# EDGAR Filing Document

**Accession Number:** 0001964614
**File Stem:** 0001964614-23-000001
**Filing Date:** 2023-2
**Character Count:** 115816
**Document Hash:** 8f43f2acd1a7d347cce564de2200ae8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001964614-23-000001.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001964614-23-000001

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zulya Corp
- **CENTRAL INDEX KEY:** 0001964614
- **IRS NUMBER:** 611988338
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31745
- **FILM NUMBER:** 23597467

**BUSINESS ADDRESS:**
- **STREET 1:** 11321 NUCKOLS RD
- **STREET 2:** UNIT B
- **CITY:** GLEN ALLEN
- **STATE:** VA
- **ZIP:** 23059
- **BUSINESS PHONE:** 8045038083

**MAIL ADDRESS:**
- **STREET 1:** 11001 ELLIS MEADOWS LN
- **CITY:** GLEN ALLEN
- **STATE:** VA
- **ZIP:** 23059

### Attached PDF Documents

**Attachment 1:** `formcptsa.pdf`

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

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

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

# FORM C

Name of Issuer Zulya Corporation

DBA PITSA

Form of Entity Corporation

Jurisdiction of Incorporation / Organization Virginia

Date of Organization February 11, 2021

Physical Address of Issuer 4445 Corporation Ln, Ste. 264 Virginia Beach, VA 23462

Website of Issuer https://www.pitsa.pizza/

Intermediary Name SMBX, LLC

Intermediary CIK 0001707214

Intermediary SEC File Number 007-00129

Intermediary CRD Number 290186

1. 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:

SMBX will be charging a capital raise fee of 4.50% (up to $5,580 based on the total amount raised)

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

N/A

3. Type of security offered:

☐ Common Stock

☐ Preferred Stock

☑ Debt

☐ Other

1

SMBX

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

If Other, describe the security offered: N/A

4. Target number of securities to be offered: Up to 12,400 units

5. Price (or method for determining price): $10.00 per unit

6. Minimum Target offering amount: $40,000

Maximum Target offering amount: $124,000

7. Oversubscriptions accepted (only during offering, but not after offering has closed):

☑ Yes
☐ No

If yes, disclose how oversubscriptions will be allocated:

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

If other, describe how oversubscriptions will be allocated: N/A

8. Maximum offering amount (if different from target offering amount): $124,000

9. Deadline to reach the target offering amount: March 27, 2023

NOTE: If the sum of the investment commitments does not equal to or reach the minimum target offering amount at the offering deadline, then either 1) an issuer accepts a lower fund raised amount and investors invested in the bonds also confirm this change to the offering, at which case, the offering will be finalized and processed through accordingly, 2) an issuer extends the offering deadline to a future date and investors invested in the bonds also confirm this change to the offering or 3) no securities will be sold in the offering and investment commitments will be cancelled and committed funds will be credited back to investors' bank accounts or credit cards.

10. Current number of employees: 5

11. Financial Summary of Issuer:

Fiscal year-end is December 31

| Financial Overview | FY21 | FY22 |
| --- | --- | --- |
| Total Assets | $98,021 | $97,200 |
| Cash and Cash Equivalents | $98,021 | $2,940 |
| Accounts Receivable | $0 | $0 |
| Short-Term Debt | $3,270 | $0 |
| Long-Term Debt | $0 | $0 |
| Revenue | $0 | $151,542 |
| Cost of Goods Sold | $5,536 | $100,892 |
| Taxes | $0 | $0 |
| Net Income | -$45,704 | -$86,551 |

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

☑ AL
☑ CA
☑ DE
☑ FL
☑ GA
☑ AK
☑ CO
☑ DC
☑ AZ
☑ CT
☑ AR

2

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

☑ HI
☑ ID
☑ KS
☑ LA
☑ ME
☑ NE
☑ OH
☑ PA
☑ RI
☑ SC
☑ TN
☑ UT
☑ VT
☑ WA
☑ BS
☑ IL
☑ KY
☑ MD
☑ NV
☑ OK
☑ MA
☑ NH
☑ OR
☑ MI
☑ NJ
☑ MN
☑ NM
☑ MS
☑ NY
☑ MO
☑ NC
☑ MT
☑ ND
☑ SD
☑ TX
☑ VA
☑ WV
☑ GU
☑ WI
☑ PR
☑ WY
☑ VI
☑ 1V

# 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: Zulya Corporation

# COMPANY ELIGIBILITY

NOTE: If any of the following statements is not true, then you are NOT eligible to rely on this exemption under Section 4(a)(6) of the Securities Act.

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.

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

☐ Yes
☑ No

3

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

If yes, please explain: N/A

#### 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. List all positions and offices with the issuer held and the period of time in which the director served in the position or office:

| Name of Director | Dates of Board Service | Principal Occupation | Employer | Dates of Service | Title / Position | Principal Business |
| --- | --- | --- | --- | --- | --- | --- |
| Abhilash Rachagiri | 2021 - Present | President | Zulya Corporation | 2021 - Present | President | Limited-Service Restaurants |
| Sushanth Devaguptapu | 2021 - Present | CEO | Zulya Corporation | 2021 - Present | CEO | Limited-Service Restaurants |

#### OFFICERS OF THE COMPANY

NOTE: The term officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person routinely performing similar functions.

| Name of Officer | Title / Position | Dates of Service | Responsibilities |
| --- | --- | --- | --- |
| Abhilash Rachagiri | President | 2021 - Present | President |
| Sushanth Devaguptapu | CEO | 2021 - Present | CEO |

5. Provide the following information about each officer (and any persons occupying a similar status or performing a similar function) of the issuer. List any prior positions and offices with the issuer and the period of time in which the officer served in the position or office:

N/A

#### PRINCIPAL SECURITY HOLDERS

NOTE: The following 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.

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

| Name of Holder | % of Voting Power Prior to Offering |
| --- | --- |
| Pitsa Corporation | 100% |

#### BUSINESS AND ANTICIPATED BUSINESS PLAN

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

**Zulya Corporation** (NAICS 722513) (dba PITSA) is a love letter to all the things that make pizza one of the most beloved foods in the world. They drew inspiration from our modern society to create a melting pot of cultures in one dish in an authentically inauthentic taste. They will be expanding their kitchen to operate two virtual (ghost kitchen) restaurant brands from their kitchen using their existing real estate and kitchen space to operate these brands.

#### 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

4

![SMB logo]()

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

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:**

Investment in the Issuer is a purchase of a debt security, specifically, a debt security that pays principal plus interest monthly for the duration of the outstanding debt. The primary material factor that makes investment in a debt security and in this issuer speculative or risky is the Issuer's ability to service the debt through cash generated by revenue. Therefore, any material changes to revenue will impact the Issuer's capacity to service the debt. These factors may include but are not limited to a sufficient decline in sales of its products and/or services, unforeseeable extraordinary expenses incurred in its operations, and/or taking on more debt than is viable for the business to service. Please see the financial condition of the issuer on page 14 for a more detail breakdown of how material changes to its revenue generating capacity and net income could impact its' ability to service this debt and thus create risk to you and your investment.

NOTE: Avoid generalized statements and include only those factors that are unique to the issuer. Discussion should be tailored to the issuer's business and the offering and should not repeat the factors addressed in the above. No specific number of risk factors is required to be identified.

**USE OF FUNDS**

**1. What is the purpose of this offering?**

The purpose of this offering is to raise up to $124,000. **Zulya Corporation** intends to use offering net proceeds towards equipment, working capital and refinancing debt.

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

NOTE: An issuer must provide a reasonably detailed description of any intended use of proceeds, such that investors are provided with an adequate amount of information to understand how the offering proceeds will be used. If an issuer has identified a range of possible uses, the issuer should identify and describe each probable use and the factors the issuer may consider in allocating proceeds among the potential uses. If the issuer will accept proceeds in excess of the target offering amount, the issuer must describe the purpose, method for allocating oversubscriptions, and intended use of the excess proceeds with similar specificity.

If minimum raise is met:

- $16,128 (40.32%) of the proceeds will go towards equipment
- $14,652 (36.63%) of the proceeds will go towards working capital
- $7,419 (18.55%) of the proceeds will go towards refinancing debt
- $1,800 (4.50%) of the proceeds will go towards SMBX's capital raise fee

If the maximum raise is met:

- $50,000 (40.32%) of the proceeds will go towards equipment
- $45,420 (36.63%) of the proceeds will go towards working capital
- $23,000 (18.55%) of the proceeds will go towards refinancing debt
- $5,580 (4.50%) of the proceeds will go towards SMBX's capital raise fee

**DELIVERY & CANCELLATIONS**

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

The following describes the method and the process to invest in the Issuer/Company's debt securities, including how the Issuer/Company will complete an investor's transaction(s) and deliver securities to the investor.

5

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

- • **Offering Process.** The offering will use a first come first serve/pro-rata method to issue and sell bonds to investors. All bonds pay a fixed rate interest as per the terms of the offering.
- • **Investor Commitment.** The Investor will place order(s) through the SMBX mobile app, the SMBX Investment Center web client, or the SMBX Investment Center mobile web client by inputting the total amount they would like to invest at a preset value of \$10.00 per bond and at the fixed interest rate per the terms of the offering. Bond orders are processed through immediately and an investor has up to 48 hours before the close of an offering to cancel their order(s).
- • **Investor Transfer of Funds.** The initiation for a Transfer of Funds will happen simultaneously when an order is placed (payment for bonds are upfront). The order(s) will sit in the investor's portfolio as pending until the transfer of funds / payment is completed. The funds will sit in an escrow account on behalf of the issuer until the close of a successful offering. Only those orders that have fully settled will be allocated bonds on a first come first serve / pro-rate basis at the end of the offering.
- • **Progress of the Offering.** The Investor will receive periodic email updates on the progress of the offering, including how much has been raised so far and how many days remain until the end of the offering.
- • **Closing of an Offering. Original Date -** At the close of the offering, investors will receive an email notifying that they have been allocated a number of bonds or whether their order(s) have been cancelled and returned due to oversubscription. The investor may also be asked to reconfirm their order(s) within 5 business days by clicking on a link included in the email in the event of a material change to an offering (material changes may include a change to the offering's deadline date, a change to the offering amount, etc.). Orders not reconfirmed within 5 business days will be cancelled and refunded to investor's bank account or credit card.
- • **Early Closing.** In the event an offering has met its 21-day minimum open requirement and has been fully subscribed before the offering's original close date, the Company may choose to close the offering early. The offering will then be settled at the issuer's direction by the SMBX. An email notification will be sent to all investors and those who have been allocated bonds will proceed to either receive their bond certificates or asked to reconfirm their bonds in the event of a material change to the offering. All investors who are not allocated bonds will receive a notification that funds will be refunded to their bank accounts or credit cards due to oversubscription. The decision for an early closing and the email notifications will be sent at least 5 business days prior to the original close date.
- • **Securities Transfer(s). Bond Certificates -** After an offering has closed and all investors who were allocated bonds have reconfirmed their orders in the event of a material change to the offering, the Company will direct SMBX to issue on their behalf, the electronically signed bond certificates in pdf format to investors via email. The bond certificates will be the investor's authoritative copy of ownership of the bonds. All bond certificates have unique identification codes that the Company and the SMBX have records of. If you misplace or lose your bond certificate(s), please contact support@thesmbx.com and notify them that you need a replacement certificate. SMBX and the Company will then update and void your old certificate(s) on our records and issue you new certificate(s) via email.
- • **Portfolio Entry.** On the same day investors receive their bond certificate(s) via email, they will see the bonds registered in their portfolio under Bonds. That bond issuance date will also be the first day their bond securities will start accruing interest for the month. Investors will then start receiving principal + interest (earnings) on their bond securities exactly 1 month on the same day of the bond issuance date (except if the day lands on a holiday or weekend or on a day that a particular month may not have the same day, i.e. the 31$^{st}$, then repayments will be recorded and credited the following business day).

#### 4. How can an investor cancel an investment commitment?

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

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 and the investor has been allocated bonds, post the closing process including a possible reconfirmation of the investment commitments by investors in the event of a material change to the offering, the funds will be released to the issuer upon the closing of the offering and the investor will receive securities in exchange for his or her investment(s).

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.

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

6

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

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.

7

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

# OWNERSHIP AND CAPITAL STRUCTURE

Describe the terms of the securities being offered.

1. Do the securities offered have voting rights?

☐ Yes
☑ No

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

☐ Yes
☑ No

If yes, please explain: N/A

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

The Issuer has the right to amend the terms on the securities being offered during the life of the offering before they are issued and finalized on the bond issuance date. 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.

# 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:

A. To the issuer;
B. To an accredited investor;
C. As part of an offering registered with the U.S. Securities and Exchange Commission; or
D. 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 in connection with the death or divorce of the purchaser or other similar circumstance.

NOTE: The term “accredited investor” means any person who comes within any of the categories set forth in Rule 501(a) of Regulation D (same methodology for Regulation Crowdfunding), or who the issuer 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

4. 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.

N/A

Describe any other rights, if applicable: N/A

8

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

5. 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?

N/A

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

☐ Yes
☑ No

If yes, please explain the following:

7. How could the exercise of rights held by the principal shareholders identified above affect the purchasers of the securities being offered?

N/A

8. 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?

N/A

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

N/A

10. 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?

A. Additional Issuances of Securities
B. Issuer Repurchases of Securities
C. A Sale of the Issuer or of Assets of the Issuer
D. Transactions with Related Parties

N/A for all. This is a debt product.

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

| Creditor | Issue Date | Original Amount | Outstanding Principal | Interest Rate | Maturity Date | Current with Payments |
| --- | --- | --- | --- | --- | --- | --- |
| Click Lease | Dec 2022 | $5,000 | $5,000 | 27.99% | July 2023 | Yes |
| Bank of Cardiff | Dec 2022 | $14,000 | $14,000 | 29.99% | Oct 2024 | Yes |

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

N/A

13. 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 in which the issuer is involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) 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:

A. any director or officer of the issuer;
B. 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;
C. if the issuer was incorporated or organized within the past three years, any promoter of the issuer;

9

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

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

☐ Yes

If yes, for each such transaction, specify the person, relationship to issuer, nature of interest in transaction, and amount of interest.

| Name | N/A |
| --- | --- |
| Amount Invested | N/A |
| Transaction Type | N/A |
| Issue Date | N/A |
| Outstanding Principal plus Interest | N/A |
| Interest Rate | N/A |
| Relationship | N/A |
| Additional Comment | N/A |

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

Beneficial ownership shall be determined as of a date that is no more than 120 days prior to the date of filing of this offering statement and using the same calculation described in Question 6 of the above Offering Statement.

The term “member of the family” includes any 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 person, and includes adoptive relationships. The term “spousal equivalent” means a cohabitant occupying a relationship generally equivalent to that of a spouse.

Compute the amount of a related party’s interest in any transaction without regard to the amount of the profit or loss involved in the transaction. Where it is not practicable to state the approximate amount of the interest, disclose the approximate amount involved in the transaction.

10

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

# FINANCIAL CONDITION OF THE ISSUER

### 1. Does the issuer have an operating history?

Yes  
  No

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

NOTE: The discussion must cover each year for which financial statements are provided. Include a discussion of any known material changes or trends in the financial condition and results of operations of the issuer during any time period subsequent to the period for which financial statements are provided.

For issuers with no prior operating history, the discussion should focus on financial milestones and operational, liquidity and other challenges.

For issuers with an operating history, the discussion should focus on whether historical results and cash flows are representative of what investors should expect in the future.

Take into account the proceeds of the offering and any other known or pending sources of capital. Discuss how the proceeds from the offering will affect liquidity, whether receiving these funds and any other additional funds is necessary to the viability of the business, and how quickly the issuer anticipates using its available cash. Describe the other available sources of capital to the business, such as lines of credit or required contributions by shareholders.

These instructions refer to the issuer and its predecessors, if any.

## 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 plans for our expansion involve risks and uncertainties. You should review the 'Risk Factors' section for a discussion of important factors that could cause actual results to our ability to service our debt.

### Overview

The Company's fiscal year-end is December 31.

**Zulya Corporation** (NAICS 722513) is a love letter to all the things that make pizza one of the most beloved foods in the world. They drew inspiration from our modern society to create a melting pot of cultures in one dish in an authentically inauthentic taste. They will be expanding their kitchen to operate two virtual (ghost kitchen) restaurant brands from their kitchen using their existing real estate and kitchen space to operate these brands.

**Zulya Corporation** began operations in March 2021. For FY22, the Company generated $151,542 in revenue and -$86,551 of net income. During FY21 the Company generated $0 in revenue and -$45,704 of net income. These financial results are historical and not representative of what investors should expect in the future.

### Milestones

**Zulya Corporation** has been in business since 2021 and now has two locations in Virginia Parkway Center and Nuckols Road and 12 signature pitsa pies. Pitsa has a twist on traditional pizza and an infusion of flavors from India, Thailand, Turkey, and China.

### Historical Results of Operations

- Revenues and gross margin. During FY21 and FY22, the Company generated revenues of $0 and $151,542, respectively, while gross margins were 0% and 33%, respectively. The company's expansion during this period had significant impacts on revenue.

11

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

- Net income. For FY21 and FY22, the business generated earnings of -$45,704 and -$86,551, respectively, as overall revenue was outpaced by an increase in operating expenses.
- Assets. Total assets changed from $98,021 at year-end FY21 to $97,200 at year-end FY22, which was comprised primarily of cash and inventory.
- Debt. Total debt was $3,270 at year-end FY21 and $0 at year-end FY22.

The Company's ability to be operational is not dependent on reaching its maximum funding target. If the offering is not successful, Zulya Corporation will likely obtain other means of financing or deploy the capital as its cash flow allows, or it may do nothing as these funds are not required for daily operations. In the event the offering successfully reaches the maximum raise target, the Company will deploy 100% to the intended use of funds.

# Related Party Transactions

See Ownership and Capital Structure section.

# Liquidity & Capital Resources

Of the Company's total assets of $97,200 at 12/31/2022, $25,880 were reported as current assets. This includes cash of $2,940 and accounts receivable of $0.

# FINANCIAL INFORMATION

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

Refer to Appendix, Financial Statements

NOTE: To determine the financial statements required, the Aggregate Offering Amount means the aggregate amounts offered and sold by the issuer, all entities controlled by or under common control with the issuer, and all predecessors of the issuer in reliance on Section 4(a)(6) of the Securities Act within the preceding 12-month period plus the current maximum offering amount provided in this Form C.

To determine whether the issuer has previously sold securities in reliance on Regulation Crowdfunding, "issuer" means the issuer, all entities controlled by or under common control with the issuer, and all predecessors of the issuer.

Financial statements must be prepared in accordance with U.S. generally accepted accounting principles and must include balance sheets, statements of comprehensive income, statements of cash flows, statements of changes in stockholders' equity and notes to the financial statements. If the financial statements are not audited, they shall be labeled as "unaudited."

Issuers offering securities and required to provide the information set forth below before filing a tax return for the most recently completed fiscal year may provide information from the tax return filed for the prior year (if any), provided that the issuer provides information from the tax return for the most recently completed fiscal year when it is filed, if filed during the offering period. An issuer that requested an extension of the time to file would not be required to provide information from the tax return until the date when the return is filed, if filed during the offering period.

# Aggregate Offering Amount: $124,000 or less

Financial Information Required:

The following information or their equivalent line items as reported on the federal income tax return filed by the issuer for the most recently completed year (if any):

- Total Income
- Taxable Income; and
- Total Tax;

1) certified by the principal executive officer of the issuer to reflect accurately the information reported on the issuer's federal income tax returns; and

12

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

2) Financial statements of the issuer and its predecessors, if any.

Financial Statement Requirements:

Financial statements must be certified by the principal executive officer of the issuer. If financial statements are available that have either been reviewed or audited by a public accountant that is independent of the issuer, the issuer must provide those financial statements instead along with a signed audit or review report and need not include the information reported on the federal income tax returns or certification of the principal executive officer.

**Aggregate Offering Amount: More than $124,000, but not more than $618,000**

Financial Information Required:

1) Financial statements of the issuer and its predecessors, if any.

Financial Statement Requirements:

Financial statements must be reviewed by a public accountant that is independent of the issuer and must include a signed review report. If financial statements of the issuer are available that have been audited by a public accountant that is independent of the issuer, the issuer must provide those financial statements instead along with a signed audit report and need not include the reviewed financial statements.

**Aggregate Offering Amount: More than $618,000**

Financial Information Required:

1) Financial statements of the issuer and its predecessors, if any.

Financial Statement Requirements:

If the issuer has previously sold securities in reliance on Regulation Crowdfunding, financial statements must be audited by a public accountant that is independent of the issuer and must include a signed audit report.

If the issuer has NOT previously sold securities in reliance on Regulation Crowdfunding and it is offering more than $618,000 but not more than $1,235,000, financial statements must be reviewed by a public accountant that is independent of the issuer and must include a signed review report.

If financial statements of the issuer are available that have been audited by a public accountant that is independent of the issuer, the issuer must provide those financial statements instead along with a signed audit report and need not include the reviewed financial statements.

A principal executive officer certifying financial statements must provide the following certification:

**I, Abhilash Rachagiri, certify that:**

1. The financial statements of Zulya Corporation included in this Form are true and complete in all material respects;

and

2. The tax return information of Zulya Corporation included in this Form reflects accurately the information reported on the tax return for Zulya Corporation filed for the most recent fiscal year ended December 31.

DocuSigned by:

[Signature]

President

13

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

[Title]

2/8/2023

[Date]

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

An issuer will not be in compliance with the requirement to provide reviewed financial statement if the issuer received a review report that includes modifications. An issuer will not be in compliance with the requirement to provide audited financial statements if the issuer received a qualified opinion, an adverse opinion, or a disclaimer of opinion.

The issuer must notify the public accountant of the issuer's intended use of the public accountant's audit or review report in the offering.

For an offering conducted in the first 120 days of a fiscal year, the financial statements provided may be for the two fiscal years prior to the issuer's most recently completed fiscal year; however, financial statements for the two most recently completed fiscal years must be provided if they are otherwise available.

If more than 120 days have passed since the end of the issuer's most recently completed fiscal year, the financial statements provided must be for the issuer's two most recently completed fiscal years.

If the 120th day falls on a Saturday, Sunday, or holiday, the next business day shall be considered the 120th day for purposes of determining the age of the financial statements.

An issuer may elect to delay complying with any new or revised financial accounting standard until the date that a company that is not an issuer (as defined under section 2(a) of the Sarbanes-Oxley Act of 2002) is required to comply with such new or revised accounting standard, if such standard also applies to companies that are not issuers. Issuers electing such extension of time accommodation must disclose it at the time the issuer files its offering statement and apply the election to all standards. Issuers electing not to use this accommodation must forgo this accommodation for all financial accounting standards and may not elect to rely on this accommodation in any future filings.

#### STAKEHOLDER ELIGIBILITY

If you would have answered 'Yes' to any of the following 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.

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

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

A.  In connection with the purchase or sale of any security?

Yes  
  No

B.  Involving the making of any false filing with the Commission?

Yes  
  No

C.  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?

14

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

☐ Yes
☑ No

If yes to any of the above, please explain: N/A

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

A. In connection with the purchase or sale of any security?

☐ Yes
☑ No

B. Involving the making of any false filing with the Commission?

☐ Yes
☑ No

C. 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

If yes to any of the above, please explain: N/A

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

A. At the time of the filing of this offering statement bars the person from:

i. Association with an entity regulated by such commission, authority, agency or officer?

☐ Yes
☑ No

ii. Engaging in the business of securities, insurance or banking?

☐ Yes
☑ No

iii. Engaging in savings association or credit union activities?

☐ Yes
☑ No

B. 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

If yes to any of the above, please explain: N/A

15

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

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

A. Suspends or revokes such person’s registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal?

Yes  
  No

B. Places limitations on the activities, functions or operations of such person?

Yes  
  No

C. Bars such person from being associated with any entity or from participating in the offering of any penny stock?

Yes  
  No

If yes to any of the above, please explain: N/A

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:

A. Any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder?

Yes  
  No

B. Section 5 of the Securities Act?

Yes  
  No

If yes to any of the above, please explain: N/A

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

If yes to any of the above, please explain: N/A

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

16

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

If yes to any of the above, please explain: N/A

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 preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

☐ Yes
☑ No

If yes to any of the above, please explain: N/A

17

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

# ONGOING REPORTING

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.

Once posted, the annual report may be found on the intermediary's website under the offering's Issuer Financial Information section at:

https://thesmbx.com

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

1) the issuer is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act;
2) the issuer has filed, since its most recent sale of securities pursuant to this part, at least one annual report and has fewer than 300 holders of record;
3) the issuer has filed, since its most recent sale of securities pursuant to this part, at least three annual reports and has total assets that do not exceed $10,000,000;
4) the issuer or another party repurchases all of the securities issued in reliance on Section 4(a)(6) of the Securities Act, including any payment in full of debt securities or any complete redemption of redeemable securities;
5) the issuer liquidates or dissolves its business in accordance with state law.

18

SMB

DocuSign Envelope ID: E51795EC-0914-4FDF-B5B8-3437208AD105

# APPENDICES

Appendix A: Bond Prospectus

Appendix B: Financial Statements

Appendix C: Other Supplemental Documents

19

SMB

**Attachment 2:** `bondpptsa.pdf`

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

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

# PROSPECTUS

Zulya Corporation
DBA PITSA

Minimum Amount to be Raised: $40,000
Maximum Amount to be Raised: $124,000

# Zulya Corporation Series A 04-2027 Bonds

Zulya Corporation is offering to sell up to 12,400 units of Zulya Corporation Series A 04-2027 Bonds. The specific terms of the bond offering are outlined below. You should read this prospectus and the applicable supplementary information carefully before you invest.

Zulya Corporation is offering bonds directly to investors on the SMBX. SMBX is a FINRA-registered Regulation Crowdfunding (Reg CF) funding portal, which acts as the intermediary in this bond issuance, pursuant to its legal authority to act as an intermediary effecting Reg CF securities transactions on behalf of qualified investors.

Investing in these bonds involves risks, which include but are not limited to those described in the “Risk Factors” section, beginning on page 7 of this prospectus.

These bonds are unsecured and are not savings accounts, deposits, or obligations of another entity besides the Company. These bonds are not guaranteed by SMBX, Zulya Corporation, or any other bank, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.

The SEC and FINRA have approved Reg CF offerings. However, neither the SEC, FINRA, nor any state securities commission has approved nor disapproved of this bond offering or passed on the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

# TABLE OF CONTENTS

| TITLE PAGE | PAGE 1 |
| --- | --- |
| TABLE OF CONTENTS | 1 |
| ABOUT THIS PROSPECTUS | 2 |
| SUMMARY | 3 |
| SIGNATURE AND DATE | 5 |
| COMPANY INFORMATION | 5 |
| Statement of Eligibility | 5 |
| Directors, Officers, Principals | 6 |
| Description of Business | 6 |
| Financial Condition | 7 |
| Risk Factors | 7 |

1

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

| DESCRIPTION OF OFFERING | 8 |
| --- | --- |
| Use of Proceeds | 8 |
| Investment Considerations | 8 |
| Overview of Offering Terms | 8 |
| Payment of Principal and Interest | 8 |
| Interest and Interest Rates | 9 |
| Redemption and Repayment | 9 |
| Survivor's Option | 9 |
| Classification of Bonds | 10 |
| Defaults and Rights of Acceleration | 10 |
| Collection of Indebtedness | 10 |
| Opening New Bond Series and Future Funding | 10 |
| REGISTRATION AND SETTLEMENT | 10 |
| Book-Entry System | 11 |
| Registration, Transfer, and Payment of Certified Bonds | 11 |
| TAX CONSEQUENCES TO U.S. HOLDERS | 11 |
| REGULATORY CONSIDERATIONS | 12 |
| Legal Authority and Obligations of SMBX | 12 |
| Terms of Investor Participation | 12 |
| Limitations on Investment | 14 |
| Issuer Obligations | 14 |
| Where You Can Find More Information | 14 |

## ABOUT THIS PROSPECTUS

This document is a bond prospectus that includes but is not limited to the information required by the Form C registration statement filed by **Zulya Corporation, or 'Company,'** with the Securities and Exchange Commission, or the 'SEC.'

This Form is used as the offering statement for **Zulya Corporation**, which is offering for sale, **Zulya Corporation Series A 04-2027 Bonds**. Any related amendments and progress reports, required to be added by **Zulya Corporation** when offering securities in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Section 4A and Regulation Crowdfunding (§ 227.100 et seq.), will be attached as Appendices.

This Form is also used for an annual report, required by Rule 202 of Regulation Crowdfunding (§ 227.202), and for the termination of reporting required pursuant to Rule 203(b)(2) of Regulation Crowdfunding (§ 227.203(b)(2)). Careful attention should be directed to the terms, conditions and requirements of the exemption.

**Zulya Corporation**, filing this Form for a bond offering in reliance on Section 4(a)(6) of the Securities Act and pursuant to Regulation Crowdfunding (§ 227.100 et seq.), files this Form prior to the commencement of the offering, and includes the information required by Rule 201 of Regulation Crowdfunding (§ 227.201). **Zulya Corporation** also includes, as required, the Summary (see below) as an XML-based portion of this Form.

**Zulya Corporation** will file a report with the Commission annually up until the maturity of the bond offering and will post the report on either the Company's website or on its offering page on the SMBX, no later than 120 days after the end of each fiscal year covered by the report.

In such annual report(s), it will provide financial statements certified by **Zulya Corporation's** principal executive officer to be true and complete in all material respects. If, however, financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) that have been reviewed or audited by an independent certified public accountant are available, those financial statements will be provided, and subsequently, certification by **Zulya Corporation** principal executive officer will not be required.

Investors should only rely on the information provided in this prospectus and additional supplements that can be found on the **Zulya Corporation** offering page on the SMBX under 'Issuer Financial Information', including any information incorporated by reference. Neither **Zulya Corporation**, nor any promoter or affiliate of **Zulya Corporation**, nor SMBX, nor any U.S. regulatory

2

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

agency has authorized anyone to provide different information. The Company is not offering the bonds in any jurisdiction where their offer or sale is not permitted. All aspects of this offering are made pursuant to the legal authorization for securities offerings of Reg CF, also known as a “crowdfunding investment.”

A crowdfunding investment involves risk. You should not invest in any bonds 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 Zulya Corporation 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.

# SUMMARY

This section is considered the “cover page”, under the general instructions of Form C. Information on this cover page will be generated based on the information provided in XML format on EDGAR. All additional information in this document will also be submitted to EDGAR, in file format consistent with Regulation S-T (§ 232 et seq.)

This section highlights the basics of the legal and financial terms of the bonds that are described in more detail throughout this prospectus. Final terms of this particular bond offering, if modified, will be contained in the supplemental Appendices. The terms in the Appendices may vary from and supersede the terms contained in this prospectus. Before you decide to purchase any bonds, you should read the more detailed information appearing elsewhere in this prospectus and in the applicable Appendices.

| Issuer | Zulya Corporation DBA PITSA Virginia, February 11, 2021 4445 Corporation Ln, Ste. 264 Virginia Beach, VA 23462 CIK: 0001964614 |
| --- | --- |
| Intermediary | SMBX, LLC DBA SMBX https://thesmbx.com CIK: 0001707214 SEC File No: 007-00129 |
| Compensation Disclosure | SMBX will be charging a capital raise fee of 4.50% |
| Securities | Zulya Corporation Series A 04-2027 Bonds |
| Number of Units | Up to 12,400 |
| Issue Price | $10.00 per unit |
| Minimum Amount | $40,000 |
| Maximum Amount | $124,000 |
| Maturity | 48 months, or 04-2027 |
| Interest | This bond yields a fixed interest at 10.00%. Interest is accrued daily beginning on the offering’s completion date or bond issuance date. The bond issuance date will be the date that investors receive their bond certificates. An investor should expect to receive |

3

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

|  | principal + interest payments on their bonds each month on the same day until the maturity of the bond or for as long as the investor holds the bond. (For example, if the bond's issuance date is July 9, 2021, then the accrual period for the bond's interest payment in August will be from July 9, 2021 to August 8, 2021. The first principal + interest payment the investor will receive will then be August 9, 2021). Any payment date that lands on a bank holiday or weekend or at the end of the month on a day that every month may not have (i.e. the 31 st of a month, only some months have 31 st s), then investors will be paid the following business day. |
| --- | --- |
| Principal | The principal is the original amount an investor invests in the offering. It is also the amount which accrues interest during the life of the bond. As principal is paid down each month, interest will also decrease and will be calculated based on the remaining principal until the principal on an investment is fully paid back to an investor. |
| Status | Oversubscription (in the form of investment commitments over the maximum target fundraise amount) is allowed during the offering, but once the offering is completed, oversubscription will be capped at the maximum fundraise amount. The offering is filled on a first-come first-serve basis based on transactions that are fully completed and settled. The deadline to reach the target amount is at least 21 days from the start of the offering (the remaining offering period will always be highlighted to the investor on the offering's page). If the sum of the investment commitments does not equal to or reach the minimum target offering amount at the offering deadline, then either 1) an issuer accepts a lower fund raised amount and investors invested in the bonds also confirm this change to the offering, at which case, the offering will be finalized and processed through accordingly or 2) an issuer extends the offering deadline to a future date beyond the original deadline and continue to raise funds accordingly in hopes to meet their target fundraise amount, and investors invested in the bonds also confirm this change to the offering or 3) no securities will be sold in the offering and investment commitments will be cancelled and committed funds will be credited back to investors' bank accounts or credit cards. |
| Offering Period | The offering will begin at 9:30 am PT on February 9, 2023 and ends at 5pm PT at least 21 days from the offering go-live date. |
| Redemption and Repayment | This offering begins repayment 1 month after its bond issuance date on the same day as the bond issuance date each month, with the initial payment of principal + interest being withheld from the successful offering and remaining in the issuer's escrow until release 1 month after issuance; subsequent payments are made the same day as the bond issuance date each month until maturity. |
| Collateral | This security is unsecured. |
| Survivor's Option | There is no survivor's option for this security. The bond may however, be transferred by an authorized representative of the current beneficial owner of the bond to a new beneficial owner provided the new beneficial owner qualifies to register an account with SMBX to receive the bond's future payments. See Survivor's option for more details. |
| Re-sale Restrictions | Securities issued pursuant to Section 4(a)(6) are not freely transferable by the investor/purchaser during the one year period beginning when the securities are issued, unless such securities are transferred to the issuer of the securities, an accredited investor, as part of an offering registered with the commission, or to a member of the family of the purchaser. |
| Number of Company Employees | 5 |
| Payments Processor | Boston Private Bank and Trust Company, 160 Bovet Road, San Mateo, CA, 94402 |

4

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

Escrow Agent

North Capital Private Securities Corporation, 623 E Fort Union Blvd. Suite 101, Salt Lake City, UT 84047

| Financial Overview | FY21 | FY22 |
| --- | --- | --- |
| Total Assets | $98,021 | $97,200 |
| Cash and Cash Equivalents | $98,021 | $2,940 |
| Accounts Receivable | $0 | $0 |
| Short-Term Debt | $3,270 | $0 |
| Long-Term Debt | $0 | $0 |
| Revenue | $0 | $151,542 |
| Cost of Goods Sold | $5,536 | $100,892 |
| Taxes | $0 | $0 |
| Net Income | -$45,704 | -$86,551 |

5

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

# SIGNATURE AND DATE

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), Zulya Corporation 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.

Zulya Corporation
DBA PITSA

By Abhilash Rachagiri, President

DocuSigned by:  
E3E1D0847B792477...  
(Signature)

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

DocuSigned by:  
E3E1D0847B792477...  
(Signature)

Abhilash Rachagiri, President

2/6/2023

(Date)

# COMPANY INFORMATION

Zulya Corporation is the legal name of the issuer.

# Statement of Eligibility

Zulya Corporation is organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia. Zulya Corporation is not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934. Zulya Corporation is not an investment company registered or required to be registered under the Investment Company Act of 1940. Zulya Corporation is 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. Zulya Corporation has filed with the Commission and provided to investors, to the extent required, the annual reports and financial statements 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). Zulya Corporation is 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. Neither Zulya Corporation nor any of its predecessors have previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding.

6

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

# **Directors, Officers, Principals**

# Directors

| Name of Director | Dates of Board Service | Principal Occupation | Employer | Dates of Service | Title / Position | Principal Business |
| --- | --- | --- | --- | --- | --- | --- |
| Abhilash Rachagiri | 2021 - Present | President | Zulya Corporation | 2021 - Present | President | Limited-Service Restaurants |
| Sushanth Devaguptapu | 2021 - Present | CEO | Zulya Corporation | 2021 - Present | CEO | Limited-Service Restaurants |

# Officers

| Name of Officer | Title / Position | Dates of Service | Responsibilities |
| --- | --- | --- | --- |
| Abhilash Rachagiri | President | 2021 - Present | President |
| Sushanth Devaguptapu | CEO | 2021 - Present | CEO |

# Principal Security Holders

The company's beneficial security holders are:

| Name of Holder | % of Voting Power Prior to Offering |
| --- | --- |
| Pitsa Corporation | 100% |

NOTE: Total voting power is calculated to include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant 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 (or share in such direction or control - as, for example, a co-trustee) they have been included as being 'beneficially owned.' Outstanding voting equity securities are calculated to assume all outstanding options are exercised and all outstanding convertible securities are converted.

# *Related Party Transactions*

There are no related party transactions since the last fiscal year that exceed 5% of the Reg CF capital raised in the last 12 months. A related party is considered any of the following persons that has 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% 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; or (4) any immediate family member of any of the foregoing persons.

# **Description of Business**

**Zulya Corporation** (NAICS 722513) (dba PITSA) is a love letter to all the things that make pizza one of the most beloved foods in the world. They drew inspiration from our modern society to create a melting pot of cultures in one dish in an authentically inauthentic taste. They will be expanding their kitchen to operate two virtual (ghost kitchen) restaurant brands from their kitchen using their existing real estate and kitchen space to operate these brands.

7

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

### Financial Condition

**Zulya Corporation** began operations in March 2021. For FY22, the Company generated $151,542 in revenue and -$86,551 of net income. During FY21 the Company generated $0 in revenue and -$45,704 of net income. These financial results are historical and not representative of what investors should expect in the future.

Proceeds from the offering are not necessary to the viability or liquidity of the business, but rather, will be used towards equipment, working capital and refinancing debt. **Zulya Corporation** plans to use the funds raised from the Reg CF offering shortly after its successful close.

The following is an overview of the indebtedness:

| Creditor | Issue Date | Original Amount | Outstanding Principal | Interest Rate | Maturity Date | Current with Payments |
| --- | --- | --- | --- | --- | --- | --- |
| Click Lease | Dec 2022 | $5,000 | $5,000 | 27.99% | July 2023 | Yes |
| Bank of Cardiff | Dec 2022 | $14,000 | $14,000 | 29.99% | Oct 2024 | Yes |

*Description of Outstanding Securities.*

**Zulya Corporation** has no other securities outstanding.

**Zulya Corporation's** financial statements are available in 'Issuer Financial Information,' which is on the issuer's offering page on the SMBX.

### Risk Factors

Your crowdfunding investment in the bonds will involve risks. This section summarizes some but not all of the specific risks and investment considerations with respect to an investment in the bonds. This prospectus does not describe all of those risks and investment considerations, including risks and considerations relating to your particular circumstances. Neither **Zulya Corporation**, nor SMBX, nor any financial service provider related to this offering, are responsible for advising you of these risks now or as they may change in the future. 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 Company 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.

You should consult with your own financial, tax and legal advisors, to carefully consider the following discussion of risks, among other matters, before deciding whether an investment in the bonds is suitable for you. These bonds are not an appropriate investment for you if you are not knowledgeable about important features of the bonds or financial matters in general. You should not purchase bonds unless you understand and know you can bear these investment risks.

Risks to the investor/purchaser include but are not limited to the following:

**Prepayment Risk.** **Zulya Corporation** may choose to redeem these bonds when prevailing interest rates are relatively low or when the Company believes that it can issue bonds at a lower interest rate. This is considered prepayment risk. If these bonds are redeemable at a time of the Company's choosing, it may choose to redeem your bonds from time to time. If this happens, it will most likely happen when prevailing interest rates are lower than the interest rate paid on your bonds. If prevailing interest rates are lower when it chooses to redeem your bonds, you may not be able to reinvest the redemption proceeds in a comparable bond at an effective interest rate as high as the interest rate on the bonds being redeemed.

**Repayment Risk.** **Zulya Corporation's** ability to make payments on the bonds depends upon the results of its operations. The Company intends to honor its debt-servicing obligations. However, the ability to do so depends on its ability to generate sufficient revenue and earnings to service bond interest payments. Failure to generate sufficient revenue and earnings could prevent us from making distributions or otherwise providing cash needed in order to make payments on the bonds.

**Liquidity Risk.** The Reg CF Securities are issued in a transaction exempt from registration under the 1933 Act and are not registered thereunder or any other law of the United States, or under the securities laws of any state or other jurisdiction. Reg CF Securities purchased through the SMBX platform cannot be resold, pledged, assigned or otherwise disposed of during the one-year period

8

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

starting with the date of purchase, unless they are transferred: (1) to the company itself; (2) to an 'accredited investor' (as defined in as defined in Regulation D under the 1933 Act); (3) in connection with a registered offering of the Reg CF Securities with the SEC; (4) to a family member of the Investor, or to a trust of the Investor or one of its family members; or (5) in connection with the Investor's death or divorce. Therefore, if you require liquidity in your investment, you should not invest in Reg CF securities.

## DESCRIPTION OF OFFERING

### Use of Proceeds

The purpose of this offering is to raise up to **$124,000**. The total proceeds of the successful offering, less offering expenses will be up to $118,420.* **Zulya Corporation** intends to use the offering net proceeds towards equipment, working capital and refinancing debt.

*For this offering, SMBX will be charging a capital raise fee of 4.50% (up to $5,580 based on the total amount raised).

### Investment Considerations

*Cancellation of Investment.* Investors have an unconditional right to cancel an investment commitment for any reason until 48 hours prior to the deadline identified in the issuer's offering materials. An investor can reconsider his or her investment decision until the final 48 hours of the offering. Thereafter, an investor will not be able to cancel any investment commitments made within the final 48 hours of the offering (except in the event of a material change to the offering). If an investor does not reconfirm his or her investment commitment within 5 business days after a material change is made to the offering, the investor's investment commitment will be cancelled, and the committed funds will be returned.

*Delivery of Securities.* Currently, **Zulya Corporation** is in sole possession of the bonds that it will offer for sale to investors. In the event of a successful offering close, **Zulya Corporation** will complete the transaction by simultaneously providing successfully purchased bonds (in the form of bond certificates) to investors via email, which will be electronically executed and delivered to investors at the close of offering and requesting SMBX to direct the Escrow agent managing the account set up on behalf of the offering to release funds to **Zulya Corporation's** bank. SMBX acts as an intermediary in this transaction but does not handle, manage, or possess offering-related securities or funds.

### Overview of Offering Terms

This offering is for **Zulya Corporation Series A 04-2027 Bonds**, yielding a fixed interest rate of **10.00%**. There are **48** months of payments, which includes principal + interest for each payment, payable on the same day each month as the bond issuance date (unless it is a bank holiday, weekend day or falls at the end of the month where the same day may not be present in every month of the year i.e. the 31st only occurs in certain months, at which point payment will be made the following business day that is not a bank holiday), starting **one** month after the close of the offering. These bonds have no voting rights. There is no dilution involved, nor is there any consequence for the Company's existing capital structure. The terms of this offering may not be modified in any way, other than by cancellation of the offering by **Zulya Corporation** or SMBX, which must occur prior to issuance of the bonds, defined as immediately after the successful close of the offering.

### Payment of Principal and Interest

Principal and interest on the bonds will be paid to owners of a beneficial interest in the bonds in accordance with the arrangements set out below and determined by the outcome of the offering. There are **48** months of payments. Payments include principal + interest, payable on the same day each month as the bond issuance date (unless it is a bank holiday, weekend day or falls at the end of the month where the same day may not be present in every month of the year i.e. the 31st only occurs in certain months, at which point payment will be made the following business day that is not a bank holiday), starting **1** month after the close of the offering. Interest in the bonds accrues daily and is paid out monthly at the end of each period. In the event of a transfer of bond(s), the beneficial holder of the bond(s) at the end of the period will receive the principal + interest on the bond(s) for that month and for the remainder of the time they hold the bond(s) until the maturity of the bond(s).*

*Terms of the transference of ownership and its subsequent interest accrual method and payment are subject to change by the SMBX at any given time. Investors will be notified if any changes do occur.

### Interest and Interest Rates

Each fixed-rate bond will begin to accrue interest on its issuance date, and continue to accrue interest until its maturity date, or if earlier, its redemption or repayment date. The formula used for computing interest is the following:

9

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

Coupon Rate = Annualized Interest Payment / Par Value of Bond * 100

### Redemption and Repayment

Unless otherwise stated in the applicable appendix, the bonds will be repayable and redeemable by Zulya Corporation prior to stated maturity date but will otherwise not be redeemable at the discretion of investors prior to their stated maturity date, except in cases where nonperformance has triggered Rights of Acceleration clauses (please see Defaults and Rights of Acceleration, below).

Unless the applicable appendix states that the bond is not redeemable at the Company's option prior to its stated maturity date, then on the first day of the following accrual period, it may redeem those bonds in whole by giving written notice to SMBX, LLC at least 30 days before the redemption date. The redemption date will always coincide with the monthly payment date. (For example, if the monthly payment date is the 5th of each month, the redemption date will also be on the 5th of the month).

Interest payments will cease to accrue at 5pm PST on the day before the first day of a new accrual period. (For example, if the monthly principal + interest payments are on the 5th of each month, the Company will only redeem its bonds on the 5th of a given month. Interest will be accrued up until the 4th of the month for the previous period and will be paid to investors accordingly). Unless otherwise specified in the applicable supplement, the redemption or repayment price will equal 100% of the remaining principal amount of the bond, plus accrued and unpaid interest to the date of redemption or repayment, but no future interest payments will be made on that bond. This payment will be wired to SMBX, LLC by 5 PM PST the day before the redemption date.

The Company also may at any time purchase these bonds, including those otherwise tendered for repayment by a holder, or a holder's duly authorized representative through the exercise of the Survivor's Option described below, at any price or prices in the open market or otherwise. It retains the discretion to purchase these bonds at any price available on the market.

### Survivor's Option

The 'Survivor's Option' is a provision in a bond in which an issuer agrees to repay that bond, if requested by the authorized representative of the current beneficial owner of that bond, following the death of the current beneficial owner of the bond, so long as the bond was acquired by the current beneficial owner some time prior to the request.

There is no Survivor's Option for this bond. However, in the event of the death or incapacitation of the current beneficial owner of the bond, the Company agrees to repay this bond, according to and consistent with its prearranged maturity schedule, as determined by the outcome of the offering, if requested by the authorized representative of the current beneficial owner of that bond, following the death or incapacitation of the current beneficial owner of the bond, so long as the bond was acquired by the current beneficial owner in a legal and legally-verifiable manner. At such point, the transfer of ownership to the new beneficial owner will have occurred. Receipt of payments through maturity of the bond by the new beneficial owner of the bond will require that the new beneficial owner register an account with SMBX and qualify to register such an account. Subsequent paperwork relating to the transference of the physical bond certificates will also be processed by SMBX on behalf of the issuer. Unless the supplement in appendices relating this bond offering states otherwise, the Survivor's Option does not apply to this bond.

Requests for transfer of ownership by the authorized representative of the current beneficial owner of that bond may be sent to support@thesmbx.com or by calling 415-869-8819 between 9am PT and 5pm PT Monday through Friday.

### Classification of Bonds

These bonds are **unsecured debt**. As a result, these bonds are subordinated in right of payment to any 'Senior Indebtedness' to the extent and in the manner set forth in the Subordinated Indenture, as described below. The Subordinated Indenture generally defines 'Senior Indebtedness' as any indebtedness for money borrowed, including all of the Company's indebtedness for borrowed and/or purchased money, and all of its obligations arising from past senior liabilities that were outstanding on the date it executed the Subordinated Indenture, or were created, incurred or assumed after that date, and all deferrals, renewals, extensions and refunds of that indebtedness or obligations, unless the instrument creating or evidencing the indebtedness provides that the indebtedness is subordinate in right of payment to any of the Company's other indebtedness.

Holders of subordinated bonds may be fully subordinated to interests held by creditors holding senior debt or other beneficial owners with legal claim to liabilities, in the event that the Company enters into a receivership, insolvency, liquidation or similar legal proceedings.

10

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

The Company will not be able to make any principal, premium or interest payments on the subordinated bonds or repurchase its subordinated bonds if there is a default or event of default on any Senior Indebtedness that would allow acceleration of the maturity thereof and that is not remedied and it and the trustee for the Subordinated Indenture (the “Subordinated Trustee”) receive notice of this from the holders of any Senior Indebtedness or the Subordinated Trustee receives notice from the Company.

If any subordinated bond is declared due and payable before the stated maturity date or in connection with a distribution of assets to creditors pursuant to a dissolution, winding up, liquidation or reorganization, any principal, premium or interest owing to holders of Senior Indebtedness will be paid to those holders before any holders of subordinated bonds will be paid. However, if such amounts were previously paid to the holder of a subordinated bond or the Subordinated Trustee, the holders of Senior Indebtedness will not have first rights to such amounts previously paid but will have first rights to such amounts going forward.

Until all Senior Indebtedness is repaid in full, the holders of subordinated bonds will be subrogated to the rights of the holders of Senior Indebtedness to receive payments or distributions of assets. Due to differing subordination provisions in various series of subordinated debt securities issued by the Company and its predecessors, in the event of a dissolution, winding up, liquidation, reorganization, insolvency, receivership or other proceeding, holders of the subordinated bonds may receive more or less, ratably, than holders of some of the Company’s other series of its outstanding subordinated debt securities.

#### **Defaults and Rights of Acceleration**

This Indenture defines an event of default as any one of the following events: **Zulya Corporation’s** failure to make scheduled payment when due on any bonds; failure to make scheduled payment on any bonds within 30 days after the scheduled payment is due; breach of any of the Company’s other covenants contained in this Indenture that is not cured within 90 days after written notice by the intermediary on behalf of bondholders; and certain events involving the Company’s bankruptcy, insolvency or liquidation. Payment of principal of these bonds may or may not be accelerated in the case of a default. However, intermediary will determine the proper course, based on what is in the best interests of bondholders.

#### **Collection of Indebtedness**

If the Company fails to make scheduled payments on these bonds, or if it is over 30 days late on a payment on these bonds, on behalf of the interests of bondholders, the intermediary to this transaction (SMBX) will demand that the Company pay to a trust set up for bondholders, for the benefit of the bondholders, under the applicable Indenture, the amount which is due and payable on those bonds. If the Company fails to pay the required amount on demand, the intermediary may take appropriate actions, including instituting judicial proceedings, or referring out to a third-party collection agency, in an order that the intermediary determines is in the best interests of bondholders.

#### **Opening New Bond Series and Future Funding**

Nothing in the terms of this offering prohibits or otherwise prevents **Zulya Corporation** from issuing subsequent bonds or funding itself in the future by any means determined appropriate or necessary by the principals of **Zulya Corporation**, provided that such funding methods do not violate securities law or any issuance limits placed by securities law on issuers, regardless of withstanding exemptions.

### **REGISTRATION AND SETTLEMENT**

#### **Book-Entry System**

All of the bonds on offer will be issued by the Company and provided directly to investors in a pdf “certificate form” via email through the SMBX portal, and a record of ownership will be kept in “book-entry only form”, recorded in the SMBX backend database, and will be represented to investors in their “Portfolio.”

SMBX back-office accounting system automatically records which bondholders have been issued bonds by the Company. However, SMBX does not manage, possess, or handle securities exchanged across its platform. All issuances are directly between the issuer and bondholders.

#### **Registration, Transfer, and Payment of Certified Bonds**

*Registration.* Registration of beneficial ownership of bonds in the book entry system is automatically triggered at the successful close of the offering after bonds have been issued, allocated, in specific cases reconfirmed by investors, and registered in the book entry system automatically populates the registrant ID of the registered bond holder. The transaction is also recorded in the investor’s “Portfolio” history and current bond holdings so that investors are able to see their positions at any given point in

11

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

time. Finally, a physical digital bond certificate is also generated, electronically signed, and distributed directly to investors via email. The SMBX facilitates this process on **Zulya Corporation's** behalf and at the Company's direction only.

*Transfer.* Transfer of ownership of bonds from one registered investor to another investor involves the current owner directly transferring their beneficial ownership of the bond to the new owner for a cash amount agreed to by both parties or by some other method of agreement. Please note however, that the requirements of transference in the first year are subjected to Reg CF rules where Reg CF Securities purchased through the SMBX platform cannot be resold, pledged, assigned or otherwise disposed of during the one-year period starting with the date of purchase, unless they are transferred: (1) to the Company itself, (2) to an 'accredited investor' (as defined in as defined in Regulation D under the 1933 Act), (3) in connection with a registered offering of the Reg CF Securities with the SEC, (4) to a family member of the Investor or to a trust of the Investor or one of its family members, or (5) in connection with the Investor's death or divorce. In the event there is a transfer of bonds from the original owner to a new owner, both the original and new owner should contact the issuer and the SMBX to notify them of the change in ownership so that both the issuer and SMBX may record the transfer of ownership in the books and records. This transfer must be done in accordance to the bylaws of the issuer. The record of the old certificate will then be void and a new certificate will be created, executed and distributed to the investor via email.

*Payment.* Payments made between investors and issuers at issuance and between issuer and investors upon scheduled bond payments are all directed through a qualified third party, which are SMBX's Payments Processor/Escrow bank agents, North Capital Private Securities Corporation and Boston Private Bank and Trust Company. SMBX does not hold, manage, possess or otherwise handle customer securities or funds. When an investor makes an investment commitment, the Company will direct SMBX to direct the payments processor to withdraw the funds from the investor's bank account or credit card in order to be placed in an escrow account operated by North Capital Private Securities Corporation. At the close of the offering, the Company will direct SMBX to promptly direct the payments processor to transmit funds from North Capital to the issuer when the aggregate amount of investment commitments from all investors is equal to or lesser than the maximum target amount of the offering provided it has been agreed to by the issuer, and the cancellation period for each investor has expired. Likewise, investors will direct SMBX to direct Boston Private to withdraw funds (principal + interest paid) from the monthly bond payments escrow account and deposit to their linked bank account.

## TAX CONSEQUENCES TO U.S. HOLDERS

### Debt Crowdfunding Securities

The **Zulya Corporation Series A 04-2027 Bonds** is a form of debt securities. The bonds will accrue monthly interest payments on the outstanding principal like a loan and will be paid to investors on a monthly basis. The payments will include principal and interest. Investors do not have an equitable interest in **Zulya Corporation**. They are essentially lenders to **Zulya Corporation** in which they are providing the funds for a specific transaction and are receiving interest payments according to the agreement. This type of transaction is different from an equity deal and, accordingly, the tax implications can differ.

Taxpayers investing in debt securities are typically not partners to an operating trade or business but are investors of the securities **Zulya Corporation** has issued. They do not get to participate in any financial upside of the business. Accordingly, the interest payments they receive on their bonds are typically classified as interest income. Interest on bonds, mutual funds, CDs, and demand deposits of $10 or more is taxable. Taxable interest is taxed just like ordinary income. Investors will receive a 1099-INT at the end of the year that reflects the interest income they received and should file their taxes accordingly.

Ultimately investors need to carefully review any crowdfunding offering and make sure that they understand the tax ramifications. In addition, they should make sure to engage a qualified CPA or other tax professional to assist them with their tax return.

## REGULATORY CONSIDERATIONS

### Legal Authority and Obligations of SMBX

12

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

Legal authority of SMBX, issuers, and investors to participate in Reg CF securities offerings. SMBX is a FINRA-registered funding portal, but is not required to register as a broker-dealer, an alternative trading system, or an exchange. SMBX accepts investment commitments on behalf of issuers for securities offered in reliance on Section 4(a)(6) of the Securities Act. In doing so, SMBX effects transactions in securities for the account of others by, among other things, ensuring that investors comply with the conditions of Securities Act Section 4A(a)(4) and (8), by making the securities available for purchase through the funding portal, and ensuring the proper transfer of funds and securities as required by Securities Act Section 4A(a)(7). SMBX however does not:

- Offer investment advice or make recommendations
- Solicit purchases, sales or offers to buy securities offered or displayed on its platform
- Compensate promoters and others for solicitations or based on the sale of securities
- Hold, possess, or manage investor funds or securities
- Have a financial interest in any issuer using its services

SMBX advises issuers offering securities on its platform. SMBX advises issuer about the structure and content of the issuer's offering. This includes but is not limited to assisting the issuer in preparing offering documentation, forms for the issuer to use in its offering that help it comply with its disclosure obligations, advice about the types of securities the issuer can offer, the terms of those securities, and the procedures and regulations associated with Reg CF. However, SMBX does not offer investment advice or recommendations; does not solicit purchases, sales, or offers to buy the securities offered or displayed on its website or portal; does not compensate employees, agents, or other persons for such solicitation or based on the sale of securities displayed or referenced on its website or portal; does not hold, manage, possess, or otherwise handle investor funds or securities; and any other activities prohibited by the SEC.

Safe harbor for SMBX. SMBX can determine whether and under what terms to allow an issuer to offer and sell securities in reliance on Securities Act Section 4(a)(6) through its platform, while also complying with all other provisions of Reg CF, including the prohibition on providing investment advice or recommendations. SMBX uses algorithmic scores that are objective in order to advise issuers, including advising the issuer on the range of bond yields to qualify for a bond offering on SMBX. However, SMBX does not advertise, make statements or otherwise represent that the offerings listed on its platform are safer or better investments than those listed on other platforms. SMBX also does not use subjective criteria when to assessing an issuer.

Information about the offering is made available to the SEC and the general public no later than 21 days prior to execution of the sale of securities. SMBX makes available to the SEC and investors any information provided by the issuer pursuant to Section 4A(b), no later than 21 days prior to the first day on which securities are sold to any investor, during which time the intermediary may accept investment commitments. By signing this agreement, the Company is acknowledging that it has been informed that SMBX makes available to the SEC and investors any information provided by the issuer pursuant to Section 4A(b) no later than 21 days prior to the first day on which securities are sold to any investor, during which time the intermediary may accept investment commitments. This information will remain publicly available on SMBX platform until the offer and sale of securities is completed or cancelled (including any additional information provided by the issuer). SMBX does not require any person to establish an account with SMBX in order to access this information.

SMBX provides offering-related communication channels between issuer and investors. SMBX provides offering-related communication channels between issuer and investors, but does not participate in these communications, other than to establish guidelines about communication and to remove abusive or potentially fraudulent communications.

# Terms of Investor Participation

SMBX-origination is restricted to SMBX. SMBX-originated crowdfunding transactions must be conducted exclusively through SMBX.

Right to denial of platform access. SMBX will deny access to its platform to an issuer, or cancel an offering of an issuer, that the funding portal believes may present the potential for fraud or otherwise raises investor protection concerns. It will also deny access to its platform if it reasonably believes that it is unable to adequately or effectively assess the risk of fraud of the issuer or its potential offering.

Cancellation of offering. An offering may be cancelled, for reasons that may vary, by either SMBX or the issuer. Issuer and SMBX reserve the right to cancel an offering at any time at discretion. When an offering is cancelled, investors will receive notification by email of the offering's cancellation, and all investment commitments will be credited back to investors' bank accounts per standard ACH processing times.

Investing in Reg CF securities includes risk of financial loss. Investing in Reg CF securities includes financial risks, including loss of money invested. By signing this agreement, you are acknowledging that investing in Reg CF securities includes risks, including loss

13

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

of money invested. Each time before making an investment commitment, an investor must review relevant investor educational materials, and understand that the entire amount of his or her investment may be lost and is in a financial condition to bear the loss of the investment.

*Investor acknowledgement of investment limits.* Securities Act Section 4(a)(6)(B) limits the aggregate amount of securities that can be sold by an issuer to an investor in reliance on Section 4(a)(6) during the latest 12-month period. Securities Act Section 4(a)(8) requires that SMBX, as a Reg CF funding portal, make efforts to ensure that no investor has made purchases in the aggregate, from all issuers, that exceed the limits in Section 4(a)(6).

During the 12-month period preceding the date of such transaction:

A non-accredited investor's aggregate investment cannot exceed: (i) the greater of $2,200 or 5% of the greater of the annual income or net worth of such investor, as applicable, if either the annual income or the net worth of the investor is less than $124,000, not to exceed a maximum aggregate amount sold of $124,000; or (ii) 10% of the greater of the annual income or net worth of such investor, as applicable, not to exceed a maximum aggregate amount sold of $124,000, if both the annual income and net worth of the investor is equal to or more than $124,000.

Accredited investors are not subject to investment limits. SMBX relies on an investor's representations concerning annual income, net worth and the amount of the investor's other investments in securities sold in reliance on Section 4(a)(6) through other intermediaries unless SMBX has a reasonable basis to question the reliability of the representation.

*Investor will accept information solely by electronic means.* Investors must consent to accept all offering and offering-related information required by Subpart C of Regulation Crowdfunding through electronic means, including but not limited to, educational materials, notices and confirmations.

*Acknowledgement of educational materials made available prior to investing.* Before investing in any securities sold on SMBX, you will the opportunity to review educational materials via email upon your account registration and in HELP, which includes the following information:

- • the process for the offer, purchase and issuance of securities through the intermediary;
- • the risks associated with investing in securities offered and sold in reliance on Section 4(a)(6);
- • the types of securities that are offered on SMBX and the risks associated with each type of security, including the risk of having limited voting power as a result of dilution;
- • the restrictions on the resale of securities offered and sold in reliance on Section 4(a)(6);
- • the types of information that an issuer is required to provide in annual reports, the frequency of the delivery of that information, and the possibility that the issuer's obligation to file annual reports may terminate in the future;
- • the limits on the amounts investors may invest, as set forth in Section 4(a)(6)(B);
- • the circumstances in which the issuer may cancel an investment commitment;
- • the limitations on an investor's right to cancel an investment commitment;
- • the need for the investor to consider whether investing in a security offered and sold in reliance on Section 4(a)(6) is appropriate for him or her; and
- • that following completion of an offering, there may or may not be any ongoing relationship between the issuer and SMBX.

*Acknowledgement of the restrictions on the cancellation of an investment.* Investors have an unconditional right to cancel an investment commitment for any reason until 48 hours prior to the deadline identified in the issuer's offering materials. An investor can reconsider his or her investment decision until the final 48 hours of the offering. Thereafter, an investor will not be able to cancel any investment commitments made within the final 48 hours of the offering (except in the event of a material change to the offering). By participating in an offering, you are acknowledging that you will not be able to cancel any investment commitments made within the final 48 hours of the offering. If an investor does not reconfirm within 5 business days 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.

#### **Limitations on Investments**

*Restrictions on Transfer of the Bonds Being Offered.* The bonds being offered may not be transferred by any purchaser of such bonds during the one year period beginning when they were issued, unless such bonds 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 in connection with the death or divorce of the purchaser or other

14

DocuSign Envelope ID: C7BB586D-40AB-4FAC-ADD2-75E586261E53

similar circumstance. (PLEASE 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.)

#### **Issuer Obligations**

*Issuers and affiliates of issuers must disclose their identity when posting in the News channel of the offering page.* Any person posting in the News channel of the offering page, which is the communication channel, must clearly and prominently disclose with each posting whether he or she is a founder or an employee of an issuer engaging in promotional activities on behalf of the issuer, or is otherwise compensated, whether in the past or prospectively, to promote the issuer’s offering.

*Promoters of the issuer are required to disclose their identity and receipt of compensation.* Promoters of offerings are required to disclose in all communications on SMBX their receipt of compensation and the fact that he or she is engaging in promotional activities on behalf of the issuer.

*Notification to investors of material change made to an offering.* Material changes made by the issuer to the offering terms require notification to investors, and require reconfirmation by investors of their investment commitments within five business days. Reg CF defines “material changes” as ‘information [with] substantial likelihood that a reasonable investor would consider it important in deciding whether or not to purchase the securities.’

#### **Where You Can Find More Information**

More information on general matters related to investing in this and other offerings can be found in the Help section of the SMBX mobile App, which is available for free download in the App Store or in SMBX’s Investment Center at https://thesmbx.com.

15

**Attachment 3:** `combinedfinancials2021.pdf`

| Zulya 2021 | Jan - Dec 21 |
| --- | --- |
| Ordinary Income/Expense |  |
| Cost of Goods Sold |  |
| Purchases COGS | 5,536.45 |
| Total COGS | 5,536.45 |
| Gross Profit | -5,536.45 |
| Expense |  |
| Automobile Expenses | 107.92 |
| Bank Service Charges | 25.00 |
| Cable & Internet | 830.05 |
| Depreciation Expense | 27,675.00 |
| Insurance Expense | 1,192.56 |
| Professional Fees | 750.00 |
| Rent Expense | 7,344.74 |
| Repairs and Maintenance | 2,245.50 |
| Total Expense | 40,170.77 |
| Net Ordinary Income | -45,707.22 |
| Other Income/Expense |  |
| Other Income |  |
| Interest Received | 3.50 |
| Total Other Income | 3.50 |
| Net Other Income | 3.50 |
| Net Income | -45,703.72 |

2:27 PM  
01/04/23  
Accrual Basis

# **ZULYA CORP**  
**Balance Sheet**  
As of December 31, 2021

**Zulya 2021**

**Dec 31, 21**

# **ASSETS**

# **Current Assets**

# **Checking/Savings**

| Cash On Hand | 2,000.00 |
| --- | --- |
| WF 2164 OPTG | 95,021.16 |
| WF 8706 SAV | 1,000.03 |

| Total Checking/Savings | 98,021.19 |
| --- | --- |

| Total Current Assets | 98,021.19 |
| --- | --- |

# **Fixed Assets**

| Accumulated Depreciation | -27,675.00 |
| --- | --- |
| Equipment | 27,674.85 |

| Total Fixed Assets | -0.15 |
| --- | --- |

| TOTAL ASSETS | 98,021.04 |
| --- | --- |

# **LIABILITIES & EQUITY**

# **Liabilities**

# **Current Liabilities**

| Credit Cards |  |
| --- | --- |
| WF CC 6462 | 3,269.83 |

| Total Credit Cards | 3,269.83 |
| --- | --- |

| Total Current Liabilities | 3,269.83 |
| --- | --- |

| Total Liabilities | 3,269.83 |
| --- | --- |

# **Equity**

| Member 1 Equity | 140,454.93 |
| --- | --- |
| Net Income | -45,703.72 |

| Total Equity | 94,751.21 |
| --- | --- |

| TOTAL LIABILITIES & EQUITY | 98,021.04 |
| --- | --- |

Page 1 of 1

2:55 PM  
01/04/23

# **ZULYA CORP**  
**Statement of Cash Flows**  
January through December 2021

**ZULYA Cash flow 2021**

**Jan - Dec 21**

| OPERATING ACTIVITIES |  |
| --- | --- |
| Net Income | -45,703.72 |
| Adjustments to reconcile Net Income to net cash provided by operations: |  |
| WF CC 6462 | 3,269.83 |
| Net cash provided by Operating Activities | -42,433.89 |
| INVESTING ACTIVITIES |  |
| Accumulated Depreciation | 27,675.00 |
| Equipment | -27,674.85 |
| Net cash provided by Investing Activities | 0.15 |
| FINANCING ACTIVITIES |  |
| Member 1 Equity | 140,454.93 |
| Net cash provided by Financing Activities | 140,454.93 |
| Net cash increase for period | 98,021.19 |
| Cash at end of period | 98,021.19 |

Page 1 of 1

**Attachment 4:** `combinedfinancials2022.pdf`

# ZULYA CORPORATION

## Income Statement

For the year ending December 31, 2022

In US Dollars

|  | Notes | Amount |
| --- | --- | --- |
| Total Revenue | 8 | 151,542 |
| Less: Cost of Sales | 9 | (100,892) |
| Gross Profit |  | 50,650 |
| Operating Expenses |  |  |
| General & Administrative Expenses | 10 | 122,138 |
| Selling & Marketing Expenses | 11 | 15,585 |
| Total Expenses |  | (137,723) |
| Operating Profit / (Loss) |  | (87,072) |
| Other Incomes | 12 | 522 |
| Net Profit / (Loss) for the year |  | (86,551) |

*The annexed notes 01 to 14 form an integral part of these financial statements.*

---

Accounts Manager

Chief Executive

# ZULYA CORPORATION

## Balance Sheet

As of December 31, 2022

In US Dollars

|  | Notes | Amount |
| --- | --- | --- |
| Assets |  |  |
| Non-current Assets |  |  |
| Property, plant, and equipment |  | - |
| Leasehold Improvements |  | 71,321 |
| Total Non-current assets |  | 71,321 |
| Current Assets |  |  |
| Inventory Asset |  | 22,940 |
| Cash and Bank Balances | 7 | 2,940 |
| Total Current assets |  | 25,880 |
| Total Assets |  | 97,200 |
| Liabilities and Equity |  |  |
| Current Liabilities |  |  |
| Credit Card Liability |  | - |
| Total Current liabilities |  | - |
| Total Liabilities |  | - |
| Equity |  |  |
| Capital |  | 229,455 |
| Retained Earnings |  | (132,255) |
| Total Equity |  | 97,200 |
| Total Liabilities and Owner's Equity |  | 97,200 |

*The annexed notes 01 to 14 form an integral part of these financial statements.*

Accounts Manager

Chief Executive

# ZULYA CORPORATION

## Statement of Cash Flows

For the year ending December 31, 2022

In US Dollars

|  | Notes | Amount |
| --- | --- | --- |
| Cashflow from Operating Activities |  |  |
| Profit / (Loss) for the period |  | (86,551) |
| Adjustments for: |  |  |
| Depreciation Expenses |  | 7,925 |
| Inventory Asset |  | (22,940) |
| Credit Card Liability |  | (3,270) |
| Cash used in Operating Activities |  | (104,836) |
| Cashflow from Investing Activities |  |  |
| Purchase of Leasehold Improvements |  | (79,246) |
| Cash used in Investing Activities |  | (79,246) |
| Cashflow from Financing Activities |  |  |
| Funds contributed by Members |  | 89,000 |
| Cash generated from Financing Activities |  | 89,000 |
| Net Cash generated during the year |  | 95,081 |
| Cash & Cash equivalents at the beginning of the year |  | 98,021 |
| Cash & Cash equivalents at the end of the year |  | 2,940 |

*The annexed notes 01 to 14 form an integral part of these financial statements.*

Accounts Manager

Chief Executive

**Attachment 5:** `offeringsummaryptsa.pdf`

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

P T S A

## Zulya Corporation
Small Business BondTM

### Bond Terms:

**Bond Yield:** 10.00%

**Target Raise Amount:** $124,000

**Offering End Date:** March 27, 2023

**Repayment Period:** 4 years (48 months)

**Minimum Raise Amount:** $40,000

### Company Details:

**Name:** Zulya Corporation

**Founded:** February 11, 2021

**Address:** 4445 Corporation Ln, Ste. 264

Virginia Beach, VA 23462

**Industry:** Limited-Service Restaurants

**Employees:** 5

**Website:** https://www.pitsa.pizza/

### Use of Funds Allocation:

If the maximum raise is met:

$50,000 (40.32%) - of the proceeds will go towards equipment

$45,420 (36.63%) - of the proceeds will go towards working capital

$23,000 (18.55%) - of the proceeds will go towards refinancing debt

$5,580 (4.50%) - of the proceeds will go towards SMBX's capital raise fee

### Social:

Instagram: 539 Followers

S M B X

P T S A

# **Business Metrics:**

|  | FY21 | FY22 |
| --- | --- | --- |
| Total Assets | $98,021 | $97,200 |
| Cash & Cash Equivalents | $98,021 | $2,940 |
| Accounts Receivable | $0 | $0 |
| Short-term Debt | $3,270 | $0 |
| Long-term Debt | $0 | $0 |
| Revenue | $0 | $151,542 |
| Cost of Goods Sold | $5,536 | $100,892 |
| Taxes | $0 | $0 |
| Net Income | -$45,704 | -$86,551 |

# **Recognition:**

**Zulya Corporation (DBA PITSA)** has been in business since 2021 and now has two locations in Virginia Parkway Center and Nuckols Road and 12 signature pitsa pies. Pitsa has a twist on traditional pizza and an infusion of flavors from India, Thailand, Turkey, and China.

# **About:**

**Zulya Corporation (DBA PITSA)** is a love letter to all the things that make pizza one of the most beloved foods in the world. They drew inspiration from our modern society to create a melting pot of cultures in one dish in an authentically inauthentic taste. They will be expanding their kitchen to operate two virtual (ghost kitchen) restaurant brands from their kitchen using their existing real estate and kitchen space to operate these brands.

For more information, contact our Customer Support Team at support@thesmbx.com

X

S M B

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Zulya Corp

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** VA

**Date of Organization:** 02-22-2021

**Physical Address:** 11001 ELLIS MEADOWS LN, GLEN ALLEN, VA, 23059

**Issuer Website:** https://www.pitsa.pizza/

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

**Intermediary Name:** SMBX, Inc.

**Intermediary CIK:** 0001707214

**Intermediary File Number:** 007-00129

**Intermediary CRD Number:** 290186

### Offering Information

**Compensation to Intermediary:** SMBX will be charging a capital raise fee of 4.50% (up to $5,580 based on the total amount raised)

**Financial Interest in Issuer:** N/A

**Type of Security Offered:** Debt

**Price per Security:** $10.00

**Method for Determining Price:** This is a debt security and the yield at which the bonds pay interest is determined by the market rate yield range for similar SBA loans in the market as of February 2023. The yield is fixed and determined upfront at 10.00%.

**Target Offering Amount:** $40,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** First-come, first-served basis

**Maximum Offering Amount:** $124,000.00

**Deadline to Reach Target Amount:** 03-27-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 5.00

**Total Assets (Most Recent Fiscal Year):** $97,200.00

**Total Assets (Prior Fiscal Year):** $98,021.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $2,940.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $98,021.00

**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):** $3,270.00

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

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

**Revenues/Sales (Most Recent Fiscal Year):** $151,542.00

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

**Cost of Goods Sold (Most Recent Fiscal Year):** $100,892.00

**Cost of Goods Sold (Prior Fiscal Year):** $5,536.00

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

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

**Net Income (Most Recent Fiscal Year):** $-86,551.00

**Net Income (Prior Fiscal Year):** $-45,704.00

**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, PR, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING

### Signatures

**Issuer:** Zulya Corp

**Signature:** Abhilash Rachagiri

**Title:** President

---

**Signature:** Abhilash Rachagiri

**Title:** President

**Date:** 02-08-2023