EFTA Document EFTA01365226

SUMMARY OF TERMS The following summary does not purport to be complete and is qualified in its entirety by reference to (i) the detailed information appearing elsewhere in this Offering Circular and (ii) the terms and provisions of the related documents and agreements referred to herein. Certain capitalized terms used but not defined in the following summary are defined elsewhere in this Offering Circular. Issuer Clear Lake CLO, Ltd.. a Cayman Islands exempted company Co-Issuer Clear Lak