EFTA02505439

From: Richard Kahn Sent: Monday, April 13, 2015 3:15 PM To: Jeffrey E. Subject: Joi Ito update last Dec when we spoke about people investments with Linda =tone, George Church, Boris and Joi you mentioned you would allocate =-10mm per person so =ar to date we have the following investments outstanding with Joi at =ost: Kyara =I gspan>250,000 Kyara III =/span>500,000 Kyara IV 250,000 Coinbase =,001,000 Neoteny =nbsp; 1,000,000 TotaI=Joi Inv =/span> 5,001,000 Notes: 1) =nbsp;Kyara I we invested 100,000 and received back 300,000 (for a =00,000 profit) 2) Valar total commitment is =5,000,000 however i do not believe this relates to Joi Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel fax cell 1 EFTA_R1_01635383 EFTA02505439