EFTA01008242.pdf

From: Vincenzo Iozzo To: "Jeffrey E." <jeevacation®gmail.com> Subject: Re: Radius Deal Docs Date: Thu, 16 Aug 2018 19:35:12 +0000 Ok, out of curiosity what's wrong/missing? Sent from my Iphone On Aug 16, 2018, at 21:32, jeffrey E. <[email protected]> wrote: not good sorry pass On Thu, Aug 16, 2018 at 1:07 PM, Vincenzo Iozzo < > wrote: This is everything on the "spv", I asked them for all the radius docs as well. The terms of the spy can be negotiated Sent from my Iphone Begin forwarded message: From: Ben Forman Date: August 16, 2018 at 18:58:43 GMT+2 To: Vincenzo Iozzo Subject: Radius Deal Docs Vincenzo, A few bullets below on the transaction: - Radius is raising $10mm of Series 1-A Preferred Equity at a $10mm pre-money valuation. Following the round, there will be a rights offering for an incremental $2mm Series 1-A Preferred offered to existing common equity holders. On a fully diluted basis, the Series 1-A owns -54% of the common. - The Series 1-A will be at the top of the capital structure with a lx liquidation preference. Junior to the Series 1-A is the Series 1 Preferred tranche which is -$20mm. This was invested at $170nun pre-money and will not convert at valuations below that level. This tranche also has a lx liquidation preference and converts to common with the vote of 75%+ of the Series 1-A Preferred. EFTA01008242  - Board is authorizing —30% common equity for management pool. The Series 1-A will own 54% of the fully diluted common equity pro forma for this dilution. Best, Ben Benjamin Forman Managing l'arInt please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01008243