Document:

Exhibit 10.1

 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY
AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT
OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	Principal Amount: $150,000	 	Dated as of July 8, 2020

 

Distoken Acquisition Corporation, a Cayman Islands exempted
company and blank check company (the “Maker”), promises to pay to the order of Xiaosen Sponsor LLC, a Cayman
Islands limited liability company, or its registered assigns or successors in interest (the “Payee”), or order,
the principal sum of one hundred and fifty thousand U.S. dollars ($150,000) or such lesser amount as shall have been advanced by
Payee to Maker and that shall remain unpaid under this Note on the Maturity Date (as defined below) in lawful money of the United
States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer
of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate
by written notice in accordance with the provisions of this Note.

 

1.
  Principal.  The entire unpaid principal balance of this Note shall be payable by the Maker on the earlier of: 
(i) December 31, 2020, or (ii) the date on which Maker consummates an initial public offering of its securities
(such earlier date, the “Maturity Date”).  The principal balance may be prepaid at any time. Under no
circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of the Maker,
be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2. Drawdown
Requests. Maker and Payee agree that Maker may request, from time to time, up to one hundred and fifty thousand U.S. dollars
($150,000) in drawdowns under this Note to be used for costs and expenses related to Maker’s formation and the proposed initial
public offering of its securities (the “IPO”).  The principal of this Note may be drawn down from time
to time prior to the Maturity Date upon written request from Maker to Payee (each, a “Drawdown Request”). 
Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000). 
Payee shall fund each Drawdown Request no later than three (3) business days after receipt of a Drawdown Request; provided,
however, that the maximum amount of drawdowns outstanding under this Note at any time may not exceed one hundred and fifty thousand
U.S. dollars ($150,000).  No fees, payments or other amounts shall be due to Payee in connection with, or as a result of,
any Drawdown Request by Maker.

 

3. Interest. No interest shall accrue on the
unpaid principal balance of this Note.

 

4. Application of Payments. All payments shall
be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without
limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the
unpaid principal balance of this Note.

 

5. Events of Default. The following shall constitute
an event of default (“Event of Default”):

 

(a) Failure to Make Required Payments. Failure by
Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified above.

 

(b) Voluntary Bankruptcy, Etc. The commencement
by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law,
or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator
(or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the
benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

(c) Involuntary Bankruptcy, Etc. The entry of a
decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under any
applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator
(or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs,
and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

     

     

    

 

6. Remedies.

 

(a) Upon the occurrence of an Event of Default specified
in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon
the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without
presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or
in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon the occurrence of an Event of Default specified
in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all other sums payable with regard to this Note,
shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

 

7. Waivers. Maker and all endorsers and guarantors
of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with
regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note,
and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or
any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing
for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate
that may be levied upon pursuant to a judgment obtained by virtue hereof, or any writ of execution issued hereon, may be sold upon
any such writ in whole or in part in any order desired by Payee.

 

8. Unconditional Liability. Maker hereby waives
all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and
agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected
in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents
to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment
or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto
without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. All notices, statements or other
documents which are required or contemplated by this Note shall be made in writing and delivered: (i) personally or sent by
first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated
in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may
be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided
to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication
so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following
receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an
overnight courier service or five (5) days after mailing if sent by mail.

 

10. Construction. THIS NOTE SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

11. Severability. Any provision contained in
this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust Waiver. Notwithstanding anything
herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)
in or to any distribution of or from the trust account to be established in which the proceeds of the IPO conducted by the Maker
(including the deferred underwriting discounts and commissions) and the proceeds of the sale of the warrants to be issued in a
private placement to occur prior to the consummation of the IPO are to be deposited, as described in greater detail in the registration
statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees
not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

     

     

    

 

13. Amendment; Waiver. Any amendment hereto
or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

 

14. Assignment. No assignment or transfer of
this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the
prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

 

[Signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF, Maker, intending to be legally
bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

  

	 	DISTOKEN ACQUISITION CORPORATION
	 	a Cayman Islands exempted company
	 	 	 
	 	By:	/s/ Jian Zhang
	 	 	Name:	 	Jian Zhang
	 	 	Title:	 	Chief Executive Officer

 

[Signature Page to Promissory Note]Exhibit 10.1

 

OMNIBUS AMENDMENT, dated
as of September 11, 2020 (this “Amendment”), among TPVC FUNDING COMPANY LLC, as borrower (the “Borrower”),
TRIPLEPOINT PRIVATE VENTURE CREDIT INC., in its individual capacity (“TPVC”) and as collateral manager (in such
capacity, the “Collateral Manager”), VERVENT INC., as backup collateral manager (the “Backup Collateral
Manager”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as paying agent (in such capacity, the “Paying Agent”)
and collection account bank (in such capacity, the “Collection Account Bank”), U.S. BANK NATIONAL ASSOCIATION,
as Custodian (in such capacity, the “Custodian”) and DEUTSCHE BANK AG, NEW YORK BRANCH (“DBNY”),
as Facility Agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Facility
Agent”) and DBNY, MUFG UNION BANK, N.A. (“MUFG”), TIAA, FSB (“TIAA”) and KeyBank Bank
National Association (“KeyBank”), as committed lenders (in such capacity, each a “Lender” and collectively,
the “Lenders”).

 

WHEREAS, the Borrower,
TPVC, as equityholder, the Collateral Manager, the Backup Collateral Manager, the Paying Agent, the Collection Account Bank, the
Custodian, the Facility Agent, DBNY and MUFG, as joint lead arrangers, and each Lender party thereto are party to the Receivables
Financing Agreement, dated as of July 15, 2020 (as amended, supplemented, amended and restated and otherwise modified from time
to time, the “Receivables Financing Agreement”); and

 

WHEREAS, TIAA and KeyBank
are each joining the Loan Agreement as a Lender as of the date hereof;

 

WHEREAS, the Facility
Agent hereby authorizes and directs the Custodian to execute this Amendment;

 

WHEREAS, the Facility
Agent hereby authorizes and directs the Paying Agent and the Collection Account Bank to execute this Amendment; and

 

WHEREAS, the Borrower,
the Collateral Manager, the Backup Collateral Manager, the Paying Agent, the Collection Account Bank, the Custodian, the Facility
Agent and the Lenders have agreed to amend the Receivables Financing Agreement in accordance with Section 18.2 of the Receivables
Financing Agreement and subject to the terms and conditions set forth herein.

 

NOW THEREFORE, in consideration
of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

ARTICLE
I

 

Definitions

 

SECTION 1.1.           Defined Terms. Terms used but not defined herein have the respective meanings given to such terms in the Receivables
Financing Agreement.

 

    1

     

    

 

ARTICLE
II

 

Amendments

 

SECTION 2.1.           Amendments to the Receivables Financing Agreement. As of the date of this Amendment, the Receivables Financing Agreement
is hereby amended as follows:

 

(a)           to delete the stricken text (indicated textually in the same manner as the following example: stricken
text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example:
bold and double-underlined
text) as set forth on the pages of the Receivables Financing Agreement attached as Appendix A hereto; and

 

(b)           to delete the stricken text (indicated textually in the same manner as the following example: stricken
text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example:
bold and double-underlined
text) as set forth on the pages of the Exhibits and Schedules attached as Appendix B hereto.

 

ARTICLE
III 

 

Omnibus Amendment to
Transaction Documents

 

SECTION 3.1.           All Transaction Documents are hereby amended, to the extent applicable, to delete all references to “TPGVC Funding
Company LLC” and insert “TPVC Funding Company LLC” in lieu thereof.

 

ARTICLE
IV 

 

Conditions to Effectiveness

 

SECTION 4.1.           This Amendment shall become effective as of the date first written above upon the satisfaction of the following conditions:

 

(a)           the execution and delivery of this Amendment by each party hereto;

 

(b)           the execution and delivery of the Joinder Agreement in respect of TIAA and any ancillary documents related thereto;

 

(c)           the execution and delivery of the Joinder Agreement in respect of KeyBank and any ancillary documents related thereto; and

 

(d)           all fees (including reasonable and documented fees, disbursements and other charges of counsel) due to the Lenders on or
prior to the effective date of this Amendment have been paid in full.

 

    2

     

    

 

ARTICLE
V 

 

Representations and
Warranties

 

SECTION 5.1.           The Borrower hereby represents and warrants to the Facility Agent that, as of the date first written above, (i) no Facility
Termination Event, Unmatured Facility Termination Event, Servicer Default or Unmatured Servicer Default has occurred and is continuing
and (ii) the representations and warranties of the Borrower contained in the Receivables Financing Agreement are true and correct
in all material respects on and as of such day (other than any representation and warranty that is made as of a specific date).

 

ARTICLE
VI

 

Miscellaneous

 

SECTION 6.1.           Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

SECTION 6.2.           Severability Clause. In case any provision in this Amendment shall be invalid, illegal or unenforceable, the validity,
legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

SECTION 6.3.           Ratification. Except as expressly amended and waived hereby, the Receivables Financing Agreement is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.

 

SECTION 6.4.           Counterparts; Electronic Execution. The parties hereto may sign one or more copies of this Amendment in counterparts,
all of which together shall constitute one and the same agreement. Delivery of an executed signature page of this Amendment by
facsimile or email transmission shall be effective as delivery of a manually executed counterpart hereof. The parties agree that
this Amendment may be executed and delivered by electronic signatures and that the signatures appearing on this Amendment are the
same as handwritten signatures for the purposes of validity, enforceability and admissibility.

 

SECTION 6.5.           Headings. The headings of the Articles and Sections in this Amendment are for convenience of reference only and shall
not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

 

[Signature pages follow]

 

    3

     

    

 

IN WITNESS WHEREOF, the
parties have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the day and year
first above written.

 

	 	TPVC FUNDING COMPANY LLC, as Borrower
	 	 
	 	 
	 	By:	
	 	 	Name:	 
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	TRIPLEPOINT PRIVATE VENTURE CREDIT INC., individually and as Collateral Manager
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	VERVENT INC.,
as Backup Collateral Manager
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent and Collection Account Bank
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

 

		By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	U.S.
BANK NATIONAL ASSOCIATION,
as Custodian
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH,
as Facility Agent
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

 

		By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

 

		By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

	 	MUFG UNION BANK, N.A., as Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

		TIAA, FSB, as Committed Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

		KEYBANK NATIONAL ASSOCIATION, as Committed
Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:	                  
	 	 	Title:	 

 

Signature Page to Omnibus Amendment

 

    

     

    

 

Appendix A

 

[to be attached]

 

    

     

    

 

 

EXECUTION VERSION

Conformed
through Omnibus Amendment dated September 11, 2020

 

 

RECEIVABLES FINANCING AGREEMENT

 

dated as of July 15, 2020

 

TPGVCTPVC
FUNDING COMPANY LLC,

as Borrower,

 

TRIPLEPOINT PRIVATE VENTURE CREDIT INC.,

individually and as Collateral Manager and as Equityholder,

 

THE LENDERS PARTIES HERETO,

 

DEUTSCHE BANK AG, NEW YORK BRANCH,

as Facility Agent,

 

DEUTSCHE BANK AG, NEW YORK BRANCH AND MUFG
UNION BANK, N.A.,

as Joint Lead Arrangers,

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Paying Agent and as Collection Account Bank,

 

U.S. BANK NATIONAL ASSOCIATION,

as Custodian,

 

and

 

VERVENT INC.,

as Backup Collateral Manager

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE
    I	DEFINITIONS	1
	 	 	 
	Section
    1.1	Defined Terms	1
	 	 	 
	Section
    1.2	Other Definitional
    Provisions	53
	 	 	 
	ARTICLE II	THE FACILITY, ADVANCE PROCEDURES AND NOTES	5455
	 	 	 
	Section 2.1	Advances and Approvals	5455
	 	 	 
	Section 2.2	Funding of Advances	5556
	 	 	 
	Section 2.3	Notes	5657
	 	 	 
	Section 2.4	Repayment and
    Prepayments	5657
	 	 	 
	Section 2.5	Calculation of
    Discount Factor	5758
	 	 	 
	Section 2.6	Defaulting Lenders	58
	 	 	 
	Section 2.7	Replacement of
    Lenders	59
	 	 	 
	Section 2.8	Extension of Scheduled
    Facility Termination Date	5960
	 	 	 
	Section 2.9	Increase of Facility
    Amount	6061
	 	 	 
	ARTICLE III	YIELD, FEES, ETC	61
	 	 	 
	Section 3.1	Yield	61
	 	 	 
	Section 3.2	Yield Payment
    Dates	61
	 	 	 
	Section 3.3	Yield Calculation	6162
	 	 	 
	Section 3.4	Computation of
    Yield	6162
	 	 	 
	ARTICLE IV	PAYMENTS; TAXES	62
	 	 	 
	Section 4.1	Making of Payments	62
	 	 	 
	Section 4.2	Due Date Extension	62
	 	 	 
	Section 4.3	Taxes	62

 

    i

     

    

 

	ARTICLE
    V	INCREASED COSTS, ETC.	66
	 	 	 
	Section 5.1	Increased Costs	66
	 	 	 
	Section 5.2	Funding Losses	67
	 	 	 
	ARTICLE VI	EFFECTIVENESS; CONDITIONS TO ADVANCES	68
	 	 	 
	Section 6.1	Effectiveness	68
	 	 	 
	Section 6.2	Advances	6970
	 	 	 
	ARTICLE VII	ADMINISTRATION AND MANAGEMENT OF TRANSFERRED
    CONTRACTS	71
	 	 	 
	Section 7.1	Retention and
    Termination of the Collateral Manager	71
	 	 	 
	Section 7.2	Duties of the
    Collateral Manager	73
	 	 	 
	Section 7.3	Representations
    and Warranties of the Collateral Manager	75
	 	 	 
	Section 7.4	Covenants of the
    Collateral Manager	7778
	 	 	 
	Section 7.5	Collateral Management
    Fee; Payment of Certain Expenses by Collateral Manager; Backup Collateral Manager Fee	8081
	 	 	 
	Section 7.6	Distribution Date
    Statement	81
	 	 	 
	Section 7.7	Annual Statement
    as to Compliance; Notice of Collateral Manager Default	81
	 	 	 
	Section 7.8	Audit of Transferred
    Contracts	81
	 	 	 
	Section 7.9	Access to Certain
    Documentation and Information Regarding Contracts	8182
	 	 	 
	Section 7.10	Certain Duties
    and Representations of Backup Collateral Manager	83
	 	 	 
	Section 7.11	Consequences of
    a Collateral Manager Default	8485
	 	 	 
	Section 7.12	Appointment of
    Backup Collateral Manager as Successor Collateral Manager	8485
	 	 	 
	Section 7.13	Lockbox Accounts	85
	 	 	 
	Section 7.14	Payments in Respect
    of Ineligible Contracts	8586
	 	 	 
	Section 7.15	Substitution of
    Contracts Pursuant to Technology Exchange Option	86

 

    ii

     

    

 

	Section
    7.16	Repurchase	8687
	 	 	 
	Section 7.17	Contracts Subject
    to Retained Interest Provisions	87
	 	 	 
	Section 7.18	Optional Offer
    to Sell	87
	 	 	 
	ARTICLE VIII	ACCOUNTS; PAYMENTS	8889
	 	 	 
	Section 8.1	Borrower Accounts	8889
	 	 	 
	Section 8.2	Collateral Manager
    Reimbursements	90
	 	 	 
	Section 8.3	Application of
    Collections	90
	 	 	 
	Section 8.4	Additional Deposits	90
	 	 	 
	Section 8.5	Distributions	9091
	 	 	 
	Section 8.6	Fees	9293
	 	 	 
	Section 8.7	Net Deposits	93
	 	 	 
	Section 8.8	Required Warrant
    Reserve	93
	 	 	 
	ARTICLE IX	REPRESENTATIONS AND WARRANTIES	94
	 	 	 
	Section 9.1	Organization and
    Good Standing	94
	 	 	 
	Section 9.2	Due Qualification	94
	 	 	 
	Section 9.3	Power and Authority	94
	 	 	 
	Section 9.4	Security Interest;
    Binding Obligations	9495
	 	 	 
	Section 9.5	No Violation	95
	 		 
	Section 9.6	No Proceedings	95
	 	 	 
	Section 9.7	No Consents	9596
	 	 	 
	Section 9.8	Solvency	96
	 	 	 
	Section 9.9	Tax Treatment	96
	 	 	 
	Section 9.10	Compliance With
    Laws	96
	 	 	 
	Section 9.11	Taxes	96
	 	 	 
	Section 9.12	Certificates	9697
	 	 	 
	Section 9.13	No Liens, Etc.	9697

 

    iii

     

    

 

	Section
    9.14	Purchase
    and Sale	97
	 	 	 
	Section 9.15	Information True
    and Correct	97
	 	 	 
	Section 9.16	ERISA Matters	97
	 	 	 
	Section 9.17	Financial or Other
    Condition	9798
	 	 	 
	Section 9.18	Investment Company
    Status	9798
	 	 	 
	Section 9.19	Eligible Contract
    Payments	98
	 	 	 
	Section 9.20	Use of Proceeds	98
	 	 	 
	Section 9.21	Separate Existence	98
	 	 	 
	Section 9.22	Investments	9899
	 	 	 
	Section 9.23	Transaction Documents	9899
	 	 	 
	Section 9.24	Ownership of the
    Borrower	99
	 	 	 
	Section 9.25	Anti-Terrorism,
    Anti-Money Laundering	99
	 	 	 
	Section 9.26	Anti-Bribery and
    Corruption	100
	 	 	 
	Section 9.27	Volcker Rule	100101
	 	 	 
	Section 9.28	AIFMD	100101
	 	 	 
	Section 9.29	EEA Financial
    Institution	101
	 	 	 
	ARTICLE X	COVENANTS	101
	 	 	 
	Section 10.1	Protection of
    Security Interest of the Secured Parties	101
	 	 	 
	Section 10.2	Other Liens or
    Interests	102
	 	 	 
	Section 10.3	Costs and Expenses	102
	 	 	 
	Section 10.4	Reporting Requirements	102
	 	 	 
	Section 10.5	Separate Existence	103
	 	 	 
	Section 10.6	Hedging Agreements	106
	 	 	 
	Section 10.7	Tangible Net Worth	108
	 	 	 
	Section 10.8	Minimum Equity
    Condition	108
	 	 	 
	Section 10.9	Stock, Merger,
    Consolidation, Etc.	108
	 	 	 
	Section 10.10	Change in Name	108

 

    iv

     

    

 

	Section
    10.11	Indebtedness;
    Guarantees	108
	 	 	 
	Section 10.12	Limitation on
    Acquisitions	108109
	 	 	 
	Section 10.13	Documents	108109
	 	 	 
	Section 10.14	Preservation of
    Existence	109
	 	 	 
	Section 10.15	Keeping of Records
    and Books of Account	109
	 	 	 
	Section 10.16	Accounting Treatment	109
	 	 	 
	Section 10.17	Limitation on
    Investments	109110
	 	 	 
	Section 10.18	Distributions	109110
	 	 	 
	Section 10.19	Performance of
    Borrower Assigned Agreements	110
	 	 	 
	Section 10.20	Notice of Material
    Adverse Claim	110
	 	 	 
	Section 10.21	Delivery of Original
    Promissory Notes	110111
	 	 	 
	Section 10.22	Further Assurances;
    Financing Statements	111
	 	 	 
	Section 10.23	Risk Retention
    Requirements	112
	 	 	 
	Section 10.24	Taxes	113
	 	 	 
	Section 10.25	ERISA	113114
	 	 	 
	Section 10.26	Policies and Procedures
    for Sanctions	113114
	 	 	 
	Section 10.27	Compliance with
    Sanctions	113114
	 	 	 
	Section 10.28	Compliance with
    Anti-Money Laundering	114
	 	 	 
	Section 10.29	Ineligible Collateral	114
	 	 	 
	ARTICLE XI	THE BACKUP COLLATERAL MANAGER	114
	 	 	 
	Section 11.1	Limitation on
    Liability of Backup Collateral Manager	114
	 	 	 
	Section 11.2	Covenants and
    Representations and Warranties of the Backup Collateral Manager	117
	 	 	 
	ARTICLE XII	THE CUSTODIAN	117118
	 	 	 
	Section 12.1	Delivery of Contract
    Files; Custodian to Act as Agent	117118
	 	 	 
	Section 12.2	Contract File
    Certification	119
	 	 	 
	Section 12.3	Obligations of
    the Custodian	120121

 

    v

     

    

 

	Section
    12.4	Release
    of Contract Files	122123
	 	 	 
	Section 12.5	Removal or Resignation
    of the Custodian	124
	 	 	 
	Section 12.6	Examination of
    Contract Files	125
	 	 	 
	Section 12.7	Insurance of the
    Custodian	125126
	 	 	 
	Section 12.8	Representations
    and Warranties	125126
	 	 	 
	Section 12.9	Statements	126
	 	 	 
	Section 12.10	No Adverse Interest
    of the Custodian	126
	 	 	 
	Section 12.11	Lost Note Affidavit	126127
	 	 	 
	Section 12.12	Reliance of the
    Custodian	126127
	 	 	 
	Section 12.13	Term of Custody	127
	 	 	 
	Section 12.14	Tax Reports	127
	 	 	 
	Section 12.15	Transmission of
    Contract Files	127
	 	 	 
	Section 12.16	Further Rights
    of the Custodian	127128
	 	 	 
	Section 12.17	Custodian Compensation	129130
	 	 	 
	Section 12.18	Compliance with
    Applicable Banking Law	129130
	 	 	 
	Section 12.19	Securities Custodian	130
	 	 	 
	ARTICLE XIII	GRANT OF SECURITY INTEREST	130131
	 	 	 
	Section 13.1	Borrower’s
    Grant of Security Interest	130131
	 	 	 
	Section 13.2	Borrower Remains
    Liable	132
	 	 	 
	Section 13.3	Release of Collateral	132133
	 	 	 
	Section 13.4	Certain Remedies	132133
	 	 	 
	Section 13.5	Limitation on
    Duty of Facility Agent in Respect of Collateral	134135
	 	 	 
	ARTICLE XIV	FACILITY TERMINATION EVENTS	135
	 	 	 
	Section 14.1	Facility Termination
    Events	135
	 	 	 
	Section 14.2	Effect of Facility
    Termination Event	138
	 	 	 
	Section 14.3	Rights Upon Facility
    Termination Event	138139

 

    vi

     

    

 

	ARTICLE
    XV	THE AGENTS	139140
	 	 	 
	Section 15.1	Appointment	139140
	 	 	 
	Section 15.2	Delegation of
    Duties	139140
	 	 	 
	Section 15.3	Exculpatory Provisions	139140
	 	 	 
	Section 15.4	Reliance by Note
    Agents	140141
	 	 	 
	Section 15.5	Notices	140141
	 	 	 
	Section 15.6	Non-Reliance on
    Note Agents	141
	 	 	 
	Section 15.7	Indemnification	141142
	 	 	 
	Section 15.8	Successor Agent	142143
	 	 	 
	Section 15.9	Note Agents in
    their Individual Capacity	142143
	 	 	 
	Section 15.10	Compliance with
    Applicable Banking Law	143
	 	 	 
	Section 15.11	The Paying Agent	143
	 	 	 
	ARTICLE XVI	ASSIGNMENTS	146147
	 	 	 
	Section 16.1	Restrictions on
    Assignments	146147
	 	 	 
	Section 16.2	Documentation	146147
	 	 	 
	Section 16.3	Rights of Assignee	146147
	 	 	 
	Section 16.4	Notice of Assignment
    by Lenders	147
	 	 	 
	Section 16.5	Registration;
    Registration of Transfer and Exchange	147148
	 	 	 
	Section 16.6	Mutilated, Destroyed,
    Lost and Stolen Notes	148149
	 	 	 
	Section 16.7	Persons Deemed
    Owners	149
	 	 	 
	Section 16.8	Cancellation	149
	 	 	 
	Section 16.9	Participations;
    Pledge	149150
	 	 	 
	Section 16.10	Reallocation of
    Advances	150
	 	 	 
	ARTICLE XVII	INDEMNIFICATION	150151
	 	 	 
	Section 17.1	Borrower Indemnity	150151
	 	 	 
	Section 17.2	Collateral Manager
    Indemnity	152153

 

    vii

     

    

 

	Section
    17.3	Contribution	153
	 	 	 
	ARTICLE XVIII	MISCELLANEOUS	153154
	 	 	 
	Section 18.1	No Waiver; Remedies	153154
	 	 	 
	Section 18.2	Amendments, Waivers	154
	 	 	 
	Section 18.3	Notices, Etc.	155
	 	 	 
	Section 18.4	Costs, Expenses
    and Taxes	155
	 	 	 
	Section 18.5	Binding Effect;
    Survival	155156
	 	 	 
	Section 18.6	Captions and Cross
    References	156
	 	 	 
	Section 18.7	Severability	156157
	 	 	 
	Section 18.8	GOVERNING LAW	156157
	 	 	 
	Section 18.9	Counterparts;
    Electronic Execution	156157
	 	 	 
	Section 18.10	WAIVER OF JURY
    TRIAL	156157
	 	 	 
	Section 18.11	No Proceedings	157
	 	 	 
	Section 18.12	Limited Recourse
    to the Lenders	157158
	 	 	 
	Section 18.13	ENTIRE AGREEMENT	158
	 	 	 
	Section 18.14	Confidentiality	158159
	 	 	 
	Section 18.15	Replacement of
    Lenders	159
	 	 	 
	Section 18.16	No Advisory or
    Fiduciary Responsibility	159160
	 	 	 
	Section 18.17	Option to Acquire
    Rating	160161
	 	 	 
	Section 18.18	Acknowledgement
    and Consent to Bail-In of EEA Financial Institutions	160161
	 	 	 
	Section 18.19	Acknowledgement
    Regarding Any Supported QFCs	161

  

    viii

     

    

  

	EXHIBIT A	Form of Note
	EXHIBIT B	Audit Standards
	EXHIBIT C-1	Form of Advance Request
	EXHIBIT C-2	Form of Electronic Asset Approval Request
	EXHIBIT C-3	Form of Electronic Asset Approval Notice
	EXHIBIT D	Form of Distribution Date Statement
	EXHIBIT E	Form of Custodian Certification
	EXHIBIT F-1	Request for Release
	EXHIBIT F-2	Request for Release and Receipt
	EXHIBIT F-3	Request for Release of Request for Release and Receipt
	EXHIBIT G	Executive Officers of Custodian
	EXHIBIT H	Form of Collateral Manager’s Acknowledgement
	EXHIBIT I	Section 4.3 Certificate
	EXHIBIT J-1	Required Contract Files
	EXHIBIT J-2	Securities Documents
	EXHIBIT K	PitchBook Industry Codes
	EXHIBIT L	Form of Joinder Agreement
	EXHIBIT M	Form of Borrowing Base Certificate
	SCHEDULE 7.13	Lockbox Accounts
	SCHEDULE 8.1	Borrower Accounts
	ANNEX I	Credit and Collection Policy

 

    	 	i	 

     

    

 

RECEIVABLES FINANCING AGREEMENT

 

THIS RECEIVABLES FINANCING
AGREEMENT (this “Agreement”) is made and entered into as of July 15, 2020, among TPGVCTPVC
FUNDING COMPANY LLC, a Maryland limited liability company (the “Borrower”), TRIPLEPOINT PRIVATE
VENTURE CREDIT INC., a Maryland corporation, in its individual capacity (“TPVC”) and as collateral manager
(in such capacity, together with its successors and permitted assigns in such capacity, the “Collateral Manager”)
and as sole equityholder of the Borrower (the “Equityholder”), each LENDER (as hereinafter defined) FROM TIME
TO TIME PARTY HERETO, U.S. BANK NATIONAL ASSOCIATION, as Custodian (as hereinafter defined), VERVENT INC., as Backup Collateral
Manager (as hereinafter defined), DEUTSCHE BANK TRUST COMPANY AMERICAS, as paying agent (in such capacity, the “Paying
Agent”) and as Collection Account Bank (as hereinafter defined), DEUTSCHE BANK AG, NEW YORK BRANCH, as Facility
Agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Facility Agent”)
and DEUTSCHE BANK AG, NEW YORK BRANCH and MUFG UNION BANK, N.A. as Joint Lead Arrangers (each such party, in such capacity, the
 “Joint Lead Arrangers”).

 

RECITALS

 

WHEREAS, the Borrower
desires that each Lender extend financing on the terms and conditions set forth herein and also desires to retain the Collateral
Manager, the Backup Collateral Manager and the Custodian to perform certain collateral management functions related to the Transferred
Contracts (as defined herein) and the Borrower Collateral (as defined herein) on the terms and conditions set forth herein; and

 

WHEREAS, each Lender
desires to extend financing on the terms and conditions set forth herein and the Collateral Manager, the Backup Collateral Manager
and the Custodian each desire to perform certain functions related to the Transferred Contracts and the Borrower Collateral on
the terms and conditions set forth herein.

 

NOW, THEREFORE, based
upon the foregoing Recitals, the premises and the mutual agreements herein contained, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:

 

ARTICLE I

DEFINITIONS

 

Section
1.1         Defined Terms. As used in this Agreement, the following terms
have the following meanings:

 

“Account
Agreement” means the Account Bank Agreement, dated as of the date hereof, among Deutsche Bank Trust Company Americas,
as account bank, the Collateral Manager, the Borrower and the Facility Agent that governs the Borrower Accounts.

 

     

     

    

 

other purposes, the GBP-Dollar spot rate or the Euro-Dollar
spot rate, as applicable, that appeared in the Wall Street Journal for GBP or Euro at the end of the immediately preceding Business
Day.

 

“Applicable
Exchange Rate” means with respect to any Contract denominated and payable in Euros or GBPs on any day, the lesser of
(a) the applicable currency-Dollar spot rate used by the Borrower (as determined by the Collateral Manager) to acquire such
currency on the related cut-off date and (b) the Applicable Conversion Rate for such currency.

 

“Applicable
Law” means for any Person all existing and future laws, rules, regulations (including temporary and final income tax
regulations), statutes, treaties, codes, ordinances, permits, certificates, orders, licenses of and interpretations by any Official
Body applicable to such Person (including, without limitation, predatory and abusive lending laws, usury laws, the Federal Truth
in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection
Practices Act, the Federal Trade Commission Act, the Magnuson Moss Warranty Act, the Federal Reserve Board’s Regulations
 “B” and “Z”, the Servicemembers Civil Relief Act of 2003 and state adaptations of the National Consumer
Act and of the Uniform Consumer Credit Code and all other consumer credit laws and equal credit opportunity and disclosure laws)
and applicable judgments, decrees, injunctions, writs, awards or orders of any court, arbitrator or other administrative, judicial,
or quasi-judicial tribunal or agency of competent jurisdiction.

 

“Applicable
Margin” means (i) prior to the Scheduled Facility Termination Date and the Maturity Date, 3.50% per annum, (ii) after
the Scheduled Facility Termination Date but prior to the Maturity Date, 4.50% per annum and (iii) on and after the Facility
Termination Date, 7.50% per annum for all Advances (or any portion thereof) which shall be funded at the Alternate Base Rate.

 

“APR”
of a Contract means, in the case of a Loan, the interest rate or annual rate of finance charges used to determine periodic payments
with respect to the related Contract Payment or, in the case of a Lease, the Imputed Lease Rate.

 

“Asset Coverage
Ratio” means the ratio, determined on a consolidated basis based on the quarterly financial statements and/or annual
financial statements, as applicable, of TPVC, without duplication, of (a) the fair market value of the total assets of TPVC and
its consolidated Subsidiaries as required by, and in accordance with, GAAP and Applicable Law and any orders of the Securities
and Exchange Commission issued to TPVC, to be determined by the Board of Directors of TPVC and reviewed by its auditors on a quarterly
basis, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of TPVC and its consolidated Subsidiaries,
to (b) the aggregate amount of Indebtedness of TPVC and its consolidated Subsidiaries, in each case as determined pursuant to
the Investment Company Act, and any orders of the Securities and Exchange Commission issued to or with respect to TPVC thereunder,
including any exemptive relief granted by the Securities and Exchange Commission with respect to the indebtedness of any SBIC
Subsidiary; provided that unfunded commitments of TPVC and/or Borrower shall not be considered Indebtedness for purposes
of this definition.

 

“Asset Approval
Notice” means an electronic notice from
the Facility Agent to Borrower and each Lender containing the information from Exhibit C-3 and that provides
the approval of

 

    5

     

    

 

“Capped Fees/Expenses
- Paying Agent” means, at any time, fees, costs and expenses due at such time (if any) to the Paying Agent under the
Transaction Documents such that the aggregate amount of such fees, costs and expenses paid to the Paying Agent under the Transaction
Documents in any calendar year do not exceed $40,000; provided that amounts in excess of such cap may be allocated to and
charged during the following calendar year (to the extent they do not exceed the $40,000 cap for such following calendar year).

 

“Carrying
Costs” means, for any Accrual Period, the sum of (i) the aggregate amount of Yield accrued during such Accrual Period
with respect to all Advances outstanding during such Accrual Period plus (ii) all unpaid amounts due and payable to the
Hedge Counterparty as of the last day of such Accrual Period plus (iii) 2.00% of
the Facility Amount.

 

“Casualty
Loss” means, with respect to any item of Contract Collateral, the loss, theft, damage beyond repair or governmental
condemnation or seizure of such item of Contract Collateral.

 

“Certification”
has the meaning set forth in Section 12.2.

 

“Change of
Control” means any of the following: (a) either of Jim Labe or Sajal Srivastava ceasing to (I) be an employee or officer
of TPVC or (II) be involved in the day-to-day management of TPVC, unless in the case of clause (I) and/or (II) TPVC shall have
within a reasonable period of time obtained a successor of at least comparable background, experience and ability who is reasonably
acceptable to the Required Lenders; (b) both of Jim Labe and Sajal Srivastava (or their approved replacements in accordance with
clause (a) above) cease to be (I) an employee or officer of TPVC or (II) involved in the day-to-day management of TPVC; (c) TPVC
ceases to directly own and control 100% of the outstanding equity interests of Borrower; (d) TPVC or parties designated or appointed
by TPVC hereunder cease to be 100% of the managers of Borrower; (e) an “Advanced Liquidity Event,” as defined under
the Registration Statement, occurs with respect to TPVC’s merger with another entity or TPVC’s sale of all or substantially
all of its assets; provided that (x) any merger or other business combination by and between TPVC and TriplePoint Venture Growth
BDC Corp., a Maryland corporation, or (y), for the avoidance of doubt, any listing of TPVC’s shares on a national securities
exchange, including in connection with an initial public offering by TPVC, shall not be a “Change of Control” under
this Agreement, (f) any “assignment” (as defined in Section 202(a)(1) of the Investment Advisors Act of 1940, as amended)
of either (i) the related investment management agreement by the Collateral Manager or (ii) the ownership interests of the Collateral
Manager and (g) TPC is no longer the investment manager of the Equityholder and an acceptable replacement (as approved by the
Required Lenders) shall not have been appointed within thirty (30) days.

 

“Charges”
means (i) all federal, state, county, city, municipal, local, foreign or other governmental taxes (including taxes owed to
the PBGC at the time due and payable); (ii) all levies, assessments, charges, or claims of any governmental entity or any
claims of statutory lienholders, the nonpayment of which could give rise by operation of law to a Lien on the Contract Payments
or the related Contracts or any other property of the Borrower, the Equityholder or TPVC and (iii) any such taxes, levies,
assessment, charges or claims which constitute a lien or encumbrance on any property of the Borrower, the Equityholder or TPVC.

 

    8

     

    

 

Lender to
the Facility Agent, such Conduit Lender’s portion of such Advance shall bear interest at a rate per annum equal to the Alternative
Rate.

 

(b)       Except
as otherwise provided in clause (c) below, with respect to each Committed Lender, the Alternative Rate.

 

(c)       With
respect to all Lenders, on and after the Maturity Date, the Alternate Base Rate.

 

“Covered
Entity” means any of the following:

 

(a)       a
 “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 

(b)       a
 “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

 

(c)       a
 “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered
Party” has the meaning set forth in Section 18.18.

 

“Credit and
Collection Policy” means (i) with respect to the initial Collateral Manager, the credit and collection policies and
practices (including underwriting parameters) relating to Contract Payments and Contracts, to be set forth as Annex I
once the same have been approved and adopted by TPVC’s Board of Directors, as the same may thereafter be modified, amended
or supplemented from time to time in compliance with Section 7.4(m) or (ii) with respect to any successor Collateral
Manager, the customary credit and collection policies of such successor Collateral Manager.

 

“Credit-Watch
List” means a list established and revised from time to time by Collateral Manager, and made available to the Facility
Agent and
each Lender, that Collateral Manager uses to monitor the credit risk of certain Obligors.

 

“Critical
Component” means, in respect of a weapons system referred to in the definition of Prohibited Defense Contract, a component
used specifically in the production of the weapon system or plays a direct role in the lethality of the weapon system.

 

“Custodial
Delivery Failure” has the meaning set forth in Section 12.11.

 

“Custodian”
means U.S. Bank National Association solely in its capacity as Custodian, together with its successors and permitted assigns in
such capacity.

 

“Custodian
Fee Letter” means (a) that certain schedule of fees of the Custodian (including in its capacity as Securities Custodian),
acknowledged by TPVC and the Borrower, as the same may be amended, supplemented or otherwise modified by the parties thereto with
the consent of the Facility Agent and (b) any letter agreement(s) or schedule of fees entered into by the Borrower, 

 

    13

     

    

 

Agent,
acting in its reasonable discretion, by written notice to the Collateral Manager. DBNY, Deutsche Bank Trust Company Americas,
State Street Bank and Trust Company and MUFG Union Bank, N.A. are deemed to be an acceptable depository institution to the Facility
Agent.

 

“Eligible
Contract” at any time of determination means a Transferred Contract under which all Scheduled Contract Payments are
then Eligible Contract Payments.

 

“Eligible
Contract Payment” means, as of any date, a Contract Payment that satisfies the following conditions, unless otherwise
added with the consent of the Borrower or, waived by the Facility Agent and the Majority Lenders in their respective sole discretion
in the related Asset Approval Notice (except for (i)
clauses (a), (f), (h), (v), (ee), (zz), (bbb), (ddd) and (eee),
which may be waived by the Facility Agent in its sole discretion and
(ii) clauses (b), (d)(i), (d)(ii), (g), (i), (j), (k), (l), (m), (n), (q), (w), (x), (aa), (ff), (gg), (mm), (nn), (ggg), (fff)
and (lll), which may be waived by the Facility Agent and the Lenders in their respective sole discretion):

 

(a)       which
is a Scheduled Contract Payment only denominated and payable in an Eligible Currency;

 

(b)       which
arises under a Contract which is (or if an Agented Contract, the Equityholder’s (and, as assignee, the Borrower’s)
undivided interest therein is) both legally and beneficially owned by the Borrower free and clear of all Adverse Claims and is
not subject to dispute, any right of rescission, set-off, recoupment, counterclaim or defense, whether arising out of transactions
concerning the Contract therefor or otherwise and which consists of a first lien on the related Contract Collateral (subject to
Permitted Liens), except as otherwise permitted in clause (ww) below;

 

(c)       which
arises under a Contract which was originated or acquired (or if an Agented Contract, entered into by syndication) by TPVC and
sold to the Borrower under the Sale Agreement and which represents a bona fide indebtedness of the Obligor;

 

(d)       which
arises under a Contract (i) which is not a Delinquent Contract, (ii) which is not a Defaulted Contract and (iii) which,
if it was previously a Delinquent Contract or a Defaulted Contract, has been current in payment for at least six months since
the date such Contract Payment was no longer a Delinquent Contract or a Defaulted Contract;

 

(e)       (i)
which, if arising under a TPC Venture Stage Contract, is not a Rewritten Contract Payment (or, if arising under a TPC Venture
Stage Contract that would otherwise be a Rewritten Contract Payment because it has extended “interest only” Scheduled
Contract Payments for not greater than twelve (12) months (such extension subject to the eligibility requirements set forth
in clause (bb) below and the concentration limits set forth in clause (n) of the definition of “Excess Concentration
Amount”) following its most recent round of equity financing or bridge financing, the value of the related Obligor has been
maintained or improved), (ii) which, if arising under a TPC Growth Stage Contract that is a Rewritten Contract Payment, the Obligor
thereon has made at least 3 consecutive timely payments (subject, in each case, to a grace period not to exceed ten (10) calendar
days) or (iii) which, if arising under a TPC Growth Stage Contract that is a Rewritten Contract

 

    17

     

    

 

(yy)     which,
if arising under a Lease, such Lease does not contain any ongoing funding or other obligations of TPVC thereunder (other than
the obligation to not interfere with the Obligor’s rights of quiet enjoyment);

 

(zz)      with
respect to any TPC Venture Stage Contract for which, as of the date such Contract is included as an Eligible Contract, the related
Obligor has closed its most recent round of equity financing or bridge financing within the prior rolling thirty-six (36) month
period;

 

(aaa)    which
does not arise under a Contract that has been designated as ‘Red (5)’ by TPVC on its Credit-Watch List;

 

(bbb)   with
respect to any Contract that is a TPC Venture Stage Contract and with respect to which the Obligor thereunder has a Debt-to-Cash
Ratio of less than 3.00 to 1.00;

 

(ccc)    is
not a Contract pursuant to which any future advances or payments may be required to be made by the Borrower, except as permitted
under clause (bb) and (tt) above;

 

(ddd)   which
arises under a Contract whose Obligor is not a Non-Sustainable Obligor;

 

(eee)   which
was documented under TPVC’s standard form loan and security agreement or standard lease agreement and other required agreements
(as reviewed and approved by the Facility Agent) or are substantially in the same form, substance and content of such approved
standard documents;

 

(fff)     for
which the Obligor thereof is (1) not an Affiliate of TPVC or the Borrower and (2) is not a governmental authority;

 

(ggg)  with
respect to which, as of the date such Contract is included as an Eligible Contract, all parties to the Contract and any related
security agreements had legal capacity to execute the Loan and any other document and each Loan or other document has been duly
executed by such parties;

 

(hhh)   with
respect to which, to the extent multiple Contracts shall be originated by the Borrower or the Equityholder (or an Affiliate thereof)
to such Obligor, whether funded hereunder, such Contracts shall contain standard cross-collateralization and cross-default provisions;

 

(iii)       is
a Contract with respect to which the Facility Agent in its sole discretion has delivered an Asset Approval Notice which has been
acknowledged and agreed by the Borrower, and shall have given the Borrower its approval to acquire pursuant to Section 2.1(b);

 

(jjj)       iswhich
arises under a Contract that hasdoes
not have Rewritten Contract Payments withoutunless
(i) otherwise being approved by the Facility Agent (in its sole discretion) or
(ii) otherwise permitted under clause (e) above;

 

    24

     

    

 

(kkk)    is
not an Agented Contract constituting a Lease with Eligible Contract Payments for which the Borrower, TPVC or any of their respective
Affiliates is not the agent and the agent thereunder that either (i) has a long term unsecured debt rating from at least
one rating agency that is below investment grade or (ii) does not carry any such rating; and

 

(lll)      which
arises under a Contract which does not by its terms permit its proceeds to be used to finance activities within the marijuana
industry or the sale of firearms, the development of adult entertainment, any form of betting and gambling or the making or collection
of pay day loans, nor will they be used to provide financing to any other industry which is illegal under Applicable Law at the
time of acquisition of such Contract.;
and

 

(lll)(mmm)     the
Obligor with respect to such Contract is a Person (other than a natural person) that is duly organized and validly existing
under the laws of an Eligible Jurisdiction.

 

“Eligible
Currency” means Dollars, GBPs and Euros.

 

“Eligible
Jurisdiction” means, with respect to Obligors of TPC Growth Stage Contracts only,
the U.S., the United Kingdom, Israel, Germany, Switzerland, Singapore, the Cayman Islands, Cyprus, Canada, France, Hong Kong,
Mauritius, the Netherlands, Australia, China and India, or any other country approved by the Facility Agent in its sole discretion.

 

“Environmental
Laws” means any and all foreign, federal, state and local laws, statutes, ordinances, rules, regulations, permits, licenses,
approvals, interpretations and orders of courts or Official Bodies, relating to the protection of human health or the environment,
including requirements pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation,
handling, reporting, licensing, permitting, investigation or remediation of Hazardous Materials. Environmental Laws include the
Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9601 et seq.), the Hazardous
Material Transportation Act (49 U.S.C. § 331 et seq.), the Resource Conservation and Recovery Act (42 U.S.C.
 § 6901 et seq.), the Federal Water Pollution Control Act (33 U.S.C. § 1251 et seq.), the Clean
Air Act (42 U.S.C. § 7401 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601 et seq.),
the Safe Drinking Water Act (42 U.S.C. § 300, et seq.), the Environmental Protection Agency’s regulations
relating to underground storage tanks (40 C.F.R. Parts 280 and 281), and the Occupational Safety and Health Act
(29 U.S.C. § 651 et seq.), and the rules and regulations thereunder, each as amended or supplemented from
time to time.

 

“Equityholder”
means TriplePoint Private Venture Credit Inc., a Maryland corporation.

 

“ERISA”
means the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, including all regulations promulgated
thereunder.

 

“ERISA Affiliate”
means any Person that, for purposes of Title IV of ERISA, is a member of the Borrower’s “controlled group” or
is under “common control” with the Borrower, within the meaning of Section 414 of the Code.

 

    25

     

    

 

Balance of
all Transferred Contracts set forth opposite such period for such business segment:

 

	Period	 	TPC Growth Stage

    Contract	 	TPC Venture Stage

    Contract
	greater than 42 months	 	N/A%	 	25%
	greater than 48 months	 	N/A%	 	3%
	greater than 60 months	 	0%	 	0%

 

(e)       (i)
the excess, if any, of the Aggregate Outstanding Principal Balance of all Contracts that are TPC Venture Stage Contracts with
(1) Eligible Contract Payments related to all Obligors who are not domiciled in the U.S. or are
not organized in the U.S. over 15% of the Aggregate Contracts Balance of all Transferred Contracts and (2) Eligible
Contract Payments related to all Obligors who are domiciled in an Eligible Jurisdiction other than the U.S.,
the United Kingdom or Germany or are organized in an Eligible Jurisdiction other than the U.S.,
United Kingdom or Germany over 515%
of the Aggregate Contracts Balance of all Transferred Contracts and (2)
Eligible Contract Payments related to all Obligors who are domiciled in an Eligible Jurisdiction other than the U.S., the United
Kingdom or Germany or are organized in an Eligible Jurisdiction other than the U.S., United Kingdom or Germany over 5% of the
Aggregate Contracts Balance of all Transferred Contracts and (ii) the excess, if any, of the Aggregate Outstanding
Principal Balance of all Contracts that are TPC Growth Stage Contracts with (1) Eligible Contract Payments related to all Obligors
who are domiciled in an Eligible Jurisdiction other than the U.S. or are organized in an Eligible Jurisdiction other than the
U.S. over 20% of the Aggregate Contracts Balance of all Transferred Contracts and (2) Eligible Contract Payments related to all
Obligors who are domiciled in an Eligible Jurisdiction other than the U.S., the United Kingdom or Germany or are organized in
an Eligible Jurisdiction other than the U.S., United Kingdom or Germany over 10% of the Aggregate Contracts Balance of all Transferred
Contracts;

 

(f)       (i)
the excess, if any, of the Aggregate Outstanding Principal Balance of all Agented Contracts that are TPC Venture Stage Contracts
with Eligible Contract Payments owing by Obligors (1) for which the Borrower, the Equityholder or Collateral Manager does
not possess the power to control the actions of the facility under which such Agented Contract arises over 5% of the Aggregate
Contracts Balance of all Transferred Contracts that are TPC Venture Stage Contracts and (2) for all other such Agented Contracts,
over 10% of the Aggregate Contracts Balance of all Transferred Contracts and (ii) the excess, if any, of the Aggregate Outstanding
Principal Balance of all Agented Contracts that are TPC Growth Stage Contracts (other than TriplePoint Agented Contracts) with
Eligible Contract Payments owing by Obligors for which the Equityholder, the Collateral Manager and their Affiliates fail to either
(i) individually or collectively hold greater than 50% of the voting interest in such Contract, (ii) hold a minority blocking
interest against all material consents, amendments, waivers or approvals thereunder or (iii) hold enforcing lender rights, over
10% of the Aggregate Contracts Balance of all Transferred Contracts;

 

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original
of each related promissory note has not been delivered to the Custodian (to the extent permitted by Section 10.21) over
15% of the Aggregate Contracts Balance of all Transferred Contracts;

 

(o)       the
excess, if any, of the Aggregate Outstanding Principal Balance of all Contracts that are TPC Growth Stage Contracts and are Deferrable
Contracts (and are not Excluded Deferrable Contracts) over 15% of the Aggregate Contracts Balance of all Transferred Contracts
that are TPC Growth Stage Contracts;

 

(p)       the
excess, if any, of the Aggregate Outstanding Principal Balance of all Contracts that are Product 4 Contracts with Eligible Contract
Payments over 25% of the Aggregate Contracts Balance of all Transferred Contracts; provided that the Aggregate Outstanding
Principal Balance of all Contracts that are TPC Venture Stage Contracts with Eligible Contract Payments that are Product 4 Contracts
may be up to 10% of the Aggregate Contracts Balance of all Transferred Contracts;

 

(q)       the
excess, if any, of the Aggregate Outstanding Principal Balance of all Contracts that are Product 5 Contracts with Eligible Contract
Payments over (i) until the six month anniversary of the Effective Date, 30% of the Aggregate Contracts Balance of all Transferred
Contracts and (ii) thereafter, 25% of the Aggregate Contracts Balance of all Transferred Contracts;

 

(r)       the
excess, if any, of the Aggregate Outstanding Principal Balance of all Contracts that are Product 6 Contracts with Eligible Contract
Payments over 50% of the Aggregate Contracts Balance of all Transferred Contracts; provided that the Aggregate Outstanding
Principal Balance of all Contracts that are TPC Venture Stage Contracts with Eligible Contract Payments that are Product 6 Contracts
may be up to 25% of the Aggregate Contracts Balance of all Transferred Contracts; and

 

(s)       the
excess, if any, of the Aggregate Outstanding Principal Balance of all Contracts that are denominated in an Eligible Currency other
than Dollars over 15% of the Aggregate Contracts Balance of all Transferred Contracts.

 

“Excluded
Amounts” means any amounts relating to diligence, legal, facility, tax, filing, insurance, maintenance and ancillary
products and services.

 

“Excluded
Deferrable Contract” means a Deferrable Contract that either (a) has
a required cash pay interest component that is greater than 50% of the total interest rate of such Contract orand
(b) has a required cash pay interest component equal to or greater than 9.00%.

 

“Excluded
Taxes” has the meaning set forth in Section 4.3(e).

 

“Executive
Officer” means, with respect to the Borrower, the Collateral Manager or TPVC, the Chief Executive Officer, President,
the Chief Operating Officer or the Chief Financial Officer of such Person, with respect to the Custodian, the individuals listed
on Exhibit G, and, with respect to any other Person, the President, Chief Financial Officer or any Vice President.

 

“Extending
Lender Group” has the meaning set forth in Section 2.8(a).

 

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“Extension
Request” has the meaning set forth in Section 2.8(a).

 

“Facility
Agent” has the meaning set forth in the Preamble.

 

“Facility
Amount” means (a) prior to the Facility Termination Date, $150,000,000250,000,000
as such amount may be reduced pursuant to Section 2.4 or increased pursuant to Section 2.9 and (b) thereafter,
the Advances outstanding.

 

“Facility
Termination Date” means the earliest to occur of (i) the Scheduled Facility Termination Date, and (ii) the
effective date on which the facility hereunder is terminated pursuant to Section 14.2.

 

“Facility
Termination Event” means any of the events described in Section 14.1.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement, and any current or future regulations or official
interpretations thereof.

 

“Federal
Funds Rate” means, for any period, the greater of (a) 0.0% and (b) a fluctuating rate per annum equal for each day during
such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System
arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business
Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the
average of the quotations for such day on such transactions received by the Facility Agent from three federal funds brokers of
recognized standing selected by it.

 

“Fee Letter”
means each letter agreement among a Lender, the Borrower and TPVC described in Section 8.6.

 

“Fees”
means the Prepayment Fee and those certain other fees payable by the Borrower under the Transaction Documents in accordance with
the provisions set forth in Section 8.6.

 

“Finance
Lease” means a Lease whereby TPVC is deemed to have made a loan to the Obligor, which loan is secured by the Obligor’s
ownership interest in the related Contract Collateral, and the lease or installment payments thereon represent repayment on such
Loan.

 

“Finance
Vehicles” means (i) any recourse financing facility approved by the Facility Agent in its sole discretion, and (ii)
any refinancing or replacement facility of any of the foregoing from time to time approved by the Facility Agent in its sole discretion.

 

“Fitch”
means Fitch, Inc., Fitch Ratings Ltd. and their subsidiaries, including Derivative Fitch Inc. and Derivative Fitch Ltd.
and any successor thereto.

 

“Fundamental
Amendment” means any amendment, modification, waiver or supplement of or to this Agreement that would (a) increase or extend
the term of the Commitments (other than an increase in the Commitment of another Lender or the addition of a new Lender) or change
the Facility Termination Date, (b) extend the date fixed for the payment of principal of or Yield on any Advance or any fee hereunder,
in each case owing to such Lender, (c) reduce the amount of

 

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any such payment of principal or Yield owing to such Lender, (d) reduce
the rate at which Yield is payable to such Lender or any fee is payable hereunder to such Lender, excluding in each case, any
such reduction as a result of a full or partial waiver of Yield or fees accruing at a default rate imposed during an Facility
Termination Event or a result of a waiver of an Facility Termination Event, (e) release any material portion of the Collateral,
except in connection with dispositions permitted hereunder, (f) alter the terms of Section 2.4(a), Section 18.2 or Section 18.11
or any related definitions or provisions in a manner that would alter the effect of such Sections, (g) modify the definition of
 “Required Lenders” or “Majority Lenders” or modify in any other manner the number or percentage of the
Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, (h) amend, modify
or waive the definitions of “Advance Rate,” “Borrowing Base,” “Excess Concentration Amount,”
 “Facility Termination Date,” “Facility Termination Event,” “Maturity Date”, “Maximum
Availability” or “Minimum Equity Condition” or any definition used therein in a manner which would have the
effect of making more credit available to the Borrower, or make such provision less restrictive on the Borrower in any other material
fashion, (i) alter the provisions providing for pro rata treatment of Advances, reductions in the Facility Amount or Commitments,
allocation of Commitments in connection with an extension of the Scheduled Facility Termination Date, allocation of payments and
Advances to non-Defaulting Lenders or allocation of payments as, respectively, set forth in Sections 2.6, 2.8, 4.1 and 8.5, (j)
materially modify the form or details of the Monthly Report in a manner that reduces the reporting requirements or (k) agree to
the direct or indirect subordination of any lien or claim securing the Obligations.

 

“Funded
Equity” at any time of determination means, as to the Borrower, the greater of (i)(a) the sum of (x)
the Aggregate Contracts Balance andplus
(y) (without duplication) the equivalent in Dollars, as determined by the Collateral Manager using the Applicable Conversion
Rate, of all cash then on deposit in the Collection Account less (b) the sum of theaggregate
principal amount
of all Advances then outstanding under this Agreement and (ii) $0.

 

“GAAP”
means generally accepted accounting principles in the United States, which are applicable to the circumstances as of any date
of determination.

 

“GBP”
means the lawful currency for the time being of the United Kingdom.

 

“Growth Capital
Loan” means a Loan duly executed and delivered by an Obligor to the Borrower in order to finance any business operations
and general corporate activities, and, in each case, which is secured by a Lien on substantially all assets of such Obligor.

 

“Hazardous
Materials” means all materials subject to any Environmental Law, including materials listed in 49 C.F.R. §172.101,
materials defined as hazardous pursuant to § 101(14) of the Comprehensive Environmental Response, Compensation and Liability
Act of 1980, as amended, flammable, explosive or radioactive materials, hazardous or toxic wastes or substances, lead-based materials,
petroleum or petroleum distillates or asbestos or material containing asbestos, polychlorinated biphenyls, radon gas, urea formaldehyde
and any substances classified as being “in inventory”, “usable work in process” or similar classification
that would, if classified as unusable, be included in the foregoing definition.

 

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“Indebtedness”
means, with respect to any Person at any time, any (a) indebtedness or liabilities of such Person for borrowed money whether
or not evidenced by bonds, debentures, notes or other instruments, or for the deferred purchase price of property or services
(including trade obligations); (b) obligations of such Person as lessee under leases which should have been or should be,
in accordance with GAAP, recorded as capital leases; (c) current liabilities of such Person in respect of unfunded vested
benefits under plans covered by Title IV of ERISA; (d) obligations issued for or liabilities incurred on the account
of such Person; (e) obligations or liabilities of such Person arising under acceptance facilities; (f) obligations of
such Person under any guarantees, endorsements (other than for collection or deposit in the ordinary course of business) and other
contingent obligations to purchase, to provide funds for payment, to supply funds to invest in any Person or otherwise to assure
a creditor against loss; (g) obligations of such Person secured by any Lien on property or assets of such Person, whether
or not the obligations have been assumed by such Person; or (h) obligations of such Person under any interest rate or currency
exchange agreement or other Hedging Agreement.

 

“Indemnified
Amounts” has the meaning set forth in Section 17.1.

 

“Indemnified
Party” has the meaning set forth in Section 17.1.

 

“Indemnity
Period” has the meaning set forth in Section 5.2.

 

“Independent
Accountants” means a firm of nationally recognized independent certified public accountants.

 

“Industry”
means,
as of any date of determination, the industry of an Obligor as determined, in the reasonable discretion of the Collateral
Manager, by
reference for all Obligors as of thesuch
date of determination by reference to either the North American Industry
Classification System code (successor to the four digit standard industry classification (SIC) code) or the industry segments
set forth in Exhibit K.

 

“Ineligible
Contract” has the meaning set forth in Section 7.14.

 

“Initial
Contract Balance” means, with respect to any Contract evidencing a Loan, the excess of (x) the aggregate amount
advanced by TPVC or the Borrower under such Contract toward the purchase price of the Contract Collateral, including insurance
premiums, service and warranty contracts, federal excise and sales taxes and other items customarily financed as part of a commercial
loan evidenced by a note and secured by Contract Collateral and related costs, less any Residual, over (y) payments received
from the Obligor prior to the related Advance Date that have been allocated in accordance with the terms of such Contract to the
reduction of the unpaid principal balance of such Contract and in accordance with GAAP.

 

“Insolvency
Event” means, with respect to any Person, (a) the entry of a decree or order for relief by a court having jurisdiction
in the premises in respect of such Person or any substantial part of its property in an involuntary case under any applicable
federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator or similar official for such Person or for any substantial part of its property, or
ordering the winding-up or liquidation of such Person’s affairs, or the commencement of an involuntary case under the federal
bankruptcy laws, as now or hereinafter in

 

    34

     

    

 

period or, if the related Obligor closed its most recent round of equity financing or
bridge financing more than twenty-four (24) months ago (measured on a rolling basis), such Obligor has sufficient cash reserves
on hand to maintain its current and projected operations for the immediately following eight (8) month period (in each case, as
determined by TPVC, in its reasonable business judgment); provided that any Contract for which the related Obligor has
executed a term sheet (and the Borrower shall promptly notify the Facility Agent that such term sheet has been executed and shall,
upon the request of the Facility Agent, promptly deliver such term sheet to the Facility Agent) to raise equity financing or investor
bridge financing (i) is for sufficient cash to maintain the Obligor’s current and projected operations for the immediately
following twelve (12) month period and (ii) is expected to close no later than three (3) months from the date of such execution
shall not be deemed to be subject to a Revaluation Event under this clause (a) (but if such equity financing or investor
bridge financing does not close within such three (3) month period, a Revaluation Event shall have been deemed to have occurred
at the end of such three (3) month period);

 

(b)       the
related Obligor does not have sufficient cash reserves on hand (including the undrawn committed capital of such Obligor) to maintain
its current and projected operations for the immediately following four (4) month period (as determined by TPVC, in its reasonable
business judgment);

 

(c)       any
Contract has been designated as ‘Orange (4)’ by TPVC on its Credit-Watch List;

 

(d)       (i)
with respect to a TPVCTPC
Growth Stage Contract, the Obligor thereunder has a Debt-to-Equity Ratio that exceeds 65% and (ii) with respect to
a TPVCTPC
Venture Stage Contract, the Obligor thereunder has a Debt-to-Equity Ratio that exceeds 50%;

 

(e)       the
related Obligor has closed its most recent round of equity financing for an amount that is less than the immediately prior round
of equity financing;

 

(f)        the
related Obligor under any Contract has a Debt-to-Cash Ratio that equals or exceeds 2.00 to 1.00;

 

(g)       any
Contract Payment at any time has Rewritten Contract Payments without the consent of the Facility Agent in its sole discretion;

 

(h)       the
related Obligor fails to deliver to the Borrower or the Collateral Manager any financial reporting information (i) as required
by the information, documents, records or reports respecting the Transferred Contracts or the Related Security (without giving
effect to any applicable grace period thereunder) and (ii) no less frequently than quarterly; and

 

(i)        the
related Obligor undergoes a merger, acquisition or other restructuring that results in a change of control in such Obligor;

 

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“Scheduled
Contract Payment” means each periodic installment payable by an Obligor under a Contract for rent, principal, interest
and/or unutilized/commitment fees (as applicable), excluding all supplemental or additional payments required by the terms of
such Contract with respect to sales or other taxes, insurance, maintenance, ancillary products and services, late fees, penalties,
default interest and other specific charges.

 

“Scheduled
Facility Termination Date” means the earliest of (i) July 15, 2021 (unless a later date has been agreed to in writing
by the Facility Agent and each Lender as requested by the Borrower in accordance with Section 2.92.8),
(ii) the date on which the Interest Spread Test Termination Event occurs, (iii) an “Advanced Liquidity Event” occurs
with respect to a listing of shares on a national securities exchange in connection with an initial public offering, unless TPC
continues as the investment manager of the Equityholder after the effective date of any such initial public offering and (iv)
a default under the constituent documents of the Equityholder.

 

“Section
4.3 Certificate” has the meaning set forth in Section 4.3(e)(ii).

 

“Secured
Parties” means, collectively, each Lender, the Facility Agent, the Backup Collateral Manager, the Custodian, the Paying
Agent, the Collection Account Bank, each other Affected Person and Indemnified Party and Hedge Counterparty and their respective
successors and assigns.

 

“Securities
Custodian” means, the Custodian in its capacity as securities custodian as appointed in Section 12.19 hereunder.

 

“Securities
Documents” means, the Warrant Documents and the Portfolio Investments as listed on Exhibit J-2.

 

“Security
Deposit Collection Account” means the account designated as the Security Deposit Collection Account in, and which is
established and maintained pursuant to, Section 8.1(a).

 

“Settlement
Date” means, with respect to any Advance, (x) each Distribution Date and (y) the date on which the Borrower
shall prepay such Advance pursuant to Section 2.4.

 

“Standard
 & Poor’s” means S&P Global Ratings, a Standard & Poor’s Financial Services LLC business (or
its successors in interest).

 

“Structured
Lender” means any Person whose principal business consists of issuing commercial paper, medium term notes or other securities
to fund its acquisition and maintenance of receivables, accounts, instruments, chattel paper, general intangibles and other similar
assets or interests therein and which is required by any nationally recognized statistical rating organization which is rating
such securities to obtain from its principal debtors an agreement such as that set forth in Section 18.11(a) of this
Agreement in order to maintain such rating.

 

“Structured
Lender Liquidity Arrangement” means each liquidity, credit enhancement or “back-stop” purchase or loan facility
for a Lender which is a Structured Lender relating to this Agreement.

 

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(j)       [Reserved].

 

(k)       Commingling.
The Collateral Manager shall not deposit or permit the deposit of any funds (other than Excluded Amounts) that do not constitute
Collections of Contract Payments or other proceeds of any Transferred Contracts into a Lockbox Account.

 

(l)       Taxes.
The Collateral Manager will file on timely basis all material tax returns (including foreign, federal, state, local and otherwise)
required to be filed and will pay all material taxes due and payable by it or any assessments made against it or any of its property
and all other material taxes, fees or other charges imposed on it or any of its property by any Official Body (other than any
amount the validity of which is contested in good faith by appropriate proceedings and with respect to which reserves in conformity
with GAAP are provided on the books of the Collateral Manager).

 

(m)       Collateral
Management Obligations. The Collateral Manager will not (i) amend, waive or otherwise modify the Credit and Collection
Policy without the prior written consent of the Facility Agent, (ii) agree to any amendment, waiver or other modification
of the Transaction Document to which it is a party without the prior written consent of the Facility Agent, (iii) agree or permit
the Borrower to agree to (x) any Contract having Rewritten Contract Payments after the occurrence of an Unmatured Facility Termination
Event or a Facility Termination Event or (y) any Contract having any Rewritten Contract Payment set forth in clause (d) of the
definition thereof after the Scheduled Facility Termination Date, in each case, unless consented to by the Facility Agent, (iv)
interpose any claims, offsets or defenses it may have as against the Borrower as a defense to its performance of its obligations
in favor of any Affected Person hereunder or under any other Transaction Documents or (v) change its fiscal year to be other
than January 1 through December 31; provided that, with respect to the occurrence of any Rewritten Contract Payment
as set forth in clause (c) of the definition thereof, the Collateral Manager shall cause (or cause the Borrower to cause) the
execution of an intercreditor agreement in form and substance satisfactory to the Facility Agent.

 

(n)       Notices.
The Collateral Manager (except in the case of successor Collateral Manager (whether the Backup Collateral Manager or otherwise))
shall furnish, or cause to be furnished, to the Facility Agent (and,
in the case of clause (i) below, to all Lenders):

 

(i)       within
the earlier of (A) ninety (90) days of the end of each calendar year and (B) fifteen (15) days after such information is produced,
a copy of the quarterly reviews and the amendments and/or waiver memos (if any) with respect to each Obligor as performed by the
Collateral Manager and any other documentation in connection with each Transferred Contract as reasonably requested by the Facility
Agent; and

 

(ii)       promptly
(but in no event later than three (3) Business Days) after any of its Responsible Officers having obtained actual knowledge thereof,
notice of any Unmatured Collateral Manager Default, Unmatured Facility Termination Event, Collateral Manager Default or Facility
Termination Event; and

 

(iii)       promptly,
in reasonable detail, of (i) the occurrence of any Revaluation Event with respect to any Contract (including any custom revaluation
events included

 

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(b)       Prior
to each such Distribution Date, the Backup Collateral Manager shall use such tape or diskette (or other means of electronic transmission
acceptable to the Backup Collateral Manager and, if applicable, the Facility Agent) and review the related Distribution Date Statement
against such electronic transmission in order to perform the following:

 

(i)         confirm
that the Distribution Date Statement is complete on its face;

 

(ii)         recalculate
the Borrowing Base as of such Collateral Manager Report Date;

 

(iii)       calculate
the rolling three month average Delinquency Ratio, the Delinquency Ratio for such Collection Period, the rolling three month Default
Ratio, the Interest Coverage Ratio for TPVC (as of such Collateral Manager Report Date) and the Debt Service Coverage Ratio for
the Borrower (as of such Collateral Manager Report Date);

 

(iv)       review
(1) the Aggregate Outstanding Principal Balance of the Transferred Contracts and all amounts collected on or in respect of the
Contracts; (2) the contract payment rate on each Transferred Contract; (3) the remaining term to maturity of each Transferred
Contract; and

 

(v)       verify
the mathematical accuracy of any calculations on the face of the Distribution Date Statement;

 

(vi)       confirm
the existence of the occurrence of any Revaluation Event with respect to any Contract (including any custom revaluation events
included in the definition of “Revaluation Event” by the Facility Agent as a condition of its approval of any Contract),
or a Contract having Rewritten Contract Payments; and

 

(v)(vii)  confirm
the sale, exercise or other monetization of, and the listing of the existing and future positions of, any Warrant Asset.

 

(c)       In
the event of any discrepancy between the information set forth in clause (b) above as calculated by the Collateral
Manager from that determined or calculated by the Backup Collateral Manager, the Backup Collateral Manager shall promptly report
such discrepancy to the Collateral Manager and the Facility Agent. In the event of a discrepancy as described in the preceding
sentence, the Collateral Manager and the Backup Collateral Manager shall attempt to reconcile such discrepancies prior to the
related Distribution Date, but in the absence of a reconciliation, distributions on the related Distribution Date shall be made
by the Facility Agent consistent with the information provided by the Collateral Manager, and the Collateral Manager and the Backup
Collateral Manager shall attempt to reconcile such discrepancies prior to the next Collateral Manager Report Date. If the Backup
Collateral Manager and the Collateral Manager are unable to reconcile discrepancies with respect to such Distribution Date Statement
by the next Collateral Manager Report Date, the Collateral Manager shall deliver to the Facility Agent an Officer’s Certificate,
prior to the next Collateral Manager Report Date, describing the nature and amount of such discrepancies and the actions the Collateral
Manager proposes to take with respect thereto. If the Collateral Manager fails to reconcile such discrepancies within fifteen
days following the date of the Officer’s Certificate, the Collateral Manager shall cause the Independent Accountants, at
the Collateral Manager’s expense, to

 

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Facility Agent, make to any other
party to such Transaction Documents such demands and requests for information and reports or for action as the Borrower is entitled
to make thereunder.

 

Section 10.20        Notice
of Material Adverse Claim. It shall advise the Facility Agent promptly, in reasonable detail, (i) of any material Adverse
Claim, other than a Permitted Lien, known to it made or asserted against any of the Borrower Collateral, and (ii) of the
occurrence of any event which would have a material adverse effect on the aggregate value of the Borrower Collateral or on the
assignments and security interests granted by the Borrower in this Agreement.

 

Section 10.21        Delivery
of Original Promissory Notes. (a)  The Borrower shall deliver as soon as possible (but in no event later than five
(5) Business Days after its acquisition of a Contract), each fully executed, original, related promissory note to the Custodian
as contemplated by Section 12.1. If the Borrower is unable to deliver any such fully executed, original promissory note
on the date of its acquisition of a Contract, it shall deliver a copy of such promissory note, marked to show that such promissory
note is subject to the Lien of the Facility Agent, on such date of acquisition to the Custodian as contemplated by Section
12.1, and such copies shall be deemed to fill the requirements set forth in the definition of “Contract File”
until the earlier to occur of (i) delivery of the original or (ii) the date that is five (5) Business Days after the Borrower’s
acquisition of the related Contract. In addition, promptly following the occurrence of a Facility Termination Event, the Borrower
shall deliver to the Custodian (with a copy to the Facility Agent at the email addresses set forth above) a fully executed assignment
in blank for each Contract for which the Collateral Manager, the Equityholder or any of their respective Affiliates is the loan
agent. The Borrower shall maintain (or cause to be maintained) for the Secured Parties in accordance with their respective interests
all Records that evidence or relate to the Collections not previously delivered to the Custodian and shall, as soon as reasonably
practicable upon demand of the Facility Agent, make available, or, upon the Facility Agent’s demand following the occurrence
and during the continuation of a Collateral Manager Default, deliver to the Facility Agent copies of all such Records which evidence
or relate to the Collections.

 

(b)       The
Borrower shall deliver the following: (i) all Asset Approval Requests and Advance Requests to lenderfinance_collatreview@list.db.com,
(ii) Distribution Date Statements delivered in connection with Section 7.6 to csg.india@db.com, abs.conduits@db.com, dbinvestor@list.db.com,
amit.patel@db.com, james.kwak@db.com, and erica.flor@db.com and
jerry-b.li@db.com, (iii) requests or notices delivered in accordance with Sections 2.2 or 2.4, to abs.conduits@db.com,
lenderfinance_collatreview@list.db.com, amit.patel@db.com, james.kwak@db.com and,
erica.flor@db.com and
jerry-b.li@db.com and (iv) obligor reports delivered in connection with Section 7.4(n)(iv) to gcrt.ratingrequests@db.com
and lenderfinance_collatreview@list.db.com; provided that any document delivered pursuant to this Section 10.21
shall be deemed as delivered if it is posted to an electronic system agreed upon between the Borrower and Facility Agent.

 

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ana
Facility Termination Event of Default, unless a Responsible Officer
of the Custodian has knowledge of such matter or written notice thereof is received by the Custodian.

 

Section 12.4        Release
of Contract Files. (a)  The Custodian shall release any Contract Files to the Facility Agent upon the written request
of the Facility Agent, or, to the extent specified in a written request by the Collateral Manager (which must have been consented
to, in writing, by the Facility Agent, which consent shall be evidenced by an executed counterpart to such request) in connection
with a release of a Contract pursuant to the terms of this Agreement, to the Collateral Manager, or its designee. In the event
that the Facility Agent has notified the Custodian that an Unmatured Facility Termination Event, a Facility Termination Event,
an Unmatured Collateral Manager Default or a Collateral Manager Default has occurred and is continuing, the Collateral Manager
shall not make any such request unless the Facility Agent shall have consented in writing thereto (which consent may be evidenced
by an executed counterpart to such request). Upon receipt of any such written request from the Facility Agent or the Collateral
Manager (which must have been consented to, in writing, by the Facility Agent, which consent shall be evidenced by an executed
counterpart to such request), unless the Custodian receives notice to the contrary from the Facility Agent, the Custodian shall
within three (3) Business Days after the Custodian’s receipt of the Facility Agent’s request or written consent, release
such Contract Files to the Person designated in such request.

 

(b)       From
time to time and as appropriate for the management or foreclosure of any of the Contracts, including, for this purpose,
collection under any insurance policy relating to the Contracts, the Custodian shall, upon receipt of a Request for Release and
Receipt substantially in the form of Exhibit F-2 from the Collateral Manager, release the related Contract Files or the
documents set forth in such Request for Release and Receipt to the Collateral Manager (which Request for Release and Receipt must
have been acknowledged and signed by the Facility Agent). In the event that the Facility Agent has notified the Custodian that
an Unmatured Facility Termination Event, a Facility Termination Event, an Unmatured Collateral Manager Default or a Collateral
Manager Default has occurred and is continuing, the Collateral Manager shall not make any such request unless the Facility Agent
shall have consented in writing thereto (which consent may be evidenced by an executed counterpart to such request). Such Request
for Release and Receipt shall obligate the Collateral Manager to return each and every Contract File released pursuant to the
first sentence of this clause (b), to the Custodian, when (i) the need therefor by the Collateral Manager no longer exists or
(ii) any Unmatured Facility Termination Event, Facility Termination Event, Unmatured Collateral Manager Default or Collateral
Manager Default has occurred and is continuing under this Agreement. At such time as the Collateral Manager returns any such Contract
File to the Custodian, the Collateral Manager shall provide written notice of such return to the Facility Agent and the Custodian
in the form of Exhibit F-3. The Custodian shall acknowledge receipt of the returned Contract File(s) by reflecting the
possession of such Contract File(s) on the Custodian’s next periodic report delivered in accordance with Section 12.2(c).
Upon receipt by the Custodian of a certificate from the Collateral Manager (which certificate must have been acknowledged and
signed by the Facility Agent) substantially in the form of Exhibit E attached hereto, stating that the Contract related
to such Contract File(s) was liquidated and that all amounts that are required by the terms of this Agreement to be deposited
in the Collection Account with respect to the liquidation of such Contract, have been so deposited to

 

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ARTICLE XVI

ASSIGNMENTS

 

Section 16.1     Restrictions
on Assignments. Except as specifically provided herein (with respect to the Collateral Manager and the Backup Collateral Manager),
neither the Borrower, the Collateral Manager, TPVC nor the Backup Collateral Manager may assign any of their respective rights
or obligations hereunder or any interest herein without the prior written consent of the Majority Lenders.

 

Section 16.2     Documentation.
In connection with any permitted assignment, each Lender shall deliver to each assignee an assignment, in such form as such Lender
and the related assignee may agree, duly executed by such Lender assigning any such rights, obligations, Advance or Note to the
assignee; and such Lender shall promptly execute and deliver all further instruments and documents, and take all further action,
that the assignee may reasonably request, in order to perfect, protect or more fully evidence the assignee’s right, title
and interest in and to the items assigned, and to enable the assignee to exercise or enforce any rights hereunder or under the
Notes evidencing such Advance. In the case of any permitted assignment of any Commitment (or any portion thereof) or any Advance
(or any portion thereof) the assignee shall execute and deliver to the Collateral Manager, the Borrower, the Facility Agent and
the Custodian a fully executed assignment thereof or a Joinder Agreement substantially in the form of Exhibit L hereto.
If the assignee is not an existing Lender it shall deliver to the Custodian any tax forms and other information requested by the
Custodian for purposes of conducting its customary “know your customer” inquiries.

 

Section 16.3     Rights
of Assignee. Upon the foreclosure of any assignment of any Advances made for security purposes, or upon any other assignment
of any Advance from any Lender pursuant to this Article XVI, the respective assignee receiving such assignment shall
have all of the rights of such Lender hereunder with respect to such Advances and all references to the Lenders in Section
4.3 and Section 5.1 shall be deemed to apply to such assignee.

 

Section 16.4     Notice
of Assignment by Lenders. So long as no Unmatured Facility Termination Event, Facility Termination Event, Unmatured Collateral
Manager Default or Collateral Manager Default has occurred and is continuing, no Lender may make any assignment, other than any
proposed assignment (i) to an Affiliate of such Lender, (ii) to another Lender hereunder or (iii) to any Person if such Lender
makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including,
without limitation, the Volcker Rule), without the prior written consent of the Borrower and TPVC (such consent not to be unreasonably
withheld, delayed or conditioned); provided that the Lenders shall not assign any interest in, or sell a participation
in any Advance (or portion thereof) or its Commitment (or any portion thereof), to the Equityholder or any Affiliate of the Equityholder;
provided, further, that each Lender shall first offer to sell such interest(s) to (x)
the Lender affiliated with the Facility Agent and, if such

 

    147

     

    

 

Lender
does not accept such offer within ten (10) Business Days, then (y) to each remainingeach
other  Lender (pro rata) for a period of ten (10) Business Days prior to offering to any Person that is not an
existing Lender. Each Lender shall endorse the Notes to reflect any assignments made pursuant to this Article XVI or
otherwise.

 

Section 16.5     Registration;
Registration of Transfer and Exchange. (a)  The Facility Agent shall keep a register (the “Note Register”)
in which, subject to such reasonable regulations as it may prescribe, the Facility Agent shall provide for the registration of
the Notes and of transfer of interests in the Notes. The Facility Agent is hereby appointed “Note Registrar”
for the purpose of registering the Notes and transfers of the Notes as herein provided.

 

(b)       Each
Person who has or who acquired an interest in a Note shall be deemed by such acquisition to have agreed to be bound by the provisions
of this Section 16.5. A Note may be exchanged (in accordance with Section 16.5(c)) and transferred to
the holders (or their agents or nominees) of the Advances and to any assignee (in accordance with Section 16.1) (or
its agent or nominee) of all or a portion of the Advances. The Facility Agent shall not register (or cause to be registered) the
transfer of such Note, unless the proposed transferee shall have delivered to the Facility Agent either (x) evidence satisfactory
to it that the transfer of such Note is exempt from registration or qualification under the Securities Act of 1933, as amended,
and all applicable state securities laws and that the transfer does not constitute a non-exempt “prohibited transaction”
under ERISA or (y) an express agreement by the proposed transferee to be bound by and to abide by the provisions of this
Section 16.5 and the restrictions noted on the face of such Note.

 

(c)       At
the option of the holder thereof, a Note may be exchanged for one or more new Notes of any authorized denominations and of a like
class and aggregate principal amount at an office or agency of the Borrower. Whenever any Note is so surrendered for exchange,
the Borrower shall execute and deliver (through the Facility Agent) the new Note which the holder making the exchange is entitled
to receive.

 

(d)       Upon
surrender for registration of transfer of any Note at an office or agency of the Borrower, the Borrower shall execute and deliver
(through the Facility Agent), in the name of the designated transferee or transferees, one or more new Notes of any authorized
denominations and of a like class and aggregate principal amount.

 

(e)       All
Notes issued upon any registration of transfer or exchange of any Note in accordance with the provisions of this Agreement shall
be the valid obligations of the Borrower, evidencing the same debt, and entitled to the same benefits under this Agreement, as
the Note(s) surrendered upon such registration of transfer or exchange.

 

(f)       Every
Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Borrower or the Facility
Agent) be fully endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Note Registrar, duly
executed by the holder thereof or his attorney duly authorized in writing.

 

(g)       No
service charge shall be made for any registration of transfer or exchange of a Note, but the Borrower may require payment from
the transferee holder of a sum sufficient to

 

    148

     

    

  

indemnification provided above in Section 17.1 or Section 17.2
is unavailable to an Indemnified Party or is insufficient to hold an Indemnified Party harmless, then the Borrower or the
Collateral Manager, as the case may be, agrees to contribute to the amount paid or payable by such Indemnified Party as a result
of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received
by such Indemnified Party, on the one hand, and the Borrower and its Affiliates or the Collateral Manager and its Affiliates,
as the case may be, on the other hand, but also the relative fault of such Indemnified Party, on the one hand, and the Borrower
and its Affiliates or the Collateral Manager and its Affiliates, as the case may be, on the other hand, as well as any other relevant
equitable considerations, in each case as determined by a court of competent jurisdiction.

 

ARTICLE XVIII

MISCELLANEOUS

 

Section 18.1       No
Waiver; Remedies. No failure on the part of any Lender, the Facility Agent, any Indemnified Party or any Affected Person
to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise by any of them of any right, power or remedy hereunder preclude any other or further exercise thereof,
or the exercise of any other right, power or remedy. The remedies herein provided are cumulative and not exclusive of any remedies
provided by law. Without limiting the foregoing, each Lender and Participant is hereby authorized by the Borrower and TPVC during
the existence of a Facility Termination Event, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by it to
or for the credit or the account of the Borrower or TPVC (as the case may be) to the amounts owed by the Borrower or TPVC, respectively,
under this Agreement, to the Facility Agent, any Affected Person, any Indemnified Party or any Lender or their respective successors
and assigns.

 

Section 18.2       Amendments,
Waivers. This Agreement may not be amended, supplemented or modified nor may any provision hereof be waived except
in accordance with the provisions of this Section 18.2. With the written consent of the Required Lenders, the Borrower,
the Collateral Manager, TPVC, the Facility Agent, the Paying Agent, the Backup Collateral Manager and the Custodian may, from
time to time, enter into written amendments, supplements, waivers or modifications hereto for the purpose of adding any provisions
to this Agreement or changing in any manner the rights of any party hereto or waiving, on such terms and conditions as may be
specified in such instrument, any of the requirements of this Agreement; provided, however, that no such amendment,
supplement, waiver or modification shall (i) reduce the amount of or extend the maturity
of any payment with respect to an Advance or reduce the rate or extend the time of payment of Yield thereon, or reduce or alter
the timing of any other amount payable to any Lender hereunder, in each case without the consent of each Lender affected thereby
or

 

    154

     

    

 

(ii) (A)
amend, modify or waive the definitions of “Borrowing Base,” “Advance Rate,” “Event of Default”
or “Excess Concentration Amount” or any definition used therein which would have the effect of modifying the meaning
or operation of such provisions; provided that no waiver of an Event of Default shall require consent of all Lenders, (B) alter
the terms of this Section 18.2 or Section 18.11, or (C) modify the definition of “Required Lenders” or “Majority
Lenders” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive
any rights hereunder or to modify any provision hereofconstitute
a Fundamental Amendment, in each case without the consent of each Lender affected thereby; provided,
further that any waiver of a Facility Termination Event (other than a waiver of clause (a), clause (d) or clause (m) (solely as
a result of any of the events set forth in clauses (c), (d), (f) or (g) of the definition of “Change of Control”) of
the definition thereof, which shall require the consent of all Lenders) shall require consent of the Majority Lenders; provided,
further, that the signature of the Borrower and TPVC shall not be required for the effectiveness of any amendment which
modifies the representations, warranties, covenants or responsibilities of the Collateral Manager at any time when the Collateral
Manager is not TPVC or any Affiliate of TPVC or a successor Collateral Manager is designated by the Facility Agent pursuant to
Section 7.1; provided, further, that the signature of the Paying Agent, the Backup Collateral Manager or the
Custodian (respectively) shall not be required for the effectiveness of any amendment that does not affect the rights or obligations
of the Paying Agent, the Backup Collateral Manager or Custodian (respectively); provided,
however, that the Paying Agent shall be provided an executed copy of any amendment promptly following the closing of such amendment.
Notwithstanding the foregoing, if the LIBOR Rate ceases to exist or is reasonably expected to cease to exist within the succeeding
three (3) months, the Borrower, the Collateral Manager and the Facility Agent may (and such parties will reasonably cooperate with
each other in good faith in order to) amend this Agreement to replace references herein to the LIBOR Rate (and any associated terms
and provisions) with any alternative floating reference rate (and any associated terms and provisions) that is then being generally
used in U.S. credit markets for similar types of facilities. Any waiver of any provision of this Agreement shall be limited to
the provisions specifically set forth therein for the period of time set forth therein and shall not be construed to be a waiver
of any other provision of this Agreement. During the time that any Lender hereunder is a Conduit Lender, the Facility Agent will
provide notice and a copy of any amendment to any of (A) this Agreement or (B) the Sale Agreement to Standard & Poor’s
prior to the execution of such amendment.

 

Subject to the provisions
of Section 16.4, the Borrower and the Collateral Manager each acknowledge that the Facility Agent may be communicating
with other Lenders or potential lenders in connection with an amendment or syndication of this Agreement.

 

Section 18.3         Notices,
Etc. All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing
(including facsimile communication) and shall be personally delivered or sent by certified mail, postage prepaid, or by facsimile,
to the intended party at the address or facsimile number of such party set forth under its name on the signature pages hereof
or at such

 

    155

     

    

 

IN WITNESS WHEREOF,
the parties have caused this Agreement to be executed by their respective officers thereunto duly authorized as of the day and
year first above written.

 

	 	TPGVCTPVC
    FUNDING COMPANY LLC,
    as Borrower
	 	 
	 	 
	 	By:	 
	 	 	Name:
    Sajal Srivastava
	 	 	Title:
    President
	 	 
	 	 
	 	2755 Sand
    Hill Road, Suite 150
	 	Menlo Park,
    California 94025
	 	Attention:
    Sajal Srivastava
	 	Facsimile
    No.: 650-854-2092

 

Signature Page to
Receivables Financing Agreement

 

    

     

    

 

	Commitment:  $50,000,000	MUFG UNION BANK, N.A., as
    Committed Lender
	 	 
	 	 
	 	By:	                               
	 	 	Name:
	 	 	Title:
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	445 S. Figueroa Street
	 	Los Angeles, CA 90071
	 	Attention: William Bloore, Managing
    Director
	 	Email: william.bloore@unionbank.com

 

Signature Page to Receivables Financing Agreement

 

    

     

    

 

	Commitment:  $50,000,000	TIAA, FSB, as Committed Lender
	 	 
	 	 
	 	By:	                            
	 	 	Name:
	 	 	Title:
	 	 
	 	 
	 	10000 Midlantic
    Drive
	 	Suite 400 East
	 	Mount Laurel,
    NJ 08054
	 	Attention: Lender
    Finance
	 	Facsimile No.:
    201-770-4762
	 	Email: LFLoanAdmin@tiaabank.com

 

Signature
Page to Receivables Financing Agreement

 

    

     

    

 

	Commitment:  $50,000,000	KEYBANK NATIONAL
    ASSOCIATION, as Committed Lender
	 	 
	 	By:	                           
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	1000 S. McCaslin
    Blvd.
	 	Superior, CO
    80027
	 	Richard S. Anderson
    – Vice President
	 	Telephone: 720-304-1247
	 	email: richard_s_andersen@key.com

 

Signature
Page to Receivables Financing Agreement

 

     

     

    

 

Appendix B

 

[to be attached]

 

     

     

    

 

Conformed through Omnibus Amendment
dated September 11, 2020

 

SCHEDULES AND EXHIBITS

 

TO

 

RECEIVABLES FINANCING AGREEMENT

 

Dated as of July 15, 2020

 

(TPGVCTPVC
Funding Company LLC)

 

EXHIBITS

 

	EXHIBIT A	 	Form of Note
	EXHIBIT B	 	Audit Standards
	EXHIBIT C-1	 	Form of Advance Request
	EXHIBIT C-2	 	Form of Electronic Asset Approval Request
	EXHIBIT C-3	 	Form of Electronic Asset Approval Notice
	EXHIBIT D	 	Form of Distribution Date Statement
	EXHIBIT E	 	Form of Custodian Certification
	EXHIBIT F-1	 	Request for Release
	EXHIBIT F-2	 	Request for Release and Receipt
	EXHIBIT F-3	 	Request for Release of Request for Release and Receipt
	EXHIBIT G	 	Executive Officers of Custodian
	EXHIBIT H	 	Form of Collateral Manager’s Acknowledgment
	EXHIBIT I	 	Section 4.3 Certificate
	EXHIBIT J-1	 	Required Contract Files
	EXHIBIT J-2	 	Securities Documents
	EXHIBIT K	 	PitchBook Industry Codes
	EXHIBIT L	 	Form of Joinder Agreement
	EXHIBIT M	 	Form of Borrowing Base Certificate
	 	 	 
	SCHEDULE 7.13 Lockbox Accounts
	SCHEDULE 8.1	 	Borrower Accounts
	 	 	 
	ANNEX I	 	Credit and Collection Policy

 

    

     

    

 

EXHIBIT
A

 

NOTE

 

THIS NOTE HAS NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAW, AND
MAY NOT BE DIRECTLY OR INDIRECTLY OFFERED OR SOLD OR OTHERWISE DISPOSED OF BY THE OWNER HEREOF UNLESS SUCH TRANSACTION IS EXEMPT
FROM REGISTRATION UNDER THE ACT AND SUCH STATE LAWS, AND WILL NOT BE A “PROHIBITED TRANSACTION” UNDER THE EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”). BY ACCEPTANCE OF THIS NOTE, THE HOLDER AGREES TO BE BOUND
BY ALL THE TERMS OF THE RECEIVABLES FINANCING AGREEMENT.

 

	$[•]	[•]

 

FOR
VALUE RECEIVED, the undersigned, TPGVCTPVC
Funding Company LLC, a Maryland limited liability company (the “Borrower”), promises to pay to [•],
as Lender, the principal sum of [•]
($[•])
or, if less, the aggregate unpaid principal amount of all Advances shown on the schedule attached hereto (and any continuation
thereof) and/or in the records of the Lenders in the related Lender Group pursuant to that certain Receivables Financing Agreement,
dated as of July 15, 2020 (together with all amendments and other modifications, if any, from time to time thereafter made thereto,
the “Receivables Financing Agreement”), among the Borrower, TriplePoint Private Venture Credit Inc., Deutsche
Bank AG, New York Branch, MUFG Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association
and the Lenders parties thereto, with the unpaid balance hereof due and payable in full on the Facility Termination Date. Unless
otherwise defined, capitalized terms used herein have the meanings provided in the Receivables Financing Agreement.

 

The Borrower also promises
to pay Yield on the unpaid principal amount hereof from time to time outstanding from the date hereof until maturity (whether by
acceleration or otherwise) and, after maturity, until paid, at the rates per annum and on the dates specified in the Receivables
Financing Agreement.

 

Payments of both principal
and Yield are to be made in lawful money of the United States of America in same day or immediately available funds to the account
designated by the Facility Agent pursuant to the Receivables Financing Agreement.

 

This Note is one of
the Notes referred to in, and evidences indebtedness incurred under, the Receivables Financing Agreement, and the holder hereof
is entitled to the benefits of the Receivables Financing Agreement, to which reference is made for a description of the security
for this Note and for a statement of the terms and conditions on which the Borrower is permitted and required to make prepayments
and repayments of principal of the indebtedness evidenced by this Note and on which such indebtedness may be declared to be immediately
due and payable.

 

All parties hereto,
whether as makers, endorsers, or otherwise, severally waive presentment for payment, demand, protest and notice of dishonor.

 

    

     

    

 

	 	TPGVCTPVC
FUNDING COMPANY LLC
	 	 
	 	 
	 	By:	                                                  
	 	 	Name:
	 	 	Title:

 

    - 3 -

     

    

 

EXHIBIT C-1

FORM OF ADVANCE REQUEST

 

Deutsche Bank AG, New York Branch

as Facility Agent

60 Wall Street

New York, NY 10005

Attention: Asset Finance Department

Email: amit.patel@db.com, james.kwak@db.com, erica.flor@db.com,
jerry-b.li@db.com

abs.conduits@db.com, lenderfinance_collatreview@list.db.com

 

Deutsche Bank Trust Company Americas

as Paying Agent

c/o Deutsche Bank National Trust Company

1761 East St. Andrew Place

Santa Ana, California 92705-4934

Issue ID: TRIP2020

telephone number (714) 247-6000

facsimile number (714) 247-6478

Email: absclientservices@list.db.com; amy.mcnulty@db.com;
faizah-a.khan@db.com

 

	RE:	Advance Request:	$__________

 

Gentlemen and Ladies:

 

This
Advance Request is delivered to you pursuant to Section 2.2 of the Receivables Financing Agreement, dated as of July 15,
2020 (together with all amendments, if any, from time to time made thereto, the “Receivables Financing Agreement”),
among TPGVCTPVC
Funding Company LLC (the “Borrower”), TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York Branch,
MUFG Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association and the Lenders parties
thereto. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided
in the Receivables Financing Agreement.

 

The Borrower hereby
requests that Advances be made in the aggregate principal amount of $_____ on________________ (the “Advance
Date”).

 

Please wire the proceeds
of such Advances to the Borrower pursuant to the wiring instructions included at the end of this letter.

 

After giving effect
to such Advances and the purchase by the Borrower of the Contracts to be purchased by it under the Sale Agreement on the date
hereof, the aggregate principal amount of all Advances shall not exceed the lowest of (i) the Facility Amount, (ii) the Borrowing
Base and (iii) the Maximum Availability, calculated as of the Advance Date as if the Contracts purchased by the Borrower on the
Advance Date were owned by the Borrower and that the Minimum Equity Condition is satisfied.

 

     

     

    

 

The Borrower represents
that the conditions described in Section 6.2 of the Receivables Financing Agreement have been satisfied with respect to
such Advances.

 

The Borrower agrees
that if prior to the Advance Date any matter certified to herein by it will not be true and correct at such time as if then made,
it will immediately so notify the Facility Agent, the Paying Agent and each Lender. Except to the extent, if any, that prior to
the time of the Advances requested hereby the Facility Agent, the Paying Agent and each Lender shall receive written notice to
the contrary from the Borrower, each matter certified to herein shall be deemed once again to be certified as true and correct
at the date of such Advances as if then made.

 

The Borrower has caused
this Advance Request to be executed and delivered, and the certification and warranties contained herein to be made, by its duly
authorized officer on the date first set forth above.

 

	 	TPGVCTPVC
FUNDING COMPANY LLC
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     - 2 -

     

    

 

EXHIBIT C-2

 

FORM OF ELECTRONIC ASSET APPROVAL REQUEST

 

Deutsche Bank AG, New York Branch

as Facility Agent

Email: amit.patel@db.com, james.kwak@db.com, erica.flor@db.com,
jerry-b.li@db.com,

abs.conduits@db.com, lenderfinance_collatreview@list.db.com

 

U.S. Bank National Association

as Custodian

Email: steven.garrett@usbank.com

 

	RE:	Electronic Asset Approval Request	

 

Gentlemen and Ladies:

 

This
Electronic Asset Approval Request is delivered to you pursuant to Section 6.2(h) of the Receivables Financing Agreement,
dated as of July 15, 2020 (together with all amendments, if any, from time to time made thereto, the “Receivables Financing
Agreement”), among TPGVCTPVC
Funding Company LLC (the “Borrower”), TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York Branch,
MUFG Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association and the Lenders parties
thereto. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided
in the Receivables Financing Agreement.

 

CONTRACT INFORMATION

 

Obligor Name

 

Domicile

 

Pledged Amount

 

Collateral Capital Structure in relation to DBNY
(e.g. Senior)

 

Purchase price

 

PitchBook Industry/Sub-Industry Segments

 

Debt-to-Equity Ratio

 

Contract Type (Affiliate Agented
Contract, Agented Contract, TPC Growth Stage Contract or TPC Venture Stage Contract)

 

- TPC Growth Stage Contract (Deferrable Contract,
Product 4 Contract, Product 5 Contract or Product 6 Contract)

 

- TPC Venture Stage Contract (Product 4 Contract,
Product 5 Contract or Product 6 Contract)

 

     

     

    

 

EXHIBIT C-3

 

FORM OF ELECTRONIC ASSET APPROVAL NOTICE

 

TPGVCTPVC
Funding Company LLC

Email: sks@triplepointcapital.com; cmathieu@triplepointcapital.com

 

	RE:	Electronic Asset Approval Notice	

 

Gentlemen and Ladies:

 

This
Electronic Asset Approval Notice is delivered to you pursuant to Section 6.2(h) of the Receivables Financing Agreement,
dated as of July 15, 2020 (together with all amendments, if any, from time to time made thereto, the “Receivables Financing
Agreement”), among TPGVCTPVC
Funding Company LLC (the “Borrower”), TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York Branch,
MUFG Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association and the Lenders parties
thereto. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided
in the Receivables Financing Agreement.

 

The Facility Agent
hereby approves for acquisition (or incremental pledge, as applicable) the Contract referenced below in accordance with the terms
and information set forth below:

 

CONTRACT INFORMATION

 

Obligor Name

 

Domicile

 

Pledged Amount

 

Collateral Capital Structure in relation to DBNY
(e.g. Senior)

 

Purchase price

 

PitchBook Industry/Sub-Industry Segments

 

Debt-to-Equity Ratio

 

Contract Type (Affiliate Agented
Contract, Agented Contract, TPC Growth Stage Contract or TPC Venture Stage Contract)

 

- TPC Growth Stage Contract (Deferrable Contract,
Product 4 Contract, Product 5 Contract or Product 6 Contract)

 

- TPC Venture Stage Contract (Product 4 Contract,
Product 5 Contract or Product 6 Contract)

 

BORROWING BASE RELATED INFORMATION

 

Advance Rate

 

     

     

    

 

EXHIBIT E

 

FORM OF CUSTODIAN CERTIFICATION

 

, 20__

 

TriplePoint Capital LLC

2755 Sand Hill Road, Suite 150

Menlo Park, CA 94025

 

Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attn: Asset Finance Department

 

Re:      Receivables Financing Agreement, dated as of July 15, 2020, by and among TPGVCTPVC FUNDING COMPANY LLC, TRIPLEPOINT PRIVATE VENTURE CREDIT INC., THE LENDERS PARTIES THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH, MUFG UNION BANK, N.A., DEUTSCHE BANK TRUST COMPANY AMERICAS, VERVENT INC. and U.S. BANK NATIONAL ASSOCIATION.

 

Ladies and Gentlemen:

 

In accordance
with Section 12.2 of the above-captioned Receivables Financing Agreement, the undersigned, as Custodian, hereby
certifies that it has received a Contract File with respect to each Contract listed in the Schedule of Contracts attached to
the Advance Request dated_________, with such Contract Files identified on Exhibit A hereto, containing, as applicable, with
respect to each such Contract the documents provided by Section 12.1(b)(i).

 

The Custodian hereby
certifies that each such document comprising the Contract File has not been mutilated or otherwise physically altered (i.e., handwritten,
typewritten or stamped additions, changes or corrections which are obvious on the face of such documents provided that such additions,
changes or corrections shall not constitute physical alterations if such additions, changes or corrections appear to be initialed
by the Obligor or an agent of the Obligor).

 

The Custodian makes
no representations as to and shall not be responsible to determine or verify (i) the validity, legality, ownership, title, enforceability,
sufficiency, due authorization, recordability, filing of recording status or history, or genuineness of any document in any [Contract
File] or any of the [Loans] identified on the [Schedule of Contracts] or (ii) the collectability, insurability, effectiveness,
priority, perfection or suitability of any such [Loan]. The Custodian shall not be required to review the content (except as necessary
to certify its presence or absence) of any document described in the preceding paragraph in order to deliver any [Exception Report].

 

Capitalized words and
phrases used herein shall have the respective meanings assigned to them in the above-captioned Receivables Financing Agreement.

 

     

     

    

 

EXHIBIT F-2

REQUEST FOR RELEASE AND RECEIPT

[For Servicing and Liquidation]

 

Contract Files

 

CONTRACT INFORMATION

 

	Name of Obligor:	 
	 	 
	Contract No.:	 

 

The
undersigned hereby acknowledges that it has received from U.S. Bank National Association, as Custodian for Deutsche Bank AG, New
York Branch (the “Facility Agent”), the documents referred to below (the “Documents”). All
capitalized terms not otherwise defined in this Request for Release and Receipt shall have the meanings ascribed to them in the
Receivables Financing Agreement dated as of July 15, 2020 among TPGVCTPVC
Funding Company LLC, TriplePoint Private Venture Credit Inc., the Lenders parties thereto, Deutsche Bank AG, New York Branch, MUFG
Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., as Backup Collateral Manager and U.S. Bank National Association,
as Custodian (the “Receivables Financing Agreement”).

 

[complete as necessary]

 

The undersigned hereby acknowledges and agrees as
follows:

 

(1)              
The undersigned shall hold and retain possession of the Documents in trust for the benefit of the Facility Agent, solely
for the purposes provided in the Receivables Financing Agreement.

 

(2)              
The undersigned shall not cause or permit the Documents to become subject to, or encumbered by, any claim, liens, security
interest, charges, writs of attachment or other impositions nor shall the undersigned assert or seek to assert any claims or rights
of setoff to or against the Documents or any proceeds thereof.

 

(3)              
The undersigned shall return each and every Document previously requested from the Contract File to the Custodian when the
need therefor no longer exists, unless the Contract relating to the Documents has been liquidated.

 

(4)              
The undersigned represents (i) that the Contract Files requested hereunder do not exceed the limits specified in Section
12.4(c) of the Receivables Financing Agreement or (ii) the consent of the Facility Agent has been obtained with respect to this
request.

 

     

     

    

 

EXHIBIT F-3

 

REQUEST FOR RELEASE OF REQUEST FOR RELEASE
AND RECEIPT

[Liquidated Contract]

 

Contract Files

 

________________HEREBY CERTIFIES THAT
HE/SHE IS AN EXECUTIVE OFFICER (AS THE TERM IS DEFINED IN THE RECEIVABLES FINANCING AGREEMENT)
OF_________________ , AND HEREBY FURTHER CERTIFIES AS FOLLOWS:

 

WITH RESPECT TO THE CONTRACTS (AS THE TERM
IS DEFINED IN THE RECEIVABLES FINANCING AGREEMENT)* DESCRIBED IN THE ATTACHED SCHEDULE:

 

SUCH CONTRACT HAS BEEN LIQUIDATED AND ALL
AMOUNTS RECEIVED OR TO BE RECEIVED IN CONNECTION WITH SUCH LIQUIDATION THAT ARE REQUIRED TO BE DEPOSITED HAVE BEEN SO DEPOSITED
AS REQUIRED BY THE RECEIVABLES FINANCING AGREEMENT.

 

CONTRACT NUMBER:

 

OBLIGOR’S NAME:__

 

COUNTY:

 

THE UNDERSIGNED REPRESENTS THAT NO UNMATURED
FACILITY TERMINATION EVENT, FACILITY TERMINATION EVENT, UNMATURED COLLATERAL MANAGER DEFAULT OR COLLATERAL MANAGER DEFAULT (AS
EACH SUCH TERM IS DEFINED IN THE RECEIVABLES FINANCING AGREEMENT) HAS OCCURRED AND IS CONTINUING, OR, IF SUCH HAS OCCURRED AND
IS CONTINUING, THE CONSENT OF THE FACILITY AGENT HAS BEEN OBTAINED WITH RESPECT TO THIS REQUEST.

 

DATED:

 

 

*Receivables
Financing Agreement. dated as of July 15, 2020 (the “Receivables Financing Agreement’). by and among among TPGVCTPVC
Funding Company LLC, TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York Branch, MUFG Union Bank, N.A., Deutsche
Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association and the Lenders parties thereto

 

     

     

    

 

EXHIBIT H

 

FORM OF COLLATERAL MANAGER’S ACKNOWLEDGMENT

 

, 20__

 

	To:	U.S. Bank National Association
	 	1719 Otis Way
	 	Mail Code: Ex – SC – FLOR
	 	Florence, South Carolina 29501
	 	Attention: Steven Garrett
	 	Facsimile: (843) 673-0162
	 	Email: steven.garrett@usbank.com
	 	 
	 	Deutsche Bank AG, New York Branch
	 	60 Wall Street
	 	New York, New York 10005
	 	Attention: Asset-Finance Department
	 	 
	Re:	Receivables Financing Agreement dated as of July 15, 2020 among TPGVCTPVC
Funding Company LLC, TriplePoint Private Venture Credit Inc., the Lenders parties thereto, Deutsche Bank AG, New York Branch, MUFG
Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., as Backup Collateral Manager and U.S. Bank National Association,
as Custodian (the “Agreement”)

 

Ladies and Gentlemen:

 

In accordance with
Section 12.1(b)(iii) of the Agreement, Collateral Manager hereby represents and warrants to each of Facility Agent and Custodian
that:

 

(1)              
The Contract Files delivered by Collateral Manager to Custodian as of the date hereof include all of the Contract Files
relating to each of the Contracts owned by Borrower and listed on the Schedule of Contracts (except those documents specified by
the Schedule of Contracts as non-existent with respect to a particular Contract); and

 

(2)              
All of such Contract Files and the information contained in the Schedule of Contracts, as amended or supplemented, are true,
complete and correct.

 

Capitalized terms used
herein but not defined herein shall have the respective meanings assigned to such terms in the Agreement.

 

	 	TRIPLEPOINT PRIVATE VENTURE CREDIT INC.
	 	 
	 	 
	 	By:	Name:

 

     

     

    

 

EXHIBIT I

 

FORM OF SECTION 4.3 CERTIFICATION

 

Reference
is hereby made to the Receivables Financing Agreement (the “Agreement”), dated as of July 15, 2020 (as amended, supplemented
or otherwise modified from time to time, the “Agreement”), by and among TPGVCTPVC
Funding Company LLC, as borrower (the “Borrower”), TriplePoint Private Venture Credit Inc., as equityholder
and as collateral manager (the “Collateral Manager”), Deutsche Bank Trust Company Americas. as paying agent,
Vervent Inc., as backup collateral manager, U.S. Bank National Association, as custodian, the Lenders from time to time parties
thereto, and Deutsche Bank AG, New York Branch, as facility agent (the “Facility Agent”) and Deutsche Bank AG,
New York Branch and MUFG Union Bank, N.A., as joint lead arrangers. Pursuant to the provisions of Section 4.3(e) of the
Agreement, the undersigned hereby certifies that:

 

		1.	It is a ___ natural individual person, ____ treated as a corporation for U.S. federal income tax
purposes, ____ disregarded for federal income tax purposes (in which case a copy of this Section 4.3 Certificate is attached in
respect of its sole beneficial owner), or ____ treated as a partnership for U.S. federal income tax purposes (one must be checked).

 

		2.	It is the beneficial owner of amounts received pursuant to the Agreement.

 

		3.	It is not a bank, as such term is used in section 881(c)(3)(A) of the Internal Revenue Code of
1986, as amended (the “Code”), or the Agreement is not, with respect to the undersigned, a loan agreement
entered into in the ordinary course of its trade or business, within the meaning of such section.

 

		4.	It is not a 10-percent shareholder of Borrower or the Collateral Manager within the meaning of
section 871(h)(3) or 881(c)(3)(B) of the Code.

 

		5.	It is not a controlled foreign corporation that is related to Borrower or the Collateral Manager
within the meaning of section 881(c)(3)(C) of the Code.

 

		6.	Amounts paid to it under the Agreement and the other Transaction Documents (as defined in the Agreement)
are not effectively connected with its conduct of a trade or business in the United States.

 

	 	[NAME OF UNDERSIGNED]
	 	 
	 	 
	 	By:	                    
	 	 	 
	 	Title:	 
	 	 	 
	Date:	 	,	 	 

 

     

     

    

 

EXHIBIT L

 

FORM OF JOINDER AGREEMENT

 

JOINDER
AGREEMENT, dated as of the date set forth in Item 1 of Schedule I hereto, among the financial institution identified in Item 2
of Schedule I hereto, TPGVCTPVC
Funding Company LLC, a Maryland limited liability company, as Borrower (the “Borrower”) and Deutsche Bank AG,
New York Branch, as the facility agent (the “Facility Agent”).

 

W I T N E S S E T H:

 

WHEREAS,
this Joinder Agreement is being executed and delivered under Section 16.2 of the Receivables Financing Agreement, dated
as of July 15, 2020 (together with all amendments, if any, from time to time made thereto, the “Receivables Financing
Agreement”), among TPGVCTPVC
Funding Company LLC (the “Borrower”), TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York Branch,
MUFG Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association and the Lenders parties
thereto. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided
in the Receivables Financing Agreement; and

 

WHEREAS, the party
set forth in Item 2 of Schedule I hereto (the “Proposed Lender”) wishes to become a Lender party to the Receivables
Financing Agreement;

 

NOW, THEREFORE, the parties hereto hereby agree as
follows:

 

(a)              
Upon receipt by the Facility Agent of an executed counterpart of this Joinder Agreement, to which is attached a fully completed
Schedule I and Schedule II, each of which has been executed by the Proposed Lender, the Borrower and the Facility Agent, the Facility
Agent will transmit to the Proposed Lender and the Borrower a Joinder Effective Notice, substantially in the form of Schedule III
to this Joinder Agreement (a “Joinder Effective Notice”). Such Joinder Effective Notice shall be executed by
the Facility Agent and shall set forth, inter alia, the date on which the joinder effected by this Joinder Agreement shall
become effective (the “Joinder Effective Date”). From and after the Joinder Effective Date, the Proposed Lender
shall be a Lender party to the Receivables Financing Agreement for all purposes thereof.

 

(b)              
Each of the parties to this Joinder Agreement agrees and acknowledges that at any time and from time to time upon the written
request of any other party, it will execute and deliver such further documents and do such further acts and things as such other
party may reasonably request in order to effect the purposes of this Joinder Agreement.

 

(c)              
By executing and delivering this Joinder Agreement, the Proposed Lender confirms to and agrees with the Facility Agent and
the other Lender(s) as follows: (i) none of the Facility Agent and the other Lender(s) makes any representation or warranty or
assumes any responsibility with respect to any statements, warranties or representations made in or in connection with the Receivables
Financing Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Receivables
Financing Agreement or any other instrument or document furnished pursuant thereto, or the Collateral or the financial

 

     

     

    

 

SCHEDULE I TO

JOINDER AGREEMENT

 

COMPLETION OF INFORMATION AND

SIGNATURES FOR JOINDER AGREEMENT

 

Re:       Receivables Financing Agreement, dated as of July 15, 2020 among TPGVCTPVC Funding Company LLC, as the borrower, TriplePoint Private Venture Credit Inc., as the collateral manager and as the equityholder, Deutsche Bank AG, New York Branch, as the facility agent, Deutsche Bank AG, New York Branch and MUFG Union Bank, N.A., as joint lead arrangers, Deutsche Bank Trust Company Americas, as paying agent, Vervent Inc., backup collateral manager, U.S. Bank National Association, as custodian, and the lenders parties thereto.

 

	Item
1: Date of Joinder Agreement:	 
	 	 
	Item
2: Proposed Lender:	 
	 	 
	Item
3: Commitment:	 
	 	 
	Item
4: Signatures of Parties to Agreement:	

 

	 	,
	 	 
	 	as Proposed Lender
	 	 
	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

	 	,
	 	 
	 	as Proposed Agent
	 	 
	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

     

     

    

 

	 	TPGVCTPVC
FUNDING COMPANY LLC, as Borrower
	 	 
	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

(signatures continue on the next page)

 

     

     

    

 

SCHEDULE III TO

JOINDER AGREEMENT

 

FORM OF

JOINDER EFFECTIVE NOTICE

 

	To:	[Name and address of the Borrower, Custodian and Proposed
Lender]

 

The undersigned, as Facility Agent under the Receivables Financing Agreement, dated as of July 15, 2020 (together with all amendments,
if any, from time to time made thereto, the “Receivables Financing Agreement”), among TPGVCTPVC
Funding Company LLC (the “Borrower”), TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York
Branch, MUFG Union Bank, N.A., Deutsche Bank Trust Company Americas, Vervent Inc., U.S. Bank National Association and the
Lenders parties thereto, acknowledges receipt of an executed counterpart of a completed Joinder Agreement. [Note: attach
copies of Schedules I and II from such Joinder Agreement.] Terms defined in such Joinder Agreement are used herein as therein
defined.

 

Pursuant to such Joinder
Agreement, you are advised that the Joinder Effective Date for [Name of Proposed Lender] will be_____________ with a
Commitment of______________ and, from the Joinder Effective Date, such Proposed Lender will be a Lender.

 

	 	Very truly yours,
	 	 
	 	 
		DEUTSCHE BANK AG, NEW YORK BRANCH,

 as Facility Agent
	 	 
	 	 
	 	By:	
	 	 	Name:Very truly yours,
	 	 	Title:

 

	 	By:	
	 	 	Name:
	 	 	Title:

 

     

     

    

 

EXHIBIT M

 

FORM OF BORROWING BASE CERTIFICATE

 

[_] [_], 20[_]

 

In
connection with that certain Receivables Financing Agreement, dated as of July 15, 2020 (as amended, modified, waived, supplemented
or restated from time to time, the “Receivables Financing Agreement”), by and among TPGVCTPVC
Funding Company LLC (the “Borrower”), TriplePoint Private Venture Credit Inc., Deutsche Bank AG, New York Branch
(the “Facility Agent”), Deutsche Bank Trust Company Americas, Vervent, Inc., U.S. Bank National Association,
and the Lenders parties thereto. Capitalized terms used but not defined herein shall have the meanings provided in the Receivables
Financing Agreement.

 

As of the date hereof,
the undersigned each certify that (i) all of the information set forth in Annex I attached hereto is true, correct and complete
in all material respects, (ii) no Unmatured Facility Termination Event, Facility Termination Event, Unmatured Collateral Manager
Default or Collateral Manager Default has occurred and is continuing and (iii) solely with respect to itself, each of the representations
and warranties contained in the Receivables Financing Agreement is true, correct and complete in all material respects.

 

[Remainder of Page Intentionally Left Blank]

 

     

     

    

 

Certified as of the date first written above.

 

	 	TPGVCTPVC FUNDING COMPANY LLC,

                     as the Borrower

	 	 
	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

	 	TRIPLEPOINT PRIVATE VENTURE

                    CREDIT INC.,

                    as the Collateral Manager

	 	 
	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

     - 2 -

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