Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 49

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 49
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 or remuneration of any kind as a result
of or in connection with a Co-Investment Transaction other than (i) in the case of the Regulated Funds and the Affiliated Funds,
the pro rata transaction fees described above and fees or other compensation described in Condition 2(c)(iii)(B)(z), (ii) brokerage
or underwriting compensation permitted by Section 17(e) or 57(k) or (iii) in the case of the Advisers, investment
advisory compensation paid in accordance with investment advisory agreements between the applicable Regulated Fund(s) or Affiliated
Fund(s) and its Adviser.

15. Independence

If the Holders own in the
aggregate more than 25 percent of the Shares of a Regulated Fund, then the Holders will vote such Shares in the same percentages as the
Regulated Fund’s other shareholders (not including the Holders) when voting on (1) the election of directors; (2) the
removal of one or more directors; or (3) any other matter under either the Act or applicable State law affecting the Board’s
composition, size or manner of election; provided however, that this Condition 15 will not apply to a Regulated Fund during any time
which the Holders in the aggregate own 100% of the Shares of such Regulated Fund.

VI. PROCEDURAL MATTERS

A. Communications

Please address all communications
concerning this Application and the Notice and Order to:

<div align='center'>Nauman S. Malik, Esq.
Eagle Point Credit Management LLC
600 Steamboat Road, Suite 202
Greenwich, CT 06830</div>

Please address any questions,
and a copy of any communications, concerning this Application, the Notice and Order to:

<div align='center'>Thomas J. Friedmann, Esq.
Philip Hinkle, Esq.
Dechert LLP
One International Place, 40th Floor
100 Oliver Street
Boston, MA 02110</div>

| 36 | The Applicants are not requesting and the Commission is not providing any relief for transaction 
 fees received in connection with any Co-Investment Transaction.                                  |

<div align='center'>31</div>

The Applicants desire that
the Commission issue an Order pursuant to Rule 0-5 without conducting a hearing.

Pursuant to Rule 0-2,
each person executing the Application on behalf of an Applicant says that he or she has duly executed the Application