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Acme, Inc.

Capitalization Table
(Current)
Common %
Common Stock Common % w/o Pool

Series A[1]

Series A %

Total Shares

Total %

Investors
Investor
Investor
Investor
Investor
Investor

#1
#2
#3
#4
#5

-

0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%

41.7%
41.7%

50.0%
50.0%

5,000,000
25,000,000
1,000,000
250,000
250,000

15.9%
79.4%
3.2%
0.8%
0.8%

5,000,000
25,000,000
1,000,000
250,000
250,000

11.5%
57.5%
2.3%
0.6%
0.6%

-

0.0%
0.0%

5,000,000
5,000,000

11.5%
11.5%

-

0.0%
0.0%

1,000,000
1,000,000

2.3%
2.3%

100.0%

43,500,000

100.0%

Founders
Founder #1
Founder #2
20__ Equity Incentive Plan
Granted Option Shares
Available (Ungranted) Option Shares

5,000,000
5,000,000

1,000,000
1,000,000
12,000,000

8.3% n/a
8.3% n/a
100.0%

100.0%

31,500,000

[1] This example assumes that the Series A converts into Common Stock at a 1:1 ratio. If the Series A converts into Common Stock at anything other than a 1:1 ratio, then
the Series A columns should be expanded into a "nominal shares" column and an as-converted shares column and all calculations in which the Series A shares are combined with the
shares of any other class or series (e.g., the "Total Shares" calculation) should draw on the as-converted shares.

99% 2.000.00 Available pool (%) 10.000.00% 80.000.500.30% 100.Series B Shares Pool Increase Total post-money shares 72.551 425.000.0588 340.10 10.00 Summary pre-money capitalization Series A Common Stock Options (granted) Options (available) Total 31.000.30% 2.000.020.999.022.953 Checks: Post-money value Aggregate new pool percent Series B Percent Summary post-money capitalzation Series A Series B Common Stock Options (granted) Options (available) Total $24.000 Pre-money shares.41% 80.020.00% Post-money valuation ($) $25.00 (Cells in yellow can be changed to get different results) New money ($) $20.00% .41% 22.000 43.000.000. pre-pool value ( $ 2.00% 2.Pre-money valuation ($) $ 5.022.00% 42.500.551 425.000 42.502.500. this red Implied pre-money.000.000 1.500.000.000.000.000 1.000 340.000 10.500.00 Value of new pool ($) $ 2.953 7.502.000.00% 100.00 (While meaured as a function of the post-money.000 1.00% 31.402 10.000 (This is reduced by available pool to back out to "known" $ 0.402 41. less existing pool Price per share ($) New $ .500.850.24% 10.35% 0.

this reduces the effective pre-money so that it doesn't dilute the new money). allowing us to compare apples to applies) . ol to back out to "known" amounts.to get different results) f the post-money.

0% 0.3% 9.3% 5.0 250.502.0% 0.0 1.0 2.1% 0.0% 0.000.000.0 53.0 0.9% n/a 1.0 1.500.022.953.0% 0.551.0% 100.000.0 1.0% 0.000.2% 1.000.0% 5.7% #1 #2 #3 #4 #5 10.7% 6.0 100. Capitalization Table (Pro-Forma) Common % Common Stock Common % w/o Pool Series A[1] Series A % Series B[1] Series B % Preferred % Total Shares Total % Investors New Investor - 0.7% 0.0% 0.551.6% 0. .000.000.000.000.0% 0.0 79.0% Investor Investor Investor Investor Investor - 0.0% 0.4% 36.0% 0.0% 0.0 41.000.000.0% 0.402.000.0% 430.000.0 1.0% 0.0% 0.0 100.000.0% 0.402.000.0% 0.0% 19.0 250.0% 0.0% 340.2% - 0.000.0% 0.000.7% 9.000.0% 0.000.000.000.0 5.000.0 1.000.7% - 0.0 41.0% 9.402.0 250.0 [1] This example assumes that the Preferred converts into Common Stock at a 1:1 ratio.0% - 0.000.1% 0.000.5% 2.2% 9.0% 0. Inc.0 1.Acme.0% 1. the "Total Shares" calculation) should draw on the as-converted shares.0 1.0 0. then the Preferred columns should be expanded into a "nominal shares" column and an as-converted shares column and all calculations in which the Preferred shares are combined with the shares of any other class or series (e. If the Preferred converts into Common Stock at anything other than a 1:1 ratio.0 250.0 25.502.020.3% 340.000.000.0% 0.0% 340.3% 0.g.020.2% 0.502.0 5.0% - 0.0 25.020.2% 0.4% 68.0% 0.7% 100.0% 0.1% 10.000.000.0% 0.6% n/a 100.0% 0.0% 0.1% - 0.551.000.000.9% n/a 77.000.8% 0.0% 90.0% 2.0% Founders Founder #1 Founder #2 20__ Equity Incentive Plan Granted Option Shares Available (Ungranted) Option Shares Available Option Shares (Increase) 5.0 100.1% 27.7% 0.000..3% 9.