pstein asserts — incredibly, given his sophistication and success in this field — that his investment decisions were guided not by the comprehensive Private Placement Memoranda he received from BSAM, but by a single unsubstantiated conversation that he -2- EFTA00314491 purportedly had with Spector in the summer

financing. For summary purposes only, and qualified in its entirety by the definitive Private Placement Memorandum of the Issuer. (2) Please see the Private Placement memorandurn for further detail. (3) The target return of the Preferred Shares (as stated in the Private Placement memorandum and available upon requ