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Term Sheet <br /> For First Round Funding <br /> SBS Capital Fund is offering to make in investment in SolarAttic Inc. <br /> under the terms and conditions outlined below. This offer is subject <br /> to our due diligence and final approval process. <br /> Amount of$2,500,000.00 in the first year with a standby offering of an additional $2,500,000 in <br /> the second year. <br /> Offered in exchange for participating convertible preferred stock and other considerations <br /> described below. <br /> Capital Stock <br /> • SolarAttic Inc. will have 16 million, (16,000,000) shares of authorized stock, all classes including <br /> outstanding options and warrants. Of these shares, 10,9737323 (including stock options and <br /> warrants) are issued to prior existing stockholders. In consideration for the equity offered, SBS <br /> Capital Fund will purchase five million (5,000,000) shares of Series A, Participating <br /> Convertible Preferred Stock. This understanding will provide SBS Capital Fund with an <br /> effective ownership of 31.3% of SolarAttic Inc. <br /> • <br /> Ownership <br /> SBS Capital Fund is offering to provide SolarAttic Inc. with the sum of $5,000,000.00. This <br /> funding shall be paid in as follows: <br /> FUNDS SHARES <br /> First tranche $1,000,000.00 1,000,000 <br /> Second tranche $1,500,000.00 1,500,000 <br /> ipThird tranche $2,500,000.00 2,500,000 <br />