PANGEA3 LLC

The unprecedented credit crisis, which led the U.S. Senate to pass the Emergency Economic Stabilization Act of 2008 ("EESA"), or the “Bailout Bill", to restore liquidity and stability of the U.S. financial system, is likely to create a new frontier in the financial marketplace, as financial institutions including banks, savings associations, credit unions, security brokers and insurance companies, prepare to face the impact of the EESA and newer regulations. A key component of the EESA, the Troubled Asset Relief Program ("TARP"), will allow the U.S. treasury to acquire troubled assets from financial institutions and to inject liquidity into the U.S. banking system.

Pangea3 represents a wide range of banks and financial services companies, including companies that have recently converted into bank holding companies. To address their growing needs during this global financial crisis, Pangea3 is pleased to announce the launch of its TARP Services Unit, and Mortgage Loan Modification Program. The TARP Services Unit is an offshoot of Pangea3’s current financial services offerings. The TARP Services Unit will assist financial services clients with managing their debt portfolios, modifying financial instruments, and complying with existing and new TARP-related laws and regulations. At the same time, it will help clients defend themselves against potential litigation - at compelling costs.

Spearheaded by seasoned U.S. and Indian attorneys with experience and expertise in providing risk management, corporate and litigation services for financial services companies and banks, our TARP Services group will offer financial institutions critical services including:

The TARP Services Unit will offer critical services to financial institutions including:

• TARP Monitoring & Compliance:
  • FCPA & AML compliance, including Know-Your-Customer research and reporting.
  • Broker-Dealer and stock exchange compliance, including e-mail monitoring and review.
  • Corporate governance & corporate secretarial management, including monitoring of new TARP-related regulations.
• Litigation & Litigation Support:
  • Substantive document review for responsiveness, privilege and materiality for TARP-related and financial services litigation, including shareholder derivative suits.
  • Objective coding and document processing and culling.
• Visibility:
  • Review, summarization, abstraction and analysis of complex and high-volume portfolios of financial instruments.
  • Due diligence on portfolios of financial instruments, for both disposition and acquisition.
• Financial Instrument Modification - modification of mortgages and other financial instruments, on a fixed, unit-priced basis.

Watch this space as we unfold more information on our TARP program in the coming days. Call Pangea3 at +212-689-3819.

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