RIN II •094 Alpha Group Capital LLC the Issuer, the Co-Issuer and the Placement Agent do not assume any responsibility for the accuracy, completeness or applicability of such information. The U.S. Risk Retention Regulations require the "sponsor" (the "Sponsor") of a "securitization transaction" to retain (either directly or through its "majority-owned affiliates") not less than 5% of the "credit risk" of "securitized assets" (as such terms are defined in the U.S. Risk Retention Regulations). For purposes of this transaction, the Portfolio Advisor would be considered to be a "sponsor" for purposes of the U.S. Risk Retention Regulations of the intended Refinancing. To this end, the sponsor or its majority-owned affiliate will retain an "eligible vertical interest" or an "eligible horizontal residual interest" (as such terms are defined in the U.S. Risk Retention Regulations), or any combination thereof. The information appearing in this section has been provided for purposes of satisfying the requirements of the U.S. Risk Retention Regulations, and as such, the information in this section should be taken together with the other information in this Offering Memorandum when making an investment decision with respect to the Refinancing Securities. RREEF intends to satisfy the U.S. Risk Retention Regulations with respect to the intended Refinancing by the Retention Holder, RREEF's majority-owned affiliate (i) purchasing an "eligible vertical interest" (the "U.S. Retention Interest") (A) on each Preferred Shares Issuance Date in an amount of not less than 5% of the Preferred Shares issued on such date and (B) on the Refinancing Closing Date in an amount of not less than 5% of the principal amount of each class of Refinancing Securities issued by the Issuer on such date and (ii) holding the U.S. Retention Interest in the manner and for so long as required under the U.S. Risk Retention Regulations. The Retention Holder will also acquire 5% of the Initial Fac