Vex Capital plans to introduce a new type of funding vehicle, initially to SaaS based businesses, which will allow companies to shift gears from fund raising to sales promotion. Our funding vehicle is called a CUTE which stands for Convertible Utility/Equity. It will be issued under Reg D as a security but the CUTE holder will have the option to redeem the unit back to the issuer for US dollar denominated API credits. CUTEs will be available for continuous issue. After the initial allocation is issued, subsequent issues will take place along a pre-defined bonding curve. Redemptions will be accepted by the company for API credits at the current issue price.