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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
the terms of which are hereby ratified by BN. Except as may be explicitly set forth herein, this letter does not intend to alter the terms of that Employment Agreement, including without limitation the "at will" and "confidentiality" provisions of the Employment Agreement. Company Formation The parties anticipate
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
Boris Nikolic ("BN"). BN has previously entered into an Employment Agreement with bgC3. This letter does is not intended to alter the terms of that Employment Agreement, including without limitation the "at will" and "confidentiality" provisions of the Employment Agreement. Company Formation The parties anticipate
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
the terms of which are hereby ratified by BN. Except as may be explicitly set forth herein, this letter does not intend to alter the terms of that Employment Agreement, including without limitation the "at will" and "confidentiality" provisions of the Employment Agreement. Company Formation The parties anticipate
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
the terms of which are hereby ratified by BN. Except as may be explicitly set forth herein, this letter does not intend to alter the terms of that Employment Agreement, including without limitation the "at will" and "confidentiality" provisions of the Employment Agreement. Company Formation The parties anticipate
Entities connected to both Bill Gates and Employment Agreement

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