Page $2$: New Share and Cap Table Analysis

$1.$ Calculate the number of shares Fertitta would buy at a $$42$ post$-$money value. Hint: You need to first calculate the pre$-$money value and use the current number of existing shares $($see cap. table below$)$ to calculate the current price per share. Then you can calculate $1)$ How many shares Fertitta$$s $$11\mathrm{.}2$ million investment would buy, and $2)$ How many shares he would buy from angel investors for an additional $$7$ million. Use the column on the right to show calculations.

Calculations

Post$-$Money Value $$42,000,000-$

Pre$-$Money Value

Existing Shares $($see below$)$

Current Price$/$Share

# of New Shares issued for $$11\mathrm{.}2$ million investment

# of Existing Angel Shares bought for $$7$ million

$2.$ Using your calculations in #$2,$ complete the capitalization table below.

Current After Fertitta Investment

# of Shares $\%$ Ownership # of Shares $\%$ Ownership

Dean Biersch $40,50020\mathrm{.}4\%$

Dan Gordon $40,50020\mathrm{.}4\%$

Angel Investors $86,50043\mathrm{.}6\%$

Employee Options $31,10415\mathrm{.}7\%$

Fertitta $--$

Total $198,604100\mathrm{.}0\%$

Pre$-$Money Value n$/$a

Post$-$Money Value n$/$a

Price per Share n$/$aPage $2$: New Share and Cap Table Analysis

Calculate the number of shares Fertitta would buy at a $$42$ post$-$money value. Hint: You need to

first calculate the pre$-$money value and use the current number of existing shares $($see cap. table

below$)$ to calculate the current price per share. Then you can calculate $1)$ How many shares

Fertitta's $$11\mathrm{.}2$ million investment would buy, and $2)$ How many shares he would buy from angel

investors for an additional $$7$ million. Use the column on the right to show calculations.

Calculations

Using your calculations in #$2,$ complete the capitalization table below.

Current

After Fertitta Investment