EFTA02588618

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From: george church MEIN Sent: Thursday, September 4, 2014 11:08 AM To: jeffrey E. Subject: Re: Term sheet of the convertible note with eGenesis Sure. We'll get those to you so=n. --geo From: </=pan> "jeffrey E." <jeevacation@gm=il.com <[email protected]» Date: Wednesday, S= tember 3 2014 at 9:36 PM To: ge=rge church =span style="font-weight:bold">Subject: Re: FW: Term sheet of the co=vertible note with eGenesis can we h=ve a balance sheet and income statement as well as corp docs? On Wed, Sep 3, 2014 at=8:13 PM, george church < > wrote: Beyond that, we could provide that if the company is sold prior to the mat=rity of their loan (18 mos.) that they receive some multiple return on thei= principal, say 1.5X. so if company is sold before 18 months, they re=eive $2,250,000 plus accrued interest. This may be reasonable a=suming we would not do a sale unless the valuation was attractive.</=> Look forward to discuss with you today. On Fri, Aug 29, 2014 at 3:29 PM, george churc= c• > wrote: Below is the response. Hopefully someone at your end underst=nds what needs to be fixed. --George Date: Friday, Aug=st 29, 2014 at 7:22 AM no, =not a fair deal... this is a crucial bridge that comes with no =enefit other than a side by side participation ( forced ) in the future EFTA_R1_01769638 EFTA02588618 =/div> On Fri, Aug 29, 2014 at 7:09 AM, george church Darren and Jeffery,<=div> who should sign it. wrot=: Please let me know if the atta