1. Insurance-Linked Capitalization Arbitrage Program (iCAP) www.iCapVentures.com www.iCapVentures.com iCAP Ventures, LLC 8001 Irvine Center Drive Suite 400 Irvine, CA 92618 (949) 754-4260

2.  Information in this presentation is subject to change without notice  Information in this presentation is subject to change without notice  All calculations and timeframes are approximations.  All calculations and timeframes are approximations.  Ratings are by Standard & Poor and/or Moody’s and/or A.M. Best  Ratings are by Standard & Poor and/or Moody’s and/or A.M. Best  The information herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state in which such offer, solicitation or sale is not authorized. An offering is made solely by the prospectus to accredited investors. The reader of this information is advised to consult an attorney and perform adequate due diligence before making any decisions.  Minimum Loan Amount $5M – Max Loan Amount $100M (smaller projects will require combining with others to equal a total of $100M – multiple structured notes per project are feasible).  Minimum Loan Amount $5M – Max Loan Amount $100M (smaller projects will require combining with others to equal a total of $100M – multiple structured notes per project are feasible).  We participate in up to 20% of Equity  We participate in up to 20% of Equity  Capital is disbursed in tranches per schedule, with semi-annual audits  Capital is disbursed in tranches per schedule, with semi-annual audits

3.  Project/Venture must meet some or all of these requirements to apply with iCAP:  Project/Venture must meet some or all of these requirements to apply with iCAP:  Purpose – Creates or advances new &/or green technology, jobs, industry, real estate (limited new construction), film, for-profit humanitarian others may be considered on their merits and business model  Purpose – Creates or advances new &/or green technology, jobs, industry, real estate (limited new construction), film, for-profit humanitarian, others may be considered on their merits and business model  Profit Potential – Project must be able to pay minimum of 10% per year of original loan amount, year 3 - 10 (quarterly starting 27 th month).  Management – Project/venture sponsors must be seasoned and experienced in their business sector.  Proof of Funds – $5,000 per $1M of required capitalization, for underwriting, legal, due diligence and processing of loan application.  Application must contain:  Application must contain:  Business Executive Summary  Business Plan – Project details, Mgmnt., market & intellectual properties  Ten year Pro forma / Use of Funds / Disbursement Schedule  Client/borrower/issuer information sheet & proof of funds

4.  Submit Application and Required Client/Borrower Deliverables  Submit Application and Required Client/Borrower Deliverables  iCAP Due Diligence and Pre-approval or Non-approval  iCAP Due Diligence and Pre-approval or Non-approval  If Letter of Pre-approval Issued with Preliminary Term Sheet, Initial  If Letter of Pre-approval Issued with Preliminary Term Sheet, Initial Underwriting Deposit Required for Loan Processing Underwriting Deposit Required for Loan Processing  Repackaging, Legal, Underwriting, Beneficial Loan Agreement, Collateral Note Reservation, Account Established, Final Term Sheet Issued  Repackaging, Legal, Underwriting, Beneficial Loan Agreement, Collateral Note Reservation, Account Established, Final Term Sheet Issued  Estimates of Initial Items to be Paid from Underwriting Deposit:  Estimates of Initial Items to be Paid from Underwriting Deposit:  LS Aggregation Retainer$ 100,000  Introducing Managing Director$ 50,000  Legal (PPM, Loan Agreements, etc.)$ 75,000  LE Risk Analysis$ 75,000  Professional Fund Admin (PFA) Retainer$ 25,000  TPA, Trustee, Custodian Services Setup$ 30,000  Issuing Agent – Private Investment Bank (IPIB) $ 145,000  TOTAL$ 500,000

5. iCAP  Secures Institutional Investor/Lender Partners  Arranges A-Rated Collateral Guarantees  Lends Net Proceeds to Project & Provides TPA  Retains % of Equity START iCAP receives & approves Project(s) BP, Pro forma and Application Establish Project Account – costs to be expensed as incurred Est. Underwriting Costs: $25,000 Legal Retainer $50,000 Introducing MD iCAP secures Funding from Partner Institutional Investor/lender Project underwritten & attached to Insurance-Linked Asset Collateral Identified & reinsurance Committed Example $100M Loan $80M Net Proceeds Reserve Account Established for Interest, Premium Payments & Maint. Fees First 2-Yrs Principal is pre-paid. Project pays 10% of Gross Loan Amount yrs 3 – 10 to equal total Principal repayment only Funds released for acquisition of Insurance-Linked Collateral and A-Rated reinsurance binder $72,500 Private Inv. Bank $25,000 PFA Retainer $100,000 LS Aggregation Retainer $25,000 Legal Costs $75,000 LE Risk Analysis $30,000 TPA, Trustee Custodian Services Setup $72,500 Issuing Agent & IPIB Fees $25,000 Legal Costs Timeline Starts weeks 0 to 6 per # of projects required Est. Timeline weeks 7-13 Est. Timeline weeks 14 - 18 Excess funds released to Project per Disbursement Schedule Est. Timeline 19 to 26 weeks

6. $100M Pre- Approved Client Projects $100M Reserve Account pays Premiums, QIB Coupon Syndication Costs Associated Maint. $150M Cost for Life Settlement Collateral Securitization of $1B 10:1 $350M Syndication of Institutional Investors/Lender s 3.5:1 Returns Par & 5% Coupon Per Maturity Events Invests into iCV Loans $100M in Funds Re-pays Principal in 10-Yr Term Invests in Side Fund Securitization Administers Reserve per Requirements Equity Participation iCap Ventures Refills Reserve Per Maturity Events The Insurance- Linked Arbitrage, which creates loan funds to qualifying ventures – capital which is isolated and unrelated (directly) to the Institutional Investor(s) Par & IRR.

7.  100% Loans Possible  No Collateral Requirements Possible  No Personal Recourse or Guarantees  Principal Repayment Only*  First 2 Yrs Interest Pre-paid (no additional due until 27 th month)  Low Entry Cost ($5K per Million)**  Application Approval to Funding 120 to 180 Days  Most Sectors Considered in Free-World  Smaller Loans Considered if Combined with Other Project Funding  Borrower Retains at least 80% of Equity  Pre-approval Process in 7 to 10 Business Days * The cost of.5% for Underwriting and 3% Borrower to Broker Commission = 3.5% Points of loan costs ** Underwriting deposit 100% refundable if iCV fails to fund, not refundable if client fails to continue

8.  Funding Limits - $5M - $100M  120-180 day process  $5K per $1M Initial Underwriting Cost  1 st 2-yrs Principal pre-paid & Prin. only payments yrs 3-10  Requirements:  Viable Project/Experienced Management  Executive Summary/Business Plan  10 Yr Pro forma / Use of Funds / Disbursement Plan  Client Application  Proof of Funds  Up to 20% Equity Contact: iCAP Ventures, LLC 8001 Irvine Center Drive, Suite 400 Irvine, CA 92618 (949) 754-4260 Jim Nash - jrnash@iCapVentures.com Dan Somers - dgsomers@iCapVentures.com