Contract analysis
Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.
Contract analysis / funds-flow-memo.xlsx
funds-flow-memo.xlsx
High · 0
Medium · 0
Standard · 4
1. Pinnacle Venture Fund II LP — Series A Investment | Pinnacle Venture Fund II LP | Quill
1. Pinnacle Venture Fund II LP — Series A Investment | Pinnacle Venture Fund II LP | Quillen Technologies, Inc. (Crescent National Bank) | $14,000,000.00 | Wire — New Money | 2,800,000 shares of Series A Preferred at $5.00/share
2. Blackthorn Growth Fund III LP — Series A Investment | Blackthorn Growth Fund III LP | Q
2. Blackthorn Growth Fund III LP — Series A Investment | Blackthorn Growth Fund III LP | Quillen Technologies, Inc. (Crescent National Bank) | $6,000,000.00 | Wire — New Money | 1,200,000 shares of Series A Preferred at $5.00/share
3. Stonebridge Ventures LLC — Series A Investment | Stonebridge Ventures LLC | Quillen Tec
3. Stonebridge Ventures LLC — Series A Investment | Stonebridge Ventures LLC | Quillen Technologies, Inc. (Crescent National Bank) | $2,500,000.00 | Wire — New Money | 500,000 shares of Series A Preferred at $5.00/share TOTAL INFLOWS | $22,500,000.00 OUTFLOWS / OFFSETS
4. Investor Counsel Fee Reimbursement (C&H) | Quillen Technologies, Inc. | Calderwood & Ha
Standard
⚑ Commercial term
4. Investor Counsel Fee Reimbursement (C&H) | Quillen Technologies, Inc. | Calderwood & Harkness LLP | Up to $75,000.00 | Wire — Fee Offset | Netted from proceeds or paid separately; final amount per C&H closing invoice
5. Company Counsel Fees (Ostrander Solutions) | Quillen Technologies, Inc. | Fenwick, Torr
Standard
⚑ Commercial term
5. Company Counsel Fees (Ostrander Solutions) | Quillen Technologies, Inc. | Fenwick, Torres & Keane LLP | [Per Ostrander Solutions Invoice] | Company Expense | Not an investor obligation; paid from Company funds
6. Delaware Filing Fee | Quillen Technologies, Inc. | Delaware Secretary of State | $500.0
Standard
⚑ Commercial term
6. Delaware Filing Fee | Quillen Technologies, Inc. | Delaware Secretary of State | $500.00 | Company Expense | Filing fee for Amended and Restated Certificate of Incorporation ESTIMATED NET PROCEEDS TO QUILLEN | Quillen Technologies, Inc. (Crescent National Bank) | $22,425,000.00 (minimum, assuming max C&H reimbursement) | Before Company counsel and other Company expenses NON-CASH EVENTS
7. Convertible Note Conversion — Harborview Angel Syndicate LLC | N/A | N/A | $0.00 (equit
7. Convertible Note Conversion — Harborview Angel Syndicate LLC | N/A | N/A | $0.00 (equity conversion) | Note Conversion | $851,250 converts to 425,625 shares at $2.00/share
8. Convertible Note Conversion — Caldwell Family Office LLC | N/A | N/A | $0.00 (equity co
8. Convertible Note Conversion — Caldwell Family Office LLC | N/A | N/A | $0.00 (equity conversion) | Note Conversion | $567,500 converts to 283,750 shares at $2.00/share
9. Convertible Note Conversion — Dr. Lawrence Hu | N/A | N/A | $0.00 (equity conversion) |
Standard
⚑ Commercial term
9. Convertible Note Conversion — Dr. Lawrence Hu | N/A | N/A | $0.00 (equity conversion) | Note Conversion | $283,750 converts to 141,875 shares at $2.00/share TOTAL CONVERSION SHARES ISSUED | $0.00 cash | Note Conversion | Aggregate: $1,702,500 principal + interest converts into 851,250 shares of Series A Preferred at $2.00/share GRAND TOTAL — ALL SERIES A SHARES AT CLOSING | $22,500,000.00 cash; $1,702,500.00 conve