From: "jeffrey E." <jeevacationggmail.com> To: Hosain Rahman Subject: Re: Jawbone Opportunity Date: Fri, 04 Sep 2015 20:30:54 +0000 > Ok On Friday, September 4, 2015, Hosain Rahman < wrote: Jeffrey, The team is preparing the analysis we discussed yesterday for you. When can we all get on the phone and walk you through it? Thanks, Hosain On Sunday, August 30, 2015, jeffrey E. <jeevacation(dgmail.com> wrote: what do you mean imcrease my preference by9 times , I dont follow On Sun, Aug 30, 2015 at 1:37 PM, Hosain Rahman < wrote: Jeffrey, Nice to speak with you briefly. As promised, here's an update on the financing round and business: Investment Opportunity for Mort (see attached): For a $1.25M investment you will elevate all your previous common and preferred to the most senior equity preference (after convertible note) with a 1.5x preference. You currently have $5M in Series 5 preferred with -$16 in preference ahead of it and $5M in common. Closing is on Monday. Financing Round: Although our latest major investment round was later than expected, we're pleased to have BlackRock as a partner. BlackRock invested $220M in a convertible note in April and then added an additional $50M to it paired with $40M in Series 8 Preferred equity from JP Morgan and Sequoia. Now, BlackRock is obligated to invest an additional $50M if we raise an additional $35M in Series 8 Preferred by the end of August. We're offering it to Major Investors and it's structured to be a great way for holders of prior preferred to increase their preference coverage and seniority. Every investor we've spoken to has been pleasantly surprised by how advantageous the terms are: investors essentially get to increase their preference on 9x their money invested. More details on the transaction and potential for you are attached. I know Andrew Lindsay on my team has spoken to Richard Kahn about it a couple times. Team: We recently hired two exceptional business leaders to part