# EDGAR Filing Document

**Accession Number:** 0002050256
**File Stem:** 0001683168-25-004335
**Filing Date:** 2025-6
**Character Count:** 419633
**Document Hash:** f6480ace7b625dc944ad258b599d8a99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-25-004335.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0001683168-25-004335

**CONFORMED SUBMISSION TYPE**: 1-A/A

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ridepair Inc.
- **CENTRAL INDEX KEY:** 0002050256
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 1-A/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12555
- **FILM NUMBER:** 251033966

**BUSINESS ADDRESS:**
- **STREET 1:** 19448 LARODA LANE
- **CITY:** SANTA CLARITA
- **STATE:** CA
- **ZIP:** 91350
- **BUSINESS PHONE:** 818-770-5933

**MAIL ADDRESS:**
- **STREET 1:** 19448 LARODA LANE
- **CITY:** SANTA CLARITA
- **STATE:** CA
- **ZIP:** 91350

## Part

[**Table of Contents**](#a_001)

**PART II — INFORMATION REQUIRED IN OFFERING CIRCULAR**

 **Preliminary Offering Circular dated June 9, 2025**

**An Offering Statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted before the Offering Statement filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering Circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the Offering Statement in which such Final Offering Circular was filed may be obtained.**

**RidePair Inc.**

 **UP TO 55,000 SHARES OF SERIES B 10% CONVERTIBLE PREFERRED STOCK** <sup>1</sup>

 **UP TO 5,500 SHARES OF SERIES B 10% CONVERTIBLE PREFERRED STOCK (FOR PIK DIVIDENDS)**

 **UP TO 24,200,000 SHARES OF COMMON STOCK (FOR CONVERSION OF SHARES AND PIK DIVIDENDS)**

 **$1,000.00 PER SHARE FOR EACH SHARE OF SERIES B 10% CONVERTIBLE PREFERRED STOCK**

This is a public offering of securities of RidePair Inc., a Delaware corporation (the "Company"). We are offering up to 50,000 shares of our Series B 10% Convertible Preferred Stock, par value $0.0001 (the "Series B Preferred Stock"), at an offering price of $1,000 per share (the "Offered Shares") to investors ("Investors"). In addition, any Investor that invests at least $100,000 in the offering (the "Incentive Threshold"), will receive incentive shares (the "Incentive Shares") equal to their aggregate subscription amount multiplied by ten percent (10%). Accordingly, we may issue up to 5,000 Incentive Shares, assuming all Investors meet the Incentive Threshold. Each share of Series B Preferred Stock is initially convertible into such number of shares of the Company's common stock, par value $0.0001 per share ("Common Stock") equal to the stated value of such Offered Share ($1,000) divided by $2.50. Each share of Series B Preferred Stock will pay a 10% annual dividend ("Dividends"). Dividends for the period commencing on each applicable closing date through July 15, 2026, will be paid in shares of Series B Preferred Stock ("PIK Dividends"). Any PIK Dividends resulting in fractional shares will be settled in cash. Assuming the full subscription of this offering to Investors and that all Investors reach the Incentive Threshold, approximately 5,500 shares of Series B Preferred Stock will be issued as PIK Dividends through July 15, 2026, assuming only one closing occurs on July 15, 2025.

We are conducting this offering on a best efforts basis which means our officers will use their commercially reasonable best efforts in an attempt to offer and sell the Offered Shares. Our officers will not receive any commission or any other remuneration for these sales. In offering the securities on our behalf, the officers will rely on the safe harbor from broker-dealer registration set out in Rule 3a4-1 under the Securities Exchange Act of 1934, as amended. We anticipate the offering will have multiple closings, on the first day of each month, subject to management's discretion to have additional closings. Since there is no minimum offering amount, the Company may immediately deposit the proceeds from accepted subscription agreements into the Company's bank account, and may use such proceeds in accordance with the Use of Proceeds.

This offering statement also relates to the issuance of up to 24,200,000 shares of Common Stock, issuable upon conversion of the: (i) 50,000 Offered Shares (convertible into 20,000,000 shares of Common Stock): (ii) 5,000 Incentive Shares (assuming all Investors meet the Incentive Threshold) (convertible into 2,000,000 shares of Common Stock) and (iii) 5,500 PIK Dividend shares (convertible into 2,200,000 shares of Common Stock).

This offering will terminate on the earlier of (a) twelve (12) months from the date this Offering Circular is qualified for sale by the Securities Exchange Commission ("SEC") (which date may be extended for an additional 90 days in our sole discretion); (b) the date when all Offered Shares have been sold; or (c) the date on which this offering is earlier terminated by us, in our sole discretion. The minimum purchase requirement per Investor is one (1) Offered Share ($1,000).

Our offices are located at 2617 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405, Phone: 818-770-5933, Email: <u>investor@ridepair.io.</u> We maintain a website at http://www.ridepair.io. We do not incorporate the information on or accessible through our website into this Offering Circular, and you should not consider any information on, or that can be accessed through, our website as a part of this Offering Circular.

 **These securities are speculative securities. Investment in the Company's capital stock involves significant risk. You should purchase these securities only if you can afford a complete loss of your investment. See the "<u>[Risk Factors](#a_010)</u>" section beginning on page 5 of this Offering Circular.**

 **No Escrow to Close**

Subscriptions are irrevocable and the purchase price is non-refundable as expressly stated in this Offering Circular. Except for depositing 10% of the proceeds from this offering into an escrow account as a contingency to make the payments for cash Dividends. All other proceeds received by the Company from subscribers for this offering will be available for use by the Company upon acceptance of subscriptions for the securities by the Company.

The sale of these shares will commence within two calendar days of the qualification date and it will be a continuous offering pursuant to Rule 251(d)(3)(i)(F). Pursuant to the securities purchase agreement for the Offered Shares, the Company may complete multiple closings based upon management's discretion.

In accordance with the requirements of Tier 2 of Regulation A+, we will be required to publicly file annual, semi-annual, and current event reports with the SEC after the qualification of the offering statement of which this Offering Circular is a part.

This Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the laws of any such state.

As of the date of this Offering Circular, there is no trading market for any of our securities, and we cannot assure you that a trading market will develop. We have not applied to list our securities on any national securities exchange.

**Investing in our Series B Preferred Stock and Common Stock involves a high degree of risk. See "[Risk Factors](#a_010)" beginning on page 7 for a discussion of certain risks that you should consider in connection with an investment in our Preferred Stock and Common Stock.**

---

| | | |
|:---|:---|:---|
|  | **Price to <br> Public** | **Proceeds to <br> Issuer** |
| Public Offering Price per Offered Share (1)(2) | $1000 | $50000000 |
| Incentive Shares to Investors meeting the Incentive Threshold (1)(2) | $– | $– |
| Common Stock Issuable upon Conversion of Offered Shares (21,000,000 shares) (3) | $– | $– |
| Shares of Series B Preferred Stock Issued as PIK Dividends (5,250 shares) (3) | $– | $– |
| Common Stock Issuable upon Conversion of PIK Dividend shares (2,100,000 shares) (3) | $– | $– |
| Underwriting Discounts and Commissions (4) | $– | $– |
| Proceeds to Company (5) | $1000 | $50000000 |

---

(1) We are offering shares on a continuous basis. We are offering up to 50,000 shares of Series B Preferred Stock, plus up to 5,000 additional shares of Series B Preferred Stock as Incentive Shares for Investors purchasing more than $100,000 in this offering. An investor receiving Incentive Shares will effectively receive a discount to the price per Offered Share. The Price per share to the public does not include the effective discount that would result from the issuance of any Incentive Shares, as applicable, See "[Plan of Distribution](#a_013)" for further details.

(2) This is a "best-efforts" offering. We will place 10% of the gross proceeds received from this offering into an escrow account, as a contingency to make the payments to the holders of the Series B Preferred Stock for any cash Dividends (Dividends are paid in cash beginning on July 15, 2026). Except for such escrowed proceeds to pay cash Dividends, all other proceeds shall immediately be deposited into the bank account of the Company and the Company may use such proceeds in accordance with the Use of Proceeds.

(3) No additional consideration will be paid in connection with the issuance of shares of Common Stock issued upon conversion of the Offered Shares, Incentive Shares, or PIK Dividend shares.

(4) We are offering these securities without an underwriter.

(5) Excludes estimated total offering expenses and the escrowed funds described in Footnote 2 above.

Our Board of Directors used its business judgment in setting a value of $1,000 per share of Series B Preferred Stock as consideration for the stock to be issued under the offering. The sales price per share bears no relationship to our book value or any other measure of our current value or worth.

 **<u>NON-ACCREDITED INVESTOR LIMITATIONS</u>**

**No sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or your net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.** 

 **<u>NOTICE TO FOREIGN INVESTORS</u>**

 **IF THE INVESTOR LIVES OUTSIDE OF THE UNITED STATES, IT IS THE INVESTOR'S RESPONSIBILITY TO FULLY OBSERVE THE LAWS OF ANY RELEVANT TERRITORY OR JURISDICTION OUTSIDE THE UNITED STATES IN CONNECTION WITH ANY PURCHASE OF THE SECURITIES, INCLUDING OBTAINING REQUIRED GOVERNMENTAL OR OTHER CONSENTS OR OBSERVING ANY OTHER REQUIRED LEGAL OR OTHER FORMALITIES. THE COMPANY RESERVES THE RIGHT TO DENY THE PURCHASE OF THE SECURITIES BY ANY FOREIGN INVESTOR.**

**THE U.S. SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SOLICITATION MATERIALS. THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES OFFERED ARE EXEMPT FROM REGISTRATION.**

 **The date of this Offering Circular is June 9, 2025.**

______________

<sup>1</sup> Includes up to 5,000 Incentive Shares.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page** |
| [CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS](#a_007) | 1 |
| [SUMMARY](#a_008) | 3 |
| [THE OFFERING](#a_009) | 5 |
| [RISK FACTORS](#a_010) | 7 |
| [USE OF PROCEEDS](#a_011) | 18 |
| [DILUTION](#a_012) | 20 |
| [DISTRIBUTION](#a_013) | 23 |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#a_014) | 26 |
| [BUSINESS](#a_015) | 31 |
| [MANAGEMENT](#a_016) | 34 |
| [EXECUTIVE COMPENSATION](#a_017) | 36 |
| [CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS](#a_018) | 39 |
| [PRINCIPAL STOCKHOLDERS](#a_019) | 40 |
| [SECURITIES OFFERED](#a_022) | 42 |
| [DESCRIPTION OF SECURITIES](#a_023) | 42 |
| [DIVIDEND POLICY](#a_025) | 46 |
| [SHARES ELIGIBLE FOR FUTURE SALE](#a_026) | 47 |
| [LEGAL MATTERS](#a_027) | 48 |
| [EXPERTS](#a_028) | 48 |
| [WHERE YOU CAN FIND MORE INFORMATION](#a_029) | 48 |
| [INDEX TO FINANCIAL STATEMENTS](#a_030) | F-1 |

---

We are offering to sell, and seeking offers to buy, our securities only in jurisdictions where such offers and sales are permitted. You should rely only on the information contained in this Offering Circular. We have not authorized anyone to provide you with any information other than the information contained in this Offering Circular. The information contained in this Offering Circular is accurate only as of its date, regardless of the time of its delivery or of any sale or delivery of our securities. Neither the delivery of this Offering Circular nor any sale or delivery of our securities shall, under any circumstances, imply that there has been no change in our affairs since the date of this Offering Circular. This Offering Circular will be updated and made available for delivery to the extent required by the federal securities laws.

In this Offering Circular, unless the context indicates otherwise, references to "RidePair," "we," the "Company," "our" and "us" refer to the activities of and the assets and liabilities of the business and operations of RidePair Inc.

i

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

Some of the statements under "[Summary](#a_008)", "[Risk Factors](#a_010)", "[Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_014)", "[Business](#a_015)" and elsewhere in this Offering Circular constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar matters that are not historical facts. In some cases, you can identify forward-looking statements by terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "potential", "should", "will" and "would" or the negatives of these terms or other comparable terminology.

You should not place undue reliance on forward-looking statements. The cautionary statements set forth in this Offering Circular, including in "[Risk Factors](#a_010)" and elsewhere, identify important factors which you should consider in evaluating our forward-looking statements. These factors include, among other things, may include statements about our:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· business strategy;

· our ability to successfully compete in highly
 competitive markets;

· our expectations regarding financial performance,
 including but not limited to revenue, achieving or maintaining profitability, ability to generate or maintain positive cashflow and other results of operations;

· our expectations regarding future operating
 performance, including but not limited to our expectations regarding future Trips, Revenue share, and Gross Margin;

· our expectations regarding our competitors'
 use of incentives and promotions, our competitors' ability to raise capital, and the effects of such incentives and promotions
 on our growth and results of operations;

· our anticipated investments in new products and
 offerings, and the effect of these investments on our results of operations;

· our anticipated capital expenditures and our estimates
 regarding our capital requirements;

· our ability to close and integrate acquisitions
 into our operations;

· anticipated technology trends and developments
 and our ability to address those trends and developments with our products and offerings;

· the size of our addressable markets, market share,
 category positions, and market trends, including our ability to grow our business in the countries we have identified as expansion
 markets;

· our ability to identify, recruit, and retain skilled
 personnel, including key members of senior management;

· our ability to effectively manage our growth and
 maintain and improve our corporate culture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our expected growth in the number of platform
 users, and our ability to promote our brand and attract and retain platform users;

· our ability to maintain, protect, and enhance
 our intellectual property rights;

· our ability to successfully enter into new geographies,
 expand our presence in countries in which we are limited by regulatory restrictions, and manage our international expansion;

· our ability to successfully renew licenses to
 operate our business in certain jurisdictions;

· our ability to successfully respond to global
 economic conditions, including rising inflation and interest rates;

· the availability of capital to grow our business;

· our ability to meet the requirements of our existing
 debt;

· our ability to prevent disturbances, including
 cybersecurity incidents, to our information technology systems;

· our ability to comply with existing, modified,
 or new laws and regulations applying to our business; and

· our ability to implement, maintain, and improve
 our internal control over financial reporting.

Although the forward-looking statements in this Offering Circular are based on our beliefs, assumptions and expectations, taking into account all information currently available to us, we cannot guarantee future transactions, results, performance, achievements or outcomes. No assurance can be made to any investor by anyone that the expectations reflected in our forward-looking statements will be attained, or that deviations from them will not be material and adverse. We undertake no obligation, other than as maybe be required by law, to re-issue this Offering Circular or otherwise make public statements updating our forward-looking statements.

**MARKET AND INDUSTRY DATA**

This Offering Circular contains estimates, projections and other information concerning our industry, our business and the markets for our for ride sharing, including data regarding the estimated size of such markets. We obtained the industry, market and similar data set forth in this Offering Circular from our internal estimates and research and from academic and industry research, publications, surveys and studies conducted by third parties, including governmental agencies. In some cases, we do not expressly refer to the sources from which this data is derived. Information that is based on estimates, forecasts, projections, market research or similar methodologies is inherently subject to uncertainties and actual events or circumstances may differ materially from events and circumstances that are assumed in this information. While we believe our internal research is reliable, such research has not been verified by any third party.

**SUMMARY**

*This summary highlights selected information contained elsewhere in this Offering Circular. This summary is not complete and does not contain all the information that you should consider before deciding whether to invest in our Common Stock. You should carefully read the entire Offering Circular, including the risks associated with an investment in the company discussed in the "[Risk Factors](#a_010)" section of this Offering Circular, before making an investment decision. Some of the statements in this Offering Circular are forward-looking statements. See the section entitled "[Cautionary Statement Regarding Forward-Looking Statements](#a_007)."*

**Company Information**

RidePair Inc. ("the Company", "RidePair", "we" and "us") was incorporated under the laws of the State of Delaware on November 20, 2018 under the name of Bit Forge L.A. Inc. On August 20, 2020, the Company filed an Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware and changed the name of the corporation to RidePair Inc.

RidePair is a software company that has developed an app for coordinating, enabling and verifying ride sharing. This is not ride sharing such as Uber where the driver is essentially offering a taxi service, but true ride sharing in which everyone in the car is sharing the ride to go to a similar place – e.g. co-commuting to work with colleagues. Unlike taxi-like services which increase the number of cars on the road, true ride sharing has been shown to be one of the most effective means of reducing cars on the roads and thus reducing traffic, emissions and even reducing roadway maintenance. The issue has been verifying the ride sharing or co-commuting is actually occurring, which issue is solved by the Ridepair app.

Ridepair's office is located at 2617 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405, Phone: 818-770-5933, Email: <u>investor@ridepair.io.</u> We maintain a website at http://www.ridepair.io. We do not incorporate the information on or accessible through our website into this Offering Circular, and you should not consider any information on, or that can be accessed through, our website a part of this Offering Circular.

**Section 15(g) of the Securities Exchange Act of 1934**

Our shares are covered by section 15(g) of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchaser's written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market.

Section 15(g) also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one-page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as bid and offer quotes, a dealers spread and broker/dealer compensation; the broker/dealer compensation, the broker/dealers' duties to its customers, including the disclosures required by any other penny stock disclosure rules; the customers' rights and remedies in cases of fraud in penny stock transactions; and, the FINRA's toll free telephone number and the central number of the North American Securities Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons.

**Dividends**

The Company has not declared or paid a cash dividend to stockholders since it was organized and does not intend to pay dividends in the foreseeable future, except for the Dividends payable on the Series B Preferred Stock issued in this offering, to the extent legally permissible. Our board of directors presently intends to retain any earnings to finance our operations and does not expect to authorize cash dividends in the foreseeable future, except as required by the Dividends / return of capital on the Series B Preferred Stock. Any other payment of cash dividends in the future will depend upon the Company's earnings, capital requirements and other factors.

*Series B Preferred Stock Dividend Policy*

The Series B Preferred Stock will earn dividends at the rate of 10% per annum from issuance. For the periods commencing on each closing of this offering through July 15, 2026, Dividends will be paid through the issuance of additional shares of Series B Preferred Stock or PIK Dividends with any fractional share resulting therefrom, being paid in cash. Thereafter, from July 16, 2026 through July 15, 2030, all Dividends, to the extent legally permissible, will be paid in cash on January 15th, April 15th, July 15th and October 15th of each year. Such cash Dividends may be paid as a return of capital from the escrowed funds from this offering (See "Escrowed Funds" below) and then through the Company's profits, to the extent legally permissible under Delaware law.

 *Escrowed Funds*

The Company will deposit 10% of the proceeds from this Offering into an escrow account of the Company's choosing, as a contingency to make the cash Dividend payments (whether for cash payments for fractional shares for PIK Dividends or for required cash Dividends occurring after July 15, 2026 – See "Series B Preferred Stock Dividend Policy" above). The Company anticipates that it will have sufficient operating profits to make future cash Dividends, as required, but there can be no assurances that such operating profits are realized. In the event the Company does not have sufficient profits, it will use the escrowed funds as a return on capital as opposed to a dividend and the Series B Preferred Stock holders will be informed through the dividend statements accompanying the cash Dividends and with their tax statements that they are not receiving net profits, and that they should not assume that the source of these distributions are net profits. If Dividends are paid from operating profits, then the Company will move the escrowed capital to its operating account and use the capital for general working capital.

**Trading Market**

As of the date of this Offering Circular, there is no trading market for any of our securities, and we cannot assure you that a trading market will develop. We have not applied to list our securities on any national securities exchange.

**THE OFFERING**

---

| | |
|:---|:---|
| **Issuer:** | RidePair Inc. |
| **Securities offered:** | A maximum of (i) 50,000 shares of our Series B 10% Convertible Preferred Stock, par value $0.0001 ("Series B Preferred Stock") at an offering price of $1,000 per share (the "Offered Shares"), (ii) plus up to 5,000 incentive shares of Series B Preferred Stock ("Incentive Shares"). For each Investor purchasing more than $100,000 of Offered Shares (the "Incentive Threshold"), such Investor will receive such number of Incentive Shares equal to ten percent (10%) of the number of Offered Shares purchased (See "[Plan of Distribution.](#a_013)"). |
| **Conversion into Common Stock:** | Each share of Series B Preferred Stock, having a stated value of $1,000 per share, will initially convert into such number of shares of Common Stock as determined by dividing the stated value by $2.50 per share, subject to adjustment as set forth in the Certificate of Designation of Series B Preferred Stock. |
| **Number of shares of Series B Preferred Stock outstanding before the offering** | None. |
| **Number of shares of Series B Preferred Stock to be outstanding after the offering** | 55,000 shares, if the maximum amount of Offered Shares are sold and assuming all Investors meet the Incentive Threshold. Such number of shares does not include any PIK Dividend shares that will be issued subsequent to the closings through July 15, 2026. |
| **Number of shares of Common Stock outstanding before the offering** | 6,714,525 shares outstanding as of June 1, 2025. |
| **Number of shares of Series A Preferred Stock outstanding before the offering** | 3,000,000 shares outstanding as of June 1, 2025. |
| **Number of shares of Common Stock outstanding after conversion of all shares of Series A Preferred Stock** | 36714525 |
| **Number of shares of Common Stock outstanding after conversion of all shares of Series A and Series B Preferred Stock** | 58,714,525 shares (assuming the full sale of 50,000 Offered Shares and assuming further, all investors meet the Incentive Threshold for all Offered Shares). |
| **Number of shares of Common Stock outstanding after conversion of all shares of Series A and Series B Preferred Stock inclusive of Series B Preferred Stock issued for dividends** | 60,914,525 shares (assuming the full sale of 50,000 Offered Shares and assuming further, all Investors meet the Incentive Threshold for all Offered Shares, and further assuming a closing of the full subscription occurs on July 15, 2025). |

---

---

| | |
|:---|:---|
| **Price per share / Stated Value:** | $1000 |
| **Maximum offering amount:** | 50,000 shares at $1,000 per share, or $50,000,000, excluding any applicable Incentive Shares or PIK Dividend shares (See "[Plan of Distribution.](#a_013)"). |
| **Dividend Payments** | See *Description of Securities – Series B Preferred Stock* below. |
| **Trading Market:** | As of the date of this Offering Circular, there is no trading market for any of our securities, and we cannot assure you that a trading market will develop. We have not applied to list our securities on any national securities exchange. |
| **Use of proceeds:** | If we sell all of the Series B Preferred Stock being offered, our proceeds (excluding our estimated offering expenses and any escrowed funds to be used to return capital for the cash Dividends) will be $50,000,000. We will use the majority of the net proceeds for product advertising and marketing, software development, escrow for dividend payments, deferred compensation and working capital and other general corporate purposes. Please see "[Use of Proceeds](#a_011)" for further information. |
| **Risk factors:** | Investing in our Series B Preferred Stock involves a high degree of risk, including:<br>The Company is not yet profitable. <br>There will be immediate and substantial dilution to investors. <br>There is no market to sell the securities being purchased. <br>Our business is a competitive industry with competitors having greater financial resources. <br>We have a limited operating history. <br>There is doubt about our ability to continue as a going concern. <br>See "[Risk Factors](#a_010)" for a more complete discussion of the risks related to this offering and our business and financial condition.  |

---

**RISK FACTORS**

*An investment in our Series B 10% Convertible Preferred Stock and Common Stock involves a high degree of risk. You should carefully consider the following risk factors, together with the other information contained in this Offering Circular, before purchasing our Common Stock. Any of the following factors could harm our business, financial condition, results of operations or prospects, and could result in a partial or complete loss of your investment. Some statements in this Offering Circular, including statements in the following risk factors, constitute forward-looking statements. Please refer to the section entitled "[Cautionary Statement Regarding Forward-Looking Statements](#a_007)".*

 **Risks Related to this Offering and Our Preferred and Common Stock**

 ***There is no existing market for our Preferred or Common Stock and we cannot predict whether one will develop to provide you with adequate liquidity to sell our Preferred or Common Stock at prices equal to or greater than the price you paid in this offering.***

Prior to this offering, there has not been a public market for our Preferred or Common Stock and we have not applied to list or quote our securities on any market, exchange or interdealer quotation system. We cannot predict the extent to which investor interest in our company will lead to the development of an active trading market on the stock exchange on which we list our Common Stock or otherwise or how liquid that market might become. If an active trading market does not develop, you may have difficulty selling any of our common stock that you buy. The initial public offering price for the common stock will be determined by negotiations between us and the representatives of the underwriters and may not be indicative of prices that will prevail in the open market following this offering. Consequently, you may not be able to sell our common stock at prices equal to or greater than the price you paid in this offering, or at all.

 ***If our Securities becomes quoted, the market price of our Common Stock may fluctuate, and you could lose all or part of your investment.***

The offering price for our Series B Preferred Stock will be set by us based on a number of factors and may not be indicative of prices that would prevail on any national securities exchange or the OTC Markets if a market developed. If a market did develop, the value of our Common Stock could decline.

Our financial performance, our industry's overall performance, changing consumer preferences, technologies and advertiser requirements, government regulatory action, tax laws and market conditions in general could have a significant impact on the future price of our Common Stock. Some of the other factors that could negatively affect our share price or result in fluctuations in our share price if a market did develop, include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our operating and financial performance;

· quarterly variations in the rate of growth of our financial indicators, such as net income per share, net income and revenues;

· the public reaction to our press releases, our other public announcements and our filings with the SEC;

· strategic actions by our competitors;

· our failure to meet revenue, reserves or earnings estimates by research analysts or other investors;

· changes in revenue or earnings estimates, or changes in recommendations or withdrawal of research coverage, by equity research analysts;

· speculation in the press or investment community;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the failure of research analysts to cover our common stock;

· sales of our common stock by us, the selling stockholder or other stockholders, or the perception that such sales may occur;

· changes in accounting principles, policies, guidance, interpretations or standards;

· additions or departures of key management personnel;

· actions by our stockholders;

· general market conditions, including fluctuations in commodity prices;

· domestic and international economic, legal and regulatory factors unrelated to our performance; and

· the realization of any risks describes under this "Risk Factors" section.

The stock markets in general have experienced extreme volatility that has often been unrelated to the operating performance of particular companies. These broad market fluctuations may adversely affect the value of our Common Stock. Securities class action litigation has often been instituted against companies following periods of volatility in the overall market and in the market price of a company's securities. Such litigation, if instituted against us, could result in very substantial costs, divert our management's attention and resources and harm our business, operating results and financial condition.

 ***We do not expect to declare or pay dividends on our Common Stock in the foreseeable future.***

We do not expect to declare or pay dividends in the foreseeable future with the exception of the Dividends associated with our Series B Preferred Stock, as we anticipate that we will invest future earnings in the development and growth of our business. Therefore, holders of our Common Stock will not receive any return on their investment unless they sell their securities, and holders may be unable to sell their securities on favorable terms or at all.

 ***Because we do not have an audit or compensation committee, shareholders will have to rely on our directors, none of whom are independent, to perform these functions.***

We do not have an audit or compensation committee comprised of an independent director. Indeed, we do not have any audit or compensation committee. The Board of Directors performs these functions as a whole. No members of the Board of Directors are independent. Thus, there is a potential conflict in that board members who are also part of management will participate in discussions concerning management compensation and audit issues that may affect management decisions.

 ***Because we lack certain internal controls over financial reporting in that we do not have an audit committee and our Board of Directors has no technical knowledge of U.S. GAAP and internal control of financial reporting and relies upon the Company's financial personnel to advise the Board on such matters, we are subject to increased risk related to financial statement disclosures.***

We lack certain internal controls over financial reporting in that we do not have an audit committee and our Board of Directors has no technical knowledge of generally accepted in the United States of America ("GAAP") and internal control of financial reporting and relies upon the Company's financial personnel to advise the Board on such matters. Accordingly, we are subject to increased risk related to financial statement disclosures.

 ***The preparation of our consolidated financial statements involves the use of estimates, judgments and assumptions, and our consolidated financial statements may be materially affected if such estimates, judgments or assumptions prove to be inaccurate.***

Financial statements prepared in accordance with accounting principles generally accepted in GAAP typically require the use of estimates, judgments and assumptions that affect the reported amounts. Often, different estimates, judgments and assumptions could reasonably be used that would have a material effect on such financial statements, and changes in these estimates, judgments and assumptions may occur from period to period over time. Significant areas of accounting requiring the application of management's judgment include, but are not limited to, determining the fair value of assets and the timing and amount of cash flows from assets. These estimates, judgments and assumptions are inherently uncertain and, if our estimates were to prove to be wrong, we would face the risk that charges to income or other financial statement changes or adjustments would be required. Any such charges or changes could harm our business, including our financial condition and results of operations and the price of our securities. See "[Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_014)" for a discussion of the accounting estimates, judgments and assumptions that we believe are the most critical to an understanding of our consolidated financial statements and our business.

 ***Our management has broad discretion as to the use of certain of the net proceeds from this Offering.***

As described in the Use of Proceeds Section of this Offering Circular, we intend to use portions of the proceeds of this Offering to (i) pay accrued but unpaid salary owed to Deborah Kenney of $700,000, (ii) pay outstanding payables of up to $700,000, owed to vendors for products / services incurred in the ordinary course of business and (iii) $25,000 in outstanding unpaid salaries to other executive officers. Notwithstanding our payments to Deborah Kenney from the proceeds of this offering, after such payment of $700,000 (assuming we sell at least 50% of the Offered Shares) we will still owe Ms. Kenney an additional $149,800 in unpaid salary as of June 1, 2025. Additionally, a large portion of our net proceeds will be used for marketing and advertising. However, we cannot specify with certainty the particular uses of such proceeds. Our management will have broad discretion in the application of the net proceeds designated for use as working capital or for other general corporate purposes. Accordingly, you will have to rely upon the judgment of our management with respect to the use of these proceeds. Our management may spend a portion or all of the net proceeds from this Offering in ways that holders of our Preferred and Common Stock may not desire or that may not yield a significant return or any return at all. The failure by our management to apply these funds effectively could harm our business. Pending their use, we may also invest the net proceeds from this Offering in a manner that does not produce income or that loses value. Please see "[Use of Proceeds](#a_011)" below for more information.

 ***We may issue additional series of Preferred Stock whose terms could adversely affect the voting power or value of our Common Stock.***

Our certificate of incorporation authorizes us to issue, without the approval of our stockholders, one or more classes or series of preferred stock having such designations, preferences, limitations and relative rights, including preferences over our common stock respecting dividends and distributions, as our board of directors may determine. The terms of one or more classes or series of preferred stock could adversely impact the voting power or value of our common stock. For example, we might grant holders of preferred stock the right to elect some number of our directors in all events or on the happening of specified events or the right to veto specified transactions. Similarly, the repurchase or redemption rights or liquidation preferences we might assign to holders of preferred stock could affect the residual value of the common stock.

 ***By purchasing shares in this offering, an investor agrees to waive certain inspection rights set forth in Section 220 of the General Corporation Law of Delaware, which limits such investor's ability to obtain certain corporate information from us.***

 

Section 220 of the General Corporation Law of Delaware allows a stockholder of a company to inspect for any proper purpose, a company's stock ledger, list of stockholders, and other books and records and the books and records of a company's subsidiary in certain circumstances. By purchasing shares in this offering, investors agree to waive the inspection rights set forth in Section 220 of the General Corporation Law of Delaware. Despite our obligation to publicly file certain reports under Regulation A, such waiver will limit an investor's ability to obtain information from us for certain proper purposes under the General Corporation Law of Delaware, which may prevent or delay an investor from evaluating our business or such investor's investment in our securities.

 ***Because our Series A Preferred Stockholders currently and for the foreseeable future will continue to control RidePair, it is not likely that you will be able to elect directors or have any say in the policies of the Company***

  ****

Our shareholders are not entitled to cumulative voting rights. Consequently, the election of directors and all other matters requiring shareholder approval will be decided by either a plurality or majority vote. The holders of the Company's Series A Preferred Stock beneficially own, on an as converted basis, approximately 90% of the voting power eligible to vote on matters. Due to such significant ownership position, new investors may not be able to effect a change in our business or management. Our President and CEO, Deborah Kenney, owns 1,500,000 shares of Series A Preferred Stock convertible into 15,000,000 shares of Common Stock.

**Risks Relating to Our Financial Condition**

***We have incurred significant losses and anticipate future losses.***

 ****

As of September 30, 2024, we had an accumulated deficit of $5,246,069 and a stockholders' deficit of approximately $2,160,924. Future losses are likely to occur until, we are able to generate revenue from our business plan and the RidePair app. As a result of these, among other factors, we have included a footnote within the financial statements for the years ended September 30, 2024 and 2023, an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern. Please *see* [NOTE 2 – GOING CONCERN](#a2_note2) for further information.

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 ***We owe significant accrued salary to our Chief Executive Officer, which may impact her continued service and create financial and reputational risks to the Company.***

As of June 1, 2025, our Chief Executive Officer, Deborah Kenney, is owed an aggregate of $849,800 in accrued but unpaid salary. We intend to use up to $700,000 of the net proceeds from this offering (provided at least 50% of the Offered Shares are sold) to partially satisfy this obligation. (See "[Use of Proceeds](#a_011)" in this Offering Circular) Following such anticipated payment, we will continue to owe Ms. Kenney an additional $149,800 in unpaid compensation, which will not be paid with the proceeds from this offering. There is no assurance that Ms. Kenney will continue to provide services to the Company in the event that there is continued delay in payment of her full compensation. If Ms. Kenney were to resign or reduce her engagement due to this outstanding obligation, our operations, strategic direction, and ability to attract investors or key partners could be materially and adversely affected. Furthermore, our failure to pay accrued compensation may raise legal, accounting, and reputational concerns and may expose us to claims or liabilities under employment laws. We expect to attempt to satisfy the remaining balance of unpaid salary once we achieve sufficient profitability or raise additional capital. However, there can be no assurance as to when or whether we will be able to do so.

 ****

 ***We have significant indebtedness under a related-party revolving note, and we may not have the financial resources to repay it at maturity.***

As of June 1, 2025, we owe an aggregate of approximately $2,047,530, including accrued interest, under a Master Revolving Note dated October 11, 2021, entered into with Ridepair Programming, LLC, a related party. Peter D'Arruda, our Chief Marketing Officer, is the manager of Ridepair Programming, LLC and therefore has a material interest in the note.

The note bears interest at a rate of 10% per annum, payable at maturity. The note is secured by 3,000,000 shares of our Common Stock and matures on October 10, 2031. As of June 1, 2025, the Company has received advances totaling $1,764,500 under the note, and interest in the amount of $283,030 has accrued.

We do not intend to use proceeds from this offering to repay amounts outstanding under this note. Repayment will depend on our ability to generate sufficient future profits or obtain additional financing. There can be no assurance that we will achieve profitability or otherwise generate the cash flows necessary to repay the outstanding indebtedness at maturity. Failure to do so could result in the loss of our shares put up as collateral, and result in us still owing additional amounts on the note.

 **

***Our existing financial resources are insufficient to meet our ongoing operating expenses.***

 **

We have no sources of income at this time and no existing cash balances to meet our ongoing operating expenses. In the short term, unless we are able to raise additional debt and/or equity we shall be unable to meet our ongoing operating expenses. On a longer-term basis, we intend to raise debt and/or equity to meet our ongoing operating expenses for growth in return for shares of our common stock to create value for our shareholders. There can be no assurance that we will be able to raise the capital to fund our operations and growth.

***Management has expressed concerns about our ability to continue as a going concern.***

Management has expressed concern about our ability to continue as a going concern based on the absence of significant revenues, our significant losses from operations and our need for additional financing to fund all of our operations. It is not possible at this time for us to predict with assurance the potential success of our business. The revenue and income potential of our proposed business and operations are unknown. If we cannot continue as a viable entity, we may be unable to continue our operations and you may lose some or all of your investment in our common stock.

***We have limited operational history in an emerging industry, making it difficult to accurately predict and forecast business operation.***

As we have less than ten years of corporate operational history and have yet to generate any significant revenue under our business model, it is extremely difficult to make accurate predictions and forecasts on our finances. There is no guarantee that we will properly execute our business model in the transportation/ride share sector.

***As an early stage company, we have yet to achieve revenues, a profit and may not achieve a profit in the near future, if at all.***

We have not yet produced revenues nor a net profit and may not in the near future, if at all. While we expect our revenue to begin and grow in the near future, we have not achieved profitability and cannot be certain that we will be able to realize sufficient revenue to achieve profitability. Our ability to continue as a going concern may be dependent upon raising capital from financing transactions, increasing revenue throughout the year and keeping operating expenses below our revenue levels in order to achieve positive cash flows, none of which can be assured.

***We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.***

We intend to continue to make investments to support our business growth and may require additional funds to respond to business challenges, including the need to develop new features and products or enhance our existing products, improve our operating infrastructure or acquire complementary businesses and technologies. Accordingly, we may need to engage in continued equity or debt financings to secure additional funds. If we raise additional funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of our common stock. Any debt financing we secure in the future, could involve restrictive covenants relating to our capital raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business opportunities, including potential acquisitions. We may not be able to obtain additional financing on terms favorable to us, if at all. If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our ability to continue to support our business growth and to respond to business challenges could be impaired, and our business may be harmed.

***We expect our financial results to fluctuate.***

We expect our net sales and operating results to vary significantly due to a number of factors, including changes in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· demand for app from end-users;

· our ability to retain and to grow our contracts with the State of California Air Resources Board;

· our ability to reach potential users through efficient advertising and marketing;

· general economic conditions, both domestically and in foreign markets;

· our ability to bring advertising partners onto the platform so that
 we are not dependent solely on the State of California to be able to pay the users and so we can increase the amount that we pay
 to each user;

· our ability to expand to other metropolitan areas with the United States and abroad; and

· retaining key personnel.

As a result of the variability of these and other factors, our operating results in future quarters may be below the expectations of our stockholders.

**Risks Relating to Our Business and Industry**

***Our business requires substantial capital expenditures. We may be unable to obtain required capital or financing on satisfactory terms, which could lead to a decline in our advertising and marketing and thus a decrease in new user growth.***

 ****

To launch an app to end-users requires substantial capital – primarily in marketing and advertisings. We make and expect to continue to make substantial capital expenditures to attract end-users to our platform. We also plan to continue to make expenditures to continually improve our software and develop additional features within our app. Also, our business model relies on the ability to pay the end-users for ride sharing and co-commuting. We expect to fund our 2025 and 2026 capital expenditures with cash generated by operations and from the net proceeds of this offering. The actual amount and timing of our future capital expenditures may differ materially from our estimates as a result of, among other things, attracting advertisers to our app and, and regulatory, technological and competitive developments. We intend to finance our future capital expenditures primarily through cash flow from operations; however, our financing needs may require us to alter or increase our capitalization substantially through the issuance of debt or equity securities or the sale of assets. The issuance of additional indebtedness would require that a portion of our cash flow from operations be used for the payment of interest and principal on our indebtedness, thereby reducing our ability to use cash flow from operations to fund working capital, capital expenditures and acquisitions.

Our cash flow from operations and access to capital are subject to a number of variables, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our ability to roll out our app;

· the amount of advertising and marketing that will be needed to attract end-users to our app;

· our ability to interest advertisers and marketing companies to advertise
 on our app; and

· the levels of our operating expenses.

If additional capital is needed, we may not be able to obtain debt or equity financing on terms acceptable to us, if at all. If cash flow generated by our operations is not sufficient to meet our capital requirements, the failure to obtain additional financing could result in a curtailment of our operations relating to continued development of our app and advertising and marketing for new end-users, which in turn could lead to a decline in our revenues, and could adversely affect our business, financial condition and results of operations.

***Introducing and rolling out a new software app to consumers are high-risk activities with many uncertainties that could result in a total loss of investment or otherwise adversely affect our business, financial condition or results of operations.***

 ****

Our future financial condition and results of operations will depend on the success of our rollout activities including marketing and advertising, which are subject to numerous risks beyond our control, including the risk that consumers will not adapt our app, which will not result in a commercially viable business model.

Further, many factors may curtail, delay or cancel our scheduled rollout, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· delays imposed by or resulting from compliance with regulatory requirements;

· delays in moving our app from Beta to a full production product;

· shortages of or delays in keeping or obtaining qualified personnel in software programming or in product marketing;

· delays in expanding our contract with the State of California to
 other counties and municipalities within the State, assuming that we can expand it at all;

· lack of interested advertisers that want to advertise on our app;

· limited availability of financing at acceptable terms;

· increase in competition in which other ride share applications implement our business model of paying people to share their cars; and

· limited availability of financing at acceptable terms.

***Our initial rollout will be concentrated in Placer County California, making us vulnerable to risks associated with operating in one major geographic area.***

Our initial rollout will be geographically concentrated in Placer County California. As a result of this concentration, we may be disproportionately exposed to the impact of regional factors and preferences such as driving habits of the people from this area. These preferences might not be the same as potential end users from other areas. We might adapt our system for this end user base and it might not translate to other end users as we rollout our software to the rest of California, other US municipalities and even globally.

 **

 ****

 **

***We may be unable to make attractive acquisitions or successfully integrate acquired businesses, and any inability to do so may disrupt our business and hinder our ability to grow.***

Although there are no currently planned acquisitions or even potential targets, in the future we may make acquisitions of businesses that complement or expand our current business. We may not be able to identify attractive acquisition opportunities. Even if we do identify attractive acquisition opportunities, we may not be able to complete the acquisition or do so on commercially acceptable terms.

The success of any completed acquisition will depend on our ability to integrate effectively the acquired business into our existing operations. The process of integrating acquired businesses may involve unforeseen difficulties and may require a disproportionate amount of our managerial and financial resources. No assurance can be given that we will be able to identify additional suitable acquisition opportunities, negotiate acceptable terms, obtain financing for acquisitions on acceptable terms or successfully acquire identified targets. Our failure to achieve consolidation savings, to integrate the acquired businesses and assets into our existing operations successfully or to minimize any unforeseen operational difficulties could have a material adverse effect on our financial condition and results of operations.

***Competition in the ride share industry is intense.***

Although we believe that RidePair is substantially different from other ride share companies, many of our perceived competitors possess and employ financial, technical and personnel resources substantially greater than ours. Those companies may be able to shift their business plans and directly compete with us by offering to pay all riders and drivers for sharing a ride. In addition, other companies may be able to offer better compensation packages to attract and retain qualified personnel than we are able to offer. We may not be able to compete successfully in the future in attracting end users to our app, attracting and retaining quality personnel and raising additional capital, which could have a material adverse effect on our business.

***If we experience significant fluctuations in our rate of anticipated growth and fail to balance our expenses with our revenue forecasts, our results could be harmed.***

Due to the early stages of our business model, the unpredictability of new markets that we enter and unpredictability of future general economic and financial market conditions, we may not be able to accurately forecast our rate of growth. We plan our expense levels and investment on estimates of future revenue and future anticipated rate of growth. We may not be able to adjust our spending quickly enough if the addition of new subscriptions or the renewal rate for existing subscriptions falls short of our expectations.

As a result, we expect that our revenues, operating results and cash flows may fluctuate significantly on a quarterly basis. Our recent revenue growth rates may not be sustainable and may decline in the future. We believe that period-to-period comparisons of our revenues, operating results and cash flows may not be meaningful and should not be relied upon as an indication of future performance.

***If we acquire companies or technologies in the future, they could prove difficult to integrate, disrupt our business, dilute stockholder value and adversely affect our operating results and the value of your investment.***

Although it is not part of our current business strategy, we might in the future decide that it is prudent to evaluate acquisitions of complementary businesses, joint ventures, services and technologies. Acquisitions and investments involve numerous risks, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the potential failure to achieve the expected
 benefits of the combination or acquisition;

· difficulties in and the cost of integrating operations,
 technologies, services and personnel;

· diversion of financial and managerial resources
 from existing operations;

· risk of entering new markets in which we have
 little or no experience;

· potential write-offs of acquired assets or investments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· potential loss of key employees;

· inability to generate sufficient revenue to offset
 acquisition or investment costs;

· the inability to maintain relationships with customers
 and partners of the acquired business;

· potential unknown liabilities associated with
 the acquired businesses;

· unanticipated expenses related to the acquired
 technology and its integration into existing technology;

· negative impact to our results of operations because
 of the depreciation and amortization of amounts related to acquired intangible assets, fixed assets and deferred compensation, and
 the loss of acquired deferred revenue;

· delays in customer purchases due to uncertainty;

· the need to implement controls, procedures and
 policies appropriate for a public company at companies that prior to the acquisition lacked such controls, procedures and policies;
 and

· challenges caused by distance, language and cultural
 differences.

In addition, if we finance acquisitions by issuing additional convertible debt or equity securities, our existing stockholders may be diluted which could affect the market price of our stock. Further, if we fail to properly evaluate and execute acquisitions or investments, our business and prospects may be seriously harmed, and the value of your investment may decline.

***We are dependent on our management team and development and operations personnel, and the loss of one or more key employees or groups could harm our business and prevent us from implementing our business plan in a timely manner.***

Our success depends substantially upon the continued services of our executive officers and other key members of management, particularly our Chief Executive Officer. From time to time, there may be changes in our executive management team resulting from the hiring or departure of executives. Such changes in our executive management team may be disruptive to our business. We are also substantially dependent on the continued service of our existing development and operations personnel because of the complexity of our service and technologies. We only have an employment agreement with our Chief Executive Officer. As a result of this, other key management, development or operations personnel, could terminate their employment with us at any time. We do not maintain key person life insurance policies on any of our employees. The loss of one or more of our key employees or groups could seriously harm our business.

***Because competition for our target employees is intense, we may not be able to attract and retain the highly skilled employees we need to support our operations and increasing customer base.***

In the transportation industry, there is substantial and continuous competition for programmers and marketing experts with high levels of experience and operations personnel. We may not be successful in attracting and retaining qualified personnel. We expect to experience difficulty in hiring and retaining highly skilled employees with appropriate qualifications. In addition, job candidates and existing employees often consider the value of the stock awards they receive in connection with their employment. Once listed, if our future stock price performs poorly, it may adversely affect our ability to retain highly skilled employees. In addition, since we expense all stock-based compensation, we may periodically change our stock compensation practices, which may include reducing the number of employees eligible for options or reducing the size of equity awards granted per employee. If we fail to attract new personnel or fail to retain and motivate our current personnel, our business and future growth prospects could be severely harmed.

***Our officers and directors may have conflicts of interest which may not be resolved favorably to us.***

Certain conflicts of interest may exist between our officers and directors and us. Certain of our officers and directors have other business interests to which they devote their attention and may be expected to continue to do so although management time should be devoted to our business. As a result, conflicts of interest may arise that can be resolved only through the exercise of such judgment as is consistent with fiduciary duties to us.

***Natural disasters and other events beyond our control could materially adversely affect us.***

Natural disasters or other catastrophic events may cause damage or disruption to our operations, international commerce and the global economy, and thus could have a strong negative effect on us. Our business operations are subject to interruption by natural disasters, fire, power shortages, pandemics and other events beyond our control.

***Our lack of adequate D&O insurance may also make it difficult for us to retain and attract talented and skilled directors and officers.***

We may in the future be subject to additional litigation, including potential class action and stockholder derivative actions. Risks associated with legal liability are difficult to assess and quantify, and their existence and magnitude can remain unknown for significant periods of time. To date, we have not obtained directors and officers liability ("D&O") insurance. While neither Delaware law nor our Articles of Incorporation or bylaws require us to indemnify or advance expenses to our officers and directors involved in such a legal action, we have entered into an indemnification agreement with our President and intend to enter into similar agreements with other officers and directors in the future. Without adequate D&O insurance, the amounts we would pay to indemnify our officers and directors should they be subject to legal action based on their service to the Company could have a material adverse effect on our financial condition, results of operations and liquidity. Furthermore, our lack of adequate D&O insurance may make it difficult for us to retain and attract talented and skilled directors and officers, which could adversely affect our business.

***We may experience significant losses from operations.***

Even if we do generate operating income in one or more quarters in the future, subsequent developments in our industry, customer base, business or cost structure or an event such as significant litigation or a significant transaction may cause us to again experience operating losses. We may not become profitable for the long-term, or even for any quarter.

***If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm our business.***

 ****

Effective internal controls are necessary for us to provide reliable financial reports and effectively prevent fraud. If we cannot provide reliable financial reports or prevent fraud, our brand and operating results could be harmed. We may in the future discover areas of our internal controls that need improvement. We cannot be certain that any measures we implement will ensure that we achieve and maintain adequate controls over our financial processes and reporting in the future. Any failure to implement required new or improved controls, or difficulties encountered in their implementation, could harm our operating results or cause us to fail to meet our reporting obligations. Inferior internal controls could also cause investors to lose confidence in our reported financial information.

***We cannot be certain that additional financing will be available on reasonable terms when required, or at all.***

From time to time, we may need additional financing. Our ability to obtain additional financing, if and when required, will depend on investor demand, our operating performance, the condition of the capital markets, and other factors. We cannot assure you that additional financing will be available to us on favorable terms when required, or at all. We may need to raise additional funds through the issuance of equity, equity-linked or debt securities, those securities may have rights, preferences, or privileges senior to the rights of our Common Stock, and our existing stockholders may experience dilution.

***Reliance upon third parties.***

The Company does not intend on maintaining a significant back-office, programming or marketing staff. Rather it will rely heavily on consultants and contractors to perform these services for the Company. Accordingly, there is no assurance that such third parties will be available when needed at affordable prices.

***Cautionary Note***

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We have sought to identify what we believe to be the most significant risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment decision with respect to our Series B Preferred Stock or Common Stock.

**USE OF PROCEEDS**

If we sell all of the Offered Shares, our gross proceeds will be $50,000,000. The figures below are estimates only and the actual costs may differ. The precise amounts that we will devote to each of the following items, and the timing of expenditures, will vary depending on numerous factors. As of the date of this Offering Circular, we have not sold any securities pursuant to this Offering.

To account for a varying potential use of funds from the low to high ends of this range, the following table represents management's best estimate of the uses of gross proceeds. We provide a summary of the proceeds, excluding offering expenses at the maximum raise amount, as well as at the 25%, 50%, and 75% intervals. All amounts in this table are based on estimated amounts outstanding on June 1, 2025.

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| | |
|:---|:---|
| **If 100% of the Offered Shares are sold:** <br>**Planned Actions** |<br>**Estimated Cost to Complete** |
| Offering related costs | $3000000 |
| Product Marketing and Advertising | 38000000 |
| Additional Software Development Expenses | 1300000 |
| Convertible Preferred Stock Interest Escrow (5% of gross proceeds) | 5000000 |
| Payment of Payables | 700000 |
| Payment of Accrued Compensation to the Company's Chief Executive Officer | 700000 |
| Outstanding Executive salaries owed | 15000 |
| Working Capital and General Corporate Purposes | 1285000 |
| **TOTAL** | $**50000000** |

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| | |
|:---|:---|
| **If 75% of the Offered Shares are sold:** <br>**Planned Actions** |<br>**Estimated Cost to Complete** |
| Offering related costs | $2500000 |
| Product Marketing and Advertising | 27250000 |
| Additional Software Development Expenses | 1300000 |
| Convertible Preferred Stock Interest Escrow (5% of gross proceeds) | 3750000 |
| Payment of Payables | 700000 |
| Payment of Accrued Compensation to the Company's Chief Executive Officer | 700000 |
| Outstanding Executive salaries owed | 15000 |
| Working Capital and General Corporate Purposes | 1285000 |
| **TOTAL** | $**37500000** |

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| | |
|:---|:---|
| **If 50% of the Offered Shares are sold:** <br>**Planned Actions** |<br>**Estimated Cost to Complete** |
| Offering related costs | $2000000 |
| Product Marketing and Advertising | 16500000 |
| Additional Software Development Expenses | 1300000 |
| Convertible Preferred Stock Interest Escrow (5% of gross proceeds) | 2500000 |
| Payment of Payables | 700000 |
| Payment of Accrued Compensation to the Company's Chief Executive Officer | 700000 |
| Outstanding Executive salaries owed | 15000 |
| Working Capital and General Corporate Purposes | 1285000 |
| **TOTAL** | $**25000000** |

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| | |
|:---|:---|
| **If 25% of the Offered Shares are sold:** <br>**Planned Actions** |<br>**Estimated Cost to Complete** |
| Offering related costs | $1000000 |
| Product Marketing and Advertising | 7900000 |
| Additional Software Development | 1000000 |
| Convertible Preferred Stock Interest Escrow (5% of gross proceeds) | 1250000 |
| Payment of Payables | 350000 |
| Payment of Accrued Compensation to the Company's Chief Executive Officer | 350000 |
| Outstanding Executive salaries owed | 15000 |
| Working Capital and General Corporate Purposes | 635000 |
| **TOTAL** | $**12500000** |

---

As described above, we plan on using certain of the funds to make payment to Deborah Kenney, our CEO, for the payment of compensation owed to her as salary, of which $849,800 is currently accrued and unpaid as of June 1, 2025. Assuming $700,000 is paid, as contemplated in the use of proceeds for 100%, 75%, or 50% subscriptions of the Offered Shares, we would owe Ms. Kenney an additional $149,800 in unpaid salary.

As described above, we plan on using certain of the funds to make payment to Marilu Brassington, our CFO, for the payment of compensation owed to her as salary, of which $25,000 is currently accrued and unpaid as of June 1, 2025.

As indicated in the table above, if we sell only 25%, 50% or 75% of the Offered Shares offered for sale in this offering, we would expect to use the resulting proceeds for the same purposes as we would use the proceeds from a sale of 100% of the Offered Shares, and in approximately the same proportions, until such time as such use of proceeds would leave us without working capital reserve. At that point we would expect to modify our use of proceeds by limiting our expansion, leaving us with the working capital reserve indicated.

The expected use of proceeds from this Offering represents our intentions based upon our current plans and business conditions, which could change in the future as our plans and business conditions evolve and change. The amounts and timing of our actual expenditures, specifically with respect to working capital, may vary significantly depending on numerous factors. The precise amounts that we will devote to each of the foregoing items, and the timing of expenditures, will vary depending on numerous factors. As a result, our management will retain broad discretion over the allocation of the proceeds from this offering.

In the event we do not sell all of the shares being offered, we may seek additional financing from other sources in order to support the intended use of proceeds indicated above. If we secure additional equity funding, investors in this offering would be diluted. In all events, there can be no assurance that additional financing would be available to us when wanted or needed and, if available, on terms acceptable to us.

**DILUTION**

If you purchase shares in this Offering, your ownership interest in our Common Stock, upon conversion of the Series B 10% Convertible Preferred Stock ("Series B Preferred Stock") into shares of the Company's Common Stock, will be diluted immediately, to the extent of the difference between the price to the public charged for each share in this Offering and the net tangible book value per share of our Common Stock after this Offering.

Our historical net tangible book value as of September 30, 2024 was ($2,808,525) or ($0.43) per then-outstanding shares of our Common Stock. Historical net tangible book value per share equals the amount of our total tangible assets less total liabilities, divided by the total number of shares of our Common Stock outstanding, all as of the date specified.

The following table illustrates the per share dilution to new investors discussed above, assuming the sale of, respectively, 100%, 50% and 25% of the shares offered for sale in this Offering (after deducting estimated offering expenses of $3,000,000, $2,000,000 and $1,000,000, respectively):

---

| | | | |
|:---|:---|:---|:---|
| **Percentage of shares offered that are sold** | **100%** | **50%** | **25%** |
| Price to the public charged for each share in this Offering (1) | $2.50 | $2.50 | $2.50 |
| Historical net tangible book value per share as of September 30, 2024 (2) | $(0.43) | $(0.43) | $(0.43) |
| Increase in net tangible book value per share attributable to new investors in this Offering (3) | $2.10 | $1.66 | $1.19 |
| Net tangible book value per share, after this Offering (4) | $1.67 | $1.22 | $0.76 |
| Dilution per share to new investors (5) | $0.83 | $1.28 | $1.74 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Based on the issuance of four hundred (400) shares of Common Stock
 for each share of Series B Preferred Stock.

(2) Based on net tangible book value as of September 30, 2024 of ($2,808,525)
 and 6,484,525 outstanding shares of Common stock.

(3) After deducting estimated offering expenses of $3,000,000, $2,000,000
 and $1,000,000, respectively.

(4) Assumes that all 20,000 shares of Series B Preferred Stock are converted
 into shares of Common Stock, or 8,000,000 shares of Common Stock.

(5) Calculations in this table do not include dilution from the potential
 issuance of Incentive Shares or any PIK Dividend shares.

This second table calculates dilution based on our historical net tangible book value as of September 30, 2024 of ($2,808,525) or ($0.08) per then-outstanding shares of our Common Stock and Series A Preferred Stock assuming conversion of all Preferred Stock to Common Stock. Historical net tangible book value per share equals the amount of our total tangible assets less total liabilities, divided by the total number of shares of our Common Stock outstanding, assuming the conversion of all Series A Preferred Stock, all as of the date specified.

The following table illustrates the per share dilution to new investors discussed above, assuming the sale of, respectively, 100%, 50% and 25% of the shares offered for sale in this Offering (after deducting estimated offering expenses of $3,000,000, $2,000,000 and $1,000,000, respectively):

---

| | | | |
|:---|:---|:---|:---|
| **Percentage of shares offered that are sold** | **100%** | **50%** | **25%** |
| Price to the public charged for each share in this Offering (1) | $2.50 | $2.50 | $2.50 |
| Historical net tangible book value per share as of September 30, 2024 (2) | $(0.08) | $(0.08) | $(0.08) |
| Increase in net tangible book value per share attributable to new investors in this Offering (3) | $0.86 | $0.51 | $0.29 |
| Net tangible book value per share, after this Offering (4) | $0.78 | $0.43 | $0.21 |
| Dilution per share to new investors (5) | $1.72 | $2.07 | $2.29 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Based on the issuance of four hundred (400) shares of Common Stock
 for each share of Series B Preferred Stock.

(2) Based on net tangible book value as of September 30, 2024 of ($2,808,525) and 6,484,525 outstanding shares of Common stock including the conversion of all shares of Series A Preferred Stock converted into
 50,000,000 shares of Common Stock.

(3) After deducting estimated offering expenses of $3,000,000, $2,000,000
 and $1,000,000, respectively.

(4) Assumes that all 20,000 shares of Series B Preferred Stock are converted
 into shares of Common Stock, or 8,000,000 shares of Common Stock.

(5) Calculations in this table do not include dilution from the potential
 issuance of Incentive Shares or any PIK Dividend shares.

**Future Dilution**

Dilution may also result from future actions by our Company, and specifically from any increase in the number of shares of the Company's capital stock outstanding resulting from a stock offering (such as a public offering, a crowdfunding round, a venture capital round or an angel investment), employees exercising stock options, or conversion of certain instruments (such as convertible bonds, preferred shares or warrants) into stock.

If we decide to issue more shares, an investor could experience value dilution, with each share being worth less than before, and control dilution, with the total percentage an investor owns being less than before. There may also be earnings dilution, with a reduction in the amount earned per share (though this typically occurs only if we offer dividends, and most early-stage companies are unlikely to offer dividends, preferring to invest any earnings into the Company).

Dilution might also happen upon conversion of any convertible notes into shares of Common Stock the Company may issue in the future. Typically, the terms of convertible notes issued by early-stage companies provide that in the event of another round of financing, the holders of the convertible notes get to convert their notes into equity at a "discount" to the price paid by the new investors, i.e., they get more shares than the new investors would for the same price. Additionally, convertible notes may have a "price cap" on the conversion price, which effectively acts as a share price ceiling. Either way, the holders of the convertible notes get more shares for their money than new investors. In the event that the financing is a "down round" the holders of the convertible notes will dilute existing equity holders, and even more than the new investors do, because they get more shares for their money. Investors should pay careful attention to the amount of convertible notes that the company has issued (and may issue in the future), and the terms of those notes.

If you are making an investment expecting to own a certain percentage of our Company or expecting each share to hold a certain amount of value, it's important to realize how the value of those shares can decrease by actions taken by us. Dilution can make drastic changes to the value of each share, ownership percentage, voting control, and earnings per share.

**Series A Preferred Stock Percentage Ownership Including All Shares Issued and Outstanding**

---

| | | | |
|:---|:---|:---|:---|
| **Share Structure** | **Number of Shares**<br> **Beneficially Owned** | **Percent of Class**<br> **Before Offering** | **Percent of Class**<br> **After Offering** |
| Shares outstanding prior to offering | 3000000 | 100.00% | 100.00% |
| Shares of Series A Preferred Stock offered in offering | 0 | 0.00% | 0.00% |
| Total shares (a) | 3000000 | 100.00% | 100.00% |

---

**Series B Preferred Stock Percentage Ownership Including All Shares Issued and Outstanding**

---

| | | | |
|:---|:---|:---|:---|
| **Share Structure** | **Number of Shares**<br> **Beneficially Owned** | **Percent of Class**<br> **Before Offering** | **Percent of Class**<br> **After Offering** |
| Shares outstanding prior to offering | 0 | 0.00% | 0.00% |
| Shares of Series B Preferred Stock offered in offering | 50000 | 0.00% | 100.00% |
| Total shares (a) | 50000 | 0.00% | 100.00% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Total shares outstanding after the offering assumes
 that all shares in the offering are sold, but does not include PIK Dividend Shares or Incentive Shares.

**Common Stock Percentage Ownership Including All Shares Issued and Outstanding**

---

| | | | |
|:---|:---|:---|:---|
| **Share Structure** | **Number of Shares**<br> **Beneficially Owned** | **Percent of Class**<br> **Before Offering** | **Percent of Class**<br> **After Offering** |
| Shares outstanding prior to offering | 6714525 | 18.29% | 11.84% |
| Shares issued upon conversion of Series A Preferred Stock | 30000000 | 81.71% | 56.90% |
| Shares issued upon conversion of the Series B Preferred Stock | 20000000 | 0% | 35.26% |
| Total shares (a) | 56714525 | 100.00% | 100.00% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Total shares outstanding after the offering and
 after the conversion of all shares of Series A and Series B Preferred Stock into shares of the Company's Common Stock equals
 56,714,525 and assumes that all shares in the offering are sold, but does not include PIK Dividend Shares or Incentive Shares The
 information in this table is as of June 1, 2025.

**PLAN OF DISTRIBUTION**

This Offering Circular is part of an Offering Statement that we filed with the SEC, using a continuous offering process. Periodically, as we have material developments, we will provide an Offering Circular supplement that may add, update or change information contained in this Offering Circular. Any statement that we make in this Offering Circular will be modified or superseded by any inconsistent statement made by us in a subsequent Offering Circular supplement. The Offering Statement we filed with the SEC includes exhibits that provide more detailed descriptions of the matters discussed in this Offering Circular. You should read this Offering Circular and the related exhibits filed with the SEC and any Offering Circular supplement, together with additional information contained in our annual reports, semi-annual reports and other reports and information statements that we will file periodically with the SEC. See the section entitled "Additional Information" below for more details.

**Exchange Listing**

As of the date of this Offering Circular, there is no trading market for any of our securities, and we cannot assure you that a trading market will develop. We have not applied to list our securities on any national securities exchange.

**Pricing of the Offering**

Prior to this offering, there has been no public market for the Offered Shares. The initial public offering price was determined by us. The principal factors considered in determining the initial public offering price include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the information set forth in this Offering Circular and otherwise available;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our history and prospects and the history of and prospects for the
 industry in which we compete;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our past and present financial performance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· our prospects for future earnings and the present state of our development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the general condition of the securities markets at the time of this
 offering;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the recent market prices of, and demand for, publicly traded common
 stock of generally comparable companies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· other factors deemed relevant by us.

**Offering Period and Expiration Date**

This offering will start on or after the Qualification Date and will terminate on the earlier of (a) twelve (12) months from the date this Offering Circular is qualified for sale by the SEC (which date may be extended for an additional 90 days in our sole discretion); (b) the date when all Offered Shares have been sold; or (c) the date on which this offering is earlier terminated by us, in our sole discretion.

The Company may extend this offering for an additional time period unless the offering is completed or otherwise terminated by us, or unless we are required to terminate by application of Regulation A of the JOBS Act. Funds received from Investors will be counted towards the offering only if the form of payment, such as a check or wire transfer, clears the banking system and represents immediately available funds held by us prior to the termination of the subscription period, or prior to the termination of the extended subscription period if extended by the Company.

 **Incentive Shares**

Certain investors in this Offering are eligible to receive Incentive Shares in addition to the Offered Shares subscribed for as part of the Offering, effectively discounting the price per share offered. To qualify for the receipt of Incentive Shares, an Investor is required to purchase more than $100,000 of Offered Shares, referred to as the Incentive Threshold. Upon meeting the Incentive Threshold, such applicable investor will receive, as part of their investment, such number of additional shares of Series B Preferred Stock equal to ten percent (10.00%) of the Offered Shares purchased by such Investor. Incentive Shares will be granted at the applicable closing only upon such Investor meeting the Incentive Threshold for such closing and such investment will not aggregate with purchases of Offered Shares in any other closing.

**Broker Dealers**

The Company will not initially sell the Shares through commissioned broker-dealers, but may do so after the commencement of the Offering. Any such arrangement will add to our expenses in connection with the Offering. If we engage one or more commissioned sales agents or underwriters, we will supplement this Form 1-A to describe the arrangement.

**Subscription Procedures**

If you decide to subscribe for our Offered Shares in this offering, you should review your subscription agreement. A copy of the form of subscription agreement is attached to this Offering Circular as Exhibit 4.1. Completed and signed subscription documents shall be either mailed directly to the Company at RidePair Inc., 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405 or sent via electronic correspondence to investor@ridepair.io. Per the subscription agreement, the Company anticipates completing multiple closings to occur on the first day of each month, subject to management's discretion to have additional closings. Since there is no minimum amount to complete a closing under this offering, the Company may immediately deposit the proceeds from accepted subscription agreements into the Company's bank account, and subject to the requirement to escrow 10% of subscriptions for future cash Dividends, the Company may use such proceeds in accordance with the Use of Proceeds.

You shall deliver funds by either check, ACH deposit or wire transfer, pursuant to the instructions set forth in the subscription agreement. Upon confirmation that a subscriber's funds have cleared, the Offered Shares will be sent to the subscriber within 48 hours of the applicable closing electronically.

Any potential investor will have ample time to review the subscription agreement, along with their counsel, prior to making any final investment decision. We shall only deliver such subscription agreement upon request after a potential investor has had ample opportunity to review this Offering Circular.

**Acceptance of Subscriptions**

Upon our receipt of a subscription agreement and payment, we will countersign the subscription agreement and issue the shares of Series B Preferred Stock subscribed for at the applicable closing. Once you submit the subscription agreement, you may not revoke or change your subscription or request your subscription funds. All accepted subscription agreements are irrevocable and the Company will not return any funds to subscribers regardless of the volume of sales in any applicable closing.

Investors must further comply with the "Investor Suitability Standards" set forth below.

 **Investor Suitability Standards**

As a Tier 2 Regulation A offering, investors must comply with the 10% limitation to investment in the offering, as prescribed in Rule 251. Under Rule 251 of Regulation A, non-accredited, non-natural investors are subject to the investment limitation and may only invest funds which do not exceed 10% of the greater of the purchaser's revenue or net assets (as of the purchaser's most recent fiscal year end). A non-accredited, natural person may only invest funds which do not exceed 10% of the greater of the purchaser's annual income or net worth (please see below on how to calculate your net worth).

NOTE: For the purposes of calculation, "Net Worth" is defined as the difference between total assets and total liabilities. This calculation must exclude the value of your primary residence and may exclude any indebtedness secured by your primary residence (up to an amount equal to the value of your primary residence). In the case of fiduciary accounts, net worth and/or income suitability requirements may be satisfied by the beneficiary of the account or by the fiduciary, if the donor or grantor is the fiduciary and the fiduciary directly or indirectly provides funds for the purchase of the Offered Shares.

In order to purchase Offered Shares and prior to the acceptance of any funds from an Investor, an Investor will be required to represent, to the Company's satisfaction, that it is either an accredited investor or is in compliance with the ten percent (10%) of net worth or annual income limitation on investment in this offering. We urge all investors to review Rule 251 of Regulation A to ensure compliance.

The only investor in this offering exempt from this limitation is an accredited investor, an "Accredited Investor," as defined under Rule 501 of Regulation D. If you meet one of the following tests you qualify as an Accredited Investor:

(i) You are a natural person who has had individual income in excess of $200,000 in each of the two most recent years, or joint income with your spouse in excess of $300,000 in each of these years, and have a reasonable expectation of reaching the same income level in the current year;

(ii) You are a natural person and your individual net worth, or joint net worth with your spouse, exceeds $1,000,000 at the time you purchase the Shares (please see below on how to calculate your net worth);

(iii) You are an executive officer or general partner of the issuer or a management team or executive officer of the general partner of the issuer;

(iv) You are an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, the Code, a corporation, a Massachusetts or similar business trust or a partnership, not formed for the specific purpose of acquiring the Shares, with total assets in excess of $5,000,000;

(v) You are a bank or a savings and loan association or other institution as defined in the Securities Act, a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended, the Exchange Act, an insurance company as defined by the Securities Act, an investment company registered under the Investment Company Act of 1940, as amended, the Investment Company Act, or a business development company as defined in that act, any Small Business Investment Company licensed by the Small Business Investment Act of 1958 or a private business development company as defined in the Investment Advisers Act of 1940;

(vi) You are an entity (including an Individual Retirement Account trust) in which each equity owner is an accredited investor;

(vii) You are a trust with total assets in excess of $5,000,000, your purchase of the Shares is directed by a person who either alone or with his purchaser representative(s) (as defined in Regulation D promulgated under the Securities Act) has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment, and you were not formed for the specific purpose of investing in the Shares; or

(viii) You are a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has assets in excess of $5,000,000.

**Selling Security holders**

There are no selling security holders in this Offering.

**Blue Sky Law Considerations**

The holders of our shares of Series B Preferred Stock should be aware that there may be significant state law restrictions upon the ability of investors to resell our securities. Accordingly, investors should consider any secondary market for the Company's securities to be a limited one.

**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 our operations together with our consolidated financial statements and the notes thereto appearing elsewhere in this Offering Circular. This discussion contains forward-looking statements reflecting our current expectations, whose actual outcomes involve risks and uncertainties. Actual results and the timing of events may differ materially from those stated in or implied by these forward-looking statements due to a number of factors, including those discussed in the sections entitled "[Risk Factors](#a_010)", "[Cautionary Statement Regarding Forward-Looking Statements](#a_007)" and elsewhere in this Offering Circular. Please see the notes to our Financial Statements for information about our Critical Accounting Policies and Recently Issued Accounting Pronouncements.*

**Overview**

Ridepair Inc. (hereinafter "RidePair", the "Company", "Our", "We", or "Us") was incorporated under the laws of the State of Delaware on November 20, 2018 under the name of Bit Forge L.A. Inc. On August 20, 2020, the Company filed an Amended and Restated Certificate of Incorporation changing the name of the corporation to RidePair Inc. Our principal executive office is located at 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405 and our telephone number is (818) 770-5933. Our website address is www.ridepair.io. The information contained on, or that can be accessed through, our website is not a part of this Registration Statement. We have included our website address in this Registration Statement solely as an inactive textual reference.

RidePair is a software company that has developed an app for coordinating, enabling and verifying ride sharing. This is not ride sharing such as Uber where the driver is essentially offering a taxi service, but true ride sharing in which everyone in the car is sharing the ride to go to a similar place – e.g. co-commuting to work with colleagues. Unlike taxi-like services which increase the number of cars on the road, true ride sharing has been shown to be one of the most effective means of reducing cars on the roads and thus reducing traffic, emissions and even reducing roadway maintenance. The issue has been verifying the ride sharing or co-commuting is actually occurring, which issue is solved by the Ridepair app.

The app is currently in beta testing and is expected to be fully operational in the second calendar quarter of 2025.

**Validating Users**

RidePair employs a multi-step process to validate its ride-sharers/co-commuters. The first step takes place when a user initially downloads the RidePair App and registers which includes individual verification, and proof of vehicle ownership by uploading a photo of the car's registration or insurance. Only registered users will receive payments from RidePair.

Prior to a ridesharing event, the driver and the rider(s) must provide the required information on the app, including pickup location, destination, and the names of all users that will be sharing the ride. RidePair can also match drivers with riders: a user can put in an originating and terminating location, estimated time of travel, and whether they are a driver or passenger, and the app will find people to share the ride. Users have the ability to establish preferences for those with whom they will share rides (e.g., a user can specify that they only want people of the same gender). This is not done last minute but days if not weeks ahead of time.

The final validation takes place at the time of the rideshare, when all occupants get in the vehicle, log in to the app and indicate that the rideshare has begun. Using geolocation on the phones, RidePair guarantees that all of the users are at the pick-up location, are moving together in the same car and that they arrive at the final destination together. Upon arrival, the app notifies the driver and riders that they have arrived at their destination and will be credited with the appropriate miles.

**Plan of Operation for the Next Twelve Months**

The Company believes that the proceeds of this Offering will satisfy its cash requirements for the next twelve months. To complete the Company's entire development plan, it may have to raise additional funds in the next twelve months.

The Company may make significant changes in the number of employees at the corporate level, as well as expanding the services of third-party contract labor for product marketing and software development.

**Investments.** The Company intends to make substantial investments in the marketing and advertising of its app to potential end-users to increase its subscriber base. It will also continue to invest in upgrading and enhancing its software.

**Marketing and sales.** We anticipate that our sales will occur with new users on its app and grow proportionately to the growth of its user base. The Company plans to utilize many forms of advertising and marketing to attract new users. This will include everything from billboard advertising to online banner ads. The Company also intends to work directly with corporations to have them encourage their employees to co-commute – turning a cost into a revenue center for their employees. In California, corporations with more than fifty employees are required to have a plan for reducing emissions and during poor air quality days are required to report to the State results of their programs. RidePair has the ability to provide these corporations with a tangible and reportable air quality improvement method. In addition, as many corporations are trying to encourage their employees to come back to the office, RidePair believes that this app in which the employees are being paid to commute could be a useful tool.

**Cost of revenue.** The Company expects that the cost of revenue for its operations will consist primarily of expenses associated with payments to the users for ridesharing and co-commuting. The model calls for the Company to retain half of the money it receives from advertisers or other potential sources of payments such as government incentives and payout the other half to the drivers and riders of the co-commuters.

**Research and development.** Research and Development will primarily consist of software development costs spent to maintain, upgrade and improve the app. RidePair is planning on using approximately $1.3 million from the proceeds of this offering towards this research and development.

**General and administrative.** The majority of our general and administrative expenses will consist of salaries, benefits, and share-based compensation for certain of our executives as well as our legal, finance, human resources, corporate communications and policy employees, and other administrative employees. In addition, general and administrative expenses include professional and legal services. The Company expects to incur substantial expenses in marketing the current Offering, in closing sales, and in promoting and managing its operations. Further, the company expects to incur significant general and administrative expenses in the following areas:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Accounting, including audit, accounting, and tax compliance-related costs;

· Filing and transfer agent costs;

· Investor relations and news dissemination, including maintaining and updating a planned website
 and disseminating news releases; and

· Management fees, including executive officer salaries.

**RESULTS OF OPERATIONS**

***Year ended September 30, 2024 compared to the year ended September 30, 2023***

The following table sets forth information comparing the components of net (loss) for the years ended September 30, 2024 and 2023:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended** <br> **September 30,**  | **Years Ended** <br> **September 30,**  | **Period over** <br> **Period Change**  |
|  | **2024** | **2023** | **%** |
| **Revenues, net** | $– | $– | –% |
| &nbsp;&nbsp;&nbsp; Cost of revenues | – | – | –% |
| **Gross profit** | – | – | –% |
| **Operating expenses:** |  |  |  |
| &nbsp;&nbsp;&nbsp; General and administrative | 94148 | 41552 | 126.58% |
| &nbsp;&nbsp;&nbsp; Professional fees | 1099223 | 1072892) | 2.45% |
| &nbsp;&nbsp;&nbsp; Amortization | 178600 | 66800 | 167.37% |
| &nbsp;&nbsp;&nbsp; Total operating expenses | 1371971 | 1181024 | 16.15% |
| Operating loss | (1371971) | (1181024) | 16.15% |
| **Other income (expenses):** |  |  |  |
| &nbsp;&nbsp;&nbsp; Other income (expense) | 94 | 28 | 235.71% |
| &nbsp;&nbsp;&nbsp; Interest expense | (117959) | (35065) | 236.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other income (expense) | (117865) | (35037) | 236.40% |
| Loss before income taxes | (1489136) | (1216061) | 22,49% |
| Income tax expense | – | – | –% |
| **Net loss** | $(1489136) | $(1216061) | 22,49% |

---

During the year ended September 30, 2024, revenues were $– compared to revenues of $- during the year ended September 30, 2023.

Cost of sales were $– and $– for the years ended September 30, 2024 and 2023.

Gross profits were $– and $– during the years ended September 30, 2024 and 2023.

Operating expenses were $1,371,971 for the year ended September 30, 2024 compared to $1,181,024 for the year ended September 30, 2023. The increase in operating expenses for the year ended September 30, 2024 is attributable to a increase in professional fees.

Loss from operations was ($1,489,136) for the year ended September 30, 2024 compared to ($1,216,061) for the year ended September 30, 2023.

Other (expenses) was ($117,865) for the year ended September 30, 2024 compared to ($35,037) for the year ended September 30, 2023, a decrease of $82,894 or 236.40%. Other expenses are largely attributable to our interest expense.

Net loss for the year ended September 30, 2024 was ($1,489,136) compared to ($1,216,061) for the year ended September 30, 2024, a decrease of $273,555 or 22.49%. The increase in net loss is attributable to a increase interest expense.

**LIQUIDITY AND CAPITAL RESOURCES**

The following table summarizes the cash flows for the years ended September 30, 2024 and 2023:

---

| | | |
|:---|:---|:---|
|  | **September 30, 2024** | **September 30, 2023** |
| **Cash Flows:** |  |  |
| Net cash provided by operating activities | $(167956) | $(157792) |
| Net cash (used in) investing activities | (559000) | (334000) |
| Net cash provided by (used in) financing activities | 432796 | 759850 |
| **Net (decrease) increase in cash** | (294160) | 268058 |
| Cash at beginning of period | 322112 | 54054 |
| **Cash at end of period** | $27952 | $322112 |

---

During the year ended September 30, 2024 net cash provided by operating activities was $167,956 compared to $157,792 of net cash provided by operating activities for the year ended September 30, 2023. This decrease for the year ended September 30, 2024 is largely attributable to a decrease in related party loan and accounts payable and accrued liabilities.

During the year ended September 30, 2024, we used ($559,000) net cash from investing activities compared to ($334,000) for the year ended September 30, 2023.

During the year ended September 30, 2024, the Company had $432,796 net cash provided by financing activities compared to $759,850 for the year ended September 30, 2023. The increase in cash provided from financing activities is largely attributable to the proceeds from the exercise of warrants.

At September 30, 2024, we had current assets of $27,952, current liabilities of $832,261, working capital deficit of $805,009 and an accumulated deficit of $5,246,069.

At September 30, 2023, we had current assets of $369,458, current liabilities of $691,570, working capital deficit of $369,458 and an accumulated deficit of $3,756,233.

We presently have limited and expensive available credit, and do not have bank financing or other external sources of liquidity. We will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, we may need to sell additional shares of our common stock or borrow funds from private lenders. There can be no assurance that we will be successful in obtaining additional funding. We will still need additional capital in order to continue operations until we are able to achieve positive operating cash flow. Additional capital is being sought, but we cannot guarantee that we will be able to obtain such investments. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing. Furthermore, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. If additional financing is not available or is not available on acceptable terms, we will have to curtail our operations.

**OFF-BALANCE SHEET ARRANGEMENTS**

We do not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, results of operations, liquidity, or capital expenditures.

**Recent Financing Transactions**

*<u>Master Revolving Note</u>*

On October 11, 2021, the Company entered into a Master Revolving Note (the "Note") with Ridepair Programming, LLC (the "Holder"). Under the terms of the Note, the Holder may advance to the Company the sum of up to One Million Five Hundred Thousand Dollars ($1,500,000). Interest shall not be payable on the unpaid principal balance until maturity, whether by acceleration or otherwise or upon the occurrence of an Event of Default, as later defined, at a per annum rate equal to Ten Percent (10.0%), and after that at a rate equal to the Default Rate of Fifteen Percent (15%). The Note is secured by three million (3,000,000) shares of the Company's Common Stock. As of the date of this filing, the Holder has advanced a total of $1,024,600 to the Company. The total due to the Holder as of September 30, 2024 is $1,202,220, which includes $177,620 interest.

**Quantitative and Qualitative Disclosures about Market Risk**

In the ordinary course of our business, we are not exposed to market risk of the sort that may arise from changes in interest rates or foreign currency exchange rates, or that may otherwise arise from transactions in derivatives.

The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company's significant estimates and assumptions include the fair value of the Company's common stock, stock-based compensation, the recoverability and useful lives of long-lived assets, and the valuation allowance relating to the Company's deferred tax assets.

**Contingencies**

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company's management, in consultation with its legal counsel as appropriate, assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company, in consultation with legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's financial statements. If the assessment indicates a potentially material loss contingency is not probable, but is reasonably possible, or is probable, but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.

**BUSINESS**

Ridepair Inc. (hereinafter "RidePair", the "Company", "Our", "We", or "Us") was incorporated under the laws of the State of Delaware on November 20, 2018 under the name of Bit Forge L.A. Inc. On August 20, 2020, the Company filed an Amended and Restated Certificate of Incorporation changing the name of the corporation to RidePair Inc. Our principal executive office is located at 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405 and our telephone number is (818) 770-5933. Our website address is www.ridepair.io. The information contained on, or that can be accessed through, our website is not a part of this Registration Statement. We have included our website address in this Registration Statement solely as an inactive textual reference.

RidePair is a software company that has developed an app for coordinating, enabling and verifying ride sharing. This is not ride sharing such as Uber where the driver is essentially offering a taxi service, but true ride sharing in which everyone in the car is sharing the ride to go to a similar place – e.g. co-commuting to work with colleagues. Unlike taxi-like services which increase the number of cars on the road, true ride sharing has been shown to be one of the most effective means of reducing cars on the roads and thus reducing traffic, emissions and even reducing roadway maintenance. The issue has been verifying the ride sharing or co-commuting is actually occurring, which issue is solved by the Ridepair app.

**<u>Business Plan</u>**

RidePair is the perfect solution for a multitude of simple, yet complex problems while commuting. Five years ago, the Company was founded on the idea of making the community an active part to help solve problems with traffic, excessive greenhouse gas emissions, and overall well-being of a community by reconnecting individuals within the community. RidePair developed an AI powered ride sharing system, unlike the options that are currently offered mainly because current "ride share" options such as Uber and Lyft exacerbate the problems by adding more vehicles to the roads and increasing the amount of greenhouse gas emissions. RidePair reimagined the traditional carpool idea and brought it into the 21st century with the technology that is available presently, creating a true RideShare and co-commuting service not a taxi service like the other "ride sharing" companies are operating. We believe utilizing AI to gather human data on commuting and social behavior will lead to very positive benefits within our communities. Most importantly, RidePair is determined to modify commuting behavior by providing financial incentives to the commuter.

RidePair is in discussions with advertisers in which commuters will be paid to take a small detour – for example to drive by a new restaurant opening or receiving advertisements at the freeway exits from local retailers interested in marketing to drive by traffic. These detours would increase the payments to the occupants. There is no formal agreement with any advertisers, but RidePair believes that they will be able to finalize at least one such agreement by the middle of 2025.

**Validating Users**

RidePair employs a multi-step process to validate its ride-sharers/co-commuters. The first step takes place when a user initially downloads the RidePair App and registers which includes individual verification, and proof of vehicle ownership by uploading a photo of the car's registration or insurance. Only registered users will receive payments from RidePair.

Prior to a ridesharing event, the driver and the rider(s) must provide the required information on the app, including pickup location, destination, and the names of all users that will be sharing the ride. RidePair can also match drivers with riders: a user can put in an originating and terminating location, estimated time of travel, and whether they are a driver or passenger, and the app will find people to share the ride. Users have the ability to establish preferences for those with whom they will share rides (e.g., a user can specify that they only want people of the same gender). This is not done last minute but days if not weeks ahead of time.

The final validation takes place at the time of the rideshare, when all occupants get in the vehicle, log in to the app and indicate that the rideshare has begun. Using geolocation on the phones, RidePair guarantees that all of the users are at the pick-up location, are moving together in the same car and that they arrive at the final destination together. Upon arrival, the app notifies the driver and riders that they have arrived at their destination and will be credited with the appropriate miles.

**Competition**

RidePair is not aware of any direct competition. There does not appear to be software applications for co-commuting in which the driver and passenger(s) are paid to commute – true ride sharing.

Companies such as Uber and Lyft have co-opted the term "ride share" but unlike RidePair, the ride share companies are essentially on-demand taxi services. The person taking the ride is paying for the ride and from a municipality point of view, these entities are putting more cars on the road as opposed to taking them off the road as RidePair does.

The other competition to RidePair is various efforts by municipalities to encourage co-commuting, car pooling and the use of public transportation. These programs include Park and Ride lots, and bulletin boards where people can be matched for carpooling. None of these programs pay both the driver and all riders in the car for co-commuting and getting the car off of the road.

Our potential competitors may have greater resources, better access to capital, longer histories, more intellectual property and lower cost operations.

They may secure better terms during the investment negotiation process, make strategic decisions more quickly than us and devote more capital to better performing investments than we do.

Our competitors may also enter into business combinations or alliances that strengthen their competitive positions.

**Market opportunity**

RidePair is pursuing an opportunity to launch its RidePair app that pays the users for co-commuting to work and leaving cars at home within Placer County California before rolling statewide in California and ultimately expanding to many other metropolitan areas. The initial market of Placer County and the expansion statewide is occurring in connection with anticipated grants from the California Air Resources Board. Ride Pair believes that many people will be interested in utilizing the app that will pay people to co-commute to work and that the end-user marketplace is nearly endless. As it secures the funding to make such payments, either through government entities that are trying to reduce the cars on the roads or through advertising, the Company believes that the market opportunity will grow dramatically.

*Insufficient Capital*

Currently, RidePair is confronted with the need to attract and retain a consistent investment source in order to grow our operations rapidly. RidePair is not funded properly, it will prevent us from rolling out our app to its initial markets in California and expand globally. Insufficient capital will also hinder the Company's ability to market its app and directly affect new customer acquisition and thus profitability.

**Seasonality**

We do not expect any seasonality in our business.

**Employees**

As of June 1, 2025, we had three (3) full time employees including our Chief Executive Officer and eight (8) part time employees inclusive of the Company's Chief Financial Officer, Chief Technology Officer and its Chief Marketing Officer. Our employees are not represented by a union. We consider relations with our employees to be positive and productive.

**Legal Proceedings**

We may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to temporary employee staffing business. These matters may include product liability, intellectual property, employment, personal injury cause by our employees, and other general claims. We will accrue for contingent liabilities when it is probable that a liability has been incurred and the amount can be reasonably estimated. We are not presently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse effect on our business. Regardless of outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

**Description of Property**

*Corporate Office*

The Company's office space is located at 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405. On October 10, 2023, the Company entered into a new office location under a 1-year lease beginning November 1, 2023. This new location is 701 square feet and carries a base monthly rent of $2,453.50. The lease auto – renews every year. The Company does not own any real property.

Our main corporate mailing address is 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405.

**Intellectual Property**

We believe that our intellectual property is essential to our business and affords us a competitive advantage in the markets in which we operate. Our intellectual property includes the content of our website, mobile applications, registered domain names, software code, firmware, hardware and hardware designs, registered and unregistered trademarks, trademark applications, copyrights, trade secrets, inventions (whether or not patentable), patents, and patent applications.

To protect our intellectual property, we rely on a combination of copyright, trademark, patent, and trade secret laws, contractual provisions, end-user policies, and disclosure restrictions. Upon discovery of potential infringement of our intellectual property, we assess and when necessary, take action to protect our rights as appropriate. We also enter into confidentiality agreements and invention assignment agreements with our employees and consultants and seek to control access to, and distribution of, our proprietary information in a commercially prudent manner.

**MANAGEMENT**

The following table sets forth information regarding our executive officers, directors and significant employees, including their ages as of June 1, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Age** | **<u>Term of Office</u>** | **Position** | **Approximate hours per week for part-time employees** |
| Deborah Kenney | 48 | 2019 – Current | Chief Executive Officer, President and Chairperson | Full Time |
| Marilu Brassington | 48 | 10/2024 – Current | Chief Financial Officer | 20 |
| Peter J. D'Arruda | 58 | 2021 – Current | Chief Marketing Officer and Director | 10 |
| Randy Ullrich | 61 | 10/2023 - Current | Chief Technical Officer | 30 |

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The principal occupations for each of our current executive officers and directors are as follows:

***<u>Deborah Kenney</u>*** - Ms. Kenney is the Co-Founder, and visionary for the evolution of RidePair. She has been the full time Chief Executive Officer, President and Chairperson of RidePair since its founding in 2019. During Ms. Kenney's tenure at RidePair, a number of individuals have worked for the Company, primarily as outsourced programmers, working on the development of the app. These developers were paid from proceeds of the Ridepair Programming, LLC loan. Ms. Kenney began her career in the financial industry at the age of 18, working in retail banking while attending California State University, Northridge. She became one of the youngest managers in the history of Cal Fed (acquired by Citibank). During that time, she developed close relationships with many of the banks' high net worth clients and was promoted to Private Wealth Management. She moved to Vision Financial Markets, a clearing firm on the Chicago Board of Trade, where she received her Series 3 License and became a Commodity Broker and within a year was one of Vision's top producers. In 2005, with the support of her clients, Ms. Kenney started her own financial advisory firm, Alpha Counsulting, LLC, where she has managed and raised tens of millions of dollars. In 2018, Ms. Kenney closed Alpha Consulting, LLC to start RidePair. Ms. Kenney was born and raised in Southern California and has been a lifelong commuter throughout all of California. She knows first-hand the problems of traffic congestion, parking, and the effects of emission on the local population. Her vision has led to countless advances in the technology developed at RidePair.

***<u>Marilu Brassington</u>*** - Ms. Brassington has served as the part time Chief Financial Officer of RidePair Inc since October 2024. Prior to joining RidePair, she served as the Chief Financial Officer of other publicly traded companies. From 2023 through the present, she also serves as the Chief Financial Officer of Scepter Holdings, Inc. (otcpink:BRZL). In 2018, she started her own Financial Consulting Firm, Luceva, LLC, which as a single owner LLC where Ms. Brassington is the only employee. Ms. Brassington is employed for her various jobs including RidePair and Scepter through Luceva. From 2017 to 2022, she was the Chief Financial Officer of 12 ReTech, Inc. From 2013 through 2017, she served as Chief Financial Officer of Bitzio Inc. Prior to 2013, she served as the Chief Financial Officer of Givefun.com and consultant IAC. Ms. Brassington began her career as a Senior Financial Controller within the Investment Banking Group of Societe Generale and an audit supervisor at Deloitte & Touche. Ms. Brassington received a B.S. degree in accounting and finance in 2001 from the University of Miami and her Certified Public Accountant's Exam in the same year.

***<u>Peter J. D'Arruda</u>*** - Mr. D'Arruda has served as Chief Marketing Officer since 2021 and a member of our Board of Directors since 2022. He is also a former two-time President of the IARFC (International Association of Registered Financial Consultants), an Investment Advisor, fiduciary, and has been in the financial arena for over 32 years. In 2008, he founded and still manages Capital Financial & Insurance, LLC to help his clients take the worry out of living in retirement. Known as "Coach Pete" to most of his clients and to the listeners of his radio show, he has developed a proprietary process that assists business owners become work optional. He has written or co-written 16 books to date. Two of his books have reached the best-sellers list on Amazon. The most noteworthy book, Successonomics, is one that Coach Pete co-authored with Steve Forbes. His most recent book is "The Big Book on Retirement." Coach Pete also owns and operates Broadcasting Experts, LLC, and his staff produces over 80 weekly radio shows and long form video & audio podcasts heard and seen nationwide. His national show, THE FINANCIAL SAFARI, can be heard at FinancialSafari.com. Pete has won 3 Emmys, 5 Quillys® and 10 Tellys, along with multiple EXPYS®. He is proud of each award. He is a graduate of The University of North Carolina. Mr. D'Arruda spends between 25% and 50% of his time on RidePair depending on the Company's needs.

***<u>Randy Ullrich</u>*** - Mr. Ullrich has served as Chief Technical Officer of RidePair since October 2023 and is also the founder and Chief Executive Officer of RapDevPro, Inc., which he began in 2009. He brings over 30 years of software, web-applications, and mobile-applications leadership to RidePair, with deep experience in agile methodologies and building and guiding lean, high-performance technology teams. Having worked in a variety of industries (including military, healthcare, automotive, financial services, and media & entertainment) at both early-stage and mature companies – including two successful M&A exits – Mr. Ullrich brings high-level management skills and a variety of experience to RidePair. Prior to RidePair, Mr. Ullrich held executive roles at San Diego software companies, including as C.T.O. of a data-sharing company, as well as the Chief Executive Officer of a 100-person boutique software consultancy (sold to NextLeft). Mr. Ullrich started his career as a software engineer, before moving on to a stint at Accenture in Silicon Valley after earning his M.B.A. Mr Ullrich spends approximately 20 hours per week supporting RidePair.

None of our executive officers and board directors has been involved in any of the following proceedings during the past ten (10) years:

1. any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

2. any conviction in a criminal proceeding or being subject to a pending criminal proceedings (excluding traffic violations and other minor offenses);

3. being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or

4. being found by a court of competent jurisdiction (in a civil action), the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

**Family Relationships**

There are no family relationships between any of our officers and directors.

**Involvement in Certain Legal Proceedings**.

None of the following events have occurred during the past five years and which are material to an evaluation of the ability or integrity of any director or executive officer: (1) A petition under the federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing; or (2) Such person was convicted in a criminal proceeding (excluding traffic violations and other minor offenses).

**Board Composition**

Our Board of Directors currently consists of two members, Deborah Kenney, our CEO and Peter D'Arruda. Each director of the Company serves until the next annual meeting of stockholders and until his or her successor is elected and duly qualified, or until his or her earlier death, resignation or removal. Our board is authorized to appoint persons to the offices of Chairman of the Board of Directors, President, Chief Executive Officer, one or more vice presidents, a Treasurer or Chief Financial Officer and a Secretary and such other offices as may be determined by the board.

We have no formal policy regarding board diversity. In selecting board candidates, we seek individuals who will further the interests of our stockholders through an established record of professional accomplishment, the ability to contribute positively to our collaborative culture, knowledge of our business and understanding of our prospective markets.

**Board Leadership Structure and Risk Oversight**

The Board of Directors oversees our business and considers the risks associated with our business strategy and decisions. The board currently implements its risk oversight function as a whole. Each of the board committees, when and if established, will also provide risk oversight in respect of its areas of concentration and reports material risks to the board for further consideration.

**Code of Business Conduct and Ethics**

The Company has adopted a written code of business conduct and ethics that applies to our directors, officers and employees, including our principal executive officer, principal financial officer and principal accounting officer or controller, or persons performing similar functions. The code of business conduct and ethics is posted on our website at: https://ridepair.io.

**EXECUTIVE COMPENSATION**

The following table sets forth the cash compensation (including cash bonuses) paid or accrued, and equity awards granted, by RidePair for the years ended September 30, 2024 and 2023, to our Chief Executive Officer, Chief Financial Officer, Chief Marketing Officer and Chief Technical Officer.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name &**<br> **Principal**<br> **Position** | **Year** | **Paid or Accrued Salary** | **Bonus** | **Stock**<br> **Awards** | **Option**<br> **Awards** | **Totals** |
| Deborah Kenney (1) | 2024 | $360000 | $– $|  | $– $– $– $– $| 360000 |
| Chief Executive Officer | 2023 | $360000 | $– $|  | $– $– $– $– $| 360000 |
| Marilu Brassington (2) | 2024 | $– | $– $|  | $– $– $– $– $|  |
| Chief Financial Officer | 2023 | $– | $– $|  | $– $– $– $– $|  |
| Peter J. D'Arruda (3) | 2024 | $– | $– $| 1000000 | $– $– $– $– $| 1000000 |
| Chief Marketing Officer | 2023 | $– | $– $| 500000 | $– $– $– $– $| 500000 |
| Randy Ullrich (4) | 2024 | $102000 | $– $|  | $– $– $– $– $| 102000 |
| Chief Technical Officer | 2023 | $– | $– $|  | $– $– $– $– $|  |

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Notes:

&nbsp;&nbsp;&nbsp;&nbsp;(1) Ms. Kenney has served as
 the Company's Chief Executive Officer, President and Chairperson since November 2018. Ms. Kenney entered into an employment
 agreement to become the Company's Chief Executive Officer on October 1, 2022.

(2) Ms. Brassington has served
 as the Company's part-time Chief Financial Officer since November 2024. As of the date of this filing, Ms. Brassington
 has not entered into an Employment Agreement with the Company. Ms. Brassington is paid $5,000/month increasing to $10,000/month during
 the second calendar quarter of 2025.

(3) Mr. D'Arruda has served as the Company's Chief Marketing Officer since November 2018. Mr. D'Arruda received a stock grant of 1 million shares per year. The shares were valued at $1.00 and $0.50 per share for 2024 and 2023, respectively. In addition, Mr D'Arruda has a convertible note for $800,000 with the Company that can only be converted at the earlier of i) the sale of the company or ii) 10 years from the date of the note. These shares are not calculated as part of executive compensation.

(4) Mr. Ullrich has served as the Company's Chief Technical Officer since October 2023. Mr. Ullrich's firm was paid for software development. The total amount paid to his firm was included as salary although his firm employs approximately five programmers on RidePair's behalf. Mr. Ullrich was granted 2.5 million shares on October 1, 2024. The shares vest as 500,000 shares per year for each of the next 5 years with initial vesting on October 1, 2025. As these shares were granted after September 30, 2024, they were not included within the table.

**Director's Compensation**

RidePair has not paid and does not presently propose to pay any compensation to any director for acting in such capacity. No cash or equity instruments were paid or otherwise awarded for services during the years ended September 30, 2024 and 2023. The Company anticipates implementing a director compensation policy or plan subsequent to the completion of the Offering.

**Employment Agreements**

*Deborah Kenney Employment Agreement*

 

On October 1, 2022, the Board and Ms. Kenney entered into an employment agreement (the "Agreement") for a one-year term, subject to one-year renewals. Pursuant to the Agreement, Ms. Kenney receives an initial base salary of $360,000 per year, subject to an increase. Ms. Kenney is eligible to participate in our performance-based cash incentive bonus program. Ms. Kenney is eligible to receive a bonus of two percent (2%) of all financings and sales contracts introduced to the Company by Executive, not to exceed $10,000,000 during the life of the contract. Bonuses will be determined and paid within thirty days of each calendar year during the Term.

In addition, the Agreement provides for certain payments and benefits in the event of a termination of Ms. Kenney's employment under specific circumstances. If, during the term of the Agreement, her employment is terminated by us other than for "cause," or she resigns for "good reason," she would be entitled to continuation of her base salary at the rate in effect immediately prior to the termination date for the greater of (x) the time remaining in the current term (i.e. the initial term or a subsequent term) or (y) 60 days following the termination date (the "Severance Period"). The Company will continue to pay for Mr. Ms. Kenney's health and dental coverage for the shorter of (x) the severance period or (y) the maximum period permissible under COBRA. In addition, she would receive 100% of the maximum amount of his annual bonus for the calendar year in which the termination occurs, paid generally at the same time as other executives receive their bonuses.

Under the Agreement, "Cause" means generally that Ms. Kenney (i) *committed* any act of fraud, embezzlement, or any other willful misconduct that is demonstrably and materially injurious to the Company, or (ii) violated any material written Company policy or rules of the Company (provided such policies and rules must be commercially reasonable) and such violation is not cured by Executive within 30 days following written notice thereof to Executive, or (iii) refused to follow the reasonable written directions given by the Board or its designee or breached any material covenant or obligation under this Agreement or any other written agreement with the Company and such refusal or breach is not cured by Executive withing 30 days following written notice thereof to Executive.

"Good Reason" means generally the material breach by the Company of the Agreement; (a) any reduction in Executive's Base Salary; (b) a material reduction in Executive's authority, duties or responsibilities, including without limitation, removing Executive as Chief Financial Officer; (c) relocation by the Company of Executive's work site to a facility or location more than 15 miles from the Executive's current principal work site for the Company; (d) imposition of a requirement that Executive report to anyone other than a Company officer or employee rather than directly to the Board; or (e) a material breach by the Company of any of its obligations under this Agreement or any other written agreement or covenant with Executive.

 *Marilu Brassington Consulting Agreement*

 

On October 31, 2024, the Company and Marilu Brassington entered into an oral agreement for Ms. Brassington to serve as chief financial officer for a one-year term, subject to one-year renewals. Pursuant to the agreement, Ms. Brassington receives an initial base salary of $60,000 for the initial six months of the term and then $120,000 for the subsequent six months of the term. Ms. Brassington was also granted 200,000 shares of Common Stock.

 

 

 

 

 *Peter D'Arruda Compensation Agreement*

We do not have a written employment agreement with Peter D'Arruda. On August 21, 2020, the Company granted Peter D'Arruda 5,000,000 shares of Common Stock. The Company additionally agreed to issue Mr. D'Arruda 1,000,000 shares of Common Stock annually for 5 years. Mr. D'Arruda was appointed to serve as the Chief Marketing Officer in October 2024.

 

 *Randy Ulrich Compensation Agreement*

 

In October 1, 2024, the Company appointed Randy Ullrich as Chief Technical Officer. He was granted 2,500,000 shares of Common Stock. Of the 2,500,000 shares granted, 500,000 vest annually over a five year period with the initial vesting occurring on October 1, 2025.

**Stock Option Plan and other Employee Benefits Plans**

The Company does not have a Stock Option Plan or other Employee Benefit Plans.

**Overview of Compensation Program**

The Company does not currently have a Compensation Committee of the Board of Directors. Until a formal committee is established, our entire Board of Directors has responsibility for establishing, implementing and continually monitoring adherence with the Company's compensation philosophy.

**Role of Executive Officers in Compensation Decisions**

The Board of Directors makes all compensation decisions for, and approves recommendations regarding equity awards to, the executive officers and directors of the Company. Executive officers, including the Company's CEO, are only consulted with respect to the performance of other officers of the Company.

**CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS**

*Transactions*

 

1. On October 11, 2021, the Company entered into a Master Revolving Note (the "Note") with Ridepair Programming, LLC (the
"Holder"). Under the terms of the Note, the Holder may advance the Company the sum of up to One Million Five Hundred Thousand
Dollars ($1,500,000). Interest shall not be payable on the unpaid principal balance until maturity, whether by acceleration or otherwise
or upon the occurrence of an Event of Default, as later defined, at a per annum rate equal to Ten Percent (10.0%), and after that at
a rate equal to the Default Rate of 15%. The Note is secured by three million (3,000,000) shares of the Company's Common Stock.
As of June 1, 2025, the Holder has advanced a total of $1,764,500 to the Company. Peter D'Arruda, the Company's Chief Marketing
Officer, is the Manager of the Holder.

2. On October 1, 2024, Randy Ullrich, the
Company's Chief Technical Officer, was granted 2.5 million shares of common stock. The shares vest 500,000 shares per year for
5 years with initial vesting on October 1, 2025.

**PRINCIPAL STOCKHOLDERS**

The following table sets forth the beneficial ownership of our Common Stock as of June 1, 2025 by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· each shareholder known by us to beneficially own more than 5% of our
 outstanding Common Stock;

· each of our directors;

· each of our named executive officers; and

· all of our directors and executive officers as a group.

We have determined beneficial ownership in accordance with the rules of the SEC. These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting of securities, or to dispose or direct the disposition of securities. A security holder is also deemed to be, as of any date, the beneficial owner of all securities that such security holder has the right to acquire within 60 days after such date through (i) the exercise of any option or warrant, (ii) the conversion of a security, (iii) the power to revoke a trust, discretionary account or similar arrangement, or (iv) the automatic termination of a trust, discretionary account or similar arrangement. Except as disclosed in the footnotes to this table and subject to applicable community property laws, we believe that each person identified in the table has sole voting and investment power over all of the shares shown opposite such person's name.

**<u>Common Stock</u>**

Percentage ownership in the following table is based on 36,714,525 shares of Common Stock outstanding as of June 1, 2025.

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| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Name of Beneficial Owner (1)** | **Common Stock**<br> **Beneficially**<br>**Owned** | **Percentage of Common Stock**<br>**(2)** | **Voting**<br>**Shares** | **Percentage of Voting Shares**<br> **(3)** |
| **5% Stockholders** |  |  |  |  |
| Alpha Consulting Group (4) | 15000000 | 40.86% | 15000000 | 40.86% |
| AKNM Irrevocable Trust (5) | 15000000 | 40.86% | 15000000 | 40.86% |
| **Current Executive Officers and Directors** |  |  |  |  |
| Deborah Kenney (6) | 15000000 | 40.86% | 15000000 | 40.86% |
| Marilu Brassington (7) |  | \* |  | \* |
| Peter J. D'Arruda (8) | 4800000 | 13.07% | 4800000 | 13.07% |
| Randy Ullrich (9) | – | \* | – | \* |
| **Total Executive Officers and Directors** | 19800000 | 53.93% | 19800000 | 53.93% |

---

\* Less than once percent

&nbsp;&nbsp;&nbsp;&nbsp;(1) Beneficial Ownership is determined in accordance with the rules of
 the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. Shares of common
 stock subject to options, warrants, or convertible debt currently exercisable or convertible, or exercisable or convertible within
 60 days of June 1, 2025 are deemed outstanding for computing percentage of the person holding such option or warrant but are not
 deemed outstanding for computing the percentage of any person. Percentages are based on a total of shares of common stock outstanding
 June 1, 2025, and the shares issuable upon exercise of options, warrants exercisable, and debt convertible on or within 60 days of
 June 1, 2025.

(2) The number of common shares outstanding used in computing the percentages
 is 36,714,525 and includes all shares of Series A Preferred Stock converted into common stock on a 10:1 ratio.

(3) The number of Voting Shares used in computing the Percentage of Voting
 Shares is 36,714,525. Please see " [Description of Securities](#a_023) " for further information.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Included within Alpha Consulting Group's ownership is 1,500,000
 shares of the Company's Series A Preferred Stock that converts into the Company's common stock on a 10:1 ratio. As
 of the date hereof, all the Series A Preferred Stock is outstanding. The address for Alpha Consulting Group is 19448 Laroda Lane,
 Santa Clarita, CA 91350 and its control person is Deborah Kenney, the Company's President.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Included within AKNM Irrevocable Trust's ownership is 1,500,000
 shares of the Company's Series A Preferred Stock that converts into the Company's common stock on a 10:1 ratio. The address
 for AKNM Irrevocable Trust is 18200 Von Karmen, Suite 800, Irvine, CA 92612 and its control person is Pablo Penaloza.

(6) Included within Ms. Kenney's ownership is 1,500,000 shares of
 Series A Preferred Stock, that converts into the Company's common stock on a 10:1 ratio, held in the name of Alpha Consulting
 Group. The address for Ms. Kenney is 19448 Laroda Lane, Santa Clarita, CA 92612. Ms. Kenney is the control person for Alpha Consulting
 Group. The shares held by Alpha Consulting are also listed as beneficially owned by Ms. Kenney.

(7) The address for Ms. Brassington is 2816 Ladbrook Way, Thousand Oaks,
 CA 91361.

(8) Included within Mr. D'Arruda's ownership is 4,800,000 shares
 of common stock. The address for Mr. D'Arruda is 124 Poppleford Place, Cary, NC 27518. Mr. D'Arruda has a convertible
 note with the Company for $1,029,004 that converts at $0.50 per share. As the loan can only be converted upon the sale of the Company
 or 10 years from the issuance of the Note, these shares are not included in the shares beneficially owned by Mr. D'Arruda.

(9) The address for Mr. Ullrich is 983 Marisa Lane, Encinitas, CA 92024.
 Mr. Ullrich has been granted 2.5 million shares on October 1, 2024. The shares vest as 500,000 shares per year for each of the next
 five years. As the initial vesting occurs on October 1, 2025, these shares are not included in the shares beneficially owned by Mr.
 Ullrich.

**<u>Series A Preferred Stock</u>**

Percentage ownership in the following table is based on 3,000,000 shares of Series A Preferred Stock outstanding as of June 1, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Name of Beneficial Owner (1)** | **Series A<br> Preferred Stock**<br>**Beneficially<br> Owned** | **Percentage of <br> Series A**<br>**Preferred <br> Stock** |<br>**Voting <br> Shares (1)** |<br>**Percentage of Voting Shares (2)** |
| **5% Stockholders** |  |  |  |  |
| Alpha Consulting Group | 1500000 | 50.00% | 30000000 | 44.97% |
| AKNM Irrevocable Trust | 1500000 | 50.00% | 30000000 | 44.97% |
| **Total** | 3000000 | 100.00% | 60000000 | 89.94% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Each share of Series A Preferred Stock is entitled to 20 votes for
 matters brought before shareholders requiring a vote.

(2) The number of Voting Shares used in computing the Percentage of
 Voting Shares is 66,714,525, which includes 6,714,525 shares of common stock outstanding each with one vote and 3,000,000 shares
 of Series A Preferred Stock outstanding each with 20 votes per share. Please see " [Description of Securities](#a_023) " for further
 information.

**SECURITIES OFFERED**

This is a public offering of securities of RidePair Inc. We are offering 55,000 shares of our Series B Preferred Stock at an offering price of $1,000.00 per share. Such Offered Shares include up to 5,000 shares issuable as Incentive Shares. See the Section of this Offering Circular entitled "Plan of Distribution" for a further description of the Incentive Shares. The description of the Series B Preferred Stock is included below in "Description of Securities".

**DESCRIPTION OF SECURITIES**

*The following is a summary of the rights of our capital stock as provided in our certificate of incorporation and bylaws, as amended to date. For more detailed information, please see our articles of incorporation and bylaws, which have been filed as exhibits to the Offering Statement of which this Offering Circular is a part.*

**General**

Market capital structure:

**Current Capitalization**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security** | **Par Value** | **Par Value** | **Authorized** | **Authorized** | **Outstanding** | **Outstanding** | **Voting Rights** | **Voting Rights** |
| Common Stock |  | 0.0001 |  | 300000000 |  | 6714525 |  | 1:1 |
| Series A Preferred Stock |  | 0.0001 |  | 3000000 |  | 3000000 |  | 20.1 |
| Series B Preferred Stock |  | 0.0001 |  | 100000 |  | 0 |  | none |

---

**Capitalization After the Offering**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security** | **Par Value** | **Authorized** | **Outstanding** |  | **Voting Rights** |
| Common Stock | 0.0001 | 300000000 | 6714525 |  | 1:1 |
| Series A Preferred Stock | 0.0001 | 3000000 | 3000000 |  | 20.1 |
| Series B Preferred Stock | 0.0001 | 100000 | 60500 | (1) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Assumes that all Offered Shares of the Company's Series B Preferred Stock are
sold in the offering and (i) that all investors purchasing shares in this offering meet the Incentive Threshold and (i) that the PIK
Dividend shares are paid for the period commencing on July 15, 2025 through July 15, 2026.

**Capitalization After Conversions**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Par Value** | **Authorized** | **Outstanding** | **Voting Rights** |
| Common Stock (1)(2) | 0.0001 | 300000000 | 60814525 | 1:1 |
| Series A Preferred Stock (1) | 0.0001 | 3000000 | 0 | 20.1 |
| Series B Preferred Stock (2) | 0.0001 | 100000 | 0 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Assumes that all shares of the Company's
 Series A Preferred Stock have been converted into Common Stock on a 10:1 basis.

(2) Assumes that all Offered Shares are sold in the
 offering and that all such (i) Offered Shares, (ii) Incentive Shares (assuming 100% of investors received Incentive Shares), and
 (iii) PIK Dividend Shares (assuming PIK Dividends are paid for all Offered Shares for the period commencing on July 15, 2025 through
 July 15, 2026) are converted into Common Stock. All shares of Series B Preferred Stock initially convert by dividing the stated value
 per share ($1,000) by the conversion price of $2.50, subject to adjustment.

**<u>Preferred stock</u>**

The Company is authorized to issue 10,000,000 shares of Preferred stock, par value $.0001.

*Series A Preferred Stock*

The Company designated a series of preferred stock as Series A Convertible Preferred Stock (the "<u>Series A Preferred Stock</u>") providing that the rights, preferences, privileges and restrictions granted to and imposed on the Preferred Stock of the Company are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Designation, Amount and Par Value</u>. This series of Preferred Stock shall be designated as "Series A Convertible Preferred Stock" and the number of shares of such series shall be 3,000,000 shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Voting.</u> Each Series A Convertible Preferred Share will entitle the holder thereof to twenty (20) votes on all matters submitted to a vote of the shareholders of the Corporation. Except as otherwise provided herein or in any other Certificate of Designation creating a series of Preferred Shares or by law, the holders of Series A Convertible Preferred Shares and the holders of Common Shares and any other capital shares of the Corporation having general voting rights shall vote together as one class on all matters submitted to a vote of the shareholders of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Dividends.</u> The holders of outstanding Series A Convertible Preferred Stock shall only be entitled to receive dividends upon declaration by the Board of Directors of a dividend payable on the Corporation's Common Stock whereupon the holders of the Series A Convertible Preferred Stock shall receive a dividend on the number of shares of Common Stock in to which each share of Series A Convertible Preferred Stock is convertible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Conversion.</u> Subject to the provisions of this subdivision (6), the holder of record of any share or shares of Series A Convertible Preferred Stock shall have the right, at their individual option, at any time and from time to time, to convert one (1) share of Series A Convertible Preferred Stock into ten (10) fully paid and nonassessable shares of Common Stock of the Company.

As of September 30, 2024 and 2023, the Company had 3,000,000 shares of Series A Preferred Stock outstanding.

*Series B Preferred Stock*

Prior to the completion of the offering of the Series B Preferred Stock, the Company will file a Certificate of Designations with the Secretary of State of the State of Delaware. The Series B Preferred Stock will have the rights, preferences, privileges and restrictions granted to and imposed on the Series B Preferred Stock as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Designation, Amount and Par Value</u>. The Series B Preferred Stock will be designated as Series B 10% Convertible Preferred Stock and the number of shares so designated shall be 100,000. Each share of Series B Preferred Stock shall have a par value of $0.0001 per share and a stated value of $1,000 per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) <u>Closings</u>. The offering of the Series B Preferred Stock will have multiple closings. It is anticipated that each closing will occur on the first day of each month, subject to management's discretion to have additional closings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) <u>Voting.</u> The Holders of shares of Series B Preferred Stock shall not be entitled to vote with the holders of Common Stock on any matters submitted to a vote of stockholders of the Company, except as otherwise provided by law or with respect to certain customary negative covenants, such as amending the organizational documents of the Company in a matter negative to the holders of Series B Preferred Stock, increasing the authorized shares of preferred stock, or creating senior preferred stock with respect to dividends or distributions on liquidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) <u>Dividends.</u> The Series B Preferred Stock will earn dividends at the rate of 10% per annum from issuance. For the periods commencing on each closing of this offering through July 15, 2026, Dividends will be paid through the issuance of additional shares of Series B Preferred Stock or PIK Dividends with any fractional share resulting therefrom, being paid in cash in lieu of the PIK Dividend. Thereafter, from July 16, 2026 through July 15, 2030, all Dividends, to the extent legally available, will be paid in cash on a quarterly basis on each occurrence of January 15th, April 15th, July 15th and October 15th. Such cash Dividends will be paid through the return of capital from the escrowed funds from this offering and then through the Company's profits, to the extent legally available under Delaware law. The final Dividend payment will be payable on July 15, 2030.

The Company will deposit 10% of the proceeds from this offering into an escrow account of the Company's choosing, as a contingency to make the payments to the holders of the Series B Preferred Stock for any cash Dividends required to be paid (whether for cash payments for fractional shares for PIK Dividends or for required cash Dividends occurring after July 15, 2026. The Company will be required to have sufficient operating profits to continue making cash payments for the Dividends. In the event the Company does not have sufficient profits, it will use the escrowed funds as a return on capital as opposed to a dividend and the Series B Preferred Stock holders will be informed through the dividend statements accompanying the cash Dividends and with their tax statements that they are not receiving net profits, and that they should not assume that the source of these distributions are net profits. If Dividends are paid from operating profits, then the Company will move the escrowed capital to its operating account and use the capital for general working capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e) <u>Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Conversion at Option of Holder* - Each one (1) share of Series B <u>Preferred Stock</u> shall be convertible into shares of Common Stock by the holder, based on the stated value ($1,000) divided by a conversion price of $2.50, subject to adjustment for stock splits, dividends, pro rata distributions, and fundamental transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) *Conversion at the Option of the Company* – in case of an acquisition of the Company at an aggregate price per share more than $2.50 per share of Common Stock, or in the event that the shares of Common Stock are publicly tradeable at a price equal to or greater than $4.00 per share, the Company shall have the right to force the holders to convert the Series B Preferred Stock into Common Stock at the same conversion price. On July 15, 2030, any Series B Preferred Stock that is outstanding, shall be automatically converted into Common Stock at the same conversion price, provided that all Dividends have been paid through July 15, 2030.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f) <u>Adjustments.</u> In the event of a fundamental transaction, as described in the Certificate of Designations for the Series B Preferred Stock, and generally including any reorganization, recapitalization or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person or group becoming the beneficial owner of 50% of the voting power represented by our outstanding common stock, the Series B Preferred Stock holders will be entitled to receive upon conversion of their shares into Common Stock, the kind and amount of securities, cash or other property that the holders would have received had they converted their Series B Preferred Stock immediately prior to such fundamental transaction. Any successor to us or surviving entity shall assume the obligations under the Series B Preferred Stock.

As of September 30, 2024 and 2023, the Company had 0 shares of Series B Preferred Stock outstanding.

**<u>Common Stock</u>**

The Company is authorized to issue 300,000,000 shares of Common Stock, par value $.0001.

The Delaware Statues provides that the holders of the Common Stock shall have one vote per share. In addition, except as otherwise required by law, as provided in this Articles of Incorporation, and as otherwise provided in the resolution or resolutions, if any, adopted by the Board with respect to any series of the Preferred Stock, on any matter presented to the holders of Common Stock and Preferred Stock for their action or consideration at any meeting of stockholders of the Company (or by written consent of stockholders in lieu of meeting), the holders thereof shall vote together as a single class.

Holders of the Common Stock will have no preemptive or conversion rights or other subscription rights. The Bylaws of the Company provide that the holders of Common Stock shall not have a right to cumulative voting. The rights, preferences, and privileges of the holders of the Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that the Company may designate and issue in the future. Additionally, the Bylaws may be amended by the Company's stockholders or the Board of Directors.

As of September 30, 2024 and 2023, the Company had 6,484,525 and 4,631,675 shares of Common Stock outstanding, respectively.

**Delaware Anti-Takeover Law**

Certain provisions of our charter documents and Delaware law could have an anti-takeover effect and could delay, discourage or prevent a tender offer or takeover attempt that a stockholder might consider to be in its best interests, including attempts that might otherwise result in a premium being paid over the market price of our common stock.

Our certificate of incorporation and by-laws contain provisions that could have the effect of delaying or preventing changes in control or changes in our management without the consent of our board of directors, including, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· no cumulative voting in the election of directors, which limits the
 ability of minority stockholders to elect director candidates;

· the ability of our board of directors to issue shares of preferred
 stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval,
 which could be used to significantly dilute the ownership of a hostile acquirer;

· the exclusive right of our board of directors to elect a director to

 stockholders from being able to fill vacancies on our board of directors;

· the requirement that a special meeting of stockholders may be called
 only by a majority vote of our board of directors or by stockholders holding shares of our common stock representing in the
 aggregate more than 20 percent (20%) of the votes then outstanding, which could delay the ability of our stockholders to force
 consideration of a proposal or to take action, including the removal of directors;

· the ability of our board of directors, by majority vote, to amend our
 by-laws, which may allow our board of directors to take additional actions to prevent a hostile acquisition and inhibit the ability
 of an acquirer to amend our by-laws to facilitate a hostile acquisition; and

· advance notice procedures with which stockholders must comply to nominate
 candidates to our board of directors or to propose matters to be acted upon at a stockholders' meeting, which may discourage
 or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer's own slate of directors or otherwise
 attempting to obtain control of us.

**Delaware Anti-Takeover Statute**

We are also subject to certain anti-takeover provisions under the General Corporation Law of the State of Delaware, or the DGCL. Under Section 203 of the DGCL, a corporation may not, in general, engage in a business combination with any holder of 15% or more of its capital stock unless the holder has held the stock for three years or (i) our board of directors approves the transaction prior to the stockholder acquiring the 15% ownership position, (ii) upon consummation of the transaction that resulted in the stockholder acquiring the 15% ownership position, the stockholder owns at least 85% of the outstanding voting stock (excluding shares owned by directors or officers and shares owned by certain employee stock plans) or (iii) the transaction is approved by the board of directors and by the stockholders at an annual or special meeting by a vote of 66 2/3% of the outstanding voting stock (excluding shares held or controlled by the interested stockholder). These provisions in our certificate of incorporation and by-laws and under Delaware law could discourage potential takeover attempts.

**DIVIDEND POLICY**

**Dividends**

The Company has not declared or paid a cash dividend to stockholders since it was organized and does not intend to pay dividends in the foreseeable future, except for the dividends payable on the Series B Preferred Stock issued in this offering. The board of directors presently intends to retain any earnings to finance our operations and does not expect to authorize cash dividends in the foreseeable future. Any other payment of cash dividends in the future will depend upon the Company's earnings, capital requirements and other factors.

*Series B Preferred Stock Dividend Policy*

The Series B Preferred Stock will accrue Dividends beginning on the applicable closing date, at a cumulative rate of 10% per year, based on a 360 day year, consisting of twelve (12) equal thirty (30) day months. Dividend payments will be made on January 15, April 15, July 15<sup>th</sup>, and October 15<sup>th</sup> of each year. Notwithstanding, the first Dividend payment will be made on July 15, 2026 and will be paid in kind (PIK Dividend), except that any PIK Dividend that would result in a fractional share payment will have such fractional share payment paid in cash. All Dividend payments made thereafter, will be paid in cash. The final Dividend payment will be on July 15, 2030.

The Company will allocate 10% of the proceeds from this offering into an escrow account of the Company's choosing, as a contingency to make the payments to the holders of the Series B Preferred Stock for any cash Dividends required to be paid (whether for cash payments for fractional shares for PIK dividends or for required cash Dividends occurring after July 15, 2026. The Company anticipates that it will have sufficient operating profits to continue making cash payments for the Dividends, as required, but there can be no assurances that such operating profits are realized. In the event the Company does not have sufficient profits, it will use the escrowed funds as a return on capital as opposed to a dividend and the Series B Preferred Stock holders will be informed through the dividend statements accompanying the cash Dividends and with their tax statements that they are not receiving net profits, and that they should not assume that the source of these distributions are net profits. If Dividends are paid from operating profits, then the Company will move the escrowed capital to its operating account and use the capital for general working capital

**Transfer Agent**

The Company is acting as its own transfer agent at the time of this filing, may retain a transfer agent in the future.

**SHARES ELIGIBLE FOR FUTURE SALE**

There is no market for our Series B Preferred Stock or the Common Stock underlying such Series B Preferred Stock. Future sales of substantial amounts of our Common Stock, or securities or other instruments convertible into our Common Stock, in the public or private market, or the perception that such sales may occur, could adversely affect the potential future market price or value of our Common Stock prevailing from time to time. Furthermore, because there will be limits on the number of shares available for resale shortly after this Offering due to contractual and legal restrictions described below, there may be resales of substantial amounts of our Common Stock, once and if our Common Stock begins trading on a quoted exchange, in the public market after those restrictions lapse. This could adversely affect the market price of our Common Stock prevailing at that time.

**Rule 144**

In general, a person who has beneficially owned restricted shares of our Common Stock for at least twelve months, in the event we are a reporting company under Regulation A, or at least six months, in the event we have been a reporting company under the Exchange Act for at least 90 days before the sale, would be entitled to sell such securities, provided that such person is not deemed to be an affiliate of ours at the time of sale or to have been an affiliate of ours at any time during the 90 days preceding the sale. A person who is an affiliate of ours at such time would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of shares that does not exceed the greater of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 1% of the number of shares of our Common Stock then outstanding; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the average weekly trading volume of our Common Stock during the four
 calendar weeks preceding the filing by such person of a notice on Form 144 with respect to the sale;

provided that, in each case, we are subject to the periodic reporting requirements of the Exchange Act for at least 90 days before the sale. Rule 144 trades must also comply with the manner of sale, notice and other provisions of Rule 144, to the extent applicable.

**LEGAL MATTERS**

Certain legal matters with respect to the shares of Series B Preferred Stock offered hereby will be passed upon by the Silvestre Law Group, P.C. whose address is 2629 Townsgate Rd., Suite 215, Westlake Village, CA 91361.

**EXPERTS**

The financial statements of RidePair Inc. for the years ended September 30, 2024 and 2023, included in this Offering Statement have been audited by Victor Mokuolu, CPA PLLC an independent auditor, as stated in their report thereon and incorporated by reference in this Offering Statement, in reliance upon such report and upon the authority of said firm as experts in accounting and auditing.

**WHERE YOU CAN FIND MORE INFORMATION**

We have filed with the SEC an Offering Statement on Form 1-A pursuant to Regulation A promulgated under the Securities Act with respect to the shares of Series B Preferred Stock offered hereby. This Offering Circular, which constitutes a part of the Offering Statement, does not contain all of the information set forth in the Offering Statement or the exhibits and schedules filed therewith. For further information about us and the Series B Preferred Stock offered hereby, we refer you to the Offering Statement and the exhibits and schedules filed therewith. Statements contained in this Offering Circular regarding the contents of any contract or other document that is filed as an exhibit to the Offering Statement are not necessarily complete, and each such statement is qualified in all respects by reference to the full text of such contract or other document filed as an exhibit to the Offering Statement. Upon the qualification of the offering statement, we will become subject to the informational reporting requirements that are applicable to Tier 2 companies whose securities are qualified pursuant to Regulation A, and accordingly, we will file annual reports, semi-annual reports and other information with the SEC. You may read and copy this information at the SEC's Public Reference Room, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet website that contains reports, proxy statements and other information about issuers, including us, that file electronically with the SEC. The address of this site is <u>www.sec.gov</u>.

**RIDEPAIR INC.**

**FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | Page |
| Financial Statements (Audited) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Report of Independent Registered Public Accounting Firm | F-2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Balance Sheets at September 30, 2024 and 2023](#a_002) | F-3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Statements of Operations for the years ended September 30, 2024 and 2023](#a_003) | F-4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Statements of Changes in Stockholders' Deficit for the years ended September 30, 2024 and 2023](#a_005) | F-5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Statements of Cash Flows for the years ended September 30, 2024 and 2023](#a_004) | F-6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Notes to the Financial Statements](#a_006) | F-7 - F-20 |

---

VICTOR MOKUOLU, CPA PLLC<br> **Accounting \| Advisory \| Assurance & Audit \| Tax**<br>

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Shareholders and

Board of Directors of RidePair Inc.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheets of RidePair, Inc. (the "Company") as of September 30, 2024, and September 30, 2023, and the related statements of operations, changes in stockholders' deficit, and cash flows, for the years ended September 30, 2024, and September 30, 2023, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2024, and September 30, 2023, and the results of its operations and its cash flows for the years ended September 30, 2024, and September 30, 2023, in conformity with accounting principles generally accepted in the United States of America.

**Substantial Doubt about the Company's ability to continue as a Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As disclosed in Note 2, Going Concern, to the financial statements, the Company has incurred losses totaling $5,246,049 since inception, has not yet generated revenue from its operations; and as of September 30, 2024, and September 30, 2023, the Company had a working capital deficit of $805,009 and $369,458, respectively. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2, Going Concern, to the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

**Critical Audit Matters**

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the Board of Directors (audit committee equivalent) and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

---

| |
|:---|
| We have served as the Company's auditor since 2025. |
| Houston, Texas |

---

June 9, 2025

www.vmcpafirm.com \| Ph: 713.588.6622 \| Fax: 1.833.694.1494 \| ask@vmcpafirm.com

**RIDEPAIR INC.**

**BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **September 30, <br> 2024** | **September 30, <br> 2023** |
| **ASSETS** |  |  |
| **Current Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $27952 | $322112 |
| **Total Current Assets** | 27952 | 322112 |
| &nbsp;&nbsp;&nbsp;Software development | 647600 | 267200 |
| **TOTAL ASSETS** | $675552 | $589312 |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| **Current Liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | $810700 | $625690 |
| &nbsp;&nbsp;&nbsp;Related party credit card payable | 22261 | 10882 |
| &nbsp;&nbsp;&nbsp;Convertible notes payable, short-term including accrued interest | – | 55000 |
| **Total Current Liabilities** | 832961 | 691570 |
| &nbsp;&nbsp;&nbsp;Long term business loans | 35796 |  |
| &nbsp;&nbsp;&nbsp;Related party payable (deferred compensation) | 765500 | 630500 |
| &nbsp;&nbsp;&nbsp;Related party loan including accrued interest | 1202220 | 894178 |
| **Total Long - Term Liabilities** | 2003516 | 1524678 |
| **Total Liabilities** | $2836477 | $2216248 |
| **Stockholders' Deficit:** |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock; 10,000,000 shares authorized, $0.0001 par value: |  |  |
| &nbsp;&nbsp;&nbsp;Series A Preferred Stock; 3,000,000 authorized, par value $0.0001, as of September 30, 2024 and September 30, 2023, there are 3,000,000 and 3,000,000 shares outstanding, respectively | 300 | 300 |
| &nbsp;&nbsp;&nbsp;Common stock: 300,000,000 authorized, $0.0001 par value, as of September 30, 2024 and September 30, 2023, there are 6,484,525 and 4,631,675 shares outstanding, respectively | 648 | 463 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 3084197 | 2128532 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (5246069) | (3756233) |
| Total Stockholders' Deficit | (2160924) | (1626938) |
| **TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT** | $675552 | $589312 |

---

***The accompanying notes are an integral part of these financial statements***

**RIDEPAIR INC.**

**STATEMENTS OF OPERATIONS**

---

| | | |
|:---|:---|:---|
|  | **Years Ended <br> September 30,** | **Years Ended <br> September 30,** |
|  | **2024** | **2023** |
| Revenues | $– | $– |
| Cost of revenue | – | – |
| **Gross Profit** | – | – |
| **Operating Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 94148 | 41552 |
| &nbsp;&nbsp;&nbsp;Professional fees | 1099223 | 1072892 |
| &nbsp;&nbsp;&nbsp;Amortization | 178600 | 66800 |
| **Total Operating Expenses** | 1371971 | 1181244 |
| **Loss from operations** | (1371971) | (1181244) |
| **Other Expense** |  |  |
| &nbsp;&nbsp;&nbsp;Other income (expense) | 94 | 28 |
| &nbsp;&nbsp;&nbsp;Interest expense | (117959) | (35065) |
| **Net Other Expense** | (117865) | (35065) |
| **Net Loss** | $(1489836) | $(1216281) |
| **Net Loss Per Common Share: Basic and Diluted** | $(0.29) | $(0.47) |
| **Weighted Average Number of Common Shares Outstanding: Basic and Diluted** | 5134551 | 3587510 |

---

***The accompanying notes are an integral part of these financial statements***

**RIDEPAIR INC.**

**STATEMENT OF CHANGES IN STOCKHOLDERS DEFICIT**

*For the years ended September 30, 2024 and 2023*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Series Preferred Stock** | **Series Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Number of Shares** | **Amount** | **Number of Shares** | **Amount** | **Additional**<br>**Paid-in<br> Capital** |<br>**Accumulated Deficit** | **Total**<br>**Stockholder's Deficit** |
| **Balance September 30, 2022** | 3000000 | $300 | 3316325 | $332 | $1468413 | $(2539952) | $(1071007) |
| &nbsp;&nbsp;Common shares issued for warrants |  |  | 110000 | 111 | 54989 |  | 55000 |
| &nbsp;&nbsp;Common shares issued for stock compensation |  |  | 1200000 | 120 | 599880 |  | 600000 |
| &nbsp;&nbsp;Common shares issued for convertible notes including accrued interest |  |  | 5350 | 1 | 5349 |  | 5350 |
| &nbsp;&nbsp;Net loss for the twelve months ended September 30, 2023 | – | – | – | – | – | (1216281) | (1216281) |
| **Balance September 30, 2023** | 3000000 | $300 | 4631675 | $463 | $2128532 | $(3756233) | $(1626938) |
| **Balance - September 30, 2023** | 3000000 | $300 | 4631675 | $463 | $2128532 | $(3756233) | $(1626938) |
| &nbsp;&nbsp;Common shares issued for warrants |  |  | 394000 | 39 | 196961 |  | 197000 |
| &nbsp;&nbsp;Common shares issued for stock compensation |  |  | 1400000 | 140 | 699860 |  | 700000 |
| &nbsp;&nbsp;Common shares issued for convertible notes including accrued interest |  |  | 58850 | 6 | 58844 |  | 58850 |
| &nbsp;&nbsp;Net loss for the twelve months ended September 30, 2024 | – | – | – | – | – | (1489836) | (1489836) |
| **Balance - September 30, 2024** | 3000000 | $300 | 6484525 | $648 | $3084197 | $(5246069) | $(2160924) |

---

***The accompanying notes are an integral part of these financial statements.***

**RIDEPAIR INC.**

**STATEMENTS OF CASH FLOWS**

---

| | | |
|:---|:---|:---|
|  | **For the Years Ended <br> September 30,** | **For the Years Ended <br> September 30,** |
|  | **2024** | **2023** |
| **OPERATING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(1489836) | $(1216281) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Stock based compensation | 700000 | 600000 |
| &nbsp;&nbsp;&nbsp;Conversion of accrued interest | 3850 | 350 |
| &nbsp;&nbsp;&nbsp;Amortization of software development | 178600 | 66800 |
| &nbsp;&nbsp;&nbsp;Accrued interest | 108042 | 34368 |
| &nbsp;&nbsp;&nbsp;Related party payable - deferred compensation | 135000 | 170500 |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | 196389 | 186571 |
| &nbsp;&nbsp;&nbsp;Net Cash Used by Operating Activities | (167956) | (157792) |
| **INVESTING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Software development | (559000) | (334000) |
| &nbsp;&nbsp;&nbsp;Net Cash Used in Investing Activities | (559000) | (334000) |
| **FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from exercise of warrants | 197000 | 55000 |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of convertible notes payable |  | 55000 |
| &nbsp;&nbsp;&nbsp;Long term business loans | 35796 |  |
| &nbsp;&nbsp;&nbsp;Related party loan | 200000 | 649750 |
| &nbsp;&nbsp;&nbsp;Net Cash Provided by Financing Activities | 432796 | 759750 |
| Net increase (decrease) in cash | (294160) | 268058 |
| Cash, beginning of period | 322112 | 54054 |
| Cash, end of period | $27952 | $322112 |
| **Supplemental cash flow information:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $– | $– |
| &nbsp;&nbsp;&nbsp;Cash paid for taxes | $– | $– |
| **Non-cash transactions:** |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of convertible Notes Payable | $– | $55000 |
| &nbsp;&nbsp;&nbsp;Conversion of note payable in exchange | $55000 | $5000 |

---

***The accompanying notes are an integral part of these financial statements***

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS**

Ridepair Inc. (hereinafter "RidePair", the "Company", "Our", "We", or "Us") was incorporated under the laws of the State of Delaware on November 20, 2018 under the name of Bit Forge L.A. Inc. On August 20, 2020, the Company filed an Amended and Restated Certificate of Incorporation changing the name of the corporation to RidePair Inc. Our principal executive office is located at 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405 and our telephone number is (818) 770-5933. Our website address is www.ridepair.io. The information contained on, or that can be accessed through, our website is not a part of this Registration Statement. We have included our website address in this Registration Statement solely as an inactive textual reference.

The Company will generate revenue from Rides shares and commuters ("Users)". The users will download the app and the company will generate revenues from the users using the app similarly to any ridesharing app.

**NOTE 2 – GOING CONCERN**

As of September 30, 2024, the Company has incurred losses totaling $5,246,069 since inception, has not yet generated revenue from its operations, and will require additional funds to maintain our operations. As of September 30, 2024 and September 30, 2023, the Company had a working capital deficit of $805,009 and $369,458, respectively.

The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months through continued financial support from its stockholders, the issuance of debt securities and private placements of common stock.

While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company's activities will generate sufficient revenues to sustain its operations without additional capital or, if additional capital is needed that such funds, if available, will be obtainable in terms of satisfactory to the Company.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company's ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Basis of Presentation**

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") as promulgated in the United States of America.

All figures are in U.S. Dollars.

The fiscal year end is September 30.

 ****

***Use of Estimates***

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Significant estimates and assumptions reflected in these financial statements include, but are not limited to, stock-based compensation, accounting for preferred stock, and the valuation of acquired assets and liabilities. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates when there are changes in circumstances, facts, and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates.

**Cash and Cash Equivalents**

Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company had cash on hand of $27,952 and $322,112 as of September 30, 2024 and 2023, respectively. The Company had no cash equivalents as of September 30, 2024 and 2023.

*Revenue Recognition*

Under Financial Accounting Standards Board ("FASB") Topic 606, "Revenue from Contacts with Customers" ("ASC 606"), the Company recognizes revenue when the customer obtains control of promised goods or services, in an amount that reflects the consideration which is expected to be received in exchange for those goods or services. The Company recognizes revenue following the five-step model prescribed under ASC 606: (i) identify contract(s) with a customer; (ii) identify the performance obligation(s) in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligation(s) in the contract; and (v) recognize revenues when (or as) the Company satisfies a performance obligation.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)**

*Accounts Receivable*

 

The Company does not currently maintain reserves for potential credit losses on accounts receivable in accordance with ASC 326 Financial Instruments Credit Losses since the Company is not yet selling its technology. Once the Company sells its technology, management will review the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Reserves will be recorded primarily on a specific identification basis. As of September 30, 2024 and 2023, the Company did not have an allowance for doubtful accounts.

*Convertible Debt*

When the Company issues convertible debt, it first evaluates the balance sheet classification of the convertible instrument in its entirety to determine whether the instrument should be classified as a liability under ASC 480, Distinguishing Liabilities from Equity, and second whether the conversion feature should be accounted for separately from the host instrument. A conversion feature of a convertible debt instrument or certain convertible preferred stock would be separated from the convertible instrument and classified as a derivative liability if the conversion feature, were it a standalone instrument, meets the definition of an "embedded derivative" in ASC 815, Derivatives and Hedging. Generally, characteristics that require derivative treatment include, among others, when the conversion feature is not indexed to the Company's equity, as defined in ASC 815-40, or when it must be settled either in cash or by issuing stock that is readily convertible to cash. When a conversion feature meets the definition of an embedded derivative, it would be separated from the host instrument and classified as a derivative liability carried on the balance sheet at fair value, with any changes in its fair value recognized currently in the statements of operations.

 

*Stock-Based Compensation*

ASC 718, "Compensation - Stock Compensation", prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, "Equity - Based Payments to Non-Employees." Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.

*Income Taxes*

We account for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)**

ASC 740, Income Taxes ("ASC 740"), which clarifies the accounting and disclosure for uncertainty in tax positions, as defined, seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. We adopted the provisions of ASC 740 as of January 1, 2007 and have analyzed filing positions in each of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. We have identified the U.S. federal and California as our "major" tax jurisdictions. With limited exceptions, we remain subject to Internal Revenue Service ("IRS") examination of our income tax returns filed within the last three (3) years, and to California Franchise Tax Board examination of our income tax returns filed within the last four (4) years. However, we have certain tax attribute carryforwards which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes with respect to the year in which such attributes are utilized.

At September 30, 2024 and 2023, the Company recognized a full valuation allowance against the recorded deferred tax assets.

We believe that our income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments that will result in a material change to our financial position. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to ASC 740. Our policy for recording interest and penalties associated with income-based tax audits is to record such items as a component of income taxes.

*Net Loss per Share*

The Company follows ASC 260, *"Earnings per Share"* ("EPS"), which requires presentation of basic EPS on the face of the Statements of Operations for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic earnings (loss) per share are computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

Diluted earnings per share reflect the potential dilution that could occur if securities were exercised or converted into common stock or other contracts to issue common stock resulting in the issuance of common stock that would then share in the Company's earnings subject to anti-dilution limitations. In a period in which the Company has a net loss, all potentially dilutive securities are excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact.

For the years ended September 30, 2024, and 2023, potentially dilutive common shares consist of common stock issuable upon the conversion of convertible notes payable. All potentially dilutive securities related to these convertible notes payable were excluded from the computation of diluted weighted average number of shares of common stock outstanding as they would have had an anti-dilutive impact.

*Comprehensive Income*

ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. During the years ended September 30, 2024 and 2023, the Company's did not have any component of comprehensive income.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)**

*Contingencies*

The Company follows ASC 450-20, "Loss Contingencies" to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no loss contingencies as of September 30, 2024 and 2023.

In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" ("ASU 2016-02") which supersedes existing guidance on accounting for leases in "Leases (Topic 840)." The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance is effective for annual reporting periods beginning after December 15, 2018 and interim periods within those fiscal years. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. The Company evaluated the effects of adopting ASU 2016-02 on its financial statements and determined that there are no leases for evaluation.

*Recent Accounting Pronouncements*

 

In November 2023, the FASB issued ASU 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures*. This ASU enhances the disclosures related to segment reporting for public entities. It requires entities to disclose significant segment expenses for each reportable segment, providing greater transparency in segment performance. The ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company has evaluated this ASU and there was no impact the financial statements and disclosures.

In December 2023, the FASB issued ASU 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures*. This ASU enhances the transparency and decision usefulness of income tax disclosures. It is designed to provide more detailed information about an entity's income tax expenses, liabilities, and deferred tax items, potentially affecting how companies report and disclose their income tax-related information. The ASU is effective for public business entities for annual periods beginning after December 15, 2024, including interim periods within those fiscal years. The Company is currently evaluating how this ASU will impact its financial statements and disclosures.

Management does not believe any other recently issued, but not yet effective accounting pronouncements would have a material effect on our present or future financial statements.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 4 – SOFTWARE DEVELOPMENT**

Software development at September 30, 2024 and 2023 consists of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Software development | $893000 | $334000 |
| Less: accumulated amortization | (245400) | (66800) |
| Total Software development | $647600 | $267200 |

---

1. Per ASC 360, the Company has capitalized costs associated with software development and
 is amortizing it over 60 months. Part of the cost of the CEO has been allocated to software development. Approximately 20% of her
 time has dedicated to the apps development and has therefore be included in the software development. As of September 30 2024 and
 2023 the value of the CEO time is approximately $72,000 and $54,000, respectively. The app is currently in beta testing and is
 expected to be fully operational in the second calendar quarter of 2025. The initial roll out of the app is expected to be in
 California.

**NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES**

Accounts payable and accrued liabilities and credit card payable at September 30, 2024 and 2023 consist of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Accounts payable and accrued liabilities | $810700 | $625690 |
| Total accounts payable and accrued liabilities | $810700 | $625690 |

---

The Company accounts payable is made up of deferred consulting fee to Orange Count Investment Financial Group ("OCIFG") and a payable to another consulting vendor. OCIFG is a vendor that the Company uses for the design and implementation of it software app. This payable bears no interest and is payable in cash. As of September 30, 2024 and 2023, the amount owed to OCIFG is $782,500 and $625,000, respectively. The other vendor was owed $28,200 and $690 as of September 30, 2024 and 2023, respectively.

**NOTE 6 – RELATED PARTY CREDIT CARD PAYABLE**

Related party credit card payable at September 30, 2024 and 2023 consist of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Related party credit card payable | $22261 | $10881 |
| Total related party credit card payable | $22261 | $10881 |

---

The Company has one credit card with a payable balance of $22,261 and $10,881 as of September 30, 2024 and 2023, respectively.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 7 – CONVERTIBLE NOTES PAYABLE – SHORT TERM**

Convertible Notes payable at September 30, 2024 and 2023 consist of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Convertible note payable – short term | $– | $55000 |
| Total convertible notes payable |  | 55000 |
| Add: accrued interest | – | – |
| Total convertible notes payable – short term | $– | $55000 |

---

The Company entered into three convertible note agreements bearing an interest rate of 7% with 2 private investors with a 12-month term. The notes ranked senior to all other obligations. The securities convert into common shares at a conversion price of $1.00 any time prior to maturity.

One convertible note of $5,000 with accrued interest of $350 was converted on September 9, 2023 for 5,350 common shares.

Convertible note payable balances – short term was $55,000 for the twelve months ended September 30, 2023 and were fully converted as of September 30, 2024, respectively.

**NOTE 8 – LONG TERM BUSINESS LOAN**

Long term business loan at September 30, 2024 and 2023 consists of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Long term business loan | $32462 | $– |
| Accrued Interest | 3334 | – |
| Long term business loan | $35796 | $– |

---

The Company entered into a long-term business loan of $47,100 on February 28, 2024. The monthly payment is $2,434 and accrues interest of $471 per month.

The outstanding balance is $32,462 of principal and $3,334 of accrued interest as of September 30, 2024.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 9 – RELATED PARTY PAYABLE- DEFERRED COMPENSATION**

Related party payable, deferred compensation, at September 30, 2024 and 2023 consists of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Related party payable-deferred compensation | $765500 | $630500 |
| Related party payable-deferred compensation | $765500 | $630500 |

---

The Company has one officer that has deferred their compensation. This officer accrued compensation of $30,000 per month for fiscal years 2022, 2023 and 2024 which represents $360,000 per year. The outstanding balance as of September 30, 2024 and 2023 is $765,500 and $630,500, respectively.

**NOTE 10 – RELATED PARTY LOAN**

Related Party Loan at September 30, 2024 and 2023 consists of the following:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| Related party loan | $1024599 | $824600 |
| Accrued interest | 177620 | 68978 |
| Related party loan | $1202220 | $894178 |

---

The Company has received a loan from Ridepair Programming, LLC bearing an interest rate of 10% per annum. Ridepair Programming is not a subsidiary of the Company, it is a separate entity, and controlled by a related party. As of September 30, 2024 and 2023, the outstanding principal balance is $1,024,599 and $824,600, respectively, and accrued interest of $177,620 and $68,978, respectively, for a total outstanding loan balance of $1,202,220 and $894,178, respectively.

**NOTE 11 – STOCKHOLDERS' DEFICIT**

Authorized Capital Stock:

The Company's authorized capital stock consists of (a) 300,000,000 shares of Common Stock, $0.0001 par value per share ("Common Stock") and (b) 10,000,000 shares of Preferred Stock, $0.0001 par value per share ("Preferred Stock").

Common Stock:

The Delaware Statues provides that the holders of the Common Stock shall have one vote per share. In addition, except as otherwise required by law, as provided in the Company's articles of incorporation, as amended, the Company's Bylaws and as otherwise provided in the resolution or resolutions, if any, adopted by the Board with respect to any series of the Preferred Stock, on any matter presented to the holders of Common Stock and Preferred Stock for their action or consideration at any meeting of stockholders of the Company (or by written consent of stockholders in lieu of meeting), the holders thereof shall vote together as a single class.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 11 – STOCKHOLDERS' DEFICIT (cont'd)**

Holders of the Common Stock will have no preemptive or conversion rights or other subscription rights. The Bylaws of the Company provide that the holders of Common Stock shall not have a right to cumulative voting. The rights, preferences, and privileges of the holders of the Common Stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that the Company may designate and issue in the future. Additionally, the Bylaws may be amended by the Company's stockholders or the Board of Directors.

As of September 30, 2024 and 2023, the Company had 6,484,525 and 4,631,675 shares of Common Stock outstanding, respectively.

Preferred Stock:

The Company has filed a Certificate of Designations with the Secretary of State of the State of Delaware for the 3,000,000 shares of Series A Preferred Stock providing that the rights, preferences, privileges and restrictions granted to and imposed on the Preferred Stock of the Company are as follows: Series A preferred shares shall convert on a 10:1 basis with the common stock. Series A Preferred holders shall be entitled to twenty votes per Series A Preferred Share; and shall be senior to common stock.

As of September 30, 2024 and 2023, the Company had 3,000,000 and 3,000,000 shares of Series A Preferred Stock outstanding, respectively.

*Issuances of Common Stock* 

During the quarter ended September 30, 2024, the Company issued 50,000 shares of common stock to Douglas R. Hansen who exercised his warrant and purchased 50,000 shares at $.50 a share in cash.

During the quarter ended September 30, 2024, the Company issued 1,000,000 shares of common stock to Peter D'Arruda as a stock grant (Grant No. 2020.05) for professional services.

During the quarter ended September 30, 2024, the Company issued 9,000 shares of common stock to Syed Haque who exercised their warrant and purchased 9,000 shares at $.50 a share in cash.

During the quarter ended June 30, 2024, the Company issued 200,000 shares of common stock to John Holehouse who exercised their warrant and purchased 200,000 shares at $.50 a share in cash.

During the quarter ended June 30, 2024, the Company issued 25,000 shares of common stock to Emery Pelletier who exercised their warrant and purchased 25,000 shares at $.50 a share in cash.

During the quarter ended June 30, 2024, the Company issued 300,000 shares of common stock to Peter D'Arruda Marketing stock compensation which was approved by the Board in August, 2023.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 11 – STOCKHOLDERS' DEFICIT (cont'd)**

During the quarter ended June 30, 2024, the Company issued 26,750 shares of common stock to for convertible note issued to Mayo Woodward with a value of $25,000 plus accrued interest of $1,750.

During the quarter ended June 30, 2024, the Company issued 26,750 shares of common stock to for convertible note issued to Mayo Woodward with a value of $25,000 plus accrued interest of $1,750.

During the quarter ended June 30, 2024, the Company issued 50,000 shares of common stock to Michael Bachmannn who exercised their warrant and purchased 50,000 shares at $.50 a share in cash.

During the quarter ended March 31, 2024, the Company issued 100,000 shares of common stock to Paul Rogers as a stock grant (Grant No. 2020.06) for professional services.

During the quarter ended March 31, 2024, the Company issued 10,000 shares of common stock to Syed Haque who exercised their warrant and purchased 10,000 shares at $.50 a share in cash.

During the quarter ended March 31, 2024, the Company issued 5,350 shares of common stock to for convertible note issued to Johnny C Anderson with a value of $5,000 plus accrued interest of $350.

During the quarter ended December 31, 2023, the Company issued 50,000 shares of common stock to Douglas R. Hansen who exercised their warrant and purchased 50,000 shares at $.50 a share in cash.

During the quarter ended September 30, 2023, the Company issued 1,000,000 shares of common stock to Peter D'Arruda as a stock grant (Grant No. 2020.05) for professional services.

During the quarter ended September 30, 2023, the Company issued 5,350 shares of common stock to for convertible note issued to Gerhard Lopez with a value of $5,000 plus accrued interest of $350.

During the quarter ended June 30, 2023, the Company issued 50,000 shares of common stock to Douglas R. Hansen who exercised their warrant and purchased 50,000 shares at $.50 a share in cash.

During the quarter ended March 31, 2023, the Company issued 10,000 shares of common stock to Syed Haque who exercised their warrant and purchased 10,000 shares at $.50 a share in cash.

During the quarter ended March 31, 2023, the Company issued 50,000 shares of common stock to Douglas R. Hansen who exercised their warrant and purchased 50,000 shares at $.50 a share in cash.

During the quarter ended March 31, 2023, the Company issued 200,000 shares of common stock to Paul Rogers as a stock grant for professional services.

 

 

 

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 11 – STOCKHOLDERS' DEFICIT (cont'd)**

 

*Issuance of Series A Preferred Stock*

 

During the quarter ended December 31, 2019, the Company issued 1,500,000 shares of Series A Preferred Stock to Alpha Consulting Group for consulting services at $.10 a share. Each share converts to common stock at a 10:1 ratio and allows the holder to 20 votes for each share.

During the quarter ended December 31, 2019, the Company issued 1,500,000 shares of Series A Preferred Stock to AKNM Irrevocable Trust for consulting services at $.10 a share. Each share converts to common stock at a 10:1 ratio and allows the holder to 20 votes for each share.

Warrants:

 

Warrants outstanding at September 30, 2024 and 2023:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| November 2019 Warrant | 5701000 | 6095000 |
| Total Outstanding | 5701000 | 6095000 |

---

In November 2019, the Company issued a fully transferable warrant (the "November 2019 Warrant") to its President granting the Holder the right to purchase the Company's common stock at an exercise price of $0.50. The November 2019 Warrant had a term of 5 years. During the year ended September 30, 2023, Holders exercised the November 2019 Warrant into 110,000 shares of common stock. During the year ended September 30, 2024, Holders exercised the November 2019 Warrant into 394,000 shares of common stock. Between October, 2024 and December 1, 2024, an additional 230,000 warrants were exercised for $115,000 in cash. Per the terms of the warrant, all warrants expire December 1, 2024 if not exercised.

**NOTE 12 – INCOME TAXES**

The actual income tax provision differs from the "expected" tax computed by applying the Federal corporate tax rate of 21% to the income before income taxes as follows:

---

| | | |
|:---|:---|:---|
|  | **Year Ended September 30,** | **Year Ended September 30,** |
|  | **2024** | **2023** |
| "Expected" income tax benefit | $308164 | $252046 |
| State tax expense, net of Federal benefit |  |  |
| Change in valuation allowance | (308164) | (252046) |
| Other | – | – |
| Income tax provision | $– | $– |

---

The change in the valuation allowance is due to the tax effect of increase in net operating losses due to our continued net losses.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS**

*For the years ended September 30, 2024 and 2023*

**NOTE 12 – INCOME TAXES (cont'd)**

 

The tax effects of temporary differences which give rise to significant portions of the deferred taxes are summarized as follows:

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br> **2024** | **September 30,**<br> **2023** |
| **Deferred tax assets:** |  |  |
| Inventory reserves | $– | $– |
| Allowances for bad debts and returns |  |  |
| Accrued expenses |  |  |
| Asset valuation reserves |  |  |
| Net operating loss carryforwards | (4068185) | (2600738) |
| Total deferred tax assets | (4068185) | (2600738) |
| Valuation allowance | 4068185 | 2600738 |
|  | – | – |
| **Deferred tax liabilities:** |  |  |
| Deferred state taxes | – | – |
| Total deferred tax liabilities | – | – |
| Net deferred tax assets | $– | $– |

---

As of September 30, 2024 and 2023, we had $4,068,185 and $2,600,738, respectively, in net operating loss carryforwards for federal and state income tax purposes. In assessing the realizability of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. We consider the scheduled reversal of deferred tax assets, the level of historical taxable income and tax planning strategies in making the assessment of the realizability of deferred tax assets. We have identified the U.S. federal and California as our "major" tax jurisdiction. With limited exceptions, we remain subject to IRS examination of our income tax returns filed within the last three (3) years, and to California Franchise Tax Board examination of our income tax returns filed within the last four (4) years.

**RIDEPAIR INC.** 

**NOTES TO THE FINANCIAL STATEMENTS** 

*For the years ended September 30, 2024 and 2023*

**NOTE 13 – SUBSEQUENT EVENTS**

On October 1, 2024, Randy Ullrich, the Company's Chief Technical Officer, was granted 2.5 million shares of common stock. The shares vest at 500,000 shares per year for 5 years with initial vesting on October 1, 2025.

During the quarter ended December 31, 2024, the Company issued 10,000 shares of common stock to Kenneth Yale who exercised his warrant and purchased 10,000 shares at $.50 a share for $5,000 in cash.

During the quarter ended December 31, 2024, the Company issued 10,000 shares of common stock to Frank C. Cigrang who exercised his warrant and purchased 10,000 shares at $.50 a share for $5,000 in cash.

During the quarter ended December 31, 2024, the Company issued 100,000 shares of common stock to Scott Krivis who exercised his warrant and purchased 100,000 shares at $.50 a share for $50,000 in cash.

During the quarter ended December 31, 2024, the Company issued 100,000 shares of common stock to Antero Tarvudd who exercised his warrant and purchased 100,000 shares at $.50 a share for $50,000 in cash.

During the quarter ended December 31, 2024, the Company issued 5,000 shares of common stock to Joe & Michele Henkelman who exercised their warrant and purchased 5,000 shares at $.50 for $2,500 in cash.

During the quarter ended December 31, 2024, the Company issued 5,000 shares of common stock to Insurance & Retirement Solutions who exercised their warrant and purchased 5,000 shares at $.50 a share for $2,500 in cash.

Effective December 1, 2024 all outstanding warrants expired if not already exercised. There were 1,169,000 warrants remaining that expired December 1, 2024. As a result, there are no longer any warrants outstanding effective December 1, 2024.

**PART III — EXHIBITS**

Index to Exhibits

---

| | |
|:---|:---|
| Exhibit | Description |
| 2.1 | [Certificate of Incorporation](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0201.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Offering Circular on Form 1-A dated January 13, 2025) |
| 2.2 | [Amended and Restated Certificate of Incorporation](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0202.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Offering Circular on Form 1-A dated January 13, 2025) |
| 2.3 | [Amended and Restated Bylaws adopted April 22, 2025](http://www.sec.gov/Archives/edgar/data/2050256/000168316825002729/ridepair_ex0203.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Offering Circular on Form 1-A dated April 22, 2025) |
| 2.5\* | [Series B 10% Convertible Preferred Stock Certificate of Designation as filed with the Delaware Secretary of State on June 5, 2025](ridepair_ex0205.htm) |
| 3.1 | [Securities Purchase Agreement November 2022 for Promissory Notes](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0301.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |
| 3.2 | [Convertible Promissory Note November 2022](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0302.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |
| 3.3 | [Common Stock Purchase Warrant Agreement](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0303.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |
| 3.4 | [Convertible Promissory Note 2025](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0304.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |
| 3.5 | [Master Revolving Note between the Company and Ridepair Programming, LLC](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0305.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |
| 3.6+ | [Employment Agreement between the Company and Deborah Kenney](https://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0306.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |
| 4.1\* | [Form of Subscription Agreement for Series B 10% Convertible Preferred Stock](ridepair_ex0401.htm) |
| 11.1\* | Consent of Silvestre Law Group, P.C. (included in the opinion filed as [Exhibit 12.1](ridepair_ex1201.htm)) |
| 12.1\* | [Legal Opinion of Silvestre Law Group, P.C.](ridepair_ex1201.htm) |
| 99.1 | [Code of Ethics and Business Conduct](http://www.sec.gov/Archives/edgar/data/2050256/000168316825000263/ridepair_ex0204.htm) (previously filed with the Securities and Exchange Commission with the Registrant's Registration Statement on Form 1-A dated January 13, 2025) |

---

+ Management contract or compensatory plan or arrangement. <br> \* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this Offering Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Monica, State of California, on June 9, 2025.

(Exact name of issuer as specified in its charter): <u>RidePair Inc.</u>

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

---

| | |
|:---|:---|
| By (Signature and Title): | */s/ Deborah Kenney* |
|  | Deborah Kenney, Chief Executive Officer and President |

---

(Date): June 9, 2025

---

| | |
|:---|:---|
| By (Signature and Title): | */s/ Marilu Brassington* |
|  | Marilu Brassington, Chief Financial Officer |

---

(Date): June 9, 2025

SIGNATURES OF DIRECTORS:

---

| | |
|:---|:---|
| */s/ Deborah Kenney* | June 9, 2025 |
| Deborah Kenney, Chairman | Date |
| */s/ Peter J. D'Arruda* | June 9, 2025 |
| Peter J. D'Arruda, Director | Date |

---

## Ex1A-2A

**Exhibit 2.5**

**RIDEPAIR INC.**

**CERTIFICATE OF DESIGNATION OF PREFERENCES, RIGHTS AND LIMITATIONS**

**OF**

**SERIES B 10% CONVERTIBLE PREFERRED STOCK**

PURSUANT TO SECTION 151 OF THE

DELAWARE GENERAL CORPORATION LAW

The undersigned, Deborah Kenney does hereby certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. She is the President and Secretary, respectively, of Ridepair Inc., a Delaware corporation (the "<u>Corporation</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Corporation is authorized to issue 10,000,000 shares of preferred stock, 3,000,000 of which have been issued and designated as Series A Preferred Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The following resolutions were duly adopted by the board of directors of the Corporation (the "<u>Board of Directors</u>"):

WHEREAS, the certificate of incorporation of the Corporation provides for a class of its authorized stock known as preferred stock, consisting of 10,000,000 shares, $0.0001 par value per share, issuable from time to time in one or more series;

WHEREAS, the Board of Directors is authorized to fix the dividend rights, dividend rate, voting rights, conversion rights, rights and terms of redemption and liquidation preferences of any wholly unissued series of preferred stock and the number of shares constituting any series and the designation thereof, of any of them; and

WHEREAS, it is the desire of the Board of Directors, pursuant to its authority as aforesaid, to fix the rights, preferences, restrictions and other matters relating to a series of the preferred stock, which shall consist of, except as otherwise set forth in the Purchase Agreement, up to 100,000 shares of the preferred stock which the Corporation has the authority to issue, as follows:

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby provide for the issuance of a series of preferred stock for cash or exchange of other securities, rights or property and does hereby fix and determine the rights, preferences, restrictions and other matters relating to such series of preferred stock as follows:

**TERMS OF PREFERRED STOCK**

<u>Section 1</u>. <u>Definitions</u>. For the purposes hereof, the following terms shall have the following meanings:

"<u>Affiliate</u>" means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 of the Securities Act.

"<u>Alternate Consideration</u>" shall have the meaning set forth in Section 7(c).

"<u>Beneficial Ownership Limitation</u>" shall have the meaning set forth in Section 6(d).

"<u>Business Day</u>" means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

"<u>Buy-In</u>" shall have the meaning set forth in Section 6(c)(iv).

"<u>Closing</u>" means a closing of the purchase and sale of Preferred Stock pursuant to Section 3 of the Purchase Agreement, which may occur in one or more Closings.

"<u>Closing Date</u>" means each applicable date that the Purchase Agreement has been accepted by the Corporation with respect to the issuance of shares of Preferred Stock.

"<u>Commission</u>" means the United States Securities and Exchange Commission.

"<u>Common Stock</u>" means the Corporation's common stock, par value $0.0001 per share, and stock of any other class of securities into which such securities may hereafter be reclassified or changed.

"<u>Common Stock Equivalents</u>" means any securities of the Corporation or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

"<u>Conversion Amount</u>" means the sum of the Stated Value at issue.

"<u>Conversion Date</u>" shall have the meaning set forth in Section 6(a).

"<u>Conversion Price</u>" shall have the meaning set forth in Section 6(b).

"<u>Conversion Shares</u>" means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

"<u>Deemed Liquidation Event</u>" means a merger, consolidation, or share exchange in which the Corporation is acquired by a third-party, or sale, lease, license or other disposition of substantially all of the Corporation's assets where the gross value received by the Corporation is greater than $2.50 per outstanding share of capital stock of the Corporation (on an as converted to Common Stock basis). The gross value received upon any such merger, consolidation, or share exchange in which the Corporation is acquired by a third-party, or sale, lease, license or other disposition of substantially all of the Corporation's assets shall be the cash or the value of the property, rights or securities to be paid or distributable to the outstanding shares of capital stock of the Corporation pursuant to such Deemed Liquidation Event. The value of such property, rights or securities shall be determined in good faith by the Board of Directors of the Corporation.

"<u>Dividend Payment Date</u>" shall have the meaning set forth in Section 3(a).

"<u>Escrow Account</u>" means a segregated account at a bank that will hold such amount of U.S. Dollars as is equal to ten percent (10%) of the gross proceeds received from the sale securities in the Corporation's Regulation A Offering. Such funds will only be used to make payments on the Preferred Stock pursuant to Section 3 hereof.

"<u>Exchange Act</u>" means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

"<u>Forced Conversion Amount</u>" means the sum of (a) 100% of the aggregate Stated Value of the then outstanding Preferred Stock, (b) accrued but unpaid dividends on the outstanding Preferred Stock, if any and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

"<u>Forced Conversion Date</u>" shall have the meaning set forth in Section 8(a).

"<u>Forced Conversion Notice</u>" shall have the meaning set forth in Section 8(a).

"<u>Forced Conversion Notice Date</u>" shall have the meaning set forth in Section 8(a).

"<u>Fundamental Transaction</u>" shall have the meaning set forth in Section 7(c).

"<u>Holder</u>" shall have the meaning given such term in Section 2.

"<u>Junior Securities</u>" means the Common Stock and all other Common Stock Equivalents of the Corporation other than those securities which are explicitly senior or <u>pari passu</u> to the Preferred Stock in dividend rights or liquidation preference.

"<u>Liquidation</u>" shall have the meaning set forth in Section 5.

"<u>Notice of Conversion</u>" shall have the meaning set forth in Section 6(a).

"<u>Original Issue Date</u>" means the Closing Date of each issuance of any shares of the Preferred Stock regardless of the number of transfers of any particular shares of Preferred Stock and regardless of the number of certificates which may be issued to evidence such Preferred Stock.

"<u>Person</u>" means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

"<u>PIK Dividends</u>" shall have the meaning set forth in Section 3(a).

"<u>Preferred Stock</u>" shall have the meaning set forth in Section 2.

"<u>Purchase Agreement</u>" means the Subscription Agreement, dated as of the applicable Closing Date for each Closing of Preferred Stock, among the Corporation and the original Holders, as amended, modified or supplemented from time to time in accordance with its terms.

"<u>Regulation A Offering</u>" means the Corporation's offering of the Preferred Stock through Regulation A pursuant to the Corporation's first qualified offering circular on Form 1-A which was initially filed on April 22, 2025.

"<u>Securities</u>" means the Preferred Stock and the Underlying Shares.

"<u>Securities Act</u>" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

"<u>Share Delivery Date</u>" shall have the meaning set forth in Section 6(c).

"<u>Stated Value</u>" shall have the meaning set forth in Section 2.

"<u>Subsidiary</u>" means any wholly owned subsidiary of the Corporation .

"<u>Successor Entity</u>" shall have the meaning set forth in Section 7(c).

"<u>Trading Threshold</u>" shall have the meaning set forth in Section 8(a).

"<u>Transfer Agent</u>" means the transfer agent of the Corporation, as determined by the Corporation, and as may be changed from time to time.

"<u>Underlying Shares</u>" means the shares of Common Stock issued and issuable upon conversion of the Preferred Stock in accordance with the terms of this Certificate of Designation.

<u>Section 2</u>. <u>Designation, Amount and Par Value</u>. The series of preferred stock shall be designated as its Series B 10% Convertible Preferred Stock (the "<u>Preferred Stock</u>") and the number of shares so designated shall be up to 100,000 (which shall not be subject to increase without the written consent of the holders of a majority of the then outstanding shares of Preferred Stock (each, a "<u>Holder</u>" and collectively, the "<u>Holders</u>")). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value equal to $1,000, subject to adjustment as set forth in Section 3 below (the "<u>Stated Value</u>").

<u>Section 3</u>. <u>Dividends</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Dividends in Cash or in Kind or Return of Capital</u>. Holders shall be entitled to receive, and the Corporation shall pay, cumulative dividends at the rate per share (as a percentage of the Stated Value per share) of 10% per annum**,** payable quarterly on January 15, April 15, July 15 and October 15, of each year (each such date, a "<u>Dividend Payment Date</u>") (if any Dividend Payment Date is not a Business Day, the applicable payment shall be due on the next succeeding Business Day). Notwithstanding the foregoing, the first Dividend Payment Date will be made on July 15, 2026 for dividends accrued from the applicable Original Issue Date for each share of Preferred Stock through July 15, 2026, and will be paid in Preferred Stock (the "<u>PIK Dividends</u>"). To the extent the PIK Dividends result in a fractional issuance, then such fractional share amount will be paid in cash. Thereafter, each dividend on a Dividend Payment Date will be paid in cash, first from funds legally available for the payment of dividends and to the extent not available, from the Escrow Account (with such payment from the Escrow Account being a return of capital). The Corporation's obligation to pay dividends on the Preferred Stock will end on the last payment date of July 15, 2030. If funds are not legally available for the payment of dividends at an applicable Dividend Payment Date, or there are insufficient funds in the Escrow Account, such dividends shall accrue to the next Dividend Payment Date, subject to the penalties as set forth in Section 3(c) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Dividend Calculations</u>. Dividends on the Preferred Stock shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the applicable Original Issue Date for each share of Preferred Stock, and shall be deemed to accrue from such date whether or not earned or declared and whether or not there are profits, surplus or other funds of the Corporation legally available for the payment of dividends. Dividends shall cease to accrue on July 15, 2030.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Late Fees</u>. Any dividends, that are payable in cash, that are not paid within three (3) Business Days following a Dividend Payment Date shall continue to accrue and shall entail a late fee, which must be paid in cash, at the rate of 18% per annum or the lesser rate permitted by applicable law which shall accrue daily from the Dividend Payment Date through and including the date of actual payment in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Other Securities</u>. So long as any shares of Preferred Stock shall remain outstanding, neither the Corporation nor any Subsidiary thereof shall redeem, purchase or otherwise acquire directly or indirectly any Junior Securities. So long as any Preferred Stock shall remain outstanding, neither the Corporation nor any Subsidiary thereof shall directly or indirectly pay or declare any dividend or make any distribution upon (other than a dividend or distribution described in Section 6 or dividends due and paid in the ordinary course on preferred stock of the Corporation at such times when the Corporation is in compliance with its payment and other obligations hereunder), nor shall any distribution be made in respect of, any Junior Securities as long as any dividends due on the Preferred Stock remain unpaid, nor shall any monies be set aside for or applied to the purchase or redemption (through a sinking fund or otherwise) of any Junior Securities or shares <u>pari passu</u> with the Preferred Stock.

<u>Section 4</u>. <u>Voting Rights</u>. Except as otherwise provided herein or as otherwise required by law, the Preferred Stock shall have no voting rights. However, as long as any shares of Preferred Stock are outstanding, the Corporation shall not, without the affirmative vote of the Holders of a majority of the then outstanding shares of the Preferred Stock:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) alter or change adversely the powers, preferences or rights given to the Preferred Stock or alter or amend this Certificate of Designation,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorize or create any class of stock ranking as to dividends, redemption or distribution of assets upon a Liquidation (as defined in Section 5) senior to, or otherwise <u>pari passu</u> with, the Preferred Stock,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) amend its certificate of incorporation or other charter documents in any manner that adversely affects any rights of the Holders,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) increase the number of authorized shares of Preferred Stock, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) enter into any agreement with respect to any of the foregoing.

<u>Section 5</u>. <u>Liquidation</u>. Upon any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary (a "<u>Liquidation</u>"), the Holders shall be entitled to receive out of the assets, whether capital or surplus, of the Corporation an amount per share of Preferred Stock equal to the amount per share that is distributed to holders of Common Stock, ratably, on an as-converted to Common Stock basis, in the distribution of such assets.

<u>Section 6</u>. <u>Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Conversions at Option of Holder</u>. Each share of Preferred Stock shall be convertible, at any time and from time to time from and after the Original Issue Date at the option of the Holder thereof, into that number of shares of Common Stock (subject to the limitations set forth in Section 6(d) determined by dividing the Stated Value of such share of Preferred Stock by the Conversion Price. Holders shall effect conversions by providing the Corporation with the form of conversion notice attached hereto as <u>Annex A</u> (a "<u>Notice of Conversion</u>"). Each Notice of Conversion shall specify the number of shares of Preferred Stock to be converted, the number of shares of Preferred Stock owned prior to the conversion at issue, the number of shares of Preferred Stock owned subsequent to the conversion at issue and the date on which such conversion is to be effected, which date may not be prior to the date the applicable Holder delivers by facsimile such Notice of Conversion to the Corporation (such date, the "<u>Conversion Date</u>"). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion to the Corporation is deemed delivered hereunder. No ink-original Notice of Conversion shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Conversion form be required. The calculations and entries set forth in the Notice of Conversion shall control in the absence of manifest or mathematical error. To effect conversions of shares of Preferred Stock, a Holder shall not be required to surrender the certificate(s) representing the shares of Preferred Stock to the Corporation unless all of the shares of Preferred Stock represented thereby are so converted, in which case such Holder shall deliver the certificate representing such shares of Preferred Stock promptly following the Conversion Date at issue. Shares of Preferred Stock converted into Common Stock or redeemed in accordance with the terms hereof shall be canceled and shall not be reissued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Conversion Price</u>. The conversion price for the Preferred Stock shall equal **$2.50**, subject to adjustment herein (the "<u>Conversion Price</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Mechanics of Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>Delivery of Conversion Shares Upon Conversion</u>. Not later than five (5) Business Days after each Conversion Date (the "<u>Share Delivery Date</u>"), the Corporation shall deliver, or cause to be delivered, to the converting Holder (A) the number of Conversion Shares being acquired upon the conversion of the Preferred Stock, which shall be free of restrictive legends and trading restrictions (other than those which may then be required by the Purchase Agreement or required under applicable United States Securities Laws), and (B) a bank check in the amount of accrued and unpaid dividends (if the Corporation is required to pay such accrued dividends in cash). In the event that a Holder converts Preferred Stock prior to July 15, 2026, the Holder will not receive any dividend on the converted Preferred Stock. The Corporation shall deliver the Conversion Shares required to be delivered by the Corporation under this Section 6 electronically through the Depository Trust Company or another established clearing corporation performing similar functions, or if not available, in book entry form through its Transfer Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. <u>Failure to Deliver Conversion Shares</u>. If, in the case of any Notice of Conversion, such Conversion Shares are not delivered to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Corporation at any time on or before its receipt of such Conversion Shares, to rescind such Conversion, in which event the Corporation shall promptly return to the Holder any original Preferred Stock certificate delivered to the Corporation and the Holder shall promptly return to the Corporation the Conversion Shares issued to such Holder pursuant to the rescinded Notice of Conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. <u>Obligation Absolute; Partial Liquidated Damages</u>. The Corporation's obligation to issue and deliver the Conversion Shares upon conversion of Preferred Stock in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by a Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by such Holder or any other Person of any obligation to the Corporation or any violation or alleged violation of law by such Holder or any other person, and irrespective of any other circumstance which might otherwise limit such obligation of the Corporation to such Holder in connection with the issuance of such Conversion Shares; <u>provided</u>, <u>however</u>, that such delivery shall not operate as a waiver by the Corporation of any such action that the Corporation may have against such Holder. In the event a Holder shall elect to convert any or all of the Stated Value of its Preferred Stock, the Corporation may not refuse conversion based on any claim that such Holder or any one associated or affiliated with such Holder has been engaged in any violation of law, agreement or for any other reason, unless an injunction from a court, on notice to Holder, restraining and/or enjoining conversion of all or part of the Preferred Stock of such Holder shall have been sought and obtained, until the completion of arbitration/litigation of the underlying dispute. In the absence of such injunction, the Corporation shall issue Conversion Shares and, if applicable, cash, upon a properly noticed conversion. If the Corporation fails to deliver to a Holder such Conversion Shares pursuant to Section 6(c)(i) by the Share Delivery Date applicable to such conversion, the Corporation shall pay to such Holder, in cash, as liquidated damages and not as a penalty, for each $10,000 of Stated Value of Preferred Stock being converted, $20 per Business Day (increasing to $50 per Business Day on the third Business Day and for each Business Day after the Share Delivery Date until such Conversion Shares are delivered or Holder rescinds such conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. <u>Compensation for Buy-In on Failure to Timely Deliver Conversion Shares Upon Conversion</u>. In addition to any other rights available to the Holder, if the Corporation fails for any reason to deliver to a Holder the applicable Conversion Shares by the Share Delivery Date pursuant to Section 6(c)(i), and if after such Share Delivery Date such Holder is required by its brokerage firm to purchase (in an open market transaction or otherwise), or the Holder's brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by such Holder of the Conversion Shares which such Holder was entitled to receive upon the conversion relating to such Share Delivery Date (a "<u>Buy-In</u>"), then the Corporation shall (A) pay in cash to such Holder (in addition to any other remedies available to or elected by such Holder) the amount, if any, by which (x) such Holder's total purchase price (including any brokerage commissions) for the Common Stock so purchased exceeds (y) the product of (1) the aggregate number of shares of Common Stock that such Holder was entitled to receive from the conversion at issue multiplied by (2) the actual sale price at which the sell order giving rise to such purchase obligation was executed (including any brokerage commissions) and (B) at the option of such Holder, either reissue (if surrendered) the shares of Preferred Stock equal to the number of shares of Preferred Stock submitted for conversion (in which case, such conversion shall be deemed rescinded) or deliver to such Holder the number of shares of Common Stock that would have been issued if the Corporation had timely complied with its delivery requirements under Section 6(c)(i). For example, if a Holder purchases shares of Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of shares of Preferred Stock with respect to which the actual sale price of the Conversion Shares (including any brokerage commissions) giving rise to such purchase obligation was a total of $10,000 under clause (A) of the immediately preceding sentence, the Corporation shall be required to pay such Holder $1,000. The Holder shall provide the Corporation written notice indicating the amounts payable to such Holder in respect of the Buy-In and, upon request of the Corporation, evidence of the amount of such loss. Nothing herein shall limit a Holder's right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Corporation's failure to timely deliver the Conversion Shares upon conversion of the shares of Preferred Stock as required pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. <u>Reservation of Shares Issuable Upon Conversion</u>. The Corporation covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock for the sole purpose of issuance upon conversion of the Preferred Stock as herein provided, free from preemptive rights or any other actual contingent purchase rights of Persons other than the Holder (and the other holders of the Preferred Stock), not less than such aggregate number of shares of the Common Stock as shall (subject to the terms and conditions set forth in the Purchase Agreement) be issuable (taking into account the adjustments and restrictions of Section 7) upon the conversion of the then outstanding shares of Preferred Stock. The Corporation covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid and nonassessable and to the extent legally permissible, will not contain any restrictive legend.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. <u>Fractional Shares</u>. No fractional shares or scrip representing fractional shares shall be issued upon the conversion of the Preferred Stock. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Corporation shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. <u>Transfer Taxes and Expenses</u>. The issuance of Conversion Shares on conversion of this Preferred Stock shall be made without charge to any Holder for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such Conversion Shares, provided that the Corporation shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such Conversion Shares upon conversion in a name other than that of the Holders of such shares of Preferred Stock and the Corporation shall not be required to issue or deliver such Conversion Shares unless or until the Person or Persons requesting the issuance thereof shall have paid to the Corporation the amount of such tax or shall have established to the satisfaction of the Corporation that such tax has been paid. The Corporation shall pay all Transfer Agent fees required for same-day processing of any Notice of Conversion and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Conversion Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Beneficial Ownership Limitation</u>. The Corporation shall not effect any conversion of the Preferred Stock, and a Holder shall not have the right to convert any portion of the Preferred Stock, to the extent that, after giving effect to the conversion set forth on the applicable Notice of Conversion, such Holder (together with such Holder's Affiliates, and any Persons acting as a group together with such Holder or any of such Holder's Affiliates (such Persons, "<u>Attribution Parties</u>")) would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by such Holder and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon conversion of the Preferred Stock with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are issuable upon (i) conversion of the remaining, unconverted Stated Value of Preferred Stock beneficially owned by such Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Corporation subject to a limitation on conversion or exercise analogous to the limitation contained herein (including, without limitation, the Preferred Stock or the Warrants) beneficially owned by such Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 6(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. To the extent that the limitation contained in this Section 6(d) applies, the determination of whether the Preferred Stock is convertible (in relation to other securities owned by such Holder together with any Affiliates and Attribution Parties) and of how many shares of Preferred Stock are convertible shall be in the sole discretion of such Holder, and the submission of a Notice of Conversion shall be deemed to be such Holder's determination of whether the shares of Preferred Stock may be converted (in relation to other securities owned by such Holder together with any Affiliates and Attribution Parties) and how many shares of the Preferred Stock are convertible, in each case subject to the Beneficial Ownership Limitation. To ensure compliance with this restriction, each Holder will be deemed to represent to the Corporation each time it delivers a Notice of Conversion that such Notice of Conversion has not violated the restrictions set forth in this paragraph and the Corporation shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 6(d), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as stated in the most recent of the following: (i) the Corporation's most recent filing with the Commission, as the case may be, (ii) a more recent public announcement by the Corporation or (iii) a more recent written notice by the Corporation or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Corporation shall within one Business Day confirm orally and in writing to such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Corporation, including the Preferred Stock, by such Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported. The "<u>Beneficial Ownership Limitation</u>" shall be 4.99% (or, upon election by a Holder prior to the issuance of any shares of Preferred Stock, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of Preferred Stock held by the applicable Holder. A Holder, upon notice to the Corporation, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 6(d) applicable to its Preferred Stock provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon conversion of this Preferred Stock held by the Holder and the provisions of this Section 6(d) shall continue to apply. Any such increase in the Beneficial Ownership Limitation will not be effective until the 61<sup>st</sup> day after such notice is delivered to the Corporation and shall only apply to such Holder and no other Holder. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 6(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation contained herein or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of Preferred Stock.

<u>Section 7</u>. <u>Certain Adjustments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Stock Dividends and Stock Splits</u>. If the Corporation, at any time while this Preferred Stock is outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any other Common Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Corporation upon conversion of, or payment of a dividend on, this Preferred Stock), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Corporation, then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Corporation) outstanding immediately before such event, and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section 7(a) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Pro Rata Distributions</u>. During such time as this Preferred Stock is outstanding, if the Corporation declares or makes any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a "<u>Distribution</u>"), at any time after the issuance of this Preferred Stock, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete conversion of this Preferred Stock (without regard to any limitations on conversion hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (<u>provided</u>, <u>however</u>, to the extent that the Holder's right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Fundamental Transaction</u>. If, at any time while this Preferred Stock is outstanding, (i) the Corporation, directly or indirectly, in one or more related transactions effects any merger or consolidation of the Corporation with or into another Person, (ii) the Corporation, directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer (whether by the Corporation or another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common Stock, (iv) the Corporation, directly or indirectly, in one or more related transactions effects any reclassification, reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property, or (v) the Corporation, directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business combination) (each a "<u>Fundamental Transaction</u>"), then, upon any subsequent conversion of this Preferred Stock, the Holder shall have the right to receive, for each Conversion Share that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental Transaction (without regard to any limitation in Section 6(d) on the conversion of this Preferred Stock), the number of shares of Common Stock of the successor or acquiring corporation or of the Corporation, if it is the surviving corporation, and any additional consideration (the "<u>Alternate Consideration</u>") receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Preferred Stock is convertible immediately prior to such Fundamental Transaction (without regard to any limitation in Section 6(d) on the conversion of this Preferred Stock). For purposes of any such conversion, the determination of the Conversion Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Corporation shall apportion the Conversion Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any conversion of this Preferred Stock following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor to the Corporation or surviving entity in such Fundamental Transaction shall file a new Certificate of Designation with the same terms and conditions and issue to the Holders new preferred stock consistent with the foregoing provisions and evidencing the Holders' right to convert such preferred stock into Alternate Consideration. The Corporation shall cause any successor entity in a Fundamental Transaction in which the Corporation is not the survivor (the "<u>Successor Entity</u>") to assume in writing all of the obligations of the Corporation under this Certificate of Designation and the other Offering Documents (as defined in the Purchase Agreement) in accordance with the provisions of this Section 7(c) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the holder of this Preferred Stock, deliver to the Holder in exchange for this Preferred Stock a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this Preferred Stock which is convertible for a corresponding number of shares of capital stock of such Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon conversion of this Preferred Stock (without regard to any limitations on the conversion of this Preferred Stock) prior to such Fundamental Transaction, and with a conversion price which applies the conversion price hereunder to such shares of capital stock (but taking into account the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such conversion price being for the purpose of protecting the economic value of this Preferred Stock immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Certificate of Designation and the other Transaction Documents referring to the "Corporation" shall refer instead to the Successor Entity), and may exercise every right and power of the Corporation and shall assume all of the obligations of the Corporation under this Certificate of Designation and the other Transaction Documents with the same effect as if such Successor Entity had been named as the Corporation herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Calculations</u>. All calculations under this Section 7 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section 7, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding any treasury shares of the Corporation) issued and outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) <u>Notice to the Holders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>Adjustment to Conversion Price</u>. Whenever the Conversion Price is adjusted pursuant to any provision of this Section 7, the Corporation shall promptly deliver to each Holder by facsimile or email a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. <u>Notice to Allow Conversion by Holder</u>. If (A) the Corporation shall declare a dividend (or any other distribution in whatever form) on the Common Stock, (B) the Corporation shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the Corporation shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe for or purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Corporation shall be required in connection with any reclassification of the Common Stock, any consolidation or merger to which the Corporation is a party, any sale or transfer of all or substantially all of the assets of the Corporation, or any compulsory share exchange whereby the Common Stock is converted into other securities, cash or property or (E) the Corporation shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Corporation, then, in each case, the Corporation shall cause to be filed at each office or agency maintained for the purpose of conversion of this Preferred Stock, and shall cause to be delivered by facsimile or email to each Holder at its last facsimile number or email address as it shall appear upon the stock books of the Corporation, at least twenty (20) calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange, provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required to be specified in such notice. To the extent that any notice provided hereunder constitutes, or contains, material, non-public information regarding the Corporation or any of the Subsidiaries, the Corporation shall simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K, or other appropriate filing with the Commission as reasonably determined by the Corporation. The Holder shall remain entitled to convert the Conversion Amount of this Preferred Stock (or any part hereof) during the 20-day period commencing on the date of such notice through the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

<u>Section 8</u>. <u>Forced Conversion.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Forced Conversion</u>. Notwithstanding anything herein to the contrary, in the event of (i) a Deemed Liquidation Event or (ii) the shares of Common Stock of the Corporation trades on any stock exchange or interdealer quotation system at a price per share greater than or equal to $4.00 per share at any time (the "<u>Trading Threshold</u>") the Corporation may, immediately prior to the closing of such Deemed Liquidation Event or at any time within 90 days after the Trading Threshold, deliver a written notice to all Holders (a "<u>Forced Conversion Notice</u>" and the date such notice is delivered to all Holders, the "<u>Forced Conversion Notice Date</u>") to cause each Holder to convert all or part of such Holder's Preferred Stock (as specified in such Forced Conversion Notice) plus all accrued but unpaid dividends thereon and all liquidated damages and other amounts due in respect of the Preferred Stock pursuant to Section 6 at the Conversion Price, it being agreed that the "Conversion Date" for purposes of Section 6 shall be deemed to occur on the Forced Conversion Notice Date. The Corporation may not deliver a Forced Conversion Notice, and any Forced Conversion Notice delivered by the Corporation shall not be effective, unless applied ratably to all of the Holders based on each Holder's initial purchases of Preferred Stock hereunder, provided that any voluntary conversions by a Holder shall be applied against such Holder's <u>pro rata</u> allocation, thereby decreasing the aggregate amount forcibly converted hereunder if less than all shares of the Preferred Stock are forcibly converted. For purposes of clarification, a Forced Conversion shall be subject to all of the provisions of Section 6, including, without limitation, the provisions requiring payment of liquidated damages and limitations on conversions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Automatic Conversion</u>. Provided that all dividends and liquidated damages have been paid with respect to the Preferred Stock on July 15, 2030, then or about July 15, 2030, the Preferred Stock will automatically be converted into Common Stock at the Conversion Price, then in effect.

<u>Section 9</u>. <u>Negative Covenants</u>. As long as any shares of Preferred Stock are outstanding, unless the holders of at least a majority of the then outstanding shares of Preferred Stock shall have otherwise given prior written consent, the Corporation shall not, and shall not permit any of the Subsidiaries to, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) amend its charter documents, including, without limitation, its certificate of incorporation and bylaws, in any manner that materially and adversely affects any rights of the Holder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) repay, repurchase or offer to repay, repurchase or otherwise acquire more than a <u>de minimis</u> number of shares of its Common Stock, Common Stock Equivalents or Junior Securities, other than as to repurchases of Common Stock or Common Stock Equivalents of departing officers and directors of the Corporation, provided that such repurchases shall not exceed an aggregate of $100,000 for all officers and directors for so long as the Preferred Stock is outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) pay cash dividends or distributions on Junior Securities of the Corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) enter into any transaction with any Affiliate of the Corporation which would be required to be disclosed in any public filing with the Commission for a corporation with a class of securities registered under the Exchange Act, unless such transaction is made on an arm's-length basis and expressly approved by a majority of the disinterested directors of the Corporation (even if less than a quorum otherwise required for board approval); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) enter into any agreement with respect to any of the foregoing.

<u>Section 11</u>. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Notices</u>. Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation, any Notice of Conversion, shall be in writing and delivered personally, by facsimile or e-mail attachment, or sent by a nationally recognized overnight courier service, addressed to the Corporation, at the address set forth above Attention: Deborah Kenney, e-mail address dkenney@ridepair.io, or such other facsimile number, e-mail address or address as the Corporation may specify for such purposes by notice to the Holders delivered in accordance with this Section 11. Any and all notices or other communications or deliveries to be provided by the Corporation hereunder shall be in writing and delivered personally, by facsimile or e-mail attachment, or sent by a nationally recognized overnight courier service addressed to each Holder at the facsimile number, e-mail address or address of such Holder appearing on the books of the Corporation, or if no such facsimile number, e-mail address or address appears on the books of the Corporation, at the principal place of business of such Holder, as set forth in the Purchase Agreement. Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or e-mail attachment at the e-mail address set forth in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next Business Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or e-mail attachment at the e-mail address set forth in this Section on a day that is not a Business Day or later than 5:30 p.m. (New York City time) on any Business Day, (iii) the second Business Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Absolute Obligation</u>. Except as expressly provided herein, no provision of this Certificate of Designation shall alter or impair the obligation of the Corporation, which is absolute and unconditional, to pay liquidated damages, accrued dividends and accrued interest, as applicable, on the shares of Preferred Stock at the time, place, and rate, and in the coin or currency, herein prescribed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Lost or Mutilated Preferred Stock Certificate</u>. If a Holder's Preferred Stock certificate shall be mutilated, lost, stolen or destroyed, the Corporation shall execute and deliver, in exchange and substitution for and upon cancellation of a mutilated certificate, or in lieu of or in substitution for a lost, stolen or destroyed certificate, a new certificate for the shares of Preferred Stock so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such loss, theft or destruction of such certificate, and of the ownership hereof reasonably satisfactory to the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Governing Law</u>. All questions concerning the construction, validity, enforcement and interpretation of this Certificate of Designation shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without regard to the principles of conflict of laws thereof. All legal proceedings concerning the interpretation, enforcement and defense of the transactions contemplated by any of the Transaction Documents (whether brought against a party hereto or its respective Affiliates, directors, officers, shareholders, employees or agents) shall be commenced in the state and federal courts sitting in the City of New York, Borough of Manhattan (the "<u>New York Courts</u>"). The Corporation and each Holder hereby irrevocably submits to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such New York Courts, or such New York Courts are improper or inconvenient venue for such proceeding. The Corporation and each Holder hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Certificate of Designation and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable law. The Corporation and each Holder hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Certificate of Designation or the transactions contemplated hereby. If the Corporation or any Holder shall commence an action or proceeding to enforce any provisions of this Certificate of Designation, then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorneys' fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) <u>Waiver</u>. Any waiver by the Corporation or a Holder of a breach of any provision of this Certificate of Designation shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Certificate of Designation or a waiver by any other Holders. The failure of the Corporation or a Holder to insist upon strict adherence to any term of this Certificate of Designation on one or more occasions shall not be considered a waiver or deprive that party (or any other Holder) of the right thereafter to insist upon strict adherence to that term or any other term of this Certificate of Designation on any other occasion. Any waiver by the Corporation or a Holder must be in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) <u>Severability</u>. If any provision of this Certificate of Designation is invalid, illegal or unenforceable, the balance of this Certificate of Designation shall remain in effect, and if any provision is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) <u>Next Business Day</u>. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) <u>Headings</u>. The headings contained herein are for convenience only, do not constitute a part of this Certificate of Designation and shall not be deemed to limit or affect any of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) <u>Status of Converted or Redeemed Preferred Stock</u>. Shares of Preferred Stock may only be issued pursuant to the Purchase Agreement. If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series B 10% Convertible Preferred Stock.

\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*

RESOLVED, FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation be and they hereby are authorized and directed to prepare and file this Certificate of Designation of Preferences, Rights and Limitations in accordance with the foregoing resolution and the provisions of Delaware law.

IN WITNESS WHEREOF, the undersigned have executed this Certificate this 5<sup>th</sup> day of June, 2025.

---

| | |
|:---|:---|
| <u>/s/ Deborah Kenney</u> <br> Name: Deborah Kenney<br> Title: President | <u>/s/ Marilu Brassington</u> <br> Name: Marilu Brassington<br> Title: Chief Financial Officer |

---

**ANNEX A**

NOTICE OF CONVERSION

(TO BE EXECUTED BY THE REGISTERED HOLDER IN ORDER TO CONVERT SHARES OF PREFERRED STOCK)

The undersigned hereby elects to convert the number of shares of Series B 10% Convertible Preferred Stock indicated below into shares of common stock, par value $0.0001 per share (the "<u>Common Stock</u>"), of Ridepair Inc., a Delaware corporation (the "<u>Corporation</u>"), according to the conditions hereof, as of the date written below. If shares of Common Stock are to be issued in the name of a Person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as may be required by the Corporation in accordance with the Purchase Agreement. No fee will be charged to the Holders for any conversion, except for any such transfer taxes.

Conversion calculations:

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;Date to Effect Conversion: _____________________________ |
| &nbsp;&nbsp;&nbsp;Number of shares of Preferred Stock owned prior to Conversion: ____________________ |
| &nbsp;&nbsp;&nbsp;Number of shares of Preferred Stock to be Converted: ___________________ |
| &nbsp;&nbsp;&nbsp;Stated Value of shares of Preferred Stock to be Converted: _____________________ |
| &nbsp;&nbsp;&nbsp;Number of shares of Common Stock to be Issued: ______________________ |
| &nbsp;&nbsp;&nbsp;Applicable Conversion Price: _____________________ |
| &nbsp;&nbsp;&nbsp;Number of shares of Preferred Stock subsequent to Conversion: ___________________ |
| &nbsp;&nbsp;&nbsp; Address for Delivery: ___________________________<br> or<br> DWAC Instructions:<br> Broker no: ________<br> Account no: _________ |

---

[HOLDER]

By: ___________________________

Name:

Title:

## Ex1A-4

**Exhibit 4.1**

**RIDEPAIR INC.**

**FORM OF SUBSCRIPTION AGREEMENT**

THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES OR BLUE SKY LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND STATE SECURITIES OR BLUE SKY LAWS. ALTHOUGH A REGULATION A OFFERING STATEMENT HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE "SEC"), THAT OFFERING STATEMENT DOES NOT INCLUDE ALL THE SAME INFORMATION THAT WOULD BE INCLUDED IN A REGISTRATION STATEMENT UNDER THE ACT. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON THE MERITS OF THIS OFFERING OR THE ADEQUACY OR ACCURACY OF THE SUBSCRIPTION AGREEMENT OR ANY OTHER MATERIALS OR INFORMATION MADE AVAILABLE TO SUBSCRIBER IN CONNECTION WITH THIS OFFERING THROUGH THE WEBSITE MAINTAINED BY THE COMPANY. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL

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

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS "ESTIMATE," "PROJECT," "BELIEVE," "ANTICIPATE," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

THE COMPANY MAY NOT BE OFFERING THE SECURITIES IN EVERY STATE. THE OFFERING MATERIALS DO NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE OR JURISDICTION WHERE, OR TO OR FROM ANY PERSON TO OR FROM WHOM, SUCH OFFER OR SOLICITATION IS UNLAWFUL OR NOT AUTHORIZED.

THE INFORMATION PRESENTED IN THE OFFERING MATERIALS WAS PREPARED BY THE COMPANY SOLELY FOR THE USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. NO REPRESENTATIONS OR WARRANTIES ARE MADE AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED IN ANY OFFERING MATERIALS, AND NOTHING CONTAINED IN THE OFFERING MATERIALS IS OR SHOULD BE RELIED UPON AS A PROMISE OR REPRESENTATION AS TO THE FUTURE PERFORMANCE OF THE COMPANY.

THE COMPANY RESERVES THE RIGHT IN ITS SOLE DISCRETION AND FOR ANY REASON WHATSOEVER TO MODIFY, AMEND AND/OR WITHDRAW ALL OR A PORTION OF THE OFFERING EXCEPT AS OTHERWISE INDICATED, THE OFFERING MATERIALS SPEAK AS OF THEIR DATE. NEITHER THE DELIVERY NOR THE PURCHASE OF THE SECURITIES SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THAT DATE.

**Table of Contents**

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| | |
|:---|:---|
|  | Page |
| Directions for the Completion of the Subscription Documents | 4 |
| Subscription Agreement | 6 |
| Signature Page of RidePair Inc. | 16 |
| Schedule 1 to Subscription Agreement: Subscriber Information (For All Subscribers) | 17 |
| Schedule 2 to Subscription Agreement: Status as Benefit Plan Investor (For All Subscribers) |  |
| Annex A to Subscription Agreement: Subscriber Questionnaire for Individual Investors | 21 |
| Annex B to Subscription Agreement: Subscriber Questionnaire for Institutional Investors | 24 |
| Exhibit A: Definitions for Purposes of Determining Qualified Purchaser Status | 29 |
| Appendix 1 – Questionnaire for Benefit Plan Investors | 32 |
| Appendix 2 – Electronic Mail Authorization | 33 |

---

**<u>Directions for the Completion of the Subscription Documents</u>**

The attached Subscription Agreement (including the Annexes, Schedules and Exhibits attached thereto, the "**Subscription Documents**") relates to the offering by RidePair Inc., a Delaware corporation (the "**Company**"), to you (the "**Subscriber**") of shares of Series B 10% Convertible Preferred Stock, $0.0001 par value ("**Shares**"), of the Company. Capitalized terms not defined in these directions shall have the meaning given to them in the Subscription Agreement.

Subscription Documents that are missing requested information or signatures will not be considered for acceptance unless and until such information or signatures are provided. Subscribers that are entities may be required to furnish other or additional documentation evidencing the authority to invest in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.  **<u>For Individual Subscribers (including IRAs)</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. Fill in the name of the Subscriber and the amount of the proposed Capital Contribution on page 5 of the Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. Fill in the name of the Subscriber and the date (print name of Subscriber) on page 16 of the Subscription Agreement and sign in the blank provided. For individuals investing through an IRA, the name and signature of, and other information relating to, the Custodian/Trustee of the IRA is required on page 16.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. All Subscribers must complete <u>Schedule 1</u> and <u>Schedule 2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4. Complete <u>Annex A</u> by checking the appropriate box or boxes in Sections 1 through 6.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5. Sign <u>Appendix 2</u> if you prefer to receive communications electronically.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>For Institutional Subscribers</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. Fill in the name of the Subscriber and the amount of the proposed Capital Contribution on page 4 of the Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. Fill in the name of the Subscriber and the date (print name and title of authorized signatory) on page 16 of the Subscription Agreement and sign in the blank provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. All Subscribers must complete <u>Schedule 1</u> and <u>Schedule 2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. Complete <u>Annex B</u> by checking the appropriate box or boxes and <u>Appendix 1</u>, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. Sign <u>Appendix 2</u> if you prefer to receive communications electronically.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Required IRS Certifications – For all Subscribers: Institutional and Individual Investors</u>** . Fill in, sign (print name and title of authorized signatory, if applicable) and date an IRS Form W-9 (if you are a U.S. Subscriber). If you are a non-U.S. Subscriber, please provide a signed and completed appropriate Form W-8.

**<u>FOR ALL SUBSCRIBERS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.  **<u>Delivery of Subscription Documents</u>** . Please deliver <u>two</u> completed and original signed copies of the Subscription Documents and any required evidence of authorization (including any applicable power of attorney) to the Company at the following address:

RidePair Inc.

2716 Ocean Park Blvd<br> Suite 1011

Santa Monica, CA 90405<br> Attention: Deborah Kenney, President

or via email at investor@ridepair.io

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>Acceptance of Subscription</u>** . If the Company accepts your subscription (in whole or in part), the Company will countersign the Subscription Agreement and deliver a copy of it at the address you provide in the Subscription Documents.

Please note that the attached Subscription Documents contain a power of attorney which enables the Company to execute on behalf of the Subscriber documents relating to the Subscriber's investments in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.  **<u>Inquiries</u>** . If you have questions concerning any of the information requested, you should ask your attorney, accountant or other financial advisor. Inquiries regarding subscription procedures should be directed to Deborah Kenney at (818) 770-5933, E-mail: investor@ridepair.io.

**<u>FOR ALL SUBSCRIBERS</u>**

**<u>Subscription Agreement</u>**

________________________________

Name of Subscriber

$_________________

(Amount of Capital Contribution)

RidePair Inc.

2716 Ocean Park Blvd<br> Suite 1011

Santa Monica, CA 90405<br> Attention: Deborah Kenney, President

Ladies and Gentlemen:

The undersigned subscriber (the "**Subscriber**") understands that RidePair Inc., is a Delaware corporation (the "**Company**") that filed an offering statement on Form 1-A (the "**Offering Circular**"), as amended, with the Securities and Exchange Commission (the "**SEC**") on __________________ to qualify 55,000 shares of its Series B 10% Convertible Preferred Stock and such Offering Circular was declared qualified by the SEC on _______________________. Capitalized terms used in this agreement (the "**Subscription Agreement**") without definition will have the meanings ascribed to them in the Offering Documents (as defined below). The distribution of this Subscription Agreement and the offer and sale of the Shares (as defined below) in certain jurisdiction may be restricted by law. This Subscription Agreement does not constitute an offer to sell or the solicitation of an offer to buy any Shares in any state or other jurisdiction where, or to or from any person to or from whom, such offer or solicitation is unlawful or not authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Subscription for Shares</u>**. The Subscriber hereby irrevocably subscribes for and agrees to purchase shares of Series B 10% Convertible Preferred Stock, par value $0.0001 (the "**Shares**") through a capital contribution in the amount set forth above (the "**Capital Contribution**"), subject to Section 9.13, on the terms and conditions described or appearing herein, in the Offering Circular, in the Company's Amended and Restated Certificate of Incorporation, dated as of August 20, 2020, and as amended thereafter (the "Charter"), the Certificate of Designation of Series B 10% Convertible Preferred Stock, filed with the Secretary of State of Delaware on May [\*], 2025 (the "**COD**"), in the Company's Amended and Restated Bylaws, dated as of April 22, 2025 (the "**Bylaws**"), in the Summary of Terms attached hereto (the "**Summary of Terms**"), and, if subscription agreement is entered into, all periodic reports filed by the Company pursuant to Regulation A and the Securities Exchange Act of 1934, as amended, as any such documents may be amended from time to time (all together, the "**Offering Documents**"). Subject to the terms of this Subscription Agreement, the Subscriber's obligation to pay for the Shares it is purchasing hereunder shall be unconditional, complete and binding upon the completion of a Closing (as defined below). The price per Share will be $1,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.  **<u>Incentive Shares</u>** . In addition, any Subscriber that invests at least $100,000 in the offering
in a single Closing Date (the "**Incentive Threshold** "), will receive additional incentive Shares (the "Incentive
Shares") equal to ten percent (10%) Of their aggregate subscription amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.  **<u>PIK Dividend Shares</u>** <u>.</u> As described in the COD and Offering Circular, each Share will
pay a 10% annual dividend ("Dividends"). Dividends for the period commencing on each applicable Closing Date through July
15, 2026, will be paid in Shares ("PIK Dividends"). Any PIK Dividends resulting in fractional Shares will be settled in cash.
All Dividends thereafter, will be paid in cash through July 15, 2030.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Other Subscription Agreements</u>**. The Subscriber acknowledges that the Company has entered into or expects to enter into separate subscription agreements (the "**Other Subscription Agreements**" and, together with this Subscription Agreement, the "**Subscription Agreements**") with other subscribers ("**Other Subscribers**"), providing for the sale to Other Subscribers of Shares in the Company at each Closing Dates (as defined below). This Subscription Agreement and the Other Subscription Agreements are separate agreements, and the sales of Shares to the Subscriber and the sales of Shares to Other Subscribers are separate sales.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>Closing</u>**. Subscriber shall be obligated to make the Capital Contribution as of the date that this Subscription Agreement (having been properly and fully completed and signed by the Subscriber) has been accepted by the Company. Notwithstanding, the Company will conduct multiple closings (each, a "Closing")(each applicable date of Closing being hereinafter referred to as a "**Closing Date**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **<u>Representations, Warranties and Covenants of the Subscriber</u>**. The Subscriber represents, warrants and covenants to the Company, as of (a) the date that this Subscription Agreement is signed by the Subscriber and on (b) the Closing Date that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Authorization of Purchase and Compliance with Laws and Other Instruments</u>. The signature on this Subscription Agreement is genuine, and the persons signing this Subscription Agreement on the Subscriber's behalf are duly authorized to sign and enter into this Subscription Agreement on the Subscriber's behalf.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1. *<u>If the Subscriber is an Entity</u>*: (a) it is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization; (b) the execution, delivery and performance by it of this Subscription Agreement are within its powers, have been duly authorized by all necessary action on its behalf, require no action by or in respect of, or filing with, any governmental body, agency or official, or any third party and do not and will not contravene, or constitute a default under, (i) any provision of its certificate of incorporation, by-laws, limited liability company operating agreement, limited partnership agreement or other comparable organizational documents or (ii) any provision of applicable law, rule or regulation or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Subscriber or any material agreement or other instrument to which the Subscriber is a party or by which the Subscriber or any of its respective properties is bound, or any material license, permit or franchise applicable to the Subscriber or its business, properties or rights other than such contraventions or defaults that do not impair or otherwise affect the Subscriber's ability to perform its obligations under this Subscription Agreement or are not material to the Subscriber's financial condition; (c) this Subscription Agreement constitutes the legal, valid and binding obligations of the Subscriber enforceable against the Subscriber in accordance with their respective terms, subject to any applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or similar laws now or hereafter in effect relating to creditors' rights generally or to general principles of equity; and (d) Subscriber not formed or recapitalized for the specific purpose of acquiring any Shares in the Company. Neither the execution, delivery or performance of this Subscription Agreement by the Subscriber, nor the consummation of the transactions contemplated hereby or thereby, will result in the creation or imposition of any lien or encumbrance upon any of the assets or properties of such Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2. *<u>If the Subscriber is an Individual</u>*: (a) the execution, delivery and performance by the Subscriber of this Subscription Agreement are within such person's legal right and power, require no action by or in respect of, or filing with, any governmental body, agency or official, or any third party, and do not and will not contravene, or constitute a default under, any provision of applicable law, rule or regulation or of any agreement, judgment, injunction, order, decree or other instrument binding upon such Subscriber or any material agreement or other instrument to which the Subscriber is a party or by which the Subscriber or any of his respective properties is bound, other than contraventions or defaults that do not impair or otherwise affect the Subscriber's ability to perform its obligations under this Subscription Agreement or are not material to the Subscriber's financial condition; and (b) this Subscription Agreement constitutes the legal, valid and binding obligations of the Subscriber enforceable against the Subscriber in accordance with their respective terms, subject to any applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or similar laws now or hereafter in effect relating to creditors' rights generally or to general principles of equity. Neither the execution, delivery or performance of this Subscription Agreement by the Subscriber, nor the consummation of the transactions contemplated hereby or thereby, will result in the creation or imposition of any lien or encumbrance upon any of the assets or properties of such Subscriber. If the individual subscribing to the Company is investing assets on behalf of an IRA, the individual who established the IRA has signed the signature page of this Subscription Agreement and confirms that such individual (i) has directed the custodian or trustee of the IRA to execute the acknowledgement on the signature page and (ii) has signed below to indicate that he or she has reviewed, directed and certifies to the accuracy of the representations and warranties made herein with respect to the IRA and the individual Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>No Legal Action Pending, etc</u>. There is no legal action, suit, arbitration or other legal, administrative or other governmental investigation, inquiry or proceeding (whether federal, state, local, or foreign) pending or, to the knowledge of the Subscriber, threatened against the Subscriber that, if adversely determined, is reasonably likely to impair or otherwise affect the Subscriber's ability to perform its obligations under this Subscription Agreement or is reasonably likely to have a material adverse effect on the Subscriber's financial condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Acknowledgment of Risks; Access to Information</u>. The Subscriber hereby acknowledges it has been provided and has carefully reviewed the Offering Documents. The Subscriber understands the risks of, and other considerations relating to, the purchase of Shares, including, without limitation, the information appearing in the Offering Circular under the headings "Business," "Risk Factors," "Securities Offered" and "Interest of Management and Others in Certain Transactions" and the information appearing in the "Summary." Subscriber also has been afforded the opportunity to obtain any additional information necessary to verify the accuracy of the information in the Offering Documents to the extent the Company possesses such information or can acquire it without unreasonable effort or expense. The Company has answered all of the Subscriber's inquiries, if any, concerning the business to be conducted by the Company, the financial condition and capital of the Company, the qualification and experience of the Company, the Advisor, the Administrator and their Affiliates, and the terms and conditions of the offering and other matters pertaining to this investment. In deciding to acquire Shares, the Subscriber has not relied upon any information or representation, whether written or oral, from the Company or any of its officers, employees, counsel, representatives or agents or any other person, other than information contained in the Offering Documents and in the answers provided by the Company to such inquiries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>Evaluation and Ability to Bear Risks</u>. The Subscriber's decision to invest in the Company was made by the Subscriber as person(s) who (a) are authorized to make such investment decisions, and (b) have relied on its or their own tax, legal and financial advisers with regard to all matters relating to the Subscriber's investment in the Company (including federal, state, and local tax matters and tax matters relating to non-United States jurisdictions) and not on any advice or recommendation of the Company, Advisor, Administrator or any of its Affiliates, notwithstanding anything in Section 4.3 to the contrary. The Subscriber's prior investment experience with other investment opportunities and its general knowledge about the management, proposed operations and prospects of the Company enable the Subscriber, together with the Subscriber's advisers, to make an informed decision with respect to the merits and risks of an investment in the Company. After all necessary advice and analysis, the Subscriber has evaluated the risks of investing in the Shares and has determined that the Shares are a suitable investment for the Subscriber. The Subscriber has adequate means for providing for its current needs and personal or other contingencies and has no need for liquidity with regards to its investment in the Shares, and is able to bear the economic risk of its acquisition of the Shares, including a complete loss of its investment in the Company. The Subscriber understands that the Company does not now know what the capital to be contributed to the Company will be invested in or the total amount of capital the Company will have available to invest, and that the Company and Advisor will have complete control over the investments made by the Company. The Subscriber has not reproduced, duplicated or delivered the Offering Documents to any other person, except professional advisors to the Subscriber or as permitted in writing by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. <u>Purchase of an Investment</u>. The Subscriber represents and warrants that it is acquiring the Shares for investment purposes only and not with a view to the resale or distribution of all or any part of such Shares, and the Subscriber has no present intention, agreement or arrangement to divide its participation with others or to sell, assign, transfer or otherwise dispose of, directly or indirectly, all or any part of such Shares. Further, Subscriber agrees that if it determines to transfer or assign any of its Shares of the Company pursuant to the provisions hereof, it will cause its proposed transferee to agree to the transfer restrictions and make the representations set forth herein. The Subscriber understands that it must bear the economic risk of its investment in the Shares for an indefinite period of time, because, among other reasons, the offering and sale of the Shares are intended to be exempt from registration under the Securities Act of 1933, as amended, (the "**Securities Act**"), applicable state securities laws within the United States and securities laws of any non-U.S. jurisdictions, by virtue of the private placement exemption from registration provided in Section 4(2) of the Securities Act, and therefore any Shares acquired by the Subscriber may not be sold, offered for sale, exchanged, transferred, assigned, pledged, hypothecated or otherwise disposed of (each, a "**Transfer**") in any manner that would require the Company to register the Shares under the Securities Act, under any applicable state securities laws within the United States or the securities laws of any non-U.S. jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. <u>Jurisdiction Governing Subscription</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.1. The Subscriber was offered Shares in the jurisdiction listed as the Subscriber's address on Schedule 1 or previously provided to the Company and intends that the securities law of that jurisdiction govern the Subscriber's subscription.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.2. If the Subscriber is not a resident of the United States, at the time the Subscriber undertook to subscribe for the Shares, the Subscriber was outside the United States and is outside the United States as of the date of the execution and delivery of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6.3. If the Subscriber is not a resident of the United States, the Subscriber is purchasing the Shares for its own account and not on behalf of any U.S. person, and the sale has not been pre-arranged with a purchaser in the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8. <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9. <u>Correctness of Information</u>. The Subscriber represents and warrants that the information it has provided in this Subscription Agreement and any documents attached hereto or provided in connection with this Subscription Agreement (collectively "**Attachments**") (which Attachments are incorporated in this Subscription Agreement by reference, and which constitute representations and warranties to the Company, as if expressly set forth herein), and in any U.S. Internal Revenue Service or other tax form delivered to the Company, is true, accurate and complete and may be relied upon by the Company for any purpose, including the establishment of Subscriber-related facts underlying claims of exemption from the registration provisions of federal, state and non-U.S. securities laws, including the Securities Act and the Investment Company Act. The Subscriber acknowledges that the Company is relying on such information in connection with (a) the Subscriber becoming a shareholder of the Company, (b) not registering the offer and sale of the Shares under the Securities Act or any state or foreign securities laws, (c) not registering the Company under the Investment Company Act, and (d) the management of the Company's business. If at any time during the term of the Company any of the representations and warranties contained in this Subscription Agreement (including the Annexes, Schedules and Exhibits attached hereto) shall cease to be true, the Subscriber will promptly notify the Company in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10. <u>USA PATRIOT Act Confirmation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.1. If the Subscriber is an <u>individual</u>, the Subscriber represents and warrants that the Subscriber (a) is not, and is not acting on behalf of any other person in connection with this subscription that is (i) an individual, entity or organization named on the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Office of Foreign Assets Control (OFAC) (the "**SDN List**") or in the Annex to Executive Order No. 13224 (2001) issued by the President of the United States (Executive Order Blocking Property and Prohibiting Transactions with Persons who Commit, Threaten to Commit or Support Terrorism); (ii) a non-U.S. shell bank<sup>1</sup> or providing banking services indirectly to a non-U.S. shell bank; (iii) a senior non-U.S. political figure or an immediate family member or close associate<sup>2</sup> of such figure; or (iv) otherwise prohibited from investing in the Company pursuant to applicable U.S. anti-money laundering, anti-terrorist and asset control laws, regulations, rules or orders (categories (i) through (iv) together, a "**Prohibited Investor**") and (b) does not control, is not controlled by or under common control with any such Prohibited Investor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.2. If Subscriber is an <u>entity</u> and is NOT acting on behalf of one or more clients, Subscriber represents and warrants that (a) neither it nor its authorized contact persons are Prohibited Investors and (b) if it is a financial institution subject to the anti-money laundering ("**AML**") program requirements of the USA PATRIOT Act, it has adopted and implemented AML programs required by the USA PATRIOT Act and the regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.3. If Subscriber is an <u>entity</u> and is acting on behalf of one or more clients in connection with this subscription, Subscriber represents and warrants that Subscriber is a financial institution subject to the anti-money laundering program requirements of the USA PATRIOT Act, and Subscriber further represents that it has (a) implemented a customer identification program as required under section 326 of the USA PATRIOT Act and the regulations promulgated thereunder; (b) conducted the required due diligence on client(s) on whose behalf the Subscriber is acting; (c) determined that such client(s) are NOT Prohibited Investors as defined in Section 4.10.1 hereunder; and (d) retained and will continue to retain evidence of any such identities, any such source of funds or any such diligence as required by the USA PATRIOT Act and related regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.4. The Subscriber represents and warrants that Subscriber does not know or have any reason to suspect that (a) the monies used to fund the Subscriber's acquisition of the Shares have been or will be derived from or related to any illegal activities, including but not limited to, money laundering activities and (b) the proceeds from the Subscriber's acquisition of the Shares will be used to finance any illegal activities.

_______________

<sup>1</sup> A non-U.S. shell bank is a non-U.S. bank without a physical presence in any country.

<sup>2</sup> A "close associate" is a person who is widely and publicly known to maintain an unusually close relationship with the senior non-US political figure, including a person who is in a position to conduct substantial financial transactions on behalf of such figure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.5. The Subscriber agrees to provide the Company, promptly upon request, all information that the Company reasonably deems necessary or appropriate to comply with applicable U.S. anti-money laundering, anti-terrorist and asset control laws, regulations, rules and orders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.6. The Subscriber consents to the disclosure to U.S. regulators and law enforcement authorities by the Company and its affiliates and agents of such information about the Subscriber as the Company reasonably deems necessary or appropriate to allow the Company to comply with applicable U.S. anti-money laundering, anti-terrorist and asset control laws, regulations, rules and orders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.7. The Subscriber acknowledges that if, following Subscriber's investment in the Company, the Company in good faith believes that the Subscriber is a Prohibited Investor or otherwise engaged in suspicious activity, or if Subscriber refuses to provide promptly information that the Company requests, the Company has the right or may be obligated to prohibit additional investments, segregate the assets constituting the investment in accordance with applicable regulations or immediately require the Subscriber to withdraw from the Company. If the Subscriber is required to completely withdraw from the Company, the Subscriber shall bear any and all fees and expenses incurred by the Company to effect such withdrawal. The Subscriber further acknowledges that, to the fullest extent permitted by law, the Subscriber will have no claim against the Company or any of its affiliates or agents for any form of damages as a result of any of the foregoing actions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10.8. The Subscriber hereby understands that to help the United States government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each Subscriber who opens an account, all as set forth on <u>Schedule 1</u> and, if applicable, <u>Appendix 1</u>. The responses provided on such Schedule and, if applicable, such Appendix, are deemed to be made in this Subscription Agreement as if expressly set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>Bankruptcy, Pending Lawsuits, Outstanding Judgments</u>**. The Subscriber represents and warrants that the Subscriber has never filed for or been involved as a debtor in bankruptcy proceedings and there are no suits pending or judgments outstanding against it which, in one case or in the aggregate, could impair its ability to make the Capital Contribution to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>Power of Attorney</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. <u>Appointment of Company as Attorney-in-fact and Agent</u>. The Subscriber, by its execution hereof, hereby irrevocably makes, constitutes and appoints the Company as its true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for the Subscriber and in the Subscriber's name, place and stead, in any and all capacities, to complete blanks in the Subscription Documents as directed by the Subscriber and to make, execute, sign, acknowledge, swear to, record and file:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1. any and all filings required to be made by the Subscriber under the Securities Act of 1933 (the "**Exchange Act**") with respect to any of the Company's securities which may be deemed to be beneficially owned by the Subscriber under the Exchange Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2. all other instruments or papers not inconsistent with the terms of this Subscription Agreement which may be required by law to be filed on behalf of the Company.

With respect to the Subscriber and the Company, the foregoing power of attorney:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3. is coupled with an interest and shall be irrevocable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4. may be exercised by the Company either by signing separately as attorney-in-fact for the Subscriber or, after listing all of the Subscribers executing an instrument, by a single signature of the Company acting as attorney-in-fact for all of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.5. shall not be affected by the subsequent death, disability, incompetency, termination, bankruptcy, insolvency or dissolution of the Subscriber and shall survive the assignment by the Subscriber of the whole or any fraction of its Shares, except where the assignment is of the Subscriber's entire Shares and the assignee thereof, with the consent of the Company, provided, however, this power of attorney shall survive the delivery of such assignment for the sole purpose of enabling any such attorney-in-fact to effect such substitution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.6. may not be used by the Company in any manner that is inconsistent with the terms of this Subscription Agreement and any other written agreement between the Company and the Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. <u>Authorization to Execute Instructions</u>. The Subscriber hereby authorizes and instructs the Company to accept and execute any instructions in respect of the Shares to which this Subscription Agreement relates given by the Subscriber in written form (including email) or by facsimile. If instructions are given by the Subscriber by facsimile, the Subscriber undertakes to send the original letter of instructions to the Company and agrees to keep the Company indemnified against any loss of any nature whatsoever arising to any of them as a result of any of them acting upon facsimile instructions. The Company may rely conclusively upon and shall incur no liability in respect of any action taken upon any notice, consent, request, instructions or other instrument believed in good faith to be genuine or to be signed by properly authorized persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>Trustee, Agent, Representative or Nominee</u>**. If the Subscriber is acting as trustee, agent, representative or nominee for an underlying investor (a "**Beneficial Owner**"), the Subscriber understands and acknowledges that the representations, warranties and agreements made herein are made by the Subscriber (A) with respect to the Subscriber and (B) with respect to the Beneficial Owner of the Shares subscribed for hereby. The Subscriber also agrees to indemnify the Company, the Advisor, the Administrator, their respective officers, directors, members, employees, agents and shareholders, and each other person, if any, who controls or is controlled by any of the foregoing, within the meaning of Section 15 of the Securities Act, for any and all costs, fees and expenses (including legal fees and disbursements) in connection with any damages resulting from the Subscriber's or the Beneficial Owner's misrepresentation or misstatement contained herein, or the assertion of the Subscriber's lack of proper authorization from the Beneficial Owner of the Shares subscribed for hereby to enter into this Agreement or perform the obligations hereof or thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>Pass-Through Entity Representations</u>**. If the Subscriber is a partnership, limited liability company, grantor trust or Subchapter S corporation under the Code, at no time during the term of the Company will "substantially all" (within the meaning of Treasury Regulation Section 1.7704-1(h)(3)) of the value of any beneficial owner's interest in the Subscriber (directly or indirectly) be attributable to the Subscriber's ownership of the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>Miscellaneous Provisions</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. <u>Amendments and Waivers</u>. This Subscription Agreement may be amended only with the written consent of the Subscriber and the Company. The observance of any provision of this Subscription Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) by the party hereto that is entitled to the benefit thereof, but no such waiver shall be effective unless set forth in a written instrument duly executed by or on behalf of such party waiving such term or condition. No waiver by any party hereto of any provision of this Subscription Agreement in any one or more instances shall be deemed to be or construed as a waiver of the same or other provision of this Subscription Agreement on any future occasion. No delay or omission in the exercise of any power, remedy or right herein provided or otherwise available to any party hereto shall impair or affect the right of such party thereafter to exercise the same. Any extension of time or other indulgence granted to any party hereto shall not otherwise alter or affect any power, remedy or right with respect to the other party hereto, or the obligations of the party hereto to whom such extension or indulgence is granted. All remedies, either under this Subscription Agreement or by law or otherwise afforded, shall be cumulative and not alternative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. <u>Survival of Representations and Warranties; Indemnity</u>. All representations and warranties contained herein or in any Attachments hereto made by the Subscriber shall survive indefinitely following the execution and delivery of this Subscription Agreement, and the issue and sale of Shares. The Subscriber and its fiduciaries, if any, shall and hereby do agree to indemnify and hold each the Company, the Advisor, the Administrator and their respective controlling persons, officers, directors, members, partners, shareholders, employees, affiliates and each other person, if any, who controls or is controlled by any of the foregoing, within the meaning of Section 15 of the Securities Act, free and harmless from and in respect of any and all claims, actions, demands, causes of action, liabilities, losses and expenses whatsoever (including, but not limited to, legal fees and disbursements and any and all other expenses whatsoever reasonably incurred in investigating, preparing for or defending against any litigation, arbitration proceeding, or other action or proceeding, commenced or threatened, or any claim whatsoever) arising from the breach or alleged breach of any of the representations, warranties or covenants made in this Subscription Agreement or in any Attachment hereto or in any other document furnished by the Subscriber to any of the foregoing in connection with this transaction, or any action for securities law violation instituted by the Subscriber which is finally resolved by judgment against the Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3. <u>Effectively Connected Income</u>. The Subscriber understands that a direct investment in the Company by a foreign Subscriber will produce income that is effectively connected to a U.S. trade or business for U.S. federal income tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4. <u>Additional Information</u>. The Subscriber agrees to furnish additional information with regard to the Subscriber's suitability as a prospective Subscriber, should the Company, Advisor or Administrator reasonably request such information, including documentation as the Company, Advisor or Administrator may reasonably request to assist it in ascertaining compliance with Securities Laws, FINRA, and PATRIOT Act compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5. <u>Successors and Assigns</u>. This Subscription Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors of the parties hereto. However, the Subscriber shall not transfer this Subscription Agreement or any of its rights in, to or under this Subscription Agreement and any attempted transfer shall be void and without force or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6. <u>Notices</u>. All notices, requests and other communications hereunder must be in writing and shall be deemed to have been duly given only if delivered (a) in person, (b) by registered or certified mail (c) by private courier (including a nationally recognized overnight courier), (d) by facsimile or (e) by e-mail. All notices to the Company shall be delivered to RidePair Inc., Attn: Deborah Kenney, President, 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405, E-mail: investor@ridepair.io. All notices to the Subscriber shall be delivered to the address, facsimile number and email address provided by the Subscriber in Section 5 of <u>Schedule 1</u> attached hereto. The Subscriber may designate a new address for notices by giving written notice to that effect to the Company. The Company may designate a new address for notices by giving written notice to that effect to the Subscriber. A notice given in accordance with the foregoing clauses (a), (b) and (c) shall be deemed to have been effectively given three business days after such notice is mailed by registered or certified mail, return receipt requested, or one business day after such notice is sent by overnight delivery service or other one-day provider, to the proper address, or at the time delivered when delivered in person or by private courier. A notice given by facsimile or email shall be deemed to have been effectively given when sent unless the sender receives a message of "error in transmission," provided confirmatory notice is sent by first class mail, postage prepaid or receipt is confirmed by an officer or other authorized representative of the recipient by answerback or other written means.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7. <u>Applicable Law</u>. Subject to Section 4.6, this Subscription Agreement shall be construed in accordance with and governed by the internal substantive laws (without giving effect to the choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than Delaware) of the State of Delaware, regardless of whether it has been executed by the Subscriber outside of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8. <u>Reserved.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9. <u>Headings</u>. The headings of the sections of this Subscription Agreement are inserted for convenience only and shall not be deemed to constitute a part hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.10. <u>Severability</u>. In the event any provision of this Subscription Agreement is determined to be invalid or unenforceable, such provision shall be deemed severed from the remainder of this Subscription Agreement and replaced with a valid and enforceable provision as similar in intent as reasonably possible to the provision so severed and shall not cause the invalidity or unenforceability of the remainder of this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.11. <u>Entire Agreement</u>. This Subscription Agreement, together with its Attachments (which Attachments are incorporated in this Subscription Agreement by reference), constitute the entire agreement between the parties hereto with respect to the subject matter hereof, and any other prior or contemporaneous written or oral agreements, statements or assurances with respect to this subject matter are hereby rescinded and terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.12. <u>Irrevocability and Acceptance</u>. This Subscription Agreement is and shall be irrevocable by the undersigned but will not be binding on the Company unless and until it is agreed to and accepted by the Company. The Company in its sole discretion may accept this Subscription Agreement with respect to the Capital Contribution in whole or in part. Acceptance will be given either by delivery of this Subscription Agreement to the Subscriber with the form of acceptance executed by the Company or by such execution and written notice thereof to the Subscriber. The Subscriber agrees that by its execution, or execution on its behalf, of this Subscription Agreement and upon acceptance hereof by the Company, it agrees to be bound by terms of this Subscription Agreement and shall become a shareholder of the Company. This Subscription Agreement will expire if it is not accepted by the Company on, or prior to six months, from the date Subscriber has executed this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.13. <u>Counterparts; Facsimile Signatures</u>. This Subscription Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. Facsimile counterpart signatures to this Subscription Agreement shall be acceptable and binding.

[Signature Page to Follow]

**<u>Signature Page to Subscription Agreement<br> RidePair Inc.</u>**

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| | |
|:---|:---|
| INDIVIDUAL SUBSCRIBER/IRA:\* | INSTITUTIONAL SUBSCRIBER: |
| Name of Individual Subscriber | Name of Institutional Subscriber |
| Signature: | By: |
| Print Name: | Print Name: |
| Date: | Title: |
|  | Date: |

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| |
|:---|
| \*If IRA, the Subscriber must be identified as: <u>(name of the IRA Custodian) for the benefit of (the name of the individual)</u> and must also be acknowledged by custodian or trustee below. For an IRA, the individual signs above and the IRA Custodian or Trustee signs below. |
| <br> ***Acknowledgement by IRA Custodian or Trustee with respect to Investment for an IRA***:<br>By signing below, the undersigned custodian or trustee of the IRA for the benefit of the Individual Subscriber named above (the "**Client IRA**") acknowledges that investment in RidePair Inc. is being made through the Client IRA from the below referenced account and certifies that the Client IRA has directed the custodian or trustee to sign this Subscription Agreement on behalf of the IRA. The trustee or custodian's contact, account reference number and Tax ID are set forth below. |

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| | |
|:---|:---|
| Name of IRA Holder: | __________________________________________ |
| Name and Address of Custodian: | __________________________________________ |
| Contact Individual: | __________________________________________ |
| IRA Account or Other Reference Number: | __________________________________________ |
| Trustee/Custodian's Tax I.D. Number: | __________________________________________ |
| Acknowledgement by Custodian: | __________________________________________ |

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By:   <br> Name:   <br> Title:  

 **<u>NON-ACCREDITED INVESTOR LIMITATIONS</u>**

**No sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or your net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.**

**Investor Suitability Standards**

As a Tier 2 Regulation A offering, investors must comply with the 10% limitation to investment in the offering, as prescribed in Rule 251. Under Rule 251 of Regulation A, non-accredited, non-natural investors are subject to the investment limitation and may only invest funds which do not exceed 10% of the greater of the Subscriber's revenue or net assets (as of the purchaser's most recent fiscal year end). A non-accredited, natural person may only invest funds which do not exceed 10% of the greater of the purchaser's annual income or net worth (please see below on how to calculate your net worth).

NOTE: For the purposes of calculation, "Net Worth" is defined as the difference between total assets and total liabilities. This calculation must exclude the value of your primary residence and may exclude any indebtedness secured by your primary residence (up to an amount equal to the value of your primary residence). In the case of fiduciary accounts, net worth and/or income suitability requirements may be satisfied by the beneficiary of the account or by the fiduciary, if the donor or grantor is the fiduciary and the fiduciary directly or indirectly provides funds for the purchase of the Offered Shares.

**<u>ALL SUBSCRIBERS, PLEASE FOLLOW THESE INSTRUCTIONS:</u>**

***<u>ALL SUBSCRIBERS</u>: If you do not complete the applicable Schedule(s) or Annexes attached hereto, your Subscription Agreement shall be deemed incomplete and will be returned to you.***

**<u>INDIVIDUAL SUBSCRIBERS</u>*: Please complete <u>Schedule 1</u> and <u>Annex A</u> attached hereto.***

**<u>INSTITUTIONAL SUBSCRIBERS</u>*: Please complete <u>Schedule 1</u> and <u>Annex B</u> attached hereto.***

**THIS SUBSCRIPTION AGREEMENT SHALL NOT BE EFFECTIVE UNLESS AND UNTIL IT IS COUNTERSIGNED BY THE COMPANY.**

**<u>Signature Page of RidePair Inc.</u>**

Agreed to and Accepted by

**RidePair Inc.**

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| | |
|:---|:---|
| as of ______________________________, 2025 | $______________________________ |
|  | Amount of Capital Contribution Accepted |

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By:   <br> Print Name:   <br> Title:  

**<u>FOR ALL SUBSCRIBERS</u>**

**Schedule 1 to Subscription Agreement:** <br>**Subscriber Information**

**<u>(For All Subscribers)</u>**

**Instructions**: Please complete the applicable parts of this Schedule.

**Name and Address** (please print)

_____________________________________________________________________________<br> Name (Print both names if joint registration)

_____________________________________________________________________________<br> Street Address/Address of Principal Office

_____________________________________________________________________________

City State Zip Code

(____)______________________<br> Telephone number

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Investment</u>**. Please indicate below the amount of the Subscriber's proposed Capital Contribution in RidePair Inc.

Amount of Capital Contribution: $________________

Payment made by wire direct to:

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| | |
|:---|:---|
| Bank: | [_________________________________________] |
| ABA #: | [_________________________________________] |
| Account Name: | [_________________________________________] |
| Account #: | [_________________________________________] |
| Reference: | [_________________________________________] |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Primary Contact Person for this Account</u>**.

Name: _______________________________________________

Address: _____________________________________________

Telephone Number: _____________________________________

Facsimile Number: ______________________________________

E-mail Address: ________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>Persons authorized to act for the Subscriber</u> *(i.e., authorized to invest in funds, direct payment of funds, etc.)*.** In addition to the persons authorized by the power of attorney contained in Section 6 of the Subscription Agreement, the Subscriber hereby authorizes the person(s) noted below to act individually on behalf of this account unless otherwise noted. Please provide name, specimen signatures and titles in the form that such person would sign documents on behalf of this account, and telephone numbers. Without limiting the power of attorney contained in Section 6 of the Subscription Agreement, if there are circumstances under which more than one signature is required to take action with respect to this account, please state such circumstances. Requests to change the identity of persons authorized to act on behalf of a Subscriber which is a corporation, partnership, trust, estate or other fiduciary must be accompanied by appropriate documentation establishing the authority of the person seeking to act on behalf of the Subscriber. The Subscriber agrees that the Company may rely on the information provided herein until it receives written notice of superseding instructions.

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| | |
|:---|:---|
| Signature | Signature |
| Name (and title, if applicable) | Name (and title, if applicable) |
| Telephone number | Telephone number |
| Signature | Signature |
| Name (and title, if applicable) | Name (and title, if applicable) |
| Telephone number | Telephone number |

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Special Circumstances (e.g., if more than one signature is required, explain the circumstances and the number or identity of authorized signatories):

If no special circumstances are indicated above, any single authorized signatory indicated above <u>or</u> on the signature page to the Subscription Agreement will be deemed to have authority to act on behalf of the investor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **<u>Tax Information</u>:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. Please provide your Taxpayer I.D. Number/Social Security Number ***(as applicable)***:

Tax ID/SSN: ________________________________________

For ***<u>Joint Accounts,</u>*** please provide Taxpayer I.D. or Social Security Number (as applicable) for each Joint Account Holder.

Name:   Tax ID:   <br> Name:   Tax ID:  

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. The Subscriber is a/an (***please check the appropriate box)***:

☐ Individual

☐ Corporation

☐ Limited Partnership

☐ General Partnership

☐ Limited Liability Company

☐ S-Corporation

☐ Charitable Remainder Trust

☐ Group Trust (as defined in the Limited Partnership Agreement)

☐ Tax-Exempt Endowment

☐ Private Tax-Exempt Foundation (as defined in §509 of the Internal Revenue Code)

☐ Employee Benefit Plan (self-directed)

☐ Employee Benefit Plan (trustee directed)

☐ Fund of Funds

☐ Other Tax Exempt Organization (i.e., exempt from income taxation under §501 of the Internal Revenue<br> Code) _____________________________

☐ Other _____________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. Tax year ends: ____________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. State ***(if applicable)*** and country of residence for tax purposes: ____________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>Statements and Other Correspondence</u>.** Statements and other correspondence should be sent to (give name, address, fax number and email address, if available):

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| | | |
|:---|:---|:---|
|  | **<u>Primary Contact</u>** | **<u>Secondary Contact</u>** |
| Name | _____________________________ | _____________________________ |
| Company<br> (if applicable) | _____________________________ | _____________________________ |
| Title<br> (if applicable) | _____________________________ | _____________________________ |
| Address | _____________________________ | _____________________________ |
|  | _____________________________ | _____________________________ |
| Phone | _____________________________ | _____________________________ |
| Fax | _____________________________ | _____________________________ |
| E-mail | _____________________________ | _____________________________ |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>Distributions</u>.** Please indicate where distributions should be sent ***(please check and complete one)***:

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| | | |
|:---|:---|:---|
| **<u>For All Subscribers</u>** | ☐ Send check to: | ☐ Wire distributions to: |
| Bank Name: | _____________________________ | _____________________________ |
| Bank Address: | _____________________________ | _____________________________ |
| Bank ABA #: | _____________________________ | _____________________________ |
| Account Number: | _____________________________ | _____________________________ |
| Account Name: | _____________________________ | _____________________________ |
| Reference: | _____________________________ | _____________________________ |
| Contact Name: | _____________________________ | _____________________________ |
| Phone: | _____________________________ | _____________________________ |
| Email: | _____________________________ | _____________________________ |
| SWIFT Code: | _____________________________ | _____________________________ |
| Comments: | _____________________________ | _____________________________ |

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| | | |
|:---|:---|:---|
| **<u>For Non-US Subscribers Only:</u>** |  |  |
| US Correspondent Bank Name: | _____________________________ | _____________________________ |
| US Correspondent Bank's Routing Codes<br> (either ABA # or CHIPS #): | _____________________________ | _____________________________ |
| Beneficiary's Bank's Name: | _____________________________ | _____________________________ |
| Beneficiary's Bank's Routing Codes<br> (either BIC # or UID #): | _____________________________ | _____________________________ |
| Beneficiary's Name: | _____________________________ | _____________________________ |
| Beneficiary's Account Number: | _____________________________ | _____________________________ |
| Additional Reference Information: | _____________________________ | _____________________________ |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>Service of Process</u>. *(For foreign Subscribers only. Does not apply to domestic Subscribers.)*** If the Subscriber is either a foreign entity or is not a permanent resident of the United States, the Subscriber hereby irrevocably appoints the following as an agent within the United States to receive service of process on behalf of the Subscriber in connection with the enforcement of the obligation of the Subscriber to make capital contributions to the Company, or otherwise in connection with the Subscriber's subscription to contribute capital to the Company:

________________________________________________________________________________<br> ________________________________________________________________________________<br> ________________________________________________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>Additional Information</u>.** Please indicate your agreement with the statements below by checking "yes" or "no".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. You understand that the entire amount of your investment may be lost. ☐ Yes ☐ No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. You have prior experience investing in, and are familiar with, the types of investments in which the Company will invest. ☐ Yes ☐ No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. Following your investment in the Company, you will have adequate means of providing for your current needs and contingencies and you have no need for liquidity in this investment. ☐ Yes ☐ No

**<u>FOR ALL SUBSCRIBERS</u>**

**<u>ANNEX A – FOR INDIVIDUAL SUBSCRIBERS ONLY</u>**

**<u>Annex A to Subscription Agreement</u>:**<br>**<u>Subscriber Questionnaire for Individual Investors</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.  **<u>Subscriber as an Individual Investor</u>** . The Subscriber's investment in the Company is being made  ***(please check one and any corresponding box underneath the appropriate category)*** :

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| |
|:---|
| ☐ |
| ☐ with the Subscriber's spouse ***(please check one)***:<sup>1</sup> |

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☐as joint tenants with rights of survivorship.

☐as tenants in common.

☐as community property.

☐ through a revocable trust established to facilitate distribution of the Subscriber's estate and there are ___ living grantor(s) and ___ beneficiary(ies) other than the grantors (determined by treating any person indirectly owning an interest in the trust through one or more pass-through entities (*<u>i.e.</u>*, limited liability companies treated as a partnership for income tax purposes, partnerships, S corporations and trusts) as if such person were a beneficiary).

If the Subscriber is investing through a revocable trust, the Subscriber further represents that: ***(Please indicate whether the following representations are applicable by checking the appropriate box.)***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. substantially all of the value of each beneficial owner's interest (direct or indirect) in the trust is <u>not</u> attributable to such trust's interest (direct or indirect) in the Fund.

**(*Please check one.)*** ☐ True ☐ False

☐ through an Individual Retirement Account ***(For domestic Subscribers only. Does not apply to foreign Subscribers.) (Please check one box below and provide any applicable information.):***

 ****

☐ through the Subscriber's self-directed IRA/Roth IRA

_______________

<sup>1</sup> Any Co-Owner other than a spouse must submit a separate subscription agreement.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>Subscriber's Net Worth or Income</u>** *. **(Please indicate whether the following representation is applicable by checking the appropriate box.)*** The Subscriber has a net worth, individually or jointly with the Subscriber's spouse, which exceeds $1,000,000 at the time of each Closing,<sup>2</sup> or had an individual income in excess of $200,000 in each of the two most recent years or joint income with the Subscriber's spouse of $300,000 in each of those years and the Subscriber has a reasonable expectation of reaching the same income level in the current year.<sup>3</sup>

**(*Please check one)*** ☐ Yes ☐ No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Qualified Purchaser Questionnaire</u>** . The Subscriber is a "**Qualified Purchaser**" within the meaning of Section 3(c)(7) of the Investment Company Act of 1940, as amended (the "**Investment Company Act**") and as such term is defined in Section 2(a)(51)(A) of the Investment Company Act and Rule 2a-51 thereunder because:  ***(Note: Please read the definition of "Investments" in Exhibit A to this Subscription Agreement.) (Please indicate by checking the applicable box below)*** :

☐ the Subscriber is a natural person who owns $5,000,000 or more in Investments (including Investments owned jointly with the Subscriber's spouse);

☐ the Subscriber and its spouse will hold the Shares jointly as spouses and together they own $5,000,000 or more in Investments (including Investments owned jointly);

☐ the Subscriber is a company <sup>4</sup> that owns $5,000,000 or more in Investments and the Subscriber is owned directly or indirectly by natural persons who are related as siblings or spouses (including former spouses), or direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or

☐ the Subscriber is not a Qualified Purchaser.

__________________

<sup>2</sup> For purposes of calculating an individual Subscriber's net worth for this Subscription Agreement, net worth generally means the excess of total assets at fair market value (excluding the value of the primary residence of the Subscriber) over total liabilities, subject to the following adjustments: (i) indebtedness that is secured by the Subscriber's primary residence in excess of the estimated fair market value of the primary residence is included as a liability, and (ii) indebtedness that is secured by the Subscriber's primary residence, up to the estimated fair market value of the primary residence at the time of the entry into this Subscription Agreement, is not included as a liability (except that if the amount of such indebtedness outstanding at the time of the entry into this Subscription Agreement exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess is included as a liability).

<sup>3</sup> For purposes of this Subscription Agreement, individual income means adjusted gross income, as reported for federal income tax purposes, less any income attributable to a spouse or to property owned by a spouse, increased by the following amounts (but not including any amounts attributable to a spouse or to property owned by a spouse): (i) the amount of any tax-exempt interest income under Section 103 of the Code, and any "qualified distribution" from a Roth IRA received; (ii) the amount of losses claimed as a limited partner in a limited partnership as reported on Schedule E of Form 1040; (iii) any deduction claimed for depletion under Section 611 *et seq*. of the Code; (iv) amounts contributed to an Individual Retirement Account (other than a Roth IRA), as defined in the Code, or Keogh retirement plan; (v) alimony paid; (vi) any elective contributions to a cash or deferred arrangement under Section 401(k) of the Code; and (vii) for applicable taxable years, any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section 1202 of the Code.

<sup>4</sup> The term "company" includes a corporation, partnership, association, trust, fund, or any organized group of persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.  **<u>Subscriber Not Company-Related</u>** . The Subscriber ☐ is ☐ is not  ***(please check one)*** "Company-Related."<sup>5</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>Subscriber Status as U.S./Foreign Person</u>** .  ***(Please read Section 5.1 and check the box if you are described in such section. If not, check the box next to 5.2.)*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. ☐  **<u>For U.S. Persons</u>** . Subscriber is a natural person who is (i) a citizen of the United States or (ii) a resident of the United States, even if not a citizen.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. ☐  **<u>For Foreign Persons</u>** . The Subscriber is not a person described in Section 6.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.  **<u>Required IRS Certification</u>** *. **(Please read Section 6.1 if you are a U.S. Subscriber or Section 6.2 if you are a foreign Subscriber and indicate whether either representation is applicable to you by checking the box next to such statement)*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. ☐  **<u>IRS/W-9 Certification for U.S. Subscribers</u>** . The Subscriber is a person described in Section 5.1 and has attached hereto a properly completed and duly executed copy of Form W-9 "Request for Taxpayer Identification Number and Certification" in accordance with the instructions accompanying such form. The Subscriber agrees to promptly notify the General Partner and provide the General Partner with a new properly completed and duly executed copy of such form in the event any information the Subscriber provided on Form W-9 becomes inaccurate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. ☐  **<u>IRS/W-8 Certification for Foreign Subscribers</u> (*<u>i.e.</u>* persons who cannot make the certification in Section 6.1 above)**. Attached hereto is a properly completed and duly executed copy of Form W-8BEN or such other Form W-8 applicable to the Subscriber. The Subscriber agrees to promptly notify the General Partner and provide the General Partner with a new properly completed and duly executed copy of such form in the event any information the Subscriber provided thereon becomes inaccurate. In addition, upon request of the General Partner, the Subscriber will provide the General Partner with a new properly completed and duly executed copy of Form W-8BEN or such other Form W-8 applicable to the Subscriber within every three calendar years of the date on which it initially invested in the Fund.

**IF YOU DO NOT QUALIFY AS AN ACCREDITED INVESTOR, No sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or your net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov. IF YOU ARE NOT AN ACCREDITED INVESTOR, PLEASE CONFIRM YOU ARE COMPLYING WITH THIS PARAGRAPH:**

**(*Please check one)*** ☐ Yes ☐ No ☐ N/A (I am an Accredited Investor)

________________

<sup>5</sup> "Company-Related" means any person who is a (i) director, officer, trustee, advisory board member or knowledgeable employee of the Company, Advisor, Administrator or of an affiliated person of the Company, Advisor or Administrator that oversees the Company's investments, or (ii) a company owned exclusively by persons described in the preceding clause.

**END OF ANNEX A**

**<u>ANNEX B – FOR INSTITUTIONAL SUBSCRIBERS ONLY</u>**

**<u>Annex B to Subscription Agreement</u>:<br><u>Subscriber Questionnaire for Institutional Investors</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.  **<u>Accredited Investor Questionnaire</u>** . The Subscriber is an "accredited investor" within the meaning of Rule 501(a) of Regulation D ()"**Regulation D**") promulgated pursuant to the Securities Act because it is (please indicate by checking the applicable boxes):

☐ a plan that is established and maintained by a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, and has total assets in excess of $5,000,000.

☐ an insurance company as defined in Section 2(13) of the Securities Act.

☐ an investment company registered under the Investment Company Act.

☐ a business development company (as defined in Section 2(a)(48) of the Investment Company Act).

☐ a private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended (the "**Investment Advisers Act**").

☐ a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) of the Small Business Investment Act of 1958, as amended.

☐ a bank (as defined in Section 3(a)(2) of the Securities Act) or a savings and loan association or other institution (as defined in Section 3(a)(5)(A) of the Securities Act), whether acting in regard to this investment in its individual or a fiduciary capacity.

☐ a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**").

☐ an organization described in Section 501(c)(3) of the Code, not formed for the specific purpose of acquiring the Shares, with total assets in excess of $5,000,000.

☐ a corporation, foundation, endowment, a Massachusetts or similar business trust, partnership or limited liability company, not formed for the specific purpose of acquiring the Shares, with total assets in excess of $5,000,000.

☐ a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Shares, whose purchase of the Shares is directed by a sophisticated person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment.

☐ an entity in which all of the equity owners are "accredited investors" within the meaning of Regulation D (If this box is checked, please provide a completed Subscriber Questionnaire for each equity owner).

☐ a revocable trust that may be amended or revoked at any time by the grantors thereof and all the grantors are "accredited investors" within the meaning of Regulation D (If this box is checked, please contact the Company and provide a list of the grantors. Additional information may be required concerning the accredited investor status of each grantor).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>Qualified Purchaser Questionnaire</u>** . The Subscriber is a "Qualified Purchaser" within the meaning of Section 3(c)(7) of the Investment Company Act and as such term is defined in Section 2(a)(51)(A) of the Investment Company Act and Rule 2a-51 thereunder because it is a/an  ***(Note: Please read the definition of "Investments" in <u>Exhibit A</u> to this Subscription Agreement.) (Please indicate by checking the applicable boxes below)*** *:* 

☐ Institutional Entity - any person (e.g., an institutional investor) that owns and invests on a discretionary basis not less than $25,000,000 in Investments (other than a self-directed employee benefit plan or trust).

☐ Closely-Held Company - a company<sup>1</sup> that owns $5,000,000 or more in Investments and that is owned directly or indirectly by or for two or more natural persons who are related as siblings or spouses (including former spouses), or direct lineal descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations or trusts established for the benefit of such persons.

☐ Trust - a trust not formed for the specific purpose of acquiring the Shares for which the trustee or other person authorized to make decisions with respect to the trust, and each settlor or other person who has contributed assets to the trust, is and at the time of contributing assets to the trust was (a) a Qualified Purchaser described in the clause above, (b) a natural person who owns not less than $5,000,000 in Investments or (c) any person, acting for his own account or the accounts of other Qualified Purchasers, who in the aggregate owns and invests on a discretionary basis, not less than $25,000,000 in Investments.

☐ Qualified Institutional Buyer - a "Qualified Institutional Buyer" as defined in Rule 144A ("**Rule 144A**"):

☐ (a) acting for its own account (or for the account of another Qualified Institutional Buyer or another Qualified Purchaser) other than a dealer (as defined in paragraph (a)(i)(ii) of Rule 144A) or an employee benefit plan or trust.

☐ (b) which is an employee benefit plan or trust for which investment decisions are made solely by the fiduciary, trustee or sponsor of such plan or trust.

☐ Entity Comprised of Qualified Purchasers - an entity, all of the beneficial owners of which are Qualified Purchasers (includes Qualified Purchasers described in this Section 2 and natural persons who own not less than $5,000,000 in Investments) (If this box is checked, please have each beneficial owner complete a Subscriber Questionnaire).

☐ any other person (e.g., an institutional investor) that owns and invests on a discretionary basis not less than $25,000,000 in Investments (other than a self-directed employee benefit plan or trust).

☐ The Subscriber is not a Qualified Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Excluded Investment Entity Formed Prior to April 30, 1996</u>** . If the Subscriber is an investment entity that is excluded from regulation under the Investment Company Act pursuant to Section 3(c)(1) or Section 3(c)(7) thereunder and was formed prior to April 30, 1996, it has obtained all requisite consents from the Subscriber's direct or indirect beneficial owners to be treated as a "Qualified Purchaser" as required by Section 2(a)(51)(C) of the Investment Company Act and Rule 2a51-2 thereunder:  ***(Please answer by checking the applicable box below.)*** 

☐ Yes ☐ No ☐ Not Applicable

___________________

<sup>1</sup> The term "company" includes a corporation, partnership, association, trust, fund or any organized group of persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.  **<u>Subscriber as an Investor</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.  **<u>Subscriber Primarily Engaged in Investing, Reinvesting or Trading</u>** . Is the Subscriber engaged primarily in the business of investing, reinvesting or trading in securities for which ownership interests are held in the form of limited or general partnership interests, common stock, trust units, debt instruments or other securities?  ***(Please answer "yes" or "no" below by checking the applicable box below.*** 

☐ Yes ☐ No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.  **<u>Inclusion In or Exclusion From the Investment Company Act</u>** . If the Subscriber answered "yes" to question 4.1 above, the Subscriber  ***(please check the applicable box below)*** :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. ☐ is an investment company as defined under Section 3(a)(1) of the Investment Company Act, including registered investment companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. ☐ is excluded from the definition of "investment company" under the Investment Company Act  ***(please check (1) or (2) below)*** :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) ☐ in reliance on Section 3(c)(1) of the Investment Company Act (a private investment company with fewer than 100 beneficial owners);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) ☐ in reliance on Section 3(c)(7) of the Investment Company Act (a private company owned exclusively by "Qualified Purchasers"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. ☐ is excluded from the definition of "investment company" under the Investment Company Act in reliance on an exclusion other than Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act or otherwise excluded from regulation under the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.  **<u>Number of Beneficial Owners</u>** . If the Subscriber responded to question 4.2.B(1) or 4.2.B(2) above, the number of beneficial owners (as determined under Section 3(c)(1) or 3(c)(7), as applicable) of its investment entity is __________. ( ***The Company, in its sole discretion, may request information regarding the identity of the Subscriber's beneficial owners.)*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>The Subscriber</u>** :  ***(Please check each applicable subsection below.)*** 

☐ was ☐ was not formed, organized, reorganized, capitalized or recapitalized for the specific purpose of acquiring Shares;

☐ is ☐ is not operated for the specific purpose of acquiring Shares;

☐ is ☐ is not an investment entity for which the Subscriber's stockholders, partners, members or other beneficial owners can have individual discretion as to their participation or non-participation through the Subscriber in (i) the Subscriber's purchase of Shares or (ii) particular investments made by the Company;

☐ will ☐ will not have more than 40% of the value of the Subscriber's total assets (or, if the Subscriber is a private investment fund with binding, unconditional capital commitments from the Subscriber's partners or members, more than 40% of the Subscriber's committed capital) invested in the Company upon making this investment;

☐ is ☐ is not aware of any other circumstances that would require the Company to treat it as more than "one person" for purposes of Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act.

☐ has ☐ has never filed for or been involved as a debtor in bankruptcy proceedings and there are no suits pending or judgments outstanding against it which, in one case or in the aggregate, could impair its ability to make capital contributions to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.  **<u>Funds Invested by the Subscriber</u>** .  ***(For domestic and foreign Subscribers.)*** The funds invested by the Subscriber in the Company ☐ do ☐ do not  ***(please check one)*** constitute the assets of (a) a plan described in Section 4975(e)(1) of the Code, subject to Section 4975 of the Code, or (b) an entity whose underlying assets include assets of a plan described in (a) or (b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.  **<u>Relationship to Company</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. The Subscriber ☐ is ☐ is not  ***(please check one)*** "Company-Related." <sup>2</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. ☐ The Subscriber does ☐ does not ☐ have discretionary authority or control with respect to the assets of the Company or ☐ is ☐ is not a person that provides investment advice with respect to the Company's assets, or an "affiliate" of such a person. For purposes of this representation, an "affiliate" is any person controlling, controlled by or under common control with the Company or any of its investment advisers, including by reason of having the power to exercise a controlling influence over the management or policies of the Company or its investment adviser(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.  **<u>Subscriber Status as U.S./Foreign Person</u>** .  ***(Please read Section 8.1 and check the box if you are described in such section. If not, check the box next to Section 8.2)*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. ☐  **<u>For U.S. Persons</u>** . Subscriber is (i) an entity created or organized in or under the laws of the U.S., any state thereof that is treated for U.S. income tax purposes as a partnership or corporation, (ii) a trust, if either (A) the administration of which a court within the United States is able to exercise primary supervision over or for which one or more United States persons (including individual citizens or residents of the U.S.) have the authority to control all substantial decisions, or (B) the trust has a valid election in effect to be treated as a U.S. person, or (iii) an estate the income of which is subject to tax in the United States regardless of its source.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. ☐  **<u>For Foreign Persons</u>** . The Subscriber is not a Person described in Section 8.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.  **<u>Required IRS Certification</u>** . (Please read Section 9.1 if you are a domestic Subscriber and Section 9.2 if you are a foreign Subscriber and indicate whether either representation is applicable to you by checking the box next such statement.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. ☐  **<u>IRS/W-9 Certification for U.S. Subscribers</u>** . The Subscriber is a person of the type described in Section 8.1 and has attached hereto a properly completed and duly executed copy of Form W-9 "Request for Taxpayer Identification Number and Certification" in accordance with the instructions accompanying such form. The Subscriber agrees to promptly notify the Company and provide the Company with a new properly completed and duly executed copy of such form in the event any information the Subscriber provided on Form W-9 becomes inaccurate.  ***NOTE: Shareholders should consult their tax adviser regarding other forms that may be delivered to the Company to reduce or eliminate withholding or other taxes.*** 

__________________

<sup>2</sup> "Company-Related" means any person who is a (i) director, officer, trustee, advisory board member or knowledgeable employee of the Company, Advisor, Administrator or of an affiliated person of the Company, Advisor or Administrator that oversees the Company's investments, or (ii) a company owned exclusively by persons described in the preceding clause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. ☐  **<u>IRS/W-8 Certification for Foreign Subscribers</u>** . **(*<u>i.e.</u>* persons who cannot make the certification in Section 9.1 above)**. Attached hereto is a properly completed and duly executed copy of Form W-8BEN or such other Form W-8 applicable to the Subscriber. The Subscriber agrees to promptly notify the Company and provide the Company with a new properly completed and duly executed copy of such form in the event any information the Subscriber provided thereon becomes inaccurate. In addition, upon request of the Company, the Subscriber will provide the Company with a new properly completed and duly executed copy of Form W-8BEN or such other Form W-8 applicable to the Subscriber within every three calendar years of the date on which it initially invested in the Company.  ***NOTE: Shareholders should consult their tax adviser regarding other forms that may be delivered to the Company to reduce or eliminate withholding or other taxes.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.  **<u>Subscriber Status as Bank Holding Company</u>** . (Please check the box if applicable.)

☐ The Subscriber is subject to the Bank Holding Company Act of 1956, as amended (the "**BHCA**") or is directly or indirectly "controlled" (as that term is defined in the BHCA) by a company that is subject to the BHCA under the BHCA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.  **<u>Subscriber Subject to Public Disclosure Laws</u>** . (If applicable, please check the box and fill-in the requested information.)

☐The Subscriber is subject to the Freedom of Information Act, 5 U.S.C § 552 ("**FOIA**"), any state public records access laws, any state or other jurisdiction's laws similar in intent or effect to FOIA, or any similar statutory or legal right that might result in the disclosure of confidential information relating to the Company (together with FOIA, "**Public Disclosure Laws**").

*Please indicate the relevant Public Disclosure Laws to which the Subscriber is subject.*

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

**END OF ANNEX B**

**<u>Exhibit A</u>:<br>Definitions for Purposes of Determining Qualified Purchaser Status**

For purposes of the definition of a "**Qualified Purchaser**," the following constitute "**Investments**":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.  **<u>Included Assets</u>** :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. *Securities*,<sup>1</sup> except securities of an issuer that controls, <sup>2</sup> is controlled by or is under common control with the proposed Qualified Purchaser, that owns such securities, unless the *issuer of such securities* is (a) an investment company registered under the Investment Company Act, a company that would be an investment company but for the exclusions provided by sections 3(c)(1) through 3(c)(9) of the Investment Company Act (including a broker-dealer, bank or finance company) or exempt under Rule 3a-6 (foreign banks/insurance companies) or 3a-7 (certain structured finance vehicles) of the Investment Company Act; (b) a commodity pool; (c) a public company that files reports pursuant to Section 13 or 15(d) of the Exchange Act or is listed on a designated offshore securities market;<sup>3</sup> or (d) a private company that has shareholders equity in excess of $50,000,000 as reflected in its most recent financial statement (which shall be as of a date within sixteen (16) months from the date of the proposed Qualified Purchaser's investment in the Company), determined using generally accepted accounting procedures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. *Real estate held for investment purposes*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. *Commodity interests or physical commodities held for investment purposes*, including commodity futures contracts, options on such futures contracts and options on physical commodities traded on or subject to the rules of any contract market designated for trading such transactions under the Commodity Exchange Act and the rules thereunder, or board of trade or exchange outside the U.S., as contemplated in Part 30 of the rules under the Commodity Exchange Act;

______________________

<sup>1</sup> "Security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein based on the value thereof) or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a "security," or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

<sup>2</sup> "Control" is defined in Section 2(a)(9) of the Investment Company Act as "the power to exercise a controlling influence over the management or policies of a company, unless such power is solely the result of an official position with such company." Direct or indirect ownership of 25% of a company is presumed control.

<sup>3</sup> "Designated offshore securities market" means the Eurobond market, as regulated by the Association of International Bond Dealers; the Amsterdam Stock Exchange; the Australian Stock Exchange Limited; the Bermuda Stock Exchange; the Bourse de Bruxelles; the Copenhagen Stock Exchange; the European Association of Securities Dealers Automated Quotation; the Frankfurt Stock Exchange; the Helsinki Stock Exchange; The Stock Exchange of Hong Kong Limited; the Irish Stock Exchange; the Istanbul Stock Exchange; the Johnannesburg Stock Exchange; the London Stock Exchange; the Bourse de Luxembourg; the Mexico Stock Exchange; the Borsa Valori di Milan; the Montreal Stock Exchange; the Oslo Stock Exchange; the Bourse de Paris; the Stock Exchange of Singapore; the Stockholm Stock Exchange; the Tokyo Stock Exchange; the Toronto Stock Exchange; the Vancouver Stock Exchange; the Warsaw Stock Exchange and the Zurich Stock Exchange, and any other foreign stock exchange designated by the Securities and Exchange Commission under Regulation S of the Securities Act.

**<u>EXHIBIT A – DEFINITIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4. *Financial Contracts* as defined in Section 3(c)(ii)(B)(2) of the Investment Company Act entered into for investment purposes, to the extent such contracts are not securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5. *Cash and cash equivalents held for investment purposes* such as bank CDs and demand deposits, money market investments, and net cash surrender value of insurance policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6. With respect to investments in the Company to be made by companies exempt from registration pursuant to Section 3(c)(1) or 3(c)(7) of the Investment Company Act and commodity pools, *binding capital commitments to acquire an interest in, or make capital contributions to, the Subscriber, may be included as Investments owned*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7. With respect to natural persons, the value of investments held in IRA, 401K and similar retirement plans for the benefit of, and for which investments are directed by, such persons may be included as Investments; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8. *Companies* can count Investments held by majority-owned subsidiaries (corporate or otherwise), a parent company of which the subscribing company is a majority-owned subsidiary and other majority-owned subsidiaries of such parent company, regardless of whether the parent or such a subsidiary company is the proposed Qualified Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>Excluded Assets</u>** :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. *Real estate used for* "*personal use*," <sup>4</sup> *as a place of business, or in connection with a trade or business* by the Subscriber or a "Related Person." <sup>5</sup>Property that has been used by the Subscriber or a Related Person as a place of business or in connection with the conduct of a trade or business is also not an "investment," unless the Subscriber is primarily engaged in the real estate investment and development business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. *Controlled companies* other than as described in 1.1(a)-(d) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. *Cash* that is not held for investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. *Commodities held and financial contracts entered into as part of a trade or business*, unless the Subscriber is primarily engaged in the business of investing in or trading commodity interests, physical commodities or financial contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. *Jewelry, art work, antiques and other collectibles*.

_______________

<sup>4</sup> Residential real estate will not be deemed to be used for personal purposes if deductions with respect to such real estate are not disallowed by Section 280A of the Code.

<sup>5</sup> A "Related Person" is any person who is a sibling, spouse or former spouse or any direct lineal descendant or ancestor by birth or adoption of the Subscriber or a spouse of such descendant or ancestor; provided that, with respect to a Family Company (as defined in paragraph (A)(ii) of Section 2(a)(51) of the Investment Company Act), a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Valuation of "Investments"</u>** :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. *Investments are valued at cost or fair market value on the most recent practicable date, less outstanding indebtedness incurred to acquire or for the purpose of acquiring the Investments*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. *Family Companies must deduct indebtedness* incurred by the Family Company or any of its owners to acquire Investments held by the Family Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. For commodities, valuation is based on the initial margin or option premium deposited with the futures commission merchant. Swap agreements and similar financial contracts are valued at fair market value or cost (not notional amount).

**<u>Appendix 1</u>**

**<u>Questionnaire For Benefit Plan Investors</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Please list below all persons or entities that have the authority to (i) make this investment in the Company, (ii) terminate this investment in the Company, or (iii) negotiate the terms of this investment in the Company.

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Please identify each employer of employees covered by each plan, the assets of which are included in the Benefit Plan Investor's assets.

**___________________________________________________________________**

**___________________________________________________________________**

**___________________________________________________________________**

**___________________________________________________________________**

*(Attach additional page(s) if necessary.)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Please list below all "affiliates" <sup>1</sup> of persons listed in response to questions (a) and (b) above.

___________________________________________________________________

___________________________________________________________________

**___________________________________________________________________**

___________________________________________________________________

*(Attach additional page(s) if necessary.)*

**The signatory to the Subscription Agreement agrees to notify the Company promptly of any changes in the foregoing information which may occur prior to or following an investment in the Company.**

_________________

<sup>1</sup> "Affiliates" is defined for this purpose to include: (i) any person directly or indirectly, through one or more intermediaries, controlling, controlled by, or under common control with the person; (ii) any corporation, partnership, trust or unincorporated enterprise of which such person is an officer, director, 10 percent or more partner, or highly compensated employee as defined in Section 4975(e)(2)(H) of the Code (but only if the employer of such employee is the plan sponsor); and (iii) any director of the person or any employee of the person who is a highly compensated employee (as defined in Section 4975(e)(2)(H) of the Code), or who has direct or indirect authority, responsibility or control regarding the custody, management or disposition of plan assets. A named fiduciary of a plan with respect to the plan assets involved in the transaction and an employer (any of whose employees are covered by the plan) are affiliates with respect to each other for these purposes only if such employer or its affiliate has the authority (alone or shared with others) to appoint or terminate the named fiduciary or negotiate the terms of the named fiduciary's employment agreement.

**<u>Appendix 2</u>**

**Electronic Mail Authorization**

By signing below (and as long as you provide us with an electronic mail address) you consent to any and all authorized contacts receiving electronic communications and understand that no paper copy will follow by mail. You agree that the authorized contacts listed in the Subscription Agreement (and any others you may subsequently identify) are specified as your agents for the limited purpose of receiving, on your behalf, any electronic delivery including, but not limited to, account statements, performance reports, privacy notices, disclosure documents and any other information delivered or provided (i) by RidePair Inc. (the "**Company**") or any of its affiliates in connection with an investment in the Company and (ii) by any other agent of the foregoing.

You further agree to provide notification to the Company promptly in writing of any change to an e-mail or any other electronic delivery address specified above or otherwise agreed between you and the Company. Until we have received notice of a change, we may continue to send information to the previous e-mail or other electronic address, and any such information will be deemed to have been delivered, whether or not it is actually received. Additionally, you acknowledge and agree by signing below that a successful transmission report received by the Company will constitute delivery of any communication. At your request, we will send you paper copies of any information we make available in electronic form. You may request paper copies by contacting the Company. You agree, however, that neither your request for, nor our delivery of, a paper copy will imply that the previous electronic delivery of the information did not constitute good and effective delivery.

Although the Company will take all appropriate measures to protect the confidentiality of any information transmitted through e-mail, please be advised that the facility to encrypt e-mail messages is not available. Furthermore, the Internet is not a secure environment and the use of Internet e-mail carries with it a number of inherent risks. As a result, we cannot guarantee that e-mail will be delivered within a reasonable time or at all; that e-mail comes from the purported sender; that e-mail is not intercepted by unauthorized or unintended third parties; that the content of the e-mail is unaltered from the time of transmission and therefore we cannot guarantee the accuracy or completeness of the information; or that the e-mail sent by us will be free from viruses.

You are responsible for having any necessary hardware, software or other technology to access electronic communication. By signing below, you acknowledge and agree that you are aware of and accept the risks associated with Internet e-mail and that the Company's agents, the Company, their respective affiliates and each of their respective directors, employees and agents will have no liability, contingent or otherwise, to you or any third party arising from or in any way related to the use of electronic communication.

<u>FORMAT OF INFORMATION</u>

The documents and other information delivered electronically may be formatted in Adobe Acrobat's portable document format ("PDF"), or other file formats we deem appropriate.

E-mail Address: ______________________________

Please acknowledge your consent by signing here: ______________________________

**RIDEPAIR INC.**

**Summary of Terms**

---

| | |
|:---|:---|
| **Issuer:** | RidePair Inc. |
| **Securities offered:** | A maximum of (i) 50,000 shares of our Series B 10% Convertible Preferred Stock, par value $0.0001 ("Series B Preferred Stock") at an offering price of $1,000 per share (the "Offered Shares"), (ii) plus up to 5,000 incentive shares of Series B Preferred Stock ("Incentive Shares"). For each Investor purchasing more than $100,000 of Offered Shares (the "Incentive Threshold"), such Investor will receive such number of Incentive Shares equal to ten percent (10%) of the number of Offered Shares purchased (See "Plan of Distribution" in Offering Circular). |
| **Conversion into Common Stock:** | Each share of Series B Preferred Stock, having a stated value of $1,000 per share, will initially convert into such number of shares of Common Stock as determined by dividing the stated value by $2.50 per share, subject to adjustment as set forth in the Certificate of Designation of Series B Preferred Stock. |
| **Number of shares of Series B Preferred Stock outstanding before the offering** | None. |
| **Number of shares of Series B Preferred Stock to be outstanding after the offering** | 55,000 shares, if the maximum amount of Offered Shares are sold and assuming all Investors meet the Incentive Threshold. Such number of shares does not include any PIK Dividend shares that will be issued subsequent to the closings through July 15, 2026. |
| **Number of shares of Common Stock outstanding before the offering** | 6,714,525 shares outstanding as of May 1, 2025. |
| **Number of shares of Series A Preferred Stock outstanding before the offering** | 3,000,000 shares outstanding as of May 1, 2025. |
| **Number of shares of Common Stock outstanding after conversion of all shares of Series A Preferred Stock** | 36714525. |
| **Number of shares of Common Stock outstanding after conversion of all shares of Series A and Series B Preferred Stock** | 58,714,525 shares (assuming the full sale of 50,000 Offered Shares and assuming further, all investors meet the Incentive Threshold for all Offered Shares). |
| **Number of shares of Common Stock outstanding after conversion of all shares of Series A and Series B Preferred Stock inclusive of Series B Preferred Stock issued for dividends** | 60,914,525 shares (assuming the full sale of 50,000 Offered Shares and assuming further, all Investors meet the Incentive Threshold for all Offered Shares, and further assuming a closing of the full subscription occurs on July 15, 2025). |

---

---

| | |
|:---|:---|
| **Price per share / Stated Value:** | $1000. |
| **Maximum offering amount:** | 50,000 shares at $1,000 per share, or $50,000,000, excluding any applicable Incentive Shares or PIK Dividend shares (See "Plan of Distribution" in Offering Circular). |
| **Dividend Payments** | The Series B Preferred Stock will earn dividends at the rate of 10% per annum from issuance. For the periods commencing on each closing of this offering through July 15, 2026, Dividends will be paid through the issuance of additional shares of Series B Preferred Stock or PIK Dividends with any fractional share resulting therefrom, being paid in cash in lieu of the PIK Dividend. Thereafter, from July 16, 2026 through July 15, 2030, all Dividends, to the extent legally available, will be paid in cash on a quarterly basis on each occurrence of January 15th, April 15th, July 15th and October 15th. Such cash Dividends will be paid through the return of capital from the escrowed funds from this offering and then through the Company's profits, to the extent legally available under Delaware law. The final Dividend payment will be payable on July 15, 2030. |
| **Trading Market:** | There is no trading market for any of our securities, and we cannot assure you that a trading market will develop. We have not applied to list our securities on any national securities exchange. |
| **Use of proceeds:** | If we sell all of the Series B Preferred Stock being offered, our proceeds (excluding our estimated offering expenses and any escrowed funds to be used to return capital for the cash Dividends) will be $50,000,000. We will use the majority of the net proceeds for product advertising and marketing, software development, escrow for dividend payments, deferred compensation and working capital and other general corporate purposes. Please see "Use of Proceeds" in Offering Circular for further information. |
| **Risk factors:** | Investing in our Series B Preferred Stock involves a high degree of risk, including:<br>The Company is not yet profitable.<br>There will be immediate and substantial dilution to investors.<br>There is no market to sell the securities being purchased.<br>Our business is a competitive industry with competitors having greater financial resources.<br>We have a limited operating history.<br>There is doubt about our ability to continue as a going concern.<br>See "Risk Factors" for a more complete discussion of the risks related to this offering and our business and financial condition. |

---

## Ex1A-12

**Exhibit 12.1**

June 9, 2025

Ridepair Inc

2716 Ocean Blvd

Suite 1011

Santa Monica,

California 90405

**Re: Ridepair Inc. Offering Statement on Form 1-A**

Ladies and Gentlemen,

We have acted as special counsel to Ridepair Inc. (the "**Company**"), a corporation incorporated under the laws of the State of Delaware, in connection with the filing of an offering statement on Form 1-A (the "**Offering Statement**") under Regulation A of the Securities Act of 1933, as amended (the "**Securities Act**"), with the Securities and Exchange Commission (the "**Commission**") relating to the proposed offering by the Company (the "**Offering**") of up to (i) 50,000 shares of Series B 10% Convertible Preferred Stock, par value $0.0001 per share (the "**Preferred Shares**"), (ii) 5,000 shares of Series B 10% Convertible Preferred Stock ("**Incentive Shares**") issuable to certain purchasers as a bonus for purchasers purchasing more than 100 shares of Series B 10% Convertible Preferred Stock, (iii) 22,000,000 shares of common stock, par value $0.0001 per share, underlying the Preferred Shares and Incentive Shares on conversion (the "**Conversion Shares**"), (iv) 5,500 Shares of Series B 10% Convertible Preferred Stock (the "**PIK Dividend Shares**") that are issuable as paid-in-kind dividends on the Preferred Shares and Incentive Shares for the payment of dividends payable through July 15, 2026, and (iv) 2,200,000 shares of common stock underlying the PIK Dividend Shares on conversion ("**Dividend Conversion Shares**"). Collectively, the Preferred Shares, Incentive Shares, Conversion Shares, PIK Dividend Shares, and Dividend Conversion Shares are referred to herein collectively, as the "**Securities**".

For purposes of rendering this opinion, we have examined originals or copies (certified or otherwise identified to our satisfaction) of :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Amended and Restated Certificate of Incorporation,
 as filed with the Secretary of State of the State of Delaware on August 20, 2020;

2. Series B 10% Convertible Preferred Stock Designation,
 as filed with the Secretary of State of the State of Delaware on June 5, 2025 (the
 "**COD** ");

3. Bylaws of the Company in the form filed as Exhibit
 5 to the Offering Statement on Form 1-A, filed with the Commission on April 22, 2025; and

4. Resolutions of the Board of Directors of the Company
 approving the transactions contemplated by the Offering Statement dated April 22, 2025 and June 5, 2025, respectively.

We have also examined such other certificates of public officials, such certificates of executive officers of the Company and such other records, agreements, documents and instruments as we have deemed relevant and necessary as a basis for the opinion hereafter set forth.

In such examination, we have assumed: (i) the genuineness of all signatures, (ii) the legal capacity of all natural persons, (iii) the authenticity of all documents submitted to us as originals, (iv) the conformity to original documents of all documents submitted to us as certified, conformed or other copies and the authenticity of the originals of such documents and (v) that all records and other information made available to us by the Company on which we have relied are complete in all material respects. As to all questions of fact material to this opinion, we have relied solely upon the above-referenced certificates or comparable documents and other documents delivered pursuant thereto, have not performed or had performed any independent research of public records and have assumed that certificates of or other comparable documents from public officials dated prior to the date hereof remain accurate as of the date hereof.

Based on the foregoing and on such legal considerations as we deem relevant, assuming that the Offering Statement has been qualified by the Commission, and that the Securities are issued and sold in accordance with the terms and conditions described therein, we are of the opinion that:

(i) the Preferred Shares, when issued and delivered against payment therefor as described in the Offering Statement, will be validly issued,
fully paid and non-assessable,

(ii) the Incentive Shares, when issued and delivered as described in the Offering Statement, will be validly issued, fully paid and non-assessable,

(iii) the Conversion Shares, when issued, delivered and paid for in accordance with the terms of the COD, and assuming a sufficient number
of authorized but unissued shares of common stock of the Company is available for issuance when the Preferred Shares or Incentive Shares
are converted, will be validly issued, fully paid and non-assessable,

(iv) the PIK Dividend Shares, when issued and delivered in accordance with the terms of the COD, if and as when lawfully declared as dividends
by the Company, will be validly issued, fully paid and non-assessable, and

(v) the Dividend Conversion Shares, when issued and delivered in accordance with the terms of the COD, and assuming a sufficient number of
authorized but unissued shares of common stock of the Company is available for issuance when the PIK Dividend Shares are converted, will
be validly issued, fully paid and non-assessable.

The foregoing opinion is limited to the Delaware General Corporation Law and we do not express any opinion herein concerning any other law.

The opinion expressed herein is rendered as of the date hereof and is based on existing law, which is subject to change. Where our opinion expressed herein refers to events to occur at a future date, we have assumed that there will have been no changes in the relevant law or facts between the date hereof and such future date. We do not undertake to advise you of any changes in the opinion expressed herein from matters that may hereafter arise or be brought to our attention or to revise or supplement such opinion should the present laws of any jurisdiction be changed by legislative action, judicial decision or otherwise.

Our opinion expressed herein is limited to the matters expressly stated herein, and no opinion is implied or may be inferred beyond the matters expressly stated.

We hereby consent to the use of this letter as an exhibit to the Offering Statement and to any and all references to our firm in the offering circular that is a part of the Offering Statement. In giving this consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act, or the rules and regulations of the Commission.

Very truly yours,

SILVESTRE LAW GROUP, P.C.

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| | |
|:---|:---|
| By: | /s/ Raul Silvestre |
|  | Raul Silvestre, Managing Partner |

---

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

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** Ridepair Inc.

**Jurisdiction of Incorporation/Organization:** DE

**Year of Incorporation:** 2018

**CIK:** 0002050256

**I.R.S. Employer Identification Number:** 83-2599913

**Primary Standard Industrial Classification Code:** 7372

**Total number of full-time employees:** 3

**Total number of part-time employees:** 8

**Address of Principal Executive Offices:** 2716 Ocean Park Blvd, Suite 1011, Santa Monica, CA 90405

**Company Phone:** 818-770-5933

**Person to contact:** Silvestre Law Group, P.C.

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount       |
|:---|:---|
| Cash and Cash Equivalents                | $27952.00    |
| Investment Securities                    | $0.00        |
| Accounts and Notes Receivable            | $0.00        |
| Property, Plant and Equipment (PP&E)     | $0.00        |
| Total Assets                             | $675552.00   |
| Accounts Payable and Accrued Liabilities | $832961.00   |
| Long-Term Debt                           | $2003516.00  |
| Total Liabilities                        | $2836477.00  |
| Total Stockholders' Equity               | $-2160924.00 |
| Total Liabilities and Equity             | $675552.00   |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount       |
|:---|:---|
| Total Revenues                            | $0.00        |
| Costs and Expenses Applicable to Revenues | $0.00        |
| Depreciation and Amortization             | $178600.00   |
| Net Income                                | $-1493836.00 |
| Earnings Per Share - Basic                | -0.29        |
| Earnings Per Share - Diluted              | -0.47        |

**Auditor Information**

| Metric          | Amount                   |
|:---|:---|
| Name of Auditor | Victor Mokuolu CPA, PLLC |

### Outstanding Securities

| Class                    |   Outstanding |     CUSIP | Publicly Traded   |
|:---|---:|---:|:---|
| Common Stock             |       6714525 | 000000000 | None              |
| Series A Preferred Stock |       3000000 | 000000000 | None              |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

**Type of Securities Offered:** Equity (common or preferred stock)

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** No

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** No

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount       |
|:---|:---|
| Number of securities offered                                    | 50000        |
| Number of securities outstanding                                | 0            |
| Price per security                                              | $1000.00     |
| Issuer's aggregate offering price                               | $50000000.00 |
| Aggregate offering price of securities held by security holders | $0.00        |
| Aggregate price of securities offered concurrently              | $0.00        |
| Total aggregate offering price                                  | $50000000.00 |

**Anticipated Fees**

| Service Provider   | Name                      | Fees      |
|:---|:---|:---|
| Auditor            | Victor Mokuolu CPA, PLLC  | $20000.00 |
| Legal              | Silvestre Law Group, P.C. | $20000.00 |
| Promoters          |  |  |

**Estimated Net Proceeds to the Issuer:** —

### Item 5. Jurisdictions in Which Securities are to be Offered

AL, AK, AZ, AR, CA, CO, CT, DE, 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, DC, PR, A0, A1, A2, A3, A4, A5, A6, A7, A8, A9, B0, Z4

### Item 6. Unregistered Securities Issued or Sold Within One Year

**Name of Such Issuer:** RidePair Inc.

**Title of Securities Issued:** Common Stock

**Total Amount of Securities Issued:** 1992850

**Amount of such securities sold by principal security holders:** 0

**Aggregate consideration:** Within one (1) year of this filing we issued securities for total consideration of $255,991. The securities consist of: 394,000 shares of common stock issued pursuant to the exercise of common stock purchase warrants having an aggregate exercise price of $197,000; 1,400,000 shares of common stock issued as compensation for services totaling $140.00; and 58,850 shares of common stock issued as consideration for the payment of $58,851 of outstanding obligations.

**Basis for aggregate consideration:** —

**Securities Act Exemption:** Exempt from registration under Section 4(2) of the Securities Act and Rules promulgated thereunder.