Current After Fertitta Investment INSTRUCTIONS # of Shares % Ownership # of Shares % Ownership Fill out the green cells in the capitalization table and below the cap table assuming Fertitta makes the investment. Dean Biersch 40,500 20.4% Dan Gordon 40,500 20.4% Start with cells below the cap table: Angel Investors 86,500 43.6% 1. Start with the proposed post-money value. - Employee Options 31,104 15.7% 2. Subtract the investment to get pre-money value. Fertitta 3. Calculate the current price per share (pre-money value/total shares). Total 198,604 100.0% 4. Calculate the number of shares Ferttita's investment will purchase at that price per share Pre-Money Value n/a 5. Calculate the number of shares that the company will buy back from Gordon, Biersch, and largest angel for $1.5 million. 1 Post-Money Value n/a Assume that Gordon and Biersch each get $200,000 and the largest angel gets $1,100,000. 2 Price per Share n/a 6. Calculate the number of angel shares Fertitta will purchase with an additional $7 million. 3 7. Subtract shares bought by company from both Gordon and Biersch shares. 4 Fertitta Investment: 5 Post-Money Value Then fill in cap table: Pre-Money Value 1. For Gordon and Biersch, subtract shares bought by company from their existing shares. 7 Current Price/Share 2. For Angel Investors, subtract shares bought by company and shares bought from Angels by Fertitta # of Fertitta Shares 3. For Fertitta, add number of new shares issued plus number of angel shares Fertitta will buy. # of G&B Shares Bought by Company # of Angel Shares Bought by Company Then answer the question regarding the financing of locations. 1 # of Angel Shares Bought by Fertitta 2 3 4 Briefly discuss the financing of the first three locations. How did the sources of financing and the mix of debt and equity change and why? Type your answer below) 5 6 B Current After Fertitta Investment INSTRUCTIONS # of Shares % Ownership # of Shares % Ownership Fill out the green cells in the capitalization table and below the cap table assuming Fertitta makes the investment. Dean Biersch 40,500 20.4% Dan Gordon 40,500 20.4% Start with cells below the cap table: Angel Investors 86,500 43.6% 1. Start with the proposed post-money value. - Employee Options 31,104 15.7% 2. Subtract the investment to get pre-money value. Fertitta 3. Calculate the current price per share (pre-money value/total shares). Total 198,604 100.0% 4. Calculate the number of shares Ferttita's investment will purchase at that price per share Pre-Money Value n/a 5. Calculate the number of shares that the company will buy back from Gordon, Biersch, and largest angel for $1.5 million. 1 Post-Money Value n/a Assume that Gordon and Biersch each get $200,000 and the largest angel gets $1,100,000. 2 Price per Share n/a 6. Calculate the number of angel shares Fertitta will purchase with an additional $7 million. 3 7. Subtract shares bought by company from both Gordon and Biersch shares. 4 Fertitta Investment: 5 Post-Money Value Then fill in cap table: Pre-Money Value 1. For Gordon and Biersch, subtract shares bought by company from their existing shares. 7 Current Price/Share 2. For Angel Investors, subtract shares bought by company and shares bought from Angels by Fertitta # of Fertitta Shares 3. For Fertitta, add number of new shares issued plus number of angel shares Fertitta will buy. # of G&B Shares Bought by Company # of Angel Shares Bought by Company Then answer the question regarding the financing of locations. 1 # of Angel Shares Bought by Fertitta 2 3 4 Briefly discuss the financing of the first three locations. How did the sources of financing and the mix of debt and equity change and why? Type your answer below) 5 6 B