RIN II - 094 Alpha Group Capital LLC DBRS Corporate Recovery Rates for Tier 1 Countries Liability Rating Class Senior Secured Loan' Senior Secured Bond Second Lien and Senior Unsecured Subordinate AM (sf) 50.75% 43.75% 28.50% 10.00% AA (It) 54.00% 50.25% 30.75% 12.50% A (sf) 60.50% 56.75% 31.25% 13.50% BBB (st) 66.00% 62.25% 32.00% 15.00% BB (sf) 74.00% 69.25% 36.50% 17.50% B (sf) 77.00% 69.25% 36.50% 17.50% CCC (sf) 80.25% 69.25% 36.50% 17.50% DBRS Corporate Recovery Rates for Tier 2 Countries Liability Rating Class Senior Secured Loan' Senior Secured Bond Second Lien and Senior Unsecured Subordinate MA (sf) 45.75% 38.75% 23.50% 5.00% M (sf) 49.00% 45.25% 25.75% 7.50% A (sf) 55.50% 51.75% 26.25% 8.50% BBB (sf) 61.00% 57.25% 27.00% 10.00% BB (sf) 69.00% 64.25% 31.50% 12.50% B (sf) 72.00% 64.25% 31.50% 12.50% CCC (sf) 75.25% 64.25% 31.50% 12.50% DBRS Corporate Recovery Rates for Tier 3 Countries Liability Rating Class Senior Secured Loan' Senior Secured Bond Second Lien and Senior Unsecured Subordinate MA (sf) 40.75% 33.75% 18.50% 0.00% AA (sf) 44.00% 40.25% 20.75% 2.50% A (st) 50.50% 46.75% 21.25% 3.50% BBB (sf) 56.00% 52.25% 22.00% 5.00% BB (sf) 64.00% 59.25% 26.50% 7.50% B (sf) 67.00% 59.25% 26.50% 7.50% CCC (sf) 70.25% 59.25% 26.50% 7.50% [Solely for the purpose of determining the DBRS Corporate Recovery Rate for such loan, no loan will constitute a Senior Secured Loan unless such loan (1) if DBRS is not providing ratings with respect to the Facilities, satisfies the definition thereof in the Reference Document and (b) if DBRS is providing ratings with respect to the Facilities, (a) is not (and by its terms is not permitted to become) subordinate in right of payment to any other debt for borrowed money incurred by the Obligor of such Collateral Obligation, (b) is secured by a valid first priority perfected security interes