Tecventions LLC – Investor Details & Governance Overview

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Company Structure

Tecventions LLC is a New Hampshire limited liability company organized as a manager-managed LLC.

The company has authorized 1,000 Membership Units, representing 100% ownership of the business. All ownership interests, voting rights, and economic rights are governed by the Company’s Operating Agreement.

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Ownership & Capitalization

Ownership of Tecventions LLC is structured as follows:

Founder Contribution

The Founder has contributed approximately $300,000 in value consisting of product tooling, molds, intellectual property, designs, inventory, and related assets.

Investor Contribution

Investor Members have contributed or will contribute an aggregate of $200,000 in cash in exchange for their collective ownership position.

Legal Services Equity

A 10% ownership interest has been issued in exchange for ongoing legal representation and business advisory services. This equity is fully vested upon issuance and does not require a cash contribution.

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Valuation Summary

For purposes of equity issuance and internal accounting:

• Pre-Money Valuation: $300,000

• Capital Raised: $200,000

• Post-Money Valuation: $500,000

• Implied Unit Value: $500 per unit

This valuation is used solely for ownership allocation and does not represent a guarantee of future value.

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Management & Day-to-Day Operations

Tecventions LLC is manager-managed.

• Managing Member: Jeffrey W. Bean

• The Managing Member is responsible for day-to-day operations, manufacturing, sales, staffing, and execution of the business plan.

• The Managing Member has unilateral authority to approve expenditures up to $20,000 per transaction.

Any expenditure, obligation, or commitment exceeding $20,000 requires approval by the Members in accordance with the Operating Agreement.

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Member Voting & Reserved Matters

Each Membership Unit carries one vote.

Certain actions require Member approval, including:

Majority Approval (50%+ of Units)

• Issuing additional equity

• Admitting new members

• Incurring material debt

• Selling material assets

• Related-party transactions

• Merger, sale, or dissolution of the Company

Supermajority Approval (66⅔% of Units)

• Amendments affecting ownership or voting rights

• Changes to management structure

• Dilutive transactions

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Founder Protections

The Operating Agreement includes specific provisions to ensure leadership continuity during the Company’s formative stage:

• The Founder’s ownership may not be reduced below 50% without his written consent.

• The Managing Member role may not be removed during the first year of operations without the Founder’s written consent.

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Transfer Restrictions

Membership Units are not freely transferable.

• Any proposed transfer is subject to a Right of First Refusal in favor of the Company and then the remaining Members.

• Transfers to competitors or parties harmful to the Company are prohibited.

• Transferees do not receive voting or management rights unless formally approved by the Members.

These restrictions are intended to protect the Company and its Members from unintended ownership changes.

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Buy-Sell & Exit Provisions

The Operating Agreement includes standard private-company protections, including:

• Buy-sell rights triggered by death, disability, bankruptcy, or material breach

• Drag-along rights approved by a supermajority to facilitate a company sale

• Tag-along rights protecting minority Members in the event of a sale of control

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Distributions & Economics

• Profits and losses are allocated in proportion to ownership.

• Distributions, if any, are made at the discretion of the Managing Member, subject to applicable law and Member approval requirements.

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Confidentiality

All information provided through this portal is confidential and proprietary to Tecventions LLC and may not be shared without prior written consent.

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Important Note

This portal summary is provided for informational purposes only and is qualified in its entirety by the Company’s Operating Agreement, which governs all rights and obligations of the Members.

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Next Steps

Investors who have questions or wish to discuss participation further are encouraged to contact the Company directly to arrange a conversation or request additional documentation.