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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01376170: Appointment and Cayman Islands (DS10)

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This document is an excerpt from an investment management agreement concerning ING IM CLO 2011-1, Ltd., an exempted company incorporated in the Cayman Islands, discussing the appointment of a successor investment manager and modifications to incentive fee amounts effective upon such appointment.

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Excerpt 1
that if the Investment Manager Incentive Fee Amount is modified pursuant to Section 12(e) of the Investment Management Agreement in connection with the **appointment**
Excerpt 2
of a successor investment manager, it shall be as modified commencing on the date such **appointment** becomes effective or such later date to which the successor
Excerpt 3
"Issuer": ING IM CLO 2011-1, Ltd., an exempted company incorporated with limited liability and existing under the laws of the **Cayman** **Islands** until a successor

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