From: Joi Ito To: Jeffrey Epstein <[email protected]> Subject: Re: OH2 Investment Date: Mon, 17 Nov 2014 14:58:18 +0000 Thanks. I'm going through the documents with my lawyer too. I'll see if we can get some protection. I'm also wondering if I should pull together a syndicate to do the next round so that I'm running it instead of passively getting diluted. I think I have to get my head around the company a bit more. I may have one of my guys write up an investment memo and see if I can get others interested. In parallel, I'm finding out if there is any conflict of interest issues from MIT with respect to my involvement. - Joi > On Nov 17, 2014, at 09:54 , jeffrey E. <[email protected]> wrote: > ------- Forwarded messa e > From: Darren Indyke > Date: Monday, November 17, 2014 > Subject: OH2 Investment > To: "Jeffrey E." <[email protected]> > As I read the operating agreement, there do not appear to be any controls or protections to Unit holders. All, and that means ALL, decisions are made by the Board of Managers. There is an initial Board of Managers named in the Operating Agreement and all future managers are appointed by the Board and all vacancies are filled by the Board. There are no preemptive rights or anti dilution rights. Only a right of first refusal to the other Unit holders in the event of proposed transfers of existing units to third parties by Unit holders. Not sure if Joi has any Board representation. The initial Board of Managers consists of: > Ayaz Mahmud > David Levy > Mark Rioult > Jean-Marie Vallet and > Steve Yang, > DARREN K. INDYKE > DARREN K. INDYKE, PLLC > 575 Lexington Avenue, 4th Floor EFTA00689370