Document:

Dividend Reinvestment Plan

 DIVIDEND REINVESTMENT PLAN 

OF 
 PIMCO CAPITAL
SOLUTIONS BDC CORP. 
 PIMCO Capital Solutions BDC Corp., a Delaware corporation (the “Company”), has adopted the
following plan (the “Plan”), to be administered by the Company or such other administrator as the Company may appoint (the “Plan Administrator”), with respect to dividends and other distributions declared by its
board of directors (the “Board of Directors”) on shares of common stock of the Company, par value $0.001 per share (the “Common Stock”). 

Stockholders who do not wish to participate in the Plan must “opt out” of the Plan. A stockholder may elect to “opt out”
of the Plan with respect to all of such stockholder’s Common Stock or only a portion of such Common Stock so specified in the stockholder’s subscription agreement relating to the Common Stock. A stockholder who participates in the Plan by
not opting out of the Plan (each a “Participant”) will be subject to the terms below. 

1.    All cash dividends or other distributions hereafter declared by the Board of Directors, net of any
applicable withholding tax, shall be automatically reinvested in additional shares of Common Stock, and no action shall be required on such Participant’s part to receive a distribution in Common Stock. 

2.    Such distributions shall be payable on such date or dates as may be fixed from time to time by the
Board of Directors to stockholders of record at the close of business on the record date established by the Board of Directors for the distribution involved. 

3.    Prior to the pricing of an initial public offering of the Common Stock or any listing of shares of
Common Stock on a national securities exchange (an “Exchange Listing”), the Board of Directors reserves the right, subject to the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”), to use
newly issued shares of Common Stock to implement the Plan issued at a net asset value per share determined as of the valuation date fixed by the Board of Directors for such dividend or distribution. The number of shares of Common Stock to be issued
to a Participant prior to the pricing of an initial public offering of the Common Stock or an Exchange Listing would be determined by dividing the total dollar amount of the dividend or distribution payable to such Participant by the net asset value
per share. 
 4.    After the pricing of an initial public offering of the Common Stock or an Exchange
Listing, if any, the Board of Directors reserves the right, subject to the provisions of the 1940 Act, to use primarily newly issued shares to implement the Plan, whether the shares are trading at a price per share at or above net asset value.
However, the Board of Directors reserves the right to purchase shares in the open market in connection with the implementation of the Plan. In the event the price per share is trading at a discount to net asset value, the Company intends to purchase
shares in the open market rather than issue new shares. The number of shares to be issued to a Participant is determined by dividing the total dollar amount of the distribution payable to such Participant by the price per share on the valuation date
for such distribution. The number of shares to be outstanding after giving effect to payment of a distribution cannot be established until the value per share at which additional shares will be issued has been determined and the elections of the
stockholders have been tabulated. 
 5.    The Plan Administrator shall establish an account for shares
of Common Stock acquired pursuant to the Plan for each Participant. The Plan Administrator shall hold each Participant’s shares of Common Stock, together with the shares of Common Stock of other Participants, in
non-certificated form. 

 6.    The Plan Administrator shall confirm to each
Participant each acquisition made pursuant to the Plan as soon as practicable but not later than 30 business days after the payable date. Each Participant may from time to time have an undivided fractional interest (computed to three decimal places)
in a share of Common Stock, and distributions on fractional shares shall be credited to each Participant’s account. In the event of termination of a Participant’s account under the Plan, the Plan Administrator shall adjust for any such
undivided fractional interest in cash at the time of termination. 
 7.    In the event that the
Company makes available to its stockholders rights to purchase additional shares of Common Stock or other securities, the Common Stock held by the Plan Administrator for each Participant under the Plan shall be added to any other shares of Common
Stock held by the Participant in calculating the number of rights to be issued to the Participant. Transaction processing may be either curtailed or suspended until the completion of any stock dividend, stock split or corporate action. 

8.    The Plan Administrator’s service fee, if any, and expenses for administering the Plan shall be
paid for by the Company. 
 9.    Each Participant may elect to receive an entire distribution in cash
by notifying the Plan Administrator in writing so that such notice is received by the Plan Administrator no later than the record date for such distribution to stockholders. Those Participants who hold shares through a broker or other financial
intermediary may receive distributions in cash by notifying their broker or other financial intermediary of their election. 

10.    Each Participant may terminate the Participant’s account under the Plan by so notifying the
Plan Administrator by such means as the Plan Administrator may specify in writing to the Participants. Such termination shall be effective immediately if the Participant’s notice is received by the Plan Administrator at least three days prior
to any distribution date; otherwise, such terminaftion shall be effective only with respect to any subsequent distribution. The Plan may be terminated or amended by the Company upon notice in writing sent to each Participant at least 30 days prior
to any record date for the payment of any dividend by the Company. Upon any termination, the Plan Administrator shall cause shares of Common Stock held for the Participant under the Plan to be delivered to the Participant. 

11.    These terms and conditions may be amended or supplemented by the Company at any time but, except
when necessary or appropriate to comply with applicable law or the rules or regulations of the Securities and Exchange Commission or any other applicable regulatory authority, only by sending to each Participant appropriate written notice at least
30 days prior to the effective date thereof. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Administrator receives written notice of the termination of the
Participant’s account under the Plan. Any such amendment may include an appointment by the Plan Administrator in its place and stead of a successor agent under these terms and conditions, with full power and authority to perform all or any of
the acts to be performed by the Plan Administrator under these terms and conditions. Upon any such appointment of any agent for the purpose of receiving distributions, the Company shall be authorized to pay to such successor agent, for each
Participant’s account, all distributions payable on shares of Common Stock held in the Participant’s name or under the Plan for retention or application by such successor agent as provided in these terms and conditions. 

12.    The Plan Administrator shall at all times act in good faith and use its best efforts within
reasonable limits to ensure its full and timely performance of all services to be performed by it with respect to purchases and sales of the Common Stock under this Plan and to 

  
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comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors unless such error is caused by the Plan Administrator’s negligence, bad
faith or willful misconduct or that of its employees or agents. 
 13.    These terms and conditions
shall be governed by the laws of the State of Delaware. 
 July, 2022 

  
 3Fee Waiver Agreement

 FEE WAIVER AGREEMENT 

PIMCO Capital Solutions BDC Corp. 

650 Newport Center Drive 

Newport Beach, California 92660 

June 30, 2022 
 Pacific Investment
Management Company LLC 
 650 Newport Center Drive 
 Newport
Beach, California 92660 
 Re: PIMCO Capital Solutions BDC Corp. (the “Company”) 

Dear Sirs and Madams: 
 This will confirm the
agreement between the Company and Pacific Investment Management Company LLC (“PIMCO”) as follows: 
  

	 	1.	 The Company is a Delaware corporation structured as a non-diversified closed-end management investment company, that will elect to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (“1940 Act”).

  

	 	2.	 Pursuant to an Investment Management Agreement dated June 22, 2022, as supplemented from time to time (the
“Investment Management Agreement”), between the Company and PIMCO, the Company has retained PIMCO to provide the Company with investment advisory services. Pursuant to the Investment Management Agreement, the Company pays to PIMCO a
management fee, payable quarterly in arrears, at the annual rate of 1.25% per annum of the Company’s average total net assets (the “Management Fee”). 

 

	 	3.	 The Company’s only stockholder is currently expected to be PIMCO Capital Solutions US Feeder LP, a
Delaware limited partnership (the “Feeder Fund”), which has been established to act as a feeder fund that will directly or indirectly invest in the Company. The only investors in the Feeder Fund are currently expected to be PIMCO-managed
private funds or other PIMCO-advised accounts (“PIMCO Advised Accounts”). 

  

	 	4.	 PIMCO agrees that it shall waive 100% of the Company’s Management Fee so long as the only direct or
indirect investors in the Company are PIMCO Advised Accounts. 

  

	 	5.	 This Agreement shall become effective on the date the Investment Management Agreement goes into effect and
shall terminate upon an investment by the first direct or indirect investor that is not a PIMCO Advised Account. In addition, this Agreement shall terminate upon termination of the Investment Management Agreement, or it may be terminated by the
Company, without payment of any 

  
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penalty, upon ninety days’ prior written notice to PIMCO at its principal place of business. 

  

	 	6.	 Nothing herein contained shall be deemed to require the Company to take any action contrary to the
Company’s Certificate of Incorporation or By-Laws, or any applicable statutory or regulatory requirement to which it is subject or by which it is bound, or to relieve or deprive the Company’s Board
of Directors of its responsibility for and control of the conduct of the affairs of the Company. 

  

	 	7.	 Any question of interpretation of any term or provision of this Agreement, including but not limited to the
Management Fee, the computations of net asset values, and the allocation of expenses, having a counterpart in or otherwise derived from the terms and provisions of the Investment Management Agreement or the 1940 Act, shall have the same meaning as
and be resolved by reference to such Investment Management Agreement or the 1940 Act. 

  

	 	8.	 If any one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable,
the validity, legality or enforceability of the remaining provisions shall not be affected thereby. 

  

	 	9.	 It is expressly agreed that the obligations of the Company hereunder shall not be binding upon any of the
Directors, shareholders, nominees, officers, agents or employees of the Company personally, but shall bind only the property of the Company. This Agreement has been signed and delivered by an officer of the Company, acting as such, and such
execution and delivery by such officer shall not be deemed to have been made by any Director or officer individually or to impose any liability on any of them personally, but shall bind only the property of the Company, as provided in the
Company’s Certificate of Incorporation, and as amended from time to time. 

  

	 	10.	 This Agreement constitutes the entire agreement between the Company and PIMCO with respect to its subject
matter and may be amended or modified only by a writing signed by duly authorized officers of both the Company and PIMCO. 

  
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 If the foregoing correctly sets forth the agreement between the Company and PIMCO, please so
indicate by signing and returning to the Company the enclosed copy hereof. 
  

			
	Very truly yours,
	
	PIMCO Capital Solutions BDC Corp.
		
	By:	 	  

 
			
	Name:	 	John Lane
	Title:	 	President

  

			
	ACCEPTED AND AGREED:
	
	PACIFIC INVESTMENT MANAGEMENT COMPANY LLC

			
		
	By:	 	  

			
	Name:	 	Jason Mandinach
	Title:	 	Managing Director

  
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