Review Certificate of Designation of Series A Convertible Preferred Stock (“CD”) of Riffpad, Inc. and then answer the following questions. Assume that Riffpad filed the CD with the Delaware Division of Corporations on January 1, 2016 and issued all 10,000 shares of Series A Preferred Stock on that date to Sjo- Time Fund IX, LP (“Sjo-Time”) and all 10,000 shares remain outstanding. Assume that additional facts given in a particular question below only apply to that question.

1. What is the dollar amount of Accruing Dividends per share of Series A Preferred Stock on June 30, 2018, assuming that Riffpad has never paid a dividend on its Series A Preferred Stock?