W-8 (OR APPLICABLE SUCCESSOR FORM) IN THE CASE OF A PERSON
THAT IS NOT A "UNITED STATES PERSON" WITHIN THE MEANING OF SECTION 7701(a)(30)
OF THE CODE) MAY RESULT IN WITHHOLDING FROM PAYMENTS IN RESPECT OF SUCH NOTE,
INCLUDING U.S. FEDERAL WITHHOLDING OR BACK-UP WITHHOLDING.
A-1-3
EACH HOLDER OF THIS NOTE (AND ANY INTEREST THEREIN) AGREES TO PROVIDE THE ISSUER
AND ANY RELEVANT INTERMEDIARY WITH ANY INFORMATION OR DOCUMENTATION THAT IS
REQUIRED UNDER SECTIONS 1471 THROUGH 1474 OF THE CODE OR THAT THE ISSUER OR
RELEVANT INTERMEDIARY DEEMS APPROPRIATE TO ENABLE THE ISSUER OR RELEVANT
INTERMEDIARY TO DETERMINE THEIR DUTIES AND LIABILITIES WITH RESPECT TO ANY TAXES
THEY MAY BE REQUIRED TO WITHHOLD PURSUANT TO SUCH CODE SECTIONS IN RESPECT OF
SUCH NOTE OR THE HOLDER OF SUCH NOTE OR BENEFICIAL INTEREST THEREIN. IN
ADDITION, EACH PURCHASER AND SUBSEQUENT TRANSFEREE OF THIS NOTE WILL BE REQUIRED
OR DEEMED TO UNDERSTAND AND ACKNOWLEDGE THAT THE ISSUER HAS THE RIGHT UNDER THE
INDENTURE TO WITHHOLD ON ANY HOLDER OR ANY BENEFICIAL OWNER OF AN INTEREST IN A
NOTE THAT FAILS TO COMPLY WITH THE REQUIREMENTS OF SECTIONS 1471 THROUGH 1474 OF
THE CODE.
EACH HOLDER OF THIS NOTE (AND ANY INTEREST THEREIN) THAT IS NOT A "UNITED STATES
PERSON" (AS DEFINED IN SECTION 7701(a)(30) OF THE CODE) WILL MAKE, OR BY
ACQUIRING THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO MAKE, A
REPRESENTATION TO THE EFFECT THAT (I) EITHER (A) IT IS NOT A BANK (OR AN ENTITY
AFFILIATED WITH A BANK) EXTENDING CREDIT PURSUANT TO A LOAN AGREEMENT ENTERED
INTO IN THE ORDINARY COURSE OF ITS TRADE OR BUSINESS (WITHIN THE MEANING OF
SECTION 881(c)(3)(A) OF THE CODE), (B) IT IS A PERSON THAT IS ELIGIBLE FOR
BENEFITS UNDER AN INCOME TAX TREATY WITH THE UNITED STATES THAT ELIMINATES U.S.
FEDERAL INCOME TAXATION OF U.S. SOURCE INTEREST NOT ATTRIBUTABLE TO A PERMANENT
ESTABLISHMENT IN THE UNITED STATES, OR (C) IT HAS PROVIDED AN INTERNAL REVENUE
SERVICE FORM W-8ECI REPRESENTING THAT ALL PAYMENTS RECEIVED OR TO BE RECEIVED BY
IT ON THE NOTES ARE EFFECTIVELY CONNECTED WITH THE CONDUCT OF A TRADE OR
BUSINESS IN THE UNITED STATES, AND (II) IT IS NOT PURCHASING THIS NOTE OR AN
INTEREST IN THIS NOTE IN ORDER TO REDUCE ITS U.S. FEDERAL INCOME TAX LIABILITY
PURSUANT TO A TAX AVOIDANCE PLAN.
[THIS NOTE HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT ("OID") FOR UNITED
STATES FEDERAL INCOME TAX PURPOSES. THE ISSUE PRICE, AMOUNT OF OID, ISSUE DATE
AND YIELD TO MATURITY OF THIS NOTE MAY BE OBTAINED BY WRITING TO THE ISSUER.]2
2 Insert into Class C Notes.
A-1-4
GOLUB CAPITAL BDC CLO 2014 LLC
[RULE 144A][TEMPORARY][REGULATION S] GLOBAL NOTE
representing
CLASS [A-1][A-2]][B][C] SENIOR SECURED [DEFERRABLE] FLOATING RATE NOTES DUE 2026
[R][S]-1
CUSIP No.:
[_] Up to U.S.$[_]
ISIN: [_]
[Common Code: [_]]
GOLUB CAPITAL BDC CLO 2014 LLC, a limited liability company organized under the
laws of the State of Delaware (the "Issuer"), for value received, hereby
promises to pay to