Question 1

Awesome sauce

Accepted Answer

Hi George, We’re glad you’re excited—awesome sauce indeed! 😄 If you have any questions or need anything, feel free to reach out. Thanks for your continued support! Best regards, NYCE Team

Question 2

In the old version of the NYCE App I could see my balances now it does nothing and shows nothing. How can I see my balances?

Accepted Answer

Hi Faith, Thank you for reaching out! To view your balances, you’ll need to make sure you’re using the latest version of the NYCE App. The old version was retired, so please delete it and download the updated version from the App Store. Once you’ve downloaded the new app, simply log in using your email credentials, and you should be able to see your balances without any issues. If you run into any trouble or need further assistance, feel free to schedule a call with us here: https://calendly....

Question 3

So the investment is a 5% promissory note if I assume first $100K already invested by now? I am earning over 5% in a FDIC insured CD. Is the note secured by collateral such as Temple I and II investments in event of default on the note? Or is this an unsecured note with no rec...

Accepted Answer

Hi Brian, Thank you for your question. The 5% promissory note is not secured by specific collateral, such as Temple I or Temple II, and is considered an unsecured note. In the event of default, there is no direct claim on those properties. We understand your comparison to an FDIC-insured CD, and while our note offers a competitive interest rate, it does come with different risk factors compared to a secured investment like a CD. If you'd like to discuss this further or have additional questio...

Question 4

Does this Debt ever convert to Equity??

Accepted Answer

Hi Simpson, Thank you for your inquiry. The NYCE Fixed Income Bond is structured as a debt instrument with a 6% annual dividend, and it does not convert to equity. This bond allows investors to diversify their holdings while receiving fixed returns. However, the bond can be traded on NYCE in 12 months, offering some liquidity options within the platform. If you'd like more details or have additional questions, feel free to schedule a call with us: https://calendly.com/nyceco/investor-success-...

Question 5

Who is the obligor on this debt? I assume that it is senior to the NYCE equity which was sold in 2021?

Accepted Answer

Hi George, Thank you for your question. The obligor on the debt is NYCE, and yes, this debt is structured to be senior to the equity that was sold in 2021. This means the debt holders would have a priority claim over the company’s assets in the event of liquidation, ahead of the equity holders. If you have any additional questions or would like to discuss this further, feel free to schedule a call with us here: https://calendly.com/nyceco/investor-success-check-in Best regards, NYCE Team

NYCE Communities, Inc

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