EFTA02588110

From: jeffrey E. <[email protected]> Sent: Thursday, September 4, 2014 1:37 AM To: george church Subject: Re: FW: Term sheet of the convertible note with eGenesis can we have a balance sheet and income statement as well a= corp docs? On Wed, Sep 3, 2014 at 8:13 PM, george church &=t; wrote: Revision to the e=enesis proposed agreement attached. --george From: Luhan Yang < Date: Wednesday, September 3, 20=4 at 9:29 AM Hi, George, Please=see attached change according to the feedback. Two things have been added:=C24> We can make their debt convertible at a discount in the equity financ=ng, say at 75%. So they would pay 75% of the amount per share =hat the new investors pay. Beyond that, we could provide that if the company is sold prior to th= maturity of their loan (18 mos.) that they receive some multiple return o= their principal, say 1.5X. so if company is sold before 18 months, =hey receive $2,250,000 plus accrued interest. This may be reas=nable assuming we would not do a sale unless the valuation was attractive.=/span> Look forward to discuss with you today. On Fri, Aug 29, 2014 at 3:29 PM, &g=; wrote: Below is the resp=nse. Hopefully someone at your end understands what needs to be fixe=. EFTA_R1_01768958 EFTA02588110 --George Date: Friday, August 29, 2014 at 7=22 AM no, not a fair de=l... this is a crucial bridge that comes with no benefit other=than a side by side participation ( forced ) in the future On Fri, Aug 29, 2014 at 7:09 AM, george church <t erote: Darren and Jeffery, Ple=se let me know if the attached document looks acceptable for the first $1.=M , and if so, who should sign it. --George <=div> =C24> please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use,=disclosure or copying of this communication or any part thereof is stri=tly prohibited and may be unlawful. If you have received this commun=cation in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication =nd all copies thereof, including all attachments. copyright -all rights=reserved 2 EFTA_R1_01768959 EFTA02588111 EFTA_R1_01768960 EFTA02588112