nd will discuss it at the National Reform Council, to be then submitted to the Rada (parliament). The pension reform was long overdue, given that the Pension Fund deficit reached UAH 140 billion or 6.3% of GDP in 2016. Pension reform is considered to be one of the most socially sensitive reforms the government

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 218 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.3

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.34 US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout 15- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24

such issues since Seller's acquisition of the Property. Except for the New York Hotel Trades Council and Hotel Association of New York City, Inc., Pension Fund (the "Multiemployer Pension Plan"), Seller is not a party to (i) any "employee benefit plan", as defined in ERISA, or (ii) any other multiemployer

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary I 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12. Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS. Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary I 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HOW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.34 US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.94 Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout 15- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24

12. Pollock Proprietary HOW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.34 US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary I 12 64.0 21.5 04 12 2.94 Europe - buyout IS. Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HOW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout 15- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary 1 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

12- Pollock Proprietary HNW/ Family office Fund Secondary 1 12 13.4 13.1 03 12 2.3x US - mid-market buyout 13- Whitney Limited process Pension Fund Fund Secondary I 12 64.0 21.5 04 12 2.9x Europe - buyout IS- Constable Limited process Alternative Funds Fund Secondary 1 11 26.1 24.

rategy. The investor is an asset manager that controls approximately $47B of institutional money and initially invested $5mm for one of their large Pension Fund clients. Hopefully, with strong performance, they will invest another $10-15mm shortly. I hope you are managing well and I look forward to sitting