Document:

Exhibit 10.3

 

LOAN SALE AGREEMENT

 

between

 

OWL ROCK CAPITAL CORPORATION

 

as Seller

 

and

 

OWL ROCK CLO VI, LTD.

 

as Purchaser

 

Dated as of May 5, 2021

 

     

     

    

 

Table
of Contents

 

	 	Page

 

	Article I DEFINITIONS	1
	Section
    1.1 Definitions	1
	Section
    1.2 Other Terms	3
	Section
    1.3 Computation of Time Periods	3
	Section
    1.4 Interpretation	3
	Section
    1.5 References	4
	Article II CONVEYANCES OF Transferred ASSETS	4
	Section
    2.1 Conveyances	4
	Section
    2.2 Optional Substitution of Loan Assets; Optional Seller Purchase of Assets	6
	Section
    2.3 Assignments	6
	Section
    2.4 Actions Pending Completion of Conveyance	7
	Section
    2.5 Indemnification	8
	Section
    2.6 Assignment of Rights and Indemnities	8
	Article III CONSIDERATION AND PAYMENT	8
	Section
    3.1 Purchase Price; Substitution Value	8
	Section
    3.2 Payment of Purchase Price	9
	Article IV REPRESENTATIONS AND WARRANTIES	9
	Section
    4.1 Seller’s Representations and Warranties	9
	Section
    4.2 Reaffirmation of Representations and Warranties by the Seller; Notice of Breach	12
	Article V COVENANTS OF THE SELLER	12
	Section
    5.1 Covenants of the Seller	12
	Article VI MISCELLANEOUS PROVISIONS	13
	Section
    6.1 Amendments, Etc.	13
	Section
    6.2 Governing Law: Submission to Jurisdiction; Waiver of Jury Trial	14
	Section
    6.3 Notices	15
	Section
    6.4 Severability of Provisions	15
	Section
    6.5 Further Assurances	15
	Section
    6.6 No Waiver; Cumulative Remedies	15
	Section
    6.7 Counterparts	16

 

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TABLE OF CONTENTS

 (continued)

 

	Section
    6.8 Non-Petition	16
	Section
    6.9 Transfer of Seller’s Interest	16
	Section
    6.10 Binding Effect; Third-Party Beneficiaries and Assignability	16
	Section
    6.11 Merger and Integration	16
	Section
    6.12 Headings	16

 

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This
LOAN SALE AGREEMENT, dated as of May 5, 2021 (as amended, supplemented or otherwise modified and in effect from time to time,
this “Agreement”), between OWL ROCK CAPITAL CORPORATION, a Maryland corporation, as seller (in such capacity, the “Seller”)
and OWL ROCK CLO VI, LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, as purchaser
(in such capacity, the “Purchaser”).

 

WITNESSETH:

 

WHEREAS, on and after the date
hereof, the Seller may, from time to time on each Conveyance Date (as defined below), sell or contribute, transfer, and otherwise convey,
to the Purchaser, without recourse except to the extent specifically provided herein, and the Purchaser may, from time to time on each
Conveyance Date, purchase or accept a contribution of all right, title and interest of the Seller (whether now owned or hereafter acquired
or arising, and wherever located) in and to the Loan Assets (as defined below) mutually agreed by the Seller and the Purchaser; and

 

WHEREAS, it is the Seller’s
and the Purchaser’s intention that the conveyance of the Transferred Assets (as defined below) under each assignment agreement and
this Agreement is a “true sale” or a “true contribution” for all purposes, such that, upon payment of the purchase
price therefor or the making of a contribution, the Transferred Assets will constitute property of the Purchaser from and after the applicable
transfer date;

 

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed by and between the Purchaser
and the Seller as follows:

 

Article I

 

DEFINITIONS

 

Section 1.1
Definitions. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined). All capitalized terms used herein but not defined herein shall
have the respective meanings specified in, or incorporated by reference into, the Indenture and Security Agreement, dated as of May 5,
2021 (as amended, supplemented or otherwise modified and in effect from time to time, the “Indenture”), by and among
the Purchaser, as Issuer, Owl Rock CLO VI, LLC, as Co-Issuer, and State Street Bank and Trust Company, as trustee (in such capacity,
the “Trustee”).

 

“Agreement”
has the meaning set forth in the preamble hereto.

 

“Convey”
means to sell, transfer, assign, contribute, substitute or otherwise convey assets hereunder (each such conveyance being herein
called a “Conveyance”).

 

“Conveyance Date”
means the date of a Conveyance, as specified in the applicable Purchase Notice or Notice of Substitution.

 

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“Excluded Amounts”
means, with respect to the Loan Assets, (i) any amount that is attributable to the reimbursement of payment by or on behalf of the
Seller of any taxes, fee or other charge imposed by any governmental authority on any Loan Asset, (ii) any interest or fees (including
origination, agency, structuring, management or other up-front fees) that are for the account of the Seller, (iii) any escrows relating
to Taxes, insurance and other amounts in connection with Loan Assets which are held in an escrow account for the benefit of the obligor
and the secured party pursuant to escrow arrangements under the related underlying instruments, (iv) to the extent paid using amounts
other than proceeds of the Loan Assets and proceeds of Loans, as applicable, any amount paid in respect of reimbursement for expenses
owed in respect of any Loan Asset pursuant to the related underlying instrument or (v) any amount paid to the Purchaser in error.

 

“Indorsement”
has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

 

“Loan Asset”
means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

 

“Optional Seller Purchase”
has the meaning set forth in Section 2.2(a).

 

“Optional Seller Purchase
Price” has the meaning set forth in Section 3.1 (c).

 

“Proceeds”
has the meaning set forth in Section 4.1(n).

 

“Purchase Notice”
has the meaning set forth in Section 2.1(a).

 

“Purchase Price”
has the meaning set forth in Section 3.1(a).

 

“Purchaser”
has the meaning set forth in the preamble hereto.

 

“Related Property”
means, with respect to any Loan Asset, the property identified in clauses (i) – (iii) below, and all accounts, cash and
currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, general
intangibles, instruments, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, accessions,
proceeds and other property consisting of, arising out of, or related to any of the following (in each case, excluding the Retained Interest
and Excluded Amounts):

 

i. all monies due, to become
due or paid in respect of such Loan Asset, on and after the date hereof (other than accrued and unpaid interest due with respect to the
period prior to the date hereof), including but not limited to all collections on such Loan Asset, and other recoveries thereon, in each
case as they arise after the date hereof;

 

ii. any liens, security interests,
property or assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, including, without limitation,
Underlying Documents, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related obligor
or its subsidiaries; and

 

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iii. all income and proceeds
of the foregoing.

 

“Retained
Interest” means, with respect to any Loan Asset, (a) all of the obligations, if any, of the agent(s) under the documentation
evidencing such Loan Asset and (b) the applicable portion of the interests, rights and obligations under the documentation evidencing
such Loan Asset that relate to such portion(s) of the indebtedness and interest in other obligations that are owned by another lender.

 

“Seller”
has the meaning set forth in the preamble hereto.

 

“Substitute Loan Asset”
has the meaning set forth in Section 2.2(a).

 

“Substitution”
has the meaning set forth in Section 2.2(a).

 

“Substitution Value”
has the meaning set forth in Section 3.1(b).

 

“Transferred Asset”
means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller
to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude
the Retained Interest and the Excluded Amounts.

 

Section 1.2
Other Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted
accounting principles. All terms used in Article 9 of the UCC, and not specifically defined herein, are used herein as defined in
such Article 9.

 

Section 1.3
Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a period of time from a specified
date to a later specified date, the word “from” means “from and including” and the words “to” and
 “until” each means “to but excluding.”

 

Section 1.4
Interpretation. In this Agreement, unless a contrary intention appears:

 

(i)            reference
to any Person includes such Person’s successors and assigns;

 

(ii)           reference
to any gender includes each other gender;

 

(iii)          reference
to day or days without further qualification means calendar days;

 

(iv)          unless
otherwise stated, reference to any time means New York time;

 

(v)           references
to “writing” include printing, typing, lithography, electronic or other means of reproducing words in a visible form;

 

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(vi)          reference
to any agreement, document or instrument means such agreement, document or instrument as amended, modified, supplemented, replaced, restated,
waived or extended and in effect from time to time in accordance with the terms thereof and reference to any promissory note includes
any promissory note that is an extension or renewal thereof or a substitute or replacement therefor;

 

(vii)         reference
to any requirement of law means such requirement of law as amended, modified, codified, replaced or reenacted, in whole or in part, and
in effect from time to time, including rules and regulations promulgated thereunder and reference to any section or other provision
of any requirement of law means that provision of such requirement of law from time to time in effect and constituting the substantive
amendment, modification, codification, replacement or reenactment of such section or other provision; and

 

(viii)        references
to “including” mean “including, without limitation”.

 

Section 1.5
References.

 

All Section references
(including references to the Preamble), unless otherwise indicated, shall be to Sections (and the Preamble) in this Agreement.

 

Article II

 

CONVEYANCES
OF Transferred ASSETS

 

Section 2.1
Conveyances.

 

(a)            In
the event the Purchaser agrees (in accordance with and subject to the requirements of the Indenture) from time to time to acquire one
or more Loan Assets and Related Property from the Seller and the Seller agrees to Convey such Loan Assets and Related Property to the
Purchaser, the Purchaser shall deliver written notice thereof to the Trustee substantially in the form set forth in Schedule B hereto
(each, a “Purchase Notice”), designating the Conveyance Date and attaching a supplement to Schedule A identifying
the Loan Assets proposed to be Conveyed and the Purchase Price with respect to such Conveyance. On the terms and subject to the conditions
set forth in this Agreement and the Indenture, the Seller shall Convey to the Purchaser without recourse, and the Purchaser shall accept
such Conveyance, on the applicable Conveyance Date, all of the Seller’s right, title and interest (whether now owned or hereafter
acquired or arising, and wherever located) in and to each Loan Asset then reported by the Seller on the Schedule A attached to
the related Purchase Notice and the Related Property, together with all proceeds of the foregoing. For the avoidance of doubt, Schedule
A, when delivered in accordance with the terms hereof, shall automatically be deemed to update any previously delivered Schedule
A without the need for action or consent on the part of any Person. Without the need for a Purchase Notice, on the date hereof, the
Purchaser agrees to acquire the Loan Assets set forth on Schedule A and the Related Property from the Seller and the Seller agrees
to Convey such Loan Assets and Related Property to the Purchaser for the applicable Purchase Prices set forth on Schedule A.

 

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(b)            It
is the express intent of the Seller and the Purchaser that each Conveyance of Transferred Assets by the Seller to the Purchaser pursuant
to this Agreement be construed as an absolute sale and/or contribution of such Transferred Assets by the Seller to the Purchaser providing
Purchaser with the full risks and benefits of ownership of the Transferred Assets. Further, it is not the intention of the Seller and
the Purchaser that any Conveyance be deemed a grant of a security interest in the Transferred Assets by the Seller to the Purchaser to
secure a debt or other obligation of the Seller. However, in the event that, notwithstanding the intent of the parties expressed herein,
the Conveyances hereunder shall be characterized as loans and not as sales and/or contributions, then (i) this Agreement also shall
be deemed to be, and hereby is, a security agreement within the meaning of the UCC and other applicable law and (ii) the Conveyances
by the Seller provided for in this Agreement shall be deemed to be, and the Seller hereby grants to the Purchaser, a first priority security
interest (subject only to Permitted Liens) in, to and under all of the Seller’s right, title and interest in, to and under, whether
now owned or hereafter acquired, such Transferred Assets and all proceeds of the foregoing to secure an obligation of the Seller to pay
over and transfer to the Purchaser any and all distributions received by the Seller (other than Excluded Amounts) in relation to the
Transferred Assets from time to time, whether in cash or in kind, so that the Purchaser will receive all distributions under, proceeds
of and benefits of ownership of the Transferred Assets and to secure all other obligations of the Seller hereunder. If the Conveyances
hereunder shall be characterized as loans and not as sales and/or contributions, the Purchaser and its assignees shall have, with respect
to such Transferred Assets and other related rights, in addition to all the other rights and remedies available to the Purchaser and
its assignees hereunder and under the underlying instruments, all the rights and remedies of a secured party under any applicable UCC.

 

(c)            The
Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if
this Agreement were deemed to create a security interest in the Transferred Assets to secure a debt or other obligation, such security
interest would be deemed to be a first priority perfected security interest in favor of the Purchaser under applicable law and will be
maintained as such throughout the term of this Agreement. The Seller represents and warrants that the Transferred Assets are being transferred
with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code. The Purchaser
assumes all risk relating to nonpayment or failure by the obligors to make any distributions owed by them under the Transferred Assets.
Except with respect to the representations, warranties and covenants expressly stated in this Agreement, the Seller assigns each Transferred
Asset “as is,” and makes no covenants, representations or warranties regarding the Transferred Assets.

 

(d)            In
connection with this Agreement, the Seller agrees to file (or cause to be filed) on or prior to the Closing Date, at its own expense,
a financing statement or statements with respect to the Transferred Assets Conveyed by the Seller hereunder from time to time meeting
the requirements of applicable state law in the jurisdiction of the Seller’s organization to perfect and protect the interests
of the Purchaser created hereby under the UCC against all creditors of, and purchasers from, the Seller, and to deliver a file-stamped
copy of such financing statements or other evidence of such filings to the Purchaser as soon as reasonably practicable after its receipt
thereof and to keep such financing statements effective at all times during the term of this Agreement.

 

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(e)            The
Seller agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents and take all
actions as may be reasonably necessary or as the Purchaser may request, in order to perfect or protect the interest of the Purchaser
in the Transferred Assets Conveyed hereunder or to enable the Purchaser to exercise or enforce any of its rights hereunder. Without limiting
the foregoing, the Seller will, in order to accurately reflect the Conveyances contemplated by this Agreement, execute and file such
financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant hereto) or other documents or
instruments as may be reasonably necessary or as requested by the Purchaser and mark its records noting the Conveyance to the Purchaser
of the Transferred Assets. The Seller hereby authorizes the Purchaser to file and, to the fullest extent permitted by applicable law
the Purchaser shall be permitted to sign (if necessary) and file, initial financing statements, continuation statements and amendments
thereto and assignments thereof without further acts of the Seller; provided that the description of collateral contained in such
financing statements shall be limited to only Transferred Assets. Carbon, photographic or other reproduction of this Agreement or any
financing statement shall be sufficient as a financing statement.

 

(f)            Each
of the Seller and the Purchaser agree that prior to the time of Conveyance of any Loan Assets hereunder, the Purchaser has no rights
to or claim of benefit from any Loan Asset (or any interest therein) owned by the Seller.

 

(g)            The
Transferred Assets acquired, transferred to and assumed by the Purchaser from the Seller shall include the Seller’s entitlement
to any surplus or responsibility for any deficiency that, in either case, arises under, out of, in connection with, or as a result of,
the foreclosure upon or acceleration of any such Transferred Assets (other than Excluded Amounts).

 

Section 2.2
Optional Substitution of Loan Assets; Optional Seller Purchase of Assets.

 

(a)            The
Seller may, from time to time in its sole discretion and with the agreement of the Purchaser, substitute for any Collateral Obligation
(each, a “Substitution” and such new Collateral Obligation, a “Substitute Loan Asset”) in accordance
with and subject to the requirements of the Indenture, including Section 12.3 thereof.

 

(b)            The
Seller may, from time to time in its sole discretion and with the agreement of the Purchaser, purchase from the Purchaser any Collateral
Obligation or Equity Security in accordance with and subject to the requirements of the Indenture, including Section 12.3 thereof,
in which case, the purchase price for such Collateral Obligation or Equity Security shall be a dollar amount at least equal to the Fair
Market Value (or such other price required under the Indenture) and, if such asset is a Loan Asset, the Seller shall update Schedule A
to remove such asset effective as of the date such asset is conveyed to the Seller.

 

Section 2.3
Assignments. The Seller and the Purchaser acknowledge and agree that, solely for administrative convenience, any transfer
document or assignment agreement required to be executed and delivered in connection with the transfer of a Transferred Asset in accordance
with the terms of the related underlying instruments may reflect that (a) the Seller (or any Affiliate or third party from whom
the Seller or the applicable Affiliate may purchase Transferred Assets) is assigning such Transferred Asset directly to the Purchaser
or (b) the Purchaser is acquiring such Transferred Asset at the closing of such Transferred Asset.

 

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Section 2.4
Actions Pending Completion of Conveyance.

 

(a)            Pending
the receipt of any required consents to, and the effectiveness of, the sale of any Loan Assets from the Seller to the Purchaser on the
date hereof in accordance with the applicable underlying instrument, the Seller hereby sells to the Purchaser a 100% participation in
such Loan Asset and its related right, title and interest (each, a “Participation”). The Participations will not include
any rights that are not permitted to be participated pursuant to the terms of the underlying instruments. Such sale of the Participations
shall be without recourse to the Seller (including with regard to collectability), and shall constitute an absolute sale of each such
Participation. Each of the Participations has the following characteristics:

 

(i)            the
Participation represents an undivided participating interest in 100% of the underlying Loan Asset and its proceeds (including the Proceeds);

 

(ii)           the
Seller does not provide any guaranty of payments to the Purchaser or other form of recourse (except as otherwise expressly provided in
the representations and warranties set forth in Article IV) or credit support;

 

(iii)          the
Participation represents a pass through of all of the payments made on the Loan Asset (including the Proceeds) and will last for the
same length of time as such Loan Asset except that each Participation will terminate automatically upon the settlement of the assignment
of the underlying right, title and interest of the related Loan Asset from the Seller to the Purchaser; and

 

(iv)          the
Seller holds title in such participated Loan Assets for the benefit of the Purchaser and shall exercise the same care in the administration
of the participated Loan Assets as it would exercise for loans held for its own account.

 

(b)            Each
party hereto shall use commercially reasonable efforts to, as soon as reasonably practicable after the Conveyance Date cause the Purchaser
to become a lender under the underlying instrument with respect to the Seller’s interest in each Transferred Asset and take such
action as shall be mutually agreeable in connection therewith and in accordance with the terms and conditions of the underlying instrument
and consistent with the terms of this Agreement.

 

(c)            Pending
completion of the assignment of the Seller’s interest in each Transferred Asset in accordance with the applicable underlying instruments,
to the extent feasible under the applicable law, the Seller shall comply with any written instructions provided to the Seller by or on
behalf of the Purchaser with respect to voting rights to be exercised by holders of such Transferred Assets and shall refrain from taking
any action with respect to the participated Loan Assets other than as instructed by the Purchaser, other than with respect to any voting
rights that are not permitted to be participated pursuant to the terms of the applicable underlying instrument (and such restrictions,
requirements or prohibitions are hereby incorporated by reference as if set forth herein).

 

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Section 2.5
Indemnification.

 

(a)            The
Seller hereby agrees to indemnify the Purchaser and its successors, transferees, and assigns (including each Secured Party) or any of
such Person’s respective shareholders, officers, employees, agents or Affiliates (each of the foregoing Persons being individually
called an “Indemnified Party”) against, and hold each Indemnified Party harmless from, any and all costs, losses,
claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements
of any outside counsel for any Indemnitee) (all of the foregoing being collectively called “Indemnified Amounts”)
incurred by any Indemnified Party or awarded against any Indemnified Party in favor of any Person (including the Seller) other than such
Indemnified Party arising out of the fraud, bad faith or willful misconduct on the part of the Seller with respect to this Agreement;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such Indemnified Amounts (i) are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the fraud, bad faith or willful
misconduct of such Indemnified Party or (ii) the uncollectability of any Loan Asset due to an Obligor’s failure to pay any
amounts due under the applicable loan agreement in accordance with its terms.

 

(b)            If
the Seller has made any payment pursuant to this Section 2.5 and the recipient thereof later collects any payments from others
(including insurance companies) in respect of such amounts or is found in a final and nonappealable judgment by a court of competent jurisdiction
not to be entitled to such indemnification, then the recipient agrees that it shall promptly repay to the Seller such amounts collected.

 

Section 2.6
Assignment of Rights and Indemnities. The Seller acknowledges that, pursuant to the Indenture, the Purchaser shall assign
all of its right, title and interest in, to and under this Agreement, including its rights of indemnity granted hereunder, to the Trustee,
for the benefit of the Secured Parties. Upon such assignment, (a) the Trustee, for the benefit of the Secured Parties, shall have
all rights of the Purchaser hereunder and may in turn assign such rights, and (b) the obligations of the Seller under Section 2.5
and Section 2.6 shall inure to the Trustee, for the benefit of the Secured Parties. The Seller agrees that, upon such
assignment, the Trustee, for the benefit of the Secured Parties, may enforce directly, without joinder of the Purchaser, the indemnities
set forth in Section 2.5 and Section 2.6.

 

Article III

 

CONSIDERATION
AND PAYMENT

 

Section 3.1
Purchase Price; Substitution Value.

 

(a)            The
purchase price (the “Purchase Price”) for each Loan Asset Conveyed by the Seller to the Purchaser on each Conveyance
Date shall be a dollar amount at least equal to the Fair Market Value of such Loan Asset Conveyed as of such date.

 

(b)            The
substitution value (the “Substitution Value”) for each Substitute Loan Asset Conveyed from the Seller to the Purchaser
on each Conveyance Date shall be a dollar amount at least equal to the Fair Market Value (or such greater price as may be required under
the Indenture).

 

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Section 3.2
Payment of Purchase Price. The Purchase Price, along with any fees from origination of the applicable Loan Asset, for the
Transferred Assets Conveyed from the Seller to the Purchaser shall be paid on the related Conveyance Date (a) by payment in cash
in immediately available funds and/or (b) to the extent not paid in cash, as a capital contribution by the Seller to the Purchaser
in respect of the preferred shares of the Purchaser held by the Seller (a “Contribution”).  The applicable Purchase
Notice shall specify the portions of the Purchase Price to be paid in cash and as a contribution; provided that, on the Closing
Date, the portions of the Purchase Price to be paid in cash and as a contribution will be as set forth on Schedule A.

 

Article IV

 

REPRESENTATIONS
AND WARRANTIES

 

Section 4.1
Seller’s Representations and Warranties. The Seller represents and warrants to the Purchaser as of the Closing Date
and as of each Conveyance Date:

 

(a)            Existence,
Qualification and Power. The Seller (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction
of organization, (ii) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted
and as proposed to be conducted, to enter into this Agreement and to carry out the transactions contemplated thereby and (iii) is
qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its
business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be
reasonably expected to have, a material adverse effect on the Purchaser.

 

(b)           Authorization;
No Contravention. The execution, delivery and performance of the Seller and the consummation of the transactions contemplated by
this Agreement do not and will not (i) violate (1) any provision of any law or any governmental rule or regulation applicable
to it, (2) any of its organizational documents or (3) any order, judgment or decree of any court or other agency of government
binding on it or its properties (except where the violation could not reasonably be expected to have a material adverse effect on the
Purchaser); (ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any
of its contractual obligations (except where the violation could not reasonably be expected to have a material adverse effect on the
Purchaser); (iii) result in or require the creation or imposition of any Lien upon any of its properties or assets (other than any
Liens created under the Indenture in favor of the Trustee for the benefit of the Secured Parties); or (iv) require any approval
of its stockholders, members or partners or any approval or consent of any other Person.

 

(c)            Governmental
Authorization; Other Consents. The execution, delivery and performance by the Seller and the consummation of the transactions contemplated
by this Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or
by, any governmental authority, except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to
the Trustee for filing and/or recordation, as of the Closing Date.

 

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(d)            No
Adverse Proceeding; Title. There is no litigation, adverse proceeding or investigation pending or threatened against the Seller,
before any governmental authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation
of any of the transactions contemplated by this Agreement or (iii) seeking any determination or ruling that would reasonably be
expected to have a material adverse effect on the Purchaser. The Seller is not (A) in violation of any applicable laws that, individually
or in the aggregate, could reasonably be expected to have a material adverse effect on the Purchaser or (B) subject to or in default
with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal
or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in
the aggregate, could reasonably be expected to have a material adverse effect on the Purchaser.

 

(e)            Good
and Marketable Title. The Seller owns and has good and marketable title to the Transferred Assets Conveyed to the Purchaser on the
applicable Conveyance Date, which Transferred Assets were originated without any fraud or misrepresentation by the Seller or, to the
best of the Seller’s knowledge, on the part of the applicable Obligor, and free and clear of any lien (other than the liens in
favor of the Trustee for the benefit of the Secured Parties pursuant to the Indenture and inchoate liens arising by operation of law,
Permitted Liens or any lien that will be released prior to or contemporaneously with the applicable Conveyance) and there are no financing
statements naming the Seller as debtor and covering the Transferred Assets other than any financing statements in favor of the Trustee
for the benefit of the Secured Parties pursuant to the Indenture, Permitted Liens or any lien that will be released prior to or contemporaneously
with the applicable Conveyance.

 

(f)             Backup
Security Interest. In the event that, notwithstanding the intent of the parties, the Conveyances hereunder shall be characterized
as loans and not as sales and/or contributions, then:

 

(i)            this
Agreement creates a valid and continuing lien and security interest on the Seller’s right, title and interest in and to the Transferred
Assets in favor of the Purchaser and the Trustee, as assignee, for the benefit of the Secured Parties, which security interest is validly
perfected under Article 9 of the UCC (to the extent such security interest may be perfected by filing a UCC financing statement under
such article), and is enforceable as such against creditors of and purchasers from the Seller;

 

(ii)           the
Transferred Assets are comprised of interests in instruments, security entitlements, general intangibles, accounts, certificated securities,
uncertificated securities, securities accounts, deposit accounts, supporting obligations, insurance, investment property and proceeds
(each as defined in the UCC) and such other categories of collateral under the UCC as to which the Seller has complied with its obligations
as set forth herein;

 

(iii)          the
Seller has received all consents and approvals required by the terms of any Loan Asset to the sale and granting of a security interest
in the Loan Assets hereunder to the Purchaser and the Trustee, as assignee on behalf of the Secured Parties; the Seller has taken all
necessary steps to file or authorize the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the security interest in that portion of the Transferred Assets in which a security
interest may be perfected by filing pursuant to Article 9 of the UCC as in effect in Maryland;

 

    -10-

     

    

 

(iv)         none
of the underlying promissory notes that constitute or evidence the Loan Assets has any marks or notations indicating that they have been
pledged, assigned or otherwise conveyed to any Person other than the Purchaser and the Trustee, as assignee on behalf of the Secured
Parties; and

 

(v)          with
respect to a Transferred Asset that constitutes a “certificated security,” such certificated security has been delivered to
the Trustee, or will be delivered to the Trustee, and, if in registered form, has been specially Indorsed to the Trustee or in blank by
an effective Indorsement or has been registered in the name of the Trustee upon original issue or registration of transfer by the Seller
of such certificated security, in each case, promptly upon receipt; provided that any file-stamped document, promissory note and
certificates relating to any Loan Asset shall be delivered as soon as they are reasonably available; and in the case of an uncertificated
security, by (A) causing the Trustee to become the registered owner of such uncertificated security and (B) causing such registration
to remain effective.

 

(g)            Fair
Consideration; No Avoidance for Loan Asset Payments. With respect to each Transferred Asset sold or contributed hereunder, the Seller
sold or contributed such Transferred Asset to the Purchaser in exchange for payment, made in accordance with the provisions of this Agreement,
in an amount which constitutes fair consideration and reasonably equivalent value. Each such Conveyance referred to in the preceding sentence
shall not have been made for or on account of an antecedent debt owed by the Seller to the Purchaser and, accordingly, no such sale is
or may be voidable or subject to avoidance under the Bankruptcy Code and the rules and regulations thereunder.

 

(h)            Adequate
Capitalization; No Insolvency. As of such date it is, and after giving effect to any Conveyance it will be, solvent and it is not
entering into this Agreement or consummating any transaction contemplated hereby with any intent to hinder, delay or defraud any of its
creditors.

 

(i)             True
Sale or True Contribution. Each Transferred Asset sold or contributed hereunder shall have been sold or contributed by the Seller
to the Purchaser in a “true sale” or a “true contribution.”

 

(j)             Notice
to Agents and Obligors. The Seller will direct any agent, administrative agent or obligor for any Loan Asset included in the Transferred
Assets to remit all payments and collections with respect to such Loan Asset directly to the relevant Collection Account.

 

    -11-

     

    

 

(k)            Proceeds.
The Seller acknowledges that all Collections received by it or its Affiliates with respect to the Transferred Assets (other than Excluded
Amounts) (the “Proceeds”) Conveyed to the Purchaser are held and shall be held in trust for the benefit of the
Purchaser and its assignees until deposited into the Interest Collection Subaccount or the Principal Collection Subaccount. The Seller
shall promptly remit to the Purchaser or the Purchaser’s designee any payment or any other sums relating to, or otherwise payable
on account of, the Transferred Assets (other than Excluded Amounts) that the Seller receives after the applicable Conveyance Date.

 

Section 4.2
Reaffirmation of Representations and Warranties by the Seller; Notice of Breach. On the Closing Date and on each Conveyance
Date, the Seller, by accepting the proceeds of the related Conveyance, shall be deemed to have certified that all representations and
warranties described in Section 4.1 are true and correct in all material respects on and as of such day as though made on
and as of such day (or if specifically referring to an earlier date, as of such earlier date). The representations and warranties set
forth in Section 4.1 shall survive (a) the Conveyance of the Transferred Assets to the Purchaser, (b) the termination
of the rights and obligations of the Purchaser and the Seller under this Agreement and (c) the termination of the rights and obligations
of the Purchaser under the Indenture. Upon discovery by a Responsible Officer of the Purchaser or the Seller of a breach of any of the
foregoing representations and warranties in any material respect, the party discovering such breach shall give prompt written notice
to the other and to the Trustee.

 

Article V

 

COVENANTS
OF THE SELLER

 

Section 5.1
Covenants of the Seller. The Seller hereby covenants and agrees with the Purchaser that, from the date hereof until the
termination of this Agreement, unless the Purchaser otherwise consents in writing:

 

(a)            Deposit
of Collections. The Seller shall transfer, or cause to be transferred, all Collections (if any) it receives in respect of the Loan
Assets (other than Excluded Amounts) to the Trustee promptly following the date such Collections are received by the Seller.

 

(b)            Books
and Records. The Seller shall maintain proper books of record and account of the transactions contemplated hereby, in which full,
true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions contemplated hereunder.

 

(c)            Accounting
of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated
hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that
solely for federal income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the Seller and, therefore,
the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

 

    -12-

     

    

 

(d)            Liens.
The Seller shall not create, incur, assume or permit to exist any Lien on or with respect to any of its rights in the Transferred Assets
(other than the liens in favor of the Trustee for the benefit of the Secured Parties pursuant to the Indenture, Permitted Liens and any
lien that will be released prior to or contemporaneously with the applicable Conveyance). For the avoidance of doubt, this Section 5.1(d) shall
not apply to any property retained by the Seller and not Conveyed or purported to be Conveyed hereunder.

 

(e)            Change
of Name, Etc. The Seller shall not change its name, or name under which it does business, in any manner that would make any financing
statement or continuation statement filed by the Seller or Purchaser pursuant hereto (or by the Trustee on behalf of the Seller or Purchaser)
or change its jurisdiction of organization, unless the Seller shall have given the Purchaser at least 30 days prior written notice thereof,
and shall promptly file appropriate amendments to all previously filed financing statements and continuation statements and, in the case
of a change in jurisdiction, new financing statements. The Seller shall do or cause to be done, all things necessary to preserve and
keep in full force and effect its existence, its material rights and its material privileges, obligations, licenses and franchises for
so long as any Participations remain outstanding pursuant to Section 2.4.

 

(f)            Sale
Characterization. The Seller shall not make statements or disclosures, or treat the transactions contemplated by this Agreement (other
than for consolidated accounting purposes) in any manner other than as a true sale, contribution or absolute assignment of the title to
and sole record and beneficial ownership interest of the Transferred Assets Conveyed or purported to be Conveyed hereunder; provided
that the Seller may consolidate the Purchaser and/or its properties and other assets for accounting purposes in accordance with GAAP if
any consolidated financial statements of the Seller contain footnotes that the Transferred Assets have been sold or contributed to the
Purchaser.

 

(g)            Expenses.
The Seller shall pay its operating expenses and liabilities from its own assets.

 

(h)            Commingling.
The Seller shall not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute
Collections of any Loan Asset into the Interest Collection Subaccount or the Principal Collection Subaccount.

 

(i)             SPE
Covenant. The Seller shall not take any action that would cause a violation of Section 7.4 of the Indenture by the Purchaser.

 

Article VI

 

MISCELLANEOUS
PROVISIONS

 

Section 6.1
Amendments, Etc. This Agreement and the rights and obligations of the parties hereunder may not be amended, supplemented,
waived or otherwise modified except in an instrument in writing signed by the Purchaser and the Seller and permitted under the Indenture;
provided that the prior written consent of a Majority of the Controlling Class is required with respect to any amendments or modifications
that could have a Material Adverse Effect on the Holders of the Notes. Any reconveyance executed in accordance with the provisions hereof
shall not be considered an amendment or modification to this Agreement.

 

    -13-

     

    

 

Section 6.2
Governing Law: Submission to Jurisdiction; Waiver of Jury Trial.

 

(a)            THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING
OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT
IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 

(b)            ALL
JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO, OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY
FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN OR, IF THAT COURT DOES NOT HAVE SUBJECT MATTER
JURISDICTION, IN ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY,
FOR ITSELF, IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY AND TO THE FULLEST EXTENT IT IS LEGALLY PERMITTED TO DO SO (A) ACCEPTS
GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;
(C) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL,
RETURN RECEIPT REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 6.3 AND (D) AGREES
THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH
PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT.

 

(c)            EACH
OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
HEREUNDER OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR THE PURCHASER/SELLER RELATIONSHIP THAT IS
BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY
COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND
ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS
RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS
WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS
IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SECTION 6.2 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT
AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER.
IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

    -14-

     

    

 

Section 6.3
Notices. All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing
(including electronic communication) and shall be personally delivered or sent by certified or registered mail (return receipt requested),
by overnight delivery service (with all charges paid), by electronic mail (“e-mail”) or by hand delivery, to the intended
party at the address of such party set forth below:

 

(a)            in
the case of the Purchaser, as provided under the Indenture;

 

(b)            in
the case of the Seller:

 

OWL ROCK CAPITAL CORPORATION

399 Park Avenue, Floor 38

New York, NY 10022

Attention: Alan Kirshenbaum

E-mail Address: alan@owlrock.com with
a copy to legal@owlrock.com

 

All such notices and correspondence shall be deemed
given (a) if sent by certified or registered mail, three (3) Business Days after being postmarked, (b) if sent by overnight
delivery service or by hand delivery, when received at the above stated addresses or when delivery is refused and (c) if sent by
e-mail, when received.

 

Section 6.4
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
for any reason whatsoever be held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining
covenants, agreements, provisions, or terms of this Agreement and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.

 

Section 6.5
Further Assurances. The Purchaser and the Seller each agree that at any time and from time to time, at its expense and
upon reasonable request of the Trustee, it shall promptly execute and deliver all further instruments and documents, and take all reasonable
further action, that is necessary or desirable to perfect and protect the Conveyances and security interests granted or purported to
be granted by this Agreement or to enable the Trustee or any of the Secured Parties to exercise and enforce its rights and remedies under
this Agreement with respect to any Transferred Assets.

 

Section 6.6
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Purchaser, the Seller
or the Trustee, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise
of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights,
remedies, powers and privilege provided by law.

 

    -15-

     

    

 

Section 6.7
Counterparts. This Agreement may be executed in two or more counterparts including telecopy transmission thereof (and by
different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the
same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or e-mail in portable document
format (.pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. The parties agree that this Agreement
may be electronically signed and that such electronic signatures appearing on the Agreement are the same as handwritten signatures for
purposes of validity, enforceability and admissibility.

 

Section 6.8
Non-Petition. The Seller covenants and agrees that, prior to the date that is one year (or, if longer, any applicable preference
period) and one day after the payment in full of all Notes (other than contingent reimbursement and indemnification obligations which
are unknown, unmatured and for which no claim has been made), no party hereto shall institute against, or join any other Person in instituting
against, the Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings
under any federal, state or foreign bankruptcy or similar law. This Section 6.8 shall survive termination of the Agreement.

 

Section 6.9
Transfer of Seller’s Interest. With respect to each transfer of a Transferred Asset on any Conveyance Date, (a) the
Purchaser shall, as to each Transferred Asset, be a party to the relevant underlying instruments and have the rights and obligations
of a lender thereunder, and (b) the Seller shall, to the extent provided in this Agreement, and the applicable underlying instruments,
relinquish its rights and be released from its obligations, as to each Transferred Asset. The obligors or agents on the Transferred Asset
were or will be notified of the transfer of the Transferred Asset to the Purchaser to the extent required under the applicable underlying
instruments. The Trustee will have possession of the related underlying instrument (including the underlying promissory notes, if any).

 

Section 6.10
Binding Effect; Third-Party Beneficiaries and Assignability. This Agreement will inure to the benefit of and be binding
upon the parties hereto and their respective successors and permitted assigns. The Trustee, for the benefit of the Secured Parties, and
the Trustee are each intended by the parties hereto to be an express third-party beneficiary of this Agreement. Notwithstanding anything
to the contrary contained herein, this Agreement may not be assigned by the Purchaser or the Seller without the prior written consent
of the Trustee.

 

Section 6.11
Merger and Integration. Except as specifically stated otherwise herein, this Agreement sets forth the entire understanding
of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement.

 

Section 6.12
Headings. The headings herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation
of any provision hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    -16-

     

    

 

IN WITNESS WHEREOF, the Purchaser
and the Seller each have caused this Loan Sale Agreement to be duly executed by their respective officers as of the day and year first
above written.

 

	 	OWL ROCK CAPITAL CORPORATION,

as Seller
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	OWL ROCK CLO VI, LTD.,

as Purchaser
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to the Loan Sale Agreement]

 

    

     

    

 

Schedule A

 

SCHEDULE
OF LOAN ASSETS

 

[see attached]

 

     

     

    

 

	ORCC Asset Purchase and Contribution May 5, 2021	 
	Company	 	Facility	 	Purchased

Par
	 	 	Purchase

Price (%)	 	 	Purchase Price

(total $)	 	 	Purchase Price

(contribution)	 	 	Purchase Price

(cash)	 
	ABB/Con-cise Optical Group LLC	 	Initial Term Loan (First Lien)	 	$	8,000,000.00	 	 	 	95.00	%	 	$	7,600,000.00	 	 	$	7,600,000.00	 	 	$	0.00	 
	Access CIG, LLC	 	Initial Loan (Second Lien)	 	$	1,500,000.00	 	 	 	98.75	%	 	$	1,481,250.00	 	 	$	1,481,250.00	 	 	$	0.00	 
	Amspec Services Inc.	 	Term Loan	 	$	10,150,000.00	 	 	 	98.25	%	 	$	9,972,375.00	 	 	$	9,972,375.00	 	 	$	0.00	 
	GC Agile Holdings Limited (dba Apex Fund Services)	 	Tranche A Term Loan	 	$	2,500,000.00	 	 	 	98.75	%	 	$	2,468,750.00	 	 	$	2,468,750.00	 	 	$	0.00	 
	AxiomSL Group, Inc.	 	Initial Term Loan	 	$	5,000,000.00	 	 	 	99.50	%	 	$	4,975,000.00	 	 	$	4,975,000.00	 	 	$	0.00	 
	IQN Holding Corp. (dba Beeline)	 	Initial Term Loan	 	$	6,988,161.21	 	 	 	99.50	%	 	$	6,953,220.40	 	 	$	6,953,220.40	 	 	$	0.00	 
	BIG Buyer, LLC	 	Initial Term Loan	 	$	9,000,000.00	 	 	 	99.75	%	 	$	8,977,500.00	 	 	$	8,977,500.00	 	 	$	0.00	 
	Bracket Intermediate Holding Corp.	 	Initial Term Loan (Second Lien)	 	$	1,500,000.00	 	 	 	98.75	%	 	$	1,481,250.00	 	 	$	1,481,250.00	 	 	$	0.00	 
	GI CCLS Acquisition LLC (fka GI Chill Acquisition LLC)	 	Initial Term Loan (Second Lien)	 	$	1,500,000.00	 	 	 	99.25	%	 	$	1,488,750.00	 	 	$	1,488,750.00	 	 	$	0.00	 
	Corza Health	 	Initial Term Loan	 	$	14,809,125.24	 	 	 	98.20	%	 	$	14,542,560.99	 	 	$	14,542,560.99	 	 	$	0.00	 
	Definitive Healthcare Holdings, LLC	 	Initial Term Loan	 	$	10,000,000.00	 	 	 	99.50	%	 	$	9,950,000.00	 	 	$	9,950,000.00	 	 	$	0.00	 
	Trader Interactive, LLC (fka Dominion Web Solutions, LLC)	 	Initial Term Loan	 	$	5,088,859.59	 	 	 	99.50	%	 	$	5,063,415.29	 	 	$	5,063,415.29	 	 	$	0.00	 
	Granicus	 	Closing Date Term Loan	 	$	4,846,240.49	 	 	 	97.75	%	 	$	4,737,200.08	 	 	$	4,737,200.08	 	 	$	0.00	 
	H-Food Holdings, LLC	 	Initial Term Loan (Second Lien)	 	$	366,666.00	 	 	 	100.00	%	 	$	366,666.00	 	 	$	366,666.00	 	 	$	0.00	 
	Hercules Borrower LLC	 	Initial Term Loan	 	$	15,900,000.00	 	 	 	99.00	%	 	$	15,741,000.00	 	 	$	15,741,000.00	 	 	$	0.00	 
	THG Acquisition, LLC (dba Hilb)	 	2020 Term Facility	 	$	11,900,000.00	 	 	 	98.75	%	 	$	11,751,250.00	 	 	$	11,751,250.00	 	 	$	0.00	 
	HGH Purchaser, Inc. (dba Horizon Services)	 	Initial Term Loan	 	$	15,900,000.00	 	 	 	98.00	%	 	$	15,582,000.00	 	 	$	15,582,000.00	 	 	$	0.00	 
	Hyland Software, Inc.	 	Initial Loan (Second Lien)	 	$	1,500,000.00	 	 	 	100.00	%	 	$	1,500,000.00	 	 	$	1,500,000.00	 	 	$	0.00	 
	Ideal Tridon Holdings, Inc.	 	Initial Term Loan	 	$	6,914,554.75	 	 	 	99.00	%	 	$	6,845,409.21	 	 	$	6,845,409.21	 	 	$	0.00	 
	Reef Global, Inc. (fka Cheese Acquisition, LLC)	 	Initial Tranche 2 Term Loan	 	$	2,569,853.68	 	 	 	95.50	%	 	$	2,454,210.26	 	 	$	2,454,210.26	 	 	$	0.00	 
	Intelerad Medical Systems Incorporated	 	Term Loan	 	$	11,000,000.00	 	 	 	99.00	%	 	$	10,890,000.00	 	 	$	3,843,192.77	 	 	$	7,046,807.23	 
	Litera Bidco LLC	 	Term Loan	 	$	8,000,000.00	 	 	 	99.75	%	 	$	7,980,000.00	 	 	$	0.00	 	 	$	7,980,000.00	 
	Lytx, Inc.	 	Initial Term Loan (2020)	 	$	2,075,190.85	 	 	 	98.75	%	 	$	2,049,250.96	 	 	$	0.00	 	 	$	2,049,250.96	 
	Nelipak Holding Company	 	Initial U.S. Dollar Term Loan (First Lien)	 	$	0.00	 	 	 	97.50	%	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 
	Nelipak Holding Company	 	Initial USD Term Loan (Second Lien)	 	$	1,000,000.00	 	 	 	97.50	%	 	$	975,000.00	 	 	$	0.00	 	 	$	975,000.00	 
	Nutraceutical International Corporation	 	Initial Term Loan	 	$	11,900,000.00	 	 	 	99.50	%	 	$	11,840,500.00	 	 	$	0.00	 	 	$	11,840,500.00	 
	Peter C. Foy & Associated Insurance Services, LLC	 	Initial Term Loan	 	$	10,000,000.00	 	 	 	100.00	%	 	$	10,000,000.00	 	 	$	0.00	 	 	$	10,000,000.00	 
	Project Power Buyer, LLC (dba PEC-Veriforce)	 	Term Loan	 	$	11,900,000.00	 	 	 	99.50	%	 	$	11,840,500.00	 	 	$	0.00	 	 	$	11,840,500.00	 
	Refresh Parent Holdings, Inc.	 	Initial Term Loan	 	$	10,000,000.00	 	 	 	99.00	%	 	$	9,900,000.00	 	 	$	0.00	 	 	$	9,900,000.00	 
	Shearer's Foods, LLC	 	Term Loan (Second Lien)	 	$	2,250,000.00	 	 	 	99.75	%	 	$	2,244,375.00	 	 	$	0.00	 	 	$	2,244,375.00	 
	Vestcom Parent Holdings, Inc.	 	Initial Term Loan (Second Lien)	 	$	1,500,000.00	 	 	 	100.00	%	 	$	1,500,000.00	 	 	$	0.00	 	 	$	1,500,000.00	 
	Totals	 	 	 	$	205,558,651.80	 	 	 	 	 	 	$	203,151,433.19	 	 	$	137,775,000.00	 	 	$	65,376,433.19	 

 

    

     

    

 

Schedule B

 

FORM OF
PURCHASE NOTICE

 

[Date]

 

	To:	State Street Bank and Trust Company
	 	as Trustee
	 	1 Iron Street
	 	Boston, Massachusetts 02210
	 	Attention: Structured Trust and Analytics
	 	 
	Re:	Purchase Notice for Conveyance Date of [ ] (the “Conveyance Date”)

 

Ladies and Gentlemen:

 

This
Purchase Notice is delivered to you pursuant to Section 2.1(a) of the Loan Sale Agreement, dated as of May 5,
2021 (together with all amendments, if any, from time to time made thereto, the “Sale Agreement”), between Owl Rock
CLO VI, Ltd., as purchaser (the “Purchaser”), and Owl Rock Capital Corporation, as seller (the “Seller”).
Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided in the Sale
Agreement.

 

In
accordance with Section 2.1(a) of the Sale Agreement, effective as of the Conveyance Date, the Seller hereby Conveys
to the Purchaser [as a sale for cash for a Purchase Price of $     ]
[and] [as a Contribution in the amount of $     ] on the above-referenced
Conveyance Date pursuant to the terms and conditions of the Sale Agreement the Loan Assets listed on Schedule A hereto, together with
all Related Property and proceeds of the foregoing.

 

Please wire the cash portion
of the Purchase Price to the Seller pursuant to the Seller’s standing wiring instructions.

 

The Seller certifies that all
conditions precedent described in Section 6.1 of the Sale Agreement have been satisfied with respect to such Conveyance.

 

The Seller agrees that if prior
to the Conveyance Date any matter certified to herein by it will not be true and correct in all material respects at such time as if then
made, it will promptly so notify the Purchaser and the Trustee. Except to the extent, if any, that prior to the Conveyance Date the Purchaser
shall receive written notice to the contrary from the Seller, each matter certified to herein shall be deemed once again to be certified
by the Seller as true and correct in all material respects at the Conveyance Date as if then made.

 

    

     

    

 

The Seller has caused this Purchase
Notice to be executed and delivered, and the certification and warranties contained herein to be made, by its duly authorized officer
as of the date first written above.

 

	 	Very truly yours,
	 	 	 
	 	OWL ROCK CAPITAL CORPORATION
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

Accepted and Agreed

 

OWL ROCK CLO VI, LTD.

 

	By: 	 	 
	 	Name:	 
	 	Title:Exhibit 10.4

 

LOAN SALE AGREEMENT

 

between

 

ORCC FINANCING IV LLC

 

as Seller

 

and

 

OWL ROCK CLO VI, LTD.

 

as Purchaser

 

Dated as of May 5, 2021

 

     

     

    

 

Table
of Contents

 

	 	Page
	Article I DEFINITIONS	1
	 	 
	Section 1.1 Definitions	1
	 	 
	Section 1.2 Other Terms	3
	 	 
	Section 1.3 Computation of Time Periods	3
	 	 
	Section 1.4 Interpretation	3
	 	 
	Section 1.5 References	4
	 	 
	Article II CONVEYANCES OF Transferred ASSETS	4
	 	 
	Section 2.1 Conveyances	4
	 	 
	Section 2.2 [Reserved]	5
	 	 
	Section 2.3 [Reserved]	5
	 	 
	Section 2.4 Actions Pending Completion of Conveyance	5
	 	 
	Section 2.5 Indemnification	7
	 	 
	Section 2.6 Assignment of Rights and Indemnities	7
	 	 
	Article III CONSIDERATION AND PAYMENT	7
	 	 
	Section 3.1 Purchase Price	7
	 	 
	Section 3.2 Payment of Purchase Price	7
	 	 
	Article IV REPRESENTATIONS AND WARRANTIES	7
	 	 
	Section 4.1 Seller’s Representations and Warranties	7
	 	 
	Article V COVENANTS OF THE SELLER	10
	 	 
	Section 5.1 Covenants of the Seller	10
	 	 
	Article VI MISCELLANEOUS PROVISIONS	11
	 	 
	Section 6.1 Amendments, Etc.	11
	 	 
	Section 6.2 Governing Law: Submission to Jurisdiction; Waiver of Jury Trial	12
	 	 
	Section 6.3 Notices	13
	 	 
	Section 6.4 Severability of Provisions	13
	 	 
	Section 6.5 Further Assurances	13
	 	 
	Section 6.6 No Waiver; Cumulative Remedies	13
	 	 
	Section 6.7 Counterparts	14
	 	 
	Section 6.8 Non-Petition	14
	 	 
	Section 6.9 Transfer of Seller’s Interest	14

 

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Table
of Contents

(continued)

 

	 	Page
	Section 6.10 Binding Effect; Third-Party Beneficiaries and Assignability	14
	 	 
	Section 6.11 Merger and Integration	14
	 	 
	Section 6.12 Headings	14

 

    -ii-

     

    

 

 

This LOAN SALE AGREEMENT, dated
as of May 5, 2021 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”),
between ORCC FINANCING IV LLC, a Delaware limited liability company, as seller (in such capacity, the “Seller”) and
OWL ROCK CLO VI, LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, as purchaser
(in such capacity, the “Purchaser”).

 

WITNESSETH:

 

WHEREAS, on and after the date
hereof, the Seller wishes to sell, transfer, and otherwise convey, to the Purchaser, without recourse except to the extent specifically
provided herein, and the Purchaser wishes to purchase all right, title and interest of the Seller (whether now owned or hereafter acquired
or arising, and wherever located) in and to the Loan Assets (as defined below) mutually agreed by the Seller and the Purchaser; and

 

WHEREAS, it is the Seller’s
and the Purchaser’s intention that the conveyance of the Transferred Assets (as defined below) under each assignment agreement
and this Agreement is a “true sale” for all purposes, such that, upon payment of the purchase price therefor, the Transferred
Assets will constitute property of the Purchaser from and after the applicable transfer date;

 

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed by and between the Purchaser
and the Seller as follows:

 

Article I

 

DEFINITIONS

 

Section 1.1
Definitions. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined). All capitalized terms used herein but not defined herein shall
have the respective meanings specified in, or incorporated by reference into, the Indenture and Security Agreement, dated as of May 5,
2021 (as amended, supplemented or otherwise modified and in effect from time to time, the “Indenture”), by and among
the Purchaser, as Issuer, Owl Rock CLO VI, LLC, as Co-Issuer, and State Street Bank and Trust Company, as trustee (in such capacity,
the “Trustee”).

 

“Agreement”
has the meaning set forth in the preamble hereto.

 

“Convey”
means to sell, transfer, assign, or otherwise convey assets hereunder (each such conveyance being herein called a “Conveyance”).

 

“Excluded Amounts”
means, with respect to the Loan Assets, (i) any amount that is attributable to the reimbursement of payment by or on behalf of the
Seller of any taxes, fee or other charge imposed by any governmental authority on any Loan Asset, (ii) any interest or fees (including
origination, agency, structuring, management or other up-front fees) that are for the account of the Seller, (iii) any escrows relating
to Taxes, insurance and other amounts in connection with Loan Assets which are held in an escrow account for the benefit of the obligor
and the secured party pursuant to escrow arrangements under the related underlying instruments, (iv) to the extent paid using amounts
other than proceeds of the Loan Assets and proceeds of Loans, as applicable, any amount paid in respect of reimbursement for expenses
owed in respect of any Loan Asset pursuant to the related underlying instrument or (v) any amount paid to the Purchaser in error.

 

    -1-

     

    

 

“Indorsement”
has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

 

“Loan Asset”
means each commercial loan identified on Schedule A hereto

 

“Proceeds”
has the meaning set forth in Section 4.1(n).

 

“Purchase Price”
has the meaning set forth in Section 3.1(a).

 

“Purchaser”
has the meaning set forth in the preamble hereto.

 

“Related Property”
means, with respect to any Loan Asset, the property identified in clauses (i) – (iii) below, and all accounts, cash and
currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, general
intangibles, instruments, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, accessions,
proceeds and other property consisting of, arising out of, or related to any of the following (in each case, excluding the Retained Interest
and Excluded Amounts):

 

i. all monies due, to become
due or paid in respect of such Loan Asset, on and after the date hereof (other than accrued and unpaid interest due with respect to the
period prior to the date hereof), including but not limited to all collections on such Loan Asset, and other recoveries thereon, in each
case as they arise after the date hereof;

 

ii. any liens, security interests,
property or assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, including, without limitation,
Underlying Documents, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related obligor
or its subsidiaries; and

 

iii. all income and proceeds
of the foregoing.

 

“Retained
Interest” means, with respect to any Loan Asset, (a) all of the obligations, if any, of the agent(s) under the documentation
evidencing such Loan Asset and (b) the applicable portion of the interests, rights and obligations under the documentation evidencing
such Loan Asset that relate to such portion(s) of the indebtedness and interest in other obligations that are owned by another lender.

 

“Seller”
has the meaning set forth in the preamble hereto.

 

“Transferred Asset”
means each asset, including any Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder,
including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest
and the Excluded Amounts.

 

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Section 1.2
Other Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted
accounting principles. All terms used in Article 9 of the UCC, and not specifically defined herein, are used herein as defined in
such Article 9.

 

Section 1.3
Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a period of time from a specified
date to a later specified date, the word “from” means “from and including” and the words “to” and
 “until” each means “to but excluding.”

 

Section 1.4
Interpretation. In this Agreement, unless a contrary intention appears:

 

(i)             reference
to any Person includes such Person’s successors and assigns;

 

(ii)            reference
to any gender includes each other gender;

 

(iii)           reference
to day or days without further qualification means calendar days;

 

(iv)           unless
otherwise stated, reference to any time means New York time;

 

(v)            references
to “writing” include printing, typing, lithography, electronic or other means of reproducing words in a visible form;

 

(vi)           reference
to any agreement, document or instrument means such agreement, document or instrument as amended, modified, supplemented, replaced, restated,
waived or extended and in effect from time to time in accordance with the terms thereof and reference to any promissory note includes
any promissory note that is an extension or renewal thereof or a substitute or replacement therefor;

 

(vii)          reference
to any requirement of law means such requirement of law as amended, modified, codified, replaced or reenacted, in whole or in part, and
in effect from time to time, including rules and regulations promulgated thereunder and reference to any section or other provision
of any requirement of law means that provision of such requirement of law from time to time in effect and constituting the substantive
amendment, modification, codification, replacement or reenactment of such section or other provision; and

 

(viii)         references
to “including” mean “including, without limitation”.

 

    -3-

     

    

 

Section 1.5
References.

 

All Section references
(including references to the Preamble), unless otherwise indicated, shall be to Sections (and the Preamble) in this Agreement.

 

Article II

 

CONVEYANCES
OF Transferred ASSETS

 

Section 2.1
Conveyances.

 

(a)           On
the terms and subject to the conditions set forth in this Agreement, the Seller Conveys to the Purchaser without recourse, and the Purchaser
accepts such Conveyance, on the date hereof, all of the Seller’s right, title and interest (whether now owned or hereafter acquired
or arising, and wherever located) in and to each Loan Asset on the Schedule A and the Related Property, together with all proceeds
of the foregoing.

 

(b)           It
is the express intent of the Seller and the Purchaser that each Conveyance of Transferred Assets by the Seller to the Purchaser pursuant
to this Agreement be construed as an absolute sale of such Transferred Assets by the Seller to the Purchaser providing Purchaser with
the full risks and benefits of ownership of the Transferred Assets. Further, it is not the intention of the Seller and the Purchaser
that any Conveyance be deemed a grant of a security interest in the Transferred Assets by the Seller to the Purchaser to secure a debt
or other obligation of the Seller. However, in the event that, notwithstanding the intent of the parties expressed herein, the Conveyances
hereunder shall be characterized as loans and not as sales, then (i) this Agreement also shall be deemed to be, and hereby is, a
security agreement within the meaning of the UCC and other applicable law and (ii) the Conveyances by the Seller provided for in
this Agreement shall be deemed to be, and the Seller hereby grants to the Purchaser, a first priority security interest (subject only
to Permitted Liens) in, to and under all of the Seller’s right, title and interest in, to and under, whether now owned or hereafter
acquired, such Transferred Assets and all proceeds of the foregoing to secure an obligation of the Seller to pay over and transfer to
the Purchaser any and all distributions received by the Seller (other than Excluded Amounts) in relation to the Transferred Assets from
time to time, whether in cash or in kind, so that the Purchaser will receive all distributions under, proceeds of and benefits of ownership
of the Transferred Assets and to secure all other obligations of the Seller hereunder. If the Conveyances hereunder shall be characterized
as loans and not as sales, the Purchaser and its assignees shall have, with respect to such Transferred Assets and other related rights,
in addition to all the other rights and remedies available to the Purchaser and its assignees hereunder and under the underlying instruments,
all the rights and remedies of a secured party under any applicable UCC.

 

(c)           The
Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if
this Agreement were deemed to create a security interest in the Transferred Assets to secure a debt or other obligation, such security
interest would be deemed to be a first priority perfected security interest in favor of the Purchaser under applicable law and will be
maintained as such throughout the term of this Agreement. The Seller represents and warrants that the Transferred Assets are being transferred
with the intention of removing them from the Seller’s estate pursuant to Section 541 of the Bankruptcy Code. The Purchaser
assumes all risk relating to nonpayment or failure by the obligors to make any distributions owed by them under the Transferred Assets.
Except with respect to the representations, warranties and covenants expressly stated in this Agreement, the Seller assigns each Transferred
Asset “as is,” and makes no covenants, representations or warranties regarding the Transferred Assets.

 

    -4-

     

    

 

(d)           In
connection with this Agreement, the Seller agrees to file (or cause to be filed) on or prior to the Closing Date, at its own expense,
a financing statement or statements with respect to the Transferred Assets Conveyed by the Seller hereunder from time to time meeting
the requirements of applicable state law in the jurisdiction of the Seller’s organization to perfect and protect the interests
of the Purchaser created hereby under the UCC against all creditors of, and purchasers from, the Seller, and to deliver a file-stamped
copy of such financing statements or other evidence of such filings to the Purchaser as soon as reasonably practicable after its receipt
thereof and to keep such financing statements effective at all times during the term of this Agreement.

 

(e)           The
Seller agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents and take all
actions as may be reasonably necessary or as the Purchaser may request, in order to perfect or protect the interest of the Purchaser
in the Transferred Assets Conveyed hereunder or to enable the Purchaser to exercise or enforce any of its rights hereunder. Without limiting
the foregoing, the Seller will, in order to accurately reflect the Conveyances contemplated by this Agreement, execute and file such
financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant hereto) or other documents or
instruments as may be reasonably necessary or as requested by the Purchaser and mark its records noting the Conveyance to the Purchaser
of the Transferred Assets. The Seller hereby authorizes the Purchaser to file and, to the fullest extent permitted by applicable law
the Purchaser shall be permitted to sign (if necessary) and file, initial financing statements, continuation statements and amendments
thereto and assignments thereof without further acts of the Seller; provided that the description of collateral contained in such
financing statements shall be limited to only Transferred Assets. Carbon, photographic or other reproduction of this Agreement or any
financing statement shall be sufficient as a financing statement.

 

(f)            Each
of the Seller and the Purchaser agree that prior to the time of Conveyance of any Loan Assets hereunder, the Purchaser has no rights
to or claim of benefit from any Loan Asset (or any interest therein) owned by the Seller.

 

(g)           The
Transferred Assets acquired, transferred to and assumed by the Purchaser from the Seller shall include the Seller’s entitlement
to any surplus or responsibility for any deficiency that, in either case, arises under, out of, in connection with, or as a result of,
the foreclosure upon or acceleration of any such Transferred Assets (other than Excluded Amounts).

 

Section 2.2
[Reserved].

 

Section 2.3
[Reserved].

 

Section 2.4
Actions Pending Completion of Conveyance.

 

(a)           Pending
the receipt of any required consents to, and the effectiveness of, the sale of any Loan Assets from the Seller to the Purchaser on the
date hereof in accordance with the applicable underlying instrument, the Seller hereby sells to the Purchaser a 100% participation in
such Loan Asset and its related right, title and interest (each, a “Participation”). The Participations will not include
any rights that are not permitted to be participated pursuant to the terms of the underlying instruments. Such sale of the Participations
shall be without recourse to the Seller (including with regard to collectability), and shall constitute an absolute sale of each such
Participation. Each of the Participations has the following characteristics:

 

    -5-

     

    

 

(i)             the
Participation represents an undivided participating interest in 100% of the underlying Loan Asset and its proceeds (including the Proceeds);

 

(ii)            the
Seller does not provide any guaranty of payments to the holder of the Participation or other form of recourse (except as otherwise expressly
provided in the representations and warranties set forth in Article IV) or credit support;

 

(iii)           the
Participation represents a pass through of all of the payments made on the Loan Asset (including the Proceeds) and will last for the
same length of time as such Loan Asset except that each Participation will terminate automatically upon the settlement of the assignment
of the underlying right, title and interest of the related Loan Asset from the Seller to the Purchaser; and

 

(iv)           the
Seller holds title in such participated Loan Assets for the benefit of the Purchaser and shall exercise the same care in the administration
of the participated Loan Assets as it would exercise for loans held for its own account.

 

(b)           Each
party hereto shall use commercially reasonable efforts to, as soon as reasonably practicable after the Closing Date, cause the Purchaser
to become a lender under the underlying instrument with respect to the Seller’s interest in each Transferred Asset and take such
action as shall be mutually agreeable in connection therewith and in accordance with the terms and conditions of the underlying instrument
and consistent with the terms of this Agreement.

 

(c)           Pending
completion of the assignment of the Seller’s interest in each Transferred Asset in accordance with the applicable underlying instruments,
to the extent feasible under applicable law, the Seller shall comply with any written instructions provided to the Seller by or on behalf
of the Purchaser with respect to voting rights to be exercised by holders of such Transferred Assets and shall refrain from taking any
action with respect to the participated Loan Assets other than as instructed by the Purchaser, other than with respect to any voting
rights that are not permitted to be participated pursuant to the terms of the applicable underlying instrument (and such restrictions,
requirements or prohibitions are hereby incorporated by reference as if set forth herein).

 

    -6-

     

    

 

Section 2.5
Indemnification.

 

(a)           The
Seller hereby agrees to indemnify the Purchaser and its successors, transferees, and assigns (including each Secured Party) or any of
such Person’s respective shareholders, officers, employees, agents or Affiliates (each of the foregoing Persons being individually
called an “Indemnified Party”) against, and hold each Indemnified Party harmless from, any and all costs, losses,
claims, damages, liabilities and related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements
of any outside counsel for any Indemnitee) (all of the foregoing being collectively called “Indemnified Amounts”)
incurred by any Indemnified Party or awarded against any Indemnified Party in favor of any Person (including the Seller) other than such
Indemnified Party arising out of the fraud, bad faith or willful misconduct on the part of the Seller with respect to this Agreement;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such Indemnified Amounts (i) are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the fraud, bad faith or willful
misconduct of such Indemnified Party or (ii) the uncollectability of any Loan Asset due to an Obligor’s failure to pay any
amounts due under the applicable loan agreement in accordance with its terms.

 

(b)           If
the Seller has made any payment pursuant to this Section 2.5 and the recipient thereof later collects any payments from others
(including insurance companies) in respect of such amounts or is found in a final and nonappealable judgment by a court of competent
jurisdiction not to be entitled to such indemnification, then the recipient agrees that it shall promptly repay to the Seller such amounts
collected.

 

Section 2.6
Assignment of Rights and Indemnities. The Seller acknowledges that, pursuant to the Indenture, the Purchaser shall assign
all of its right, title and interest in, to and under this Agreement, including its rights of indemnity granted hereunder, to the Trustee,
for the benefit of the Secured Parties. Upon such assignment, (a) the Trustee, for the benefit of the Secured Parties, shall have
all rights of the Purchaser hereunder and may in turn assign such rights, and (b) the obligations of the Seller under Section 2.5
and Section 2.6 shall inure to the Trustee, for the benefit of the Secured Parties. The Seller agrees that, upon such
assignment, the Trustee, for the benefit of the Secured Parties, may enforce directly, without joinder of the Purchaser, the indemnities
set forth in Section 2.5 and Section 2.6.

 

Article III

 

CONSIDERATION
AND PAYMENT

 

Section 3.1
Purchase Price. The purchase price (the “Purchase Price”) for each Loan Asset Conveyed by the Seller
to the Purchaser shall be a dollar amount at least equal to the Fair Market Value of such Loan Asset Conveyed as of such date.

 

Section 3.2
Payment of Purchase Price. The Purchase Price, along with any fees from origination of the applicable Loan Asset, for the
Transferred Assets Conveyed from the Seller to the Purchaser shall be paid in cash in immediately available funds.

 

Article IV

 

REPRESENTATIONS
AND WARRANTIES

 

Section 4.1
Seller’s Representations and Warranties. The Seller represents and warrants to the Purchaser as of the Closing Date:

 

(a)            Existence,
Qualification and Power. The Seller (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction
of organization, (ii) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted
and as proposed to be conducted, to enter into this Agreement and to carry out the transactions contemplated thereby and (iii) is
qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out
its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could
not be reasonably expected to have, a material adverse effect on the Purchaser.

 

    -7-

     

    

 

(b)            Authorization;
No Contravention. The execution, delivery and performance of the Seller and the consummation of the transactions contemplated by this
Agreement do not and will not (i) violate (1) any provision of any law or any governmental rule or regulation applicable
to it, (2) any of its organizational documents or (3) any order, judgment or decree of any court or other agency of government
binding on it or its properties (except where the violation could not reasonably be expected to have a material adverse effect on the
Purchaser); (ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any
of its contractual obligations (except where the violation could not reasonably be expected to have a material adverse effect on the Purchaser);
(iii) result in or require the creation or imposition of any Lien upon any of its properties or assets (other than any Liens created
under the Indenture in favor of the Trustee for the benefit of the Secured Parties); or (iv) require any approval of its stockholders,
members or partners or any approval or consent of any other Person.

 

(c)            Governmental
Authorization; Other Consents. The execution, delivery and performance by the Seller and the consummation of the transactions contemplated
by this Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or
by, any governmental authority, except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to
the Trustee for filing and/or recordation, as of the Closing Date.

 

(d)            No
Adverse Proceeding; Title. There is no litigation, adverse proceeding or investigation pending or threatened against the Seller, before
any governmental authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation of any of
the transactions contemplated by this Agreement or (iii) seeking any determination or ruling that would reasonably be expected to
have a material adverse effect on the Purchaser. The Seller is not (A) in violation of any applicable laws that, individually or
in the aggregate, could reasonably be expected to have a material adverse effect on the Purchaser or (B) subject to or in default
with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal
or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in
the aggregate, could reasonably be expected to have a material adverse effect on the Purchaser.

 

(e)            Good
and Marketable Title. The Seller owns and has good and marketable title to the Transferred Assets and free and clear of any lien (other
than the liens in favor of the Trustee for the benefit of the Secured Parties pursuant to the Indenture and inchoate liens arising by
operation of law, Permitted Liens or any lien that will be released prior to or contemporaneously with the applicable Conveyance) and
there are no financing statements naming the Seller as debtor and covering the Transferred Assets other than any financing statements
in favor of the Trustee for the benefit of the Secured Parties pursuant to the Indenture, Permitted Liens or any lien that will be released
prior to or contemporaneously with the Conveyance.

 

    -8-

     

    

 

(f)            Backup
Security Interest. In the event that, notwithstanding the intent of the parties, the Conveyances hereunder shall be characterized
as loans and not as sales, then:

 

(i)             this
Agreement creates a valid and continuing lien and security interest on the Seller’s right, title and interest in and to the Transferred
Assets in favor of the Purchaser and the Trustee, as assignee, for the benefit of the Secured Parties, which security interest is validly
perfected under Article 9 of the UCC (to the extent such security interest may be perfected by filing a UCC financing statement under
such article), and is enforceable as such against creditors of and purchasers from the Seller;

 

(ii)            the
Transferred Assets are comprised of interests in instruments, security entitlements, general intangibles, accounts, certificated securities,
uncertificated securities, securities accounts, deposit accounts, supporting obligations, insurance, investment property and proceeds
(each as defined in the UCC) and such other categories of collateral under the UCC as to which the Seller has complied with its obligations
as set forth herein;

 

(iii)           the
Seller has received all consents and approvals required by the terms of any Loan Asset to the sale and granting of a security interest
in the Loan Assets hereunder to the Purchaser and the Trustee, as assignee on behalf of the Secured Parties; the Seller has taken all
necessary steps to file or authorize the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the security interest in that portion of the Transferred Assets in which a security
interest may be perfected by filing pursuant to Article 9 of the UCC as in effect in Delaware;

 

(iv)           none
of the underlying promissory notes that constitute or evidence the Loan Assets has any marks or notations indicating that they have been
pledged, assigned or otherwise conveyed to any Person other than the Purchaser and the Trustee, as assignee on behalf of the Secured Parties;
and

 

(v)            with
respect to a Transferred Asset that constitutes a “certificated security,” such certificated security has been delivered to
the Trustee, or will be delivered to the Trustee and, if in registered form, has been specially Indorsed to the Trustee or in blank by
an effective Indorsement or has been registered in the name of the Trustee upon original issue or registration of transfer by the Seller
of such certificated security, in each case, promptly upon receipt; provided that any file-stamped document, promissory note and
certificates relating to any Loan Asset shall be delivered as soon as they are reasonably available; and in the case of an uncertificated
security, by (A) causing the Trustee to become the registered owner of such uncertificated security and (B) causing such registration
to remain effective.

 

(g)            Fair
Consideration; No Avoidance for Loan Asset Payments. With respect to each Transferred Asset sold hereunder, the Seller sold such Transferred
Asset to the Purchaser in exchange for payment, made in accordance with the provisions of this Agreement, in an amount which constitutes
fair consideration and reasonably equivalent value. Each such Conveyance referred to in the preceding sentence shall not have been made
for or on account of an antecedent debt owed by the Seller to the Purchaser and, accordingly, no such sale is or may be voidable or subject
to avoidance under the Bankruptcy Code and the rules and regulations thereunder.

 

    -9-

     

    

 

(h)            Adequate
Capitalization; No Insolvency. As of such date it is, and after giving effect to any Conveyance it will be, solvent and it is not
entering into this Agreement or consummating any transaction contemplated hereby with any intent to hinder, delay or defraud any of its
creditors.

 

(i)            True
Sale. Each Transferred Asset sold hereunder shall have been sold by the Seller to the Purchaser in a “true sale.”

 

(j)            Notice
to Agents and Obligors. The Seller will direct any agent, administrative agent or obligor for any Loan Asset included in the Transferred
Assets to remit all payments and collections with respect to such Loan Asset directly to the relevant Collection Account.

 

(k)            Proceeds.
The Seller acknowledges that all Collections received by it or its Affiliates with respect to the Transferred Assets (other than Excluded
Amounts) (the “Proceeds”) Conveyed to the Purchaser are held and shall be held in trust for the benefit of the
Purchaser and its assignees until deposited into the Interest Collection Subaccount or the Principal Collection Subaccount. The Seller
shall promptly remit to the Purchaser or the Purchaser’s designee any payment or any other sums relating to, or otherwise payable
on account of, the Transferred Assets (other than Excluded Amounts) that the Seller receives after the Closing Date.

 

Article V

 

COVENANTS
OF THE SELLER

 

Section 5.1
Covenants of the Seller. The Seller hereby covenants and agrees with the Purchaser that, from the date hereof until the
termination of this Agreement, unless the Purchaser otherwise consents in writing:

 

(a)            Deposit
of Collections. The Seller shall transfer, or cause to be transferred, all Collections (if any) it receives in respect of the Loan
Assets (other than Excluded Amounts) to the Trustee promptly following the date such Collections are received by the Seller.

 

(b)            Books
and Records. The Seller shall maintain proper books of record and account of the transactions contemplated hereby, in which full,
true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions contemplated hereunder.

 

(c)            Accounting
of Purchases. Other than for consolidated accounting purposes, the Seller will not account for or treat the transactions contemplated
hereby in any manner other than as a sale of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal
income tax reporting purposes, the Purchaser is treated as a “disregarded entity” of the sole owner of the Seller and, therefore,
the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized.

 

    -10-

     

    

 

(d)            Liens.
The Seller shall not create, incur, assume or permit to exist any Lien on or with respect to any of its rights in the Transferred Assets
(other than the liens in favor of the Trustee for the benefit of the Secured Parties pursuant to the Indenture, Permitted Liens and any
lien that will be released prior to or contemporaneously with the applicable Conveyance). For the avoidance of doubt, this Section 5.1(d) shall
not apply to any property retained by the Seller and not Conveyed or purported to be Conveyed hereunder.

 

(e)            Change
of Name, Etc. The Seller shall not change its name, or name under which it does business, in any manner that would make any financing
statement or continuation statement filed by the Seller or Purchaser pursuant hereto (or by the Trustee on behalf of the Seller or Purchaser)
or change its jurisdiction of organization, unless the Seller shall have given the Purchaser at least 30 days prior written notice thereof,
and shall promptly file appropriate amendments to all previously filed financing statements and continuation statements and, in the case
of a change in jurisdiction, new financing statements. The Seller shall do or cause to be done, all things necessary to preserve and keep
in full force and effect its existence, its material rights and its material privileges, obligations, licenses and franchises for so long
as any Participations remain outstanding pursuant to Section 2.4.

 

(f)            Sale
Characterization. The Seller shall not make statements or disclosures, or treat the transactions contemplated by this Agreement (other
than for consolidated accounting purposes) in any manner other than as a true sale or absolute assignment of the title to and sole record
and beneficial ownership interest of the Transferred Assets Conveyed or purported to be Conveyed hereunder; provided that the Seller
may consolidate the Purchaser and/or its properties and other assets for accounting purposes in accordance with GAAP if any consolidated
financial statements of the Seller contain footnotes that the Transferred Assets have been sold to the Purchaser.

 

(g)            Expenses.
The Seller shall pay its operating expenses and liabilities from its own assets.

 

(h)            Commingling.
The Seller shall not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute
Collections of any Loan Asset into the Interest Collection Subaccount or the Principal Collection Subaccount.

 

Article VI

 

MISCELLANEOUS
PROVISIONS

 

Section 6.1
Amendments, Etc. This Agreement and the rights and obligations of the parties hereunder may not be amended, supplemented,
waived or otherwise modified except in an instrument in writing signed by the Purchaser and the Seller and permitted under the Indenture;
provided that the prior written consent of a Majority of the Controlling Class is required with respect to any amendments or modifications
that could have a Material Adverse Effect on the Holders of the Notes. Any reconveyance executed in accordance with the provisions hereof
shall not be considered an amendment or modification to this Agreement.

 

    -11-

     

    

 

Section 6.2
Governing Law: Submission to Jurisdiction; Waiver of Jury Trial.

 

(a)            THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT
OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT
IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 

(b)            ALL
JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO, OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY FEDERAL
COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN OR, IF THAT COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION, IN
ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY, FOR ITSELF, IN
CONNECTION WITH ITS PROPERTIES, IRREVOCABLY AND TO THE FULLEST EXTENT IT IS LEGALLY PERMITTED TO DO SO (A) ACCEPTS GENERALLY
AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (C) AGREES
THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT
REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 6.3 AND (D) AGREES THAT SERVICE
AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN
ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT.

 

(c)            EACH
OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
HEREUNDER OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR THE PURCHASER/SELLER RELATIONSHIP THAT IS BEING
ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND
THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER
COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP,
THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS
RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND
THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO
THIS SECTION 6.2 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS HERETO OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION,
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

    -12-

     

    

 

Section 6.3
Notices. All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing
(including electronic communication) and shall be personally delivered or sent by certified or registered mail (return receipt requested),
by overnight delivery service (with all charges paid), by electronic mail (“e-mail”) or by hand delivery, to the intended
party at the address of such party set forth below:

 

(a)            in
the case of the Purchaser, as provided under the Indenture;

 

(b)            in
the case of the Seller:

 

ORCC FINANCING IV LLC

399 Park Avenue, Floor 38

New York, NY 10022

Attention: Alan Kirshenbaum

E-mail Address: alan@owlrock.com with
a copy to legal@owlrock.com

 

All such notices and correspondence shall be deemed
given (a) if sent by certified or registered mail, three (3) Business Days after being postmarked, (b) if sent by overnight
delivery service or by hand delivery, when received at the above stated addresses or when delivery is refused and (c) if sent by
e-mail, when received.

 

Section 6.4
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
for any reason whatsoever be held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining
covenants, agreements, provisions, or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions
of this Agreement.

 

Section 6.5
Further Assurances. The Purchaser and the Seller each agree that at any time and from time to time, at its expense and upon
reasonable request of the Trustee, it shall promptly execute and deliver all further instruments and documents, and take all reasonable
further action, that is necessary or desirable to perfect and protect the Conveyances and security interests granted or purported to be
granted by this Agreement or to enable the Trustee or any of the Secured Parties to exercise and enforce its rights and remedies under
this Agreement with respect to any Transferred Assets.

 

Section 6.6
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Purchaser, the Seller
or the Trustee, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise
of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights,
remedies, powers and privilege provided by law.

 

    -13-

     

    

 

Section 6.7
Counterparts. This Agreement may be executed in two or more counterparts including telecopy transmission thereof (and by
different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the
same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or e-mail in portable document
format (.pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. The parties agree that this Agreement
may be electronically signed and that such electronic signatures appearing on the Agreement are the same as handwritten signatures for
purposes of validity, enforceability and admissibility.

 

Section 6.8
Non-Petition. The Seller covenants and agrees that, prior to the date that is one year (or, if longer, any applicable preference
period) and one day after the payment in full of all Notes (other than contingent reimbursement and indemnification obligations which
are unknown, unmatured and for which no claim has been made), no party hereto shall institute against, or join any other Person in instituting
against, the Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings
under any federal, state or foreign bankruptcy or similar law. This Section 6.8 shall survive termination of the Agreement.

 

Section 6.9
Transfer of Seller’s Interest. With respect to each transfer of a Transferred Asset, (a) the Purchaser shall,
as to each Transferred Asset, be a party to the relevant underlying instruments and have the rights and obligations of a lender thereunder,
and (b) the Seller shall, to the extent provided in this Agreement, and the applicable underlying instruments, relinquish its rights
and be released from its obligations, as to each Transferred Asset. The obligors or agents on the Transferred Asset were or will be notified
of the transfer of the Transferred Asset to the Purchaser to the extent required under the applicable underlying instruments. The Trustee
will have possession of the related underlying instrument (including the underlying promissory notes, if any).

 

Section 6.10
Binding Effect; Third-Party Beneficiaries and Assignability. This Agreement will inure to the benefit of and be binding
upon the parties hereto and their respective successors and permitted assigns. The Trustee, for the benefit of the Secured Parties, and
the Trustee are each intended by the parties hereto to be an express third-party beneficiary of this Agreement. Notwithstanding anything
to the contrary contained herein, this Agreement may not be assigned by the Purchaser or the Seller without the prior written consent
of the Trustee.

 

Section 6.11
Merger and Integration. Except as specifically stated otherwise herein, this Agreement sets forth the entire understanding
of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement.

 

Section 6.12
Headings. The headings herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation
of any provision hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    -14-

     

    

 

IN WITNESS WHEREOF, the Purchaser
and the Seller each have caused this Loan Sale Agreement to be duly executed by their respective officers as of the day and year first
above written.

 

	 	ORCC FINANCING IV LLC,

  as Seller
	 	 
	 	 
	 	By:	 
	 	 	Name: Bryan Cole
	 	 	Title: Authorized Signatory
	 	 
	 	OWL ROCK CLO VI, LTD.,

as Purchaser
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to the Loan Sale Agreement]

 

     

     

    

 

Schedule A

 

SCHEDULE
OF LOAN ASSETS

 

[see attached]

 

     

     

    

 

	ORCC FINANCING IV Asset Purchase May 5, 2021	 
	Company	 	Facility	 	Purchased Par	 	 	Price	 	 	Cash Purchase Price	 
	Associations, Inc.	 	Term Loan A	 	$	11,900,000.00	 	 	 	100.00	%	 	$	11,900,000.00	 
	IQN Holding Corp. (dba Beeline)	 	Initial Term Loan	 	$	4,911,838.79	 	 	 	99.75	%	 	$	4,899,559.19	 
	FR Arsenal Holdings II Corp. (dba Applied-Cleveland Holdings, Inc.)	 	Term Loan	 	$	5,000,000.00	 	 	 	95.50	%	 	$	4,775,000.00	 
	ConnectWise, LLC	 	Term Loan	 	$	10,000,000.00	 	 	 	100.00	%	 	$	10,000,000.00	 
	Interoperability Bidco, Inc.	 	Term Loan	 	$	10,000,000.00	 	 	 	97.25	%	 	$	9,725,000.00	 
	Trader Interactive, LLC (fka Dominion Web Solutions, LLC)	 	Initial Term Loan	 	$	4,911,140.41	 	 	 	99.50	%	 	$	4,886,584.71	 
	Douglas Products and Packaging Company LLC	 	Term Loan	 	$	10,000,000.00	 	 	 	98.50	%	 	$	9,850,000.00	 
	Endries Acquisition, Inc.	 	Initial Term Loan	 	$	6,000,000.00	 	 	 	98.75	%	 	$	5,925,000.00	 
	Gerson Lehrman Group, Inc.	 	First Amendment Incremental Term Loan	 	$	7,059,872.20	 	 	 	100.00	%	 	$	7,059,872.20	 
	Gerson Lehrman Group, Inc.	 	Term Loan	 	$	7,737,715.18	 	 	 	100.00	%	 	$	7,737,715.18	 
	H-Food Holdings, LLC	 	Initial Term Loan (Second Lien)	 	$	1,133,334.00	 	 	 	100.00	%	 	$	1,133,334.00	 
	Ideal Tridon Holdings, Inc.	 	Initial Term Loan	 	$	3,085,445.25	 	 	 	99.00	%	 	$	3,054,590.79	 
	Individual Foodservice Holdings, LLC	 	Initial Term Loan	 	$	11,900,000.00	 	 	 	99.00	%	 	$	11,781,000.00	 
	Reef Global, Inc. (fka Cheese Acquisition, LLC)	 	Initial Tranche 1 Term Loan	 	$	2,430,146.32	 	 	 	95.50	%	 	$	2,320,789.74	 
	Instructure, Inc.	 	Initial Term Loan	 	$	10,000,000.00	 	 	 	100.00	%	 	$	10,000,000.00	 
	Integrity Marketing Acquisition, LLC	 	Initial Term Loan	 	$	11,900,000.00	 	 	 	99.00	%	 	$	11,781,000.00	 
	KS Management Services, L.L.C.	 	Closing Date Term Loan	 	$	11,900,000.00	 	 	 	100.00	%	 	$	11,900,000.00	 
	Lazer Spot G B Holdings, Inc.	 	Initial Term Loan	 	$	15,900,000.00	 	 	 	99.75	%	 	$	15,860,250.00	 
	Lytx, Inc.	 	Initial Term Loan (2020)	 	$	4,924,809.15	 	 	 	98.75	%	 	$	4,863,249.04	 
	Professional Plumbing Group, Inc.	 	Term Loan	 	$	4,961,636.83	 	 	 	95.50	%	 	$	4,738,363.17	 
	Pregis Topco LLC	 	Term Loan (Second Lien)	 	$	1,500,000.00	 	 	 	99.50	%	 	$	1,492,500.00	 
	Lightning Midco, LLC (dba Vector Solutions)	 	Closing Date Term Loan (First Lien)	 	$	6,000,000.00	 	 	 	99.75	%	 	$	5,985,000.00	 
	KWOR Acquisition, Inc. (dba Worley Claims Services)	 	Term Loan (Second Lien)	 	$	1,500,000.00	 	 	 	98.75	%	 	$	1,481,250.00	 
	Totals	 	 	 	$	164,655,938.13	 	 	 	 	 	 	$	163,150,058.02

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