due and payable. The occurrence of any one or more of the following shall constitute an "Event of Default":

i. The Company fails to pay timely any of the principal amount due under this Note on the date the same becomes due and payable or any unpaid accrued interest or other amounts due under this Note on the date the same becomes due and payable;
ii. The Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other law for the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors or takes any corporate action in furtherance of any of the foregoing; or
iii. An involuntary petition is filed against the Company (unless such petition is dismissed or discharged within 60 days under any bankruptcy statute now or hereafter in effect, or a custodian, receiver, trustee or assignee for the benefit of creditors (or other similar official) is appointed to take possession, custody or control of any property of the Company).

b. In the event of any Event of Default hereunder, the Company shall pay all reasonable attorneys' fees and court costs incurred by the Holder in enforcing and collecting this Note.

#### 5. MISCELLANEOUS PROVISIONS

a. **Waivers.** The Company hereby waives demand, notice, presentment, protest and notice of dishonor.
b. **Further Assurances.** The Holder agrees and covenants that at any time and from time to time the Holder will promptly execute and deliver to the Company such further instruments and documents and take such further action as the Company may reasonably require in order to carry out the full intent and purpose of this Note and to comply with state or federal securities laws or other regulatory approvals.
c. **Transfers of Notes.** This Note may be transferred only upon its surrender to the Company for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, this Note shall be reissued to, and registered in the name of, the transferee, or a new Note for like principal amount and interest shall be issued to, and registered in the name of, the transferee. Interest and principal shall be paid solely to the registered holder of this Note. Such payment shall constitute full discharge of the Company's obligation to pay such interest and principal.
d. **Market Standoff.** To the extent requested by the Company or an underwriter of securities of the Company, each Holder and any permitted transferee thereof shall not, without the prior

written consent of the managing underwriters in the IPO (as hereafter defined), offer, sell, make any short sale of, grant or sell any option for the purchase of, lend, pledge, otherwise transfer or dispose of (directly or indirectly), enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership (whether any such transaction is described above or is to be settled by delivery of Securities or other securities, in cash, or otherwise), any Securities or other units of the Company then owned by such Holder or any transferee thereof, or enter into an agreement to do any of the foregoing, for up to 180 days following the effective date of the registration statement of the initial public offering of the Company (the '**IPO**') filed under the Securities Act. For purposes of this paragraph, '**Company**' includes any wholly owned subsidiary of the Company into which the Company merges or consolidates. The Company may place restrictive legends on the certificates representing the units subject to this paragraph and may impose stop transfer instructions with respect to the Securities and such other units of each Holder and any transferee thereof (and the units or securities of every other person subject to the foregoing restriction) until the end of such period. Each Holder and any transferee thereof shall enter into any agreement reasonably required by the underwriters to the IPO to implement the foregoing within any reasonable timeframe so requested. The underwriters for any IPO are intended third party beneficiaries of this paragraph and shall have the right, power and authority to enforce the provisions of this paragraph as though they were parties hereto.

- e. **Amendment and Waiver.** Any term of this Note may be amended or waived with the written consent of the Company and the Holder. In addition, any term of this Note may be amended or waived with the written consent of the Company and the Majority Holders. Upon the effectuation of such waiver or amendment with the consent of the Majority Holders in conformance with this paragraph, such amendment or waiver shall be effective as to, and binding against the holders of, all of the Notes, and the Company shall promptly give written notice thereof to the Holder if the Holder has not previously consented to such amendment or waiver in writing; provided that the failure to give such notice shall not affect the validity of such amendment or waiver.
- f. **Governing Law.** This Note shall be governed by and construed under the laws of the State of Arizona, as applied to agreements among Arizona residents, made and to be performed entirely within the State of Arizona, without giving effect to conflicts of laws principles.
- g. **Binding Agreement.** The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Note, expressed or implied, is intended to confer upon any third party any rights, remedies, obligations or liabilities under or by reason of this Note, except as expressly provided in this Note.
- h. **Counterparts; Manner of Delivery.** This Note may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.
- i. **Titles and Subtitles.** The titles and subtitles used in this Note are used for convenience only and are not to be considered in construing or interpreting this Note.
- j. **Notices.** All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (iii) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications to a party shall be sent to the party's address in their Wefunder account at such other address(es) as such party may designate by 10 days' advance written notice to the other party hereto.
- k. **Expenses.** The Company and the Holder shall each bear its respective expenses and legal fees incurred with respect to the negotiation, execution and delivery of this Note and the transactions contemplated herein.
- l. **Delays or Omissions.** It is agreed that no delay or omission to exercise any right, power or remedy accruing to the Holder, upon any breach or default of the Company under this Note shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach or default, or any acquiescence therein, or of or in any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or character by the Holder of any breach or default under this Note, or any waiver by the Holder of any provisions or conditions of this Note, must be in writing and shall be effective only to the extent specifically set forth in writing and that all remedies, either under this Note, or by law or otherwise afforded to the Holder, shall be cumulative and not alternative. This Note shall be void and of no force or effect in the event that the Holder fails to remit the full principal amount to the Company within five calendar days of the date of this Note.
- m. **Entire Agreement.** This Note constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof, and no party shall be liable or bound to any other party in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein.

n. **Exculpation among Holders.** The Holder acknowledges that the Holder is not relying on any person, firm or corporation, other than the Company and its officers and Board members, in making its investment or decision to invest in the Company.

o. **Senior Indebtedness.** The indebtedness evidenced by this Note is subordinated in right of payment to the prior payment in full of any Senior Indebtedness in existence on the date of this Note or hereafter incurred. "*Senior Indebtedness*" shall mean, unless expressly subordinated to or made on a parity with the amounts due under this Note, all amounts due in connection with (i) indebtedness of the Company to banks or other lending institutions regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions and their affiliates, which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), and (ii) any such indebtedness or any debentures, notes or other evidence of indebtedness issued in exchange for such Senior Indebtedness, or any indebtedness arising from the satisfaction of such Senior Indebtedness by a guarantor.

p. **Broker's Fees.** Each party hereto represents and warrants that no agent, broker, investment banker, person or firm acting on behalf of or under the authority of such party hereto is or will be entitled to any broker's or finder's fee or any other commission directly or indirectly in connection with the transactions contemplated herein. Each party hereto further agrees to indemnify each other party for any claims, losses or expenses incurred by such other party as a result of the representation in this subsection being untrue.

q. **California Corporate Securities Law.** THE SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS NOTE HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION OR IN THE ABSENCE OF AN EXEMPTION FROM SUCH QUALIFICATION IS UNLAWFUL. PRIOR TO ACCEPTANCE OF SUCH CONSIDERATION BY THE COMPANY, THE RIGHTS OF ALL PARTIES TO THIS NOTE ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION FROM SUCH QUALIFICATION BEING AVAILABLE.

[Signature pages follow]

IN WITNESS WHEREOF, the parties have executed this agreement as of [EFFECTIVE DATE].

Investment Amount: [INVESTMENT AMOUNT]

**COMPANY:**

ProCloudSaaS, LLC

Name:

Title:

**Read and Approved (For IRA Use Only):**

**SUBSCRIBER**

[INVESTOR NAME]

By:

By: *Investor*

Name: [INVESTOR NAME]

Title:

The Subscriber is an "accredited investor" as that term is defined in Regulation D promulgated by the Securities and Exchange Commission under the Securities Act.

Please indicate Yes or No by checking the appropriate box:

☐ Accredited

☐ Not Accredited

SIGNATURE PAGE

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

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

# Subscription Agreement

**[INVESTMENT AMOUNT]**

**[INVESTMENT DATE]**

**ProCloudSaaS 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 **ProCloudSaaS, 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

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

**Type of Security:** Convertible Note

**Terms** $12.6M 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%3D0001941445&first=2016

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

*ProCloudSaas, LLC*

# **Review of Financial Statements**

For the year ended December 31, 2021

1

# ProCloudSaas, LLC

# Table of Contents

|  | Page |
| --- | --- |
| Independent Accountants' Report | 3 |
| Balance Sheet | 4 |
| Income Statement | 5 |
| Statement of Cash Flows | 6 |
| Statement of Owner's Equity | 7 |
| Notes to Financial Statements | 8-10 |

60 East 42nd Street, Ste 1201, New York, NY 10165 Ph: 212-548-6210 Fax: 914-885-1800
www.rlnus.com

**RLNAdvisors**  
Certified Public Accountants

# INDEPENDENT ACCOUNTANT’S REVIEW REPORT

## To Board of Directors

ProCloudSaaS, LLC SCOTTSDALE, AZ

We have reviewed the accompanying interim financial statements of ProCloudSaaS, LLC, which comprise the balance sheet as of December 31, 2021, and the related statements of income, and cash flows for the interim period 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 Financials

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.

## Accountants’ Responsibility

Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the 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.

## Accountants’ Conclusion

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

*RLN US LLP*

**August 3, 2022**

60 East 42$^{nd}$ Street, Ste 1201, New York, NY 10165 Ph: 212-548-6210 Fax: 914-885-1800  
www.rlnus.com

# ProCloudSaas, LLC
Balance Sheet
As of December 31, 2021

ASSETS

| Current Assets |  |
| --- | --- |
| Bank Accounts |  |
| Cash | $3,201 |
| Total Bank Accounts | $3,201 |
| Other Current Assets |  |
| Loans Receivable | $2,000 |
| Total Other Current Assets | $2,000 |
| Total Current Assets | $5,201 |
| TOTAL ASSETS | $5,201 |
| LIABILITIES AND EQUITY |  |
| Liabilities | - |
| TOTAL LIABILITIES | $ - |
| Equity |  |
| Owner's Capital Account | $500 |
| Net Income | 4,701 |
| Total Equity | $5,201 |
| TOTAL LIABILITIES AND EQUITY | $5,201 |

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

4

# ---**ProCloudSaas, LLC**  
Statement of Income  
For the year ended December 31, 2021

| Income |  |
| --- | --- |
| Revenue | $78,331 |
| Cost of Goods Sold | 27,157 |
| Gross profit | $51,174 |
| Expenses |  |
| General business expenses | 82 |
| Legal & professional fees | 5,000 |
| Office expenses | 458 |
| Subcontractors | 40,933 |
| Total expenses | $46,473 |
| Net Income | $4,701 |

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

5

# **ProCloudSaas, LLC**  
Statement of Cash Flows  
For the year ended December 31, 2021

# **Operating Activities**

| Net Income | $4,701 |
| --- | --- |
| Loans Receivable | (2,000) |
| Net Cash Flows from Operating Activities | $2,701 |
| Investing Activities | $ - |
| Net Cash Flows from Investing Activities | $ - |
| Financing Activities | $ - |
| Net Cash Flows from Financing Activities | $ - |
| Net Cash Flows | $2,701 |
| Cash and Cash Equivalents |  |
| Cash and Cash Equivalents at beginning of period | $ - |
| Net Cash Flow | 2,701 |
| Cash and Cash Equivalents at end of period | 2,701 |
| Net change in cash for period | $2,701 |

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

6

# ---**ProCloudSaas, LLC**  
Statement of Owner's Equity  
For the year ended December 31, 2021

# **Owner's Equity at January 1, 2021**

| Owner's Capital Contribution | $500 |
| --- | --- |
| Current Year Earnings | 4,701 |
| Subtotal | $5,201 |
| Owner's Draws | $ - |
| Owner's Equity at December 31, 2021 | $5,201 |

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

7

# Notes to the Financial Statements

## 1. ORGANIZATION AND NATURE OF BUSINESS

ProCloudSaas, LLC (the “Company”) was incorporated in Arizona in 2021 and is headquartered in Rio Verde, Arizona. The Company offers technology services that expertise on the latest True SaaS Platforms for seamless migration and ongoing management. Further, ProCloudSaas, LLC provides advisory and implementation services, cost-saving strategies on IT and cybersecurity protection. They are specialized in building actionable plans as a foundation for a successful cloud strategy.

The Company has years of experience in the field in government, defense contractors and healthcare on a global scale providing follow-the-sun support.

**Risks and Uncertainties** - The Company is subject to a number of risks similar to those of other companies in similar size in its industry, but not limited to, the need for additional capital or financing to fund operating losses, competition from substitute products and services from larger companies, protection of proprietary technology, patent litigation, dependence on key individuals, and risks associated with changes in information technology.

## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

**Basis of Accounting** - The Company prepared the accompanying financial statement in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). The financial statements include the operations, assets, and liabilities of the Company. In the opinion of the Company’s management, the accompanying financial statements contain all adjustments, consisting of normal accruals, necessary to fairly present the accompanying financial statements.

**Use of Estimates** - The preparation of financial statements and related disclosures in conformity with US GAAP requires the management to make estimates and assumptions that affect the fair value of reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and the differences could be material.

**Cash and Cash Equivalents** - Cash and cash equivalents include all short-term highly liquid investments that are readily convertible to known amount of cash and have original maturities of three months or less from the date of purchase. As of December 31, 2021, the Company had cash of $3,201.

**Restricted Cash** - The Company did not have any restricted cash balances, deposits held as compensating balances or cash segregated in compliance with federal or other regulations as of December 31, 2021.

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

8

**Loan Receivable** - In 2021, the Company has loaned $2,000 to a related party. As of December 31, 2021, that is the only loan receivable in the Company’s financials.

**Revenue Recognition** - The Company recognizes revenue when sold products are delivered and cash is received. The Company generates its revenues from IT Guidance and Mentoring projects, advisory services, training and implementation, MSP monthly subscriptions that covers remote Maintenance and Support of IT systems, cloud security services which include Endpoint Security, Antivirus & Antimalware Prevention, Patch Monitoring, Fail-Safe Patching, HDD Health Monitoring, Auto Discovery, DNS Security and Antiphishing. Subscription fees vary depending on the type of services selected by customers. SaaS arrangements are usually hourly fees or month-to-month per user fees.

The Company applies the following five steps to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its arrangements:

- identify the contract with a customer
- identify the performance obligation in the contract
- determine the transaction price
- allocate the transaction price to performance obligations in the contract
- recognize revenue as the performance obligation is satisfied

The Company estimates the transaction price, including variable consideration, at the commencement of the contract and recognizes revenue over the contract term, rather than when fees become fixed or determinable.

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

9

**Cost of Revenue** - Cost of revenue consists primarily of software support, development and integrations associated with the delivery of the SaaS products to customers. Cost of revenue was approximately 35% of total revenue for the year of 2021.

**General and Administrative** - General and administrative expenses include compensation, rent, professional and consulting fees, and banking and financing fees. For the year ending December 31, 2021, this category of expenses amounted to $46,473.

### 3. SHAREHOLDER EQUITY STRUCTURE

As of December 31, 2021, Shane Hannan is the sole proprietor of ProCloudSaaS LLC with an initial investment of $500.

The accompanying notes and attached financial statements of ProCloudSaaS, LLC are an integral part of these financial statements.

10

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

Contact

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

Top Skills

Sales Management
Forecasting
Sales

Languages

English (Native or Bilingual)

Certifications

Building the Skillset of a Highly
Successful CFO
Creative Problem Solving

# Brett Linn

Strategic Analytics, Leader of People, Product Development,
Business Strategy
Chicago, Illinois, United States

## Summary

My career started in accounting and finance. Responsibilities
included accounting, FP&A, capital spend management, business
strategy, applying data analytics, and pricing strategy on both macro
and micro levels.

After my time in finance and accounting, I transitioned into a selling
role. As a sales professional, I have sold and managed distribution
networks, brokers, and direct sales in local, regional, and national
markets.

Coming full circle, I have come back to finance and business
strategy.

My career definitely mirrors my strengths based on my profile from
Tom Rath's "StrengthsFinder 2.0": Strategic | Competition | Ideation
| Learner | Activator

I love being active as I still play soccer, basketball, golf, and skiing
are my main hobbies. Competitive still to this day, but always with a
smile on my face. Life is short, enjoy it!

## Experience

Pro Cloud SaaS
Chief Financial Officer
July 2022 - Present (8 months)

Bite
Sr. Account Manager
August 2020 - July 2022 (2 years)
Denver, Colorado, United States

Wisely Inc

Page 1 of 7

# National Accounts & Sales Lead

November 2018 - June 2019 (8 months)

Greater Denver Area

Wisely combines Ops, Marketing, and Reporting technology to deliver an enhanced experience for your guests, increased efficiency for your staff, and a single place to manage and grow your brand.

- Launched CRM (Salesforce) by creating system hierarchy and sales methodology for closing deals faster and more insightful reporting
- Implemented Conversational Intelligence Tool - Gong.io to assist and review sales calls
- Closed 2nd largest deal in company history in the first 90 days by providing solving, implementing a new up-to-date software
- Created the on-boarding process for new sales reps and reduced ramp time by 4 weeks
- Established and created the criteria for successful pilot programs thru consolidated goals based on key problems being solved in the sales process
- Built out marketing campaigns for the sales team that produced 43% open rates

# Harri

# National Account Executive and Team Lead

March 2018 - November 2018 (9 months)

Greater Denver Area

- Established 25 state territory thru prospecting and managing the Total Available Market vs. Serviceable Available Market vs. Serviceable Obtainable Market
- Setup structure and sales process in CRM
- Prospected and gained meetings with key targets - The Cheesecake Factory, Noodles & Co., and Boston Market resulting in 2 RFP's
- Only sales rep of 10 to work with marketing to create more efficient content and messaging

# SynergySuite

# Senior Sales Executive

November 2017 - March 2018 (5 months)

Denver,

SynergySuite helps restaurants and hospitality businesses by being only all-in-one back-office platform.

Page 2 of 7

- Created and implemented a marketing campaign to increase the top of the sales funnel
- Setup structure and sales process in CRM by identifying key prospects

# HotSchedules

3 years 11 months

# Senior Sales Consultant & Team Lead

January 2016 - November 2017 (1 year 11 months)

Greater Denver Area

Report to the Senior Director of Client Support, Services, and Sales.

Sold cloud and print deliverables to the national and regional restaurant, retail, hospitality, and grocery segment. Product suite solved and improved operational standards, food safety, labor management, inventory controls, learning and development, and created financial awareness.

- Sales Lead and Subject Matter Expert for 8 reps

o Worked cross-functionally with the Product Team to realign viability
o Key leader in taking 1 product thru beta to successful launch by pitching, implementing, and running the pilot with 3 clients.
o One of 4 sales reps chosen to work with a consulting firm on the creation of a new product
- 2016 MVP Award - outstanding performer; 1 of 5 award winners. Inclusive of the entire company not just the sales teams
- Top sales performer 2016 at 105% of quota & 2017 at 108% of quota thru consultative selling methodology to meet new and existing customer goals.

# National Sales Executive

January 2014 - December 2015 (2 years)

I am responsible for driving our print and digital mediums to our client base that help drive consistency across all locations. We work with our clients on a consultative basis to customize a deliverable that can work across all phases of an organization: Corporate, Regional, and Local.

- 1 of 5 Sales contest winners out 100 sales reps in the first 90 days of employment
- 2015 President's Club Winner for achieving 121% of quota - 1 of 15 winners out of 121 employees

# The Original Cakerie

Page 3 of 7

# Business Manager

October 2012 - August 2013 (11 months)

Denver, CO

Reported to the Associate Director of Sales of a high-quality dessert company to be on the vanguard of a young and upcoming brand into the U.S. foodservice market. Responsible for driving sales through 3 broker networks across 18 states and managed 46% of the overall business here in the U.S.; business was driven through Sysco, U.S. Foods, Shamrock, FSA, and small distribution networks across the territory.

- Rebuilt existing broker relationships along with cultivated new relationships by increasing face time, market visits, strategic goals, detailed training, and marketing opportunities; revenue was up 3% YOY through efforts and primed for continued expansion
- Executed key training with new broker networks to gain new sales strategies and adjust old out of date sales techniques and segment focuses
- Negotiated marketing programs with Sysco houses to enhance sales in an evolving distribution model; gained new slots as Sysco reduced overall SKU portfolio and increased training opportunities
- Negotiated corporate marketing programs with Shamrock and aligned key appointments with GPO's: Guckenheimer, Compass Group, and Thomas Cuisine Management

# Aryzta LLC

5 years

# Regional Sales Manager

January 2012 - October 2012 (10 months)

Aryzta - Otis Spunkmeyer, Great Kitchens, & La Brea Bakery Van Nuys;
Reporting to Director of Retail Sales promoted to spearhead newly integrated brands and boost flat retail sales business of $14M. Accountable for driving sales through 4 brokers across Wisconsin, Tennessee, Texas, Missouri, and Kansas as well as key accounts such as Roundy's and Target.

Integrating new brands into market by creating new sales strategies for distributors and retail chains.

Craft and implement new sales strategies in order to grow and/or gain new business through a broker network

Spearheaded a broker network evaluation during integration in the Midwest; after evaluation made appropriate changes and was able to create a 6% savings in broker commissions

Cultivated relationships with Target on bakery and deli side to help understand the new brands available; during time grew artisan bread business 18%

Page 4 of 7

through strategic item placement; secured seasonal bread opportunities and prepped a tortilla program for a launch in Target's Southwest United States markets

# District Sales Manager

September 2010 - December 2011 (1 year 4 months)

Promoted from Senior Pricing Analyst to be on the forefront of turning around flat Midwest market; reported to Regional Sales Manager of Midwest, $3M annual sales volume. Responsible for driving incremental sales in 4 broker networks across Illinois, Wisconsin, Minnesota, Iowa, and the Dakota's as well Sysco, US Foods, and small distributor operating companies and key regional accounts.

Rebuilt broker relationships by increasing face time, market visits, strategic goals, detailed training, and marketing opportunities; revenue was up 8% YOY through efforts and primed for continued expansion

Successful launch of new innovative item with broker network and key regional chains; achieved 2nd most case sales in the country

Renegotiated marketing programs at local Sysco and US Foods houses to gain parity across all markets; excluded large key national account drivers in order to focus program spend on street sales and other avenues that grow the business. Secured an increase of incremental SKU's across all major markets and houses.

Initiated Compass Eurest trainings to further book of business across Midwest market for the Hospitality & Contract segment

# Senior Pricing Analyst

January 2010 - August 2010 (8 months)

Reporting to Director of Commercial Sales and given full pricing responsibility, sales forecasting, profit management, and program creation with goals to increase profitability and assist in revenue generation. Accountable in assisting sales staff to grow revenue year on year through key strategic accounts such as Kroger, Supervalu, Target, Costco, and Harris Teeter amongst others and was key decision maker on profit decisions.

Demonstrated profit awareness by increasing profit 10% in multiple years through successful program management, budget planning, and pricing strategies.

Integral part in SAP implementation team creating more efficiencies that will lead to timely analytical decisions

Successful training and mentoring of junior analyst who replaced myself upon promotion

Page 5 of 7

Created pricing strategies and assisted in sales analytics to grow Costco and Kroger sales 10% year on year

Created and ran food service segment report - report created allowed for viewing of business by segment allowing for more stringent marketing negotiations and business awareness

Operational awareness through sales forecasting for entire book of La Brea Bakery business. Reduced write-offs through accurate forecasting; saving the company $500K over 12 month period

## Pricing Analyst

November 2007 - December 2009 (2 years 2 months)

Managed an account portfolio of the largest grocery retail organizations (Costco, Kroger Brands, Supervalu, Albertson's, & Target) and ensure each met the revenue and profit requirements. Worked hand-in-hand with the sales, marketing, and bakery production teams to meet budget and production goals. For the sales team, I provided pricing, marketing calendars, the program spends, and the ideal product mix. The marketing teams needed guidance on successful sales programs in relation to spending. Production teams needed to understand the impact of our pricing and product mixes in regards to inventory and the amount of bread to produce.

## AIT Worldwide Logistics

2 years 11 months

## Financial Analyst

February 2006 - November 2007 (1 year 10 months)

Itasca, IL

AIT Worldwide Logistics is a full-service transportation management provider. By coupling a flexible business model with robust technology that presents end-to-end shipment visibility, AIT delivers precisely tailored supply chain efficiencies for almost every industry imaginable.

Reporting to VP of Finance; responsible for financial month-end reporting, generating sales analytical reports, balancing GL's, maintaining bank statements, and other miscellaneous duties.

- Implemented, trained, and was the system administrator for over 50 employees on the Concur Expense Reporting system.
- Produced custom industry financial reporting for month-end reporting for the C-suite
- The youngest member of the AIT SSI (Station Support Initiative) Team.

Page 6 of 7

- Responsible for creating strong relations between corporate and franchise locations to build synergy and financial improvements. The main areas of focus were income statement analysis, customer profitability, wasted spends, and system issues.

#### Accounts Payable Specialist

January 2005 - February 2006 (1 year 2 months)

Was charged with managing an accounts payable portfolio of over 150 accounts and ensuring timely payments. Creating relations with the customer and 3rd party logistics company was key for the reconciliation of charges vs. services provided.

## Education

Millikin University

Bachelors of Science, Business Finance · (2000 - 2004)

Bradley Bourbonnais Community High School

· (1996 - 2000)

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

Contact

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

Top Skills

Solution Selling
Sales Management
Sales

# Chris Bosque

CRO at Pro Cloud SaaS
Atlanta Metropolitan Area

## Summary

Experienced Versatile Sales Leader with demonstrated history of over performing sales goals in the Cloud software market. Skilled in Sales, Security Compliance, Channel Strategy, Sales Presentations, Business Development, CRM Applications, and Channel Account Management. Strong marketing professional with a BBA focused in Management from Georgia State University - J. Mack Robinson College of Business. If you are hunting for an individual who is a self starter with a proven track record, contact me to discuss how I can assist with increasing your sales performance.

## Experience

Pro Cloud SaaS
2 years 4 months

Chief Revenue Officer (CRO)
November 2020 - Present (2 years 4 months)
Atlanta, Georgia, United States

Pro Cloud SaaS specializes in making our customers the hero on their journey to the security and simplicity of the cloud. We are a trusted partner that provides you the expertise on the latest True SaaS Platforms for seamless migration and ongoing management. Pro Cloud SaaS partners with the most recognized SaaS providers and SaaS consumers on the planet. Pro Services Engineers are fully certified by our Eco-Partners and specialize in diverse deployments from small through to global organizations. Our worldwide coverage provides follow-the-sun support for your SaaS platforms.

Sales
November 2020 - Present (2 years 4 months)
Atlanta, Georgia, United States

With years of experience across many different verticals in the infrastructure and print management space, Pro Cloud SaaS has always been on the cutting edge of the latest technologies. We specialize in helping our customers make the right choices as they continue their journey to the security and simplicity of the cloud. Pro Cloud SaaS is a trusted partner that offers expertise

Page 1 of 4

across the latest True SaaS Platforms for seamless deployment and ongoing management.

## Renaissance Court Reporting LLC

### Sales & Marketing

November 2019 - Present (3 years 4 months)

Atlanta Metropolitan Area

Renaissance Court Reporting provides court reporting, digital electronic reporting, realtime, and transcription services to all areas of industry including but not limited to court proceedings, depositions, arbitration hearings, board meetings and more. Since 1983, our staff has delivered comprehensive litigation support and reporting services to meet the challenges in today's ever evolving legal market.

## PrinterLogic

### Senior Enterprise Healthcare - East

January 2018 - November 2019 (1 year 11 months)

Greater Atlanta Area

As a member of the Healthcare vertical, we provided tools for healthcare payers & providers to eliminate print down time and resolving traditional issues faced with virtual environments. A true SaaS printing solution infrastructure is built on a multi-tenant back end. No VPN connection required, no server management or licensing to maintain. SaaS solutions deliver continuous updates and feature releases with defined uptime SLAs.

## Renaissance Court Reporting LLC

### Sales & Marketing

July 2015 - December 2017 (2 years 6 months)

Renaissance Court Reporting provides court reporting, digital electronic reporting, realtime, and transcription services to all areas of industry including but not limited to court proceedings, depositions, arbitration hearings, board meetings and more. Since 1983, our staff has delivered comprehensive litigation support and reporting services to meet the challenges in today's ever evolving legal market.

## Nuance Communications

### Regional Sales Manager

July 2011 - July 2015 (4 years 1 month)

Atlanta

Page 2 of 4

Managed OEM field relationships and established independent dealer channel for software and professional services solutions in the Southeast. Responsibility for achieving assigned sales goals and corporate objectives in the region. Nuance Communications, Inc. is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze and respond to human language to increase productivity and amplify human intelligence. With decades of domain and artificial intelligence expertise, Nuance works with thousands of organizations - in global industries that include healthcare, telecommunications, automotive, financial services, and retail - to create stronger relationships and better experiences for their customers and workforce.

# Equitrac

# Partner Sales Executive

July 2006 - July 2011 (5 years 1 month)

Greater Atlanta Area

Assisted with the development of a partner channel to augment direct sales model. Supported all OEM field relationships through training, sales calls, trade shows, customer events, and installations. Provided onsite and remote presentations and demonstrations to our partners and customers. Equitrac is a global software company that provides document cost management (auditing, allocation, recovery) and output management solutions for printers, copiers and multifunction devices. Its target markets are professional services firms, general office and enterprise plus hospitality and higher education. The company has more than a 70% market share among large law firms.

# EFI

# Sales Development Manager

2002 - 2006 (4 years)

Norcross

Continued to grow existing OEM relationships and further develop our ever present independent dealer channel to sell our applications while always interfacing with end customers. EFI is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production

Page 3 of 4

workflow suite that transforms and streamlines the entire production process,
increasing your competitiveness and boosting productivity.

T/R Systems, Inc.

Sales Development Manager

2002 - 2003 (1 year)

Norcross

T/R Systems provides the printing and publishing industry with an integrated
software suite that transforms digital copiers and printers into powerful,
scalable print-on-demand systems. Our solutions turn complex document
production tasks into efficient automated business processes. T/R Systems'
solutions are used by a broad spectrum of customers, including corporations,
colleges and universities, facilities managers and print-for-pay service
providers. Despite the seemingly different requirements of each of these
groups, the one constant is their desire to provide effective and efficient
document production services to their customers.

## Education

Georgia State University - J. Mack Robinson College of Business

BBA, Management · (1981 - 1984)

Page 4 of 4

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

Contact

www.linkedin.com/in/davidpittinger
(LinkedIn)
www.ProCloudSaaS.com
(Company)

Top Skills

Information Security
Account Management
Business Alliances

# David Pittinger

Delivering the best experiences for internal employees and customers by aligning teams with objectives, technology and processes to deliver innovative results with exceptional business and customer value.

Greater Chicago Area

## Summary

Over the past 15+ years, I have acquired extensive experience in leveraging expertise in enterprise architecture and project management along with strong analytical and problem-solving skills to lead the end-to-end implementation of complex, tailored solutions in collaboration with strategic and channel partners and ultimately creating business value for customers.

I'm excited to put my expertise to work with Pro Cloud SaaS leading high-performing sales engineering teams, professional services, engaging cross-functionally across the project life cycle, and providing close, consultative support to clients to enable prompt issue resolution and maximum business value.

## Experience

Pro Cloud SaaS

1 year 9 months

Chief Technology Officer

March 2022 - Present (1 year)

Rio Verde, Arizona, United States

Managing Director of Professional Services

June 2021 - Present (1 year 9 months)

Greater Indianapolis

The Pro Cloud SaaS team specializes in making our customers the hero on their journey to the security and simplicity of the cloud. With years of experience across all verticals, we are a trusted partner that provides expertise on the latest True SaaS Platforms for seamless migrations and ongoing management with the most recognized SaaS providers on the plane. Our agile Pro Services engineers are fully certified by our Eco-Partners and specialize in diverse deployments from small businesses to global organizations.

Page 1 of 3

Pro Cloud SaaS has operations in Australia, Brussels, India, Mexico, Nigeria, Qatar, the United Kingdom, the United States, and Zambia. We provide you with follow-the-sun support for your SaaS platforms.

#### Managing Director of Professional Services

June 2021 - Present (1 year 9 months)

Greater Indianapolis

#### CobilConnect

##### Principal Consultant

September 2019 - May 2021 (1 year 9 months)

Greater Chicago Area

CobilConnect provides sales, professional services and sales engineering consulting services to maximize opportunities and selling. We help organizations to build, expand and refine their software selling process and coupled with an efficient professional services methodology.

#### PrinterLogic

##### Director of Systems Engineering

January 2018 - September 2019 (1 year 9 months)

St. George Utah

Helping IT professionals eliminate print servers, reduce costs and simplify management with cloud managed printing infrastructure.

#### Nuance Communications

##### Director Technical Services

2009 - December 2017 (8 years)

Leader and mentor of professional sales engineering team.

#### Village of Woodridge

##### Village Board Member

April 2007 - July 2013 (6 years 4 months)

Woodridge, IL

Proudly served the people of Woodridge Illinois as a member of the board. Worked with the mayor, board, and administrative team to provide a safe community and efficient high quality services for residents.

#### eCopy

7 years 6 months

#### Director of Technical Services

Page 2 of 3

April 2006 - September 2009 (3 years 6 months)

#### Sales Engineer

April 2002 - September 2006 (4 years 6 months)

Central Region US

Regional Engineer supporting sales team in the Central region for all aspects of the sales cycle to guarantee customer success.

#### Moore Wallace

##### Systems Analyst

April 2000 - December 2001 (1 year 9 months)

Consultative technical sales support for data merge, print on demand, and custom printing solutions

#### Xerox

##### Technical Manager Strategic Outsourcing

November 1989 - April 2000 (10 years 6 months)

## Education

#### Benedictine University

computer science, computer · (1992 - 1996)

Page 3 of 3

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

Contact

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

Certifications

G Suite Fundamentals for Sales
Credential

Google Cloud Sales Credential

Honors-Awards

AiQual Technology Prize - Award for
Innovative-Related Venture

Best PropTech Project, Product or
Pivot

# Jake Hannan

Cyber Security | Cloud Migrations | SaaS | Cloud-Based Video
Surveillance at Pro Cloud SaaS
Sydney, New South Wales, Australia

## Experience

Pro Cloud SaaS

Sales Director - APAC

2021 - Present (2 years)

Sydney, New South Wales, Australia

Growing the Cybersecurity and Managed Services business units at Pro Cloud
SaaS in the APAC region.

Pro Cloud SaaS is a global technology services provider specializing in
cybersecurity, cloud migrations, identity management, smart building access/
security, eliminating technical infrastructure and cloud-strategy consulting.

We are your trusted partner providing you with the solutions and expertise on
the latest SaaS platforms allowing for seamless implementations and ongoing
management and support. Our motto is simple, we make our customers the
hero on their journey to the security and simplicity of the cloud.

Pro Cloud SaaS partners with the most recognized SaaS and technology
vendors and consumers on the planet.

Our award-winning sales and technical teams are fully certified by our vendors
and specialize in diverse consulting and deployments from small businesses
through to global Fortune 500 organizations.

Pro Cloud SaaS provides worldwide coverage with follow-the-sun support for
your SaaS platforms so you can ensure that your technology is keeping your
organization secure 24/7. Our locations allow us to provide our customers with
local expertise while also utilizing our global reach to ensure you are getting
industry-leading solutions at the most competitive pricing.

Power2Motivate

Account Executive

March 2020 - September 2021 (1 year 7 months)

Sydney, New South Wales, Australia

Page 1 of 3

# Conexie

# Head of Sales

June 2019 - May 2021 (2 years)

Sydney, Australia

- Responsible for sales, business development and go-to-market strategy
- Prepare and present monthly reports concerning sales activities, expenses, budgets, and roadmap to the Board of Directors and investors
- Direct, plan and implement the company's growth and sales strategy to meet projected timelines ensuring the company remains profitable
- Directly involved with finding, pitching and closing new investors, both individual and VC firms
- Setting, managing and achieving KPI's across myself and sales team members

# PrintSolv Australia

# Business Development Manager

February 2016 - June 2019 (3 years 5 months)

Sydney, Australia

PrintSolv is a supplier of industry-leading software solutions to office technology dealers. Our solutions portfolio includes print management, cost recovery, document capture, business process optimisation, dealer marketing, and sustainability solutions. PrintSolv proudly serves all types of businesses throughout Asia Pacific, supporting more than 200 suppliers and resellers in the region.

As Business Development Manager, my role was focused on working with our customers and resellers across the APAC region, providing sales training, assisting in finding and scoping opportunities, building a sales pipeline across 7 different software solutions, and working alongside our technical team through project implementation to ensure delivery.

# ROI Print Manager

2 years 10 months

# Regional Sales Manager

January 2014 - January 2016 (2 years 1 month)

Scottsdale, Arizona

ROI Print Manager delivers a wealth of features designed to let you take control of your printers and MFPs no matter how large or how small your fleet. Its modular architecture means you only need to pay for the features you need, making it the best value-for-money print management and cost recovery

Page 2 of 3

software on the market. Our aggressive pricing models allow you to buy the software outright or incorporate it into your managed print services (MPS) program by spreading the cost over the term. For Resellers, ROI offers the most rewarding program in the industry as well as additional tools and services that make you more competitive.

#### Sales Executive

April 2013 - December 2013 (9 months)

Scottsdale, Arizona

#### MassMutual Arizona

##### Financial Services Professional

May 2012 - August 2013 (1 year 4 months)

MassMutual Arizona serves the wealth accumulation and protection needs of over 27,000 clients located throughout Arizona and parts of New Mexico, offering life insurance and protection products, retirement and investment services to help you meet your financial goals.

## Education

#### University of Technology Sydney

Master of Business Administration, Entrepreneurship (MBAe) · (2019 - 2020)

#### Arizona State University

Bachelor's degree, Business · (2011 - 2015)

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

Contact

www.linkedin.com/in/rj-hines-761b8422 (LinkedIn)

Top Skills

Leadership
Solution Selling
Sales Process

# RJ Hines

CXO, executive advisor, mentor and board member.

Parker, Colorado, United States

## Summary

Experienced Executive leader in Sales, Marketing, Client Services , Operations and B2B technology solutions.

A thoughtful,empowering leader by example who recruits, develops, motivates and retains accountable peak performing teams through a focus on positive , and supportive culture that encourages risk taking, innovation and continuous learning .

Strategic, innovative and process focused . Outstanding ability to develop new solutions, products and markets. Boost organizational efficiency , productivity and profitability through keen business and financial acumen.

Valued by top executives for accountability,transparency,integrity and authenticity.

## Experience

Pro Cloud SaaS

CXO/Executive Board Member/Advisor

September 2020 - Present (2 years 6 months)

Denver, Colorado, United States

Providing Operational , Sales and Marketing expertise for ProCloudSaaS a global cloud migration expert.

We specialize in helping our customers make the right choices as they continue their journey to the security and simplicity of the cloud. Pro Cloud SaaS is a trusted partner that offers expertise across the latest True SaaS Platforms for seamless deployment and ongoing management.

Our team works with the most recognised SaaS providers and SaaS consumers on the planet. Pro Cloud SaaS's Engineers are fully certified by our partners. Our agile Pro Services team can advise, design and assist to ensure your migration goals are successful.

Page 1 of 4

Strategically located in Australia, Chile, India, the United Kingdom and the United States to provide you with follow-the-sun support for your SaaS platforms.

#### T Enterprises Vision Graphics/A2Z Printing

##### Chief Marketing Officer

February 2019 - September 2020 (1 year 8 months)

Denver, Colorado, United States

#### Vision Graphics Inc.

##### Vice President of Sales & Marketing

February 2019 - May 2020 (1 year 4 months)

Denver

Leading teams of Sales, Client Services, Marketing and Business Intelligence experts. Vision is Strategically placed as a leader in the Tactile Marketing, Marketing Automation space combining data driven solutions, online marketing portals, state of the art print production, warehouse and fulfillment enabling our customers to refine and streamline their communications throughout the world.

#### Digital and Published Solutions, Red Book Solutions, a Hot Schedules Company

##### Senior Director, Client Support, Sales and Services.

May 2014 - March 2019 (4 years 11 months)

Denver Colorado

Supporting and Leading teams of Client Success, Account Management, Subject Matter Experts, Customer Care and Consultative Sales Executives to provide the best overall client experience in the Restaurant, Hospitality and Retail Space.

HotSchedules is a global mobile solutions company providing innovative technology for the restaurant, retail and hospitality industries. The company delivers a comprehensive suite of cloud-based software designed to automate operational challenges such as recruiting, training, scheduling, business intelligence, shift communication, labor and inventory management. Its world-class products HotSchedules is proud to serve more than 2 million users in over 110,000 locations across 26 countries. For more information visit: http://www.hotschedules.com.

#### Canon Solutions America

##### Managing Director/General Manager

November 2012 - May 2014 (1 year 7 months)

Page 2 of 4

Oregon/Washington/Northern California. BPC

Total P&L and day to day operational responsibilities for 5 branch operations in a 3 state region with a total staff reaching nearly 100 employees. Focused on cultural, client focused and process changes as well as integration. Organizing a strategic approach to grow the business and achieve business results. Vertical market and up market focus in major markets.

### Ricoh USA

Managing Director

April 2010 - January 2013 (2 years 10 months)

Minneapolis MN

Led a team of 10 managers with over 100 sales representatives including 4 branch operations in a top 15 US market. Led multiple phases of sales and operations restructuring and reorganization in 2011. Re-energized sales performance, rebuilt morale and excellent client service support through diligent P&L, process and strategic management.

### Gradient Analytics

Chief Operating Officer

June 2004 - March 2010 (5 years 10 months)

Phoenix AZ

Succeeded in executing global expansion growth objectives including opening of London UK office and market penetration into western Europe. Led the design market launch and implementation of 6 product/services deliverables to support both domestic and international market expansion. Complete P&L responsibilities throughout tenure. Reorganized Sales, Client Services and analyst and financial engineering teams to maximize productivity. Served as Strategic Client Sales leader in developing premier accounts.

### IKON Office Solutions

Vice President/Director

September 1991 - June 2004 (12 years 10 months)

various

Responsible for a business plan exceeding 250 million dollars annually encompassing 8 states and 5 major markets in the western US.

Provided strategic insight, process improvement and strategic account support to market place leaders 7 marketplace VPs and over 50 sales managers.

## Education

Page 3 of 4

University of Denver  
Mass Communication/Media Studies

Page 4 of 4

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

Contact

www.linkedin.com/in/shane-hannan
(LinkedIn)
howtobicycleacrossamerica.com/
(Personal)

Top Skills

Managed Print Services
Networking
Strategy

Certifications

Okta Sales Fundamentals
Google Certificate - G Suite Sales
Fundamentals Exam
Google Certificate - G Suite Products
and SKUs
Google Certificate - Productive
Meeting Experiences
AWS Business Professional

Publications

How To Bicycle Across America

# Shane Hannan

CEO & Founder at Pro Cloud SaaS
Rio Verde, Arizona, United States

Experience

Pro Cloud SaaS
CEO and Founder
May 2020 - Present (2 years 10 months)
Arizona, United States

We provide organizations with Professional Cloud First Platforms that are
True Software as a Service. Key goals: Reducing IT Burden - Eliminating
Infrastructure - Zero Trust Networking - Identity Management - Seamless
Migrations - Mobility - Secure Printing - Guest & Mobile Printing.

With years of experience across all verticals, we are a trusted partner that
provides you the expertise on the latest True SaaS Platforms for seamless
migrations and ongoing management.

Pro Cloud SaaS partners with the most recognized SaaS providers and SaaS
consumers on the planet.

Our agile Pro Services Engineers are fully certified by our Eco-Partners
and specialize in diverse deployments from small businesses to global
organizations.

Pro Cloud SaaS has operations in Australia, Brussels, India, Mexico, Nigeria,
Qatar, the United Kingdom, the United States, and Zambia. We provide you
with follow-the-sun support for your SaaS platforms.

www.procloudsaas.com

How to Bicycle Across America
Adventurer, Published Author
June 2018 - Present (4 years 9 months)
www.shane.hannan.com

The Book:

How to Bicycle Across America is a solo tour of the southern United States,
over 2,800 miles from the Pacific to the Atlantic Ocean, taking 32 riding
days to complete. The journey was broken into five stages over five years.
Flying in and out of each start and finish point, then cycling five to seven days

Page 1 of 3

to complete a section ranging from 450 to 700 miles. The book is a “how-to-guide” that covers all the details - equipment used, training, maps and elevation charts. Be inspired to maybe start your own adventure.

The Route:

San Diego to Phoenix - 437 miles/703 kilometers - 6 days

Phoenix to El Paso - 430 miles/692 kilometers - 5 days

El Paso to San Antonio - 619 miles/966 kilometers - 7 days

San Antonio to New Orleans - 653 miles/1,051 kilometers - 7 days

New Orleans to St Augustine - 681 miles/1,096 kilometers - 7 day

www.howtobicycleacrossamerica.com

Kissin’ Kate Western Wear

Non Executive Board Member

February 2019 - Present (4 years 1 month)

Scottsdale, Arizona

Handcrafted Western Wear -

Committed to quality & originality Kissin’ Kate’s western accessories. Each product is uniquely handcrafted. All work is original and produced with quality materials, in order to maintain a fair price point for customers who want top products. Kate opened a small business in 2018, to sell all her handmade western accessories, and share her love for the cowgirl culture with others.

https://kissinkate.com/shop?olsPage=products

PrinterLogic

Managing Director - APAC Region at PrinterLogic

January 2019 - May 2020 (1 year 5 months)

Sydney, New South Wales, Australia

PrinterLogic helps IT professionals eliminate all print servers with a centrally managed direct IP printing platform. SaaS or VA, PrinterLogic can create a highly available enterprise print architecture that empowers end-users with mobile printing, and secure printing.

ROI Print Manager

President

August 2003 - September 2018 (15 years 2 months)

United States

Page 2 of 3

Print Control Software has been creating innovative workflow solutions since 2003 that help to improve users' workflow with pull printing, mobile printing and access to print drivers. Effective user management and education ensure the most efficient utilization of a printer fleet and deliver substantial cost savings.

## IKON Office Solutions

### Product Marketing Manager

1998 - 2003 (5 years)

United States

Responsible for delivering corporate marketing programs and initiatives to branch offices throughout the western United States. Engaging senior leaders, operations, and sales, to introduce value-added solutions and services to help differentiated offering.

Introducing key vendor partners to field operations and sales departments. Organizing and conducting product training evenings in branch offices, attending technology shows and presenting value propositions. Aligned to corporate goals and sales targets. Reporting directly to VP of Product Marketing.

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

DocuSign Envelope ID: F919376C-F660-4B5D-A4CD-D7AEC861F8C5

# AMENDED AND RESTATED OPERATING AGREEMENT

OF

PRO CLOUD SAAS, LLC

This AMENDED AND RESTATED OPERATING AGREEMENT (as amended from time to time, this “Agreement”) of PRO CLOUD SAAS, LLC, an Arizona limited liability company (the “Company”), is entered into effective as of January 18, 2023 by Have A Go Press, LLC, an Arizona limited liability company, as the sole member (the “Sole Member”).

# BACKGROUND

A. On May 28, 2020, the Articles of Organization of the Company (as may be amended from time to time, the “Articles”) were filed with the State of Arizona, thereby forming the Company as a limited liability company pursuant to and in accordance with the Arizona Limited Liability Company Act (as amended from time to time, the “Act”).

B. As set forth in the Articles, Shane Hannan (the “Original Member”) is the sole member of the Company.

C. On the date hereof, the Original Member and the Sole Member have entered into an Equity Contribution and Exchange Agreement, pursuant to which the Original Member has transferred all of his membership interests in the Company to the Sole Member.

D. The Sole Member desires to amend and restated the Original Agreement in its entirety as set forth herein.

# AGREEMENT

NOW, THEREFORE, the Sole Member, intending to be legally bound, hereby agrees that the Original Agreement is amended and restated in its entirety as follows.

1. Name. The name of the limited liability company is Pro Cloud SaaS, LLC. The Sole Member may change the name of the Company from time to time.

2. Purpose and Powers. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act and engaging in any and all activities necessary or incidental to the foregoing.

3. Registered Office and Agent. The registered office and registered agent of the Company shall be as set forth in the Articles or as otherwise determined from time to time by the Sole Member.

4. Member. The name and address of the Sole Member is Have A Go Press, LLC, 17105 E Wildcat Dr., Rio Verde, AZ, 85263. The Sole Member is hereby admitted to the Company as a member upon its execution of this Agreement.

DocuSign Envelope ID: F919376C-F660-4B5D-A4CD-D7AEC861F8C5

# 5. Management.

(a) The business and affairs of the Company shall be managed by the Sole Member. The Sole Member shall have the power and authority to do any and all acts necessary or convenient to or for the furtherance of the purposes described herein, including all powers and authorities, statutory or otherwise, possessed by members of limited liability companies formed under the Act. In connection with the foregoing, the Sole Member is hereby authorized and empowered to act through the Company's officers and employees and other persons designated by the Sole Member in carrying out any and all of the Sole Member's powers and authorities under this Agreement, and to delegate any and all of the powers and authorities that the Sole Member possesses under this Agreement to any of the Company's officers and employees and to any other person designated by the Sole Member. Any delegation pursuant to this Section may be revoked at any time by the Sole Member.

(b) Subject to the provisions of the Act and to the decisions and orders of the Sole Member, the day-to-day affairs of the Company will be conducted by the officers of the Company. The officers will be agents of the Company authorized to manage the day-to-day operations, business and activities of the Company. The officers of the Company shall exercise such powers and perform such duties as are customarily associated with such offices in Arizona business organizations or as shall be otherwise determined from time to time by the Sole Member. None of the officers of the Company need be a member. Two or more offices may be held by the same person. The Sole Member may remove any officer so appointed at any time, with or without cause, in its absolute discretion. If any office shall become vacant as a result of the death, resignation or removal of an officer, the Sole Member, in its sole discretion, may appoint a replacement officer.

(c) The initial officers of the Company shall be Shane Hannan, who shall serve as President and Chief Executive Officer.

6. Capital Contributions. Except to the extent required under the Act, the Sole Member shall not be required to make any additional contributions to the capital of the Company.

7. Allocation of Profits and Losses. The Company's profits and losses shall be allocated to the Sole Member.

8. Distributions. Distributions shall be made to the Sole Member at the times and in the aggregate amounts determined at the discretion of the Sole Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make any distribution to the Sole Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.

9. Admission of Additional Members. One or more additional members of the Company may be admitted to the Company as a member of the Company with the consent of the Sole Member and upon such person's or entity's execution of a counterpart to this Agreement.

10. Dissolution. The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (a) the notice of the Sole Member; (b) the bankruptcy or dissolution of the Sole Member; or (c) the entry of a decree of judicial dissolution under Section 702 of the Act.

11. Limitation on Liability. Except as otherwise provided in 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. None of the Sole Member or any officers, employees, members or agents of the Sole Member or the Company shall be obligated personally for any debt, obligation or

-2-

DocuSign Envelope ID: F919376C-F660-4B5D-A4CD-D7AEC861F8C5

liability of the Company solely by reason of the fact that he, she or it (a) is or was the Sole Member or an officer, employee, member or agent of the Sole Member or the Company, or (b) is or was serving at the request of the Company as a director, officer, partner, venturer, trustee, employee, member, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise. The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under the Act or this Agreement shall not be grounds for imposing personal liability on the Sole Member or any officers, employees, members, or agents of the Sole Member or the Company, for any liabilities of the Company.

12. Indemnification. The Company shall indemnify and hold harmless the Sole Member and any officers, employees, members, or agents of the Sole Member or the Company (individually, in each case, an "Indemnitee"), to the fullest extent permitted by law from and against any and all losses, claims, demands, costs, damages, liabilities (joint or several), expenses of any nature (including attorneys' fees and disbursements), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, whether threatened, pending or completed and whether civil, criminal, administrative, arbitrative or investigative, including without limitation, any appeal to any such claim, demand, action, suit or proceeding and any inquiry or investigation that could lead to such claim, demand, action, suit or proceeding, arising out of or incidental to the business or activities of or relating to the Company and in which any such Indemnitee may be, or may have been, involved, or threatened to be involved, as a party or otherwise, by reason of the fact that he, she or it (a) is or was the Sole Member or an officer, employee, member, or agent of the Sole Member or the Company, or (b) is or was serving at the request of the Company as a director, officer, partner, venturer, trustee, employee, member, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise, to the fullest extent permitted under the Act, as the same exists or may hereafter be amended, regardless of whether the Indemnitee continues to be the Sole Member or an officer, employee, member, or agent of the Sole Member or the Company, at the time any such liability or expense is paid or incurred; provided, however, that this provision shall not eliminate or limit the liability of an Indemnitee for acts or omissions which involve willful misconduct, fraud or gross negligence. Any right of an Indemnitee under this Section 12 shall be a contract right and as such shall run to the benefit of such Indemnitee. Any repeal or amendment to this Section 12 shall be prospective only and shall not limit the rights of any such Indemnitee, or the obligations of the Company, with respect to any claim arising from or related to the status or the services of such Indemnitee in any of the foregoing capacities prior to any such repeal or amendment to this Section 12. The rights conferred above shall not be exclusive of any other right which any Indemnitee may have or hereafter acquire under any statute, resolution, agreement or otherwise.

13. Fiscal Year. The fiscal year of the Company for financial, accounting, and federal, state and local income tax purposes shall initially be the calendar year. The Sole Member may, in its sole discretion, change the fiscal year.

14. Governing Law. This Agreement shall be governed by and interpreted, construed and enforced in accordance with the laws of the State of Arizona without regard to principles of conflict of laws that might cause the law of another jurisdiction to apply.

15. Severability. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted.

16. Amendments. The terms and provisions of this Agreement may be modified or amended at any time and from time to time with the written consent of the Sole Member.

-3-

DocuSign Envelope ID: F919376C-F660-4B5D-A4CD-D7AEC861F8C5

IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed this Amended and Restated Operating Agreement as of the date and year first written above.

Have A Go Press, LLC

DocuSigned by:
By: Shane Hannan
Name: Shane Hannan
Title: Chief Executive Officer

Shane Hannan, the former owner of 100% interest in the Company hereby acknowledges and agrees that Have A Go Press, LLC. is now the sole member of the Company by virtue of the Equity Exchange Agreement.

DocuSigned by:
Shane Hannan
Date: 2023/11/07/2023
Shane Hannan

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

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** ProCloudSaaS, LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** AZ

**Date of Organization:** 05-19-2021

**Physical Address:** 17105 E Wildcat drive, Rio Verde, AZ, 85263

**Issuer Website:** http://www.procloudsaas.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:** Convertible Note

**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:** $500,000.00

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

### Annual Report Disclosure Requirements

**Current Number of Employees:** 12

**Total Assets (Most Recent Fiscal Year):** $5,201.00

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

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $3,201.00

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

**Accounts Receivable (Most Recent Fiscal Year):** $2,000.00

**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):** $0.00

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

**Revenues/Sales (Most Recent Fiscal Year):** $78,331.00

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

**Cost of Goods Sold (Most Recent Fiscal Year):** $27,157.00

**Cost of Goods Sold (Prior Fiscal Year):** $0.00

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

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

**Net Income (Most Recent Fiscal Year):** $4,701.00

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

**Jurisdictions Offered:**

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

### Signatures

**Issuer:** ProCloudSaaS, LLC

**Signature:** Brett Linn

**Title:** CFO - Chicago, Illinois

---

**Signature:** Jake Hannan

**Title:** Director of APAC

**Date:** 02-17-2023

---

**Signature:** Shane Hannan

**Title:** CEO

**Date:** 02-16-2023

---

**Signature:** Brett Linn

**Title:** CFO - Chicago, Illinois

**Date:** 02-16-2023