Post on 16-Apr-2017
Shares PriceSeries A 1,000 $ 1.0 Series A Warrants 1,000 $ 1.0 Options 1,000 $ 0.2 Common 1,000 Dividend per share $ 0.5
Scenario 1: Non Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A.
$0 Before this break point, debt is repaid$0 After this break point, the Series A receives value
$1,500 After this break point, the Common receive value$1,700 After this break point, the $0.20 options exercise (Common at $0.20)$3,300 After this break point, the Series A Warrants converts (Common at $1.0)$4,800 After this break point, the Series A converts (Common at $1.5)
Break Point #1 Debt is repaidDebt Principal $0Debt Interest through OPM Term 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.Break Point #2 After this break point, the Series A receives valueBreak Point #1 $0Plus: Series A Liquidation Preference $1,000Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)Shares Outstanding 2,000Strike Price $0.20Subtotal $400Less: Cash Proceeds from Option Exercise ($200)Plus Break Point # 2 $1,500
Break Point #3 $1,700
Break Point #4 After this break point, the Series A Warrants converts (Common at $1.0)Shares Outstanding 3,000Strike Price $1.00Subtotal $3,000Less: Cash Proceeds from Option and Warran ($1,200)Plus Break Point #2 $1,500
Break Point #4 $3,300
* Options available are included in this breakpoint.Break Point #5 After this break point, the Series A converts (Common at $1.5)Shares Outstanding 4,000Strike Price $1.50Subtotal $6,000Less: Cash Proceeds from Option and Warran ($1,200)Plus Break Point # 1 $0
Break Point #5 $4,800
Scenario 1: Non Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A. Scenario 2: Non Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
$0After this break point, the Series A receives value $0After this break point, the Common receive value $1,000After this break point, the $0.20 options exercise (Common at $0.20) $2,000After this break point, the Series A Warrants converts (Common at $1.0) $2,200After this break point, the Series A converts (Common at $1.5) $4,800
Break Point #1 Debt is repaidDebt PrincipalDebt Interest through OPM Term (a
Break Point #1
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.Break Point #2 After this break point, the Series A receives interim LP and Series A Warrants ExerciseBreak Point #1Plus: Series A Interim LP
Break Point #2
After this break point, the $0.20 options exercise (Common at $0.20) Break Point #3 After this break point, the Series A receive remaining valueBreak Point #1Plus: Series A remaining LPSubtotalPlus: Series A Warrants remaining Value
Break Point #3
After this break point, the Series A Warrants converts (Common at $1.0) Break Point #4 After this break point, the $0.20 options exercise (Common at $0.20)Shares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point #3
Break Point #4
* Options available are included in this breakpoint.After this break point, the Series A converts (Common at $1.5) Break Point #5 After this break point, the Series A and Series A Warrants converts (Common at $1.5)
Shares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point # 1
Break Point #5
Scenario 2: Non Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaidAfter this break point, the Series A receives interim LP and Series A Warrants ExerciseAfter this break point, the Series A receive remaining valueAfter this break point, the Common receives valueAfter this break point, the $0.20 options exercise (Common at $0.20)After this break point, the Series A and Series A Warrants converts (Common at $1.5)
$04.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.After this break point, the Series A receives interim LP and Series A Warrants Exercise
$0$1,000
$0Break Point #2 $1,000
After this break point, the Series A receive remaining value$1,000 1000 1000
$500 .5*2000 1000 2000$1,500 2000 -1000
Plus: Series A Warrants remaining Value $500 2000$0
Break Point #3 $2,000
After this break point, the $0.20 options exercise (Common at $0.20)2,000$0.20$400
Less: Cash Proceeds from Option and Warrants E ($200)$2,000
Break Point #4 $2,200
* Options available are included in this breakpoint.After this break point, the Series A and Series A Warrants converts (Common at $1.5)
4,000$1.50
$6,000Less: Cash Proceeds from Option and Warrants E ($1,200)
$0Break Point #5 $4,800
Scenario 2: Non Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A and Series A Warrants converts (Common at $1.5)
Shares PriceSeries A 1,000 $ 1.0 Series A Warrants 1,000 $ 1.0 Options 1,000 $ 0.2 Common 1,000 Dividend per share $ 0.5
Scenario 1: Fully Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A.
$0 Before this break point, debt is repaid$0 After this break point, the Series A receives value and Warrants Exercise
$1,500 After this break point, the Common and Series A receive value$2,100 After this break point, the $0.20 options exercise (Common at $0.20)
Break Point #1 Debt is repaidDebt Principal $0Debt Interest through OPM Term 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.Break Point #2 After this break point, the Series A receives value and Warrants ExerciseBreak Point #1 $0Plus: Series A Liquidation Preference $1,000Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)Shares Outstanding 4,000Strike Price $0.20Subtotal $800Less: Cash Proceeds from Option Exercise ($200)Plus Break Point # 2 $1,500
Break Point #3 $2,100
Scenario 1: Fully Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A. Scenario 2: Fully Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
$0After this break point, the Series A receives value and Warrants Exercise $0After this break point, the Common and Series A receive value $1,000After this break point, the $0.20 options exercise (Common at $0.20) $2,000
$2,600
Break Point #1 Debt is repaidDebt PrincipalDebt Interest through OPM Term (a
Break Point #1
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.After this break point, the Series A receives value and Warrants Exercise Break Point #2 After this break point, the Series A receives interim LP and Series A Warrants Exercise
Break Point #1Plus: Series A Interim LP
Break Point #2
After this break point, the $0.20 options exercise (Common at $0.20) Break Point #3 After this break point, the Series A receives remaining valueBreak Point #1Plus: Series A remaining LP (Dividend amount)Plus: Series A Liquidation DividendPlus: Series A Warrants remaining Value (Divide
Break Point #3
Break Point #4 After this break point, the Common and Series A receive valueShares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point #3
Break Point #4
Scenario 2: Fully Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaidAfter this break point, the Series A receives interim LP and Series A Warrants ExerciseAfter this break point, the Series A receives remaining valueAfter this break point, the Common and Series A receive valueAfter this break point, the $0.20 options exercise (Common at $0.20)
$04.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.After this break point, the Series A receives interim LP and Series A Warrants Exercise
$0$1,000
$0Break Point #2 $1,000
After this break point, the Series A receives remaining value$1,000
Plus: Series A remaining LP (Dividend amount) $500Plus: Series A Liquidation Dividend $1,500Plus: Series A Warrants remaining Value (Divide $500
$0Break Point #3 $2,000
After this break point, the Common and Series A receive value4,000$0.20$800
Less: Cash Proceeds from Option and Warrants E ($200)$2,000
Break Point #4 $2,600
Scenario 2: Fully Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
After this break point, the Series A receives interim LP and Series A Warrants Exercise
Shares PriceSeries A 1,000 $ 1.0 Series A Cap of 3x Series A Warrants 1,000 $ 1.0 Series A reaches CapOptions 1,000 $ 0.2 Series A convertsCommon 1,000 Dividend per share $ 0.5
Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A.
$0 Before this break point, debt is repaid$0 After this break point, the Series A receives value and Warrants exercise
$1,500 After this break point, the Common receive value$2,100 After this break point, the $0.20 options exercise (Common at $0.20)$9,300 After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)
$11,300 After this break point, the Series A Warrants converts (Common at $3.0)$12,800 After this break point, the Series A converts (Common at $3.5)
Break Point #1 Debt is repaidDebt Principal $0Debt Interest through OPM Term 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.Break Point #2 After this break point, the Series A receives value and Warrants exerciseBreak Point #1 $0Plus: Series A Liquidation Preference $1,000Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)Shares Outstanding 4,000Strike Price $0.20Subtotal $800Less: Cash Proceeds from Option Exercise ($200)Plus Break Point # 2 $1,500
Break Point #3 $2,100
Break Point #4 After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)Shares Outstanding 4,000Strike Price $2.00Subtotal $8,000Less: Cash Proceeds from Option Exercise ($200)Plus Break Point #2 $1,500
Break Point #4 $9,300
Break Point #5 After this break point, the Series A Warrants converts (Common at $3.0)Shares Outstanding 3,000Strike Price $3.00Subtotal $9,000Less: Cash Proceeds from Option and Warran ($1,200)Plus Break Point # 1 $0Plus Remaining Max Par of Series A $3,500
Break Point #5 $11,300
Break Point #6 After this break point, the Series A converts (Common at $3.5)Shares Outstanding 4,000Strike Price $3.50Subtotal $14,000Less: Cash Proceeds from Option and Warran ($1,200)Plus Break Point # 1 $0
Break Point #5 $12,800
$ 3.0 Series A reaches Cap $ 2.0
$ 3.5
Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A. Scenario 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
$0After this break point, the Series A receives value and Warrants exercise $0After this break point, the Common receive value $1,000After this break point, the $0.20 options exercise (Common at $0.20) $2,000After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0) $2,600After this break point, the Series A Warrants converts (Common at $3.0) $9,800After this break point, the Series A converts (Common at $3.5) $12,800
Break Point #1 Debt is repaidDebt PrincipalDebt Interest through OPM Term (a
Break Point #1
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.After this break point, the Series A receives value and Warrants exercise Break Point #2 After this break point, the Series A receives interim LP and Series A Warrants Exercise
Break Point #1Plus: Series A Interim LPPlus: Series A Liquidation Dividend
Break Point #2
After this break point, the $0.20 options exercise (Common at $0.20) Break Point #3 After this break point, the Series A receives remaining valueBreak Point #1Plus: Series A remaining LPPlus: Series A Liquidation DividendPlus: Series A Warrants remaining Value
Break Point #3
After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0) Break Point #4 After this break point, the $0.20 options exercise (Common at $0.20)Shares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point #3
Break Point #4
After this break point, the Series A Warrants converts (Common at $3.0) Break Point #5 After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)Shares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point # 1
Break Point #5
Break Point #6 After this break point, the Series A and Series A Warrants converts (Common at $3.5)After this break point, the Series A converts (Common at $3.5) Shares Outstanding
Strike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point # 1
Break Point #5
Scenario 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaidAfter this break point, the Series A receives interim LP and Series A Warrants ExerciseAfter this break point, the Series A receives remaining valueAfter this break point, the Common and Series A receives valueAfter this break point, the $0.20 options exercise (Common at $0.20)After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)After this break point, the Series A and Series A Warrants converts (Common at $3.5)
$04.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.After this break point, the Series A receives interim LP and Series A Warrants Exercise
$0$1,000
Plus: Series A Liquidation Dividend $0Break Point #2 $1,000
After this break point, the Series A receives remaining value$1,000
$500Plus: Series A Liquidation Dividend $1,500Plus: Series A Warrants remaining Value $500
$0Break Point #3 $2,000
After this break point, the $0.20 options exercise (Common at $0.20)4,000$0.20$800
Less: Cash Proceeds from Option and Warrants E ($200)$2,000
Break Point #4 $2,600
After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)4,000$2.00
$8,000Less: Cash Proceeds from Option and Warrants E ($200)
$2,000Break Point #5 $9,800
After this break point, the Series A and Series A Warrants converts (Common at $3.5)4,000$3.50
$14,000Less: Cash Proceeds from Option and Warrants E ($1,200)
$0Break Point #5 $12,800
Scenario 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A and Series A Warrants reaches cap (Common at $2.0)After this break point, the Series A and Series A Warrants converts (Common at $3.5)
Shares PriceSeries A 1,000 $ 1.0 Series A MPP (including DividSeries A Warrants 1,000 $ 1.0 Series A reaches CapOptions 1,000 $ 0.2 Series A convertsCommon 1,000 Series A Warrants reaches capDividend per share $ 0.5
Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A.
$0 Before this break point, debt is repaid$0 After this break point, the Series A receives value
$1,500 After this break point, the Common receives value$2,100 After this break point, the $0.20 options exercise (Common at $0.20)$7,300 After this break point, the Series A reaches cap (Common at $1.5)$8,800 After this break point, the Series A Warrants reaches its cap (Common at $2.0)
$10,800 After this break point, the Series A and Series A Warrants converts (Common at $3.0)
Break Point #1 Debt is repaidDebt Principal $0Debt Interest through OPM Term 4.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.Break Point #2 After this break point, the Series A receives valueBreak Point #1 $0Plus: Series A Liquidation Preference $1,000Plus: Series A Liquidation Dividend $500
Break Point #2 $1,500
Break Point #3 After this break point, the $0.20 options exercise (Common at $0.20)Shares Outstanding 4,000Strike Price $0.20Subtotal $800Less: Cash Proceeds from Option Exercise ($200)Plus Break Point # 2 $1,500
Break Point #3 $2,100
Break Point #4 After this break point, the Series A reaches cap (Common at $1.5)Shares Outstanding 4,000Strike Price $1.50Subtotal $6,000Less: Cash Proceeds from Option Exercise ($200)Plus Break Point #2 $1,500
Break Point #4 $7,300
Break Point #5 After this break point, the Series A Warrants reaches its cap (Common at $2.0)Shares Outstanding 3,000Strike Price $2.00Subtotal $6,000Less: Cash Proceeds from Option and Warran ($200)Plus Break Point # 1 $0Plus Remaining Max Par of Series A $3,000
Break Point #5 $8,800
Break Point #6 After this break point, the Series A and Series A Warrants converts (Common at $3.0)Shares Outstanding 4,000Strike Price $3.00Subtotal $12,000Less: Cash Proceeds from Option and Warran ($1,200)Plus Break Point # 1 $0
Break Point #5 $10,800
Series A MPP (including Divid $ 3.0 Series A reaches Cap $ 1.5
$ 3.0 Series A Warrants reaches cap $ 2.0
Scenario 1: Capped Participating Series A. Dividend for Warrants would be declared from the day it becomes Series A. Scenario 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
$0After this break point, the Series A receives value $0After this break point, the Common receives value $1,000After this break point, the $0.20 options exercise (Common at $0.20) $2,000After this break point, the Series A reaches cap (Common at $1.5) $2,600After this break point, the Series A Warrants reaches its cap (Common at $2.0) $7,800After this break point, the Series A and Series A Warrants converts (Common at $3.0) $10,800
Break Point #1 Debt is repaidDebt PrincipalDebt Interest through OPM Term (a
Break Point #1
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%. (a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.Break Point #2 After this break point, the Series A receives interim LP and Series A Warrants ExerciseBreak Point #1Plus: Series A Interim LPPlus: Series A Liquidation Dividend
Break Point #2
After this break point, the $0.20 options exercise (Common at $0.20) Break Point #3 After this break point, the Series A receives remaining valueBreak Point #1Plus: Series A remaining LPPlus: Series A Liquidation DividendPlus: Series A Warrants remaining Value
Break Point #3
After this break point, the Series A reaches cap (Common at $1.5) Break Point #4 After this break point, the $0.20 options exercise (Common at $0.20)Shares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point #3
Break Point #4
After this break point, the Series A Warrants reaches its cap (Common at $2.0) Break Point #5 After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5)Shares OutstandingStrike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point # 1
Break Point #5
Break Point #6 After this break point, the Series A and Series A Warrants converts (Common at $3.0)After this break point, the Series A and Series A Warrants converts (Common at $3.0) Shares Outstanding
Strike PriceSubtotalLess: Cash Proceeds from Option and Warrants EPlus Break Point # 1
Break Point #5
Scenario 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
Before this break point, debt is repaidAfter this break point, the Series A receives interim LP and Series A Warrants ExerciseAfter this break point, the Series A receives remaining valueAfter this break point, the Common and Series A receives valueAfter this break point, the $0.20 options exercise (Common at $0.20)After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5)After this break point, the Series A and Series A Warrants converts (Common at $3.0)
$04.42% $0
Break Point #1 $0
(a) The after-tax cost of debt is Silicon Valley Bank's average loan yield as of Q2 2010. The tax rate utilized is 40%.After this break point, the Series A receives interim LP and Series A Warrants Exercise
$0$1,000
Plus: Series A Liquidation Dividend $0Break Point #2 $1,000
After this break point, the Series A receives remaining value$1,000
$500Plus: Series A Liquidation Dividend $1,500Plus: Series A Warrants remaining Value $500
$0Break Point #3 $2,000
After this break point, the $0.20 options exercise (Common at $0.20)4,000$0.20$800
Less: Cash Proceeds from Option and Warrants E ($200)$2,000
Break Point #4 $2,600
After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5)4,000$1.50
$6,000Less: Cash Proceeds from Option and Warrants E ($200)
$2,000Break Point #5 $7,800
After this break point, the Series A and Series A Warrants converts (Common at $3.0)4,000$3.00
$12,000Less: Cash Proceeds from Option and Warrants E ($1,200)
$0Break Point #5 $10,800
Scenario 2: Capped Participating Series A. Dividend for Warrants would be declared from the original issue date of Series A.
After this break point, the Series A receives interim LP and Series A Warrants Exercise
After this break point, the Series A and Series A Warrants reaches cap (Common at $1.5)After this break point, the Series A and Series A Warrants converts (Common at $3.0)