Demo document for illustration only. It is not a legal agreement, and nothing here is an offer to sell securities.

Revenue sharing note: investment agreement

This agreement is between Harbor and Pine Hospitality LLC, a ME llc (the “Company”), and the investor named below (the “Investor”).

1. Investment

The Investor agrees to pay the amount chosen at checkout (the “purchase amount”) for a revenue sharing note issued in the Company’s Expansion round, offered under Regulation Crowdfunding (Reg CF).

2. Terms

Each quarter, the Company pays the Investor a pro rata share of 4% of the Company’s gross revenue, until the Investor has received 1.5 times the purchase amount. Any unpaid balance up to that cap is due 72 months after closing. Payments depend on revenue and may be small or zero in some quarters.

3. Escrow and closing

The purchase amount is held by an escrow agent until the round closes. The round closes only if commitments reach the $150,000 target by the deadline. If they don’t, the purchase amount is returned in full.

4. Cancellation

The Investor may cancel for any reason until 48 hours before the deadline. If the Company reports a material change, the Investor must reconfirm within 5 business days, or this commitment is cancelled and refunded.

5. Investor statements

The Investor confirms that they have read the offering statement; understand they could lose the entire purchase amount; understand the securities generally can’t be transferred for one year except to the Company, an accredited investor, a family member, or in a registered offering; and are within their yearly investment limit.

6. Company statements

The Company confirms that it is validly organized, has authority to issue the securities, and that its offering statement is accurate and complete in all material respects.

7. Holding the securities

The securities may be held through a custodian or a crowdfunding vehicle acting for all investors in this round, so the Company has a single entry in its records.

8. Governing law

This agreement is governed by the laws of the state of ME.