Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 19

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 19
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 allocation policies and procedures
that the Advisers will establish, implement and maintain; provided that, if the size of the opportunity is decreased such that the aggregate
of the original Internal Orders would exceed the amount of the remaining investment opportunity, then upon submitting any revised order
amount to the Board of a Regulated Fund for approval, the Adviser to the Regulated Fund will also notify the Board promptly of the amount
that the Regulated Fund would receive if the remaining investment opportunity were allocated pro rata on the basis of the size of the
original Internal Orders. The Board of the Regulated Fund will then either approve or disapprove of the investment opportunity in accordance
with Condition 2, 6, 7, 8 or 9, as applicable.

. The Applicants
represent that the Advisers’ allocation review process is a robust process designed as part of their overall compliance policies
and procedures to ensure that every client is treated fairly and that the Advisers are following their allocation policies. The entire
allocation process is monitored and reviewed by the Advisers’ compliance team, led by the chief compliance officer, and approved
by the Board of each Regulated Fund as it applies to such Regulated Fund.

| 15 | The reason for any such adjustment to a proposed order amount will be                                                                
 documented in writing and preserved in the records of each Adviser.                                                                  |
| 16 | The Advisers will maintain records of all proposed order amounts, Internal Orders                                                    
 and External Submissions in conjunction with Potential Co-Investment Transactions. Each applicable Adviser will provide the Eligible 
 Directors with information concerning the Affiliated Funds’ and Regulated Funds’ order sizes to assist the Eligible Directors        
 with their review of the applicable Regulated Fund’s investments for compliance with the Conditions.                                 |

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(c). Approval of Potential Co-Investment Transactions

A Regulated Fund will enter
into a Potential Co-Investment Transaction with one or more other Regulated Funds and/or Affiliated Funds only if, prior to the Regulated
Fund’s participation in the Potential Co-Investment Transaction, the Required Majority approves it in accordance with the Conditions
of this Order.

In the case of a BDC Downstream
Fund with an Independent Party consisting of a transaction committee or advisory committee, the individuals on the committee would possess
experience and training comparable to that of the directors of the parent Regulated Fund and sufficient to permit them to make informed
decisions on behalf of the applicable BDC Down