ILLUSTRATIVE COMPARISON OF JAWBONE OPTIONS CRITERIA OPTION 1 - CITIC / JPM LED REFINANCING OPTION 2 - LIQUIDATION SALE Value to Blackrock $50 million new rollover note, plus $25 million in cash, less fees, expenses and $100 million rollover equity litigation costs, subject to contract and diligence Value to Other Stakeholders Series 8 (JPM et al): 10% rollover Series 9 (KIA): 7.9% rollover Employees: new option pool for continuity Zero. Total loss Posture to Other Stakeholders Friendly Hostile Conditions to Complete Transaction JPM to provide working capital bridge - requiring Blackrock's consent High risk of business interruption / chapter 7 liquidation Fitbit Litigation Financing Third party term sheet secured. Potential upside from lawsuit with Fitbit None. Unclear who bears expenses EFTA00583331