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|  | o | Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; |
|--|---|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | o | Full, fair, accurate, timely, and understandable disclosure in reports and documents that a business development company files with, or submits to, the SEC and in other public                    communications by the business development company; |
|--|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | o | Compliance with applicable governmental laws, rules and regulations; |
|--|---|----------------------------------------------------------------------|
|  | o | The prompt internal reporting of violations of the code of ethics to the appropriate persons as set forth in the code of ethics; and |
|--|---|--------------------------------------------------------------------------------------------------------------------------------------|
|  | o | Accountability for adherence to the code of ethics. |
|--|---|-----------------------------------------------------|

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|  | • | Making, or permitting or directing another to make, materially false or misleading entries in the BDC’s financial statements or records; |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Failing to correct the BDC’s financial statements or records that are materially false or misleading when he or she has the authority to record an entry; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Signing, or permitting or directing another to sign, a document containing materially false or misleading financial information. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------|
|  | • | Should familiarize himself or herself with the disclosure requirements generally applicable to the BDC; |
|--|---------|---------------------------------------------------------------------------------------------------------|
|  | • | Should not knowingly misrepresent, or cause others to misrepresent, facts about the BDC to others, including to the Board, auditors, governmental regulators or self-regulatory                      organizations; |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Should promote full, fair, accurate, timely and understandable disclosure in the reports and documents the BDC file with, or submits to, the SEC and in other public                      communications made by the BDC; and |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Has the responsibility to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | A reprimand; |
|--|---------|--------------|
|  | • | Disgorgement of any profit or restitution of any loss; |
|--|---------|--------------------------------------------------------|
|  | • | Imposition of additional controls and procedures; |
|--|---------|---------------------------------------------------|
|  | • | Suspension; |
|--|---------|-------------|
|  | • | Termination; and |
|--|---------|------------------|
|  | • | Any other measure that the Audit Committee may decide is appropriate under the circumstances, including notifying regulatory authorities. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Upon adoption of the SOX Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing (in the form attached hereto as Exhibit A) to the Board that he                        or she has received, read, and understands the SOX Code; and |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Annually thereafter affirm (in the form attached hereto as Exhibit B) to the Board that he or she has complied with the requirements of the SOX Code. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Officer Name (Please Print) |  |   |
|-----------------------------|--|--------|
|                             |  |        |
| Officer Signature |  |  |
|-------------------|--|--|
|                   |  |  |
| Date |  |  |
|------|--|--|

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| Officer Name (Please Print) |  |   |
|-----------------------------|--|--------|
|                             |  |   |
| Officer Signature |  |  |
|-------------------|--|--|
|                   |  |  |
| Date |  |   |
|------|--|--------|

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