EFTA01804824.pdf

From: Joshua M. Black Sent: Friday, December 4, 2015 8:08 PM To: [email protected]*; Cc: Chelsie Biegel Subject: Re: FW: FW: Crown Global CIM Great -filet me know when good next week. Thx From: Jeffrey E. [mailto:[email protected] Sent: Friday, December 04, 2015 03:01PM To: Joshua M. Black; Subject: Re: FW: FW: Crown Global CIM would you like to talk to these guys, they are usally quite creative in the insurance space if so scan organze On Fri, Dec 4, 2015 at 2:25 PM, Joshua M. Black wrote: Hey there. Thanks for sending this. Went through this — On surface of it, is very interesting model; would be great to have a meeting.... That said, lot of questions / diligence to do, including on: o Business model o Financials / historical performance o Regulatory / tax / other structuring o Management o Risk management and reinsurance program o Scalability of assets / the PPLI market o Control and governance EFTA_R1_00150606 EFTA01804824 o HoldCo fee allocations o AM Best rating o Historical liquidity / cash burn o AUM withdrawals / policy cancellations When do they want initial proposal by? • What are their valuation expectations? o My quick read says it deserves: * Legacy business: $10-1Sm, with a large earn-out component * Capital for new business: $5-10m (but need to understand capital intensity of business better) Thanks. From: Melanie Spinella Sent: Tuesday, December 01, 2015 9:53 AM To: Joshua M. Black Subject: FW: FW: Crown Global CIM From: jeffrey E. [mailto:[email protected] Sent: Tuesday, December 01, 2015 9:50 AM To: Melanie Spinella Subject: Fwd: FW: Crown Global CIM pass on to josh black thanks Forwarded message From: Chris Calise 2 EFTA_R1_00150607 EFTA01804825  Date: Tue, Dec 1, 2015 at 10:46 AM Subject: FW: Crown Global CIM To: "[email protected] <mailto:[email protected]> " <[email protected] <[email protected]» Cc: Perry Lerner Jeffrey- Attached is a description of our company prepared earlier this year, the financials need to be updated to reflect growth since then. The important point is that a foreign corporation (which is not a controlled foreign corporation) which owns 25% or more of our shares will be treated as an insurance company for PFIC purposes and its income is not subject to current US income taxation. Please let us know when you would like to set up a meeting to discuss. Thanks Chris Calise President Crown Global Office • Mobile: Email This message (and any associated files) is intended only for the use of the individual or entity to which it is addressed and may contain information that is confidential, subject to copyright or constitutes a trade secret. If you are not the intended recipient, you are hereby notified that any dissemination, copying or distribution of this message, or files associated with this message, is strictly prohibited. Any U.S Federal Tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (2) promoting, marketing or recommending to another party any tax-related matter(s) addressed herein. Prospective investors should consult their own tax advisors regarding such issues. 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From: Monica Greene Date: Monday, November 30, 2015 at 5:02 PM To: Chris Calise Subject: Crown Global CIM CIM attached, password is Monica Rodriguez Greene Consultant Vanbridge LLC I New York, NY 10036 T: I C: <http://vanbridge.comk This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. This message contains confidential information and is intended only for the individual named. If you are not the named addressee, you should not disseminate, distribute or copy this email. Please notify the sender immediately by email if you have received this email by mistake and delete this email from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no 4 EFTA_R1_00150609 EFTA01804827 liability for any damage caused by any virus transmitted by this email. Although the company has taken reasonable precautions to ensure no viruses are present in this email, the company cannot accept responsibility for any loss or damage arising from the use of this email. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC 5 EFTA_R1_00150610 EFTA01804828