1002-00002
· Pinnacle Venture Fund II LP · Transaction Documents
schedule-of-investors.xlsx
DOCUMENT
Funds
[sheet: New Money Investors]
| Investor Full Legal Name | Investor Short Name | Entity Type | Jurisdiction of Organization | Address | Contact Person | Contact Title | Counsel | Number of Series A Preferred Shares | Purchase Price Per Share | Aggregate Purchase Price | Percentage of Round | Wire Instructions — Bank Name | Wire Instructions — ABA/Routing Number | Wire Instructions — Account Number | Wire Instructions — Account Name | Wire Instructions — Reference |
| Pinnacle Venture Fund II LP | Pinnacle VC | Limited Partnership | Delaware | 450 Pacific Heights Boulevard, Suite 1200, San Francisco, CA 94115 | Christine Aldridge | Partner, Deal Lead | Calderwood & Harkness LLP (555 Mission Street, Suite 3100, San Francisco, CA 94105) | 2800000 | $5.00 | $14,000,000.00 | 62.22% | [To be provided] | [To be provided] | [To be provided] | [To be provided] | Quillen Technologies Series A — Pinnacle Venture Fund II LP |
| Blackthorn Growth Fund III LP | Blackthorn | Limited Partnership | Delaware | [Address to be provided] | Diana Hershfield | Partner | Whitfield & Pryor LLP (New York, NY) | 1200000 | $5.00 | $6,000,000.00 | 26.67% | [To be provided] | [To be provided] | [To be provided] | [To be provided] | Quillen Technologies Series A — Blackthorn Growth Fund III LP |
| Stonebridge Ventures LLC | Stonebridge | LLC | New York | [Address to be provided] | Kevin Ashby | Managing Director | [None designated] | 500000 | $5.00 | $2,500,000.00 | 11.11% | [To be provided] | [To be provided] | [To be provided] | [To be provided] | Quillen Technologies Series A — Stonebridge Ventures LLC |
| TOTALS | 4500000 | $5.00 | $22,500,000.00 | 100.00% |
[sheet: Convertible Note Conversions]
| Note Holder Full Legal Name | Note Holder Short Name | Entity Type | Jurisdiction of Organization | Address | Contact Person | Contact Title | Original Principal Amount | Note Issuance Date | Interest Rate | Estimated Accrued Interest at Closing | Total Conversion Amount | Valuation Cap | Discount Rate | Cap-Derived Conversion Price | Discount-Derived Conversion Price | Applicable Conversion Price | Number of Series A Preferred Shares Issued on Conversion | Notes / Comments |
| Harborview Angel Syndicate LLC | Harborview | LLC | Massachusetts | [Address to be provided] | Margaret "Peggy" Dunlap | Managing Member | $750,000.00 | March 15, 2024 | 6% simple | $101,250.00 | $851,250.00 | $25,000,000 | 20% | $2.00 | $4.00 | $2.00 | 425625 | Cap price controls; conversion price = $25,000,000 ÷ 12,500,000 fully-diluted pre-money shares = $2.00/share |
| Caldwell Family Office LLC | Caldwell FO | LLC | Connecticut | [Address to be provided] | Nathan Caldwell | Principal | $500,000.00 | March 15, 2024 | 6% simple | $67,500.00 | $567,500.00 | $25,000,000 | 20% | $2.00 | $4.00 | $2.00 | 283750 | Cap price controls; conversion price = $2.00/share |
| Dr. Lawrence Hu | Dr. Hu | Individual | N/A | [Address to be provided] | Dr. Lawrence Hu | Angel Investor | $250,000.00 | March 15, 2024 | 6% simple | $33,750.00 | $283,750.00 | $25,000,000 | 20% | $2.00 | $4.00 | $2.00 | 141875 | Cap price controls; conversion price = $2.00/share |
| TOTALS | $1,500,000.00 | $202,500.00 | $1,702,500.00 | $2.00 | 851250 | All notes convert at $2.00/share (cap-derived price controls for all holders) |
[sheet: Summary]
| Category | Investor / Holder | Number of Series A Preferred Shares | Price Per Share | Aggregate Consideration | Form of Consideration |
| New Money | Pinnacle Venture Fund II LP | 2800000 | $5.00 | $14,000,000.00 | Cash |
| New Money | Blackthorn Growth Fund III LP | 1200000 | $5.00 | $6,000,000.00 | Cash |
| New Money | Stonebridge Ventures LLC | 500000 | $5.00 | $2,500,000.00 | Cash |
| Subtotal — New Money | 4500000 | $22,500,000.00 | |||
| Note Conversion | Harborview Angel Syndicate LLC | 425625 | $2.00 | $851,250.00 | Conversion of convertible note (principal + accrued interest) |
| Note Conversion | Caldwell Family Office LLC | 283750 | $2.00 | $567,500.00 | Conversion of convertible note (principal + accrued interest) |
| Note Conversion | Dr. Lawrence Hu | 141875 | $2.00 | $283,750.00 | Conversion of convertible note (principal + accrued interest) |
| Subtotal — Note Conversions | 851250 | $1,702,500.00 | |||
| GRAND TOTAL — All Series A Preferred | 5351250 | $24,202,500.00 |
[sheet: Wire Instructions]
| Party | Role | Bank Name | Bank Address | ABA / Routing Number | Account Number | Account Name | SWIFT Code (if applicable) | Reference / Memo | Amount to be Wired |
| Quillen Technologies, Inc. | Company — Receiving Account | Crescent National Bank | Boston, MA | [To be provided] | [To be provided] | Quillen Technologies, Inc. | [To be provided] | Series A Preferred Stock Financing — Closing | $22,500,000.00 |
| Pinnacle Venture Fund II LP | Lead Investor — Sending Account | [To be provided] | [To be provided] | [To be provided] | [To be provided] | Pinnacle Venture Fund II LP | [To be provided] | Quillen Technologies Series A — Pinnacle | $14,000,000.00 |
| Blackthorn Growth Fund III LP | Co-Investor — Sending Account | [To be provided] | [To be provided] | [To be provided] | [To be provided] | Blackthorn Growth Fund III LP | [To be provided] | Quillen Technologies Series A — Blackthorn | $6,000,000.00 |
| Stonebridge Ventures LLC | Co-Investor — Sending Account | [To be provided] | [To be provided] | [To be provided] | [To be provided] | Stonebridge Ventures LLC | [To be provided] | Quillen Technologies Series A — Stonebridge | $2,500,000.00 |
[sheet: Document Info]
| Field | Value |
| Document Title | Schedule of Investors — Series A Preferred Stock Purchase Agreement |
| Company | Quillen Technologies, Inc. |
| Company EIN | 93-4817265 |
| Company DE File Number | 7384219 |
| Company Address | 88 Garrison Street, Floor 4, Boston, MA 02116 |
| Company Registered Agent | Granite State Registered Agents, Inc., 1209 Orange Street, Wilmington, DE 19801 |
| Series A Round Size | $22,500,000 |
| Series A Price Per Share (New Money) | $5.00 |
| Convertible Note Conversion Price | $2.00 |
| Pre-Money Valuation | $57,500,000 |
| Post-Money Valuation | $80,000,000 |
| Target Closing Date | June 15, 2026 |
| Governing Law | State of Delaware |
| Prepared By | Calderwood & Harkness LLP, 555 Mission Street, Suite 3100, San Francisco, CA 94105 |
| C&H Matter Number | 1002-00002 |
| C&H Billing Code | 78412.001 |
| Responsible Partner | Rachel Bernstein |
| Company Counsel | Fenwick, Torres & Keane LLP, 200 Clarendon Street, Suite 3400, Boston, MA 02116 |
| Company Counsel Lead Partner | Gregory Navarro |
| Escrow Agent (if applicable) | Commonwealth Escrow Services, Inc., 75 Federal Street, Suite 800, Boston, MA 02110 |