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

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

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,

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

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,

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