without further order of this Court to 5 2019.07.24 EFTA00073442 serve these Warrants and Orders on the Service Providers; provide copies of the Warrants and Orders or the supporting Application and Agent Affidavit as need be to personnel assisting the Government in the investigation and prosecution

without further order of this Court to 5 2019.07.24 EFTA00091754 serve these Warrants and Orders on the Service Providers; provide copies of the Warrants and Orders or the supporting Application and Agent Affidavit as need be to personnel assisting the Government in the investigation and prosecution

without further order of this Court to 5 2019.07.24 EFTA00100604 serve these Warrants and Orders on the Service Providers; provide copies of the Warrants and Orders or the supporting Application and Agent Affidavit as need be to personnel assisting the Government in the investigation and prosecution

g 30 days prior to the Expiration Date, subject to receipt by the Company of certain Alaska tax credits. Upon issuance, the shares issued under the Warrants will represent 4.5% of the outstanding shares of common stock as of July 27, 2016, subject to the issuance of (i) additional shares of common stock

without further order of this Court to 5 2019.07.24 EFTA00152351 serve these Warrants and Orders on the Service Providers; provide copies of the Warrants and Orders or the supporting Application and Agent Affidavit as need be to personnel assisting the Government in the investigation and prosecution

the Reporty deal was a $1.5MM investment total for not less than $25% of a Company with a pre-money valuation of $4.5MM. It included the issuance of Warrants to purchase additional preferred shares exercisable for 4 years after the initial closing, with one set of warrants exercisable for up to $1.5 MM a

the Reporty deal was a $1.5MM investment total for not less than $25% of a Company with a pit-money valuation of $4.5MM. It included the issuance of Warrants to purchase additional preferred shares exercisable for 4 years after the initial closing, with one set of warrants exercisable for up to $1.5 MM at

ow) ' were not exercised by the Ira estor). For the purposes of this Term Sheet, the term "Fully Diluted Basis" as used herein does not include the Warrants. Options out of the Options Pool shall be granted by the Company following the Initial Closing to those certain employees, consultants and/or direc

y). The Warrant(th will be valid for a period of 48 months after the Closing. Exercise of such Warrant( %) may be cashless at the discretion of the Warrants) holder. Use of Proceeds The Investment Amount shall be used by the Company to continue the development of the Company's technology, know-how, sal

the Company does not complete its initial Business Combination on or prior to the 24-month period allotted to complete the Business Combination, the Warrants will expire at the end of such period. If the Company is unable to deliver registered shares of common stock to the holder upon exercise of Warrant

he Units being sold in the Proposed Offering. Othenvise. the Private Placement Warrants have terms and provisions that are identical to those of the Warrants being sold as part of the Units in the Proposed Offering and have no net cash settlement provisions. If the Company does not complete a Business Co

to as the "Underlying Shares." The form of the Debentures to be issued as part of the Offering is attached hereto as Exhibit A and the form of the Warrants to be issued as part of the Offering is attached hereto as Exhibit B. The undersigned acknowledges and understands that, in connection with his, he

ar value $0.0001 per share, (whether Conversion Shares or Warrant Shares) issuable upon the conversion of the Debentures and/or the exercise of the Warrants are hereinafter sometimes referred to collectively as the "Underlying Shares.") The undersigned understands that the Company will rely upon the inf

hares of Carbyne for an aggregate e=ercise price of US$ 3,500,000. =/div> Per the last cap table that we have from Carbyne, the exercising o= these Warrants will increase the holdings % of SUM in Carbyne - from about=13% to about 26.33%, on a fully diluted basis. </=> =/u> The Warrant(s) are valid unti