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that this Memorandum and the Interests relate to the Fund, which is a foreign investment fund. The Fund is not subject to any form of regulation by the Central Bank of the United Arab Emirates (the "UAE"), the UAE Securities and Commodities Authority (the "SCA") or any other authority in the UAE (collectively, the "UAE Regulatory Authori
ps, companies involved in structured finance and asset finance transactions and various holding companies. Andrew Johnson. Andrew is a director of Circumference. Andrew has over twenty years of experience in the offshore financial services industry, specializing in investment funds, securitizations, struct
that this Memorandum and the Interests relate to the Fund, which is a foreign investment fund. The Fund is not subject to any form of regulation by the Central Bank of the United Arab Emirates (the "UAE"), the UAE Securities and Commodities Authority (the "SCA") or any other authority in the UAE (collectively, the "UAE Regulatory Authori
ps, companies involved in structured finance and asset finance transactions and various holding companies. Andrew Johnson. Andrew is a director of Circumference. Andrew has over twenty years of experience in the offshore financial services industry, specializing in investment funds, securitizations, struct
that this Memorandum and the Interests relate to the Fund, which is a foreign investment fund. The Fund is not subject to any form of regulation by the Central Bank of the United Arab Emirates (the "UAE"), the UAE Securities and Commodities Authority (the "SCA") or any other authority in the UAE (collectively, the "UAE Regulatory Authori
ps, companies involved in structured finance and asset finance transactions and various holding companies. Andrew Johnson. Andrew is a director of Circumference. Andrew has over twenty years of experience in the offshore financial services industry, specializing in investment funds, securitizations, struct
that this Memorandum and the Interests relate to the Fund, which is a foreign investment fund. The Fund is not subject to any form of regulation by the Central Bank of the United Arab Emirates (the "UAE"), the UAE Securities and Commodities Authority (the "SCA") or any other authority in the UAE (collectively, the "UAE Regulatory Authori
ps, companies involved in structured finance and asset finance transactions and various holding companies. Andrew Johnson. Andrew is a director of Circumference. Andrew has over twenty years of experience in the offshore financial services industry, specializing in investment funds, securitizations, struct
that this Memorandum and the Interests relate to the Fund, which is a foreign investment fund. The Fund is not subject to any form of regulation by the Central Bank of the United Arab Emirates (the "UAE"), the UAE Securities and Commodities Authority (the "SCA") or any other authority in the UAE (collectively, the "UAE Regulatory Authori
ps, companies involved in structured finance and asset finance transactions and various holding companies. Andrew Johnson. Andrew is a director of Circumference. Andrew has over twenty years of experience in the offshore financial services industry, specializing in investment funds, securitizations, struct
Entities connected to both the Central Bank of the United Arab Emirates and Circumference

United Kingdom
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Fannie Mae
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Prince Charles
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LOCATIONthe State of Israel
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Bermuda
LOCATIONVanessa
PERSONAsia Pacific
LOCATIONFlorida State University
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Andrew Johnson
PERSONCharles Smith
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the Cayman Islands
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the Office of Foreign Assets Control
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONGuernsey
LOCATIONthe Securities Commission
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ORGANIZATIONDeloitte Touche
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