<SEC-DOCUMENT>0001206774-17-000971.txt : 20170324
<SEC-HEADER>0001206774-17-000971.hdr.sgml : 20170324
<ACCEPTANCE-DATETIME>20170324163023
ACCESSION NUMBER:		0001206774-17-000971
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20170509
FILED AS OF DATE:		20170324
DATE AS OF CHANGE:		20170324
EFFECTIVENESS DATE:		20170324

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:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20859
		FILM NUMBER:		17713092

	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>DEF 14A
<SEQUENCE>1
<FILENAME>geron3183221-def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>
<BR>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><A HREF="#toc">Table of Contents</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Proxy Statement Pursuant to Section 14(a)
of the Securities<BR>
Exchange Act of 1934 (Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by the Registrant [X]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by a Party other than the Registrant [&nbsp;&nbsp;&nbsp;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[X]</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GERON CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 1px solid"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Registrant as Specified In Its
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 1px solid">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[X]</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No fee required.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1)</FONT></TD>
    <TD STYLE="width: 92%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title of each class of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Aggregate number of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Proposed maximum aggregate value of transaction:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total fee paid:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%; text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fee paid previously with preliminary materials.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1)</FONT></TD>
    <TD STYLE="width: 92%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amount Previously Paid:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Form, Schedule or Registration Statement No.:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filing Party:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date Filed:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="geron3183221-def14a1x1.jpg" ALT=""></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>GERON CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>149 Commonwealth Drive, Suite 2070 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Menlo Park, CA 94025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">March 24, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dear Geron Stockholder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">You are cordially invited to attend the 2017
Annual Meeting of Stockholders of Geron Corporation to be held on Tuesday, May 9, 2017, at 4:00 p.m., Pacific Daylight Time, at
Geron&rsquo;s offices located at 149 Commonwealth Drive, Menlo Park, California 94025. In addition, we will be hosting the meeting
via conference call which can be accessed via telephone by dialing 877-303-9139 (U.S.); 760-536-5195 (international). The passcode
is 68816558. A live audio-only webcast will also be available at http://edge.media-server.com/m/p/h9gt9885.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">As permitted by the rules of the Securities and
Exchange Commission, we are pleased to furnish our proxy materials to stockholders primarily over the Internet. Consequently, most
stockholders will receive a notice with instructions for accessing proxy materials and voting via the Internet, instead
of paper copies of proxy materials. However, this notice will provide information on how stockholders may obtain paper copies of
proxy materials if they choose. Stockholders who continue to receive hard copies of proxy materials may help us reduce costs by
opting to receive future proxy materials by e-mail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">At this year&rsquo;s Annual Meeting, the agenda includes the following
items:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 18pt; text-align: left; font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">election of Directors;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">advisory vote to approve named executive officer compensation;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">advisory vote to approve the frequency of holding future advisory votes on executive compensation; and </TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">ratification of Ernst &amp; Young LLP as our independent registered public accounting firm.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify"><U>Your vote is important
to us.</U>&nbsp;Whether or not you plan to attend the meeting, please vote electronically via the Internet or by telephone, or, if you
requested paper copies of the proxy materials, please complete, sign, date and return the accompanying proxy card in the enclosed
postage-paid envelope, as promptly as possible. If you attend the Annual Meeting, you will have the right to vote your shares
in person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">Thank you for your ongoing support of,
and continued interest in, Geron Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">Sincerely,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><IMG SRC="geron3183221-def14a1x2.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>John A. Scarlett, M.D.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>President and Chief Executive Officer</TD></TR>
</TABLE>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="geron3183221-def14a3x1.jpg" ALT=""></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>GERON CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>149 Commonwealth Drive, Suite 2070 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Menlo Park, CA 94025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>To Be Held on May 9, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To the Stockholders of Geron Corporation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">NOTICE IS HEREBY GIVEN that the Annual Meeting
of Stockholders (the &ldquo;Annual Meeting&rdquo;) of GERON CORPORATION, a Delaware corporation (the &ldquo;Company&rdquo;), will
be held on May 9, 2017, at 4:00 p.m., Pacific Daylight Time, at the Company&rsquo;s offices located at 149 Commonwealth Drive,
Menlo Park, California 94025. Stockholders may also access the meeting via telephone by dialing 877-303-9139 (U.S.); 760-536-5195
(international). The passcode is 68816558. A live audio-only webcast will also be available at http://edge.media-server.com/m/p/h9gt9885.
The meeting will be held for the following purposes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 18pt; text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
    elect the three nominees for director named in the accompanying proxy statement, or the Proxy Statement, to hold office as
    Class III members of the Board of Directors until the 2020 annual meeting of stockholders; </FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
    approve, on an advisory basis, the compensation of the Company&rsquo;s named executive officers, as disclosed in the Proxy
    Statement; </FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
    approve, on an advisory basis, the frequency of holding future advisory votes on executive compensation; </FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
    ratify the selection by the Audit Committee of the Board of Directors of Ernst &amp; Young LLP as the Company&rsquo;s independent
    registered public accounting firm for the fiscal year ending December 31, 2017; and </FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">To
    transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The foregoing items of business are more fully
described in the Proxy Statement accompanying this Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Board of Directors has fixed the close of
business on March 13, 2017, as the record date for the determination of stockholders entitled to notice of and to vote at the Annual
Meeting and at any adjournment or postponement thereof. Each stockholder is entitled to one vote for each share of common stock
held at that time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify"><B><U>Your Vote Is Important To Us.</U></B>&nbsp;Whether
or not you plan to attend the meeting, please vote electronically via the Internet or by telephone, or, if you requested paper
copies of the proxy materials, please complete, sign, date and return the accompanying proxy card in the enclosed postage-paid
envelope, as promptly as possible. Please note, however, that if your shares are held of record by a broker, bank or other nominee
and you wish to vote at the meeting, you must obtain from the record holder a proxy issued in your name.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt">By Order of the Board of Directors,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt">&nbsp;<IMG SRC="geron3183221-def14a3x2.jpg" ALT=""></P>

<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt">Stephen N. Rosenfield</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt"><I>Executive Vice President, General Counsel</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 240pt"><I>and Corporate Secretary</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Menlo Park, California</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">March 24, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Important Notice Regarding the Availability of Proxy Materials
for the Annual Meeting to Be Held on May 9, 2017:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Letter to Stockholders, Notice and 2017 Proxy Statement, and 2016
Annual Report on Form 10-K are available at</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">www.proxyvote.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>YOUR VOTE IS
VERY IMPORTANT, REGARDLESS OF THE NUMBER OF SHARES YOU OWN. <BR>
WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING, WE URGE YOU TO
SUBMIT <BR>
YOUR PROXY PROMPTLY IN ORDER TO ASSURE THAT A QUORUM IS PRESENT.</B></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><A NAME="toc"></A><B>Table of Contents</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-family: Times New Roman, Times, Serif" >
<TR STYLE="font-family: Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 94%; padding-bottom: 1pt; font: 12pt Times New Roman, Times, Serif; text-decoration: underline"><FONT STYLE="font-size: 8pt"><B><U>Description</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; padding-bottom: 1pt; font: 12pt Times New Roman, Times, Serif; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 8pt"><B><U>Page</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#d318322a001"><FONT STYLE="font-size: 10pt">Questions and Answers
    about These Proxy Materials and Voting</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;<A HREF="#d318322a001"><FONT STYLE="font-size: 10pt">1</FONT></a></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a002"><FONT STYLE="font-size: 10pt">Proposal 1: Election
    of Directors</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;<A HREF="#d318322a002"><FONT STYLE="font-size: 10pt">8</FONT></a></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif; background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a003"><FONT STYLE="font-size: 10pt">Board Leadership
    and Governance</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a003"><FONT STYLE="font-size: 10pt">16</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif; background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a004"><FONT STYLE="font-size: 10pt">Other Corporate
    Governance Matters</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a004"><FONT STYLE="font-size: 10pt">21</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif; background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a005"><FONT STYLE="font-size: 10pt">Compensation of
    Directors</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a005"><FONT STYLE="font-size: 10pt">21</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif; background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a006"><FONT STYLE="font-size: 10pt">Proposal 2: Advisory
    Vote to Approve Named Executive Officer Compensation</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a006"><FONT STYLE="font-size: 10pt">25</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a007"><FONT STYLE="font-size: 10pt">Compensation Discussion
    and Analysis</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a007"><FONT STYLE="font-size: 10pt">26</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a008"><FONT STYLE="font-size: 10pt">Compensation Committee
    Report</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a008"><FONT STYLE="font-size: 10pt">43</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a009"><FONT STYLE="font-size: 10pt">Executive Compensation
    Tables</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a009"><FONT STYLE="font-size: 10pt">43</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a010"><FONT STYLE="font-size: 10pt">Proposal 3: Advisory
    Vote to Approve the Frequency of Holding Future Advisory Votes on Executive Compensation</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a010"><FONT STYLE="font-size: 10pt">53</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a011"><FONT STYLE="font-size: 10pt">Proposal 4: Ratification
of Selection of Independent Registered Public Accounting Firm</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a011"><FONT STYLE="font-size: 10pt">53</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a012"><FONT STYLE="font-size: 10pt">Principal Accountant
    Fees and Services</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a012"><FONT STYLE="font-size: 10pt">54</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a013"><FONT STYLE="font-size: 10pt">Audit Committee
    Report</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a013"><FONT STYLE="font-size: 10pt">55</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a014"><FONT STYLE="font-size: 10pt">Equity Compensation
    Plans</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a014"><FONT STYLE="font-size: 10pt">56</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a015"><FONT STYLE="font-size: 10pt">Security Ownership
    of Certain Beneficial Owners and Management</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a015"><FONT STYLE="font-size: 10pt">57</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a016"><FONT STYLE="font-size: 10pt">Certain Transactions</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a016"><FONT STYLE="font-size: 10pt">59</FONT></a></TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif;  background-color: #cceeff">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="#d318322a017"><FONT STYLE="font-size: 10pt">Other Matters</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center"><A HREF="#d318322a017"><FONT STYLE="font-size: 10pt">60</FONT></a></TD></TR>
</TABLE>

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<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><br><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 50%; font-family: Times New Roman, Times, Serif"><A HREF="#toc"><br>Table of Contents</A></TD><TD STYLE="text-align: right; width: 50%"><PAGE></PAGE></TD></TR></TABLE></DIV>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>GERON CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>149 Commonwealth Drive, Suite 2070 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Menlo Park, CA 94025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY STATEMENT</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR THE ANNUAL MEETING OF STOCKHOLDERS </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TO BE HELD ON MAY 9, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B><A NAME="d318322a001"></A>QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS
AND VOTING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Why am I receiving these materials?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">You are receiving this annual meeting information
and Proxy Statement from us because you owned shares of common stock of Geron Corporation, a Delaware corporation (&ldquo;Geron&rdquo;,
the &ldquo;Company&rdquo;, &ldquo;we&rdquo; or &ldquo;us&rdquo;), as of March 13, 2017, the record date for our 2017 Annual Meeting
of Stockholders (the &ldquo;Annual Meeting&rdquo;), to be held on May 9, 2017, at 4:00 p.m., Pacific Daylight Time, at the Company&rsquo;s
offices located at 149 Commonwealth Drive, Menlo Park, California 94025 or at any adjournment or postponement thereof. The Geron
Board of Directors (the &ldquo;Board&rdquo;), has made these materials available to you in connection with the Board&rsquo;s solicitation
of proxies for use at the Annual Meeting. You may vote by proxy over the Internet or by phone, or by mail if you requested printed
copies of the proxy materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">As permitted by the rules of the Securities and
Exchange Commission (the &ldquo;SEC&rdquo;), we are providing our stockholders access to proxy materials via the Internet. Accordingly,
we are sending by mail only a Notice of Availability of Proxy Materials (the &ldquo;Notice&rdquo;) to certain of our stockholders
of record and posting our proxy materials online at www.proxyvote.com. Stockholders who previously requested to receive hard copies
of proxy materials will receive a full set of proxy materials, instead of the Notice. We intend to distribute the Notice and the
proxy materials on or about March 28, 2017 to all stockholders of record entitled to vote at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>What does it mean if I receive more than one set of proxy materials
or more than one Notice, or combination thereof?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you receive more than one set of proxy materials,
or more than one Notice or a combination thereof, your shares may be registered in more than one name or may be registered in different
accounts. Please follow the voting instructions on each set of proxy materials or Notices to ensure that all of your shares are
voted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Will I receive any proxy materials by mail other than the Notice?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">No, you will not receive any other proxy materials
by mail other than the Notice unless you request paper copies. This Proxy Statement and Geron&rsquo;s 2016 Annual Report on Form
10-K are available at www.proxyvote. com. You may request a full set of proxy materials be sent to your specified postal or email
address as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 18pt; font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="text-align: justify">by telephone: call 1-800-579-1639 free of charge and follow the instructions;
    </TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">by Internet: go to www.proxyvote.com and follow the instructions; or
    </TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&#8226;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">by e-mail: send an e-mail message to sendmaterial@proxyvote.com. Please
    send a blank e-mail and insert the 12-Digit Control Number located in your Notice in the subject line.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">To sign up for electronic delivery of proxy materials,
please follow the instructions provided with your proxy materials and on your proxy card or voting instruction card, to vote using
the Internet and, when prompted, indicate that you agree to receive or access future stockholder communications electronically.
Alternatively, you can go to www.proxyvote.com and enroll for online delivery of proxy materials. A stockholder&rsquo;s election
to receive proxy materials by mail or electronically by email will remain in effect until the stockholder terminates such election.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>What is the purpose of the Annual Meeting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">At our Annual Meeting, stockholders will act upon
the matters described in this Proxy Statement. In addition, following the meeting, management will report on current events at
Geron and respond to questions from stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>How can I participate in the Annual Meeting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">All stockholders are cordially invited to attend
the Annual Meeting in person at the Company&rsquo;s offices located at 149 Commonwealth Drive, Menlo Park, California 94025. For
directions to attend the Annual Meeting, please contact our Investor Relations department at (650) 473-7765 or by email at investor@geron.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you cannot attend the meeting in person, you
may participate via telephone by dialing 877-303-9139 (U.S.); 760-536-5195 (international). The passcode is 68816558. We recommend
that you dial in at least 10 minutes early to minimize any delay in joining the meeting. Participants via telephone will also have
an opportunity to ask questions during the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Annual Meeting will also be available via
the Internet in a live audio-only webcast available at http:// edge.media-server.com/m/p/h9gt9885. The audio webcast of the Annual
Meeting will be available for replay approximately one hour following the live meeting through June 9, 2017. Since the webcast
is audio-only, participants will be unable to ask questions in this forum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Who can vote at the Annual Meeting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Only holders of record at the close of business
on March 13, 2017 (the &ldquo;Record Date&rdquo;) will be entitled to notice of and to vote at the Annual Meeting or any adjournment
or postponement thereof. At the close of business on the Record Date, we had 159,158,636 shares of common stock, par value $0.001
per share (&ldquo;Common Stock&rdquo;), outstanding. Each holder of record of Common Stock on the Record Date will be entitled
to one vote for each share held on all matters to be voted upon at the Annual Meeting. The stock transfer books will not be closed
between the Record Date and the Annual Meeting date. A list of stockholders entitled to vote at the Annual Meeting will be available
for examination at our principal executive offices at the address listed above for a period of ten days prior to the Annual Meeting
and during the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">A quorum of stockholders is necessary to hold
a valid meeting. In order to constitute a quorum and to transact business at the Annual Meeting, a majority of the outstanding
shares of Common Stock on the Record Date must be represented at the Annual Meeting. Shares represented by proxies that reflect
abstentions or &ldquo;broker non-votes&rdquo; will be counted as shares that are present and entitled to vote for purposes of determining
the presence of a quorum.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>What am I voting on at the Annual Meeting? How many votes are
needed to approve a proposal? What is the Board&rsquo;s recommendation on each of the proposals?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">You are being asked to vote on four proposals,
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-weight: bold; text-align: center; border-top: Black 1px solid; border-left: Black 1px solid; vertical-align: top"><FONT STYLE="font-size: 8pt"><B>Proposal</B><BR>
    <FONT STYLE="border-bottom-style: solid; border-bottom-width: 1px"><B>Number</B></FONT></FONT></TD><TD STYLE="font-weight: bold; border-top: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt; border-bottom-style: solid; border-bottom-width: 1px">Proposal</FONT></TD><TD STYLE="font-weight: bold; border-top: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 1px solid; text-align: left; vertical-align: top"><FONT STYLE="font-size: 8pt"><B>Votes
    Required to</B><BR> <FONT STYLE="border-bottom-style: solid; border-bottom-width: 1px"><B>Approve Proposal</B></FONT></FONT></TD><TD STYLE="font-weight: bold; border-top: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: Black 1px solid; border-right: Black 1px solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>Board</B><BR>
    <FONT STYLE="border-bottom-style: solid; border-bottom-width: 1px"><B>Recommends</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 8%; text-align: center; vertical-align: top; border-left: Black 1px solid; border-bottom: Black 1px solid">1</TD><TD STYLE="width: 2%; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="width: 28%; text-align: justify; vertical-align: top; border-bottom: Black 1px solid">To
    elect the three nominees for director named in this Proxy Statement to hold office as Class III members of our Board of Directors
    until the 2020 annual meeting of stockholders.</TD><TD STYLE="width: 2%; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="width: 44%; text-align: justify; vertical-align: top; border-bottom: Black 1px solid">The three nominees receiving
    the most &ldquo;FOR&rdquo; votes properly cast in person or by proxy will be elected. Only votes &ldquo;FOR&rdquo; or &ldquo;WITHHOLD&rdquo;
    will affect the outcome of the vote. However, under our Corporate Governance Guidelines, any nominee for director is required
    to submit an offer of resignation for consideration by the Nominating and Corporate Governance Committee if such nominee for
    director receives a greater number of &ldquo;WITHHOLD&rdquo; votes from his or her election than votes &ldquo;FOR&rdquo; such
    election. In such case, the Nominating and Corporate Governance Committee will then consider all of the relevant facts and
    circumstances and recommend to the Board the action to be taken with respect to such offer of resignation.</TD><TD STYLE="width: 2%; font-weight: bold; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="width: 14%; font-weight: bold; text-align: center; vertical-align: top; border-right: Black 1px solid; border-bottom: Black 1px solid">FOR
    <BR>
    ALL <BR>
    director<BR>
    nominees</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: Black 1px solid; border-left: Black 1px solid">2</TD><TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; border-bottom: Black 1px solid">To
    approve, on an advisory basis, the compensation of our named executive officers, as disclosed in this Proxy Statement.</TD><TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; border-bottom: Black 1px solid">The
    affirmative vote of the holders of a majority of the shares present or represented, in person or by proxy, at this meeting.
    Abstentions will have the same effect as a vote against this proposal and broker non-votes will have no effect on this proposal.
    However, this proposal is advisory and non-binding upon us.</TD><TD STYLE="font-weight: bold; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; vertical-align: top; border-bottom: Black 1px solid; border-right: Black 1px solid">FOR</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: Black 1px solid; border-left: Black 1px solid">3</TD><TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; border-bottom: Black 1px solid">To
    approve, on an advisory basis, the frequency of holding future advisory votes on executive compensation.</TD><TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; border-bottom: Black 1px solid">The option of every one, two or three years
    that receives the votes of the holders of a majority of the shares present or represented, in person or by proxy, at this
    meeting will be considered the frequency approved by our stockholders. Abstentions will be counted towards the vote total,
    but will not be counted as a vote in favor of any of the frequency options, and thus will have the effect of reducing the
    likelihood that any frequency receives a majority vote. Broker non-votes will have no effect on this proposal. However, this
    proposal is advisory and non-binding upon us.</TD><TD STYLE="font-weight: bold; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; vertical-align: top; border-bottom: Black 1px solid; border-right: Black 1px solid"><P STYLE="margin-top: 0; margin-bottom: 0">EVERY
                                         <BR>
1 YEAR</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: Black 1px solid; border-left: Black 1px solid">4</TD><TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; border-bottom: Black 1px solid">To
    ratify the selection by the Audit Committee of the Board of Directors of Ernst &amp; Young LLP as our independent registered
    public accounting firm for the fiscal year ending December 31, 2017.</TD><TD STYLE="border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; border-bottom: Black 1px solid">The
    affirmative vote of the holders of a majority of the shares present or represented, in person or by proxy, at this meeting.
    Abstentions will have the same effect as a vote against this proposal, and broker non-votes will have no effect on the outcome
    of this proposal.</TD><TD STYLE="font-weight: bold; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; vertical-align: top; border-right: Black 1px solid; border-bottom: Black 1px solid">FOR</TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>What are the choices in voting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">For Proposal 1, you may either vote &ldquo;FOR&rdquo;
all nominees to the Board of Directors or you may &ldquo;WITHHOLD&rdquo; your vote for all nominees or any nominee you specify.
For Proposals 2 and 4, you may vote &ldquo;FOR&rdquo; the proposal or &ldquo;AGAINST&rdquo; the proposal or &ldquo;ABSTAIN&rdquo;
from voting on the proposal. For Proposal 3, you may vote to hold an advisory vote on executive compensation every &ldquo;1 YEAR&rdquo;,
&ldquo;2 YEARS&rdquo; or &ldquo;3 YEARS&rdquo;, or you may &ldquo;ABSTAIN&rdquo; from voting on the proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Could other matters be decided at the Annual Meeting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Our Bylaws require that we receive advance notice
of any proposal to be brought before the Annual Meeting by our stockholders, and we have not received notice of any such proposals.
If any other matter were to be properly submitted for a vote at the Annual Meeting, the proxy holders appointed by the Board will
have the discretion to vote on those matters for you as they see fit. This includes, among other things, considering any motion
to adjourn the Annual Meeting to another time and/or place, including for the purpose of soliciting additional proxies for or against
a given proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>How do I vote my shares and what are the voting deadlines?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Please refer to the proxy card for instructions
on, and access information for, voting by telephone, over the Internet or by mail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Stockholder of Record: Shares Registered In Your Name</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">You are a stockholder of record if, on the Record
Date, your shares were registered directly in your name with our transfer agent, Computershare Trust Company, N.A. As a stockholder
of record, there are several ways for you to vote your shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&#8226;</TD>
    <TD STYLE="text-align: justify"><B><U>Via the Internet.</U> </B>You may vote at www.proxyvote.com, 24 hours a day, seven days a week. You will need the
    12-Digit Control Number included on your Notice or your proxy card (if you received a printed copy of the proxy materials).
    Votes submitted through the Internet must be received by 11:59 p.m., Eastern Time, on May 8, 2017.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify"><B><U>By Telephone.</U> </B>You may vote using a touch-tone telephone
    by calling 1-800-690-6903, 24 hours a day, seven days a week. You will need the 12-Digit Control Number included on your Notice
    or your proxy card (if you received a printed copy of the proxy materials). Votes submitted by telephone must be received
    by 11:59 p.m., Eastern Time, on May 8, 2017.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify"><B><U>By Mail.</U> </B>If you received printed proxy materials, you may submit your vote by completing, signing, and dating
    each proxy card received and returning it in the postage-paid envelope. Sign your name exactly as it appears on the proxy
    card. Proxy cards submitted by mail must be received no later than May 8, 2017 to be voted at the Annual Meeting.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify"><B><U>During the Annual Meeting.</U> </B>Stockholders may also submit
    their vote if they attend the Annual Meeting in person.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Internet and telephone voting procedures described
above, which comply with Delaware law, are designed to authenticate stockholders&rsquo; identities, to allow stockholders to vote
their shares, and to confirm that their instructions have been properly recorded. However, please be aware that you must bear any
costs associated with your Internet access, such as usage charges from Internet access providers and telephone companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Beneficial
Owner: Shares Registered in the Name of a Broker or Bank</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">You are a beneficial owner, if on the Record Date,
your shares were held in an account at a brokerage firm, bank, dealer, or other similar organization and not in your name. The
organization holding your account is considered to be the stockholder of record for purposes of voting at the Annual Meeting. Being
a beneficial owner means that, like most stockholders, your shares are held in &ldquo;street name&rdquo; and these proxy materials
are being forwarded to you by that organization.</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">As a beneficial owner, you should have received
a Notice or voting instructions from the broker or other nominee holding your shares. You should follow the instructions in the
Notice or voting instructions provided by your broker or nominee in order to instruct your broker or other nominee on how to vote
your shares. The availability of telephone and Internet voting will depend on the voting process of the broker or nominee. Please
contact your bank, broker or other agent if you have questions about their instructions on how to vote your shares. To vote during
the 2017 Annual Meeting, you must obtain a valid proxy from your broker, bank, or other agent, and attend the meeting in person
to submit your vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you do not provide your broker or nominee with instructions on
how to vote your shares, your broker or nominee will be able to vote your shares with respect to only one of the proposals. For
more information, see the sub-section &ldquo;What are broker non-votes?&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Geron Plan Participants</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">As trustee of the Geron 401(k) Plan, Prudential
Bank and Trust FSB will receive a proxy that incorporates all the shares owned by the Geron 401(k) Plan and will vote such proxy
as directed by the Geron 401(k) sponsor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Shares purchased through the 1996 Employee Stock
Purchase Plan and the 2014 Employee Stock Purchase Plan will follow standard brokerage industry practices. Shares held in the name
of the broker will be voted on behalf of the holder on certain routine matters. To the extent the brokerage firm votes shares on
the behalf of the holder, the shares will be counted for the purpose of determining a quorum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>What if I return a proxy card, but do not make any specific choices?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Stockholder of Record: Shares Registered in Your Name</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you are a stockholder of record and you do
not specify your vote on each proposal individually when voting via the Internet, over the telephone or if you sign and return
a proxy card without giving specific voting instructions, then your shares will be voted in line with the above Board recommendations.
If any other matter is properly presented at the 2017 Annual Meeting, your proxyholder (one of the individuals named on your proxy
card) will vote your shares using his or her best judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Beneficial Owner: Shares Registered in the Name of a Broker
or Bank</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you are a beneficial owner of shares registered
in the name of your broker, bank or other nominee, and you do not provide the broker or other nominee that holds your shares with
voting instructions, the broker or other nominee will determine if it has the discretionary authority to vote on the particular
matter. See &ldquo;What are &ldquo;broker non-votes&rdquo;?&rdquo; below. We encourage you to provide voting instructions to the
organization that holds your shares to ensure your vote is counted on all proposals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>What are &ldquo;broker non-votes&rdquo;?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Broker non-votes occur when a beneficial owner
of shares held in &ldquo;street name&rdquo; does not give instructions to the broker or nominee holding the shares on how to vote
on matters deemed &ldquo;non-routine.&rdquo; Generally, if shares are held in street name, the beneficial owner of the shares is
entitled to give voting instructions to the broker or nominee holding the shares. If the beneficial owner does not provide voting
instructions, the broker or nominee can still vote the shares with respect to matters that are considered to be &ldquo;routine,&rdquo;
but not with respect to &ldquo;non-routine&rdquo; matters. In the event that a broker, bank, custodian, nominee or other record
holder of Geron Common Stock indicates on a proxy that it does not have discretionary authority to vote certain shares on a particular
proposal, then those shares will be treated as broker non-votes with respect to that proposal. Accordingly, if you own shares through
a nominee, such as a broker or bank, please be sure to instruct your nominee on how to vote to ensure that your vote is counted
on each of the proposals.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Which ballot measures are considered &ldquo;routine&rdquo; or
&ldquo;non-routine?&rdquo;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The ratification of the selection of Ernst &amp;
Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2017 (Proposal 4) is considered
routine under applicable rules. A broker or other nominee may generally vote on routine matters, and therefore no broker non-votes
are expected to occur in connection with Proposal 4. The election of directors (Proposal 1), the advisory vote on the compensation
of our named executive officers (Proposal 2) and the advisory vote on the frequency of holding future advisory votes on executive
compensation (Proposal 3) are considered non-routine matters under applicable rules. A broker or other nominee cannot vote without
instructions on non-routine matters, and therefore we expect broker non-votes on Proposals 1, 2 and 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Can I revoke or change my vote after I submit my proxy?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Stockholder of Record: Shares Registered in Your Name</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you are a stockholder of record, you may revoke
or change your vote at any time before the final vote at the Annual Meeting by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&bull;</TD>
    <TD STYLE="text-align: justify">signing and returning a new proxy card with a later date; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">submitting a later-dated vote by telephone or via the Internet &mdash; only your latest Internet or telephone proxy received
    by 11:59 p.m., Eastern Time, on May 8, 2017, will be counted; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">attending the Annual Meeting in person and voting again; or </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">delivering a written revocation to our Corporate Secretary at Geron&rsquo;s offices, 149 Commonwealth Drive, Suite 2070,
    Menlo Park, California 94025, before the Annual Meeting.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Beneficial Owner: Shares Registered in the Name of a Broker
or Bank</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you are a beneficial owner of your shares,
you must contact the broker or other nominee holding your shares and follow their instructions for revoking or changing your vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>How will your proxy be counted?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Votes will be counted by the Inspector of Election
appointed for the Annual Meeting, who will separately count &ldquo;FOR,&rdquo; &ldquo;WITHHOLD&rdquo; and broker non-votes with
respect to Proposal No. 1 regarding the election of directors, and, with respect to Proposal Nos. 2 and 4, &ldquo;FOR&rdquo; and
&ldquo;AGAINST&rdquo; votes, abstentions and broker non-votes. With respect to Proposal No. 3, the Inspector of Election will separately
count &ldquo;1 YEAR,&rdquo; &ldquo;2 YEARS&rdquo; and &ldquo;3 YEARS&rdquo; frequency votes, as well as abstentions and broker
non-votes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Is my vote confidential?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Yes. Proxy cards, ballots and voting tabulations
that identify stockholders by name are kept confidential. There are exceptions for contested proxy solicitations or when necessary
to meet legal requirements. In addition, all comments written on a proxy card or elsewhere will be forwarded to management, but
your identity will be kept confidential unless you ask that your name be disclosed.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>How can I find out the results of the voting at the Annual Meeting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Preliminary voting results will be announced at
the Annual Meeting. Final voting results will be published by Geron in a Current Report on Form 8-K, filed with the SEC, that we
expect to file within four business days after the Annual Meeting. If final voting results are not available to us in time to file
a Current Report on Form 8-K within four business days after the Annual Meeting, we intend to file a Current Report on Form 8-K
to publish preliminary results and, within four business days after the final results are known to us, file an additional Current
Report on Form 8-K to publish the final results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Who is paying for this proxy solicitation?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">We will pay the entire cost of solicitation of
proxies, including preparation, assembly, printing and mailing of this Proxy Statement, the proxy card and any additional information
furnished to stockholders. Copies of solicitation materials will be furnished to banks, brokerage houses, fiduciaries and custodians
holding in their names shares of Common Stock beneficially owned by others to forward to such beneficial owners. In addition, we
may reimburse persons representing beneficial owners of Common Stock for their costs of forwarding solicitation materials to such
beneficial owners. The original solicitation of proxies by mail may be supplemented by solicitation by mail, telephone or other
electronic means, or in person, by our directors, officers, or other regular employees, or at our request, by Alliance Advisors,
LLC. No additional compensation will be paid to directors, officers or other regular employees for such services, but Alliance
Advisors will be paid its customary fee, estimated to be $6,000, to render solicitation services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>When are stockholder proposals due for next year&rsquo;s Annual
Meeting?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">See the sub-section entitled &ldquo;Stockholder
Nominations and Proposals for 2018 Annual Meeting&rdquo; under the section entitled &ldquo;Other Matters&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>How can I obtain a copy of Geron&rsquo;s Annual Report on Form
10-K?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">We will mail to you without charge, upon written
request, a copy of our Annual Report on Form 10-K filed with the SEC for the fiscal year ended December 31, 2016, as well as a
copy of any exhibit specifically requested. Requests should be sent to: Corporate Secretary, Geron Corporation, 149 Commonwealth
Drive, Suite 2070, Menlo Park, California 94025. A copy of our Annual Report on Form 10-K has also been filed with the SEC and
may be accessed from the SEC&rsquo;s homepage (www.sec.gov). You may also view and download our 2016 Annual Report on Form 10-K
on our website at www.geron.com as well as www.proxyvote.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>What is householding and how does it affect me?</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Some brokers and other nominee record holders
may be participating in the practice of &ldquo;householding&rdquo; proxy statements. This means that only one copy of this Proxy
Statement and 2016 Annual Report on Form 10-K or the Notice may have been sent to multiple stockholders in a stockholder&rsquo;s
household. Once you have received notice from your broker that they will be &ldquo;householding&rdquo; communications to your address,
&ldquo;householding&rdquo; will continue until you are notified otherwise or until you revoke your consent. If, at any time, you
no longer wish to participate in &ldquo;householding&rdquo; and would prefer to receive separate copies of the proxy statement,
annual report or the notice of internet availability of proxy materials, please notify your broker or our Investor Relations department.
We will promptly deliver copies of the Proxy Statement and our 2016 Annual Report on Form 10-K or the Notice to any stockholder
who contacts our Investor Relations department at (650) 473-7765 or by mail addressed to Investor Relations, Geron Corporation,
149 Commonwealth Drive, Suite 2070, Menlo Park, California 94025, requesting such copies. If you receive multiple copies of the
proxy statement and annual report at the stockholder&rsquo;s household and would like to receive a single copy of the proxy statement
and annual report for your household in the future, you should contact your broker, other nominee record holder, or our Investor
Relations department to request a single copy of the proxy statement and annual report.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>MATTERS TO BE CONSIDERED AT THE 2017 ANNUAL
MEETING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a002"></A>PROPOSAL 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ELECTION OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Board Structure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Our Board currently consists of seven directors,
six of whom are &ldquo;independent&rdquo;, as that term is defined by NASDAQ Rule 5602(a)(2), and one of whom is an executive officer
of the Company. Our Bylaws provide for the classification of the Board into three classes, as nearly equal in number as possible,
with staggered terms of office so that one class of the Board is elected annually, and each class of directors stands for election
every three years. Our Bylaws also provide that upon expiration of the term of office for a class of directors, nominees for such
class will be elected for a term of three years or until their successors are duly elected and qualified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The term of office of the Class III directors,
Karin Eastham, V. Bryan Lawlis, Ph.D., and Susan M. Molineaux, Ph.D., will expire at the Annual Meeting in May 2017. Proxies may
only be voted for the three Class III directors nominated for election at the Annual Meeting. The Class I directors, John A. Scarlett,
M.D., and Robert J. Spiegel, M.D., FACP, have one year remaining on their terms of office. The Class II directors, Hoyoung Huh,
M.D., Ph.D., and Daniel M. Bradbury have two years remaining on their terms of office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">The following table provides summary information
about each director nominee and continuing director as of January 31, 2017:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; font-family: Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; border: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-top: Black 1px solid; border-right: Black 1px solid; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-top: Black 1px solid; border-right: Black 1px solid; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1px solid; border-right: Black 1px solid; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Committee Memberships</B></FONT></TD>
    <TD STYLE="text-align: center; border-top: Black 1px solid; border-right: Black 1px solid; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 43%; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Name and Principal Position</B>&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 7%; border-bottom: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Age</B></FONT></TD>
    <TD STYLE="text-align: center; width: 12%; border-bottom: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Independent</B></FONT></TD>
    <TD STYLE="text-align: center; width: 8%; border-bottom: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>AC</B></FONT></TD>
    <TD STYLE="text-align: center; width: 8%; border-bottom: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>CC</B></FONT></TD>
    <TD STYLE="text-align: center; width: 8%; border-bottom: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>NG</B></FONT></TD>
    <TD STYLE="text-align: center; width: 14%; border-bottom: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Other Public<BR>
Boards</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 0pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff"><B><I>2017 Director Nominees:</I></B>&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Karin Eastham&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">67</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">Yes</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">C, FE</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">M</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Retired C.P.A.&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">Independent Director&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid">V. Bryan Lawlis, Ph.D.&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">65</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">Yes</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">M</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">M</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid">Independent Director&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Susan M. Molineaux, Ph.D.</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">63</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">Yes</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">C</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">President, Chief Executive Officer and</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Director, Calithera Biosciences, Inc.</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">Independent Director&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 0pt; border-right: Black 1px solid; border-left: Black 1px solid"><B><I>Continuing Directors:</I></B>&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid">Daniel M. Bradbury&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">55</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">Yes</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">M, FE</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">M</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid">Independent Director&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Hoyoung Huh, M.D., Ph.D.</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">47</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">Yes</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">M</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Chairman of the Board&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">Independent Director&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid">John A. Scarlett, M.D.&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">66</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">No</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid">President and Chief Executive Officer</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 10pt; border-right: Black 1px solid; border-left: Black 1px solid; background-color: #cceeff">Robert J. Spiegel, M.D., FACP</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">67</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">Yes</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">C</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-right: Black 1px solid; background-color: #cceeff">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-indent: 20pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">Independent Director&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-right: Black 1px solid; background-color: #cceeff">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; text-align: left; text-indent: 10pt">AC: Audit Committee</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 25%; text-align: left">CC: Compensation Committee</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%; text-align: justify">NG: Nominating and Corporate Governance Committee</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 10pt">C: Chair</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">M: Member&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">FE: Financial Expert</TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: center; text-indent: -36pt"><B>NOMINEES FOR
ELECTION TO THE BOARD OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: center; text-indent: -36pt"><B>For a Three Year
Term Expiring at the </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: center; text-indent: -36pt"><B>2020 Annual Meeting</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Board has selected three nominees for Class
III directors, all of whom are currently directors of Geron and were previously elected by the stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Set forth below is a brief biography of each nominee
for Class III director, the periods during which they have served as a director of Geron, and information furnished by them as
to principal occupations and public company directorships held by them. The biographies below also include a discussion of the
specific experience, qualifications, attributes or skills of each nominee that led the Nominating and Corporate Governance Committee
and the Board to conclude, as of the date of this Proxy Statement, that each nominee for Class III director should continue to
serve as a director. Each person nominated for election has consented to being named as a nominee in this Proxy Statement and has
agreed to serve if elected, and the Board has no reason to believe that any nominee will be unable to serve.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class III Director Nominees (Term Expiring at the 2020 Annual
Meeting)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Karin Eastham</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#8226;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT><I>Experience</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Ms. Eastham has served as a director of Geron since March 2009. Ms. Eastham also serves as a director for MorphoSys AG, a Frankfurt Stock Exchange-listed biotechnology company, since May 2012; Illumina, Inc., a manufacturer of life science tools and reagents, since July 2004; and Veracyte, Inc., a molecular diagnostics company, since December 2012. Ms. Eastham also served as a director of Trius Therapeutics, Inc., a biopharmaceutical company, from 2009 until its sale in 2013; Amylin Pharmaceuticals, Inc., a biopharmaceutical company focused on diabetes and metabolic disorders, from 2005 until its sale in 2012; and Genoptix, Inc., a provider of specialized laboratory services, from 2008 until its sale in 2011. From 1976 until her retirement in September 2008, Ms. Eastham has held several senior management positions in finance in the biopharmaceutical industry, including with the Burnham Institute for Medical Research, a non-profit corporation engaged in basic biomedical research; Diversa Corporation, a biotechnology company; CombiChem, Inc., a computational chemistry company; Cytel Corporation, a biopharmaceutical company; and Boehringer Mannheim Corporation, a biopharmaceutical company. Ms. Eastham holds a B.S. and an M.B.A. from Indiana University and is a retired Certified Public Accountant.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#8226;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT><I>Qualifications</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT>In considering the nomination of Ms. Eastham for re-election to the Board, the Board and the Nominating and Corporate Governance Committee considered Ms. Eastham&rsquo;s financial expertise and deep business experience, as well as her demonstrated commitment to our Board and her extensive knowledge of Geron&rsquo;s business and strategies, based on her service on Geron&rsquo;s Board since 2009. The Board believes Ms. Eastham&rsquo;s understanding of biotechnology companies, combined with her business leadership and financial experience, her contributions to the Board&rsquo;s understanding of corporate governance and strategy for life science companies through her experience as a director in the biopharmaceutical industry, and her extensive senior management experience in the biopharmaceutical industry, particularly in key corporate finance and accounting positions, qualifies Ms. Eastham to be nominated as a director. Ms. Eastham brings more than 35 years of experience in financial and operations management, business development, strategic planning and corporate governance to Geron&rsquo;s Board, enabling her to provide key insights on strategic and financial planning to the Board.</FONT></TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&#8226;</B></TD>
    <TD COLSPAN="2"><I>Geron Committee Memberships</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><B>&nbsp;</B></TD>
    <TD STYLE="width: 18pt">-</TD>
    <TD>Audit Committee (Chair)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Compensation Committee</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&#8226;</B></TD>
    <TD COLSPAN="2"><I>Other Current Public Company Boards</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Illumina, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Veracyte, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&#8226;</B></TD>
    <TD COLSPAN="2"><I>Former Public Company Directorships Held in the Past Five Years</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Trius Therapeutics, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Amylin Pharmaceuticals, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>V. Bryan Lawlis, Ph.D.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18pt"><B><I>&#8226;</I></B></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><I>Experience</I></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">Dr. Lawlis has served as a director of Geron since March 2012. He also
    serves as a director for BioMarin Pharmaceutical, Inc., a biopharmaceutical company specializing in rare genetic diseases,
    since June 2007; Coherus BioSciences, Inc., a biologics platform company specializing in biosimilars, since May 2014; and
    at several privately-held biotechnology companies. From August 2013 to September 2014, Dr. Lawlis served as a director for
    KaloBios Pharmaceuticals, Inc., a biopharmaceutical company specializing in customized antibodies for the treatment of human
    disease. Dr. Lawlis was also the President and Chief Executive Officer of Itero Biopharmaceuticals LLC, a privately-held,
    early stage biopharmaceutical company that he co-founded, from 2006 to 2011, and has served as an advisor to Phoenix Venture
    Partners, a venture capital firm specializing in manufacturing technologies, since October 2015. Dr. Lawlis has held several
    senior management positions in the biopharmaceutical industry, including President and Chief Executive Officer of Aradigm
    Corporation, a specialty drug company focused on drug delivery technologies, and President and Chief Executive Officer of
    Covance Biotechnology Services, a contract biopharmaceutical manufacturing operation, which he co-founded. Dr. Lawlis holds
    a B.A. in microbiology from the University of Texas at Austin and a Ph.D. in biochemistry from Washington State University.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><B><I>&#8226;</I></B></TD>
    <TD STYLE="text-align: justify"><I>Qualifications</I></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">The Board believes Dr. Lawlis&rsquo; extensive experience in manufacturing
    biotechnology and other pharmaceutical products, as well has his expertise in the research and development of drug products
    and in the management and conduct of clinical trials and drug regulatory processes, qualifies Dr. Lawlis to be nominated as
    a director.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B><I>&#8226;</I></B></TD>
    <TD COLSPAN="2"><I>Geron Committee Memberships</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><B>&nbsp;</B></TD>
    <TD STYLE="width: 18pt">-</TD>
    <TD>Audit Committee</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Compensation Committee</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&#8226;</B></TD>
    <TD COLSPAN="2"><I>Other Current Public Company Boards</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>BioMarin Pharmaceutical, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-</TD>
    <TD>Coherus Biosciences, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&#8226;</B></TD>
    <TD COLSPAN="2"><I>Former Public Company Directorships Held in the Past Five Years</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD>-&nbsp;</TD>
    <TD>KaloBios Pharmaceuticals, Inc.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Susan M. Molineaux, Ph.D.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt"><I>&nbsp;</I></TD>
    <TD STYLE="width: 18pt"><B><I>&#8226;</I></B></TD>
    <TD STYLE="text-align: justify"><I>Experience</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">Dr. Molineaux has served as a director of Geron since September 2012.
    She has been Chief Executive Officer and President and a director of Calithera Biosciences, Inc., a biotechnology company
    developing oncology therapeutics, since co-founding the company in June 2010. Since April 2015, she has also served as a director
    for Theravance Biopharma, Inc., a biopharmaceutical company located in South San Francisco, where she is a member of the Science
    and Technology Committee, and as a Scientific Advisor to Lightstone Ventures, a private life sciences investment company,
    since September 2016. Prior to Calithera, Dr. Molineaux co-founded Proteolix, Inc., a privately-held oncology-oriented biopharmaceutical
    company, where she served as Chief Scientific Officer from December 2003 until December 2005 and from February 2009 until
    November 2009, and as President and Chief Executive Officer from January 2006 until February 2009, until the company&rsquo;s
    acquisition by Onyx Pharmaceuticals, Inc., a global oncology-oriented biopharmaceutical company, in November 2009. Previously,
    Dr. Molineaux held several senior management positions in the biopharmaceutical industry, including Vice President of Biology
    at Rigel Pharmaceuticals, Inc., a biopharmaceutical company focused on inflammatory and autoimmune diseases; Vice President
    of Biology at Praelux, Inc., a biopharmaceutical company; and Vice President of Drug Development at Praecis Pharmaceuticals,
    Inc., an oncology-focused biopharmaceutical company. Dr. Molineaux holds a B.S. in biology from Smith College, a Ph.D. in
    molecular biology from Johns Hopkins University, and completed a postdoctoral fellowship at Columbia University.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B><I>&#8226;</I></B></TD>
    <TD STYLE="text-align: justify"><I>Qualifications</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">Dr. Molineaux has demonstrated her ability to dedicate sufficient time
    and focus on her duties as a director of Geron, including her role as Chair of our Nominating and Corporate Governance Committee.
    As President and director of Calithera, Dr. Molineaux does not serve on any Calithera board committees, and accordingly serves
    only on board committees for Geron and Theravance. In the past year, Dr. Molineaux has attended 100% of the meetings for Geron&rsquo;s
    Board and Nominating and Corporate Governance Committee, and all of the meetings for Theravance&rsquo;s board and Science
    and Technology Committee. Dr. Molineaux&rsquo;s duties on Theravance&rsquo;s Science and Technology Committee are limited
    in scope and therefore our Board believes that her membership on that committee does not interfere with her ability to reliably
    devote time to Geron&rsquo;s Board, as well as Geron&rsquo;s Nominating and Corporate Governance Committee. In accordance
    with our Board&rsquo;s standard practice, Dr. Molineaux reviews scheduled Geron Board and committee meeting dates a year in
    advance to confirm availability to participate and attend all Board and committee meetings. All the companies for which she
    serves as a director are located in the San Francisco Bay Area, enabling her to travel and regularly attend Geron&rsquo;s
    Board and committee meetings. Dr. Molineaux does not serve on the board of any privately-held companies.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: justify">The Board believes Dr. Molineaux&rsquo;s extensive experience in pharmaceutical
    and oncology drug development, and her expertise in managing and conducting clinical trials, qualifies Dr. Molineaux to be
    nominated as a director. The Board and the Nominating and Corporate Governance Committee also believe that Dr. Molineaux provides
    great value to the Board and contributes significantly to discussions and decision-making. Dr. Molineaux has extensive experience
    in the biotechnology industry, with current executive experience at Calithera. Accordingly, the Board believes that Dr. Molineaux
    should be nominated to serve as a director based upon her business and scientific expertise acquired in successfully holding
    executive and leadership positions in biotechnology companies, and her demonstrated reliability and commitment to service
    on our Board and Nominating and Corporate Governance Committee. Dr.&nbsp; Molineaux&rsquo;s knowledge of the biotechnology
    industry and business, and healthcare related issues, combined with her experience as the chief executive officer of a public
    company, position her well to be nominated to serve as a member of Geron&rsquo;s Board.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Geron Committee Memberships</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Nominating and Corporate Governance Committee (Chair)</TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Other Current Public Company Boards</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Calithera Biosciences, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Theravance BioPharma, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Former Public Company Directorships Held in the Past
    Five Years</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>None</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Vote Required and Board Recommendation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Directors are elected by a plurality of the votes
of the holders of shares present in person or represented by proxy at the meeting. The three nominees receiving the highest number
of &ldquo;FOR&rdquo; votes properly cast in person or by proxy at the meeting will be elected as a Class III director of Geron.
The election of directors is a non-routine matter on which a broker or other nominee is not empowered to vote. Accordingly, if
the beneficial owner does not give a broker specific instructions, the beneficially owned shares may not be voted on this proposal
and will not be counted in determining the number of shares necessary for election. Broker non-votes will not have any effect on
the outcome of this proposal. In tabulating the voting results for the election of directors, only &ldquo;FOR&rdquo; and &ldquo;WITHHOLD&rdquo;
votes are counted. In the event that any nominee should be unavailable for election as a result of an unexpected occurrence, such
shares will be voted for the election of such substitute nominee as our Nominating and Corporate Governance Committee and Board
may propose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Although the election of directors at the Annual
Meeting is uncontested and directors are elected by a plurality of votes cast, and we therefore expect that each of the named nominees
for director will be elected at the Annual Meeting, under our Corporate Governance Guidelines, any nominee for director is required
to submit an offer of resignation for consideration by the Nominating and Corporate Governance Committee if such nominee for director
(in an uncontested election) receives a greater number of &ldquo;WITHHOLD&rdquo; votes from his or her election than votes &ldquo;FOR&rdquo;
such election. In such case, the Nominating and Corporate Governance Committee will then consider all of the relevant facts and
circumstances and recommend to the Board the action to be taken with respect to such offer of resignation. Promptly following the
Board&rsquo;s decision, we would disclose that decision and an explanation of such decision in a filing with the SEC or a press
release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Board of Directors Unanimously Recommends
That Stockholders </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Vote <U>FOR</U> the Election of Each
Nominee to the Board of Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MEMBERS OF THE BOARD OF DIRECTORS CONTINUING
IN OFFICE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Set forth below is a brief biography of each continuing
director composing the remainder of the Board with terms expiring as shown, including the periods during which they have served
as a director of Geron, and information furnished by them as to principal occupations and public company directorships held by
them. The biographies below also include a discussion of the specific experience, qualifications, attributes or skills of each
continuing director that led the Nominating and Corporate Governance Committee and the Board to conclude, as of the date of this
Proxy Statement, that the applicable director should continue to serve as a director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class I Directors (Term Expiring at the 2018 Annual Meeting)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>John A. Scarlett, M.D.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&#8226;</TD>
    <TD><I>Experience</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Dr. Scarlett has served as our Chief Executive Officer and a director
    since joining Geron in September 2011 and President since January 2012. Dr. Scarlett also serves as a director for Chiasma,
    Inc., a biopharmaceutical company focused on transforming injectable drugs into oral medications, since February 2015, and
    CytomX Therapeutics, Inc., an emerging medical technology company, since June 2016. Prior to joining Geron, Dr. Scarlett served
    as President, Chief Executive Officer and a member</TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="text-align: justify">of the board of directors of Proteolix, Inc., a privately-held, oncology-oriented
    biopharmaceutical company, from February 2009 until its acquisition by Onyx Pharmaceuticals, Inc., an oncology-oriented biopharmaceutical
    company, in November 2009. From February 2002 until its acquisition by Ipsen, S.A. in October 2008, Dr. Scarlett served as
    the Chief Executive Officer and a member of the board of directors of Tercica, Inc., an endocrinology-oriented biopharmaceutical
    company, and also as its President from February 2002 through February 2007. From March 1993 to May 2001, Dr. Scarlett served
    as President and Chief Executive Officer of Sensus Drug Development Corporation. In 1995, he co-founded Covance Biotechnology
    Services, Inc., a contract biopharmaceutical manufacturing operation, and served as a member of its board of directors from
    inception to 2000. From 1991 to 1993, Dr. Scarlett headed the North American Clinical Development Center and served as Senior
    Vice President of Medical and Scientific Affairs at Novo Nordisk Pharmaceuticals, Inc., a wholly-owned subsidiary of Novo
    Nordisk A/S. Dr. Scarlett received his B.A. degree in chemistry from Earlham College and his M.D. from the University of Chicago,
    Pritzker School of Medicine.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify"><I>Qualifications</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">As the only management representative on the Board, Dr. Scarlett brings
    management&rsquo;s perspective to Board discussions about Geron&rsquo;s business and strategic direction. In addition, the
    Board believes Dr. Scarlett&rsquo;s deep understanding of what makes businesses work effectively and efficiently, as well
    as his medical background and extensive drug development experience, which provides substantial understanding of potential
    clinical product opportunities, qualifies Dr. Scarlett to serve as a director.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Geron Committee Memberships</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-&#9;</TD>
    <TD>None</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Other Current Public Company Boards</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Chiasma, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>CytomX Therapeutics, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Former Public Company Directorships Held in the Past
    Five Years</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>None</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Robert J. Spiegel, M.D., FACP</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&#8226;</TD>
    <TD STYLE="text-align: justify"><I>Experience</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Dr. Spiegel has served as a director of Geron since May 2010. Dr. Spiegel
    currently serves as an Associate Fellow at the University of Pennsylvania Center for Bioethics; and as an Associate Professor
    at the Weill Cornell Medical School. He is also a director of Edge Therapeutics, Inc., a biopharmaceutical company, since
    August 2013; Sucampo Pharmaceuticals, Inc., a biopharmaceutical company, since January 2015; and Avior Computing Corporation,
    a privately-held governance risk and compliance process technology company. He served as a director for Talon Therapeutics,
    Inc., a biopharmaceutical company, from July 2010 to July 2013; Capstone Therapeutics Corp., a biotechnology company, from
    May 2010 to January 2012; the Cancer Institute of New Jersey from 1999 to 2009; and Cancer Care New Jersey from 1995 to 2011.
    From March 2011 to April 2016, Dr. Spiegel served as Chief Medical Officer of PTC Therapeutics, Inc., a biopharmaceutical
    company focused on discovering and developing treatments for rare and neglected disorders. In 2009, after 26 years with the
    Schering-Plough Corporation (now Merck &amp; Co.), a global healthcare company, Dr.&nbsp; Spiegel retired as Chief Medical
    Officer and Senior Vice President of the Schering-Plough Research Institute, the pharmaceutical research arm of the Schering-Plough
    Corporation. His career at Schering-Plough involved various positions, including Director of clinical research for oncology,
    Vice President of clinical research, and Senior Vice President of worldwide clinical research. Following a residency in internal
    medicine, Dr. Spiegel completed a fellowship in medical oncology at the National Cancer Institute, and from 1981 to 1999 he
    held academic positions at the National Cancer Institute and New York University Cancer Center. Dr. Spiegel holds a B.A. from
    Yale University and an M.D. from the University of Pennsylvania.</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#8226;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Qualifications</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT>The Board believes Dr. Spiegel&rsquo;s extensive medical experience developing oncology products, his deep understanding of pharmaceutical research and development, and broad expertise in gaining regulatory approval for drug candidates, enhances the Board&rsquo;s ability to critically assess the progress and potential of imetelstat, and qualifies Dr. Spiegel to serve as a director.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Geron Committee Memberships</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>- </TD>
    <TD>Compensation Committee (Chair)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Other Current Public Company Boards</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Edge Therapeutics, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-&#9;</TD>
    <TD>Sucampo Pharmaceuticals, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Former Public Company Directorships Held in the Past Five Years</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Talon Therapeutics, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Capstone Therapeutics Corporation</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class II Directors (Term Expiring at the 2019 Annual Meeting)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Hoyoung Huh, M.D., Ph.D.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&#8226;</TD>
    <TD STYLE="text-align: justify"><I>Experience</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Dr. Huh has been the Chairman of the Board since September 2011, served
    as our interim Executive Chairman from February 2011 to September 2011, and has served as a director of Geron since May&nbsp;2010.
    He is also Chairman of the board of directors of CytomX Therapeutics, Inc., an emerging medical technology company, since
    February 2012, and a director of AntriaBio, Inc., a biopharmaceutical company focused on developing therapies for diabetes,
    since January 2013. Additionally, Dr. Huh serves on the boards of directors of several privately-held companies. Dr. Huh served
    as a director of ADDEX Pharmaceuticals, a pharmaceutical discovery and development company, from May&nbsp;2011 to May 2014;
    as Chairman of the board of directors and Chief Executive Officer of BiPar Sciences, Inc., a wholly-owned subsidiary of Sanofi-Aventis,
    a global pharmaceutical company, from February 2008 to December 2011; as a director of Facet Biotech, a wholly-owned subsidiary
    of Abbott, a global, broad-based health care company, from September 2009 to April 2010; and as a director of Nektar Therapeutics,
    a clinical-stage biopharmaceutical company, from February 2008 to May&nbsp;2009. Dr.&nbsp;Huh has held several senior management
    positions in the biopharmaceutical industry, including President and Chief Executive Officer at BiPar and Chief Operating
    Officer and Senior Vice President of Business Development and Marketing at Nektar. Prior to Nektar, Dr. Huh was a partner
    at McKinsey &amp; Company, a global management consulting firm, where he was in the biotechnology and biopharmaceutical sectors.
    Prior to McKinsey, he held positions as a physician and researcher at Cornell University Medical College and Sloan-Kettering
    Cancer Center. Dr. Huh holds an A.B. in biochemistry from Dartmouth College and an M.D. and Ph.D. in genetics and cell biology
    from Cornell University Medical College and Sloan-Kettering Institute.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify"><I>Qualifications</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">The Board believes Dr. Huh&rsquo;s management and operational experience
    as President and Chief Executive Officer of BiPar Sciences and Chief Operating Officer of Nektar Therapeutics, his significant
    expertise in implementing strategic and line management initiatives at McKinsey and his knowledge of biotechnology and pharmaceutical
    collaborations, qualifies Dr. Huh to serve as a director and Chairman of the Board.</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#8226;</FONT></TD>
    <TD COLSPAN="2"><FONT style="font-size: 10pt"><I>Geron Committee Memberships</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; width: 18pt">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD><FONT style="font-size: 10pt">Nominating and Corporate Governance Committee</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#8226;</FONT></TD>
    <TD COLSPAN="2"><FONT style="font-size: 10pt"><I>Other Current Public Company Boards</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD><FONT style="font-size: 10pt">CytomX Therapeutics, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">AntriaBio, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#8226;</FONT></TD>
    <TD COLSPAN="2"><FONT style="font-size: 10pt"><I>Former Public Company Directorships Held in the Past Five Years</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD><FONT style="font-size: 10pt">ADDEX Pharmaceuticals</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Daniel M. Bradbury</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&#8226;</TD>
    <TD STYLE="text-align: justify"><I>Experience</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Mr. Bradbury has served as a director of Geron since September 2012.
    He also serves as a director for Illumina, Inc., a manufacturer of life science tools and reagents, since January 2004; Corcept
    Therapeutics Incorporated, a company focused on the discovery and development of drugs that regulate the effects of cortisol,
    since October 2012; Biocon Ltd., an Indian biopharmaceutical company, since April 2013; and Intercept Pharmaceuticals, Inc.,
    a biopharmaceutical company focused on the development and commercialization of novel therapeutics for non-viral liver diseases,
    since July 2016. Mr.&nbsp;Bradbury also served on the board of directors of BioMed Realty Trust, Inc., a real estate investment
    trust focused on providing real estate to the life science industry, from January 2013 to January 2016 and Syngene International
    Ltd., an Indian contract research manufacturing organization, from April 2013 to May 2016. Mr.&nbsp;Bradbury is also a member
    of the board of trustees of the Keck Graduate Institute. He also serves on the University of California San Diego, Rady School
    of Management&rsquo;s Advisory Council, Investor Growth Capital Advisory Board and the BioMed Ventures Advisory Committee.
    Mr.&nbsp;Bradbury held several senior positions at Amylin Pharmaceuticals, Inc., a biopharmaceutical company focused on diabetes
    and metabolic disorders, including Chief Executive Officer from March 2007 until its acquisition by Bristol-Myers Squibb Company
    in August 2012. In addition, Mr.&nbsp;Bradbury served as a member of the board of directors of Amylin from June 2006 until
    August 2012. Prior to joining Amylin, he spent ten years at SmithKline Beecham Pharmaceuticals, a pharmaceutical company,
    holding a number of sales and marketing positions. He received a Bachelor of Pharmacy from Nottingham University and a Diploma
    in Management Studies from Harrow and Ealing Colleges of Higher Education in the United Kingdom.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify"><I>Qualifications</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">The Board believes that Mr.&nbsp; Bradbury&rsquo;s extensive experience
    in the biopharmaceutical industry, together with his experience in the research, development and commercialization of pharmaceutical
    drug products, qualifies Mr.&nbsp;Bradbury to serve as a director. Mr.&nbsp;Bradbury brings significant experience in leadership
    positions at biopharmaceutical companies, making his perspective on the pharmaceutical industry and healthcare related issues
    valuable to Geron&rsquo;s Board.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Geron Committee Memberships</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Audit Committee</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Nominating and Corporate Governance Committee</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226; </TD>
    <TD COLSPAN="2"><I>Other Current Public Company Boards</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Illumina, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Corcept Therapeutics, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>Intercept Pharmaceuticals, Inc.</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD COLSPAN="2"><I>Former Public Company Directorships Held in the Past
    Five Years</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">-</TD>
    <TD>Amylin Pharmaceuticals, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>-</TD>
    <TD>BioMed Realty Trust, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B><A NAME="d318322a003"></A>BOARD LEADERSHIP AND GOVERNANCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">We have an ongoing commitment to excellence in
corporate governance and business practices. In furtherance of this commitment, we regularly monitor developments in the area of
corporate governance and review our processes, policies and procedures in light of such developments. We comply with the rules
and regulations promulgated by the SEC and NASDAQ, and implement additional corporate governance practices that we believe are
in the best interest of Geron and our stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Corporate Governance Guidelines</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Our Board has adopted Corporate Governance Guidelines
that set forth key principles to guide the operation of the Board and its committees in the exercise of their responsibilities
to serve the interests of Geron and our stockholders. The current form of the Corporate Governance Guidelines can be found on the
Corporate Governance page under the Investor Relations section of our website at www.geron.com. In addition, these guidelines are
available in print to any stockholder who requests a copy. Please direct all requests to our Corporate Secretary, Geron Corporation,
149 Commonwealth Drive, Suite 2070, Menlo Park, California 94025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Board Independence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">In accordance with NASDAQ listing standards and
Geron&rsquo;s Corporate Governance Guidelines, a majority of the members of our board of directors must qualify as &ldquo;independent&rdquo;
as defined by NASDAQ Rule 5605(a)(2). In keeping with these guidelines, a member of our Board may serve as a director of another
company only to the extent such position does not conflict or interfere with such person&rsquo;s service as a director of Geron.
The Board consults with our counsel to ensure that the Board&rsquo;s determinations regarding Board independence are consistent
with relevant securities and other laws and regulations regarding the definition of &ldquo;independent,&rdquo; including those
set forth in pertinent listing standards of NASDAQ, as in effect from time-to-time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Consistent with these considerations, our Board
has determined affirmatively that all nominees for election at the Annual Meeting and all current and continuing directors, with
the exception of Dr. Scarlett, our current President and Chief Executive Officer, are independent, meeting the objective requirements
set forth by the SEC and NASDAQ, and having no relationship, direct or indirect, to Geron other than as stockholders or through
their service on the Board. The Board regularly meets in executive sessions without the presence of Dr. Scarlett, the sole non-independent
director, or management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">There are no family relationships between any
director and any of our executive officers. There are no arrangements or agreements relating to compensation provided by a third
party to any member of our Board, including current nominees for director, in connection with their candidacy or board service
to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Board Leadership Structure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Board has an independent Chair, Dr. Huh, who
has authority, among other things, to call and preside over Board meetings, including meetings of the independent directors, to
set meeting agendas and to determine materials to be distributed to the Board. Accordingly, the Board Chair has substantial ability
to shape the work of the Board. We believe that separation of the positions of Board Chair and Chief Executive Officer reinforces
the independence of the Board in its oversight of the business and affairs of Geron. As a result, we believe that having an independent
Board Chair enhances the effectiveness of the Board as a whole, and creates an environment that is more conducive to objective
evaluation and oversight of management&rsquo;s performance, increasing management accountability and improving the ability of the
Board to monitor whether management&rsquo;s actions are in the best interests of Geron and our stockholders.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">In accordance with our Corporate Governance Guidelines,
if the Board appoints a Board Chair that does not qualify as an independent director, the Board will then appoint a Lead Independent
Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Board Committees and Meetings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">It is Geron&rsquo;s policy to encourage directors
to attend annual meetings of stockholders. All of our current directors attended our 2016 Annual Meeting. During the fiscal year
ended December 31, 2016, the Board held six meetings. The Board has an Audit Committee, a Compensation Committee, and a Nominating
and Corporate Governance Committee. During the fiscal year ended December 31, 2016, each of the directors attended at least 75%
of the aggregate number of meetings of the Board and the committees on which the director served during the portion of the last
fiscal year for which he or she was a director or committee member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Below is a description of each committee of the
Board. Each of the committees has authority to engage and determine the compensation for legal counsel or other experts or consultants,
as it deems appropriate, to assist with fulfilling its responsibilities. The Board has determined that each member of each committee
meets the applicable NASDAQ rules and regulations regarding &ldquo;independence&rdquo; and that each member is free of any relationship
that would impair his or her individual exercise of independent judgement with regard to Geron.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Audit Committee</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Audit Committee operates under a written charter
that satisfies the applicable standards of the SEC and NASDAQ. A copy of the Audit Committee charter is available on our website
at www.geron.com. The Audit Committee held eight meetings in 2016 and acted once by unanimous written consent. The Audit Committee&rsquo;s
responsibilities include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&#8226;</TD>
    <TD STYLE="text-align: justify">appointing or terminating, approving the compensation of, and assessing
    the qualifications, performance and independence of our independent registered public accounting firm; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">pre-approving audit and permissible non-audit services and the terms
    of such services to be provided by our independent registered public accounting firm; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">reviewing the plan and scope of the annual audit of financial statements
    with the independent registered public accounting firm and members of management; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">reviewing and discussing with management and/or the independent registered
    public accounting firm, prior to public disclosure, our annual and quarterly financial statements and related disclosures
    in our Forms 10-K, Forms 10-Q, and earnings press releases, including critical accounting policies and practices used by us
    and information contained in &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations&rdquo;;
    </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">recommending, based upon the Audit Committee&rsquo;s review and discussions
    with management and the independent registered public accounting firm, whether our audited financial statements shall be included
    in our Annual Report on Form 10-K;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">monitoring our internal control over financing reporting and disclosure
    controls and procedures, including reviewing management&rsquo;s assessment and disclosures related to any significant changes,
    material weaknesses or significant deficiencies;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">overseeing compliance with legal and regulatory requirements as they
    relate to our financial statements and accounting matters, including our insider trading compliance program; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">establishing policies and procedures for the receipt and retention
    of whistleblower complaints and concerns and overall compliance with our Code of Conduct;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">preparing the audit committee report required by the SEC to be included
    in our annual proxy statement; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">reviewing and approving or ratifying any related party transactions;
    and </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&#8226;</TD>
    <TD STYLE="text-align: justify">overseeing financial and operation risk exposures and the actions management
    has taken to limit, monitor and control such exposures.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Board has determined that all of the members
of the Audit Committee are financially literate and that two members of the Audit Committee, Ms. Eastham and Mr.&nbsp;Bradbury,
have accounting and financial management expertise that qualifies each as an &ldquo;Audit Committee Financial Expert,&rdquo; as
such term is defined in Item 407(d)(5) of Regulation S-K promulgated by the SEC. See more information about the Audit Committee
in the section entitled &ldquo;Audit Committee Report&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Compensation Committee</I></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Compensation Committee operates under a written charter that satisfies the applicable standards of
the SEC and NASDAQ. A copy of the Compensation Committee charter is available on our website at www.geron.com. The charter of the
Compensation Committee allows it to delegate responsibilities to a subcommittee of the Compensation Committee, but only to the
extent consistent with our certificate of incorporation, Bylaws, NASDAQ rules and Section 162(m) of the Internal Revenue Code of
1986, as amended. The Compensation Committee held six meetings in 2016. The Compensation Committee&rsquo;s responsibilities include:</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&bull;</TD>
    <TD STYLE="text-align: justify">establishing and overseeing our executive compensation philosophy and strategy; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">reviewing and approving the terms of any employment agreements, severance arrangements, change in control protections
    and other compensatory arrangements for our executive management team, including our Chief Executive Officer; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">annually reviewing and recommending to the full Board corporate goals and objectives relevant to the compensation of our
    executive management team, including our Chief Executive Officer; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">based upon an annual evaluation of the performance of our Named Executive Officers, reviewing and approving, or making
    recommendation to the full Board with respect to, the compensation of our executive management team, including our Chief Executive
    Officer; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">overseeing and administering our cash and equity incentive plans, including establishing policies and procedures for the
    grant of equity-based awards and approving, or making recommendation to the full Board with respect to, the grant of such
    equity-based awards; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">appointing, compensating and overseeing the work of any compensation and benefits consultants, legal counsel or other
    experts or advisors retained by the Compensation Committee, including an independence assessment as outlined by NASDAQ rules;
    </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">reviewing and discussing with management our compensation discussion and analysis disclosure to be included in our annual
    proxy statement; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">reviewing and making recommendations to our Board with respect to director compensation; and </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">reviewing and assessing the potential impact of our compensation practices on enterprise risk.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">For information on the Compensation Committee&rsquo;s
processes and procedures for the consideration and determination of executive compensation, see the sub-section entitled &ldquo;Compensation
Discussion and Analysis&nbsp;&#8211;Role of the Compensation Committee&rdquo;. For information on the Compensation Committee&rsquo;s
processes and procedures with respect to director compensation matters, see the section entitled &ldquo;Compensation of Directors.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Compensation Committee Interlocks and Insider Participation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Drs. Lawlis and Spiegel and Ms. Eastham served
on the Compensation Committee for the entire fiscal year ended December 31, 2016. Neither Drs. Lawlis or Spiegel, nor Ms. Eastham,
is a former or current officer or employee of Geron. None of our executive officers serves as a member of a compensation committee
of any entity that has one or more executive officers serving as a member of our Board or Compensation Committee.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Nominating and Corporate Governance Committee</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Nominating and Corporate
Governance Committee operates under a written charter that satisfies the applicable standards of the SEC and NASDAQ. A copy of
the Nominating and Corporate Governance Committee charter is available on our website at www.geron.com. The Nominating and Corporate
Governance Committee held two meetings in 2016 and acted once by unanimous written consent. The Nominating and Corporate Governance
Committee&rsquo;s responsibilities include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">developing, reviewing and recommending to the Board a set of corporate governance guidelines and principles; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">creating and recommending to the Board criteria for Board and committee membership; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">establishing procedures for identifying and evaluating individuals qualified to become members of the Board, including nominees recommended by stockholders; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">recommending to the Board the persons to be nominated for election or re-election as directors; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">reviewing and recommending to the Board the functions, duties and compositions of the Board committees; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">considering and reporting to the Board any questions of possible conflicts of interest of Board members; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">assessing the performance of the Board, the Board committees and individual directors. </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Specific qualifications
and the process for recommending director candidates are provided in more detail under the sub-sections entitled &ldquo;Director
Nominees Recommended by Stockholders&rdquo; and &ldquo;Director Qualifications&rdquo;. The Nominating and Corporate Governance
Committee will investigate, evaluate and interview, as appropriate, a director candidate with regard to his or her individual characteristics
as well as how those characteristics fit with the needs of the Board as a whole and the long-term interests of our stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Board&rsquo;s Role in Risk Oversight</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Geron is subject to a variety
of risks, including those described under the section entitled &ldquo;Risk Factors&rdquo; in our Annual Report on Form 10-K for
the year ended December 31, 2016. Some risks may be readily perceived and even quantified, while others are unexpected or unforeseeable.
Risks can be external, or can arise as a result of our business or financial activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Board and our management
team work together to manage our risks. It is management&rsquo;s responsibility to identify various risks facing the Company, bring
the Board&rsquo;s attention to material risks and implement appropriate risk management policies and procedures to manage risk
exposure on a day-to-day basis. The Board has an active role in overseeing our risk management process directly or through its
committees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Board has delegated
responsibility for the oversight of specific risks to the Board committee as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Audit Committee oversees management of financial risks. In addition to fulfilling its responsibilities for the oversight of our financial reporting processes and annual audit of Geron&rsquo;s financial statements, the Audit Committee also reviews with the independent registered public accounting firm and the Company&rsquo;s management the adequacy and effectiveness of our policies and procedures to assess, monitor and manage fraud risk and our ethical compliance program. The Audit Committee takes the appropriate actions to set the best practices and highest standards for quality financial reporting, sound business risk practices and ethical behavior.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Compensation Committee is responsible for overseeing the management of risks relating to our employment policies and executive compensation plans and arrangements. In connection with structuring the executive compensation program, the Compensation Committee, together with the Board, considers whether the elements of such program, individually or in the aggregate, encourage our Named Executive Officers to take unnecessary risks. For further information, see the sub-section entitled &ldquo;Risk Assessment of Compensation Policies and Practices&rdquo;.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Nominating and Corporate Governance Committee manages Geron&rsquo;s corporate governance practices. In addition, the Nominating and Corporate Governance Committee reviews risks associated with the independence of the Board, potential conflicts of interest and risks relating to management and Board succession planning.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">While each committee is
responsible for evaluating certain risks and overseeing the management of such risks within its respective oversight area, the
entire Board is regularly informed through committee reports about such risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Risk Assessment of Compensation Policies
and Practices</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
maintains a pay for performance compensation philosophy, but also recognizes that providing certain types of compensation incentives
may inadvertently motivate individuals to act in ways that could be detrimental to the Company in order to maximize individual
compensation. To minimize such risk, the Compensation Committee annually evaluates our compensation philosophy generally as it
relates to all employees, as well as individual compensation elements of base salary, annual incentive bonuses, equity awards,
severance and change in control benefits and other benefits to ensure each is evaluated against appropriate standards and that
such incentives provide for the achievement of target goals that are balanced between short-term rewards and long-term enhancement
of stockholder value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
believes the following elements of our compensation program mitigate the risks associated with our compensation practices:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">setting annual base salaries consistent with the responsibilities of our Named Executive Officers and market comparables to ensure that our Named Executive Officers would not be motivated to take excessive risks to achieve a reasonable level of financial security; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">establishing corporate goals for our performance-based incentive bonus program that are consistent with our annual operating and strategic plans and are designed to achieve a proper risk/reward balance without excessive risk taking; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">annual incentive bonuses determined by performance with no minimum payments; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">having a mix between fixed and variable, annual and long-term and cash and equity compensation elements to encourage strategies and actions that balance short-term and long-term best interests; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">granting stock option awards over a period of time to encourage our Named Executive Officers to take a long-term view of our business; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">absence of employment agreements or contracts that contain multi-year guarantees of salary increases, non-performance-based bonuses or equity compensation; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">emphasis on pay equity amongst our employees and with reference to external comparators; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the discretion available to the Compensation Committee and the Board in measuring and calculating achievement of corporate goals and other corporate performance measures which prevents the compensation program from being susceptible to manipulation by a single employee.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
has reviewed our compensation policies and practices as they relate to all employees and has determined that such policies and
practices do not present any risks that are reasonably likely to have a material adverse effect on Geron, and instead, encourage
behaviors that support sustainable value generation. In addition, the Compensation Committee has reviewed and evaluated our executive
compensation program and believes that our executive compensation policies and practices do not encourage inappropriate actions
or risk taking by our Named Executive Officers.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a004"></A>OTHER CORPORATE GOVERNANCE MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We have an ongoing commitment
to excellence in corporate governance and business practices. In furtherance of this commitment, we regularly monitor developments
in the area of corporate governance and review our processes, policies and procedures in light of such developments, and in 2016
we further refined our corporate governance practices to, among other things, enhance our Board&rsquo;s review of the effectiveness
of our disclosure procedures. We comply with the rules and regulations promulgated by the SEC and NASDAQ, and implement additional
corporate governance practices that we believe are in the best interest of Geron and our stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Code of Conduct</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In 2003, we adopted a Code
of Conduct, which is available in its entirety on the Corporate Governance page in the Investor Relations section of our website
at www.geron.com and to any stockholder otherwise requesting a copy. All our directors, employees, executive officers, including
our Chief Executive Officer and Chief Financial Officer, are required to adhere to the Code of Conduct in discharging their work-related
responsibilities. Employees are required to report any conduct they believe in good faith to be an actual or apparent violation
of the Code of Conduct. Amendments to the Code of Conduct, and any waivers from the Code of Conduct granted to our directors or
executive officers, will be made available through our website as they are adopted. Accordingly, we intend to satisfy the disclosure
requirement under Item 5.05 of Form 8-K regarding an amendment to, or waiver from, a provision of the Code of Conduct by posting
such information on our website at www.geron.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Whistleblower Policy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In keeping with the Sarbanes-Oxley
Act of 2002, the Audit Committee has established procedures for the receipt and handling of complaints received by us regarding
accounting, internal accounting controls, auditing matters, questionable financial practices or violations of our Code of Conduct
(&ldquo;complaints&rdquo;). Contact information for an external hotline that is maintained by an independent third party has been
distributed to all employees and consultants to allow for the confidential, anonymous submission of complaints by our employees
and consultants. Any complaints received by this hotline are reviewed under direction by the Audit Committee and oversight by our
General Counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Prohibitions on Derivative, Hedging, Monetization
and Other Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We maintain an insider trading
policy that applies to all directors and employees, including our executive officers, which prohibits certain transactions in our
stock, including short sales, puts, calls or other transactions involving derivative securities, hedging or monetization transactions,
purchases of our Common Stock on margin or borrowing against an account in which our Common Stock is held, or pledging our Common
Stock as collateral for a loan. A copy of our insider trading policy is available on our website at www.geron.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Communications with the Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Stockholders wishing to
communicate with the Board, or with a specific Board member, may do so by writing to the Board, or to the particular Board member,
and delivering the communication in person or mailing it to: Board of Directors, c/o Stephen N. Rosenfield, Corporate Secretary,
Geron Corporation, 149 Commonwealth Drive, Suite 2070, Menlo Park, CA 94025. All mail addressed in this manner will be delivered
to the Chair or Chairs of the Board committees with responsibilities touching most closely on the matters addressed in the communication.
From time-to-time, the Board may change the process by which stockholders may communicate with the Board or its members. Please
refer to our website for any changes to this process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a005"></A>COMPENSATION OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
determines non-employee director compensation, which the full Board reviews and approves upon recommendation from the Compensation
Committee. When considering non-employee director compensation decisions, the Compensation Committee believes it is important to
be informed as to current compensation practices of comparable publicly-held companies in the life sciences industry, especially
to understand the demand and competitiveness for attracting and retaining an individual with each non-employee</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">director&rsquo;s specific expertise and experience.
Our compensation arrangements for our non-employee directors are set forth in our Non-Employee Director Compensation Policy (the
&ldquo;Director Compensation Policy&rdquo;). The Director Compensation Policy outlines cash and equity compensation automatically
payable to non-employee members of the Board, unless such non-employee director declines receipt of such cash or equity compensation
by written notice to us. Every other year, the Compensation Committee reviews our non-employee director compensation relative to
industry practices. In February 2016, Radford, an independent compensation consultant, conducted a review of non-employee director
compensation in comparison to an industry peer group for 2016 that was selected to evaluate the executive and non-employee directors&rsquo;
compensation based upon Geron&rsquo;s current market capitalization, revenue, stage of development and size of company. Based on
this review, and guidance from Radford, the Board approved an amendment to the Director Compensation Policy to increase the size
of the Initial Grant described below from 70,000 to 100,000 shares of Common Stock and the size of the Annual Grant from 35,000
to 50,000 shares of Common Stock, effective February 11, 2016. No changes were made to non-employee director cash compensation.
For further discussion of the defined peer group recommended by Radford, see the sub-section entitled &ldquo;Use of Market Data
and Peer Group Analysis&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Cash Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The following table describes
the annual cash compensation applicable to each role performed by non-employee directors in 2016 as outlined in the Director Compensation
Policy, as amended, effective February 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1px"><U>Non-Employee Director Role</U></TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1px">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Base <BR> Retainer</TD><TD STYLE="padding-bottom: 1px; font-size: 8pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1px">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Additional <BR> Retainer</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 83%; text-align: left">Board member</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">42,500</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Chairman of the Board</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">30,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Audit Committee Chair<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Compensation Committee Chair<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Nominating and Corporate Governance Committee Chair<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">10,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Audit Committee member</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">12,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Compensation Committee member</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">7,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Nominating and Corporate Governance Committee member</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">N/A</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">5,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify">Committee Chair does not also receive additional Committee member compensation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Under the Director Compensation
Policy, as amended, annual non-employee director cash compensation is paid quarterly in arrears in cash, or, at each director&rsquo;s
election, in fully vested shares of our Common Stock issued under the 2011 Incentive Award Plan (the &ldquo;2011 Plan&rdquo;) based
on the closing price of our Common Stock as reported by the NASDAQ Global Select Market on the date retainers would have otherwise
been paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Additionally, under the
Director Compensation Policy, as amended, non-employee directors are eligible to receive equity grants, as more fully described
below under the sub-section entitled &ldquo;Equity Compensation.&rdquo; Non-employee directors also receive reimbursement for out-of-pocket
expenses incurred in connection with attendance at meetings of the Board.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Director Compensation Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The following table provides
compensation information for the fiscal year ended December 31, 2016 (&ldquo;fiscal 2016&rdquo;), for each non-employee member
of the Board who served in such capacity during fiscal 2016. Dr. Scarlett does not receive any compensation for his Board service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B><U>Non-Employee Director</U></B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Fees <BR> Earned
    <BR> or Paid <BR> in Cash&nbsp; <BR> ($)</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Option<BR> Awards<BR> ($)<SUP>(1)</SUP></B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>Total&nbsp;<BR> ($)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 70%; text-align: justify">Bradbury, Daniel</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right">$</TD><TD STYLE="width: 3%; text-align: right">&nbsp;60,000</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right">$</TD><TD STYLE="width: 1%; text-align: right">97,760</TD><TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right">$</TD><TD STYLE="width: 1%; text-align: right">157,760</TD><TD STYLE="width: 3%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Eastham, Karin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;$</TD><TD STYLE="text-align: right">75,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">172,760</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Huh, Hoyoung</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">77,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">175,260</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Lawlis, V. Bryan</TD><TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">62,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">160,260</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Molineaux, Susan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">52,500</FONT></TD><TD STYLE="text-align: left"> <SUP>(2)</SUP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">150,260</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Spiegel, Robert</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">57,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">155,260</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent the aggregate grant date fair value of stock option awards granted during the fiscal year ended December 31, 2016 as calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, or FASB ASC Topic 718. For additional information, refer to Note 8 of the financial statements in our Annual Report on Form 10-K for the year ended December 31, 2016 regarding assumptions underlying the valuation of stock option awards and the calculation method. For information regarding the aggregate number of stock option awards held by the non-employee members of the Board at December 31, 2016, see the sub-section entitled &ldquo;Outstanding Equity Awards at Fiscal Year-End for Non-Employee Directors&rdquo;.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Represents fees paid in stock in lieu of cash through the issuance of an aggregate 21,541 shares of Geron Common Stock under the 2011 Plan.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Equity Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Terms of Awards</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Pursuant to the Director
Compensation Policy, as amended, effective February 2016, each individual who first becomes a non-employee director receives an
initial stock option grant and thereafter each non-employee director is eligible to receive stock option grants on an annual basis.
Non-employee director stock options are granted pursuant to the 2011 Plan, pursuant to the Director Compensation Policy, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>Initial Grant. </I>Each
individual who first becomes a non-employee director, whether by election by Geron&rsquo;s stockholders or by appointment by the
Board to fill a vacancy, automatically will be granted an option to purchase 100,000 shares of Common Stock on the date such individual
first becomes a non-employee director (the &ldquo;Initial Grant&rdquo;). The Initial Grant will vest annually over three years
upon each anniversary of the date of appointment to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>Annual Grant. </I>On
the date of each annual meeting of our stockholders, each non-employee director (other than any director receiving an Initial Grant
on the date of such annual meeting) who is then serving as a non-employee director and who will continue as a non-employee director
following the date of such annual meeting automatically will be granted an option to purchase 50,000 shares of Common Stock (the
&ldquo;Annual Grant&rdquo;). The Annual Grant will vest in full on the earlier of: (i) the date of the next annual meeting of our
stockholders or (ii)&nbsp;the first anniversary of the date of grant, subject to the non-employee director&rsquo;s continuous service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>Exercise Price and Term
of Options. </I>The exercise price of all options granted under the 2011 Plan is equal to the fair market value of a share of our
Common Stock as reported by the NASDAQ Global Select Market on the date of grant of the option. Options granted under the 2011
Plan have a term of ten years from the date of grant, unless terminated earlier.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>Exercise Period Post-Termination.
</I>The options issued pursuant to the 2011 Plan remain exercisable until the earlier of the original expiration date of the option
or 36 months following the optionee&rsquo;s termination of service as our non-employee director.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Effect of Certain Corporate and Termination
Events</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>2011 Plan. </I>As set
forth in each option agreement under the 2011 Plan, the vesting for each Initial Grant and Annual Grant will accelerate in full
in the event of a Change in Control of Geron (as defined in the 2011 Plan and described below under the sub-section entitled &ldquo;Potential
Payments Upon Termination or Change in Control&rdquo;). In addition, in the event a non-employee director experiences a termination
of service as a result of such director&rsquo;s total and permanent disability (as defined in Section 22(e)(3) of the Internal
Revenue Code) or death, the portion of each outstanding option held by such director that would have vested during the 36 months
after the date of such director&rsquo;s termination of service, will automatically vest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>2006 Directors&rsquo;
Plan. </I>Prior to March 2014, equity awards to non-employee directors were granted under the 2006 Directors&rsquo; Stock Option
Plan (the &ldquo;2006 Directors&rsquo; Plan&rdquo;). Under the 2006 Directors&rsquo; Plan, in the event of the dissolution or liquidation
of the Company, a sale of all or substantially all of the assets of the Company, the merger or consolidation of the Company with
or into another corporation in which the Company was not the surviving corporation, or any other capital reorganization in which
more than 50% of the shares of the Company entitled to vote are exchanged, each non-employee director shall have a reasonable time
within which to exercise the option, including any part of the option that would not otherwise be exercisable, prior to the effectiveness
of such dissolution, liquidation, sale, merger or reorganization, at the end of which time the option shall terminate. In addition,
as under the 2011 Plan, in the event a non-employee director experiences a termination of service as a result of such director&rsquo;s
total and permanent disability (as defined in Section 22(e)(3) of the Internal Revenue Code) or death, the portion of each outstanding
option held by such director that would have vested during the 36&nbsp;months after the date of such director&rsquo;s termination
of service, will automatically vest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Option Grants to Non-Employee Directors
in 2016</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The following table sets
forth the following information with respect to non-employee directors (six persons) for the fiscal year ended December 31, 2016:
(i) stock options granted under the 2011 Plan; and (ii) the grant date fair value of stock options granted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold"><U>Non-Employee Director</U></TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Grant<BR> Date</TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Option Awards<BR> Granted<BR> During 2016<BR> (#)</TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Grant Date Fair Value of</B></FONT><BR> <FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Option Awards Granted</B></FONT><BR> <FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>During 2016 ($)<SUP>(1)</SUP></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 51%; text-align: justify">Bradbury, Daniel</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 10pt">5/17/16<SUP>(2)</SUP></FONT></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; text-align: right">50,000</TD><TD STYLE="width: 4%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">$</TD><TD STYLE="width: 2%; text-align: right">97,760</TD><TD STYLE="width: 8%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Eastham, Karin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5/17/16<SUP>(2)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Huh, Hoyoung</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5/17/16<SUP>(2)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Lawlis, V. Bryan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5/17/16<SUP>(2)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Molineaux, Susan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5/17/16<SUP>(2)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Spiegel, Robert</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5/17/16<SUP>(2)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">97,760</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 18pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent the grant date fair value of each stock option granted in 2016 calculated in accordance with FASB ASC Topic 718. For additional information, refer to Note 8 of the financial statements in our Annual Report on Form 10-K for the year ended December 31, 2016 regarding assumptions underlying the valuation of stock option awards and the calculation method.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">Stock option vests on the earlier of: (i) the date of the next annual meeting or (ii) the first anniversary of the date of grant of such option, subject to the non-employee director&rsquo;s continuous service to the Company.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Outstanding Equity Awards at Fiscal Year-End
for Non-Employee Directors</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The following table sets
forth stock options outstanding for each non-employee director as of December 31, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Option Awards Outstanding <BR> as of December 31, 2016</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: justify"><U>Non-Employee Director</U></TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Exercisable (#)</TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Unexercisable (#)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 74%; text-align: justify">Bradbury, Daniel</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; text-align: right">175,000</TD><TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; text-align: right">50,000</TD><TD STYLE="width: 3%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Eastham, Karin</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">250,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Huh, Hoyoung</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">332,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Lawlis, V. Bryan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Molineaux, Susan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Spiegel, Robert</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="d318322a006"></A><B>PROPOSAL 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ADVISORY VOTE TO APPROVE NAMED EXECUTIVE
OFFICER COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">As required by Section 951
of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Section 14A of the Exchange Act, the Board is requesting stockholders
to vote, on a non-binding advisory basis, to approve the compensation paid to Geron&rsquo;s Named Executive Officers, as disclosed
in this Proxy Statement. This proposal, commonly known as a &ldquo;say-on-pay&rdquo; proposal, gives stockholders the opportunity
to express their views on the compensation of Geron&rsquo;s Named Executive Officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">This vote is not intended
to address any specific item of compensation, but rather the overall compensation of our Named Executive Officers and our executive
compensation philosophy, policies and practices described in this Proxy Statement. The overall compensation of our Named Executive
Officers subject to the vote is disclosed in this Proxy Statement in the sections entitled &ldquo;Compensation Discussion and Analysis&rdquo;
and &ldquo;Executive Compensation Tables.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
continually reviews our executive compensation program to determine whether such program achieves our desired goals of aligning
our executive compensation structure with the Company&rsquo;s stockholders&rsquo; interests and current market practices. As discussed
in detail in the section entitled &ldquo;Compensation Discussion and Analysis&rdquo; of this Proxy Statement, Geron&rsquo;s executive
compensation strategy and structure is designed to motivate our management team to create long-term value for our stockholders
through the achievement of strategic business objectives, while effectively managing the risks and challenges inherent in a clinical
stage biotechnology company. As the long-term success of Geron depends on the talents of our employees, the compensation structure
plays a significant role in our ability to attract, retain and motivate the highest quality workforce in a competitive employment
environment in the San Francisco Bay Area while also promoting a high performance culture. The Compensation Committee believes
the emphasis on pay for performance in Geron&rsquo;s executive compensation program strongly aligns with the long-term interests
of our stockholders. Please read the &ldquo;Compensation Discussion and Analysis&rdquo; section of this Proxy Statement for additional
details about our executive compensation program, including information about the 2016 compensation of our Named Executive Officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Advisory Vote and Board Recommendation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We recommend stockholder
approval of the 2016 compensation of our Named Executive Officers as disclosed in this Proxy Statement pursuant to the SEC&rsquo;s
compensation disclosure rules which disclosure includes the section entitled &ldquo;Compensation Discussion and Analysis,&rdquo;
and the compensation tables and accompanying narrative disclosures within the section entitled &ldquo;Executive Compensation Tables&rdquo;
of this Proxy Statement.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Accordingly, the Board recommends
that stockholders vote in favor of the following resolution:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><B>&ldquo;RESOLVED, that the stockholders
approve, on a non-binding advisory basis, the compensation paid to Geron&rsquo;s Named Executive Officers, as disclosed in the
Compensation Discussion and Analysis section, the tabular disclosure regarding such compensation and the accompanying narrative
disclosure set forth in the Proxy Statement relating to the Company&rsquo;s 2017 Annual Meeting of Stockholders.&rdquo;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Approval of the above resolution
requires the affirmative vote of the shares present in person or represented by proxy at this meeting. Abstentions will have the
same effect as a vote against this proposal, and broker non-votes will have no effect on the outcome of this proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">As this is an advisory vote,
the outcome of the vote is non-binding on us with respect to future executive officer compensation decisions, including those related
to our Named Executive Officers, or otherwise. However, the Board and the Compensation Committee will review the results of the
vote and take them into account when considering future executive officer compensation policies and decisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Unless the Board modifies
its policy on the frequency of future advisory votes on the compensation of our named executive officers, including in response
to the outcome of the vote on Proposal 3, the next advisory vote on the compensation of our named executive officers will be held
at next year&rsquo;s annual meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Board of Directors Unanimously Recommends
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>That Stockholders Vote <U>FOR </U>Proposal
2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a007"></A>COMPENSATION DISCUSSION AND ANALYSIS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">This Compensation Discussion
and Analysis section presents and discusses executive compensation policies and practices and the compensation decisions relating
to our &ldquo;Named Executive Officers&rdquo; (as defined below) for the 2016 fiscal year, and includes the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">an executive summary of the business activities which influenced 2016 compensation decisions and important features of our executive compensation program; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">philosophy, objectives and key elements of our executive compensation program; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">process for setting executive compensation, including the role of the Compensation Committee, management and independent compensation consultant; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a detailed discussion and analysis of the Compensation Committee&rsquo;s specific decisions about 2016 compensation for our Named Executive Officers; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a description of other compensation considerations and practices.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In addition to the historical
information contained herein, this Compensation Discussion and Analysis also contains forward-looking statements based on current
plans, considerations, expectations and determinations regarding future compensation decisions. The actual executive compensation
program that we adopt in the future may differ materially from the current executive compensation program summarized in this discussion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify">The following executive officers are collectively
referred to herein as our Named Executive Officers:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Dr. John A. Scarlett, President and Chief Executive Officer;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Ms. Olivia K. Bloom, Executive Vice President, Finance, Chief Financial Officer and Treasurer;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Ms. Melissa A. Kelly Behrs, Executive Vice President, Business Development and Portfolio &amp; Alliance Management;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Dr. Andrew J. Grethlein, Executive Vice President, Development and Technical Operations; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Stephen N. Rosenfield, Executive Vice President, General Counsel and Corporate Secretary.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Executive Summary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Business Highlights that Impacted 2016
Compensation Decisions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In 2016, executive compensation
decisions continued to be influenced by retention challenges stemming from the significant uncertainty relating to our future operations,
given that we are wholly dependent on our collaboration with Janssen Biotech, Inc. (&ldquo;Janssen&rdquo;) to further develop,
manufacture and commercialize imetelstat, which was our sole product candidate, and the unknown outcome of our efforts to identify
and acquire and/ or in-license other oncology products, product candidates, programs or companies to grow and diversify our business.
In addition, the marketplace for qualified executive officers with broad experience in a small company environment remained highly
competitive in the San Francisco Bay Area due to the strong economic growth for both technology and biopharmaceutical businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Our corporate goals for
2016 primarily focused on active management of our collaboration with Janssen for the continued clinical development of imetelstat,
strategic assessment of business opportunities, including searching and evaluating potential assets or companies for us to acquire
and/or in-license, and maintenance of fiscal responsibility. The Compensation Committee and the independent members of the Board,
or the Independent Board, evaluated our key achievements in 2016 and determined that we fully achieved our 2016 corporate goals.
The Compensation Committee and the Independent Board also determined that our Named Executive Officers, including our Chief Executive
Officer, made crucial contributions towards accomplishment of these corporate goals, as well as successfully leading individual,
team, departmental and functional performance and achievements. For details regarding our achievement of corporate goals in 2016,
see the sub-section entitled &ldquo;Compensation Discussion and Analysis &ndash; 2016 Corporate Goal Achievement Factor&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Important Features of Our Executive Compensation
Program</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
has structured our executive compensation program to ensure that our Named Executive Officers are compensated in a manner consistent
with stockholder interests, competitive pay practices and applicable requirements of regulatory bodies. The following are important
features of the design and operation of our executive compensation program:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Emphasis on Pay for Performance. </I>A significant portion of our Named Executive Officers&rsquo; total compensation is variable, at risk and tied directly to our measurable performance. For 2016, annual performance-based incentive bonus and equity awards for our Chief Executive Officer, Dr. Scarlett, were at risk and dependent on company performance, which represented approximately 68% of his total compensation as reported in the &ldquo;Summary Compensation Table&rdquo;, and Dr. Scarlett&rsquo;s annual incentive bonus was entirely dependent upon the achievement of our annual corporate goals. None of our Named Executive Officers, including our Chief Executive Officer, are entitled to guaranteed or minimum bonuses under our annual incentive bonus plan. In addition, none of the employment agreements with our Named Executive Officers contain multi-year guarantees for salary increases, or non-performance based guaranteed bonuses or equity compensation.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Long Term Incentive Awards. </I>Long-term incentive awards for 2016 consisted solely of stock options, which provide value only if the market price of our Common Stock increases, and then only if the executive officer continues in our employment.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Responsible Internal Pay Equity. </I>For 2016, the total cash compensation for our Chief Executive Officer, Dr. Scarlett, was less than two and one-half times the average total cash compensation of our other Named Executive Officers, which reflects internal fairness and an important element designed to avoid excessive compensation of the Chief Executive Officer.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Clawback Terms. </I>Our executive officer employment agreements require that an executive officer forfeit his/her entire annual incentive bonus if we determine that such executive officer has engaged in any misconduct intended to affect the payment of his or her annual incentive bonus, or has otherwise engaged in any act or omission that would constitute cause for termination of his/her employment, as defined by his/her employment agreement.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>No Tax Gross-Ups on Compensation. </I>None of our Named Executive Officers receive tax related gross-ups on any element of compensation.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>No Defined Retirement Benefits. </I>We do not offer any defined benefit pension plans or health benefits during retirement.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Limited Personal Benefits. </I>Our Named Executive Officers are eligible for the same benefits as non-executive, salaried employees, and do not receive any personal benefits, other than reimbursements for housing costs and travel expenses for our Chief Executive Officer, Dr. Scarlett, for the commute from his principal residence in Texas to our headquarters in Menlo Park, California.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>No Hedging or Pledging. </I>Our Insider Trading Policy prohibits employees from engaging in speculative trading activities, including hedging or pledging company securities as collateral. Accordingly, our employees, including our Named Executive Officers, may not hedge the economic risk of, or pledge ownership of, our Common Stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Prohibition on Option Repricing. </I>Our equity plans do not permit repricing underwater stock options without stockholder approval.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Objective Compensation Program Oversight. </I>Our executive compensation program is administered by the Compensation Committee which is comprised entirely of independent non-employee directors.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Independent Compensation Consultant Advice. </I>The Compensation Committee engages, on an annual basis, an experienced, independent compensation consultant who reports directly to the Compensation Committee to advise on cash and equity executive compensation matters.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>Compensation Risk Management. </I>The Compensation Committee annually reviews our executive compensation program to ensure the design avoids inappropriate risk taking by our Named Executive Officers.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Effect of Stockholder Advisory Vote on
Executive Compensation</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">At our 2016 Annual Meeting
of Stockholders, we sought an advisory vote from our stockholders regarding the compensation of our named executive officers. The
2016 &ldquo;say-on-pay&rdquo; proposal was approved, with approximately 80.8% of votes cast supporting the proposal. The Compensation
Committee considered the outcome of the 2016 advisory vote as it completed its annual review of each pay element and the compensation
packages provided to our Named Executive Officers and did not make any changes to Geron&rsquo;s executive compensation program
for 2016 as a result of the vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Our Executive Compensation Program</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Philosophy and Objectives</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We believe that the leadership
of our current management team has been essential to our success. As a testament to the high demand in the marketplace for human
resources in the San Francisco Bay Area, large pharmaceutical and biopharmaceutical companies and strong local competitors have
aggressively recruited our Named Executive Officers and other skilled employees. In addition, our industry being highly scientific,
clinical, regulated and dynamic requires a management team that is exceptionally educated, dedicated and experienced. In light
of these circumstances, our executive compensation program serves to help attract, motivate and retain our Named Executive Officers
to manage the varied aspects of our evolving business to create long-term stockholder value, while recognizing the importance of
linking rewards to performance and aligning the interests of stockholders and executive officers, in a competitive market for talented
executive officers where the volatility of our business may result in highly variable compensation during any given period. We
also believe, the work of the Named Executive Officers toward accomplishment of our corporate goals is highly collaborative and
team-oriented, requiring each Named Executive Officer to perform duties and responsibilities outside those of his or her job title
as it is commonly understood in the industry. In light of the highly collaborative teamwork of the Named Executive Officers and
the need for retention, the Compensation Committee has therefore determined that internal pay equity among the executive team is
a key factor in compensation decisions.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify">Our executive compensation program has the
following objectives:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">pay appropriate cash and equity compensation to executive officers for retention purposes during periods of significant uncertainty; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">attract and retain experienced executive officers that can lead capably, to enable a high performance-oriented culture by incentivizing them with competitive cash and non-cash compensation opportunities while allowing the Company to maintain a fiscally responsible position; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">foster pay for performance philosophy by rewarding executive officers for excellence in performance based on the level of achievement of individual and corporate goals that support key corporate strategic and financial objectives; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">align the interests of executive officers with stockholders by motivating executive officers to focus on achievements that will drive long-term stockholder value.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Components</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The components of our executive
compensation program consist primarily of elements that are available to all employees, including base salary, annual incentive
bonuses, equity awards and broad-based benefits. To help retain and motivate our Named Executive Officers, we target total compensation
that is competitive with the San Francisco Bay Area employment market through the utilization of a mix of cash (base salaries and
annual incentive bonuses) and long-term incentives (equity awards). &ldquo;Total compensation&rdquo; referred to in this Compensation
Discussion and Analysis consists of annual base salary, annual incentive bonus and the grant date fair value of equity awards as
reported in the sub-section entitled &ldquo;Summary Compensation Table&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In keeping with our pay
for performance philosophy, we structure our executive compensation program such that a significant portion of the total compensation
for our Named Executive Officers (through performance-based annual incentive bonuses and equity award grants) is variable, at risk
and tied directly to the measurable performance of the Company and, as applicable, the individual Named Executive Officer. For
example, the annual incentive bonus for our Chief Executive Officer, Dr. Scarlett, is entirely contingent upon the level of achievement
of our corporate goals, which are approved at the beginning of the year by our Board. The annual incentive bonus for our other
Named Executive Officers is contingent upon the level of achievement of our corporate goals, as well as each executive officer&rsquo;s
level of achievement of his/her respective individual goals and demonstration of our corporate values.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Base Salary (Fixed Cash Compensation)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Base salaries provide financial
stability and security through a fixed amount of cash for performing daily responsibilities. Generally, any increase in base salary
beyond a cost of living increase indicates that an individual&rsquo;s salary is less than the referenced market data range of the
50<SUP>th </SUP>to 75<SUP>th </SUP>percentile, or, as applicable, reflects changes in responsibilities or position, recognizes
the individual&rsquo;s performance during the past year and acknowledges the individual&rsquo;s criticality to our future plans.
Increases in base salary typically are effective as of January 1st of each calendar year. For further discussion of the evaluation
of individual Named Executive Officer base salaries, see the sub-section entitled &ldquo;2016 Base Salaries&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Annual Incentive Bonuses (At-Risk Cash Compensation)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Annual incentive bonuses
provide motivation and reward for attaining rigorous annual company-wide and individual performance goals. Under our annual incentive
bonus plan, every employee, including each Named Executive Officer, has an established annual incentive bonus target, which is
equal to a percentage of the employee&rsquo;s base salary. This percentage increases as levels of responsibility and title increase.
Each employee&rsquo;s actual earned annual incentive bonus, if any, is predicated on the: (1) level of achievement of corporate
goals (the &ldquo;corporate goal achievement factor&rdquo;), (2) level of achievement of individual goals (the &ldquo;individual
performance factor&rdquo;) and (3) level of display of corporate values (the &ldquo;corporate values performance factor&rdquo;).
Our corporate values are authenticity, accountability, excellence, integrity and respect.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">For more senior employees
and our Named Executive Officers, the corporate goal achievement factor is weighted more heavily and thus has greater influence
on the earnable amount of an annual incentive bonus, as performance from these individuals has a larger impact on corporate goal
achievements. This practice is designed to create a direct link between executive compensation and achievement of company-wide
operational and financial objectives to provide motivation for our Named Executive Officers to implement strategic initiatives
intended to meet or exceed pre-established corporate goals. None of our Named Executive Officers, including our Chief Executive
Officer, are entitled to guaranteed or minimum bonuses under our annual incentive bonus plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Calculation of annual incentive
bonuses for all employees, including our Named Executive Officers, generally occurs at the beginning of each calendar year based
on performance of the prior year. Payment of annual incentive bonuses typically occurs in the first quarter of the calendar year.
For further discussion of the annual performance review process and calculation of individual Named Executive Officer annual incentive
bonuses, see the sub-section entitled &ldquo;2016 Annual Incentive Bonuses&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Long-Term Incentives (At-Risk Equity Compensation)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Long-term incentives (equity
awards) are designed to motivate and reward long-term Company performance; align executive officers&rsquo; interests with stockholder
interests; encourage employee ownership in Geron and promote retention. We primarily use stock option grants that are subject to
monthly time-based vesting over four years under our 2011 Plan as equity awards. The Compensation Committee believes that the use
of stock option grants:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&nbsp;&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">strongly aligns the interests of our executive officers with those of our stockholders by placing a considerable proportion of our executive officers&rsquo; total compensation &ldquo;at risk&rdquo; because it is contingent on the appreciation in value of our Common Stock; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">ties their compensation to the achievement of specific and objective corporate goals that maximize long-term value; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">keeps the executive officers&rsquo; total compensation opportunity competitive; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">encourages our executive officers to remain in the long-term employ of our Company.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">While we have not adopted
formal stock ownership or holding guidelines, our Named Executive Officers generally have held a substantial portion of the equity
awards they have received, even long after the awards have vested, which helps to maintain the alignment between the interests
of our Named Executive Officers and those of our stockholders over the longer term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Broad-Based Benefits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Geron offers a comprehensive
array of benefits to its employees, including our Named Executive Officers. These include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">comprehensive medical, dental, vision coverage and life insurance; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a &ldquo;cafeteria&rdquo; plan administered pursuant to Section 125 of the Internal Revenue Code, which includes Geron&rsquo;s medical and dental insurance, medical reimbursement, and dependent care reimbursement plans; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a 401(k) plan, which is a retirement savings defined contribution plan established in accordance with Section 401(a) of the Internal Revenue Code (for 2016, we provided a fully vested employer matching contribution in cash equal to 50% of each employee&rsquo;s annual contributions); and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">an Employee Stock Purchase Plan, which is implemented and administered pursuant to Section 423 of the Internal Revenue Code.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Executive officers pay for
30% of their health premium cost, which is deducted from their gross salary. Other employees pay either 16% or 25% of their health
premium cost. We do not offer any defined benefit pension plans or health benefits during retirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Process for Setting Executive Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Role of the Compensation Committee</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Appointed by our Board,
Compensation Committee members are independent of management and meet the NASDAQ listing standards for independence. The Compensation
Committee acts on behalf of the Board to oversee the compensation policies and practices applicable to all our employees, including
the administration of our equity plans and employee benefit plans. Typically, the Compensation Committee meets at least once quarterly
and with greater frequency if necessary. The agenda for each meeting is usually developed by the Chair of the Compensation Committee,
in consultation with the Chief Executive Officer, Executive Director of Human Resources, General Counsel and the independent compensation
consultant, Radford. The Compensation Committee also meets in executive session without the presence of any employees. Historically,
the Compensation Committee makes decisions related to executive compensation after conducting multiple meetings during the fourth
quarter of the calendar year and the first quarter of the ensuing year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Setting Base Salaries</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
(or the Independent Board based on recommendation from the Compensation Committee, with respect to the Chief Executive Officer)
sets base salaries for our Named Executive Officers when they join our Company or upon promotion. In addition, at the beginning
of each calendar year, the Compensation Committee reviews and determines base salaries for our Named Executive Officers (or the
Independent Board with respect to our Chief Executive Officer, upon recommendation from the Compensation Committee), in consultation
with Radford. The Compensation Committee (or the Independent Board with respect to our Chief Executive Officer, upon recommendation
from the Compensation Committee) considers various factors in determining whether any annual salary adjustments are necessary.
These factors typically include an evaluation of each executive officer&rsquo;s position and specific responsibilities, individual
performance, level of experience and criticality to our future plans, achievement of corporate and strategic goals, an analysis
of compensation among other executive officers to maintain internal pay equity, and a review of competitive salary information,
total compensation market data, and cost of living increases in the San Francisco Bay Area. The Compensation Committee does not
apply any specific formulas in determining increases in base salaries for our Named Executive Officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Assessing Annual Corporate Performance</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">At the beginning of each
calendar year, the Chief Executive Officer develops, with input from other Named Executive Officers, our corporate goals, which
generally relate to our operational and financial objectives, together with recommended weightings for each goal, and presents
the corporate goals and recommended weightings to the Compensation Committee and the Independent Board. The weighting for each
corporate goal depends on its importance and business value for Geron and our stockholders. The Board reviews the corporate goals
and weightings and modifies them as necessary prior to approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">During the first quarter
of the year, as part of the annual year-end performance review process, the Compensation Committee, taking into consideration recommendations
from the Chief Executive Officer, evaluates our achievement of the corporate goals for the preceding year. The Compensation Committee
does not use a rigid formula to determine the Company&rsquo;s level of achievement, and to date, has not established a minimum
threshold or maximum value that may be potentially realized under the annual incentive bonus program. Instead, the Compensation
Committee exercises both negative and positive discretion in evaluating the Company&rsquo;s level of achievement, including considering
the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the degree of success achieved for each corporate goal; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the degree of difficulty in achieving the corporate goal; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">whether significant unforeseen obstacles or favorable circumstances altered the expected difficulty of achieving the desired results; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">other conditions that may have made the stated goal more or less important to our success; and</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any other significant company accomplishments not included in the formal goals, but nonetheless deemed important to our near- and long-term success.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation
Committee reviews, and thereafter recommends to the Board, both the establishment and assessment of achievement of annual
corporate goals for the annual incentive bonus plan. With respect to the assessment of achievement of annual corporate
goals, the Board considers the recommendations of the Compensation Committee and may accept or modify such recommendations
before approval. To aid the Compensation Committee in its responsibilities, the Chief Executive Officer, with assistance from
the General Counsel and Executive Director of Human Resources, provides the Compensation Committee with recommendations
relating to the achievement of our annual corporate goals, individual performance of executive officers and cash and equity
compensation recommendations for each executive officer. The corporate goal achievement factor generally ranges from 0 to 1.0
and is approved by the Board upon recommendation from the Compensation Committee based upon the Board&rsquo;s assessment of
the Company&rsquo;s achievement of that year&rsquo;s annual corporate goals. The Board has the discretion to&nbsp;approve a
corporate goal achievement factor above 1.0 in extraordinary circumstances where it determines such an increase is
warranted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Determining Equity Grants</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
(and the Independent Board, with respect to our Chief Executive Officer, based on recommendations from the Compensation Committee)
determines the size of any stock option grant according to each executive officer&rsquo;s position. To do so, the Compensation
Committee considers numerous factors&nbsp;and has the discretion to give relative weight to each of these factors as it sets the
size of the stock option grant to appropriately create an opportunity for reward based on increasing stockholder value. There is
no set formula for the granting of stock options or other equity awards to employees, including our Named Executive Officers. For
further discussion of the process in determining stock option grants to our Named Executive Officers in 2016, see the sub-section
entitled &ldquo;2016 Equity Awards&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I><U>Equity Grant Practices</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Our general policy is to
grant stock options and other equity awards on fixed dates determined in advance. All required approvals are obtained in advance
of or on the actual grant date. The exercise price of all stock option grants, including to executive officers, is equal to the
closing price of Geron Common Stock as reported by the NASDAQ Global Select Market on the date of grant. Geron&rsquo;s standard
vesting schedule for the first stock option grant awarded to newly hired employees, including executive officers, provides that
12.5% of the shares granted will vest six months after the date of the grant, and the remaining shares will vest in equal monthly
installments over the following 42 months so that vesting is complete four years from the date of grant, provided the employee
continues to provide services to the Company during that time. Additional option grants made after an employee, including an executive
officer, has provided services to the Company for more than six months generally vest monthly from the date of grant over four
years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
grants equity awards to newly hired and existing executive officers, except the Chief Executive Officer, with respect to whom the
Independent Board determines equity awards based on the recommendation of the Compensation Committee. Other than stock option grants
to new hires, stock option grants to all employees, including executive officers, are generally approved once a year (typically
near the beginning of the year) unless an executive officer is promoted, in which case a grant will normally be made at the time
of such promotion, or, in rare circumstances, for recognition of outstanding performance. We recognize that a release of information
in close proximity to an equity award grant may appear to be an effort to time the announcement to a grantee&rsquo;s benefit (even
if no such benefit was intended). Accordingly, we have a policy whereby if the Compensation Committee (or the Independent Board,
in the case of the Chief Executive Officer) approves annual equity awards to our executive officers (and other employees) when
our trading window is closed, then such annual equity awards will be granted on the second trading day following our trading window
re-opening. This policy is intended to allow the market to absorb the undisclosed financial and other information that resulted
in the closure of the trading window, so the market price of our common stock reflects our then-current results and prospects at
the time the annual equity award is granted and the exercise price is set. As a result, the timing of annual equity awards to our
continuing executive officers is not coordinated in a manner that intentionally benefits our executive officers.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Allocating Amongst Compensation Components</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
does not have any formal policies for allocating total compensation among the various components of the executive compensation
program. Instead, the Compensation Committee uses its judgment to establish a mix of current, short-term and long-term incentive
compensation, and cash and equity compensation for each Named Executive Officer. In setting the annual level of total compensation
for our Named Executive Officers, the Compensation Committee considers various factors, which typically include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">corporate performance; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">our achievement toward meeting our corporate goals; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">internal compensation equity among Named Executive Officers; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">each executive officer&rsquo;s individual performance; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">the criticality of each executive officer&rsquo;s skill set, and the need to retain such skills; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">executive officer stock ownership information; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">analyses of historical executive officer compensation levels and current company-wide compensation levels; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">market data and trends for executive compensation for our industry.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Each of these factors is
balanced against Geron&rsquo;s financial resources and ability to award cash and equity incentives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Role of Management</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">To aid the Compensation
Committee in its responsibilities, during the first quarter, the Chief Executive Officer, with assistance from the General Counsel
and Executive Director of Human Resources, provides the Compensation Committee with recommendations relating to the level of achievement
of our corporate goals. In addition, the Chief Executive Officer presents to the Compensation Committee written assessments of
the performance and achievements, including support of our corporate values, for each of the Named Executive Officers (other than
himself) for the prior year and recommends the individual performance factor and the corporate values performance factor for each
executive officer (other than himself). The Compensation Committee gives considerable weight to the Chief Executive Officer&rsquo;s
performance evaluations of the other Named Executive Officers since he has direct knowledge of the criticality of their work, performance
and contributions. The Compensation Committee does not consult with any other executive officer with regard to its decisions. The
Compensation Committee reviews the individual performance factor and the corporate values performance factor for each of the Named
Executive Officers (other than the Chief Executive Officer) and adjusts the factors as necessary prior to approval. The Chief Executive
Officer does not participate in the Compensation Committee&rsquo;s or Board&rsquo;s deliberations or decisions with regard to his
own compensation, which is approved by the Independent Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Role of Independent Compensation Consultant</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
actively reviews and assesses our executive compensation program in light of the highly competitive employment environment in the
San Francisco Bay Area, the challenges of recruiting, motivating and retaining our Named Executive Officers in an industry with
much longer business cycles than other commercial industries, and evolving compensation governance and best practices. To assist
with this assessment, the Compensation Committee has the authority to retain special counsel and other experts, including compensation
consultants, to support their responsibilities in determining executive officer compensation and related benefits. Since December
2011, the Compensation Committee has retained Radford as its independent compensation consultant due to its extensive analytical
and consulting work in the biotech/pharmaceutical industry. In this capacity, Radford has provided documentary support, including
industry data from third-party salary survey sources, related to cash and equity compensation for executive officers and non-employee
members of the Board. The Company pays for the costs of Radford&rsquo;s services. However, the Compensation Committee has the authority
to engage and terminate Radford&rsquo;s services. Although Radford makes recommendations to the Compensation Committee, it has
no authority to make compensation decisions on behalf of the Compensation Committee or the Company. The Compensation Committee,
at its discretion, also communicates and meets separately with Radford.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In February 2016, the Compensation
Committee reviewed information from Radford about potential conflicts of interest and analyzed whether the work of Radford as a
compensation consultant raised any conflict of interest, taking into consideration the following six factors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the provision of other services to Geron by Radford or any other Aon Hewitt Company; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the amount of fees Geron paid to Radford or any other Aon Hewitt Company as a percentage of the firm&rsquo;s total revenue; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Radford&rsquo;s policies and procedures that are designed to prevent conflicts of interest; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any business or personal relationship of Radford, any other Aon Hewitt Company or the individual compensation advisors employed by Radford with an executive officer of the Company; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">(v)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any business or personal relationship of the individual compensation advisors with any member of the Compensation Committee; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">(vi)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any Geron Common Stock owned by the individual compensation advisors employed by Radford.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Based on these factors,
the Compensation Committee determined that there were no conflicts of interest with respect to the provision of services by Radford
to the Compensation Committee. In 2016, fees paid to Radford for their services as a compensation consultant to the Compensation
Committee amounted to less than 1.0% of Radford&rsquo;s total revenue for the same period and were less than $120,000. In February
2017, the Compensation Committee performed a similar analysis of Radford&rsquo;s independence, and determined that there were no
conflicts of interest with respect to the provision of services by Radford to the Compensation Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">For 2016, Radford provided
the following services to the Compensation Committee:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">reviewed emerging trends and topics regarding executive and non-employee director compensation; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">recommended the composition of companies for a defined peer group to reference in determining executive and non-employee director compensation; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">provided compensation data and practices related to executive officers and non-employee directors for the defined peer group based on data from SEC filings and Radford&rsquo;s Life Sciences Survey; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">conducted a competitive review of the compensation of our Named Executive Officers and non-employee directors, including advising on the design and structure of our equity awards; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">prepared an analysis of share usage under our equity incentive plan in comparison to the defined peer group based on data from SEC filings.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Use of Market Data and Peer Group Analysis</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">When considering executive
compensation decisions, the Compensation Committee believes it is important to be informed as to current compensation practices
of comparable publicly-held companies in the life sciences industry, especially to understand the demand and competitiveness for
attracting and retaining an individual with each Named Executive Officer&rsquo;s specific expertise and experience. While referencing
the peer group compensation levels is helpful in determining market-competitive compensation for our Named Executive Officers,
it is only one component in determining executive officer compensation and the Compensation Committee has discretion in determining
the nature and extent of its use.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In December 2015, based
on the recommendation of Radford, the Compensation Committee determined that a defined peer group was appropriate to reference
in connection with making 2016 executive officer compensation decisions. With the assistance of Radford, the Compensation Committee
considered several factors in determining the list of companies to be included in the defined peer group for 2016 executive compensation
decisions, including stage of development, market capitalization, number of employees, public status and length of time being public,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">primary location of operations and level of
research and development expenditures and revenue. The following companies were identified by the Compensation Committee as the
defined peer group for 2016 executive compensation decisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 37%; text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-top: Black 1px solid"><FONT STYLE="font-size: 10pt">Achillion Pharmaceuticals</FONT></TD>
    <TD STYLE="width: 35%; text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-top: Black 1px solid"><FONT STYLE="font-size: 10pt">Infinity Pharmaceuticals</FONT></TD>
    <TD STYLE="width: 28%; text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border: Black 1px solid"><FONT STYLE="font-size: 10pt">Rigel Pharmaceuticals, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Array BioPharma Inc.</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Insmed Incorporated</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">Sangamo Biosciences, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Celldex Therapeutics, Inc.</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Mirati Therapeutics</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">TG Therapeutics, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Cytokinetics, Incorporated</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">New Link Genetics Corporation</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">Threshold Pharmaceuticals</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Dynavax Technologies Corporation</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">Raptor Pharmaceuticals</FONT></TD>
    <TD STYLE="text-align: justify; padding-top: 3pt; padding-bottom: 3pt; padding-left: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">Xenoport</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In December 2015, these
peer group companies had a 30-day average median market capitalization of $615.0&nbsp;million and a median number of 123 employees
based on their most recent annual reports, compared to our 30-day average market capitalization of $680.4 million and 42 employees.
The market data supplied by Radford for the defined peer group provides information on the total compensation paid to executive
officers in comparable positions and responsibilities. The Compensation Committee believes referencing Radford&rsquo;s market data,
along with other factors, is important when setting total compensation (base salary, annual incentive bonus and equity awards value)
for our Named Executive Officers in 2016 because competition for executive management is intense in our industry and in our geographic
area, and continued leadership from our Named Executive Officers is deemed critical to our success.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Compensation Decisions in 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>2016 Base Salaries</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
believes base salaries should be consistent with the base salaries provided by companies in our defined peer group. In the first
quarter of 2016, the Compensation Committee performed its annual analysis of base salaries for all of our Named Executive Officers
using the defined peer group market data provided by Radford. The market data analysis showed that at the end of 2015, the base
salary of two of our Named Executive Officers was between the 50<SUP>th </SUP>to the 75<SUP>th </SUP>percentile, and the base salary
of the remaining three of our Named Executive Officers was above the 75<SUP>th </SUP>percentile, of the market data provided by
Radford. In addition to the market data analysis, the Compensation Committee considered a number of other factors, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">the individual performance of each Named Executive Officer in 2015; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">internal pay equity among the Named Executive Officers; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">tenure, experience, skills and responsibilities of each Named Executive Officer; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">managerial leadership exhibited by each Named Executive Officer; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">expected cost of living increases in the San Francisco Bay Area; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">overall Company performance; and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&bull;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">the anticipated level of difficulty in replacing an executive officer with someone of comparable experience and skill, especially given significant uncertainty relating to our future operations.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Upon consideration of all
these factors, the Compensation Committee determined that the Named Executive Officers were competitively compensated and did not
require any market adjustments to fall within the referenced base salary range of the market data provided by Radford. The Compensation
Committee also concluded, with respect to each Named Executive Officer whose base salary was at or above the 75<SUP>th </SUP>percentile
of the market data provided by Radford, that such base salary appropriately reflected the broad responsibilities of each Named
Executive Officer and the level of difficulty required to achieve the individual and corporate goals for 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Given the collaborative
team-oriented effort and broad job responsibilities of our Named Executive Officers, and therefore the desire for equitable compensation
among the executive team, and based on guidance provided by Radford as to an appropriate cost of living adjustment, the Compensation
Committee and, with respect to Dr.&nbsp;Scarlett, the Independent Board, approved a cost of living base salary adjustment of 3%
for each of our</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Named Executive Officers for 2016. In reaching
this decision, the Compensation Committee did not apply any formula to the factors considered, but rather employed a holistic analysis
to conclude that under the circumstances, a cost of living base salary adjustment of 3% was reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The following 2016 base
salaries for our Named Executive Officers were effective as of January 1, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: left"><U>Named Executive Officer</U></TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>2015</B> <BR> <B>Base</B></FONT> <FONT STYLE="font-size: 8pt"><B>Salary</B></FONT></TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Salary<BR> Increase (%)</TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 8pt"><B>2016</B></FONT><BR> <FONT STYLE="font-size: 8pt"><B>Base Salary</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 61%; text-align: justify">John A. Scarlett, M.D.</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">$</TD><TD STYLE="width: 2%; text-align: right">604,095</TD><TD STYLE="width: 4%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">3%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">$</TD><TD STYLE="width: 2%; text-align: right">622,200</TD><TD STYLE="width: 4%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">375,950</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">3%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">387,200</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Melissa A. Kelly Behrs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">362,560</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">3%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">373,400</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">390,370</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">3%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">402,100</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Stephen N. Rosenfield, J.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">401,700 </FONT></TD><TD STYLE="text-align: left"><SUP>(1)</SUP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">3%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">413,750 </FONT></TD><TD STYLE="text-align: left"><SUP>(1)</SUP>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify">We employ Mr. Rosenfield at 80% full-time equivalent. Thus, the actual base salary paid to Mr. Rosenfield is 80% of the amounts
presented in the table.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>2016 Annual Incentive Bonuses</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Named Executive Officers&rsquo; 2016 annual incentive bonus targets,
as a percentage of base salary, as shown in the table below, remained at the same historical levels that we have applied since
2010. The defined peer group market data provided by Radford showed the annual incentive bonus targets for each of our Named Executive
Officers in 2016 were above the 75<SUP>th </SUP>percentile, except for the CEO whose bonus target fell between the 50<SUP>th </SUP>and
75<SUP>th </SUP>percentile of the defined peer group data provided by Radford. The Compensation Committee determined that these
2016 targets were appropriate in light of the functions for which our Named Executive Officers were accountable to ensure achievement
of our 2016 corporate objectives, and strengthened our ability to retain our Named Executive Officers in a competitive job market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The table below summarizes
the annual incentive bonus targets as a percentage of annual salary for each of our Named Executive Officers for 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold"><U>Named Executive Officer</U></TD><TD STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1px solid">Annual Incentive Bonus <BR> Target as a % of Salary</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 78%; text-align: justify">John A. Scarlett, M.D.</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: center">60%</TD><TD STYLE="width: 7%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">45%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Melissa A. Kelly Behrs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">45%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">45%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: justify">Stephen N. Rosenfield, J.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">45%</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In keeping with of our pay
for performance philosophy, the earnable amount of an annual incentive bonus for each Named Executive Officer is variable and at
risk due to its dependency on the performance of the individual and the overall Company. Consistent with prior years, for 2016,
other than Dr.&nbsp;Scarlett, each Named Executive Officer&rsquo;s annual incentive bonus was contingent on the following: 50%
upon the level of achievement of our corporate goals, 30% upon the level of achievement of individual goals, and 20% upon individual
support and manifestation of our corporate values. For Dr.&nbsp;Scarlett, his annual incentive bonus was 100% contingent upon the
level of achievement of our corporate goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>2016 Corporate Goal Achievement Factor</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The table below summarizes
the corporate goals approved by the Board for 2016, including assigned weightings, and the Compensation Committee&rsquo;s and Independent
Board&rsquo;s assessment of the level of achievement of those goals for 2016. The corporate goals for 2016 primarily focused on
active management of our collaboration with Janssen for the continued clinical development of imetelstat, strategically assessing
business opportunities depending on the status of imetelstat, including searching for and evaluating potential assets or companies
for us to acquire and/or in-license, and maintaining fiscal responsibility. Based on the achievements noted below, the Independent
Board deemed these corporate goals to be 100% achieved for 2016.</P>


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    <TD STYLE="text-align: left; width: 36%; font-size: 8pt; border-bottom: Black 1px solid; border-left: Black 1px solid; border-top: Black 1px solid; padding-top: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>2016 Corporate Goals</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; font-size: 8pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; border-top: Black 1px solid; padding-top: 3pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Weighting</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(A)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 34%; font-size: 8pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-top: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Highlights of</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Company Performance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; font-size: 8pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-top: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Percentage</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Achievement</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(B)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; font-size: 8pt; text-align: center; border: Black 1px solid; padding: 3pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Total</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(A x B)</B></FONT></TD></TR>
<TR STYLE="background-color: #cceeff">
    <TD STYLE="vertical-align: top; padding-left: 21pt; text-indent: -18pt; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-top: 3pt; padding-right: 3pt"><FONT STYLE="font-size: 10pt">1)&nbsp;&nbsp;&nbsp;&nbsp;Actively engage Janssen in program oversight and joint decision making.</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-top: 3pt"><FONT STYLE="font-size: 10pt">30%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Actively participated in
        numerous steering committee and working group meetings monitoring all aspects of imetelstat development program, including clinical
        operations, regulatory interactions, manufacturing activities, preclinical research, medical affairs, commercial planning, external
        communications, intellectual property protection and financial reporting.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepared for and attended
        regulatory meetings with Janssen related to imetelstat.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reviewed and approved multiple
        publication requests from Janssen and other authors.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reviewed and approved protocol
        amendments for the IMbark and IMerge clinical trials of imetelstat.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ensured ongoing intellectual
        property protection for imetelstat.</P></TD>
    <TD STYLE="vertical-align: top; padding: 3pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">30%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding-left: 21pt; text-indent: -18pt; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-top: 3pt; padding-right: 3pt"><FONT STYLE="font-size: 10pt">2)&nbsp;&nbsp;&nbsp;&nbsp;Achieve interim data review and continued development of imetelstat in myelofibrosis (MF) by Janssen.</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-top: 3pt"><FONT STYLE="font-size: 10pt">10%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conducted collaborative analysis
        and review with Janssen of safety, efficacy and pharmacokinetic data from 20 patients from each dosing arm who had been followed
        on the trial for at least 12 weeks from the IMbark trial.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proposed additional data
        analyses, which were performed by Janssen, to investigate potential correlations between dosing and responses.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agreed to recommendations
        by Janssen related to dosing arms, including enrollment suspension to allow for collection of longer follow up data from patients
        already enrolled in the trial.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agreed
        to timing of second internal data review to occur in the second quarter of 2017.</P></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">10%</FONT></TD></TR>
</TABLE>

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    <TD STYLE="vertical-align: bottom; width: 36%; font-size: 8pt; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-top: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>2016 Corporate Goals</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; font-size: 8pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-top: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Weighting</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(A)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 34%; font-size: 8pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-top: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Highlights of</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Company Performance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; font-size: 8pt; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-top: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Percentage</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Achievement</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(B)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; font-size: 8pt; text-align: center; border: Black 1px solid; padding: 3pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Total</B></FONT><BR>
<FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(A x B)</B></FONT></TD></TR>
<TR STYLE="background-color: #cceeff">
    <TD STYLE="vertical-align: top; padding: 3pt 3pt 3pt 21pt; text-indent: -18pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">3)&nbsp;&nbsp;&nbsp;&nbsp;Achieve interim data review and continued development of imetelstat in myelodysplastic syndromes (MDS) by Janssen.</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">10%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conducted collaborative analysis
        and review with Janssen of safety, efficacy and pharmacokinetic data from a subset of patients from Part 1 of the IMerge trial.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agreed to recommendations
        by Janssen to allow for collection of longer follow up data from all patients in Part 1 of the trial.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agreed
        to timing of second internal data review to occur in the second quarter of 2017.</P></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">10%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 3pt 3pt 3pt 21pt; text-indent: -18pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">4)&nbsp;&nbsp;&nbsp;&nbsp;Conduct due diligence review of appropriate companies for acquisition.</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">15%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conducted initial triage
        and screened a significant number of potential acquisition opportunities.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Completed preliminary assessment
        of a significant number of potential acquisition opportunities, resulting in deeper scientific, clinical and financial diligence
        of several companies.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Presented findings and conclusions
        to the Board.</P></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">15%</FONT></TD></TR>
<TR STYLE="background-color: #cceeff">
    <TD STYLE="vertical-align: top; padding: 3pt 3pt 3pt 21pt; text-indent: -18pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">5)&nbsp;&nbsp;&nbsp;&nbsp;Conduct comprehensive strategic review of business plan based on imetelstat status, including consideration of strategic combination with potential companies.</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">25%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conducted business opportunity
        and risk assessment of imetelstat in potential hematologic myeloid malignancies, including possible imetelstat development plans
        for such indications, as well as operational resources and financing requirements necessary to implement such development plans.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Presented findings and conclusions
        to the Board.</P></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">25%</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 3pt 3pt 3pt 21pt; text-indent: -18pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">6)&nbsp;&nbsp;&nbsp;&nbsp;Manage
    expenditures to Board-approved budget.</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">10%</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 3pt; border-bottom: Black 1px solid; border-left: Black 1px solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Controlled expenses to be in line with established budget to maintain sufficient cash resources to support
business development search efforts and collaborative development of imetelstat.</P></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">10%</FONT></TD></TR>
<TR STYLE="background-color: #cceeff">
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt"><FONT STYLE="font-size: 10pt">100%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; border-bottom: Black 1px solid; border-left: Black 1px solid; padding: 3pt; border-right: Black 1px solid"><FONT STYLE="font-size: 10pt">100%</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>2016 Individual Performance and Corporate Values Performance
Factors</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">As discussed in further
detail below, each Named Executive Officer&rsquo;s 2016 individual performance factor was assessed not only in light of personal
performance in accomplishing individual, team, departmental and functional goals and objectives, but also the overall performance
of the functional areas for which the executive officer has responsibility, the manner in which the executive officer contributes
to the overall success of the Company, including areas outside of his or her responsibility, and the overall management of the
executive officer&rsquo;s staff. Each Named Executive Officer&rsquo;s individual corporate values performance factor was based
on actions during 2016 demonstrating his/her full support and manifestation of our corporate values. Using the evaluations performed
by the Chief Executive Officer, the Compensation Committee determined the actual individual performance factor for each of our
Named Executive Officers (other than the Chief Executive Officer) for 2016 to be 1.1 and the actual corporate values performance
factor to be 1.0.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I><U>2016 Individual Achievements</U></I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Consistent with prior years,
Dr.&nbsp;Scarlett&rsquo;s 2016 annual incentive bonus was structured to be 100% contingent on the level of corporate goal achievement.
Accordingly, with the Independent Board approved corporate goal achievement factor of 100% and Dr.&nbsp;Scarlett&rsquo;s direct
responsibility and contributions for the achievement of such goals, the Compensation Committee recommended, and the Independent
Board approved that Dr.&nbsp;Scarlett should receive 100% of his 2016 target annual incentive bonus.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Ms. Bloom was awarded an
individual performance factor of 1.1 and a corporate values performance factor of 1.0 based primarily on the following achievements
and contributions made by Ms. Bloom during 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">supported business development efforts by performing due diligence on potential
    acquisition opportunities with specific emphasis on corporate structure and governance, employee compensation policies and
    change in control provisions, capitalization, investors and financial projections;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">participated in a comprehensive strategic review of the Company&rsquo;s business plan by updating
    cash flow models including costs, forecasted patient numbers, pricing and penetration and evaluated optimal financial funding
    strategies;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">directed and managed the Investor Relations function to maintain and increase investor interest
    through identification of potential target investors, conduct of non-deal roadshows and retention of sell-side analyst coverage;
    and </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">effectively reviewed and negotiated company expenses to remain within the budgeted spending
    level for 2016.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Ms. Behrs was awarded an
individual performance factor of 1.1 and a corporate values performance factor of 1.0 based primarily on the following achievements
and contributions made by Ms. Behrs during 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">played a key leadership role as a member of the imetelstat governance committees
    with Janssen to ensure active monitoring of progress versus key program goals, including the interim data reviews conducted
    in the third quarter of 2016 that led to the continued development of imetelstat in MF and MDS by Janssen, pending the results
    of the second planned internal data reviews to be conducted by Janssen in 2017; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">fostered a close, collaborative and high quality alliance with Janssen, resulting in timely
    resolution of issues encountered and appropriate influence and decision making regarding assessment of appropriate data sets
    and next steps for study conduct based on interim data reviews; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">led the business development efforts to search for and evaluate potential acquisition opportunities,
    and explore and assess the commercial opportunities for imetelstat in hematologic myeloid malignancies; and </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD STYLE="text-align: justify">negotiated and executed a new license agreement with Janssen Pharmaceuticals, Inc. for Geron&rsquo;s
    specialized oligonucleotide backbone chemistry and novel amidates for RNAi, resulting in an upfront payment of $5 million
    in 2016, as well as potential milestone payments up to $75 million for the achievement of certain development and regulatory
    milestones and future royalties in the low single digit percentage range payable on aggregate worldwide net sales of each
    licensed product.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Dr.&nbsp; Grethlein was
awarded an individual performance factor of 1.1 and a corporate values performance factor of 1.0 based primarily on the following
achievements and contributions made by Dr.&nbsp;Grethlein during 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&bull;</TD>
    <TD STYLE="text-align: justify">provided key clinical development and manufacturing expertise and analysis in
    architecting the strategic review of the Company&rsquo;s business plan to optimize the success of imetelstat in potential
    hematologic myeloid malignancies; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">played a key leadership role as a member of the imetelstat governance committees with Jansen
    to evaluate complex development and regulatory options for the imetelstat clinical program, particularly in response to the
    interim data reviews conducted in the third quarter of 2016; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">ensured critical imetelstat manufacturing timelines and issues were addressed effectively
    with Janssen; and </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">provided scientific and clinical development expertise in evaluating potential acquisition
    opportunities, including evaluation of the prospective clinical applications for the lead programs and technology platforms
    and the possible competitive landscapes.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Mr. Rosenfield was awarded
an individual performance factor of 1.1 and a corporate values performance factor of 1.0 based primarily on the following achievements
and contributions made by Mr. Rosenfield during 2016:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&bull;</TD>
    <TD STYLE="text-align: justify">served as strategic business advisor to management and the Board by providing critical legal
    and business expertise on potential acquisition opportunities and business plans;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">led and managed corporate governance compliance through administration of meetings of the
    Board and the Compensation Committee and Nominating and Corporate Governance Committee and comprehensive and timely review
    of all public disclosure documents, including SEC filings, press releases, investor and business development presentations
    and conference call scripts;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">supervised the Human Resources function, including directing a review and analysis of compensation
    elements to address employee retention and guiding activities to promote positive employee morale; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD STYLE="text-align: justify">supervised the Legal function, including driving successful settlement negotiations for purported
    securities class action lawsuits and derivative lawsuits, overseeing imetelstat intellectual property protection under the
    Janssen collaboration and supporting business development activities through due diligence of legal matters for potential
    acquisition opportunities and drafting of the Janssen Pharmaceuticals, Inc. license agreement.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">Following are the annual incentive bonus targets
and weighting percentages for each of the factors used to calculate the 2016 annual incentive bonus for each of our Named Executive
Officers as well as the 2016 actual bonus percentage awarded.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(A)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(B)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(C)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(D)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(E)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(F)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>(G)</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>= (A*B*C)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>+ (A*D*E)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>+ (A*F*G)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Annual</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Annual</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Incentive</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>2016</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>2016</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Incentive</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Bonus</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Corporate</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Corporate</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>2016</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Corporate</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Bonus</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Target</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Goal</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Goal</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Individual</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Individual</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Corporate</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Values</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Awarded</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>as a</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Achievement</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Achievement</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Performance</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Performance</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Values</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Performance</B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>as a % of</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B><U>Named Executive Officer</U></B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>%
    of Salary</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Weighting</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Factor</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Weighting</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Factor</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Weighting</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Factor</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1px"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Salary</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 32%; text-align: left">John A. Scarlett, M.D.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">60%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: center">100%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: center">1.0</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: center">N/A</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: center">N/A</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: center">N/A</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: center">N/A</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: center">60.0%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">45%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;&nbsp;50%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">30%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">46.4%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Melissa A. Kelly Behrs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">45%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;&nbsp;50%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">30%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">46.4%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">45%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;&nbsp;50%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">30%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">46.4%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Stephen N. Rosenfield, J.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">45%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;&nbsp;50%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">30%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">46.4%</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>2016 Equity Awards</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Consistent with the objectives
of our executive compensation program to link pay with performance, align the interests of stockholders and employees, and encourage
employee ownership in Geron, in February 2016, the Compensation Committee approved stock option grants to our Named Executive Officers,
and the Independent Board approved a stock option grant to our Chief Executive Officer. In determining the appropriate size and
value of stock option grants in 2016 for our Named Executive Officers, the Compensation Committee (and the Independent Board, with
respect to our Chief Executive Officer) generally referenced the defined peer group market data provided by Radford. In addition,
the Compensation Committee considered the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; text-align: left">&bull;</TD>
    <TD>overall corporate performance in the prior year;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>a Named Executive Officer&rsquo;s recent performance history and his or her potential for future responsibility;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>internal compensation equity among the Named Executive Officers;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>criticality of the individual to the long-term success of the Company;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>equity awards previously granted to the individual; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>the amount of actual versus theoretical equity value per year that has been derived to date by the individual;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;&bull;</TD>
    <TD>the current actual value of unvested equity grants for each individual; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>the percentage of stock option grants with exercise prices greater than Geron&rsquo;s current stock price; and </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&bull;</TD>
    <TD>the number of stock option grants that have expired unexercised as a result of market conditions.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In light of the objective
to retain and engage existing Named Executive Officers, especially during periods of significant uncertainty given the sole reliance
on the collaboration with Janssen to further develop, manufacture and commercialize imetelstat and the unknown outcome of our efforts
to identify and acquire and/or in-license other oncology products, product candidates, programs or companies to grow and diversify
our business, the Compensation Committee determined that in 2016 referencing the 50<SUP>th </SUP>to 75<SUP>th </SUP>percentile
of the market data provided by Radford for total compensation (consisting of annual base salary, annual incentive bonus and the
grant date fair value of equity awards) was appropriate for determining the level of stock option grants; however, the Compensation
Committee determined that a broad-based approach in determining the level of stock option grants for our Named Executive Officers,
except for the Chief Executive Officer, was appropriate to maintain internal compensation equity among the executive team and reflected
the collaborative, team-oriented nature of long-term value creation through the achievement of strategic corporate goals. In reaching
these decisions, the Compensation Committee did not apply a formula, but rather a holistic analysis emphasizing the factors described
above. In determining the size of the stock option grant for the Chief Executive Officer, the Independent Directors referenced
the market data provided by Radford, specifically the annual stock option grants provided to other chief executive officers in
the defined peer group. The Compensation Committee also determined that the equity awards granted to our Named Executive Officers
in 2016 should continue to consist only of stock options rather than restricted stock awards that vest over time because stock
options deliver future value only if the price per share of our Common Stock increases above the exercise price, thus aligning
the interests of our Named Executive Officers and stockholders for the long-term success of Geron.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">Our Named Executive Officers received the following
stock option grants in February 2016:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B><U>Named Executive
    Officer</U></B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>2016
    Stock<BR> Option Grant<BR> (# of shares)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 85%; text-align: left">John A. Scarlett, M.D.</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">600,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">210,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Melissa A. Kelly Behrs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">210,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">210,000</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Stephen N. Rosenfield, J.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">210,000</TD></TR>
</TABLE>




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    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In accordance with Geron&rsquo;s
equity grant practices, the exercise price for the February 2016 stock option grants was equal to the closing price of Geron Common
Stock as reported by the NASDAQ Global Select Market on the date of grant and the vesting schedule is monthly over four years from
the date of grant, provided the employee continues to provide services to Geron. For additional information regarding stock option
grants to our Named Executive Officers in 2016, see the sub-section entitled &ldquo;Grants of Plan-Based Awards for 2016&rdquo;.
We did not reprice any stock options in 2016, despite the fact that our Named Executive Officers hold a significant number of stock
options that are underwater.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Perquisites</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In accordance with the terms
of his employment agreement, Dr.&nbsp;Scarlett receives reimbursement for housing expenses (not to exceed $2,000 per month) and
travel costs (not to exceed $20,000 per year) in connection with the commute from his personal residence in Texas to our headquarters
in Menlo Park, California. These commuting expense benefits were negotiated with Dr.&nbsp; Scarlett at the time of his initial
employment and were deemed a reasonable expense and necessary inducement to his commencement of employment with us. Dr.&nbsp;Scarlett
does not receive separate compensation for serving as a member of our Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Employment Agreements and Severance and Change in Control Benefits</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We have entered into written
employment agreements with each of our Named Executive Officers that set forth the terms of their employment, including initial
base salaries, and eligibility to participate in the Company&rsquo;s annual incentive bonus program. In addition, each employment
agreement includes restrictive covenants, such as non-compete and non-solicitation provisions, that would apply in the event of
termination, which our Board believe helps protect our value. Each of our Named Executive Officers is employed &ldquo;at will.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Our Named Executive Officers are entitled to certain severance and change in control benefits under the terms of our Amended Severance
Plan, their employment agreements and our equity plans, as further described under the sub-section entitled &ldquo;Potential Payments
Upon Termination or Change in Control&rdquo;. Given the nature of the life sciences industry and the range of strategic initiatives
we may explore, the Compensation Committee believes these severance and change in control provisions are essential elements of
our executive compensation program and assist us in recruiting, retaining and developing key management talent in the competitive
San Francisco Bay Area employment market. Our change in control benefits are intended to allow employees, including our Named Executive
Officers, to focus their attention on the business operations of Geron in the face of the potentially disruptive impact of a rumored
or actual change in control transaction, to assess takeover bids objectively without regard to the potential impact on their own
job security and to allow for a smooth transition in the event of a change in control of Geron. In addition, our severance benefits
provide reasonable protection to the executive officer in the event that he or she is not retained. We do not provide for any excise
tax gross-ups in the Amended Severance Plan or in any individual employment agreement with a Named Executive Officer.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Compensation Recovery Provisions</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Each of our executive officer
employment agreements contain a &ldquo;clawback provision&rdquo; which requires that an executive officer forfeit his or her entire
annual incentive bonus if we determine that such executive officer has engaged in any misconduct intended to affect the payment
of his or her annual incentive bonus, or has otherwise engaged in any act or omission that would constitute cause for termination
of his or her employment, as defined by his or her employment agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Tax and Accounting Implications of Executive Compensation</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Compensation Committee
is responsible for addressing the issues raised by Section 162(m) of the Internal Revenue Code, which makes certain &ldquo;non-performance-based&rdquo;
compensation to certain executive officers of Geron in excess of $1,000,000 non-deductible to us. To qualify as &ldquo;performance-based&rdquo;
under Section 162(m), compensation payments must be determined pursuant to a plan, by a committee of at least two &ldquo;outside&rdquo;
directors (as defined in the regulations promulgated under the Internal Revenue Code) and must be based on achieving objective
performance goals. In addition, the material terms of the plan must be disclosed to and approved by stockholders and the independent
directors or the Compensation Committee, as applicable, must certify that the performance goals were achieved before payments can
be awarded.</P>


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    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Compensation Committee will continue to examine
the effects of Section 162(m), to monitor the level of compensation paid to executive officers and take appropriate action in response
to the provisions of Section 162(m), to the extent practicable while maintaining competitive compensation practices. To maintain
flexibility in compensating executive officers in a manner designed to promote varying corporate goals, the Compensation Committee
reserves the right to recommend and award compensation that is not deductible under Section 162(m).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">In addition to considering the tax consequences,
the Compensation Committee considers the accounting consequences of its decisions, including the impact of expenses being recognized
in connection with equity-based awards, in determining the size and form of different equity-based awards.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a008"></A>COMPENSATION COMMITTEE REPORT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Our Compensation Committee has reviewed and discussed
the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K and contained within this Proxy Statement with
management and, based on such review and discussions, our Compensation Committee recommended to our Board that the Compensation
Discussion and Analysis be included in this Proxy Statement and incorporated into our Annual Report on Form&nbsp;10-K for the year
ended December 31, 2016.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Submitted on March 16, 2017 by the members of the Compensation Committee
of the Board of Directors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left; vertical-align: top">Robert J. Spiegel, M.D., FACP</TD>
    <TD STYLE="width: 50%; text-align: left; vertical-align: top">Compensation Committee Chair</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top">Karin Eastham</TD>
    <TD STYLE="text-align: left; vertical-align: top">Compensation Committee Member</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: top">V. Bryan Lawlis, Ph.D.</TD>
    <TD STYLE="text-align: left; vertical-align: top">Compensation Committee Member</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>This Section is not &ldquo;soliciting material,&rdquo; is not
deemed &rdquo; filed&rdquo; with the SEC and is not to be incorporated by reference in any filing of the Company under the Securities
Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, other than in Geron&rsquo;s Annual Report on Form
10-K where it shall be deemed to be furnished, whether made before or after the date hereof and irrespective of any general incorporation
language in any such filing.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a009"></A>EXECUTIVE COMPENSATION TABLES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Summary Compensation Table</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The following table includes information concerning
compensation for the years ended December 31, 2016, 2015 and 2014 with respect to our Principal Executive Officer, Principal Financial
Officer and our three other most highly compensated executive officers at December 31, 2016 (our &ldquo;Named Executive Officers&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE style="FONT: 10pt Times New Roman, Times, Serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0>

  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left"><U>Name
      and Principal Position</U></TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2>Year</TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;&nbsp;
    </TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2>Salary<BR>($)</TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;&nbsp;
    </TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=3>Bonus<BR>($)</TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;&nbsp;
    </TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Option</B><BR><B>Awards</B><BR><B>($)</B><B><SUP>(1)</SUP></B></FONT></TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;&nbsp;
    </TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Non-Equity</B><BR><B>Incentive
      Plan</B><BR><B>Compensation</B><BR><B>($)</B><B><SUP>(2)</SUP></B></FONT></TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;&nbsp;
    </TD>
    <TD style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>All</B><BR><B>Other</B><BR><B>Compensation</B><BR><B>($)</B><B><SUP>(3)</SUP></B></FONT></TD>
    <TD style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;&nbsp;
    </TD>
    <TD style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif">&nbsp;<B>Total</B><BR><B>($)</B></FONT></TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD style="WIDTH: 29%; TEXT-ALIGN: left">John A. Scarlett, M.D.</TD>
    <TD style="WIDTH: 2%">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 1%; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 5%; TEXT-ALIGN: center">2016</TD>
    <TD style="WIDTH: 1%; TEXT-ALIGN: left"></TD>
    <TD style="WIDTH: 3%">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 3%; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 2%; TEXT-ALIGN: right">622,200</TD>
    <TD style="WIDTH: 3%">&nbsp;</TD>
    <TD style="WIDTH: 3%; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 1%; TEXT-ALIGN: right">&#151;</TD>
    <TD style="WIDTH: 3%; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="WIDTH: 3%">&nbsp;</TD>
    <TD style="WIDTH: 3%; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 2%; TEXT-ALIGN: right">1,086,960</TD>
    <TD style="WIDTH: 3%">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 3%; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 1%; TEXT-ALIGN: center">373,300</TD>
    <TD style="WIDTH: 3%">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 3%; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: top; WIDTH: 1%; TEXT-ALIGN: center">78,382</TD>
    <TD style="WIDTH: 3%">&nbsp;</TD>
    <TD style="WIDTH: 2%; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 3%; TEXT-ALIGN: right">2,160,842</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD style="padding-left: 10pt; TEXT-ALIGN: left">President and Chief
      Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">2015</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">604,095</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,859,340</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">362,457</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">61,793</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">2,887,685</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">2014</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">586,500</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">70,380 <SUP></SUP></TD>
    <TD style="TEXT-ALIGN: left"><SUP>(4)</SUP>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">5,001,416</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">351,900</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">60,807</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">6,071,003</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="TEXT-ALIGN: left">Olivia K. Bloom</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">2016</TD>
    <TD style="TEXT-ALIGN: left"></TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">387,200</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">380,436</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">179,500</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">28,546</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">975,682</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="TEXT-INDENT: 10pt; TEXT-ALIGN: left">Executive Vice President,
      Finance,</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">2015</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">375,950</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">650,769</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">174,253</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">12,468</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,213,440</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="padding-left: 10pt; TEXT-ALIGN: left">Chief Financial Officer
      and Treasurer</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">2014</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">365,000</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">16,425 <SUP></SUP></TD>
    <TD style="TEXT-ALIGN: left"><SUP>(4)</SUP>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,468,600</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">174,105</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">12,126</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">2,036,256</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD style="TEXT-ALIGN: left">Melissa A. Kelly Behrs</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">2016</TD>
    <TD style="TEXT-ALIGN: left"></TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">373,400</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">380,436</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">173,100</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">40,981</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">967,917</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD style="TEXT-INDENT: 10pt; TEXT-ALIGN: left">Executive Vice President,
      Bus. Dev.</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">2015</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">362,560</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">650,769</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">172,941</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">35,257</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,221,527</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD style="padding-left: 10pt; TEXT-ALIGN: left">and Portfolio &amp;
      Alliance Management</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">2014</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">352,000</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">15,840 <SUP></SUP></TD>
    <TD style="TEXT-ALIGN: left"><SUP>(4)</SUP>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,468,600</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">172,656</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">33,467</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">2,042,563</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"></P>


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<TABLE style="FONT: 10pt Times New Roman, Times, Serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0>

  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 0px; VERTICAL-ALIGN: bottom; TEXT-INDENT: 0px; TEXT-ALIGN: left"><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B><U>Name and Principal
      Position</U></B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Year</B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif">&nbsp;&nbsp;
    </FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=3><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Salary<BR>($)</B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;
    </B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=3><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Bonus<BR>($)</B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;
    </B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Option</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Awards</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>($)<SUP>(1)</SUP></B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;
    </B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Non-Equity</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Incentive
      Plan</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Compensation</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>($)<SUP>(2)</SUP></B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;
    </B></FONT></TD>
    <TD style="VERTICAL-ALIGN: top; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>All</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Other</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Compensation</B></FONT><BR><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>($)<SUP>(3)</SUP></B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center"><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>&nbsp;&nbsp;
    </B></FONT></TD>
    <TD style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center" colSpan=2><FONT style="FONT: 8pt Times New Roman, Times, Serif"><B>Total<BR>($)</B></FONT></TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 10pt; WIDTH: 29%; TEXT-INDENT: -10pt; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">Andrew J. Grethlein,
    Ph.D.</TD>
    <TD style="WIDTH: 2%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="WIDTH: 1%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="WIDTH: 5%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">2016</TD>
    <TD style="WIDTH: 1%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 2%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">402,100</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 1%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&#151;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 2%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">380,436</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; WIDTH: 1%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">186,400</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; WIDTH: 1%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">38,749</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="WIDTH: 2%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">$</TD>
    <TD style="WIDTH: 3%; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">1,007,685</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 20pt; TEXT-INDENT: -10pt; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">Executive Vice
President,</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">2015</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">390,370</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&#151;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">650,769</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">180,937</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">36,308</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">1,258,384</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 10pt; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">Development and Technical
      Operations</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">2014</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">379,000</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;17,055</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: left"><SUP>(4)</SUP>&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">1,468,600</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">180,783</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: center">34,379</TD>
    <TD style="BACKGROUND-COLOR: #cceeff">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #cceeff; TEXT-ALIGN: right">2,079,817</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff">
    <TD style="PADDING-LEFT: 10pt; TEXT-INDENT: -10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 10pt; TEXT-INDENT: -10pt; TEXT-ALIGN: left">Stephen N. Rosenfield,
    J.D.</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center">2016</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">331,000</TD>
    <TD style="TEXT-ALIGN: left"><SUP>(5)</SUP>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">380,436</TD>
    <TD style="VERTICAL-ALIGN: top; TEXT-ALIGN: center">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">153,400</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">$</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">13,897</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">$</TD>
    <TD style="TEXT-ALIGN: right">878,733</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 10pt; TEXT-ALIGN: left">Executive Vice President,
      General</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center">2015</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;321,360</TD>
    <TD style="TEXT-ALIGN: left"><SUP>(5)</SUP>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&#151;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">650,769</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">148,950</TD>
    <TD>&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">13,872</TD>
    <TD>&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,134,951</TD></TR>
  <TR style="VERTICAL-ALIGN: bottom">
    <TD style="PADDING-LEFT: 10pt; PADDING-BOTTOM: 1px; TEXT-ALIGN: left">Counsel and Corporate
      Secretary</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="TEXT-ALIGN: center">2014</TD>
    <TD style="PADDING-BOTTOM: 1px; TEXT-ALIGN: left">&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;312,000</TD>
    <TD style="PADDING-BOTTOM: 1px; TEXT-ALIGN: left"><SUP>(5)</SUP>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;14,040</TD>
    <TD style="PADDING-BOTTOM: 1px; TEXT-ALIGN: left"><SUP>(4)</SUP>&nbsp;</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,468,600</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">148,824</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center">13,347</TD>
    <TD style="PADDING-BOTTOM: 1px">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">&nbsp;</TD>
    <TD style="TEXT-ALIGN: right">1,956,811</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">(1)</TD>
    <TD STYLE="text-align: justify">Amounts represent the aggregate grant date fair value of stock option awards granted
    during the applicable fiscal year as calculated in accordance with FASB ASC Topic 718. For additional information, refer to
    Note&nbsp;8 of the financial statements in our Annual Report on Form 10-K for the year ended December 31, 2016 regarding assumptions
    underlying the valuation of stock option awards and the calculation method. Refer to the supplemental table of the sub-section
    entitled &ldquo;Outstanding Equity Awards at Fiscal Year-End&rdquo; for information as to each Named Executive Officers&rsquo;
    vested and unvested stock option holdings, and under the sub-section entitled &ldquo;Grants of Plan- Based Awards for 2016&rdquo;
    for the number of stock options granted during 2016.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(2)</TD>
    <TD STYLE="text-align: justify">Amounts disclosed under the &ldquo;Non-Equity Incentive Plan Compensation&rdquo; column represent
    the annual incentive bonuses earned pursuant to our annual incentive bonus plan. For further discussion, see the sub-section
    entitled &ldquo;Compensation Discussion and Analysis &ndash; 2016 Annual Incentive Bonuses&rdquo;.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(3)</TD>
    <TD STYLE="text-align: justify">Amounts shown include, as applicable: (i) reimbursements for housing and travel expenses;
    (ii) the portion of life and health insurance premiums paid by the Company; and (iii) the matching contribution made to the
    Geron     401(k) Plan on behalf of each Named Executive Officer. Amounts for the year ended December 31, 2016 were as
    follows:</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 96.5%; font: 10pt Times New Roman, Times, Serif; margin-left: 18pt">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B><U>Named Executive Officer</U></B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Housing and Travel<BR> Reimbursements<BR> ($)</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Insurance<BR> Premiums<BR> ($)</B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>401(k)<BR> Match<BR> ($)<SUP>(a)</SUP></B></FONT></TD><TD><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B><BR>Total<BR> ($)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 59%; text-align: left">John A. Scarlett, M.D.</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="width: 5%; text-align: center; vertical-align: top">$44,000</TD><TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right; vertical-align: top">$</TD><TD STYLE="width: 1%; text-align: right">34,382</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right; vertical-align: top">$</TD><TD STYLE="width: 1%; text-align: right">&mdash;</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right; vertical-align: top">$</TD><TD STYLE="width: 1%; text-align: right">78,382</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">19,546</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">9,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">28,546</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Melissa A. Kelly Behrs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">30,054</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">10,927</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">40,981</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">26,749</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">12,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">38,749</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Stephen N. Rosenfield, J.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">1,897</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">12,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: top">$</TD><TD STYLE="text-align: right">13,897</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<!-- Field: Rule-Page --><DIV STYLE="text-align: left; margin-top: 2px; margin-bottom: 2px; margin-left: 18pt"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">(a)</TD>
    <TD STYLE="text-align: justify">Under Geron&rsquo;s 401(k) Plan, all participating employees may contribute up to the annual Internal
    Revenue Service contribution limit. In November 2015, the Compensation Committee approved a matching contribution equal to
    50% of each employee&rsquo;s annual contributions during 2016. The matching contribution was made in cash on January 23, 2017.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(4)</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Amounts represent the discretionary portion of the annual incentive bonus awarded to each Named Executive
    Officer in 2014.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(5)</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">The actual base salary amounts reflect Mr. Rosenfield&rsquo;s employment at 80% full-time equivalent.</TD></TR>
</TABLE>



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    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Grants of Plan-Based Awards for 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify"><FONT STYLE="font-size: 10pt">The following table sets forth information
regarding grants of plan-based awards with respect to each of our Named Executive Officers for the fiscal year ended December 31,
2016:</FONT>&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Estimated</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Possible</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="11" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>All Other Option
    Awards:</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Payouts Under</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Grant Date</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Non-Equity</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Number of</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Exercise</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Fair Value of</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Incentive Plan</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Securities</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Price</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Stock</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Awards</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Underlying</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>of Stock</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Option</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Approval</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Grant</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Target<SUP>(1)</SUP></B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Options</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Options</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Awards</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt; border-bottom: Black 1px solid"><B>Named Executive Officer</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Date</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Date</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>($)</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>(#)<SUP>(2)</SUP></B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>($/Sh)</B></FONT></TD><TD><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>($)<SUP>(3)</SUP></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 44%; text-align: left">John A. Scarlett, M.D.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD><TD STYLE="width: 6%; text-align: center">2/11/16</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">2/11/16</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right">&nbsp;</TD><TD STYLE="width: 3%; text-align: right">&mdash;</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; text-align: right">600,000</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">$</TD><TD STYLE="width: 1%; text-align: right">2.54</TD><TD STYLE="width: 4%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right">$</TD><TD STYLE="width: 3%; text-align: right">1,086,960</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">373,320</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/10/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">2/11/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">2.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">380,436</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">174,240</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Melissa A. Kelly Behrs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/10/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">2/11/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">2.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">380,436</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">168,030</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/10/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">2/11/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">2.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">380,436</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">180,945</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Stephen N. Rosenfield, J.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/10/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">2/11/16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">210,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">2.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">380,436</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">148,950</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">(1)</TD>
    <TD STYLE="text-align: justify">This column sets forth the target amount of each Named Executive Officer&rsquo;s
    annual incentive bonus award for the fiscal year ended December 31, 2016 under our annual incentive bonus plan. Accordingly,
    the amounts set forth in this column do not represent actual compensation earned by our Named Executive Officers for the fiscal
    year ended December 31, 2016. For the actual compensation paid to our Named Executive Officers for the fiscal year ended December
    31, 2016, see the sub-section entitled &ldquo;Summary Compensation Table&rdquo;. For further discussion, see the sub-section
    entitled &ldquo;Compensation Discussion and Analysis &ndash; 2016 Annual Incentive Bonuses&rdquo;.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(2)</TD>
    <TD STYLE="text-align: justify">Stock option vests in a series of 48 equal consecutive monthly installments commencing February
    11, 2016, provided the executive officer continues to provide services to the Company.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(3)</TD>
    <TD STYLE="text-align: justify">Amounts represent the grant date fair value of each stock option granted in 2016 calculated
    in accordance with FASB ASC Topic 718. For additional information, refer to Note 8 of the financial statements in our Annual
    Report on Form 10-K for the year ended December 31, 2016 regarding assumptions underlying the valuation of stock option awards
    and the calculation method.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Narrative Disclosure to Summary Compensation Table and Grants
of Plan-Based Awards Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify"><I>Employment Agreements</I>. Each of our Named
Executive Officers has entered into a written employment agreement with Geron.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">We entered into an employment agreement with
Dr.&nbsp;Scarlett dated September 29, 2011, in connection with commencement of his employment with us. Dr.&nbsp;Scarlett&rsquo;s
employment agreement originally provided him with an annual base salary of $550,000, subject to increase, and an annual incentive
bonus targeted at 60% of his annual base salary. On February 11, 2014, we amended Dr.&nbsp;Scarlett&rsquo;s employment agreement
to provide for an annual base salary of $586,500, subject to increase, and to include a clawback provision, which clawback provision
is described in more detail under the sub-section entitled &ldquo;Compensation Discussion and Analysis &ndash; Compensation Recovery
Provisions.&rdquo;</P>


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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We entered into an employment
agreement with Ms. Bloom dated December 7, 2012, in connection with her appointment as our Senior Vice President, Finance, Chief
Financial Officer and Treasurer, to provide an annual base salary of $330,000 and an annual incentive bonus targeted at 40% of
her annual base salary. On September 24, 2013, we amended Ms. Bloom&rsquo;s employment agreement to include a clawback provision.
On February 11, 2014, in connection with her promotion to Executive Vice President, we amended Ms. Bloom&rsquo;s employment agreement
to provide for an annual base salary of $365,000, subject to increase, and an annual incentive bonus targeted at 45% of her annual
base salary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We entered into an employment
agreement with Ms. Behrs effective January 31, 2013, in connection with her appointment as our Senior Vice President, Portfolio
and Alliance Management, to provide an annual base salary of $341,550, subject to increase, and an annual incentive bonus targeted
at 40% of her annual base salary. On September&nbsp;24, 2013, we amended Ms. Behrs&rsquo; employment agreement to include a clawback
provision. On February&nbsp; 11, 2014, in connection with her promotion to Executive Vice President, we amended Ms. Behrs&rsquo;
employment agreement to provide for an annual base salary of $352,000, subject to increase, and an annual incentive bonus targeted
at 45% of her annual base salary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We entered into an employment
agreement with Dr.&nbsp;Grethlein effective September 17, 2012, in connection with commencement of his employment with us, to provide
an annual base salary of $355,000 and an annual incentive bonus targeted at 45% of his annual base salary. On February 11, 2014,
we amended Dr.&nbsp;Grethlein&rsquo;s employment agreement to provide for an annual base salary of $379,000, subject to increase,
and to include a clawback provision.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We entered into an employment
agreement with Mr. Rosenfield effective February 16, 2012, in connection with commencement of his employment with us, to provide
an annual base salary of $292,000, subject to increase and pro-rated to reflect Mr. Rosenfield&rsquo;s 80% of a full-time work
schedule, and an annual incentive bonus targeted at 45% of his annual base salary. On September 24, 2013, we amended Mr. Rosenfield&rsquo;s
employment agreement to include a clawback provision.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">See also the sub-section
entitled &ldquo;Potential Payments Upon Termination or Change in Control&rdquo; with respect to severance benefits payable under
the employment agreements with our Named Executive Officers and under our Amended Severance Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>Annual Incentive Bonuses</I>.
We provide for annual incentive bonuses to reward Named Executive Officers for performance in the prior fiscal year. For more information
regarding our annual incentive bonus plan, see the sub-section entitled &ldquo;Compensation Discussion and Analysis &ndash; 2016
Annual Incentive Bonuses&rdquo;.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><I>Equity Awards</I>. All
stock options awarded to our Named Executive Officers during 2016 were granted under our 2011 Plan. Descriptions of the terms of
the stock options granted to our Named Executive Officers are included under the sub-section entitled &ldquo;Compensation Discussion
and Analysis &ndash; 2016 Equity Awards&rdquo;.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Our 2011 Plan was approved
by our Board and our stockholders in 2011 and replaced our Amended and Restated 2002 Equity Incentive Plan. The 2011 Plan provides
for the grant of stock options, restricted stock, restricted stock units, performance awards and other stock and cash awards. The
exercise price of a stock option grant may not be less than 100% of the closing price of our Common Stock as reported by the NASDAQ
Global Select Market on the date of grant. Stock option grants generally have a term of ten years, but may terminate sooner in
connection with the holder&rsquo;s termination of service with us. Stock option grants vest based on conditions determined by the
Compensation Committee or the Independent Board, which typically include continued service, but may also include performance goals
and/or other conditions. The vesting of all equity awards granted under the 2011 Plan are subject to acceleration under certain
termination or change in control circumstances as described under the sub-section entitled &ldquo;Potential Payments Upon Termination
or Change in Control&rdquo;.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outstanding Equity Awards at Fiscal Year-End</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">The following table includes information with respect to all outstanding
equity awards held by our Named Executive Officers as of December 31, 2016.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="19" STYLE="text-align: center; border-bottom: Black 1px solid"><B>Option Awards</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Number</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Number</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>of</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>of</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Securities</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Securities</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Underlying</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Underlying</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Unexercised</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Unexercised</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Option</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Options</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Options</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Exercise</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Option</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Grant</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Exercisable</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Unexercisable</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Price</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Expiration</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><B><U>Named Executive Officer</U></B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Date</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>(#)</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>(#)</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>($/Sh)</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Date</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 42%; text-align: left; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">John A. Scarlett, M.D.</TD><TD STYLE="width: 1%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 8%; text-align: right; background-color: #cceeff">9/29/11</TD><TD STYLE="width: 5%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 4%; text-align: right; background-color: #cceeff">1,000,000</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 5%; text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="width: 5%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 1%; text-align: center; background-color: #cceeff">$2.16</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; background-color: #cceeff">9/29/21</TD><TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/17/12</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">505,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$1.41</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/17/22</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/13/13</TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">1,284,167</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">55,833</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$1.50</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/13/23</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/11/14 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">949,167</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">390,833</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$5.09</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/11/24</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">3/13/15 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">262,500</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">337,500</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$4.34</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">3/13/25</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/11/16 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">125,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">475,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$2.54</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/11/26</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Olivia K. Bloom</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/23/07</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$9.32</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/23/17</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/28/08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$3.97</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/28/18</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/28/08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">10,829</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$3.97</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/28/18</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/29/09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$6.52</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/29/19</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/29/09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">7,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$6.52</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/29/19</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/29/09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$6.52</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/29/19</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/19/10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$5.29</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/19/20</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/20/11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$4.65</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/20/21</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5/17/12</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">215,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$1.41</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">5/17/22</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2/12/13 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">383,333</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,667</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$1.51</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/12/23</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2/10/14 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">283,333</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">116,667</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$5.01</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/10/24</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3/13/15 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">91,875</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">118,125</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$4.34</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">3/13/25</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2/11/16 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">43,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">166,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$2.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/11/26</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: center; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: White">&nbsp;</TD><TD STYLE="text-align: center; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">Melissa A. Kelly Behrs</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/23/07</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">50,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$9.32</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/23/17</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/28/08</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">50,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$3.97</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/28/18</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/28/08</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">14,167</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$3.97</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/28/18</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/29/09</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">50,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$6.52</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/29/19</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/29/09</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">20,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$6.52</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/29/19</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/19/10</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">50,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$5.29</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/19/20</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/19/10</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">10,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$5.29</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/19/20</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/20/11</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">50,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$4.65</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/20/21</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/17/12</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">300,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$1.41</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/17/22</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/12/13 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">287,500</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">12,500</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$1.51</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/12/23</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/10/14 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">283,333</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">116,667</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$5.01</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/10/24</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">3/13/15 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">91,875</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">118,125</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$4.34</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">3/13/25</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/11/16 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">43,750</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">166,250</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$2.54</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/11/26</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Andrew J. Grethlein, Ph.D.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9/19/12</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">600,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$1.70</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">9/19/22</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2/12/13 </TD><TD STYLE="text-align: left"><SUP>(2)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">287,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$1.51</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/12/23</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2/10/14 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">283,333</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">116,667</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$5.01</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/10/24</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3/13/15 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">91,875</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">118,125</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$4.34</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">3/13/25</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2/11/16 </TD><TD STYLE="text-align: left"><SUP>(1)</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">43,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">166,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: center">$2.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">2/11/26</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 52; Value: 39 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1px"><B>&nbsp;</B></TD>
    <TD COLSPAN="19" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Option Awards</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Number</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Number</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>of</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>of</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Securities</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Securities</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Underlying</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Underlying</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Unexercised</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Unexercised</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Option</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Options</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Options</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Exercise</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Options</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Grant</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Exercisable</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Unexercisable</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Price</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Expiration</B></TD><TD STYLE="padding-bottom: 1px; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><B><U>Named Executive Officer</U></B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Date</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center"><B>(#)</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center"><B>(#)</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid"><B>&nbsp;($/Sh)</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Date</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 44%; text-align: left; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">Stephen N. Rosenfield, J.D.</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 9%; text-align: right; background-color: #cceeff">11/1/11 </TD><TD STYLE="width: 3%; text-align: left; background-color: #cceeff"><SUP>(3)</SUP></TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 9%; text-align: right; padding-right: 15pt; background-color: #cceeff">36,000</TD><TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 1%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 9%; text-align: right; padding-right: 15pt; background-color: #cceeff">&mdash;</TD><TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 1%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 1%; text-align: center; background-color: #cceeff">$2.22</TD><TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 1%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; background-color: #cceeff">11/1/21</TD><TD STYLE="width: 1%; text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/16/12 </TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">425,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$2.14</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/16/22</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">5/17/12 </TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">200,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$1.41</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">5/17/22</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/12/13 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">402,500</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">17,500</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$1.51</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/12/23</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/10/14 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">283,333</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">116,667</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$5.01</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/10/24</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">3/13/15 </TD><TD STYLE="text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">91,875</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">118,125</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$4.34</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">3/13/25</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="padding-bottom: 1px; text-indent: -10pt; padding-left: 10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="padding-bottom: 1px; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2/11/16 </TD><TD STYLE="padding-bottom: 1px; text-align: left; background-color: #cceeff"><SUP>(1)</SUP></TD><TD STYLE="padding-bottom: 1px; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">43,750</TD><TD STYLE="padding-bottom: 1px; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="padding-bottom: 1px; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 15pt; background-color: #cceeff">166,250</TD><TD STYLE="padding-bottom: 1px; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="padding-bottom: 1px; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">$2.54</TD><TD STYLE="padding-bottom: 1px; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="padding-bottom: 1px; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: center; background-color: #cceeff">2/11/26</TD><TD STYLE="padding-bottom: 1px; text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Stock
option vests in a series of 48 equal consecutive monthly installments commencing from the date of grant, provided the executive
officer continues to provide services to the Company.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Stock option vests as follows: 12,500 shares on April 12, 2013 and the remaining 287,500 shares in a series of 46 equal consecutive monthly installments commencing from April 12, 2013, provided the executive officer</FONT> <FONT STYLE="font-size: 10pt">continues to provide services to the Company.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Stock option was granted in connection with Mr. Rosenfield&rsquo;s consulting agreement prior to his employment</FONT> <FONT STYLE="font-size: 10pt">with the Company.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Option Exercises and Restricted Stock Awards Vested in 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">None of our Named Executive
Officers exercised any options or vested any restricted stock awards during the fiscal year ended December 31, 2016.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Pension Benefits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">None of our Named Executive
Officers participates in or has an account balance under any defined benefit pension or retirement plans sponsored by the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Non-Qualified Deferred Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">None of our Named Executive
Officers participates in or has an account balance under non-qualified defined contribution plans or other non-qualified deferred
compensation plans maintained by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Additional Benefits</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Our Named Executive Officers
are eligible to participate in our benefit plans generally available to all employees, as described in the sub-section entitled
&ldquo;Compensation Discussion and Analysis &ndash; Broad-Based Benefits.&rdquo;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Potential Payments Upon Termination or Change in Control</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Employment Agreements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Our Named Executive Officers
are entitled to certain severance benefits payable in connection with a Covered Termination (as defined below) under their employment
agreements. Pursuant to these employment agreements, in the event of a Covered Termination and subject to a release of claims against
Geron, each Named Executive Officer will be entitled to (i) a lump-sum severance payment equal to 12 months (24 months, with respect
to Dr.&nbsp;Scarlett) of his or her base salary in effect as of such termination, (ii) a lump-sum payment equal to the pro-rated
portion of any target annual incentive bonus, and (iii) continued COBRA coverage for a period of one year</P>


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    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">following a Covered Termination. In addition,
the vested portion of any stock options, or other exercisable equity award in Geron, will remain exercisable until the earlier
of the second anniversary of the date of termination and the original expiration date of such award.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">For the purposes of our Named Executive Officers&rsquo; employment
agreements, the following definitions apply:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&ldquo;Covered Termination&rdquo; generally means an Involuntary Termination Without Cause that occurs at
    any time, provided that such termination constitutes a &ldquo;separation from service&rdquo; within the meaning of Section
    409A of the Internal Revenue Code.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&ldquo;Involuntary Termination Without Cause&rdquo; generally means an executive officer&rsquo;s dismissal
    or discharge other than: a) for cause or b) following an involuntary or voluntary filing of bankruptcy, an assignment for
    the benefit of creditors, a liquidation of our assets in a formal proceeding or otherwise or any other event of insolvency
    by Geron, in any case, without an offer of comparable employment by Geron or a successor, acquirer, or affiliate of Geron.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD COLSPAN="2">&ldquo;Cause&rdquo; generally means the executive officer&rsquo;s:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(i)</TD>
    <TD STYLE="text-align: justify">willful act or omission constituting dishonesty, fraud or other malfeasance against the Company;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(ii)</TD>
    <TD STYLE="text-align: justify">conviction of a felony;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(iii)</TD>
    <TD STYLE="text-align: justify">debarment by the FDA from working in or providing services to any pharmaceutical or biotechnology
    company or other ineligibility under any law or regulation to perform the employee&rsquo;s duties to the Company; or</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(iv)</TD>
    <TD STYLE="text-align: justify">breach of any material Company policies.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Amended Severance Plan</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In September 2002, the Board
approved a Severance Plan that originally became effective on January 21, 2003 and was subsequently amended and restated, most
recently in May 2013 (collectively referred to herein as the &ldquo;Amended Severance Plan&rdquo;). The Amended Severance Plan
applies to all employees, including our Named Executive Officers, who are not subject to a performance improvement plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Amended Severance Plan
provides for cash severance benefits to be paid to employees, including our Named Executive Officers, under a &ldquo;double trigger&rdquo;
situation, defined below as a Change in Control Triggering Event. Under this double trigger requirement, severance benefits are
paid only upon the occurrence of a Change in Control and a termination of employment, with such termination being either by the
Company or because the employee resigns due to a material change in their employment terms. The Board believes that a double trigger
is considered industry standard and provides appropriate protection for our employees, including our Named Executive Officers,
from post-Change in Control events that are not related to the employee&rsquo;s performance, encourages employees to stay throughout
a transition period in the event of a Change in Control and does not provide for benefits for an employee who remains with the
surviving company in a comparable position.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">Under the Amended Severance Plan, the following
definitions apply:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&ldquo;Change in Control Triggering Event&rdquo; is defined as a termination without Cause in connection with
    a Change in Control (which has the same definition as under the 2011 Plan described below) or within 12 months following a
    Change in Control. Additionally, if an individual is terminated by the Company in connection with a Change in Control but
    immediately accepts employment with the Company&rsquo;s successor or acquirer, they will not be deemed to have had a Change
    in Control Triggering Event unless:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(i)</TD>
    <TD STYLE="text-align: justify">such individual is subsequently terminated without Cause by the successor or acquirer within
    the 12 months following the Change in Control;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(ii)</TD>
    <TD STYLE="text-align: justify">such individual resigns employment with the Company because in connection with a Change in
    Control he or she is offered terms of employment (new or continuing) by the Company or the Company&rsquo;s successor or acquirer
    within 30 days after the Change in Control that results in a material change in the terms of employment; or</TD></TR>
</TABLE>



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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">&nbsp;</TD>
    <TD STYLE="width: 18pt">(iii)</TD>
    <TD STYLE="text-align: justify">after accepting (or continuing) employment with the Company or the Company&rsquo;s successor
    or acquirer after a Change in Control, such individual resigns employment within 12 months following the Change in Control
    due to a material change in terms of employment as defined below.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&ldquo;Cause&rdquo; generally means an employee&rsquo;s continued failure to satisfactorily
    perform duties, willful act or omission constituting dishonesty, fraud or other malfeasance against the Company, conviction
    of a felony, debarment by the FDA from working in or providing services to any pharmaceutical or biotechnology company or
    other ineligibility under any law or regulation to perform the employee&rsquo;s duties to the Company, or breach of any material
    Company policies.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&ldquo;material change in terms of employment&rdquo; shall occur if one of the
    following events occurs without the employee&rsquo;s consent:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(i)</TD>
    <TD STYLE="text-align: justify">base salary is materially reduced from that in effect immediately prior to the Change in Control;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(ii)</TD>
    <TD STYLE="text-align: justify">if as of the Change in Control they are employed at the director level or above, they are
    subject to a material reduction in their duties (including responsibilities and/or authority);</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(iii)</TD>
    <TD STYLE="text-align: justify">their principal work location is to be moved to a location that is either more than 45 miles
    from their principal work location immediately prior to the Change in Control or more than 30 miles farther from their principal
    weekday residence than was their principal work location immediately prior to the Change in Control; or</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>(iv)</TD>
    <TD STYLE="text-align: justify">the Company or the Company&rsquo;s successor or acquirer materially breaches the terms of
    any employment or similar service agreement with the employee.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Additionally, in order for the resignation to
be deemed due to a material change in terms of their employment, the employee must provide written notice to the Company&rsquo;s
General Counsel within 30 days after the first occurrence of the event giving rise to a material change in their terms of employment
setting forth the basis for their resignation, allow the Company at least 30 days from receipt of such written notice to cure such
event, and if such event is not reasonably cured within such period, the employee&rsquo;s resignation from all positions they then
hold with the Company is effective not later than 90 days after the expiration of the cure period.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Upon a Change in Control Triggering Event, each
of our Named Executive Officers is entitled to a severance payment equal to 15 months (18 months, with respect to Dr.&nbsp;Scarlett)
of his or her base salary then in effect as of such Change in Control Triggering Event and payment of COBRA premiums for up to
15 months (18 months, with respect to Dr.&nbsp;Scarlett), which is consistent with severance plans offered at companies similar
in size in our industry and competitive market environment. Payment of any benefits under the Amended Severance Plan is conditioned
on the timely provision of an effective release of claims against Geron. Severance benefits provided under the employment agreements
with our Named Executive Officers are generally reduced by the same type of severance payments a Named Executive Officer is entitled
to receive under the Amended Severance Plan to avoid duplication of benefits.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Equity Plans</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">As set forth in each individual stock option
or restricted stock award agreement under the 2011 Plan, in the event of a Change in Control of Geron (defined below), the vesting
of each outstanding option and award held by all employees and outside directors will accelerate so that each option shall become
fully exercisable for all of the outstanding shares subject to such option immediately prior to the consummation of such transaction
and each other type of award shall be fully vested with all forfeiture restrictions on any or all of such awards to lapse. For
purposes of the 2011 Plan, a &ldquo;Change in Control&rdquo; generally means and includes each of the following: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; width: 18pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt"><FONT STYLE="font-size: 10pt">a)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">as a result
of any merger or consolidation, the voting securities of Geron outstanding immediately prior thereto represent (either by remaining
outstanding or by being converted into voting securities of the surviving or acquiring entity) less than 49% of the combined voting
power of the voting securities of Geron or such surviving or acquiring entity outstanding immediately after such merger or consolidation;</FONT></TD></TR>
</TABLE>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; text-align: left"><FONT STYLE="font-size: 10pt">b)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">during any period of 24 consecutive calendar months, the individuals who at the beginning of such period constitute the board of directors, and any new directors whose election by such board of directors or nomination for election by stockholders was approved by a vote of at least two-thirds of the members of such board of directors who were either directors on such board of directors at the beginning of the period or whose election or nomination for election as directors was previously so approved, for any reason cease to constitute at least a majority of the members thereof;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">c)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any individual, entity or group becomes the beneficial owner of more than 20% of the then outstanding shares of Geron Common Stock; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">d)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any sale of all or substantially all of the assets of Geron; or </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">e)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the complete liquidation or dissolution of Geron.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In the event of a merger,
acquisition or similar change in control, the 2002 Equity Incentive Plan and the 2006 Directors&rsquo; Plan provide through each
respective plan or the individual stock option or restricted stock award agreement or both, that each outstanding option and award
held by all employees or outside directors will accelerate so that each option will be fully exercisable for all of the shares
subject to such option immediately prior to the effective date of the transaction and each other type of award shall be fully vested.
In addition, upon the occurrence of such transaction, the 2002 Equity Incentive Plan and the 2006 Directors&rsquo; Plan provide
that all of the outstanding repurchase rights of Geron with respect to shares of Common Stock acquired upon exercise of options
granted, as well as shares of restricted stock under the 2002 Equity Incentive Plan and the 2006 Directors&rsquo; Plan, will terminate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">In the event an employee
or outside director experiences a termination of service as a result of the employee&rsquo;s or outside director&rsquo;s total
and permanent disability (as defined in Section 22(e)(3) of the Internal Revenue Code) or death, the 2011 Plan, the 2002 Equity
Incentive Plan and the 2006 Directors&rsquo; Plan provide through each respective plan or the individual stock option or restricted
stock award agreement or both, that the portion of each outstanding option and award held by such employee or outside director
that would have vested during the 36 months after the date of such employee&rsquo;s or outside director&rsquo;s termination of
service, will automatically vest. The options and awards that were already vested upon the date of termination and those that automatically
vested in connection with an employee&rsquo;s total and permanent disability or death will remain exercisable until the earlier
of the second anniversary of the date of termination and the original expiration date of such option or award. For an outside director,
the post-termination exercise period is the earlier of the third anniversary of the date of termination and the original expiration
date of such option or award.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Potential Payments Table</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The table below summarizes
potential maximum payments under the Amended Severance Plan, individual employment agreements or equity plans, as applicable, for
our Named Executive Officers if a qualifying termination and/or change in control event had occurred on December 30, 2016, the
last business day of our last completed fiscal year.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Continued</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Healthcare</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Option</B></TD><TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><B><U>Named Executive Officer</U></B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1px solid; text-align: center"><B>Qualifying Event</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Severance</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Benefits</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Vesting</B></TD><TD STYLE="padding-bottom: 1px; text-align: center"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Total</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 18%; text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top; background-color: #cceeff">John A. Scarlett, M.D.</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 52%; text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Covered Termination
    &ndash; No Change in Control<SUP>(1)</SUP></TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">1,617,720</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">$47,573</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">1,665,293</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Termination Without Cause or for
    Good Reason &ndash; With Change in Control<SUP>(2)(3)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">1,617,720</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">71,360</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">1,720,905</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Without Termination &ndash; With
    Change in Control<SUP>(3)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Death<SUP>(4) </SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Disability<SUP>(5)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">31,825</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt; vertical-align: top">Olivia K. Bloom</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt">Covered Termination &ndash; No Change
    in Control<SUP>(1)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">561,440</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: right">$26,420</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right">$</TD><TD STYLE="text-align: right">587,860</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt">Termination Without Cause or for
    Good Reason &ndash; With Change in Control<SUP>(2)(3)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">658,240</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">33,026</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">700,600</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt">Without Termination &ndash; With
    Change in Control<SUP>(3)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="">Death<SUP>(4) </SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right; text-indent: -10pt; padding-left: 10pt">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="">Disability<SUP>(5)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,334</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 56; Value: 39 -->
    <DIV STYLE="margin-top: 10pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><br><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 50%; font-family: Times New Roman, Times, Serif"><A HREF="#toc"><br>Table of Contents</A></TD><TD STYLE="text-align: right; width: 50%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Continued</B></TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Healthcare</B></TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="text-align: center"><B>Option</B></TD><TD><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><B>&nbsp;</B></TD><TD><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><B><U>Named Executive Officer</U></B></TD><TD STYLE="padding-bottom: 1px"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1px solid; text-align: center"><B>Qualifying Event</B></TD><TD STYLE="padding-bottom: 1px"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Severance</B></TD><TD STYLE="padding-bottom: 1px"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Benefits</B></TD><TD STYLE="padding-bottom: 1px"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Vesting</B></TD><TD STYLE="padding-bottom: 1px"><B>&nbsp;</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center"><B>Total</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 18%; text-align: left; vertical-align: top; background-color: #cceeff">Melissa A. Kelly Behrs</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 52%; text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Covered Termination &ndash; No Change in Control<SUP>(1)</SUP></TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">541,430</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">&nbsp;$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">41,103</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">&nbsp;$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="width: 2%; background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right; background-color: #cceeff">$</TD><TD STYLE="width: 1%; text-align: right; background-color: #cceeff">582,533</TD><TD STYLE="width: 2%; text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Termination Without Cause or for Good Reason &ndash; With Change in Control<SUP>(2)(3)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">634,780</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">51,378</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">693,158</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Without Termination &ndash; With Change in Control<SUP>(3)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Death<SUP>(4) </SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Disability<SUP>(5)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">7,000</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; ">
    <TD STYLE="text-align: left; vertical-align: top; ">Andrew J. Grethlein, Ph.D.</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; ">Covered Termination &ndash; No Change in Control<SUP>(1)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; ">&nbsp;$</TD><TD STYLE="text-align: right; ">583,045</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;$</TD><TD STYLE="text-align: right; ">36,348</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;$</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">$</TD><TD STYLE="text-align: right; ">619,393</TD><TD STYLE="text-align: left; ">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; ">
    <TD STYLE="text-align: left; vertical-align: top; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; ">Termination Without Cause or for Good Reason &ndash; With Change in Control<SUP>(2)(3)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; ">&nbsp;</TD><TD STYLE="text-align: right; ">683,570</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">45,435</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">736,005</TD><TD STYLE="text-align: left; ">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; ">
    <TD STYLE="text-align: left; vertical-align: top; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; ">Without Termination &ndash; With Change in Control<SUP>(3)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; ">&nbsp;</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; ">
    <TD STYLE="text-align: left; vertical-align: top; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; ">Death<SUP>(4) </SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; ">&nbsp;</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; ">
    <TD STYLE="text-align: left; vertical-align: top; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; ">Disability<SUP>(5)</SUP></TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; ">&nbsp;</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">&mdash;</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD><TD STYLE="">&nbsp;</TD>
    <TD STYLE="text-align: right; ">&nbsp;</TD><TD STYLE="text-align: right; ">7,000</TD><TD STYLE="text-align: left; ">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD><TD STYLE="background-color: White">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: right; background-color: White">&nbsp;</TD><TD STYLE="text-align: left; background-color: White">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">Stephen N. Rosenfield, J.D.</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Covered Termination &ndash; No Change in Control<SUP>(1)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;$</TD><TD STYLE="text-align: right; background-color: #cceeff">479,950</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;$</TD><TD STYLE="text-align: right; background-color: #cceeff">1,897</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;$</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">$</TD><TD STYLE="text-align: right; background-color: #cceeff">481,847</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Termination Without Cause or for Good Reason &ndash; With Change in Control<SUP>(2)(3)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">562,700</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">2,372</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">574,872</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Without Termination &ndash; With Change in Control<SUP>(3)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Death<SUP>(4) </SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left; vertical-align: top; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; background-color: #cceeff">Disability<SUP>(5)</SUP></TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">&mdash;</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD><TD STYLE="background-color: #cceeff">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #cceeff">&nbsp;</TD><TD STYLE="text-align: right; background-color: #cceeff">9,800</TD><TD STYLE="text-align: left; background-color: #cceeff">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent lump-sum severance payments, target annual incentive bonus and continued healthcare benefits that could be paid to a Named Executive Officer upon a Covered Termination as of December 30, 2016, not in connection with a change in control transaction. The amounts in this row do not include any value associated with the extension, if any, of the post-termination exercise period applicable to the Named Executive Officers&rsquo; stock options.&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent lump-sum severance payments, target annual incentive bonus, continued healthcare benefits and the intrinsic value of acceleration of unvested stock options, based on a market value of $2.07&nbsp; per&nbsp; share of Common Stock as of December 30, 2016, that could be paid to a Named Executive Officer under such Named Executive Officer&rsquo;s employment agreement and/or our Amended Severance Plan in the event of a Covered Termination or Change in Control Triggering Event on December 30, 2016, as applicable. Any payments made under a Named Executive Officer&rsquo;s employment agreement would be deducted from payments due under the Amended Severance Plan. The amounts in this row do not include any value associated with the extension, if any, of the post-termination exercise period applicable to the Named Executive Officers&rsquo; stock options.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent or include, as applicable, the intrinsic value of unvested stock options that would become fully vested and exercisable upon a change in control regardless of termination, based on a market value of $2.07 per share of Common Stock as of December 30, 2016. The amounts in this row do not include any value associated with the extension, if any, of the post-termination exercise period applicable to the Named Executive Officers&rsquo; stock options.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent or include, as applicable, the intrinsic value of unvested stock options that would become fully vested and exercisable upon a termination of service as a result of death, based on a market value of $2.07 per share of Common Stock as of December 30, 2016. The amounts in this row do not include any value associated with the extension, if any, of the post-termination exercise period applicable to the Named Executive Officers&rsquo; stock options.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Amounts represent or include, as applicable, the intrinsic value of unvested stock options that would become fully vested and exercisable upon a termination of service as a result of total and permanent disability (as defined in Section 22(e)(3) of the Internal Revenue Code), based on a market value of $2.07 per share of Common Stock as of December 30, 2016. The amounts in this row do not include any value associated with the extension, if any, of the post-termination exercise period applicable to the Named Executive Officers&rsquo; stock options.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

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    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a010"></A>PROPOSAL 3</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ADVISORY VOTE TO APPROVE THE FREQUENCY OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>HOLDING FUTURE ADVISORY VOTES ON EXECUTIVE
COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">At the 2011 Annual Meeting
of Stockholders, we requested that our stockholders indicate, on an advisory basis, the preferred frequency of the &ldquo;say-on-pay&rdquo;
vote. In response to stockholders&rsquo; preference for an annual vote, the Board approved a policy to hold a &ldquo;say-on-pay&rdquo;
advisory vote every year.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Section 951 of the Dodd-Frank
Wall Street Reform and Consumer Protection Act and Section 14A of the Exchange Act require a company to seek a non-binding, advisory
vote on the frequency of the &ldquo;say-on-pay&rdquo; vote at least once every six years. Accordingly, the Board is presenting
stockholders the opportunity to vote on whether they would prefer an advisory vote on executive compensation once every one, two
or three years.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Advisory Vote and Board Recommendation</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">After careful consideration
of the frequency alternatives, the Board continues to believe that conducting an advisory vote on executive compensation on an
<U>annual</U> basis is appropriate for Geron and its stockholders, and is therefore recommending that stockholders vote every year
as the preferred frequency for holding advisory votes on executive compensation. Stockholders are being asked to indicate their
own choice among the frequency options. You may cast your vote on your preferred voting frequency by choosing the option of one
year, two years, three years, or you may abstain from voting.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">While the Board believes
that its recommendation is appropriate at this time, our stockholders are not voting to approve or disapprove the Board&rsquo;s
recommendation, but are instead being asked to indicate their own choice as to whether the advisory vote on executive compensation
should be held every one, two or three years. The option, if any, among those choices that receives the votes of the holders of
a majority of the shares present or represented, in person or by proxy, at the Annual Meeting will be considered the frequency
approved by our stockholders. Abstentions will be counted towards the vote total, but will not be counted as a vote in favor of
any of the frequency options, and thus will have the effect of reducing the likelihood that any frequency option receives a majority
vote. Broker non-votes will have no effect on this proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Board and the Compensation
Committee value the opinions of the stockholders in this matter and, to the extent there is any significant vote in favor of one
frequency over the other options, even if less than a majority, the Board will consider the stockholders&rsquo; concerns and evaluate
any appropriate next steps. However, because this vote is advisory and, therefore, not binding on the Board or Geron, the Board
may decide that it is in the best interests of the stockholders that we hold an advisory vote on executive compensation more or
less frequently than the option preferred by the stockholders. The vote will not be construed to create or imply any change or
addition to the fiduciary duties of us or the Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>The Board of Directors Unanimously Recommends
That </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Stockholders Vote every &ldquo;1 YEAR&rdquo;
for Proposal 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B><A NAME="d318322a011"></A>PROPOSAL 4</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>RATIFICATION OF SELECTION OF </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Audit Committee of the
Board has selected Ernst &amp; Young LLP as our independent registered public accounting firm for the fiscal year ending December
31, 2017, and has further directed that management submit the selection of the independent registered public accounting firm for
ratification by our stockholders at the Annual Meeting. Ernst &amp; Young LLP has served as our independent registered public accounting
firm since 1992. Representatives of Ernst &amp; Young LLP are expected to be present at the Annual Meeting, will have an opportunity
to make a statement if they so desire, and will be available to respond to appropriate questions from stockholders.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">We have been informed by
Ernst &amp; Young LLP that, to the best of their knowledge, neither the firm nor any of its members or their associates has any
direct financial interest or material indirect financial interest in Geron or our affiliates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Stockholder ratification
of the selection of Ernst &amp; Young LLP as our independent registered public accounting firm is not required by our Bylaws or
otherwise. However, the Board is submitting the selection of Ernst &amp; Young LLP to our stockholders for ratification as a matter
of good corporate practice. If our stockholders fail to ratify the selection, the Audit Committee and the Board will reconsider
whether or not to retain that firm. Even if the selection is ratified, the Audit Committee and the Board in their discretion may
direct the appointment of a different independent registered public accounting firm at any time during the year if they determine
that such a change would be in the best interests of Geron and our stockholders.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Vote Required and Board Recommendation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">Stockholder ratification
of the selection of Ernst &amp; Young LLP as our independent registered public accounting firm requires the affirmative vote of
the holders of a majority of the shares present in person or represented by proxy at this meeting. Abstentions will have the same
effect as a vote against this proposal, and broker non-votes will have no effect on the outcome of this proposal.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Board of Directors Unanimously Recommends
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>That Stockholders Vote <U>FOR</U> Proposal
4</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a012"></A>PRINCIPAL ACCOUNTANT FEES AND SERVICES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Audit Committee maintains
policies and procedures for the pre-approval of work performed by the independent registered public accounting firm. Under the
Audit Committee&rsquo;s charter, all engagements of the independent registered public accounting firm must be approved in advance
by the Audit Committee. Management recommendations will be considered in connection with such engagements, but management will
have no authority to approve engagements. For each quarterly Audit Committee meeting, management prepares a schedule of all fees
paid to Ernst &amp; Young LLP during the previous quarter and estimated fees for projects contemplated in the following quarter.
The Chairperson of the Audit Committee must be notified at any time the fees for a specific project exceed 20% of the approved
budget for authorization to continue the project.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Audit Fees and All Other Fees</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt">The Audit Committee approved
100% of all audit and other services provided by Ernst &amp; Young LLP in 2016 and 2015. The total fees paid to Ernst &amp; Young
LLP for the last two fiscal years are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Fiscal
    Year Ended</B> <BR> <B>December 31, 2016</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"></FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Fiscal
    Year Ended</B> <BR> <B>December 31, 2015</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 76%">Audit Fees<SUP>(1) </SUP></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: right">$465,000</TD><TD STYLE="width: 4%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: right">$530,000</TD><TD STYLE="width: 4%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Audit Related Fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="text-align: left">Tax Fees</TD><TD></TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">All Other Fees<SUP>(2) </SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">940</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18pt; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Audit Fees include the integrated audit of annual financial
    statements and internal control over financial</FONT> <FONT STYLE="font-size: 10pt">reporting, reviews of quarterly financial
    statements included in Quarterly Reports on Forms 10-Q,</FONT> <FONT STYLE="font-size: 10pt">consultations on matters
    addressed during the audit or quarterly reviews, and services provided in connection with SEC filings, including consents and comment and comfort letters.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"></FONT> <FONT STYLE="font-size: 10pt">Amounts represent fees for access to Ernst &amp; Young&rsquo;s technical research portal.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a013"></A>AUDIT COMMITTEE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Audit Committee of Geron Corporation&rsquo;s
Board of Directors is comprised of three independent directors as required by the listing standards of NASDAQ. The Audit Committee
operates pursuant to a written charter adopted and amended by the Board in December 2016. A copy of the Audit Committee&rsquo;s
amended and restated charter is available on our website at www.geron.com.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The members of the Audit Committee are Ms. Eastham
(Chairperson), Dr. Lawlis and Mr. Bradbury. The Board has determined that all members of the Audit Committee are financially literate
as required by NASDAQ. The Board has also determined that Ms. Eastham and Mr. Bradbury are audit committee financial experts as
defined by NASDAQ.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The function of the Audit Committee is to assist
the Board in fulfilling its oversight responsibilities regarding:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 18pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18pt; text-align: left"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the quality and integrity of our financial statements, </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">our compliance with legal and regulatory requirements, </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the qualifications and independence of the independent registered public accounting firm serving as our auditors and </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the performance of the independent registered public accounting firm.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Management is responsible for Geron&rsquo;s internal
controls and financial reporting. The independent registered public accounting firm is responsible for performing an independent
audit of Geron&rsquo;s financial statements in accordance with generally accepted auditing standards and to issue a report thereon.
The Audit Committee&rsquo;s responsibility is to monitor and oversee these processes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">In this context, the Audit Committee hereby reports
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; text-align: justify; width: 18pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 18pt"><FONT STYLE="font-size: 10pt">1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">The Audit Committee has reviewed and discussed the audited financial statements of the Company as of and for the fiscal year ended December 31, 2016 with management and the independent registered public accounting firm serving as the Company&rsquo;s independent auditors.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">The Audit Committee has discussed with the independent auditors the matters required to be discussed by Auditing Standard No. 1301 (Communication with Audit Committees) as adopted by the Public Company Accounting Oversight Board, other professional standards, membership provisions of the SEC Practice Session, and other SEC rules, as currently in effect.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">The Audit Committee has received the written disclosures and the letter from the independent auditors required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent auditor&rsquo;s communications with the Audit Committee concerning independence, and has discussed with the independent auditors the independent auditor&rsquo;s independence.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">The Audit Committee has considered whether the independent auditor&rsquo;s provision of non-audit services to the Company is compatible with maintaining the independent auditor&rsquo;s independence.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Based on the reports and discussions described
above, the Audit Committee recommended to the Board that the audited financial statements be included in Geron&rsquo;s Annual Report
on Form 10-K for the year ended December 31, 2016, for filing with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Submitted on February 17, 2017 by the members
of the Audit Committee of Geron&rsquo;s Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 230pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 50%; text-align: justify"><FONT STYLE="font-size: 10pt">Karin Eastham (Chairperson)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">Daniel M. Bradbury</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">V. Bryan Lawlis, Ph.D.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: left"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 230pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>This Section is not &ldquo;soliciting material,&rdquo;
is not deemed &ldquo;filed&rdquo; with the SEC and is not to be incorporated by reference in any filing of the Company under the
Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, whether made before or after the date hereof
and irrespective of any general incorporation language in any such filing</I>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a014"></A>EQUITY COMPENSATION PLANS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt"><FONT STYLE="font-size: 10pt">The following table summarizes information
with respect to equity awards under Geron&rsquo;s equity compensation</FONT> <FONT STYLE="font-size: 10pt">plans at December 31,
2016:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 10pt; text-indent: -10pt; font: 8pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1px solid"><B>Number
    of</B> <BR> <B>securities to be</B> <BR> <B>issued upon exercise</B> <BR> <B>of outstanding</B> <BR> <B>options, warrants
    </B><BR> <B>and rights<SUP>(1)</SUP></B></TD><TD STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1px solid"><B>Weighted-average
    </B><BR> <B>exercise price </B><BR> <B>of outstanding</B> <BR> <B>options, warrants</B> <BR> <B>and rights</B></TD><TD STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: bold 8pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1px solid"><B>Number
    of securities</B> <BR> <B>remaining available for</B> <BR> <B>future issuance under</B> <BR> <B>equity compensation</B> <BR>
    <B>plans (excluding</B> <BR> <B>securities reflected</B> <BR> <B>in column (a))<SUP>(1)</SUP></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt"><B>(a)</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center"></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt"><B>(b)</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt"><B>(c)</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="width: 52%; text-align: left; padding-left: 10pt; text-indent: -10pt">Equity compensation plans approved by security holders</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">19,125,287</TD><TD STYLE="width: 5%; text-align: left"><SUP>(2)</SUP></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;$</TD><TD STYLE="width: 1%; text-align: right">3.15</TD><TD STYLE="width: 5%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">10,485,650</TD><TD STYLE="width: 5%; text-align: left"><SUP>(3)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt; text-indent: -10pt">Equity compensation plans not approved by security holders</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1px solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; padding-bottom: 1pt">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1px solid">&mdash;</TD><TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 10pt; text-indent: -10pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">19,125,287</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-bottom: 2.5pt">$</TD><TD STYLE="text-align: right; padding-bottom: 2.5pt">3.15</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">10,485,650</TD><TD STYLE="text-align: left; padding-bottom: 2.5pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18pt; text-align: left; vertical-align: top">(1)</TD>
    <TD STYLE="text-align: justify">The table does not include information regarding Geron&rsquo;s 401(k) Plan. The Geron 401(k)
    Plan permits us&nbsp;&nbsp;&nbsp;to make matching contributions on behalf of plan participants, which matching contributions
    can be made&nbsp;&nbsp;&nbsp;in Common Stock that vests ratably over four years for each year of service completed by the
    employee, commencing from the date of hire, until it is fully vested when the employee has completed four
    years of service. As of December 31, 2016, there were approximately 660,891 shares of Common Stock held in
    this plan.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">(2)</TD>
    <TD STYLE="text-align: justify">Consists of 872,494 shares to be issued upon exercise of outstanding options under the 2002
    Equity Incentive Plan, 17,390,918 shares to be issued upon exercise of outstanding options under the
    2011 Plan, and 861,875 shares to be issued upon exercise of outstanding options under the 2006
    Directors&rsquo; Plan.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">(3)</TD>
    <TD STYLE="text-align: justify">Consists of 915,115 shares of Common Stock available for issuance under the 2014 Employee
    Stock Purchase Plan, including an estimated 62,000 shares subject to purchase during the current offering period that commenced
    January 1, 2017 and ends on June 30, 2017, and 9,570,535 shares of Common Stock available for issuance under the 2011 Plan.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;&nbsp;&nbsp;<B><A NAME="d318322a015"></A>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The following table sets forth the amount and
percentage of the outstanding shares of Common Stock, which, according to the information supplied to us, are beneficially owned
by: (i) each person, or group of affiliated persons, who is known by us to be a beneficial owner of more than 5% of our outstanding
Common Stock, (ii) each of our directors and nominees for director, (iii) each of our Named Executive Officers and (iv) all current
directors and executive officers as a group. Unless otherwise indicated, the address for each of the stockholders in the table
below is c/o Geron Corporation, 149 Commonwealth Drive, Suite 2070, Menlo Park, CA 94025. Except for information based on Schedules
13G, as indicated in the footnotes, beneficial ownership is stated as of January 31, 2017.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1px solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt"><B>Beneficial Ownership<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="padding-bottom: 10pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"><font style="border-bottom:1px solid black"><B>Beneficial
    Owner</B></font></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1px solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt"><B>Number
    of<BR>
 Shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1px solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt"><B>Percent of<BR>
 Total</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif; width: 79%"><B>Directors/Nominees and Named
    Executive Officers:</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Daniel M. Bradbury<SUP>(2)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">328,638</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Karin Eastham<SUP>(3)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">289,547</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Hoyoung Huh, M.D., Ph.D.<SUP>(4)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">451,619</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">V. Bryan Lawlis, Ph.D.<SUP>(5)
    </SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">210,000</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Susan M. Molineaux, Ph.D.<SUP>(6)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">231,650</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Robert J. Spiegel, M.D., FACP<SUP>(7)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">258,739</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Melissa A. Kelly Behrs<SUP>(8)
    </SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">1,487,989</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Olivia K. Bloom<SUP>(9)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">1,369,376</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Andrew J. Grethlein, Ph.D.<SUP>(10)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">1,372,475</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">Stephen N. Rosenfield, J.D.<SUP>(11)
    </SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">1,568,832</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">*</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">John A. Scarlett, M.D.<SUP>(12)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">4,465,417</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">2.7</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">All directors and executive officers
    as a group (11 persons)<SUP>(13)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">12,034,282</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">7.1</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif"><B>5% Beneficial Holders:</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">FMR LLC<SUP>(14)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">23,709,425</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">14.9</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 20pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">245 Summer Street, Boston, MA
    02210</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">BlackRock, Inc.<SUP>(15)</SUP></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">11,881,291</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">7.5</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-left: 20pt; text-indent: -10pt; font: 10pt Times New Roman, Times, Serif">55 East 52<SUP>nd </SUP>Street,
    New York, NY 10055</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24pt; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Represents beneficial ownership of less than 1% of Common Stock.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Beneficial ownership is determined in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and the percentage of ownership of that person, shares of Common Stock exercisable pursuant to the exercise of options held by that person that are currently exercisable or exercisable within 60 days of January 31, 2017 are deemed outstanding. Such shares, however, are not deemed outstanding for the purpose of computing the percentage ownership of each other person. Applicable percentages are based on 159,158,636 shares outstanding on January 31, 2017, adjusted as required by rules promulgated by the SEC. The persons named in this table, to the best of our knowledge, have sole voting and investment power with respect to all shares of Common Stock shown as beneficially owned by them, subject to community property laws where applicable and except as indicated in the other footnotes to this table.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 142,776 shares held directly by Daniel M. Bradbury, 10,862 shares held by The Bradbury Family Trust and 175,000 shares issuable upon the exercise of outstanding options held by Mr. Bradbury exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 39,047 shares held directly by Karin Eastham and 250,500 shares issuable upon the exercise of outstanding options held by Ms. Eastham exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 119,119 shares held by Hoyoung Huh and 332,500 shares issuable upon the exercise of outstanding options held by Dr. Huh exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 210,000 shares issuable upon the exercise of outstanding options held by V. Bryan Lawlis exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 24pt; text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 56,650 shares held by the Molineaux Family Trust and 175,000 shares issuable upon the exercise of outstanding options held by Dr. Molineaux exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(7)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 48,739 shares held directly by Robert J. Spiegel and 210,000 shares issuable upon exercise of outstanding options held by Dr. Spiegel exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 123,614 shares held directly by Melissa A. Kelly Behrs and 1,364,375 shares issuable upon exercise of outstanding options held by Ms. Behrs exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(9)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 115,839 shares held directly by Olivia K. Bloom and 1,253,537 shares issuable upon the exercise of outstanding options held by Ms. Bloom exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(10)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 2,267 shares held directly by Andrew J. Grethlein and 1,370,208 shares issuable upon the exercise of outstanding options held by Dr. Grethlein exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 17,624 shares held directly by Stephen N. Rosenfield and 1,551,208 shares issuable upon the exercise of outstanding options held by Mr. Rosenfield exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(12)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of 125,000 shares held by the John A. Scarlett III 1999 Trust and 4,340,417 shares issuable upon exercise of outstanding options held by Dr. Scarlett exercisable within 60 days of January 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(13)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consists of shares beneficially owned by our current directors and executive officers as described in footnotes (2) through (12).</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(14)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The indicated ownership is based solely on a Schedule 13G/A filed with the SEC by FMR LLC (&ldquo;FMR&rdquo;) on February 14, 2017, reporting beneficial ownership as of December 31, 2016. The Schedule 13G/A filed by the reporting person provides information only as of December 31, 2016, and, consequently, the beneficial ownership of the above-mentioned reporting person may have changed between December 31, 2016 and January 31, 2017. FMR has sole voting power with respect to none of the shares and sole dispositive power with respect to all of the shares. FMR is the beneficial owner of 23,709,425 shares. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR, representing 49% of the voting power of FMR. The Johnson family group and all other Series B shareholders have entered into a shareholders&rsquo; voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders&rdquo; voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR. Neither FMR nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act (&ldquo;Fidelity Funds&rdquo;) advised by Fidelity Management &amp; Research Company, a wholly owned subsidiary of FMR, which power resides with the Fidelity Funds&rsquo; Boards of Trustees. Fidelity Management &amp; Research Company carries out the voting of the shares under written guidelines established by the Fidelity Funds&rsquo; Boards of Trustees.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(15)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The indicated ownership is based solely on a Schedule 13G/A filed with the SEC by BlackRock, Inc. (&ldquo;BlackRock&rdquo;) on January 24, 2017, reporting beneficial ownership as of December 31, 2016. The Schedule 13G/A filed by the reporting person provides information only as of December 31, 2016, and, consequently, the beneficial ownership of the above-mentioned reporting person may have changed between December 31, 2016 and January 31, 2017. BlackRock has sole voting power with respect to 11,605,454 shares and sole dispositive power with respect to all of the shares. BlackRock is the beneficial owner of 11,881,291 shares.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="d318322a016"></A><B>CERTAIN TRANSACTIONS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Certain Transactions With or Involving Related Persons</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">There has not been, nor is there currently proposed,
any transaction or series of similar transactions to which the Company was or is to be a party in which the amount involved exceeds
$120,000 and in which any current director, executive officer, holder of more than 5% of our Common Stock or any immediate family
member of any of the foregoing persons had or will have a direct or indirect material interest other than with respect to compensation
arrangements described under the sections entitled &ldquo;Executive Compensation Tables&rdquo; and &ldquo;Compensation of Directors.&rdquo;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Policies and Procedures</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Our Audit Committee is responsible for reviewing
and approving all related party transactions, which would include a transaction, arrangement or relationship (or any series of
similar transactions, arrangements or relationships) in which we and any &ldquo;related person&rdquo; are participants involving
an amount that exceeds $120,000, not including transactions involving compensation for services provided to Geron as an employee,
director, consultant or similar capacity by a related person. Related parties include any of our directors or executive officers,
certain of our stockholders and their immediate family members. This obligation is set forth in writing in the Audit Committee
charter. A copy of the Audit Committee charter is available on the Corporate Governance page under the Investor Relations section
of our website at www.geron.com.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Where a transaction has been identified as a
related-person transaction, management would present information regarding the proposed related-person transaction to the Audit
Committee (or, where Audit Committee approval would be inappropriate, to another independent body of the Board) for consideration
and approval or ratification. The presentation would include a description of, among other things, the material facts, the interests,
direct and indirect, of the related persons, the benefits to Geron of the transaction and whether any alternative transactions
were available. To identify related-person transactions in advance, the Audit Committee relies on information supplied by Geron&rsquo;s
executive officers and directors. In considering related-person transactions, the Audit Committee takes into account the relevant
available facts and circumstances including, but not limited to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 18pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18pt; text-align: left"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the risks, costs and benefits to Geron; </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the impact on a director&rsquo;s independence in the event the related person is a director, immediate family member of a director or an entity with which a director is affiliated; </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the terms of the transaction; </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the availability of other sources for comparable services or products; and </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-size: 10pt">(v)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-size: 10pt">the terms available to or from, as the case may be, unrelated third parties or to or from employees generally.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">In the event a director has an interest in the
proposed transaction, the director must recuse himself or herself from the deliberations and approval. In determining whether to
approve, ratify or reject a related-person transaction, the Audit Committee considers, in light of known circumstances, whether
the transaction is in, or is not inconsistent with, the best interests of Geron and our stockholders, as the Audit Committee determines
in the good faith exercise of its discretion.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="d318322a017"></A>OTHER MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 16(a) Beneficial Ownership Reporting Compliance</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Section 16(a) of the Exchange Act requires our
directors and executive officers, and persons who beneficially own more than 10% of a registered class of our equity securities
(collectively, &ldquo;Reporting Persons&rdquo;), to file with the SEC initial reports of ownership and reports of changes in ownership
of Geron Common Stock and other equity securities. Reporting Persons are required by SEC regulations to furnish us with copies
of all Section 16(a) forms they file.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">To our knowledge, based solely upon a review
of the copies of such reports furnished to us and written representations from such directors, executive officers and stockholders
that no other reports were required, we believe that during fiscal year ended December 31, 2016, all Reporting Persons complied
with the applicable Section 16(a) reporting requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Stockholder Nominations and Proposals for 2018 Annual Meeting</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">We expect to hold our 2018 Annual Meeting of
Stockholders in May 2018. All proposals or director nominations by stockholders intended to be presented at the 2018 Annual Meeting
of Stockholders must be directed to the attention of our Corporate Secretary, at the address set forth on the first page of this
Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">To be considered for inclusion in next year&rsquo;s
proxy materials, your proposal must be submitted in writing by November 28, 2017, to our Corporate Secretary at Geron Corporation,
149 Commonwealth Drive, Suite 2070, Menlo Park, California, 94025, and must comply with all applicable requirements of Rule 14a-8
promulgated under the Exchange Act. However, if our 2018 Annual Meeting of Stockholders is not held between April 9, 2018 and June
8, 2018, then the deadline will be a reasonable time prior to the time we begin to print and send our proxy materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">If you wish to bring a proposal before the stockholders
or nominate a director at the 2018 Annual Meeting of Stockholders, but you are not requesting that your proposal or nomination
be included in next year&rsquo;s proxy materials, you must notify our Corporate Secretary, in writing, not earlier than the close
of business on January 9, 2018 and not later than the close of business on February 8, 2018. However, if the 2018 Annual Meeting
of Stockholders is not held between April 9, 2018 and June 8, 2018, the notice must be delivered no later than the 90<SUP>th </SUP>day
prior to the 2018 Annual Meeting of Stockholders or, if later, the 10<SUP>th </SUP>day following the day on which public disclosure
of the date of the 2018 Annual Meeting of Stockholders is made. In addition, our Bylaws provide that the stockholder&rsquo;s notice
must include certain information for the person making the proposal or the nomination for director, including:</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 18pt; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 18pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">name and address; </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">the class and number of
    shares of the Company, owned of record or beneficially owned; </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">any derivative, swap or
    other transaction which gives economic risk similar to ownership of shares of the Company; </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">any proxy, agreement, arrangement,
    understanding or relationship that confers a right to vote any shares of the Company; </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">any agreement, arrangement,
    understanding or relationship, engaged in to increase or decrease the level of risk related to, the voting power with respect
    to, and certain other arrangements or agreements with respect to, shares of the Company; </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">any performance-related
    fees that the proposing/nominating person is entitled, based on any increase or decrease in the value of any shares of the
    Company; and </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&bull;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">any other information required
    by the SEC to be disclosed in a proxy statement or certain other filings. The stockholder&rsquo;s notice must also include
    information for each proposed director nominee, including:</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 36pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 18pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">the same information as for the nominating
        person set forth above;</P>

</TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 36pt; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 18pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top">-</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: justify">all information
    required to be disclosed in a proxy statement in connection with election of directors; and </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; vertical-align: top">-</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif">financial or other relationships
    between the nominating person and the nominee during the past three years.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Copies of our Bylaws may be obtained from our Corporate Secretary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Director Nominees Recommended by Stockholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Nominating and Corporate Governance Committee,
to date, has not adopted a formal policy with regard to the consideration of director candidates recommended by stockholders and
will consider director candidates recommended by stockholders on a case-by-case basis, as appropriate. Stockholders who wish to
recommend individuals for consideration by the Nominating and Corporate Governance Committee should send written notice to the
Nominating and Corporate Governance Committee Chairman, Geron Corporation, 149 Commonwealth Drive, Suite 2070, Menlo Park, CA 94025,
within the time periods set forth above. Such notification should set forth all information relating to such nominee as is required
to be disclosed in solicitations of proxies for elections of directors pursuant to Regulation 14A under the Exchange Act, including
such person&rsquo;s written consent to being named in a proxy statement as a nominee and to serving as a director if elected, the
name and address of such stockholder or beneficial owner on whose behalf the nomination is being made, the class and number of
shares of the Company owned beneficially and of record by such stockholder or beneficial owner, and all information regarding the
nominee that would be required to be included in the Company&rsquo;s proxy statement by the rules of the SEC, including the nominee&rsquo;s
age, business experience for the past five years and any directorships held by the nominee during the past five years. The Nominating
and Corporate Governance Committee does not intend to alter the manner in which it evaluates candidates based on whether the candidate
was recommended by a stockholder or not.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Director Qualifications</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Nominating and Corporate Governance Committee
believes that nominees for election to the Board must possess certain minimum qualifications and attributes. The nominee:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 18pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&bull;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">must meet the objective independence requirements
    set forth by the SEC and NASDAQ, </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&bull;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">must exhibit strong personal integrity, character
    and ethics, and a commitment to ethical business and accounting practices, </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&bull;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">must not be involved in on-going litigation with
    the Company or be employed by an entity which is engaged in such litigation and </TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&bull;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">must not be the subject of any on-going criminal
    investigations, including investigations for fraud or financial misconduct.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">In addition, the Nominating and Corporate Governance Committee may
consider the following criteria, among others:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 18pt">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 18pt; vertical-align: top"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">experience in corporate management, such as serving as an officer or former officer of a publicly held company, and a general understanding of marketing, finance and other elements relevant to the success of a publicly traded company in today&rsquo;s business environment; </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">experience in our industry and with relevant social policy concerns; </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">experience as a board member of other publicly held companies; </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">expertise in an area of our operations; and </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-size: 10pt">(v)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">practical and mature business judgment, including the ability to make independent analytical inquiries.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">The Nominating and Corporate Governance Committee
does not specifically consider diversity in identifying nominees for election as a director. However, specific experience or expertise
that could assist Geron in developing our clinical product opportunity provides added value and insight to the Board. In general,
the Nominating and Corporate Governance Committee aspires the Board to be comprised of individuals that represent a diversity</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">of professional experiences and perspectives and who portray characteristics
of diligence, commitment, mutual respect and professionalism with an emphasis on consensus building. The Board does not follow
any ratio or formula to determine the appropriate mix. Rather, it uses its judgment to identify nominees whose backgrounds, attributes
and experiences, taken as a whole, will contribute to the high standards of board service at Geron.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Directors are expected to rigorously prepare
for, attend and participate in Board meetings and meetings of the Committees of the Board on which they serve, to ask direct questions
and require straight answers, and to spend the time needed and meet as frequently as necessary to properly discharge their responsibilities
and duties as directors. Each Board member is expected to ensure that other existing and planned future commitments do not materially
interfere with the member&rsquo;s service as an outstanding director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>General</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt; text-align: justify">Your proxy is solicited on behalf of our Board
of Directors. Unless otherwise directed, proxies will be voted at the Annual Meeting (or an adjournment or postponement thereof),
&ldquo;FOR&rdquo; all of the nominees listed in Proposal 1 and &ldquo;FOR&rdquo; Proposals 2 and 4, and every &ldquo;1 YEAR&rdquo;
for Proposal 3. If any matter other than those described in this Proxy Statement were to be properly submitted for a vote at the
Annual Meeting, or with respect to any adjournment or postponement thereof, the proxy holders appointed by the Board will have
the discretion to vote on those matters for you as they see fit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">By Order of the Board of Directors,</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;<IMG SRC="geron3183221-def14a66x1.jpg" ALT=""></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 50%"><FONT STYLE="font-size: 10pt">Stephen N. Rosenfield</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>Executive Vice President, General Counsel </I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>and Corporate Secretary</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">March 24, 2017</P>

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    <!-- Field: /Page -->
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 100pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="geron3183221-def14a67x1.jpg" ALT=""></P>
<P STYLE="font: 100pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
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<DIV STYLE="float: left; position: relative; width: 48%">
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; padding-left: 18pt"><IMG SRC="geron3183221-def14ax1.jpg" ALT=""></p>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 20pt"><B><I></I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; padding-left: 18pt"><B><I>GERON CORPORATION</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; padding-left: 18pt"><B><I>C/O COMPUTERSHARE</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; padding-left: 18pt"><B><I>8742 LUCENT BLVD., SUITE 225</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; padding-left: 18pt"><B><I>HIGHLANDS RANCH, CO 80129</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 20pt"><B><I></I></B></P>

<P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

</DIV>

<DIV STYLE="float: right; position: relative; width: 48%; font-size: 7pt">



<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>VOTE BY INTERNET - <U>www.proxyvote.com</U></B></P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Use the Internet to transmit your voting instructions and for
electronic delivery of information up until 11:59 p.m. Eastern Time the day before the cut-off date or meeting date. Have your
proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic
voting instruction form.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS</B></P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">If you would like to reduce the costs incurred by our company
in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically
via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet
and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>VOTE BY PHONE - 1-800-690-6903</B></P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Use any touch-tone telephone to transmit your voting instructions
up until 11:59 p.m. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when you call and
then follow the instructions.</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0"><B>VOTE BY MAIL</B></P>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0; text-align: justify">Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return
it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.</P>

<P STYLE="margin: 100pt 0 0; font: 8pt Arial, Helvetica, Sans-Serif"><BR CLEAR="ALL">&nbsp;</P>
</DIV>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 7pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0 0 6pt; color: #231F20; text-indent: 0"><P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: <FONT STYLE="font-family: Wingdings">x</FONT></P>




</TD>
    <TD STYLE="padding: 0 2pt 0 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2px dashed; padding: 0; color: #231F20; text-indent: 0; text-align: right; vertical-align: bottom"><FONT STYLE="color: #231F20"></FONT>

<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">E18532-P86325</P>

<FONT STYLE="color: #231F20"></FONT></TD>
    <TD STYLE="border-bottom: Black 2px dashed; padding: 0 2pt 0 0; color: #231F20; text-align: right; text-indent: 0"><FONT STYLE="color: #231F20">KEEP THIS PORTION FOR YOUR RECORDS</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0; font-weight: bold; color: #231F20; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0 2pt 0 0; color: #231F20; text-align: right; text-indent: 0"><FONT STYLE="color: #231F20">DETACH AND RETURN THIS PORTION ONLY</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 3pt; font: 8pt Arial, Helvetica, Sans-Serif"><FONT STYLE="color: #231F20"><B>THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 7pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom; font: 3pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid; border-top: Black 2px solid; font-size: 3pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font: 3pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-top: Black 2px solid; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-top: Black 2px solid; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-top: Black 2px solid; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 3pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-top: Black 2px solid; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 2px solid; font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 3pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-top: Black 2px solid; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid; font-size: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="6" STYLE="border-left: Black 2px solid; text-align: left; vertical-align: top; padding-left: 2pt; font-size: 8pt"><B>GERON CORPORATION</B></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt"><B>For</B><BR>
    <B>All</B></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>Withhold</B><BR>
    <B>All</B></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt"><B>For
    All</B><BR>
    <B>Except</B></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">To withhold authority
    to vote for any individual nominee(s), mark &ldquo;For All Except&rdquo; and write the</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify; padding-right: 10pt"><B>The Board of Directors
recommends you vote FOR the following:</B></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt"></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt"></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: justify; font: 7pt Arial, Helvetica, Sans-Serif">number(s) of the
    nominee(s) on the line below.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; border-top: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; border-top: Black 2px solid; border-right: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 5pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid; font-size: 5pt; width: 3%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 3%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 1%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 16%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 2%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 12%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt; width: 4%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; width: 2%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt; width: 2%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 5pt Arial, Helvetica, Sans-Serif; width: 7%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 20%"></TD>
    <TD STYLE="width: 6%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; width: 6%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; width: 3%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; width: 3%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; width: 1%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; border-right: Black 2px solid; width: 2%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 5pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt; width: 5%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; font-size: 5pt; width: 2%"><FONT STYLE="font: 3pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: left; font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif">1.</TD>
    <TD COLSPAN="4" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 10pt">To elect the three
    nominees for director named in the accompanying proxy statement, or the Proxy Statement, to hold office as Class III members
    of the Board of Directors until the 2020 annual meeting of stockholders.</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding-left: 2pt; padding-right: 2pt; text-align: center"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding-right: 2pt; padding-left: 2pt; text-align: center"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding-right: 10pt; padding-left: 2pt; text-align: center"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; border-top: Black 2px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; border-right: Black 2px solid; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-top: 3pt; padding-bottom: 3pt"><B>Nominees:</B></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding: 3pt 2pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding: 3pt 2pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding: 3pt 10pt 3pt 2pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding: 3pt 2pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding: 3pt 2pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; padding: 3pt 2pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">01)&nbsp;&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt"><P STYLE="margin: 0pt 0">Karin Eastham</P>




</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">02)</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt"><P STYLE="margin: 0pt 0">V. Bryan Lawlis, Ph.D.</P>

</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">03)</TD>


    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">Susan M. Molineaux, Ph.D.</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify"><B>The Board of Directors
    recommends you vote FOR the following proposal:</B></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>For</B></TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>Against</B></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>Abstain</B></TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">2.</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><P STYLE="margin: 0pt 0">To approve, on an advisory basis, the compensation of the Company&rsquo;s named executive officers, as disclosed
in the accompanying Proxy Statement.</P>


</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><B>The Board of Directors recommends you vote 1 YEAR on the following proposal:</B></TD>
    <TD STYLE="text-align: center; vertical-align: top"><B>1 Year</B></TD>
    <TD NOWRAP STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><P STYLE="margin-top: 0pt; margin-bottom: 0pt"><B>2
                                         Years</B></P>




</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><P STYLE="margin-top: 0pt; margin-bottom: 0pt"><B>3
                                         Years</B></P>




</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><P STYLE="margin-top: 0pt; margin-bottom: 0pt"><B>Abstain</B></P>

<P STYLE="margin: 0pt 0"></P>


</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">3.</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">To approve, on an advisory basis, the frequency of holding future advisory votes on executive compensation.</TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><B>The Board of Directors recommends you vote FOR the following proposal:</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>For</B>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>Against</B></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><B>Abstain</B></TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">4.</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">To ratify the
    selection     of Ernst &amp; Young LLP as the Company&rsquo;s independent registered public accounting firm for the fiscal year
    ending December 31, 2017.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><P STYLE="margin: 0pt 0 0pt 24pt; text-indent: -24pt"><B>NOTE:</B> <FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif">In their discretion, the proxies are authorized to vote on such other matters as may come before the meeting and any adjournment(s) or postponement(s)</FONT> thereof.</P>

</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
   <TD COLSPAN="11" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><P STYLE="margin: 0pt 0 0pt 24pt; text-indent: -24pt"><B>NOTE:</B> This proxy should be marked, dated and signed by the stockholder(s) exactly as his or her name appear(s) hereon, and returned in the enclosed envelope.</P>

</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by an authorized officer.</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font: 2pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid; font-size: 2pt">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-left: 2pt; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 2pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 2pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 2pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 2pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; padding-right: 2pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid; font-size: 2pt">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 7pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="width: 3%; border-left: Black 2px solid">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt; width: 15%">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; padding-left: 2pt; width: 7%">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; width: 3%">&nbsp;</TD>
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    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; border-bottom: Black 2px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-right: Black 1px solid; border-bottom: Black 2px solid; border-left: Black 1px solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
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<TR STYLE="vertical-align: bottom; font: 7pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-left: Black 2px solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Signature [PLEASE SIGN WITHIN BOX]</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Date</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left; font: 7pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Signature (Joint
Owners)</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: top">Date</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-right: Black 2px solid">&nbsp;</TD></TR>
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    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-bottom: Black 2px solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-bottom: Black 2px solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: top; border-bottom: Black 2px solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; font: 7pt Arial, Helvetica, Sans-Serif; text-align: right">V.1.1</P>

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<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><br><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 50%; font-family: Times New Roman, Times, Serif"><A HREF="#toc"><br>Table of Contents</A></TD><TD STYLE="text-align: right; width: 50%"><PAGE></PAGE></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="margin: 0; font-size: 150pt">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Important Notice Regarding the Availability
of Proxy Materials for the Annual Meeting:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">The Letter to Stockholders, Notice and 2017
Proxy Statement, and 2016 Annual Report on Form 10-K are available at <U>www.proxyvote.com</U>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><U></U></P>

<P STYLE="margin: 0; font-size: 150pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="width: 100%; padding: 0.75pt; font: 12pt Times New Roman, Times, Serif; border-bottom: Black 2px dashed">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 7pt Times New Roman, Times, Serif; padding-top: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">E18533-P86325</FONT></TD></TR>
</TABLE>
<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<DIV STYLE="border: Black 2px solid">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</B></Font></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>GERON CORPORATION</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2017 ANNUAL MEETING OF STOCKHOLDERS</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B>TO BE HELD ON MAY 9, 2017</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: left; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10pt; text-align: justify">The undersigned stockholder of Geron Corporation, a Delaware corporation (the &ldquo;Company&rdquo;), hereby
acknowledges receipt of the Notice of Annual Meeting of Stockholders and Proxy Statement, each dated March 24, 2017, and hereby appoints
John A. Scarlett, M.D., and Stephen N. Rosenfield J.D., or either of them, as proxies and attorneys-in-fact with full power to each
of substitution, on behalf and in the name of the undersigned to represent the undersigned at the 2017 Annual Meeting of Stockholders of Geron
Corporation to be held on May 9, 2017, at 4:00 p.m. Pacific Daylight Time at the Company&rsquo;s offices located at 149 Commonwealth Drive,
Menlo Park, California 94025 and at any adjournment(s) or postponement(s) thereof, and to vote all shares of Common Stock that
the undersigned would be entitled to vote if then and there personally present, on the matters set forth on the reverse side,
and in their discretion, upon such other matter or matters that may properly come before the meeting and any adjournment(s) or postponement(s)
thereof.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10pt; text-align: justify"><B>This proxy will be voted as directed
or, if no contrary direction is indicated, will be voted as follows:</B></p>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Arial, Helvetica, Sans-Serif">

<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10pt">&nbsp;</TD>
    <TD STYLE="width: 18pt; font-size: 12pt">&bull;</TD>

    <TD STYLE="text-align: justify; padding-right: 10pt"><B>&ldquo;FOR&rdquo; the election of the three nominees for director named
    in the accompanying Proxy Statement to hold office as Class III members of the Board of Directors until the 2020 annual meeting
    of stockholders;</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&bull;</TD>
    <TD STYLE="text-align: justify; padding-right: 10pt"><B>&ldquo;FOR&rdquo; proposal 2, to approve, on an advisory basis, the
    compensation of the Company&rsquo;s named executive officers, as disclosed in the accompanying Proxy Statement;</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&bull;</TD>
    <TD STYLE="text-align: justify; padding-right: 10pt"><B>Every &ldquo;ONE YEAR&rdquo; with regard to proposal 3, the advisory
    vote to approve the frequency of holding future advisory votes on executive compensation;</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 12pt">&bull;</TD>
    <TD STYLE="text-align: justify; padding-right: 10pt"><B>&ldquo;FOR&rdquo; proposal 4, to ratify the selection by the Audit Committee of the Board of Directors
    of Ernst &amp; Young LLP as the Company&rsquo;s independent registered public accounting firm for the fiscal year ending December
    31, 2017;</B></TD></TR>
</TABLE>




<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10pt; text-align: justify"><B>and as said proxies deem advisable
on such other matters as may come before the meeting and any adjournment(s) or postponement(s) thereof.</B></P>

<P STYLE="font: 15pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>(CONTINUED AND TO BE SIGNED ON REVERSE
SIDE)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

</div>

<P STYLE="font: 3pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">V.1.1</P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
