<SEC-DOCUMENT>0001206774-16-007022.txt : 20160825
<SEC-HEADER>0001206774-16-007022.hdr.sgml : 20160825
<ACCEPTANCE-DATETIME>20160825170016
ACCESSION NUMBER:		0001206774-16-007022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160819
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160825
DATE AS OF CHANGE:		20160825

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GERON CORP
		CENTRAL INDEX KEY:			0000886744
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				752287752
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20859
		FILM NUMBER:		161852139

	BUSINESS ADDRESS:	
		STREET 1:		149 COMMONWEALTH DRIVE
		STREET 2:		SUITE 2070
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		6504737700

	MAIL ADDRESS:	
		STREET 1:		149 COMMONWEALTH DRIVE
		STREET 2:		SUITE 2070
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GERON CORPORATION
		DATE OF NAME CHANGE:	19960521
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>geron29174617_2-8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>



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<P align=center><B><FONT face="Times New Roman" size=2>UNITED
STATES<BR></FONT></B><B><FONT face="Times New Roman" size=2>SECURITIES AND
EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549 <BR>___________</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>FORM 8-K </FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>CURRENT
REPORT<BR></FONT></B><B><FONT face="Times New Roman" size=2>PURSUANT TO SECTION
13 OR 15(d) OF THE<BR>SECURITIES EXCHANGE ACT OF 1934</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P align=center><FONT face="Times New Roman" size=2>Date of Report (Date of
Earliest Event Reported): </FONT><B><FONT face="Times New Roman" size=2>August
19, 2016</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>GERON
CORPORATION</FONT></B><FONT face="Times New Roman" size=2> <BR></FONT><FONT face="Times New Roman" size=2>(Exact name of registrant as specified in its
charter) </FONT></P>
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    <TD noWrap style="text-align: center" width="33%"><B><FONT face="Times New Roman" size=2>Delaware</FONT></B></TD>
    <TD noWrap style="text-align: center" width="33%"><B><FONT face="Times New Roman" size=2>0-20859</FONT></B></TD>
    <TD noWrap style="text-align: center" width="33%"><B><FONT face="Times New Roman" size=2>75-2287752</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>(State or other jurisdiction</FONT></TD>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>(Commission File Number)</FONT></TD>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>(IRS
      Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>of
      incorporation)</FONT></TD>
    <TD noWrap align=left width="33%"></TD>
    <TD noWrap style="text-align: center" width="33%"><FONT face="Times New Roman" size=2>Identification
No.)</FONT></TD></TR></TABLE><BR>
<P align=center><B><FONT face="Times New Roman" size=2>149 COMMONWEALTH DRIVE,
SUITE 2070<BR>MENLO PARK, CALIFORNIA 94025 <BR></FONT></B><FONT face="Times New Roman" size=2>(Address of principal executive offices, including
zip code) </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>(650)
473-7700<BR></FONT></B><FONT face="Times New Roman" size=2>(Registrant's
telephone number, including area code) </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>N/A <BR></FONT></B><FONT face="Times New Roman" size=2>(Former name or former address, if changed since
last report) </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions: </FONT></P>
<P align=left>
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  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2><FONT style="FONT-FAMILY: Wingdings">o</FONT></FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2><FONT style="FONT-FAMILY: Wingdings">o</FONT></FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2><FONT style="FONT-FAMILY: Wingdings">o</FONT></FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face="Times New Roman" size=2><FONT style="FONT-FAMILY: Wingdings">o</FONT></FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face="Times New Roman" size=2>Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE><BR>
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</P>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=left><B><FONT face="Times New Roman" size=2>Item 8.01 Other
Events.</FONT></B><FONT face="Times New Roman" size=4> </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>On August 19, 2016, the
Superior Court of the State of California, County of San Mateo (the &#147;Superior
Court of California&#148;), entered an order preliminarily approving a proposed
settlement of (i) the consolidated state derivative lawsuits titled
</FONT><I><FONT face="Times New Roman" size=2>Oriente v. Scarlett, et al.,
</FONT></I><FONT face="Times New Roman" size=2>Case No. CIV 528121 and
</FONT><I><FONT face="Times New Roman" size=2>Cavel v. Scarlett, et al.,
</FONT></I><FONT face="Times New Roman" size=2>Case No. CIV 535151, pending in
the Superior Court of California (collectively, the &#147;State
Derivative Action&#148;), and (ii) the consolidated federal derivative lawsuits
titled </FONT><I><FONT face="Times New Roman" size=2>DiLaura v. Scarlett, et
al., </FONT></I><FONT face="Times New Roman" size=2>Case No. 4:15-CV-02989 and
</FONT><I><FONT face="Times New Roman" size=2>Haddock v. Scarlett, et al.,
</FONT></I><FONT face="Times New Roman" size=2>Case No. 3:15-CV-03007, pending
in the United States District Court, Northern District of California
(collectively, the &#147;Federal Derivative Action&#148;). The State Derivative Action and
the Federal Derivative Action are referred to collectively as the &#147;Derivative
Actions&#148;. The proposed settlement is subject to final approval by the Superior
Court of California.</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>As required by the preliminary
approval order, the Summary Notice of Proposed Settlement (the &#147;Summary Notice&#148;),
the Notice of Proposed Settlement (the &#147;Actual Notice&#148;), and the Amended Stipulation of
Settlement, dated August 18, 2016 (the &#147;Stipulation&#148;) are attached to this Current
Report on Form 8-K as Exhibits 99.1, 99.2, and 99.3, respectively. The Summary
Notice, the Actual Notice, and the Stipulation are also available on Geron
Corporation&#146;s (the &#147;Company&#148; or &#147;Geron&#148;) website at
http://ir.geron.com/phoenix.zhtml?c=67323%20&amp;p=irol-sec, and on Geron&#146;s
Investor Relations page at
http://ir.geron.com/phoenix.zhtml?c=67323&amp;p=irol-irhome. Other information
contained in or accessible through the Company&#146;s website does not constitute
part of, and is not incorporated into, this Current Report on Form 8-K.
</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Subject to final approval of
the settlement by the Superior Court of California, and in exchange for a
release of all claims by the plaintiffs and a dismissal of the Derivative
Actions with prejudice, the Company has agreed (i) to implement certain
corporate governance refinements and (ii) to instruct the Company&#146;s insurer to
pay in full the plaintiffs&#146; attorneys a total of $950,000 United States dollars.
</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>The Stipulation does not
involve the stockholder class actions consolidated under the caption
</FONT><I><FONT face="Times New Roman" size=2>In re: Geron Corporation
Securities Litigation</FONT></I><FONT face="Times New Roman" size=2>, Case No.
3:14-CV-01224-CRB, which is currently pending in the United States District
Court, Northern District of California. </FONT></P>
<P align=left><B><FONT face="Times New Roman" size=2>Use of Forward-Looking
Statements </FONT></B></P>
<P align=left><FONT face="Times New Roman" size=2>Except for the historical
information contained herein, this Form 8-K contains forward-looking statements
made pursuant to the &#147;safe harbor&#148; provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that statements in this
Form 8-K regarding: (i) the amended stipulation of settlement, (ii) the impact of such
settlement, including related activities, approvals and payments, and (iii)
other statements that are not historical facts, constitute forward-looking
statements. These statements involve risks and uncertainties that can cause
actual results to differ materially from those in such forward-looking
statements. These risks and uncertainties, include, without limitation, risks
and uncertainties related to: (i) the settlement not receiving the requisite
final approval; (ii) the settlement not having the expected impact, including
resolving the Derivative Actions; and (iii) the settlement requiring more
activity or expense than expected. Additional information on the above risks and
uncertainties and additional risks, uncertainties and factors that could cause
actual results to differ materially from those in the forward-looking statements
are contained in Geron&#146;s periodic reports filed with the Securities and Exchange
Commission under the heading &#147;Risk Factors,&#148; including Geron&#146;s quarterly report
on Form 10-Q for the quarter ended June 30, 2016. Undue reliance should not be
placed on forward-looking statements, which speak only as of the date they are
made, and the facts and assumptions underlying the forward-looking statements
may change. Except as required by law, Geron disclaims any obligation to update
these forward-looking statements to reflect future information, events or
circumstances. </FONT></P>
<P align=center><FONT face="Times New Roman" size=2>1 </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=left><B><FONT face="Times New Roman" size=2>Item 9.01 Financial
Statements and Exhibits. </FONT></B></P>
<P style="TEXT-INDENT: 30pt" align=left><FONT face="Times New Roman" size=2>(d)
Exhibits. </FONT></P>

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    <TD style="TEXT-ALIGN: center" noWrap width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="1%"><B><FONT face="Times New Roman" size=2>Exhibit
No.</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="96%"><B><FONT face="Times New Roman" size=2>Description</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="1%"></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="1%" bgColor=#c0c0c0><FONT face="Times New Roman" size=2>99.1</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="96%" bgColor=#c0c0c0><FONT face="Times New Roman" size=2>Summary Notice of Proposed
    Settlement</FONT></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD noWrap style="text-align: center" width="1%" bgColor=#ffffff><FONT size=2 face="Times New Roman">99.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="96%" bgColor=#ffffff><FONT size=2 face="Times New Roman">Notice of Proposed Settlement</FONT></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD noWrap style="text-align: center" width="1%" bgColor=#c0c0c0><FONT size=2 face="Times New Roman">99.3</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="96%" bgColor=#c0c0c0><FONT size=2 face="Times New Roman">Amended Stipulation of Settlement, dated August 18,
2016</FONT></TD></TR></TABLE><BR>
<P align=center><FONT face="Times New Roman" size=2>2
</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=center><B><FONT face="Times New Roman" size=2>SIGNATURE </FONT></B></P>
<P ALIGN="LEFT" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
</FONT></P>

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    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=left width="35%" colSpan=2><FONT face="Times New Roman" size=2>GERON CORPORATION</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="65%">&nbsp;</TD>
    <TD noWrap align=left width="35%" colSpan=2>&nbsp;</TD></TR>
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    <TD noWrap align=left width="65%"><FONT face="Times New Roman" size=2>Date: August 25, 2016</FONT></TD>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>By:</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="40%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp; /s/ Stephen
      N. Rosenfield</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2></FONT></TD>
    <TD noWrap align=left width="40%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp; Stephen N. Rosenfield</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2></FONT></TD>
    <TD noWrap align=left width="40%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp; Executive Vice President,
      General&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="40%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp; Counsel and Corporate
Secretary</FONT></TD></TR></TABLE><BR>
    <P align=center><FONT face="Times New Roman" size=2>3 </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=center><B><FONT face="Times New Roman" size=2>EXHIBIT</FONT></B><B><FONT face="Times New Roman" size=1>
</FONT></B><B><FONT face="Times New Roman" size=2>INDEX </FONT></B></P>
<P align=center>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="1%"><B><FONT face="Times New Roman" size=2>Exhibit
No.</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="97%"><B><FONT face="Times New Roman" size=2>Description</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="1%" bgColor=#c0c0c0><FONT face="Times New Roman" size=2>99.1</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="97%" bgColor=#c0c0c0><FONT face="Times New Roman" size=2>Summary Notice of Proposed
    Settlement</FONT></TD></TR>
  <TR>
    <TD noWrap style="text-align: center" width="1%" bgColor=#ffffff><FONT size=2 face="Times New Roman">99.2</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="97%" bgColor=#ffffff><FONT size=2 face="Times New Roman">Notice of Proposed Settlement</FONT></TD></TR>
  <TR>
    <TD noWrap style="text-align: center" width="1%" bgColor=#c0c0c0><FONT size=2 face="Times New Roman">99.3</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="97%" bgColor=#c0c0c0><FONT size=2 face="Times New Roman">Amended Stipulation of Settlement, dated August 18,
2016</FONT></TD></TR></TABLE></P>
<P align=center><FONT face="Times New Roman" size=2>4 </FONT></P>
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<TYPE>EX-99.1
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<FILENAME>geron29174617_2-ex991.htm
<DESCRIPTION>SUMMARY NOTICE OF PROPOSED SETTLEMENT
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<P align=right><B><FONT face="Times New Roman" size=2>EXHIBIT 99.1
</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>Summary Notice of
Proposed Settlement </FONT></B></P>

<P align=left><FONT face="Times New Roman" size=2>ROBBINS ARROYO LLP<BR>BRIAN J.
ROBBINS (190264)<BR>CRAIG W. SMITH (164886)<BR>JENNY L. DIXON (192638)<BR>GINA
STASSI (261263)<BR>600 B Street, Suite 1900<BR>San Diego, CA 92101<BR>Telephone:
(619) 525-3990<BR>Facsimile: (619) 525-3991 </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Attorneys for
Plaintiff Joseph Oriente</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>SUPERIOR COURT OF THE STATE
OF CALIFORNIA</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>COUNTY OF SAN MATEO
</FONT></P>
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    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>JOSEPH ORIENTE,
      Derivatively on Behalf</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>Case No. CIV528121</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>of GERON
      CORPORATION,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>(Consolidated with Case No. CIV
      535151)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="42%"><FONT face="Times New Roman" size=2></FONT></TD>
    <TD noWrap align=left width="3%"><FONT face="Times New Roman" size=2>Plaintiff,</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      v.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT></FONT><B><FONT face="Times New Roman" size=2>SUMMARY NOTICE OF
      PROPOSED</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>JOHN A. SCARLETT,
      OLIVIA K.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT></FONT><B><FONT face="Times New Roman" size=2>SETTLEMENT</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>BLOOM, KARIN
      EASTHAM, V. BRYAN</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>LAWLIS, DANIEL M.
      BRADBURY,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>THOMAS
      HOFSTAETTER, ROBERT J.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>SPIEGEL, HOYOUNG
      HUH, SUSAN M.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>MOLINEAUX, and
      DOES 1-25, inclusive,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="42%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
    <TD noWrap align=left width="3%"><FONT face="Times New Roman" size=2>Defendants,</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      -and-</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>GERON
      CORPORATION, a Delaware</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>corporation,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="45%" colSpan=2><FONT face="Times New Roman" size=2>Nominal
      Defendant.</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>Date Action Filed: April 21, 2014</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="42%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR></TABLE><BR><BR><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>SUMMARY NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<TABLE style="LINE-HEIGHT: normal; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><STRONG><FONT size=2 face="Times New Roman">TO:</FONT></STRONG></TD>
    <TD vAlign=top noWrap align=left width="1%"><STRONG><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></STRONG></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top width="98%"><B><FONT face="Times New Roman" size=2>ALL RECORD SHAREHOLDERS OF THE
      COMMON STOCK OF GERON CORPORATION ("GERON" OR THE "COMPANY") BETWEEN LATE
      2011 AND EARLY 2014 (THE "RELEVANT TIME PERIOD") AND/OR AS OF JULY 22,
      2016 ("APPLICABLE GERON SHAREHOLDERS").</FONT></B></TD></TR></TABLE><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>YOU ARE HEREBY NOTIFIED,
pursuant to an Order of the California Superior Court for the County of San
Mateo (the "Court"), that a proposed Settlement has been reached between the
Parties to the following shareholder derivative actions brought on behalf of
Geron: (i) </FONT><I><FONT face="Times New Roman" size=2>Oriente v.
Scarlett</FONT></I><FONT face="Times New Roman" size=2>, Lead Case No. Civ
528121 and consolidated with </FONT><I><FONT face="Times New Roman" size=2>Cavel
v. Scarlett, et al.</FONT></I><FONT face="Times New Roman" size=2>, Case No. Civ
535151 ("State Derivative Action"); and (ii) </FONT><I><FONT face="Times New Roman" size=2>DiLaura v. Scarlett et al.</FONT></I><FONT face="Times New Roman" size=2>,</FONT><I><FONT face="Times New Roman" size=2>
</FONT></I><FONT face="Times New Roman" size=2>Case No. 3:15-cv-02989-CRB and
</FONT><I><FONT face="Times New Roman" size=2>Haddock v. Scarlett et
al.</FONT></I><FONT face="Times New Roman" size=2>, Case No. 3:15-cv-03007-CRB
("Federal Derivative Action") (collectively "Derivative Actions").</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The Derivative Actions are
brought by Plaintiffs solely on behalf of and for the benefit of Geron and
against the Individual Defendants. Plaintiffs generally allege, among other
things, that the Individual Defendants breached their fiduciary duties, wasted
corporate assets, and were unjustly enriched in connection with allegedly
improper statements regarding the purported efficacy and safety of the Company's
investigational new drug candidate, imetelstat.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On November 18, 2016, at 9:30 a.m., the Court will hold the Settlement Hearing before the
Honorable Marie Weiner, Department 2, in the Superior Court of the State of California, San Mateo
County, located at Courtroom 2E, 400 County Center, Redwood City, California 94063-1655, to determine: (i) whether the terms of
the Settlement are fair, reasonable and adequate and should be approved; (ii)
whether a final judgment should be entered; (iii) whether the Court should award
the requested attorneys' fees and reimbursement of expenses for Plaintiffs'
Counsel and a service award to Plaintiffs; and (iv) such other matters as may be
necessary or proper under the circumstances. The Court may adjourn the
Settlement Hearing without further notice to Geron shareholders.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="padding-left: 15pt; padding-right: 15pt"><B><FONT face="Times New Roman" size=2>PLEASE READ THIS SUMMARY
NOTICE CAREFULLY AND IN ITS ENTIRETY. IF YOU ARE AN APPLICABLE GERON
SHAREHOLDER, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THE DERIVATIVE
ACTIONS</FONT></B><FONT face="Times New Roman" size=2>.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 1 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>SUMMARY NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This is
a summary notice only. For additional information about the claims asserted in
the Derivative Actions and the terms of the proposed Settlement, please refer to
the documents filed in the respective Derivative Actions, the
Amended Stipulation of Settlement dated August 18, 2016, and the full-length Notice of Proposed Settlement (the "Notice").
The Stipulation and Notice may be viewed on the websites of Robbins Arroyo LLP
at http://www.robbinsarroyo.com/notices.html, The Shuman Law Firm at http://www.shumanlawfirm.com/notices/notices.html and Geron at
http://ir.geron.com/phoenix.zhtml?c=67323&amp;p=irol-sec.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>You have the right, but are
not required, to appear in person or through counsel at the Settlement Hearing
to object to the terms of the proposed Settlement or otherwise present evidence
or argument that may be proper and relevant. However, no Applicable Geron
Shareholders shall be heard or entitled to contest the approval of the proposed
Settlement, or, if approved, the Judgment to be entered hereon, unless that
Applicable Geron Shareholder has,</FONT><B><I><FONT face="Times New Roman" size=2> at least fourteen (14) calendar days prior to the Settlement
Hearing</FONT></I></B><FONT face="Times New Roman" size=2>, filed with the Clerk
of the Court a written objection to the Settlement setting forth: (i) a written
notice of objection with the Person's name, address, and telephone number, along
with a representation as to whether such Person intends to appear at the
Settlement Hearing; (ii) competent evidence that such Person held shares of
Geron common stock within the Relevant Time Period and/or as of July 22, 2016;
(iii) a statement of objections to any matters before the Court, the grounds
therefor, or the reasons for such Person desiring to appear and be heard, as
well as all documents or writings such Person desires the Court to consider; and
(iv) the identities of any witnesses such Person plans on calling at the
Settlement Hearing, along with a summary description of their likely
testimony</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>YOUR WRITTEN OBJECTIONS
MUST BE ON FILE WITH THE CLERK OF THE COURT NO LATER THAN November 4, 2016. The Court Clerk's address is:</FONT></P>
<P align=justify>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%">
      <P align=justify><FONT face="Times New Roman" size=2>Clerk of the
      Court<BR></FONT><FONT face="Times New Roman" size=2>SUPERIOR COURT OF THE
      STATE OF CALIFORNIA<BR>COUNTY OF SAN MATEO <BR></FONT><FONT face="Times New Roman" size=2>Hall of Justice, First Floor, Room A<BR>

400 County Center<BR>
Redwood City, CA 94063-1655</FONT></P></TD></TR></TABLE></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 2 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>SUMMARY NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>YOU ALSO MUST DELIVER
COPIES OF THE MATERIALS TO PLAINTIFFS' COUNSEL AND COUNSEL FOR GERON SO THEY ARE
RECEIVED NO LATER THAN November 4, 2016. Counsel's addresses are:</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><B><I><FONT face="Times New Roman" size=2>Counsel for Plaintiffs</FONT></I></B></TD></TR>
  <TR>
    <TD width="20%"></TD>
    <TD width="80%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>Craig W.
      Smith</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>ROBBINS ARROYO
      LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%">&nbsp;</TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>600 B Street,
      Suite 1900</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>San Diego, CA
      92101</FONT></TD></TR>
  <TR>
    <TD width="20%"></TD>
    <TD width="80%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><B><I><FONT face="Times New Roman" size=2>Counsel for Nominal Defendant
      Geron</FONT></I></B></TD></TR>
  <TR>
    <TD width="20%"></TD>
    <TD width="80%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>Ryan E.
      Blair</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>COOLEY
    LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>4401 Eastgate
      Mall</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>San Diego, CA
      92121</FONT></TD></TR></TABLE><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Unless the Court orders
otherwise, your objection will not be considered unless it is timely filed with
the Court and delivered to Plaintiffs' Counsel and counsel for Geron. Any Person
or entity who fails to object or otherwise request to be heard in the manner
prescribed above will be deemed to have waived the right to object to any aspect
of the Settlement or otherwise request to be heard (including the right to
appeal) and will be forever barred from raising such objection or request to be
heard in this or any other action or proceeding. </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>PLEASE DO NOT TELEPHONE
THE COURT REGARDING THIS NOTICE</FONT></B><FONT face="Times New Roman" size=2>
</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 3 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>SUMMARY NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>geron29174617_2-ex992.htm
<DESCRIPTION>NOTICE OF PROPOSED SETTLEMENT
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor=#ffffff>
<BR>
<P align=right><B><FONT face="Times New Roman" size=2>EXHIBIT 99.2
</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>Notice of Proposed
Settlement </FONT></B></P>

<P align=justify><FONT face="Times New Roman" size=2>BRIAN J. ROBBINS
(190264)<BR>CRAIG W. SMITH (164886)<BR>JENNY L. DIXON (192638)<BR>GINA STASSI
(261263)<BR>600 B Street, Suite 1900<BR>San Diego, CA 92101<BR>Telephone: (619)
525-3990<BR>Facsimile: (619) 525-3991 </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>Attorneys for
Plaintiff Joseph Oriente</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>SUPERIOR COURT OF THE STATE
OF CALIFORNIA</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>COUNTY OF SAN MATEO
</FONT></P>
<P align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>JOSEPH ORIENTE,
      Derivatively on Behalf </FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>Case No. CIV528121</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>of GERON
      CORPORATION,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>(Consolidated with Case No. CIV
      535151)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="42%"><FONT face="Times New Roman" size=2></FONT></TD>
    <TD noWrap align=left width="3%"><FONT face="Times New Roman" size=2>Plaintiff,</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      v.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT face="Times New Roman" size=2><FONT face="Times New Roman" size=2><STRONG>NOTICE OF PROPOSED
    SETTLEMENT</STRONG></FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>JOHN A. SCARLETT,
      OLIVIA K.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>BLOOM, KARIN
      EASTHAM, V. BRYAN</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>LAWLIS, DANIEL M.
      BRADBURY,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>THOMAS
      HOFSTAETTER, ROBERT J.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>SPIEGEL, HOYOUNG
      HUH, SUSAN M.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>MOLINEAUX, and
      DOES 1-25, inclusive,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="42%"></TD>
    <TD noWrap align=left width="3%"><FONT face="Times New Roman" size=2>Defendants,</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      -and-</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>GERON
      CORPORATION, a Delaware</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>corporation,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="45%" colSpan=2><FONT face="Times New Roman" size=2>Nominal
      Defendant.</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>Date Action Filed: April 21, 2014</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="42%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR></TABLE></P><BR><BR>
    <TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR>  </TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>

<TABLE style="LINE-HEIGHT: normal; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><STRONG><FONT size=2 face="Times New Roman">TO:</FONT></STRONG></TD>
    <TD vAlign=top noWrap align=left width="1%"><STRONG><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></STRONG></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top width="98%"><B><FONT face="Times New Roman" size=2>ALL RECORD SHAREHOLDERS OF THE COMMON STOCK OF
      GERON CORPORATION ("GERON" OR THE "COMPANY") BETWEEN LATE 2011 AND EARLY 2014 (THE "RELEVANT TIME
      PERIOD") AND/OR AS OF JULY 22, 2016 ("APPLICABLE GERON SHAREHOLDERS"). </FONT></B>
      <P align=justify><B><FONT face="Times New Roman" size=2>PLEASE READ THIS
      NOTICE CAREFULLY AND IN ITS ENTIRETY. THIS NOTICE RELATES TO A PROPOSED
      SETTLEMENT AND DISMISSAL OF SHAREHOLDERS DERIVATIVE LITIGATION (THE "ACTION") AND CONTAINS
      IMPORTANT INFORMATION REGARDING YOUR RIGHTS. YOUR RIGHTS MAY BE AFFECTED BY THESE LEGAL
      PROCEEDINGS. IF THE COURT APPROVES THE SETTLEMENT, YOU WILL BE FOREVER
      BARRED FROM CONTESTING THE APPROVAL OF THE PROPOSED SETTLEMENT AND FROM PURSUING THE
      RELEASED CLAIMS. </FONT></B></P>
      <P align=justify><B><FONT face="Times New Roman" size=2>IF YOU HOLD GERON
      COMMON STOCK FOR THE BENEFIT OF ANOTHER, PLEASE PROMPTLY TRANSMIT THIS
      DOCUMENT TO SUCH BENEFICIAL </FONT></B><B><FONT face="Times New Roman" size=2>OWNER. </FONT></B></P>
      <P align=justify><B><FONT face="Times New Roman" size=2>THE COURT HAS MADE
      NO FINDINGS OR DETERMINATIONS CONCERNING THE MERITS OF THE ACTIONS. THE
      RECITATION OF THE BACKGROUND AND CIRCUMSTANCES OF THE SETTLEMENT CONTAINED
      HEREIN DOES </FONT></B><B><FONT face="Times New Roman" size=2>NOT
      CONSTITUTE THE FINDINGS OF THE COURT. IT IS BASED ON REPRESENTATIONS MADE
      TO THE COURT BY COUNSEL FOR THE </FONT></B><B><FONT face="Times New Roman" size=2>PARTIES.</FONT></B></P></TD></TR></TABLE>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><B><FONT face="Times New Roman" size=2>YOU ARE HEREBY
NOTIFIED</FONT></B><FONT face="Times New Roman" size=2>, pursuant to an Order of
the California Superior Court for the County of San Mateo (the "Court"), that a
proposed Settlement has been reached between the Parties to the following
shareholder derivative actions brought on behalf of Geron: (i) </FONT><I><FONT face="Times New Roman" size=2>Oriente v. Scarlett</FONT></I><FONT face="Times New Roman" size=2>, Lead Case No. Civ 528121 and consolidated with
</FONT><I><FONT face="Times New Roman" size=2>Cavel v. Scarlett, et
al.</FONT></I><FONT face="Times New Roman" size=2>, Case No. Civ 535151 ("State
Derivative Action"); and (ii) </FONT><I><FONT face="Times New Roman" size=2>DiLaura v. Scarlett et al., </FONT></I><FONT face="Times New Roman" size=2>Case No. 3:15-cv-02989-CRB and </FONT><I><FONT face="Times New Roman" size=2>Haddock v. Scarlett et al.</FONT></I><FONT face="Times New Roman" size=2>, Case No. 3:15-cv-03007-CRB ("Federal Derivative Action") (collectively
"Derivative Actions").</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>As explained below, on
November 18, 2016, at 9:30 a.m., the Court will hold a hearing (the "Settlement
Hearing") to determine: (i) whether the terms of the Settlement are fair,
reasonable and adequate and should be approved; (ii) whether a final judgment
should be entered; (iii) whether the Court should award the requested attorneys'
fees and reimbursement of expenses for Plaintiffs' Counsel and a service award
to Plaintiffs; and (iv) such other matters as may be necessary or proper under
the circumstances. </FONT></P>

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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 1 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The terms of the Settlement
are set forth in the Amended Stipulation of Settlement dated
August 18, 2016 (the
"Stipulation"). The Settlement provides for corporate governance reforms that
are designed to strengthen the Company's internal controls and protect the
Company going forward. If approved by the Court, the Settlement will fully
resolve the Derivative Actions on the terms set forth in the Stipulation and
summarized in this notice, including the dismissal of the Derivative Actions
with prejudice. For a more detailed statement of the matters involved in the
Derivative Actions, the Settlement, and the terms discussed in this notice, the
Stipulation may be inspected at the Clerk of Court's office at the San Mateo
Superior Courthouse, Hall of Justice, First Floor, Room A, 400 County Center, Redwood City, California 94063-1655.
The Stipulation is also available for viewing on the websites of Robbins Arroyo
LLP at http://www.robbinsarroyo.com/notices.html, the Shuman Law Firm at
http://www.shumanlawfirm.com/notices/notices.html and Geron at
http://ir.geron.com/phoenix.zhtml?c=67323&amp;p=irol-sec.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This notice is not intended
to be an expression of any opinion by the Court with respect to the merits of
the claims made in the Derivative Actions, but is merely to advise you of the
pendency and Settlement of the Derivative Actions. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><B><FONT face="Times New Roman" size=2>There Is No Claims
Procedure. </FONT></B><FONT face="Times New Roman" size=2>This case was brought
to protect the interests of Geron and its shareholders. The Settlement will
result in changes to the Company's corporate governance, not in payment to
individuals, and accordingly, there will be no claims procedure. </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2><STRONG>I. THE DERIVATIVE
ACTIONS</STRONG></FONT><FONT face="Times New Roman" size=2> </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The Derivative Actions are
brought by Plaintiffs solely on behalf of and for the benefit of Geron and
against the Individual Defendants. Plaintiffs generally allege, among other
things, that the Individual Defendants breached their fiduciary duties, wasted
corporate assets, and were unjustly enriched in connection with allegedly
improper statements regarding the purported efficacy and safety of the Company's
investigational new drug candidate, imetelstat.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The Company and certain of
its current and former officers were also sued for violations of Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934 and U.S. Securities and
Exchange Commission ("SEC") Rule 10b-5 promulgated thereunder for allegedly
making false and misleading statements
regarding imetelstat. The consolidated federal securities class action,
captioned </FONT><I><FONT face="Times New Roman" size=2>In re: Geron Corporation
Securities Litigation</FONT></I><FONT face="Times New Roman" size=2>, Case No.
3:14-cv-01224-CRB (the "Securities Class Action"), is currently pending before
the Honorable Charles R. Breyer in the United States District Court for the
Northern District of California. This Stipulation and the Settlement do not
involve the Securities Class Action. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 2 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Discovery generated in the
related Securities Class Action is being provided to Plaintiffs in the
Derivative Actions, subject to a confidentiality agreement. Defendants have
provided and Plaintiffs have reviewed the first production set, which includes,
</FONT><I><FONT face="Times New Roman" size=2>inter alia</FONT></I><FONT face="Times New Roman" size=2>: formal communications with the U.S. Food and
Drug Administration ("FDA") regarding Geron's phase 2 clinical trial of
imetelstat in patients with essential thrombocythemia ("ET") or polycythemia
vera ("PV") (the "Phase 2 ET/PV Trial"), certain liver function test ("LFT")
results observed in the Phase 2 ET/PV Trial, and the imposition and subsequent
lifting of the clinical hold; formal communications from Geron to Phase 2 ET/PV
Trial study sites and investigators regarding the LFT results; formal reports
and minutes of meetings of the panel of liver experts that evaluated the LFT
results; and the summary of the LFT results and FDA response letter-brief
submitted by Geron to the FDA. Defendants also have provided and Plaintiffs have
reviewed Board minutes and other Board materials concerning the Phase 2 ET/PV
Trial during the Relevant Time Period. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On August 7, 2015,
Plaintiff Oriente and Federal Plaintiffs served a settlement demand, proposing,
among other things, comprehensive corporate governance reforms designed to
address Defendants' alleged breach of fiduciary duties, as well as structural
reforms designed to improve the independence and rigor of Board and committee
oversight of core operations. In August and September, the parties, through
their counsel, discussed whether it was appropriate to mediate this matter
concurrent with the Securities Class Action mediation scheduled for November 2,
2015. The parties deferred a decision on mediation until further progress could
be made on the terms of any potential derivative settlement.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On September 23, 2015,
Defendants provided a response to the August 7 settlement demand. The Settling
Parties, through their counsel, discussed Defendants' response telephonically
on September 29, 2015, and again on
September 30, 2015. In response to queries from Plaintiff Oriente and Federal
Plaintiffs, on October 1, 2015, Defendants provided relevant public and internal
information to facilitate further discussions. Based on this information,
counsel for Plaintiff Oriente and Federal Plaintiffs drafted revised corporate
governance proposals, which they circulated to Defendants on October 7,
2015.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 3 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV STYLE="page-break-before: always; text-indent: 15pt"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On October 14, 2015,
counsel for Plaintiff Oriente, Federal Plaintiffs, and Defendants continued
settlement discussions telephonically and, on October 22, 2015, Defendants
provided their written response to the revised corporate governance proposals.
The following day, Plaintiff Oriente and Federal Plaintiffs provided written
comments to Defendants and all counsel subsequently convened to discuss on
October 28, 2015. Defendants submitted their response on October 29, 2015 and,
given the status of the settlement discussions, determined that Plaintiff
Oriente and Federal Plaintiffs would not participate in the November 2, 2015
mediation of the Securities Class Action. Negotiations continued throughout
November and into December, with the Settling Parties exchanging additional
written settlement proposals. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On December 15, 2015, the
Settling Parties reached an agreement on the essential terms of an
agreement-in-principle to resolve the Derivative Actions. Thereafter, Defendants
produced and Plaintiffs reviewed and analyzed the first batch of documents
produced in the related Securities Class Action, including non-public
information provided by Geron to the FDA related to Geron's IND application, the
clinical hold issued by the FDA and the Company's response thereto. Defendants
also produced and Plaintiffs reviewed related Board materials.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>As a result of the
Derivative Actions and settlement reflected in the Stipulation (the
"Settlement"), Geron will implement certain corporate governance reforms
designed to strengthen the Company's internal controls and systems, particularly
the Company's internal control over disclosure procedures for drug approval,
manufacturing and marketing efforts (to the extent applicable), and material
communications with regulators (the "Corporate Governance Reforms").</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 4 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>II. TERMS OF
SETTLEMENT</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The principal terms,
conditions and other matters that are part of the Settlement, which is subject
to approval by the Court, are summarized below. This summary should be read in
conjunction with, and is qualified in its entirety by reference to, the text of
the Stipulation. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>As a direct result of the
filing, prosecution, and settlement of the Derivative Actions, Geron has agreed
to adopt, implement and ensure adherence to the Corporate Governance Reforms set
forth below. These Corporate Governance Reforms constitute the consideration for
the Settlement, and Geron acknowledges and agrees that Plaintiffs' prosecution
of the Derivative Actions was a substantial factor in Geron's decision to adopt,
implement, and maintain the Reforms. Geron also acknowledges and agrees that the
Settlement confers substantial benefits upon Geron and its
shareholders.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>For example, the Corporate
Governance Reforms include measures that: (i) create a management-level
Disclosure Committee tasked with maintaining and overseeing disclosure controls
and procedures designed to ensure the accuracy of statements relating to
quarterly earnings or material developments under collaboration and license
agreements, reviewing public statements, and if necessary, recommending
corrections or clarifications, reporting at least quarterly to the Audit
Committee and/or full Board, and ensuring that the Company's disclosures are
accurate and complete and fairly present the Company's financials and business
prospects; (ii) strengthen Audit Committee procedures and supervision, and
broaden its mandate to include detailed oversight of the Company's disclosure
controls, financial performance, insider trading program, and handling of and
responses to whistleblower complaints; (iii) mandate an information flow to the
Board to ensure that the Board is informed of all material communications with
the FDA and material developments under collaboration and license agreements;
(iv) amend Geron's Corporate Governance Guidelines to require the appointment of
a Lead Independent Director if the Board appoints a Chairperson of the Board who
does not qualify as an independent director under The NASDAQ Stock Market LLC
Listing Requirements; (v) implement a mandatory director education program; (vi)
enhance Geron's insider trading compliance program to require (a) the
publication of the terms of the program, (b) the appointment of a trading compliance officer, (c) a window for
insiders and pre-approval of all stock sales by Section 16 officers and
directors and Rule 10b5-1 trading plans, and (d) tasking the Audit Committee
with oversight of Geron's insider trading compliance program; and (vii) enhance
the Company's handling of whistleblower complaints through the engagement of a
third-party supplier to provide and monitor a whistleblower hotline.
</FONT><I><FONT face="Times New Roman" size=2>See </FONT></I><FONT face="Times New Roman" size=2>Exhibit A to the Stipulation. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 5 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The Corporate Governance
Reforms shall be maintained for a minimum of three years from the date they are
implemented, respectively, unless abrogated by law.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This Notice provides a
summary of the Corporate Governance Reforms that Geron has agreed to adopt as
consideration for the Settlement. For a complete description of all of the
Corporate Governance Reforms, please see the Stipulation.</FONT></P>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>III. DISMISSAL AND
RELEASES</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The Settlement is
conditioned, among other things, upon: (i) entry of an order by the Court
approving the Settlement and dismissing the State Derivative Action with
prejudice; and (ii) entry of an order by the Federal Court dismissing the
Federal Derivative Action with prejudice. The Settlement will not become
effective until such dismissals have been entered and have become final and
non-appealable (the "Effective Date").</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Upon the Effective Date,
Plaintiffs, all other Applicable Geron Shareholders, Plaintiffs' Counsel, and
Geron shall be deemed to have, and by operation of the Judgment shall have
fully, finally, and forever released, relinquished, and discharged the Released
Claims (including Unknown Claims) against Geron, the Individual Defendants, and
their Related Persons.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Further, upon the Effective
Date, Geron, the Individual Defendants, and their Related Persons shall be
deemed to have, and by operation of the Judgment shall have fully, finally, and
forever released, relinquished, and discharged Plaintiffs, Plaintiffs' Counsel,
and Geron from all claims (including Unknown Claims), arising out of, relating
to, or in connection with the institution, prosecution, assertion, settlement,
or resolution of the Derivative Actions or the Released Claims.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>These releases, however,
shall not in any way impair or restrict the rights of any Settling Party to
enforce the terms of the Stipulation or the Judgment. In addition, nothing in
the Stipulation constitutes or reflects a
waiver or release of any rights or claims of Defendants against their insurers,
or their insurers' subsidiaries, predecessors, successors, assigns, affiliates,
or representatives, including, but not limited to, any rights or claims of
Defendants under any directors' and officers' liability insurance or other
applicable insurance coverage maintained by the Company. Likewise, nothing in
the Stipulation constitutes or reflects a waiver or release of any rights or
claims of the Individual Defendants relating in any way to indemnification,
whether under any written indemnification or advancement agreement, or under the
Company's charter, by-laws, or under applicable law. </FONT></P>
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    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 6 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>IV. PLAINTIFFS'
ATTORNEYS' FEES AND EXPENSES</FONT><FONT face="Times New Roman" size=2>
</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>After negotiating the
Corporate Governance Reforms, Plaintiffs' Counsel and counsel for Defendants
separately negotiated the attorneys' fees and expenses to be paid to Plaintiff's
Counsel. With the assistance of mediator Michelle Yoshida of Phillips ADR, as a
result of these negotiations, and in light of the substantial benefits conferred
upon Geron and its shareholders by the Settlement and Plaintiffs' Counsel's
efforts, Geron's Board has agreed and shall instruct Geron's and the Individual
Defendants' insurers to pay $950,000 for Plaintiffs' attorneys' fees and
expenses, subject to court approval (the "Fee and Expense Amount"). Plaintiffs'
Counsel shall request approval by the Court of the Fee and Expense Amount at the
Settlement Hearing. To date, Plaintiffs' Counsel have neither received any
payment for their services in conducting the Derivative Actions, nor have
Plaintiffs' Counsel been reimbursed for their out-of-pocket litigation expenses
incurred. Plaintiffs' Counsel believe that the Fee and Expense Amount is within
the range of fees and expenses awarded to plaintiffs' counsel under similar
circumstances in litigation of this type.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Plaintiffs may also apply
for Court approval of service awards in the amount of $3,500 for each Plaintiff
(the "Service Awards"), in light of the benefits they have helped to create for
Geron and Applicable Geron Shareholders. The Service Awards, to the extent that
they are applied for and approved by the Court in whole or in part, shall be
funded solely from the Fee and Expense Amount to Plaintiffs' Counsel and any
application for the Service Awards shall not increase the amount of the Fee and
Expense Amount. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 7 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>V. REASONS FOR THE
SETTLEMENT</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Counsel for the Settling
Parties believe that the Settlement is in the best interests of the Plaintiffs,
Individual Defendants, Geron and its shareholders. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>A. Why Did
Plaintiffs Agree to Settle?</FONT><FONT face="Times New Roman" size=2>
</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Plaintiffs believe that the
Derivative Actions have substantial merit, and Plaintiffs' entry into the
Stipulation and this Settlement is not intended to be and shall not be construed
as an admission or concession concerning the relative strength or merit of the
claims alleged in the Derivative Actions. Plaintiffs and their counsel also
acknowledge the significant risk, expense, and length of continued proceedings
necessary to prosecute the Derivative Actions against the Defendants through
trial and through possible appeals. Plaintiffs' Counsel have also taken into
account the substantial risks, costs, and delays involved in complex shareholder
derivative litigation, generally, as well as the unique challenges presented by
the Derivative Actions, including establishing that demand on the Board would be
futile and the exculpation and indemnification rights afforded the director
Defendants pursuant to Delaware General Corporate Law &#167;102(b)(7). </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Based on Plaintiffs'
Counsel's thorough review and analysis of the relevant facts and the
circumstances, allegations, defenses, and controlling legal principles,
Plaintiffs' Counsel have determined that the Settlement set forth in the
Stipulation is fair, reasonable, and adequate, and confers substantial benefits
upon Geron and its shareholders. Based on their evaluation, Plaintiffs and their
counsel believe that the Settlement is in the best interests of Geron and its
shareholders and have agreed to settle the Derivative Actions upon the terms and
subject to the conditions set forth herein.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>B. Why Did the
Defendants Agree to Settle?</FONT><FONT face="Times New Roman" size=2>
</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Defendants have denied and
continue to deny each and all of the claims, contentions, and allegations made
against them or that could have been made against them in the Derivative
Actions, and believe the Derivative Actions have no merit. The Individual
Defendants expressly assert that they have satisfied their fiduciary duties and
have acted in good faith and in the best interest of Geron and its shareholders
at all relevant times. Nevertheless, Defendants have determined that it is
desirable and beneficial that the Derivative Actions be settled in the manner
and upon the terms and conditions set forth in the Stipulation because, among
other things, it will allow the Company to conclude this litigation on terms
that are just and reasonable, including the adoption and maintenance of the
Corporate Governance Reforms. Further, Geron, through its Board, believes that
the Settlement provides benefits to the Company and its shareholders and that it
is fair, reasonable, and adequate, and in the best interests of Geron and its
shareholders.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 8 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>VI. THE SETTLEMENT
HEARING AND YOUR RIGHT TO BE HEARD</FONT><FONT face="Times New Roman" size=2>
</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On November 18, 2016, at 9:30 a.m., the Court will hold the Settlement Hearing before the
Honorable Marie Weiner, Department 2, in the Superior Court of the State of California, San Mateo
County, located at Courtroom 2E, 400 County Center, Redwood City, CA 94063-1655. The Settlement Hearing may be continued
by the Court without further notice.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>At the Settlement Hearing,
the Court will consider whether the terms of the Settlement are fair, reasonable
and adequate and thus should be finally approved, whether the Fee and Expense
Amount should be approved, whether the Service Awards should be approved, and
whether the State Derivative Action should be dismissed with prejudice pursuant
to the Stipulation.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>You have the right, but are
not required, to appear in person or through counsel at the Settlement Hearing
to object to the terms of the proposed Settlement or otherwise present evidence
or argument that may be proper and relevant. However, no Applicable Geron
Shareholders shall be heard or entitled to contest the approval of the proposed
Settlement, or, if approved, the Judgment to be entered hereon, unless that
Applicable Geron Shareholder has,</FONT><B><I><FONT face="Times New Roman" size=2> at least fourteen (14) calendar days prior to the Settlement
Hearing</FONT></I></B><FONT face="Times New Roman" size=2>, filed with the Clerk
of the Court a written objection to the Settlement setting forth: (i) a written
notice of objection with the Person's name, address, and telephone number, along
with a representation as to whether such Person intends to appear at the
Settlement Hearing; (ii) competent evidence that such Person held shares of
Geron common stock within the Relevant Time Period and/or as of July 22, 2016;
(iii) a statement of objections to any matters before the Court, the grounds
therefor, or the reasons for such Person desiring to appear and be heard, as
well as all documents or writings such Person desires the Court to consider; and
(iv) the identities of any witnesses such
Person plans on calling at the Settlement Hearing, along with a summary
description of their likely testimony.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 9 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>YOUR WRITTEN OBJECTIONS
MUST BE ON FILE WITH THE CLERK OF THE COURT NO LATER THAN November 4, 2016. The Court Clerk's address is:</FONT></P>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%">
      <P align=justify><FONT face="Times New Roman" size=2>Clerk of the
      Court<BR></FONT><FONT face="Times New Roman" size=2>SUPERIOR COURT OF THE
      STATE OF CALIFORNIA<BR>COUNTY OF SAN MATEO <BR></FONT><FONT face="Times New Roman" size=2>Hall of Justice, First Floor, Room A<BR>
400 County Center<BR>
Redwood City, CA 94063-1655</FONT></P></TD></TR></TABLE>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>YOU ALSO MUST DELIVER
COPIES OF THE MATERIALS TO PLAINTIFFS' COUNSEL AND COUNSEL FOR GERON SO THEY ARE
RECEIVED NO LATER THAN November 4, 2016. Counsel's addresses are:</FONT></P>
<P align=justify>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><B><I><FONT face="Times New Roman" size=2>Counsel for Plaintiffs</FONT></I></B></TD></TR>
  <TR>
    <TD width="20%"></TD>
    <TD width="80%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>Craig W.
      Smith</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>ROBBINS ARROYO
      LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%">&nbsp;</TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>600 B Street,
      Suite 1900</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>San Diego, CA
      92101</FONT></TD></TR>
  <TR>
    <TD width="20%"></TD>
    <TD width="80%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><B><I><FONT face="Times New Roman" size=2>Counsel for Nominal Defendant Geron</FONT></I></B></TD></TR>
  <TR>
    <TD width="20%"></TD>
    <TD width="80%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>Ryan E.
      Blair</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>COOLEY
    LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>4401 Eastgate
      Mall</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="20%"></TD>
    <TD noWrap align=left width="80%"><FONT face="Times New Roman" size=2>San Diego, CA
      92121</FONT></TD></TR></TABLE></P>
<P align=justify><FONT face="Times New Roman" size=2>Unless the Court orders
otherwise, your objection will not be considered unless it is timely filed with
the Court and delivered to Plaintiffs' Counsel and counsel for Geron.
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Any Person or entity who
fails to object or otherwise request to be heard in the manner prescribed above
will be deemed to have waived the right to object to any aspect of the
Settlement or otherwise request to be heard (including the right to appeal) and
will be forever barred from raising such objection or request to be heard in
this or any other action or proceeding. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 10 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>VII. HOW TO OBTAIN
ADDITIONAL INFORMATION</FONT><FONT face="Times New Roman" size=2>
</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This Notice summarizes the
Stipulation. It is not a complete statement of the events of the Derivative
Actions or the Stipulation. </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>There is additional
information concerning the Settlement available in the Stipulation, which may be
viewed on the websites of Robbins Arroyo LLP at
http://www.robbinsarroyo.com/notices.html, The Shuman Law Firm at
http://www.shumanlawfirm.com/notices/notices.html and Geron at
http://ir.geron.com/phoenix.zhtml?c=67323&amp;p=irol-sec. You may also inspect
the Stipulation during business hours at the office of the Clerk of the Court
for the County of San Mateo, Hall of
Justice, First Floor, Room A, 400 County Center, Redwood City, California
94063-1655. However, you must appear in person to inspect these documents. The
Clerk's office will not mail copies to you.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>For more information
concerning the Settlement, you may also call or write to: Robbins Arroyo LLP,
c/o Darnell Donahue, Client Relations, 600 B Street, Suite 1900, San Diego,
California 92101, Telephone: (619) 525-3990.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>PLEASE DO NOT CALL, WRITE,
OR OTHERWISE DIRECT QUESTIONS TO EITHER THE COURT OR THE CLERK'S OFFICE.
</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>DATED August 19,
      2016</FONT></TD>
    <TD noWrap align=left width="51%"><FONT face="Times New Roman" size=2>BY ORDER OF THE
      COURT</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%">&nbsp;</TD>
    <TD noWrap align=left width="51%"><FONT face="Times New Roman" size=2>SUPERIOR COURT OF
      CALIFORNIA</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="51%"><FONT face="Times New Roman" size=2>COUNTY OF SAN
      MATEO</FONT></TD></TR></TABLE><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 11 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>NOTICE OF PROPOSED
      SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>geron29174617_2-ex993.htm
<DESCRIPTION>AMENDED STIPULATION OF SETTLEMENT, DATED AUGUST 18, 2016
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
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<BODY bgcolor=#ffffff>
<BR>
<P align=right><B><FONT face="Times New Roman" size=2>EXHIBIT 99.3
</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>Amended Stipulation of
Settlement, dated August 18, 2016 </FONT></B></P>
<P align=left><FONT face="Times New Roman" size=2>ROBBINS ARROYO LLP<BR>BRIAN J.
ROBBINS (190264)<BR>CRAIG W. SMITH (164886)<BR>JENNY L. DIXON (192638)<BR>GINA
STASSI (261263)<BR>600 B Street, Suite 1900<BR>San Diego, CA 92101<BR>Telephone:
(619) 525-3990<BR>Facsimile: (619) 525-3991 </FONT></P>
<P align=left><FONT face="Times New Roman" size=2>Attorneys for Plaintiff Joseph
Oriente</FONT></P>
<P align=left><FONT face="Times New Roman" size=2>[<EM>Additional Counsel on
Signature Page</EM>] </FONT></P>
<P align=center><FONT face="Times New Roman" size=2>SUPERIOR COURT OF THE STATE
OF CALIFORNIA</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>COUNTY OF SAN MATEO
</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>JOSEPH ORIENTE,
      Derivatively on Behalf</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>Case No. CIV528121</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>of GERON
      CORPORATION,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>(Consolidated with Case No. CIV
      535151)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="42%"><FONT face="Times New Roman" size=2></FONT></TD>
    <TD noWrap align=left width="3%"><FONT face="Times New Roman" size=2>Plaintiff,</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      v.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; <STRONG><FONT size=2 face="Times New Roman">AMENDED STIPULATION OF
SETTLEMENT</FONT></STRONG></FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>JOHN A. SCARLETT,
      OLIVIA K.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>BLOOM, KARIN
      EASTHAM, V. BRYAN</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>LAWLIS, DANIEL M.
      BRADBURY,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>THOMAS
      HOFSTAETTER, ROBERT J.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>SPIEGEL, HOYOUNG
      HUH, SUSAN M.</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>MOLINEAUX, and
      DOES 1-25, inclusive,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="42%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
    <TD noWrap align=left width="3%"><FONT face="Times New Roman" size=2>Defendants,</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      -and-</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>GERON
      CORPORATION, a Delaware</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%"><FONT face="Times New Roman" size=2>corporation,</FONT></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="42%">&nbsp;</TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=right width="45%" colSpan=2><FONT face="Times New Roman" size=2>Nominal
      Defendant.</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="52%"><FONT face="Times New Roman" size=2>)<FONT size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT>Date Action Filed: April 21, 2014</FONT></TD></TR>
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<DIV STYLE="PAGE-BREAK-BEFORE: ALWAYS"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>This Amended Stipulation
of Settlement dated August 18, 2016 (the "Stipulation") hereby amends the Stipulation of Settlement dated July 22, 2016, and is
made and entered into by and among the following Settling Parties<SUP>1</SUP>: (i) Plaintiffs Joseph Oriente and Joel Coval (the
"State Plaintiffs"), on behalf of themselves and derivatively on behalf of Geron Corporation ("Geron" or the "Company"), and their
respective counsel; (ii) Plaintiffs Richard DiLaura and Adrianne Haddock (the "Federal Plaintiffs"), on behalf of themselves and
derivatively on behalf of Geron, and their respective counsel; (iii) the Individual Defendants and their respective counsel; and
(iv) nominal defendant Geron and its counsel. The Stipulation is intended by the Settling Parties to fully, finally and forever
resolve, discharge and settle the Released Claims, upon and subject to the terms and conditions hereof. </FONT></P>
<P align="justify"><B><FONT face="Times New Roman" size=2>I. FACTUAL BACKGROUND</FONT></B></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><B><FONT face="Times New Roman" size=2> A. Procedural History</FONT></B></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Geron is a clinical stage biopharmaceutical company focused on developing its sole drug candidate, imetelstat. Between late 2011 and early 2014 (the "Relevant Time Period"), Geron issued a series of press releases and statements
to analysts and investors regarding the purported efficacy and safety of the Company's investigational new drug candidate, imetelstat. On March 12, 2014, Geron publicly announced that it had received verbal notice from the U.S. Food and Drug
Administration ("FDA") that its Investigational New Drug ("IND") application for imetelstat had been placed on full clinical hold due to safety concerns, affecting all ongoing Company-sponsored clinical trials. As disclosed on March 17, 2014, the
FDA subsequently issued a written notice which cited the following safety issues as the basis for the clinical hold: lack of current evidence of reversibility of hepatotoxicity, risk for chronic liver injury and lack of adequate follow-up in
patients who experienced hepatotoxicity.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt">
<FONT face="Times New Roman" size=2>Shortly before this Action commenced, the Company and certain of its current and former officers were sued for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and U.S. Securities and Exchange
Commission ("SEC") Rule 10b-5 promulgated thereunder for allegedly making false and misleading statements regarding imetelstat. The two federal securities class actions, filed March 14 and March 19, 2014 in the United States District Court for the
Northern District of California (the "Federal Court"), are currently pending before the Honorable Charles R. Breyer in the consolidated action titled, </FONT><I><FONT face="Times New Roman" size=2>In re: Geron Corporation Securities Litigation</FONT></I><FONT face="Times New Roman" size=2>, Case No. 3:14-cv-01224-CRB (the "Securities Class Action"). </FONT></P>

<div>____________________</div>
<P align="justify"><FONT size=2 face="serif"><sup>1</sup> All capitalized terms not otherwise defined are defined in Section IV.1. </FONT></P>
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<DIV STYLE="PAGE-BREAK-BEFORE: ALWAYS"></DIV><BR>

<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On April 21, 2014, the first of two state derivative actions, </FONT><I><FONT face="Times New Roman" size=2>Oriente v. Scarlett, et al.</FONT></I><FONT face="Times New Roman" size=2>, San Mateo County Case No. CIV 528121, was filed in this Court (collectively, the
two state derivative actions are referred to herein as the "Action").  This Action was brought on behalf of the Company against certain Geron officers and directors seeking to remedy the Individual Defendants' alleged violations of state law,
including breaches of fiduciary duty, waste of corporate assets, and unjust enrichment arising out of allegedly improper statements regarding imetelstat's efficacy and safety results, and the Company's business prospects. On June 4, 2014, the Court
entered an order based on the parties' stipulation that stayed the Action pending resolution of the motion to dismiss the Securities Class Action, and provided Plaintiff the right to obtain any discovery generated therein ("Stay Order"). Pursuant to
the Stay Order, the parties have submitted periodic status reports to the Court every ninety (90) days.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On April 10, 2015, the district court granted in part and denied in part defendants' motion to dismiss the Securities Class Action. Defendants answered the complaint, but filed a motion for reconsideration of the district court's
ruling on the motion to dismiss, which was denied on September 3, 2015.  Defendants mediated the Securities Class Action, but those settlement discussions were unsuccessful and discovery has commenced.<sup>2</sup></FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Two federal derivative actions were filed on June 26 and June 29, 2015 in the Federal Court arising out of substantially the same facts and
circumstances as this Action: <I>DiLaura v. Scarlett et al</I>, CA No. 4:15-cv-02989 and <I>Haddock v. Scarlett et al</I>, CA No. 3:15-cv-03007. These actions were consolidated,
deemed related to the Securities Class Action and stayed (the "Federal Derivative Action," and collectively with the "Action," the "Derivative Actions").</FONT></P>
<div>____________________</div>
<P align="justify"><FONT size=2 face="serif"><sup>2</sup> This Stipulation and the Settlement do not involve the Securities Class Action. </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>

<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On August 25, 2015, another Geron shareholder, Joel Coval, commenced a second state derivative action in this Court, captioned
</FONT><I><FONT face="Times New Roman" size=2>Cavel v. Scarlett, et
al.</FONT></I><FONT face="Times New Roman" size=2>, Case No. CIV 535151, which
the Court ordered consolidated with the Action on September 25, 2015.<sup>3</sup></FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Discovery generated in the
related Securities Class Action is being provided to Plaintiffs in the
Derivative Actions, subject to a confidentiality agreement. Defendants have
provided and Plaintiffs have reviewed the first production set, which includes,
</FONT><I><FONT face="Times New Roman" size=2>inter alia</FONT></I><FONT face="Times New Roman" size=2>: formal communications with the FDA regarding
Geron's phase 2 clinical trial of imetelstat in patients with essential
thrombocythemia ("ET") or polycythemia vera ("PV") (the "Phase 2 ET/PV Trial"),
liver function test ("LFT") results observed in the Phase 2 ET/PV Trial, and the
imposition and subsequent lifting of the clinical hold; formal communications
from Geron to Phase 2 ET/PV Trial study sites and investigators regarding the
LFT results; formal reports and minutes of meetings of the panel of liver
experts that evaluated the LFT results; and the summary of the LFT results and
FDA response letter-brief submitted by Geron to the FDA. Defendants also have
provided and Plaintiffs have reviewed Board minutes and other Board materials
concerning the Phase 2 ET/PV Trial during the Relevant Time Period.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><B><FONT face="Times New Roman" size=2>B. Settlement
Efforts</FONT></B></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On August 7, 2015,
Plaintiff Oriente and the Federal Plaintiffs served a settlement demand,
proposing, among other things, comprehensive corporate governance reforms
designed to address Defendants' alleged breach of fiduciary duties, as well as
structural reforms designed to improve the independence and rigor of Board and
committee oversight of core operations. In August and September, the parties,
through their counsel, discussed whether it was appropriate to mediate this
matter concurrent with the Securities Class Action mediation scheduled for
November 2, 2015. The parties deferred a decision on mediation until further
progress could be made on the terms of any potential derivative
settlement.</FONT></P>
<div ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On September 23, 2015,
Defendants provided a response to the August 7 settlement demand. The Settling
Parties, through their counsel, discussed Defendants' response telephonically on
September 29, 2015, and again on September 30, 2015. In response to queries from
Plaintiff Oriente and Federal Plaintiffs, on October 1, 2015, Defendants
provided relevant public and internal information to facilitate further
discussions. Based on this information, counsel for Plaintiff Oriente and
Federal Plaintiffs drafted revised corporate governance proposals, which they
circulated to Defendants on October 7, 2015.</FONT></div>
<div>____________________</div><BR>

<div ALIGN="JUSTIFY"><FONT face="Times New Roman" size=2><sup>3</sup> Plaintiff Joel Coval's name was incorrectly spelled as Joel Cavel in previous documents.</FONT></div>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On October 14, 2015,
counsel for Plaintiff Oriente, Federal Plaintiffs, and Defendants continued
settlement discussions telephonically and, on October 22, 2015, Defendants
provided their written response to the revised corporate governance proposals.
The following day, Plaintiff Oriente and Federal Plaintiffs provided written
comments to Defendants and all counsel subsequently convened to discuss on
October 28, 2015. Defendants submitted their response on October 29, 2015 and,
given the status of the settlement discussions, determined that Plaintiff
Oriente and Federal Plaintiffs would not participate in the November 2,
2015 mediation of the Securities Class Action. Negotiations continued throughout
November and into December, with the Settling Parties exchanging additional
written settlement proposals. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On December 15, 2015, the
Settling Parties reached an agreement on the essential terms of an
agreement-in-principle to resolve the Derivative Actions. Thereafter, Defendants
produced and Plaintiffs reviewed and analyzed the first batch of documents
produced in the related Securities Class Action, including non-public
information provided by Geron to the FDA related to Geron's IND application, the
clinical hold issued by the FDA and the Company's response thereto. Defendants
also produced and Plaintiffs reviewed related Board materials.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>On April 25, 2016, counsel
for the Settling Parties participated in a full day mediation session with
Michelle Yoshida, a full-time mediator, arbitrator and special master with
Phillips ADR, in Corona Del Mar, California. The Settling Parties prepared and
exchanged detailed briefs prior to the mediation that addressed the value of the
Reforms (as defined below), the benefits to Geron and its stockholders, and the
fee and expense award. In the course of negotiations, Mediator Yoshida issued a
Mediator's Proposal as to an appropriate fee and expense award that counsel for
the Settling Parties accepted. </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>As a result of the
Derivative Actions and Settlement (as defined below) reflected in this
Stipulation, Geron will implement corporate governance reforms and refinements
designed to improve the information flow to and effectiveness of the Geron Board
and its Audit Committee, as well as its internal controls and systems,
particularly the Company's internal control over financial reporting and
disclosure procedures for drug approval, manufacturing and marketing efforts,
and material communications with regulators. The reforms and refinements are
detailed in Exhibit A hereto and are collectively referred to as the
"Corporate Governance Reforms" or the "Reforms."</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>These Reforms include measures that: (i) create a
management-level Disclosure Committee tasked with maintaining and overseeing
disclosure controls and procedures designed to ensure the accuracy of statements
relating to quarterly earnings or material developments under collaboration and
license agreements, reviewing public statements, and if necessary, recommending
corrections or clarifications, reporting at least quarterly to the Audit
Committee and/or full Board, and ensuring that the Company's disclosures are
accurate and complete and fairly present the Company's financials and business
prospects; (ii) strengthen Audit Committee procedures and supervision, and
broaden its mandate to include detailed oversight of the Company's disclosure
controls, financial performance, insider trading program, and handling of and
responses to whistleblower complaints; (iii) mandate an information flow to the
Board to ensure that the Board is informed of all material communications with
the FDA and material developments under collaboration and license agreements;
(iv) amend Geron's Corporate Governance Guidelines to require the appointment of
a Lead Independent Director if the Board appoints a Chairperson of the Board who
does not qualify as an independent director under The NASDAQ Stock Market LLC
Listing Requirements; (v) implement a mandatory director education program; (vi)
enhance Geron's insider trading compliance program to require (a) the
publication of the terms of the program, (b) the appointment of a trading
compliance officer, and (c) a window for insiders and pre-approval of all stock
sales by Section 16 officers and directors and Rule 10b5-1 trading plans, and
tasking the Audit Committee with oversight of Geron's insider trading compliance
program; and (vii) enhance the Company's handling of whistleblower complaints
through the engagement of a third-party supplier to provide and monitor a
whistleblower hotline. <I>See </I> Exhibit A. </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>The Settling Parties
believe that a settlement at this juncture on the terms and on the
conditions set forth in the Stipulation is fair, reasonable, and adequate. In
addition, the Geron Board has, in the exercise of its business judgment,
formally approved the Settlement and each of its terms, as fair, just, and
adequate, and in the best interest of Geron and its shareholders. </FONT></P>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>II.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>PLAINTIFFS' CLAIMS AND THE BENEFITS OF SETTLEMENT</FONT></STRONG><FONT face="Times New Roman" size=2> </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Plaintiffs believe that the
Derivative Actions have substantial merit, and Plaintiffs' entry into the
Stipulation and Settlement is not intended to be and shall not be construed as
an admission or concession concerning the relative strength or merit of the
claims alleged in the Derivative Actions. Plaintiffs and their counsel also
acknowledge the significant risk, expense, and length of continued proceedings
necessary to prosecute the Derivative Actions against the Defendants through
trial and through possible appeals. Plaintiffs' Counsel have also taken into
account the substantial risks, costs, and delays involved in complex shareholder
derivative litigation, generally, as well as the unique challenges presented by
the Derivative Actions, including establishing that demand on the Board would be
futile and the exculpation and indemnification rights afforded the director
Defendants pursuant to Delaware General Corporate Law &#167;102(b)(7). </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Plaintiffs' Counsel have
conducted an extensive investigation, including: (i) reviewing Geron's press
releases, public statements, SEC filings, and securities analysts' reports and
advisories about the Company; (ii) reviewing media reports about the Company;
(iii) researching the applicable law with respect to the claims alleged in the
Action and the potential defenses thereto; (iv) reviewing publicly available
materials regarding the Company's IND and clinical trials for imetelstat; (v)
preparing and filing derivative complaints; (vi) conducting damages analyses;
(vii) participating in informal conferences with Defendants' Counsel regarding
the specific facts of the cases, the perceived strengths and weaknesses of the
cases, and other issues in an effort to facilitate negotiations and fact gathering; (viii) reviewing and analyzing relevant
documents in the Securities Class Action and evaluating the merits of, and the
Defendants' potential liability in connection with, the Securities Class Action;
(ix) researching corporate governance "best practices" relevant to Geron's
industry; (x) reviewing and analyzing documents produced by Geron, including,
</FONT><I><FONT face="Times New Roman" size=2>inter alia</FONT></I><FONT face="Times New Roman" size=2>, Board minutes and other Board materials
concerning the Phase 2 ET/PV Trial from the Relevant Time Period, formal
communications with the FDA regarding the LFT results and the imposition and
subsequent lifting of the clinical hold, formal communications from Geron to
Phase 2 ET/PV Trial study sites and investigators regarding the LFT results,
formal reports and minutes of meetings of the panel of liver experts that
evaluated the LFT results, and the summary of LFT results and FDA response
letter-brief submitted by Geron to the FDA.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>In addition, Plaintiffs
engaged in lengthy, arms' length negotiations with Defendants; researched and
briefed the value of the Reforms and the benefits they confer on Geron and its
shareholders, and the appropriate fee award in light of the value of those
benefits; and participated in a full day mediation before Mediator Yoshida with
Defendants. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Based on Plaintiffs'
Counsel's thorough review and analysis of the relevant facts and the
circumstances, allegations, defenses, and controlling legal principles,
Plaintiffs' Counsel have determined that the Settlement set forth in the
Stipulation is fair, reasonable, and adequate, and confers substantial benefits
upon Geron and its shareholders. Based on their evaluation, Plaintiffs and their
counsel believe that the Settlement is in the best interests of Geron and its
shareholders and have agreed to settle the Derivative Actions upon the terms and
subject to the conditions set forth herein.</FONT></P>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>III.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>DEFENDANTS' DENIALS OF WRONGDOING AND LIABILITY</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Defendants have denied and
continue to deny each and all of the claims, contentions, and allegations made against them or that could have been
made against them in the Derivative Actions, and believe the Derivative Actions
have no merit. The Individual Defendants expressly assert that they have
satisfied their fiduciary duties and have acted in good faith and in the best
interest of Geron and its shareholders at all relevant times. Nevertheless,
Defendants have determined that it is desirable and beneficial that the
Derivative Actions be settled in the manner and upon the terms and conditions
set forth in this Stipulation because, among other things, it will allow the
Company to conclude this litigation on terms that are just and reasonable,
including the adoption and maintenance of the Reforms at Exhibit A. Further,
Geron, through its Board, believes that the Settlement provides a substantial
benefit to the Company and its shareholders and that it is fair, reasonable, and
adequate, and in the best interests of Geron and its
shareholders.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>Neither this Stipulation,
nor any of its terms or provisions, nor entry of the Judgment, nor any document
or exhibit referred or attached to this Stipulation, nor any action taken to
carry out this Stipulation, is, may be construed as, or may be used as evidence
of the validity of any of the Released Claims or an admission by or against
Defendants of any fault, wrongdoing, or concession of liability whatsoever.
</FONT></P>
<P align=justify><STRONG><FONT face="Times New Roman" size=2>IV.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>TERMS
OF STIPULATION AND SETTLEMENT AGREEMENT</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>NOW, THEREFORE, IT IS
HEREBY STIPULATED AND AGREED by and among the undersigned counsel for the
Settling Parties herein, in consideration of the benefits flowing to the
Settling Parties from the Settlement, and subject to the approval of the Court,
that the claims asserted in the Derivative Actions and the Released Claims shall
be fully, finally, and forever compromised, settled, and released, and the
Derivative Actions shall be dismissed with prejudice and with full preclusive
effect as to all Settling Parties, upon and subject to the terms and conditions
of the Stipulation, as set forth </FONT><FONT face="Times New Roman" size=2>below. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>1.</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG><FONT face="Times New Roman" size=2><STRONG>Definitions</STRONG> </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>As used in the Stipulation
the following terms have the meanings specified below:</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.1.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Applicable Geron Shareholders" means any Person who owned Geron common
stock during the Relevant Time Period and/or as of the date of the execution of
the Stipulation, excluding the Individual Defendants, the officers and directors
of Geron, members of their immediate families, and their legal representatives,
heirs, successors, or assigns, and any entity in which Individual Defendants
have or had a controlling interest. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.2.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Board" means the Geron Board of Directors. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.3.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Court" means Superior Court of the State of California, County of San
Mateo.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.4.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Defendants" means, collectively, Geron, John A. Scarlett, Olivia K.
Bloom, Karin Eastham, V. Bryan Lawlis, Daniel M. Bradbury, Thomas Hofstaetter,
Robert J. Spiegel, Hoyoung Huh, Susan M. Molineaux, and Stephen M. Kelsey.
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.5.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Defendants' Counsel" means Cooley LLP. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.6.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Derivative Actions" refer to this consolidated Action and the
consolidated Federal Derivative Action. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.7.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Effective Date" means the first business day after the events and
conditions specified in paragraph 6.1 of the Stipulation have been met and have
occurred.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.8.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Fee
and Expense Amount" means the agreed upon sum of $950,000.00 to be paid to
Plaintiffs' Counsel for their attorneys' fees and expenses, subject to approval
by the Court. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.9.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Final" means the date upon which the last of the following shall occur
with respect to the Judgment approving the Stipulation, substantially in the
form of Exhibit E attached hereto: (i) the expiration of the time to file a
notice of appeal from the Judgment; or (ii) if an appeal has been filed,
the Court of Appeal has either affirmed the Judgment or dismissed such appeal
and the time for any reconsideration or further appellate review has passed; or
(iii) if a higher court has granted further appellate review, that court has
either affirmed the underlying Judgment or affirmed the Court of Appeal's
decision affirming the Judgment or dismissing the appeal. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.10.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Geron" or the "Company" means nominal defendant Geron Corporation, a
Delaware corporation, and its affiliates, subsidiaries, predecessors,
successors, and assigns. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.11.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Individual Defendant," individually, and "Individual Defendants,"
collectively, means John A. Scarlett, Olivia K. Bloom, Karin Eastham, V. Bryan
Lawlis, Daniel M. Bradbury, Thomas Hofstaetter, Robert J. Spiegel, Hoyoung Huh,
Susan M. Molineaux, and Stephen M. Kelsey. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.12.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Judgment" means the Order and Final Judgment to be rendered by the
Court, substantially in the form attached hereto as Exhibit E. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.13.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Notice" means the Notice of Proposed Settlement and Settlement Hearing,
substantially in the form attached hereto as Exhibit C. </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.14.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Person" means an individual, corporation, limited liability corporation,
professional corporation, partnership, limited partnership, limited liability
partnership, association, joint stock company, estate, legal representative,
trust, unincorporated association, government or any political subdivision or
agency thereof, and any business or legal entity and their spouses, heirs,
predecessors, successors, representatives, or assignees. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.15.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Plaintiffs" means, collectively: (i) State Plaintiffs Joseph Oriente and
Joel</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Coval; and (ii) Federal Plaintiffs Richard DiLaura
and Adrianne Haddock.</FONT><FONT face="Times New Roman" size=2> </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.16. "Plaintiffs' Counsel" means (i) Robbins Arroyo
LLP; (ii) The Shuman Law Firm; and (iii) The Weiser Law Firm. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.17.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Preliminary Approval Order" means the order to be entered by the Court,
substantially in the form attached hereto as Exhibit B, which preliminarily
approves the terms and conditions of the Settlement as set forth in this
Stipulation, directing that Notice be provided to Applicable Geron Shareholders,
and scheduling a Settlement Hearing to consider whether the Settlement and the
Fee and Expense Amount should be finally approved. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.18.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Related Persons" means: (i) with regard to each Individual Defendant,
the Individual Defendant's spouses, marital communities, immediate family
members, heirs, executors, personal representatives, estates, administrators,
trusts, predecessors, successors, and assigns or other individual or entity in
which any Individual Defendant has a controlling interest, and each and all of
their respective past and present officers, directors, employees, agents,
affiliates, parents, subsidiaries, divisions, attorneys, accountants, auditors,
advisors, insurers, co-insurers, re-insurers, heirs, executors, personal
representatives, estates, administrators, trusts, predecessors, successors, and
assigns; and (ii) with regard to Geron, all past or present agents, officers,
directors, attorneys, accountants, auditors, advisors, insurers, co-insurers,
reinsurers, partners, controlling shareholders, joint venturers, related or
affiliated entities, advisors, employees, affiliates, predecessors, successors,
parents, subsidiaries, insurers, and assigns for Geron.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.19.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Released Claims" means any and all actions, suits, claims, debts,
rights, liabilities, and causes of action, whether under federal, state, local,
statutory, common law, foreign law, or any other law, rule or regulation,
including both known and Unknown Claims, that: (a) were asserted or could have
been asserted by any shareholder on behalf
of Geron, or by Geron, against any Released Person; and (b) concern, arise out
of, or relate to: (i) the allegations asserted in the Derivative Actions or the
matters and occurrences that were alleged in the Derivative Actions; or (ii) the
Settlement, defense or resolution of the Derivative Actions, except for any
claims to enforce the Settlement. Excluded from the term "Released Claims" are
all claims alleged in the Securities Class Action.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.20.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Released Persons" means each and all of Geron, the Individual
Defendants, and their Related Persons. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.21.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Releasing Persons" means each and all of Plaintiffs (individually,
collectively, and derivatively on behalf of Geron), all other Applicable Geron
Shareholders, Plaintiffs' Counsel, and Geron. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.22.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Settlement" means the settlement and compromise of the Derivative
Actions as provided for herein. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.23.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Settlement Hearing" means the hearing or hearings at which the Court
will review the adequacy, fairness, and reasonableness of the Settlement.
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.24.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Settling Party," individually, or "Settling Parties," collectively,
means Plaintiffs (on behalf of themselves, individually and collectively, and
derivatively on behalf of Geron) and Defendants. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.25.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Summary Notice" means the Summary Notice of Proposed Settlement and
Settlement Hearing, substantially in the form of the attached hereto as Exhibit
D. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>1.26.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>"Unknown Claims" means any Released Claims which any of Plaintiffs,
Geron, or Applicable Geron Shareholders do not know of or suspect to exist in
his, her, or its favor at the time of the release of the Released Persons. With
respect to any and all Released Claims, the Settling Parties agree that upon the
Effective Date, the Settling Parties expressly waive and each of the Applicable
Geron Shareholders shall be deemed to have,
and by operation of the Judgment shall have, expressly waived the provisions,
rights, and benefits conferred by or under California Civil Code section 1542,
or any other law of the United States or any state or territory of the United
States, or foreign jurisdiction, or principle of common law, which is similar,
comparable, or equivalent to section 1542, which provides:
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="padding-left: 15pt; padding-right: 15pt"><FONT face="Times New Roman" size=2>A GENERAL RELEASE DOES NOT
EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR
HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.
</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY"><FONT face="Times New Roman" size=2>The Settling Parties
acknowledge, and the Applicable Geron Shareholders shall be deemed by operation
of the Judgment to have acknowledged, that they may hereafter discover facts in
addition to or different from those now known or believed to be true by them,
with respect to the subject matter of the Released Claims, but it is the
intention of the Settling Parties, and by operation of the Judgment for
Applicable Geron Shareholders to be deemed, to completely, fully, finally, and
forever compromise, settle, release, discharge, and extinguish any and all
Released Claims, known or unknown, suspect or unsuspected, contingent or
absolute, accrued or unaccrued, apparent or unapparent, hidden or concealed,
which do now exist, or heretofore existed, or may hereafter exist, and without
regard to the subsequent discovery of additional or different facts. The
Settling Parties acknowledge, and the Applicable Geron Shareholders shall be
deemed by operation of the Judgment to have acknowledged, that the foregoing
waiver was separately bargained for and is a key element of the Stipulation of
which this release is a part. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2><STRONG>2. Terms of the
Settlement</STRONG></FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>As a
direct result of the filing, prosecution, and settlement of the Derivative
Actions, Geron has agreed to adopt, implement and ensure adherence to the
Corporate Governance Reforms attached as Exhibit A within ninety (90) days of
the Court entering Judgment dismissing the Action with prejudice and the Federal
Court's issuance of an order dismissing the Federal Derivative Action with
prejudice. The Geron Board, or appropriate committees thereof, shall also take
all other actions required herein by the times specified herein. The Geron Board
further agrees that the Corporate Governance Reforms identified in Exhibit A
will be maintained, adequately funded, and confirmed upon request by Plaintiffs'
Counsel for not less than three (3) years from the date they are implemented,
respectively, unless abrogated by law. Defendants acknowledge and agree that
Plaintiffs' prosecution of the Derivative Actions was the primary factor in
Geron's decision to adopt, implement, and maintain the Reforms set forth in
Exhibit A, and that the Settlement confers a substantial benefit upon Geron and
its shareholders.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>3.</FONT><FONT face="Times New Roman" size=2> </FONT></STRONG><FONT face="Times New Roman" size=2><STRONG>Approval and Notice</STRONG> </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Promptly after execution of the Stipulation, Plaintiffs shall submit the
Stipulation together with its exhibits to the Court and shall apply for entry of
an order (the "Preliminary Approval Order"), substantially in the form of
Exhibit B attached hereto, requesting: (i) preliminary approval of the
Settlement set forth in this Stipulation; (ii) approval of the form and manner
of providing notice of the Settlement to Applicable Geron Shareholders; and
(iii) a date for the Settlement Hearing.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Notice
to Applicable Geron Shareholders shall consist of a Notice of Proposed
Settlement and Settlement Hearing ("Notice") and Summary Notice of Proposed
Settlement and Settlement Hearing ("Summary Notice"), which includes the general
terms of the Settlement set forth in the Stipulation and the date of the
Settlement Hearing, substantially in the forms attached </FONT><FONT face="Times New Roman" size=2>hereto as Exhibits C-D, respectively.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Geron
shall undertake the administrative responsibility for giving notice to
Applicable Geron Shareholders, as set forth in paragraph 3.2, and shall be
solely responsible for paying the costs and expenses related to providing such
notice to its shareholders. Within ten (10) business days after the entry of the
Preliminary Approval Order: (i) Geron shall cause the Summary Notice to be
published once in the </FONT><I><FONT face="Times New Roman" size=2>Investor's
Business Daily</FONT></I><FONT face="Times New Roman" size=2>; (ii) Robbins
Arroyo LLP and The Shuman Law Firm shall post copies of the Notice and
Stipulation on their respective websites; (iii) Geron shall post a link to the
Notice and Stipulation on the Company's Investor Relations page of its website
until the Judgment is entered; and (iv) Geron shall file a Form 8-K with the SEC
that includes the Notice, which shall refer shareholders to the Investor
Relations page of Geron's website for more information.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>The
Settling Parties believe the content and manner of the notice, as set forth in
herein, constitutes adequate and reasonable notice to Geron shareholders
pursuant to applicable law and due process. No later than fourteen (14) days
prior to the Settlement Hearing, Defendants' Counsel shall file with the Court
an appropriate affidavit or declaration with respect to filing and posting the
Notice and Summary Notice. If additional notice is required by the Court, then
the cost and administration of such additional notice will be borne by
Geron.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Within
five (5) calendar days of the execution of the Stipulation, the parties to the
Federal Derivative Action shall jointly: (i) notify the Federal Court of the
Stipulation and the Settlement; and (ii) request that the Federal Court continue
the stay of all proceedings in the Federal Derivative Action pending the entry
of Judgment by the Court.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Within
five (5) calendar days after entry by the Court of the Judgment approving the
Settlement, the parties to the Federal Derivative Action shall jointly apply to
the Federal Court for a dismissal with prejudice of the Federal Derivative
Action, and shall use their reasonable best efforts to take, or cause to
be taken, all actions, and to do, or cause to be done, all things reasonably
necessary, proper, or advisable under applicable laws, regulations, and
agreements to secure such dismissal with prejudice.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Pending the Court's determination as to final approval of the Settlement,
Plaintiffs and the Releasing Persons are barred and enjoined from commencing,
prosecuting, instigating, or in any way participating in the commencement or
prosecution of: (i) any action asserting any Released Claim against any of the
Released Persons; and/or (ii) all claims arising out of, relating to, or in
connection with the institution, prosecution, assertion, settlement, or
resolution of the Derivative Actions or the Released Claims. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>4.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Attorneys' Fees and Reimbursement of Expenses</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>After
negotiating the Corporate Governance Reforms, Plaintiffs' Counsel and counsel
for Defendants separately negotiated the attorneys' fees and expenses to be paid
to Plaintiff's Counsel. As a result of these negotiations, and in light of the
substantial benefit conferred upon Geron by the Settlement, Geron's Board has
agreed and shall instruct Geron's and the Individual Defendants' insurers to pay
the Fee and Expense Amount.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Within
ten (10) business days of issuance of the Judgment by the Court finally
approving the Settlement, Geron's insurers shall pay the Fee and Expense Amount
to Robbins Arroyo LLP as receiving agent for Plaintiffs' Counsel. The Fee and
Expense Amount, as approved by the Court, shall constitute final and complete
payment for all Plaintiffs' Counsel's fees and expenses that have been incurred
or will be incurred in connection with the Derivative Actions.</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Plaintiffs' Counsel has informed Defendants that Plaintiffs may apply for
Court approval of service awards in the amount of $3,500 for each Plaintiff (the
"Service Awards"), in light of the benefits they have helped to create for Geron
and Applicable Geron Shareholders. The Service Awards, to the extent that
they are applied for and approved by the Court in whole or in part, shall be
funded solely from the Fee and Expense Amount to Plaintiffs' Counsel and any
application for the Service Awards shall not increase the amount of the Fee and
Expense Amount. Defendants agree to take no position with respect to such
Service Awards. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>In the
event that the Judgment fails to become Final as defined in paragraph 1.9
herein, then it shall be the obligation of Plaintiffs' Counsel to make
appropriate refunds or repayments to Geron's and the Individual Defendants'
insurers of the Fee and Expense Amount previously paid within fifteen (15)
business days of receiving notice from Defendants' Counsel or from a court of
appropriate jurisdiction. Plaintiffs' Counsel, as a condition of receiving any
part of the Fee and Expense Amount, on behalf of themselves and each partner
and/or shareholder of them, agrees that Plaintiffs' Counsel and their partners
and/or shareholders are subject to the jurisdiction of the Court for the purpose
of enforcing the provisions of this paragraph. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Defendants have no responsibility for, and no liability whatsoever with
respect to, the allocation among Plaintiffs' Counsel and/or to any other person
who may assert some claim thereto, of the fees and expenses paid on behalf of
Geron to Plaintiffs' Counsel. Such funds shall be allocated by Plaintiffs'
Counsel, who shall allocate and disburse the Fee and Expense Amount among
Plaintiffs' Counsel in a manner that they believe reflects the relative
contribution of such counsel to the prosecution and resolution of the Derivative
Actions. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Except
as expressly provided herein, Plaintiffs and Plaintiffs' Counsel shall bear
their own fees, costs, and expenses, and Defendants shall not assert any claim
for expenses, costs, and fees against Plaintiffs. </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>5.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Releases</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon the Effective
Date, the Releasing Persons shall be deemed to have </FONT><FONT face="Times New Roman" size=2>fully, finally, and forever released,
relinquished, and discharged the Released Claims</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>(including Unknown Claims) against the Released Persons. Nothing herein
shall in any</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>way impair or restrict the rights of any Settling
Party to enforce the terms of the</FONT><FONT face="Times New Roman" size=2>
</FONT><FONT face="Times New Roman" size=2>Stipulation or the
Judgment.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as set forth in
paragraph 5.3 below, upon the Effective Date, each </FONT><FONT face="Times New Roman" size=2>of the Released Persons shall be deemed to have
fully, finally, and forever released,</FONT><FONT face="Times New Roman" size=2>
</FONT><FONT face="Times New Roman" size=2>relinquished, and discharged
Plaintiffs, Plaintiffs' Counsel, and Geron from all claims</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>(including Unknown Claims), arising out of, relating to, or in connection
with the</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>institution, prosecution, assertion, settlement,
or resolution of the Derivative Actions or</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>the Released Claims. Nothing
herein shall in any way impair or restrict the rights of any</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Settling Party to enforce the terms of the Stipulation or the
Judgment.</FONT><FONT face="Times New Roman" size=2> </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nothing in this
Stipulation or in paragraph 5.2 above constitutes or reflects a waiver or
release of any rights or claims of Defendants against their insurers, or their
insurers' subsidiaries, predecessors, successors, assigns, affiliates, or
representatives, including, but not limited to, any rights or claims of
Defendants under any directors' and officers' liability insurance or other
applicable insurance coverage maintained by the Company. Nothing in this
Stipulation or in paragraph 5.2 above constitutes or reflects a waiver or
release of any rights or claims of the Individual Defendants relating in any way
to indemnification, whether under any written indemnification or advancement
agreement, or under the Company's charter, by-laws, or under applicable law.
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>6.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Conditions of Settlement; Effect of Disapproval, Cancellation, or
</FONT><FONT face="Times New Roman" size=2>Termination </FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>The
Effective Date of this Stipulation shall be conditioned on the occurrence of all
of the following events:</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Court
entry of the Preliminary Approval Order;</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT size=2 face="Times New Roman">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Times New Roman"> </FONT><FONT face="Times New Roman">Court approval of the method of providing the Notice and
Summary Notice of the Stipulation and proposed Settlement to Applicable Geron
Shareholders;</FONT></FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 16 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Court
approval of the Notice and Summary Notice, attached hereto as Exhibits C and D,
respectively;</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>final
approval of the Settlement by the Court following notice to Applicable Geron
Shareholders and the Settlement Hearing contemplated by the
Stipulation;</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Court
entry of the Judgment, in all material respects in the form set forth as Exhibit
E annexed hereto, approving the Settlement, without awarding costs to any party,
except as provided herein;</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Court
approval and payment of the Fee and Expense Amount;</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Federal Court issuance of an order dismissing the Federal Derivative
Action with prejudice; and</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 43pt"><FONT face="Times New Roman" size=2>h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>the
passing of the date upon which the Judgment becomes Final. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>If for
any reason the Effective Date of the Stipulation does not occur, or if the
Stipulation is in any way canceled, terminated, or fails to become Final in
accordance with its terms, and if counsel for the Settling Parties do not
otherwise mutually agree in writing to proceed with the Stipulation: (i) all
Settling Parties and Released Persons shall be restored to their respective
positions prior to execution of this Stipulation; (ii) all releases delivered in
connection with the Stipulation shall be null and void, except as otherwise
provided for in the Stipulation; (iii) the Fee and Expense Amount paid to
Plaintiffs' Counsel shall be refunded and returned within fifteen (15) business
days of said event; and (iv) all negotiations, proceedings, documents prepared,
and statements made in connection herewith shall be without prejudice to the
Settling Parties, shall not be deemed or
construed to be an admission by a Settling Party of any act, matter, or
proposition, and shall not be used in any manner for any purpose in any
subsequent proceeding in the Derivative Actions or in any other action or
proceeding. In such event, the terms and provisions of the Stipulation shall
have no further force and effect with respect to the Settling Parties and shall
not be used in the Derivative Actions or in any other proceeding for any
purpose.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 17 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><STRONG><FONT face="Times New Roman" size=2>7.</FONT><FONT face="Times New Roman" size=2> </FONT><FONT face="Times New Roman" size=2>Miscellaneous Provisions</FONT></STRONG></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Settling Parties:
(i) acknowledge that it is their intent to consummate this Stipulation; and (ii)
agree to act in good faith and cooperate to take all reasonable and necessary
steps to expeditiously implement the terms and conditions of the Stipulation.
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the event that any
part of the Settlement is found to be unlawful, void, unconscionable, or against
public policy by a court of competent jurisdiction, the remaining terms and
conditions of the Settlement shall remain intact. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Settling Parties
intend this Settlement to be a final and complete resolution of all disputes
between them with respect to the Derivative Actions. The Settlement comprises
claims that are contested and shall not be deemed an admission by any Settling
Party as to the merits of any claim, allegation, or defense. The Settling
Parties and their respective counsel agree that at all times during the course
of the litigation, each has complied with the requirements of the applicable
laws and rules of the Court, including, without limitation, sections 128.5 and
128.7 of the California Code of Civil Procedure. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Court shall retain
jurisdiction with respect to implementation and enforcement of the terms of the
Stipulation, and the Settling Parties and their counsel submit to the
jurisdiction of the Court solely for purposes of implementing and enforcing the
Settlement embodied in the Stipulation. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each of the Individual
Defendants expressly denies and continues to deny all allegations of wrongdoing
or liability against himself or herself arising out of any conduct, statements,
acts, or omissions alleged, or which could have been alleged, in the Derivative
Actions. Neither this Stipulation nor the Settlement shall be deemed to
prejudice in any way the respective positions of the Settling Parties with
respect to the Derivative Actions, shall not be deemed a presumption, a
concession, or admission by any of the Settling Parties of any fault, liability,
or wrongdoing as to any facts, claims, or defenses that have been or might have
been alleged or asserted in the Derivative Actions or with respect to any of the
claims settled in the Derivative Actions, or any other action or proceeding, and
shall not be interpreted, construed, deemed, invoked, offered, or received in
evidence or otherwise used by any person in the Derivative Actions, or in any
other action or proceeding, whether civil, criminal, or administrative. The
Released Persons may file the Stipulation and/or the Judgment in any action that
may be brought against them in order to support a defense or counterclaim based
on principles of </FONT><I><FONT face="Times New Roman" size=2>res
judicata</FONT></I><FONT face="Times New Roman" size=2>, collateral estoppel,
full faith and credit, release, standing, good faith settlement, judgment bar or
reduction or any other theory of claim preclusion or issue preclusion or similar
defense or counterclaim. The Settling Parties may also file the Stipulation and
documents executed pursuant and in furtherance thereto in any action to enforce
the Settlement and/or the Judgment. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 18 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">
<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Stipulation may be
modified or amended only by a writing signed by the signatories hereto.
</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Stipulation shall
be deemed drafted equally by all Settling Parties hereto.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No representations,
warranties, or inducements have been made to any of the Settling Parties
concerning the Stipulation or its exhibits other than the
representations, warranties, and covenants contained and memorialized in
such documents.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Stipulation and the
Settlement shall be binding upon, and inure to the benefit of, the successors
and assigns of the Settling Parties and Released Persons. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each counsel or other
Person executing the Stipulation or its exhibits on behalf of any of the
Settling Parties hereby warrants that such Person has the full authority to do
so. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The exhibits to this
Stipulation are material and integral parts hereof and are fully incorporated
herein by this reference. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Stipulation and
the exhibits attached hereto constitute the entire agreement among the Settling
Parties with respect to the subject matter hereof and supersede all prior and
contemporaneous oral and written agreements and discussions.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the event that
there exists a conflict or inconsistency between the terms of this Stipulation
and the terms of any exhibit hereto, the terms of this Stipulation shall
prevail. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Stipulation may be
executed in one or more counterparts, including by signature transmitted by
facsimile or e-mailed PDF files. Each counterpart, when so executed, shall be
deemed to be an original, and all such counterparts together shall constitute
the same instrument. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 19 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any captions,
headings, sub-headings, or titles used in this Stipulation are for the purpose
of reference only, and shall not be construed as terms of this Stipulation or to
have any other legal force, meaning, or effect.</FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>7.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Stipulation shall
be considered to have been negotiated, executed, and delivered, and to be wholly
performed, in the State of California, and the rights and obligations of the
Settling Parties shall be construed and enforced in accordance with, and
governed by, the internal, substantive laws of the State of California
without giving effect to that State's choice of law principles. </FONT></P>
<P ALIGN="JUSTIFY" STYLE="text-indent: 15pt"><FONT face="Times New Roman" size=2>IN WITNESS WHEREOF, the Parties hereto have duly executed and delivered this
Stipulation.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

                                <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left"><FONT face="Times New Roman" size=2>DATED: August 17, 2016</FONT></TD>
    <TD NOWRAP STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT face="Times New Roman" size=2>/s/ Joseph Oriente</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center"><FONT face="Times New Roman" size=2>JOSEPH ORIENTE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left"><FONT face="Times New Roman" size=2>State Plaintiff Joseph Oriente Individually and<BR>
Derivatively on Behalf of Geron Corporation</FONT></TD></TR>


<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>ROBBINS ARROYO
      LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>BRIAN J.
      ROBBINS</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%">&nbsp;</TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>CRAIG W.
      SMITH</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>JENNY L.
      DIXON</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD noWrap align=left width="50%"><FONT face="Times New Roman" size=2>DATED: August 18, 2016</FONT></TD>
    <TD NOWRAP ALIGN="CENTER" WIDTH="49%" STYLE="border-bottom: #000000 1pt solid; text-align: left"><FONT face="Times New Roman" size=2>/s/ Craig W.
      Smith</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap style="text-align: center" width="49%"><FONT face="Times New Roman" size=2>CRAIG W.
      SMITH</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>600 B Street,
      Suite 1900</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>San Diego, CA
      92101</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times New Roman" size=2>Telephone: (619)
      525-3990</FONT></TD></TR>
  </TABLE><BR>
      <TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 20 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Facsimile: (619) 525-3991</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>brobbins@robbinsarroyo.com</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%">&nbsp;</TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>csmith@robbinsarroyo.com</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>jdixon@robbinsarroyo.com</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>gstassi@robbinsarroy.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>RYAN &amp; MANISKAS, LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>RICHARD A. MANISKAS</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>995 Old Eagle School Road, Suite 311</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Wayne, PA 19087</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Telephone: (484) 588-5516</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Facsimile: (484) 450-2582</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><I><FONT face="Times new roman" size=2>Counsel for Plaintiff Joseph
      Oriente</FONT></I></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 11, 2016</FONT></TD>
    <TD noWrap align=left width="49%"></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Joel
      Coval</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>JOEL COVAL</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>State Plaintiff Joel Coval Individually and</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Derivatively on Behalf of Geron Corporation</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>THE WEISER LAW FIRM, P.C.</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>ROBERT WEISER</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>BRETT STECKER</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>JAMES FICARO</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 12, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Brett
      Stecker</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>BRETT STECKER</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>22 Cassatt Ave</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Berwyn, PA 19312</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Telephone: (610) 222-2677</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Facsimile: (610) 408-8062</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>rw@weiserlawfirm.com</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>bds@weiserlawfirm.com</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>jmf@weiserlawfirm.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>THE WEISER LAW FIRM, P.C.</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>KATHLEEN A. HERKENHOFF</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>12707 High Bluff Drive, Suite 200</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>San Diego CA 92130</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Telephone: (858) 794-1441</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Facsimile: (858) 794-1450</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>kah@weiserlawfirm.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><I><FONT face="Times new roman" size=2>Counsel for Plaintiff Joel
      Coval</FONT></I></TD></TR></TABLE><BR>
    <TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 21 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">
<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 12, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Richard J.
      Di Laura</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>RICHARD DILAURA</FONT></TD></TR>
  <TR>
    <TD align=left width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Federal Plaintiff Richard DiLaura
  Individually</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>and Derivatively on Behalf of Geron
  Corporation</FONT></TD></TR>
  <TR>
    <TD align=left width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD align=left width="99%" colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 15, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Adrianne
      Haddock</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>ADRIANNE HADDOCK</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Federal Plaintiff Adrianne Haddock
  Individually</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>and Derivatively on Behalf of Geron
  Corporation</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>THE SHUMAN LAW FIRM</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>KIP B. SHUMAN</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 15, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Kip
      Shuman</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>KIP B. SHUMAN</FONT></TD></TR>
  <TR>
    <TD align=left width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Post-Montgomery Center</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>One Montgomery Street, Ste. 1800</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>San Francisco, CA 94104</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Telephone: (303) 861-3003</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Facsimile: (303) 484-4886</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>kip@shumanlawfirm.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>RUSTY E. GLENN</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>THE SHUMAN LAW FIRM</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>600 17th Street, Suite 2800 South</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Denver, CO 80202</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Telephone: (303) 861-3003</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Facsimile: (303) 484-4886</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>rusty@shumanlawfirm.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>SPARER LAW GROUP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>ALAN W. SPARER (No. 104921)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>MARC HABER (No. 192981)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>100 Pine Street, 33rd Floor</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>San Francisco, California 94111-5128</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Telephone: (415) 217-7300</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Facsimile: (415) 217-7307</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>asparer@sparerlaw.com</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>mhaber@sparerlaw.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><I><FONT face="Times new roman" size=2>Counsel for Plaintiffs Richard
      DiLaura and</FONT></I></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><I><FONT face="Times new roman" size=2>Adrianne
  Haddock</FONT></I></TD></TR></TABLE><BR>


<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 22 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">
<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=1 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ John A.
      Scarlett</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%">&nbsp;</TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>JOHN A. SCARLETT</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Olivia
      Bloom</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>OLIVIA K. BLOOM</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Karin
      Eastham</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>KARIN EASTHAM</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/<STRONG>
      </STRONG>V. Bryan Lawlis</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>V. BRYAN LAWLIS</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 15, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Daniel M.
      Bradbury</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>DANIEL M. BRADBURY</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 14, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Thomas
      Hofstaetter</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>THOMAS HOFSTAETTER</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Robert J.
      Spiegel</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>ROBERT J. SPIEGEL</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="49%"><FONT face="Times new roman" size=2>/s/ Hoyoung
      Huh</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=center width="49%"><FONT face="Times new roman" size=2>HOYOUNG HUH</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR></TABLE><BR>


<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 23 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade size="2">
<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>

<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=1 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Susan M.
      Molineaux</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>SUSAN M. MOLINEAUX</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 15, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Stephen
      Kelsey</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>STEPHEN M. KELSEY</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Individual Defendant</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 16, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Stephen
      Rosenfield</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>STEPHEN ROSENFIELD</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>General Counsel and duly authorized</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>representative for Nominal Defendant Geron</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Corporation</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
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    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>COOLEY LLP</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>JOHN C. DWYER</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>RYAN E. BLAIR</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face="Times new roman" size=2>DATED: August 18, 2016</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="50%"><FONT face="Times new roman" size=2>/s/ Ryan Blair /
      BDJ</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=center width="50%"><FONT face="Times new roman" size=2>RYAN E. BLAIR</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>3175 Hanover Street</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Palo Alto, CA 94304</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Telephone: (650) 843-5228</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Facsimile: (650) 849-7400</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>dwyerjc@cooley.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>4401 Eastgate Mall</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>San Diego, CA 92121</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Telephone: (858) 550-6047</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>Facsimile: (858) 550-6420</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><FONT face="Times new roman" size=2>rblair@cooley.com</FONT></TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><I><FONT face="Times new roman" size=2>Counsel for Individual Defendants
      and Nominal</FONT></I></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"></TD>
    <TD noWrap align=left width="50%"><I><FONT face="Times new roman" size=2>Defendant</FONT></I></TD></TR></TABLE><BR>

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  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT face="Times New Roman" size=2>- 24 -</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face="Times New Roman" size=2>AMENDED STIPULATION OF SETTLEMENT</FONT></TD></TR></TABLE><BR>
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