EX-4.41 4 v464327_ex4-41.htm EXHIBIT 4.41

 

Exhibit 4.41

 

1500 Broadway

30th Floor

New York, NY 10036

   

Transaction Confirmation

SoFi 2017 Tender Offer #32434

Transaction Date

Apr 04, 2017

 

Renren, Inc.

5/F, North Building Suite, Great Creativity Information

Industry Garden,

Beijing, Beijing 100016

 

Preferred Stock

 

#  Cert ID  Acquisition Date  Cost Basis   Offered   Filled   Proceeds 
1  PF-26  Oct 22, 2015  $15.7763    1,995,398    1,395,977   $22,754,425.10 
2  PE-11  Feb 02, 2015  $9.4578    2,304,975    1,651,833   $26,924,877.90 
3  PE-20  Feb 17, 2015  $9.4578    56,141    0   $0.00 
4  PD-9  Mar 25, 2014  $3.45    3,819,587    2,672,176   $43,556,468.80 
                           
          Gross Proceeds             $93,235,771.80 
          Tax Withholdings             $-0.00 
          Other Withholdings             $-0.00 
          Fees             $-1,309,876.79 
          Net Proceeds             $ 91,925,895.01 

 

SMTX, LLC is acting as agent in this transaction.

 

EXPLANATORY NOTE

 

This explanatory note is added by the registrant and was not included in the original Transaction Confirmation.

 

In April 2017, the registrant sold 5,719,986 preferred shares of Social Finance Inc. (“SoFi”) to unrelated third parties, in connection with SoFi's private placement financing, for total net proceeds of US$91.9 million. The sale was done through a tender offer process and there was no share purchase agreement entered into between the registrant and the purchaser(s). To confirm the sale, this Transaction Confirmation was sent by SMTX, LLC, the agent in the transaction, to the registrant.