Cypress affiliates regularly borrow on the following basis:

Transaction Debt
• Non-recourse
• Fixed rate
• Secured by first lien in equipment for a specific transaction
• Amortization met by non-cancelable lease payments
• Two to six year maturities

Portfolio Debt
• Recourse
• Floating rate
• Secured by first lien in equipment for a specific transaction
• Amortization met in part by residual proceeds
• Two to six year maturities

Bridge Debt
• Provided as line of credit
• Recourse
• Floating rate
• Each borrowing secured by first lien in equipment or by assignment of beneficial
   interest in a specific transaction
• Amortization met by equity proceeds
• Six month maturities