Slidebean, Inc.

Financial Model Guide

October 24, 2017

COLOR CODING
Inputs/assumptions GREY
Formulas/results BLUE
Historic facts/figures BLACK

CONTENTS
Sheet name: Description of contents:
1) CapTable Summary Capitalization table including estimated
2) FS-Annual Summary: Projected annual financial sta
3) FS-Month Summary: Projected monthly financial st
4) Revenue Business Plan: Detailed monthly revenue
5) COGS Business Plan: Detailed monthly cost of
6) SG&A Business Plan: Detailed monthly selling,
7) WK+CAPEX Business Plan: Detailed monthly working

---------------------------------------------------------------------- final line --------------------------------------

 iption of contents:
alization table including estimated Round A closing
mary: Projected annual financial statements
mary: Projected monthly financial statements
ess Plan: Detailed monthly revenue assumptions & projections
ess Plan: Detailed monthly cost of goods sold (COGS) assumptions & projections
ess Plan: Detailed monthly selling, general & administrative expenses (SG&A) assumptions & projections
ess Plan: Detailed monthly working capital (WK) & capital expenditures (CAPEX) assumptions & projections

al line ----------------------------------------------------------------------
ssumptions & projections
assumptions & projections
Slidebean Inc
Summary Spreadsheet
October 24, 2017

Consoldiated Financials

Total Revenue
COGS
SG&A
CAPEX
Total Operation Cost

Loss/Profit

Money in the bank

Months of Runway
 Marketing Budget
Monthly Budget Increase
CAC Trend
Maximum CAC
Expected MRR Churn

Hires/Salaries

New Investment
Month
Month
Month

Jan-17 Feb-17 Mar-17 Apr-17 May-17

Unit Month 0 Month 1 Month 2 Month 3 Month 4

10,631 14,525 16,423 19,062 21,508

676 789 844 921 992
 0 33,050 33,500 34,050 34,655
0 2,000 0 0 0
676 35,839 34,344 34,971 35,647

9,954 (19,370) (17,977) (15,965) (14,195)

109,954 88,640 70,718 54,809 40,669

4 4 3 3
 Variables

10% Monthly
$5.00 Increasing
$125.00
5%

Variables

Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17

Month 5 Month 6 Month 7 Month 8 Month 9 Month 10

23,799 25,968 28,042 30,047 32,004 33,933

1,058 1,121 1,181 1,239 1,296 1,352
35,321 36,053 36,858 37,744 38,718 42,790
0 0 0 0 0 0
36,379 37,174 38,039 38,983 40,014 44,142

(12,636) (11,262) (10,052) (8,992) (8,066) (10,264)

28,089 16,883 6,886 (2,049) (10,060) (20,268)

2 2 1 (0) (1) (2)
Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18
Month 11 Month 12 Month 13 Month 14 Month 15 Month 16

35,853 37,781 39,734 41,727 43,777 45,900

1,408 1,464 1,520 1,578 1,638 1,699
43,969 45,266 46,692 48,261 49,988 51,886
0 0 0 0 0 0
45,377 46,729 48,213 49,840 51,625 53,585

(9,579) (9,004) (8,534) (8,168) (7,903) (7,741)

(29,792) (38,740) (47,219) (55,331) (63,179) (70,865)

(3) (4) (6) (7) (8) (9)
 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18
Month 17 Month 18 Month 19 Month 20 Month 21 Month 22

48,223 50,838 53,772 57,053 60,714 64,790

1,766 1,842 1,927 2,023 2,129 2,247
53,975 56,272 58,800 64,580 67,638 71,001
0 0 0 0 0 0
55,741 58,115 60,727 66,602 69,766 73,248

(7,574) (7,332) (7,011) (9,605) (9,108) (8,514)

(78,383) (85,660) (92,616) (102,165) (111,217) (119,676)

(10) (12) (13) (11) (12) (14)
 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19
Month 23 Month 24 Month 25 Month 26 Month 27 Month 28

69,319 74,346 79,918 86,087 92,910 100,451

2,378 2,524 2,686 2,865 3,062 3,281
 74,701 78,772 86,249 91,174 96,591 105,550
0 0 0 0 0 0
77,080 81,296 88,934 94,038 99,653 108,831

(7,816) (7,005) (9,072) (8,007) (6,799) (8,435)

(127,436) (134,386) (143,402) (151,354) (158,097) (166,477)

(16) (19) (16) (19) (23) (20)
 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19
Month 29 Month 30 Month 31 Month 32 Month 33 Month 34

108,781 117,976 128,122 139,311 151,647 165,243

3,523 3,789 4,084 4,408 4,766 5,160
112,105 119,316 130,247 138,972 151,569 162,126
0 0 0 0 0 0
115,628 123,105 134,331 143,380 156,335 167,286

(6,902) (5,184) (6,264) (4,472) (4,743) (2,098)

(173,324) (178,452) (184,661) (189,078) (193,765) (195,807)

(25) (35) (30) (43) (41) (96)
 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20
Month 35 Month 36 Month 37 Month 38 Month 39 Month 40

180,224 196,727 214,903 234,917 256,954 281,214

5,595 6,073 6,600 7,181 7,820 8,523
176,738 192,512 209,564 228,020 248,022 269,724
0 0 0 0 0 0
182,333 198,585 216,164 235,200 255,841 278,247

(2,164) (1,914) (1,317) (283) 1,113 2,967

(197,916) (199,774) (201,035) (201,318) (200,206) (197,239)

(94) (108) (159) (711)
 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20
Month 41 Month 42 Month 43 Month 44 Month 45 Month 46

307,918 337,310 369,658 405,257 444,430 487,536

9,298 10,150 11,088 12,120 13,256 14,507
293,296 318,926 349,819 380,200 416,320 455,453
0 0 0 0 0 0
302,594 329,076 360,907 392,321 429,577 469,959

5,324 8,234 8,752 12,936 14,853 17,577

(191,915) (183,681) (174,929) (161,993) (147,140) (129,563)

 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21
Month 47 Month 48 Month 49 Month 50 Month 51 Month 52

534,965 587,150 644,566 707,734 777,231 853,688

15,882 17,395 19,060 20,892 22,908 25,125
497,898 543,988 597,086 654,595 716,954 784,650
0 0 0 0 0 0
513,780 561,383 616,147 675,487 739,862 809,775

21,185 25,767 28,419 5,419 37,369 43,914

(108,378) (82,611) (54,192) (48,773) (11,404) 32,510

 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21
Month 53 Month 54 Month 55 Month 56 Month 57 Month 58

937,801 1,030,335 1,132,131 1,244,115 1,367,305 1,502,822

27,564 30,248 33,200 36,447 40,020 43,950
861,215 944,236 1,037,360 1,138,296 1,250,825 1,372,808
0 0 0 0 0 0
888,779 974,484 1,070,560 1,174,743 1,290,845 1,416,758

49,022 55,851 61,571 69,371 76,460 86,065

81,532 137,383 198,954 268,325 344,785 430,849

 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22
Month 59 Month 60 Month 61 Month 62 Month 63

1,651,899 1,815,889 1,996,286 2,194,729 2,413,021

48,273 53,029 58,260 64,015 70,346
1,505,189 1,655,008 1,817,408 1,996,649 2,194,114
0 0 0 0 0
1,553,462 1,708,036 1,875,669 2,060,664 2,264,460

98,437 107,853 120,617 (65,283) 148,562

529,286 637,139 757,757 692,474 841,035

11
May-22 Jun-22 Jul-22 Aug-22 Sep-22
Month 64 Month 65 Month 66 Month 67 Month 68

2,653,149 2,917,295 3,207,861 3,527,488 3,879,082

77,309 84,970 93,396 102,665 112,861
2,408,325 2,646,958 2,908,854 3,199,039 3,516,743
0 0 0 0 0
2,485,635 2,731,927 3,002,250 3,301,704 3,629,604

167,514 185,367 205,611 225,783 249,477

1,008,550 1,193,917 1,399,528 1,625,311 1,874,789

 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Month 69 Month 70 Month 71 Month 72 Month 73

4,265,840 4,691,278 5,159,264 5,674,052 6,240,323

124,077 136,415 149,987 164,916 181,337
3,864,417 4,247,759 4,669,735 5,133,608 5,645,969
0 0 0 0 59
3,988,495 4,384,174 4,819,722 5,298,524 5,827,366

277,345 307,104 339,542 375,528 412,945

2,152,134 2,459,238 2,798,780 3,174,309 3,587,266

 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Month 74 Month 75 Month 76 Month 77 Month 78

6,863,224 7,548,418 8,302,135 9,131,227 10,043,230

199,401 219,272 241,130 265,174 291,622
6,207,766 6,826,343 7,506,477 8,253,425 9,075,967
0 0 0 0 0
6,407,168 7,045,615 7,747,607 8,518,598 9,367,589

(284,596) 502,803 554,528 612,629 675,641

3,302,670 3,805,473 4,360,002 4,972,630 5,648,272

12
Aug-23 Sep-23 Oct-23 Nov-23 Dec-23
Month 79 Month 80 Month 81 Month 82 Month 83

11,046,437 12,149,966 13,363,851 14,699,127 16,167,932

320,715 352,717 387,920 426,643 469,238
 9,980,464 10,976,910 12,070,001 13,274,201 14,601,821
0 0 0 0 0
10,301,178 11,329,627 12,457,921 13,700,844 15,071,059

745,258 820,339 905,930 998,283 1,096,873

6,393,530 7,213,869 8,119,799 9,118,082 10,214,954

Slidebean Inc Key Assumptions:
Consolidated Financials - Monthly 1)
October 24, 2017 2)
3)
Jan-17
Unit Month 0

INCOME STATEMENT
Revenue USD 10,631
Sales Channel I (SaaS Example) USD 10,631
Sales Channel II USD 0
Sales Channel III USD 0

TOTAL COGS USD 676

CATEGORY #1: Web Services - Flat USD 40
CATEGORY #2: Web Services - Scalable USD 249
CATEGORY #3: Other USD 79
CATEGORY #4: Credit Card/Stripe Fees USD 308
Gross Profit USD 9,954
Gross margin 93.6%

SG&A USD 0
Payroll USD 0
Marketing USD 0
Online Tools - Growth USD 0
Online Tools - Team/Ops USD 0
Advisory & Prof. Services USD 0
Rent USD 0
Tech support USD 0
Insurance USD 0
Utilities USD 0
Other USD 0
EBITDA USD 9,954
EBITDA margin 93.6%
D&A USD 0
EBIT USD 9,954
EBIT margin 93.6%
Interest expense USD 0
Income taxes USD
Net income USD 9,954
Net margin 93.6%

BALANCE SHEET

PP&E (net) USD 0

Intangible assets USD
Investments USD
Other assets (net) USD
Non-Current Assets USD 0
Total Assets USD 0

Common equity USD 100,000

Net earnings USD 9,954
Retained earnings USD 0
Total Equity USD 109,954
Total Liabilities + Equity USD 109,954
Check 109,954.3

Initial Investment
CASH FLOW
Initial cash balance USD 0
Cash infusions USD 100,000
Capital calls (share of commitment) %
Investor Cash USD 0
Operating change in cash USD 9,954
Net income USD 9,954
(+) D&A USD 0
(-) CAPEX USD 0
(+) Change in debt USD 0
(-) Dividends USD
Ending cash balance USD 109,954
Months of runway
Total capital requirements USD (201,318)
CAPEX
Working capital
Operating results

VALUATION
EBIT USD 9,954
(-) Taxex USD 0
EBIAT USD 9,954
(+) D&A USD 0
Gross cash flow USD 9,954
(-) Change in WC USD
(-) CAPEX USD
Free chash flow USD 9,954
Assumptions:
4)
5)
6)
Feb-17 Mar-17 Apr-17 May-17 Jun-17
Month 1 Month 2 Month 3 Month 4 Month 5

14,525 16,423 19,062 21,508 23,799

14,525 16,423 19,062 21,508 23,799
0 0 0 0 0
0 0 0 0 0

789 844 921 992 1,058

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
421 476 553 624 690
13,735 15,578 18,141 20,516 22,741
94.6% 94.9% 95.2% 95.4% 95.6%

33,050 33,500 34,050 34,655 35,321

27,000 27,000 27,000 27,000 27,000
6,000 6,500 7,050 7,655 8,321
50 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(19,315) (17,922) (15,909) (14,139) (12,580)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
(19,370) (17,977) (15,965) (14,195) (12,636)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0

(19,370) (17,977) (15,965) (14,195) (12,636)

0.0% 0.0% 0.0% 0.0% 0.0%

1,944 1,889 1,833 1,778 1,722

1,944 1,889 1,833 1,778 1,722

1,944 1,889 1,833 1,778 1,722

100,000 100,000 100,000 100,000 100,000

(19,370) (17,977) (15,965) (14,195) (12,636)
9,954 (9,416) (27,393) (43,358) (57,553)
90,584 72,607 56,642 42,447 29,812
90,584 72,607 56,642 42,447 29,812
88,639.6 70,717.9 54,808.6 40,669.3 28,089.3

109,954 88,640 70,718 54,809 40,669

0 0 0 0 0

0 0 0 0 0
(21,315) (17,922) (15,909) (14,139) (12,580)
(19,370) (17,977) (15,965) (14,195) (12,636)
56 56 56 56 56
2,000 0 0 0 0
0 0 0 0 0

88,640 70,718 54,809 40,669 28,089

4 4 3 3 2
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(9,360) (27,282) (43,191) (57,331) (69,911)

(19,370) (17,977) (15,965) (14,195) (12,636)

0 0 0 0 0
(19,370) (17,977) (15,965) (14,195) (12,636)
56 56 56 56 56
(19,315) (17,922) (15,909) (14,139) (12,580)

(19,315) (17,922) (15,909) (14,139) (12,580)

7)
8)
9)
Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
Month 6 Month 7 Month 8 Month 9 Month 10

25,968 28,042 30,047 32,004 33,933

25,968 28,042 30,047 32,004 33,933
0 0 0 0 0
0 0 0 0 0

1,121 1,181 1,239 1,296 1,352

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
753 813 871 928 984
24,847 26,861 28,808 30,708 32,581
95.7% 95.8% 95.9% 96.0% 96.0%

36,053 36,858 37,744 38,718 42,790

27,000 27,000 27,000 27,000 30,000
9,053 9,858 10,744 11,718 12,790
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(11,206) (9,997) (8,936) (8,010) (10,209)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
 (11,262) (10,052) (8,992) (8,066) (10,264)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0
0
(11,262) (10,052) (8,992) (8,066) (10,264)
0.0% 0.0% 0.0% 0.0% 0.0%

1,667 1,611 1,556 1,500 1,444

1,667 1,611 1,556 1,500 1,444

1,667 1,611 1,556 1,500 1,444

100,000 100,000 100,000 100,000 100,000

(11,262) (10,052) (8,992) (8,066) (10,264)
(70,188) (81,450) (91,502) (100,494) (108,560)
18,550 8,498 (494) (8,560) (18,824)
18,550 8,498 (494) (8,560) (18,824)
16,883.3 6,886.5 (2,049.5) (10,059.6) (20,268.3)

28,089 16,883 6,886 (2,049) (10,060)

0 0 0 0 0

0 0 0 0 0
(11,206) (9,997) (8,936) (8,010) (10,209)
(11,262) (10,052) (8,992) (8,066) (10,264)
56 56 56 56 56
0 0 0 0 0
0 0 0 0 0

16,883 6,886 (2,049) (10,060) (20,268)

2 1 (0) (1) (2)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(81,117) (91,114) (100,049) (108,060) (118,268)

(11,262) (10,052) (8,992) (8,066) (10,264)

0 0 0 0 0
(11,262) (10,052) (8,992) (8,066) (10,264)
56 56 56 56 56
(11,206) (9,997) (8,936) (8,010) (10,209)

(11,206) (9,997) (8,936) (8,010) (10,209)

Dec-17 Jan-18 Feb-18 Mar-18 Apr-18
Month 11 Month 12 Month 13 Month 14 Month 15

35,853 37,781 39,734 41,727 43,777

35,853 37,781 39,734 41,727 43,777
0 0 0 0 0
0 0 0 0 0

1,408 1,464 1,520 1,578 1,638

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
1,040 1,096 1,152 1,210 1,270
34,445 36,317 38,213 40,149 42,140
96.1% 96.1% 96.2% 96.2% 96.3%

43,969 45,266 46,692 48,261 49,988

30,000 30,000 30,000 30,000 30,000
13,969 15,266 16,692 18,261 19,988
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(9,524) (8,948) (8,479) (8,112) (7,848)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
 (9,579) (9,004) (8,534) (8,168) (7,903)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0

(9,579) (9,004) (8,534) (8,168) (7,903)

0.0% 0.0% 0.0% 0.0% 0.0%

1,389 1,333 1,278 1,222 1,167

1,389 1,333 1,278 1,222 1,167

1,389 1,333 1,278 1,222 1,167

100,000 100,000 100,000 100,000 100,000

(9,579) (9,004) (8,534) (8,168) (7,903)
(118,824) (128,403) (137,407) (145,941) (154,109)
(28,403) (37,407) (45,941) (54,109) (62,012)
(28,403) (37,407) (45,941) (54,109) (62,012)
(29,791.8) (38,740.2) (47,218.9) (55,331.2) (63,178.9)

(20,268) (29,792) (38,740) (47,219) (55,331)

0 0 0 0 0

0 0 0 0 0
(9,524) (8,948) (8,479) (8,112) (7,848)
(9,579) (9,004) (8,534) (8,168) (7,903)
56 56 56 56 56
0 0 0 0 0
0 0 0 0 0

(29,792) (38,740) (47,219) (55,331) (63,179)

(3) (4) (6) (7) (8)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(127,792) (136,740) (145,219) (153,331) (161,179)

(9,579) (9,004) (8,534) (8,168) (7,903)

0 0 0 0 0
(9,579) (9,004) (8,534) (8,168) (7,903)
56 56 56 56 56
(9,524) (8,948) (8,479) (8,112) (7,848)

(9,524) (8,948) (8,479) (8,112) (7,848)

May-18 Jun-18 Jul-18 Aug-18 Sep-18
Month 16 Month 17 Month 18 Month 19 Month 20

45,900 48,223 50,838 53,772 57,053

45,900 48,223 50,838 53,772 57,053
0 0 0 0 0
0 0 0 0 0

1,699 1,766 1,842 1,927 2,023

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
1,331 1,398 1,474 1,559 1,655
44,201 46,456 48,996 51,844 55,030
96.3% 96.3% 96.4% 96.4% 96.5%

51,886 53,975 56,272 58,800 64,580

30,000 30,000 30,000 30,000 33,000
21,886 23,975 26,272 28,800 31,580
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(7,686) (7,519) (7,277) (6,955) (9,549)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
 (7,741) (7,574) (7,332) (7,011) (9,605)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0
0
(7,741) (7,574) (7,332) (7,011) (9,605)
0.0% 0.0% 0.0% 0.0% 0.0%

1,111 1,056 1,000 944 889

1,111 1,056 1,000 944 889

1,111 1,056 1,000 944 889

100,000 100,000 100,000 100,000 100,000

(7,741) (7,574) (7,332) (7,011) (9,605)
(162,012) (169,753) (177,328) (184,660) (191,671)
(69,753) (77,328) (84,660) (91,671) (101,276)
(69,753) (77,328) (84,660) (91,671) (101,276)
(70,864.6) (78,383.3) (85,660.2) (92,615.6) (102,164.9)

(63,179) (70,865) (78,383) (85,660) (92,616)

0 0 0 0 0

0 0 0 0 0
(7,686) (7,519) (7,277) (6,955) (9,549)
(7,741) (7,574) (7,332) (7,011) (9,605)
56 56 56 56 56
0 0 0 0 0
0 0 0 0 0

(70,865) (78,383) (85,660) (92,616) (102,165)

(9) (10) (12) (13) (11)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(168,865) (176,383) (183,660) (190,616) (200,165)

(7,741) (7,574) (7,332) (7,011) (9,605)

0 0 0 0 0
(7,741) (7,574) (7,332) (7,011) (9,605)
56 56 56 56 56
(7,686) (7,519) (7,277) (6,955) (9,549)

(7,686) (7,519) (7,277) (6,955) (9,549)

 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Month 21 Month 22 Month 23 Month 24 Month 25

60,714 64,790 69,319 74,346 79,918

60,714 64,790 69,319 74,346 79,918
0 0 0 0 0
0 0 0 0 0

2,129 2,247 2,378 2,524 2,686

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
1,761 1,879 2,010 2,156 2,318
58,585 62,543 66,941 71,822 77,232
96.5% 96.5% 96.6% 96.6% 96.6%

67,638 71,001 74,701 78,772 86,249

33,000 33,000 33,000 33,000 36,000
34,638 38,001 41,701 45,772 50,249
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(9,053) (8,459) (7,760) (6,949) (9,016)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
 (9,108) (8,514) (7,816) (7,005) (9,072)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0

(9,108) (8,514) (7,816) (7,005) (9,072)

0.0% 0.0% 0.0% 0.0% 0.0%

833 778 722 667 611

833 778 722 667 611

833 778 722 667 611

100,000 100,000 100,000 100,000 100,000

(9,108) (8,514) (7,816) (7,005) (9,072)
(201,276) (210,384) (218,898) (226,714) (233,719)
(110,384) (118,898) (126,714) (133,719) (142,791)
(110,384) (118,898) (126,714) (133,719) (142,791)
(111,217.5) (119,676.1) (127,436.4) (134,385.6) (143,402.0)

(102,165) (111,217) (119,676) (127,436) (134,386)

0 0 0 0 0

0 0 0 0 0
(9,053) (8,459) (7,760) (6,949) (9,016)
(9,108) (8,514) (7,816) (7,005) (9,072)
56 56 56 56 56
0 0 0 0 0
0 0 0 0 0

(111,217) (119,676) (127,436) (134,386) (143,402)

(12) (14) (16) (19) (16)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(209,217) (217,676) (225,436) (232,386) (241,402)

(9,108) (8,514) (7,816) (7,005) (9,072)

0 0 0 0 0
(9,108) (8,514) (7,816) (7,005) (9,072)
56 56 56 56 56
(9,053) (8,459) (7,760) (6,949) (9,016)

(9,053) (8,459) (7,760) (6,949) (9,016)

 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Month 26 Month 27 Month 28 Month 29 Month 30

86,087 92,910 100,451 108,781 117,976

86,087 92,910 100,451 108,781 117,976
0 0 0 0 0
0 0 0 0 0

2,865 3,062 3,281 3,523 3,789

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
2,497 2,694 2,913 3,155 3,421
83,222 89,847 97,170 105,258 114,187
96.7% 96.7% 96.7% 96.8% 96.8%

91,174 96,591 105,550 112,105 119,316

36,000 36,000 39,000 39,000 39,000
55,174 60,591 66,550 73,105 80,316
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(7,952) (6,744) (8,380) (6,847) (5,129)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
 (8,007) (6,799) (8,435) (6,902) (5,184)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0

(8,007) (6,799) (8,435) (6,902) (5,184)

0.0% 0.0% 0.0% 0.0% 0.0%

556 500 444 389 333

556 500 444 389 333

556 500 444 389 333

100,000 100,000 100,000 100,000 100,000

(8,007) (6,799) (8,435) (6,902) (5,184)
(242,791) (250,798) (257,597) (266,032) (272,935)
(150,798) (157,597) (166,032) (172,935) (178,119)
(150,798) (157,597) (166,032) (172,935) (178,119)
(151,353.6) (158,097.1) (166,476.9) (173,323.6) (178,452.1)

(143,402) (151,354) (158,097) (166,477) (173,324)

0 0 0 0 0

0 0 0 0 0
(7,952) (6,744) (8,380) (6,847) (5,129)
(8,007) (6,799) (8,435) (6,902) (5,184)
56 56 56 56 56
0 0 0 0 0
0 0 0 0 0

(151,354) (158,097) (166,477) (173,324) (178,452)

(19) (23) (20) (25) (35)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(249,354) (256,097) (264,477) (271,324) (276,452)

(8,007) (6,799) (8,435) (6,902) (5,184)

0 0 0 0 0
(8,007) (6,799) (8,435) (6,902) (5,184)
56 56 56 56 56
(7,952) (6,744) (8,380) (6,847) (5,129)

(7,952) (6,744) (8,380) (6,847) (5,129)

Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
Month 31 Month 32 Month 33 Month 34 Month 35

128,122 139,311 151,647 165,243 180,224

128,122 139,311 151,647 165,243 180,224
0 0 0 0 0
0 0 0 0 0

4,084 4,408 4,766 5,160 5,595

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
3,716 4,040 4,398 4,792 5,227
124,038 134,903 146,882 160,083 174,630
96.8% 96.8% 96.9% 96.9% 96.9%

130,247 138,972 151,569 162,126 176,738

42,000 42,000 45,000 45,000 48,000
88,247 96,972 106,569 117,126 128,738
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(6,209) (4,069) (4,687) (2,042) (2,109)
0.0% 0.0% 0.0% 0.0% 0.0%
56 56 56 56 56
 (6,264) (4,124) (4,743) (2,098) (2,164)
0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0
348
(6,264) (4,472) (4,743) (2,098) (2,164)
0.0% 0.0% 0.0% 0.0% 0.0%

278 222 167 111 56

278 222 167 111 56

278 222 167 111 56

100,000 100,000 100,000 100,000 100,000

(6,264) (4,472) (4,743) (2,098) (2,164)
(278,119) (284,383) (288,855) (293,598) (295,696)
(184,383) (188,855) (193,598) (195,696) (197,861)
(184,383) (188,855) (193,598) (195,696) (197,861)
(184,660.9) (189,077.5) (193,765.0) (195,807.5) (197,916.2)

(178,452) (184,661) (189,078) (193,765) (195,807)

0 0 0 0 0

0 0 0 0 0
(6,209) (4,417) (4,687) (2,042) (2,109)
(6,264) (4,472) (4,743) (2,098) (2,164)
56 56 56 56 56
0 0 0 0 0
0 0 0 0 0

(184,661) (189,078) (193,765) (195,807) (197,916)

(30) (43) (41) (96) (94)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(282,661) (287,078) (291,765) (293,807) (295,916)

(6,264) (4,124) (4,743) (2,098) (2,164)

0 348 0 0 0
(6,264) (4,472) (4,743) (2,098) (2,164)
56 56 56 56 56
(6,209) (4,417) (4,687) (2,042) (2,109)

(6,209) (4,417) (4,687) (2,042) (2,109)

 Jan-20 Feb-20 Mar-20 Apr-20 May-20
Month 36 Month 37 Month 38 Month 39 Month 40

196,727 214,903 234,917 256,954 281,214

196,727 214,903 234,917 256,954 281,214
0 0 0 0 0
0 0 0 0 0

6,073 6,600 7,181 7,820 8,523

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
5,705 6,232 6,813 7,452 8,155
190,654 208,303 227,737 249,134 272,691
96.9% 96.9% 96.9% 97.0% 97.0%

192,512 209,564 228,020 248,022 269,724

51,000 54,000 57,000 60,000 63,000
141,512 155,564 171,020 188,022 206,724
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(1,858) (1,261) (283) 1,113 2,967
0.0% 0.0% 0.0% 0.4% 1.1%
56 56 0 0 0
 (1,914) (1,317) (283) 1,113 2,967
0.0% 0.0% 0.0% 0.4% 1.1%
0 0 0 0 0

(1,914) (1,317) (283) 1,113 2,967

0.0% 0.0% 0.0% 0.4% 1.1%

0 (56) (56) (56) (56)

0 (56) (56) (56) (56)

0 (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

(1,914) (1,317) (283) 1,113 2,967
(297,861) (299,774) (301,091) (301,374) (300,261)
(199,774) (201,091) (201,374) (200,261) (197,295)
(199,774) (201,091) (201,374) (200,261) (197,295)
(199,774.5) (201,035.5) (201,318.4) (200,205.7) (197,239.0)

(197,916) (199,774) (201,035) (201,318) (200,206)

0 0 0 0 0

0 0 0 0 0
(1,858) (1,261) (283) 1,113 2,967
(1,914) (1,317) (283) 1,113 2,967
56 56 0 0 0
0 0 0 0 0
0 0 0 0 0

(199,774) (201,035) (201,318) (200,206) (197,239)

(108) (159) (711)
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(297,774) (299,035) (299,318) (298,206) (295,239)

(1,914) (1,317) (283) 1,113 2,967

0 0 0 0 0
(1,914) (1,317) (283) 1,113 2,967
56 56 0 0 0
(1,858) (1,261) (283) 1,113 2,967

(1,858) (1,261) (283) 1,113 2,967

 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
Month 41 Month 42 Month 43 Month 44 Month 45

307,918 337,310 369,658 405,257 444,430

307,918 337,310 369,658 405,257 444,430
0 0 0 0 0
0 0 0 0 0

9,298 10,150 11,088 12,120 13,256

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
8,930 9,782 10,720 11,752 12,888
298,621 327,160 358,570 393,136 431,174
97.0% 97.0% 97.0% 97.0% 97.0%

293,296 318,926 349,819 380,200 416,320

66,000 69,000 75,000 78,000 84,000
227,296 249,926 274,819 302,200 332,320
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
5,324 8,234 8,752 12,936 14,853
1.7% 2.4% 2.4% 3.2% 3.3%
0 0 0 0 0
 5,324 8,234 8,752 12,936 14,853
1.7% 2.4% 2.4% 3.2% 3.3%
0 0 0 0 0
0
5,324 8,234 8,752 12,936 14,853
1.7% 2.4% 2.4% 3.2% 3.3%

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

5,324 8,234 8,752 12,936 14,853
(297,295) (291,970) (283,736) (274,985) (262,049)
(191,970) (183,736) (174,985) (162,049) (147,195)
(191,970) (183,736) (174,985) (162,049) (147,195)
(191,914.9) (183,680.6) (174,929.0) (161,993.0) (147,139.5)

(197,239) (191,915) (183,681) (174,929) (161,993)

0 0 0 0 0

0 0 0 0 0
5,324 8,234 8,752 12,936 14,853
5,324 8,234 8,752 12,936 14,853
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

(191,915) (183,681) (174,929) (161,993) (147,140)

 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(289,915) (281,681) (272,929) (259,993) (245,140)

5,324 8,234 8,752 12,936 14,853

0 0 0 0 0
5,324 8,234 8,752 12,936 14,853
0 0 0 0 0
5,324 8,234 8,752 12,936 14,853

5,324 8,234 8,752 12,936 14,853

 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21
Month 46 Month 47 Month 48 Month 49 Month 50

487,536 534,965 587,150 644,566 707,734

487,536 534,965 587,150 644,566 707,734
0 0 0 0 0
0 0 0 0 0

14,507 15,882 17,395 19,060 20,892

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
14,139 15,514 17,027 18,692 20,524
473,029 519,083 569,754 625,505 686,842
97.0% 97.0% 97.0% 97.0% 97.0%

455,453 497,898 543,988 597,086 654,595

90,000 96,000 102,000 111,000 120,000
365,453 401,898 441,988 486,086 534,595
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
17,577 21,185 25,767 28,419 32,247
3.6% 4.0% 4.4% 4.4% 4.6%
0 0 0 0 0
 17,577 21,185 25,767 28,419 32,247
3.6% 4.0% 4.4% 4.4% 4.6%
0 0 0 0 0
26,828
17,577 21,185 25,767 28,419 5,419
3.6% 4.0% 4.4% 4.4% 0.8%

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

17,577 21,185 25,767 28,419 5,419
(247,195) (229,619) (208,434) (182,667) (154,248)
(129,619) (108,434) (82,667) (54,248) (48,829)
(129,619) (108,434) (82,667) (54,248) (48,829)
(129,563.0) (108,378.0) (82,611.1) (54,192.2) (48,773.1)

(147,140) (129,563) (108,378) (82,611) (54,192)

0 0 0 0 0

0 0 0 0 0
17,577 21,185 25,767 28,419 5,419
17,577 21,185 25,767 28,419 5,419
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

(129,563) (108,378) (82,611) (54,192) (48,773)

 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(227,563) (206,378) (180,611) (152,192) (146,773)

17,577 21,185 25,767 28,419 32,247

0 0 0 0 26,828
17,577 21,185 25,767 28,419 5,419
0 0 0 0 0
17,577 21,185 25,767 28,419 5,419

17,577 21,185 25,767 28,419 5,419

 Apr-21 May-21 Jun-21 Jul-21 Aug-21
Month 51 Month 52 Month 53 Month 54 Month 55

777,231 853,688 937,801 1,030,335 1,132,131

777,231 853,688 937,801 1,030,335 1,132,131
0 0 0 0 0
0 0 0 0 0

22,908 25,125 27,564 30,248 33,200

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
22,540 24,757 27,196 29,880 32,832
754,324 828,563 910,237 1,000,087 1,098,931
97.1% 97.1% 97.1% 97.1% 97.1%

716,954 784,650 861,215 944,236 1,037,360

129,000 138,000 150,000 162,000 177,000
587,954 646,650 711,215 782,236 860,360
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
37,369 43,914 49,022 55,851 61,571
4.8% 5.1% 5.2% 5.4% 5.4%
0 0 0 0 0
 37,369 43,914 49,022 55,851 61,571
4.8% 5.1% 5.2% 5.4% 5.4%
0 0 0 0 0

37,369 43,914 49,022 55,851 61,571

4.8% 5.1% 5.2% 5.4% 5.4%

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

37,369 43,914 49,022 55,851 61,571
(148,829) (111,459) (67,546) (18,523) 37,327
(11,459) 32,454 81,477 137,327 198,898
(11,459) 32,454 81,477 137,327 198,898
(11,403.8) 32,509.9 81,532.1 137,382.9 198,953.8

(48,773) (11,404) 32,510 81,532 137,383

0 0 0 0 0

0 0 0 0 0
37,369 43,914 49,022 55,851 61,571
37,369 43,914 49,022 55,851 61,571
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

(11,404) 32,510 81,532 137,383 198,954

 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
(109,404) (65,490) (16,468) 39,383 100,954

37,369 43,914 49,022 55,851 61,571

0 0 0 0 0
37,369 43,914 49,022 55,851 61,571
0 0 0 0 0
37,369 43,914 49,022 55,851 61,571

37,369 43,914 49,022 55,851 61,571

 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22
Month 56 Month 57 Month 58 Month 59 Month 60

1,244,115 1,367,305 1,502,822 1,651,899 1,815,889

1,244,115 1,367,305 1,502,822 1,651,899 1,815,889
0 0 0 0 0
0 0 0 0 0

36,447 40,020 43,950 48,273 53,029

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
36,079 39,652 43,582 47,905 52,661
1,207,667 1,327,285 1,458,872 1,603,626 1,762,861
97.1% 97.1% 97.1% 97.1% 97.1%

1,138,296 1,250,825 1,372,808 1,505,189 1,655,008

192,000 210,000 228,000 246,000 270,000
946,296 1,040,825 1,144,808 1,259,189 1,385,008
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
69,371 76,460 86,065 98,437 107,853
5.6% 5.6% 5.7% 6.0% 5.9%
0 0 0 0 0
 69,371 76,460 86,065 98,437 107,853
5.6% 5.6% 5.7% 6.0% 5.9%
0 0 0 0 0

69,371 76,460 86,065 98,437 107,853

5.6% 5.6% 5.7% 6.0% 5.9%

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

69,371 76,460 86,065 98,437 107,853
98,898 168,270 244,729 330,794 429,231
268,270 344,729 430,794 529,231 637,084
268,270 344,729 430,794 529,231 637,084
268,325.2 344,785.0 430,849.5 529,286.3 637,139.4

198,954 268,325 344,785 430,849 529,286

0 0 0 0 0

0 0 0 0 0
69,371 76,460 86,065 98,437 107,853
69,371 76,460 86,065 98,437 107,853
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

268,325 344,785 430,849 529,286 637,139

 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
170,325 246,785 332,849 431,286 539,139

69,371 76,460 86,065 98,437 107,853

0 0 0 0 0
69,371 76,460 86,065 98,437 107,853
0 0 0 0 0
69,371 76,460 86,065 98,437 107,853

69,371 76,460 86,065 98,437 107,853

 Feb-22 Mar-22 Apr-22 May-22 Jun-22
Month 61 Month 62 Month 63 Month 64 Month 65

1,996,286 2,194,729 2,413,021 2,653,149 2,917,295

1,996,286 2,194,729 2,413,021 2,653,149 2,917,295
0 0 0 0 0
0 0 0 0 0

58,260 64,015 70,346 77,309 84,970

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
57,892 63,647 69,978 76,941 84,602
1,938,026 2,130,713 2,342,676 2,575,840 2,832,325
97.1% 97.1% 97.1% 97.1% 97.1%

1,817,408 1,996,649 2,194,114 2,408,325 2,646,958

294,000 321,000 351,000 381,000 417,000
1,523,408 1,675,649 1,843,114 2,027,325 2,229,958
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
120,617 134,064 148,562 167,514 185,367
6.0% 6.1% 6.2% 6.3% 6.4%
0 0 0 0 0
 120,617 134,064 148,562 167,514 185,367
6.0% 6.1% 6.2% 6.3% 6.4%
0 0 0 0 0
199,348
120,617 (65,283) 148,562 167,514 185,367
6.0% 0.0% 6.2% 6.3% 6.4%

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

120,617 (65,283) 148,562 167,514 185,367
537,084 657,701 592,418 740,980 908,494
757,701 692,418 840,980 1,008,494 1,193,862
757,701 692,418 840,980 1,008,494 1,193,862
757,756.9 692,473.5 841,035.3 1,008,549.6 1,193,917.1

637,139 757,757 692,474 841,035 1,008,550

0 0 0 0 0

0 0 0 0 0
120,617 (65,283) 148,562 167,514 185,367
120,617 (65,283) 148,562 167,514 185,367
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

757,757 692,474 841,035 1,008,550 1,193,917

11
 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
659,757 594,474 743,035 910,550 1,095,917

120,617 134,064 148,562 167,514 185,367

0 199,348 0 0 0
120,617 (65,283) 148,562 167,514 185,367
0 0 0 0 0
120,617 (65,283) 148,562 167,514 185,367

120,617 (65,283) 148,562 167,514 185,367

 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
Month 66 Month 67 Month 68 Month 69 Month 70

3,207,861 3,527,488 3,879,082 4,265,840 4,691,278

3,207,861 3,527,488 3,879,082 4,265,840 4,691,278
0 0 0 0 0
0 0 0 0 0

93,396 102,665 112,861 124,077 136,415

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
93,028 102,297 112,493 123,709 136,047
3,114,465 3,424,822 3,766,220 4,141,763 4,554,863
97.1% 97.1% 97.1% 97.1% 97.1%

2,908,854 3,199,039 3,516,743 3,864,417 4,247,759

456,000 501,000 549,000 600,000 657,000
2,452,854 2,698,039 2,967,743 3,264,417 3,590,759
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
205,611 225,783 249,477 277,345 307,104
6.4% 6.4% 6.4% 6.5% 6.5%
0 0 0 0 0
 205,611 225,783 249,477 277,345 307,104
6.4% 6.4% 6.4% 6.5% 6.5%
0 0 0 0 0

205,611 225,783 249,477 277,345 307,104

6.4% 6.4% 6.4% 6.5% 6.5%

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

(56) (56) (56) (56) (56)

100,000 100,000 100,000 100,000 100,000

205,611 225,783 249,477 277,345 307,104
1,093,862 1,299,472 1,525,256 1,774,733 2,052,078
1,399,472 1,625,256 1,874,733 2,152,078 2,459,182
1,399,472 1,625,256 1,874,733 2,152,078 2,459,182
1,399,527.9 1,625,311.2 1,874,788.7 2,152,134.0 2,459,238.0

1,193,917 1,399,528 1,625,311 1,874,789 2,152,134

0 0 0 0 0

0 0 0 0 0
205,611 225,783 249,477 277,345 307,104
205,611 225,783 249,477 277,345 307,104
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1,399,528 1,625,311 1,874,789 2,152,134 2,459,238

 2,000 2,000 2,000 2,000 2,000
0 0 0 0 0
1,301,528 1,527,311 1,776,789 2,054,134 2,361,238

205,611 225,783 249,477 277,345 307,104

0 0 0 0 0
205,611 225,783 249,477 277,345 307,104
0 0 0 0 0
205,611 225,783 249,477 277,345 307,104

205,611 225,783 249,477 277,345 307,104

 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23
Month 71 Month 72 Month 73 Month 74 Month 75

5,159,264 5,674,052 6,240,323 6,863,224 7,548,418

5,159,264 5,674,052 6,240,323 6,863,224 7,548,418
0 0 0 0 0
0 0 0 0 0

149,987 164,916 181,337 199,401 219,272

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
149,619 164,548 180,969 199,033 218,904
5,009,277 5,509,137 6,058,985 6,663,822 7,329,146
97.1% 97.1% 97.1% 97.1% 97.1%

4,669,735 5,133,608 5,645,969 6,207,766 6,826,343

720,000 789,000 867,000 951,000 1,044,000
3,949,735 4,344,608 4,778,969 5,256,766 5,782,343
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
339,542 375,528 413,016 456,056 502,803
6.6% 6.6% 6.6% 6.6% 6.7%
0 0 71 0 0
 339,542 375,528 412,945 456,056 502,803
6.6% 6.6% 6.6% 6.6% 6.7%
0 0 0 0 0
740,653
339,542 375,528 412,945 (284,596) 502,803
6.6% 6.6% 6.6% 0.0% 6.7%

(56) 0 31 0 0

(56) 0 31 0 0
(56) 0 31 0 0

100,000 100,000 100,000 100,000 100,000

339,542 375,528 412,945 (284,596) 502,803
2,359,182 2,698,725 3,074,253 3,487,198 3,202,602
2,798,725 3,174,253 3,587,198 3,302,602 3,805,406
2,798,725 3,174,253 3,587,198 3,302,602 3,805,406
2,798,780.4 3,174,253.2 3,587,167.4 3,302,602.2 3,805,405.7

2,459,238 2,798,780 3,174,309 3,587,266 3,302,670

0 0 0 0 0

0 0 0 0 0
339,542 375,528 412,957 (284,596) 502,803
339,542 375,528 412,945 (284,596) 502,803
0 0 71 0 0
0 0 59 0 0
0 0 0 0 0

2,798,780 3,174,309 3,587,266 3,302,670 3,805,473

12
 2,000 2,000 2,059 2,059 2,059
0 0 0 0 0
2,700,780 3,076,309 3,489,325 3,204,729 3,707,532

339,542 375,528 412,945 456,056 502,803

0 0 0 740,653 0
339,542 375,528 412,945 (284,596) 502,803
0 0 71 0 0
339,542 375,528 413,016 (284,596) 502,803

339,542 375,528 413,016 (284,596) 502,803

May-23 Jun-23 Jul-23 Aug-23 Sep-23
Month 76 Month 77 Month 78 Month 79 Month 80

8,302,135 9,131,227 10,043,230 11,046,437 12,149,966

8,302,135 9,131,227 10,043,230 11,046,437 12,149,966
0 0 0 0 0
0 0 0 0 0

241,130 265,174 291,622 320,715 352,717

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
240,762 264,806 291,254 320,347 352,349
8,061,005 8,866,053 9,751,609 10,725,722 11,797,249
97.1% 97.1% 97.1% 97.1% 97.1%

7,506,477 8,253,425 9,075,967 9,980,464 10,976,910

1,146,000 1,257,000 1,380,000 1,515,000 1,665,000
6,360,477 6,996,425 7,695,967 8,465,464 9,311,910
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
554,528 612,629 675,641 745,258 820,339
6.7% 6.7% 6.7% 6.7% 6.8%
0 0 0 0 0
 554,528 612,629 675,641 745,258 820,339
6.7% 6.7% 6.7% 6.7% 6.8%
0 0 0 0 0

554,528 612,629 675,641 745,258 820,339

6.7% 6.7% 6.7% 6.7% 6.8%

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0

100,000 100,000 100,000 100,000 100,000

554,528 612,629 675,641 745,258 820,339
3,705,406 4,259,934 4,872,563 5,548,204 6,293,462
4,359,934 4,972,563 5,648,204 6,393,462 7,213,801
4,359,934 4,972,563 5,648,204 6,393,462 7,213,801
4,359,934.0 4,972,562.6 5,648,204.0 6,393,462.2 7,213,801.1

3,805,473 4,360,002 4,972,630 5,648,272 6,393,530

0 0 0 0 0

0 0 0 0 0
554,528 612,629 675,641 745,258 820,339
554,528 612,629 675,641 745,258 820,339
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

4,360,002 4,972,630 5,648,272 6,393,530 7,213,869

 2,059 2,059 2,059 2,059 2,059
0 0 0 0 0
4,262,061 4,874,689 5,550,331 6,295,589 7,115,928

554,528 612,629 675,641 745,258 820,339

0 0 0 0 0
554,528 612,629 675,641 745,258 820,339
0 0 0 0 0
554,528 612,629 675,641 745,258 820,339

554,528 612,629 675,641 745,258 820,339

 Oct-23 Nov-23 Dec-23
Month 81 Month 82 Month 83

13,363,851 14,699,127 16,167,932

13,363,851 14,699,127 16,167,932
0 0 0
0 0 0

387,920 426,643 469,238

40 40 40
249 249 249
79 79 79
387,552 426,275 468,870
12,975,931 14,272,484 15,698,694
97.1% 97.1% 97.1%

12,070,001 13,274,201 14,601,821

1,827,000 2,007,000 2,208,000
10,243,001 11,267,201 12,393,821
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
905,930 998,283 1,096,873
6.8% 6.8% 6.8%
0 0 0
 905,930 998,283 1,096,873
6.8% 6.8% 6.8%
0 0 0

905,930 998,283 1,096,873

6.8% 6.8% 6.8%

0 0 0

0 0 0
0 0 0

100,000 100,000 100,000

905,930 998,283 1,096,873
7,113,801 8,019,731 9,018,014
8,119,731 9,118,014 10,214,887
8,119,731 9,118,014 10,214,887
8,119,731.3 9,118,014.0 10,214,886.6

7,213,869 8,119,799 9,118,082

0 0 0

0 0 0
905,930 998,283 1,096,873
905,930 998,283 1,096,873
0 0 0
0 0 0
0 0 0

8,119,799 9,118,082 10,214,954

 2,059 2,059 2,059
0 0 0
8,021,858 9,020,141 10,117,013

905,930 998,283 1,096,873

0 0 0
905,930 998,283 1,096,873
0 0 0
905,930 998,283 1,096,873

905,930 998,283 1,096,873

Slidebean Inc Key Assumptions:
Consolidated Financials - Annual 1) Income tax rate
October 24, 2017 2) Inflation
3) Discount rate - Today
Net Present Value $8,649,198 2014
Unit Year 0

KEY INDICATORS
Avg. revenue per user (ARPU) USD
Avg. cost per acquisition (CPA) USD

INCOME STATEMENT
Revenue USD 222,007
Sales Channel I (SaaS Example) USD 222,007
Sales Channel II USD 0
Sales Channel III USD 0
0 USD 0

COGS USD 3,680

CATEGORY #1: Web Services - Flat USD 400
CATEGORY #2: Web Services - Scalable USD 2,490
CATEGORY #3: Other USD 790
Gross Profit USD 218,327
Gross margin 98.3%
SG&A USD 319,898
Payroll USD 243,000
Marketing USD 76,898
Advisory & Prof. Services USD 0
Rent USD 0
Tech support USD 0
Insurance USD 0
Utilities USD 0
Other USD 0
EBITDA USD (101,571)
EBITDA margin 0.0%
D&A USD 500
EBIT USD (102,071)
EBIT margin 0.0%
Interest expense USD 0
Income taxes USD 0
Net income USD (102,071)
Net margin 0.0%
BALANCE SHEET

Operating cash USD 0

Excess cash USD 0
Accounts receivable USD 0
Inventories USD 0
Prepaid expenses USD 0
Current Assets USD 0
PP&E (net) USD 1,556
Intangible assets USD 0
Investments USD 0
Other assets (net) USD 0
Non-Current Assets USD 1,556
Total Assets USD 1,556

Financial obligations (Debt) USD 0

Accounts payable USD 0
Provisions USD 0
Unearned revenues USD 0
Total Liabilities USD 0
Common equity USD 100,000
Net earnings USD (8,992)
Retained earnings USD (91,502)
Total Equity USD (494)
Total Liabilities + Equity USD (494)
Check (2,049.5)

CASH FLOW
Initial cash balance USD
Cash infusions USD 100,000
Operating change in cash USD (103,571)
Ending cash balance USD (3,571)
Total capital requirements USD (201,318)
Assumptions:
come tax rate 30.0% 4) Terminal value xEBITDA
3.0% 5) Debt/Capital Ratio 0.0%
scount rate - Today 25.0% 6) Debt interest rate 12.0%
2015 2016 2017 2018 2019
Year 1 Year 2 Year 3 Year 4 Year 5

549,304 1,213,659 3,394,757 10,304,556 32,025,360

549,304 1,213,659 3,394,757 10,304,556 32,025,360
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

4,416 4,416 4,416 4,416 4,416

480 480 480 480 480
2,988 2,988 2,988 2,988 2,988
948 948 948 948 948
544,888 1,209,243 3,390,341 10,300,140 32,020,944
99.2% 99.6% 99.9% 100.0% 100.0%
630,116 1,256,246 3,245,268 9,482,555 29,085,512
366,000 453,000 750,000 1,677,000 4,614,000
264,116 803,246 2,495,268 7,805,555 24,471,512
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(85,228) (47,003) 145,073 817,585 2,935,432
0.0% 0.0% 4.3% 7.9% 9.2%
667 667 222 0 0
(85,895) (47,670) 144,851 817,585 2,935,432
0.0% 0.0% 4.3% 7.9% 9.2%
0 0 0 0 0
0 348 0 26,828 199,348
(85,895) (48,018) 144,851 790,757 2,736,084
0.0% 0.0% 4.3% 7.7% 8.5%
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
889 222 (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
889 222 (56) (56) (56)
889 222 (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
100,000 100,000 100,000 100,000 100,000
(9,605) (4,472) 12,936 69,371 249,477
(191,671) (284,383) (274,985) 98,898 1,525,256
(101,276) (188,855) (162,049) 268,270 1,874,733
(101,276) (188,855) (162,049) 268,270 1,874,733
(102,164.9) (189,077.5) (161,993.0) 268,325.2 1,874,788.7

(3,571) (88,799) (136,151) 8,923 799,679

0 0 0 0 0
(85,228) (47,351) 145,073 790,757 2,736,084
(88,799) (136,151) 8,923 799,679 3,535,764
 2020 CAGR
Year 6 13-18

12,436,776 170.3%
12,436,776 170.3%
0 -
0 -
0 -

4,416 3.7%
480 3.7%
2,988 3.7%
948 3.7%
12,432,360 171.2%
100.0%
11,407,201 146.5%
1,965,000 80.2%
9,442,201 216.6%
0 -
0 -
0 -
0 -
0 -
0 -
1,025,159 -
8.2%
0 -
1,025,159 -
8.2%
0
26,828 -
998,331 -
8.0%
 0 -
0 -
0 -
0 -
0 -
0 -
(56) -
0 -
0 -
0 -
(56) -
(56) -

0 -
0 -
0 -
0 -
0
100,000 0.0%
86,065 -
244,729 -
430,794 -
430,794 -
430,849.5

3,535,764 -
0 -
998,331 -
4,534,094 -
Slidebean Inc
Revenue
October 24, 2017

Jan-17 Feb-17
Unit Month 0 Month 1

Sales Channel I (SaaS Example) USD $ 10,630.61 $ 14,524.57

Revenue
Net Revenue USD 10,631 14,525
MRR to Revenue 1.05 1.15

Monthly Recurring Revenue USD 10,167 12,602

% MRR Growth % 24.0%
Annual Run Rate USD 122,004 151,224

New MRR (New/Expansion/Reactivation) # 2,801 4,341

Lost MRR (Cancellation/Contraction) (1,089) (1,939)
% Net MRR Churn % 8.1% 12.0%

New Customers 123 161

Lost Customers 56 89
Total Customers # 571 654
Customer Churn % 8.0% 13.3%

ARPU USD 19.27

Estimated Lifetime (months) USD 8
Estimated LTV USD 145

Growth Spend
Direct User Acqusition Ads 5,000
Growth Related Tools 50
Growth-Related Staff 3,000

Average CAC (Customers) 50.0

Expected Trend

Sales Channel II $ - $ -

Sales Channel III $ - $ -

 True Data Predicted Data

Mar-17 Apr-17 May-17 Jun-17 Jul-17

Month 2 Month 3 Month 4 Month 5 Month 6

$ 16,422.67 $ 19,061.61 $ 21,507.52 $ 23,798.76 $ 25,967.71

16,423 19,062 21,508 23,799 25,968

1.06 1.06 1.06 1.06 1.06

15,472 17,958 20,262 22,421 24,465

22.8% 16.1% 12.8% 10.7% 9.1%
185,664 215,498 243,150 269,053 293,574

5,064 3,260 3,202 3,172 3,164

(2,114) (774) (898) (1,013) (1,121)
8.4% 5.0% 5.0% 5.0% 5.0%
160 156 153 151 151
87 37 43 48 54
739 858 968 1,071 1,169
10.0% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

10 20 20 20 20
210 419 419 419 419

5,500 6,050 6,655 7,321 8,053

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

53.1 58.1 63.1 68.1 73.1

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -

True Data Predicted Data

 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
Month 7 Month 8 Month 9 Month 10 Month 11

$ 28,042.31 $ 30,047.09 $ 32,004.04 $ 33,933.18 $ 35,853.03

28,042 30,047 32,004 33,933 35,853

1.06 1.06 1.06 1.06 1.06

26,419 28,308 30,151 31,969 33,778

8.0% 7.1% 6.5% 6.0% 5.7%
317,028 339,693 361,817 383,626 405,331

3,178 3,210 3,259 3,325 3,407

(1,223) (1,321) (1,415) (1,508) (1,598)
5.0% 5.0% 5.0% 5.0% 5.0%
152 153 156 159 163
58 63 68 72 76
1,262 1,352 1,440 1,527 1,613
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

8,858 9,744 10,718 11,790 12,969

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

78.1 83.1 88.1 93.1 98.1

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Jan-18 Feb-18 Mar-18 Apr-18 May-18
Month 12 Month 13 Month 14 Month 15 Month 16

$ 37,781.01 $ 39,733.74 $ 41,727.29 $ 43,777.43 $ 45,899.78

37,781 39,734 41,727 43,777 45,900

1.06 1.06 1.06 1.06 1.06

35,594 37,434 39,312 41,243 43,243

5.4% 5.2% 5.0% 4.9% 4.8%
427,127 449,204 471,742 494,919 518,913

3,505 3,619 3,750 3,897 4,062

(1,689) (1,780) (1,872) (1,966) (2,062)
5.0% 5.0% 5.0% 5.0% 5.0%
167 173 179 186 194
81 85 89 94 98
1,700 1,788 1,878 1,970 2,065
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

14,266 15,692 17,261 18,987 20,886

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

103.1 108.1 113.1 118.1 123.1

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18
Month 17 Month 18 Month 19 Month 20 Month 21

$ 48,222.67 $ 50,837.87 $ 53,771.61 $ 57,052.89 $ 60,713.76

48,223 50,838 53,772 57,053 60,714

1.06 1.06 1.06 1.06 1.06

45,431 47,895 50,659 53,750 57,199

5.1% 5.4% 5.8% 6.1% 6.4%
545,174 574,740 607,907 645,003 686,390

4,351 4,735 5,159 5,624 6,136

(2,162) (2,272) (2,395) (2,533) (2,688)
5.0% 5.0% 5.0% 5.0% 5.0%
208 226 246 269 293
103 108 114 121 128
2,170 2,288 2,420 2,567 2,732
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

22,975 25,272 27,800 30,580 33,637

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19
Month 22 Month 23 Month 24 Month 25 Month 26

$ 64,789.60 $ 69,319.46 $ 74,346.43 $ 79,918.02 $ 86,086.58

64,790 69,319 74,346 79,918 86,087

1.06 1.06 1.06 1.06 1.06

61,039 65,307 70,043 75,292 81,103

6.7% 7.0% 7.3% 7.5% 7.7%
732,469 783,681 840,512 903,501 973,239

6,700 7,320 8,001 8,751 9,576

(2,860) (3,052) (3,265) (3,502) (3,765)
5.0% 5.0% 5.0% 5.0% 5.0%
320 350 382 418 457
137 146 156 167 180
2,915 3,119 3,345 3,596 3,874
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

37,001 40,701 44,772 49,249 54,174

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Month 27 Month 28 Month 29 Month 30 Month 31

$ 92,909.82 $ 100,451.32 $ 108,781.11 $ 117,976.32 $ 128,121.85

92,910 100,451 108,781 117,976 128,122

1.06 1.06 1.06 1.06 1.06

87,531 94,636 102,484 111,147 120,705

7.9% 8.1% 8.3% 8.5% 8.6%
1,050,378 1,135,637 1,229,808 1,333,763 1,448,462

10,483 11,482 12,579 13,787 15,116

(4,055) (4,377) (4,732) (5,124) (5,557)
5.0% 5.0% 5.0% 5.0% 5.0%
501 548 601 659 722
194 209 226 245 265
4,181 4,520 4,895 5,309 5,765
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

59,591 65,550 72,105 79,315 87,247

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20
Month 32 Month 33 Month 34 Month 35 Month 36

$ 139,311.21 $ 151,647.31 $ 165,243.44 $ 180,224.27 $ 196,727.03

139,311 151,647 165,243 180,224 196,727

1.06 1.06 1.06 1.06 1.06

131,247 142,869 155,678 169,792 185,339

8.7% 8.9% 9.0% 9.1% 9.2%
1,574,962 1,714,426 1,868,135 2,037,498 2,224,068

16,577 18,184 19,953 21,898 24,037

(6,035) (6,562) (7,143) (7,784) (8,490)
5.0% 5.0% 5.0% 5.0% 5.0%
792 869 953 1,046 1,148
288 313 341 372 405
6,269 6,824 7,436 8,110 8,852
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

95,972 105,569 116,126 127,738 140,512

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Feb-20 Mar-20 Apr-20 May-20 Jun-20
Month 37 Month 38 Month 39 Month 40 Month 41

$ 214,902.72 $ 234,917.48 $ 256,954.17 $ 281,213.94 $ 307,918.14

214,903 234,917 256,954 281,214 307,918

1.06 1.06 1.06 1.06 1.06

202,462 221,319 242,080 264,935 290,093

9.2% 9.3% 9.4% 9.4% 9.5%
2,429,550 2,655,824 2,904,956 3,179,221 3,481,122

26,390 28,979 31,827 34,959 38,405

(9,267) (10,123) (11,066) (12,104) (13,247)
5.0% 5.0% 5.0% 5.0% 5.0%
1,261 1,384 1,520 1,670 1,834
443 484 529 578 633
9,670 10,571 11,563 12,654 13,856
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

154,563 170,020 187,022 205,724 226,296

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20
Month 42 Month 43 Month 44 Month 45 Month 46

$ 337,310.28 $ 369,658.29 $ 405,256.91 $ 444,430.42 $ 487,535.55

337,310 369,658 405,257 444,430 487,536

1.06 1.06 1.06 1.06 1.06

317,784 348,260 381,798 418,703 459,313

9.5% 9.6% 9.6% 9.7% 9.7%
3,813,410 4,179,116 4,581,570 5,024,441 5,511,759

42,195 46,365 50,951 55,996 61,545

(14,505) (15,889) (17,413) (19,090) (20,935)
5.0% 5.0% 5.0% 5.0% 5.0%
2,015 2,215 2,434 2,675 2,940
693 759 832 912 1,000
15,179 16,634 18,236 19,999 21,939
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

248,926 273,818 301,200 331,320 364,452

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21
Month 47 Month 48 Month 49 Month 50 Month 51

$ 534,964.76 $ 587,149.77 $ 644,565.52 $ 707,734.48 $ 777,231.37

534,965 587,150 644,566 707,734 777,231

1.06 1.06 1.06 1.06 1.06

503,997 553,161 607,253 666,765 732,239

9.7% 9.8% 9.8% 9.8% 9.8%
6,047,963 6,637,933 7,287,038 8,001,185 8,786,871

67,649 74,364 81,750 89,875 98,812

(22,966) (25,200) (27,658) (30,363) (33,338)
5.0% 5.0% 5.0% 5.0% 5.0%
3,231 3,552 3,905 4,293 4,720
1,097 1,204 1,321 1,450 1,592
24,073 26,421 29,005 31,847 34,974
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

400,898 440,987 485,086 533,595 586,954

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 May-21 Jun-21 Jul-21 Aug-21 Sep-21
Month 52 Month 53 Month 54 Month 55 Month 56

$ 853,688.45 $ 937,801.20 $ 1,030,334.70 $ 1,132,130.54 $ 1,244,114.51

853,688 937,801 1,030,335 1,132,131 1,244,115

1.06 1.06 1.06 1.06 1.06

804,270 883,514 970,691 1,066,594 1,172,096

9.8% 9.9% 9.9% 9.9% 9.9%
9,651,245 10,602,169 11,648,292 12,799,130 14,065,148

108,643 119,457 131,353 144,438 158,831

(36,612) (40,214) (44,176) (48,535) (53,330)
5.0% 5.0% 5.0% 5.0% 5.0%
5,189 5,706 6,274 6,899 7,586
1,749 1,921 2,110 2,318 2,547
38,415 42,200 46,364 50,944 55,984
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

645,650 710,215 781,236 859,360 945,296

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22
Month 57 Month 58 Month 59 Month 60 Month 61

$ 1,367,305.01 $ 1,502,822.26 $ 1,651,898.56 $ 1,815,889.46 $ 1,996,286.06

1,367,305 1,502,822 1,651,899 1,815,889 1,996,286

1.06 1.06 1.06 1.06 1.06

1,288,155 1,415,827 1,556,274 1,710,772 1,880,726

9.9% 9.9% 9.9% 9.9% 9.9%
15,457,859 16,989,929 18,675,288 20,529,262 22,568,709

174,664 192,080 211,238 232,312 255,492

(58,605) (64,408) (70,791) (77,814) (85,539)
5.0% 5.0% 5.0% 5.0% 5.0%
8,343 9,174 10,090 11,096 12,203
2,799 3,076 3,381 3,717 4,086
61,527 67,625 74,333 81,713 89,830
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

1,039,825 1,143,808 1,258,189 1,384,007 1,522,408

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Mar-22 Apr-22 May-22 Jun-22 Jul-22
Month 62 Month 63 Month 64 Month 65 Month 66

$ 2,194,728.61 $ 2,413,021.37 $ 2,653,149.08 $ 2,917,294.96 $ 3,207,860.53

2,194,729 2,413,021 2,653,149 2,917,295 3,207,861

1.06 1.06 1.06 1.06 1.06

2,067,681 2,273,337 2,499,564 2,748,420 3,022,165

9.9% 9.9% 10.0% 10.0% 10.0%
24,812,171 27,280,046 29,994,774 32,981,035 36,265,980

280,991 309,040 339,894 373,833 411,166

(94,036) (103,384) (113,667) (124,978) (137,421)
5.0% 5.0% 5.0% 5.0% 5.0%
13,421 14,761 16,235 17,856 19,639
4,492 4,938 5,429 5,969 6,564
98,760 108,583 119,388 131,275 144,350
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

1,674,649 1,842,114 2,026,325 2,228,958 2,451,854

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Month 67 Month 68 Month 69 Month 70 Month 71

$ 3,527,487.52 $ 3,879,081.83 $ 4,265,839.96 $ 4,691,278.07 $ 5,159,263.95

3,527,488 3,879,082 4,265,840 4,691,278 5,159,264

1.06 1.06 1.06 1.06 1.06

3,323,290 3,654,531 4,018,900 4,419,711 4,860,606

10.0% 10.0% 10.0% 10.0% 10.0%
39,879,474 43,854,370 48,226,805 53,036,531 58,327,275

452,233 497,406 547,096 601,756 661,881

(151,108) (166,164) (182,727) (200,945) (220,986)
5.0% 5.0% 5.0% 5.0% 5.0%
21,600 23,758 26,131 28,742 31,614
7,217 7,937 8,728 9,598 10,555
158,733 174,554 191,958 211,102 232,161
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

2,697,039 2,966,743 3,263,417 3,589,759 3,948,735

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Jan-23 Feb-23 Mar-23 Apr-23 May-23
Month 72 Month 73 Month 74 Month 75 Month 76

$ 5,674,052.18 $ 6,240,322.81 $ 6,863,223.89 $ 7,548,418.31 $ 8,302,135.23

5,674,052 6,240,323 6,863,224 7,548,418 8,302,135

1.06 1.06 1.06 1.06 1.06

5,345,595 5,879,085 6,465,928 7,111,458 7,821,544

10.0% 10.0% 10.0% 10.0% 10.0%
64,147,135 70,549,021 77,591,135 85,337,496 93,858,528

728,019 800,770 880,797 968,827 1,065,659

(243,030) (267,280) (293,954) (323,296) (355,573)
5.0% 5.0% 5.0% 5.0% 5.0%
34,773 38,248 42,070 46,275 50,900
11,608 12,766 14,040 15,442 16,983
255,325 280,807 308,837 339,670 373,586
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

4,343,608 4,777,969 5,255,766 5,781,343 6,359,477

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
Month 77 Month 78 Month 79 Month 80 Month 81

$ 9,131,226.76 $10,043,230.20 $11,046,436.62 $12,149,966.17 $13,363,851.04

9,131,227 10,043,230 11,046,437 12,149,966 13,363,851

1.06 1.06 1.06 1.06 1.06

8,602,641 9,461,851 10,406,984 11,446,633 12,590,249

10.0% 10.0% 10.0% 10.0% 10.0%
103,231,696 113,542,213 124,883,810 137,359,596 151,082,987

1,172,175 1,289,342 1,418,226 1,559,998 1,715,948

(391,077) (430,132) (473,093) (520,349) (572,332)
5.0% 5.0% 5.0% 5.0% 5.0%
55,987 61,584 67,740 74,511 81,960
18,679 20,545 22,597 24,854 27,337
410,894 451,933 497,076 546,734 601,357
5% 5% 5% 5% 5%

20.94 20.94 20.94 20.94 20.94

20 20 20 20 20
419 419 419 419 419

6,995,425 7,694,967 8,464,464 9,310,910 10,242,001

0 0 0 0 0
3,000 3,000 3,000 3,000 3,000

125.0 125.0 125.0 125.0 125.0

 5.0 5.0 5.0 5.0 5.0

$ - $ - $ - $ - $ -

$ - $ - $ - $ - $ -
 Nov-23 Dec-23
Month 82 Month 83

$14,699,126.66 $16,167,931.98

14,699,127 16,167,932
1.06 1.06

13,848,229 15,232,008
10.0% 10.0%
166,178,743 182,784,098

1,887,492 2,076,191
(629,512) (692,411)
5.0% 5.0%
90,154 99,167
30,068 33,072
661,443 727,537
5% 5%

20.94 20.94
20 20
419 419

11,266,201 12,392,821
0 0
3,000 3,000

125.0 125.0
 5.0 5.0

$ - $ -

$ - $ -
Slidebean Inc Key Assumptions:
Operating Costs 1)
October 24, 2017 2)
3)
Jan-17
Unit Month 0

KEY INDICATORS

CONSOLIDATED COGS
By Category:
CATEGORY #1: Web Services - Flat USD 40
CATEGORY #2: Web Services - Scalable USD 249
CATEGORY #3: Other USD 79
CATEGORY #4: Credit Card/Stripe Fees USD 308
Total USD 676

CATEGORY #1: Web Services - Flat

CloudfFlare USD 30
Google Domains USD 10

Total USD 40

CATEGORY #2: Web Services - Scalable

AWS USD 100
Intercom USD 149
Total USD 249

CATEGORY #3: Other

Other 0
Baremetrics 79
Total USD 79
CATEGORY #4: Credit Card/Stripe Fees

Stripe % 308
Stripe Per Transaction Fee 0

Total USD 308

Assumptions:
4)
5)
6)
Feb-17 Mar-17 Apr-17 May-17 Jun-17
Month 1 Month 2 Month 3 Month 4 Month 5

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
421 476 553 624 690
789 844 921 992 1,058

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
421 476 553 624 690
0 0 0 0 0

421 476 553 624 690

7)
8)
9)
Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
Month 6 Month 7 Month 8 Month 9 Month 10

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
753 813 871 928 984
1,121 1,181 1,239 1,296 1,352

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
753 813 871 928 984
0 0 0 0 0

753 813 871 928 984

 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18
Month 11 Month 12 Month 13 Month 14 Month 15

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
1,040 1,096 1,152 1,210 1,270
1,408 1,464 1,520 1,578 1,638

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
1,040 1,096 1,152 1,210 1,270
0 0 0 0 0

1,040 1,096 1,152 1,210 1,270

 May-18 Jun-18 Jul-18 Aug-18 Sep-18
Month 16 Month 17 Month 18 Month 19 Month 20

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
1,331 1,398 1,474 1,559 1,655
1,699 1,766 1,842 1,927 2,023

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
1,331 1,398 1,474 1,559 1,655
0 0 0 0 0

1,331 1,398 1,474 1,559 1,655

 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Month 21 Month 22 Month 23 Month 24 Month 25

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
1,761 1,879 2,010 2,156 2,318
2,129 2,247 2,378 2,524 2,686

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
1,761 1,879 2,010 2,156 2,318
0 0 0 0 0

1,761 1,879 2,010 2,156 2,318

 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Month 26 Month 27 Month 28 Month 29 Month 30

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
2,497 2,694 2,913 3,155 3,421
2,865 3,062 3,281 3,523 3,789

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
2,497 2,694 2,913 3,155 3,421
0 0 0 0 0

2,497 2,694 2,913 3,155 3,421

 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
Month 31 Month 32 Month 33 Month 34 Month 35

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
3,716 4,040 4,398 4,792 5,227
4,084 4,408 4,766 5,160 5,595

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
3,716 4,040 4,398 4,792 5,227
0 0 0 0 0

3,716 4,040 4,398 4,792 5,227

 Jan-20 Feb-20 Mar-20 Apr-20 May-20
Month 36 Month 37 Month 38 Month 39 Month 40

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
5,705 6,232 6,813 7,452 8,155
6,073 6,600 7,181 7,820 8,523

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
5,705 6,232 6,813 7,452 8,155
0 0 0 0 0

5,705 6,232 6,813 7,452 8,155

 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
Month 41 Month 42 Month 43 Month 44 Month 45

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
8,930 9,782 10,720 11,752 12,888
9,298 10,150 11,088 12,120 13,256

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
8,930 9,782 10,720 11,752 12,888
0 0 0 0 0

8,930 9,782 10,720 11,752 12,888

 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21
Month 46 Month 47 Month 48 Month 49 Month 50

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
14,139 15,514 17,027 18,692 20,524
14,507 15,882 17,395 19,060 20,892

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
14,139 15,514 17,027 18,692 20,524
0 0 0 0 0

14,139 15,514 17,027 18,692 20,524

 Apr-21 May-21 Jun-21 Jul-21 Aug-21
Month 51 Month 52 Month 53 Month 54 Month 55

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
22,540 24,757 27,196 29,880 32,832
22,908 25,125 27,564 30,248 33,200

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
22,540 24,757 27,196 29,880 32,832
0 0 0 0 0

22,540 24,757 27,196 29,880 32,832

 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22
Month 56 Month 57 Month 58 Month 59 Month 60

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
36,079 39,652 43,582 47,905 52,661
36,447 40,020 43,950 48,273 53,029

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
36,079 39,652 43,582 47,905 52,661
0 0 0 0 0

36,079 39,652 43,582 47,905 52,661

 Feb-22 Mar-22 Apr-22 May-22 Jun-22
Month 61 Month 62 Month 63 Month 64 Month 65

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
57,892 63,647 69,978 76,941 84,602
58,260 64,015 70,346 77,309 84,970

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
57,892 63,647 69,978 76,941 84,602
0 0 0 0 0

57,892 63,647 69,978 76,941 84,602

 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
Month 66 Month 67 Month 68 Month 69 Month 70

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
93,028 102,297 112,493 123,709 136,047
93,396 102,665 112,861 124,077 136,415

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
93,028 102,297 112,493 123,709 136,047
0 0 0 0 0

93,028 102,297 112,493 123,709 136,047

 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23
Month 71 Month 72 Month 73 Month 74 Month 75

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
149,619 164,548 180,969 199,033 218,904
149,987 164,916 181,337 199,401 219,272

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
149,619 164,548 180,969 199,033 218,904
0 0 0 0 0

149,619 164,548 180,969 199,033 218,904

 May-23 Jun-23 Jul-23 Aug-23 Sep-23
Month 76 Month 77 Month 78 Month 79 Month 80

40 40 40 40 40
249 249 249 249 249
79 79 79 79 79
240,762 264,806 291,254 320,347 352,349
241,130 265,174 291,622 320,715 352,717

30 30 30 30 30
10 10 10 10 10

40 40 40 40 40

100 100 100 100 100

149 149 149 149 149
249 249 249 249 249

0 0 0 0 0
79 79 79 79 79
79 79 79 79 79
240,762 264,806 291,254 320,347 352,349
0 0 0 0 0

240,762 264,806 291,254 320,347 352,349

 Oct-23 Nov-23 Dec-23
Month 81 Month 82 Month 83

40 40 40
249 249 249
79 79 79
387,552 426,275 468,870
387,920 426,643 469,238

30 30 30
10 10 10

40 40 40

100 100 100

149 149 149
249 249 249

0 0 0
79 79 79
79 79 79
387,552 426,275 468,870
0 0 0

387,552 426,275 468,870

Slidebean Inc
Operating Expenses
October 24, 2017

Jan-17 Feb-17
Unit Month 0 Month 1

KEY INDICATORS

CONSOLIDATED SG&A
Payroll USD 27,000
Marketing USD 6,000
Online Tools - Growth USD 50
Online Tools - Team/Ops 0
Advisory & Prof. Services USD 0
Rent USD 0
Tech support USD 0
Insurance USD 0
Utilities USD 0
Other USD 0
Total USD 0 33,050

PAYROLL Salary
Founders/Managing Staff
CEO USD 4,000 4,000
CTO USD 4,000 4,000
COO USD 4,000 4,000

Operations
Office Manager USD 3,000 3,000
Press
Head of Press USD 3,000 0

Sales
VP of Sales USD 3,000 3,000
Agents USD 3,000 3,000

Growth Related Staff

Growth Hacker USD 3,000 3,000
Head of Marketing USD 3,000 0
Community Manager USD 3,000 0

Technical Staff
Senior Developer USD 3,000 0
Junior Developer USD 3,000 0
UI/UX Designer USD 3,000 0

Design & Support Staff

Head of Customer Success USD 3,000 3,000
Support Staff USD 3,000 0

Junior Graphic Designer USD 3,000 0

Total USD 27,000

Headcount:
CEO # 1
CTO # 1
COO # 1
Operations
Office Manager 1

Press
Head of Press 0

Sales
VP of Sales # 1

Growth Related Staff

Growth Hacker # 1
Head of Marketing # 0
Community Manager # 0

Technical Staff
Senior Developer # 0
Junior Developer 0
UI/UX Designer # 0

Design & Support Staff

Head of Customer Success 1
Support Staff 0

Junior Graphic Designer 0

Part-Time Graphic Designer 0

Total # 7

SELF-SERVICE MARKETING
By type of marketing expense:
Direct User Acqusition (Campaigns) USD 5,000
% 10%
Experiment Campaigns USD 1,000
Total USD 0 6,000

ONLINE TOOLS - USER ACQ

MailChimp 50

Total USD 0 50

ONLINE TOOLS - TEAM/OPS

Total USD 0 0

ADVISORY & PROF SERVICES

By type of service:
Other Services USD 0 0
Legal USD 0 0
Accounting USD 0 0
Total USD 0
RENT
By property:
Office (US) USD 0 0
Total USD 0

TECH SUPPORT & SERVICES

0 0
0 0
0 0
Total USD 0

INSURANCE
By type of insurance: USD
Employees USD 0 0
Assets USD 0 0
Total USD 0

UTILITIES
By type of expense:
Electricity 0 0
Internet USD 0 0
Phone USD 0 0
Total USD 0

OTHER EXPENSES
By type of expense:
Travel USD 0 0
Bank Fees USD 0 0
Other USD 0 0
Total USD 0
Mar-17 Apr-17 May-17 Jun-17 Jul-17
Month 2 Month 3 Month 4 Month 5 Month 6

27,000 27,000 27,000 27,000 27,000

6,500 7,050 7,655 8,321 9,053
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
33,500 34,050 34,655 35,321 36,053

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0

0 0 0 0 0

27,000 27,000 27,000 27,000 27,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0

7 7 7 7 7
5,500 6,050 6,655 7,321 8,053
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
6,500 7,050 7,655 8,321 9,053

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
Month 7 Month 8 Month 9 Month 10 Month 11

27,000 27,000 27,000 30,000 30,000

9,858 10,744 11,718 12,790 13,969
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
36,858 37,744 38,718 42,790 43,969

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

0 0 0 3,000 3,000

0 0 0 0 0

27,000 27,000 27,000 30,000 30,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
0 0 0 1 1

0 0 0 0 0
0 0 0 0 0

7 7 7 8 8
8,858 9,744 10,718 11,790 12,969
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
9,858 10,744 11,718 12,790 13,969

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Jan-18 Feb-18 Mar-18 Apr-18 May-18
Month 12 Month 13 Month 14 Month 15 Month 16

30,000 30,000 30,000 30,000 30,000

15,266 16,692 18,261 19,988 21,886
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
45,266 46,692 48,261 49,988 51,886

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0

30,000 30,000 30,000 30,000 30,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
1 1 1 1 1

0 0 0 0 0
0 0 0 0 0

8 8 8 8 8
14,266 15,692 17,261 18,987 20,886
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
15,266 16,692 18,261 19,988 21,886

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18
Month 17 Month 18 Month 19 Month 20 Month 21

30,000 30,000 30,000 33,000 33,000

23,975 26,272 28,800 31,580 34,638
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
53,975 56,272 58,800 64,580 67,638

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 6,000 6,000

0 0 0 0 0

30,000 30,000 30,000 33,000 33,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
1 1 1 2 2

0 0 0 0 0
0 0 0 0 0

8 8 8 9 9
22,975 25,272 27,800 30,580 33,637
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
23,975 26,272 28,800 31,580 34,638

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19
Month 22 Month 23 Month 24 Month 25 Month 26

33,000 33,000 33,000 36,000 36,000

38,001 41,701 45,772 50,249 55,174
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
71,001 74,701 78,772 86,249 91,174

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

6,000 6,000 6,000 9,000 9,000

0 0 0 0 0

33,000 33,000 33,000 36,000 36,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
2 2 2 3 3

0 0 0 0 0
0 0 0 0 0

9 9 9 10 10
37,001 40,701 44,772 49,249 54,174
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
38,001 41,701 45,772 50,249 55,174

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Month 27 Month 28 Month 29 Month 30 Month 31

36,000 39,000 39,000 39,000 42,000

60,591 66,550 73,105 80,316 88,247
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
96,591 105,550 112,105 119,316 130,247

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

9,000 12,000 12,000 12,000 15,000

0 0 0 0 0

36,000 39,000 39,000 39,000 42,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
3 4 4 4 5

0 0 0 0 0
0 0 0 0 0

10 11 11 11 12
59,591 65,550 72,105 79,315 87,247
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
60,591 66,550 73,105 80,316 88,247

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20
Month 32 Month 33 Month 34 Month 35 Month 36

42,000 45,000 45,000 48,000 51,000

96,972 106,569 117,126 128,738 141,512
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
138,972 151,569 162,126 176,738 192,512

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

15,000 18,000 18,000 21,000 24,000

0 0 0 0 0

42,000 45,000 45,000 48,000 51,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
5 6 6 7 8

0 0 0 0 0
0 0 0 0 0

12 13 13 14 15
95,972 105,569 116,126 127,738 140,512
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
96,972 106,569 117,126 128,738 141,512

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Feb-20 Mar-20 Apr-20 May-20 Jun-20
Month 37 Month 38 Month 39 Month 40 Month 41

54,000 57,000 60,000 63,000 66,000

155,564 171,020 188,022 206,724 227,296
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
209,564 228,020 248,022 269,724 293,296

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

27,000 30,000 33,000 36,000 39,000

0 0 0 0 0

54,000 57,000 60,000 63,000 66,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
9 10 11 12 13

0 0 0 0 0
0 0 0 0 0

16 17 18 19 20
154,563 170,020 187,022 205,724 226,296
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
155,564 171,020 188,022 206,724 227,296

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20
Month 42 Month 43 Month 44 Month 45 Month 46

69,000 75,000 78,000 84,000 90,000

249,926 274,819 302,200 332,320 365,453
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
318,926 349,819 380,200 416,320 455,453

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

42,000 48,000 51,000 57,000 63,000

0 0 0 0 0

69,000 75,000 78,000 84,000 90,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
14 16 17 19 21

0 0 0 0 0
0 0 0 0 0

21 23 24 26 28
248,926 273,818 301,200 331,320 364,452
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
249,926 274,819 302,200 332,320 365,453

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21
Month 47 Month 48 Month 49 Month 50 Month 51

96,000 102,000 111,000 120,000 129,000

401,898 441,988 486,086 534,595 587,954
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
497,898 543,988 597,086 654,595 716,954

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

69,000 75,000 84,000 93,000 102,000

0 0 0 0 0

96,000 102,000 111,000 120,000 129,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
23 25 28 31 34

0 0 0 0 0
0 0 0 0 0

30 32 35 38 41
400,898 440,987 485,086 533,595 586,954
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
401,898 441,988 486,086 534,595 587,954

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 May-21 Jun-21 Jul-21 Aug-21 Sep-21
Month 52 Month 53 Month 54 Month 55 Month 56

138,000 150,000 162,000 177,000 192,000

646,650 711,215 782,236 860,360 946,296
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
784,650 861,215 944,236 1,037,360 1,138,296

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

111,000 123,000 135,000 150,000 165,000

0 0 0 0 0

138,000 150,000 162,000 177,000 192,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
37 41 45 50 55

0 0 0 0 0
0 0 0 0 0

44 48 52 57 62
645,650 710,215 781,236 859,360 945,296
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
646,650 711,215 782,236 860,360 946,296

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22
Month 57 Month 58 Month 59 Month 60 Month 61

210,000 228,000 246,000 270,000 294,000

1,040,825 1,144,808 1,259,189 1,385,008 1,523,408
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,250,825 1,372,808 1,505,189 1,655,008 1,817,408

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

183,000 201,000 219,000 243,000 267,000

0 0 0 0 0

210,000 228,000 246,000 270,000 294,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
61 67 73 81 89

0 0 0 0 0
0 0 0 0 0

68 74 80 88 96
1,039,825 1,143,808 1,258,189 1,384,007 1,522,408
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
1,040,825 1,144,808 1,259,189 1,385,008 1,523,408

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Mar-22 Apr-22 May-22 Jun-22 Jul-22
Month 62 Month 63 Month 64 Month 65 Month 66

321,000 351,000 381,000 417,000 456,000

1,675,649 1,843,114 2,027,325 2,229,958 2,452,854
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,996,649 2,194,114 2,408,325 2,646,958 2,908,854

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

294,000 324,000 354,000 390,000 429,000

0 0 0 0 0

321,000 351,000 381,000 417,000 456,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
98 108 118 130 143

0 0 0 0 0
0 0 0 0 0

105 115 125 137 150

1,674,649 1,842,114 2,026,325 2,228,958 2,451,854
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
1,675,649 1,843,114 2,027,325 2,229,958 2,452,854

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Month 67 Month 68 Month 69 Month 70 Month 71

501,000 549,000 600,000 657,000 720,000

2,698,039 2,967,743 3,264,417 3,590,759 3,949,735
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
3,199,039 3,516,743 3,864,417 4,247,759 4,669,735

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

474,000 522,000 573,000 630,000 693,000

0 0 0 0 0

501,000 549,000 600,000 657,000 720,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
158 174 191 210 231

0 0 0 0 0
0 0 0 0 0

165 181 198 217 238

2,697,039 2,966,743 3,263,417 3,589,759 3,948,735
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
2,698,039 2,967,743 3,264,417 3,590,759 3,949,735

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Jan-23 Feb-23 Mar-23 Apr-23 May-23
Month 72 Month 73 Month 74 Month 75 Month 76

789,000 867,000 951,000 1,044,000 1,146,000

4,344,608 4,778,969 5,256,766 5,782,343 6,360,477
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
5,133,608 5,645,969 6,207,766 6,826,343 7,506,477

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

762,000 840,000 924,000 1,017,000 1,119,000

0 0 0 0 0

789,000 867,000 951,000 1,044,000 1,146,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
254 280 308 339 373

0 0 0 0 0
0 0 0 0 0

261 287 315 346 380

4,343,608 4,777,969 5,255,766 5,781,343 6,359,477
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
4,344,608 4,778,969 5,256,766 5,782,343 6,360,477

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
Month 77 Month 78 Month 79 Month 80 Month 81

1,257,000 1,380,000 1,515,000 1,665,000 1,827,000

6,996,425 7,695,967 8,465,464 9,311,910 10,243,001
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
8,253,425 9,075,967 9,980,464 10,976,910 12,070,001

4,000 4,000 4,000 4,000 4,000

4,000 4,000 4,000 4,000 4,000
4,000 4,000 4,000 4,000 4,000

3,000 3,000 3,000 3,000 3,000

 0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

3,000 3,000 3,000 3,000 3,000

0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

3,000 3,000 3,000 3,000 3,000

1,230,000 1,353,000 1,488,000 1,638,000 1,800,000

0 0 0 0 0

1,257,000 1,380,000 1,515,000 1,665,000 1,827,000

1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
 1 1 1 1 1

0 0 0 0 0

1 1 1 1 1

1 1 1 1 1
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

1 1 1 1 1
410 451 496 546 600

0 0 0 0 0
0 0 0 0 0

417 458 503 553 607

6,995,425 7,694,967 8,464,464 9,310,910 10,242,001
10% 10% 10% 10% 10%
1,000 1,000 1,000 1,000 1,000
6,996,425 7,695,967 8,465,464 9,311,910 10,243,001

0 0 0 0 0

0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Nov-23 Dec-23
Month 82 Month 83

2,007,000 2,208,000
11,267,201 12,393,821
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
13,274,201 14,601,821

4,000 4,000
4,000 4,000
4,000 4,000

3,000 3,000
 0 0

3,000 3,000
3,000 3,000

3,000 3,000
0 0
0 0

0 0
0 0
0 0

3,000 3,000
1,980,000 2,181,000

0 0

2,007,000 2,208,000

1 1
1 1
1 1
 1 1

0 0

1 1

1 1
0 0
0 0

0 0
0 0
0 0

1 1
660 727

0 0
0 0

667 734
11,266,201 12,392,821
10% 10%
1,000 1,000
11,267,201 12,393,821

0 0

0 0

0 0
0 0
0 0
0 0
0 0
0 0

0 0
0 0
0 0
0 0

0 0
0 0
0 0

0 0
0 0
0 0
0 0

0 0
0 0
0 0
0 0
Slidebean Inc Key Assumptions:
CAPEX & Working Capital 1)
October 24, 2017 2)
3)
Jan-17
Unit Month 0

KEY INDICATORS

BALANCE SHEET ACCOUNTS

Assets
Balance USD
Apartment/office fixings USD
Office furniture USD
Computers USD
Telecom equipment USD
Servers & other tech infrastructure USD
Other USD
CAPEX USD
Depreciation USD

CAPITAL EXPENDITURES
By type of asset:
Apartment/office fixings USD 0
Office furniture USD 0
Computers USD 0
Telecom equipment USD 0
Servers & other tech infrastructure USD 0
Other USD 0
Total CAPEX USD 0

DEPRECIATION & AMORTIZATION

Depreciation Years
Apartment/office fixings USD 10.0
Office furniture USD 5.0
Computers USD 3.0
Telecom equipment USD 5.0
Servers & other tech infrastructure USD 5.0
Other USD 5.0
Total USD
Assumptions:
5)
6)
7)
Feb-17 Mar-17 Apr-17 May-17 Jun-17
Month 1 Month 2 Month 3 Month 4 Month 5

1,944 1,889 1,833 1,778 1,722

0 0 0 0 0
0 0 0 0 0
1,944 1,889 1,833 1,778 1,722
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2,000 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
2,000 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2,000 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 8)
9)
10)
Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
Month 6 Month 7 Month 8 Month 9 Month 10

1,667 1,611 1,556 1,500 1,444

0 0 0 0 0
0 0 0 0 0
1,667 1,611 1,556 1,500 1,444
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18
Month 11 Month 12 Month 13 Month 14 Month 15

1,389 1,333 1,278 1,222 1,167

0 0 0 0 0
0 0 0 0 0
1,389 1,333 1,278 1,222 1,167
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 May-18 Jun-18 Jul-18 Aug-18 Sep-18
Month 16 Month 17 Month 18 Month 19 Month 20

1,111 1,056 1,000 944 889

0 0 0 0 0
0 0 0 0 0
1,111 1,056 1,000 944 889
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Month 21 Month 22 Month 23 Month 24 Month 25

833 778 722 667 611

0 0 0 0 0
0 0 0 0 0
833 778 722 667 611
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Month 26 Month 27 Month 28 Month 29 Month 30

556 500 444 389 333

0 0 0 0 0
0 0 0 0 0
556 500 444 389 333
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
Month 31 Month 32 Month 33 Month 34 Month 35

278 222 167 111 56

0 0 0 0 0
0 0 0 0 0
278 222 167 111 56
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 56 56 56
 Jan-20 Feb-20 Mar-20 Apr-20 May-20
Month 36 Month 37 Month 38 Month 39 Month 40

0 (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
0 (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
56 56 0 0 0
 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
56 56 0 0 0
 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
Month 41 Month 42 Month 43 Month 44 Month 45

(56) (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
(56) (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21
Month 46 Month 47 Month 48 Month 49 Month 50

(56) (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
(56) (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Apr-21 May-21 Jun-21 Jul-21 Aug-21
Month 51 Month 52 Month 53 Month 54 Month 55

(56) (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
(56) (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22
Month 56 Month 57 Month 58 Month 59 Month 60

(56) (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
(56) (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Feb-22 Mar-22 Apr-22 May-22 Jun-22
Month 61 Month 62 Month 63 Month 64 Month 65

(56) (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
(56) (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
Month 66 Month 67 Month 68 Month 69 Month 70

(56) (56) (56) (56) (56)

0 0 0 0 0
0 0 0 0 0
(56) (56) (56) (56) (56)
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
 Dec-22
Month 71
2
3
4
5
6
7
8
9
10
11
12
29
30
(56) 31
0 32
0 33
(56) 34
0 35
0 36
0 37
0 38
0 39
40
41
48
49
50
51
52
0 53
0 54
0 55
0 56
0 57
0 58
0 59
60
61
62
63
64
0 65
0 66
0 67
0 68
0 69
0 70
0 71