EFTA Document EFTA02092711

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 PROT2 PROT0 Date: Tuesday, October 21, 2014 at 1:45 PM To: george church , James Clement ca, Luhan Yang Cc: Meghan Radde Subject: Conf. Call NOW or in 2 hours? Jeffrey is asking if it would be possible to have the conference call either NOW or in two hours (at 3:45) Please let me kn w! (so sorry, but Jeffrey has a meeting he must now attend at 2pm) Thanks. Luhan Yang Postdoc Fellow Department of Genetics Harvard Medical School <#32959838v2_Active_ - eGenesis Convertible Bridge Notes_20141021 (1).docx> PROT3 PROT1