To: Luhan Cc: Dr. George Church' From: Sent Fri 10/24/2014 2:04:16 PM Subject: Re: Egenesis & Georgarage LLC great. thanks On Oct 24, 2014, at 9:53 AM, luhan yang wrote: Noted. Will do that shortly. On Oct 24, 2014 7:54 AM wrote: Below is Jeffrey's reply: please send me the biz plan as outlined on the phone. use of finds for 2 ,5 years. ? I will then send a structure that i believe works Sent from my iPhone On Oct 23, 2014, at 9:43 PM, george churcl wrote: Dear Jeffery, It was nice talking with you on the phone yesterday. I look forward to discussing with you about the business at eGenesis, in which we deliver human transplantable organ by engineering animals. To follow up our last proposal of convertible note, I attached our proposed term sheet in which we offer 15% discount rate and 8% interest rate for $1.5 million investment as convertible note. Alternatively, if you wish, we propose the company pre-money evaluation of $15 million and offer you 9.09% eGenesis preferred share with your $1.5 million investment. I look forward to your feedback and I am happy to discuss with you in person. Best, Luhan ******************************************************************* ************************************** From EFTA_R1_00692527 EFTA02092711