X0306 4 2015-12-31 0 0001609319 Nuvola, Inc. 0000 0001112727 SALTZ MITCHELL A 7333 EAST DOUBLETREE RANCH ROAD SUITE D-250 SCOTTSDALE AZ 85258 1 0 1 0 Common Stock 2015-12-31 4 J 0 23325854 A 23335854 I By Limited Partnership Common Stock 2015-12-31 4 J 0 1227677 A 1227677 I By Limited Liability Company Stock Option (Right to Buy) 0.41 2015-12-31 4 J 0 2087050 A 2025-04-14 Common Stock 2087050 2087050 I By Limited Partnership 8% Convertible Promissory Note due 2017 0.41 2015-12-31 4 J 0 200000.00 A 2017-11-16 Common Stock 487804 200000.00 I By Limited Partnership Received in exchange for 19,000,000 units of membership interests in Modern Round, L.L.C. ("Modern Round") in connection with the merger of Nuvola Merger Sub, LLC, a wholly owned subsidiary of the Issuer, with and into Modern Round (the "Merger"). The securities are held by Stockbridge Enterprises, L.P. ("Stockbridge Enterprises"), of which the reporting person controls the investment decisions. Stockbridge Enterprises is owned by a limited partnership in which the reporting person owns an indirect interest. Received in exchange for 1,000,000 units of membership interests in Modern Round in connection with the Merger. The securities are held by VSRA Holdings, L.L.C. ("VSRA"), of which the reporting person controls the investment decisions. VSRA is owned by a limited liability company in which the reporting person owns an indirect interest. Received in the Merger in exchange for an option to acquire 1,700,000 units of membership interests in Modern Round for $.50 per unit. The option is exercisable immediately. Converted in the Merger from an 8% convertible promissory note issued by Modern Round to Stockbridge in the principal amount of $200,000.00 (the "Note"), which was convertible into units of membership interests in Modern Round for $0.50 per unit. The Note is convertible at any time that any amount of principal and interest accrued thereon remain outstanding. Based on the conversion rate of $0.41 per share on the unpaid principal amount of the Note. /s/ Ronald L. Miller, Jr., attorney-in-fact 2016-01-05