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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
time it will expire. - 3 - EFTA_R1_00464118 EFTA01977561 We look forward to working with you. Sincerely, bgC3 LLC By: Larry Cohen, Manager — Business Operations AGREED AND ACCEPTED TO THIS day of December, 2012 Boris Nikolic - 4 - EFTA_R1_00464119 EFTA01977562
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
CONFIDENTIAL December , 2012 Mr. Larry Cohen, Manager Business Operations bgC3 LLC RE: Letter of Understanding Regarding New Investment Entity Dear Larry: This letter sets forth certain general understandings by and be
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
2012, after which time it will expire. - 3 - EFTA00585573 We look forward to working with you. Sincerely, bgC3 LLC By: Larry Cohen, Manager — Business Operations AGREED AND ACCEPTED TO THIS day of December, 2012 Boris Nikolic - 4 - EFTA00585574
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
2012, after which time it will expire. - 3 - EFTA00585569 We look forward to working with you. Sincerely, bgC3 LLC By: Larry Cohen, Manager — Business Operations AGREED AND ACCEPTED TO THIS day of December, 2012 Boris Nikolic - 4 - EFTA00585570
Entities connected to both Bill Gates and Business Operations

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
ORGANIZATIONEmployment Agreement
ORGANIZATIONOpportunities
ORGANIZATIONIntellectual Ventures LLC
ORGANIZATION