From: Boris Nikolic
Sent: Thursday, April 9, 2015 1:37 AM
To: jeffrey E.
Subject: RE: FW:

I will try tm=.
Just now closing door of my plane

Sent from my Windows Phone

From: jeffrey E.
Sent: 4/=F08/2015 9:34 PM
To: Boris Nikolic
Subject: Re: F=:

ask if i can talk to peter , don;t get emotion=l

On Wed, Apr 8, 2015 at 9:29 PM, Boris Nikolic <Boris.Nikol=c@bgc3.com <mailto

wrote:

I asked. He i= refusing. He is even refusing talking to me. And he said nasty stuff about you - stating that he would never even talk t= low life as you and how I was careless to whom I associate myself with!!!= How bizzare and paradoxical this is!!!!

Sent from my Windows Phone

From: jeffrey E.=br> Sent: 4/=FD8/2015 9:25 PM
To: Boris Nikolic
Subject: Re: F=:

my suggestion is that i talk directly to david, this=is silly and unproductive

On Wed, Apr 8, 2015 at 7:34 PM, Boris Nikolic
wrote:

What would you do?</=>

no,

On Wed, Apr 8, 2015 at 1:02 PM, Boris Nikolic wrote:

FYI<=>>

Please let me know wha= do you think.

B=/p>

<=>

From: Steve R. Ray
Sent: Monday, April 6, 2015 9:50 PM
To: Boris Nikolic
Cc: Bennett L. Yee
Subject: RE:

Hi Boris,

Peter seemed to think =hat something less than 50% would be acceptable from David's standpoint.=nbsp; I asked him to discuss 1/3 or some other percentage with David, and =o see whether we would have to provide some other consideration to balance the fact that David would be getting less t=an 50%. Peter called back later with an interesting alternative prop=sal. What if 90% of each investment was treated as though warehoused= and then was transferred into Biosys as originally intended. Investor capital would be used to repay 90% of =he loan from Gates. You, personally, would fund the remaining 10% of=the cost outside the Fund. In a liquidity event, you would be entitl=d to get your investment back first and David would then receive any profit. David's profit would equate to his =nterest in carry on those 2 deals, but we wouldn't have to deal with the=GP carry issues that we had been attempting to address. You would be=out of pocket $400k up front, but most of Blue Talon and Digisite would go into Biosys. David wouldn't have an in=erest in the Fund, and would only be entitled to upside after you had been=repaid your $400k. What do you think?

Steve=/u>

<=p>

Steve R. Ray

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
1200 Seaport Boulevard
Redwood City, CA 94063

This email and any attachments may contain private, confidential and privil=ged material for the sole use of the intended recipient. If you are not th= intended recipient, please immediately delete this email and any attachme=ts.

please no=e

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