Biocon Inc.

“Part vi, question 1a - the board of directors has nine members including two non-voting directors emeritus.”

“Biocon, inc.'s articles of incorporation and by-laws specifically prohibit the existence of members/stockholders. Instead, the company is governed by its board of directors. Directors serve a term of six years. However, the board of directors of biocon, inc. Overlaps that of the musculoskel- etal transplant foundation, inc. With its various member organizations. Thus, mtf and its member organizations have some degree of influence on biocon, inc.”

“Members of the audit committee of the board of directors were provided with a paper copy of form 990 and its was reviewed with them at an open meeting of the audit committee for approval. Subsequent to modifica- tions, if any, being made as a result of the meeting, the 990 is circulated to all of the members of the board of directors.”

“Mtf sends a questionnaire annually to board members requesting disclosure of any conflicts of interest. Officers and key employees are expected to voluntarily disclose any conflicts of interest. The letter includes the following: questionnaire 1. Do you or members of your family have family or business relationships (as defined below) with any of the following persons or organizations listed in attachment a? If yes, please identify the individual and explain the relationship. Family relationships include an individual's spouse, children, grandchildren, siblings and the spouses of children, grandchildren and siblings. Business relationships include employment and contractural relationships and common ownerships of a business where any officers, directors or trustees, individually or together, possess more than 35% ownership interest in common. ___________________________________________________________________________ 2.do you receive compensation from any organizations, whether tax exempt or taxable, which are related to mtf? If yes, attach a statement that explains the relationship between mtf and the other organization; describe the compensation arrangement, including amounts paid to you by the related organization. Compensation includes: salary, fees, bonuses, contributions to employee benefit plan, deferred compensation plans, expense allowances, and the value of the personal use of housing, automobiles, or other assets owned or leased by the organization. Definition of related organization: organizations may be related in several ways; the relationships are not mutually exclusive. Related organizations are tax-exempt or taxable organizations related to the tax-exempt organization in one or more of the following ways: relationship 1. One organization owns or controls the other organization. Relationship 2. The same person(s) owns or controls both organizations. Relationship 3. The organizations have a relationship as supporting and supported organizations. Relationship 4. The organizations use a common paymaster. Relationship 5. The other organization pays part of the compensation that the organization would otherwise be contracturally obligated to pay. Relationship 6. The organizations conduct joint programs or share facilities or employees. Ownership. The term ownership is holding (directly or indirectly) 50% or more of the voting power in a corporation, profits interest in a partnership, or beneficial interest in a trust. Control. The term control is having 50% or more of the voting power in a governing body, or the power to appoint 50% or more of an organization's governing body, or the power to approve an organization's budgets and expenditures (an effective veto power over the organization's budgets and expenditures). Also, control can be indirect by owning or controlling another organization with such power. Common paymaster. In general, a common paymaster of a group of related corporations is any member thereof that disburses remuneration to employees of two or more of those corporations on their behalf and that is responsible for keeping books and records for the payroll with respect to those employees. Attachment a lists officers, board members, independent contractors, etc.”

“The ceo receives no compensation for duties associated with biocon, inc. And related disregarded entities. He is paid by a related organization called the musculoskeletal transplant foundation, inc.”

“The treasurer and secretary receive no compensation for duties related to biocon, inc. And related disregarded entities. They are paid by a related organization called the musculoskeletal transplant foundation, inc.”

“Upon request, biocon, inc., will provide public documents through email, mailings, and office visits.”

“Part vii - board of directors compensation - the board of directors receives no compensation from biocon, inc. For its activities. The board members are paid honorariums and reimbursed for reasonable travel costs associated with board meetings by a related organization - the musculoskeletal transplant foundation, inc.”

“Parent organization has filed a separate return”

“Biocon, inc. Is a supporting organization of musculoskeletal transplant foundation, inc. These two organizations file separate form 990 and 990-t returns as required by the internal revenue code.”

“Biocon, inc. (bio) was formed to serve as the sole voting member of, and act as the holding company for, "musculoskeletal transplant foundation inc." (mtf) a non-profit 501(c) organization and "deutsches institut fur zell-und gewebeersatz gmbh" (dizg) a german non-profit organization. Mtf's mission is to provide quality allograft tissues for transplantation, research and education. Dizg specializes in culturing and distribution of keratinocytes, musculoskeletal, and other tissue forms. Biocon, as holding company, has authority to approve fundamental amendments to organizational documents and to approve certain corporate transactions such as mergers and dissolutions. Biocon also has the exclusive right to elect or appoint all members of the board of directors of mtf and dizg. Biocon continues to monitor and guide the activities of mtf and dizg, as well as any affiliates that may be formed or acquired in the future, to foster the provision of high quality human allograft tissue to the community through the most economical and efficient system possible.”

“Form 990, part iv, questions 14a and 14b - biocon, inc. Notes that it answered "no" to form 990, part iv, question 14a and 14b because its only international activity consists of dizg activity. 2013 activity for dizg is summarized on form 5471. Form 990, part i, line 6 n/a”

“Part v, questions 2a and 2b - these employees are paid by a related organization - the musculoskeletal transplant foundation, inc.”

“GERMANY”