/=Demo Deal Points
//=Participants:
Company.=[G/U/Who/acme_incorporated.md]
President.=[G/U/Who/barbara_oreilly.md]
Seed.1.=[G/U/Who/andrea_ang.md]
Seed.2.=[G/U/Who/abigail_altima.md]
Seed.3.=[G/U/Who/alison_andrews.md]
KeyHolder.1.=[G/U/Who/barbara_oreilly.md]
KeyHolder.2.=[G/U/Who/geraldine_graber.md]
KeyHolder.3.=[G/U/Who/quentin_quade.md]
Director.1.=[G/U/Who/barbara_oreilly.md]
Director.2.=[G/U/Who/geraldine_graber.md]
Director.3.=[G/U/Who/solomon_shirley.md]
//=Dates:
EffectiveDate.YMD=2017-06-21
ClosingDate.YMD=2017-07-06
Law.=[G/U/Place/US/CA/San_Francisco/San_Francisco/Geo]
StockPlan.Title,Date.cl=Acme Employee Stock Plan
//=Board:
TotalBoardMemberCount.#=7
CommonBoardMemberCount.#=3
MutualConsentBoardMemberCount.#=2
SeedBoardMemberCount.#=2
//=Valuations:
Seed.PricePerShare.$=$10.00
Convert.Share.Quantity.#=10,000
LeadInvestor.By.Sec={Seed.1.US.Contract.By.Sec}
Convert.Share.Quantity.#=0
Purchaser.All.cl={Seed.1.Name.Full}, {Seed.2.Name.Full} and {Seed.3.Name.Full}
Note.InterestRate.%=8%
PremoneyValuation.$=$3,000,000
OptionPool.%=10%
CommonBoardMember.IDs.cl={KeyHolder.1.Name.Full}, {KeyHolder.2.Name.Full} and {KeyHolder.3.Name.Full}
SeedBoardMember.IDs.cl={Seed.1.Name.Full} and {Seed.2.Name.Full}
MutualConsentBoardMember.IDs.cl={Seed.3.Name.Full} and {Director.3.Name.Full}
MajorPurchaserDollarThreshold.$=$200,000
Seed.Round.Total.$=$400,000
UnallocatedPost-MoneyOptionPoolPercent.%=20%
PurchaserCounselReimbursementAmount.$=$20,000
KeyHolderVesting.Begin.YMD=2017-06-30
CommonShares IssuedAndOutstandingPre-Money.#=1,000,000
TotalPost-MoneySharesReservedForOptionPool.$=1,000,000
NumberOfIssuedAndOutstandingOptions.#=1,000,000
UnallocatedPostMoneyOptionPoolShares.#=1,000,000
Seed.1.Share.Quantity.#=20,000
Seed.1.Price.Debt.$=$0
Seed.1.Price.Cash.$=$200,000
Seed.1.Price.$=$200,000
Seed.1.Questionnaire.IndividualQualifies.ByIncome.?=YES
Seed.1.Questionnaire.By.Sec={Seed.1.US.Contract.By.Sec}
Seed.2.Share.Quantity.#=10,000
Seed.2.Price.Debt.$=$50,000
Seed.2.Price.Cash.$=$50,000
Seed.2.Price.$=$100,000
Seed.3.Share.Quantity.#=10,000
Seed.3.Price.Debt.$=$0
Seed.3.Price.Cash.$=$100,000
Seed.3.Price.$=$100,000
KeyHolder.1.Share.Quantity.#=500,000
KeyHolder.2.Share.Quantity.#=200,000
KeyHolder.3.Share.Quantity.#=100,000
Seed.Authorized.Quantity.#=1,000,000
Seed.Quantity.#=50,000
Seed.Share.Price.$=$10.00
Common.ReservedForSeedConversion.#=50,000
Share.Authorized.Quantity.#=3,000,000
Seed.Directors.Quantity.#=2
//=For a Note issuance:
Note.MaturityDate.cl=2019-06-25
Note.InterestRate.Annum.%=8%
EquityEvent.ThresholdProceeds.$=$1,000,000
Convert.PriceDiscount.%=10%
OptionalConversion.Deciders.cl={Seed.1.Name.Full} and {Seed.2.Name.Full}
Note.Series.#=One
Note.Date.YMD=2017-06-22
Note.Principal.Sum.#={Seed.1.Price.Cash.$}
Note.MaturityDate.YMD=2019-06-25
Note.Total.Principal.$={Seed.Round.Total.$}
Convert.Valuation.$=$7,000,000
RepaymentPremium.%=20%
PromissoryNote.Convert.QualifiedFinancing.PriceRatio.%=0.80
PromissoryNote.Interest.cl={PromissoryNote.Interest.Compounding.cl}
PromissoryNote.Period.cl={PromissoryNote.Period.BeforeMaturityDate.cl}
PromissoryNote.Price.cl={PromissoryNote.Price.QualifiedOrCap.cl}
PromissoryNote.Convert.Maturity.AsOf.cl={PromissoryNote.Convert.Maturity.AsOf.cl/NoteDate}
PromissoryNote.Convert.Maturity.Trigger.cl={PromissoryNote.Convert.Maturity.Trigger.Automatic.cl}
PromissoryNote.Convert.QualifiedFinancing.While.cl={PromissoryNote.Convert.QualifiedFinancing.While.cl/Maturity}
PromissoryNote.Convert.QualifiedFinancing.Price.cl={PromissoryNote.Convert.QualifiedFinancing.Price.cl/Lesser}
PromissoryNote.Convert.QualifiedFinancing.Price.cl/Cash={PromissoryNote.Convert.QualifiedFinancing.Price.cl/Cash/Discounted}
PromissoryNote.Convert.QualifiedFinancing.OutstandingWhen.cl={PromissoryNote.Convert.QualifiedFinancing.OutstandingWhen.cl/Late}
PromissoryNote.Convert.Non-QualifiedFinancing.OptionDeciders.cl={PromissoryNote.Convert.Non-QualifiedFinancing.OptionDeciders.cl/EachHolder}
PromissoryNote.Convert.Non-QualifiedFinancing.While.cl={PromissoryNote.Convert.Non-QualifiedFinancing.While.cl/Maturity}
PromissoryNote.Convert.Maturity.ConvertTo.cl={PromissoryNote.Convert.Maturity.ConvertTo.Common.cl}
PromissoryNote.Convert.ChangeOfControl.ValueAsOf.cl={PromissoryNote.Convert.ChangeOfControl.ValueAsOf.cl/TimeOfChange}
//=Company Existing:
Share.Authorized.Quantity.#=5,000,000
Common.Authorized.Quantity.#=3,000,000
Common.Par.$=$0.10
Preferred.Authorized.Quantity.#=2,000,000
Preferred.Par.$=$0.10
Company.OriginalIncorporationDate.YMD=2016-02-02
Company.Original.Name.Full={Company.Name.Full}
Company.By.Sec={Company.US.Contract.By.Sec}
KeyHolder.By.Sec={KeyHolder.1.US.Contract.By.Sec}
{KeyHolder.2.US.Contract.By.Sec}
{KeyHolder.3.US.Contract.By.Sec}
Seed.By.Sec={Seed.1.US.Contract.By.Sec}
{Seed.2.US.Contract.By.Sec}
{Seed.3.US.Contract.By.Sec}
Director.By.Sec={Director.1.US.Contract.By.Sec}
{Director.2.US.Contract.By.Sec}
{Director.3.US.Contract.By.Sec}
BoardMinutes.By.Sec={KeyHolder.2.US.Contract.By.Sec}
CertificateOfIncorporation.By.Sec={KeyHolder.2.US.Contract.By.Sec}
StockholderConsent.By.Sec={KeyHolder.1.US.Contract.By.Sec}
{KeyHolder.2.US.Contract.By.Sec}
{KeyHolder.3.US.Contract.By.Sec}
Company.Handle=Company
Sign.YMD=________________________
xSignature=________________________
Seed.1.Handle=Ang
Seed.2.Handle=Altima
Seed.3.Handle=Andrews
KeyHolder.1.Handle=O'Reilly
KeyHolder.2.Handle=Graber
KeyHolder.3.Handle=Quade
Director.1.Handle=O'Reilly
Director.2.Handle=Graber
Director.3.Handle=Shirley