# EDGAR Filing Document

**Accession Number:** 0001964416
**File Stem:** 0001670254-23-000087
**Filing Date:** 2023-2
**Character Count:** 225156
**Document Hash:** e71f5fc49e45bdd7fced2deae062241a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000087.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001670254-23-000087

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MCARTech, Inc.
- **CENTRAL INDEX KEY:** 0001964416
- **IRS NUMBER:** 822003840

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31755
- **FILM NUMBER:** 23600709

**BUSINESS ADDRESS:**
- **STREET 1:** 933 BOXWOOD DR
- **CITY:** MUNSTER
- **STATE:** IN
- **ZIP:** 46321
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 933 BOXWOOD DR
- **CITY:** MUNSTER
- **STATE:** IN
- **ZIP:** 46321

## Ex-99

### Attached PDF Documents

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

# Form C

## Cover Page

Name of issuer:

MCARTech, Inc.

Legal status of issuer:

Form: Corporation
Jurisdiction of incorporation/Organization: IN
Date of organization: 6/28/2017

Physical address of issuer:

933 Boswood Dr
Munster IN 46321

Website of issuer:

http://www.mcartech.com

Name of intermediary through which the offering will be conducted:

Wefunder Portal LLC

CM number of intermediary:

0001670254

SEC file number of intermediary:

007-00033

CBO number, if applicable, of intermediary:

283503

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

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

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

No

Type of security offered:

☐ Common Stock
☐ Preferred Stock
☐ Debt
☑ Other

If Other, describe the security offered:

Simple Agreement for Future Equity (SAPE)

Target number of securities to be offered:

100,000

Price:

$1.00000

Method for determining price:

Pre-rated portion of the total principal value of $100,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under item 13.

Target offering amount:

$100,000.00

Oversubscriptions accepted:

☑ Yes
☐ No

If yes, disclose how oversubscriptions will be allocated:

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

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

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

$1,235,000.00

Deadline to reach the target offering amount:

4/30/2025

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

Current number of employees:

1

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $260,789.00 | $173,911.00 |
| Cash & Cash Equivalents: | $251,026.00 | $157,802.00 |
| Accounts Receivable: | $7,910.00 | $233.00 |
| Short-term Debt: | $346,305.00 | $60,993.00 |
| Long-term Debt: | $0.00 | $0.00 |
| Revenues/Units: | $36,202.00 | $85,048.00 |
| Cost of Goods Sold: | $15,919.00 | $337.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | ($198,434.00) | ($128,950.00) |

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

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

## Offering Statement

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

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

### THE COMPANY

1. Name of Issuer:

MCARTech, Inc.

### COMPANY ELIGIBILITY

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

- Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding.
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

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

3. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 203 of Regulation Crowdfunding?

☐ Yes ☑ No

### DIRECTORS OF THE COMPANY

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

| Director | Principal Occupation | Tech Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Kumar R. Chatterjee | CEO / President | MCARTech, Inc. | 2017 |
| Thierry-Olivier Lefevre | Director of Operations | McInnis Cement | 2022 |
| Kanishka Aman Singh | COO / Senior Systems Specialist | MCARTech, Inc. | 2018 |
| Steven Guzy | JSW Steel | Independent Consultant | 2022 |

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

### OFFICERS OF THE COMPANY

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

| Officer | Positions Held | Year Joined |
| --- | --- | --- |
| Om Mandhana | CFO | 2022 |
| Kumar R. Chatterjee | President | 2017 |
| Kumar R. Chatterjee | CEO | 2017 |
| Kanishka Aman Singh | Vice President | 2018 |
| Kanishka Aman Singh | COO | 2018 |

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

INSTRUCTION TO QUESTION 5: For purposes of this Question 2, the same officer means a president, vice president, secretary, treasurer or principal financial officer, a competitor or principal accounting officer, and any person that controls performing similar functions.

### PRINCIPAL SECURITY HOLDERS

6. Provide the name and ownership level of each person, as of the most recent year's date.

date, who is the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| Kumar R. Chatterjee | 650.0 Common Stock | 83.76 |

INSTRUCTION REQUESTED: The above information must be provided as of a date that is no more than 120 days prior to the date of filing of this offering statement.

To calculate total voting power, include all securities, for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to shares the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of description, measure or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities on shares in such direct (or control) - as, for example, a permanent (less should) be included as being "beneficially owned." The denial include an explanation of these circumstances in a footnote to the "Number of and Class of Securities Now Held." To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities unsecured.

## BUSINESS AND ANTICIPATED BUSINESS PLAN

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

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

INSTRUCTION REQUESTED: "Refresher will provide your company's Refresher profile as an appendix (Appendix A) to the Form C on FSB format. The submission will include all Q&A terms and "total mass" risks in an unassigned format. All values will be researched."

This means that any information provided in your Refresher profile will be provided to the SEC in response to this question. As a result, your company will be personally liable for measurements and emissions in your profile under the Securities Act of 1933, which requires you to provide material information related to your business and anticipated business plans. Please return your Refresher profile carefully to ensure it provides all material information, in any form or misleading, and does not omit any information that would cause the information included in the plan or misleading.

## RISK FACTORS

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

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

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

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

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

The Company is an early stage company incorporated on June 29, 2017. Accordingly, the Company's operations are subject to all the risks inherent in the establishment of a new business enterprise, including potential operating losses. Any investment in the Company must be considered in light of the risks, expenses and difficulties frequently encountered by companies in an early stage of development in new and rapidly evolving markets. These risks include the Company's substantial dependence on acceptance into a highly competitive marketplace surrounded by better funded and more established companies, our need to conduct product development, and our need to expand our sales and support organizations, respond to competition, manage changing operations, develop strategic relationships, control costs and expenses, maintain and enhance our brand, expand our product and service offerings, improve function and benefits, attract, integrate, retain and motivate qualified personnel, and rely upon acceptance and growth in our targeted markets. In addition to being subject to all of the risks associated with the creation of a new business, the Company will be subject to factors affecting business generally, such as general economic conditions, increasing government regulatory activity, scarcity of environmental resources, and competition. The Company believes that the estimates prepared by them as to capital, personnel, equipment and facilities required for their operations are reasonable, but until their operations have continued for a period of time, it will be impossible to determine the accuracy of such estimates. No assurance can be given as to the ultimate success of the Company. The likelihood of the success of the Company must be considered in light of the problems, expenses, difficulties, complications and delays frequently encountered in connection with the formation of a new business.

Although a team of experienced industry professionals leads the company, none of them have ever been involved in bringing an IoT-based Asset Reliability company to market. There is also limited proof of the business model.

We face competition with respect to our key products that we seek to develop or commercialize in the future. Our competition includes offerings from major companies worldwide, including GE, Siemens, Rockwell, ABB, and Honeywell. Many of our competitors have significantly greater financial, technical and human resources and superior expertise in research and development and marketing Asset Reliability systems. These competitors may also in the future compete with us in recruiting and retaining qualified personnel and acquiring technologies. Smaller or early stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large and established companies. Accordingly, our competitors may commercialize offerings more rapidly or effectively than we are able to, which would adversely affect our competitive position, the likelihood that our application will achieve initial market acceptance and our ability to generate meaningful additional revenues.

We can provide no assurance that our current or potential competitors will not provide products or services comparable or superior to those provided by us or adapt more quickly than we do to evolving industry or market trends. Increased competition may result in price reductions, reduced gross margins and loss of market share, any of which would materially and adversely affect our business, prospects, financial condition or results of operations. We cannot assure investors that we will be able to compete effectively against current and future competitors.

In order to respond to market changes, the Company's management may from time to time make changes to the business of the Company. There are certain risks associated with such changes. As a strategic response to changes in the competitive environment, the Company may from time to time make certain

pricing, service or marketing decisions or business combinations that could have a material adverse effect on the Company's business, results of operations and financial condition.

As a startup organization, the company is still very dependent on its co-founders. If anything catastrophic were to happen to the company's founding team, the future of the company may be compromised.

The Company's future success depends on the continued services and performances of key management, consultants and advisors, and it currently does not carry key person life insurance. Also, the Company's future success may further depend on the Company's ability to attract and retain additional key personnel and third party contractual relationships. If the Company is unable to attract and retain key personnel and third party contractors, this could adversely affect our business, financial condition, and operating results.

The Company relies on Amazon Web Services for hosting and other third party vendors for our operations. Any interruption in the availability of these services could have material negative impact on our ability to deliver service to users, as well as the profitability of these operations. Interruptions could occur due to both Internet outages as well as policy changes or terms violations according to these third parties. The prospect of increased regulation and/or Internet censorship may create access challenges to our users and service offerings. Our long-term vision is to extract all third party hosting requirements in order to become independently sustainable.

We are subject to income taxes as well as non-income based taxes, such as payroll, sales, use, value-added, net worth, property and goods and services taxes, in the US. Changes in employment laws or regulation could harm our performance.

To increase revenues we must increase our visibility in the marketplace. Potential customers and image creators must be aware we exist and be able to find us. We need to demonstrate how our services can be useful to them. That could require us to devote more resources to marketing efforts, including advertising and other expenses, to build public awareness of our brand. Even with an enhanced marketing effort, there is no guarantee that we will be able to convert leads into paying customers. Any number of conditions could affect the success of our marketing efforts, which could adversely affect our results of operations and future growth.

The Company's revenue model may be impaired or change. The Company's success depends mainly on its ability to receive revenue as earnings from the Company's software as a Service platform. The company may generate but retain some or all of the earnings for growth and development of its business and accordingly, not make distributions to the shareholders. If the Company does not generate revenue, its business, financial condition, and operating results will be materially adversely affected.

The Company has made certain assumptions about the Asset Reliability marketplace in order to create financial projections for the business. There is risk associated with the accuracy of these projections due to continuous changes in technology, new feature introductions by competitors, or changes to the industry. In order to mitigate this risk, the Company has taken great care to ensure the reliability and source quality of key assumptions used in the business plan. The company diligently researches publicly-available information and initiatives of competitors, and changes in the marketplace. We pride ourselves on being innovative and ahead of the curve whenever possible.

We may provide certain projected results of operations to prospective investors in connection with this offering. Projections are hypothetical and based upon present factors thought by management to influence our operations. Projections do not, and cannot, take into account such factors as market fluctuations, unforeseeable events such as natural disasters, the terms and conditions of any possible financing, and other possible occurrences that are beyond our ability to control or even to predict. While management believes that the projections reflect the possible outcome of our operation and performance, results depicted in the projections cannot be guaranteed.

The success of the Company will depend on its ability to compete for and retain additional qualified key personnel to enhance the growth. The Company's business would be adversely affected if it were unable to recruit qualified personnel when necessary or if it were to lose the services of certain key personnel and it were unable to locate suitable replacements in a timely manner. Finding and hiring such replacements, if any, could be costly and might require the Company to grant significant equity awards or incentive compensation, which could have a material adverse effect on the Company's financial results and on your investment. The loss, through untimely death, unwillingness to continue or otherwise, of any such persons could have a materially adverse effect on the Company and its business.

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

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

Om Mandhana is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.

ANSTRA-COMP REPRODUCTION IS A GOOD BENEFICIAL AGREEMENT AND INCLUDE WITH THESE FURTHER DATA AND STRATEGIES IN OUR LIABILITY. THIS REPRODUCTION IS A GOOD BENEFICIAL AGREEMENT AND IS A GOOD BENEFICIAL AGREEMENT. THE AGREEMENT IS A GOOD BENEFICIAL AGREEMENT AND IS A GOOD BENEFICIAL AGREEMENT.

# The Offering

## USE OF FUNDS

8. What is the purpose of this offering?

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

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

If we raise $100,000

Use of 75% towards increased working capital constraints, 6.5% towards WeFunder fees, 18.5% towards continued software improvements

If we raise $1,235,000

Use of 35% towards increased working capital constraints, 25% towards corporate marketing, 23.5% towards increased manpower (personnel trained to install ALERT), 10% towards continued software improvements, 6.5% towards WeFunder fees

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

## DELIVERY & CANCELLATIONS

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

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

12. How can an investor cancel an investment commitment?

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

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

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

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

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

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

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

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

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

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

## Ownership and Capital Structure

### THE OFFERING

13. Describe the terms of the securities being offered.

To view a copy of the SAFE you will purchase, please see

Appendix B, Investor Contracts.

The main terms of the SAFEs are provided below.

The SAFEs. We are offering securities in the form of a Simple Agreement for Future Equity ("SAFE"),

which provides investors the right to preferred stock in the Company ("Preferred Stock"),

when and if the Company sponsors an equity offering that involves Preferred Stock, or the standard terms offered by other investors.

Conversion to Preferred Equity. Based on our SAFEs, when we engage in an offering of equity interests involving preferred stock,

Investors will receive a number of shares of preferred stock calculated using the method that results in the greater number of preferred stock:

i. the total value of the Investor's investment, divided by the price of preferred stock issued to new Investors, or

ii. if the valuation for the company is more than $5,000,000.00 (the "Valuation Cap"), the amount invested by the investor divided by the quotient of

a. the Valuation Cap divided by

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

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

- Includes all shares of Capital Stock issued and outstanding;

- Includes all Converting Securities;

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

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

Liquidity Events. If the Company has an initial public offering or is acquired by, merged with, or otherwise taken over by another company or new owners prior to Investors in the SAFEs receiving preferred stock, Investors will receive

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

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

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

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

3. Senior to payments for Common Stock.

### Securities Issued by the SPV

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

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

### Voting Rights

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

### Proxy to the Lead Investor

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

### Restriction on Transferability

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

14. Do the securities offered have voting rights?

☐ Yes
☑ No

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

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

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

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

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

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

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

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

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

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

### RESTRICTIONS ON TRANSFER OF THE SECURITIES BEING OFFERED:

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

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

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

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

### DESCRIPTION OF ISSUER'S SECURITIES

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

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Common | 1000 | 776 | Yes |

Securities Reserved for
Class of Security Issuance upon Exercise or Conversion

Warrants:

Options:

Describe any other rights:

If these SAFEs convert, they will convert to preferred stock, which has liquidation preferences over common stock. The Company hasn't authorized any preferred stock yet.

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

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

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

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

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

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

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

No.

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

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

For example, the shareholders may change the terms of the articles of incorporation for the company, change the terms of securities issued by the Company, change the management of the Company, and even force out minority holders of securities. The shareholders may make changes that affect the tax treatment of the Company in ways that are unfavorable to you but favorable to

them. They may also vote to engage in new offerings and/or to register certain of the Company's securities in a way that negatively affects the value of the securities the investor owns. Other holders of securities of the Company may also have access to more information than the investor, leaving the investor at a disadvantage with respect to any decisions regarding the securities he or she owns.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Additional issuances of securities. Following the investor's investment in the

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

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

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

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

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

Loan

| Lender | Kumar Chatterjee |
| --- | --- |
| Issue date | 12/30/21 |
| Amount | $25,811.00 |
| Outstanding principal plus interest | $25,811.00 as of 02/05/23 |
| Interest rate | 0.0% per annum |
| Current with payments | Yes |

Business expenses incurred by founder between 2017-2021 yet to be reimbursed. No maturity date.

Loan

| Lender | Vikas Khemani, Kanishka Aman Singh |
| --- | --- |
| Issue date | 12/30/21 |
| Amount | $6,694.00 |
| Outstanding principal plus interest | $1,400.00 as of 02/05/23 |
| Interest rate | 0.0% per annum |
| Current with payments | Yes |

Unadulterated expenses incurred between 2017-2021 or shareholders other than founder, Vikas Khemani's loan has been settled, small outstanding amount owed to Kanishka Aman Singh. No maturity date.

DISTRICTOR REQUESTED: 24. note the entities amount owed, interest rate, maturity date, and any other material terms.

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

| Offering Date | Exemption | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 11/2021 | Section 4(a)(2) |  | $100,000 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(b) of the Securities Act during the preceding 12-month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. If the issuer was incorporated or organized within the past three years, any promoter of the issuer;
4. or any immediate family member of any of the foregoing persons.
☑ Yes
☐ No

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

| Name | Kumar Chatterjee, Kanishka Aman Singh, and Vikas Khemani |
| --- | --- |
| Amount invested | $1,000.00 |
| Transaction type | Other |
| Issue date | 08/13/18 |
| Relationship | Shareholders |

Founder contribution

Name

City, State, Zip

| Name | Unit: Finance and |
| --- | --- |
| Amount invested | $100,000.00 |
| Transaction type | Other |
| Issue date | 11/23/21 |
| Relationship | CFO |

Unsecured advances from an angel investor (see our CFO), also since have converted to common stock.

| Name | Kumar Chatterjee |
| --- | --- |
| Amount invested | $25,111.00 |
| Transaction type | Loan |
| Issue date | 12/30/21 |
| Outstanding principal plus interest | $25,111.00 as of 02/05/23 |
| Interest rate | 0.0% per annum |
| Current with payments | Yes |
| Relationship | Founder/CEO |

Business expenses incurred by founder between 2017-2021 yet to be reimbursed.

| Name | Vikas Khemak, Kamshika Aman Singh |
| --- | --- |
| Amount invested | $6,694.00 |
| Transaction type | Loan |
| Issue date | 12/30/21 |
| Outstanding principal plus interest | $1,400.00 as of 02/05/23 |
| Interest rate | 0.0% per annum |
| Current with payments | Yes |
| Relationship | Shareholders |

Unestablished expenses incurred between 2017-2021 to shareholders other than founder, Vikas Khemak's position from initial, until outstanding amount owed to Kamshika Aman Singh.

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

Beneficial ownership for purposes of paragraph (2) shall be determined as of a date first to be more than 120 days prior to the date of filing of the offering statement and using the same calculation described in Questions 6 of the Questions and Answer format.

The term "member of the family" includes any child, stepchild, grandchild, parent, neighbours, grandparents, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the person, and includes adoptive relationships. The term "special equivalent" means a substantial occupying relationship generally equivalent to that of a spouse.

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

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

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

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

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

#### Overview

MCARTech helps companies in the manufacturing and process industry keep their plants operating efficiently, thereby maximizing productivity, output, and financial value. We assess every client's unique processes and trouble areas, and provide solutions to prevent equipment failure before it happens. Our real-time condition monitoring system ALERT detects abnormal machinery behavior at an early stage, and offers countermeasures to fix errors before serious malfunctions can develop.

In five years, we aim to be recognized as a competitive industry leader and the go-to provider of Asset Reliability solutions. We envision a multi-continental client base of at least a hundred and a gross revenue of over $30 million. These projections can't be guaranteed.

#### Milestones

MCARTech, Inc. was incorporated in the State of Indiana in June 2011.

Since then, we have:

- Contracts signed w/ 2 international manufacturing companies, several more in talks
- Successfully completed proof-of-concept w/ 3 clients
- Highly-specialized engineering team w/ 150+ years of combined experience
- Offer more effective, adaptable solutions at more affordable rates than all major competitors
- Industrial IoT market valued at $15.88 in '20 -- projected to be $24.48 by 2028, CAGR of 9.15%

# **Historical Results of Operations**

- Revenue & Gross Margin. For the period ended December 31, 2021, the Company had revenues of $36,202 compared to the year ended December 31, 2020, when the Company had revenues of $83,048. Our gross margin was 56.03% in fiscal year 2021, compared to 99.6% in 2020.

- Assets. As of December 31, 2021, the Company had total assets of $260,789, including $251,026 in cash. As of December 31, 2020, the Company had $173,911 in total assets, including $157,802 in cash.

- Net Loss. The Company has had net losses of $198,434 and net losses of $128,950 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.

- Liabilities. The Company's liabilities totaled $346,305 for the fiscal year ended December 31, 2021 and $60,593 for the fiscal year ended December 31, 2020.

# **Related Party Transaction**

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

# **Liquidity & Capital Resources**

To-date, the company has been financed with $145,863 in debt, $100,000 in equity, and $1,000 in founder contributions.

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

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

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional courses of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

# **Runway & Short/Mid Term Expenses**

MCARTech, Inc. cash in hand is $50,110, as of February 2023. Over the last three months, revenues have averaged $5,518/month, cost of goods sold has averaged $700/month, and operational expenses have averaged $16,000/month, for an average burn rate of $11,182 per month. Our intent is to be profitable in 24 months.

The primary change in the our finances since the date our financials cover is that we have both marginally increased our monthly revenue and reduced our expenses.

During 2021, our revenue went down temporarily. This was due to two of our clients who were impacted by the COVID-19 pandemic and had to curtail their operations and expenses. Another contract ended in 2020 and could not be extended due to the pandemic. Since then, our revenues have increased.

In the next 3-6 months, we expect our revenues to increase from approximately $5.5k/month to $7.2k/month. We do not expect any significant increase in expenses.

Currently, we are not profitable. We estimate that we require around $500,000 to achieve profitability, which we believe we can accomplish in the next 24 months. This is the minimum amount that we would require to expand our marketing efforts and the manpower necessary to execute an increased number of contracts.

Apart from revenue, we have received a sizable investment from an angel investor in our founder's personal network.

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

INSTRUCTIONS INFORMATION: The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial risk factors and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether insurance needs and cash flows are representative of what resources should report in the future. This may increase the proceeds of the offering and any other known or pending sources of capital. There is free the proceeds from the offering will affect liquidity, whether receiving these funds and any other additional funds is necessary in the vicinity of the business, and how quickly the issuer anticipates using its available cash. Here the tax other available sources of capital in the business, such as lines of credit or required contributions by shareholders. References to the issuer in this Question 25 and these instructions refer to the issuer and its predecessors, if any.

## FINANCIAL INFORMATION

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

Refer to Appendix C, Financial Statements

1. Kumar R. Chatterjee, certify that:

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

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

Kumar R. Chatterjee
CEO / President

## STAKEHOLDER ELIGIBILITY

30. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, any promoter connected with the

issue in any capacity of the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 16, 2016.

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

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

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

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

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

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

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

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

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

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

A. association with an entity regulated by such commission, authority, agency or officer? ☐ Yes ☑ No

B. engaging in the business of securities, insurance or banking? ☐ Yes ☑ No

C. engaging in savings association or credit union activities? ☐ Yes ☑ No

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

(4) Is any such person subject to an order of the Commission entered pursuant to Section 10(b) or 10(b)(1) of the Exchange Act or Section 203(b) or (2) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:

i. suspends or revokes such person's registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal? ☐ Yes ☑ No

ii. places limitations on the activities, functions or operations of such person?

☐ Yes ☑ No

iii. bars such person from being associated with any entity or from participating in the offering of any penny stock? ☐ Yes ☑ No

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

i. any scanner-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 10(c)(3) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder? ☐ Yes ☑ No

ii. Section 5 of the Securities Act? ☐ Yes ☑ No

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

☐ Yes ☑ No

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

☐ Yes ☑ No

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

☐ Yes ☑ No

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

INSTRUCTIONS REQUISITION 19. Final order makes available directly or indirectly, determined by a federal or state agency, described in Rule 19(a)(3) of Regulation C (requiring, under applicable authority authority that provides for notice and an opportunity for hearing, which constitutes a final disposition or action by that federal or state agency).

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

## OTHER MATERIAL INFORMATION

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

- (1) any other material information presented to investors; and

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

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

The Lead Investor is an experienced investor that is chosen to act in the role of

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

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

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

Although the Lead Investor may act in multiple roles with respect to the Company's offerings and may potentially be compensated for some of its services, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of securities issued by or related to the Company. As a result, the Lead Investor's interests should always be aligned with those of Investors. It is, however, possible that in some limited circumstances the Lead Investor's interests could diverge from the interests of Investors, as discussed in section 8 above.

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

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

INVESTOR COMPLEX REQUISITION: (a) If information is presented to investors in a format, media or other means not valid to be reflected in or on periodic document format, the issuer should include:
(a) a description of the material content of such information;
(b) a description of the format in which such disclosure is presented; and
(c) in the case of disclosure in sales, sales or other dynamic media or format, a transcript or description of such disclosure.

# ONGOING REPORTING

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

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

33. Once posted, the annual report may be found on the issuer's website at:
http://www.mcartech.com/invest

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

1. the issuer is required to file reports under Exchange Act Sections 13(a) or 15(d);
2. the issuer has filed at least one annual report and has fewer than 300 holders of record;
3. the issuer has filed at least three annual reports and has total assets that do not exceed $10 million;
4. the issuer or another party purchases or repurchases all of the securities issued pursuant to Section 8(c)(6), including any payment in full of debt securities or any complete redemption of redeemable securities; or the issuer liquidates or dissolves in accordance with state law.

# APPENDICES

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement

SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Kanishka Aman Singh

Kumar R. Chatterjee

Om Mandhana

Steven Guzy

Thierry-Olivier Lefevre

Appendix E: Supporting Documents

ttw_communications_100153_225412.pdf

# Signatures

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

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement

SAFE (Simple Agreement for Future Equity)

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Kanishka Aman Singh

Kumar R. Chatterjee

Om Mandhana

Steven Guzy

Thierry-Olivier Lefevre

Appendix E: Supporting Documents

ttw_communications_100153_225412.pdf

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

MCARTech, Inc.

By

**Kumar R Chatterjee**

Founder/CEO

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

**Steven D Guzy**

Senior Advisor / Director

**Om P Mandhana**

CFO 2/8/2023

**Kanishka Aman Singh**

Vice President/COO

**Kumar R Chatterjee**

Founder/CEO

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

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

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

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

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

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

INVEST IN MCARTECH, INC.

Share

## Preventing costly industrial machinery failure with Asset Reliability solutions

LEAD INVESTOR

S

**Surendra Mishra**

MCARTech is a uniquely poised to succeed in the segment of reliability improvement. Mr. Chatterjee has devoted most of his career in improving the reliability of the system and accurately predicting failure before they occur. The beauty of MCARTech system is that the companies that implement ALERT system do not require to make huge investment. Existing infrastructure can be used to connect with ALERT system. All team members of MCARTech are highly motivated and have successfully implemented the system in many companies. I wish them all the success in there endavour.

Invested $10,000 this round

Learn about Lead Investors

mcartech.com Munster IN

Technology

B2B

SaaS

Infrastructure & Construction

OVERVIEW UPDATES WHAT PEOPLE SAY ASK A QUESTION

## Highlights

1. ☑ Contracts signed w/ 2 international manufacturing companies, several more in talks
2. 🔗 Successfully completed proof-of-concept w/ 3 clients
3. ⚙ Highly-specialized engineering team w/ 150+ years of combined experience
4. 🚶 Offer more effective, adaptable solutions at more affordable rates than all major competitors
5. 🛌 Industrial IoT market valued at $15.8B in '20 -- projected to be $24.4B by 202B; CAGR of 9.15%

## Our Team

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

**Kumar R Chatterjee** Founder/CEO

Engineer with 40 years of leadership experience in Asset Reliability Management Strategies. Previously at ArcelorMittal, Tata Steel, and Steel Authority of India Ltd.

MCARTech's team of seasoned industry professionals have witnessed the weaknesses in Asset Reliability first-hand over their own extensive careers in plant management and operations. Having dealt with the absence of effective tools to predict equipment failure, our team has pooled together decades of knowledge to develop a game-changing solution.

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

**Dr. Kanishka Aman Singh** Co-Founder/COO/Senior Systems Specialist

Engineer with experience in nuclear power station design and control systems of heavy electrical equipment. BTech/MTech from IIT Kanpur, PhD in Electrical Engineering from Iowa State University

State University.

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

### Thierry Olivier Lefevre Senior Technical Advisor

40+ yrs of leadership in cement plant operations and maintenance at various major international companies. Formerly operations management in France/Canada & performance management of multi-sites in Europe and Africa.

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

### Steve Guzy Senior Technical Advisor

40+ yrs of leadership in steel plant operations and maintenance. Formerly: GM of Primary Operations at Wheeling Pittsburgh Steel, Division Manager of Hot Rolling at US Steel Corp., Plant Manager at Titanium Metals Corp., VP of Operations at JSW Steel

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

### Kathleen Boyle Manager Admin and Accounting

7 years of experience in small business accounting, 16 years in teaching.

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

### Fernando Dominguez Lead Software Developer

6 years in software development. Experience in insurance sector as a Senior Developer, DB Administrator, and front-end designer. 3 years as an independent agent developing websites for various industries, such as sales and administration.

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

### Somnath Sen Director Technical and Field Operations

35 years of experience in Design, Development and Engineering of Industrial Control Systems. Previously at Steel Authority of India, Andrew Yule.

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

### Rohan Chatterjee Creative Director

7 years in film production. Writer, director, and editor with experience in independent & short films, commercials, and branded content. NYU Tisch Film grad.

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

### Om Mandhana CFO

Certified Public Accountant with decades of experience in procurement and supply chain, international business, M&A, manufacturing, cost reduction and sound financial management. Former VP of Procurement & Supply Chain at ArcelorMittal

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

**Kumar R Chatterjee** Founder/CEO

Engineer with 40 years of leadership experience in Asset Reliability Management Strategies. Previously at ArcelorMittal, Tata Steel, and Steel Authority of India Ltd.

## Maximize Reliability. Minimize cost.

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

Between unexpected downtime, compromised products, machinery replacement, and dangerous workplace conditions, equipment failure can come at immense cost.

We offer our clients **affordable & adaptable** industrial Asset Reliability solutions to prevent these failures. We ensure optimal performance from their machinery and plant operations with our real-time remote monitoring and predictive diagnostic system.

## About Us

MCARTech

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

MCARTech understands the serious consequences of machinery malfunction, and possesses the insight for offering the best solution.

**Our Objective - Overcoming longstanding weaknesses in Asset Reliability performance by providing knowledge-based, cause-and-effect driven solutions to the manufacturing and process industry for equipment failure prediction and guidance.**

©2017 - MCARTech Inc. All rights reserved

## Our Mission

MCARTech

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

Since 2018, our mission has been to become the life-cycle partner of the Reliability community worldwide.

©2017 - MCARTech Inc. All rights reserved

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

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

Technical discussions with one of MCARTech's clients in Canada.

## Weaknesses in Asset Reliability

MCARTech

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

## Consequences of Equipment Failures

MCARTech

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

- Health and Safety, including loss of human life.

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

- Serious violation of environmental safety norms.

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

- Serious damage to machinery causing long stoppages, leading to production loss.

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

- Significant quality deviations.

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

- Missed delivery dates and credibility.

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

- Potential cost impact of unexpected failures: 1-3% of Revenue.

# THE SOLUTION:

# ALERT

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

(Adaptable Leading-Edge Reliability Techniques)

A Cloud-based

Remote Monitoring and

Predictive Diagnostics

System

Developed by

MCARTe h

Machinery Cognition & Advanced

Reliability Technologies

# The Solution

MCARTe h

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

# The Solution Demands:

- Continuous real-time condition monitoring of Critical Assets.
- Recognition of performance degradation at an incipient stage.
- Predicting failures using real-time signals and algorithms (knowledge-based cause-and-effect relationships).
- Advance notification with guidance for safe, timely and accurate countermeasures.
- The Solution must be specifically suited for equipment installed in hard-to-access locations.

ALERT

does all of the above

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

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

COO Dr. Kanishka Aman Singh deploying ALERT inside a client's facility in the US.

## Market Analysis

MCARTe h

| Market Size | : USD 258.21 Billion |
| --- | --- |
| Revenue Forecast in 2027 | : USD 1,292.17 Billion |
| Growth Rate | : CAGR of 25.9% fro 2020 - 2027 |
| Base Year of Estimation | : 2019 |
| Historical Data | : 2016 - 2018 |
| Forecast Period | : 2020 - 2027 |
| Key Companies Profiled | : ABB Inc., Adobe, IBM, Oracle, Rockwell Automation, Siemens AG, WSP Global Inc., Zebra Technologies |

Allied Market Research 2018 Report

Allied Market Research 2016 Report

# Industrial Internet of Things Market Outlook - 2023

The IIoT market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR (Compound Annual Growth Rate) of 7.5% from 2017 to 2023. Advancement in technologies has helped key players to offer enhanced Industrial Internet of Things offerings to their end users. Integration of smart sensors into industrial machines encouraged the manufacturers to reduce the operational cost by 50% and is expected to decrease further during the forecast period.

Source: https://www.grandviewresearch.com/industry-analysis/asset-management-market

2017 - MCARTech Inc. All rights reserved

# The Best Competition

Rockwell Automation

ABB

IBM

ZEBRA

Brookfield

Honeywell

SIEMENS

WSP

ORACLE

https://www.grandviewresearch.com/industry-analysis/asset-management-market

# Why is MCARTech better positioned to win?

Industry 4.0 and the IIoT-based Asset Reliability market has motivated a numerous startups all around the world.

## Why MCARTech stands apart:

- Equipped with extensive field experience on Asset Reliability domain, we can quickly connect with the Reliability concerns of our potential clients. Unlike our competition, ALERT is capable of directly addressing our clients' specific problems.
- We believe and adopt the principles of Reliability Centered Maintenance (RCM) in our offered solutions. Conceptually ALERT adheres to the RCM norms to ensure a targeted, result-oriented and customized solution.
- RCM has helped the airlines industry to become "Reliable." ALERT is functionally equivalent to ACARS in the airlines industry. It is designed to help the manufacturing and process industry to transform their RCM strategies to world-class standards.
- Motor Current Signature Analysis (MCSA) is embedded in ALERT as a continuous condition monitoring tool. MCSA, a sophisticated signature analysis technology plays a prominent role in ALERT diagnostics. Our existing and potential clients are excited about it.
- ALERT is affordable, adaptable, and laser-focused on every plant's unique requirements.

MCARTech

Our Rationale

MCARTech

MCARTech has the Solution, Knowledge, and Expertise to take a significant share of the market.

MCARTech offers the best and most flexible solutions at an affordable price.

For small and medium size industries our competition is cost prohibitive and inflexible.

MCARTech has already been successful in attracting the attention of the industry.

At this moment of Industry 4.0 revolution, Industries are aspiring to improve operational excellence and they need help from a company like ours.

4/20/17 | MCARTech, Inc. All rights reserved

## Our Market Traction

### Ongoing Contracts

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

![img-28.jpeg](img-28.jpeg)

### Contracts Under Finalization

![img-29.jpeg](img-29.jpeg)

![img-30.jpeg](img-30.jpeg)

### Technical Discussions in Progress

![img-31.jpeg](img-31.jpeg)

![img-32.jpeg](img-32.jpeg)

### Initial Revenue-based POC & Field-Testing Clients

![img-33.jpeg](img-33.jpeg)

![img-34.jpeg](img-34.jpeg)

4/20/17 | MCARTech, Inc. All rights reserved

![img-35.jpeg](img-35.jpeg)

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

ALERT hardware installation inside one of our clients' facilities in India.

Industries to Benefit from ALERT

Cement Plants
Steel Plants
Fixed Assets in Mines & Quarries
Power Generation & Electrical Substations
Windmill Farms
Paper Mills

Food Packaging Units
Grain Elevators
Farming Equipment
Maritime Ships
Mobile Industrial Assets: Cranes, Trucks, Excavators, Etc.
Oil and Gas Plants

AND MANY MORE

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

*The exterior of one of our clients' facilities in Canada.*

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

Forward looking projections cannot be guaranteed.

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

Founder Kumar Chatterjee with the plant maintenance team of one of MCARTech's clients in Brazil.

Our Vision

Work with clients in the implementation of ALERT utilizing clients in-house expertise and knowledge

Continuously improve the efficacy of ALERT diagnostics to enhance the benefits

Provide lifecycle support for achieving and sustaining benefits

Invest in MCARTech!

# Join Our Campaign!

MCARTech
Machinery Cognition & Advanced
Reliability Technologies

www.mcartech.com

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

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

MCARTech, Inc.

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

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

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

The "Post-Money Valuation Cap" is $5,000,000

The "Discount Rate" is 100%

See Section 2 for certain additional defined terms.

# 1. Events

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

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

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

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

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

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

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

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

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

(iii) Senior to payments for Common Stock.

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

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

2. Definitions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

### 3. Company Representations

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

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

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

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

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

### 4. Investor Representations

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

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

### 5. Miscellaneous

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

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

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

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

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

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

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

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

*(Signature page follows)*

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

**COMPANY:**

MCARTech, Inc.

By: *Founder Signature*

Name:

Title:

**INVESTOR:**

[INVESTOR NAME]

By: *Investor Signature*

Name: [INVESTOR NAME]

Title:

☐ Accredited Investor
☐ Unaccredited Investor

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

By:

Name:

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

# Subscription Agreement

[INVESTMENT AMOUNT]

[INVESTMENT DATE]

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

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

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

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

# Subscription Agreement

# SCOPE OF AGREEMENT AND INVESTOR ELIGIBILITY
REPRESENTATIONS

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

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

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

INVESTOR'S REPRESENTATIONS AND COVENANTS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

# 6. Key Risk Factors

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

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

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

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

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

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

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

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

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

# 7. Compliance With Anti-Money Laundering Laws.

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

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

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

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

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

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

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

# 8. Regulatory Provisions

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

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

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

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

# 9. Miscellaneous Provisions

# 9.1. Indemnification

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

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

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

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

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

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

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

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

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

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

# 9.5. Confidentiality

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

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

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

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

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

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

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

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

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

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

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

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

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

SPV

MCARTech I, as series of Wefunder SPV, LLC

By: Wefunder Admin, LLC, its Manager

By: *Founder Signature*

Date:

Name: **Nicholas Tommarello**

Title: **Chief Executive Officer**

Investor

[INVESTOR NAME]

By: *Investor Signature*

Date:

CONTACT INFORMATION:

Name: **[INVESTOR NAME]**

Mailing Address:

City:

Country:

E-mail:

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

**Type of Security:** Future Equity

**Terms** $5M valuation cap

To view a copy of the contract, please see **Appendix B, Investor Contracts** of
the Form C. The latest Form C or C/A filing be found here:
https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-
TYPE%3DC%2FA+or+FORM-
TYPE%3DC%29+and+CIK%3D0001964416&first=2016

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

# **MCARTech, Inc.**
# **Review Report**

Period's Ending December 31, 2020 and December 31, 2021

**Prepared by:**
**Risetter & Associates LLC**

Certified Public Accountants
105 Lincolnway Suite 202
Valparaiso, Indiana 46383
Phone (219) 464-0678
www.ras-cpa.com

# MCARTech, Inc.

# Munster, IN

# TABLE OF CONTENTS

REVIEW REPORT 1

BALANCE SHEET - Current & prior year 2

INCOME STATEMENT - Current & prior year 3

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY 4

STATEMENT OF CASH FLOWS 5

NOTES TO THE FINANCIAL STATEMENTS 6 - 8

105 Lincolnway St Suite 202

Valparaiso, IN 46383

www.ras-cpa.com

Phone 219.464.0678

@RisetterCPA

Risetter

Risetter & Associates llc
Audit Tax Advisory

# INDEPENDENT ACCOUNTANT'S REVIEW REPORT

To the Shareholders of
MCARTech, Inc.
Munster, IN

We have reviewed the accompanying balance sheet of MCARTech, Inc. as of December 31, 2020 and December 31, 2021, and the related statements of income, changes in stockholders' equity, and cash flows for the period then ended. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of financial statements.

Our responsibility is to conduct the review in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. Those standards require us to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements. We believe that the results of our procedures provide a reasonable basis for our report.

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

Risetter & Associates LLC

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

Valparaiso, Indiana

Friday, January 06, 2023

105 Lincolnway St Suite 202

Valparaiso, IN 46383

www.ras-cpa.com

Page - 1

Phone 219.464.0678

@RisetterCPA

# MCARTech, Inc.

## BALANCE SHEET

Period Ending December 31, 2020 and 2021

ASSETS

|  | 12/31/21 | 12/31/20 |
| --- | --- | --- |
| CURRENT ASSETS |  |  |
| Cash | $251,026 | $157,802 |
| Accounts receivable, net of allowances | 7,910 | 233 |
| Other current assets |  | 14,023 |
| Total current assets | 258,936 | 172,058 |
| LONG-TERM ASSETS |  |  |
| Other long term assets | 1,853 | 1,853 |
| Total long-term assets | 1,853 | 1,853 |
| TOTAL ASSETS | $260,789 | $173,911 |

LIABILITIES & SHAREHOLDERS' EQUITY

| CURRENT LIABILITIES |  |  |
| --- | --- | --- |
| Short term debt | 206,694 | 5,936 |
| Accrued liabilities | 96,500 | 35,000 |
| Taxes payable |  | 1,149 |
| Deferred income/revenue | 18,000 |  |
| Due to related parties | 25,111 | 18,908 |
| Total current liabilities | 346,305 | 60,993 |
| LONG-TERM LIABILITIES |  |  |
| Total long-term liabilities | 0 | 0 |
| TOTAL LIABILITIES | 346,305 | 60,993 |
| SHAREHOLDERS' EQUITY |  |  |
| Retained earnings (deficit) - beginning | 112,918 | 241,868 |
| Net income (loss) | (198,434) | (128,950) |
| Retained earnings (deficit) - ending | (85,516) | 112,918 |
| TOTAL LIABILITIES & SHAREHOLDERS' EQUITY | $260,789 | $173,911 |

See Accountant's Review Report

Page - 2

# MCARTech, Inc.

## INCOME STATEMENT

Period Ending December 31, 2020 and 2021

|  | YTD 2021 | YTD 2020 |
| --- | --- | --- |
| REVENUE | 36,202 | 85,048 |
| COST OF GOODS SOLD |  |  |
| Cost of good sold | 15,919 | 337 |
| Total cost of goods sold | 15,919 | 337 |
| GROSS PROFIT | $20,283 | $84,711 |
| OPERATING EXPENSES |  |  |
| Employee benefits | 4,395 | 5,231 |
| Insurance | 4,787 |  |
| Office expenses | 3,113 | 42,951 |
| Professional fees | 9,327 | 8,115 |
| Salaries and wages | 106,000 | 96,000 |
| Sub-contracts | 92,341 | 22,437 |
| Supplies | 80 |  |
| Computer-related expenses | 2,203 | 2,614 |
| Travel expenses | 9,117 | 8,821 |
| Total operating expenses | 231,363 | 186,169 |
| NET INCOME | $(211,080) | $(101,458) |
| Revenue - other | 13,072 |  |
| Taxes | (426) | (27,492) |
| NET INCOME | $(198,434) | $(128,950) |

See Accountant's Review Report

Page - 3

# MCARTech, Inc.

## STATEMENT OF STOCKHOLDERS' EQUITY

Period Ending December 31, 2020 and 2021

|  | Common Stock | Preferred Stock | Additional Paid in Capital | Accumulated Deficit | Totals |
| --- | --- | --- | --- | --- | --- |
| January 01, 2020 | $1,000 | $ | $ | $240,868 | $241,868 |
| Net Loss |  |  |  | (128,950) | 128,950 |
| December 31, 2020 | $1,000 | $ | $ | $369,818 | $112,918 |
| Net Loss |  |  |  | (198,434) | 198,434 |
| December 31, 2021 | $1,000 | $ | $ | $568,252 | $(85,516) |

See Accountant's Review Report

Page - 4

# MCARTech, Inc.

## STATEMENT OF CASH FLOWS

Period Ending December 31, 2021 and 2023

|  | 12/31/2021 | 12/31/2020 |
| --- | --- | --- |
| Cash flows from operating activities |  |  |
| Deficiency of revenue over expenses | (198,434) | (128,950) |
| Increase in accounts receivable | (7,678) |  |
| Decrease in accounts receivable |  | 103,093 |
| Increase in Prepaid expenses |  | (14,676) |
| Decrease in Prepaid expenses | 14,023 |  |
| Decrease in accounts payable |  | (2,513) |
| Increase in deferred revenue | 18,000 |  |
| Decrease in accrued expenses | 61,500 | 35,000 |
| Decrease in taxes payable | (1,149) | (13,257) |
| Net cash provided (utilized) by operating activities | $(113,738) | $(21,303) |
| Cash flow from investing activities |  |  |
| Net cash provided (utilized) by investing activities | $0 | $0 |
| Cash flow from financing activities |  |  |
| Issuance of debt | 206,962 | 181 |
| Net cash provided (utilized) by financing activities | $206,962 | $181 |
| Net cash provided (utilized) | $93,224 | $(21,122) |
| Cash at beginning of year | 157,802 | 178,924 |
| Cash at end of period | $251,026 | $157,802 |

See Accountant's Review Report

Page - 5

# MCARTech, Inc.

# NOTES TO THE FINANCIAL STATEMENTS

Period Ending December 31, 2020 and 2021

# NOTE 1 NATURE OF ACTIVITIES

MCARTech Inc offers clients an affordable & adaptable industrial Asset Reliability Solutions to help prevent equipment failures with serious consequences. ALERT (Adaptable Leading-Edge Reliability Techniques) is a knowledge driven IIoT (Industrial Internet of Things) - based Remote Monitoring and Predictive Diagnostics application, developed by MCARTech, Inc. ALERT continuously monitors critical assets for any abnormal system behaviors and notifies plant personnel of predicted machine failures before they happen, along with safe and timely countermeasures. With ALERT, clients can bolster overall equipment effectiveness (OEE) by up to an estimated 5% per year, and reduce unplanned maintenance cost to under 10% of the overall maintenance cost.

# NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

# Accounts Receivable

Accounts receivable from contracts are based on contracted prices. The Company determines an allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information, and existing economic conditions. Normal accounts receivable are due 30 days following the issuance of an invoice. Receivables over 120 days that are determined uncollectible will be written off. Based on historical collections over the past year, the Company believes all accounts are fully collectible.

# Inventory

The Organization does not have any inventory as of 2020 & 2021, respectively.

# Depreciation

The Organization does not have any assets as of 2020 & 2021, respectively.

# Advertising

Advertising costs are expensed as incurred.

# Use of Estimates:

The preparation of the financial statements in conformity with generally accepted accounting principles 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. Estimates also affect the reported amounts of revenues and expenses during the reporting period. Areas where estimates are used in the accompanying financial statements include depreciation lives of fixed assets. Actual results could differ from those estimates.

See Accountant's Review Report

Page - 6

# MCARTech, Inc.

# NOTES TO THE FINANCIAL STATEMENTS

Period Ending December 31, 2020 and 2021

# Cash and Statement of Cash Flows:

Cash and cash equivalents include cash on hand, checking and savings and any certificates of deposits less than thirty (30) day maturity.

# Income Tax

The Company is a taxable Corporation under the Internal Revenue Code and files a 1120 Tax Return. Provision or liability for federal income taxes has been included in the financial statements.

The Company files income tax returns with the Internal Revenue Service and the Indiana Department of Revenue.

# Revenue Recognition

The Organization recognizes service contract revenue in the period earned.

# Operating Cycle

The length of the Company's service contracts vary, but the length is typically more than one year.

# NOTE 3 ACCOUNTS RECEIVABLE

The Organization maintains their accounts receivable and reduces these amounts through bad debt expense as required. No bad debt was expensed in 2020 or 2021.

# NOTE 4 ACCOUNTS PAYABLE & NOTES PAYABLE SHORT TERM

The Organization maintains their accounts payable with standard terms payable.

The Organization maintains their credit card balances and short term loans with standard terms payable.

# NOTE 5 FIXED ASSETS

The Organization does not have any fixed assets.

See Accountant's Review Report

Page - 7

# MCARTech, Inc.

# NOTES TO THE FINANCIAL STATEMENTS

Period Ending December 31, 2020 and 2021

# NOTE 6 NOTES PAYABLE & LONG TERM DEBT

The Organization does not have any long-term liabilities.

# NOTE 7 OTHER INCOME

The Organization received forgiveness of their PPP loan in 2021 in the amount of $14,058.44.

# NOTE 8 GOINING CONCERN

The accompanying balance sheet has been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The entity has realized losses the past two (2) years and may continue to generate losses. The Company's ability to continue as a going concern in the next twelve months following the date the financial statements were available to be issued is dependent upon its ability to produce revenues and/or obtain financing sufficient to meet current and future obligations and deploy such to produce profitable operating results. Management has evaluated these conditions and plans to generate revenues and raise capital as needed to satisfy its capital needs. No assurance can be given that the Company will be successful in these efforts. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities.

See Accountant's Review Report

Page - 8

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

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

# **Kanishka Aman Singh** 2018
Founding Member, Vice-President & COO

Dayton, Ohio, United States - Contact Info

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MCARTech, Inc.
Iowa State University

# **About**

I am a founding member, Vice-President & COO at MCARTech, Inc., a reliability company, specializing in equipment diagnostics and predicting equipment failure to improve operational reliability. I have worked in different Research, Design, and Engineering positions at various organizations worldwide. I graduated from Iowa State University with a Ph.D. in Electrical Engineering. My interests include renewable energy and non-conventional energy generation/harvesting, system and equipment reliability, control systems and power electronics.

# **Activity**

612 finishers

Kanishka Aman Singh commented on a post - 5d

Congratulations, Seugala! Interesting.

CEO 319

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Kanishka Aman Singh commented on a post - 2w

Congrats, Ankit.

CEO 339

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# **Experience**

# **Founding Member, Vice-President & COO**

MCARTech, Inc. - Full-time

Jun 2010 - Present - 4 yrs 3 mos

MCARTech, Inc. specializes in machine diagnostics and predicting equipment failure to help clients improve reliability and prevent unplanned stoppages. The solutions are customized for every ... see more

**Skills:** Cross-functional Team Leadership - Interpersonal Skills - Technical Presentations - Electric Motors - Design Failure Mode and Effect Analysis (DPMEA) - Technical Reviews - Power Systems - Po ... see more

# **Design Engineer - Nuclear**

NextEra Energy, Inc.

Feb 2016 - May 2018 - 2 yrs 4 mos

Seabrook, NH

As a Design Engineer in the Electrical/ABC group, I ensured that the design basis of the nuclear station is maintained. I worked on projects which helped maintain or improve reliability of operation. I w ... see more

**Skills:** Interpersonal Skills - Technical Presentations - Electric Motors - Technical Reviews - Power Systems - Power Generation - Microsoft Office - Problem Solving - Electrical Equipment - Tech ... see more

# **Iowa State University**

4 yrs 5 mos

Ames, IA, USA

# **Graduate Research Assistant**

Jun 2012 - Dec 2015 - 4 yrs

* Advisors: Prof. Ramesh Kumar (IEEE Fellow) and Emeritus Prof. Robert Weber (IEEE Fellow).
* Ph.D. research topic: Harvesting energy from ambient vibrations using photoelectric-based ... see more

**Skills:** Interpersonal Skills - Technical Presentations - Microsoft Office - Problem Solving - Electrical Equipment - Research and Development (R&D) - Product Development - Technical Understam ... see more

# **Graduate Teaching Assistant**

Aug 2011 - Dec 2011 - 5 mos

* Course: Introduction to Circuits, Instruments, AC-Circuits and Motors
* Responsibilities: Teaching/retracting students in lab, grading lab assignments, framework a ... see more

**Skills:** Interpersonal Skills - Technical Presentations - Microsoft Office - Problem Solving - Electrical Equipment - Technical Understanding - Communication

# **Summer Intern**

NextEra Energy, Inc.

Jun 2015 - Aug 2015 - 2 mos

Palo, IA

* As Design Engineer Intern at a Nuclear power plant, resolving design and engineering problems.
* Reviewing/verifying engineering and control documents, helping in conversion of plant database.

**Skills:** Interpersonal Skills - Technical Presentations - Technical Reviews - Power Systems - Power Generation - Microsoft Office - Problem Solving - Technical Understanding

# **Engineer**

Bharat Heavy Electricals Limited

Jul 2010 - Jul 2011 - 1 yr 1 mo

Electronics Division, Bangalore, India

Design Engineer, Hydro Controls, Electronic Division, Bharat Heavy Electricals Limited.

* Acquired experience of working at one of India's largest engineering and manufacturing co ... see more

Skills: Interpersonal Skills - Technical Presentations - Technical Reviews - Power Systems - Renewable Energy - Power Generation - Microsoft Office - Problem Solving - Electrical Equipment - Resia ... see more

Show all 7 experiences →

## Education

### Iowa State University

Ph.D., Electrical
2011 - 2015

Activities and societies: Mentor, Iowa State University Engineering Mentors Program.
Mentoring undergraduate students in academic and social life at ISU, with emphasis on differ ... see more

Graduate research under Prof. Ramesh Kumar (IEEE Fellow) and Emeritus Prof. Robert Weber (IEEE Fellow).

Skills: Interpersonal Skills - Microsoft Office

### Indian Institute of Technology, Kanpur

B.Tech.-M.Tech. Dual. Electrical/IIF & Microwaves
2009 - 2010

Activities and societies: Captain (2009) and member, Institute Football Team, 2005-2010.
Sports Secretary, Hall of Residence 2, 2006-2007. ... see more

Bachelor of Technology - Master of Technology in Electrical Engineering.
Master's Thesis: A Comparative Study on Some Commonly Used Active Inductor Configurals ... see more

Skills: Interpersonal Skills - Microsoft Office

## Licenses & certifications

### Duolingo Spanish Fluency: Intermediate (Estimated)

Duolingo
Issued May 2010

Show credential ↗

## Volunteering

### Volunteer

Minimum Wage Monitoring Committee, BT Kanpur, India
May 2008 - May 2010 - 4 yrs 1 mo

Human Rights

Help workers with mental wages in the campus receive fair pay and improved work conditions.

## Skills

### Matlab

Endorsed by Agnive Gosal and 1 other who is highly skilled at this

Endorsed by 6 colleagues at Iowa State University

13 endorsements

### Algorithms

Endorsed by Arko Mukherjee, PhD who is highly skilled at this

Endorsed by 5 colleagues at Iowa State University

8 endorsements

### Electronics

Endorsed by 2 colleagues at Iowa State University

4 endorsements

Show all 43 skills →

## Recommendations

Received: Given

### Nothing to see for now

Recommendations that Kanishka Aman receives will appear here.

## Publications

Remote Monitoring of Critical Systems in Overhead Cranes Using Wireless Data Telemetry
IEEE Midwest Industry Conference 2020 - Sep 30, 2020

Show publication ↗

In recent years, industry 4.0 and industrial internet of things have provided a strong enabling toolset to the reliability efforts of various industries. An important aspect in these efforts is the acquisition of newai ... see more

A Self-propelled Mechanism to Increase Range of Blstable Operation of a Piezoelectric Cantilever-based Vibration Energy Harvester.

IEEE Transactions on Ultrasonics, Ferroelectrics, and Frequency Control - Nov 1, 2018

Show publication ↗

In our previous works, we presented a method to increase the harvested energy from vibrations using a piezoelectric cantilever and to increase the frequency range of operation by introducing bistability wit ... see more

Other authors

A Broadband Blstable Piezoelectric Energy Harvester with Nonlinear High-Power Extraction

IEEE Transactions on Power Electronics - Dec 1, 2015

Show publication ID

This paper presents a nonlinear vibration energy harvester, which combines a nonlinear bistable broadband piezoelectric cantilever used to transduce ambient vibration energy, with synchronized capture for off ... see more

Other authors

Show all 5 publications →

## Patents

**Broad Spectrum and Wide Amplitude Range Vibration Energy Harvester: Bistable Piezoelectric Transduction, Synchronized Extraction, Self-Actuated Adaptation**

US 10,224,835 B1 - Issued Mar 5, 2019

See patent

The invention relates to a bistable piezoelectric cantilever-based vibration energy harvester that increases the energy harvested over a broad frequency of vibrations by introducing bistability to the cantilever thick ... see more

Other inventors

## Projects

**Piezoelectric-based Broadband Bistable Vibration Energy Harvester and SCE/SSHI-based High-Power Extraction**

Aug 2011 - Present

Associated with Iowa State University

* Developed improved and more accurate model for nonlinear bistable harvester using standard Butterworth van Dyke piezoelectric model. ... see more

**A Comparative Study on Some Commonly Used Active Inductor Configurations in 0.36- μm CMOS Technology with Improved Quality Factor**

Dec 2008 - May 2010

Associated with Indian Institute of Technology, Kanpur

* Compared four configurations, namely Active Inductors with Resistive Feedback, with Active Feedback, with Series Resistance Insensitive to Frequency, and Tunable Active Inductor, on the basis of factors such... see more

**Performance Evaluation of an Anechoic Chamber using Standing Wave Techniques**

Sep 2008 - Nov 2008

Associated with Indian Institute of Technology, Kanpur

* Employed voltage standing wave ratio (VSAVR) technique to measure level of reflected waves present in the 'quiet zone' of the chamber. ... see more

Show all 5 projects →

## Honors & awards

**Best Student Paper Finalist Award**

Issued by IEEE Systems, Man and Cybernetics Society - IEEE International Conference on Networking, Sensing and Control - Apr 2014

Associated with Iowa State University

Awarded for the paper titled 'Piezoelectric-based Broadband Bistable Vibration Energy Harvester and SCE/SSHI-based High-Power Extraction' at the 11th IEEE International Conference on Networking, Sensing and Control.

**Special Appreciation**

Issued by Games and Sports Council, Indian Institute of Technology, Kanpur, India - May 2010

Associated with Indian Institute of Technology, Kanpur

For contribution to Institute Football Team.

**Sports Scholarship**

Issued by Student Gymkhana, Indian Institute of Technology, Kanpur, India - Jan 2009

Associated with Indian Institute of Technology, Kanpur

For excellence in sports (Football).

Show all 5 honors & awards →

## Languages

**Bengali**

Native or bilingual proficiency

**English**

Native or bilingual proficiency

**Hindi**

Native or bilingual proficiency

Show all 4 languages →

## Organizations

**Iowa State University Engineering Mentors Program**

Volunteer - Aug 2014 - May 2015

Associated with Iowa State University

* Mentoring undergraduate students in academic and social life at ISU, with emphasis on different cultures.

# **Institute Soccer Team, Indian Institute of Technology, Kanpur, India**

Member (2005-2010), Captain (2009-2010) - Aug 2005 - May 2010

![document icon]() Associated with Indian Institute of Technology, Kanpur

* Captained team to first-ever Gold in an away tournament at MWT Sports Tournament, Jaipur; first-ever medal (Silver) in Kanpur Senior District Soccer League; Silver in Inter IIT Sports Week, 2009. ...see more

# **Minimum Wage Monitoring Committee**

Volunteer - Jan 2006 - Jan 2010

![document icon]() Associated with Indian Institute of Technology, Kanpur

* Helped workers with mental wages in the university campus receive fair pay and improved work conditions.

Show all 7 organizations →

# **Interests**

Companies Groups Schools

![NextEra Energy logo]() **NextEra Energy, Inc.** 14,630 followers

+ Follow

![Iowa State University logo]() **Iowa State University** 231,630 followers

+ Follow

Show all 9 companies →

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

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

**Kumar R. Chatterjee** - 2nd
Founder, President & CEO, MCARTech, Inc., USA, Founding Partner, Five Point Zero Consultants, LLP

Greater Chicago Area - Contact info

500+ connections

2 mutual connections: Katie Powers and Chai Mishra

Connect Message More

Five Point Zero Consulting, LLP

Jadavpur University

## About

MCARTech, Inc. - Our Convictions and Actions
www.mcartech.com

Sound equipment health is the foundation for Safety, Productivity, Quality and Cost - the basic ingredients for "Predictable and Reliable" business performance. In the real-world the possibility of an unexpected equipment failure is inevitable. An unexpected failure has the potential to seriously jeopardize Safety and the rest of the CEO's components. The ability to adequately predict an impending failure and respond appropriately to prevent or mitigate the adverse consequences often proves to be the gamechanger.

At MCARTech, Inc., our mission is to become the lifecycle partner of the Reliability community world-wide. We strive very hard to understand the critical Reliability pain points of our clients and their detrimental impact on people, machines, environment and cost. Accordingly, our focus is to help develop knowledge based failure mode models to detect potentially damaging anomalies for proactive countermeasures.

We custom-build predictive diagnostic algorithms (cause and effect relationships) and utilize our platform ALERT (Adaptable Leading-Base Reliability Techniques) to provide an intelligent, intuitive and interactive guidance for a safe, timely and correct response to a critical failure condition.

I will be happy to engage in discussing the applicability of ALERT and its practical significance in alleviating some of the pain points regularly felt by Asset Reliability Professionals. I can be contacted by phone or email as shown below.

Phone: +1 219 501 2887 (In WhatsApp)
Email: kumar.chatterjee@mcartech.com
kumar.chatterjee1477@gmail.com

## Featured

Post

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

INVEST IN THE FUTURE OF ASSET RELIABILITY

MCARTech

In 2016, I left my job of 35 years working as an engineer in the field of industrial equipment...

Invest in MCARTech, Inc.: Preventing costly industrial machinery failure with Asset...
info@acder.com - 1 min read

5 comments

## Activity

519 followers

Kumar R. hasn't posted lately

Kumar R.'s recent posts and comments will be displayed here.

Show all activity -4

## Experience

### Founding Partner

Five Point Zero Consulting, LLP
Aug 2020 - Present - 2 yrs 7 mos
Mumbai, India

### Founder

MCARTech, Inc. (Machinery Cognition & Advanced Reliability Technologies)
Sep 2016 - Present - 6 yrs 6 mos
Mumbai, India

### Director of Reliability - CTO Americas

Abolishkattal
1993 - 2016 - 23 yrs
Greater Chicago Area

Responsible for introducing, implementing and achieving best-in-class asset reliability goals. Clients included a wide spectrum of under and good performing plants. Appropriate and tailor-made ... see more

## Education

### Jadavpur University

Bachelor of Science, Bachelor of Technology, Physics, Electrical & Control systems
1973 - 1990

• Bachelor of Science in Physics and Bachelor of Technology in Electrical & Control systems from Jadavpur University, Calcutta, India ...see more

**Ashome Hill Management College and Brookfield Manor Management Training Institute, UK**
Operation and Maintenance Management

**Case Western Reserve University**
Advanced Multilevel Hierarchical Control Systems

## Skills

### Management

Endorsed by 8 colleagues at ArcelorMittal

5 endorsements

### Strategic Planning

3 endorsements

### Project Management

3 endorsements

Show all 16 skills →

## Recommendations

Received Given

### Nothing to see for now

Recommendations that Kumar R. receives will appear here.

## Languages

### Bengali

Native or bilingual proficiency

### English

Native or bilingual proficiency

### Hindi

Native or bilingual proficiency

Show all 4 languages →

## Interests

Top Voices Companies Groups Schools

**Bill Gates** 3rd
Co-chair, Bill & Melinda Gates Foundation
94,181,951 followers

+ Follow

**Richard Branson** 3rd
Founder at Virgin Group
19,774,184 followers

+ Follow

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

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

## Om Mandhana - 3rd

Procurement & Supply Chain | International | M&A - Due Diligence & Integration | Cost Reduction | CPA | CA

Greater Chicago Area - Contact Info

500+ connections

Message + Follow More

CPA, FCA, B. Com

### About

Passionate leader with a track record of superior performance resulting in progressively responsible leadership position. Proven results and vast experience in procurement and supply chain, International business, M&A, manufacturing, cost reduction and sound financial management. Recognized as problem solver, astute regulator and change agent.

Widely traveled and work experience includes Azerbaijan, China, Democratic Republic of the Congo, Germany, India, Indonesia, Kosovo, Macedonia, Norway, Sweden, Turkey, Zambia, and Zimbabwe

- Member of the American Institute of Certified Public Accountants
- Member of the Institute of Chartered Accountants of India

### Activity

RTI Bulbovers

#### Om hasn't posted lately

Om's recent posts and comments will be displayed here.

Show all activity →

### Experience

#### Vice President - Procurement & Supply Chain

Anode/Mitral

Jan 2007 - Jun 2010 - 6 yrs 6 mos
East Chicago, Ill, USA

Responsible for managing $7 Billion procurement and supply chain, captive two ore partnerships and $400 million sale of By-products for 15 million tons US steel making operations.

#### Advisor - M&A Business Development

Affeiom Management Limited

Sep 2001 - Jan 2007 - 5 yrs 5 mos
London, United Kingdom

Affeiom Management Limited of London, acquisition and management company for International Mineral Resources (IMR), having grown IMR's International business from scratch to $700 million. We ...see more

#### Vice President Procurement

Island Steel

1998 - 2001 - 3 yrs
East Chicago

Responsible for managing $1.5 billion purchasing functions for 5 Million ton steel plant.

#### CEO / Director General

Productora Mexicana de Tuberia

1998 - Less than a year
Lazaro Cardenas, Mich, Mexico

A large diameter line pipe mill manufacturing and supplying API grade sour gas duty pipes to Oil and Gas industry in Mexico, USA and the Caribbean.

#### CEO / Director General

Servicios Siderúrgicos Integrados

1994 - 1998 - 4 yrs
Lazaro Cardenas, Mich, Mexico

A services and supply company to steel mills operating largest port operations, large machine shops, electrical distribution, lime and oxygen gas plants.

Show all 6 experiences →

### Education

#### CPA, FCA, B. Com

2001 - 2002

Activities and societies: President's (Eagle) Scout, Troop Leader

#### Lodha & Company / Institute of Chartered Accountants of India

CA - Chartered Accountant, Finance, Accounting, Business Administration, Auditing, Taxation, Cost Analysis

1975 - 1981

Grade: Passed with top national ranking

#### University of Rajasthan / S S G Pareek College, Jaipur

B. Com / University of Rajasthan, Business/Commerce, General
1971 - 1975

Show all 4 education →

## Licenses & certifications

CPA

American Institute of Certified Public Accountants

FCA

Institute of Chartered Accountants of India

## Skills

### Procurement

Endorsed by Jean-Pierre Wilhelm and 1 other who is highly skilled at this

Endorsed by 6 colleagues at ArcelorMittal

12 endorsements

### Business Strategy

Endorsed by Jai Saraf who is highly skilled at this

Endorsed by 5 colleagues at ArcelorMittal

11 endorsements

### Continuous Improvement

Endorsed by Murali Collar, Ph.D., MBA who is highly skilled at this

5 endorsements

Show all 17 skills →

## Recommendations

Received Given

### Nothing to see for now

Recommendations that Om receives will appear here.

## Courses

CPA

## Languages

English

Hindi

Spanish

## Interests

Companies Groups Schools

Alvarez & Marsal

364,417 followers

+ Follow

Molox

377,437 followers

+ Follow

Show all 6 companies →

## Causes

Children • Economic Empowerment • Education • Health • Science and Technology • Social Services

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

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

**Steve Guzy** 3rd
JSW (USA)Retired

Greater Pittsburgh Region - Contact info
500+ connections

JSW Steel
PennWest California

Message + Follow More

**Activity**

1,500 followers

Steve Guzy commented on a post - 3ms

Congratulations Mary, wishing you continued success. Well deserved.

31

36 comments

Show all activity →

**Experience**

**JSW Steel**

4 yrs 9 mos
Mingo Junction, Ohio

**Vice President Operations**

Mar 2019 - Present - 4 yrs

**General Manager Operations**

Jun 2018 - Feb 2019 - 9 mos

**General Manager Operations**

Acme Junction Incorporated
2016 - May 2018 - 2 yrs 5 mos

**Plant Manager**

Stewango Incorporated, DTE Energy Services
Feb 2009 - Aug 2016 - 7 yrs 7 mos

**Division Manager Hot Rolling**

United States Steel Corporation
2006 - 2007 - 1 yr

**General Manager Primary Operations**

Wheeling Pittsburgh Steel
Jan 1978 - 2008 - 28 yrs 1 mo
Mingo Junction, Ohio

Show all 8 experiences →

**Education**

**PennWest California**
Industrial Management

**Cornell University**

Managing The Next Generation Of Manufacturing Technology

**University of Tennessee, Knoxville**
Executive Management

Show all 4 education →

**Skills**

**Process Improvement**

Endorsed by 9 colleagues at DTE Energy

33 endorsements

**Operations Management**

Endorsed by Michael Williams who is highly skilled at this

Endorsed by 2 colleagues at JSW Steel

38 endorsements

**Manufacturing**

Endorsed by John Vasich and 1 other who is highly skilled at this

Endorsed by 2 colleagues at JSW Steel

31 endorsements

Show all 50 skills →

## Organizations

Eastern States Blast Furnace and Coke Oven Association
Past President - Jan 1983 - Present

## Interests

Top Voices Companies Groups Schools

Kevin O'Leary 3rd
Chairman, O'Leary Ventures
2,790,317 followers

+ Follow

Mark Cuban 3rd
President
7,669,695 followers

+ Follow

Show all 3 Top Voices →

## Causes

Children • Education • Science and Technology

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

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

## Thierry-Olivier Lefevre - 3rd
Director Of Operations at McInnis Cement

Pérez, Occitanie, France - Contact info
495 corrections

McInnis Cement
Duke University

Message Follow More

### About

Pragmatic, enterprising mind and results oriented with a solid industrial experience acquired in offshore oil, chemicals, thermal processes, building materials and cement manufacturing in a constantly changing international context and for demanding markets. Built both plant management and industrial performance management know-how to conduct observations, analyses and mobilize energies for the implementation of action plans and the conduct of operations. Builds results by developing skills, process control, delegation and commitment of all team members to contribute and work together.

### Activity

497 followers

#### Thierry-Olivier hasn't posted lately

Thierry-Olivier's recent posts and comments will be displayed here.

Show all activity →

### Experience

#### Director Of Operations

McInnis Cement - Permanent
Sep 2017 - Present - 5 yrs 5 mos
Montreal, Quebec, Canada

Responsible for Manufacturing, Maintenance, and Process

#### LafargeHolcim

21 yrs 5 mos

#### Performance Mission Director - European area

Jan 2016 - Sep 2017 - 1 yr 9 mos
Lyon

Analyze and challenge safety, technical and financial performances,

... see more

#### Performance Mission Director - France, Algeria, Benin, Cameroon

Jan 2003 - Dec 2016 - 2 yrs 7 mos
Lyon Area, France

Analyze and challenge safety, technical and financial performances,

... see more

#### Relations Director - France

Sep 2006 - Mar 2013 - 4 yrs 9 mos
Lyon Area, France

Analyze and challenge safety, technical and financial performances,

... see more

Show all 6 experiences →

#### Plant Manager

Lafarge Refractories
Dec 1991 - Apr 1996 - 4 yrs 5 mos
Sète - France

Streamline the production processes based on two production lines composed of crusher, mills, screens, dryer, blenders and bagging machines,

... see more

#### Plant Manager

Spade-Lassatty
Aug 1988 - Dec 1991 - 3 yrs 5 mos
Chartres - France

Develop a safety approach for people with low technical skills working in mechanized environment,

... see more

#### Director Technical Services

Salaronics
Dec 1986 - Jul 1988 - 1 yr 5 mos
Lille Area, France

Manage department in charge of the design and sizing of heating systems,

... see more

Show all 13 experiences →

### Education

#### Duke University

Lafarge Leadership Management Program, Certificate, Leadership Management
1995 - 1995

**Mines Paris**
Master's Degree, Material behaviors & properties
1976 - 1977

**IAE Paris - Sorbonne Business School**
Associate's Degree, Business Administration from Institut Administration des Entreprises Paris
(Certificates in Commerce)
1977 - 1979

Show all 5 education →

**Skills**

**Manufacturing**

- Endorsed by John Kline and 1 other who is highly skilled at this
- Endorsed by 7 colleagues at Holcim
- 8 endorsements

**Operations Management**

- Endorsed by John Kline and 1 other who is highly skilled at this
- Endorsed by 6 colleagues at Holcim
- 8 endorsements

**Change Management**

- Endorsed by 3 colleagues at Holcim
- 5 endorsements

Show all 26 skills →

**Recommendations**

Received: Given

**Nothing to see for now**

Recommendations that Thierry-Olivier receives will appear here.

**Languages**

**English**

Professional working proficiency

**French**

Native or bilingual proficiency

**Interests**

Top Voices Companies Groups Schools

**Richard Branson** 3rd
Founder at Virgin Group
49,779,184 followers

+ Follow

**Jean Chatzky** 3rd
CEO and Co-Founder at HerMoney
271,290 followers

+ Follow

Show all 5 Top Voices →

**LinkedIn**

- About
- Community Guidelines
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- Manage your account and privacy
- Go to your Settings.

Select Language

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LinkedIn Corporation © 2023

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

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

**Kumar R. Chatterjee** • 1st

Founder, President & CEO, MCARTech, Inc., USA, Founding Partner, Fiv...

7mo • Edited •

...

In 2016, I left my job of 35 years working as an engineer in the field of industrial equipment reliability because I identified a major weakness in the manufacturing industry and realized that there was no effective solution available. Using the knowledge and experience I had accrued over those decades in plants and factories all over the world, I started my company **MCARTech, Inc.** Since then, we’ve assembled a highly-experienced team and created ALERT, a game-changing Remote Monitoring and Predictive Diagnostics solution which we believe can help the industry in significant ways.

Now, we’ve reached a new milestone in MCARTech’s history - we have launched our crowdfunding campaign. We are using the platform Wefunder to accelerate our growth and share the upside of our success with the people who continue to support our endeavors. We specifically chose Wefunder for our fundraising needs in order to ensure that our generous backers can make a financial return on investment and become actual stakeholders in MCARTech.

Please visit this link to view our campaign page: www.wefunder.com/mcartech.

If you are interested, please consider making a reservation as a potential investor. If you are unable to invest, please share our campaign or connect me with someone you know who may be interested.

If you want to talk more about this Wefunder investment opportunity, I am more than happy to discuss it with you.

Legal disclosure:

We are ‘testing the waters’ to gauge investor interest in an offering under Regulation Crowdfunding. No money or other consideration is being solicited. If sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and only through Wefunder’s platform. Any indication of interest involves no obligation or commitment of any kind.

Thank you for your consideration and support of **MCARTech, Inc.**

2/4/22, 4:36 PM

MCARTech, Inc., - Wefunder Campaign

# MCARTech, Inc., - Wefunder Campaign

KC Me <kumar.chatterjee@mcartech.com>
Fri, 04 Feb 2022 4:36:21 PM -0600

To "saikatdey" <saikat.dey@guardhat.com>

Cc "Rohan Chatterjee Chatterjee" <rohan.chatterjee@mcartech.com>

Tags

Dear Saikat,

I hope you are doing you well. I want to thank you for introducing MCARTech, Inc., to quite a few of your acquaintances to help our funding needs. We are already in conversation with one of them and expecting another one soon.

I'm writing to let you know about a milestone in MCARTech's history: We have officially launched our crowdfunding campaign as one of our fundraising approaches. As I have informed you earlier, we are using the platform Wefunder to accelerate our growth and share the upside of our success with people like you who know us best and have supported our endeavors from the very beginning. Therefore, I am inviting you to become an actual stakeholder in MCARTech, Inc.

Please visit this link to view our campaign page: www.wefunder.com/mcartech.

If you are interested, please consider making a reservation as a potential investor. Our raise is currently in "testing the waters" mode while we finalize our paperwork and SEC filings, so you would only be making a reservation - not actually investing yet. Once we file everything in the coming weeks, you'll be able to confirm your investment. Instead of other forms of crowdfunding in which contributors simply make a monetary donation, we chose Wefunder for our fundraising needs to ensure that our generous backers can make a financial return on investment.

As you can imagine, it is an exciting time in MCARTech's journey. Coming out of this difficult period that we have all endured together, we are more confident than ever about what lies ahead. We are primed and ready to power ahead with all cylinders firing. We are enthusiastic about this Wefunder round because it will allow friends and family like you to participate in this journey with us, and benefit from the successes on the horizon. This way, anyone can become an angel investor in our company.

Some necessary disclosures:

1. No money or other consideration is being solicited. If sent, it will not be accepted;
2. No offer to buy securities will be accepted and no part of the purchase price will be received until a Form C is filed and only through Wefunder's platform;
3. Any indication of interest involves no obligation or commitment of any kind.

Thank you again for your consideration and support of MCARTech, Inc. I hope to talk to you soon.

Best regards,

Kumar R. Chatterjee

MCARTech.

Marketing, Creative & Advertising
Technology Technologies

President & CEO

MCARTech, Inc.

www.mcartech.com

(+1) 219 501 2887

1/1

2/28/22, 3:55 PM

Wefunder Campaign

# Wefunder Campaign

KC Me <kumar.chatterjee@mcartech.com>
Mon, 28 Feb 2022 3:55:25 PM -0600

To "psvenkat" <psvenkat@yahoo.com>

Tags

Dear Venkat,

It was nice talking to you today, explaining our fund raising efforts.

You can access our Wefunder campaign by using the following link -

www.wefunder.com/mcartech

The Wefunder fund raising is a crowdfunding mechanism which allows friends and family and the general public to invest and be a part of the growth of the company. In addition to requesting you for considering investing, I will also appreciate your feedback on the quality of our campaign. If you find any area where we can improve, please let me know.

As per the underlying regulations, I am obligated to mention the following -

Necessary disclosures:

1. No money or other consideration is being solicited. If sent, it will not be accepted.
2. No offer to buy securities will be accepted and or part of the purchase price will be received until a Form C is filed and only through Wefunder's platform.
3. Any indication of interest involves no obligation or commitment of any kind.

Best regards,
Kumar

Kumar R. Chatterjee

MCARTech

Marketing, Corporate & Management
Technology Technologies

President & CEO

MCARTech, Inc.

www.mcartech.com

(+1) 219 501 2887

1/1

3/1/22, 12:18 PM

Wefunder Campaign

# Wefunder Campaign

KC Me <kumar.chatterjee@mcartech.com>
Tue, 01 Mar 2022 12:16:45 PM -0600
To "kesjay591216" <kesjay591216@gmail.com>
Tags

Dear Kesavan,

It was nice talking to you the other day, explaining our fund raising efforts.

You can access our Wefunder campaign by using the following link. The video pitch I mentioned n my text message to you is accessible through the link -

www.wefunder.com/mcartech

The Wefunder fund raising is a crowdfunding mechanism which allows friends and family and the general public to invest and be a part of the growth of the company. In addition to requesting you for considering investing, I will also appreciate your feedback on the quality of our campaign. If you find any area where we can improve, please let me know.

I want to inform you that the campaign is currently in the "reservation" mode. This means that whoever is interested in investing, can reserve their investment against a goal of $200K raise. Once the reservations hit a threshold of $50K, Wefunder will help us with the SEC filings. Once the filings are complete, Wefunder will inform the potential investors to transfer the funds if they still choose to invest. The contract will be as per the SEC regulated SAFE contract.

As per the underlying regulations, I am obligated to mention the following -

Necessary disclosures:

1. No money or other consideration is being solicited. If sent, it will not be accepted.
2. No offer to buy securities will be accepted and or part of the purchase price will be received until a Form C is filed and only through Wefunder's platform.
3. Any indication of interest involves no obligation or commitment of any kind.

Best regards,
Kumar

Kumar R. Chatterjee

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

President & CEO
MCARTech, Inc.
www.mcartech.com
(+1) 219 501 2887

1/1

2/22/2019

Re: Crossdfunding Initiative

# Re: Crossdfunding Initiative

Human Resources Administration

Human Resources Administration

Human Resources Administration

Page 1

# Justification

I am not aware you should be responsible as quickly as you are prepared to determine how many hours of work and training are on the work but the other job is done through the time you'll say.

I do not want to know. What was the 3 months of a 3-month study period in the week of the 3-month study and the 3-month study and the 3-month study. I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

The author is the author of the author, which is a general and important in the author's work. The author is a general and important in the author's work. The author is a general and important in the author's work.

A must about the record of the record. We are not to be a great deal, but it is not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal. We are not to be a great deal.

I have a very little to a great, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little, very little

2/22/2019

Re: Crossdfunding Initiative

# Re: Crossdfunding Initiative

Human Resources Administration

Human Resources Administration

Human Resources Administration

Page 2

# Justification

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

I am a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

The author is a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

2/22/2019

Re: Crossdfunding Initiative

# Re: Crossdfunding Initiative

Human Resources Administration

Human Resources Administration

Human Resources Administration

Page 3

# Justification

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

The author is a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

I have been a very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong, very strong

1

1

1

3/1/22, 12:38 PM

Re: Crowdfunding initiative

Best regards,
Kumar

Kumar R. Chatterjee

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

President & CEO
MCARTech, Inc.
www.mcartech.com
(+1) 219 501 2887

---

 On Mon, 14 Feb 2022 20:09:10 -0600 Fernando Martinez Garcia
<fmartinez@amiautomation.com> wrote ---

Kumar, it is great to hear from you.
That is a very interesting avenue you are pursuing.
I watch the video and it is great, with a very clear message and a pristine presentation.

I could not find, and maybe is because I am not familiar a with the platform, what do the investor gains and get in return with their contribution.?

Other than that, it is great

Congratulations

Look fwd ti your answer.

Sent from a mobil device,

Thanks, best regards

Fernando Martinez
AMI Automation

On Feb 14, 2022, at 18:08, Kumar Chatterjee <kumar.chatterjee@mcartech.com> wrote:

Dear Fernando,

Since you are a close family friend, who has helped me all along, I am writing this email to you at a personal level. This is almost like visualizing ourselves sitting for dinner and discussing a variety of things. We don't get to meet at all due to the pandemic and I miss it.

Sometime back I informed you via WhatsApp that I am approaching my fund raising initiative via a crowdfunding platform called "Wefunder". Wefunder is a SEC approved platform which I was introduced to by a very close acquaintance who is using Wefunder and successfully raised about $1.5m. Through his help and handholding, we explored the platform, talked to several resources in Wefunder and ultimately launched a campaign recently. The campaign is in "testing the waters" stage. Rohan is my help in setting it up with information about our company and a pitch video which was scripted by him and did the video shooting.

I would like you to take a look at www.wefunder.com/mcartech. Since I rely on your judgement, I would like you to review it and let me know your views. As I said, the campaign is in the stage of "reservations". It means that interested investors can put a reservation, but not actually invest at this stage. Once the reservations reaches $50K, we will be required to do the SEC filings. Only after we complete the SEC filings (which includes the SEC approved SAFE contract amongst other paperwork), the investors who did make reservations can actually invest their money.

2/3

2021-2022

Re-Confidential

In this paper I am sending the link to my own, relevant and clear friends and family to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you

I will look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you

Sincerely,

Karen

Karen R. Chatterjee
KARTHURJAMKUM JINHATTY

President & CEO

Chairman & CEO

JOHN J. KATZ

2021-2022

Re-Confidential

In this paper I am sending the link to my own, relevant and clear friends and family to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you

I will look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you

Sincerely,

Karen

Karen R. Chatterjee
KARTHURJAMKUM JINHATTY

President & CEO

Chairman & CEO

JOHN J. KATZ

2021-2022

Re-Confidential

In this paper I am sending the link to my own, relevant and clear friends and family to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you, and you should also call this link to help you

I will look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you, I look forward to hearing you

Sincerely,

Karen

Karen R. Chatterjee
KARTHURJAMKUM JINHATTY

President & CEO

Chairman & CEO

JOHN J. KATZ

21

22

23

## Can you vouch for John Doe?

John has applied to raise funding for Company Name on Wefunder and provided your name as a personal reference.

Quote goes here

Wefunder has raised hundreds of millions for startups that later went on to raise over $5 billion in follow-on funding from venture capitalists.

Can you vouch for John?

VOUCH FOR JOHN

LEARN MORE

### About Wefunder

We help anyone invest as little as $100 in the startups they believe in. We're also a Public Benefit Corporation with a mission to keep the American dream alive. We aim to help 20,000 founders get off the ground by 2029.

Unsubscribe | About | Education

Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Reg Crowdfunding offerings are made. Wefunder, Inc. operates sections of wefunder.com where some Reg A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.

Company Name is testing the waters to evaluate investor interest. No money or other consideration is being solicited; if sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and, then, only through Wefunder. Any indication of interest has no obligation or commitment of any kind.

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** MCARTech, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** IN

**Date of Organization:** 06-28-2017

**Physical Address:** 933 Boxwood Dr, Munster, IN, 46321

**Issuer Website:** http://www.mcartech.com

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

**Intermediary Name:** Wefunder Portal LLC

**Intermediary CIK:** 0001670254

**Intermediary File Number:** 007-00033

**Intermediary CRD Number:** 283503

### Offering Information

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

**Financial Interest in Issuer:** No

**Type of Security Offered:** Other

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

**Number of Securities Offered:** 100000

**Price per Security:** $1.00

**Method for Determining Price:** Pro-rated portion of the total principal value of $100,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

**Target Offering Amount:** $100,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

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

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

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

### Annual Report Disclosure Requirements

**Current Number of Employees:** 3

**Total Assets (Most Recent Fiscal Year):** $260,789.00

**Total Assets (Prior Fiscal Year):** $173,911.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $251,026.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $157,802.00

**Accounts Receivable (Most Recent Fiscal Year):** $7,910.00

**Accounts Receivable (Prior Fiscal Year):** $233.00

**Short-Term Debt (Most Recent Fiscal Year):** $346,305.00

**Short-Term Debt (Prior Fiscal Year):** $60,993.00

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

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

**Revenues/Sales (Most Recent Fiscal Year):** $36,202.00

**Revenues/Sales (Prior Fiscal Year):** $85,048.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $15,919.00

**Cost of Goods Sold (Prior Fiscal Year):** $337.00

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

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

**Net Income (Most Recent Fiscal Year):** $-198,434.00

**Net Income (Prior Fiscal Year):** $-128,950.00

**Jurisdictions Offered:**

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

### Signatures

**Issuer:** MCARTech, Inc.

**Signature:** Kumar R Chatterjee

**Title:** Founder/CEO

---

**Signature:** Steven D Guzy

**Title:** Senior Advisor / Director

**Date:** 02-08-2023

---

**Signature:** Om P Mandhana

**Title:** CFO

**Date:** 02-08-2023

---

**Signature:** Kanishka Aman Singh

**Title:** Vice President/COO

**Date:** 02-08-2023

---

**Signature:** Kumar R Chatterjee

**Title:** Founder/CEO

**Date:** 02-08-2023