Attentus CDO I Offering Circular - Irish Stock Exchange

Confidentiality; Limitations on Available Information. In connection with the purchase of certain
Collateral Debt Securities, the Issuer may be required to enter into one or more confidentiality agreements
regarding certain information received with respect to the Trust Preferred Securities Issuers, the
Subordinated Securities Issuers, the Senior Securities Issuers and/or certain other parties relating to such
Collateral Debt Securities. As a result thereof, the ability of the Issuer, or the Collateral Manager on
behalf of the Issuer, to provide certain information to Holders regarding the Collateral Debt Securities
may be restricted or limited. The Issuer, or the Collateral Manager on behalf of the Issuer, will be
obligated to provide certain non-confidential information regarding the Collateral Debt Securities and the
issuers thereof to Holders upon their request therefor.
Valuation Information. Neither the Issuer nor any other party will be required to provide periodic
pricing or valuation information to investors.
Certain Conflicts of Interest
The activities of the Collateral Manager, the Initial Purchaser and their respective affiliates may
result in certain conflicts of interest.
Conflicts of Interest Involving the Collateral Manager. Various potential and actual conflicts of
interest may arise from the overall, advisory, investment and other activities of the Collateral Manager
and its affiliates for their own accounts or for their respective client accounts. The Collateral Manager, its
affiliates and their respective clients may invest in securities that would be appropriate as security for the
Senior Notes, and they have no duty in making such investments to act in a way that is favorable to the
Issuer or the Holders of Notes. Such investments or purchases may be different from those made by the
Issuer. The Collateral Manager may in the future serve as collateral manager or advisor or sub-advisor
for other collateralized bond obligation vehicles and/or collateralized loan obligation vehicles (or the
like). In addition, affiliates and clients of the Collateral Manager may invest in securities that are senior
to, or have interests different from or adverse to, the securities that are pledged to secure the Senior Notes.
The Collateral Manager and/or its affiliates may at certain times be seeking to purchase or dispose of
investments for its respective accounts, or any similar entities for which it serves as manager or advisor
and for its other clients or affiliates, at the same time that is evaluating the collateral for the Senior Notes
or seeking to sell such collateral.
Neither the Collateral Manager nor any of its affiliates is under any obligation to offer investment
opportunities of which they become aware to the Issuer or to account to the Issuer for (or share with the
Issuer or inform the Issuer of) any such transaction or any benefit received by them from any such
transaction or to inform the Issuer of any investments before offering any investments to other funds or
accounts that the Collateral Manager and/or its affiliates manage or advise. Furthermore, the Collateral
Manager and/or its affiliates may make an investment on behalf of any account that they manage or
advise without offering the investment opportunity to the Issuer. The Collateral Manager and/or its
affiliates have no affirmative obligation to offer any investments to the Issuer or to inform the Issuer of
any investments before offering any investments to other funds or accounts that the Collateral Manager
and/or its affiliates manage or advise. Furthermore, the Collateral Manager and its affiliates may make an
investment on their own behalf without offering the investment opportunity to the Issuer. Affirmative
obligations may exist or may arise in the future, whereby the Collateral Manager and/or its affiliates are
obligated to offer certain investments to funds or accounts that they manage or advise, although the
Collateral Manager will not have any affirmative obligation to offer those investments to the Issuer. The
Collateral Manager and its affiliates also have no affirmative obligation to inform the Issuer of any
investments before engaging in any investments for themselves. The Collateral Manager may inform the
Issuer of investment opportunities in securities or other assets that it has declined to invest in for its own
account, the account of any of its affiliates or the account of its other clients. In the event a conflict
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