Pre-Series Seed Shares % of Full Diluted
Common Stock 1,000,000 80%
Options Outstanding under Stock Plan 70,000 6%
Unissued Reserve 180,000 14%
Total 1,250,000 100%
Pre-Money Value $ 3,000,000
Pool Increase 113,550
Fully-Diluted Outstanding + Pool Increase 1,363,550
Series Seed Price $ 2.2001
Series Seed Investors Amount Shares
Investor A $ 500,000 227,262
Investor B $ 500,000 227,262
Investor Total $ 1,000,000 454,525
Common and
Options Pre Series Seed Total
Common Stock
Founder A 700,000 700,000
Founder B 300,000 300,000
Series Seed Preferred Stock
Investor A
Investor B
Stock Plan
Outstanding Stock Plan Options 70,000 70,000
Unallocated Stock Plan Shares 180,000 180,000
Total 1,250,000 1,250,000
Actual Dollar Amount
$ 499,999.13
$ 499,999.13
$ 1,000,000.45
Series Seed Stock Plan Post Series Fully Diluted
Fully Diluted % Shares Increase Seed Total %
56.00% 700,000 38.50%
24.00% 300,000 16.50%
0.00% 227,262 227,262 12.50%
0.00% 227,262 227,262 12.50%
5.60% 70,000 3.85%
14.40% 113,550 293,550 16.15% 20.00%
100.00% 454,524 113,550 1,818,074 100.00%
Pre-Series A Shares % of Full Diluted
Common Stock 1,000,000 55%
Series Seed Preferred Stock 454,525 25%
Options Outstanding under Stock Plan 140,000 8%
Unissued Reserve 223,550 12%
Total 1,818,075 100%
Pre-Money Value $ 10,000,000
Pre-Money Fully Diluted + Pool Increase 2,302,575
Series A Price Per Share $ 4.3430
New Money $ 5,000,000
Desired Available Post Money Pool 15%
Option Pool Increase 484,500
New Money Amount Shares
Investor A $ 250,000 57,564
Investor B $ 250,000 57,564
Investor C $ 4,500,000 1,036,159
Investor Total $ 5,000,000 1,151,288
Common and Series Seed
Options Preferred Stock
Common Stock
Founder A 700,000
Founder B 300,000
Series Seed Preferred Stock
Investor A 227,262
Investor B 227,262
New Money
Investor C 0
Stock Plan
Outstanding Stock Plan Options
Unallocated Stock Plan Shares
Total 1,000,000 454,524
Actual Dollar Amount % of Round
$ 249,998.37 5.0%
$ 249,998.37 5.0%
$ 4,500,001.09 90.0%
$ 5,000,002.17 100.0%
Pre-Series A Series A Stock Plan Post Series
Options Total Fully Diluted % Shares Increase A Total
700,000 38.50% 700,000
300,000 16.50% 300,000
227,262 12.50% 57,564 284,826
227,262 12.50% 57,564 284,826
- 1,036,159 1,036,159
140,000 140,000 7.70% 140,000
223,550 223,550 12.30% 484,500 484,500
1,818,074 100.00% 1,151,287 484,500 3,230,311
Fully Diluted
%
21.67%
9.29%
8.82%
8.82%
32.08%
4.33%
15.00%
100.00%