EFTA01008228.pdf

From: Vincenzo Iozzo To: [email protected] Subject: Fwd: Radius Deal Does Date: Thu, 16 Aug 2018 17:07:15 +0000 Attachments: Series_B_Addendum_(FINAL_8-9-18).pdf; Blocktree_Private_Opportunities_LLC_- Ist_AR LLC_Agreement_EXECUTED.pdf; Series_B_Side_Letter vF.pdf; -§ubscripjon_Agreement_-_Blocktree_Private_Opportunities_LLC.pdf; DE_Good_Standing_(Blocktree_Private_Opportunities_LLC).pdf Inline-Images: image003.jpg This is everything on the "spy", I asked them for all the radius does 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 lozzo 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 $170mm 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. - 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 Vi EFTA01008228 CONFIDENTIALITY: This communication was sent from Blocktree Capital LLC and contains information that may be confidential or privileged. The information is solely intended for the use of the addressee. If you are not the intended recipient, do not read, copy or distribute the e-mail or any attachments. If you have received this communication in error, please immediately notify the sender by telephone or by electronic mall. Neither this message nor any information included herein constitute an offer to sell or the solicitation of an offer to buy any securities or investment product, or legal, tax. accounting, or investment advice. EFTA01008229