| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ENSC | Warrants | Award | $730,110 | +730,110 | $1.00 | 730,110 | 30 Jun 2021 | Common Stock | 730,110 | $11.50 | Direct | F1 | |
| transaction | ENSC | Warrants | Award | $1,000,000 | +1,000,000 | $1.00 | 1,000,000 | 30 Jun 2021 | Common Stock | 1,000,000 | $11.50 | Hydra LAC LLC | F1, F2 | |
| transaction | ENSC | Warrants | Award | $387,895 | +387,895 | $1.00 | 387,895 | 30 Jun 2021 | Common Stock | 387,895 | $11.50 | Hydra Management LLC | F2, F3 | |
| transaction | ENSC | Warrants | Disposed to Issuer | $0 | -250,000 | -64% | $0.000000 | 137,895 | 30 Jun 2021 | Common Stock | 250,000 | $11.50 | Hydra Management LLC | F2, F4 |
| Id | Content |
|---|---|
| F1 | Reflects warrants of Ensysce Biosciences, Inc., formerly known as Leisure Acquisition Corp. (the "Issuer"), which were acquired from the Issuer at a price of $1.00 per warrant (730,110 warrants by Mr. Weil at a cost of $730,110 and 1,000,000 warrants by Hydra LAC LLC (an entity affiliated with Mr. Weil) at a cost of $1,000,000) in a private placement that closed simultaneously with the closing of the Issuer's initial public offering which were later exchanged for warrants having the same terms, except that they are non-transferable other than to permitted transferees. Pursuant to the terms of the issuance, such warrants were not eligible to become exercisable unless the Issuer consummated its initial business combination which occurred on June 30, 2021. Mr. Weil served as the Issuer's Executive Chairman until the closing of the business combination. |
| F2 | Mr. Weil is the managing member of Hydra LAC LLC and the sole member of Hydra Management LLC and disclaims beneficial ownership with respect to the securities except to the extent of his pecuniary interest therein. |
| F3 | Reflects warrants acquired at a price of $1.00 per warrant upon the conversion of promissory notes of the Issuer held by Hydra Management LLC reflecting amounts loaned to the Issuer pursuant to the Issuer's expense advancement agreement, which were convertible into warrants at the holder's option. The warrants are on the same terms as the warrants described in note (1) above. |
| F4 | Reflects warrants surrendered to the Issuer in connection with the Issuer's business combination pursuant to a warrant surrender agreement, for no consideration. |