EFTA01376255

IN WITNESS WHEREOF, we have set our hands and executed this INDENTURE as a Deed as of the date first written above. ING IM CLO 2011-1, LTD., as Issuer Executed as a Deed By: Name: Title: Witnessed by: Name: Desiree Lawson Rich rd Gordon Director ING IM CLO 2011-1 LLC, as Co-Issuer By: Name: Title: THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee By: Name: Title: CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0072231 CONFIDENTIAL SONY GM_00218415 EFTA01376255