EFTA Document EFTA01378252

OCH-ZIFF Investment Process CAPITAL MANAGEMENT GROUP 1111111SEIS JCS Teem • Global footprint across all major markets ■ Core strategies across performing credit, distressed, special situations, structured and private investments • Active dialogue between credit analysts, industry coverage and portfolio manager ■ Critical mass and global reach results in unique sourcing and purchasing opportunities ■ Leverage relationshipswith sponsors and advisors Investment analysts ■ Industry evaluation and assessment ■ Financial modeling and free cash flow analysis ■ Asset valuation and relative value analysis ■ Consultation with trading team to understand technical factors Portfolio Manaaer ■ Daily meetings with analysts ■ Financial/ Legal review and discussion ■ Dynamic process to reassess investments and review now opportunities ■ Selects best investment ideas and identifies best credit instrument ■ Performs scenario analysis to maximize risks / rewards ■ Performs stress tests to assess performance under various economic outcomes JCS Investment Committee Investment ■ U.S.: David Windreich Harold Kelly Brett Klein Donald Young ■ Europe: Brett Klein Donald Young Adeel Shafiqullah Mathieu Clavel Tajinder Sidhu ■ Approval required on all investments ■ Ongoing review of structure and market performance ■ Discussion of concentrations, spreads, exposures, risks and recent trades Execution ■ Portfolio Manager oversees execution of all trades to ensure best execution ■ Trade initiation after ICS Investment Committee approval The ICS Teem generates ideas utilizing their internal and external networks with a focus on deep fundamentals R h• driven, fundamental bottom-up analysis focused on fundamentals, qualitative and quantitative factors ■ Global network of trading relationships across credit platform ensures access to deep markets and best levels Investment Analysts ■ Dedicated credit analysts ■ Ongoing interaction with Och.Ziff industry specialists ■ In-house restructuring and recovery expertise utilized in relevant situations Portfolio Manner ■ Daily meeting with analysts and portfolio review ■ Surveillance of portfolio concentrations, exposures and other risks ■ Monitoring of collateral management function and coordination of necessary legal review ■ Identification of key issues at ICS Investment Committee meetings ICS Investment Committee ■ Ongoing review of structure and market performance ■ Discussion of concentrations, exposures, risks and recent trades Portfolio Anelvtics Teem ■ In-house and third party systems utilized to track positions and monitor structural compliance ■ Systems perform parallel checks of all indenture requirements and other obligations As of September 1, 2015 unless otherwise noted. Note: The invintment and rest management process set forth above are provided for illustrative purposes only and may vary from investment to investment This is a high-level overview of the risk-rnana gement framework; the risk management process may be changed and the actual steps in the nsk management process may vary and may be substituted, supplemented or omitted 0CH-ZIFF CAPITAL MANAGEMENT GROUP CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0075415 SDNY_GM_00221599 10 EFTA01378252