EFTA02438704.pdf

To: JEFFREY EPSTEIN[[email protected]] From: TOMMY MOTTOLA Sent: Sat 10/24/2009 2:06:26 PM Subject: Fwd: <no subject> Jeffrey..this is more info. from Catterton.Ill call you at home later today..thx TM Begin forwarded message: From: Tommy Mottola Date: October 24, 2009 10:02:59 AM EDT To: Office 2004 Test Drive User Subject: <no subject> Forwarded Message From: < Reply-To: Date: Sat, 24 Oct 2009 13:53:31 +0000 To: Tommy Mottola Subject: Re: Potential value There is a chart with #'s on bottom that may have not come out in text. One Natural Experience (O.N.E.) Overview• Ample growth capital: O.N.E. has a $16 million growth capital investment commitment from Catterton Growth Partners and Pepsi BottlingGroup (PBG) with the first tranche of funding already invested in the Company• Distribution muscle: With the strength of the PBG partnership and distribution agreement already in place, O.N.E. is well-positioned torapidly expand distribution through PBG's national distribution network starting with its launch in Los Angeles and Miami• Differentiated supply lines to scale: O.N.E. has secured scalable access to supply through its secured relationship with Brazilian-basedAmacoco, largest coconut water supplier recently acquired by PepsiCo. In addition, has an exclusive North American agreement with the largestproducer in Indonesia.• Strong international interest: The Company has tremendous upside expansion potential given strong interest from large international strategicplayers• Stellar market performance: In a matter of three weeks, original coconut water product already highest performing SW than any other PBGproduct in initial launch markets (outselling EFTA_R1_01512013 EFTA02438704  Starbucks, Muscle Milk); #1 performing product in the alternative beverage category at WholeFoods (which includes ready-to-drink tea, energy drinks)CattertonPBGUpsideUpside +CaseCaseCaseInt'l Case2013 Gross Sales$96,621,328$124,000,000$200,000,000$400,000,000Exit multiple (LTM sales)2.50x2.50x2.50x2.50xEquity Value (assume no cash/debt)$241,553,321$310,000,000$500,000,000$1,000,000,000Les s: Distribution Payment19,324,26624,800,00040,000,00080,000,000Remaining Equity Value222,229,055285,200,000460,000,000920,000,000Less: Liquidation Preferences and Div's23,699,77223,699,77223,699,77223,699,772Remaining Equity Value$198,529,283$261,500,228$436,300,228$896,300,228Value of 50 bps$992,646$1,307,501$2,181,501$4,481,501 Sent from my Verizon Wireless BlackBerry From: Tommy Mottola < Date: Sat, 24 Oct 2009 09:00:21 -0400 To: Joanne Oriti< Subject: FW: Potential value See if u can open & cut paste for me pls Forwarded Message From: "Farello, Michael" Date: Sat, 24 Oct 2009 07:36:22 -0400 To: Tommy Mottola Conversation: Potentia va ue Subject: RE: Potential value Michael Farello Partner I Catterton Partners I www.cueauity.com <http://www.cpequity.com> From: Tommy Mottola [mailto Sent: Saturday, October 24, 2009 12:34 AM To: Farello, Michael Subject: Re: Potential value EFTA_R1_01512014 EFTA02438705 Michael..could you pls. send attachment in a pdf..cannot open the way it is..thx... TM On 10/23/09 9:53 PM, "Farello, Michael" > wrote: Tommy, I remain hopeful that this will work, but also recognize that we have limited flexibility in this situation given our partnership with PBG and that the upside may not be enough for you. I have shown four scenarios in the attachment, ranging from Catterton's minimum underwriting (base case) to PBG's base case to two upside scenarios we all believe are possible. The estimated range of outcomes for the four scenarios implies the 50 bps would be worth between $1 million and $4.5 million. Michael Farello Partner I Catterton Partners 1203.862.5485 www.cpeouitv.com <http://www.cpeouitv.com> End of Forwarded Message End of Forwarded Message EFTA_R1_01512015 EFTA02438706