Hello,

If you could please check my work based on the following screenshots, that would be greatly appreciated. Please, pay careful attention to the percentage used for the series A conversion threshold and the equations on the waterfall diagram. Keep in mind that the liquidation preference for the Series B Preferred Shareholders is payable in pari passu with the Series A Preferred Shareholders. Thank you in advance for your help!

Pre-Money Shares Pre-Money Value Post-Money Series A Shares Post-Money Series A Value 7,931,060 $ 7,931,060 $ 2,220,726 S Common Stock Series A Preferred Series B Preferred (Apex) Employee Stock Total 55,517,420.00 78.72% 55,517,420.00 | 64.50% 15,545,082.00| 18.06% 0.00% 2,143,846 $ 10,074,906 $ 15,006,922.00 21.28% 70,524,342.00 100 2,143,846 $ 12,295,632 $ 15,006,922.00| 17.44% 86,069,424.00 100.00% Per Share Value Post-Money Series A 7.00 Pre-Money Series B Shares Pre-Money Series B Value Post-Money Series B Shares Post-Money Series B Value 8,086,099 $ 2,220,726 2,000,000 $ 2,582,047 $ 14,888,872 8,086,099 $ 2,220,726 $ Common Stock Series A Preferred Series B Preferred 64,688,792.001 62.74% 17,765,808.00 17.23% 0.00% 20,656,376.00 20.03% 103,110,976.00 100.00% 64,688,792.00 54.31% 17,765,808.00 14.92% 16,000,000.001 13.43% 20,656,376,001 17.34% 119,110,976.00 100.00% mployee Stock Total 2,582,047 $ 12,888,872 $ Per Share Value Post-Money Series B 8.00