Waiver Letter
By this letter, on behalf of our company (the “Company”), I hereby grant to NetCapital Funding Portal Inc. (“NetCapital”), and to each participating investor, a perpetual waiver from any provisions in the Company's formation documents, as amended, that limit or restrict the ability of an investor to transfer shares of stock, or membership interest units, that are offered for sale to investors by way of the investor’s participation in an offering on the website www.netcapital.com (the “NetCapital Shares”).
The Company acknowledges that this waiver is appropriate so that NetCapital Shares are not bound by any transfer restrictions contained in the Company’s formation documents, as amended, but only by the provisions of the Securities Act of 1933, as amended (the "Act").
The Company further acknowledges that such perpetual waiver is required to enable the NetCapital Shares to trade freely, in accordance with the provisions of the Act, following the sale of NetCapital Shares by the Company to individual investors on a trading platform introduced by Netcapital or otherwise.