U.S. Structured Credit CLO Standard & Poor's Ratings Services 17g-7 Disclosure Report: <strong>GoldenTree</strong> <strong>Loan</strong> <strong>Opportunities</strong> <strong>VI</strong> <strong>Ltd</strong>./ <strong>GoldenTree</strong> <strong>Loan</strong> <strong>Opportunities</strong> <strong>VI</strong> LLC 31 Not included in the Benchmark. The Portfolio Manager is registered as an "investment adviser" under the Investment Advisers Act. Copyright © 2012 by Standard & Poor's Ratings Services LLC. All rights reserved. No reprint or dissemination without S&P’s permission. See Disclaimer on the last page. Page 8
U.S. Structured Credit CLO Standard & Poor's Ratings Services 17g-7 Disclosure Report: <strong>GoldenTree</strong> <strong>Loan</strong> <strong>Opportunities</strong> <strong>VI</strong> <strong>Ltd</strong>./ <strong>GoldenTree</strong> <strong>Loan</strong> <strong>Opportunities</strong> <strong>VI</strong> LLC Enforcement mechanism(s) 32 The Collateral Manager may be removed for Cause upon ## days’ prior written notice by the Issuer at the direction of either (i) a Majority of the Income Notes with the prior written consent of a Majority of the Controlling Class which consent will not be unreasonably withheld, or (ii) at the direction of a Majority of the Controlling Class; provided that, as long as any of the Notes are Outstanding, notice of such removal will have been given to the Holders of each Class of Notes. For purposes of determining “Cause” with respect to removal of the Collateral Manager by the Issuer, such term shall mean any one of the following events… The failure of any representation, warranty, certification or statement made or delivered by the Collateral Manager in or pursuant to this Agreement or the Indenture to be correct in any material respect when made which failure (A) could reasonably be expected to have a material adverse effect on the Holders of any Class of Notes and (B) is not corrected by the Collateral Manager within 30 days of a Responsible Officer of the Collateral Manager becoming aware of, or its receipt of notice from the Issuer or the Trustee of, such failure; The Portfolio Manager may be removed for cause upon 30 days' prior written notice by the Issuer or the Trustee, at the direction of the Holders (in each case, voting separately by Class) of at least (i) 66⅔% of the Aggregate Outstanding Amount of the Controlling Class, and (ii) 66⅔% of the Aggregate Outstanding Amount of the Subordinated Notes; provided, however, that the Portfolio Manager will have the opportunity to cure or remove the breach, event or other circumstances giving rise to the cause event specified in such notice and, in the event that the Portfolio Manager cures such breach, event or other circumstances within the 30-day notice period, such breach, event or other circumstance will no longer constitute cause for removal; provided, further, that, notwithstanding the foregoing, removal pursuant to clause (3) of the definition of "cause" below shall be automatic without notice required from the Issuer, the Trustee or any other Person. Notice of such removal for cause shall be given by or on behalf of the Issuer to the Holders of each Class of Securities. For purposes of determining whether the Holders of the required percentage of the Aggregate Outstanding Amount of the Securities have given notice of removal of the Portfolio Manager for cause, Securities owned by the Portfolio Manager or any Affiliate thereof shall be disregarded and deemed to be not Outstanding. No such removal shall be effective until the date as of which a successor Portfolio Manager shall have agreed in writing to assume all of the Portfolio Manager's duties and obligations pursuant to this Agreement and as specified in the Indenture. Any such successor Portfolio Manager shall be appointed pursuant to Section 13(e) hereof. For purposes of determining "cause" with respect to any such removal of the Portfolio Manager, such term means any one of the following events: 1) the Portfolio Manager willfully violates, or takes any action that the Portfolio Manager knows breaches, any provision of this Agreement or the Indenture applicable to the Portfolio Manager; 2) the Portfolio Manager breaches in any material respect any provision of this Agreement or any terms of the Indenture applicable to the Portfolio Manager (other than as covered by clause (1) above and it being understood that failure to meet any Coverage Test, any Concentration Limitation or the Collateral Quality Test is not such a violation) which breach has a material adverse effect on any Holder of the Securities and the Portfolio Manager fails to cure such breach within 30 days of its becoming aware of, or its receiving notice from, the Trustee of, such breach; 3) the Portfolio Manager is wound up or dissolved or there is appointed over it or a substantial portion of its assets a receiver, administrator, administrative receiver, trustee or similar officer; or the Portfolio Manager (i) ceases to be able to, or admits in writing its inability to, pay its debts as they become due and payable, or makes a general assignment for the benefit of, or enters into any composition or arrangement with, its creditors generally; (ii) applies for or consents (by Copyright © 2012 by Standard & Poor's Ratings Services LLC. All rights reserved. No reprint or dissemination without S&P’s permission. See Disclaimer on the last page. Page 9
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