From: jeffrey E. <jeevacation@gmail.com>
Sent: Saturday, August 16, 2014 5:37 PM
To: Boris Nikolic
Subject: Re: copy

yes, this if for december

On Sat, Aug 16, 2014 at 12:54 =M, Boris Nikolic

> wrote:

Not sure that it is worth=doing it.

Not sure re tax implicati=ns.

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).=/u>

If I will face a problem =ith the agreement, I will face it with this as well.<=p>

A major question is =80 how much is a piece of (my) mind worth”?

I have been going crazy =E2 and through a prolonged torture.

Please let’s re-e=aluate it in a month.

What do you think?=u>

B

From: jeffre= E. [mailto:jee=acation@gmail.com <mailto:jeevacation@gmail.com>]

ok, then lets assume 25 stock price for fmi,=C2 . 15 profit. minus 5 loan. .total. 10 plus research gate 26. .=C2 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,

## <=p>

On Sat, Aug 16, 2014 at 12:06 PM, Boris Nikolic <=a href="mailto:██████████████████████████████"
target="_blank">██████████████████████████wrote:

<=>:

</=>

RG investment was 10M at =44M post money.

The next round will be 70=-800M

Which roughly means 52M a= 750

Which is 26M my part

</=>

</=>

</=>

From: jeffre= E. Imailto:jee=acation@gmail.com <mailto:jeevacation@gmail.com>
Sent: Saturday, August 16, 2014 6:02 AM
To: Boris Nikolic
Subject: Re: copy

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

## <=p>

On Sat, Aug 16, 2014 at 12:57 AM, Boris Nikolic <=a href="mailto: " target="_blank">  wrote:

## <=p> (cont.)

please no=e

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please no=e

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=C2 please note

The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for

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Unauthorized use,=disclosure or copying of this communication or any part thereof is stri=tly prohibited and may be unlawful. If you have received this commun=cation in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication =nd all copies thereof, including all attachments. copyright -all rights=reserved