<SEC-DOCUMENT>0001140361-21-036038.txt : 20211029
<SEC-HEADER>0001140361-21-036038.hdr.sgml : 20211029
<ACCEPTANCE-DATETIME>20211029205632
ACCESSION NUMBER:		0001140361-21-036038
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210921
FILED AS OF DATE:		20211029
DATE AS OF CHANGE:		20211029

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV X (B), L.P.
		CENTRAL INDEX KEY:			0001749363
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40819
		FILM NUMBER:		211365026

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV X, L.P.
		CENTRAL INDEX KEY:			0001749358
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40819
		FILM NUMBER:		211365028

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV X (A), L.P.
		CENTRAL INDEX KEY:			0001749362
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40819
		FILM NUMBER:		211365027

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Technology Crossover Management X, Ltd.
		CENTRAL INDEX KEY:			0001787727
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40819
		FILM NUMBER:		211365030

	BUSINESS ADDRESS:	
		STREET 1:		C/O TECHNOLOGY CROSSOVER VENTURES
		STREET 2:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 614-8200

	MAIL ADDRESS:	
		STREET 1:		C/O TECHNOLOGY CROSSOVER VENTURES
		STREET 2:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV X Member Fund, L.P.
		CENTRAL INDEX KEY:			0001786709
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40819
		FILM NUMBER:		211365025

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Technology Crossover Management X, L.P.
		CENTRAL INDEX KEY:			0001786893
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40819
		FILM NUMBER:		211365029

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		(650) 614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toast, Inc.
		CENTRAL INDEX KEY:			0001650164
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		401 PARK DRIVE
		STREET 2:		SUITE 801
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02215
		BUSINESS PHONE:		617-297-1005

	MAIL ADDRESS:	
		STREET 1:		401 PARK DRIVE
		STREET 2:		SUITE 801
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02215
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2021-09-21</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001650164</issuerCik>
        <issuerName>Toast, Inc.</issuerName>
        <issuerTradingSymbol>TOST</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001787727</rptOwnerCik>
            <rptOwnerName>Technology Crossover Management X, Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001786893</rptOwnerCik>
            <rptOwnerName>Technology Crossover Management X, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001749358</rptOwnerCik>
            <rptOwnerName>TCV X, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001749362</rptOwnerCik>
            <rptOwnerName>TCV X (A), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001749363</rptOwnerCik>
            <rptOwnerName>TCV X (B), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001786709</rptOwnerCik>
            <rptOwnerName>TCV X Member Fund, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>26057515</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each share of the Issuer's Class B common stock (the &quot;Class B Stock&quot;) is convertible into one share of the Issuer's Class A common stock at any time at the option of the holder or automatically upon the occurrence of certain transfers and on the earlier of (i) the date that is seven years from the date of the filing and effectiveness of the Issuer's amended and restated certificate of incorporation in Delaware, prior to the closing of the Issuer's initial public offering, or (ii) the date the holders of at least two-thirds of the Issuer's outstanding Class B Stock elect to convert the Class B Stock to Class A common stock.</footnote>
        <footnote id="F2">Includes 19,262,630 shares of Class B Stock held directly by TCV X, L.P., 4,776,800 shares of Class B Stock held directly by TCV X (A), L.P., 939,125 shares of Class B Stock held directly by TCV X (B), L.P. and 1,078,960 shares of Class B Stock held directly by TCV X Member Fund, L.P.</footnote>
        <footnote id="F3">Technology Crossover Management X, Ltd. (&quot;Management X&quot;) is the sole general partner of Technology Crossover Management X, L.P. (&quot;TCM&quot;), which in turn is the sole general partner of TCV X, L.P., TCV X (A), L.P. and TCV X (B), L.P. Management X is also the general partner of TCV X Member Fund, L.P.</footnote>
        <footnote id="F4">Each of the entities described above are referred to herein as &quot;Reporting Persons.&quot; Each Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of its respective pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.</footnote>
    </footnotes>

    <remarks>Exhibit 99.1 (Signatures and Joint Filer Information), incorporated herein by reference.</remarks>

    <ownerSignature>
        <signatureName>/s/ Frederic D. Fenton, Authorized Signatory
for Technology Crossover Management X, Ltd.</signatureName>
        <signatureDate>2021-10-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10030260_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <hr align="center" noshade="noshade" style="height: 4px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"><u>Exhibit
          99.1</u></div>
    <div><br>
    </div>
    <div style="text-align: center;"><u>Joint Filer Information</u></div>
    <div><br>
    </div>
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          <td style="width: 30%; vertical-align: top;">
            <div>Name of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Technology Crossover Management X, L.P.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Address of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>c/o TCV</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>250 Middlefield Road</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>Menlo Park, CA&#160; 94025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Relationship of Joint Filer to Issuer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>10% Owner; may be part of a 13(d) group</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Issuer Name and Ticker or Trading Symbol:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Toast, Inc. [TOST]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Date of Event Requiring Statement</div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>(Month/Day/Year):</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>September 21, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Designated Filer:</div>
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          <td style="width: 70%; vertical-align: top;">
            <div>Technology Crossover Management X, Ltd.</div>
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    <div>Signature:</div>
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          <td style="vertical-align: top;" colspan="3">
            <div>Technology Crossover Management X, L.P.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="vertical-align: top; width: 3%; padding-bottom: 2px;">
            <div>By:&#160;</div>
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          <td style="vertical-align: top; border-bottom: 2px solid black; width: 25%;">/s/ Frederic D. Fenton</td>
          <td style="width: 22%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; width: 47%;">
            <div>Name: Frederic D. Fenton</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top; width: 47%;">
            <div>Title: Authorized Signatory</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated:&#160; October 29, 2021</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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    <div style="text-align: center;"><u>Joint Filer Information</u></div>
    <div><br>
    </div>
    <div style="text-align: center;">(continued)</div>
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          <td style="width: 30%; vertical-align: top;">
            <div>Name of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>TCV X, L.P.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Address of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>c/o TCV</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>250 Middlefield Road</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>Menlo Park, CA&#160; 94025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Relationship of Joint Filer to Issuer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>10% Owner; may be part of a 13(d) group</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Issuer Name and Ticker or Trading Symbol:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Toast, Inc. [TOST]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Date of Event Requiring Statement</div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>(Month/Day/Year):</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>September 21, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Designated Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Technology Crossover Management X, Ltd.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Signature:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z4743dc456c5e4938bddaded6cb7e0047" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="3">
            <div>TCV X, L.P.</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
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          <td style="width: 22%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name: Frederic D. Fenton</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title: Authorized Signatory</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated:&#160; October 29, 2021</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
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    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <div style="text-align: center;"><u>Joint Filer Information</u></div>
    <div><br>
    </div>
    <div style="text-align: center;">(continued)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z2ba7fb984b8844499233045772110233" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Name of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>TCV X (A), L.P.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Address of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>c/o TCV</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>250 Middlefield Road</div>
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        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>Menlo Park, CA&#160; 94025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Relationship of Joint Filer to Issuer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>10% Owner; may be part of a 13(d) group</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Issuer Name and Ticker or Trading Symbol:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Toast, Inc. [TOST]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Date of Event Requiring Statement</div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>(Month/Day/Year):</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>September 21, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Designated Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Technology Crossover Management X, Ltd.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Signature:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z9e80c7013f9348688709437fbece6456" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="3">
            <div>TCV X (A), L.P.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:&#160;</div>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid black;">/s/ Frederic D. Fenton</td>
          <td style="width: 22%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name: Frederic D. Fenton</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title: Authorized Signatory</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated:&#160; October 29, 2021</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;"><u>Joint Filer Information</u></div>
    <div><br>
    </div>
    <div style="text-align: center;">(continued)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z49a197aaa7f2486295f2de62c360982e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Name of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>TCV X (B), L.P.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Address of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>c/o TCV</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>250 Middlefield Road</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>Menlo Park, CA&#160; 94025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Relationship of Joint Filer to Issuer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>May be part of a 13(d) group</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Issuer Name and Ticker or Trading Symbol:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Toast, Inc. [TOST]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Date of Event Requiring Statement</div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>(Month/Day/Year):</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>September 21, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Designated Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Technology Crossover Management X, Ltd.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Signature:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z2f71027d267e45dcb16724fe3fefd04d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="3">
            <div>TCV X (B), L.P.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:&#160;</div>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid black;">/s/ Frederic D. Fenton</td>
          <td style="width: 22%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name: Frederic D. Fenton</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title: Authorized Signatory</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated:&#160; October 29, 2021</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;"><u>Joint Filer Information</u></div>
    <div><br>
    </div>
    <div style="text-align: center;">(continued)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z16ead7132dc14d4294d0f09afd22f319" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Name of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>TCV X Member Fund, L.P.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Address of Joint Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>c/o TCV</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>250 Middlefield Road</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">
            <div>Menlo Park, CA&#160; 94025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Relationship of Joint Filer to Issuer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>May be part of a 13(d) group</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Issuer Name and Ticker or Trading Symbol:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Toast, Inc. [TOST]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Date of Event Requiring Statement</div>
          </td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>(Month/Day/Year):</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>September 21, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Designated Filer:</div>
          </td>
          <td style="width: 70%; vertical-align: top;">
            <div>Technology Crossover Management X, Ltd.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Signature:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z9b0f7b4cbd0b46d397db2e3057cff856" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="3">
            <div>TCV X Member Fund, L.P.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:&#160;</div>
          </td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid black;">/s/ Frederic D. Fenton</td>
          <td style="width: 22%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name: Frederic D. Fenton</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title: Authorized Signatory</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated:&#160; October 29, 2021</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
    <div>
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</DOCUMENT>
</SEC-DOCUMENT>
