rage Rating Factor 3,000 2.900 2.800 2,700 2,600 2,500 2.400 2.300 2.200 P 0 1a ,0 0 0 .+0 let t 0101 1,1 1 4# 4, DWARF —WAFtF Limit Evolution of Weighted Average Spread 5.5% 112% 110% 5.0% 108% 4.5% 106% 104% 4.0% 102% 15% 100% 0 0 0 4 Nt` :4' 0 *•°' 0 0 0 0 0 4 lit et +61( +6.1 1 401 1144 1. .1 eel

iff Loan Management OCH-ZIFF OZLNI IX, Ltd.' CAPITAL MANAGEMENT GROUP Evolution of Weighted Average Rating Factor 3,000 2.800 2.600 2,400 Evolution of Weighted Average Spread Class D Overcollateralization Cushion 5.0% 4.8% 4.6% 4.4% 4.2% 4.0% 3.8% 109% 108% • 107% 106% 105% • 104% 103% • 'S • • • tit

CAPITAL MANAGEMENT GROUP Evolution of Weighted Average Rating Factor 3,000 2,600 2.400 N,u Nu' 4 0 oc 1 40 411 1 1 WARE WARE Limit Evolution of Weighted Average Spread Class D Overcollateralization Cushion 4.8% 4.6% 4.4% 4.2% 4.0% 3.8% Nu Nu 51) 4 '& :& !sc.) :Z." 110% 109% 108% 107% 106% • 105%

Management OCH-ZIFF OZLNI VIII, Ltd.) CAPITAL MANAGEMENT GROUP Evolution of Weighted Average Rating Factor 3.000 2,800 • 2,600 • 2,400 - Evolution of Weighted Average Spread Class D Overcollateralization Cushion 4.8% 4.8% 4.4% 4.2% 4.0% 3.8% 41° ••C) 40 49 Lib 04: , WARS irr"--WARF Limit NesWAS -","""-WAS

Management OCH-ZIFF OZLNI VIII, Ltd.) CAPITAL MANAGEMENT GROUP Evolution of Weighted Average Rating Factor 3.000 2,800 • 2,600 • 2,400 - Evolution of Weighted Average Spread Class D Overcollateralization Cushion 4.8% 4.8% 4.4% 4.2% 4.0% 3.8% 41° ••C) 40 49 Lib 04: , WARS irr"--WARF Limit NesWAS -","""-WAS

IFF CAPITAL MANAGEMENT GROUP Evolution of Weighted Average Rating Factor 3,000 2,600 2.400 4 0 oc Nu Nu' viP 411 01 1 WARE WARE Limit Evolution of Weighted Average Spread Class D Overcollateralization Cushion 4.8% 4.6% 4.4% 4.2% 4.0% 3.8% Nu Nu 4 4 '& :& !sc.) :Z." 110% 109% 108% 107% 106% • 105% •

iff Loan Management OCH-ZIFF OZLNI IX, Ltd.' CAPITAL MANAGEMENT GROUP Evolution of Weighted Average Rating Factor 3,000 2.800 2.600 2,400 Evolution of Weighted Average Spread Class D Overcollateralization Cushion 5.0% 4.8% 4.6% 4.4% 4.2% 4.0% 3.8% 109% • 108% • 107% • 106% 105% • 104% 103% • 'S • 4's •