Beneficient: But Not Defined Herein Shall Have The Meanings Ascribed To Them In The Purchase Agreements Or The Certificate Of Designation (as Defined Below), As Applicable. Pursuant To The Transactions, The Company S Customized Trust Vehicles Will Acquire Alternative Assets Held By Each Seller, And In Exchange For Such Alternative Assets, The Respective Seller Will Receive Shares Of The Company S Series B Resettable Convertible Preferred Stock, In One Or More Series, Par Value $0.001 Per Share (the Series B Preferred Stock ), With Such Series B Preferred Stock Being Convertible Into Shares Of The Company S Class A Common Stock, Par Value $0.001 Per Share (the Class A Common Stock ). The Number Of Shares Of Series B Preferred Stock To Be Delivered At The Closing Of Each Of The Respective Purchase Agreements Shall Be Equal To (i) The Applicable Discount Percentage Of The Closing Nav Under Each Purchase Agreement Multiplied By The Participation Percentage Of Each Respective Seller, Divided By (ii) $10.00. The Discount Percentages For Each Transaction Are As Follows: Ff Silver Venture Capital Fund, L.p. 60%; Ff Blue Private Equity Fund, L.p. 80%; And Ff Rose Venture Capital Fund, L.p 46%. Pursuant To The Transactions, The Company Expects To Issue Up To A Maximum Of $62 Million In Stated Value Of Series B Preferred Stock In The Aggregate, Subject To Participation Levels By Limited Partners Of The Sellers ( Limited Partners ), Unregistered Sales Of Equity Securities, Regulation Fd Disclosure, Exhibits And Financial Statements

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• Full name
  Beneficient
• Registration country
  USA
• Industry
  Other Financial Institutions
• М/S&P/F
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