<table><tr><th>From: </th><th>Geoff MacKay &lt;geoff.r.mackay@gmail.com&gt;</th></tr><tr><td>Sent: </td><td>Saturday, January 9, 2016 4:05 PM</td></tr><tr><td>To: </td><td>jeffrey E.</td></tr><tr><td>Subject: </td><td>Re: eGenesis next steps</td></tr></table>

Jeffrey,

<table><tr><th colspan="2">here it is more clearly,
convert note valuation</th><th>IRR (1.5</th><th>years)</th><th>IRR (2</th><th>years)</th><th>ROI</th><th colspan="4">Return of investment of $5 million</th><th></th></tr><tr><td>=C2�$</td><td>=C2</td><td>25=</td><td>$=C2�&gt;&gt;</td><td></td><td>�=AO</td><td>21.17</td><td>12%</td><td>9%</td><td>118%</td><td>$ =AO</td><td>=C2�&gt;&gt;</td></tr><tr><td>=AO</td><td>=C2�&gt;&gt;</td><td>�=AO</td><td>5.9</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>=C2 $</td><td>=C2�&gt;&gt;</td><td>50=</td><td>$=C2�&gt;&gt;</td><td></td><td>=AO</td><td>21.17</td><td>77%</td><td>54%</td><td>236%</td><td>$ =AO</td><td>=C2�&gt;</td></tr><tr><td>=AO</td><td>=C2�&gt;&gt;</td><td>�=AO</td><td>11.8</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>=C2�$</td><td>=C2�&gt;</td><td>75=</td><td>$=C2�&gt;&gt;</td><td></td><td>�=AO</td><td>21.17</td><td>132%</td><td>88%</td><td>354%</td><td>$�=AO</td><td>=C2�&gt;&gt;</td></tr><tr><td>=AO</td><td>=C2�&gt;&gt;</td><td>�=AO</td><td>17.7</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>

On Sat, Jan 9, 2016 at 10:48 AM, jeffrey E. <jee=acation@gmail.com <mailto:jeevacation@gmail.com> wrote:

=div dir="ltr">geoff , roi makes little sense how many =ollars

On Sat, Jan 9, 2016 at 11:43 AM, Ge=ff MacKay <geoff.r.mackay@gmail.com <mailto:geoff.r.mackay@gmail.com= 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, please call anytime or propose a time f=r me to call you.
Geoff
Sen= from my iPhone

1

wrote:

today/
?

=br>
On Fri, Jan 8, 2016 at 12:26 PM, Geoff MacKa= <geoff.r.mackay@gmail.com
<mailto:geoff.r.mackay@gmail.com> > 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. <jeevacation@gmail.com

<mailto:jeevacation@gmail.=om> wrote:

no problem . l=ve asked my team to attempt to justify the high valuation. Q=A0 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 <geoff.r.mackay@gmail.com <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

pl=ase note

The information contained in this communication is con=idential, may be attorney-client privileged, may constitute inside info=mation, and is intended only for the use of the addressee. It is the pr=perty of JEE

Unauthorized use, disclosure or copying of this comm=nication or any part thereof is strictly prohibited and may be unlawful= If you have received this communication in error, please notify us imm=diately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@=mail.com> ,

and

destroy this=communication and all copies thereof, including all attachments. copyri=ht -all rights reserved

=C2�>

please note

The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE

Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this

return e-mail o= by e-mail to j=evacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved q=iv>

=C2�>>

please note

The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of

JEE

Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this

return e-mail o= by e-mail to j=evacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies =hereof,

including all attachments. copyright -all rights reserved
</=iv>