EFTA Document EFTA01370422

CONFIDENTIAL - FOR DISCUSSION PURPOSES ONLY Transaction Overview Ramp-Up of the Portfolio • The Portfolio Advisor seeks to accumulate a portfolio of up to approximately $500 million (the 'Portfolio') • The Portfolio is expected to be funded by Equity and a warehouse facility (the "Initial Facility') with an advance rate of up to 30%" • Initial Facility is expected to be held by Barclays (Facility Agent) and Deutsche Bank — Barclays is expected to hold 95% of the Initial Facility, and Deutsche Bank is expected to hold 5% of the Initial Facility • Pricing on the Initial facility is expected to be L+120bps • Deutsche Bank expected to retain 5% of the Initial Facility (awl the subsequent Rated Notes) and the Equity throughout the life of the transaction Intended refinancing of the Portfolio • Once the Portfolio is approximately 75%4036 ramped, the Portfolio Advisor intends to refinance the Initial Facility with at least $425 million of Rated Notes Indicative Issuer Timeline Intended refinancing Ramp.Up Period Reinvestment Period 4.5 Years Illustrative Term Capital Structure12 End of Reinvestment Period Portfolio / Collateral Pool: 30- 40 loans 15 - 20 sub-sectors Interest, Deal Fees, d Principal Rated Notes Trenches (Likely 85%+ of Capital Structure) Equity (oweled) mar of 15 % of Capital Structure Amortization Period Up to 7 Years Deutsche Asset Management Overview Portfolio Advisor Team • t;etitscht: ti..n.tigetnent L,ttrAti. t roc cl trte leading independent asset managers. with $840 billion under management across all asset classes" • Deutsche AM's global infrastructure platform the 'Platform") has -323 billion in assets under management with more than $1.7 billion dedicated to mItastructure debt" • Platform currently employs 38 professionals globally with 7 dedicated infrastructure debt professionals" • The team has been investing since November 2014 and has deployed capital into 53 investments" © 2018 Deutsche Asset Management All rights reserved. RIN II Ltd. March 2019 See "Eadnotes' and 'Important Information- for additional important notes. Jorge Rodriguez Pod If folio Manager Jonathan Newman Pontlolto Mdonger Cameron Berns A+s Vent Vice President Manager Performance Fee Final RIN Maturity Matt Woods Cs met ion Joshua Kim Associate 7.431 years of reinvent ornenrincri 2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00209396 DB-SDNY-0063212 EFTA01370422