Instructions

Be sure to download and open the spreadsheet in Excel (the circular formulas will not work in Google Sheets)
In Excel, go to File > Options > Formulas and ensure that "Enable iterative calculation" is, indeed, enabled
ot work in Google Sheets)
on" is, indeed, enabled
[________], Inc. Summary Capitalization Table
As of 05/06/2020 • Generated by Geri Kirilova ([email protected]) at 05/06/2020 07:10:41
Shares Issued
Fully Diluted Fully Diluted
Shares Authorized and
Shares Ownership
Common Stock classes Outstanding
Common Stock 29,000,000 7,917,226 7,917,226 30.2591%
Total Common Stock issued and outstanding 7,917,226 30.2591%

Preferred Stock classes

Series Seed Preferred Stock 14,000,000 13,613,374 13,613,374 52.0293%
Total Preferred Stock issued and outstanding 13,613,374 52.0293%

Convertibles
CPN Notes
Total Convertibles issued

2019 Equity Incentive Plan 4,676,424

RSAs not purchased 0.0000%
Options and RSUs issued and outstanding 2,449,622 9.3623%
Shares available for issuance under the plan 2,184,576 8.3493%

Totals 26,164,798 100.0000%

 Cash Raised

$ 270.00
$ 270.00

$ 2,899,997.52
$ 2,899,997.52

$ 1,795,000.00
$ 1,795,000.00

$ 4,695,267.52
Start Hatching, Inc. Intermediate Capitalization Table
As of 05/06/2020 • Generated by Geri Kirilova ([email protected]) at 05/06/2020 07:10:41
Series Seed
Series Seed Preferred (PS)
Stakeholder IDName Common (CS)
Preferred (PS) 1:1 Conversion
31e64ea99a6eA 24,261 24,261
Ratio
7abd9519f3d2 B 71,215 71,215
6658c4c47eb6 C 485,891 485,891
42f9e2c45f90f D 1,333,243 1,333,243
9b41d6ddb256a
E 121,420 121,420
272dba3fcc343F 22,647 22,647
c37157436ae5G 483,297 483,297
ab03bc3e6c8edH 72,494 72,494
cf50f6537751c I 3,621,198 3,621,198
14773cde8826e
J 126,910 126,910
117951abc0a18
K 345,079 345,079
5cef703e08a59L 121,420 121,420
3ed91dccf1c28M 24,261 24,261
ce680aa3a977N 237,857 237,857
f20f88d16836f O 24,284 24,284
ca2e70c5c0e2 P 237,857 237,857
e7d7274f542c7Q 22,454 22,454
463fc4796e1eaR 22,647 22,647
ff19bb9ba23d9S 24,261 24,261
a1e0cfcde9ebcT 24,261 24,261
e0b6b7ce9aa2a
U 1,783,930 1,783,930
2484cd96e353V 24,284 24,284
1e73d02951b7W 713,572 713,572
49cc4ad6c4c8 X 243,774 243,774
ebe73d7e9122Y 479,996 479,996
ddbfc1c4495f6 Z 475,714 475,714
8e43e62d5a10AA 48,008 48,008
5584dadfb9ff4 BB 22,647 22,647
018e4d33ab25CC 475,714 475,714
1673e499605eDD 594,643 594,643
31f0704d792a EE 46,908 46,908
89edfee7cfdf4 FF 1,189,286 1,189,286
a39a9190d16b4
GG 67,941 67,941
7,917,226
Other option holders
Options and RSU's issued and outstanding
Shares available for issuance under the plan
Fully diluted shares 7,917,226 13,613,374
Fully Diluted Ownership 30.2591% 52.0293%
Total Shares Outstanding 7,917,226 13,613,374
Percentage Outstanding 36.7720% 63.2280%
Price per share $ 0.42042 $ 0.42042
 Options and
RSU's
Outstanding Outstanding Fully Diluted
Outstanding Shares Fully Diluted Shares
Under 2019 Ownership Ownership
Equity Incentive 24,261 24,261 .1127% 0.0927%
Plan 71,215 71,215 .3308% 0.2722%
485,891 485,891 2.2567% 1.8570%
1,333,243 1,333,243 6.1923% 5.0956%
121,420 121,420 .5639% 0.4641%
22,647 22,647 .1052% 0.0866%
483,297 483,297 2.2447% 1.8471%
72,494 72,494 .3367% 0.2771%
3,621,198 3,621,198 16.8188% 13.8400%
126,910 126,910 .5894% 0.4850%
345,079 345,079 1.6027% 1.3189%
121,420 121,420 .5639% 0.4641%
24,261 24,261 .1127% 0.0927%
237,857 237,857 1.1047% 0.9091%
24,284 24,284 .1128% 0.0928%
237,857 237,857 1.1047% 0.9091%
22,454 22,454 .1043% 0.0858%
22,647 22,647 .1052% 0.0866%
24,261 24,261 .1127% 0.0927%
24,261 24,261 .1127% 0.0927%
 1,783,930 1,783,930 8.2856% 6.8181%
24,284 24,284 .1128% 0.0928%
713,572 713,572 3.3142% 2.7272%
243,774 243,774 1.1322% 0.9317%
479,996 479,996 2.2294% 1.8345%
475,714 475,714 2.2095% 1.8181%
48,008 48,008 .2230% 0.1835%
22,647 22,647 .1052% 0.0866%
475,714 475,714 2.2095% 1.8181%
594,643 594,643 2.7619% 2.2727%
46,908 46,908 .2179% 0.1793%
1,189,286 1,189,286 5.5237% 4.5454%
67,941 67,941 .3156% 0.2597%
7,917,226 7,917,226 36.7720% 30.2591%
2,449,622 2,449,622 .0000% 9.3623%
2,449,622
2,184,576 2,184,576 8.3493%
4,634,198 26,164,798 100.0000%
17.7116% 100.0000%
21,530,600 100.0000%
100.0000%
[________] Series A Pro Forma

POST-NOTE, PRE-SERIES A
including note conversion
Series Seed Options and Series A-1
Name Common (CS)
Preferred (PS) RSUs (notes)
A - 24,261 -
B - 71,215 -
C - 485,891 -
D - 1,333,243 -
E - 121,420 -
F - 22,647 -
G - 483,297 -
H - 72,494 -
I - 3,621,198 -
J - 126,910 -
K - 345,079 -
L - 121,420 -
M - 24,261 -
N - 237,857 -
O - 24,284 -
P - 237,857 -
Q - 22,454 -
R - 22,647 -
S - 24,261 -
T - 24,261 -
U - 1,783,930 - Err:522
V - 24,284 -
W - 713,572 - Err:522
X - 243,774 -
Y - 479,996 -
Z - 475,714 - Err:522
AA - 48,008 -
BB - 22,647 -
CC - 475,714 -
DD - 594,643 -
EE - 46,908 -
FF - 1,189,286 - Err:522
GG - 67,941 -

0 7,917,226 - -

Options and RSUs issued and outstanding - - 2,449,622

Shares available for issuance under the plan - - 2,184,576
Option pool increase, Series A

Other noteholders Err:522

Series A Investor #1

Totals 7,917,226 13,613,374 4,634,198 Err:522

check
Series A Inputs
Pre-money valuation $25,000,000
Series A raise $ 5,000,000 check
Post-money valuation $30,000,000 Err:522
Pre-money capitalization (new money): Err:522
Option pool increase 5% Err:522 assuming option pool is done pre-money in the nex
Series A Price Per Share Err:522

Series A Investors $ Amount Shares

Series A Investor #1 5,000,000 Err:522
Total 5,000,000 Err:522

Convertible Notes Inputs

Conversion date 3/1/2021
Interest rate 0%
Pre-money capitalization (notes) 26,164,798
Discount 20%
Cap 13,500,000
Principal Interest Outstanding
Noteholders Amount Issue Date Accrued Balance
Laconia $ 250,000 6/1/2020 $ - $ 250,000
VS $ 150,000 6/1/2020 $ - $ 150,000
LL $ 100,000 6/1/2020 $ - $ 100,000
OO $ 150,000 6/1/2020 $ - $ 150,000

Others $ 350,000 6/1/2020 $ - $ 350,000

Total $ 1,000,000 $ - $ 1,000,000

Founders Current FD Current FD % Post-Notes % Post-A %

RR 4779235 18.27% Err:522 Err:522
CH 3577887 13.67% Err:522 Err:522
does not include any
potential option increases
SERIES A
POST-SERIES A
nversion
Fully Series Seed Options and Series A-1
Fully Diluted Common (CS) Series A
Diluted % Preferred (PS) RSUs (notes)
24,261 Err:522 - 24,261 - -
71,215 Err:522 - 71,215 - -
485,891 Err:522 - 485,891 - -
1,333,243 Err:522 - 1,333,243 - -
121,420 Err:522 - 121,420 - -
22,647 Err:522 - 22,647 - -
483,297 Err:522 - 483,297 - -
72,494 Err:522 - 72,494 - -
3,621,198 Err:522 - 3,621,198 - -
126,910 Err:522 - 126,910 - -
345,079 Err:522 - 345,079 - -
121,420 Err:522 - 121,420 - -
24,261 Err:522 - 24,261 - -
237,857 Err:522 - 237,857 - -
24,284 Err:522 - 24,284 - -
237,857 Err:522 - 237,857 - -
22,454 Err:522 - 22,454 - -
22,647 Err:522 - 22,647 - -
24,261 Err:522 - 24,261 - -
24,261 Err:522 - 24,261 - -
Err:522 Err:522 - 1,783,930 - Err:522
24,284 Err:522 - 24,284 - -
Err:522 Err:522 - 713,572 - Err:522
243,774 Err:522 - 243,774 - -
479,996 Err:522 - 479,996 - -
Err:522 Err:522 - 475,714 - Err:522
48,008 Err:522 - 48,008 - -
22,647 Err:522 - 22,647 - -
475,714 Err:522 - 475,714 - -
594,643 Err:522 - 594,643 - -
46,908 Err:522 - 46,908 - -
Err:522 Err:522 - 1,189,286 - Err:522
67,941 Err:522 - 67,941 - -

7,917,226 Err:522 7,917,226 - - -

2,449,622 Err:522 - - 2,449,622 -

2,184,576 Err:522 - - 2,184,576 -
- - Err:522
- - - -
Err:522 Err:522 - - - Err:522
- - - -
 - Err:522 Err:522

Err:522 100.00% 7,917,226 13,613,374 Err:522 Err:522 Err:522

Err:522 check

ool is done pre-money in the next round

Price Per
Share, Price Per Price Per Conversion
Discount Share, Cap Share Shares
Err:522 $ 0.52 Err:522 Err:522
Err:522 $ 0.52 Err:522 Err:522
Err:522 $ 0.52 Err:522 Err:522
Err:522 $ 0.52 Err:522 Err:522

Err:522 $ 0.52 Err:522 Err:522

Err:522

Notes Dilution A Dilution Total Dilution

Err:522 Err:522 Err:522
Err:522 Err:522 Err:522
 Fully Diluted
Fully Diluted
%
24,261 Err:522
71,215 Err:522
485,891 Err:522
1,333,243 Err:522
121,420 Err:522
22,647 Err:522
483,297 Err:522
72,494 Err:522
3,621,198 Err:522
126,910 Err:522
345,079 Err:522
121,420 Err:522
24,261 Err:522
237,857 Err:522
24,284 Err:522
237,857 Err:522
22,454 Err:522
22,647 Err:522
24,261 Err:522
24,261 Err:522
Err:522 Err:522
24,284 Err:522
Err:522 Err:522
243,774 Err:522
479,996 Err:522
Err:522 Err:522
48,008 Err:522
22,647 Err:522
475,714 Err:522
594,643 Err:522
46,908 Err:522
Err:522 Err:522
67,941 Err:522
- Err:522
7,917,226 Err:522
- Err:522
2,449,622 Err:522
2,184,576 Err:522
Err:522 Err:522
- Err:522
Err:522 Err:522
- Err:522
Err:522 Err:522
- Err:522
Err:522 Err:522
Err:522