1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Convertible Promissory Note
|
06/01/2017 |
06/01/2021 |
Common Stock
|
(1)
|
$
2.17
|
I
|
Pangaea Two Acquisition Holdings XIV, LLC
(3)
|
Convertible Promissory Note
|
06/01/2017 |
06/01/2021 |
Common Stock
|
(2)
|
$
2.17
|
I
|
Pangaea Two Acquisition Holdings Parallel XIV, LLC
(4)
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
On June 1, 2016, the Issuer issued to Pangaea Two Acquisition Holdings XIV, LLC a $12,076,225.00 aggregate principal amount Convertible Promissory Note ("Note 1"). Note 1 is convertible at any time between June 1, 2017 and June 1, 2021 into the number of shares of Common Stock equal to dividing the principal outstanding under Note 1 by $2.17, subject to customary anti-dilution adjustments. |
(2) |
On June 1, 2016, the Issuer issued to Pangaea Two Acquisition Holdings Parallel XIV, LLC a $5,423,775.00 aggregate principal amount Convertible Promissory Note ("Note 2"). Note 2 is convertible at any time between June 1, 2017 and June 1, 2021 into the number of shares of Common Stock equal to dividing the principal outstanding under Note 2 by $2.17, subject to customary anti-dilution adjustments. |
(3) |
Peter Yu is the President of Pangaea Two Admin GP, LLC. Pangaea Two Admin GP, LLC is the general partner of Pangaea Two GP, LP. Pangaea Two GP, LP is the general partner of Pangaea Two, LP. Pangaea Two, LP is the sole and managing member of Pangaea Two Acquisition Holdings XIV, LLC ("Pangaea Two Acquisition Holdings"). Mr. Yu may be deemed to have a pecuniary interest, as such term is defined in the Securities Exchange Act of 1934 (as amended, the "Exchange Act"), in an indeterminate portion of the securities beneficially owned by Pangaea Two Acquisition Holdings. Mr. Yu disclaims beneficial ownership of all such securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that Mr. Yu is the beneficial owner of such securities for Section 16 of the Exchange Act or any other purpose. |
(4) |
Peter Yu is the President of Pangaea Two Admin GP, LLC. Pangaea Two Admin GP, LLC is the general partner of Pangaea Two GP, LP. Pangaea Two GP, LP is the general partner of Pangaea Two Parallel, LP. Pangaea Two Parallel, LP is the sole and managing member of Pangaea Two Acquisition Holdings Parallel XIV, LLC ("Pangaea Two Acquisition Holdings Parallel"). Mr. Yu may be deemed to have a pecuniary interest, as such term is defined in the Exchange Act, in an indeterminate portion of the securities beneficially owned by Pangaea Two Acquisition Holdings Parallel. Mr. Yu disclaims beneficial ownership of all such securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that Mr. Yu is the beneficial owner of such securities for Section 16 of the Exchange Act or any other purpose. |