| Summary of participation agreements |
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Minimum Payment |
Buyback
Premium %
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Buyback
Premium %
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CoLicensing # |
Date of Funding |
Amount Funded |
Warrants |
Term |
Exercise Price |
Revenue Share |
Threshold |
0-18 Mo |
> 18 Mo |
1 |
Apr 13, 2020 |
$ 100,000 |
3,750 |
5 Years |
9.60 |
1.500% |
$ - |
40% |
40% |
2 |
Apr 13, 2020 |
150,000 |
5,625 |
5 Years |
9.60 |
2.250% |
- |
40% |
40% |
3 |
Apr 13, 2020 |
150,000 |
5,625 |
5 Years |
9.60 |
2.250% |
- |
40% |
40% |
4 |
May 07, 2020 |
250,000 |
9,375 |
5 Years |
9.60 |
3.750% |
- |
40% |
40% |
5 |
Jun 01, 2020 |
275,000 |
10,313 |
5 Years |
8.80 |
4.125% |
82,500 |
40% |
50% |
6 |
Jun 03, 2020 |
225,000 |
8,438 |
5 Years |
8.80 |
3.375% |
67,500 |
40% |
50% |
7 |
Jul 08, 2020 |
100,000 |
3,750 |
5 Years |
9.60 |
1.500% |
30,000 |
40% |
50% |
8 |
Aug 24, 2020 |
125,000 |
4,688 |
5 Years |
9.60 |
1.875% |
37,500 |
40% |
50% |
9 |
Sep 14, 2020 |
150,000 |
5,625 |
5 Years |
9.60 |
2.250% |
45,000 |
40% |
50% |
10 |
Sep 15, 2020 |
50,000 |
1,875 |
5 Years |
9.60 |
0.750% |
15,000 |
40% |
50% |
11 |
Sep 15, 2020 |
50,000 |
1,875 |
5 Years |
9.60 |
0.750% |
15,000 |
40% |
50% |
12 |
Sep 25, 2020 |
300,000 |
5,625 |
5 Years |
9.60 |
4.500% |
420,000 |
40% |
50% |
13 |
Oct 08, 2020 |
500,000 |
18,750 |
5 Years |
9.60 |
7.500% |
150,000 |
40% |
40% |
14 |
Oct 04, 2020 |
100,000 |
3,750 |
5 Years |
9.60 |
1.500% |
40,000 |
40% |
50% |
15 |
Oct 04, 2020 |
250,000 |
9,375 |
5 Years |
9.60 |
3.750% |
- |
40% |
40% |
16 |
Oct 09, 2020 |
50,000 |
1,875 |
5 Years |
9.60 |
0.750% |
15,000 |
40% |
40% |
17 |
Dec 16, 2020 |
10,000 |
375 |
5 Years |
9.60 |
0.150% |
17,000 |
40% |
50% |
18 |
Jan 22, 2021 |
40,000 |
1,500 |
5 Years |
11.20 |
0.600% |
12,000 |
40% |
50% |
19 |
Jan 25, 2021 |
40,000 |
1,500 |
5 Years |
11.20 |
0.600% |
12,000 |
40% |
50% |
20 |
Jan 27, 2021 |
25,000 |
938 |
5 Years |
11.20 |
0.375% |
12,000 |
40% |
50% |
21 |
May 14, 2021 |
45,000 |
1,688 |
5 Years |
10.40 |
0.675% |
13,500 |
40% |
50% |
Total |
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$ 2,985,000 |
106,315 |
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44.775% |
$ 984,000 |
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