FAQs Archive - Page 4 of 11

Q: Can I sell shares of a company not based in the United States?

Shareholders of non-US based companies are able to sell shares on IPOGO on a case-by-case basis. In certain jurisdictions, it may not be feasible for IPOGO to conduct a private secondary transaction. Other reasons that may prevent the sale of these shares include, but are not limited to, company-specific transfer restrictions and limited publicly available information on the specific company. Shareholders are always able to update their holdings via their My Equity page by clicking the "Add Equity Details" button at the top of the page. If we are able to sell the shares and there is a potential Market Opportunity, an IPOGO Private Market Specialist will reach out to discuss the transaction process. Please note , all deals are paid out in USD regardless of what country you are located in.

Q: Can I sell my shares via IPOGO if I don't live in the United States?

Yes, non-US based shareholders are able to sell their shares on IPOGO! Please note, this is a case-by-case situation due to the transactability of these shares being dependent on approval from the issuer and on local laws. Shareholders are always able to update their holdings via their My Equity page by clicking the "Add Equity Details" button at the top of the page. If we are able to sell the shares and there is a potential Market Opportunity, an IPOGO Private Market Specialist will reach out to discuss the transaction process. Please note , all deals are paid out in USD regardless of what country you are located in.

Q: What are the requirements for a private company to be included in EquityZen's offerings?

Typically, our investors are looking for investments in later stage technology companies with a profile of over $50M in VC funding from top quartile firms, Series C or later, with the objective of finding investments that may exit in the next 2-5 years. Not all companies on the IPOGO platform will achieve an IPO or other exit, and not all exits will result in successful investments.

Q: How do I sell my shares on IPOGO?

1) Sign Up to the IPOGO Platform for free. 2) Complete a short electronic form to indicate your interest to sell, desired price, and number of shares. You can fill out the form by visiting your My Equitys page and clicking the "Add Equity Details" button at the top of the page. 3) If there is a potential Market Opportunity, an IPOGO Private Market Specialist will reach out to discuss the transaction process. 4) IPOGO will work with their accredited investor base to source potential buyers. 5) The legal team at IPOGO will work with you and the Issuer to close the transaction.

Q: What is the Right of First Refusal clause?

Our stock purchase in each transaction is subject to the company's Right of First Refusal (ROFR), which, if exercised, will prevent the consummation of the stock purchase by the fund. In this case, any transferred investment of yours (held in escrow) would be immediately returned. In short, the Right of First Refusal is the company's right to purchase the shares from the shareholder on the same terms as our offering. The company has up to 30 days to make the decision upon us submitting our bona fide offer via a Transfer Notice (they may also waive their right, in which case we can proceed immediately).

Q: What does “Aggregate Commitments” on your term sheet mean?

The aggregate commitments is the total dollar amount committed from all investors in the fund. It represents the expected size of the fund. As an investor you are a member of the fund and your investment is represented by your Capital Ratio or percentage ownership of the fund (your investment size to the entire size of the fund).

Q: What does "Capital Ratio" on your term sheet mean?

Your subscription amount on your term sheet is reflected in a capital ratio, which is the ratio of your capital account balance to the sum of capital account balances of all members of the fund. In other words, it illustrates the percentage of the total fund that your membership represents.