Scrudato, John (NY):

Cool Corp. Pro Forma Scrudato, John (NY):

Key Financing Terms
Please make sure to update these key financing terms (from the Series A Preferred Pro Forma Capitalization Table Once you've filled out the pro forma, this
Pre-Money Valuation $1 Term Sheet). They are used to calculate the final Series A Preferred cell has a formula that will calculate the
Post-Financing Option Pool Price, among other things. Series A Price.
0.69% Series A Preferred Price $1.00000
(%)

Scrudato, John (NY): Summary Totals

Please enter the latest allocations here. This is the Pre-Financing Post-Financing
nominal amount the investors want to put in - e.g., Holder Subscribed New $ Actual New $ Preferred % Outstanding % FD % Preferred % Outstanding %3 FD %
$1,000,000. Because the share price will likely not New Investor - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
divided evenly into this nominal "subscription"
New Investor 2 - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
amount, the actual amount the investor must pay will
be calculated automatically under "Actual New." The New Investor 3 - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Scrudato, John (NY):
"Actual New" represents the price of the greatest New Investor 4 - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
number of Series A shares whose total cost is less New Investor 5 - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% These will be calculated
than or equal to the nominal subscription amount but automatically using
Bill Braxton - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
not over. E.g. if someone wanted to invest $10 at formulas I've set up for
Alice Andra - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% you. Just make sure the
most and the share price was $3.20, they could buy a
Jimmy Guffey - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% proper allocations are
Scrudato, John (NY): maximum of 3 shares for $9.60. In this (simple) case,
Subscribed New would be $10 and the Actual New Dorene Fulcher - - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% entered above in the
would be 3 shares. Option Pool - - 0.00% 0.00% 100.00% 0.00% 0.00% 100.00% "Summary Table."
For our existing
shareholders, we'll need TOTAL: $ - - 0.00% 0.00% 100.00% 0.00% 0.00% 100.00%
to fill in their total shares
outstanding. Detailed Capitalization
Pre-Financing Post-Financing
% of Total Shares Total Shares % of Total Shares Total Shares As- % of Fully
Total Shares Authorized Total Shares Outstanding % of P/S Total Options Total Fully Diluted % of Fully Diluted Total Shares Authorized % of P/S Total Options Total Fully Diluted
Outstanding Outstanding Outstanding Converted Diluted

Common 10,000,000.00 100,000.00

Bill Braxton - 0.00% - Scrudato,- John (NY):0.00% - 0.00% - - - 0.00%
Alice Andra - 0.00% - - 0.00% - 0.00% - - - 0.00%
Don't forget to include any
Jimmy Guffey - 0.00% - -
option grants in this 0.00% - 0.00% - - - 0.00%
Dorene Fulcher - 0.00% - column. - 0.00% - 0.00% - - - 0.00%
TOTAL: - 0.00% - - 0.00% - 0.00% - - - 0.00%

Series A Preferred - -
New Investor - 0.00% 0.00% - - 0.00% - 0.00% 0.00% - - - 0.00%
New Investor 2 - 0.00% 0.00% - - 0.00% - 0.00% 0.00% - - - 0.00%
New Investor 3 - 0.00% 0.00% - - 0.00% - 0.00% 0.00% - - - 0.00%
New Investor 4 - 0.00% 0.00% - - 0.00% - 0.00% 0.00% - - - 0.00%
New Investor 5 - 0.00% 0.00% - - 0.00% - 0.00% 0.00% - - - 0.00%
TOTAL: - 0.00% 0.00% - - 0.00% - 0.00% 0.00% - - - 0.00%

Scrudato,
2020 Stock Incentive Plan John (NY): 200,000.00 1.00
Option Please
Pool fill in the new 200,000.00 200,000.00
Option Poolinvestors'
Increase names. - (199,999.00)
Total Remaining Option Pool 200,000.00 100.00% 1.00 1.00 100.00%

Total 10,000,000.00 - 0.00% 0.00% 200,000.00 100.00% 100,000.00 - 0.00% 0.00% 1.00 100.00%

590422754.xlsx 1 05/02/2022, 01:20:46