exchange a northstar company CA LIC. 0B17257 coverholder at lloyd s of london

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1 exchange a northstar company CA LIC. 0B17257 coverholder at lloyd s of london

2 exchange RESIDENTIAL APARTMENT PROGRAM for Apartment Buildings predominately in San Francisco and Bay Area

3 exchange San Francisco based Presidio Exchange is an insurance supply solutions company specialising in market supply and product development opportunities for Insurance Brokers and their clients in the residential property and commercial lines sectors. Presidio/Northstar is a Coverholder at Lloyd's of London authorised to enter into contracts of insurance underwritten by leading syndicates at Lloyd's in accordance with the terms of our binding authorities. Presidio offers property supply solutions for California, Nevada, Oregon, Washington, Montana, Hawaii, Idaho, Utah and Colorado. LLoyd's of London Lloyd's is the world's specialist insurance market. Home to 57 managing agents and 87 syndicates, Lloyd's offer an unrivalled concentration of specialist underwriting expertise and talent accepting business from over 200 Countries with gross written premiums for full year 2013 totalling over US $40 billion. Lloyd's of London enjoys an AM Best Rating of A XV 'Excellent". Lloyd's is the largest Surplus Lines insurer in USA.

4 exchange

5 THE OPPORTUNITY Presidio Exchange currently oversee's a substantial book of Lessors Risks - Apartments consisting of residential and residential above commercial properties totalling $1,500,000 in annual premiums. Historical loss results have been favourable. Majority of the existing book is predominately Northern Californian based and accessed through twenty + retail brokers (Northstar being the largest single broker source). With the establishment of Presidio Exchange as a Coverholder at Lloyd's, we believe the opportunity exists for expand our current book with a focus on residential properties in San Francisco area and urban areas within other Western States e.g. Nevada, Hawaii, Oregon and Washington. Presidio Exchange enjoys support from many of the leading regional and independent brokers within the Western States and we are confident,with our own Lloyd's facility, we will be able to build a sizeable and profitable book of business on top of our existing book. Presidio's principals enjoy close relationships not only with executives of some of California's large regional and independent broking houses but also with apartment property owners, realtors and property managers. San Francisco/Bay Area is particularly appealing apartment market for us as a large number of these properties are of a building age that restricts access to the 'admitted' market. However our experience support these properties as being highly desirable due to market value of the properties, well maintained condition, reputation and character of the property owners and the high calibre of tenants (often young professionals in the financial and technology sectors) in rental properties in the many sought after urban areas. Our initial focus will be on apartments with TIV of $10,000,000 and with a maximum number of apartments of 50 per location. Based on current premiums levels under our existing facility,presidio expects an average achievable rate of.25 cents on TIV plus additional premium of $100 per door for liability cover of $5,000,000. Each risk would be subject to a comprehensive loss control report every three years. All recommendations would be followed up to ensure compliance/implementation with 45 days. Presidio believes an excellent opportunity exists,particularly in San Francisco and the Bay area, to differentiate our apartment product by offering Loss of Rent cover following earthquake (up to maximum coverage of 20% of TIV). Our initial research would suggest an earthquake rate of $1 to $1.25 on the total selected rental insured value would meet with significant interest by property owners. We would also welcome consideration by Underwriters to this optional cover offering.

6 COVER OUTLINE exchange Named Insured: Apartment Property Owners and Tenants in Common Locations: Predominately San Francisco and the Bay Area, Northern California Property Insured: Apartment buildings - all real and personal property Rental Income (rates to be agreed with underwriters) Policy Form: Lloyd s wordings to be agreed Optional Coverage: Loss of rental income following earthquake Limit - 20% of insured value (rates to be agreed with underwriters) Maximum Sums Insured / Limits of Liability: Physical Damage US$10,000,000 maximum limit any one risk Personal Liability US$5,000,000 any one occurrence Period of Insurance: 12 months from attachment Deductibles/Excesses: - $5,000 - $10,000 - $25,000 Rate reduction to be agreed with lead underwriter Property Values: - limit of $10,000,000 any one apartment - maximum number of apartments any one building comprehensive risk/loss control reports on all properties insured (every 3 years) Estimated Premium Income: Year 1 US$1,000,000 Year 2 US$1,500,000 Year 3 US$2,000,000

7 RATING MATRIX exchange Property Liability Earthquake Territory Frame Non-Frame Primary Loss of Rent $1M $5M ($2M Aggregate) ($5M Aggregate) San Francisco Metro Area $ / $100 $.22 / $100 $65 per door $95 per door $ $1.25 / $100 Los Angeles Metro Area $ / $100 $.22 / $100 $65 per door $95 per door $ $1.25 / $100 All other areas $ / $100 $.20 / $100 $55 per door $90 per door $.65 - $.95 / $100

8 UNDERWRITING GUIDELINES CIBA INSURANCE SERVICES Underwriting Guidelines Guidelines: 4 units and up; will take duplexes if in a portfolio If older than 40 years old, need proof of updated Fire/Life Safety: Smoke detectors in each unit, illuminated exit signs and Emergency lighting in interior corridors longer than 75 feet, and Portable fire extinguishers. 3 Stories and over: Same as older properties, plus pull fire alarm, two enclosed stairways with self-closing fire doors and emergency lighting. 4 stories (frame) and over must be 100% sprinklered If Student housing must have: 24/7 onsite property management, parents sign lease and tenants insurance. Excess Liability is excluded Nicer Section 8 and affordable housing is acceptable. San Francisco buildings need XXXX feet of clearance between the next buildings in order to have GL offered. Railings must be no greater than 4 No water or ponds on the premises unless a fence is around the water hazard. If no fence, then GL will be declined Swimming pools must have a fence around them with self-latching gate. No courtyard pools with direct access to units. GL will be declined. Requirements: CIBA Application or ACORD or ACORD 125 and SOV Supplemental Habitational Application for all habitational properties 3 5 years loss runs or a Known Loss Letter Tenant List if an industrial property Lender information at binding Inspection contact at binding Signed TRIA form denoting preference at binding Signed D1 and SL2 forms showing due diligence Exclusions: No properties constructed of wood shake materials or wood shingles unless treated No standalone vacant buildings No buildings situated in an unprotected area designated as ISO 8, 9, 10 No GL offered in high crime areas No docks, wharves, or marinas associated with the property will be covered. No short term habitational, no Time-shares, hotels/motels, resorts, SROs

9 CURRENT BOOK OF RESIDENTIAL APARTMENT BUSINESS (max US$10 mill TIV's) Property ID City State Property Type Construction Type Sprinklers? Year Built RetailSqFt HabSqFt NumUnits TIV InvoicedPremium Rate Property $1/$2M GL $5M Excess San Francisco CA Habitational ISO 1 - Frame None ,398 9 $ 2,945,076 $ 4, Property GL Los Angeles CA Habitational ISO 1 - Frame None ,500 8 $ 1,491,524 $ 2, Property Los Angeles CA Mixed- Hab ISO 2 - JM None ,300 9, $ 2,073,240 $ 3, Property Los Angeles CA Habitational ISO 1 - Frame None , $ 1,189,630 $ 2, Property Hawthorne CA Mixed- Hab ISO 1 - Frame None ,000 9, $ 2,175,139 $ 4, Property Los Angeles CA Habitational ISO 1 - Frame None ,000 8 $ 1,254,048 $ 2, Property Torrance CA Mixed- Hab ISO 1 - Frame None ,000 15, $ 3,130,750 $ 5, Property 7861 Los Angeles CA Habitational ISO 1 - Frame None , $ 951,336 $ 1, Property 7866 Los Angeles CA Habitational ISO 1 - Frame None , $ 1,467,008 $ 2, Property Los Angeles CA Habitational ISO 2 - JM Partial , $ 1,978,229 $ 3, Property Los Angeles CA Mixed- Hab ISO 2 - JM None ,000 4,230 6 $ 1,087,519 $ 2, Property Torrance CA Mixed- Hab ISO 1 - Frame None ,000 10, $ 3,096,700 $ 5, Property Los Angeles CA Habitational ISO 1 - Frame None , $ 1,330,984 $ 2, Property Los Angeles CA Habitational ISO 1 - Frame Full , $ 1,505,366 $ 2, Property Los Angeles CA Habitational ISO 1 - Frame None , $ 1,097,090 $ 2, Property 7872 Los Angeles CA Habitational ISO 1 - Frame None , $ 1,366,088 $ 2, Property 7856 Los Angeles CA Habitational ISO 1 - Frame None , $ 905,640 $ 1, Property 7837 Los Angeles CA Habitational ISO 1 - Frame None ,156 9 $ 1,388,664 $ 2, Property 7922 Los Angeles CA Habitational ISO 1 - Frame None , $ 1,780,590 $ 3, Property 7869 Los Angeles CA Habitational ISO 1 - Frame None , $ 1,115,098 $ 2, Property San Rafael CA Habitational ISO 1 - Frame None , $ 2,276,520 $ 3, Property Burlingame CA Habitational ISO 1 - Frame None , $ 3,248,052 $ 5, Property Fairfield CA Habitational ISO 1 - Frame None ,295 6 $ 928,254 $ 1, Property Bell CA Mixed- Hab ISO 1 - Frame None ,524 2,000 4 $ 875,000 $ 1, Property Napa CA Habitational ISO 1 - Frame None ,896 6 $ 881,362 $ 1, Property Benicia CA Habitational ISO 1 - Frame None , $ 2,037,373 $ 3, Property Los Angeles CA Habitational ISO 1 - Frame None , $ 1,032,364 $ 2, Property San Carlos CA Habitational ISO 1 - Frame None , $ 2,604,270 $ 4, Property Napa CA Habitational ISO 1 - Frame None ,800 4 $ 757,459 $ 1, Property Fairfield CA Habitational ISO 1 - Frame None , $ 2,941,971 $ 4, Property Burlingame CA Habitational ISO 1 - Frame None , $ 2,930,168 $ 4, Property Burlingame CA Habitational ISO 1 - Frame None 1940 (1969) 0 7,000 9 $ 1,488,365 $ 2, Property San Carlos CA Habitational ISO 1 - Frame None , $ 1,648,072 $ 2, Property Fairfield CA Habitational ISO 1 - Frame None ,536 9 $ 1,257,841 $ 2, Property San Mateo CA Habitational ISO 1 - Frame None , $ 2,166,085 $ 3, Property Redwood City CA Habitational ISO 1 - Frame None , $ 1,917,322 $ 3, Property Fairfield CA Habitational ISO 1 - Frame None , $ 2,453,663 $ 4, Property Palo Alto CA Habitational ISO 1 - Frame None , $ 2,279,116 $ 3, Property San Carlos CA Habitational ISO 1 - Frame None , $ 2,387,550 $ 4, Property San Carlos CA Habitational ISO 1 - Frame None , $ 2,776,458 $ 4, Property Burlingame CA Habitational ISO 1 - Frame None 1940 (1969) 0 7,000 8 $ 1,466,891 $ 2, Property San Mateo CA Habitational ISO 1 - Frame None , $ 1,236,337 $ 2, Property Napa CA Habitational ISO 1 - Frame None ,800 4 $ 757,741 $ 1, Property San Francisco CA Habitational ISO 1 - Frame None , $ 6,020,392 $ 10, Property

10 CURRENT BOOK OF RESIDENTIAL APARTMENT BUSINESS (max US$10 mill TIV's) Crescent City CA Habitational ISO 2 - JM Full , $ 4,900,000 $ 9, Property San Francisco CA Mixed- Hab ISO 1 - Frame Partial ,960 5,650 4 $ 2,242,000 $ 4, Property San Francisco CA Mixed- Hab ISO 1 - Frame None ,226 42, $ 9,198,400 $ 19, Property San Francisco CA Habitational ISO 1 - Frame None , $ 3,465,010 $ 7, Property GL Eugene OR Habitational ISO 1 - Frame Full , $ 4,174,500 $ 9, Property GL San Francisco CA Habitational ISO 2 - JM Partial , $ 8,020,000 $ 17, Property GL $5M 7846 Los Angeles CA Habitational ISO 1 - Frame None , $ 882,832 $ 1, Property San Francisco CA Habitational ISO 2 - JM Partial , $ 3,975,000 $ 9, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None , $ 2,707,525 $ 5, Property GL $5M San Francisco CA Mixed- Hab ISO 2 - JM Full ,000 3,000 1 $ 6,660,000 $ 14, Property GL Los Angeles CA Habitational ISO 1 - Frame None ,800 8 $ 886,057 $ 2, Property Napa CA Habitational ISO 1 - Frame None ,346 6 $ 808,912 $ 1, Property San Francisco CA Habitational ISO 2 - JM None , $ 2,962,097 $ 6, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,353 9 $ 2,448,543 $ 5, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None , $ 2,620,000 $ 6, Property GL $5M Concord CA Habitational ISO 1 - Frame None , $ 5,877,612 $ 13, Property GL $5M San Francisco CA Mixed- Hab ISO 1 - Frame None ,300 8,500 8 $ 4,092,000 $ 10, Property GL $5M San Francisco CA Mixed- Hab ISO 1 - Frame None ,600 2,400 1 $ 1,952,000 $ 4, Property GL San Francisco CA Habitational ISO 1 - Frame None , $ 2,940,000 $ 7, Property GL $5M San Francisco CA Habitational ISO 2 - JM Partial , $ 8,186,600 $ 19, Property GL San Francisco CA Habitational ISO 1 - Frame None , $ 5,353,282 $ 13, Property GL Los Angeles CA Habitational ISO 1 - Frame None ,325 6 $ 798,389 $ 2, Property Mercer Island WA Habitational ISO 1 - Frame None , $ 3,545,480 $ 8, Property GL San Francisco CA Habitational ISO 1 - Frame Partial , $ 1,960,460 $ 4, Property GL Reno NV Habitational ISO 1 - Frame None , $ 2,747,336 $ 6, Property GL Los Angeles CA Habitational ISO 1 - Frame None , $ 2,150,400 $ 5, Property GL San Francisco CA Mixed- Hab ISO 1 - Frame None ,200 7,200 6 $ 2,997,775 $ 7, Property GL $5M San Francisco CA Mixed- Hab ISO 1 - Frame None ,462 4, $ 1,910,247 $ 4, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,104 9 $ 1,904,024 $ 4, Property GL $5M San Francisco CA Mixed- Hab ISO 1 - Frame Partial ,000 10, $ 3,500,000 $ 9, Property GL $5M San Francisco CA Habitational ISO 5 - MFR Partial , $ 8,780,000 $ 21, Property GL $5M Bellevue WA Habitational ISO 1 - Frame None , $ 3,318,670 $ 8, Property GL San Francisco CA Habitational ISO 1 - Frame None ,759 9 $ 1,963,850 $ 5, Property GL $5M Seattle WA Mixed- Hab ISO 1 - Frame None ,987 12, $ 2,488,000 $ 6, Property GL Los Angeles CA Habitational ISO 2 - JM None , $ 803,155 $ 2, Property Seattle WA Habitational ISO 1 - Frame None , $ 4,095,224 $ 9, Property GL $5M Pleasant Hill CA Habitational ISO 1 - Frame None , $ 2,453,789 $ 5, Property GL Venice CA Mixed- Hab ISO 1 - Frame Partial ,800 3,400 4 $ 2,750,000 $ 6, Property GL San Francisco CA Habitational ISO 1 - Frame Partial , $ 4,719,745 $ 12, Property GL $5M Shoreline WA Habitational ISO 1 - Frame None , $ 1,727,496 $ 4, Property GL San Francisco CA Habitational ISO 1 - Frame None , $ 1,245,000 $ 3, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,000 6 $ 1,920,000 $ 5, Property GL $5M Oakland CA Habitational ISO 1 - Frame None , $ 1,841,750 $ 4, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None ,800 7 $ 776,854 $ 2, Property Seattle WA Habitational ISO 1 - Frame None , $ 2,167,730 $ 5, Property GL

11 CURRENT BOOK OF RESIDENTIAL APARTMENT BUSINESS (max US$10 mill TIV's) Seattle WA Habitational ISO 1 - Frame None , $ 5,369,451 $ 13, Property GL $5M Alameda CA Habitational ISO 1 - Frame None , $ 7,677,412 $ 20, Property GL $5M Seattle WA Habitational ISO 1 - Frame None , $ 4,634,143 $ 11, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None , $ 2,940,000 $ 8, Property GL $5M North Hills CA Habitational ISO 1 - Frame None , $ 4,324,200 $ 11, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,000 8 $ 2,160,000 $ 5, Property GL $5M Seattle WA Mixed- Hab ISO 2 - JM Full ,560 22, $ 5,302,264 $ 14, Property GL $5M Alameda CA Mixed- Hab ISO 1 - Frame None ,482 10, $ 3,594,626 $ 9, Property GL $5M Long Beach CA Mixed- Hab ISO 2 - JM Full ,400 8, $ 2,581,216 $ 7, Property GL Alameda CA Mixed- Hab ISO 1 - Frame Partial ,648 12, $ 5,493,224 $ 15, Property GL $5M Van Nuys CA Habitational ISO 1 - Frame None , $ 5,600,000 $ 14, Property GL Santa Monica CA Habitational ISO 1 - Frame None , $ 2,216,156 $ 6, Property GL $5M Fremont CA Habitational ISO 1 - Frame None , $ 2,498,920 $ 6, Property GL $5M Los Angeles CA Habitational ISO 2 - JM Full , $ 2,435,000 $ 6, Property GL North Hills CA Habitational ISO 1 - Frame Partial , $ 2,335,376 $ 6, Property GL $5M Sherman Oaks CA Habitational ISO 1 - Frame None , $ 5,400,944 $ 14, Property GL $5M Fremont CA Habitational ISO 1 - Frame None , $ 2,498,920 $ 7, Property GL $5M San Francisco CA Habitational ISO 5 - MFR Partial ,650 9 $ 1,739,670 $ 4, Property GL San Francisco CA Habitational ISO 2 - JM None ,020 7 $ 1,401,620 $ 3, Property GL $5M Sea Tac WA Habitational ISO 1 - Frame None , $ 4,208,064 $ 12, Property GL Los Angeles CA Habitational ISO 1 - Frame None , $ 1,795,096 $ 5, Property GL $5M Oakland CA Habitational ISO 1 - Frame None , $ 4,034,140 $ 11, Property GL $5M San Francisco CA Habitational ISO 2 - JM None , $ 3,903,581 $ 10, Property GL $5M Kent WA Habitational ISO 1 - Frame None , $ 2,573,776 $ 7, Property GL Oakland CA Habitational ISO 1 - Frame None , $ 1,324,000 $ 3, Property GL $5M Burlingame CA Habitational ISO 1 - Frame None , $ 4,350,000 $ 12, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None , $ 1,174,000 $ 3, Property GL San Rafael CA Habitational ISO 1 - Frame None , $ 1,944,460 $ 5, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None ,489 8 $ 1,069,295 $ 3, Property GL Castro Valley CA Habitational ISO 1 - Frame None , $ 1,412,850 $ 4, Property GL $5M Hawthorne CA Habitational ISO 1 - Frame None ,200 9 $ 1,097,200 $ 3, Property GL 6230 San Francisco CA Mixed- Hab ISO 1 - Frame Full ,116 3,116 3 $ 1,091,047 $ 3, Property Concord CA Habitational ISO 1 - Frame None , $ 4,477,000 $ 13, Property GL $5M Tacoma WA Habitational ISO 1 - Frame None , $ 4,294,840 $ 13, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,512 7 $ 1,291,272 $ 3, Property GL $5M Benicia CA Habitational ISO 1 - Frame None , $ 1,675,000 $ 5, Property GL $5M San Diego CA Habitational ISO 1 - Frame None , $ 2,491,464 $ 7, Property GL $5M San Francisco CA Habitational ISO 1 - Frame Partial ,870 5 $ 1,249,970 $ 3, Property GL South San Francisco CA Habitational ISO 1 - Frame None ,500 7 $ 1,340,000 $ 4, Property GL $5M Walnut Creek CA Habitational ISO 1 - Frame None , $ 4,270,560 $ 13, Property GL $5M Panorama City CA Habitational ISO 1 - Frame None , $ 2,159,124 $ 6, Property GL $5M Oakland CA Habitational ISO 1 - Frame None , $ 4,167,140 $ 13, Property GL $5M Los Angeles CA Habitational ISO 2 - JM None , $ 2,466,965 $ 7, Property GL $5M Prescott AZ Habitational ISO 1 - Frame None , $ 950,000 $ 2, Property GL Tacoma WA Habitational ISO 2 - JM None , $ 3,498,234 $ 11, Property GL $5M

12 CURRENT BOOK OF RESIDENTIAL APARTMENT BUSINESS (max US$10 mill TIV's) Oakland CA Habitational ISO 1 - Frame Partial , $ 2,835,000 $ 8, Property GL $5M San Francisco CA Habitational ISO 1 - Frame Parking Only ,000 5 $ 1,207,000 $ 3, Property GL $5M San Carlos CA Habitational ISO 1 - Frame None , $ 2,665,000 $ 8, Property GL $5M Las Vegas NV Habitational ISO 1 - Frame None , $ 2,960,000 $ 9, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None , $ 1,542,000 $ 5, Property GL $5M Concord CA Habitational ISO 1 - Frame None , $ 3,568,400 $ 11, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None ,750 6 $ 660,461 $ 2, Property San Francisco CA Habitational ISO 1 - Frame Partial ,973 9 $ 1,625,950 $ 5, Property GL $5M Walnut Creek CA Habitational ISO 1 - Frame None , $ 2,118,152 $ 6, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None , $ 1,609,600 $ 5, Property GL $5M Seatac WA Habitational ISO 1 - Frame None , $ 3,846,064 $ 11, Property GL 9168 San Leandro CA Habitational ISO 1 - Frame None , $ 2,109,602 $ 7, Property GL $5M South San Francisco CA Habitational ISO 1 - Frame None ,391 6 $ 1,090,000 $ 3, Property GL Alameda CA Habitational ISO 1 - Frame None , $ 2,627,000 $ 8, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None , $ 612,134 $ 2, Property Los Angeles CA Habitational ISO 1 - Frame None , $ 3,802,000 $ 12, Property GL San Francisco CA Mixed- Hab ISO 1 - Frame Full , $ 2,100,000 $ 6, Property GL $5M San Francisco CA Habitational ISO 1 - Frame Partial , $ 2,780,000 $ 9, Property GL $5M San Francisco CA Habitational ISO 1 - Frame Partial ,000 8 $ 1,844,000 $ 5, Property GL $5M Beverly Hills CA Habitational ISO 1 - Frame None ,047 8 $ 1,282,392 $ 4, Property GL $5M San Francisco CA Mixed- Hab ISO 1 - Frame None ,675 5 $ 1,110,000 $ 3, Property GL $5M Hayward CA Habitational ISO 1 - Frame None , $ 3,461,308 $ 11, Property GL $5M San Carlos CA Habitational ISO 1 - Frame None ,781 5 $ 641,970 $ 1, Property Shoreline WA Habitational ISO 2 - JM None , $ 1,416,160 $ 4, Property GL Alameda CA Mixed- Hab ISO 2 - JM None ,984 7, $ 2,167,936 $ 7, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None , $ 583,490 $ 2, Property 9167 Sunnyvale CA Habitational ISO 1 - Frame None , $ 6,268,480 $ 22, Property GL $5M Pleasant Hill CA Habitational ISO 1 - Frame Full , $ 4,174,165 $ 14, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,552 4 $ 1,059,664 $ 3, Property GL Seattle WA Habitational ISO 1 - Frame None , $ 1,245,520 $ 4, Property GL San Rafael CA Habitational ISO 1 - Frame None , $ 4,394,237 $ 15, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,542 5 $ 1,068,400 $ 3, Property GL $5M San Francisco CA Mixed- Hab ISO 1 - Frame None ,570 2,730 3 $ 899,372 $ 3, Property GL $5M Fairfield CA Habitational ISO 1 - Frame None , $ 3,042,120 $ 11, Property GL $5M Pasadena CA Habitational ISO 1 - Frame None , $ 2,097,655 $ 7, Property GL $5M Concord CA Habitational ISO 1 - Frame None , $ 1,344,155 $ 4, Property GL Capitola CA Habitational ISO 1 - Frame None , $ 1,975,716 $ 7, Property GL $5M 9638 San Francisco CA Mixed- Hab ISO 2 - JM Full ,964 54, $ 9,526,090 $ 35, Property Hayward CA Habitational ISO 1 - Frame None , $ 923,233 $ 3, Property GL $5M San Diego CA Habitational ISO 1 - Frame None , $ 975,000 $ 3, Property GL $5M Seaside CA Habitational ISO 1 - Frame None , $ 1,383,200 $ 5, Property GL $5M 5388 San Mateo CA Mixed- Hab ISO 2 - JM Full 1917/ ,500 16,500 8 $ 4,927,528 $ 19, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None , $ 1,502,380 $ 5, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,702 9 $ 2,101,600 $ 7, Property GL $5M Concord CA Habitational ISO 1 - Frame None ,430 6 $ 640,000 $ 2, Property GL

13 CURRENT BOOK OF RESIDENTIAL APARTMENT BUSINESS (max US$10 mill TIV's) Seattle WA Habitational ISO 1 - Frame None , $ 821,578 $ 3, Property GL Mountain View CA Habitational ISO 1 - Frame None , $ 2,280,960 $ 9, Property GL $5M San Francisco CA Habitational ISO 1 - Frame None ,995 5 $ 706,200 $ 3, Property GL $5M 9169 Menlo Park CA Habitational ISO 1 - Frame None ,500 6 $ 890,000 $ 3, Property GL $5M Hayward CA Habitational ISO 1 - Frame None ,088 6 $ 568,000 $ 2, Property GL $5M Hayward CA Habitational ISO 1 - Frame None ,088 6 $ 568,000 $ 2, Property GL $5M Monterey CA Habitational ISO 1 - Frame None ,664 6 $ 880,000 $ 4, Property GL $5M Los Angeles CA Habitational ISO 1 - Frame None ,320 4 $ 667,809 $ 3, Property GL $5M Watsonville CA Mixed- Hab ISO 2 - JM Partial ,500 3, $ 1,290,000 $ 7, Property GL $5M Seaside CA Habitational ISO 1 - Frame None ,600 8 $ 427,499 $ 3, Property GL $5M TOTALS 226,857 2,877,710 3, ,042,489 1,273,

14 5 YEAR LOSS HISTORY Loss Experience: Policy Years March 31, March 31, 2015 Policy Year Total Claims Property Claims Property Claims Amount Liability Claims Liability Claims Amount Total Claims and Expenses Amount Loss Ratio Avg Property Claim Avg GL CIBA I $ 24, $ 35, $ 60, % $ 8, $ 35, CIBA I $ 7, $ 9, $ 16, % $ 7, $ 9, CIBA I $ 68, $ 9, $ 77, % $ 17, $ 4, CIBA I $ 538, $ 10, $ 548, % $ 107, $ 5, CIBA I $ 35, $ 28, $ 64, % $ 11, $ 14, Total $ 674,230 8 $ 92,179 $ 766,408 16% $ 152, $ 68, year Totals Claims/Expenses $ 766, Premium $ 4,934, $ 1,233, $ 3,700, Average Loss Ratio 16%

15 HABITATIONAL REPORT Broadway, San Francisco, CA exchange

16 HABITATIONAL REPORT Broadway, San Francisco, CA

17 HABITATIONAL REPORT Broadway, San Francisco, CA

18 HABITATIONAL REPORT Broadway, San Francisco, CA

19 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

20 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

21 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

22 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

23 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

24 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

25 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

26 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

27 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

28 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

29 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

30 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

31 HABITATIONAL REPORT 1856 Green Street, San Francisco, CA

32 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

33 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

34 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

35 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

36 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

37 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

38 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

39 HABITATIONAL REPORT 1060 Pine St, San Francisco, CA

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51 LARGE LOSS INFORMATION 655 N. Central Ave. Suite 2100 Glendale, CA t: f: License: # 0D44433 Claims Summary Wednesday, July 9, 2014 Summary of Information Provided for: Broker: Herbert B and Zina Phillips 3655 Startouch Drive Pasadena, CA Presidio Exchange Insurance (Northstar Wholesale) (800) Named Insured: Herbert B and Zina Phillip Property Name: PID: P Insured Address: 585 N. Hill Avenue, Pasadena, CA CIBA Policy Term: CIBA Status: Renewed Coverage Name: Basic Residential Property & Primary + $10M XS Liability - A Policy Effective Dates: 05/21/ /21/2015 NO LOSSES OR CLAIMS REPORTED CIBA Policy Term: CIBA Status: New Business Coverage Name: Basic Residential Property & Primary + $10M XS Liability - A Policy Effective Dates: 05/21/ /21/2014 Claim # DOL Amt Paid & Rsvd Expenses Type/Cause Amt Recovered Status Date Closed RP /08/2013 $458, $6, Residential/Fire $0.00 Open Loss Experience Summary From Inception Date Through: 07/09/2014 Total Number of Claims Total Amount Paid & Reserved Total Expenses Total Amount Recovered No. of Claims Open 1 $458, $6, $ The information being provided herein is based on current information available at the time of request. The Company does not make any express or implied representation or warranty as to the completeness of the information and shall have no liability relating to any errors or omissions made based on reliance on this information.

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