CONSENT MATERIAL MOUNTAIN VIEW CLO II LTD. MOUNTAIN VIEW CLO II CORP. NOTICE OF PROPOSED ASSIGNMENT OF COLLATERAL MANAGEMENT AGREEMENT

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1 The Bank of New York Mellon Trust Company, National Association CONSENT MATERIAL MOUNTAIN VIEW CLO II LTD. MOUNTAIN VIEW CLO II CORP. NOTICE OF PROPOSED ASSIGNMENT OF COLLATERAL MANAGEMENT AGREEMENT NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RE-TRANSMITTAL TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER. January 13, 2014 To: The Holders of the Securities as of January 10, 2014 (the Record Date ): Securities CUSIP * Rule 144A ISIN * Rule 144A CUSIP * Reg S ISIN * Reg S Class A -1 Notes 62443PAA7 US62443PAA75 G6298GAA3 USG6298GAA34 Class A-2 Notes 62443PAB5 US62443PAB58 G6298GAB1 USG6298GAB17 Class A-3 Notes 62443PAC3 US62443PAC32 G6298GAC9 USG6298GAC99 Class B Notes 62443PAD1 US62443PAD15 G6298GAD7 USG6298GAD72 Class C Notes 62443PAF6 US62443PAF62 G6298GAF2 USG6298GAF21 Class D Notes 62443PAH2 US62443PAH2 G6298GAH8 USG6298GAH86 Class E Notes 62443MAA4 US62443MAA45 G6298EAA8 USG6298EAA85 Preference Shares 62443M205 US62443M2052 G6298E209 KYG6298E2097 To: Those Additional Addressees Listed on Schedule I hereto Reference is made to (i) that certain Indenture dated as of December 7, 2006 (as amended, supplemented or modified from time to time, the Indenture ), among MOUNTAIN VIEW CLO II LTD., as Issuer (the Issuer ), MOUNTAIN VIEW CLO II CORP., as Co-Issuer * No representation is made as to the correctness of the CUSIP or ISIN numbers either as printed on the Securities or as contained in this Notice. Such numbers are included solely for the convenience of such Holders. HOU: /00006: v1

2 (the Co-Issuer, together with the Issuer, the Co-Issuers ), THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION (f/k/a The Bank of New York Trust Company, National Association), as Trustee (the Trustee ), and SUNTRUST BANK, as Class A-2 Note Agent and Class A-3 Note Agent and (ii) that certain Collateral Management Agreement dated as of December 7, 2006 (as amended, supplemented or modified from time to time, the Collateral Management Agreement ) between the Issuer and SEIX INVESTMENT ADVISORS LLC (f/k/a Seix Advisors), as Collateral Manager (the Collateral Manager ). Capitalized terms used and not defined herein have the respective meanings given to them in the Indenture or the Collateral Management Agreement. At the direction of the Collateral Manager, the Trustee hereby provides a copy of the Collateral Manager s Notice of Proposed Assignment of Collateral Management Agreement (the Notice ). A copy of the Notice is attached hereto as Annex A. THE TRUSTEE MAKES NO RECOMMENDATIONS AS TO ANY ACTION TO BE TAKEN OR NOT TO BE TAKEN WITH RESPECT TO THE NOTICE OR OTHERWISE. YOU ARE ADVISED TO CONSULT YOUR OWN LEGAL AND INVESTMENT ADVISORS. Should you have any questions, please contact Anthony Menjivar by phone at (412) or by at anthony.menjivar@bnymellon.com. THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee and Preference Share Paying Agent -2-

3 SCHEDULE I Additional Addressees Issuer: Mountain View CLO II Ltd. c/o MaplesFS Limited P.O. Box 1093 Boundary Hall, Cricket Square Grand Cayman KY Cayman Islands Attn: The Directors Fax: (345) Co-Issuer: Mountain View CLO II Corp. c/o Puglisi & Associates 850 Library Avenue, Suite 204 Newark, Delaware Attn: Director Fax: (302) Class A-2 Note Agent and Class A-3 Note Agent: SunTrust Bank 303 Peachtree Street, Mail Code 0669 Atlanta, Georgia Re: Mountain View CLO II Ltd. Company Announcements Office Irish Stock Exchange Limited: Company Announcements Office Irish Stock Exchange Limited 28 Anglesea Street Dublin 2, Ireland Irish Paying Agent: Grant Thornton City Quay Dublin 2 Ireland Administrator: MaplesFS Limited P.O. Box 1093 Boundary Hall, Cricket Square George Town, Grand Cayman KY Cayman Islands Fax: (345) Attn: The Directors Collateral Manager: Seix Investment Advisors LLC 10 Mountainview Road, Suite C-200 Upper Saddle River, NJ Rating Agencies: Standard & Poor s 55 Water Street New York, New York Attn: CDO Surveillance cdo_surveillance@standardandpoors.com Moody s Investors Service 7 World Trade Center 250 Greenwich Street New York, New York Attn: CBO/CLO Monitoring Fax: (212) cdomonitoring@moodys.com Hedge Counterparty: SunTrust Bank 3333 Peachtree Road, NE, 11th Floor Atlanta, Georgia Attn: Victor Seoane AGFP: AG Financial Products Inc Avenue of the Americas New York, NY Attn: Risk Management Department Re: Mountain View CLO II Ltd. D , , and Fax: (212) ; (212) RiskManagementDept@assuredguaranty.com with a copy to: General Counsel Fax: (212) ; (212) DTC, Euroclear & Clearstream (if applicable): lensnotices@dtcc.com voluntaryreorgannouncements@dtcc.com drit@euroclear.com ca_mandatory.events@clearstream.com. -3-

4 ANNEX A COLLATERAL MANAGER S NOTICE

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