<SEC-DOCUMENT>0001144204-14-066145.txt : 20141107
<SEC-HEADER>0001144204-14-066145.hdr.sgml : 20141107
<ACCEPTANCE-DATETIME>20141107171446
ACCESSION NUMBER: 0001144204-14-066145
CONFORMED SUBMISSION TYPE: 10-Q
PUBLIC DOCUMENT COUNT: 8
CONFORMED PERIOD OF REPORT: 20140930
FILED AS OF DATE: 20141107
DATE AS OF CHANGE: 20141107
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: OHA Investment Corp
CENTRAL INDEX KEY: 0001297704
IRS NUMBER: 201371499
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 10-Q
SEC ACT: 1934 Act
SEC FILE NUMBER: 814-00672
FILM NUMBER: 141205857
BUSINESS ADDRESS:
STREET 1: 1114 AVENUE OF THE AMERICAS
STREET 2: 27TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: (212) 326-1500
MAIL ADDRESS:
STREET 1: 1114 AVENUE OF THE AMERICAS
STREET 2: 27TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
FORMER COMPANY:
FORMER CONFORMED NAME: NGP Capital Resources Co
DATE OF NAME CHANGE: 20081120
FORMER COMPANY:
FORMER CONFORMED NAME: NGP Capital Resources CO
DATE OF NAME CHANGE: 20040720
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>v393222_10q.htm
<DESCRIPTION>FORM 10-Q
<TEXT>
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<P STYLE="margin: 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 10-Q</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(Mark One)</B></P>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.4in"><FONT STYLE="font-family: Wingdings"><B>x</B></FONT></TD><TD><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><B>For the quarterly period ended September
30, 2014</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>or</B></P>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.4in"><FONT STYLE="font-family: Wingdings"><B>¨</B></FONT></TD><TD><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><B>For the transition period from _____________
to _______________</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.4in"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission file number: 814-00672</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OHA Investment Corporation</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="width: 48%; text-align: center"><B>Maryland</B></TD>
<TD STYLE="width: 4%; text-align: center"> </TD>
<TD STYLE="width: 48%; text-align: center"><B>20-1371499</B></TD></TR>
<TR>
<TD STYLE="text-align: center"><B>(State or other jurisdiction of</B></TD>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"><B>(I.R.S. Employer</B></TD></TR>
<TR>
<TD STYLE="text-align: center"><B>incorporation or organization)</B></TD>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"><B>Identification No.)</B></TD></TR>
<TR>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"> </TD></TR>
<TR>
<TD>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1114 Avenue of the Americas,</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>27<SUP>th</SUP> Floor</B></P></TD>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"><B>10036</B></TD></TR>
<TR>
<TD STYLE="text-align: center"><B>New York, New York</B></TD>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"><B>(Zip Code)</B></TD></TR>
<TR>
<TD STYLE="text-align: center"><B>(Address of principal executive</B><BR>
<B>offices)</B></TD>
<TD STYLE="text-align: center"> </TD>
<TD STYLE="text-align: center"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 326-1500</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Registrant’s telephone number,
including area code)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes <FONT STYLE="font-family: Wingdings">x</FONT> No <FONT STYLE="font-family: Wingdings">¨</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files). Yes <FONT STYLE="font-family: Wingdings">¨</FONT>
No <FONT STYLE="font-family: Wingdings">¨</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2
of the Exchange Act.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 25%; text-indent: 0in">Large accelerated filer <FONT STYLE="font-family: Wingdings">¨</FONT></TD>
<TD STYLE="width: 25%; text-indent: 0in">Accelerated filer <FONT STYLE="font-family: Wingdings">x</FONT></TD>
<TD STYLE="width: 25%; text-indent: 0in">Non-accelerated filer <FONT STYLE="font-family: Wingdings">¨</FONT></TD>
<TD STYLE="width: 25%; text-indent: 0in">Smaller reporting company <FONT STYLE="font-family: Wingdings">¨</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="4" STYLE="text-indent: 0in; text-align: center">(Do not check if smaller reporting company)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes <FONT STYLE="font-family: Wingdings 2">£</FONT> No
<FONT STYLE="font-family: Wingdings 2">T</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of November 6, 2014, there were 20,616,422
shares of the registrant’s common stock outstanding.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Table
of Contents</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="width: 90%"><A HREF="#a_1">PART I – FINANCIAL INFORMATION</A></TD>
<TD STYLE="width: 10%; text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_2">Item 1. Financial Statements.</A></TD>
<TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_3">Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.</A></TD>
<TD STYLE="text-align: right">26</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_4">Item 3. Quantitative and Qualitative Disclosures About Market Risk.</A></TD>
<TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_5">Item 4. Controls and Procedures.</A></TD>
<TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD><A HREF="#a_6">PART II – OTHER INFORMATION</A></TD>
<TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_7">Item 1. Legal Proceedings.</A></TD>
<TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_8">Item 1A. Risk Factors.</A></TD>
<TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_9">Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.</A></TD>
<TD STYLE="text-align: right">37</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><A HREF="#a_10">Item 6. Exhibits.</A></TD>
<TD STYLE="text-align: right">37</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="padding-left: 9pt"> </TD>
<TD STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD><A HREF="#a_11">SIGNATURES</A></TD>
<TD STYLE="text-align: right">38</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_1"></A>PART I – FINANCIAL INFORMATION</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_2"></A>Item 1. Financial Statements.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED BALANCE
SHEETS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(In Thousands, Except
Share and Per Share Amounts)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I></I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: center"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">September 30,</TD><TD STYLE="font-weight: bold"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">December 31,</TD><TD STYLE="font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">(Unaudited)</TD><TD STYLE="font-weight: bold"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"> </TD><TD STYLE="font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD>Assets</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="width: 74%; text-align: left; text-indent: -0.1in; padding-left: 16.2pt">Investments in portfolio securities at fair value </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"></TD><TD STYLE="width: 10%; text-align: right"></TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"></TD><TD STYLE="width: 10%; text-align: right"></TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Control investments (cost: $28,655 and $27,459, respectively)</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">14,953</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">24,218</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Affiliate investments (cost: $17,855 and $17,510, respectively)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">16,970</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">17,043</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Non-affiliate investments (cost: $140,004 and $176,988, respectively)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">139,033</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">170,110</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 27pt">Total portfolio investments (cost: $186,514 and $221,957, respectively)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">170,956</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">211,371</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Investments in U.S. Treasury Bills at fair value (cost: $30,610 and $46,000, respectively)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">46,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">201,566</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">257,371</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Cash and cash equivalents</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">55,602</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">29,298</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Accounts receivable and other current assets</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">881</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">464</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Interest receivable</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">675</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,397</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Prepaid assets</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,807</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,093</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total current assets</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">58,965</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,252</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 0.5in">Total assets</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">260,531</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">292,623</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Liabilities and net assets</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Current liabilities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Accounts payable and accrued expenses</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,718</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,313</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Management and incentive fees payable</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,254</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,387</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Dividends payable</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3,299</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3,280</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Income taxes payable</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">56</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">91</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt; padding-left: 0.25in">Short-term debt</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">45,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total current liabilities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">36,327</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">51,071</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt; padding-left: 9pt">Long-term debt</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">57,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">53,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total liabilities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">93,327</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">104,071</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Commitments and contingencies (Note 6)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Net assets</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 0.35in"><P STYLE="margin-top: 0; margin-bottom: 0">Common stock, $.001 par value, 250,000,000 shares authorized;</P>
<P STYLE="margin-top: 0; margin-bottom: 0"> 20,616,422 and 20,499,188 shares issued and outstanding</P></TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">21</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 0.25in">Paid-in capital in excess of par</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">248,758</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">247,759</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Undistributed net investment income (loss)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(9,843</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(583</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Undistributed net realized capital gain (loss)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(59,292</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(51,176</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Net unrealized appreciation (depreciation) on investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(12,440</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,468</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total net assets</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">167,204</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">188,552</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 2.5pt">Total liabilities and net assets</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">260,531</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">292,623</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt">Net asset value per share</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8.11</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9.20</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><I>(See accompanying notes to consolidated financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONSOLIDATED STATEMENTS OF OPERATIONS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(In Thousands, Except Per Share Data)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">For The Three Months Ended</TD><TD STYLE="font-weight: bold"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">For The Nine Months Ended</TD><TD STYLE="font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">September 30,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">September 30,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 1.5pt">Investment income</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Interest income:</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 48%; text-align: left; padding-left: 0.25in">Control investments</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">456</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">546</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,480</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,439</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">630</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">513</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,700</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">4,568</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 0.25in">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3,414</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3,896</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">10,510</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">12,356</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Dividend income:</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 0.25in">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,010</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,005</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,992</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,983</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Royalty income, net of amortization:</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Control investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">22</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">19</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">63</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">34</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-left: 0.25in">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">65</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">16</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Other income (loss)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">31</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(29</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">134</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(14</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total investment income</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,573</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,966</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,944</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,382</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 1.5pt">Operating expenses</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Interest expense and bank fees</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">405</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">655</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,569</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,468</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Management and incentive fees</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,254</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,405</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3,906</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">4,602</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Costs related to strategic alternatives review</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">5,352</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">6,017</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in; text-indent: -0.125in">Professional fees, net of legal fees of $418, $558, $1,306 and $2,914, respectively, related to ATP bankruptcy (See Note 6)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">210</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">271</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">777</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">830</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Insurance expense</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">187</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">180</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">545</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">539</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Other general and administrative expenses</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">936</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">811</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,476</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,478</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total operating expenses</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,344</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,322</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,290</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,917</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.5pt">Income tax provision, net</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">56</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">49</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 1.5pt">Net investment income (loss)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,788</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,633</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">598</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,416</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 1.5pt">Net realized capital gain (loss) on investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Control investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(325</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(464</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">95</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(250</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-left: 9pt">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">962</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(7,886</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,550</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Benefit (provision) for taxes on realized gain (loss)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(53</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(53</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total net realized capital gain (loss) on investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">962</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(53</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,116</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">783</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 1.5pt">Net unrealized appreciation (depreciation) on investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Control investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(3,644</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(459</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(10,460</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(3,469</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">666</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">189</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(418</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">270</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-left: 9pt">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(1,275</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,741</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">5,906</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(7,044</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.1in; padding-left: 16.2pt">Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in; text-indent: -0.125in">Total net unrealized appreciation (depreciation) on investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,253</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,471</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,972</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,242</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 1.5pt"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 0.125in; text-indent: -0.125in">Net increase (decrease) in net assets resulting from operations</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(6,079</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,051</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(12,490</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">957</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right; padding-left: 1.5pt"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -0.1in; padding-left: 0.1in">Net increase (decrease) in net assets resulting from operations per common share</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.30</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.25</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(0.61</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.05</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt; padding-left: 1.5pt"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-left: 1.5pt">Dividends declared per common share</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.48</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.48</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 1.5pt">Weighted average shares outstanding - basic and diluted</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20,500</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20,499</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20,500</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20,764</TD><TD STYLE="text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I> </I></P>
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<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED STATEMENT
OF CHANGES IN NET ASSETS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(In Thousands)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B> </B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Paid-in</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Undistributed</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Net Unrealized</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Capital</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Undistributed</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Net Realized</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Appreciation</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Common
Stock</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">in Excess</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Net Investment</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Capital</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">(Depreciation)</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Shares</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Amount</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">of
Par</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Income
(Loss)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Gain
(Loss)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">on
Investments</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Net
Assets</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 30%; font-weight: bold"><FONT STYLE="font-size: 8pt">Balance at December 31, 2013</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">20,499</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">20</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">247,759</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">(583</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">(51,176</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">(7,468</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 8pt">188,552</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">Net increase (decrease) in net assets resulting from operations</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">598</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8,116</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,972</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(12,490</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">Issuance of common stock to affiliate</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">117</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">999</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Dividends declared</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(9,858</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(9,858</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Balance at September 30, 2014</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">20,616</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">21</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">248,758</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">(9,843</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">(59,292</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">(12,440</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">167,204</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B> </B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> <B> </B></I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.65pt; text-align: center"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.65pt; text-align: center"><B>CONSOLIDATED STATEMENTS OF
CASH FLOWS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.65pt; text-align: center"><B>(In Thousands)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.65pt; text-align: center"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For The Nine Months Ended September 30,</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: center"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Cash flows from operating activities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="width: 74%; text-align: left; padding-left: 9pt">Net increase (decrease) in net assets resulting from operations</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(12,490</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">957</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; text-indent: -0.1in; padding-left: 16.2pt"><P STYLE="margin-top: 0; margin-bottom: 0">Adjustments to reconcile net increase (decrease) in net assets resulting</P>
<P STYLE="margin-top: 0; margin-bottom: 0"> from operations to net cash provided by operating activities:</P></TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-left: 0.25in">Payment-in-kind interest</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(1,001</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(1,337</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Net amortization of premiums, discounts and fees</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(816</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(631</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Net realized capital (gain) loss on investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">8,116</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(836</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Net unrealized depreciation (appreciation) on investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">4,972</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">10,243</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Net deferred income tax provision (benefit)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(1</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Effects of changes in operating assets and liabilities:</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 27pt">Accounts receivable and other current assets</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(417</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">552</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 27pt">Interest receivable</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,722</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">773</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 27pt">Prepaid assets</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,286</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(294</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 27pt">Payables and accrued expenses</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">237</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(642</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Purchase of investments in portfolio securities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(2,448</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(84,913</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Proceeds from redemption of investments in portfolio securities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">31,593</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">77,631</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Purchase of investments in U.S. Treasury Bills</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(122,611</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(137,999</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Proceeds from redemption of investments in U.S. Treasury Bills</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">138,001</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">138,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Net cash provided by operating activities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">46,144</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,503</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Cash flows from financing activities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Borrowings under revolving credit facilities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">241,000</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">343,500</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Repayments on revolving credit facilities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(252,000</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(337,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Acquisition of common stock under repurchase plan</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(3,381</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Proceeds from issuance of common stock to affiliate</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Dividends paid</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,840</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(10,006</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Net cash used in financing activities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(19,840</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,887</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Net increase (decrease) in cash and cash equivalents</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">26,304</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(5,384</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt">Cash and cash equivalents, beginning of period</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,298</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">47,655</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents, end of period</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">55,602</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">42,271</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(See accompanying
notes to consolidated financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I> </I></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED SCHEDULE
OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>September 30, 2014</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(In Thousands, Except
Share Amounts and Percentages)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Portfolio Company</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Industry Segment</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Investment (1) (5)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Principal</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Cost</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Fair Value (2)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">PORTFOLIO INVESTMENTS</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Control Investments - (More than 25% owned)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-size: 7pt">Contour Highwall Holdings, LLC</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 14%; text-align: center"><FONT STYLE="font-size: 7pt">Coal Mining</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-size: 7pt">Senior Secured Term Loan</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">10,757</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">10,778</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">7,500</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(12%, due 10/14/2015) (14)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">800 Membership Units representing</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">80% of the common equity (10)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Spirit Resources, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Tranche A - Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,458</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 8% or LIBOR + 4%,</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> due 4/28/2015)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Tranche B - Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,409</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,409</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,443</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 15% PIK or LIBOR + 11%,</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> due 10/28/2015) (6)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
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<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">80,000 Preferred Units representing</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
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<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">100% of the outstanding equity</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">3% Overriding Royalty Interest</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">10</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">510</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Control Investments - (More than 25% owned)</FONT> </TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">28,655</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">14,953</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
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<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Affiliate Investments - (5% to 25% owned)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">OCI Holdings, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Home Health Services</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Subordinated Note</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15,580</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15,355</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15,580</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 12% or LIBOR + 11% cash</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">plus 3% PIK, due 8/15/2018) (13)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">NGP/OCI Investments, LLC Class A</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Units representing 20.8% diluted ownership</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">of OCI Holdings, LLC</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,500</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,390</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Affiliate Investments - (5% to 25% owned)</FONT> </TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">17,855</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">16,970</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Non-affiliate Investments - (Less than 5% owned)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Castex Energy 2005, LP</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Redeemable Preferred LP Units</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50,024</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">54,334</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(current pay 8% cash, due 7/1/2016) (9)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">ATP Oil & Gas Corporation/</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Limited Term Royalty Interest</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">27,578</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">25,641</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 7pt"> Bennu Oil & Gas, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(Notional rate of 13.2%) (15)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Nekoosa Coated Products Holdings, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Coated Paper Products</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Second Lien Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">18,018</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">17,733</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">18,199</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Manufacturing and Distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(13% cash plus 2% PIK, due 10/22/2018) (16)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Shoreline Energy, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Second Lien Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,611</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,250</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,611</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 10.25% or LIBOR plus</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">9%, or the greater of 10.25% or</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Prime plus 8%, due 3/30/2019)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Talos Production, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Unsecured Notes</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">11,948</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12,360</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(9.75%, due 2/15/2018) (3)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">KOVA International, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Medical Supplies</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Subordinated Notes</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,860</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Manufacturing and Distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(12.75%, due 8/15/2018)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Huff Energy Holdings, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,747</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 12.5% or LIBOR +</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">8.5%, due 11/20/2015)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">3% Overriding Royalty Interest (11)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">44</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Warrants (12)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">44</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(See accompanying
notes to consolidated financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I> </I></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED SCHEDULE
OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>September 30, 2014</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(In Thousands, Except
Share Amounts and Percentages)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Continued)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Portfolio Company</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Industry Segment</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Investment (1) (5)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Principal</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Cost</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Fair Value (2)</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">PORTFOLIO INVESTMENTS
- Continued</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Non-affiliate Investments - (Less than 5% owned) - Continued</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-size: 7pt">Chroma Exploration &</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 14%; text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-size: 7pt">13,442 Shares Series A Participating</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">2,222</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 7pt"> Production, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Convertible Preferred Stock (6)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">12,275 Shares Series AA Participating</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,090</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Convertible Preferred Stock (6)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">8.11 Shares Common Stock</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Globe BG, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Coal Production</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Contingent earn-out related to July 2011 sale</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">of royalty interests in Alden Resources, LLC (8)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Myriant Corporation</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Alternative Fuels and</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">131,741 shares of common stock, representing</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">419</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Specialty Chemicals</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">0.56% of the outstanding common shares</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Warrants (7)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">49</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Non-affiliate Investments - (Less than 5% owned)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">140,004</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">139,033</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Portfolio Investments (84.8% of total investments)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">186,514</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">170,956</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">GOVERNMENT SECURITIES</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">U.S. Treasury Bills (4)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0.125in"><FONT STYLE="font-size: 7pt">Subtotal Government Securities (15.2% of total investments)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">TOTAL
INVESTMENTS</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">217,124</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">201,566</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED SCHEDULE
OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>September 30, 2014</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Continued)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>All of our portfolio investments are pledged as collateral for obligations under our Investment Facility. Our investments in
U.S. Treasury Bills are pledged as collateral for obligations under our Treasury Facility. See Note 3 of Notes to Consolidated
Financial Statements. Percentages represent interest rates in effect at the end of the period and due dates represent the contractual
maturity dates. Warrants, common stocks, units and earn-outs are non-income producing securities, unless otherwise stated.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Our Board of Directors determines, in good faith, the fair value of our investments. Fair value is determined using unobservable
inputs (Level 3 hierarchy), unless otherwise stated.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>Fair value is determined using prices with observable market inputs (Level 2 hierarchy). See Note 7 of Notes to Consolidated
Financial Statements.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>Fair value is determined using prices for identical securities in active markets (Level 1 hierarchy). See Note 7 of Notes to
Consolidated Financial Statements.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>All of our investments constitute “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act,
we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least
70% of our total assets. The status of these assets under the 1940 Act is subject to change. We monitor the status of these assets
on an ongoing basis.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(6)</TD><TD>Non-accrual status.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(7)</TD><TD>Myriant Corporation warrants expire on August 15, 2015 and provide us the right to purchase 32,680 shares of Myriant Corporation
common stock at a purchase price of $10.00 per share.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(8)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Contingent payment of up to $6.8 million is dependent upon Alden Resources, LLC’s ability
to achieve certain sales volume and operating efficiency levels during the three-year period ended July 2014.</FONT> <FONT STYLE="font-size: 10pt">Globe
BG, LLC has informally advised us that the company’s relative cost of production has not improved since July 2011. The reporting
and review mechanism to conclude the ultimate value of the earn-out has not yet been completed.</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(9)</TD><TD>Upon redemption, we will receive the outstanding face amount plus an option to elect to receive either: a) a cash payment resulting
in a total 12% IRR (inclusive of the 8% cash distributions) or b) our pro rata share of 2% of the outstanding regular limited partner
interests in Castex Energy 2005, LP (0.67% net to us).</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(10)</TD><TD>The fair value of our Contour Highwall Holdings, LLC, or Contour, membership units also includes the value attributable to
our ownership of 8,000 shares of common stock of Bundy Auger Mining, Inc., an affiliate of Contour.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(11)</TD><TD>Huff Energy Holdings, Inc., or HEH, overriding royalty interests are effective the earlier of repayment in full of the Term
Loan or the maturity date of the Term Loan. HEH has the right to purchase the overriding royalty interests on, or before, the maturity
date of the Term Loan for $50,000, provided that the Term Loan is repaid by the maturity date.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(12)</TD><TD>HEH warrants expire seven years after repayment of the Term Loan and entitle us to purchase 30% of the outstanding equity at
$0.01 per share. HEH has the right to purchase these warrants on, or before, the maturity date of the Term Loan for $50,000, provided
that the Term Loan is repaid by the maturity date.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(13)</TD><TD>Effective July 9, 2014, we executed a third amendment to our credit agreement with OCI Holdings, LLC, or OCI, to amend certain
covenant limits in exchange for increases in OCI’s interest to the greater of 12% or LIBOR plus 11% cash, plus 3% PIK.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(14)</TD><TD>Contour has not made its September or October interest payments on the Senior Secured Term Loan. We are currently negotiating
with Contour toward a potential restructuring or deferral arrangement.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(15)</TD><TD>For more information, please refer to the discussion of the ATP litigation under the heading “Legal Proceedings”
in Note 6 to the Consolidated Financial Statements.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(16)</TD><TD>In November 2014, in connection with a refinancing, Nekoosa Coated Products Holdings, Inc., or Nekoosa, prepaid its Second
Lien Term Loan in the amount of $18.4 million, which included a 2% ($0.4 million) call premium.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED SCHEDULE
OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>December 31, 2013</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(In Thousands, Except
Share Amounts and Percentages)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Portfolio Company</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Industry Segment</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Investment (1)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Principal</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Cost</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Fair Value (2)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">PORTFOLIO
INVESTMENTS</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Control
Investments - Majority Owned (50% or more owned)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-size: 7pt">Contour Highwall Holdings, LLC (8)</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 14%; text-align: center"><FONT STYLE="font-size: 7pt">Coal Mining</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-size: 7pt">Senior Secured Term Loan</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">10,344</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">10,379</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">10,344</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(12%, due 10/14/2015)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">800 Membership Units representing</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">836</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">80% of the common equity (11)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Spirit Resources, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Tranche A - Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,406</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 8% or LIBOR + 4%,</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">due 4/28/2015)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Tranche B - Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,664</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,664</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,664</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 15% PIK or LIBOR + 11%,</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">due 10/28/2015)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">80,000 Preferred Units representing</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3,356</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">100% of the outstanding equity</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">3% Overriding Royalty Interest</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">10</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">518</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Control Investments - Majority Owned (50% or more owned)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">27,459</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">24,218</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Affiliate Investments - (5% to 25% owned)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">OCI Holdings, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Home Health Services</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Subordinated Note</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15,268</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15,010</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">15,268</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 11% or LIBOR + 10%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">cash plus 2% PIK, due 8/15/2018)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">NGP/OCI Investments, LLC Class A</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Units representing 24.07% ownership</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">of OCI Holdings, LLC</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,500</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,775</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Affiliate
Investments - (5% to 25% owned)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">17,510</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">17,043</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Non-affiliate
Investments - (Less than 5% owned)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">ATP Oil & Gas Corporation</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Limited Term Royalty Interest</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">28,704</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">28,966</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(Notional rate of 13.2%) (5)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Castex Energy 2005, LP</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Redeemable Preferred LP Units</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50,034</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">52,760</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(current pay 8% cash, due 7/1/2016) (10)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Chroma Exploration &</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">13,051 Shares Series A Participating</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,222</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 7pt"> Production, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Convertible Preferred Stock (6)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">11,918 Shares Series AA Participating</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,090</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Convertible Preferred Stock (6)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">8.11 Shares Common Stock</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Crossroads Energy Development, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,975</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,463</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,975</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 11.5% or LIBOR +</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">10.5%, due 5/24/2016)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">2% Overriding Royalty Interest</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">166</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">546</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Warrants (12)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">237</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">796</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED SCHEDULE
OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>December 31, 2013</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(In Thousands, Except
Share Amounts and Percentages)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Continued)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I> </I></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Portfolio Company</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Industry Segment</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Investment (1)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Principal</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Cost</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Fair Value (2)</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">PORTFOLIO INVESTMENTS
- Continued</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">Non-affiliate
Investments - (Less than 5% owned) - Continued</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Globe BG, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Coal Production</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Contingent earn-out related to July 2011 sale</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">of royalty interests in Alden Resources, LLC (9)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-size: 7pt">GMX Resources, Inc.</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 14%; text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-size: 7pt">Senior Secured Second-Priority Notes</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">12,661</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">9,452</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 7pt">70</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(9%, due 3/2/2018) (6) (15)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Huff Energy Holdings, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Secured Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">7,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">6,916</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">7,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 12.5% or LIBOR +</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">8.5%, due 11/20/2015)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">3% Overriding Royalty Interest (13)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Warrants (14)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">KOVA International, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Medical Supplies</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Subordinated Notes</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,841</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Manufacturing and Distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(12.75%, due 8/15/2018)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Midstates Petroleum Company</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Unsecured Notes</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,367</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">14,137</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(10.75%, due 10/1/2020) (3) (5)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Myriant Corporation</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Alternative Fuels and</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">131,741 shares of common stock, representing</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">419</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">640</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Specialty Chemicals</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">0.56% of the outstanding common shares</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Warrants (7)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">49</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">30</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Nekoosa Coated Products Holdings, Inc.</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Coated Paper Products</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Second Lien Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">17,748</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">17,427</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">17,748</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Manufacturing and Distribution</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(13% cash plus 2% PIK, due 10/22/2018)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Shoreline Energy, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Second Lien Term Loan</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">14,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,594</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">14,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">(The greater of 10.25% or LIBOR plus</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">9%, or the greater of 10.25% or</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Prime plus 8%, due 3/27/2019)</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Talos Production, LLC</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Oil & Natural Gas</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">Senior Unsecured Notes</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> Production and Development</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">(9.75%, due 2/15/2018) (3)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt">15,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">14,923</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">15,337</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">Subtotal Non-affiliate Investments - (Less than 5% owned)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">176,988</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">170,110</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0.125in"><FONT STYLE="font-size: 7pt">Subtotal Portfolio Investments (82.1% of total investments)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">221,957</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">211,371</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 7pt">GOVERNMENT SECURITIES</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt">U.S. Treasury Bills (4)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; padding-left: 0.125in"><FONT STYLE="font-size: 7pt">Subtotal Government Securities (17.9% of total investments)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold; text-decoration: underline; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt">TOTAL
INVESTMENTS</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: center; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: center; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">267,957</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">257,371</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED SCHEDULE
OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>December 31, 2013</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Continued)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1)</TD><TD>All of our portfolio investments are collateral for obligations under our Investment Facility. Our investments in U.S. Treasury
Bills are collateral for obligations under our Treasury Facility. See Note 3 of Notes to Consolidated Financial Statements. Percentages
represent interest rates in effect at the end of the period and due dates represent the contractual maturity dates. Warrants, common
stocks, units and earn-outs are non-income producing securities, unless otherwise stated.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2)</TD><TD>Our Board of Directors determines, in good faith, the final estimates of fair value of our investments. Fair value estimates
are determined using unobservable inputs (Level 3 hierarchy), unless otherwise stated.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3)</TD><TD>Fair value estimate is determined using prices with observable market inputs (Level 2 hierarchy).See Note 7 of Notes to Consolidated
Financial Statements.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4)</TD><TD>Fair value is determined using prices for identical securities in active markets (Level 1 hierarchy).See Note 7 of Notes to
Consolidated Financial Statements.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5)</TD><TD>We have determined that this investment is not a "qualifying asset" under Section 55(a) of the 1940 Act. Under the
1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent
at least 70% of our total assets. The status of these assets under the 1940 Act is subject to change. We monitor the status of
these assets on an ongoing basis.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">6)</TD><TD>Non-accrual status.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">7)</TD><TD>Myriant Corporation warrants expire on August 15, 2015 and provide us the right to purchase 32,680 shares of Myriant Corporation
common stock at a purchase price of $10.00 per share.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">8)</TD><TD>Effective January 14, 2013, Pallas Contour Mining, LLC changed its name to Contour Highwall Holdings, LLC.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">9)</TD><TD>Contingent payment of up to $6.8 million is dependent upon Alden Resources, LLC’s ability to achieve certain sales volume
and operating efficiency levels during the three year period ending July 2014.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">10)</TD><TD>Upon redemption, we will receive the outstanding face amount plus an option to elect to receive either: a) a cash payment resulting
in a total 12% IRR (inclusive of the 8% cash distributions) or b) our pro rata share of 2% of the outstanding regular limited partner
interests in Castex Energy 2005, LP (0.67% net to us).</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">11)</TD><TD>The fair value of our Contour Highwall Holdings, LLC membership units also includes the value attributable to our ownership
of 8,000 shares of Bundy Auger Mining, Inc. common stock.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">12)</TD><TD>Crossroads Energy Development, LLC, or Crossroads, warrants expire seven years after repayment of the Term Loan and entitle
us to purchase 21,529 Class A Units, representing 18% ownership in Crossroads, for $0.01 per unit.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">13)</TD><TD>Huff Energy Holdings, Inc., or HEH, overriding royalty interests are after payout. HEH has the right to purchase the overriding
royalty interests on, or before, the maturity date of the Term Loan for $50,000, provided that the Term Loan is repaid by the maturity
date.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">14)</TD><TD>HEH warrants expire seven years after repayment of the Term Loan and entitle us to purchase 30% of the outstanding equity at
$0.01 per share. HEH has the right to purchase these warrants on, or before, the maturity date of the Term loan for $50,000, provided
that the Term Loan is repaid by the maturity date.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">15)</TD><TD>On January 14, 2014, we sold all of our investment in GMX Resources, Inc. Senior Secured Second-Priority Notes for $70,000.</TD></TR></TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>CONSOLIDATED FINANCIAL
HIGHLIGHTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For The Nine Months Ended September 30,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; padding-bottom: 1pt">Per Share Data (1)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 74%">Net asset value, beginning of period</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">9.20</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">9.57</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Net investment income</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.03</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.50</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt">Net realized and unrealized loss on investments (2)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.64</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.45</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt">Net increase (decrease) in net assets resulting from operations</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.61</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.05</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Dividends declared</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(0.48</TD><TD STYLE="text-align: left">)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(0.48</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt">Other (3)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.08</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt">Net asset value, end of period</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8.11</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">9.22</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD>Market value, beginning of period</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">7.47</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">7.22</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD>Market value, end of period</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">6.18</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">7.43</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD>Market value return (4)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(11.0</TD><TD STYLE="text-align: left">)%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">10.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Net asset value return (4)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(5.2</TD><TD STYLE="text-align: left">)%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold; text-align: left">Ratios and Supplemental Data</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">($ and shares in thousands)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD>Net assets, end of period</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">167,204</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">188,919</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD>Average net assets</TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">180,495</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">193,094</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD>Common shares outstanding, end of period</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20,616</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">20,499</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Net investment income/average net assets (5)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.4</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">7.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Portfolio turnover rate</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1.3</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">34.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Total operating expenses/average net assets (5) (6)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">12.1</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">7.6</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Net increase (decrease) in net assets resulting from operations/average net assets (5)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">(9.3</TD><TD STYLE="text-align: left">)%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="font-weight: bold; text-align: left">Expense Ratios (as a percentage of average net assets) (5) (7)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Interest expense and bank fees</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1.2</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Management and incentive fees</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2.9</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3.2</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Costs related to strategic alternatives review</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">4.5</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt">Other operating expenses (6)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2.7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt">Total operating expenses (6)</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">12.1</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">7.6</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">Per Share Data is based on weighted average number of
common shares outstanding for the period.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">May include a balancing amount necessary to reconcile
the change in net asset value per share with other per share information presented. This amount may not agree with the aggregate
gains and losses for the period because the difference in the net asset value at the beginning and end of the period may not equal
the per share changes of the line items disclosed.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">Represents the impact of common stock repurchases.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(4)</TD><TD STYLE="text-align: justify">Return calculations assume reinvestment of dividends
and are not annualized.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(5)</TD><TD STYLE="text-align: justify">Annualized.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(6)</TD><TD STYLE="text-align: justify">Net of legal fee reimbursements of $1.3 million and $2.9
million in 2014 and 2013, respectively. Excluding these legal fee reimbursements, other operating expense ratio and total operating
expense ratios would have been 4.4% and 4.7% and 13% and 9.6%, respectively, for the nine months ended September 30, 2014 and
2013.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(7)</TD><TD STYLE="text-align: justify">On September 30, 2014, Oak Hill Advisors, L.P. replaced
NGP Investment Advisor, LP as our investment advisor.</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(See accompanying notes to consolidated
financial statements)</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> <B> </B></I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>OHA INVESTMENT CORPORATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>September 30, 2014</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>(Unaudited)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 1: Organization and Recent Developments</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">These consolidated
financial statements present the financial position, results of operations and cash flows of OHA Investment Corporation and
its consolidated subsidiaries. The terms “we,” “us,” “our” and “OHAI” refer
to OHA Investment Corporation and its consolidated subsidiaries. We are a specialty finance company that was organized in
July 2004 as a Maryland corporation. Our investment objective is to generate both current income and capital appreciation
primarily through debt investments with certain equity components. We are an externally managed, closed-end, non-diversified
management investment company that has elected to be regulated as a business development company under the Investment Company
Act of 1940, or the 1940 Act. For federal income tax purposes we operate so as to be treated as a regulated investment
company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. We have several direct and
indirect subsidiaries that are single member limited liability companies and wholly-owned limited partnerships established to
hold certain portfolio investments or provide services to us in accordance with specific rules prescribed for a company
operating as a RIC. We consolidate the financial results of our wholly-owned subsidiaries for financial reporting purposes,
and we do not consolidate the financial results of our portfolio companies.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, our
stockholders approved the appointment of Oak Hill Advisors, L.P., or OHA, as our new investment advisor, replacing NGP
Investment Advisor, LP, which had been our investment advisor since our inception. In connection with this change in
investment advisor, we changed our name from NGP Capital Resources Company to OHA Investment Corporation. OHA is a registered
investment adviser under the Investment Advisers Act of 1940. OHA acts as our investment advisor and administrator pursuant to
an investment advisory agreement and an administration agreement, respectively, each dated as of September 30, 2014, which
we refer to as the Investment Advisory Agreement and the Administration Agreement, respectively (see Note 4).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the appointment of OHA
as our new investment advisor, each member of our Board of Directors resigned. In connection with their resignations, the Board
of Directors appointed a new slate of five directors, including<FONT STYLE="font: 10pt Times New Roman, Times, Serif"> </FONT>Glenn
R. August (Chairman) and Robert B. Okun as “interested directors,” and Stuart I. Oran, James A. Stern and Frank V.
Tannura as independent directors. The new members of the Board of Directors appointed Robert W. Long as our President and Chief
Executive Officer, and L. Scott Biar remains our Chief Financial Officer, Secretary, Treasurer and Chief Compliance Officer on
an interim basis.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, we completed the
private sale of $1 million in aggregate purchase price of our common stock at an offering price of $8.53 per share to an affiliate
of OHA, pursuant to the stock purchase and transaction agreement dated July 21, 2014, by and among us, OHA and the affiliate. The
price per share paid by the affiliate was the net asset value per share established by our previous board of directors as
of a date within 48 hours prior to the purchase, excluding the impact of certain transaction and closing expenses, and represented
a 38% premium to the market price per share on such date. The OHA affiliate has also executed a stock purchase plan in accordance
with Rule 10b-5-1 of the Securities Exchange Act of 1934, pursuant to which it has committed to purchase, from time to time during
the 12-month period ending September 30, 2015, through open market purchases, additional shares of our common stock having an aggregate
purchase price of $4 million. Through November 6, 2014, pursuant to such plan, the OHA affiliate has purchased an aggregate of
266,268 shares of our common stock in the open market at an average price of $6.38 per share, totaling $1.7 million. If the affiliate
has not purchased shares of our common stock under the stock purchase plan for an aggregate purchase price of $4 million by September
30, 2015, it has agreed to purchase from us, and we have agreed to issue and sell, the remaining balance at a price per share equal
to the net asset value per share of our common stock.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the transactions described
above, and the process of evaluating strategic alternatives which led up to them, we incurred costs totaling $5.4 million, or $0.26
per share, during the three months ended September 30, 2014, including $3.4 million of retention payments to employees of our former
administrator pursuant to retention agreements entered into in September 2013 allocated to us under the terms of the administration
agreement with NGP Administration, LLC, $1.1 million for a “tail” insurance policy covering our former directors and
officers, and $0.9 million of legal and investment banking advisory fees.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 2: Basis of Presentation</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">These interim unaudited consolidated financial
statements include the accounts of OHAI and its subsidiaries. We eliminate all significant intercompany accounts and transactions.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We prepare the interim consolidated financial
statements pursuant to the rules and regulations of the Securities and Exchange Commission. We omit certain information and footnote
disclosures normally included in audited financial statements prepared in accordance with accounting principles generally accepted
in the United States of America, or GAAP, pursuant to such rules and regulations. We believe we include all adjustments, which
are of a normal recurring nature, so that these financial statements fairly present our financial position, results of operations
and cash flows. Interim results are not necessarily indicative of results for a full year. You should read these unaudited
consolidated financial statements in conjunction with the consolidated financial statements and related notes included in our Annual
Report on Form 10-K for the year ended December 31, 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Preparing interim consolidated financial
statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated
financial statements and the accompanying notes thereto, including the estimated fair values of our investment portfolio discussed
in Note 7. Although we believe our estimates and assumptions are reasonable, actual results could differ from these estimates.</P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dividends</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We record distributions to stockholders
on the ex-dividend date. We currently intend that our distributions each year will be sufficient to maintain our status as a RIC
for federal income tax purposes and to eliminate federal excise tax liability. We currently intend to make distributions to stockholders
on a quarterly basis that total substantially all of our net taxable income for the year. We also intend to make distributions
of net realized capital gains, if any, at least annually. However, we may in the future decide to retain such capital gains for
investment and designate such retained amounts as deemed distributions. Each quarter, we estimate our annual taxable earnings.
The Board of Directors considers this estimate and determines the distribution amount, if any. We generally declare our dividends
each quarter and pay them shortly thereafter. The following table summarizes our recent distribution history:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 65%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP STYLE="font-weight: bold"> </TD>
<TD COLSPAN="4" NOWRAP STYLE="font-weight: bold; text-align: center">Per Share</TD><TD NOWRAP STYLE="font-weight: bold"> </TD><TD NOWRAP> </TD>
<TD NOWRAP STYLE="text-align: right"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Declaration Date</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Record Date</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Payment Date</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD NOWRAP STYLE="width: 25%; text-align: center">March 18, 2013</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 22%; text-align: right">0.16</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD NOWRAP STYLE="width: 24%; text-align: center">March 29, 2013</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 24%; text-align: center">April 8, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD NOWRAP STYLE="text-align: center">June 10, 2013</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">June 28, 2013</TD><TD> </TD>
<TD STYLE="text-align: center">July 8, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD NOWRAP STYLE="text-align: center">September 10, 2013</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">September 30, 2013</TD><TD> </TD>
<TD STYLE="text-align: center">October 7, 2013</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD NOWRAP STYLE="text-align: center">December 3, 2013</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">December 27, 2013</TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">January 6, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD NOWRAP STYLE="text-align: center">March 18, 2014</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">March 31, 2014</TD><TD> </TD>
<TD STYLE="text-align: center">April 7, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD NOWRAP STYLE="text-align: center">June 10, 2014</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">June 30, 2014</TD><TD> </TD>
<TD STYLE="text-align: center">July 7, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD NOWRAP STYLE="text-align: center">September 11, 2014</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.16</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD NOWRAP STYLE="text-align: center">September 30, 2014</TD><TD> </TD>
<TD STYLE="text-align: center">October 7, 2014</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We determine the tax characteristics of
our dividend distributions as of the end of the fiscal year, based on the taxable income for the full year and distributions paid
during the year. Taxable income available for distribution differs from consolidated net investment income under GAAP due
to (i) temporary and permanent differences in income and expense recognition, (ii) capital gains and losses, (iii) activity at
taxable subsidiaries, and (iv) the timing and period of recognition regarding dividends declared in December of one year and paid
in January of the following year. The tax characteristics for dividends paid in 2014 will be reported to each stockholder
on Form 1099-DIV after the end of the year. Based on the information currently available, and largely as a result of the costs
incurred related to the strategic review process, the final tax characteristics for dividend distributions in 2014 are expected
to include ordinary taxable income and return of capital.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 3: Credit Facilities and Borrowings</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 23, 2013, we entered into a $72.0
million Third Amended and Restated Revolving Credit Agreement, or the Investment Facility, which replaced our previous investment
credit facility. The total amounts outstanding under the Investment Facility were $57.0 million and $53.0 million as of September
30, 2014 and December 31, 2013, respectively. The Investment Facility was amended September 29, 2014, to permit the appointment
of OHA as our new investment advisor. Substantially all of our assets, except our investments in U.S. Treasury Bills, are pledged
as collateral for the obligations under the Investment Facility. The Investment Facility matures on May 23, 2016, and bears interest,
at our option, at either (i) LIBOR plus 325 to 475 basis points, or (ii) the base rate plus 225 to 375 basis points, both based
on our amounts outstanding. As of September 30, 2014, the average interest rate on our outstanding balance of $57.0 million was
3.9%, and an additional $15.0 million was available for borrowing under the Investment Facility. We repaid $51.0 million of the
balance outstanding under the Investment Facility in early October 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 31, 2011, we entered into
a $30.0 million Treasury Secured Revolving Credit Agreement, or the Treasury Facility, that can only be used to purchase
U.S. Treasury Bills. Proceeds from the Treasury Facility facilitate the growth of our investment portfolio and provide
flexibility in the sizing of our portfolio investments. The Treasury Facility has been amended from time to time, generally
to extend the expiration date and, in some cases, to revise the size of the facility. On September 24, 2014, we entered into
a fifth amendment to the Treasury Facility which extended the expiration date to September 24, 2015, reduced the size of the
Treasury Facility to $30.0 million, and permitted the appointment of OHA as our new investment advisor. Borrowings under the
Treasury Facility bear interest, at our option, at either (i) LIBOR plus 150 basis points or (ii) the base rate plus 50 basis
points. We have the right at any time to prepay amounts outstanding under the Treasury Facility, in whole or in part, without premium
or penalty. As of September 30, 2014, we had $30.0 million outstanding and no additional amount available for borrowing under
the Treasury Facility, and the interest rate on our outstanding balance was 1.7%. We repaid the entire balance outstanding
under the Treasury Facility in October 2014 with proceeds from the sale of U.S. Treasury Bills.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Investment and Treasury Facilities contain
affirmative and reporting covenants and certain financial ratio and restrictive covenants that apply to our subsidiaries and us.
We were in compliance with these covenants as of September 30, 2014 and had no existing defaults or events of default under either
facility. The most restrictive covenants are:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of net asset value to consolidated total indebtedness (excluding net hedging liabilities) of not less than
2.25:1.0,</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of net asset value to consolidated total indebtedness (including net hedging liabilities) of not less than
2.0:1.0,</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of EBITDA (excluding revenue from cash collateral) to interest expense (excluding interest on loans under
the Treasury Facility) of not less than 3.0:1.0, and</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of collateral to the aggregate principal amount of borrowings under the Treasury Facility of not less than 1.02:1.0.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 4: Investment Management</B></P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investment Advisory Agreement</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, we entered into an
Investment Advisory Agreement with OHA, an investment adviser registered under the Investment Advisers Act of 1940, pursuant to
which OHA replaced NGP Investment Advisor, LP as our investment advisor. The initial term of the Investment Advisory Agreement
is for two years, with automatic, one-year renewals, subject to approval by our Board of Directors, a majority of whom are not
“interested” persons (as defined in the 1940 Act) of us. Pursuant to the Investment Advisory Agreement, OHA implements
our business strategy on a day-to-day basis and performs certain services for us, subject to the supervision of our Board of Directors.
Under the Investment Advisory Agreement, we pay OHA a fee consisting of two components — a base management fee and an incentive
fee.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Base Management Fee: </I>The base management fee is paid
quarterly in arrears, and is calculated by multiplying the average value of our total assets (excluding cash, cash equivalents
and U.S. treasury bills that are purchased with borrowed funds solely for the purpose of satisfying quarter-end diversification
requirements related to our election to be taxed as a RIC under the Code), as of the end of the two immediately prior fiscal quarters,
by a rate of 1.75% per annum, with a 0.25% reduction in this 1.75% annual rate for the first year following September 30, 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Incentive Fee: </I>The incentive fee consists of two parts.
The first part, the investment income incentive fee, will be calculated and payable quarterly in arrears based on our pre-incentive
fee net investment income for the fiscal quarter for which the fee is being calculated. Pre-incentive fee net investment income
means interest income, dividend income, royalty payments, net profits interest payments, and any other income (including any other
fees, such as commitment, origination, syndication, structuring, diligence, monitoring and consulting fees or other fees that we
receive from portfolio companies) accrued during the fiscal quarter, minus our operating expenses for the quarter (including the
base management fee, expenses payable under the Administration Agreement, and any interest expense and dividends paid on any issued
and outstanding preferred stock, but excluding the incentive fee). Net investment income includes, in the case of investments with
a deferred interest feature (such as original issue discount, debt instruments with payment-in-kind interest and zero coupon securities),
accrued income that we have not yet received in cash. Accordingly, we may pay an incentive fee based partly on accrued investment
income, the collection of which is uncertain or deferred. Net investment income does not include any realized capital gains, realized
capital losses, or unrealized capital appreciation or depreciation. Pre-incentive fee net investment income, expressed as a rate
of return on the value of our net assets (defined as total assets less liabilities at the end of the immediately preceding fiscal
quarter) will be compared to a “hurdle rate” of 1.75% per quarter (7% annualized). OHA will receive no incentive fee
for any fiscal quarter in which our pre-incentive fee net investment income does not exceed the hurdle rate. OHA will receive an
incentive fee equal to 100% of our pre-incentive fee net investment income for any fiscal quarter in which our pre-incentive fee
net investment income exceeds the hurdle rate but is less than 2.1875% (8.75% annualized) of net assets (also referred to as the
“catch up” provision) plus 20% of our pre-incentive fee net investment income for such fiscal quarter greater than
2.1875% (8.75% annualized) of net assets.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The second part of the incentive fee, the
capital gains fee, will be determined and payable in arrears as of the end of each fiscal year (or, upon termination of the Investment
Advisory Agreement, as of the termination date). The capital gains fee is equal to 20% of our cumulative aggregate realized capital
gains from the date of the Investment Advisory Agreement through the end of that fiscal year, computed net of our cumulative aggregate
realized capital losses and cumulative aggregate unrealized depreciation on investments for the same time period. The aggregate
amount of any previously paid capital gains incentive fees to OHA will be subtracted from the capital gains incentive fee calculated.
If such amount is negative, then there is no capital gains fee for such year. For the purposes of the capital gains fee, any gains
and losses associated with our investment portfolio as of September 30, 2014 shall be excluded from the capital gains fee calculation.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Investment Advisory Agreement may be
terminated at any time, without the payment of any penalty, by a vote of our Board of Directors or the holders of a majority of
our shares on 60 days’ written notice to OHA, and would automatically terminate in the event of its “assignment”
(within the meaning of the 1940 Act). Either party may terminate the Investment Advisory Agreement without penalty upon not more
than 60 days’ written notice to the other. Pursuant to the Investment Advisory Agreement, OHA pays the compensation expense
of its investment professionals, who provide management and investment advisory services to us. We bear all other costs and expenses
of our operations and transactions.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B><I>Previous Investment Advisory Agreement</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B><I> </I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Prior to the September 30, 2014 appointment
of OHA as our investment advisor, we had a similar investment advisory agreement with our previous investment advisor, NGP Investment
Advisor, LP. The fee structure under our previous investment advisory agreement consisted of two components — a base management
fee and an incentive fee.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Base Management Fee</I>: Under the previous
investment advisory agreement, we calculated the quarterly base management fee as 0.45% (1.8% annualized) of the average of our
total assets (inclusive of all cash and cash equivalents without any exclusions) as of the end of the two most recent fiscal quarters,
payable quarterly in arrears.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Incentive Fee</I>: The incentive fee
under the previous investment advisory agreement consisted of two parts. We calculated the first part of the incentive fee, the
investment income incentive fee, as 20% of the excess, if any, of our net investment income for the quarter that exceeded a quarterly
hurdle rate equal to 2% (8% annualized) of our net assets, with no “catch up” provision. We calculated and paid this
investment income incentive fee quarterly in arrears. For the purpose of this fee calculation, net investment income was defined
similarly to that under the Investment Advisory Agreement. For the three and nine months ended September 30, 2014, we did not incur
any investment income incentive fees. For the three and nine months ended September 30, 2013, we incurred investment income incentive
fees totaling zero and $0.4 million, respectively.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We calculated the second part of the incentive
fee, the capital gains fee, as (1) 20% of (a) our net realized capital gains (realized capital gains less realized capital losses)
on a cumulative basis from the closing date of our initial public offering to the end of such fiscal year, less (b) any unrealized
capital depreciation at the end of such fiscal year, less (2) the aggregate amount of all capital gains fees paid to NGP Investment
Advisor, LP in prior fiscal years. We determined and paid the capital gains fee in arrears as of the end of each fiscal year. We
have not incurred any capital gains fees under the previous investment advisory agreement since 2007.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Administration Agreement</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, we entered into an
Administration Agreement with OHA pursuant to which OHA replaced NGP Administration, LLC as our administrator and furnishes us
with certain administrative services, personnel and facilities. The Administration Agreement has an initial term of two years.
Payments under the Administration Agreement will be equal to our allocable portion of OHA’s overhead in performing its obligations
under the Administration Agreement, including all administrative services necessary for our operation and the conduct of our business.
The aggregate amount of certain costs and expenses payable by us under the Investment Advisory Agreement and the Administration
Agreement for the period from October 1, 2014 to September 30, 2015 shall not exceed $2.5 million (the “Cap”); provided
that, generally speaking, interest expense and bank fees, management and incentive fees, legal and professional fees, insurance
expenses, taxes and costs related to the change in investment advisor are not subject to the Cap. The Administration Agreement
may be terminated at any time, without penalty, by a vote of our Board of Directors or by OHA upon 60 days’ written notice
to the other party.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Prior to the September 30, 2014 appointment
of OHA as our administrator, we had a similar administration agreement with our previous administrator, NGP Administration, LLC,
with similar terms and conditions as the Administration Agreement. We owed $253,000 and $296,000 to our previous administrator
as of September 30, 2014 and December 31, 2013, respectively, for expenses incurred on our behalf for the final month of the respective
quarterly period. We include these amounts in accounts payable and accrued expenses.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 5: Federal Income Taxes</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For federal income tax purposes, we operate
so as to qualify as a RIC under Subchapter M of Chapter 1 of the Code, as amended. As a RIC, we are generally not subject to corporate-level
federal income taxes on the portion of our investment company taxable income and net capital gain (i.e., realized net long term
capital gains in excess of realized net short term capital losses) distributed to stockholders. To qualify as a RIC, we are required,
among other things, to distribute to our stockholders each year at least 90% of investment company taxable income, as defined by
the Code, and to meet certain asset-diversification and source-of-income requirements.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Certain of our wholly-owned subsidiaries,
or Taxable Subsidiaries, have elected to be taxed as corporations for federal income tax purposes. The Taxable Subsidiaries
hold certain of our portfolio investments and are consolidated for financial reporting purposes, but not for income tax reporting
purposes. These Taxable Subsidiaries permit us to hold equity investments in portfolio companies that are “pass through”
entities for tax purposes, in order to comply with the “source-of-income” requirements that must be satisfied to maintain
our qualification as a RIC. The Taxable Subsidiaries may generate net income tax expense or benefit, which is reflected on our
consolidated statements of operations.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 6: Commitments and Contingencies</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of September 30, 2014, we had investments
in or commitments to fund investments in 13 portfolio companies totaling $189.6 million. Of this total, $189.3 million was outstanding
and $0.3 million remained committed and available to fund. Generally, these commitments have fixed expiration dates, and we may
not fund the entire $0.3 million of commitments before they expire. We do not report the unfunded portions of these commitments
on our consolidated balance sheets.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have continuing obligations under the
Investment Advisory Agreement and the Administration Agreement with OHA. See Note 4. The agreements provide that, absent willful
misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its duties and obligations,
OHA and its officers, managers, agents, employees, controlling persons, members and any other person or entity affiliated with
them will be entitled to indemnification from us for any damages, liabilities, costs and expenses (including reasonable attorneys’
fees and amounts reasonably paid in settlement) arising from the rendering of OHA’s services under the agreements or otherwise
as our investment advisor or administrator. The agreements also provide that OHA and its affiliates will not be liable to us or
any stockholder for any error of judgment, mistake of law, any loss or damage with respect to any of our investments or any action
taken or omitted to be taken by OHA in connection with the performance of any of its duties or obligations under the agreements
or otherwise as investment advisor or administrator to us, except to the extent specified in Section 36(b) of the 1940 Act concerning
loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the normal course of business, we enter
into a variety of undertakings containing a variety of representations that may expose us to some risk of loss. We do not expect
significant losses, if any, from such undertakings.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Legal Proceedings</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">From time to time, we are involved in various
legal proceedings arising in the normal course of business. While we cannot predict the outcome of these proceedings with certainty,
we do not believe that an adverse result in any pending legal proceeding, other than those described below, individually or in
the aggregate, would be material to our business, financial condition or cash flows.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>ATP Litigation</I>. On August 17, 2012,
ATP Oil & Gas Corporation, or ATP, filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy
Court for the Southern District of Texas. Prior to the bankruptcy filing, we purchased limited term overriding royalty interests,
or ORRIs, in certain offshore oil and gas producing properties operated by ATP (generally, the Gomez and Telemark properties).
On August 23, 2012, on a motion filed by ATP (Bankr. Dkt. No.15), the bankruptcy judge presiding over ATP’s case signed an
order (Bankr. Dkt. No. 191) requiring ATP to pay amounts received after August 17, 2012 to those parties it believes are entitled
to receive them, including the ORRI holders, provided that the owners of the ORRIs execute a disgorgement agreement providing for
the repayment to ATP of any amounts that the bankruptcy court later finds to have been inappropriately paid. We executed the disgorgement
agreement and began receiving monthly distributions in September 2012 from ATP of our share of production proceeds received by
ATP after August 17, 2012. As of September 30, 2014, our unrecovered investment was $27.7 million, and we had received aggregate
production payments of $30.1 million subject to the disgorgement agreement; both of these amounts are the subject of disputes in
the litigation described herein.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of September 30, 2014, we had incurred
legal and consulting fees totaling $4.5 million in connection with the enforcement of our rights under the ORRIs. On various occasions,
we have provided notice that such legal expenses will be added to our unrecovered investment balance to the extent they are not
reimbursed. To date, we have not received any payments on account of legal expenses aside from our receipt of regular monthly production
payments. We add our legal expenses to the unrecovered investment balance in accordance with our transaction documents. As of September
30, 2014, $4.2 million of the $4.5 million in legal and consulting fees have been added to, and are thus included in, the unrecovered
investment balance under the terms of our transaction documents. The remaining amounts of legal and consulting fees, totaling $0.3
million and $0.5 million as of September 30, 2014 and December 31, 2013, respectively, are included in accounts receivable and
other current assets on our consolidated balance sheets and are, thus, not included in the unrecovered investment balance as of
such dates.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On October 17, 2012, we filed a lawsuit
against ATP styled: <I>NGP Capital Resources Company v. ATP Oil & Gas Corporation</I>, Adv. Proc. No. 12-03443, in the U.S.
Bankruptcy Court for the Southern District of Texas, seeking a declaration that the ORRIs are our property and not property of
ATP and that the conveyance and purchase and sale documents are not executory contracts that may be rejected in order to remove
or recharacterize our interests in the properties. ATP filed an answer and counterclaim in which it (a) denies that the ORRIs are
valid and enforceable, (b) seeks a declaration that (i) the ORRIs are a financing agreement and not a true sale and (ii) the ORRIs
are executory contracts that are subject to rejection under 11 U.S.C. Sec. 365, and (c) seeks disgorgement from us of amounts paid
to us since August 17, 2012, the date of filing of ATP’s Chapter 11 proceeding. The United States, on behalf of the Department
of the Interior, intervened in the lawsuit, arguing that the underlying leases are unexpired leases of real property or executory
contracts (and not real property conveyances) and are subject to rejection by ATP. Certain service companies claiming statutory
liens or privileges have intervened in the lawsuit for the purposes of establishing that their liens and privileges are superior
to our rights and asserting related claims for disgorgement of proceeds paid to us by ATP. The Bank of New York Mellon Trust Company,
N.A., the secondary lien holder, has also intervened in the lawsuit, arguing (i) the ORRIs are a financing agreement and not a
true sale, (ii) our claims are barred, waived, released and/or otherwise foreclosed by the express terms of the conveyance of the
ORRIs, and (iii) either we have not met a condition precedent or we failed to perform or substantially perform our contractual
obligations. The issues in the lawsuit have been bifurcated such that the issues of (i) whether the conveyances and transactions
between us and ATP constituted outright transfers of ownership and (ii) whether the conveyances are executory contracts or leases
that ATP may reject, will be tried first as “Phase 1” of the legal proceedings. Any additional claims, including the
service company lien claims and related issues, will be decided later if necessary in “Phase 2.” This lawsuit is currently
pending, and the initial trial date was abated along with certain other deadlines pending consideration of various motions. In
that context, a Motion for Summary Judgment that we filed was denied, and we subsequently filed a motion to appeal the denial on
an interlocutory basis. After our motion to appeal was denied by the United States District Court, we filed a Motion for Reconsideration
of the summary judgment denial with the bankruptcy court on June 17, 2014. A new scheduling order has not been entered. We intend
to vigorously defend our position that the ORRIs constitute real property interests and are fully valid and enforceable pursuant
to their terms, and we intend to vigorously defend our position that the service companies’ statutory liens and privileges
do not attach to our ORRIs and/or are not superior to our rights.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Separately, ATP (through
a motion filed by the Official Committee of Unsecured Creditors on October 31, 2012) threatened to bring a fraudulent transfer
action against us, in which ATP would allege that (a) ATP was insolvent at the time of the assignment of the ORRIs to us, (b) ATP received less than fair value from us in exchange for the assignments of the ORRIs and (c) as a result, the assignments should
be set aside. The motion was abated and the referenced claim has not been asserted. We vigorously deny these allegations.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 23, 2013, the Department of the
Interior, on behalf of the Bureau of Safety and Environmental Enforcement, issued an order directing that the wells on the Gomez
properties be shut in and that operations cease. Operations and production ceased on the Gomez properties on April 30, 2013. On
June 13, 2013, the Court entered an order (Bankr. Dkt. No. 1999) approving ATP’s request (set forth in Bankr. Dkt. No. 1902)
to reject and/or abandon and relinquish its interests in the Gomez properties and related agreements, or the Abandonment Order.
Consequently, we no longer receive payments attributable to the Gomez properties.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">On May 7, 2013, ATP
conducted an auction of its assets, and ATP selected a credit bid from Credit Suisse AG, as administrative and collateral agent
to those lenders who are parties to that certain Senior Secured Super Priority Priming Debtor in Possession Credit Agreement dated
August 29, 2012, or the DIP Lenders, based on a reduction in the amount of ATP’s outstanding indebtedness to Credit Suisse
AG, or the Credit Bid, as the highest and best bid. The Credit Bid did not include an offer to purchase the Gomez properties, but
it included an offer to purchase the Telemark properties. On October 17, 2013, the Court entered its Final Order approving the
sale (Bankr. Dkt. No. 2706). Under the Final Order, Bennu Oil & Gas, LLC, or Bennu, a newly formed company owned by the DIP
Lenders, was authorized to purchase certain ATP assets, including the Telemark properties, as well as claims asserted by ATP in
our pending lawsuit relating to the Telemark properties. Our ORRI continues to burden the Telemark properties subject to a resolution
of the issues in our pending lawsuit against ATP. The sale to Bennu closed on November 1, 2013. On May 20, 2014, Bennu substituted
into our lawsuit for ATP with respect to any claims that relate to assets purchased from ATP.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">On March 7, 2014, Bennu
filed complaints seeking declaratory judgments that it acquired the Telemark properties free and clear of liens asserted by certain
statutory lien claimants, thereby commencing the adversary proceedings styled <I>Bennu Oil & Gas LLC v. Frank’s Casing
Crew & Rental Tools, Inc., et. al.,</I> (Adv. No. 14-03060), or the Frank’s Casing Adversary, and <I>Bennu Oil &
Gas LLC v. Advanced Fire & Safety LLC, et. al.,</I> (Adv. No. 14-03056), or the Advanced Fire Adversary. Two of the defendants
in the Advanced Fire Adversary filed counterclaims seeking declaratory judgments regarding the extent, validity and priority of
their alleged liens. We sought and were granted leave to intervene in the Frank’s Casing and Advanced Fire Adversaries to
protect our rights in connection with any determinations relating to the extent, validity and priority of liens against the Telemark
properties. These proceedings are pending, and an initial scheduling conference has been set for January 8, 2015.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 26, 2014, the
bankruptcy court entered an order converting ATP’s bankruptcy case to a case under Chapter 7 of the U.S. Bankruptcy Code.
Rodney D. Tow was appointed as Chapter 7 Trustee of ATP’s bankruptcy estate.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">On July 10, 2014, we
filed, in our lawsuit, a Motion for Leave to amend our complaint to, among other things, add claims and defenses based on facts
that occurred after the filing of our complaint, as well as claims and defenses specifically applicable to Bennu. On September
3, 2014, Bennu filed a Motion to Dismiss claims between Bennu and us, as well as an objection to our Motion for Leave. In
connection with the Motion to Dismiss, Bennu stated that it does not desire to pursue affirmative claims against us for recharacterization
or disgorgement, and it disclaimed any intention to sue us regarding the characterization of the ORRIs. The Motion to Dismiss does
not seek to determine any claims, including our claims, any claims of the bankruptcy estate or of the numerous intervenors involved
in the litigation, nor does it preclude Bennu or a succeeding party from refiling such claims in the future. On October 1, 2014,
we filed an objection to the Motion to Dismiss, asserting that Bennu is the owner of all recharacterization claims against us and
requesting that the judge enter a declaratory judgment (rather than a dismissal) that the ORRIs do, in fact, constitute real property
interests that are not subject to recharacterization as a loan or otherwise, and are fully valid and enforceable pursuant to their
terms. In a related briefing, the Trustee asserted that Bennu does not own recharacterization claims relating to the Gomez properties,
and objected to entry of a judgment in our favor due to alleged prejudice that would result against the estate’s alleged
claims. Bennu asserted in response that it owns all recharacterization claims against us, but it is opposed to entry of a judgment
in our favor. On October 23, 2014, in a status conference conducted by the court, the court required Bennu to file a motion to
determine the ownership of the recharacterization claims and set a hearing to determine the issue on December 18, 2014. The court
has not set hearings or heard arguments relating to the Motion to Dismiss, our Motion for Reconsideration, or our Motion for Leave.
Another status conference has been scheduled for December 18, 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">While we intend to vigorously defend the
legal positions described above, there can be no assurance that we will ultimately prevail in any or all of these matters.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 7: Fair Value</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Our investments consisted of the following as of September
30, 2014 and December 31, 2013:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">September 30, 2014</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="14" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">December 31, 2013</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">% of</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">% of</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">% of</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">% of</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">(Dollar amounts in thousands)</FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Cost</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Fair Value</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Cost</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Fair Value</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Portfolio investments</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="width: 20%; text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 7pt">Senior secured debt</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">26,392</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">12.2</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">20,243</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">10.0</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">34,828</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">13.0</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">35,483</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="width: 7%; text-align: right"><FONT STYLE="font-size: 7pt">13.8</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 7pt">Subordinated debt</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">67,146</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">30.9</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">68,750</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">34.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">92,614</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">34.5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">85,560</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">33.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 7pt">Limited term royalties</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">27,578</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">25,641</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">28,704</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">10.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">28,966</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">11.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 7pt">Contingent earn-out</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 7pt">Royalty interests</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">52</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">554</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">218</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,106</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 7pt">Redeemable preferred units</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50,024</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">23.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">54,334</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">27.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">50,034</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">18.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">52,760</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">20.5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 7pt">Equity securities</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in"><FONT STYLE="font-size: 7pt">Membership and partnership units</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">10,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4.9</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,390</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">10,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">3.9</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,967</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2.3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in"><FONT STYLE="font-size: 7pt">Participating preferred stock</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,312</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">4,312</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1.6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">21</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in"><FONT STYLE="font-size: 7pt">Common stock</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">419</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">419</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">640</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">0.2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt; padding-left: 0.25in"><FONT STYLE="font-size: 7pt">Warrants</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">91</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">44</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">0.0</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">328</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">0.1</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">868</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">0.3</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt"><FONT STYLE="font-size: 7pt">Total equity securities</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">15,322</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">7.1</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,434</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">0.7</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">15,559</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">5.8</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">7,496</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2.8</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in"><FONT STYLE="font-size: 7pt">Total portfolio investments</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">186,514</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">85.9</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">170,956</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">84.8</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">221,957</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">82.8</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">211,371</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">82.1</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Government securities</FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt"><FONT STYLE="font-size: 7pt">U.S. Treasury Bills</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">14.1</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">30,610</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">15.2</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">17.2</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">46,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">17.9</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 0.5in"><FONT STYLE="font-size: 7pt">Total investments</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">217,124</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">100.0</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">201,566</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">100.0</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">267,957</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">100.0</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">257,371</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 7pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 7pt"> </FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 7pt">100.0</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 7pt">%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We account for all of the assets in our
investment portfolio at fair value, following the provisions of the Financial Accounting Standards Board Accounting Standards Codification
<I>Fair Value Measurements and Disclosures</I>, or ASC 820. ASC 820 defines fair value, establishes a framework for measuring fair
value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements
for fair value measurements.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On a quarterly basis, the investment team
of our investment advisor prepares fair value estimates for all of the assets in our portfolio utilizing the income approach and
market approach in accordance with ASC 820 and presents them to a committee of our Board of Directors — the Audit Committee
since OHA has been our investment advisor, and the Valuation Committee under our previous investment advisor. The committee recommends
fair values of each investment to our Board of Directors, which in good faith determines the final fair value for each investment.
We record investments in securities for which market quotations are readily available at such market quotations in our financial
statements as of the valuation date. For investments in securities for which market quotations are unavailable, or which have various
degrees of trading restrictions, the investment team of our investment advisor prepares valuation analyses as generally described
below.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Investment Team Valuation.</I> The investment professionals of our investment advisor prepare fair value estimates for each
investment.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Investment Team Valuation Documentation.</I> The investment team documents and discusses its preliminary fair value estimates
with senior management of our investment advisor.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Presentation to Audit Committee</I>. Senior management presents the valuation analyses and fair value estimates to the Audit
Committee of our Board of Directors. Prior to September 30, 2014, such presentation was made to the Valuation Committee of our
Board of Directors. Effective September 30, 2014, our Board of Directors no longer has a separate Valuation Committee.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Third Party Valuation Activity.</I> We may, at our discretion, retain an independent valuation firm to review any or all
of the valuation analyses and fair value estimates provided by the investment team of our investment advisor. We have retained
an independent valuation firm in connection with the fair value determinations of our middle market, non-energy investments beginning
with the quarter ended September 30, 2013. As of September 30, 2014, our middle market non-energy investments collectively represented
26% of the total fair value of our portfolio investments at such date.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Board of Directors and Audit Committee.</I> The Board of Directors and the Audit Committee (or the Valuation Committee prior
to September 30, 2014) review and discuss the valuation analyses and fair value recommendations provided by the investment team
of our investment advisor and the analysis of the independent valuation firm, if applicable.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Final Valuation Determination.</I> Our Board of Directors discusses the fair values recommended by the Audit Committee (or
the Valuation Committee prior to September 30, 2014) and determines the fair value of each investment in our portfolio, in good
faith, based on the input of the investment team of our investment advisor, our Audit Committee (or Valuation Committee prior to
September 30, 2014), and the independent valuation firm, if any.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">ASC 820 defines fair value as the price
that a seller would receive for an asset or pay to transfer a liability in an orderly transaction between independent, knowledgeable
and willing market participants at the measurement date. The fair value definition focuses on exit price in the principal, or most
advantageous, market and prioritizes the use of observable market inputs over unobservable entity-specific inputs. In accordance
with ASC 820, we categorize our investments based on the inputs to our valuation methodologies as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Level 1</I> — Quoted unadjusted prices for identical instruments in active markets to which we have access at
the date of measurement.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><I> </I></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Level 2</I> — Quoted prices for similar instruments in active markets; quoted prices for identical or similar
instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value
drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices
are not current, little public information exists or instances where prices vary substantially over time or among brokered market
makers.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD><I>Level 3</I> — Model-derived valuations in which one or more significant inputs or significant value drivers are
unobservable. Unobservable inputs are those inputs that reflect our own assumptions that market participants would use to price
the asset or liability based on the best available information.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Fair value accounting classifies financial
assets and liabilities in their entirety based on the lowest level of input that is significant to the estimated fair value measurement.
Our assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation
of assets and liabilities and their placement within the fair value hierarchy levels.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Debt Securities and Limited-Term Royalties:</I>
In determining the fair value of our debt investments, we first assess the overall financial health of the portfolio
company through an evaluation of a number of factors, including, as relevant, historical and projected financial results, the portfolio
company's enterprise value, and the nature and realizable value of any collateral. In estimating the portfolio company’s
enterprise value, we analyze the discounted value of estimated future net cash flows of the portfolio company, derived, when appropriate,
from third party valuations of a portfolio company’s assets, such as engineering reserve reports of oil and natural gas properties.
We also use a market approach in determining the portfolio company’s estimated enterprise value, considering recent comparable
transactions involving similar businesses or assets. We also may consider the markets in which the portfolio company operates;
comparison to a peer group of publicly traded securities; the size and scope of the portfolio company and its specific strengths
and weaknesses; recent purchases or sales of securities by the portfolio company; recent offers to purchase the portfolio company;
the estimated value of comparable securities; and other relevant factors. Based upon these analyses, we assess the sources
of cash flow available to the portfolio company to service its debt and the underlying credit risk, and determine an appropriate
yield, or discount rate, to apply to our anticipated cash flows to be collected from each debt investment, recognizing that the
collection of contractual cash flows may come from one or a combination of cash flows generated from continuing operations of the
portfolio company, liquidation of collateral or sale of the portfolio company. The appropriateness of the yield on our
investments is directly relative to our judgment of the associated risks, using observable yield or price data for similar or comparable
debt investments when available. Fair value determinations using the discounted cash flow method can be sensitive to significant
changes in the inputs. A significant increase (decrease) in the discount rate for a particular security may result in a lower (higher)
value for that security.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We invest primarily in illiquid debt investments
in small private companies, many of which are in the early stages of development, or are start-up companies in need of growth development
capital. There is limited activity, transparency and variable data in the markets in which we invest. In circumstances
where there is limited observable price or yield data of similar or comparable securities, we base our considerations
on our assessments of the credit trends and underlying performance of our portfolio companies and of the markets in which we invest,
relying on the collective judgment of the investment team of our investment advisor and our Board of Directors, which is based
on their extensive experience and expertise investing in public and private securities markets.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Equity Securities: </I> We
record our investments in preferred and common equity securities (including warrants or options to acquire equity securities) for
which no market prices are available at fair value based on our pro rata share of the residual equity value available after deducting
all outstanding debt and other obligations, as applicable, from the estimated enterprise value of the portfolio company. To estimate
the enterprise value of the portfolio company, we analyze the discounted cash flows of the portfolio company and indicative pricing
(on a proved reserve and/or units-of-production basis, as appropriate) in recent comparable market transactions as mentioned above,
adjusted for lack of marketability due to the illiquid nature or other restrictions on the sale of the security. In most cases,
we may compute an average of the calculated values of our share of the residual equity value (using multiple approaches or various
assumptions) in determining the fair value of the equity security to be reported in our financial statements. Estimating a company’s
enterprise value involves judgment, and residual equity values can be relatively volatile based on changes in market conditions,
the company’s financial performance and outlook, and other factors. Fair value determinations using market comparables can
be sensitive to significant changes in the inputs. A significant increase (decrease) in the reserve multiple, or a significant
decrease (increase) in the discount for lack of marketability, for a particular equity security may result in a higher (lower)
fair value for that security.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In some cases, where we deem recent or pending
financing or recapitalization transactions involving the portfolio company to be more indicative of enterprise value, we use such
recent transactions to value the enterprise, in lieu of the discounted cash flow or market comparables. In addition, in cases where
we deem appropriate, we utilize an option pricing method, or OPM, to value the various preferred stock, common stock and warrants
we have in companies with complex capital structures. The OPM treats preferred stock, common stock and warrants as call options
on the enterprise value, with exercise prices based on liquidation preference of the security. The OPM commonly uses the Black-Scholes
model to price the call option and considers the various terms of the stockholder agreements upon liquidation of the enterprise.
In addition, the OPM implicitly considers the effect of the liquidation preference as of a future liquidation date, not as of the
valuation date.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Royalty Interests</I>: We record our
investments in overriding royalty interests at fair value based on a multiple of cash flows generated by such investments, multiples
from transactions involving the sale of comparable assets and/or the discounted value of expected future net cash flows from such
investments, adjusted for lack of marketability due to the illiquid nature or other restrictions on the sale of our investment.
We derive appropriate cash flow multiples from the review of comparable transactions involving similar assets. We derive the discounted
value of future net cash flows, when appropriate, from third party valuations of a portfolio company’s assets, such as engineering
reserve reports of oil and natural gas properties. A significant increase (decrease) in the cash flow multiple, or a significant
decrease (increase) in the discount for lack of marketability, for a particular investment may result in a higher (lower) fair
value for that investment.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Contingent Earn-Out</I>: Our contingent
earn-out investment resulted from the sale of our investment in Alden Resources, LLC to Globe BG, LLC in July 2011. The amount
of the payment, up to $6.8 million, is based on a formula involving the number of clean tons of coal produced multiplied by the
difference between the company’s cost of production in 2010 and the cost of production during the optimal consecutive twelve-month
period during the three-year period ended July 2014. Globe has informally advised us that the company’s relative cost of
production has not improved since July 2011, so we have estimated the value of the earn-out to be zero. The reporting and review
mechanism to conclude the ultimate value of the earn-out has not yet been completed.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Commodity Derivative Instruments</I>:
We record all derivative instruments at fair value. Quoted market prices are the best evidence of fair value. We determine the
fair value of the crude oil and natural gas options using a market-based valuation methodology based upon forward commodity price
and volatility curves. Independent pricing services provide the curves, which reflect broker market quotes. We consider these investments
as Level 2 on the valuation hierarchy, as the values represent quoted prices for similar instruments in active markets. We have
not held any commodity derivative instruments since September 30, 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We hold certain investments in debt or equity
securities that are publicly traded, but for which there are relatively few transactions or for which trading activity is relatively
infrequent. We value these investments at broker quotes as of the balance sheet date or at prices for which such securities were
most recently traded. We consider these investments as Level 2 on the valuation hierarchy, as the values represent quoted prices
for identical instruments in thinly-traded markets.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Due to the inherent uncertainty in the valuation
process, the fair values of our investments may differ materially from the values that would have been used had a ready market
for the securities existed. Additionally, changes in the market environment, portfolio company performance and other events that
may occur over the lives of the investments may cause the gains or losses ultimately realized on our investments to be materially
different than the valuations currently assigned.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="margin: 0"></P>
<P STYLE="margin: 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have investments in our portfolio that
contain payment-in-kind, or PIK, provisions. We compute PIK interest income or PIK dividend income at the contractual rate specified
in each investment agreement and add that amount to the principal balance of the investment. For those investments with PIK interest
or PIK dividends, we calculate our income accruals on the principal balance plus any PIK amounts. If the portfolio company’s
projected cash flows, further supported by estimated total enterprise value, are not sufficient to cover the contractual principal
and interest or dividend amounts, as applicable, we do not accrue interest income or dividend income on the investment. To maintain
our RIC status, we must pay out this non-cash income to stockholders in the form of dividends, even though we have not yet collected
the cash.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Fair value accounting classifies financial
assets and liabilities in their entirety based on the lowest level of input that is significant to the estimated fair value measurement.
Our assessment of the significance of a particular input to the estimated fair value measurement requires judgment, and may affect
the valuation of assets and liabilities and their placement within the fair value hierarchy levels. We did not have any liabilities
measured at fair value at September 30, 2014 or December 31, 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the three-and
nine-month periods ended September 30, 2014, none of our investments in portfolio companies changed between the categories of
Control Investments, Affiliate Investments and Non-Affiliate Investments, and there were no transfers between Levels 3, 2 or
1. During the nine-month period ended September 30, 2013, our investment in Spirit Resources, LLC changed from a
Non-Affiliate Investment to a Control Investment. During the three- and nine- month periods ended September 30, 2013, we
transferred one investment from Level 2 to Level 3 due to changes in observability of significant inputs. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following tables set forth our financial
assets by level within the fair value hierarchy that we accounted for at fair value as of September 30, 2014 and December 31, 2013
(in thousands):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 93%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; padding-bottom: 1pt">September 30, 2014:</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Portfolio investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Control investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 40%; text-align: left; padding-left: 0.25in">Senior secured debt</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">14,443</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">14,443</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Royalty interests</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">510</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">510</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total control investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,953</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14,953</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Subordinated debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15,580</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15,580</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,390</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,390</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total affiliate investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,970</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,970</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Senior secured debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">5,800</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">5,800</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Subordinated debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">53,170</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">12,360</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">40,810</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Limited term royalties</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">25,641</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">25,641</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 0.25in">Contingent earn-out</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Redeemable preferred units</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">54,334</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">54,334</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Royalty interests</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">44</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">44</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">44</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">44</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total non-affiliate investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">139,033</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,360</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">126,673</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total portfolio investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">170,956</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12,360</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">158,596</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Government securities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">U.S. Treasury Bills</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,610</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 0.5in">Total investments</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">201,566</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">30,610</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">12,360</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">158,596</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"> </P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 93%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; padding-bottom: 1pt">December 31, 2013:</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 1</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 2</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Level 3</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Portfolio investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Control investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 40%; text-align: left; padding-left: 0.25in">Senior secured debt</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">19,508</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">19,508</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Royalty interests</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">518</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">518</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,192</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,192</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total control investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">24,218</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">24,218</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Subordinated debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15,268</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15,268</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,775</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,775</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total affiliate investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17,043</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17,043</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt">Non-affiliate investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Senior secured debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15,975</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15,975</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Subordinated debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">70,292</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">29,474</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">40,818</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Limited term royalties</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">28,966</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">28,966</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 0.25in">Contingent earn-out</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in">Redeemable preferred units</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">52,760</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">52,760</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.25in">Royalty interests</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">588</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">588</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,529</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,529</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 27pt">Total non-affiliate investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">170,110</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,474</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">140,636</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.5in">Total portfolio investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">211,371</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">29,474</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">181,897</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Government securities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">U.S. Treasury Bills</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">46,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">46,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 0.5in">Total investments</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">257,371</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">46,000</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">29,474</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">181,897</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following tables present roll-forwards
of the changes in fair value during the three-and nine-month periods ended September 30, 2014 and 2013 for all investments for
which we determine fair value using unobservable (Level 3) factors (in thousands):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Senior Secured</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Subordinated</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Royalty</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Debt and</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Debt and</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interests</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Limited Term</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Redeemable</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">and Equity</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Contingent</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Royalties</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Preferred Units</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Securities</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Earn-out</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Investments</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Three Months Ended September 30, 2014:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="width: 45%"><FONT STYLE="font-size: 8pt">Fair value at June 30, 2014</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">57,491</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">109,732</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">3,720</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">170,943</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Total gains, (losses) and amortization:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net realized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">962</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">962</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net unrealized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,477</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">929</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1,342</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3,890</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net amortization of premiums, discounts and fees</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">488</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">42</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">528</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">New investments, repayments and settlements, net:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">New investments</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">969</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">969</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 8pt">Payment-in-kind</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">273</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">215</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">488</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Repayments and settlements</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(9,860</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(194</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,350</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(11,404</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Fair value at September 30, 2014</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">45,884</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">110,724</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">1,988</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">158,596</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Nine Months Ended September 30, 2014:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 8pt">Fair value at December 31, 2013</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">64,449</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">108,846</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,602</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">181,897</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Total gains, (losses) and amortization:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net realized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(9,382</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">962</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8,420</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net unrealized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(9,001</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11,012</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(6,211</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,200</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net amortization of premiums, discounts and fees</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">707</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">123</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(15</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">815</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">New investments, repayments and settlements, net:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">New investments</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,448</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,448</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 8pt">Payment-in-kind</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">418</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">583</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,001</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Repayments and settlements</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(13,137</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(458</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,350</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(14,945</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Fair value at September 30, 2014</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">45,884</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">110,724</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">1,988</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">158,596</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Of the net unrealized losses presented in
the table above, $12.1 million of such unrealized losses for the nine months ended September 30, 2014 were attributable to assets
we held at September 30, 2014, including Spirit Resources, LLC ($6.4 million) and Contour Highwall Holdings, LLC ($4.1 million).
We present net unrealized gains (losses) on our consolidated statements of operations as “Net unrealized appreciation (depreciation)
on investments.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Senior Secured</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Subordinated</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Royalty</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Debt and</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Debt and</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Interests</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Limited Term</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Redeemable</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">and Equity</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Contingent</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Total</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Royalties</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Preferred Units</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Securities</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Earn-out</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Investments</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Three Months Ended September 30, 2013:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="width: 45%"><FONT STYLE="font-size: 8pt">Fair value at June 30, 2013</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">71,529</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">93,436</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">9,297</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">174,262</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Total gains, (losses) and amortization:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net unrealized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(97</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">466</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">179</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">548</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net amortization of premiums, discounts and fees</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">95</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">24</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">116</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Transfers to Level 3</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">109</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">109</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">New investments, repayments and settlements, net:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">New investments</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,153</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,153</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 8pt">Payment-in-kind</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">107</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">171</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">278</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Repayments and settlements</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(779</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(779</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Fair value at September 30, 2013</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">73,008</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">94,097</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">9,582</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">176,687</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt">Nine Months Ended September 30, 2013:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 8pt">Fair value at December 31, 2012</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">101,234</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">81,357</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,863</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">240</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">185,694</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Total gains, (losses) and amortization:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net realized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net unrealized gains (losses)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(5,687</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4,135</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(240</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(10,043</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Net amortization of premiums, discounts and fees</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">565</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">78</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">640</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Transfers to Level 3</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">210</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">210</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">New investments, repayments and settlements, net:</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt"><FONT STYLE="font-size: 8pt">New investments</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16,492</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">40,676</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,897</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">60,065</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 8pt">Restructuring</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(8,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-left: 9pt"><FONT STYLE="font-size: 8pt">Payment-in-kind</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">212</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,125</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,337</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt"><FONT STYLE="font-size: 8pt">Repayments and settlements</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(37,514</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(23,452</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,750</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(62,716</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Fair value at September 30, 2013</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">73,008</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">94,097</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">9,582</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">176,687</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Of the $10.0 million in net unrealized losses
presented in the table above, $9.6 million was attributable to assets we held at September 30, 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table summarizes the significant
unobservable inputs in the fair value measurements of our Level 3 investments by category of investment and valuation technique
as of September 30, 2014 (dollars in thousands):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Fair Value as of</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Valuation</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Significant</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Range of</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Weighted</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Type of Investment</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">September 30, 2014</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Technique</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Unobservable Inputs</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Inputs</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Average</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 33%; text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Senior
debt securities and limited term royalties</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">36,941</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 15%; text-align: left"><FONT STYLE="font-size: 8pt">Discounted cash flow</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 15%; text-align: left"><FONT STYLE="font-size: 8pt">Discount rate</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 8pt">8.0%
- 22.5%</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 8pt">18.8</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,500</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Market comparables</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">EBITDA multiples</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3.0x - 5.0x</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> 4 .0x</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,443</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Recent or pending transactions</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">N/A</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">N/A</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">N/A</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">45,884</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-size: 8pt">Subordinated debt
securities and redeemable preferred units</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">42,779</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Discounted cash flow</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Discount rate</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8.9% - 17.4%</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">14.5</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">67,945</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Market comparables</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Reserve multiples (1)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">$9.00 - $15.00</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12.39</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Production multiples (2)</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">$24.00 - $51.00</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">34.86</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">EBITDA multiples</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">3.5x
- 5.5x</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> 4.8
x</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">110,724</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Royalty interests and equity securities</FONT> </TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,390</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Market comparables</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt">EBITDA multiples</FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt">5.5x - 6.5x</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> 6 .0x</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">598</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Recent or pending transactions</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">N/A</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">N/A</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">N/A</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">1,988</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: right; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">158,596</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: right; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Based on recent comparable
transactions involving similar assets, expressed as price per unit of equivalent barrel of oil in proved reserves.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">Based on recent comparable transactions involving similar
assets, expressed as price per daily production of equivalent barrel of oil in proved reserves.</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"> </P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note 8: Commodity Derivative Instruments</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We use commodity derivative instruments
from time to time to manage our exposure to commodity price fluctuations. We use all of our derivatives for risk management purposes
and do not hold any amounts for speculative or trading purposes. These contracts generally consist of options contracts on underlying
commodities. We do not designate these instruments as hedging instruments for financial accounting purposes and, as a result, we
recognize the change in the instruments’ fair value currently on the consolidated statement of operations as net increase
(decrease) in unrealized appreciation (depreciation) on investments. All of our oil put options had expired as of September 30,
2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The components of gains (losses) on commodity
derivative instruments are as follows (in thousands):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">For the Three Months Ended</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">For the Nine Months Ended</FONT></TD><TD NOWRAP STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">September 30,</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">September 30,</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2013</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2014</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">2013</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD NOWRAP STYLE="width: 40%; text-align: left"><FONT STYLE="font-size: 8pt">Unrealized gains on commodity derivatives</FONT></TD><TD NOWRAP STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="width: 12%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="width: 12%; text-align: right"><FONT STYLE="font-size: 8pt">68</FONT></TD><TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="width: 12%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="width: 12%; text-align: right"><FONT STYLE="font-size: 8pt">235</FONT></TD><TD NOWRAP STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD NOWRAP STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Realized losses on commodity derivatives</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(68</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(245</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: right"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD NOWRAP STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt">Net losses on commodity derivative instruments</FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">(10</FONT></TD><TD NOWRAP STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"> </TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B> </B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_3"></A>Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>You should read the following analysis
of our financial condition and results of operations in conjunction with management’s discussion and analysis contained in
our 2013 Annual Report on Form 10-K, as well as our consolidated financial statements and the notes thereto included in this Quarterly
Report on Form 10-Q.</I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Certain statements in this Quarterly Report
on Form 10-Q that relate to estimates or expectations of our future performance or financial condition may constitute “forward-looking
statements”. These forward-looking statements are subject to various risks and uncertainties, which could cause actual results
and conditions to differ materially from those projected, including, but not limited to,</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>uncertainties associated with the timing and likelihood of investment transaction closings;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>changes in the prospects of our portfolio companies;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>changes in interest rates;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>the future operating results of our portfolio companies and their ability to achieve their objectives;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>changes in regional, national or international economic conditions and their impact on the industries in which we invest;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>disruptions in the credit and capital markets;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>changes in the conditions of the industries in which we invest;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>the adequacy of our cash resources and working capital;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>the timing of cash flows, if any, from the operations of our portfolio companies;</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>the ability of our investment advisor to locate suitable investments for us and to monitor and administer the investments;
and</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in">•</TD><TD>other factors enumerated in our filings with the Securities and Exchange Commission, or the SEC.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.9pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may use words such as “anticipates,”
“believes,” “intends,” “plans,” “expects,” “projects,” “estimates,”
“will,” “should,” “may” and similar expressions to identify forward-looking statements. These
forward-looking statements are subject to various risks and uncertainties. Certain factors could cause actual results and conditions
to differ materially from those projected and our historical experience. You should not place undue reliance on such forward-looking
statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements
made herein, unless required by law.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Overview</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are a specialty finance company whose
investment objective is to generate both current income and capital appreciation primarily through debt investments with certain
equity components. We are an externally managed, closed-end, non-diversified management investment company that has elected to
be regulated as a business development company, or BDC, under the Investment Company Act of 1940, or the 1940 Act, and, as such,
we are required to comply with certain regulatory requirements. For instance, we generally have to invest at least 70% of our total
assets in “qualifying assets,” which include securities of private U.S. companies, U.S. companies whose securities
are listed on a national securities exchange but whose market capitalization is less than $250 million, cash, cash equivalents,
U.S. government securities and high-quality debt investments that mature in one year or less. In addition, for federal income tax
purposes we operate so as to qualify as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code
of 1986, or the Code, as amended. As a RIC, we generally do not have to pay corporate-level taxes on any income and capital gains
we distribute to our stockholders. We have several direct and indirect subsidiaries that are single member limited liability companies
and wholly-owned limited partnerships established to hold certain portfolio investments or provide services to us in accordance
with specific rules prescribed for a company operating as a RIC. We consolidate the financial results of our subsidiaries for financial
reporting purposes, and do not consolidate the financial results of our portfolio companies.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, our stockholders
approved a new investment advisory agreement pursuant to which Oak Hill Advisors, L.P., or OHA, was appointed as our new investment
advisor, replacing NGP Investment Advisor, LP, which had been our investment advisor since our inception. In connection with this
change in investment advisor, we changed our name from NGP Capital Resources Company to OHA Investment Corporation. OHA is a leading
independent investment firm specializing in direct lending, high yield bonds, leveraged loans, distressed investments, mortgage
strategies and corporate structured products. Managing our portfolio is an extension of OHA’s direct lending activities to
middle market companies, which OHA defines as companies with annual revenue of $50 million to $1 billion. With respect to sourcing,
OHA pursues selective direct origination from key financial sponsors, corporations and other sources, and it has sought to position
itself as a value-added partner in club transactions. OHA believes its experience in the below investment grade credit markets
positions it well to execute private deals and capture illiquidity premium and attractive, uncorrelated returns that may be found
in this market.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">OHA expects that most of our new investments
will be in senior and junior secured, unsecured and subordinated debt securities in U.S. private and public middle market companies
with maturities ranging from three to seven years. However, OHA seeks to identify attractive investments throughout the capital
structure and thus may invest in equity, distressed debt and other assets. From time to time, OHA may invest opportunistically
in other types of investments consistent with the terms of the 1940 Act.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the appointment of OHA
as our new investment advisor, each member of our Board of Directors resigned. In connection with their resignations, the Board
of Directors appointed a new slate of five directors, including<FONT STYLE="font: 10pt Times New Roman, Times, Serif"> </FONT>Glenn
R. August (Chairman) and Robert B. Okun as “interested directors,” and Stuart I. Oran, James A. Stern and Frank V.
Tannura as independent directors. The new members of the Board of Directors appointed Robert W. Long as our President and Chief
Executive Officer, and L. Scott Biar remains our Chief Financial Officer, Secretary, Treasurer and Chief Compliance Officer on
an interim basis.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, we completed the
private sale of $1 million in aggregate purchase price of our common stock at an offering price of $8.53 per share to an affiliate
of OHA, pursuant to the stock purchase and transaction agreement dated July 21, 2014, by and among us, OHA and the affiliate. The
price per share paid by the affiliate was the net asset value per share established by our previous board of directors as
of a date within 48 hours prior to the purchase, excluding the impact of certain transaction and closing expenses, and represented
a 38% premium to the market price per share on such date. The OHA affiliate has also executed a stock purchase plan in accordance
with Rule 10b-5-1 of the Securities Exchange Act of 1934, pursuant to which it has committed to purchase, from time to time during
the 12-month period ending September 30, 2015, through open market purchases, additional shares of our common stock having an aggregate
purchase price of $4 million. Through November 6, 2014, pursuant to such plan, the OHA affiliate has purchased an aggregate of
266,268 shares of our common stock in the open market at an average price of $6.38 per share, totaling $1.7 million. If the affiliate
has not purchased shares of our common stock under the stock purchase plan for an aggregate purchase price of $4 million by September
30, 2015, it has agreed to purchase from us, and we have agreed to issue and sell, the remaining balance at a price per share equal
to the net asset value per share of our common stock.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We generate revenue in the form of interest
income on the debt securities and limited-term royalty interests that we own, dividend income on common or preferred stock that
we own, royalty income on royalty interests that we own and capital gains or losses on debt or equity securities that we acquire
in portfolio companies and subsequently sell. Our investments, if in the form of debt securities, typically have a term of three
to seven years and bear interest at a fixed or floating rate, a portion of which may be paid-in-kind, or PIK, interest which is
added to the principal balance. To the extent achievable, we seek to collateralize our investments by obtaining security interests
in our portfolio companies’ assets. We also may acquire minority or majority equity interests in our portfolio companies,
which may pay cash or paid-in-kind, or PIK, dividends on a recurring or otherwise negotiated basis. In addition, we may generate
revenue in other forms including commitment, origination, structuring, administration or due diligence fees; fees for providing
managerial assistance; and potentially consulting fees. We recognize any such fees generated in connection with our investments
as earned.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our level of investment activity can and
does vary substantially from period to period depending on many factors. Some of these factors are the amount of debt and equity
capital available to middle market companies, the level of acquisition and divestiture activity for such companies, the general
economic environment and the competitive environment for the types of investments we make, and our own ability to raise capital
to fund our investments, both through the issuance of debt and equity securities. While we currently have capital available to
invest, we do not have unlimited capital. In addition, if a substantial portion of our investment portfolio were to be realized
in the near term, no assurance can be given that our investment advisor will be able to source sufficient appropriate investments
to timely replace the investment income from the realized investments.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Portfolio and Investment Activity</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 4, 2014, in connection with a refinancing, Nekoosa
Coated Products Holdings, Inc., or Nekoosa, prepaid its Second Lien Term Loan in the amount of $18.4 million. This prepayment included
a 2%, or $0.4 million, call premium, and we will record previously unamortized original issue discount of $0.3 million as additional
interest income in the fourth quarter as a result of this prepayment. This investment was initiated in April 2013 and generated
an internal rate of return of 19.6% and a return on investment of 1.3x.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In July 2014, Crossroads Energy Development,
LLC, or Crossroads, fully repaid its Senior Secured Term Loan in the amount of $9.0 million and repurchased our overriding royalty
interest and warrants in Crossroads for a combined $1.4 million, resulting in a capital gain of $1.0 million, or $0.05 per common
share. This investment was outstanding for 13 months and generated an internal rate of return of 31.0% and a return on investment
of 1.3x.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In June 2014, we sold a $3.0 million face
amount portion of our Talos Production, LLC 9.75% Senior Unsecured Notes, or the Talos Notes, at an average price of 105.8% of
par, resulting in a capital gain of $0.2 million, or $0.01 per common share.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In April 2014, we sold our $13.0 million
face amount of Midstates Petroleum Company 10.75% Senior Subordinated Notes, or the Midstates Notes, at an average price of 108.1%
of par, resulting in a capital gain of $0.7 million, or $0.03 per common share. Our investment in the Midstates Notes, which originated
in October 2012, generated an internal rate of return of 14.6% with a return on investment of 1.2x.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In January 2014, we accepted a third party
bid to purchase our GMX Resources, Inc., or GMX, Senior Secured Second-Priority Notes due 2018, or the GMX 2018 Notes, for $70,000.
This transaction resulted in a realized capital loss of $9.4 million, or $0.47 per share, which was entirely offset by the reversal
of previously recognized unrealized depreciation on this investment. GMX’s bankruptcy filing in 2013 severely impacted our
investment, which generated an internal rate of return of -21.2% and a return on investment of 0.5x.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In 2011 and 2012, we purchased from
ATP Oil & Gas Corporation, or ATP, limited-term overriding royalty interests, or ORRIs, in certain offshore oil and gas
producing properties operated by ATP in the Gulf of Mexico, including $25.0 million paid on July 3, 2012. Under this
arrangement, we purchased the right to portions (ranging from 5.0% to 10.8%) of the monthly production proceeds from the
various oil and gas properties subject to the ORRIs in ATP’s Gomez and Telemark properties. The terms of the ORRIs
provide that they will terminate after we receive production payments that equal a defined sum calculated (generally) based
on our investment in the ORRIs plus a time-value factor at a rate of 13.2% per annum. On August 17, 2012, ATP filed for
protection under Chapter 11 of the U.S. Bankruptcy Code. For more information, please refer to the discussion of the ATP
Litigation under the heading “Legal Proceedings” in Note 6, “Commitments and Contingencies,” to the
Consolidated Financial Statements included elsewhere in this Quarterly Report on Form 10-Q. As of September 30, 2014, our
unrecovered investment was $27.7 million, and we had received aggregate production payments of $30.1 million subject to a
disgorgement agreement. In addition, as of September 30, 2014, we had incurred legal and consulting fees totaling $4.5
million in connection with the enforcement of our rights under the ORRIs. On various occasions, we have provided notice that
such legal expenses will be added to our unrecovered investment balance to the extent they are not reimbursed. To date, we
have not received any payments on account of legal expenses aside from our receipt of regular monthly production payments. We
add our legal expenses to the unrecovered investment balance in accordance with our transaction documents. As of September 30,
2014, $4.2 million of the $4.5 million in legal and consulting fees have been added to, and are thus included in, the
unrecovered investment balance under the terms of our transaction documents. The remaining amounts of legal and consulting fees,
totaling $0.3 million and $0.5 million as of September 30, 2014 and December 31, 2013, respectively, are included in accounts
receivable and other current assets on our consolidated balance sheets and are, thus, not included in the unrecovered
investment balance as of such dates.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table summarizes our investment
activity, on a cost basis, for the nine months ended September 30, 2014 and 2013 (dollars in millions):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 70%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 70%">Investment portfolio, beginning of period</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">227.9</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">219.9</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">New investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">78.3</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Additional investments in existing portfolio companies</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3.6</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">9.3</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt">Principal repayments, realizations and settlements</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(42.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(74.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt">Investment portfolio, end of period</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">189.3</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">233.3</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Number of portfolio companies at end of period</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">13</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">16</TD><TD STYLE="text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The table below shows our portfolio investments
by type as of September 30, 2014 and December 31, 2013. We compute yields on investments using interest rates as of the balance
sheet date and include amortization of original issue discount and market premium or discount, royalty income and other similar
investment income, weighted by their respective costs when averaged. We compute the yield on income from derivatives using estimated
derivative income, net of expired options costs. These yields do not include income from any investments on non-accrual status
but do include the cost basis of such investments in the denominator. Such weighted average yields are not necessarily indicative
of expected total returns on a portfolio.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">September 30, 2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="10" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31, 2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP STYLE="font-weight: bold"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">Weighted</TD><TD NOWRAP STYLE="font-weight: bold"> </TD><TD NOWRAP> </TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: center"> </TD><TD NOWRAP> </TD><TD NOWRAP> </TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP> </TD><TD NOWRAP STYLE="font-weight: bold"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center">Weighted</TD><TD NOWRAP STYLE="font-weight: bold"> </TD><TD NOWRAP> </TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: center"> </TD><TD NOWRAP> </TD><TD NOWRAP> </TD>
<TD COLSPAN="2" NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Average</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage of Portfolio</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt">Average</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage of Portfolio</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="text-align: right"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Yields</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Cost</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fair Value</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Yields</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Cost</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fair Value</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 40%; text-align: left">Senior secured debt</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 7%; text-align: right">9.7</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 7%; text-align: right">14.2</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 7%; text-align: right">11.9</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 7%; text-align: right">12.6</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 7%; text-align: right">15.7</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 7%; text-align: right">16.8</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Subordinated debt</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">13.3</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">35.9</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">40.2</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">11.1</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">41.7</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">40.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Limited term royalties</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">13.8</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">14.8</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">15.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">13.8</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">12.9</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">13.7</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD>Contingent earn-out</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Royalty interests</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">161.2</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.3</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">78.2</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.1</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.5</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Redeemable preferred units</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">8.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">26.9</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">31.8</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">8.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">22.6</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">25.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Equity securities</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Membership and partnership units</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">5.6</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.8</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">4.7</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Participating preferred stock</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2.3</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1.9</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Common stock</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.2</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.0</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.2</TD><TD STYLE="text-align: left">%</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">0.3</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 1pt; padding-left: 9pt">Warrants</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.4</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Total equity securities</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8.2</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.8</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7.0</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.5</TD><TD STYLE="padding-bottom: 1pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 27pt">Total portfolio investments</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">10.4</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">10.2</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"> </TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">%</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of September 30, 2014 and December 31,
2013, the total fair value of our portfolio investments was $171.0 million and $211.4 million, respectively. Of those fair value
totals, approximately $158.6 million, or 93%, as of September 30, 2014, and $181.9 million, or 86%, as of December 31, 2013, are
determined using significant unobservable (i.e., Level 3) inputs.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Results of Operations</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investment Income</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the three months ended September
30, 2014, our total investment income was $5.6 million, decreasing by $0.4 million, or 7%, compared to $6.0 million in the corresponding
period of 2013. The decrease in 2014 was primarily a result of a decrease in the size of our investment portfolio due to sales,
repayments and settlements in excess of new investments between the two periods. Our portfolio balance, on a cost basis, decreased
from $227.8 million at September 30, 2013 to $186.5 million at September 30, 2014, primarily as a result of net sales, redemptions
and settlements in excess of new portfolio investments. Our weighted average yield decreased slightly from 10.5% at September 30,
2013 to 10.4% at September 30, 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the nine months ended September 30,
2014, investment income decreased by $4.5 million, or 21%, to $16.9 million compared to the same period in 2013. The decrease in
2014 is primarily attributable to “make whole” interest income earned in 2013 totaling $2.5 million from the repayments
of loans to Castex Energy Development Fund, LLC, or CDF, and Resaca Exploitation, Inc., or Resaca, and as a result of lower average
portfolio balances in 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The table below summarizes our non-accruing
and non-income producing investments:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">September 30, 2014</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">December 31, 2013</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">(Dollars in thousands)</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Cost</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fair Value</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Cost</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fair Value</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD>Non-accruing investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="width: 56%; text-align: left; padding-left: 9pt">Chroma Exploration & Production, Inc.</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">4,312</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">4,312</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">21</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">GMX Resources, Inc. second-priority notes (sold in January 2014)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">9,452</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">70</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Spirit Resources, LLC - Tranche B (non-accrual 3/31/14)</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,409</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,443</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><U STYLE="text-decoration: none"> N/A </U></TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><U STYLE="text-decoration: none"> N/A </U></TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Total non-accruing investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,721</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,443</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13,764</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">91</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Non-income producing investments</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right"> </TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Contour Highwall Holdings, LLC units</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">836</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">Crossroads Energy Development, LLC warrants (sold in July 2014)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">237</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">796</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Globe BG, LLC (contingent Alden Resources royalty earn-out)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 0.25in; text-indent: -0.125in">Huff Energy Holdings, Inc. warrants and overriding royalty (after pay-out)</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">84</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">90</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">84</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">84</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-left: 9pt">Myriant Corporation common stock and warrants</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">468</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">468</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">670</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-left: 9pt">NGP/OCI Investments, LLC Class A Units</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,500</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,390</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">2,500</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,775</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 9pt">Spirit Resources, LLC preferred units</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,356</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.25in">Total non-income producing investments</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,052</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,480</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,289</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,517</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 27pt">Total non-accruing and non-income producing investments</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">19,773</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2,923</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">25,053</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">7,608</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Operating Expenses</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The table below summarizes the components
of our operating expenses (in thousands):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
<TD> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">For The Three Months Ended</TD><TD STYLE="font-weight: bold"> </TD><TD STYLE="font-weight: bold"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">For The Nine Months Ended</TD><TD STYLE="font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="padding-bottom: 1pt"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">September 30,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="6" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">September 30,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD></TR>
<TR STYLE="vertical-align: bottom">
<TD> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 40%; text-align: left">Interest expense and bank fees</TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">405</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">655</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">1,569</TD><TD STYLE="width: 1%; text-align: left"> </TD><TD STYLE="width: 1%"> </TD>
<TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">2,468</TD><TD STYLE="width: 1%; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left">Management and incentive fees</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,254</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">1,405</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">3,906</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">4,602</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left">Costs related to strategic alternatives review</TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">5,352</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">6,017</TD><TD STYLE="text-align: left"> </TD><TD> </TD>
<TD STYLE="text-align: left"> </TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Professional fees, insurance expenses and other G&A</TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,333</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,262</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,798</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD><TD STYLE="padding-bottom: 1pt"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"> </TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,847</TD><TD STYLE="padding-bottom: 1pt; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; padding-bottom: 2.5pt">Total operating expenses</TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8,344</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">3,322</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">16,290</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD><TD STYLE="padding-bottom: 2.5pt"> </TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">10,917</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"> </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the three months ended September 30,
2014, operating expenses were $8.3 million, increasing $5.0 million compared to $3.3 million for the quarter ended September 30,
2013. The increase was primarily attributable to $5.4 million of costs related to our strategic alternatives review that resulted
in the appointment of OHA as our new investment advisor. Interest expense and fees on our credit facilities were $0.4 million for
the three months ended September 30, 2014, compared to $0.7 million for the three months ended September 30, 2013, as a result
of decreased borrowing levels supporting our smaller investment portfolio. Management and incentive fees were 11% lower in the
quarter ended September 30, 2014 at $1.3 million, compared to $1.4 million for the quarter ended September 30, 2013, primarily
as a result of lower average total asset balances, which are the basis for the base management fee computation. Professional fees,
insurance expenses and other general and administrative expenses totaled $1.3 million for the quarter ended September 30, 2014,
increasing slightly compared to the quarter ended September 30, 2013, primarily as a result of the timing of costs related to our
annual stockholders meeting, which was held during the third quarter in 2014 but in the second quarter in 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the transactions
surrounding the appointment of OHA as our new investment advisor, and the process of evaluating strategic alternatives which
led up to it, we incurred costs totaling $5.4 million, or $0.26 per share, during the three months ended September 30, 2014,
including $3.4 million of retention payments to employees of our former administrator pursuant to retention agreements
entered into in September 2013 and allocated to us under the terms of the administration agreement with NGP Administration,
LLC, $1.1 million for a “tail” insurance policy covering our former directors, and officers, and $0.9 million of
legal and investment banking advisory fees. The additional $0.7 million, or $0.03 per share, of costs related to the
strategic alternatives review incurred during the first six months of 2014 primarily included legal and professional fees. We
also incurred an additional $0.6 million, or $0.03 per share, of costs related to the strategic alternatives review during
the fourth quarter of 2013. Thus, the total cost incurred related to the strategic review process was $6.7 million, or $0.32
per share.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the nine months ended September 30,
2014, operating expenses were $16.3 million, increasing by $5.4 million, or 50%, compared to $10.9 million for the nine months
ended September 30, 2013, primarily as a result of $6.0 million of costs related to our strategic alternatives review that resulted
in the appointment of OHA as our new investment advisor. Interest expense and fees on our credit facilities decreased to $1.6 million
for the nine months ended September 30, 2014, compared to $2.5 million for the nine months ended September 30, 2013, as a result
of decreased borrowing levels supporting our smaller investment portfolio. Management and incentive fees were 15% lower in the
first nine months of 2014 at $3.9 million, compared to $4.6 million in the prior year, primarily as a result of investment income
incentive fees of $0.4 million in 2013, driven by our net investment income exceeding the quarterly hurdle rate of 2% in the second
quarter of 2013. Professional fees, insurance expenses and other general and administrative expenses for the nine months ended
September 30, 2014 increased by $1.0 million, or 26%, to $4.8 million, compared to $3.8 million for the nine months ended September
30, 2013, primarily as a result of $0.6 million, or $0.03 per share, of administrative costs expensed upon the expiration of our
shelf registration statement on Form N-2 in April 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Operating expenses include our allocable
portion of the total operating expenses incurred by us, our investment advisor and our administrator, as determined by our Board
of Directors and representatives of our investment advisor and our administrator. Other general and administrative expenses include
our allocated share of employee, facilities, stockholder services and marketing costs incurred by our administrator.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">According to the terms of our previous investment
advisory agreement with NGP Investment Advisor, LP, we calculated the base management fee quarterly as 0.45% of the average of
our total assets (inclusive of all cash and cash equivalents without any exclusions) as of the end of the two most recent fiscal
quarters. According to the terms of our new Investment Advisory Agreement with OHA, effective October 1, 2014, we will calculate
the base management as 0.4375% (reduced to 0.375% in the first year) of the average of our total assets (excluding cash, cash equivalents
and U.S. treasury bills that are purchased with borrowed funds solely for the purpose of satisfying quarter-end diversification
requirements related to our election to be taxed as a RIC under the Code). Consequently, our base management fee, relative to our
total asset balances, will be lower in future periods compared to historical levels.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under the OHA Investment Advisory Agreement,
the investment income incentive fee will be calculated quarterly at a rate of 20% of quarterly net investment income above a “hurdle
rate” of 1.75% per quarter (7% annualized) with a “catch up” provision. Under our previous investment advisory
agreement, the investment income incentive fee was calculated at 20% of net investment income above a “hurdle rate”
of 2.0% per quarter (8% annualized) with no “catch up” provision. We have not incurred any investment income incentive
fees since the second quarter of 2013. However, if our operating results improve considerably in future periods and exceed the
1.75% quarterly hurdle rate, we will incur investment income incentive fees.</P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Net Investment Income (Loss)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the three months ended September 30,
2014, net investment loss was $2.8 million, or $0.14 per common share, compared to net investment income of $2.6 million, or $0.13
per common share, for the three months ended September 30, 2013. The $5.4 million decrease in net investment income was primarily
attributable to the $5.4 million of costs related to the strategic alternatives review process and the transactions related to
the appointment of OHA as our new investment advisor.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the nine months ended September 30,
2014, net investment income was $0.6 million, or $0.03 per common share, compared to $10.4 million, or $0.50 per common share,
for the nine months ended September 30, 2013. The $9.8 million decrease was primarily attributable to the $6.0 million of costs
related to the strategic alternatives review process and the decrease in investment income described above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Net Realized Gains (Losses)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the three months ended September 30,
2014, we realized net capital gains of $1.0 million, or $0.05 per common share, as a result of the realization of our overriding
royalty interest and warrants in Crossroads. We did not realize any gains or losses on investments during the three months ended
September 30, 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the nine months ended September 30, 2014, we realized net
capital losses of $8.1 million, or $0.40 per common share, primarily as the result of a loss of $9.4 million on the disposition
of our GMX 2018 Notes, partially offset by net realized gains on the settlement of our investments in Crossroads, the sale of our
Midstates Notes and partial sale of our Talos Notes. For the nine months ended September 30, 2013, we recognized net realized capital
gains of $0.8 million resulting from a $1.8 million gain from the sale of our Class B LP units of CDF and a $1.3 million gain from
the sale of $10.0 million face amount of EP Energy Senior Unsecured Notes, or the EP Energy Notes, at an average price of 113.375%
of par, partially offset by a $1.6 million loss from the sale of our 228,853 shares of GMX common stock at an average price of
$3.28, a $0.2 million loss on the disposition of our Resaca warrants and a $0.5 million loss resulting from adjustments to liabilities
recorded to satisfy obligations related to certain previously disposed investments.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Unrealized Appreciation or Depreciation on Investments</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the three months ended September 30,
2014, net unrealized depreciation on portfolio investments was $4.3 million, or $0.21 per share, primarily due to decreases in
the estimated fair value of our investments in Contour Highwall Holdings, LLC, or Contour, of $3.9 million and the Crossroads investments,
due to realization, of $1.4 million, offset by increases in the estimated fair value of our investments in OCI Holdings, LLC, or
OCI, Subordinated Notes and Preferred Units of $0.7 million, Castex 2005, LP Preferred Units of $0.5 million and net decreases
in the value of remaining investments of $0.2 million. By comparison, for the three months ended September 30, 2013, net unrealized
appreciation on portfolio investments was $2.5 million, or $0.12 per share, primarily due to increases in the estimated fair value
of our investments in Talos Notes of $1.3 million, Midstates Notes of $0.6 million, Crossroads ORRI and warrants totaling $0.5
million and net increases in the value of remaining investments of $0.1 million. We have lowered the estimated fair value of our
Senior Secured Term Loan and equity investment in Contour to reflect the current weak industry conditions in the highwall coal
mining market, and their impact on Contour’s operations, cash flows and underlying value of its assets.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the nine months ended September 30,
2014, net unrealized depreciation on portfolio investments was $5.0 million, or $0.24 per share, primarily due to decreases in
the estimated fair value of our investments in Contour of $4.1 million, Spirit Resources, LLC, or Spirit, Preferred Units and Tranche
B Senior Notes of $6.4 million, ATP limited-term ORRIs of $2.2 million and the reversal of previously recorded unrealized appreciation,
due to realization, associated with our investments in Crossroads of $1.4 million, partially offset by the reversal of previously
recorded unrealized depreciation, due to realization, associated with our investment in GMX 2018 Notes of $9.4 million and net
decreases in the value of remaining investments of $0.3 million. By comparison, for the nine months ended September 30, 2013, net
unrealized depreciation on portfolio investments was $10.2 million, or $0.49 per share, primarily due to decreases in the estimated
fair value of our investments in GMX 2018 Notes of $7.4 million and Spirit Preferred Units and overriding royalty interests of
$4.3 million, partially offset by increases in the fair value of Castex 2005 Preferred Units of $1.1 million and net increases
in the fair value of our remaining investments of $0.4 million. We are involved in negotiations to liquidate
Spirit’s assets, and we have lowered the fair value of our Spirit investments to
reflect the status of such negotiations.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Net Increase (Decrease) in Net Assets Resulting
from Operations</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the three months ended September 30,
2014, we recorded a net decrease in net assets resulting from operations of $6.1 million, or $0.30 per share, compared to a net
increase in net assets resulting from operations of $5.1 million, or $0.25 per share, for the three months ended September 30,
2013. The $11.1 million, or $0.55 per share, net decrease between the two periods was primarily attributable to the $5.4 million
of costs related to the strategic alternatives review process, and the $5.7 million net increase in net realized and unrealized
losses on our investments, all of which are described above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the nine months ended September 30,
2014, we recorded a net decrease in net assets resulting from operations of $12.5 million, or $0.61 per share, compared to a net
increase in net assets resulting from operations of $1.0 million, or $0.05 per share, for the nine months ended September 30, 2013.
The $13.4 million, or $0.66 per share, net decrease between the two periods was primarily attributable to the $9.8 million reduction
in net investment income, and the $3.6 million increase in net realized and unrealized losses on our investments, both of which
are described above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Financial Condition, Liquidity and Capital Resources</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the nine months ended September 30,
2014, we generated cash from operations of $1.6 million, excluding net purchases of investments, compared to $8.8 million during
the comparable period of 2013. The lower amount of cash generated from operations in 2014 was primarily attributable to the $6.0
million of costs related to the strategic alternatives review in 2014 and lower cash investment income in 2014 compared to 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our net cash provided by operating activities
for the nine months ended September 30, 2014 was $46.1 million, compared to $1.5 million for the same period of 2013. This increase
in net cash provided in 2014 was primarily due to lower net purchases of investments in portfolio securities and U.S. Treasury
Bills in 2014. Purchases of portfolio securities during the first nine months of 2014 totaled $2.4 million, compared to $84.9 million
during the first nine months of 2013. Purchases in 2014 consisted of additional investments in existing portfolio companies. Purchases
in 2013 primarily included the Talos Notes of $24.8 million, OCI Subordinated Notes and direct equity co-investment totaling $17.2
million, Nekoosa Second Lien Term Loan of $17.2 million, KOVA International, Inc. Senior Notes of $8.8 million, Crossroads Senior
Secured Term Loan of $8.8 million and additional investments in existing portfolio companies totaling $8.1 million. Proceeds from
the realization of investments totaled $31.6 million during the first nine months of 2014, compared to $77.6 million during the
first nine months of 2013. Realizations in 2014 included Midstates Notes of $14.1 million, Crossroads Senior Secured Term Loan,
ORRI and warrants totaling $10.4 million, Talos Notes of $3.2 million, ATP limited-term ORRI of $3.0 million and other realizations
totaling $0.9 million. Realizations in 2013 included CDF Senior Secured Term Loan and Class B LP units of $29.3 million, Resaca
Senior Unsecured Term Loan of $13.7 million, EP Energy Notes of $11.3 million, Southern Pacific Resources Corp. Term Loan of $9.7
million, ATP limited-term ORRI of $9.3 million and other realizations totaling $4.3 million. During the first nine months of 2014,
we recorded net sales of U.S. Treasury Bills of $15.4 million, compared to zero in the first nine months of 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At September 30, 2014, we had cash and cash
equivalents totaling $55.6 million. At September 30, 2014, the amount outstanding under our $72.0 million Third Amended and Restated
Revolving Credit Agreement, or the Investment Facility, was $57.0 million and $15.0 million was available for borrowing. We repaid
$51.0 million of the balance outstanding under the Investment Facility in early October with cash on hand. As of September 30,
2014, the amount outstanding under our $30.0 million Treasury Secured Revolving Credit Agreement, or the Treasury Facility, was
$30.0 million, and there was no additional amount available for borrowing. We repaid the entire balance outstanding under the Treasury
Facility in October 2014 with proceeds from the sale of U.S. Treasury Bills.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the nine months ended September 30,
2014, we paid cash dividends totaling $9.8 million, or $0.48 per share, to our common stockholders. In September 2014, we declared
a third quarter dividend totaling $3.3 million, or $0.16 per share, which was paid in October 2014. We currently intend to continue
to distribute, out of assets legally available for distribution and as determined by our Board of Directors, in the form of quarterly
dividends, a minimum of 90% of our annual investment company taxable income to our stockholders.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We determine the tax characteristics of
our dividend distributions as of the end of the fiscal year, based on the taxable income for the full year and distributions paid
during the year. Taxable income available for distribution differs from consolidated net investment income under GAAP due
to (i) temporary and permanent differences in income and expense recognition, (ii) capital gains and losses, (iii) activity at
taxable subsidiaries, and (iv) the timing and period of recognition regarding dividends declared in December of one year and paid
in January of the following year. The tax characteristics for dividends paid in 2014 will be reported to each stockholder
on Form 1099-DIV after the end of the year. Based on the information currently available, and largely as a result of the costs
incurred related to the strategic review process, the final tax characteristics for dividend distributions in 2014 are expected
to include ordinary taxable income and return of capital.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On October 31, 2011, our Board of Directors
approved a stock repurchase plan, pursuant to which we may, from time to time, repurchase up to $10.0 million of our common stock
in the open market at prices not to exceed net asset value during our open trading periods. Our Board of Directors authorized this
plan because it believed that general market trading activity may cause our common stock to be undervalued from time to time.
The repurchase program does not obligate us to purchase any shares and may be discontinued at any time. Pursuant to this plan,
during 2012 and 2013, we repurchased an aggregate of 1,129,014 shares of our common stock in the open market at an average price
of $6.71 per share, for total purchases of $7.6 million. We have not made any repurchases pursuant to the stock repurchase plan
since May 2013. Under the terms of the stock repurchase plan, we are authorized to repurchase
up to an additional $2.4 million of our common stock. Any future repurchases will be made in accordance with applicable securities
laws and regulations that set certain restrictions on the method, timing, price and volume of stock repurchases and certain notice
requirements.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credit Facilities and Borrowings</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 23, 2013, we entered into a $72.0 million Investment
Facility, which replaced our previous credit facility. The total amounts outstanding under the Investment Facility were $57.0 million
and $53.0 million as of September 30, 2014 and December 31, 2013, respectively. The Investment Facility was amended September 29,
2014, to permit the appointment of OHA as our new investment advisor. Substantially all of our assets except our investments in
U.S. Treasury Bills are collateral for the obligations under the Investment Facility. The Investment Facility matures on May 23,
2016, and bears interest, at our option, at either (i) LIBOR plus 325 to 475 basis points, or (ii) the base rate plus 225 to 375
basis points, both based on our amounts outstanding. As of September 30, 2014, the average interest rate on our outstanding balance
of $57.0 million was 3.9%, and an additional $15.0 million was available for borrowing under the Investment Facility. We repaid
$51.0 million of the balance outstanding under the Investment Facility in early October 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 31, 2011, we entered into
a $30.0 million Treasury Facility that can only be used to purchase U.S. Treasury Bills. Proceeds from the Treasury
Facility facilitate the growth of our investment portfolio and provide flexibility in the sizing of our portfolio
investments. The Treasury Facility has been amended from time to time, generally to extend the expiration date and, in some
cases, to revise the size of the facility. On September 24, 2014, we entered into a fifth amendment to the Treasury Facility
which extended the expiration date to September 24, 2015, reduced the size of the Treasury Facility to $30.0 million, and
permitted the appointment of OHA as our new investment advisor. We have the right at any time to prepay amounts outstanding
under the Treasury Facility, in whole or in part, without premium or penalty. As of September 30, 2014, we had $30.0 million
outstanding and no additional amount available for borrowing under the Treasury Facility, and the interest rate on our
outstanding balance was 1.7%. We repaid the entire balance outstanding under the Treasury Facility in October 2014 with
proceeds from the sale of U.S. Treasury Bills.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Investment and Treasury Facilities contain
affirmative and reporting covenants and certain financial ratio and restrictive covenants that apply to our subsidiaries and us.
We complied with these covenants as of September 30, 2014 and had no existing defaults or events of default under either facility.
The most restrictive covenants are:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of net asset value to consolidated total indebtedness (excluding net hedging liabilities) of not less than
2.25:1.0,</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of net asset value to consolidated total indebtedness (including net hedging liabilities) of not less than
2.0:1.0,</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of EBITDA (excluding revenue from cash collateral) to interest expense (excluding interest on loans under
the Treasury Facility) of not less than 3.0:1.0, and</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD>maintaining a ratio of collateral to the aggregate principal amount of borrowings under the Treasury Facility of not less than 1.02:1.0.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition to proceeds from borrowings
under our Investment Facility, we may also fund a portion of our investments with issuances of equity or senior debt securities.
We expect our primary use of funds to be investments in portfolio companies, cash distributions to holders of our common stock
and payment of operating expenses.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dividends</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have elected to operate our business
to be taxed as a RIC for federal income tax purposes. As a RIC, we generally are not required to pay corporate-level federal income
taxes on any ordinary income or capital gains that we timely distribute to our stockholders as dividends. To maintain our RIC status,
we must meet specific source-of-income and asset diversification requirements and distribute annually an amount equal to at least
90% of our “investment company taxable income” (which generally consists of ordinary income and realized net short-term
capital gains in excess of realized net long-term capital losses, if any, reduced by deductible expenses) and net tax-exempt interest.
In order to avoid certain excise taxes imposed on RICs, we must distribute during each calendar year an amount at least equal to
the sum of (1) 98% of our ordinary income for the calendar year, (2) 98.2% of our capital gain net income (i.e., realized capital
gains in excess of realized capital losses) for the one-year period ended on October 31 of that calendar year, and (3) 100% of
any ordinary income or capital gain net income not distributed in prior years and on which we did not pay corporate-level federal
income taxes. We currently intend to make sufficient distributions to satisfy the annual distribution requirement and to avoid
the excise taxes.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We determine the tax characteristics of
our dividend distributions as of the end of the fiscal year, based on the taxable income for the full year and distributions paid
during the year. Taxable income available for distribution differs from consolidated net investment income under GAAP due
to (i) temporary and permanent differences in income and expense recognition, (ii) capital gains and losses, (iii) activity at
taxable subsidiaries, and (iv) the timing and period of recognition regarding dividends declared in December of one year and paid
in January of the following year. The tax characteristics for dividends paid in 2014 will be reported to each stockholder
on Form 1099-DIV after the end of the year. Based on the information currently available, and largely as a result of the costs
incurred related to the strategic review process, the final tax characteristics for dividend distributions in 2014 are expected
to include ordinary taxable income and return of capital.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may not achieve operating results that
will allow us to make distributions at a specific level or to increase the amount of these distributions from time to time. In
addition, we may be limited in our ability to make distributions due to the asset coverage test for borrowings when applicable
to us as a BDC under the 1940 Act and due to provisions in our Investment Facility. If we do not distribute a certain percentage
of our income annually, we will suffer adverse tax consequences, including possible loss of our status as a RIC. We cannot assure
stockholders that they will receive any distributions or distributions at any specific level.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Portfolio Credit Quality</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At September 30, 2014, most of our portfolio
investments were in negotiated, and often illiquid, securities of energy-related and middle market businesses. We maintain a system
to evaluate the credit quality of these investments. While incorporating quantitative analysis, this system is a qualitative assessment.
This system is intended to reflect the overall, long-term performance of a portfolio company’s business, the collateral coverage
of an investment, and other relevant factors. Our rating scale ranges from 1 to 7, with 1 being the highest credit quality. Our
average portfolio rating on a dollar-weighted fair market value basis was 3.7 as of September 30, 2014 and December 31, 2013. Of
the 21 rated investments in 13 portfolio companies as of September 30, 2014, compared to December 31, 2013, 15 investments retained
the same rating and six investments declined in rating during the first nine months of 2014. We are currently evaluating our risk
rating system and may revise or replace this system in the future.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of September 30, 2014, we had two investments
on non-accrual status with an aggregate cost and fair value of $8.7 million and $1.4 million, respectively. Our portfolio investments
at fair value were approximately 92% and 95% of the related cost basis as of September 30, 2014 and December 31, 2013, respectively.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Contractual Obligations and Off-Balance Sheet Arrangements</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table summarizes our contractual
payment obligations at September 30, 2014 (in thousands):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">Less than</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 8pt">More than</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
<TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Revolving credit facilities </B></FONT><B><FONT STYLE="font-size: 8pt"><SUP>(1)</SUP> :</FONT></B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Total</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">1 Year</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">1-3 Years</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">3-5 Years</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">5 Years</FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="width: 45%; text-align: left"><FONT STYLE="font-size: 8pt"> Investment Facility</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">57,000</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">57,000</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> Treasury Facility</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">30,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">30,000</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding-bottom: 2.5pt; text-indent: 8pt"><FONT STYLE="font-size: 8pt">Total</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">87,000</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">30,000</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">57,000</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 8pt"> </FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 8pt">-</FONT></TD><TD STYLE="padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 8pt"> </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Excludes accrued interest amounts.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have certain unused commitments to extend
credit to our portfolio companies. Generally, these commitments have fixed expiration dates, and we do not expect to fund the entire
amounts before they expire. Therefore, these commitment amounts do not necessarily represent future cash requirements. We do not
report the unused portions of these commitments on our consolidated balance sheets. Our unused credit commitments totaled $0.3
million and $3.3 million as of September 30, 2014 and December 31, 2013, respectively.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_4"></A>Item 3. Quantitative and Qualitative Disclosures About
Market Risk.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">There have been no material changes from
the information provided in Item 7A of our Annual Report on Form 10-K for the year ended December 31, 2013.</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_5"></A>Item 4. Controls and Procedures.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Disclosure Controls and Procedures</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We maintain disclosure controls and procedures
(as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended, or the Exchange Act), designed
to ensure that information required to be disclosed in our reports that we file under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the rules and forms of the SEC and accumulated and communicated to
management, including our Chief Executive Officer and our Chief Financial Officer, to allow timely decisions regarding required
disclosures.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the preparation of this
Quarterly Report on Form 10-Q, as of the end of the fiscal period covered by this Quarterly Report on Form 10-Q (September 30,
2014), we performed an evaluation, under the supervision and with the participation of management, including our Chief Executive
Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures
pursuant to Rules 13a-15(b) and 15d-15(b) of the Exchange Act. Based on this evaluation, our Chief Executive Officer and our Chief
Financial Officer concluded that, as of September 30, 2014, our disclosure controls and procedures were effective in providing
reasonable assurance (i) that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time periods specified in the rules and forms of the SEC and (ii) that such information
is accumulated and communicated to management in a manner that allows timely decisions regarding required disclosure.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Changes in Internal Control over Financial Reporting</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No changes in internal control over financial
reporting occurred during the quarter ended September 30, 2014 that have materially affected or are reasonably likely to materially
affect, our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_6"></A>PART II – OTHER INFORMATION</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><A NAME="a_7"></A>Item 1. Legal Proceedings.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information set forth under the heading
“Legal Proceedings” in Note 6, “Commitments and Contingencies,” to Notes to Consolidated Financial Statements
included in Item 1 of Part I of this Quarterly Report on Form 10-Q is incorporated herein by reference.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><A NAME="a_8"></A>Item 1A. Risk Factors.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the nine months ended September 30,
2014, there have been no material changes to the risk factors disclosed under Part I, Item 1A, “Risk Factors” in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2013, except as described below.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our investment advisor has not previously managed a BDC.</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our investment advisor has not previously
managed a BDC and the investment philosophy and techniques used by our investment advisor and its investment professionals to manage
us may differ from the investment philosophy and techniques employed by our previous investment advisor and its investment professionals.
In addition, the 1940 Act imposes numerous constraints on the operations of BDCs that do not apply to the other types of investment
vehicles managed by our investment advisor. For example, under the 1940 Act, BDCs are generally required to invest at least
70% of their total assets primarily in securities of qualifying U.S. private or small capitalization companies. The failure to
comply with these provisions in a timely manner could prevent us from qualifying as a BDC, which could be material. Our investment
advisor’s lack of experience in managing a portfolio of assets under these specific constraints may hinder our ability to
take advantage of attractive investment opportunities and, as a result, achieve our investment objectives. As a result, an
investment in shares of our common stock may entail more risk than the shares of common stock of a comparable company with an investment
advisor with more experience in managing a BDC.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>There are significant potential conflicts of interest
which could adversely impact our investment returns.</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I> </I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our executive officers and directors, and
certain investment professionals of our investment advisor, serve or may serve as officers, directors, principals or investment
professionals of entities that operate in the same or a related line of business as we do or of investment funds managed by our
affiliates. OHA and its affiliates also manage private investment funds, and may manage other funds in the future, that have investment
objectives or mandates that are similar, in whole and in part, to ours. Accordingly, such individuals and OHA may have obligations
to investors in those entities, the fulfillment of which might not be in the best interests of us or our stockholders. For example,
the principals of our investment advisor may face conflicts of interest in the allocation of investment opportunities to us and
such other funds.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">OHA has adopted an investment allocation
policy that governs the allocation of investment opportunities among the investment funds (including us) that are managed by OHA
and its affiliates. To the extent an investment opportunity is appropriate for us or any other investment fund managed by OHA or
its affiliates, OHA will adhere to its investment allocation policy in order to determine the allocation of such opportunity among
the various investment funds. Although OHA’s investment professionals will endeavor to allocate investment opportunities
in a fair and equitable manner, we and our stockholders could be adversely affected to the extent investment opportunities
are allocated among us and other investment vehicles managed or sponsored by, or affiliated with, investment professionals of OHA,
our executive officers and directors.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 1940 Act prohibits us from making certain
negotiated co-investments with certain affiliates unless we receive an order from the SEC permitting us to do so. Prior to receiving
any such exemptive order from the SEC, OHA will offer us the right to participate in all investment opportunities that it determines
are appropriate for us in view of our investment objectives, policies and strategies and other relevant factors. These offers will
be subject to the caveat that, in accordance with OHA’s investment allocation policy, we might not participate in each individual
opportunity, but will, on an overall basis, be entitled to participate equitably with other entities managed by OHA or its affiliates.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 15pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">OHA’s investment allocation policy
is also designed to manage and mitigate conflicts of interest associated with the allocation of investment opportunities if we
are able to co-invest, either pursuant to SEC interpretive positions or an exemptive order, with other funds managed by OHA or
its affiliates. Generally, under the investment allocation policy, if we are permitted to co-invest pursuant to an exemptive order,
co-investments would be allocated pursuant to the conditions of the exemptive order. If we are able to co-invest pursuant to SEC
interpretive positions, generally, under the investment allocation policy, a portion of each opportunity that is appropriate for
us and any affiliated fund will be offered to us and such other eligible accounts as determined by OHA and generally based on asset
class, fund size and liquidity, among other factors. OHA seeks to treat all clients fairly and equitably such that none receive
preferential treatment over the others over time, in a manner consistent with its fiduciary duty to each of them; however, in some
instances, especially in instances of limited liquidity, the factors may not result in allocations or may result in situations
where certain funds receive allocations where others do not.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, because we expect to make investments alongside
other investment funds, accounts and other investment vehicles managed by OHA prior to the receipt of any exemptive relief, but
consistent with existing regulatory guidance and OHA’s allocation procedures, we may subsequently be prohibited by the 1940
Act from re-negotiating the terms of such co-investments, including with respect to granting loan waivers or concessions or in
connection with a restructuring, reorganization or similar transaction involving the portfolio company, to the extent that other
investment funds, accounts or other investment vehicles managed by OHA continue to hold such investments at the time. As a
result, we may have to sell such investments at such time in order to avoid violating the 1940 Act or otherwise not participate
in the re-negotiation of the terms of such co-investments, which may result in investment losses or lost opportunities to generate
additional income, or may otherwise negatively impact us. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_9"></A>Item 2. Unregistered Sales of Equity Securities and Use
of Proceeds.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 30, 2014, we issued 117,234
shares of our common stock in a private placement for an aggregate purchase price of $1 million, or $8.53 per share, to an affiliate
of Oak Hill Advisors, L.P., our investment advisor, pursuant to a stock purchase and transaction agreement dated July 21, 2014,
by and among us, Oak Hill Advisors, L.P. and the affiliate. The price per share paid by the affiliate was the net asset
value per share established by our board of directors as of a date within 48 hours prior to the purchase, excluding the impact
of certain transaction and closing expenses.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_10"></A><B>Item 6. Exhibits.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">See “Index to Exhibits” following
the signature page for a description of the exhibits furnished as part of this Quarterly Report on Form 10-Q.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_11"></A>SIGNATURES</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2">OHA INVESTMENT CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 5%; text-indent: 18.15pt"> </TD>
<TD STYLE="width: 45%; text-indent: 18.15pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD>Date: November 7, 2014</TD>
<TD STYLE="text-indent: 0; text-align: left; padding-left: 0">By:</TD>
<TD STYLE="border-bottom: black 1pt solid; text-indent: 0">/s/ ROBERT W. LONG</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD STYLE="text-indent: 18.15pt"> </TD>
<TD STYLE="text-indent: 0">Robert W. Long</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD STYLE="text-indent: 18.15pt"> </TD>
<TD STYLE="text-indent: 0">President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD STYLE="text-indent: 18.15pt"> </TD>
<TD STYLE="text-indent: 18.15pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD>Date: November 7, 2014</TD>
<TD STYLE="text-indent: 0; padding-left: 0">By:</TD>
<TD STYLE="border-bottom: black 1pt solid; text-indent: 0">/s/ L. SCOTT BIAR</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD STYLE="text-indent: 18.15pt"> </TD>
<TD STYLE="text-indent: 0">L. Scott Biar</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD STYLE="text-indent: 18.15pt"> </TD>
<TD>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">Chief Financial Officer, Treasurer, Secretary</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">and Chief Compliance Officer</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Index to Exhibits</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 11%; border-bottom: Black 1pt solid"><B>Exhibit No.</B></TD>
<TD STYLE="width: 1%; text-indent: 9pt"> </TD>
<TD STYLE="width: 88%; border-bottom: Black 1pt solid; text-align: center"><B> Exhibit</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD>10.1</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Investment Advisory Agreement, dated September 30, 2014, between OHA Investment Corporation and Oak Hill Advisors, L.P. (filed as Exhibit 10.1 to our Current Report on Form 8-K filed on October 2, 2014 and incorporated herein by reference) </TD></TR>
<TR STYLE="vertical-align: top">
<TD>10.2</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Administration Agreement, dated September 30, 2014, between OHA Investment Corporation and Oak Hill Advisors, L.P. (filed as Exhibit 10.2 to our Current Report on Form 8-K filed on October 2, 2014 and incorporated herein by reference)</TD></TR>
<TR STYLE="vertical-align: top">
<TD>10.3*</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Form of Indemnity Agreement between the Registrant and the directors and officers of the Registrant</TD></TR>
<TR STYLE="vertical-align: top">
<TD>10.4*</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>First Amendment to the Third Amended and Restated Revolving Credit Agreement effective as of May 23, 2013, between the
Company, the lenders from time to time party thereto and SunTrust Bank, as administrative agent</TD></TR>
<TR STYLE="vertical-align: top">
<TD>10.5*</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Consent, Waiver and Fifth Amendment to the Treasury Secured Revolving Credit Agreement effective as of September 24,
2014, between the Company, the lenders from time to time party thereto and SunTrust Bank, as administrative
agent</TD></TR>
<TR STYLE="vertical-align: top">
<TD>31.1*</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Certification required by Rule 13a-14(a)/15d-14(a) by the Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
<TD>31.2*</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Certification required by Rule 13a-14(a)/15d-14(a) by the Chief Financial Officer</TD></TR>
<TR STYLE="vertical-align: top">
<TD>32.1**</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Section 1350 Certification by the Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
<TD>32.2**</TD>
<TD STYLE="text-indent: 9pt"> </TD>
<TD>Section 1350 Certification by the Chief Financial Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*Filed herewith.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">**Furnished herewith.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>v393222_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="margin: 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3 </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>INDEMNITY AGREEMENT</U></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Agreement effective
as of the [ ] day of [ ],
2014, by and between OHA Investment Corporation, a Maryland corporation (the “<U>Company</U>”), and [ ]
(“<U>Indemnitee</U>”), who is currently serving the Company in the capacity of [ ].</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WITNESSETH:</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, the Company
and Indemnitee recognize that the interpretation of ambiguous statutes, regulations, and court opinions and of the Certificate
of Incorporation and Bylaws of the Company, and the vagaries of public policy, are too uncertain to provide the directors and officers
of the Company with adequate or reliable advance knowledge or guidance with respect to the legal risks and potential liabilities
to which they may become personally exposed as a result of performing their duties in good faith for the Company; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, the Company
and the Indemnitee are aware that highly experienced and capable persons are often reluctant to serve as directors or officers
of a corporation unless they are protected to the fullest extent permitted by law by comprehensive insurance or indemnification,
especially since the legal risks and potential liabilities, and the threat of such risks and liabilities, associated with lawsuits
filed against the officers and directors of a corporation, and the resultant substantial time, expense, harassment, ridicule, abuse,
and anxiety spent and endured in defending against such lawsuits, whether or not meritorious, bear no reasonable or logical relationship
to the amount of compensation received by the directors or officers from the corporation; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, Section 2-418
of the Maryland General Corporation Law and the Certificate of Incorporation of’ the Company, which set forth certain provisions
relating to the mandatory and permissive indemnification of, and advancement of expenses to, officers and directors (among others)
of a Maryland corporation by such corporation, is specifically not exclusive of other rights to which those indemnified thereunder
may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors, or otherwise, and, thus, does not
by itself limit the extent to which the Company may indemnify persons serving as its officers and directors; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, after due consideration
and investigation of the terms and provisions of this Agreement and the various other options available to the Company and the
Indemnitee in lieu thereof, the board of directors of the Company has determined that the following Agreement is not only reasonable
and prudent but necessary to promote and ensure the best interests of the Company and its stockholders; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">WHEREAS, the Company
desires to have Indemnitee serve or continue to serve as [ ]
of the Company, free from undue concern for unpredictable, inappropriate, or unreasonable legal risks and personal liabilities
by reason of his acting in good faith in the performance of his duties to the Company; and Indemnitee desires to serve, or to continue
to serve (provided that he is furnished the indemnity provided for hereinafter), in such capacity.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">NOW, THEREFORE, in consideration
of the premises and the mutual agreements herein set forth and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and Indemnitee, intending to be legally bound, do hereby agree as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.	<U>Agreement to
Serve.</U> Indemnitee agrees to serve or continue to serve as an [employee, director, and/or officer] of the Company, and as Indemnitee
and the Company may agree, as a director, officer, employee or agent of another Enterprise, for so long as he is duly elected or
appointed and qualified in accordance with the provisions of the Maryland General Corporation Law and the Articles of Incorporation
and Bylaws of the Company or until such time as he tenders his resignation. The Company acknowledges that the Indemnitee is relying
on this Agreement in so serving.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.	<U>Definitions.</U>
As used in this Agreement:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)	 “<U>Act</U>”
means the Investment Company Act of 1940, as amended.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)	“<U>Change
in Control</U>” means a change in control of the Company of a nature that would be required to be reported in response to
Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under
the Exchange, whether or not the Company is then subject to such reporting requirement; <U>provided</U>, <U>however</U>, that,
without limitation, such a Change in Control shall be deemed to have occurred if (i) any “<U>person</U>” (as such
term is used in Sections 13(d) and 14(d) of the Exchange Act) other than a trustee or other fiduciary holding securities under
an employee benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially
the same proportions as their ownership of stock of the Company is or becomes the “<U>beneficial owner</U>” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 15% or more of the combined
voting power of the Company’s then outstanding securities without the prior approval of at least two-thirds of the members
of the board of directors of the Company in office immediately prior to such person attaining such percentage interest; (ii) there
occurs a proxy contest, or the Company is a party to a merger, consolidation, sale of assets, plan of liquidation or other reorganization
not approved by at least two-thirds of the members of the board of directors of the Company then in office, as a consequence of
which members of the board of directors in office immediately prior to such transaction or event constitute less than a majority
of the board of directors thereafter; (iii) the Company terminates the engagement of the Incumbent Advisor; or (iv) during
any period of two consecutive years, other than as a result of an event described in clause (ii) of this subsection (b), individuals
who at the beginning of such period constituted the board of directors of the Company (including for this purpose any new director
whose election or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of
the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at least
a majority of the board of directors.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)	“<U>Disabling
Conduct</U>” means Indemnitee’s willful misfeasance, bad faith, or gross negligence in the performance of his duties
or reckless disregard of his obligations and duties involved in the conduct of his office.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)	“<U>Disinterested
Director</U>” means a director of the Company who is neither an “interested person” of the Company as defined
in Section 2(a)(l9) of the Act nor a party to the Proceeding in respect of which indemnification is sought by Indemnitee.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(e)	“<U>Enterprise</U>”
means any corporation, partnership, limited liability company, association, joint venture, trust, employee benefit plan, or other
entity.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(f)	“<U>Exchange
Act</U>” means the Securities Exchange Act of 1934, as amended.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(g)	“<U>Expenses</U>”
means all expenses, including, without limitation, all reasonable attorneys’ fees, retainers, court costs, transcript costs,
fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery
service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, or being or preparing to be a witness in, or otherwise involved in, a Proceeding.
Should any payments by the Company under this Agreement be determined to be subject to any federal, state, or local income or excise
tax, “Expenses” shall also include such amounts as are necessary to place Indemnitee in the same after-tax position,
after giving effect to all applicable taxes, Indemnitee would have been in had such tax not have been determined to apply to those
payments. In addition, “Expenses” shall also include Expenses incurred in connection with any appeal resulting from
any Proceeding, including, without limitation, the premium, security for, and other costs relating to any cost bond, supersede
as bond, or other appeal bond or its equivalent.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(h)	“<U>Incumbent
Advisor</U>” means the investment advisor, which as of September 29, 2014, is a party to an Investment Advisory Agreement
with the Company and any affiliate of such advisor.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)	“<U>Independent
Counsel</U>” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either
such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any Person who, under the applicable
standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee
in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses
of the Independent Counsel referred to above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(j)	“<U>Liabilities</U>”
means all liabilities, including, without limitation, the amounts of any judgments, fines, penalties, excise taxes, and amounts
paid in settlement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(k)	“<U>Person</U>”
means any person or entity of any nature whatsoever, specifically including an individual, a firm, a company, a corporation, a
partnership, a trust, or other entity. A Person, together with that Person’s affiliates and associates (as those terms are
defined in Rule 12b-2 under the Exchange Act), and any Persons acting as a partnership, limited partnership, joint venture, association,
syndicate, or other group (whether or not formally organized), or otherwise acting jointly or in concert or in a coordinated or
consciously parallel manner (whether or not pursuant to any express agreement), for the purpose of acquiring, holding, voting,
or disposing of securities of the Company with such Person, shall be deemed a single “Person.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(l)	“<U>Potential
Change in Control</U>” means if (i) the Company enters into an agreement, the consummation of which would result in
the occurrence of a Change in Control; (ii) any Person, including the Company, publicly announces an intention to take or
to consider taking actions that, if consummated, would constitute a Change in Control; or (iii) the Board of Directors of
the Company adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(m)	“<U>Proceeding</U>”
means any threatened, pending, or completed claim, action (including any action by or in the right of the Company), suit, or proceeding,
whether formal or informal, civil, criminal, administrative, legislative, arbitrative, or investigative, any appeal in such a claim,
action, suit, or proceeding, and any inquiry or investigation that could lead to such a claim, action, suit, or proceeding irrespective
of the initiator thereof. The final disposition of a Proceeding shall be as determined by a settlement or the judgment of a court
or other investigative or administrative body. The Board of Directors shall not make a determination as to the final disposition
of a Proceeding.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(n)	“<U>Serving
at the request of the Company</U>” means any Person serving at the request of the Company as a director, officer, employee,
agent, fiduciary, or other representative of another Enterprise including any service as a director, officer, employee, or agent
of the Company that imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee
benefit plan, its participants, or beneficiaries; and a Person who acts in good faith and in a manner he reasonably believed to
be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner
“not opposed to the best interests of the Company” as referred to in this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.	<U>Indemnity in
Third Party Proceedings.</U> The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee
is a party to or is threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or
in the right of the Company to procure a judgment in its favor) by reason of the fact that Indemnitee is or was an employee, director,
and/or officer of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent, fiduciary,
or other representative of another Enterprise, against all Expenses and Liabilities actually and reasonably incurred by Indemnitee
(or on his behalf) in connection with such Proceeding or any claim, issue, or matter therein, unless it is determined pursuant
to Section 8 of this Agreement or by the court having jurisdiction in the matter, that (a) the act or omission of Indemnitee
was material in the matter giving rise to the Proceeding and (i) was committed in bad faith or (ii) was the result of
active and deliberate dishonesty, (b) Indemnitee actually received an improper personal benefit in money, property, or services,
(c) with respect to any criminal Proceeding, Indemnitee had reasonable cause to believe his conduct was unlawful, or (d) the
Expense or Liability arose by reason of Indemnitee’s Disabling Conduct. The termination of any Proceeding or of any claim,
issue, or matter therein, by judgment, order, or settlement, shall not, of itself, adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee acted in a manner contrary to that specified above. Indemnitee shall have
the right to employ Indemnitee’s own legal counsel in any Proceeding for which indemnification is available under this Section
3.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.	<U>Indemnity in
Proceedings By or In the Right of the Company. </U>The Company shall indemnify Indemnitee in accordance with the provisions of
this Section 4 if Indemnitee is a party to or is threatened to be made a party to or otherwise involved in any Proceeding by or
in the right of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was an employee, director,
and/or officer of the Company, or is or was serving, at the request of the Company, as a director, officer, employee, agent, fiduciary,
or other representative of another Enterprise, against all Expenses actually and reasonably incurred by Indemnitee (or on his
behalf) in connection with such Proceeding unless it is determined that (a) the act or omission of Indemnitee was material
in the matter giving rise to the Proceeding and (i) was committed in bad faith or (ii) was the result of active and
deliberate dishonesty, (b) Indemnitee actually received an improper personal benefit in money, property or services, or (c) the
Expense arose by reason of Indemnitee’s Disabling Conduct, except that no indemnification shall be made under this Section
4 in respect of any claim, issue, or matter as to which Indemnitee shall have been adjudged to be liable to the Company unless
and only to the extent that the Maryland court of competent jurisdiction in which such Proceeding was brought or is pending, shall
determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee
is fairly and reasonably entitled to indemnity as the Maryland court of competent jurisdiction in which such Proceeding was brought
or such other court shall deem proper. Indemnitee shall have the right to employ Indemnitee’s own legal counsel in any Proceeding
for which indemnification is available under this Section 4.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.	<U>Indemnification
for Expenses of a Witness.</U> Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of the fact that Indemnitee is or was an employee, director, and/or officer of the Company, or is or was serving at the request
of the Company as a director, officer, employee, agent, fiduciary, or other representative of another Enterprise, a witness in
any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses actually and reasonably incurred
by Indemnitee (or on his behalf) in connection therewith.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">6.	<U>Indemnification
for Expenses of Successful Party.</U> Notwithstanding any other provision of this Agreement to the contrary, to the extent that
Indemnitee has been successful on the merits or otherwise in defense of any Proceeding referred to in Sections 3 and/or 4 of this
Agreement, or in defense of any claim, issue, or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified
against all Expenses actually and reasonably incurred by Indemnitee (or on his behalf) in connection therewith. If Indemnitee
is not wholly successful in any Proceeding referred to in Sections 3 and/or 4 of this Agreement, but is successful on the merits
or otherwise (including dismissal without prejudice) as to one or more, but less than all claims, issues, or matters therein,
including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by
Indemnitee (or on his behalf) in connection with each successfully resolved claim, issue or matter. For purposes of this Section
6, and without limitation, the termination of any claim, issue, or matter in any Proceeding referred to in Sections 3 and/or 4
of this Agreement by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue,
or matter. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.	<U>Advances of
Expenses.</U> To the fullest extent permitted by applicable law, the Expenses incurred by Indemnitee pursuant to Sections 3 and/or
4 of this Agreement in connection with any Proceeding or any claim, issue or matter therein shall be paid by the Company in advance
of the final disposition of such Proceeding or any claim, issue, or matter therein no later than 10 days after receipt by the Company
of a written affirmation by Indemnitee of Indemnitee’s good faith belief that the standard of conduct necessary for indemnification
by the Company as authorized by law and by this Agreement has been met and an undertaking by or on behalf of Indemnitee (“Indemnitee
Undertaking”) to repay such amount to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified
by the Company. The Indemnitee Undertaking, which shall not be secured and shall be interest free, shall be substantially on the
form of Exhibit A to this Agreement. For so long as the Company is subject to the Act, any advancement of Expenses shall be subject
to at least one of the following as a condition of the advancement: (a) Indemnitee shall provide a security for his undertaking,
(b) the Company shall be insured against losses arising by reason of any lawful advances or (c) a majority of a quorum
of Disinterested Directors of the Company, or Independent Counsel in a written opinion, shall determine, based on a review of readily
available facts (as opposed to a trial-type inquiry), that there is reason to believe Indemnitee ultimately will be found entitled
to indemnification. Any judgments, lines, or amounts to be paid in settlement of any Proceeding shall also be advanced by the Company
upon request by Indemnitee. If the Company advances or pays any amount to Indemnitee under Section 3, 4, 5, 6, or 7 and if Indemnitee
shall thereafter receive all or a portion of such amount under one or more policies of directors and officers liability insurance
maintained by the Company or pursuant to a trust fund, letter of credit, or other security or funding arrangement provided by the
Company, Indemnitee shall promptly repay such amount or such portion thereof, as the case may be, to the Company.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.	<U>Procedure for
Determination of Entitlement to Indemnification.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)	To obtain indemnification
under this Agreement, Indemnitee shall submit to the Company a written request.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)	Upon written
request by Indemnitee for indemnification pursuant to Section 8(a) hereof, a reasonable determination, based upon a review of the
facts, with respect to Indemnitee’s entitlement to indemnification under Section 3, 4, 5, or 6 hereof shall be made in the
specific case: (i) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the board of
directors of the Company, a copy of which shall be delivered to Indemnitee; or (ii) if a Change in Control shall not have
occurred, (A) by a majority vote of a quorum of the Disinterested Directors, or (B) if a quorum of Disinterested Directors
cannot be obtained or, even if obtainable, if the Disinterested Directors so direct, by Independent Counsel in a written opinion
to the board of directors of the Company, a copy of which shall be delivered to Indemnitee; and, if it is so determined that Indemnitee
is entitled to indemnification, payment to Indemnitee shall be made within 10 days after such determination. Any costs or expenses
(including attorneys’ fees and disbursements) incurred by Indemnitee in cooperating with the Person or Persons making the
determination discussed in this Section 8(b) with respect to Indemnitee’s entitlement to indemnification, shall be borne
by the Company (respective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby
indemnifies and agrees to hold Indemnitee harmless therefrom.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)	In the event
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof, the Independent
Counsel shall be selected as provided in this Section 8(c). If a Change in Control shall not have occurred, the Independent Counsel
shall be selected by the board of directors of the Company, and the Company shall give written notice to Indemnitee advising him
of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel shall
be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the board of directors of the Company,
in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the
identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within 10
days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be,
a written objection to such selection; <U>provided</U>, <U>however</U>, that such objection may be asserted only on the ground
that the Independent Counsel so selected does not meet the requirements of “<U>Independent Counsel</U>” as defined
in this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and
timely objection, the Person so selected shall act as Independent Counsel. If such written objection is so made and substantiated,
the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court
has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a written request for
indemnification pursuant to Section 8(b) hereof, no Independent Counsel shall have been selected and not objected to, either the
Company or Indemnitee may petition the Maryland court of competent jurisdiction for resolution of any objection which shall have
been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent
Counsel of a Person selected by the Court or by such other Person as the Court shall designate, and the person with respect to
whom all objections are so resolved or the Person so appointed shall act as Independent Counsel under Section 8(a) hereof.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)	Indemnitee will
be deemed a party to a Proceeding for all purposes hereof if Indemnitee is named as a defendant or respondent in a complaint or
petition for relief in that Proceeding, regardless of whether Indemnitee is ever served with process or makes an appearance in
that Proceeding.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">9.	<U>Presumptions
and Effect of Certain Provisions.</U> (a)	In making a determination with respect to entitlement to indemnification hereunder,
the Person or Persons making such determination shall presume, in the absence of a final decision on the merits by a court or other
body before whom a Proceeding was brought, that the Indemnitee has not met the applicable standard of conduct or is not entitled
to indemnification under this Agreement, if Indemnitee has submitted a request for indemnification in accordance with Section 8(a)
of this Agreement, and the Company shall have the burden of proof in overcoming such presumption by clear and convincing evidence.
Neither the failure of the Company (including the board of directors or independent legal counsel) to have made a determination
prior to the commencement of such action pursuant to this Agreement that indemnification is proper in the circumstances because
Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including its board of directors
or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action
or create a presumption that Indemnitee has not met the applicable standard of conduct.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)	If the Person
or Persons empowered or selected under Section 8 of this Agreement to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within 30 days after receipt by the Company therefor, the requisite determination of entitlement
to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification
under applicable law; <U>provided</U>, <U>however</U>, that such 30-day period may be extended for a reasonable time, not to exceed
an additional 15 days, if the Person or Persons making the determination with respect to entitlement to indemnification in good
faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)	For purposes
of any determination of whether (i) the act or omission of Indemnitee was material in the matter giving rise to the Proceeding
and (A) was committed in bad faith or (B) was the result of active and deliberate dishonesty, (ii) Indemnitee actually
received an improper personal benefit in money, property, or services, or (iii) with respect to any criminal Proceeding, Indemnitee
had reasonable cause to believe his conduct was unlawful (collectively, “<U>Good Faith</U>”), Indemnitee shall be deemed
to have acted in Good Faith if Indemnitee’s action is based on the records or books of account of the Company or another
Enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent, fiduciary,
or other representative, information, opinions, reports, or statements, including financial statements and other financial information,
concerning the Enterprise or any other Person that were prepared or supplied to Indemnitee by: (i) one or more officers or
employees of the Enterprise; (ii) appraisers, engineers, investment bankers, legal counsel, or other Persons as to matters
Indemnitee reasonably believed were within the professional or expert competence of those Persons; and (iii) any committee
of the Board of Directors or equivalent managing body of the Enterprise of which Indemnitee is or was, at the relevant time, not
a member. The provisions of this Section 9(c) shall not be deemed to be exclusive or to limit in any way the other circumstances
in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)	The knowledge
and/or actions, or failure to act, of any director, officer, agent, or employee of the Enterprise shall not be imputed to Indemnitee
for purposes of determining the right to indemnification under this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">10.	<U>Establishment
of a Trust.</U> In the event of a Potential Change in Control or a Change in Control, the Company shall, upon written request by
Indemnitee, create a trust for the benefit of Indemnitee (the “Trust”) and from time to time upon written request of
Indemnitee shall fund the Trust in an amount equal to all Expenses and Liabilities reasonably anticipated at the time to be incurred
in connection with any Proceeding. The amount to be deposited in the Trust pursuant to the foregoing funding obligation shall be
determined by the party determining the Indemnitee’s entitlement to indemnification pursuant to Section 8. The terms of the
Trust shall provide that, upon a Change in Control, (a) the Trust shall not be revoked or the principal thereof invaded, without
the written consent of Indemnitee; (b) the trustee of the Trust shall advance, within 10 days of a request by Indemnitee,
any and all Expenses to Indemnitee (and Indemnitee hereby agrees to reimburse the Trust under the circumstances in which Indemnitee
would be required to reimburse the Company for Expenses under this Agreement); (c) the Trust shall continue to be funded by
the Company in accordance with the funding obligation set forth above; (d) the trustee of the Trust shall promptly pay to
Indemnitee all amounts for which Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise; and (e) all
unexpended funds in that Trust shall revert to the Company upon a final determination by the party determining the Indemnitee’s
entitlement to indemnification pursuant to Section 8 or a court of competent jurisdiction, as the case may be, that Indemnitee
has been fully indemnified under the terms of this Agreement. The trustee of the Trust shall be chosen by Indemnitee. Nothing in
this Section 10 shall relieve the Company of any of its obligations under this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">11.	<U>Remedies of
Indemnitee.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)	In the event
that (i) a determination is made pursuant to Section 8(b) of this Agreement that Indemnitee is not entitled to indemnification
under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 7 of this Agreement, (iii) no
determination of entitlement to indemnification shall have been made pursuant to Section 8(b) of this Agreement within the time
period provided in Section 9(b) after receipt by the Company of the request for indemnification, (iv) payment of indemnification
is not made pursuant to Section 5, Section 6, or the last sentence of Section 8(b) of this Agreement within 10 days after receipt
by the Company of a written request therefor, or (v) payment of indemnification pursuant to Section 3 or Section 4 of this
Agreement is not made within 10 days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee
shall be entitled to an adjudication by the Maryland court of competent jurisdiction of his entitlement to such indemnification
or advancement of Expenses and appeals therefrom, concluding in a final and unappealable judgment. The Company shall not oppose
Indemnitee’s right to seek any such adjudication.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)	In the event
that a determination shall have been made pursuant to Section 8(b) of this Agreement that Indemnitee is not entitled to indemnification,
any judicial proceeding commenced pursuant to this Section 11 shall be conducted in all respects as a de novo trial on the
merits and Indemnitee shall not be prejudiced by reason of that adverse determination.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)	If a determination
shall have been made pursuant to Section 8(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall
be bound by such determination in any judicial proceeding commenced pursuant to this Section 11, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable
law.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)	In the event
that Indemnitee, pursuant to this Section 11, seeks a judicial adjudication of his rights under, or to recover damages for breach
of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall he indemnified by the Company against,
any and all expenses (of the types described in the definition of Expenses in Section 2(d) of this Agreement) actually and reasonably
incurred by him in such judicial adjudication, but only if (and only to the extent) he prevails therein. If it shall be determined
in said judicial adjudication that Indemnitee is entitled to receive part but not all of the indemnification or advancement of
Expenses sought, the expenses incurred by Indemnitee in connection with such judicial adjudication shall be appropriately prorated.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(e)	The Company
shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 11 that the procedures and presumptions
of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all
the provisions of this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">12.	<U>Indemnification
and Advancement of Expenses Under this Agreement Not Exclusive; Survival of Rights.</U> The rights of indemnification and to receive
advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may
be entitled under the Certificate of Incorporation or Bylaws of the Company, any other agreement, any vote of stockholders or Disinterested
Directors, the Maryland General Corporation Law, or otherwise. No amendment, alteration, or repeal of this Agreement or of any
provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted
by such Indemnitee prior to such amendment, alteration or repeal. To the extent that a change in the Maryland General Corporation
Law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded
currently under the Certificate of Incorporation of the Company and this Agreement, it is the intent of the parties hereto that
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change, No right or remedy herein conferred is
intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment
of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or
remedy.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">13.	<U>Partial Indemnification.</U>
If Indemnitee is entitled under any provision of this Agreement to indemnification or to receive advancement by the Company for
a portion of the Expenses or Liabilities actually and reasonably incurred by Indemnitee (or on his behalf) in connection with such
Proceeding, or any claim, issue, or matter therein, but not, however, for the total amount thereof, the Company shall nevertheless
indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">14.	<U>Rights Continued</U>.
The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall continue as to Indemnitee
even though Indemnitee may have ceased to be a director or officer of the Company and shall inure to the benefit of Indemnitee’s
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">15.	<U>No Construction
as an Employment Agreement or Any Other Commitment.</U> Nothing contained in this Agreement shall be construed as giving Indemnitee
any right to be retained as an employee or as an officer of the Company or any of its subsidiaries, if Indemnitee currently serves
as an officer of the Company, or to be renominated or reelected as a director of the Company, if Indemnitee currently serves as
a director of the Company.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">16. <U>Liability
Insurance.</U> To the extent the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
employees, or agents of the Company or of another Enterprise that such Person serves at the request of the Company, Indemnitee
shall be covered by such policy or policies in accordance with its or their terms, to the maximum extent of the coverage available
for any director, officer, employee, or agent under such policy or policies.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">17.	<U>No Duplication of Payments.</U> The
Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable under this Agreement if,
and to the extent that, Indemnitee has otherwise actually received such payment under any contract, agreement, or insurance policy,
the Certificate of Incorporation or Bylaws of the Company, or otherwise.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">18.	<U>Subrogation.</U>
In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all the rights of
recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights,
including, without limitation, the execution of such documents as may be necessary to enable the Company effectively to bring suit
to enforce such rights.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">19.	<U>Exceptions.</U>
Notwithstanding any other provision in this Agreement, but except as provided in Section 11(d), the Company shall not be obligated
pursuant to the terms of this Agreement, to indemnify or advance Expenses to Indemnitee with respect to any Proceeding, or any
claim, issue, or matter therein, (i) brought or made by Indemnitee, unless the bringing of such Proceeding or the making of
such claim, issue, or matter shall have been approved by the Board of Directors of the Company, or (ii) in which final judgment
is rendered against Indemnitee for an accounting of profits made from the purchase and sale or the sale and purchase by Indemnitee
of securities of the Company pursuant to the provisions of Section 17(b) of the Exchange Act, or similar provisions of any federal,
state, or local statute.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">20.	<U>Notices.</U>
Any notice or other communication required or permitted to be given or made to the Company or Indemnitee pursuant to this Agreement
shall be given if made in writing and deposited in the United States mail, with postage thereon prepaid, addressed to the Person
to whom such notice or communication is directed at the address of such Person on the records of the Company, and such notice or
communication shall be deemed given or made at the time when the same shall be so deposited in the United States mail. Any such
notice or communication to the Company shall be addressed to the Secretary of the Company. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">21.	<U>Contractual
Rights.</U> The right to be indemnified or to receive advancement of Expenses under this Agreement (i) is a contract right
based upon good and valuable consideration, pursuant to which Indemnitee may sue, (ii) is and is intended to be retroactive
and shall be available as to events occurring prior to the date of this Agreement, and (iii) shall continue after any rescission
or restrictive modification of this Agreement as to events occurring prior thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">22.	<U>Severability.</U>
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby; to
the fullest extent possible, the provisions of this Agreement shall be construed so as to give effect to the intent manifested
by the provisions held invalid, illegal or unenforceable; and those provision or provisions held to be invalid, illegal or unenforceable
for any reason whatsoever shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum
effect to the intent of the parties hereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">23.	<U>Successors;
Binding Agreement.</U> The Company shall require and cause any successor (whether direct or indirect, by purchase, merger, consolidation
or otherwise to all or substantially all of the business or assets of the Company, by written agreement in form and substance reasonably
satisfactory to Indemnitee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform if no such succession had taken place. As used in this Agreement, “Company”
shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid that executes and delivers
the agreement provided for in this Section 23 or that otherwise becomes bound by the terms and provisions of this Agreement by
operation of law. This Agreement shall be binding upon the Company and its successors and assigns (including, without limitation,
any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business or
assets of the Company) and will inure to the benefit of Indemnitee (and Indemnitee’s spouse, if Indemnitee resides in Texas
or another community property state), heirs, executors, and administrators.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">24.	<U>Counterparts,
Modification, Headings, Gender.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)	This Agreement
may be executed in counterparts, each of which shall constitute one and the same instrument, and either party hereto may execute
this Agreement by signing any such counterpart.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)	No provisions
of this Agreement may be modified, waived, or discharged unless such waiver, modification, or discharge is agreed to in writing
and signed by Indemnitee and an appropriate officer of the Company. No waiver by any party at any time of any breach by any other
party of, or compliance with, any condition or provision of this Agreement to be performed by any other party shall be deemed a
waiver of similar or dissimilar provisions or conditions at the same time or at any prior or subsequent time.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)	Section headings
are not to be considered part of this Agreement, are solely for convenience of reference, and shall not affect the meaning or interpretation
of this Agreement or any provision set forth herein.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)	Pronouns in
masculine, feminine, and neuter genders shall be construed to include any other gender, and words in the singular form shall be
construed to include the plural and vice versa, unless the context otherwise requires.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">25.	<U>Exclusive Jurisdiction;
Governing Law.</U> The Company and Indemnitee agree that all disputes in any way relating to or arising under this Agreement, including,
without limitation, any action for advancement of Expenses or indemnification, shall be litigated, if at all, exclusively in the
Maryland courts, and if necessary, the corresponding appellate courts. This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of Maryland applicable to contracts made and to be performed in such state without giving
effect to the principles of conflicts of laws. The Company and Indemnitee (i) expressly submit themselves to the personal
jurisdiction of the Maryland courts for purposes of any action or proceeding arising out of or in connection with this Agreement,
(ii) irrevocably appoint, to the extent such party is not a resident of the State of Maryland, The Corporation Trust Incorporated
as its agent in the State of Maryland as such party’s agent for acceptance of legal process in connection with any such action
or proceeding against such party with the same legal force and validity as if served upon such party personally within the State
of Maryland, (iii) waive any objection to the laying of venue of any such action or proceeding in the Maryland court of competent
jurisdiction, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the
Maryland court of competent jurisdiction has been brought in an improper or otherwise inconvenient forum.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">26.	<U>Duration of
Agreement.</U> This Agreement shall continue until and terminate upon the later of: (a) 10 years after the date that Indemnitee
shall have ceased to serve as a director and/or officer of the Company or director, officer, employee or agent of any Enterprise
which Indemnitee served at the request of the Company; or (b) one year after the final, nonappealable termination of any Proceeding
then pending in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any
proceeding commenced by Indemnitee pursuant to Section 11 of this Agreement relating thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">27.	<U>Contribution.</U>
If it is established, under Section 8 or otherwise, that Indemnitee has the right to be indemnified under this Agreement in respect
of any claim, but that right is unenforceable by reason of applicable law or public policy, then, to the fullest extent applicable
law permits, the Company, in lieu of indemnifying or causing the indemnification of Indemnitee under this Agreement and to the
extent permitted under Section 17(h) of the Act, will contribute to the amount Indemnitee has incurred, whether for Liabilities
or for Expenses reasonably incurred, in connection with that Proceeding, in such proportion as is deemed fair and reasonable in
light of all the circumstances of that Proceeding in order to reflect:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)	the relative
benefits Indemnitee and the Company have received as a result of the event(s) or transactions(s) giving rise to that Proceeding;
or</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)	the relative
fault of Indemnitee and of the Company and its other functionaries in connection with those event(s) or transaction(s).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">28.	<U>Investment
Company Act of 1940.</U> Notwithstanding anything to the contrary in this Agreement, for so long as the Company is subject to the
Act, the Company shall not indemnify or advance Expenses to Indemnitee to the extent such indemnification or advance would violate
the Act.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">IN WITNESS WHEREOF, the
Company and Indemnitee have executed this Agreement as of the date and year first above written.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">OHA INVESTMENT CORPORATION</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.3in; text-indent: -0.3in">By:	<U> </U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-indent: 0in">Name:<BR>
Title:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-indent: 0in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-indent: 0in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in; text-indent: 0in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">INDEMNITEE</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.3in; text-indent: -0.3in"><U> </U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">Name:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT A</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEMNITEE’S UNDERTAKING</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_______________, 20__</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">OHA Investment Corporation<BR>
[<I>Address</I>]<BR>
<BR>
</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Re: <U>Indemnity Agreement</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Reference is made to
the Indemnity Agreement dated as of ____________ __, 20__, by and between OHA Investment Corporation and the undersigned Indemnitee
(the “<U>Agreement</U>”), and particularly to Section 7 thereof relating to advance payment by the Company of certain
Expenses incurred by the undersigned Indemnitee. Capitalized terms used and not otherwise defined in this Indemnitee’s Undertaking
shall have the respective meanings given to such terms in the Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The types and amounts
of Expenses incurred by or on behalf of the undersigned Indemnitee are itemized on Attachment I to this Indemnitee’s Undertaking.
The undersigned Indemnitee hereby requests that the total amount of these Expenses (the “<U>Advanced Amount</U>”) be
paid by the Company in advance of the final disposition of such Proceeding in accordance with the Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The undersigned Indemnitee
hereby affirms that at all times, insofar as the Indemnitee was involved as a/an director, officer, employee of the Company, in
any of the facts or events giving rise to the Proceeding, the undersigned (1) acted in good faith and honestly, (2) did
not receive any improper personal benefit in money, property or services, (3) in the case of any criminal Proceeding, had
no reasonable cause to believe that any act or omission was unlawful, and (4) was not liable by reason of Disabling Conduct.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The undersigned Indemnitee
hereby agrees to repay the Advanced Amount to the Company to the extent that it is ultimately determined pursuant to Section 8,
or, in the event the Indemnitee elects to pursue other remedies pursuant to Section 11, that the undersigned Indemnitee is not
entitled to be indemnified therefor by the Company.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">Very truly yours,</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"><U> </U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">Signature</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"><U> </U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">Name of Indemnitee (Type or Print)</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ATTACHMENT T TO</B><BR>
<B>INDEMNITEE’S UNDERTAKING</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ITEMIZATION OF<BR>
<U>TYPES AND AMOUNTS OF EXPENSES</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Attached hereto are receipts, statements or
invoices for the following qualifying Expenses which Indemnitee represents have been incurred by Indemnitee in connection with
a Proceeding:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 6%; text-align: left; font-weight: bold"> </TD>
<TD STYLE="width: 50%; text-align: left; font-weight: bold; text-decoration: underline"><U>Type</U></TD>
<TD STYLE="width: 2%; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="width: 42%; text-align: center; font-weight: bold; text-decoration: underline"><U>Amount</U></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">1.</TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD COLSPAN="2" STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">Total Advanced Amount</TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD>
<TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"> </TD></TR>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>3
<FILENAME>v393222_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="margin: 0"> </P>
<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0"><B>Exhibit 10.4</B></P>
<P STYLE="margin: 0"> </P>
<P STYLE="margin: 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>FIRST AMENDMENT TO THIRD</U></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AMENDED AND RESTATED REVOLVING CREDIT
AGREEMENT</U></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS FIRST AMENDMENT
TO THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT </B>(this “<B><I>Agreement</I></B>”), is made and entered
into as of September 29, 2014, by and NGP CAPITAL RESOURCES COMPANY, a Maryland corporation (the “<B><I>Borrower</I></B>”),
the several banks and other financial institutions from time to time party hereto (collectively, the “<B><I>Lenders</I></B>”)
and SUNTRUST BANK, in its capacity as Administrative Agent for the Lenders (the “<B><I>Administrative Agent</I></B>”).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>W</U></B></FONT><B> <U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U>:</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower,
the Lenders and the Administrative Agent are parties to a certain Third Amended and Restated Revolving Credit Agreement, dated
as of May 23, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “<B><I>Credit Agreement</I></B>”;
capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement),
pursuant to which the Lenders have made certain financial accommodations available to the Borrower;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower
has requested that the Required Lenders and the Administrative Agent amend certain provisions of the Credit Agreement, and subject
to the terms and conditions hereof, the Required Lenders are willing to do so;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, for
good and valuable consideration, the sufficiency and receipt of all of which are acknowledged, the Borrower, the Required Lenders
and the Administrative Agent agree as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.	</FONT><B><U>Amendments</U></B>.
The amendments set forth in this Section 1 are referred to herein as the “<B><I>Amendments</I></B>”.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)	The third recital
of the Credit Agreement is hereby amended and restated in its entirety as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>WHEREAS,
</B></FONT>the Borrower has entered into that certain Treasury Secured Revolving Credit Agreement dated as of March 31, 2011, by
and between the Borrower, the several banks and financial institutions from time to time party thereto (the “<B><I>New Treasury
Lenders</I></B>”) and SunTrust Bank as administrative agent (as amended by that certain Consent and First Amendment to Treasury
Secured Revolving Credit Agreement dated as of March 30, 2012, by that certain Second Amendment to Treasury Secured Revolving Credit
Agreement dated as of September 25, 2012 that certain Third Amendment to Treasury Secured Revolving Credit Agreement dated as of
May 23, 2013, that certain Fourth Amendment to Treasury Secured Revolving Credit Agreement dated as of September 24, 2013 and that
certain Fifth Amendment to Treasury Secured Revolving Credit Agreement dated as of September 24, 2014, the “<B><I>New Treasury
Credit Agreement</I></B>”);</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)	Section 1.1
of the Credit Agreement is hereby amended by replacing the definitions of “<B><I>Administration Agreement</I></B>”,
“<B><I>Change in Control</I></B>”, “<B><I>First Amendment Effective Date</I></B>”, “<B><I>Investment
Advisory Agreement</I></B>” and “<B><I>LIBOR</I></B>” in their entirety with the following definitions:</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>“Administration
Agreement”</I></B></FONT> shall mean that certain Administration Agreement, dated on or prior to the First Amendment Effective
Date, by and between Borrower and Oak Hill Advisors, L.P.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Change
in Control</I></B>” shall mean the occurrence of one or more of the following events: (i) any sale, lease, exchange or other
transfer (in a single transaction or a series of related transactions) of all or substantially all of the assets of the Borrower
to any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities
and Exchange Commission thereunder in effect on the date hereof), (ii) the acquisition of ownership, directly or indirectly, beneficially
or of record, by any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of
the Securities and Exchange Commission thereunder as in effect on the date hereof) of 45% or more of the outstanding shares of
the voting stock of the Borrower; (iii) occupation of a majority of the seats (other than vacant seats) on the board of directors
of the Borrower by Persons who were neither (x) nominated by the current board of directors or (y) appointed by directors so nominated;
or (iv) Oak Hill Advisors, L.P.<B> </B>ceases to retain its advisory duties over the Borrower in effect on the effective date of
the Permitted Change in Control. Notwithstanding the foregoing to the contrary, the Permitted Change in Control shall not constitute
a “Change in Control” under this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>First
Amendment Effective Date</I></B>” shall mean the date on which the conditions set forth in Section 3(b) of that certain First
Amendment to Third Amended and Restated Revolving Credit Agreement, dated as of September 29, 2014, by and among the Borrower,
the several banks and other financial institutions from time to time party thereto and the Administrative Agent have been satisfied.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Investment
Advisory Agreement</I></B>” shall mean that certain Investment Advisory Agreement, dated on or prior to the First Amendment
Effective Date, by and between Borrower and Oak Hill Advisors, L.P.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>LIBOR</I></B>”
shall mean, with respect to each Interest Period for a Eurodollar Loan, (i) the rate per annum equal to the London interbank offered
rate for deposits in U.S. Dollars appearing on Reuters screen page LIBOR 01 (or on any successor or substitute page of such service
or any successor to such service, or such other commercially available source providing such quotations as may be designated by
the Administrative Agent from time to time) at approximately 11:00 A.M. (London time) two (2) Business Days prior to the first
day of such Interest Period, with a maturity comparable to such Interest Period, divided by (ii) a percentage equal to 100% minus
the then stated maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves
and without benefit of credits for proration, exceptions or offsets that may be available from time to time) applicable to any
member bank of the Federal Reserve System in respect of Eurocurrency liabilities as defined in Regulation D (or any successor category
of liabilities under Regulation D); provided, that if the rate referred to in clause (i) above is not available at any such time
for any reason, then the rate referred to in clause (i) shall instead be the interest rate per annum, as determined by the Administrative
Agent, to be the arithmetic average of the rates per annum at which deposits in U.S. Dollars in an amount equal to the amount of
such Eurodollar Loan are offered by major banks in the London interbank market to the Administrative Agent at approximately 11:00
A.M. (London time), two (2) Business Days prior to the first day of such Interest Period; provided further, that if such rate shall
be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)	Section 1.1
of the Credit Agreement is hereby amended by adding the definition of “<B><I>Permitted Change in Control</I></B>” in
the appropriate alphabetical order:</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Permitted
Change in Control</I></B>” shall mean the transactions contemplated to occur on or prior to the First Amendment Effective
Date pursuant to the terms of that certain Stock Purchase Transaction Agreement, dated as of July 21, 2014, by and among the Borrower,
OHA BDC Investor, LLC and Oak Hill Advisors, L.P., including, without limitation, (i) the replacement of a majority of the board
of directors of the Borrower and (ii) the engagement of Oak Hill Advisors L.P. as the Borrower’s investment advisor.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.	</FONT><B><U>Conditions
to Effectiveness</U>. </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 13.5pt">	(a)	<U>Conditions
to Effectiveness of this Agreement</U>: Notwithstanding any other provision of this Agreement and without affecting in any manner
the rights of the Lenders hereunder, it is understood and agreed that this Agreement shall become effective (the “<B><I>Agreement
Effective Date</I></B>”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable
to the Administrative Agent): the Administrative Agent shall have received (i) executed counterparts to this Agreement from the
Borrower and the Required Lenders and (ii) a certificate of the Secretary or Assistant Secretary of the Borrower certifying the
name, title and true signature of each officer of the Borrower, including, without limitation, the officer of the Borrower executing
the Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 13.5pt"> 	</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 13.5pt">	(b)	<U>Conditions
to Effectiveness of the Amendments</U>: Notwithstanding any other provision of this Agreement and without affecting in any manner
the rights of the Lenders hereunder, it is understood and agreed that the Amendments set forth in Section 1 of this Agreement shall
become effective (the “<B><I>Amendment Effective Date</I></B>”) upon satisfaction of the following conditions on or
before October 10, 2014: (i) the Agreement Effective Date shall have occurred, (ii) the fees set forth in that Fee Letter dated
as of September 29, 2014 among the Borrower, the Administrative Agent and SunTrust Robinson Humphrey, Inc., (iii) to the extent
the Borrower is invoiced prior to the Amendment Effective Date, reimbursement or payment of its costs and expenses incurred in
connection with this Agreement or the Credit Agreement (including reasonable fees, charges and disbursements of King & Spalding
LLP, counsel to the Administrative Agent), (iv) a duly executed copy of that certain Investment Advisory Agreement by and between
Borrower and Oak Hill Advisors, L.P., in the form provided to the Lenders prior to the Agreement Effective Date and (v) a duly
executed copy of that certain Administration Agreement by and between Borrower and Oak Hill Advisors, L.P., in the form provided
to the Lenders prior to the Agreement Effective Date.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.	</FONT><B><U>Representations
and Warranties</U>.</B> To induce the Required Lenders and the Administrative Agent to enter into this Agreement, the Borrower
hereby represents and warrants to the Required Lenders and the Administrative Agent that:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)	The Borrower
and each of its Subsidiaries (other than any Foreclosed Subsidiary) (i) is duly organized, validly existing and in good standing
as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all
requisite power and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is
in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified would not
reasonably be expected to result in a Material Adverse Effect;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)	The execution,
delivery and performance by the Borrower of the Loan Documents to which it is a party are within the Borrower’s organizational
powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or member, action;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)	The execution,
delivery and performance by the Borrower of this Agreement and of the other Loan Documents to which it is a party (i) do not require
any consent or approval of, registration or filing with, or any action by, any Governmental Authority, except those as have been
obtained or made and are in full force and effect, (ii) will not violate any Requirements of Law applicable to the Borrower or
any of its Subsidiaries or any judgment, order or ruling of any Governmental Authority, (iii) will not violate or result in a default
under any indenture, material agreement or other material instrument binding on the Borrower or any of its Subsidiaries or any
of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries and
(iv) will not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries, except
Liens (if any) created under the Loan Documents;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)	This Agreement
has been duly executed and delivered for the benefit of or on behalf of the Borrower and constitutes a legal, valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with its terms except as the enforceability hereof may
be limited by bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights and remedies
in general; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)	After giving effect to this
Agreement, the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct
in all material respects, and no Default or Event of Default has occurred and is continuing as of the date hereof.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.	</FONT><B><U>Acknowledgment
of Perfection of Security Interest</U>. </B>The Borrower hereby acknowledges that, as of the date hereof, the security interests
and liens granted to the Administrative Agent and the Lenders under the Credit Agreement and the other Loan Documents are in full
force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other
Loan Documents.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.	</FONT><B><U>Effect
of Agreement</U></B>. Except as set forth expressly herein, on and after the Amendment Effective Date, all terms of the Credit
Agreement, as amended hereby on the Amendment Effective Date, and the other Loan Documents shall be and remain in full force and
effect and shall constitute the legal, valid, binding and enforceable obligations of the Borrower to the Lenders and the Administrative
Agent. The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a
waiver of any right, power or remedy of the Lenders under the Credit Agreement, nor constitute a waiver of any provision of the
Credit Agreement. This Agreement shall constitute a Loan Document for all purposes of the Credit Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.	</FONT><B><U>Governing
Law</U>. </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)	This Agreement shall be construed
in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof) of the State of
New York.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)	The Borrower hereby irrevocably
and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States District Court of
the Southern District of New York, and of any state court of the State of New York sitting in New York County and any appellate
court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document or
the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined
in such New York state court or, to the extent permitted by applicable law, such Federal court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right
that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or
any other Loan Document against the Borrower or its properties in the courts of any jurisdiction.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)	The Borrower irrevocably and
unconditionally waives any objection which it may now or hereafter have to the laying of venue of any such suit, action or
proceeding described in paragraph (b) of Section 10.5 of the Credit Agreement and brought in any court referred to in paragraph
(b) of Section 10.5 of the Credit Agreement. Each of the parties hereto irrevocably waives, to the fullest extent permitted by
applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)	Each party to this Agreement
irrevocably consents to the service of process in the manner provided for notices in Section 10.1 of the Credit Agreement. Nothing
in this Agreement or in any other Loan Document will affect the right of any party hereto to serve process in any other manner
permitted by law.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.	</FONT><B><U>No
Novation</U>.</B> This Agreement is not intended by the parties to be, and shall not be construed to be, a novation of the Credit
Agreement or an accord and satisfaction in regard thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.	</FONT><B><U>Counterparts</U>.</B>
This Agreement may be executed by one or more of the parties hereto in any number of separate counterparts, each of which shall
be deemed an original and all of which, taken together, shall be deemed to constitute one and the same instrument. Delivery of
an executed counterpart of this Agreement by facsimile transmission or by electronic mail in pdf form shall be as effective as
delivery of a manually executed counterpart hereof.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.	</FONT><B><U>Binding
Nature</U>.</B> This Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective successors,
successors-in-titles, and assigns.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.	</FONT><B><U>Entire
Understanding</U>.</B> This Agreement sets forth the entire understanding of the parties with respect to the matters set forth
herein, and shall supersede any prior negotiations or agreements, whether written or oral, with respect thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.	</FONT><B><U>Termination</U>.</B>
In the event that the Borrower does not satisfy the Conditions to Effectiveness of the Amendments set forth in Section 2(b) of
this Agreement on or before October 10, 2014, this Agreement shall terminate and be of no further force and effect.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Pages To Follow</I>]</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed, under seal in the case of the Borrower, by its respective authorized
officers as of the day and year first above written.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><B>BORROWER:</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><B>NGP CAPITAL RESOURCES COMPANY</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ L. Scott Biar</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">Name: L. Scott Biar</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">Title:
CFO</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><B>LENDERS:</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SUNTRUST
BANK</B></FONT>, as a Lender and as Administrative Agent</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ Yann Pirio</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
Yann Pirio</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title:
Managing Director</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Comerica
Bank</B></FONT>, as a Lender</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ Chad Stephenson</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
Chad Stephenson</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title:
Assistant Vice President</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sovereign Bank</B></FONT>,
as a Lender</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ Patrick L. Johnson</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
Patrick L. Johnson</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title:
Senior Vice President</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>RAYMOND
JAMES BANK, N.A.</B></FONT>, as a Lender</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ Scott G. Axelrod</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
Scott G. Axelrod</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title: Vice President</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.5in"> </P>
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<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>4
<FILENAME>v393222_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0"><B>Exhibit 10.5</B></P>
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<P STYLE="margin: 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CONSENT, WAIVER AND FIFTH AMENDMENT
TO<BR>
TREASURY SECURED REVOLVING CREDIT AGREEMENT</U></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS CONSENT, WAIVER
AND FIFTH AMENDMENT TO TREASURY SECURED REVOLVING CREDIT AGREEMENT </B>(this “<B><I>Amendment</I></B>”), is made and
entered into as of September 24, 2014, by and among NGP CAPITAL RESOURCES COMPANY, a Maryland corporation (the “<B><I>Borrower</I></B>”),
the several banks and other financial institutions from time to time party hereto (collectively, the “<B><I>Lenders</I></B>”)
and SUNTRUST BANK, in its capacity as Administrative Agent for the Lenders (the “<B><I>Administrative Agent</I></B>”).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>W</U></B> </FONT><B><U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U>:</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower,
the Lenders and the Administrative Agent are parties to a certain Treasury Secured Revolving Credit Agreement, dated as of March
31, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “<B><I>Credit Agreement</I></B>”;
capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement),
pursuant to which the Lenders have made certain financial accommodations available to the Borrower;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower
has requested that Comerica Bank, in its capacity as a Lender under the Credit Agreement, consent to the termination of its Commitment
under the Credit Agreement, and subject to the terms and conditions hereof, Comerica Bank is willing to do so; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Borrower
has requested that the Lenders and the Administrative Agent amend certain provisions of the Credit Agreement, and subject to the
terms and conditions hereof, the Lenders are willing to do so.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, for
good and valuable consideration, the sufficiency and receipt of all of which are acknowledged, the Borrower, the Lenders and the
Administrative Agent agree as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.	</FONT><B><U>Consent</U></B>.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(a)	Notwithstanding
anything to the contrary in the Credit Agreement and subject to the satisfaction of the conditions set forth in Section 4 below,
Comerica Bank hereby consents to the termination of its $15,000,000 Commitment under the Credit Agreement. By executing and delivering
this Amendment, Comerica Bank shall hereby cease to be a party to the Credit Agreement as a Lender thereunder. Each party hereto
acknowledges and agrees that the Commitment of Comerica Bank shall be terminated and that Comerica Bank shall cease to be a Lender
under the Credit Agreement as of the date of this Amendment.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt">(b)	Notwithstanding
anything to the contrary in the Credit Agreement and subject to the satisfaction of the conditions set forth in Section 4 below,
SunTrust Bank, in its capacity as Administrative Agent and as a Lender, hereby consents to the non-pro rata reduction of the Commitments
pursuant to clause (a) above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: justify; text-indent: 31.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.	</FONT><B><U>Waiver</U></B>.
Notwithstanding anything to the contrary in the provisions of Section 2.7(b) to the contrary, the Lenders hereby waive, on a one-time
basis, the requirement that (a) the Borrower provide three (3) Business Days’ prior written notice of the permanent reduction
of the Commitments and (b) such reduction proportionately reduce to the Commitments of the Lenders.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.	</FONT><B><U>Amendments</U></B>.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)	Section 1.1
of the Credit Agreement is hereby amended by replacing the definitions of “<B><I>Administrative Agreement</I></B>”,
“<B><I>Aggregate Commitment Amount</I></B>”, “<B><I>Change in Control</I></B>”, “<B><I>Commitment
Termination Date</I></B>”, “<B><I>Investment Advisory Agreement</I></B>”, “<B><I>Loan Document</I></B>”
and “<B><I>Treasury Revolving Commitment Amount</I></B>” in their entirety with the following definitions:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>“Administration
Agreement”</I></B></FONT> shall mean (i) prior to the occurrence of a Permitted Change in Control, that certain Administration
Agreement, dated as of November 9, 2004, by and between Borrower and NGP Administration LLC and (ii) following the occurrence of
a Permitted Change in Control, that certain Administration Agreement, to be dated on or about September 29, 2014, by and between
Borrower and Oak Hill Advisors, L.P.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Aggregate
Commitment Amount</I></B>” shall mean the aggregate principal amount of the Aggregate Commitments from time to time. On the
Fifth Amendment Effective Date, the Aggregate Commitment Amount equals $30,000,000.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Change
in Control”</I></B> shall mean the occurrence of one or more of the following events: (i) any sale, lease, exchange or other
transfer (in a single transaction or a series of related transactions) of all or substantially all of the assets of the Borrower
to any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities
and Exchange Commission thereunder in effect on the date hereof), (ii) the acquisition of ownership, directly or indirectly, beneficially
or of record, by any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of
the Securities and Exchange Commission thereunder as in effect on the date hereof) of 45% or more of the outstanding shares of
the voting stock of the Borrower; (iii) occupation of a majority of the seats (other than vacant seats) on the board of directors
of the Borrower by Persons who were neither (x) nominated by the current board of directors or (y) appointed by directors so nominated;
or (iv) (a) prior to the occurrence of the Permitted Change in Control, NGP Investment Advisors, LP ceases to retain its advisory
duties over the Borrower in effect on the Closing Date and (b) following the occurrence of a Permitted Change in Control, Oak Hill
Advisors, L.P. ceases to retain its advisory duties over the Borrower in effect on the effective date of the Permitted Change in
Control. Notwithstanding the foregoing to the contrary, the Permitted Change in Control shall not constitute a “Change in
Control” under this Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Commitment
Termination Date</I></B>” shall mean the earliest of (i) September 24, 2015, (ii) the date on which the Aggregate Commitments
are terminated pursuant to Section 2.7 and (iii) the date on which all amounts outstanding under this Agreement have been declared
or have automatically become due and payable (whether by acceleration or otherwise).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Investment
Advisory Agreement</I></B>” shall mean (i) prior to the occurrence of a Permitted Change in Control, that certain Investment
Advisory Agreement, dated as of November 9, 2004, by and between Borrower and NGP Investment Advisors, LP and (ii) following the
occurrence of a Permitted Change in Control, that certain Investment Advisory Agreement, to be dated on or about September 29,
2014, by and between Borrower and Oak Hill Advisors, L.P.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">“<B><I>Loan Documents</I></B>”
shall mean, collectively, this Agreement, any promissory notes issued hereunder, the Security Documents, the Intercreditor Agreement,
all Notices of Borrowing, all Notices of Conversion/Continuation and any and all other instruments, agreements, documents, certificates
and writings executed in connection with any of the foregoing.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">“<B><I>Treasury Revolving
Commitment Amount</I></B>” shall mean the aggregate principal amount of the Treasury Revolving Commitments from time to time.
On the Fifth Amendment Effective Date, the Treasury Revolving Commitment Amount equals $30,000,000.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)	Section 1.1
of the Credit Agreement is hereby amended by adding the definitions of “<B><I>Fifth Amendment Effective Date</I></B>”,
“<B><I>Intercreditor Agreemen</I></B>t” and “<B><I>Permitted Change in Control</I></B>” in the appropriate
alphabetical order:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">“<B><I>Fifth Amendment Effective
Date</I></B>” shall mean September 24, 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Intercreditor
Agreement</I></B>” shall mean that certain Intercreditor Agreement, dated as of May 23, 2013, by and among the Borrower,
the Lenders, the Administrative Agent, the Investment Lenders and the administrative agent under the Investment Credit Agreement,
as may be amended, restated, supplemented or otherwise modified from time to time.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">“<B><I>Permitted
Change in Control</I></B>” shall mean the transactions contemplated to occur on or about September 29, 2014 pursuant to the
terms of that certain Stock Purchase Transaction Agreement, dated as of July 21, 2014, by and among the Borrower, OHA BDC Investor,
LLC and Oak Hill Advisors, L.P., including, without limitation, (i) the replacement of a majority of the board of directors of
the Borrower and (ii) the engagement of Oak Hill Advisors L.P. as the Borrower’s investment advisor.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)	Section 4.4
of the Credit Agreement is hereby amended by replacing “PricewaterhouseCoopers LLP” with “Ernst & Young LLP”
in the first sentence of such Section.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)	Section 5.1(a)
of the Credit Agreement is hereby amended by replacing “PricewaterhouseCoopers LLP” with “Ernst & Young LLP”
in the first sentence of such Section.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)	Article V of
the Credit Agreement is hereby amended by adding a new Section 5.12 to the end of such Article to read as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.12	<U>Administrative
Agreement and Investment Advisory Agreement</U>. </B></FONT> Contemporaneously with the Permitted Change in Control, the Borrower
shall have delivered to the Administrative Agent, (i) a copy of the Administrative Agreement duly executed by<B> </B>the Borrower
and Oak Hill Advisors, L.P. and (ii) a copy of the Investment Advisory Agreement duly executed by the Borrower and Oak Hill Advisors,
L.P.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)	Schedule II
of the Credit Agreement is hereby amended by replacing such schedule in its entirety with the Schedule I attached hereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.	</FONT><B><U>Conditions
to Effectiveness of this Amendment</U>. </B>Notwithstanding any other provision of this Amendment and without affecting in any
manner the rights of the Lenders hereunder, it is understood and agreed that this Amendment shall not become effective, and the
Borrower shall have no rights under this Amendment, until the Administrative Agent shall have received (i) the fees set forth in
that Fee Letter dated as of September 24, 2014 among the Borrower, the Administrative Agent and SunTrust Robinson Humphrey, Inc.,
(ii) to the extent the Borrower is invoiced prior to the effective date of this Amendment, reimbursement or payment of its costs
and expenses incurred in connection with this Amendment or the Credit Agreement (including reasonable fees, charges and disbursements
of King & Spalding LLP, counsel to the Administrative Agent), (iii) executed counterparts to this Amendment from the Borrower,
Comerica Bank, the Administrative Agent and the Lenders, (iv) a certificate of the Secretary or Assistant Secretary of the Borrower,
(A) attaching a certificate of good standing or existence of a recent date, as may be available from the Secretary of State of
the jurisdiction of incorporation of the Borrower, (B) attaching and certifying resolutions of its board of directors authorizing
the execution, delivery and performance of the Amendment, (C) certifying the name, title and true signature of each officer of
the Borrower executing the Amendment and (D) attaching and certifying copies of the articles of incorporation of the Borrower;
and (v) a favorable written opinion of counsel to the Borrower, addressed to the Administrative Agent and each of the Lenders,
and covering such matters relating to the Borrower, the Amendment and the transactions contemplated herein as the Administrative
Agent shall reasonably request.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.	</FONT><B><U>Representations
and Warranties</U>.</B> To induce the Lenders and the Administrative Agent to enter into this Amendment, the Borrower hereby represents
and warrants to the Lenders and the Administrative Agent that:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)	The Borrower
and each of its Subsidiaries (other than any Foreclosed Subsidiary) (i) is duly organized, validly existing and in good standing
as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all
requisite power and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is
in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified would not
reasonably be expected to result in a Material Adverse Effect;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)	The execution,
delivery and performance by the Borrower of the Loan Documents to which it is a party are within the Borrower’s organizational
powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or member, action;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)	The execution,
delivery and performance by the Borrower of this Amendment and of the other Loan Documents to which it is a party (i) do not require
any consent or approval of, registration or filing with, or any action by, any Governmental Authority, except those as have been
obtained or made and are in full force and effect, (ii) will not violate any Requirements of Law applicable to the Borrower or
any of its Subsidiaries or any judgment, order or ruling of any Governmental Authority, (iii) will not violate or result in a default
under any indenture, material agreement or other material instrument binding on the Borrower or any of its Subsidiaries or any
of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries and
(iv) will not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries, except
Liens (if any) created under the Loan Documents;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)	This Amendment
has been duly executed and delivered for the benefit of or on behalf of the Borrower and constitutes a legal, valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with its terms except as the enforceability hereof may
be limited by bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights and remedies
in general; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)	After giving effect to this
Amendment, the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct
in all material respects, and no Default or Event of Default has occurred and is continuing as of the date hereof.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.	</FONT><B><U>Acknowledgment
of Perfection of Security Interest</U>. </B>The Borrower hereby acknowledges that, as of the date hereof, the security interests
and liens granted to the Administrative Agent and the Lenders under the Credit Agreement and the other Loan Documents are in full
force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other
Loan Documents.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.	</FONT><B><U>Effect
of Amendment</U></B>. Except as set forth expressly herein, all terms of the Credit Agreement, as amended hereby, and the other
Loan Documents shall be and remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligations
of the Borrower to the Lenders and the Administrative Agent. The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders under the Credit Agreement,
nor constitute a waiver of any provision of the Credit Agreement. This Amendment shall constitute a Loan Document for all purposes
of the Credit Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.	</FONT><B><U>Governing
Law</U>. </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)	This Amendment shall be construed
in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof) of the State of
New York.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)	The Borrower hereby irrevocably
and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States District Court of
the Southern District of New York, and of any state court of the State of New York sitting in New York County and any appellate
court from any thereof, in any action or proceeding arising out of or relating to this Amendment or any other Loan Document or
the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined
in such New York state court or, to the extent permitted by applicable law, such Federal court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law. Nothing in this Amendment or any other Loan Document shall affect any right
that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Amendment or
any other Loan Document against the Borrower or its properties in the courts of any jurisdiction.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)	The Borrower irrevocably and
unconditionally waives any objection which it may now or hereafter have to the laying of venue of any such suit, action or
proceeding described in paragraph (b) of Section 10.5 of the Credit Agreement and brought in any court referred to in paragraph
(b) of Section 10.5 of the Credit Agreement. Each of the parties hereto irrevocably waives, to the fullest extent permitted by
applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)	Each party to this Amendment
irrevocably consents to the service of process in the manner provided for notices in Section 10.1 of the Credit Agreement. Nothing
in this Amendment or in any other Loan Document will affect the right of any party hereto to serve process in any other manner
permitted by law.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.	</FONT><B><U>No
Novation</U>.</B> This Amendment is not intended by the parties to be, and shall not be construed to be, a novation of the Credit
Agreement or an accord and satisfaction in regard thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.	</FONT><B><U>Counterparts</U>.</B>
This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, each of which shall
be deemed an original and all of which, taken together, shall be deemed to constitute one and the same instrument. Delivery of
an executed counterpart of this Amendment by facsimile transmission or by electronic mail in pdf form shall be as effective as
delivery of a manually executed counterpart hereof.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.	</FONT><B><U>Binding
Nature</U>.</B> This Amendment shall be binding upon and inure to the benefit of the parties hereto, their respective successors,
successors-in-titles, and assigns.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.	</FONT><B><U>Entire
Understanding</U>.</B> This Amendment sets forth the entire understanding of the parties with respect to the matters set forth
herein, and shall supersede any prior negotiations or agreements, whether written or oral, with respect thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Pages To Follow</I>]</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed, under seal in the case of the Borrower, by its respective authorized
officers as of the day and year first above written.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><B>BORROWER:</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><B>NGP CAPITAL RESOURCES COMPANY</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ L. Scott Biar</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
L. Scott Biar</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title: CFO</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SUNTRUST
BANK</B></FONT>, as a Lender and as Administrative Agent</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ Yann Pirio</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
Yann Pirio</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title:
Managing Director</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>COMERICA
BANK</B></FONT>, solely with respect to Section 1 of this Amendment:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 3.75in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 3.75in">By:
<U>/s/ Chad Stephenson</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Name:
Chad Stephenson</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 4in">Title:
Assistant Vice President</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Schedule II</U></B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>COMMITMENT
AMOU</B></FONT>NTS</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 62%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD NOWRAP STYLE="width: 30%; padding: 0; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SunTrust Bank</FONT></TD>
<TD NOWRAP STYLE="width: 2%; padding: 0; font-size: 10pt; text-align: center"> </TD>
<TD NOWRAP STYLE="width: 30%; padding: 0; font-size: 10pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$30,000,000</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: center"></P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: center"><B> </B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>5
<FILENAME>v393222_ex31-1.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 31.1</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Certification Required by Rule 13a-14(a)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>or Rule 15d-14(a)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I, Robert W. Long, certify that:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD>I have reviewed this quarterly report on Form 10-Q of OHA Investment Corporation;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in
all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">4.</TD><TD>The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined
in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a) Designed such disclosure controls and
procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b) Designed such internal control over
financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(c) Evaluated the effectiveness of the
registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(d) Disclosed in this report
any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most
recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">5.</TD><TD>The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors
(or persons performing the equivalent functions):</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a) All significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect
the registrant’s ability to record, process, summarize and report financial information; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b) Any fraud, whether or not material,
that involves management or other employees who have a significant role in the registrant’s internal control over financial
reporting.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%">Date: November 7, 2014 </TD>
<TD STYLE="width: 50%; border-bottom: black 1pt solid">/s/ ROBERT W. LONG</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>Robert W. Long</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>President and Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>6
<FILENAME>v393222_ex31-2.htm
<DESCRIPTION>EXHIBIT 31.2
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 31.2</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Certification Required by Rule 13a-14(a)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>or Rule 15d-14(a)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I, L. Scott Biar, certify that:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD>I have reviewed this quarterly report on Form 10-Q of OHA Investment Corporation;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in
all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">4.</TD><TD>The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined
in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a) Designed such disclosure controls and
procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b) Designed such internal control over
financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(c) Evaluated the effectiveness of the
registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(d) Disclosed in this report
any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most
recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">5.</TD><TD>The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors
(or persons performing the equivalent functions):</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a) All significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect
the registrant’s ability to record, process, summarize and report financial information; and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b) Any fraud, whether or not material,
that involves management or other employees who have a significant role in the registrant’s internal control over financial
reporting.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%">Date:	November 7, 2014 </TD>
<TD STYLE="width: 50%; border-bottom: black 1pt solid">/s/ L. SCOTT BIAR</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>L. Scott Biar</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>Chief Financial Officer, Treasurer, Secretary and Chief Compliance Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>7
<FILENAME>v393222_ex32-1.htm
<DESCRIPTION>EXHIBIT 32.1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 32.1</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Certification required by Rule 13a-14(b)
or</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Rule 15d-14(b) and Section 1350 of Chapter
63 of Title 18 of the United States Code</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the Quarterly Report
of OHA Investment Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2014, as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, Robert W. Long, Chief Executive Officer of
the Company, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that to my knowledge:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended;
and</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%">Date:	November 7, 2014 </TD>
<TD STYLE="width: 50%; border-bottom: black 1pt solid">/s/ ROBERT W. LONG</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>Robert W. Long</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>President and Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>8
<FILENAME>v393222_ex32-2.htm
<DESCRIPTION>EXHIBIT 32.2
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 32.2</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Certification required by Rule 13a-14(b)
or</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Rule 15d-14(b) and Section 1350 of Chapter
63 of Title 18 of the United States Code</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the Quarterly Report
of OHA Investment Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2014, as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, L. Scott Biar, Chief Financial Officer, Treasurer,
Secretary and Chief Compliance Officer of the Company, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended;
and</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%">Date:	November 7, 2014 </TD>
<TD STYLE="width: 50%; border-bottom: black 1pt solid">/s/ L. SCOTT BIAR</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>L. Scott Biar</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Financial Officer, Treasurer, Secretary and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Compliance Officer</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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</DOCUMENT>
</SEC-DOCUMENT>