X0306 4 2016-07-27 0 0001455684 TPI COMPOSITES, INC TPIC 0001357869 ANGELENO INVESTORS II L P 2029 CENTURY PARK EAST, SUITE 2980 LOS ANGELES CA 90067 0 0 1 0 0001402674 ANGELENO GROUP MANAGEMENT II, LLC 2029 CENTURY PARK EAST, SUITE 2980 LOS ANGELES CA 90067 0 0 1 0 0001402671 ANGELENO GROUP, LLC 2029 CENTURY PARK EAST, SUITE 2980 LOS ANGELES CA 90067 0 0 1 0 Common Stock 2016-07-27 4 C 0 4855470 A 4855470 D Common Stock 2016-07-27 4 P 0 272727 A 5128197 D Series A Convertible Preferred Stock 2016-07-27 4 C 0 1192.517 0.00 D Common Stock 1501455 0 D Series B Convertible Preferred Stock 2016-07-27 4 C 0 180.7215 0.00 D Common Stock 231846 0 D Series B-1 Convertible Preferred Stock 2016-07-27 4 C 0 194.312 0.00 D Common Stock 351460 0 D Series C Convertible Preferred Stock 2016-07-27 4 C 0 1226.54 0.00 D Common Stock 1449049 0 D Senior Redeemable Preferred Stock 2016-07-27 4 C 0 170 0.00 D Common Stock 809123 0 D Super Senior Redeemable Preferred Stock 2016-07-27 4 C 0 85 0.00 D Common Stock 404562 0 D Subordinated Convertible Promissory Note 2016-07-27 4 C 0 107975 11.00 D Common Stock 107975 0 D This transaction represents the total number of shares of Common Stock of the Issuer (the "Issuer Common Stock") received upon the conversion of the Issuer's Series A Convertible Preferred Stock (the "Series A Shares"), Series B Convertible Preferred Stock (the "Series B Shares"), Series B-1 Convertible Preferred Stock (the "Series B-1 Shares"), Series C Convertible Preferred Stock (the "Series C Shares"), Senior Redeemable Preferred Stock (the "Senior Shares") and Super Senior Redeemable Preferred Stock (the "Super Senior Shares"). The Series A Shares, Series B Shares, Series B-1 Shares, Series C Shares, Senior Shares and Super Senior Shares are collectively referred to herein as the "Preferred Shares". These shares are held directly by Angeleno Investors II, L.P. Angeleno Group Management II, LLC is the General Partner of Angeleno Investors II, L.P. and Angeleno Group, LLC is the Managing Member of Angeleno Group Management II, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") except to the extent of its pecuniary interest therein, if any. These securities were purchased in the initial public offering of the Issuer. The Series A Shares automatically converted into Issuer Common stock on an approximately 1,259.06-for-1 basis upon the closing of the initial public offering of the Issuer without payment or further consideration. The Series A Shares were convertible at any time at the election of the Reporting Person and had no expiration date. The Series B Shares automatically converted into Issuer Common stock on an approximately 1,282.90-for-1 basis upon the closing of the initial public offering of the Issuer without payment or further consideration. The Series B Shares were convertible at any time at the election of the Reporting Person and had no expiration date. The Series B-1 Shares automatically converted into Issuer Common stock on an approximately 1,808.75-for-1 basis upon the closing of the initial public offering of the Issuer without payment or further consideration. The Series B-1 Shares were convertible at any time at the election of the Reporting Person and had no expiration date. The Series C Shares automatically converted into Issuer Common stock on an approximately 1,181.41-for-1 basis upon the closing of the initial public offering of the Issuer without payment or further consideration. The Series C Shares were convertible at any time at the election of the Reporting Person and had no expiration date. The Senior Shares automatically converted into Issuer Common stock on an approximately 4,759.60-for-1 basis upon the closing of the initial public offering of the Issuer without payment or further consideration. The Senior Shares were convertible at any time at the election of the Reporting Person and had no expiration date. The Super Senior Shares automatically converted into Issuer Common stock on an approximately 4,759.60-for-1 basis upon the closing of the initial public offering of the Issuer without payment or further consideration. The Super Senior Shares were convertible at any time at the election of the Reporting Person and had no expiration date. These securities automatically converted into Issuer Common stock upon the closing of the initial public offering of the Issuer without payment or further consideration. These securities converted at a price of $11.00 per share. /s/ Steven G. Fishbach, Attorney-in-Fact for Angeleno Investors II, L.P. 2016-07-29 /s/ Steven G. Fishbach, Attorney-in-Fact for Angeleno Group Management II, LLC 2016-07-29 /s/ Steven G. Fishbach, Attorney-in-Fact for Angeleno Group, LLC 2016-07-29