Document:

EX-10.10

 Exhibit 10.10 

EXECUTION VERSION 
 SALE AND
CONTRIBUTION AGREEMENT 
 between 

OAKTREE STRATEGIC INCOME CORPORATION, 

as Seller 
 and 

OCSI SENIOR FUNDING LTD., 
 as
Purchaser 
 Dated as of September 24, 2018 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 SECTION 1.1
	 	Definitions	  	 	1	 
	 SECTION 1.2
	 	Other Terms	  	 	3	 
	 SECTION 1.3
	 	Computation of Time Periods	  	 	3	 
	 SECTION 1.4
	 	Interpretation	  	 	3	 
	 SECTION 1.5
	 	References	  	 	4	 
		
	 ARTICLE II CONVEYANCES OF TRANSFERRED ASSETS
	  	 	4	 
			
	 SECTION 2.1
	 	Conveyances	  	 	4	 
	 SECTION 2.2
	 	Indemnification	  	 	6	 
	 SECTION 2.3
	 	Assignments	  	 	6	 
		
	 ARTICLE III CONSIDERATION AND PAYMENT; REPORTING
	  	 	7	 
			
	 SECTION 3.1
	 	Purchase Price	  	 	7	 
	 SECTION 3.2
	 	Payment of Purchase Price	  	 	7	 
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	7	 
			
	 SECTION 4.1
	 	Seller’s Representations and Warranties	  	 	7	 
	 SECTION 4.2
	 	Reaffirmation of Representations and Warranties by the Seller; Notice of Breach	  	 	13	 
		
	 ARTICLE V COVENANTS OF THE SELLER
	  	 	14	 
			
	 SECTION 5.1
	 	Covenants of the Seller	  	 	14	 
		
	 ARTICLE VI WARRANTY LOANS
	  	 	16	 
			
	 SECTION 6.1
	 	Warranty Collateral Obligations	  	 	16	 
	 SECTION 6.2
	 	Dilutions, Etc.	  	 	17	 
		
	 ARTICLE VII CONDITIONS PRECEDENT
	  	 	17	 
			
	 SECTION 7.1
	 	Conditions Precedent	  	 	17	 

  
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	 ARTICLE VIII MISCELLANEOUS PROVISIONS
	  	 	18	 
			
	 SECTION 8.1
	 	Amendments, Etc.	  	 	18	 
	 SECTION 8.2
	 	Governing Law: Submission to Jurisdiction	  	 	18	 
	 SECTION 8.3
	 	Notices	  	 	18	 
	 SECTION 8.4
	 	Severability of Provisions	  	 	19	 
	 SECTION 8.5
	 	Assignment	  	 	20	 
	 SECTION 8.6
	 	Further Assurances	  	 	20	 
	 SECTION 8.7
	 	No Waiver; Cumulative Remedies	  	 	20	 
	 SECTION 8.8
	 	Counterparts	  	 	20	 
	 SECTION 8.9
	 	No Petition Covenant; Limited Recourse	  	 	21	 
	 SECTION 8.10
	 	Transfer of Seller’s Interest	  	 	21	 
	 SECTION 8.11
	 	Binding Effect; Third-Party Beneficiaries	  	 	21	 
	 SECTION 8.12
	 	Merger and Integration	  	 	21	 
	 SECTION 8.13
	 	Headings	  	 	21	 

  
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 This SALE AND CONTRIBUTION AGREEMENT, dated as of September 24, 2018 (as amended,
supplemented or otherwise modified and in effect from time to time, this “Agreement”), between Oaktree Strategic Income Corporation, a Delaware corporation, as seller (in such capacity, the “Seller”) and OCSI Senior
Funding Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands, as purchaser (in such capacity, the “Purchaser”). 

W I T N E S S E T H: 

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

WHEREAS, to effect the sale, assignment, and contribution of such Transferred Assets, the Seller, from time to time, has entered into, and may
in the future enter into Assignment Agreements with the Purchaser, pursuant to which all of the Seller’s right, title and interest in and to the Transferred Assets set forth therein have been or will be conveyed by the Seller to the Purchaser;
and 
 WHEREAS, it is the Seller’s and the Purchaser’s intention that the conveyance of the Transferred Assets under each
Assignment Agreement and this Agreement is a “true sale” or a “true contribution” for all purposes, such that, upon payment of the purchase price therefor or the making of a contribution, the Transferred Assets will constitute
property of the Purchaser from and after the applicable transfer date; 
 NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, it is hereby agreed by and between the Purchaser and the Seller as follows: 
 ARTICLE I

 DEFINITIONS 

SECTION 1.1 Definitions. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined). All capitalized terms used herein but not defined herein shall have the respective meanings specified in, or incorporated by reference into, the Loan Financing and Servicing
Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified and in effect from time to time, the “Loan and Servicing Agreement”), by and among the Purchaser, as borrower, the Seller, as servicer (in such
capacity, the “Servicer”) and equityholder, the lenders from time to time party thereto (the “Lenders”), Deutsche Bank AG, New York Branch, as facility agent (in such capacity, the “Facility
Agent”), the other agents parties thereto, and Wells Fargo Bank, National Association, as collateral agent and as collateral custodian (in each such capacity, the “Collateral Agent” and the “Collateral
Custodian”, respectively). 

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

“Assignment Agreement” means any assignment and assumption agreement, assignment and acceptance or similar assignment
agreement at any time entered into between the Seller and the Purchaser, and if applicable, accepted by the agent or trustee under any Underlying Instrument for the purpose of conveying the Seller’s right, title and interest in and to the
Collateral Obligations set forth therein to the Purchaser. 
 “Convey” means to sell, transfer, assign, contribute or
otherwise convey assets hereunder. 
 “Conveyance” means, as the context may require, the Initial Conveyance or a
Subsequent Conveyance. 
 “Indorsement” has the meaning specified in Section 8 102(a)(11) of the UCC, and
“Indorsed” has a corresponding meaning. 
 “Initial Conveyance” has the meaning set forth in
Section 2.1(a). 
 “Purchase Date” means each Subsequent Conveyance Date and the date of the
Initial Conveyance. 
 “Purchase Notice” has the meaning set forth in Section 2.1(b). 

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

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

“Schedule of Collateral Obligations” means a schedule of each Collateral Obligation to be transferred on each Purchase Date
in the form attached hereto as Schedule A. 
 “Seller” has the meaning set forth in the preamble hereto. 

“Subsequent Conveyance” has the meaning set forth in Section 2.1(b). 

“Subsequent Conveyance Date” has the meaning set forth in Section 2.1(b). 

“Transferred Assets” means the Collateral Obligations and Related Security Conveyed by the Seller to the Purchaser. 

“Transfer Documents” has the meaning set forth in Section 2.3. 

“Transferred Collateral Obligations” means each Collateral Obligation Conveyed from the Seller to the Purchaser pursuant to
the terms of this Agreement. 

  
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 “Warranty Collateral Obligations” has the meaning set forth in
Section 6.1. 
 SECTION 1.2 Other Terms. All accounting terms not specifically defined herein shall be
construed in accordance with generally accepted accounting principles in the United States. All terms used in Article 9 of the UCC, and not specifically defined herein, are used herein as defined in such Article 9. The term “including”
when used in this Agreement means “including without limitation.” 
 SECTION 1.3 Computation of Time Periods. Unless
otherwise stated in this Agreement, in the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means
“to but excluding.” 
 SECTION 1.4 Interpretation. In this Agreement, unless a contrary intention appears: reference to any
Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns are permitted by the Transaction Documents; 

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

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

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

(v) references to “writing” include printing, typing, lithography, electronic or other means of reproducing words in
a visible form; 
 (vi) reference to any agreement (including any Transaction Document or Underlying Instrument), document or
instrument means such agreement, document or instrument as amended, modified, supplemented, replaced, restated, waived or extended and in effect from time to time in accordance with the terms thereof and, if applicable, the terms of the other
Transaction Documents, and reference to any promissory note includes any promissory note that is an extension or renewal thereof or a substitute or replacement therefor; 

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

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

  
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 SECTION 1.5 References. 

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

CONVEYANCES OF TRANSFERRED ASSETS 

SECTION 2.1 Conveyances. 

(a) On the terms and subject to the conditions set forth in this Agreement, on the Effective Date, the Seller and the Purchaser shall execute
and deliver (i) this Agreement with a completed Schedule of Collateral Obligations (the Schedule of Collateral Obligations shall be the Schedule of Collateral Obligations to be delivered on the Effective Date under the Loan and Servicing
Agreement), and (ii) for each Transferred Asset included in the Schedule of Collateral Obligations, the Assignment Agreement required pursuant to the applicable Underlying Instrument governing such Transferred Asset. Upon receipt of this
Agreement and each executed Assignment Agreement, the Seller Conveys to the Purchaser without recourse (except to the extent specifically provided herein), and the Purchaser accepts Conveyance from the Seller (the “Initial
Conveyance”), of all of the Seller’s right, title and interest (whether now owned or hereafter acquired or arising, and wherever located) in the Transferred Assets (other than Excluded Amounts). 

(b) After the Initial Conveyance, the Seller may Convey additional Collateral Obligations to the Purchaser by delivering written notice thereof
to the Facility Agent substantially in the form set forth in Schedule B hereto (each, a “Purchase Notice”), designating the date of the proposed Conveyance (a “Subsequent Conveyance Date”) and attaching a supplement
to the Schedule of Collateral Obligations identifying the Transferred Assets proposed to be Conveyed. On the terms and subject to the conditions set forth in this Agreement and the Loan and Servicing Agreement, the Seller shall Convey to the
Purchaser without recourse (except to the extent specifically provided herein), and the Purchaser shall accept such Conveyance, on the applicable Subsequent Conveyance Date (each such Conveyance being herein called a “Subsequent
Conveyance”), all of the Seller’s right, title and interest (whether now owned or hereafter acquired or arising, and wherever located) in and to each Transferred Asset. 

(c) It is the express intent of the Seller and the Purchaser that each Conveyance of Transferred Assets by the Seller to the Purchaser pursuant
to this Agreement be construed as an absolute sale and/or contribution of such Transferred Assets by the Seller to the Purchaser providing the Purchaser with the full risks and benefits of ownership of the Transferred Assets. Further, it is not the
intention of the Seller and the Purchaser that any Conveyance be deemed a grant of a security interest in the Transferred Assets by the Seller to the Purchaser to secure a debt or other obligation of the Seller. However, in the event that,
notwithstanding the intent of the parties expressed herein, the Conveyances hereunder shall be characterized as loans and not as sales and/or contributions, then (i) this Agreement also shall be deemed to be, and hereby is, a security agreement
within the meaning of the UCC and other 

  
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applicable law and (ii) the Conveyances by the Seller provided for in this Agreement shall be deemed to be, and the Seller hereby grants to the Purchaser, a security interest in, to and
under all of the Seller’s right, title and interest in, to and under, whether now owned or hereafter acquired, such Transferred Assets and all proceeds of the foregoing. The Purchaser and its assignees shall have, with respect to such
Transferred Assets and other related rights, in addition to all the other rights and remedies available to the Purchaser and its assignees hereunder and under the Underlying Instruments, all the rights and remedies of a secured party under any
applicable UCC. 
 (d) The Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be
necessary to ensure that, if this Agreement were deemed to create a security interest in the Transferred Assets to secure a debt or other obligation, such security interest would be deemed to be a perfected security interest in favor of the
Purchaser under applicable law and will be maintained as such throughout the term of this Agreement. The Seller represents and warrants that the Transferred Assets are being transferred with the intention of removing them from the Seller’s
estate pursuant to Section 541 of the Bankruptcy Code. The Purchaser assumes all risk relating to nonpayment or failure by the Obligors to make any distributions owed by them under the Transferred Assets. Except with respect to breach of
representations, warranties and covenants expressly stated in this Agreement, the Seller assigns each Transferred Asset “as is,” and makes no covenants, representations or warranties regarding the Transferred Assets. 

(e) In connection with the Initial Conveyance, the Seller agrees to file or cause to be filed on or prior to the Effective Date (or within one
Business Day after the Effective Date), at its own expense, a financing statement or statements with respect to the Transferred Assets Conveyed by the Seller hereunder from time to time meeting the requirements of applicable state law in the
jurisdiction of the Seller’s organization to perfect and protect the interests of the Purchaser created hereby under the UCC against all creditors of, and purchasers from, the Seller, and to deliver a file-stamped copy of such financing
statements or other evidence of such filings to the Purchaser as soon as reasonably practicable after its receipt thereof. 
 (f) The Seller
agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents and take all actions as may be reasonably necessary or as the Purchaser may reasonably request, in order to perfect or protect the
interest of the Purchaser in the Transferred Assets Conveyed hereunder or to enable the Purchaser to exercise or enforce any of its rights hereunder. Without limiting the foregoing, the Seller will, in order to accurately reflect the Conveyances
contemplated by this Agreement, execute and file such financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant hereto) or other documents or instruments as may be reasonably requested by the Purchaser
and mark its master computer records (or related sub-ledger) noting the Conveyance to the Purchaser of the Transferred Assets. The Seller hereby authorizes the Purchaser to file and, to the fullest extent
permitted by applicable law, the Purchaser shall be permitted to sign (if necessary) and file without further action on the part of the Seller, initial financing statements, continuation statements and amendments thereto and assignments thereof
without the Seller’s signature; provided that the description of collateral contained in such financing statements shall be limited to only Transferred Assets. Carbon, photographic or other reproduction of this Agreement or any financing
statement shall be sufficient as a financing statement. 

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

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

SECTION 2.2 Indemnification. Without limiting any other rights which any such Person may have hereunder or under applicable law, the
Seller agrees to indemnify on an after-tax basis the Purchaser and its successors, transferees, and assigns (including each Secured Party) and all officers, directors, shareholders, controlling persons,
employees and agents of any of the foregoing (each of the foregoing Persons being individually called an “Indemnified Party”), forthwith on demand, from and against any and all damages, losses, claims, liabilities and related
reasonable and documented out-of-pocket costs and expenses, including reasonable and documented attorneys’ fees and disbursements of external counsel (all of the
foregoing being collectively called “Indemnified Amounts”) awarded against or incurred by such Indemnified Party arising out of any acts or omissions of the Seller and relating to this Agreement and the transactions contemplated
hereby (and not, for the avoidance of doubt, as a result of any acts or omissions of the Purchaser relating to this Agreement or the Loan and Servicing Agreement), excluding, however, (a) Indemnified Amounts in respect of any
Transferred Asset due to the applicable Obligor’s creditworthiness, (b) Indemnified Amounts payable to an Indemnified Party to the extent determined by a court of competent jurisdiction to have resulted from gross negligence, bad faith or
willful misconduct on the part of any Indemnified Party or its agent or subcontractor, (c) except as otherwise specifically provided herein, non-payment by any Obligor of an amount due and payable with
respect to a Transferred Asset, (d) any Excluded Taxes or (e) any punitive, indirect, consequential, special or exemplary damages. 

SECTION 2.3 Assignments. It is the intention of the Seller and the Purchaser that this Agreement, the Schedule of Collateral
Obligations and each Purchase Notice (collectively, the “Transfer Documents”) shall supplement each Assignment Agreement required to be executed under any Underlying Instrument relating to any Transferred Asset, and that whenever
possible, each provision of the Transfer Documents shall be interpreted in such manner as to be effective and valid under each applicable Underlying Instrument and without replacing or superseding such Assignment Agreement. However, to the extent
that there is a conflict or inconsistency between any provision of any Transfer Document, on the one hand, and any provision of any Assignment Agreement, on the other hand, such Assignment Agreement shall control and prevail to the extent any such
conflict or inconsistency would invalidate the sale, transfer and assignment contemplated thereby, without invalidating the remainder of such provision of such Transfer Document or the remaining provisions of the Transfer Documents, and to the
extent any provision of any Transfer Document would conflict with the Underlying Instrument applicable to any Transferred Asset in a manner that would invalidate the sale, transfer and assignment contemplated hereby, such Underlying Instrument shall
be controlling as 

  
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to such provision without invalidating the remainder of such provision or the remaining provisions of the Transfer Documents. The Seller and the Purchaser acknowledge and agree that, solely for
administrative convenience, any Transfer Document or Assignment Agreement required to be executed and delivered in connection with the transfer of a Transferred Asset in accordance with the terms of the related Underlying Instruments may reflect
that (i) the Seller (or any Affiliate or third party from whom the Seller or the applicable Affiliate may purchase Transferred Asset) is assigning such Transferred Asset directly to the Purchaser or (ii) the Purchaser is acquiring such
Transferred Asset at the closing of such Transferred Asset. 
 ARTICLE III 

CONSIDERATION AND PAYMENT; REPORTING 

SECTION 3.1 Purchase Price. The purchase price (the “Purchase Price”) for the Transferred Collateral Obligations
Conveyed on each Purchase Date shall be a dollar amount equal to the fair market value (as agreed upon between the Seller and the Purchaser at the time of such Conveyance) of such Transferred Collateral Obligations as of such date. 

SECTION 3.2 Payment of Purchase Price. The Purchase Price for the Transferred Collateral Obligations Conveyed shall be paid on the
related Purchase Date (a) by payment in cash in immediately available funds in an amount not greater than the sum of (i) the proceeds of Advances made to the Purchaser with respect to such Collateral Obligations to be Conveyed on such
Purchase Date and (ii) amounts constituting Principal Collections in the Collections Account utilized for a Reinvestment pursuant to Section 8.3(c) of the Loan and Servicing Agreement and/or (b) to the extent not paid in cash, as a
Capital Contribution (as defined in the Preference Share Purchase Agreement) by the Seller to the Purchaser in an amount equal to the unpaid portion of the Purchase Price, as specified by the Seller in the Purchase Notice. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

SECTION 4.1 Seller’s Representations and Warranties. The Seller represents and warrants to the Purchaser as of the Effective Date
and as of each Purchase Date (unless such representation or warranty is made as of a specified date, in which case the Seller represents and warrants only as of such specified date): 

(a) Organization and Good Standing. The Seller is a Delaware corporation duly incorporated, validly existing and in good standing under
the laws of its jurisdiction of organization and is duly qualified to do business, and is in good standing, in every jurisdiction in which the nature of its business and the performance of its obligations hereunder and under the other Transaction
Documents to which it is a party requires it to be so qualified, except where the failure to be so qualified or in good standing would not reasonably be expected to have a material adverse effect on (i) its ability to perform its obligations
under this Agreement, (ii) the validity or enforceability of the Transferred Assets and the Related Security and (iii) its ability to perform its obligations under the other Transaction Documents to which it is a party. 

  
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 (b) Power and Authority. The Seller has the corporate power and authority to own,
pledge, mortgage and convey the Transferred Assets, to conduct its business as now, or proposed to be, conducted and to execute and deliver this Agreement and the Transaction Documents to which it is a party and to consummate the transactions
contemplated hereby and thereby. 
 (c) Authorization; Contravention. The execution, delivery and performance by the Seller of this
Agreement, each other Transaction Document to which it is a party and all other agreements, instruments and documents which are delivered by it pursuant hereto or thereto and the transactions contemplated hereby and thereby (i) have been duly
authorized by all necessary corporate action on the part of the Seller, (ii) do not contravene or cause the Seller to be in default in any material respect under (A) its certificate of incorporation or limited liability company agreement,
(B) any contractual restriction with respect to any Indebtedness of the Seller or contained in any indenture, loan or credit agreement, lease, mortgage, security agreement, bond, note or other material agreement or instrument binding on or
affecting it or its property, or (C) any law, rule, regulation, order, license, requirement, writ, judgment, award, injunction or decree applicable to, binding on or affecting it or any of its property and (iii) do not result in or require
the creation of any Lien upon or with respect to any of its properties (other than Liens created pursuant to this Agreement or any other Transaction Document). 

(d) Execution and Delivery. This Agreement and each other Transaction Document to which the Seller is a party have been duly executed
and delivered by the Seller. 
 (e) Governmental Authorization. No approval, consent of, notice to, filing with or permits, licenses,
qualifications or other action by any Official Body having jurisdiction over it or its properties is required or necessary (i) for the conduct of the Seller’s business as currently conducted, for the ownership, use, operation or
maintenance of its properties and for the due execution, delivery and performance by the Seller of this Agreement or any of the other Transaction Documents, (ii) for the perfection of the Liens granted hereunder, or (iii) to ensure the
legality, validity, or enforceability of this Agreement in any jurisdiction in which the Seller does business, in each case other than (A) the UCC financing statements, consents, notices, filings and other actions which have been obtained or
made and continuation statements and renewals in respect thereof and (B) where the lack of such consent, notice, filing or other action would not have a material adverse effect on its ability to perform its obligations hereunder and under the
Transaction Documents to which it is a party. 
 (f) Legality; Validity; Enforceability. Assuming due authorization, execution and
delivery by each other party hereto and thereto, this Agreement and each other Transaction Document to which it is a party is the legal, valid and binding obligation of the Seller enforceable against the Seller in accordance with its respective
terms, except as such enforceability may be limited by (A) bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally, (B) equitable limitations on the availability of
specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law and (C) implied covenants of good faith and fair dealing. 

  
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 (g) No Litigation. There are no proceedings or investigations pending or, to its
knowledge, threatened against the Seller, before any court or Official Body having jurisdiction over it or its properties (A) asserting the invalidity of this Agreement, or any of the other Transaction Documents, (B) seeking to prevent the
consummation of any of the transactions contemplated by this Agreement, or any of the other Transaction Documents, (C) seeking any determination or ruling that would materially and adversely affect the performance by the Seller of its
obligations under, or the validity or enforceability of, this Agreement or any of the other Transaction Documents, (D) that would reasonably be expected to have a material adverse effect on any of the Transferred Assets or (E) seeking to
impose any excise, franchise, transfer or similar tax upon the conveyance of the Transferred Assets hereunder. 
 (h) Legal
Compliance. The Seller has complied in all respects with all Applicable Laws, judgments, agreements with governmental authorities, decrees and orders with respect to its business and properties and the Transferred Assets, other than non-compliance which would not reasonably be expected to result in a Material Adverse Effect. 
 (i) Tax
Status. The Seller has timely filed all federal and other material tax returns (foreign, federal, state, local and otherwise) required to be filed by it and has paid all federal and other material taxes due and payable by it or any assessments
made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its property by any governmental authority (other than any amount the validity of which is currently being contested in good faith by
appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the Seller). It is not liable for taxes payable by any other Person. No tax lien or similar Adverse Claim has been filed, and no
claim has been filed or is being asserted, with respect to any such tax, fee, assessment or other governmental charge. Any taxes, fees and other governmental charges payable by the Seller in connection with the transactions contemplated by this
Agreement and the other Transaction Documents and the execution and delivery of this Agreement and the Transaction Documents have been paid or shall have been paid if and when due at or prior to the Effective Date or the Purchase Date, as
applicable. 
 (j) Place of Business. The principal place of business and chief executive office of the Seller, and the offices where
the Seller keeps all its Records, are located at its address specified in Schedule 4.1(j) attached hereto, or such other locations notified to the Purchaser in accordance with this Agreement. There are currently no, and during the past four months
(or such shorter time as the Seller has been in existence) there have not been, any other locations where the Seller is located (as that term is used in the UCC of the jurisdiction where such principal place of business is located). 

(k) Backup Security Interest. In the event that, notwithstanding the intent of the parties, the Conveyances hereunder shall be
characterized as loans and not as sales and/or contributions, then: 
 i. this Agreement creates a valid and continuing Lien on the
Seller’s right, title and interest in and to the Transferred Assets in favor of the Purchaser and the Collateral Agent, as assignee, for the benefit of the Secured Parties, which security interest is validly perfected under Article 9 of the UCC
(to the extent such security interest may be perfected by filing a UCC financing statement under such article), and is enforceable as such against creditors of and purchasers from the Seller; 

  
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 ii. the Transferred Assets are comprised of Instruments, Security Entitlements, General
Intangibles, Certificated Securities, Uncertificated Securities, Securities Accounts, Investment Property and Proceeds and such other categories of collateral under the applicable UCC as to which the Seller has complied with its obligations as set
forth herein; 
 iii. the Seller owns and has good and marketable title to the Transferred Collateral Obligations Conveyed to the Purchaser
on the applicable Purchase Date, free and clear of any Lien; 
 iv. the Seller has received all consents and approvals required by the terms
of any Collateral Obligation to the sale and granting of a security interest in the Collateral Obligations hereunder to the Purchaser and the Collateral Agent, as assignee on behalf of the Secured Parties; 

v. the Seller has caused or authorized the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under Applicable Law in order to perfect the security interest in that portion of the Transferred Assets in which a security interest may be perfected by filing pursuant to Article 9 of the UCC as in effect in Delaware; 

vi. the Seller has not filed or authorized the filing of, and is not aware of, any financing statement against the Seller that includes as a
description of collateral covering any Collateral Obligation other than financing statements (A) relating to the security interest granted to the Purchaser and the Collateral Agent under this Agreement or pursuant to any other Transaction
Document, or (B) that has been terminated and/or fully and validly assigned to the Collateral Agent on or prior to the Effective Date; 

vii. all original executed copies of each underlying promissory note constituting or evidencing any Transferred Collateral Obligation have been
or, subject to the delivery requirements contained in the Loan and Servicing Agreement, will be delivered to the Purchaser; 
 viii. none of
the underlying promissory notes that constitute or evidence the Collateral Obligations has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Purchaser and the Collateral Agent,
as assignee on behalf of the Secured Parties; 
 ix. with respect to a Transferred Asset that constitutes a Certificated Security, such
certificated security has been delivered to the Purchaser or, will be delivered to the Purchaser and, if in registered form, has been specially Indorsed (within the meaning of the UCC) to the Purchaser or in blank by an effective Indorsement or has
been registered in the name of the Purchaser upon original issue or registration of transfer by the Seller of such Certificated Security, in each case, promptly upon receipt but in no event later than three (3) Business Days following the
related Funding Date; provided that any file-

  
 -10- 

 
stamped document, promissory note and certificates including in any Collateral Obligation File shall be delivered as soon as they are reasonably available (even if not within three
(3) Business Days of the related Funding Date); and in the case of an Uncertificated Security, by (A) causing the Purchaser to become the registered owner of such uncertificated security and (B) causing such registration to remain
effective. 
 (l) Fair Consideration; No Avoidance for Collateral Obligation Payments. With respect to each Transferred Collateral
Obligation sold or contributed hereunder, the Seller sold or contributed such Transferred Collateral Obligation to the Purchaser in exchange for payment, made in accordance with the provisions of this Agreement, in an amount which constitutes fair
consideration and reasonably equivalent value. Each such Conveyance referred to in the preceding sentence shall not have been made for or on account of an antecedent debt owed by the Seller to the Purchaser and, accordingly, no such sale is or may
be voidable or subject to avoidance under title 11 of the United States Code and the rules and regulations thereunder. In addition, no such Conveyance shall have been made with the intent to hinder or delay payment to or defraud any creditor of the
Seller. 
 (m) Eligibility of Transferred Collateral Obligations. Each Transferred Collateral Obligation Conveyed hereunder is, at the
time of such Conveyance, an Eligible Collateral Obligation. At the time of such Conveyance, no event has occurred and is continuing which could reasonably be expected to affect the collectibility of such Transferred Collateral Obligation or cause it
not to be paid in full. 
 (n) Adequate Capitalization; No Insolvency. The Seller is not the subject of any Insolvency Event. The
Seller is solvent and will not become insolvent after giving effect to the transactions contemplated by this Agreement and the other Transaction Documents. The Seller is, and after giving effect to the transactions contemplated by this Agreement and
the other Transaction Documents, will be, adequately capitalized for its business as proposed to be conducted in the foreseeable future and does not expect the commencement of any insolvency, bankruptcy or similar proceedings or the appointment of a
receiver, liquidator or similar official in respect of its assets. The Seller executed and delivered each of the Transaction Documents to which it is a party for fair consideration and reasonably equivalent value and without the intent to hinder,
delay or defraud any of its creditors or any other Person. The Conveyance by the Seller of the Seller’s interest in the Transferred Assets constitutes a reasonable and practicable action in the ordinary course of the Seller’s business.

 (o) True Sale or True Contribution. Each Transferred Asset sold or contributed hereunder shall have been sold or contributed by the
Seller to the Purchaser in a “true sale” or a “true contribution.” 
 (p) True and Complete Information. All
information (other than projections and forward-looking information) heretofore or hereafter furnished by or on behalf of the Seller in writing to any Lender, the Collateral Agent or the Facility Agent in connection with this Agreement, the other
Transaction Documents, the Transferred Assets, or any transaction contemplated hereby is and will be (when taken as a whole) true, correct and complete in all material respects (or, in the case of general economic data, industry information or
information relating to third parties, or if not prepared by or under the direction of the Seller, is true and correct in all material respects to the knowledge of the Seller after reasonable inquiry). 

  
 -11- 

 (q) Selection Procedures. In selecting the Transferred Collateral Obligations, no
selection procedures were employed which are intended to be adverse to the interests of the Purchaser or the Lenders. The Purchase Price has been determined by the Seller in good faith in accordance with Section 3.1. 

(r) [Reserved]. 
 (s)
Payment in Full. As of the date such Transferred Collateral Obligation was Conveyed to the Purchaser, the Seller has no actual knowledge of any fact which leads it or should have led a reasonable person to expect that (and no event has
occurred and is continuing which could reasonably be expected to cause) any payments on any Transferred Asset at the time of Conveyance will not be paid in full when due or to expect any other material adverse effect on (i) the performance by
the Seller of its obligations under this Agreement or any of the other Transaction Documents to which it is a party, (ii) the validity or enforceability of this Agreement or any of the other Transaction Documents to which it is a party, or
(iii) the Transferred Assets or the interests of the Seller therein. 
 (t) Representations and Warranties True and Correct. Each
of the representations and warranties of the Seller contained in the Transaction Documents (other than this Agreement) is true and correct in all material respects (or if such representation and warranty is already qualified by the words
“material”, “materially” or “Material Adverse Effect”, then such representation and warranty shall be true and correct in all respects) and the Seller hereby makes each such representation and warranty to, and for the
benefit of, the Purchaser, the Lenders and the Facility Agent, as if the same were set forth in full in this Agreement. 
 (u) No
Unmatured Servicer Default; Servicer Default; Unmatured Event of Default; Event of Default. No Unmatured Servicer Default, Servicer Default, Unmatured Event of Default or Event of Default has occurred and is continuing. 

(v) No Brokers or Finders. No broker or finder acting on behalf of the Seller was employed or utilized in connection with this Agreement
or the other Transaction Documents or the transactions contemplated hereby or thereby and the Seller has no obligation to any Person in respect of any finder’s or broker’s fees in connection therewith. 

(w) Restricted Payments. The Seller shall not cause or permit the Purchaser to make any payments or distributions which would violate
Section 10.16 of the Loan and Servicing Agreement. 
 (x) Special Purpose Entity. The Purchaser is an entity with assets and
liabilities separate and distinct from those of the Seller and any Affiliates thereof, and the Seller hereby acknowledges that the Facility Agent, the Lenders and the other Secured Parties are entering into the transactions contemplated by the Loan
and Servicing Agreement in reliance upon the Purchaser’s identity as a legal entity that is separate from the Seller and from each other Affiliate of the Seller. Without limiting the foregoing, Section 9.27 and Section 10.5 of the
Loan and Servicing Agreement shall apply mutatis mutandis to this clause (x) as if fully set forth herein, as applicable. 

  
 -12- 

 (y) Transferred Collateral Obligations. The information contained in Schedule
A is true, correct and complete as of such Purchase Date. 
 (z) Set–Off, etc. No Transferred Collateral Obligation included
in any Borrowing Base was, at the time of Conveyance thereof, compromised, adjusted, extended, satisfied, subordinated, rescinded, set–off or modified by the Seller or by the Obligor thereof, and no Transferred Collateral Obligation included in
any Borrowing Base was, at the time of Conveyance thereof, subject to compromise, adjustment, extension, satisfaction, subordination, rescission, set–off, counterclaim, defense, abatement, suspension, deferment, deduction, reduction,
termination or modification, whether arising out of transactions concerning the Transferred Collateral Obligations or otherwise, by the Seller or by the Obligor with respect thereto, except, in each case, for amendments, extensions and
modifications, if any, to such Transferred Collateral Obligation otherwise permitted or not prohibited under the Transaction Documents and in accordance with the Servicing Standard. 

(aa) No Fraud. Each Collateral Obligation was originated without any fraud or material misrepresentation by the Seller or, to the
Seller’s knowledge, the related Obligor. 
 (bb) Price of Collateral Obligations. The Purchase Price for each Collateral
Obligation Conveyed by the Seller to the Purchaser hereunder represents the fair market value of such Collateral Obligation as of the time of conveyance hereunder, as may have changed from the time such Collateral Obligation was originally acquired
by the Seller. 
 (cc) Notice to Agents and Obligors. The Seller will direct any agent, facility agent or Obligor for any Collateral
Obligation included in the Transferred Assets to remit all payments and collections with respect to such Collateral Obligation directly to the Purchaser. 

(dd) Collections. The Seller acknowledges that all interest and principal collections received by it or its Affiliates with respect to
the Transferred Assets (other than any Excluded Amount) Conveyed to the Purchaser are held and shall be held in trust for the benefit of the Purchaser and its assignees until deposited into the applicable Account as required in the Loan and
Servicing Agreement. The Seller promptly shall remit to the Purchaser or the Purchaser’s designee any payment or any other sums relating to, or otherwise payable on account of, the Transferred Assets (other than any Excluded Amount) that the
Seller receives after the applicable Purchase Date. 
 (ee) Covenants. All covenants, agreements and undertakings of the Seller
hereunder required to be performed as of such date have been fully performed. 
 SECTION 4.2 Reaffirmation of Representations and
Warranties by the Seller; Notice of Breach. On the Effective Date and on each Purchase Date, the Seller, by accepting the proceeds of such Conveyance, shall be deemed to have certified that all representations and warranties described in
Section 4.1 are true and correct in all material respects (or if such representation and warranty is already qualified by the words “material”, “materially” or “Material Adverse Effect”, then
such representation and warranty shall be true and correct in all 

  
 -13- 

 
respects) on and as of such day as though made on and as of such day (or if specifically referring to an earlier date, as of such earlier date). The representations and warranties set forth in
Section 4.1 shall survive (i) the Conveyance of the Transferred Assets to the Purchaser, (ii) the termination of the rights and obligations of the Purchaser and the Seller under this Agreement and (iii) the
termination of the rights and obligations of the Purchaser under the Loan and Servicing Agreement. Upon discovery by a Responsible Officer of the Purchaser or the Seller of a breach of any of the foregoing representations and warranties in any
material respect, the party discovering such breach shall give prompt written notice to the other and to the Facility Agent. 
 ARTICLE V

 COVENANTS OF THE SELLER 

SECTION 5.1 Covenants of the Seller. The Seller hereby covenants and agrees with the Purchaser that, from the date hereof, and until
the termination of this Agreement, unless the Purchaser otherwise consents in writing: 
 (a) Compliance with Agreements and Applicable
Laws. The Seller shall perform each of its obligations under this Agreement and the other Transaction Documents and comply with all Applicable Laws, including those applicable to the Transferred Assets and all proceeds thereof, except to the
extent that the failure to so comply would not reasonably be expected to have a material adverse effect on (i) its ability to perform its obligations under the Transaction Documents to which it is a party, (ii) its assets, operations,
properties, financial condition, or business or (iii) the validity or enforceability of this Agreement or any of the other Transaction Documents. 

(b) Maintenance of Existence and Conduct of Business. The Seller shall: (i) do or cause to be done all things necessary to
(A) preserve and keep in full force and effect its existence as a corporation and maintain its rights and franchises in its jurisdiction of incorporation and (B) qualify and remain qualified as a corporation in good standing and preserve
its rights and franchises in each jurisdiction in which the failure to so qualify and remain qualified and preserve its rights and franchises would reasonably be expected to have a material adverse effect on its assets, operations, properties,
financial condition, or business; (ii) continue to conduct its business substantially as now conducted or as otherwise permitted hereunder and under its organizational documents (which, for the avoidance of doubt, shall not prohibit the Seller
from entering into similar transactions with other persons); and (iii) at all times maintain, preserve and protect all of its licenses, permits, charters and registrations in each case except where the failure to maintain such licenses,
permits, charters and registrations would not reasonably be expected to have a material adverse effect on its assets, operations, properties, financial condition, or business. 

(c) Cash Management Systems: Deposit of Collections. The Seller shall transfer, or cause to be transferred, all Collections (if any) it
receives to the Collection Account by the close of business on the Business Day following the date such Collections are received by the Seller. 

  
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 (d) Books and Records. The Seller shall keep proper books of record and account in
which full and correct entries in all material respects shall be made of all financial transactions with the Purchaser and the assets and business of the Seller related to its obligations under this Agreement or any Transferred Asset in accordance
with GAAP, maintain and implement administrative and operating procedures; and keep and maintain all documents, books, records and other information necessary or reasonably advisable and relating to the Transferred Assets prior to their Conveyance
hereunder for the collection of all Transferred Assets. 
 (e) Accounting of Purchases. Other than for tax and consolidated accounting
purposes, the Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale or contribution of the Transferred Assets by the Seller to the Purchaser; provided that solely for federal income tax
reporting purposes, the Purchaser is treated as a “disregarded entity” and, therefore, the Conveyance of Transferred Assets by the Seller to the Purchaser hereunder will not be recognized. 

(f) Payment, Performance and Discharge of Obligations. The Seller shall pay, perform and discharge or cause to be paid, performed and
discharged promptly all Charges payable by it except where the failure to so pay, discharge or otherwise satisfy such obligation would not, individually or in the aggregate, be expected to have a material adverse effect on (i) its ability to
perform its obligations under the Transaction Documents to which it is a party, (ii) its assets, operations, properties, financial condition, or business or (iii) the validity or enforceability of this Agreement or any of the other
Transaction Documents. 
 (g) Taxes. The Seller will file on a timely basis all tax returns (including foreign, federal, state, local
and otherwise) required to be filed and will pay all taxes due and payable by it or any assessments made against it or any of its property and all other 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 Seller). 

(h) ERISA. The Seller shall not, and shall not cause or permit any of its Affiliates to, cause or permit to occur an event that results
in the imposition of a Lien on any Transferred Asset under Section 412 of the IRC or Section 303(K) or 4068 of ERISA. 
 (i)
Liens. The Seller shall not create, incur, assume or permit to exist any Lien on or with respect to any of its rights under any of the Transaction Documents or on or with respect to any of its rights in the Transferred Assets, in each case
other than Permitted Liens. For the avoidance of doubt, this Section 5.1(i) shall not apply to any property retained by the Seller and not Conveyed or purported to be Conveyed hereunder. 

(j) Change of Name. Etc. The Seller shall not change its name, identity or corporate structure in any manner that would make any
financing statement or continuation statement filed by the Seller or Purchaser pursuant hereto (or by the Facility Agent on behalf of the Seller or Purchaser) in accordance with Section 2.1(c) seriously misleading or change
its jurisdiction of organization, unless the Seller shall have given the Purchaser at least 30 days prior written notice thereof, and shall promptly file appropriate amendments to all previously filed financing statements and continuation
statements. 

  
 -15- 

 (k) Sale Characterization. The Seller shall not make statements or disclosures, or
treat the transactions contemplated by this Agreement (other than for tax or consolidated accounting purposes) in any manner other than as a true sale, contribution or absolute assignment of the title to and sole record and beneficial ownership
interest of the Transferred Assets (which, with respect to any Related Security, shall only be to the extent of the Seller’s interest therein) Conveyed or purported to be Conveyed hereunder; provided that the Seller may consolidate the
Purchaser and/or its properties and other assets for accounting purposes in accordance with GAAP. 
 (l) Commingling. The Seller shall
not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute Collections or other proceeds of any Collateral Obligations into the Collection Account. 

(m) Separate Identity. The Seller acknowledges that the Facility Agent, the Lenders and the other Secured Parties are entering into the
transactions contemplated by this Agreement and the Loan Agreement in reliance upon the Purchaser’s identity as a legal entity that is separate from the Seller and each other Affiliate of the Seller. Without limiting the generality of the
foregoing and in addition to the other covenants set forth herein, Section 9.27 and Section 10.5 of the Loan and Servicing Agreement shall apply mutatis mutandis to this clause (m) as if fully set forth herein, as applicable.

 ARTICLE VI 

WARRANTY LOANS 
 SECTION
6.1 Warranty Collateral Obligations. The Seller agrees that, with respect to any Transferred Collateral Obligation, in the event of a breach of any representation or warranty or covenant set forth in Section 4.1(k)
or (o) hereof or Sections 9.13 or 9.26 of the Loan and Servicing Agreement or a material breach of any other representation, warranty, undertaking or covenant set forth in Section 4.1(l), (p), (q),
(z) or (cc) hereof or Sections 9.15, 9.16, 10.21, 18.3 or 18.5(b) of the Loan and Servicing Agreement that exists as of the related Purchase Date (each such Transferred Collateral Obligation, a “Warranty Collateral
Obligation”), no later than 30 days after the earlier of (x) actual knowledge of such breach on the part of a Responsible Officer of the Seller or the Purchaser and (y) receipt by the Seller of written notice thereof, the Seller
shall either (a) pay to the Collection Account in immediately available funds the Repurchase Amount with respect to the Warranty Collateral Obligation(s) to which such breach relates or (b) substitute for such Warranty Collateral
Obligation(s) one or more Eligible Collateral Obligation with an aggregate Collateral Obligation Amount at least equal to the Repurchase Amount of the Warranty Collateral Obligation(s) being replaced; provided, that no such repayment or
substitution shall be required to be made with respect to any Warranty Collateral Obligation (and such Collateral Obligation shall cease to be a Warranty Collateral Obligation) if, on or before the expiration of such 30 day period, the
representations and warranties in Article IV with respect to such Warranty Collateral Obligation shall be made true and correct in all material respects (or if such representation and warranty is already qualified by

  
 -16- 

 
the words “material”, “materially” or “Material Adverse Effect”, then such representation and warranty shall be true and correct in all respects) with respect to
such Warranty Collateral Obligation as if such Warranty Collateral Obligation had been Conveyed to the Purchaser on such day or if the Advances outstanding do not exceed the Borrowing Base. For the avoidance of doubt, any breach of a representation
or warranty set forth in the first sentence of this Section 6.1 caused solely by a failure with respect to one or more Collateral Obligations shall not constitute an Event of Default under the Loan and Servicing Agreement
if the Seller otherwise complies with this Section 6.1 with respect to each such Collateral Obligation. 
 SECTION
6.2 Dilutions, Etc. The Seller agrees that if, on any day following the Revolving Period (x) either (1) an Unmatured Event of Default or an Event of Default has occurred and is continuing or (2) any Collateral Quality Test or
the Minimum Equity Test is not satisfied and (y) the Principal Balance of a Transferred Collateral Obligation that has been sold by the Seller hereunder is either reduced or adjusted as a result of any setoff by the Obligor against the Seller,
the Seller shall be deemed to have received on such day a Collection of such Transferred Collateral Obligation in the amount of such setoff and shall, within two (2) Business Days, pay to the Collection Account in immediately available funds an
amount equal to such setoff. 
 ARTICLE VII 

CONDITIONS PRECEDENT 

SECTION 7.1 Conditions Precedent. The obligations of the Purchaser to pay the Purchase Price for the Transferred Assets sold on the
Effective Date and any Purchase Date shall be subject to the satisfaction of the following conditions: 
 (a) All representations and
warranties of the Seller contained in this Agreement shall be true and correct in all material respects (or if such representation and warranty is already qualified by the words “material”, “materially” or “Material Adverse
Effect”, then such representation and warranty shall be true and correct in all respects) on such date; 
 (b) All information
concerning the Transferred Assets provided to the Purchaser and the Facility Agent shall be true and correct, when taken as a whole, in all material respects as of such date; 

(c) The Seller shall have performed in all material respects all other obligations required to be performed by it pursuant to the provisions of
this Agreement, the Underlying Instruments and the other Transaction Documents to which it is a party as of such date; 
 (d) The Seller
shall have either filed or caused to be filed (or shall have arranged for such filing to be made within one Business Day) the financing statement(s) required to be filed pursuant to Section 2.1(c); and 

  
 -17- 

 (e) All organizational and legal proceedings, and all instruments in connection with the
transactions contemplated by this Agreement and the other Transaction Documents shall be reasonably satisfactory in form and substance to the Purchaser, and the Purchaser shall have received from the Seller copies of all documents (including records
of corporate proceedings) relevant to the transactions herein contemplated as the Purchaser may reasonably have requested. 
 ARTICLE VIII

 MISCELLANEOUS PROVISIONS 

SECTION 8.1 Amendments, Etc. This Agreement and the rights and obligations of the parties hereunder may not be amended, supplemented,
waived or otherwise modified except in an instrument in writing signed by the Purchaser and the Seller and consented to in writing by the Facility Agent. Any reconveyance executed in accordance with the provisions hereof shall not be considered an
amendment or modification to this Agreement. 
 SECTION 8.2 Governing Law: Submission to Jurisdiction. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. EACH OF THE PARTIES
HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION ARISING DIRECTLY OR INDIRECTLY OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED
HEREUNDER. 
 (b) Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of
any New York State or Federal court sitting in New York City in any action or proceeding arising out of or relating to the Transaction Documents, and each party hereto hereby irrevocably agrees that all claims in respect of such action or proceeding
may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. The parties hereto hereby irrevocably waive, to the fullest extent they may effectively do so, the defense of an inconvenient forum
to the maintenance of such action or proceeding. The parties hereto agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by law. 
 SECTION 8.3 Notices. All notices and other communications provided for hereunder shall, unless otherwise stated herein, be
in writing (including facsimile or other electronic communication) and shall be personally delivered or sent by certified mail, postage prepaid, by electronic mail or by facsimile, to the intended party at the address or facsimile number of such
party set forth below: 

  
 -18- 

	 	(a)	 in the case of the Purchaser: 

OCSI Senior Funding Ltd. 
 1301
Avenue of the Americas, 34th Floor 
 New York, New York 10019 

Attention: Matthew Stewart 

Telephone: 212-284-7856 

Email: mstewart@oaktreecapital.com 

With a copy to: 
 333 South
Grand Avenue, 28th Floor 
 Los Angeles, California 90072 

Attention: Mary Gallegly 

Telephone: 213-356-3521 

Email: mgallegly@oaktreecapital.com 
  

	 	(b)	 in the case of the Seller: 

Oaktree Strategic Income Corporation 

1301 Avenue of the Americas, 34th Floor 

New York, New York 10019 

Attention: Matthew Stewart 

Telephone: 212-284-7856 

Email: mstewart@oaktreecapital.com 

With a copy to: 
 333 South
Grand Avenue, 28th Floor 
 Los Angeles, California 90072 

Attention: Mary Gallegly 

Telephone: 213-356-3521 

Email: mgallegly@oaktreecapital.com 

(in each case, with a copy to the Facility Agent at the address for notice provided under the Loan and Servicing Agreement) 

All such notices and communications shall be effective, (a) if personally delivered, when received, (b) if sent by certified mail, three Business
Days after having been deposited in the mail, postage prepaid, (c) if sent by two-day mail, two Business Days after having been deposited in the mail, postage prepaid, (d) if sent by overnight
courier, one Business Day after having been given to such courier, and (e) if transmitted by email, when sent, receipt confirmed by electronic means. 

SECTION 8.4 Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
for any reason whatsoever be held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining covenants, agreements, provisions, or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. 

  
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 SECTION 8.5 Assignment. The Purchaser and the Seller each agree that at any time and
from time to time, at its expense and upon reasonable request of the Facility Agent or the Collateral Agent, it shall promptly execute and deliver all further instruments and documents, and take all reasonable further action, that is necessary or
desirable to perfect and protect the Conveyances and security interests granted or purported to be granted by this Agreement or to enable the Collateral Agent or any of the Secured Parties to exercise and enforce its rights and remedies under this
Agreement with respect to any Transferred Assets. Without limiting the generality of the foregoing, the Seller authorizes the filing of such financing or continuation statements, or amendments thereto, and such other instruments or notices as may be
necessary or desirable or that the Purchaser or the Collateral Agent (acting solely at the Facility Agent’s request) as the assignee of the Purchaser may reasonably request to protect and preserve the Conveyances and security interests granted
by this Agreement. 
 SECTION 8.6 Further Assurances. 

(a) The Purchaser and the Seller agree to do and perform, from time to time, any and all acts and to execute any and all further instruments
reasonably requested by the other party more fully to effect the purposes of this Agreement and the other Transaction Documents, including the execution of any financing statements or continuation statements or equivalent documents relating to the
Transferred Assets for filing under the provisions of the UCC or other laws of any applicable jurisdiction. 
 (b) The Purchaser and the
Seller hereby severally authorize the Collateral Agent, upon receipt of written direction from the Facility Agent, to file one or more financing or continuation statements, and amendments thereto, relating to all or any part of the Transferred
Assets. 
 (c) The Seller shall furnish to the Collateral Agent and the Facility Agent from time to time such statements and schedules
further identifying and describing the Related Security and such other reports in connection with the Transferred Assets as the Collateral Agent (acting solely at the Facility Agent’s request) or the Facility Agent may reasonably request, all
in reasonable detail. 
 SECTION 8.7 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part
of the Purchaser, the Seller or the Facility Agent, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers and privilege provided by law.

 SECTION 8.8 Counterparts. This Agreement may be executed in two or more counterparts including telecopy transmission thereof (and
by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or e-mail in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
 -20- 

 SECTION 8.9 No Petition Covenant; Limited Recourse. Section 17.12 of the Loan
and Servicing Agreement shall apply mutatis mutandis to this Agreement as if fully set forth herein, as applicable. 
 SECTION 8.10
Transfer of Seller’s Interest. With respect to each transfer of a Transferred Asset on any Purchase Date, (i) the Purchaser shall, as to each Transferred Asset, be a party to the relevant Underlying Instruments and have the rights
and obligations of a lender thereunder, and (ii) the Seller shall, to the extent provided in this Agreement, and the applicable Underlying Instruments, relinquish its rights and be released from its obligations, as to each Transferred Asset.
The obligors or agents on the Transferred Asset were or will be notified of the transfer of the Transferred Asset to the Purchaser to the extent required under the applicable Underlying Instruments. The Purchaser, the Servicer or the Collateral
Agent will have possession of the related Underlying Instrument (including the underlying promissory notes, if any). 
 SECTION 8.11
Binding Effect; Third-Party Beneficiaries. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. The Facility Agent, for the benefit of the Secured Parties,
is intended by the parties hereto to be a third-party beneficiary of this Agreement. 
 SECTION 8.12 Merger and Integration. Except
as specifically stated otherwise herein, this Agreement and the other Transaction Documents set forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by
this Agreement and the other Transaction Documents. 
 SECTION 8.13 Headings. The headings herein are for purposes of reference only
and shall not otherwise affect the meaning or interpretation of any provision hereof. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

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

			
	OAKTREE STRATEGIC INCOME CORPORATION, as Seller
		
	By:	 	Oaktree Capital Management, L.P.
	Its:	 	Investment Adviser
		
	By:	 	 /s/ Mary Gallegly

		 	Name: Mary Gallegly
		 	Title: Senior Vice President
		
	By:	 	 /s/ Jordan Mikes

		 	Name: Jordan Mikes
		 	Title: Vice President

 Sale and Contribution Agreement 

 
			
	OCSI SENIOR FUNDING LTD., as Purchaser
		
	By:	 	 /s/ Dianne Farjallah

	Name: Dianne Farjallah
	Title: Director

 Sale and Contribution AgreementEX-10.11

 Exhibit 10.11 

EXECUTION VERSION 

AMENDMENT NO. 1 TO LOAN FINANCING AND SERVICING AGREEMENT, dated as of March 13, 2019 (this “Amendment”), among OCSI
Senior Funding Ltd., as borrower (the “Borrower”), Oaktree Strategic Income Corporation, as servicer (the “Servicer”) and Deutsche Bank AG, New York Branch (“DBNY”), as facility agent (in such
capacity, the “Facility Agent”) and as a committed lender (in such capacity, a “Lender”). 
 WHEREAS, the
Borrower, Oaktree Strategic Income Corporation, as equityholder, the Servicer, Wells Fargo Bank, National Association, as collateral agent and collateral custodian, the Facility Agent and each Lender party thereto are party to the Loan Financing and
Servicing Agreement, dated as of September 24, 2018 (as amended, supplemented, amended and restated and otherwise modified from time to time, the “Loan Agreement”); and 

WHEREAS, the Borrower, the Servicer and the Facility Agent have agreed to amend the Loan Agreement in accordance with Section 17.2 of the
Loan 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 Loan
Agreement. 
 ARTICLE II 

Amendments to the Loan Agreement 

SECTION 2.1. Section 1.1 of the Loan Agreement is hereby amended by deleting the reference to
“six-month” in the definition of “Revolving Period” therein, and inserting “nine-month” in lieu thereof. 

SECTION 2.2. Section 1.1 of the Loan Agreement is hereby amended by deleting the reference to “six (6)” in the definition of
“Facility Termination Date” therein, and inserting “three (3)” in lieu thereof. 

 ARTICLE III 

Conditions to Effectiveness 

SECTION 3.1. This Amendment shall become effective as of the date hereof upon satisfaction of the following conditions: 

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

(b) the Facility Agent’s receipt of (i) the signed legal opinion of Walkers, counsel to the Borrower, in form and substance
acceptable to the Facility Agent in its reasonable discretion, (ii) a good standing certificate for the Borrower issued by the applicable Official Body of its jurisdiction of organization and (iii) satisfactory evidence that the Borrower
has obtained all required consents and approvals of all Persons to the execution, delivery and performance of this Amendment and the consummation of the transactions contemplated hereby. 

ARTICLE IV 

Representations and Warranties 

SECTION 4.1. The Borrower hereby represents and warrants to the Facility Agent that, as of the date first written above, (i) no Event of
Default, Unmatured Event of Default, Servicer Default or Unmatured Servicer Default has occurred and is continuing and (ii) the representations and warranties of the Borrower contained in the Loan 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 V 

Miscellaneous 
 SECTION
5.1. 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 5.2. 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 5.3.
Ratification. Except as expressly amended and waived hereby, the Loan Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. 

SECTION 5.4. Counterparts. 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. 

SECTION 5.5. 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. 
 SECTION 5.6. No Proceedings; Limited
Recourse. The provisions of Sections 17.11 and 17.12 of the Loan Agreement are incorporated herein mutatis mutandis. 
 [Signature pages
follow] 

 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. 
  

			
	OCSI SENIOR FUNDING LTD., as Borrower
		
	By:	 	 /s/ Dianne Farjallah

		 	Name: Dianne Farjallah
		 	Title: Director

  

			
	OAKTREE STRATEGIC INCOME CORPORATION, as Servicer
		
	By:	 	 /s/ Mary Gallegly

		 	Name: Mary Gallegly
		 	Title: Secretary

  

			
	DEUTSCHE BANK AG, NEW YORK BRANCH, as Facility Agent
		
	By:	 	 /s/ Amit Patel

		 	Name: Amit Patel
		 	Title: Managing Director
		
	By:	 	 /s/ Steven Flowers

		 	Name: Steven Flowers
		 	Title: Director

  
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