Company: OXLCZ
Filing Date: 2025-10-14
Form Type: 40-APP/A
Source: 0001213900-25-098756
Chunk: 21

Company: Oxford Lane Capital Corp.
Filing Date: 2025-10-14
Form: 40-APP/A
Chunk 21
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 Cohen              |
| Title:              | Chief Executive Officer     |

<div align='center'>17</div>

VERIFICATION

The undersigned states that it has
duly executed the foregoing Application for and on behalf of Oxford Bridge II, LLC, and that all action by officers, directors, and other
bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that it is familiar
with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of its knowledge, information
and belief.

| OXFORD BRIDGE II, LLC |                                                 |
| By:                   | Oxford Gate Management, LLC, as Managing Member |
|                       | /s/ Oxford Gate Management, LLC                 |
| Name:                 | Jonathan Cohen                                  |
| Title:                | Chief Executive Officer                         |

VERIFICATION

The undersigned states that he has duly executed
the foregoing Application for and on behalf of Oxford Gate Management, LLC, that he is an Authorized Person of such entity and that all
action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The
undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are
true to the best of his knowledge, information and belief.

| OXFORD GATE MANAGEMENT, LLC |                         |
| By:                         | /s/ Jonathan H. Cohen   |
| Name:                       | Jonathan H. Cohen       |
| Title:                      | Chief Executive Officer |

<div align='center'>18

EXHIBIT A</div>

Approval of Filing Section 17(d) Application for Co-Investment Relief

WHEREAS, the Board deems it is advisable
and in the best interest of the Fund to file with the U.S. Securities and Exchange Commission (the “Commission”) an application
for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the “1940 Act”), and
Rule 17d-l promulgated thereunder (the “Application”), to authorize the entering into of certain joint transactions that otherwise
may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.

NOW, THEREFORE, BE IT RESOLVED, that the
officers of