PRIVATE & CONFIDENTIAI, March 31, 2015 VIA EMAIL Bryan Slotkin Goldman, Sachs & Co. 2121 Avenue of the Stars, Suite 2600 Los Angeles, CA 90067 Jim Collins Morgan Stanley & Co. LLC 1585 Broadway New York. NY 10036 Re: Indication of Interest -C&W Group, Inc. Gentlemen: Island Capital Group (Island"

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