| Schedule of Exchange for Conversion of Preferred Shares for Promissory Notes |
Pursuant to the terms of
the Agreements, the Company agreed to exchange the preferred shares held by the respective Converting Stockholders for promissory
notes as follows:
Series of
Preferred
Stock |
|
No. of
Converting
Holders of
Preferred
Stock |
|
|
Aggregate
No. of
Shares Held
by
Converting
Stockholders |
|
|
Aggregate
Principal
Amount of
Notes into
which
Shares
Converted |
|
| B |
|
|
1 |
|
|
|
222 |
|
|
$ |
11 |
|
| C |
|
|
1 |
|
|
|
123,526 |
|
|
$ |
12,353 |
|
| D |
|
|
3 |
|
|
|
147,577 |
|
|
$ |
29,516 |
|
| E |
|
|
— |
|
|
|
— |
|
|
$ |
— |
|
| F |
|
|
1 |
|
|
|
23,333 |
|
|
$ |
233 |
|
| G |
|
|
2 |
|
|
|
346,840 |
|
|
$ |
3,468 |
|
| H |
|
|
3 |
|
|
|
916 |
|
|
$ |
916 |
|
| I |
|
|
3 |
|
|
|
3,241 |
|
|
$ |
3,241 |
|
| J |
|
|
5 |
|
|
|
4,296 |
|
|
$ |
42,961 |
|
| K |
|
|
7 |
|
|
|
70,571 |
|
|
$ |
70,571 |
|
| L |
|
|
3 |
|
|
|
1,333 |
|
|
$ |
5,000 |
|
| |
|
|
TOTAL: |
|
|
|
721,855 |
|
|
$ |
168,270 |
|
|
Pursuant to the terms of
the Agreements, the Company agreed to exchange the preferred shares held by the respective Converting Stockholders for promissory
notes as follows:
| Series of Preferred Stock |
|
No. of Converting Holders of Preferred Stock |
|
|
Aggregate No. of Shares Held
by Converting Stockholders |
|
|
Aggregate Principal Amount of Notes into which Shares Converted |
|
| B |
|
|
1 |
|
|
|
222 |
|
|
$ |
11 |
|
| C |
|
|
1 |
|
|
|
123,526 |
|
|
$ |
12,353 |
|
| D |
|
|
3 |
|
|
|
147,577 |
|
|
$ |
29,516 |
|
| E |
|
|
— |
|
|
|
— |
|
|
$ |
— |
|
| F |
|
|
1 |
|
|
|
23,333 |
|
|
$ |
233 |
|
| G |
|
|
2 |
|
|
|
346,840 |
|
|
$ |
3,468 |
|
| H |
|
|
3 |
|
|
|
916 |
|
|
$ |
916 |
|
| I |
|
|
3 |
|
|
|
3,241 |
|
|
$ |
3,241 |
|
| J |
|
|
5 |
|
|
|
4,296 |
|
|
$ |
42,961 |
|
| K |
|
|
7 |
|
|
|
70,571 |
|
|
$ |
70,571 |
|
| L |
|
|
3 |
|
|
|
1,333 |
|
|
$ |
5,000 |
|
| |
|
|
TOTAL: |
|
|
|
721,855 |
|
|
$ |
168,270 |
|
|