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

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 40
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 compensation, remuneration or a direct or indirect 30financial benefit to the Advisers, any other Regulated Fund, the Affiliated Funds or any affiliated person of any of them (other than the parties to the Co-Investment Transaction), except (A) to the extent permitted by Condition 14, (B) to the extent permitted by Section 17(e) or 57(k), as applicable, (C) indirectly, as a result of an interest in the securities issued by one of the parties to the Co-Investment Transaction, or (D) in the case of fees or other compensation described in Condition 2(c)(iii)(B)(z).

3. Right to Decline

Each Regulated Fund has the
right to decline to participate in any Potential Co-Investment Transaction or to invest less than the amount proposed.

4. General Limitation

Except for Follow-On Investments
made in accordance with Conditions 8 and 9 below,31 a
Regulated Fund will not invest in reliance on the Order in any issuer in which a Related Party has an investment.

5. Same Terms and Conditions .

A Regulated Fund will not
participate in any Potential Co-Investment Transaction unless (i) the terms, conditions, price, class of securities to be purchased,
date on which the commitment is entered into and registration rights (if any) will be the same for each participating Regulated Fund
and Affiliated Fund and (ii) the earliest settlement date and the latest settlement date of any participating Regulated Fund or
Affiliated Fund will occur as close in time as practicable and in no event more than ten business days apart. The grant to one or more
Regulated Funds or Affiliated Funds, but not the respective Regulated Fund, of the right to nominate a director for election to a portfolio
company’s board of directors, the right to have an observer on the board of directors or similar rights to participate in the governance
or management of the portfolio company will not be interpreted so as to violate this Condition 5, if Condition 2(c)(iii)(B) is met.

| 30 | For example, procuring the Regulated Fund’s investment in a Potential Co-Investment Transaction to permit                      
 an affiliate to complete or obtain better terms in a separate transaction would constitute an indirect financial benefit.      |
| 31 | This exception applies only to Follow-On Investments by a Regulated Fund in issuers in which that Regulated Fund already holds 
 investments.                                                                                                                   |

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