Use of Proceeds

The Issuer is raising a minimum of $250,000 and a maximum of $700,000 on NextSeed to help finance the build-out of Chapman & Kirby and for initial working capital.

Key Terms

Issuer
Eado Enterprises Group LLC DBA Chapman & Kirby

Type of Offering
Texas Intrastate Crowdfunding

Offered By
NextSeed TX LLC

Offering Min

$250,000

Offering Max

$700,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.75x

Revenue Sharing Percentage

Up to 3%

Each investor participates in both tiers:

Tier 1
3.0% of the first $225,000 of each month’s gross revenue

Tier 2
20.0% of each month’s gross revenue exceeding $225,000

For a detailed example, see the Revenue Sharing Summary below.

Maturity 48 months
Payments

Monthly

Security Interest Blanket Lien
Ownership % Represented by Securities

0% Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Revenue Sharing Summary

Beginning after the 5th full month following the closing, the Issuer will share the following every month with the investors as a group until they are paid in full (each investor participates in both tiers):

Tier 1 revenue sharing
3.0% of the first $225,000 of each month's gross revenue
Tier 2 revenue sharing
20.0% of each month's gross revenue exceeding $225,000

EXAMPLE:

Gross revenue in month X
$350,000
Tier 1 revenue sharing
$225,000 x 3.0% = $6,750
Tier 2 revenue sharing
$125,000 x 20.0% = $25,000
Total revenue sharing
$6,750 + $25,000 = $31,750

Investor A invested $5,000 of the $500,000 that was raised, so Investor A is entitled to receive 1.0% of the $31,750 shared with investors for month X. Therefore, Investor A is paid $317.50 for month X.

The example above is an illustrative example only and may not reflect actual performance.


Each investor participates in both tiers:

Tier 1

3.0% of the first $225,000 of each month’s gross revenue

Tier 2

20.0% of each month’s gross revenue exceeding $225,000

For a detailed example, see the Revenue Sharing Summary below.

Each investor participates in both tiers:

Tier 1

3.0% of the first $225,000 of each month’s gross revenue

Tier 2

20.0% of each month’s gross revenue exceeding $225,000

For a detailed example, see the Revenue Sharing Summary below.