EFTA01904743.pdf

To: [email protected][[email protected]] From: Todd Meister Sent: Thur 2/14/2013 9:12:05 PM Subject: Fwd: Manwin CEO's arrest Sec below Sent from my iPhonc Begin forwarded message: From: William Wilson Date: February 14 ", t 1 VC To: Todd Meister Subject: Manwin arrest Todd — some follow up points to our conversation today about the arrest of Fabian Thylman of Manwin (Playboy) and its implications for our guys: • Fundamentally we are in a different business from Manwin. We are a pipe (social networking, cams); he is an adult content owner and distributor through his Tube businesses • We are a US company, audited, registrant with the SEC, our CEO and CFO sign SARBOX reports, we comply with all applicable law and regulation (e.g. "2257" record keeping as well as best practices (we never sell subscriber emails or other identifiers, we scrub every profile that we put up to make sure it's real, we have automated software that constantly scan the sites for illegal/objectionable material)) • We pay our taxes (although the prior owner of the business didn't pay VAT in Europe prior to us buying the business; our public filings show how much time and money we have spent cleaning that up) • There has never been any suggestion that we engage in, promote, or willfully ignore evidence of illegal activities on our websites — very different from bac kpage.com • We keep a low profile— unlike Fabian, who took a very high profile stance on "barebacking" (use of condoms by actors) in the industry Hope that's helpful, WW William Wilson Managing Director CRT Capital Markets 262 Harbor Drive Stamford, CT 06902 EFTA_R1_00336801 EFTA01904743  [email protected] Any correspondence relating to regulated securities products or services will be deemed to be sent by, addressed to, or related to the activities of CRT Capital Group LLC, a registered broker-dealer. Any correspondence relating to trade claims will be deemed to be sent by, addressed to, or related to the activities of CRT Special Investments LLC, an affiliate of CRT Capital Group LLC. This e-mail is subject to terms available at the following link: httn://www.crtlIc.comidisclosures cmail.aspx EFTA_R1_00336802 EFTA01904744