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rm a separate company (the "Company"), structured as a Washington limited liability company of perpetual duration and wholly owned or controlled by William H. Gates III (the "Owner"), the sole purpose of which will be to evaluate, make, and manage investments in third-party entities as deemed appropriate by Owner i
relationships (including, without limitation, "BGI," the Bill and Melinda Gates Foundation, Cascade Investment, L.L.C., Intellectual Ventures LLC, Gates Ventures, LLC, and Microsoft Corporation); and • Conducting appropriate scientific and operational due diligence on all Opportunities. Activities of bgC3
Washington corporation • The paKiec anticipate that bgC3 o a fli ate of bgC3 . .ill f sepanapany _ wholly owned and ultimately ec-controlled by William H. Gates III (the "Owner"), the sole purpose of which will be to evaluate, make, and manage investments in Opportunities (as hereinafter defined) in third-part
relationships (including, without limitation, "BGI," the Bill and Melinda Gates Foundation, Cascade Investment, L.L.C., Intellectual Ventures LLC, Gates Ventures, LLC, and Microsoft Corporation); and • Conducting scientific and operational due diligence as BN determines in his sole discretion to be appropri
rm a separate company (the "Company"), structured as a Washington limited liability company of perpetual duration and wholly owned or controlled by William H. Gates III (the "Owner"), the sole purpose of which will be to evaluate, make, and manage investments in third-party entities as deemed appropriate by Owner i
relationships (including, without limitation, "BGI," the Bill and Melinda Gates Foundation, Cascade Investment, L.L.C., Intellectual Ventures LLC, Gates Ventures, LLC, and Microsoft Corporation); and • Conducting appropriate scientific and operational due diligence on all Opportunities. Activities of bgC3
rm a separate company (the "Company"), structured as a Washington limited liability company of perpetual duration and wholly owned or controlled by William H. Gates III (the "Owner"), the sole purpose of which will be to evaluate, make, and manage investments in third-party entities as deemed appropriate by Owner i
relationships (including, without limitation, "BGI," the Bill and Melinda Gates Foundation, Cascade Investment, L.L.C., Intellectual Ventures LLC, Gates Ventures, LLC, and Microsoft Corporation); and • Conducting appropriate scientific and operational due diligence on all Opportunities. Activities of bgC3
invested in or know; Breakthrough Life Sciences Prize recipients; DST technology investment team, and; entities associated with our anchor investor Bill Gates, such as Bill Gates Ventures and the Bill and Melinda Gates Foundation. We are in the process of entering into an agreement with illumine, the leadi
- Valuation Methodology and IRR Calculation. 12 Yuri Milner and Saurabh Gupta invested their personal capital, Boris Nikolic invested on behalf of Gates Ventures STRICTLY CONFIDENTIAL 19 Commented (Al): Stedmar numbs+ Author EFTA00586875 Sm Date Amount Entry valuation Current valuation Gros IRK
Entities connected to both Bill Gates and Gates Ventures

Robert Gates
PERSON
Boris Nikolic
PERSON
Michael Cohen
PERSON
Larry Cohen
PERSON
Melinda Gates
PERSON
Bill & Melinda Gates Foundation
ORGANIZATIONthe State of Washington
LOCATIONCascade Investment
ORGANIZATIONOpportunities
ORGANIZATIONEmployment Agreement
ORGANIZATIONBusiness Operations
ORGANIZATIONIntellectual Ventures LLC
ORGANIZATION
Principals
ORGANIZATION