Epstein Secrets

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 ge

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-party entities as deemed appropriate by Owner in his sole discretion. • BN will be a director and executive of

gence on such Opportunities as the Owner determines to be appropriate in SE-251912 vl EFTA00585571 his sole discretion; and • Coordinating with Larry Cohen to provide business management and communication services for the Company. No Obligation Notwithstanding anything in this letter to the contrary,

nology sector (collectively, "Opportunities"), at a target rate of (but not limited to) three Opportunities per calendar year; • Ensuring that all Opportunities presented to the Company involve investments in bona fide third parties having no affiliation or conflict of interest with bgC3, the Owner, or any

gence on such Opportunities as the Owner determines to be appropriate in SE-251912 vl EFTA00585567 his sole discretion; and • Coordinating with Larry Cohen to provide business management and communication services for the Company. No Obligation Notwithstanding anything in this letter to the contrary,

nology sector (collectively, "Opportunities"), at a target rate of (but not limited to) three Opportunities per calendar year; • Ensuring that all Opportunities presented to the Company involve investments in bona fide third parties having no affiliation or conflict of interest with bgC3, the Owner, or any