Structure I: 5M shares of common.

Structure II: RP ($5M APP)

Structure III: RP + 5M shares of common

Structure IV: PCP with participation as-if 5M shares of common, QPO at $5 per share

Structure V: PCPC with participation as-if 5M shares of common, with liquidation return capped at four times OPP, QPO at $5 per share

Structure VI: RP ($4M APP) + 5M shares of CP ($1M APP).

Answer the following questions based on the structures above:

6. If exit value W = $72, what is the value of structure I?

7. If exit value W = $72, what is the value of structure II?

8. If exit value W = $ 72, what is the value of structure III?

9. What is exit value at QPO threshold under the structure IV?

10. What is exit value at exit value of $75M under the structure IV?

11. If exit value W = $ 72, what is the value of structure IV?

12. What is the (voluntary) conversion point in structure V?

13. What is the level of proceeds and exit value where the redemption value is capped (cap point) in structure V?

14. If exit value W = $ 72, what is the value of structure V?

15. Q2. What is the conversion condition under structure VI?

16. If exit value W = $ 72, what is the value of structure VI?