<table><tr><th>From:</th><th>Boris Nikolic &lt;</th></tr><tr><td>Sent:</td><td>Saturday, August 16, 2014 4:55 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>RE: copy</td></tr></table>

Not sure that it is worth doing it.

Not sure re tax implications.

And I can't do it right now as ResearchGate still did not start fundrising (they are working on a major strategic move which might even more inflate the valuation).

If I will face a problem with the agreement, I will face it with this as well.

A major question is "how much is a piece of (my) mind worth"?

I have been going crazy —and through a prolonged torture.

Please let's re-evaluate it in a month.

What do you think?

B

From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Saturday, August 16, 2014 9:22 AM
To: Boris Nikolic
Subject: Re: copy

ok, then lets assume 25 stock price for fmi, . 15 profit. minus 5 loan. .total. 10 plus research gate 26. . then if he gave you all the fmi stock, 25 million . forgave loan and gaveyou 6 in cash, same deal and no more to worry,

On Sat, Aug 16, 2014 at 12:06 PM, Boris Nikolic <██████████████████████████████████████> wrote:

RG investment was 10M at 144M post money.
The next round will be 700-800M
Which roughly means 52M at 750
Which is 26M my part

From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> j
Sent: Saturday, August 16, 2014 6:02 AM
To: Boris Nikolic
Subject: Re: copy

what value do you think reseach gate will have in dec. . compared to price you bought in, what would your profit be. ? @d 50 %. I think we should exchange that profit. for all the fmi stock. . so you would have 25 million dolloars of fmi, and no further dealing.s

On Sat, Aug 16, 2014 at 12:57 AM, Boris Nikolic <████████████████████████████>
wrote:

--

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