POST SERIES A CAPTABLE EXERCISE Round Shareholder Medium Capital Num of Shares Share % Share Price Founder $4,800 sX.XX Jill 4,800,000 XX% common Founder $3,200 3,200,000 Jack common Blackbox Seed SAFE $2,500,000 SAFE 2,500,000 Seed Opaque Series A prefered prefered prefered $1,000,000 Blackbox Series A Cormorant $4,000,000 2,000,000 Provident Series A Stock Option Stock Option ESOP 2,000,000 2,000,000 Total Shares Outstanding 100.00% $15,000,000 PRE-MONEY VALUATION SERIES A SHARE PRICE Multiple Post Series A Value MISC ex) 1000x S x0oxx.xoox SAFE; $2.5M @ 20% discount of Series A share price (converted to Seris A shares) SAFE; $2.5M @ $10M Valuation Cap (converted to Series A shares) Series A $1M New investor New investor Assuming it is fully vested and exercised TOTAL