The Bank of New York Mellon Trust Company, National Association

CONSENT MATERIAL

MOUNTAIN VIEW FUNDING CLO 2006-1, LTD.MOUNTAIN VIEW FUNDING CLO 2006-1, CORP.

NOTICE OF PROPOSED ASSIGNMENT OFCOLLATERAL MANAGEMENT AGREEMENT

NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OFINTEREST TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THESECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHERINTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITERE-TRANSMITTAL TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERSOF THE SECURITIES IN A TIMELY MANNER.

January 13, 2014

To: The Holders of the Securities as of January 10, 2014 (the “Record Date”):

To: Those Additional Addressees Listed on Schedule I hereto

*No representation is made as to the correctness of the CUSIP or ISIN numbers either as printed on the Securities or as contained in this Notice.

Such numbers are included solely for the convenience of such Holders.

SecuritiesCUSIP*

Rule 144AISIN*

Rule 144ACUSIP*

Reg SISIN*

Reg S

Class A -1 Notes 624442AA7 US624442AA76 G6298CAA2 USG6298CAA20

Class A-2 Notes 624442AB5 US624442AB59 N/A N/A

Class B-1 Notes 624442AC3 US624442AC33 G6298CAC8 USG6298CAC85

Class B-2 Notes 624442AD1 US624442AD16 G6298CAD6 USG6298CAD68

Class C-1 Notes 624442AE9 US624442AE98 G6298CAE4 USG6298CAE42

Class C-2 Notes 624442AF6 US624442AF63 G6298CAF1 USG6298CAF17

Class D Notes 624442AG4 US624442AG47 G6298CAG9 USG6298CAG99

Class E Notes 624442AA5 US62444LAA52 G62986AA5 USG62986AA57

Combination

Securities 62444LAB3 US62444LAB36 G62986AB3 USG62986AB31

Preference Shares 62444L206 US62444L2060 G62986107 KY6629861074

HOU:0023495/00006:1713341v1

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Reference is made to (i) that certain Indenture dated as of May 23, 2006 (as amended,supplemented or modified from time to time, the “Indenture”), among MOUNTAIN VIEWFUNDING CLO 2006-1, LTD., as Issuer (the “Issuer”), MOUNTAIN VIEW FUNDING CLO2006-1, CORP., as Co-Issuer (the “Co-Issuer”, together with the Issuer, the “Co-Issuers”), THEBANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION (assuccessor to JPMorgan Chase Bank, National Association), as Trustee (the “Trustee”), andSUNTRUST BANK, as Class A-2 Note Agent and (ii) that certain Collateral ManagementAgreement dated as of May 23, 2006 (as amended, supplemented or modified from time to time,the “Collateral Management Agreement”) between the Issuer and SEIX INVESTMENTADVISORS LLC (f/k/a Seix Advisors), as Collateral Manager (the “Collateral Manager”).Capitalized terms used and not defined herein have the respective meanings given to them in theIndenture or the Collateral Management Agreement.

At the direction of the Collateral Manager, the Trustee hereby provides a copy of theCollateral Manager’s Notice of Proposed Assignment of Collateral Management Agreement (the“Notice”). A copy of the Notice is attached hereto as Annex A.

THE TRUSTEE MAKES NO RECOMMENDATIONS AS TO ANY ACTION TOBE TAKEN OR NOT TO BE TAKEN WITH RESPECT TO THE NOTICE OROTHERWISE. YOU ARE ADVISED TO CONSULT YOUR OWN LEGAL ANDINVESTMENT ADVISORS.

Should you have any questions, please contact Anthony Menjivar by phone at (412) 234-8437 or by email at anthony.menjivar@bnymellon.com.

THE BANK OF NEW YORK MELLONTRUST COMPANY, NATIONALASSOCIATION, as Trustee and PreferenceShare Paying Agent

HOU:0023495/00000:1713327v1

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SCHEDULE IAdditional Addressees

Issuer:Mountain View Funding CLO 2006-1, Ltd.c/o MaplesFS LimitedP.O. Box 1093Boundary Hall, Cricket SquareGrand Cayman KY1-1102Cayman IslandsAttn: The DirectorsFax: (345) 945-7100

Co-Issuer:Mountain View Funding CLO 2006-1, Corp.c/o Puglisi & Associates850 Library Avenue, Suite 204Newark, Delaware 19711Attn: DirectorFax: (302) 738-7210

Class A-2 Note Agent:SunTrust Bank303 Peachtree StreetAtlanta, Georgia 30308Re: Mountain View Funding CLO 2006-1, Ltd.

Company Announcements OfficeIrish Stock Exchange Limited:Company Announcements OfficeIrish Stock Exchange Limited28 Anglesea StreetDublin 2, Ireland

Irish Paying Agent:Grant Thornton24-26 City QuayDublin 2Ireland

Administrator:MaplesFS LimitedP.O. Box 1093Boundary Hall, Cricket SquareGeorge Town, Grand Cayman KY1-1102Cayman IslandsFax: (345) 945-7100Attn: The Directors

Collateral Manager:Seix Investment Advisors LLC10 Mountainview Road, Suite C-200Upper Saddle River, NJ 07458Attn: Eric Storch/Atul Sibal

Rating Agencies:Standard & Poor’s55 Water StreetNew York, New York 10041Attn: CDO Surveillancecdo_surveillance@standardandpoors.com

Moody’s Investors Service7 World Trade Center250 Greenwich StreetNew York, New York 10007Attn: CBO/CLO MonitoringFax: (212) 553-0355cdomonitoring@moodys.com

Hedge Counterparty:SunTrust Bank3333 Peachtree Road, NE, 11th FloorAtlanta, Georgia 30326Attn: Victor Seoane

AGFP:AG Financial Products Inc.1325 Avenue of the AmericasNew York, NY 10019Attn: Risk Management DepartmentRe: Mountain View Funding CLO 2006-1, Ltd.D-2006-64Fax: (212) 581-3268; (212) 974-0100RiskManagementDept@assuredguaranty.com

with a copy to:General CounselFax: (212) 581-3268; (212) 974-0100

DTC, Euroclear & Clearstream (if applicable):lensnotices@dtcc.comvoluntaryreorgannouncements@dtcc.comdrit@euroclear.comca_mandatory.events@clearstream.com.

ANNEX A

COLLATERAL MANAGER’S NOTICE