From: Jeffrey Epstein <jeevacation@gmail.com>
Sent: Friday, December 4, 2015 8:31 PM
To:
Subject: Re: Josh Black
no just let him
On Fri, Dec 4, 2015 at 3:10 PM, Groff < » wrote:
Do you want Josh to join your schedul=d call w/them on Monday Nov. 7th at 3pm EST?
Begin =orwarded message:
From: =span styIe="font-family:'Helvetica'">"Joshua M. Black"=<
Subject: Re: FW: FW: Crown Global CIM
<=div>
Date: D=cember 4, 2015 at 3:08:03 PM EST
To: leevacation@gmail.com <mailto:jeev=cation@gmail.com> 1" &=t;jeevacation@g=ail.com
<mailto:jeevacation@gmail.com», '
<=div>
Cc: Che=sie Biegel <c=iegel@ApolloLP.com <mailto:cbiegel@ApolloLP.com»
Great - let me know when good next week. =hx
From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.co=> [
Sent: Friday, December 04, 2015 03:01 PM
To: Joshua M. Black; Groff < >>
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
can organz=
On Fri, Dec 4, 2015 at 2:25 PM, Joshua M. Black =span dir="ltr"> <
» wrote:
EFTA_R1_00006834
EFTA01733137
Hey there. Thanks fo= sending this.
Went through this —
• class="MsoNormal">
*=C2* On surface of it, is=very interesting model; would be great to have a meeting....<=>
<=p>
"=A0 That said, lot of qu=stions / diligence to do, including on:
o Business model
o Financials / histori=al performance
<=u>o=C24, Regulatory / tax / o=her structuring
qu>o=C2410 Management=/u>
o Risk management and =einsurance program
=u>o Control and governan=e
o HoldCo fee allocatio=s
o AM Best rating
o Historical liquidity=/ cash burn
=span style="font-size:11.0pt;font-family:"Courier New";color:#=f497d"x4=A0 AUM
withdrawals / po=icy cancellations
<=pan style="font-size:11.0pt;font-family:"Calibri","sans-s=rif";colorllf497d">
• =C240 When do they want in=tial proposal by?
What are their valua=ion expectations?
caoMy quick read says i= deserves:
<=pan style="font-size:11.0pt;font-family:Wingdings;color:#1f497d">=C2. Legacy business:
$10=15m, with a large earn-out component
§ Capital for new busi=ess: $5-10m (but need to understand capital intensity of business
better)<=>
<=>
2
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Thanks.
From:
Sent: Tuesday, December 01, 2015 9:53 AM
To: Joshua M. Black
Subject: FW: FW: Crown Global CIM
From: jeffrey E. [mailto:jeevacation@g=ail.com]
Sent: Tuesday, December 01, 2015 9:50 AM
To: Melanie Spinella
Subject: Fwd: FW: Crown Global CIM
pass on to josh black thanks
Forwa=ded message
From: Chris Calise
»=br> Date: Tue, Dec 1, 2015 at 10:46 AM
Subject: FW: Crown Global CIM
To: "jeevac=tion@gmail.com <mailto:jeevacation@gmail.com> <jeevacation@gmail.com
<mailto:jeevacation@gmail.com»
Cc: Perry Lerner <
Jeffrey-
Attached is a description of our company prepared earlier =his year, the financials need to be
updated to reflect growth since then.=C2* The important point is that a foreign corporation (which is not a controlled
foreign corporation) whic= owns 25% or more of our shares will be treated as an insurance company fo= 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
3
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Chris Calise
President
Crown=Global
Office:
Mobile: <= target="_blank">
Email:.=A0ccalise@crownglobalinsurancegroup.com
This =essage (and any associated files) is intended only for the use of the indi=idual or entity to
which it is addressed and may contain information that =s confidential, subject to copyright or constitutes a trade secret.
If you are not the inten=ed recipient, you are hereby notified that any dissemination, copying or d=stribution of this
message, or files associated with this message, is stri=tly prohibited. Any U.S Federal Tax advice contained in this
communication (including any attachments) i= not intended or written to be used, and cannot be used, for the purpose
o= (1) avoiding penalties under the Internal Revenue Code of 1986, as amende=, or (2) promoting, marketing or
recommending to another party any tax-related matter(s) addressed herein. Prospec=ive investors should consult their
own tax advisors regarding such issues.=lf you have received this message in error, please notify us immediately b=
replying to the message and deleting it from your computer. Messages sent to and from us may be monitored=
Internet communications cannot be guaranteed to be secure or error-=ree as information could be intercepted,
corrupted, lost, destroyed, arriv= late, or incomplete, or contain viruses. Therefore, we do not accept responsibility for
any errors or omissions tha= are present in this message, or any attachment, that have arisen as a res=lt of e-mail
transmission. If verification is required, please reque=t a hard-copy version. Any views or opinions presented are solely
those of the author and do not necessarily r=present those of the company.
From: Monica Greene <= < >>
Date: Monday, November 30, 2015 at 5:02 PM
To: Chris Calise <
> > Subject: Crown Global CIM
CIM attached, password is Royal.
=C2*
Monica Rodriguez Greene
4
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Consultant
Vanbridge L=C
I New York, NY 1O036=u>
T: I C: <tel
E.mrgreene@ranbridge.com <
</=>
<http://vanbridge.com/>
This email and any files transmitted with it are confiden=ial and intended solely for the use of
the individual or entity to whom th=y are addressed. This message contains confidential information and is intended
only for the individual =amed. If you are not the named addressee, you should not disseminate, dist=ibute or copy this
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any action in reliance on the contents of this information is strictly =rohibited. WARNING: Computer viruses can be
transmitted via email. The recipient should check this email and an= attachments for the presence of viruses. The
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plea=e 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
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destroy this communication and all copies thereof,
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sender and delete the material from any comp=ter. 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
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Unauthorized use, disclosure or copying of this
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This email and any files transmitted with it are confidential and intended =olely for the person or entity
to whom they are addressed and may contain =onfidential and/or privileged material. Any review, retransmission,
dissem=nation or other use of, or taking of any action in reliance upon this information by persons or entities oth=r than
the intended recipient is prohibited. If you have received this ema=l in error please contact the sender and delete the
material from any comp=ter. Apollo Global Management, LLC
4o=A0 please note
The information contained i= this communication is
confidential, may be attorney-client privileged,=may
constitute inside information, and is intended only for
the use =f the addressee. It is the property of
JEE
Unauthorized use, disclos=re or copying of this
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inc=uding all attachments. copyright -all rights reserved
7
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