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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
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
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
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
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
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
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
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 Opportunities and Business Operations

Michael Cohen
PERSON
Boris Nikolic
PERSON
Robert Gates
PERSON
Bill Gates
PERSON
Melinda Gates
PERSON
Bill & Melinda Gates Foundation
ORGANIZATIONthe State of Washington
LOCATIONEmployment Agreement
ORGANIZATIONCascade Investment
ORGANIZATIONGates Ventures
ORGANIZATION
Larry Cohen
PERSONIntellectual Ventures LLC
ORGANIZATION