Suppose that EBV decides to consider six possible structures for the Series A stock.

Structure I: The original structure considered in Exercise 8.2: 6M shares of CP.
Structure II: 6M shares of common.
Structure III: RP + 6M shares of common.
Structure IV: PCP with participation as-if 6M shares of common.
Structure V: PCPC with participation as-if 6M shares of common, with liquidation return capped
at 5 times OPP.
Structure VI: RP ($4M APP) + 5M shares of CP ($2M APP).

Structures IV and V have mandatory conversion upon a QPO, where a QPO is any offering of at least $5 per common share and $15M of proceeds. For the purpose of solving this problem, assume that any exit above $5 per share will qualify as a QPO (i.e., acquisitions for at least $5 per common share would also be considered to be QPOs). Draw an exit diagram for each structure.