Permanent Capital IO Ltd.

A participant in a group that has received regulatory approval to purchase Bermuda Commercial Bank was sued by American Express two months ago over an allegedly unpaid credit card debt of $64,854 - the latest of several allegations of indebtedness against Logan Sugarman over the last 20 years.

One of the proposed new beneficial owners of Bermuda Commercial Bank - New York-based Logan Sugarman - has been pulled from the deal after OffshoreAlert uncovered his history of indebtedness in the United States.

Registers of Members and Directors & Officers for Permanent Capital IO Ltd., obtained from the company's registered agent on February 13, 2019.

Registers of Members and Directors & Officers of Permanent Capital Holdings Ltd., obtained from the company's registered agent on February 13, 2019.