EFTA01365627.pdf

"Moody's Rating Factor: With respect to any Collateral Obligation. the number set forth in the table below opposite the Moody's Rating of such Collateral Obligation. Moody's Moody's Moody's Rating Moody's Rating Rating Factor Rating Factor Aaa* 1 Bal 940 MI 10 Ba2 1350 Aa2 20 Ba3 1.766 Aa3 40 BI 2,220 Al 70 B2 2,720 A2 120 B3 3.490 A3 180 Caal 4,770 Baal 260 Caa2 6,500 Baa2 360 Caa3 8.070 Baa3 610 Ca. C or lower 10,000 • or any obligation issued or guaranteed as to the payment of principal and interest by the United States of America or any agency or instrumentality thereof the obligations of which are expressly backed by the full faith and credit of the United States of America. "Moody's Recovery Rate": With respect to any Collateral Obligation. as of any date of determination, will be the recovery rate determined in accordance with the following• in the following order of priority: (a) if the Collateral Obligation has been specifically assigned a recovery rate by Moody's (for example, in connection with the assignment by Moody's of an estimated rating). such recovery rate: (b) if the preceding clause does not apply to the Collateral Obligation and the Collateral Obligation is a Senior Secured Loan or a Moody's Non Senior Secured Loan. the rate determined pursuant to the table below based on the number of rating subcategories difference between the Collateral Obligation's Moody's Obligation Rating and its Moody's Default Probability Rating (for purposes of clarification, if the Moody's Obligation Rating is higher than the Moody's Default Probability Rating. the rating subcategories difference will be positive and if it is lower, negative): Number of Moody's Ratings Subcategories Difference Moody's Between the Moody's Obligation Rating and the Moody's Senior Secured Non Senior Secured Default Probability Rating Loans Loans Bonds +2 or more 60.0% 45.0% 40.0% +1 50.0% 42.5% 35.0% 0 45.0% 40.0% 30.0% -1 40.0% 30.0% 15.0% -2 30.0% 15.0% 10.0% -3 or less 20.0% 10.0% 2.0% and (c) if no recovery rate has been specifically assigned with respect to a Loan pursuant to clause (a) or (b) above or if the Loan is a DIP Loan, 50%. 115 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0056425 CONFIDENTIAL SDNY GM_00202609 EFTA01365627