# EDGAR Filing Document

**Accession Number:** 0001926899
**File Stem:** 0001665160-23-000432
**Filing Date:** 2023-3
**Character Count:** 61730
**Document Hash:** 70133884d850870efa5eac2c7cb5e759
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001665160-23-000432.hdr.sgml**: 20230317

**ACCESSION NUMBER**: 0001665160-23-000432

**CONFORMED SUBMISSION TYPE**: C/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230317

**DATE AS OF CHANGE**: 20230317

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Foresyte Inc
- **CENTRAL INDEX KEY:** 0001926899
- **IRS NUMBER:** 881525465
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** C/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31655
- **FILM NUMBER:** 23742359

**BUSINESS ADDRESS:**
- **STREET 1:** 3021 N. SOUTHPORT AVENUE
- **STREET 2:** UNIT 4A
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60657
- **BUSINESS PHONE:** 303-888-0698

**MAIL ADDRESS:**
- **STREET 1:** 3021 N SOUTHPORT AVENUE APT 4A
- **STREET 2:** UNIT 4A
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60657

### Attached PDF Documents

**Attachment 1:** `offeringmemoformc.pdf`

# Offering Memorandum: Part II of Offering Document (Exhibit A to Form C)

Foresyte, Inc

3021 N Southport Avenue Apt 4A

Chicago, IL 60657

http://foresyteapp.com

Up to $1,234,999.54 in Common Stock at $0.82

Minimum Target Amount: $9,999.90

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.

# Company:

Company: Foresyte, Inc

Address: 3021 N Southport Avenue Apt 4A, Chicago, IL 60657

State of Incorporation: IL

Date Incorporated: March 29, 2022

# Terms:

Equity

Offering Minimum: $9,999.90 | 12,195 shares of Common Stock

Offering Maximum: $1,234,999.54 | 1,506,097 shares of Common Stock

Type of Security Offered: Common Stock

Purchase Price of Security Offered: $0.82

Minimum Investment Amount (per investor): $198.44

# Perks

*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

# Time-Based:

Friends and Family Early Birds

Invest within the 72 hours and receive 15% bonus shares

Super Early Bird Bonus

Invest within the first week and receive 10% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive 5% bonus shares

***

# Amount-Based:

$1,000+ / Premier

Complimentary lifetime subscription to Foresyte

$2,500+ / Silver

2% bonus shares

Complimentary lifetime subscription to Foresyte

$5,000+ / Gold

5% bonus shares

Foresyte branded Nike hat

Complimentary lifetime subscription to Foresyte

$10,000+ / Platinum

10% bonus shares

Foresyte branded Nike hat

Complimentary lifetime subscription to Foresyte

$20,000+ / Diamond

15% bonus shares

Foresyte branded Nike hat

Complimentary lifetime subscription to Foresyte

### **The 10% StartEngine Owners' Bonus**

Foresyte, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.82 / share, you will receive 110 shares Common Stock, meaning you'll own 110 shares for $82. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner's Bonus and the Loyalty Bonus in addition to the aforementioned bonus.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.*

## **The Company and its Business**

### *Company Overview*

#### **Overview**

Where finance meets fun!

Foresyte is a one-stop-shop for planning and budgeting for the discretionary parts of life, providing users with three unique pillars of value:

1. Financial Planning
2. Social Calendar
3. Travel Planning

We believe Foresyte's cash flow budgeting framework is approachable and effective, helping users see how the plans they commit to today impact present and future finances (i.e. vacations, weddings, bachelor(ette) parties, festivals, concerts, game night, date night, golf outing... you name it).

The app's social calendar - which is powered by a cutting-edge contacts mapping infrastructure - offers an upgraded alternative to platforms like Facebook for planning social events with friends, while layering on financial insights that bring new context to the plans we commit to. We believe Foresyte makes it easier than ever before to stay aligned with friends on plans and (anticipated to launch this February) friends can bring the banter to social planning with Foresyte's chat functionality.

On December 2, 2022, Foresyte debuted its vertical search-based Travel Planner which empowers users to shop the true cost of traveling to any city around the world based on real-time insights provided by other travelers (think of Waze, but for travel), see how those travel plans impact finances in real-time before anything has been booked, and eventually ("speculative") even book the best deals on flights, hotels, transit, and tourism all from within the app. Friends can also collaborate on trip planning through Foresyte's sleek Itinerary Builder feature, which alleviates one of the biggest pain points experienced when traveling with groups.

The Foresyte app launched on July 18, 2022 and is available on the iOS App Store.

**Website:** https://www.foresyteapp.com/

**App Store Page:** https://apps.apple.com/us/app/foresyte-lifestyle-planning/id1627660146

#### **Revenue Model**

Foresyte is a subscription-based app that offers a 30-day free trial prior to enrolling users in the $4.99 monthly subscription cycle. Foresyte's consumer-direct channels consist of an in-house TikTok influencer, paid and organic socials, nightlife venue relationships, and an incentivized referral program ($10 Visa e-card for each friend you refer to subscribe)

Foresyte is currently trending at roughly 500 installs per week, among whom 46.5% convert into users and 31% of users convert into subscribers. The company expects its 81% MoM revenue growth to accelerate in the coming months as a result of these encouraging trends.

We believe that Foresyte is already proving out the market for its paid offering, while simultaneously laying the groundwork for an anticipated backdoor freemium pivot in Q1 of '23, with the objective being to accelerate its social calendar flywheel, which fuels the advanced feature sets. We anticipate that this model will further stimulate top-of-funnel growth by providing free access to core features, while enticing freemium users to upgrade to the paid version in order to access the advanced, gated features. We believe this pivot will fuel a powerful network effect that makes the product compoundingly sticky, since the collaborative planning features instill a social pressure of 'if you're not in, you're out' within the context of making plans with friends.

We also plan on introducing additional revenue channels in Q1 of 2023, such as interstitial display ads, commissions generated by integrating third-party booking syndicates (i.e. Expedia - 'speculative'), and expedited withdrawal fees collected by way of the in-app cash exchange infrastructure which we anticipate to debut in Y2 (i.e. think Splitwise, but for group travel, entertainment, dining, or other social occasions).

## Market Validation

A national survey conducted by Anthology Research Firm found that over 66.9% of 18 - 34 year-old Americans are currently unserved with budgeting, among whom 86.4% responded with interest when presented with Foresyte in the same survey (focus group sentiment validated this market gap further). Foresyte has signaled its path toward market disruption through its strong early traction, garnering over 7,400 installs, 3,448 active users, and 105% MoM growth during its brief 130 days in the market.

## In-House Influencer

Technical operations manager at Walmart Connect by day, and TikTok influencer with a 690K+ follower reach by night, Ken has accelerated Foresyte's growth on the social media giant while garnering a highly engaged following in the process. Through his compelling content and storytelling capabilities, Ken has played a crucial role in optimizing Foresyte's user acquisition cost (trending < $3.50 per install) while simultaneously laying the groundwork for Foresyte's long-term organic growth strategy on the platform (i.e. snowball effect).

## Agency Relationship

Family owned and operated by Foresyte's lead investor, Heinrich Marketing is the company's established marketing agency. Heinrich has been around for 45 years with 85+ employees, serving several Fortune 500 clients and helping produce a lot of winners, including FinTech success story, Prosper. They've provided and continue to provide Foresyte with top-notch services at no cost, including (but not limited to):

3. Website Re-design (in progress)

## Team

LGBT led, Foresyte has a diverse and talented team of eight contributors who are on a collective mission to reshape the way we make plans in life.

Stephen Eddy - *Founder, CEO*

Prior to Foresyte, Stephen spent 3.5 years at G2 as a technical project and product manager. During his time there, he led several big ticket initiatives and owned the product lifecycle of two core G2 assets which were scaled to prominence under his lead:

MyG2 Campaign Dashboard - Ideated & launched this G2 equivalent to Google Ads, producing over $1M in campaign spend in the first six months alone.

G2 Data Cloud - Governed G2's cavernous data infrastructure, spanning nearly a dozen siloed data sources and hundreds of millions of records. Led a team of 7 data engineers to automate processes and deliver solutions to market which directly influenced over $2M in annual recurring revenue during his time leading the team.

Dylan Thomas - *Co-Founder, Engineering*

Formerly a DevOps quality engineer at Xactly corp, Dylan brings extensive experience as a full stack engineer with great knowledge of backend data infrastructure and a keen eye for quality assurance.

Dani Hristeva - *Co-Founder, UX & Design*

With a background in graphic design and user lifecycle at G2, Dani has sculpted Foresyte's sharp product design from the ground-up and continuously explores new ways to enhance the user experience.

Ken Waks - *TikTok Strategy*

Technical operations manager at Walmart Connect by day, and TikTok influencer with over 690K+ followers* reach by night, Ken has accelerated Foresyte's growth on the social media giant while garnering a highly engaged following in the process.

Tarun Sahu - *Senior Engineer*

With over 7 years of experience working in the Swift / iOS environment, Tarun is a full-stack engineer who brings a wealth of knowledge to the product team and is responsible for developing many of the core features seen on Foresyte today.

Kevin Corboy - *Junior Engineer*

Self-taught and passionate about this work, Kevin is a talented UI developer who works closely with the design team to optimize and refine the visual aesthetic of Foresyte.

Grace Saldana - *Social Strategy*

Grace is an experienced media professional with over 27K followers* on Instagram and an eye for organic social growth.

Elena Eddy - *Community Engagement Specialist*

Elena brings a wealth of experience in community management, helping Foresyte build its organic social reach and drive down its user acquisition cost on TikTok and Instagram.

*The number of Ken Waks and Grace Saldana’s followers is accurate as of January 20, 2023.

*Competitors and Industry*

## Overview

Foresyte is intersecting the three distinct categories of financial planning, social calendar, and travel planning into a resegmented space, and we have yet to come across any direct competitors for comparison. With that, here are the closest comparable products within each respective category in which the company operates:

Personal Finance: Mint, YNAB, Goodbudget

Social FinTech: SplitWise, Venmo

Social Calendar: Facebook, Google Calendar

Trip Planning: TripIt

We believe no product has ever attempted to bundle these lifestyle planning essentials into one central platform, until now. Foresyte’s patent pending solution brings much needed clarity to planning the fun parts of life.

## The Genesis (*Founder story*)

It all started eighteen months ago after returning home from taking my third straight trip in as many weekends, burnt out and bickering with my then boyfriend, now fiancé, over trivial things. As someone who likes to partake in frequent travel and higher-cost entertainment (i.e. trips, concerts, festivals, sporting events, etc.), I’ve always wondered why there isn’t a better way to manage our discretionary activities in life and see how the plans we commit to impact our finances and free time. Simple law of diminishing returns: fun things just aren’t fun anymore when we overspend and overexert from blatant planning catastrophes like that.

Ever since that day, my entire purpose in life has shifted to solving this problem that I believe much of the world faces. To help the world understand how discretionary planning and personal finance coexist, while building a one-stop platform that finally brings clarity to the fun parts of life.

## Market Fit

Consumer technology is an infamously challenging industry to penetrate as a new brand. Launching this bold product as first-time entrepreneurs with limited resources during a down economy has been greeted with no shortage of challenges and skepticism, yet Foresyte’s talented team has found a way to overcome this ‘it can’t be done’ presumption by moving quickly and delivering a great product to market that has quickly gained traction as its 105% MoM growth rate would indicate.

Many young companies tirelessly chase “product market fit” for years without ever truly finding a home within their respective product category. Yet, at less than a year old, Foresyte is paving the way in an untapped product category that is ripe with opportunity. A product category - coined as lifestyle planning by the company - intended on comprising future revenue streams that span far beyond the bounds of a conventional subscription model and the status quo.

We believe Foresyte is primed to reshape the landscape of how people plan and budget for the things they love to do in life. The founders have a strong conviction that their platform solution has the potential to become an extremely successful household name and they won’t rest until they see this vision through.

## Bottom-Up TAM Analysis

### Insights

Total target customers in the U.S. = 80M

Total addressable customers:

U.S. = 17.2M

Global = 123M

Total combined U.S. & Global available revenue by 2026 = ~$9.29B

## Assumptions

Primary (23-35) addressable customers include only those making above $50K in gross annual income

U.S. population growth rate (0.3%) and $50K+ earner growth rate (3.0%) based on U.S. Census Bureau forecasts

Source: https://www.macrotrends.net/countries/USA/united-states/population-growth-rate#:~:text=The%20population%20of%20U.S.%20in,a%200.49%25%20increase%20from%202019.

# Source:

https://ycharts.com/indicators/us_inflation_rate#:~:text=US%20Inflation%20Rate%20is%20at,long%20term%20average%20of%203.27%.

## TAM Sensitivity Analysis

Based on our sensitivity analysis, Foresyte anticipates hitting a $100M revenue run rate with just 10% market penetration in the U.S. (1.6M customers).

At 20% market penetration, we project the following revenue run rate by year 5:

U.S. = $287.6M

Global = $1.86B

## Patent Pending

Foresyte holds a provisional patent on four unique technologies:

1. Crowdsourced discretionary spend data to inform the cost of travel to any city
2. Event-based budgeting to proactively guide planning decisions
3. User inputted data to benchmark monthly cash flow and available free time
4. Dynamic calendar heatmap powered by the 'exertion algorithm'

## Revenue Trends

After Foresyte's first few weeks in the market, the company made the strategic decision to temporarily lift its subscription requirement for two months to help accelerate early growth and product feedback loops. Since reinstating the subscription model in early November 2022, the company has seen an 81% uptick in monthly revenues alongside a 31% conversion rate on new users activating the subscription trial. The company expects to see accelerated growth in revenues over the coming months as a result of these encouraging trends

Current Stage and Roadmap

## Overview

"Helping the world understand how discretionary planning and personal finance coexist, while providing a platform that brings clarity to the fun parts of life."

A national survey conducted by Anthology Research Firm found that over 66.9% of 18 - 34 year-old Americans are currently unserved with budgeting, among whom 86.4% responded with interest when presented with Foresyte in the same survey (focus group sentiment validated this market gap further). Traveling on average 35 days per year* with 72.7% higher annual vacation spend* than the average Boomer - while carrying a staggering $117K in average total debt* - this crossover generation tends to neglect living within their means.

Source: https://drive.google.com/file/d/1HrY4VegFubplWhJ_B_71jeIXJiKSbhlk/view?usp=sharing

Source: https://rezdy.com/blog/millennials-depth-look-travel-segment-infographic/

Source: https://www.bhtp.com/blog/millennial-travel

Source: https://www.gobankingrates.com/net-worth/debt/the-average-millennial-now-has-more-than-100k-in-debt/

*Note: 'average total debt' comprises credit card debt, student loans, personal loans, medical debt, auto loans, and mortgages.

Foresyte is on a mission to serve this badly underserved demographic by revolutionizing the way young professionals make plans in their busy lives. Intersecting three distinct product categories (financial planning, social calendar, travel planning) into an untouched, re-segmented space, the company believes that it is effectively sidestepping the existing markets of FinTech & Social incumbents by way of a highly differentiated product which is quickly breaking down the barrier for that unserved 66.9%.

The team at Foresyte has found a way to deliver a great product to market, progress swiftly through feedback loops, and captivate early adopters all on a shoestring budget. With strong early traction (105% MoM Growth), Foresyte has its eyes set on establishing itself as the uncontested leader in this novel product category beaming with unicorn potential.

## Product Description

Foresyte is an emerging 'Social FinTech' app reshaping the way young professionals plan and budget for their busy lives on the go. The product has grown rapidly and captivated early adopters since entering the market in late July of 2022 (growth measures above).

Foresyte is already making waves by successfully proving out the market for its paid offering, while simultaneously laying the groundwork for its anticipated backdoor freemium pivot in Y2, with the objective being to accelerate its social calendar flywheel which fuels the advanced feature sets. We believe this model will further stimulate top-of-funnel growth by providing free access to core features, while enticing free users to upgrade to the paid version in order to access the advanced, gated features. In our opinion, this could fuel a powerful network effect that makes the product compoundingly sticky, since the social calendar features instill a social pressure of "if you're not in, you're out" within the context of making plans with friends.

Additionally, we intend to introduce revenue channels this year, such as interstitial display ads, third-party booking syndicate commissions (i.e. Expedia - "speculative"), and expedited withdrawal fees generated by in-app cash exchange infrastructure which Foresyte plans to debut in 2023 (i.e. think Splitwise, but for group travel, entertainment, dining or other social occasions).

## Top 3 Exciting Trends

### 1) Traction

Foresyte's consumer-direct channels consist of an in-house TikTok influencer, organic socials, nightlife venue partnerships, and an incentivized referral program. This diversified, yet focussed distribution strategy has yielded strong early traction:

7,400 installs

3,448 active users

1,340 MAU (monthly active users)

105% MoM growth

500+ Weekly Installs

4.7-Star App Store Rating

### 2) Media Coverage

Foresyte has recently been featured on several prominent publications:

**Product Hunt (220 upvotes)** - https://www.producthunt.com/products/foresyte#foresyte

**Go Solo** - https://gosolo.subkit.com/foresyte/

**Tech Times** - https://www.techtimes.com/articles/283150/20221109/new-social-fintech-app-foresyte-brings-clarity-to-the-fun-parts-of-life.htm

**NY Weekly** - https://nyweekly.com/tech/foresyte-paving-the-way-for-social-fintech/

**LA Weekly** - https://www.laweekly.com/foresyte-aims-to-reshape-how-we-plan-our-lives/

**The UBI** - https://theubi.com/featured/106356/foresyte-bridges-gap-between-personal-finance-discretionary-planning-catching-the-eye-of-young-professionals/

**VC Post** - https://www.vcpost.com/articles/123943/20221109/how-foresyte-is-helping-people-manage-their-finances-free-time.htm

### 3) Travel Planner

On December 2, 2022, Foresyte unveiled its highly anticipated Travel Planner feature, which empowers users to shop the true cost of traveling to any city around the world based on crowdsourced insights from fellow travelers. Finding that hidden gem that falls within your budget has never been easier. Friends can also collaborate on trip planning with Foresyte's sleek Itinerary Builder, alleviating one of the biggest pain points experienced when traveling with groups.

Foresyte plans to roll out real-time price comparisons on flights, hotels, transit, and tourism via third-party booking APIs in Q1. With this update, we anticipate that users will eventually even be able to book the best deals on flights, hotels, transit, and tourism all from within the app.

## User Acquisition

The company has also established a strong foothold within its organic distribution channels, most notably on TikTok wherein content viewership for each Foresyte post has climbed into the hundreds of thousands. Foresyte is currently trending over 370 weekly installs from TikTok alone; and the best is yet to come from this dark horse, high-ceiling growth channel which has a well known tendency to produce a 'snowball effect' with time.

## App Store Reviews

'Helps me keep track of my finances while also allowing me to budget for future events that I can plan inside the app with friends. Appreciate the event sharing option so you can full on budget / plan social events simultaneously. Giving me a lot of insight as to where my money is going each month. Spiffy app!'

-Bee6267

'I have been needing some way to plan for all my trips coming up and I'm so excited to have found this app'

- emm18163674

'A great tool to be able to maximize the bang for your buck. It solves a key challenge for planning with groups to quickly evaluate if you can swing an upcoming trip or event. They did a good job laying out macro-finances with enough granularity to make the figures impactful.'

- Erik. S

'This little app helps me keep my life organized when it comes to my financial stuff because Lord knows financial stuff is not my strong suit. Tested this out when I went to Miami. Last time I went to Miami it was almost twice as expensive as everything I did got lost in translation -'

- andy mas

'I just wish we had been able to use an app like this when we were younger and were wanting to grab all that life had to give but needed to be a little more thoughtful about the timing of things for our end-of-the-month reality check.'

- beenthere13

'I tend to overbook myself with friends, travel, and whatnot and this app has helped me out a lot. Takes a little effort to set up your account, but the combination of calendar and cash flow is unique. Can't say I've come across a product like it before -'

- s. smith 95

'Very user friendly and visually appealing. It helped me organize my budget (specially for while traveling & work). Really made it easy to plan out and stay within my yearly budget.'

- sydthekid157

## Summary

Foresyte has found a way to deliver a great product, progress swiftly through feedback loops, and quickly penetrate an underserved market on a shoestring budget. With strong early traction and 86.4% of 18 - 34 year-old Americans having responded with interest when presented with the product in a national survey, Founder & CEO, Stephen Eddy, has a strong conviction that Foresyte is primed to reshape the world of personal finance and discretionary planning. The whole team at Foresyte has unwavering confidence that their platform will continue to establish itself as an uncontested market leader in this novel 'lifestyle planning' product category, which we believe is ripe with unicorn potential, as shown by the ~$9.29B* total addressable market, and we won't rest until we see this vision through.

*Global TAM represents year 2026*

## The Team

### Officers and Directors

**Name:** Stephen Eddy

Stephen Eddy's current primary role is with the Issuer.

Positions and offices currently held with the issuer:

- **Position:** Founder, CEO

**Dates of Service:** March, 2022 - Present

**Responsibilities:** Leadership, product strategy, distribution strategy, business oversight, investor relations, admin duties (while Foresyte was legally formed in March of 2022, Stephen has been working on Foresyte since November of 2021) - 45.91% equity; no current salary (though he will earn $75K annually post-money)

Other business experience in the past three years:

- Employer: G2.com
Title: Senior Project Manager
Dates of Service: February, 2021 - April, 2022
Responsibilities: Leadership, technical project management, technical product management, data cloud governance

Other business experience in the past three years:

- Employer: G2.com
Title: Project Manager
Dates of Service: February, 2020 - February, 2021
Responsibilities: Leadership, technical project management, technical product management, data cloud governance

Name: Dylan Thomas

Dylan Thomas's current primary role is with the Issuer.

Positions and offices currently held with the issuer:

- Position: Co-Founder, VP of Engineering
Dates of Service: March, 2022 - Present
Responsibilities: Eng team leadership, software development, integrations, product quality, codebase governance, data infrastructure governance (while Foresyte was legally formed in March of 2022, Dylan has been working on Foresyte since February of 2022) - 15.91% equity; $40,000 annual salary (though he will earn $75K annually post-money)

Other business experience in the past three years:

- Employer: Xactly Corp
Title: DevOps Quality Engineer
Dates of Service: May, 2021 - May, 2022
Responsibilities: Quality assurance, software development, codebase governance, data infrastructure governance

Other business experience in the past three years:

- Employer: Xactly Corp
Title: Associate Software Quality Engineer
Dates of Service: November, 2019 - May, 2021
Responsibilities: Quality assurance, software development, codebase governance, data infrastructure governance

Name: Ken Waks

Ken Waks's current primary role is with Walmart Connect. Ken Waks currently services 40 hrs a Week hours per week in their role with the Issuer.

Positions and offices currently held with the issuer:

- Position: Co-Founder, CMO
Dates of Service: March, 2023 - Present
Responsibilities: Ken oversees Foresyte's PR and distribution strategy end-to-end. Between his two tenures at Google and Walmart Connect, he brings a deep knowledge of B2C distribution, in addition, to a 700K follower reach as a prominent TikTok influencer, which has been a key driver behind Foresyte's organic growth. Under his lead, Foresyte has driven its cost per install all the way down to $2.47 while sustaining 600+ new installs per week.

Other business experience in the past three years:

- Employer: Walmart Connect
Title: Technical Operations Manager
Dates of Service: October, 2022 - Present
Responsibilities: By day and by trade I work as a Technical Manager at Walmart Connect where I've been for 3 & a half years. WMC is the advertising arm of the Fortune #1 company. • I work directly with our largest suppliers & their engineering teams to enable them to integrate into our advertising UI using API endpoints. • I've held titles of Operations Analyst, Chief Fun Officer, Support Team Lead, Associate Technical Manager, and now Technical Manager. • The primary value I provide to WMC is my advanced knowledge of Walmart's many systems and my skill of triaging complex issues, serving as subject matter expert to many cross-functional teams and stakeholders both inside and outside of the company.

Other business experience in the past three years:

• Employer: Walmart Connect
Title: Associate Technical Manager
Dates of Service: September, 2021 - October, 2022
Responsibilities: Oversees the development, implementation and maintenance of technological company systems and processes

Other business experience in the past three years:

• Employer: Walmart Connect
Title: Support Team Lead, RevOps
Dates of Service: September, 2019 - September, 2021
Responsibilities: Led Walmart advertising self-serve support team. Established CSAT & NPS Scores. Reduced new agent onboarding time by 75%.

Name: Robinick Fernandez

Robinick Fernandez's current primary role is with the Issuer.

Positions and offices currently held with the issuer:

• Position: Director, UX & Design
Dates of Service: March, 2023 - Present
Responsibilities: Robinick has over 10 years of experience in digital design and is the latest member of Foresyte's co-founding team. Through his keen eye for product design, he has brought new life to Foresyte's product vision and is a key driver behind the company's ambitious plans for travel. Robinick conducts user research, ideates user flows and wireframes, designs intuitive interfaces, and oversees the development of the app's visual design.

Other business experience in the past three years:

• Employer: Seattle Magazine
Title: Creative Consultant
Dates of Service: November, 2021 - March, 2023
Responsibilities: I led the redesign of the publication's visual identity and rebrand. I worked closely with editorial and advertising to create a fresh and modern layout, logo, and website that reflected the unique culture and spirit of Seattle. In addition to overseeing the magazine's rebrand, I developed a new media kit and assisted advertisers in updating their ads to fit our new look. Through my leadership and keen eye for design, I helped elevate Seattle Magazine to deliver a memorable experience for legacy subscribers and welcome new readers.

Other business experience in the past three years:

• Employer: Glamhive
Title: Creative Consultant
Dates of Service: June, 2011 - November, 2023
Responsibilities: I shaped the company's identity and customer engagement through branding and UX design. I worked with the marketing and product teams to define audiences, brand positioning, and campaigns. Brand guidelines and user interviews helped me improve our styling platform.

# Risk Factors

The SEC requires the company to identify risks that are specific to its business and its financial condition. The company is still subject to all the same risks that all companies in its business, and all companies in the economy, are exposed to. These include risks relating to economic downturns, political and economic events and technological developments (such as hacking and the ability to prevent hacking). Additionally, early-stage companies are inherently more risky than more developed companies. You should consider general risks as well as specific risks when deciding whether to invest.

These are the risks that relate to the Company:

# Uncertain Risk

An investment in the Company (also referred to as "we", "us", "our", or "Company") involves a high degree of risk and should only be considered by those who can afford the loss of their entire investment. Furthermore, the purchase of any of the Foresyte common stock should only be undertaken by persons whose financial resources are sufficient to enable them to indefinitely retain an illiquid investment. Each investor in the Company should consider all of the information provided to such potential investor regarding the Company as well as the following risk factors, in addition to the other information listed in the Company's Form C. The following risk factors are not intended, and shall not be deemed to be, a complete description of the commercial and other risks inherent in the investment in the Company.

# Our business projections are only projections

# **FORESYTE INC.**

# **STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

| As of inception (March 29, 2022) | October 31, 2022 |
| --- | --- |
| (USD $ in Dollars) |  |
| CASH FLOW FROM OPERATING ACTIVITIES |  |
| Net income/(loss) | $(205,771) |
| Adjustments to reconcile net income to net cash provided/(used) by operating activities: |  |
| Share-based Compensation | 119 |
| Changes in operating assets and liabilities: |  |
| Credit Cards | 1,458 |
| Net cash provided/(used) by operating activities | (204,194) |
| CASH FLOW FROM INVESTING ACTIVITIES |  |
| Purchases of Property and Equipment | - |
| Net cash provided/(used) in investing activities | - |
| CASH FLOW FROM FINANCING ACTIVITIES |  |
| Shareholder Loan | 3,881 |
| Simple Agreement for Future Equity (SAFEs) | 43,875 |
| Proceeds from Issuance of Stock | 200,600 |
| Net cash provided/(used) by financing activities | 248,356 |
| Change in cash | 44,162 |
| Cash-beginning of year | - |
| Cash-end of year | $44,162 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |
| Cash paid during the year for interest | $ - |
| Cash paid during the year for income taxes | $ - |
| OTHER NONCASH INVESTING AND FINANCING ACTIVITIES AND SUPPLEMENTAL DISCLOSURES |  |
| Purchase of property and equipment not yet paid for | $ - |
| Issuance of equity in return for note | $ - |
| Issuance of equity in return for accrued payroll and other liabilities | $ - |

*See accompanying notes to financial statements.*

- 5 -

# **FORESYTE INC.**  
**NOTES TO FINANCIAL STATEMENTS**  
**FOR YEAR ENDED TO OCTOBER 31, 2022**---

## 1. NATURE OF OPERATIONS

Foresyte Inc. was incorporated on March 29, 2022, in the state of Illinois. The financial statements of Foresyte Inc. (which may be referred to as the “Company”, “we”, “us”, or “our”) are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s headquarters are located in Chicago, Illinois.

Foresyte is a one-stop-shop for planning and budgeting for the discretionary parts of life, providing users with three unique pillars of value: Financial Planning, Social Calendar, and Travel Planning. Foresyte’s cash flow budgeting framework is approachable and effective, helping users see how the plans they commit to today impact present and future finances (i.e., vacations, bachelor parties, festivals, concerts, game night, date night, golf outing... you name it).

The app’s social calendar - which is powered by a cutting-edge contacts mapping infrastructure - offers an upgraded alternative to platforms like Facebook for planning social events with friends, while layering on financial insights that bring new context to the plans we commit to. The company earns revenue from the subscription-based app that offers a 30-day free trial prior to enrolling users in the monthly subscription cycle. Foresyte’s consumer-direct channels consist of an in-house TikTok influencer, organic socials, nightlife venue partnerships, and an incentivized referral program ($10 Visa e-card for each friend you refer to subscribe).

## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

### Basis of Presentation

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”). The Company has adopted October 31st as its basis of reporting.

### Use of Estimates

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

### Cash and Cash Equivalents

Cash and cash equivalents include all cash in banks. The Company’s cash is deposited in demand accounts at financial institutions that management believes are creditworthy. The Company’s cash and cash equivalents in bank deposit accounts, at times, may exceed federally insured limits. As of October 31, 2022, the Company’s cash and cash equivalents did not exceed FDIC insured limits.

### Income Taxes

Foresyte Inc. is a C corporation for income tax purposes. The Company accounts for income taxes under the liability method, and deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective tax bases.

Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided on deferred tax assets if it is

- 6 -

# **FORESYTE INC.**

# **NOTES TO FINANCIAL STATEMENTS**

# **FOR YEAR ENDED TO OCTOBER 31, 2022**

determined that it is more likely than not that the deferred tax asset will not be realized. The Company records interest, net of any applicable related income tax benefit, on potential income tax contingencies as a component of income tax expense. The Company records tax positions taken or expected to be taken in a tax return based upon the amount that is more likely than not to be realized or paid, including in connection with the resolution of any related appeals or other legal processes. Accordingly, the Company recognizes liabilities for certain unrecognized tax benefits based on the amounts that are more likely than not to be settled with the relevant taxing authority. The Company recognizes interest and/or penalties related to unrecognized tax benefits as a component of income tax expense.

# *Concentration of Credit Risk*

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

# **Revenue Recognition**

The Company is currently pre-revenue and will follow the provisions and the disclosure requirements described in ASU 2014-09 also referred to as Topic 606. Revenue recognition, according to Topic 606, is determined using the following steps:

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

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

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

The Company will earn revenues from the subscription-based app that offers a 30-day free trial prior to enrolling users in the monthly subscription cycle. Foresyte's consumer-direct channels consist of an in-house TikTok influencer, organic socials, nightlife venue partnerships, and an incentivized referral program ($10 Visa e-card for each friend you refer to subscribe).

# **Advertising and Promotion**

Advertising and promotional costs are expensed as incurred. Advertising and promotional expenses for the period from inception to year ended October 31, 2022 amounted to $60,044, which is included in sales and marketing expenses.

# **Stock-Based Compensation**

The Company accounts for stock-based compensation to both employees and non-employees in accordance with ASC 718, Compensation - Stock Compensation. Under the fair value recognition provisions of ASC 718, stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense

- 7 -

# **FORESYTE INC.**  
**NOTES TO FINANCIAL STATEMENTS**  
**FOR YEAR ENDED TO OCTOBER 31, 2022**---

ratably over the requisite service period, which is generally the option vesting period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock options.

# **Fair Value of Financial Instruments**

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

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

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

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

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

# **Subsequent Events**

The Company considers events or transactions that occur after the balance sheet date, but prior to the issuance of the financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated through December 14, 2022, which is the date the financial statements were issued.

# **Recently Issued and Adopted Accounting Pronouncements**

In February 2019, FASB issued ASU No. 2019-02, Leases, that requires organizations that lease assets, referred to as 'lessees', to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with lease terms of more than 12 months. ASU 2019-02 will also require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases and will include qualitative and quantitative requirements. The new standard for nonpublic entities will be effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022, and early application is permitted. We are currently evaluating the effect that the updated standard will have on financial statements and related disclosures.

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

# **3. CAPITALIZATION AND EQUITY TRANSACTIONS**

# **Common Stock**

The Company is authorized to issue 10,000,000 shares of Common Stock with a par value of $0.0001. As of October 31, 2022, 9,925,000 shares have been issued and are outstanding.

---- 8 -

# **FORESYTE INC.**  
 **NOTES TO FINANCIAL STATEMENTS**  
 **FOR YEAR ENDED TO OCTOBER 31, 2022**---

# **4. SHAREBASED COMPENSATION**

# *Restricted Stock*

A summary of the Company’s restricted stock activity and related information is as follows:

|  | Number of Awards | Weighted Average Fair Value | Weighted Average Contract Term |
| --- | --- | --- | --- |
| Inception March 29, 2022 | - |  | - |
| Granted | 1,100,000 | $0.00 |  |
| Vested | - | $ - |  |
| Forfeited | - | $ - |  |
| Outstanding at October 31, 2022 | 1,100,000 | $0.00 | 9.47 |

The fair value of the restricted stock awards was estimated at the date of the grant. The grant date fair value is the stock price on the date of grant. The total fair value of the restricted stock awards vested during the year was $9.

# **5. DEBT**

# **SAFE(s)**

The details of the Company’s Simple Agreements for Future Equity (“SAFE”) and the terms are as follows:

| SAFE(s) | Principal Amount | Borrowing Period | Valuation Cap | Discount | As of Year Ended October 31, 2022 |
| --- | --- | --- | --- | --- | --- |
| Safes I - III | $45,000 | Fiscal Year 2022 | $3,000,000 | not set | $43,875 |
| Total SAFE(s) | $45,000 |  |  |  | $43,875 |

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 greater of: (1) the number of shares of Standard Preferred Stock equal to the Purchase Amount divided by the lowest price per share of the Standard Preferred Stock; or (2) the number of shares of SAFE Preferred Stock equal to the Purchase Amount divided by the SAFE Price. If there is a Liquidity Event before the termination of this SAFE, this SAFE will automatically be entitled 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 there is a Dissolution Event before the termination of this SAFE, the investor will automatically be entitled 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. Since the SAFEs are potentially settleable in cash, the Company has decided to classify them as a liability.

# **6. RELATED PARTY**

On September 13, 2022, the Company issued Simple Agreements for Future Equity (“SAFE”) in the amount of $30,000 to one of the shareholders, George Eddy. The valuation CAP is set to $3,000,000.

---- 9 -

# **FORESYTE INC.**

# **NOTES TO FINANCIAL STATEMENTS**

# **FOR YEAR ENDED TO OCTOBER 31, 2022**---

On September 13, 2022, the Company issued Simple Agreements for Future Equity (“SAFE”) in the amount of $15,000 to one of the shareholders, Keaton Reed. The valuation CAP is set to $3,000,000.

In March of 2022, the company received a cash advance extended by one of its lead investors, George Eddy, used for financing business operation. The funds were a part of his eventual $105,000 that was used for a 700,000 Common Stock purchase.

On December 2, 2022, the Company entered into a Promissory Note with one of the shareholders, George Eddy, in the amount of $30,000. The note bears an interest rate of 6% per annum. The principal amount and interest shall be payable on or before May 31, 2023.

# **7. COMMITMENTS AND CONTINGENCIES**

# **Contingencies**

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

# **Litigation and Claims**

From time to time, the Company may be involved in litigation relating to claims arising out of operations in the normal course of business. As of October 31, 2022, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of the Company’s operations.

# **8. SUBSEQUENT EVENTS**

The Company has evaluated subsequent events for the period from October 31, 2022, through December 14, 2022, which is the date the financial statements were available to be issued.

On November 11, 2022, the company re)introduced its subscription model, resulted in Foresyte entering into the early revenue stage. During November, monthly net revenues increased above $440 along with 95 net new subscribers having entered into the 30-day trial commitment.

On November 22, 2022, the Company terminated a RSUA Agreement with Jonny Nieblas (200,000 shares of Common Stock recouped).

On November 22, 2022, the Company terminated a RSUA Performance Bonus with Erica Schmidt (50,000 shares of Common Stock withheld due to missing milestones).

On November 22, 2022, the Company withheld Kevin Corboy’s RSUA Performance Bonus 2 of 2 (25,000 shares of Common Stock withheld due to missing milestones)

On November 22, 2022, the Company issued a RSUA Agreement to Tarun Sahu (25,000 shares of Common Stock).

On November 22, 2022, the Company issued a RSUA Agreement to Kenneth Waks (25,000 shares of Common Stock).

---- 10 -

# **FORESYTE INC.**

# **NOTES TO FINANCIAL STATEMENTS**

# **FOR YEAR ENDED TO OCTOBER 31, 2022**---

On December 2, 2022, the Company entered into a Promissory Note with one of the shareholders, George Eddy, in the amount of $30,000. The note bears an interest rate of 6% per annum. The Principal Amount and interest shall be payable on or before May 31, 2023.

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

# **9. GOING CONCERN**

The Company lacks significant working capital and has only recently commenced operations. The Company will incur significant additional costs before significant revenue is achieved. These matters raise substantial doubt about the Company's ability to continue as a going concern. During the next twelve months, the Company intends to fund its operations with funding from their proposed Regulation Crowdfunding campaign, and additional debt and/or equity financing as determined to be necessary. There are no assurances that management will be able to raise capital on terms acceptable to the Company. If the Company is unable to obtain sufficient amounts of additional capital, it may be required to reduce the scope of their planned development, which could harm the business, financial condition and operating results. The balance sheet and related financial statements do not include any adjustments that might result from these uncertainties.

---- 11 -

# **EXHIBIT C TO FORM C**

# **PROFILE SCREENSHOTS**

*[See attached]*

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99.

EXHIBIT D TO FORM C

VIDEO TRANSCRIPT

No Video Present.

# STARTENGINE SUBSCRIPTION PROCESS (Exhibit E)

# Platform Compensation

- As compensation for the services provided by StartEngine Capital, the issuer is required to pay to StartEngine Capital a fee consisting of a 5.5-13% (five and one-half to thirteen) commission based on the dollar amount of securities sold in the Offering and paid upon disbursement of funds from escrow at the time of a closing. The commission is paid in cash and in securities of the Issuer identical to those offered to the public in the Offering at the sole discretion of StartEngine Capital. Additionally, the issuer must reimburse certain expenses related to the Offering. The securities issued to StartEngine Capital, if any, will be of the same class and have the same terms, conditions and rights as the securities being offered and sold by the issuer on StartEngine Capital's website.
- As compensation for the services provided by StartEngine Capital, investors are also required to pay StartEngine Capital a fee consisting of a 0-3.5% (zero to three and a half percent) service fee based on the dollar amount of securities purchased in each investment.

# Information Regarding Length of Time of Offering

- Investment Cancellations: Investors will have up to 48 hours prior to the end of the offering period to change their minds and cancel their investment commitments for any reason. Once within 48 hours of ending, investors will not be able to cancel for any reason, even if they make a commitment during this period.
- Material Changes: Material changes to an offering include but are not limited to: A change in minimum offering amount, change in security price, change in management, material change to financial information, etc. If an issuer makes a material change to the offering terms or other information disclosed, including a change to the offering deadline, investors will be given five business days to reconfirm their investment commitment. If investors do not reconfirm, their investment will be canceled and the funds will be returned.

# Hitting The Target Goal Early & Oversubscriptions

- StartEngine Capital will notify investors by email when the target offering amount has hit 25%, 50% and 100% of the funding goal. If the issuer hits its goal early, the issuer can create a new target deadline at least 5 business days out. Investors will be notified of the new target deadline via email and will then have the opportunity to cancel up to 48 hours before the new deadline.
- Oversubscriptions: We require all issuers to accept oversubscriptions. This may not be possible if: 1) it vaults an issuer into a different category for financial statement requirements (and they do not have the requisite financial statements); or 2) they reach $5M in investments. In the event of an oversubscription, shares will be allocated at the discretion of the issuer.
- 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 canceled and committed funds will be returned.
- If a StartEngine issuer reaches its target offering amount prior to the deadline, it may conduct an initial closing of the offering early if they provide notice of the new offering deadline at least five business days prior to the new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). StartEngine will notify

investors when the issuer meets its target offering amount. Thereafter, the issuer may conduct additional closings until the offering deadline.

# Minimum and Maximum Investment Amounts

- In order to invest, to commit to an investment or to communicate on our platform, users must open an account on StartEngine Capital and provide certain personal and non- personal information including information related to income, net worth, and other investments.
- Investor Limitations: There are no investment limits for investing in crowdfunding offerings for accredited investors. Non-accredited investors are limited in how much they can invest on all crowdfunding offerings during any 12-month period. The limitation on how much they can invest depends on their net worth (excluding the value of their primary residence) and annual income. If either their annual income or net worth is less than $107,000, then during any 12-month period, they can invest either $2,200 or 5% of their annual income or net worth, whichever is greater. If both their annual income and net worth are equal to or more than $107,000, then during any 12-month period, they can invest up to 10% of annual income or net worth, whichever is greater, but their investments cannot exceed $107,000.

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Is this an amendment?** Yes

**Nature of Amendment:** Issuer is extending their end date, updating the team, and updating the page

**Name of Issuer:** Foresyte, Inc

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** IL

**Date of Organization:** 03-29-2022

**Physical Address:** 3021 N Southport Avenue Apt 4A, Chicago, IL, 60657

**Issuer Website:** http://foresyteapp.com

**Is there a Co-Issuer?:** No

**Intermediary Name:** StartEngine Capital, LLC

**Intermediary CIK:** 0001665160

**Intermediary File Number:** 007-00007

### Offering Information

**Compensation to Intermediary:** Up to 9% percent

**Financial Interest in Issuer:** Three percent (3%) of securities of the total amount of investments raised in the offering, along the same terms as investors.

**Type of Security Offered:** Common Stock

**Number of Securities Offered:** 12195

**Price per Security:** $0.82

**Method for Determining Price:** N/A

**Target Offering Amount:** $9,999.90

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

**Description of Oversubscription:** At issuer's discretion, with priority given to StartEngine Owners

**Maximum Offering Amount:** $1,234,999.54

**Deadline to Reach Target Amount:** 04-24-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 8

**Total Assets (Most Recent Fiscal Year):** $44,162.00

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

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $44,162.00

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

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

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

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

**Long-Term Debt (Most Recent Fiscal Year):** $43,875.00

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

**Revenues/Sales (Most Recent Fiscal Year):** $0.00

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

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

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

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

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

**Net Income (Most Recent Fiscal Year):** $-205,771.00

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

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DISTRICT OF COLUMBIA, DELAWARE, 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, PR, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING

### Signatures

**Issuer:** Foresyte, Inc

**Signature:** Stephen Eddy

**Title:** CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer

---

**Signature:** Stephen Eddy

**Title:** CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer

**Date:** 03-17-2023