| 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
|
|
|
No. of
Outstanding
Shares
Following
Conversion
|
|
| B |
|
|
1 |
|
|
|
3,333 |
|
|
$ |
11 |
|
|
|
— |
|
| C |
|
|
1 |
|
|
|
1,852,894 |
|
|
$ |
12,353 |
|
|
|
— |
|
| D |
|
|
3 |
|
|
|
2,213,660 |
|
|
$ |
29,516 |
|
|
|
23,449 |
|
| E |
|
|
— |
|
|
|
— |
|
|
$ |
— |
|
|
|
5,174,200 |
|
| F |
|
|
1 |
|
|
|
349,999 |
|
|
$ |
233 |
|
|
|
— |
|
| G |
|
|
2 |
|
|
|
5,202,602 |
|
|
$ |
3,468 |
|
|
|
— |
|
| H |
|
|
3 |
|
|
|
13,741 |
|
|
$ |
916 |
|
|
|
— |
|
| I |
|
|
3 |
|
|
|
48,610 |
|
|
$ |
3,241 |
|
|
|
500 |
|
| J |
|
|
5 |
|
|
|
64,442 |
|
|
$ |
42,961 |
|
|
|
— |
|
| K |
|
|
7 |
|
|
|
1,058,569 |
|
|
$ |
70,571 |
|
|
|
— |
|
| L |
|
|
3 |
|
|
|
20,000 |
|
|
$ |
5,000 |
|
|
|
10,000 |
|
| |
|
|
TOTAL: |
|
|
|
10,827,850 |
|
|
$ |
168,270 |
|
|
|
5,208,149 |
|
|