Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 18

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 18
---
 Potential Co-Investment Transaction will document the recommendations by the Investment Committee. |

<div align='center'>11</div>

(b). Order Placement and Allocation

. If the Adviser
to a Regulated Fund deems the Regulated Fund’s participation in any Potential Co-Investment Transaction to be appropriate, it will,
working through the applicable Investment Committee(s), formulate a recommendation regarding the proposed order amount for the Regulated
Fund. In doing so, the Adviser and the applicable Investment Committee(s) may consider such factors, among others, as investment
guidelines, issuer, industry and geographical concentration, availability of cash and other opportunities for which cash is needed, tax
considerations, leverage covenants, regulatory constraints (such as requirements under the Act), investment horizon, potential liquidity
needs, and the Regulated Fund’s risk concentration policies.

.
For each Regulated Fund and Affiliated Fund whose Adviser, through its Investment Committee, recommends participating in a Potential
Co-Investment Transaction, the applicable Investment Committee will approve the investment(s) and the investment amount(s). Prior
to the External Submission (as defined below), each proposed order or investment amount may be reviewed and adjusted, in accordance with
the applicable Adviser’s written allocation policies and procedures.15The order of a Regulated Fund or Affiliated Fund resulting from this process is referred to as its “Internal Order”. The final Internal Order with respect to any Regulated Fund will be submitted for approval by the Required Majority
of any participating Regulated Funds in accordance with the Conditions and as discussed in Section III.A.1.c. below.

If the aggregate Internal
Orders for a Potential Co-Investment Transaction do not exceed the size of the investment opportunity immediately prior to the submission
of the orders to the underwriter, broker, dealer or issuer, as applicable (the “External Submission”), then
each Internal Order will be fulfilled as placed. If, on the other hand, the aggregate Internal Orders for a Potential Co-Investment Transaction
exceed the size of the investment opportunity immediately prior to the External Submission, then the allocation of the opportunity will
be made pro rata on the basis of the size of the Internal Orders.16
If, subsequent to such External Submission, the size of the opportunity is increased or decreased, or if the terms of such opportunity,
or the facts and circumstances applicable to the Regulated Funds’ or the Affiliated Funds’ consideration of the opportunity,
change, the participants will be permitted to submit revised Internal Orders in accordance with written