Everglades Re II Ltd. is a Bermuda exempted company licensed and registered as a special purpose insurer under the Bermuda Insurance Act 1978 and related regulations, each as amended.

The $300,000,000 Series 2015-1 Class A Principal-at-Risk Variable Rate Notes due May 3, 2018 are exposed to first and subsequent Named Storms affecting the Subject Business in the Covered Territory on an annual aggregate basis.