Re: News/ Questions

Dear Ehud,

I hope all is well with you: it was really good to see in London.

I have a couple of questions from my CFO, see attached. Can you let me know who should I address them to? I forgot to ask how is the new arrival doing? I hope mother and baby are doing well, and do send Nili my best. Best

EFTA01013264

Nicole
Ps: I am starting your book it is fascinating!

Hi Nicole,

I'm well. I hope you as well. I've enjoyed our meeting as always. Vita looks so healthy and full of life. Nili has new baby girl grandchild, Thelma. labor was tough and ended with ICaizerschnitt. but the mother Elinor and the baby are in good shape.I will ask Nili to send a picture. You, ladies, are working harder to prepare the future for us all.

In regard to Carbyne, which basically moves ahead stably and as of now - successfully. Please find attached the answers for your questions as prepared by Tomer Toor, our lawyer, as well as an email you've already got on April 18 2018 describing modifications in the documents.

to answer your questions (short version):

(a) I think the modifications in the documents (SPA, SRA, AOA and updated Cap Table) reflect the agreed result of negotiations between SUM and Carbyne lawyers towards round B. and I"ve accepted them.

(b) I did not see a reason for SUM to use our right to further invest in round B where the pre money valuation is about four times higher than our original entry.

(c) In regard to the Warrants, It has to be exercised before March 29 2019. No reason to do it now. We still have about nine months before action. I propose we will discuss the issue together with JE.

Thanks again for hosting me and for your support. Looking forward to see you again in the near future. Please do not hesitate to contact me for any further clarifications ,if needed.

Ps: Enjoy the book. the exam will be at the end of the Fall Semester. Hug to Vita. Best Ehud Barak