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Name of the Selling Stockholder;
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Number of shares of Common Stock beneficially owned by the Selling Stockholder prior to the Convertible Notes and Loan Agreement transactions; and
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Number of shares of Common Stock issuable upon the conversion of the Convertible Notes and the exercise of the Warrants;
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Name of Selling Stockholder
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Number Beneficially
Owned Prior to Offering
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Number Registered
for Sale Hereby
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Number Beneficially
Owned After Offering
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Percent Owned
After Offering
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Space Infrastructures Ventures, LLC
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1,189,021(1)
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1,189,021(2)
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—(3)
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—(3)
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Wolverine Flagship Fund Trading Limited
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981,512 (4)
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28,572(5)
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952,940 (3)
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8.2%(3)
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(1)
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The Convertible Notes and Warrants exercisable for the Convertible Notes Warrant Shares are directly held by Space Infrastructure Ventures, LLC, a Delaware limited liability company, and may be deemed to be
beneficially owned by: Jose Alonso, its Chief Executive Officer, who has investment and voting control of Space Infrastructure Ventures, LLC. The Convertible Notes may not be converted to the extent that the Selling Stockholder (together
with any affiliates (as defined in Rule 144 of the Securities Act) of the Selling Stockholder or any other person with which the Selling Stockholder is considered to be part of a “group” under Section 13 of the Exchange Act or with which
the Selling Stockholder otherwise files reports under Section 13 and/or Section 16 of the Exchange Act) would become the “beneficial owner” (as such term is defined in the Exchange Act and the rules and regulations thereunder) of in excess
of 4.99% of the number of shares of common stock outstanding. The beneficial ownership limitation may be decreased or increased to any other percentage by the Selling Stockholder by written notice to the Company and with agreement of the
Company in case of any decrease below 4.99% or increase above 9.99%, provided, that any such increase will not be effective until the 61st day after such notice is delivered to the Company by the Selling Stockholder, The address of Space
Infrastructures Ventures, LLC, is 5900 SW 108 Street, Pinecrest, Florida 33156. The beneficial ownership reflected herein is as of December 9, 2024.
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(2)
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Consists of (i) 262,576 shares of Common Stock issuable to the Selling Stockholder upon conversion of Initial Convertible Note; (ii) 463,222 shares of Common Stock issuable to the Selling Stockholder upon
conversion of the Subsequent Convertible Note; and (iii) 463,223 shares of Common Stock issuable to the Selling Stockholder upon exercise of the Warrants.
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(3)
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Assuming the sale of all securities offered hereby.
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(4)
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Consists of 28,572 shares of Common Stock issuable to the Selling Stockholder upon exercise of the Lender Warrants and 952,940 shares of Common Stock issuable to the Selling Stockholder upon exercise of
warrants issued in June 2025 and July 2025. The Lender Warrants may not be converted to the extent that the Selling Stockholder (together with any affiliates (as defined in Rule 144 of the Securities Act) of the Selling Stockholder or any
other person with which the Selling Stockholder is considered to be part of a “group” under Section 13 of the Exchange Act or with which the Selling Stockholder otherwise files reports under Section 13 and/or Section 16 of the Exchange Act)
would become the “beneficial owner” (as such term is defined in the Exchange Act and the rules and regulations thereunder) of in excess of 4.99% of the number of shares of common stock outstanding. The beneficial ownership limitation may be
decreased or increased to any other percentage up to 9.99% by the Selling Stockholder by written notice to the Company, provided, that any such increase will not be effective until the 61st day after such notice is delivered to the Company by
the Selling Stockholder. The securities are directly held by Wolverine Flagship Fund Trading Limited. The address of Wolverine Flagship Fund Trading Limited is Wolverine Asset Management, LLC as manager of Wolverine Flagship Fund Trading
Limited, 175 West Jackson Boulevard, Suite 340, Chicago, Illinois 60604.
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(5)
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Consists of 28,572 shares of Common Stock issuable to the Selling Stockholder upon exercise of the Lender Warrants.
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