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l College of Physicians of Edinburgh and a Fellow of the Faculty of Pharmaceutical Physicians. DACART CAPITAL LLC EFTA_R1_01138847 EFTA02295573 Advisory Board Pamela R. Contag, Ph.D. Dr. Contag most recently served as Founder and CEO of Cobalt Technologies, Inc. a venture- backed biofuels company, and rai
ITAL LLC EFTA_R1_01138807 EFTA02295533 The Case for Investment • Investment opportunities identified • First 4 investments are teed up • Short time & limited capital to profit/liquidity • Managing Director's hands-on involvement • Competitive fees - 2%/20% DAC..., CAPITAL Li_c EFTA_R1_01138808 EFTA02295534
balt Biofuels Mar-07 II ,„„-13 Series B Series E $17M $117M 4) cr 1 .UU nn 36.2% IRR 4)O& / nn .OO DiNGART C_APIIAL LL, EFTA00506151 Advisory Board Thomas Shenk, • Dr. Shenk is the Elkins Professor in the Department of Molecular Biology at Princeton University. Professor Shenk is the recipien
AR I C API JAL LLC7 • r EFTA00506112 The Case for Investment ■ Investment opportunities identified ■ First 4 investments are teed up • Short time & limited capital to profit/liquidity ■ Managing Director's hands-on involvement • Competitive fees - 2%/20% DACARTGAPIIAL LLC, EFTA00506113 The Case for Invest
ly • Competitive fees — 2%/20% Target >25% ROI for the portfolio. 3x return in 5 years, 5x return in 7 years DACARI CAPI I AL LL, EFTA00506197 Advisory Board Thomas Shenk, • Dr. Shenk is the Elkins Professor in the Department of Molecular Biology at Princeton University. Professor Shenk is the recipien
nt. DACAR1 LLC: EFTA00506161 The Case for Investment • Investment opportunities identified • First 5 investments are ready, 3 backups • Short time & limited capital to profit/liquidity • Managing Director's hands-on involvement • Competitive fees — 2%/20% DACART CAPIIAL LLCL EFTA00506162 The Case for Invest
Entities connected to both Advisory Board and time & limited capital

the Board of Directors
ORGANIZATION
Kansas
LOCATION
Target
ORGANIZATIONSilicon Valley
LOCATIONMerck & Co.
ORGANIZATION
Basel
ORGANIZATION
Elkins
PERSONBiosecurity
ORGANIZATIONStrategic Product Development
ORGANIZATIONCell Genesys'
ORGANIZATIONBiolitec Pharma Ltd.
ORGANIZATIONQuantanova
ORGANIZATIONthe University of St. Andrews
ORGANIZATIONthe Faculty of Pharmaceutical Physicians
ORGANIZATIONCobalt Technologies, Inc.
ORGANIZATIONXenogen Corporation
ORGANIZATIONMicrobiology and Engineering
ORGANIZATIONMedarex, Inc.
ORGANIZATIONBristol Myers Squibb Company
ORGANIZATIONGlaxoSmithKline plc
ORGANIZATION