From: Sent: To: Subject: Geoff MacKay <[email protected]> Saturday, January 9, 2016 4:05 PM jeffrey E. Re: eGenesis next steps Jeffrey, here it is more clearly, convert note valuation IRR (1.5 years) IRR (2 years) ROI Return of investment of $5 million *$ 4> 25= $ * ii> 21.17 12% 9% 118% $ 40 * Q 4, Q 5.9 4$ 4, 50= $ 4, Q 21.17 77% 54% 236% $ 40 41 4,> * t> 11.8 40$ 4> 75= $ 40 0 21.17 132% 88% 354% $ 4> 4) 40 . Q 17.7 On Sat, Jan 9, 2016 at 10:48 AM, jeffrey E. <[email protected] <mailto:[email protected]> wrote: =div dir="ltr">geoff , roi makes little sense how many =ollars On Sat, Jan 9, 2016 at 11:43 AM, Ge=ff MacKay <[email protected] <mailto:[email protected]= target=> wrote: Jeffrey, Here are the three series A valuation scenarios ($25M, $50M, $75M) m=pped out. Also exit pathways. Note th=t series A venture firms often want to buy out existing note holders and m=y even pay premium but we cannot commit to this as a certainty in terms of=exit at series A so please factor that into your assessment. Regards, Geoff <geoff.r.mackay@gmail=com> wrote: Hi Jeffrey, Yes, lease call an time or ro ose a time f=r me to call you. Geoff Sen= from my iPhone EFTA_R1_01590213 EFTA02476648

On Jan 9, 2016, at 5:51 AM, jeffrey E. <[email protected] <[email protected]» wrote: today/ =br> On Fri, Jan 8, 2016 at 12:26 PM, Geoff MacKa= <[email protected] <mailto:[email protected]» wrote: Jeffrey, Would anytime to=ay after 2:30 work for a quick call? Geoff On Wed, Jan 6, 2016 at 10:2= PM, jeffrey E. <[email protected] <mailto:jeevacation@gmail.=om» wrote: no problem . l=ve asked my team to attempt to justify the high valuation. Q I can focus on this on friday, anytime that is =onveneint for you . tomorw i m traveling On Wed, Jan 6, 2016 at 8:=5 PM, Geoff MacKay <[email protected] <mailto:geoff.r.mackay@=mail.com» wrote:=br> Hi Jeffrey, After meeting with George today I am following up with you to clarify next =teps to finalize the $5M convertible note as a seed fund for eGenesis. We are very hopeful this can be executed quickly and our main issue is to a=hieve clarity whether this is possible prior to the JPM investor conferenc= next week. We are holding multiple VCs at bay and have mainta=ned them as a plan B but cannot defer a decision. I am happy to follow up with you or Darren in any way which you feel will h=lp get to a decision. Thanks and best regards, Geoff MacKay Interim CEO eGenesis Inc. Sent from my iPhone 2 EFTA_R1_01590214 EFTA02476649

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