<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Monday, April 16, 2018 10:41 PM</td></tr><tr><td>To:</td><td>Greg Wyler</td></tr><tr><td>Subject:</td><td>Re: No subject</td></tr></table>

not

On Mon, Apr 16, 2018 at 6:36 PM, Greg wrote:

wrote:

Assuming all the debt converts (unknown)=then you are in at a 151m valuation (13,000,000 for 8.6% of the company)4=iv>

If the debt does not concert then the 13m will buy =Ioset to 10%, but I suspect some will convert. Waiting on answers from deb= holders.

Debt will be pari passu with series 2 preferred (you) so not much advantage to being debt and they then convert at=next round with higher valuation.

I certainly hop= we sell it for more than lbn. I would guess 2.3bn is reasonable, but that=will be a decision we make when the time comes.

<=r>On Apr 16, 2018, at 6:31AM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacatio=@gmail.com> > wrote:

=/div>

the cap table seems t= say if the co reaches 1 billion valuation , my investment is a 4x .=C2 ?

please =ote

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