Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 SALE AND
CONTRIBUTION AGREEMENT 
 between 

OWL ROCK CORE INCOME CORP., 
 as
Seller 
 and 
 CORE
INCOME FUNDING III LLC, 
 as Purchaser 

Dated as of March 24, 2022 
  

 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	 
		
	 ARTICLE II CONVEYANCES OF TRANSFERRED ASSETS
	  	 	4	 
			
	 SECTION 2.1
	 	Conveyances	  	 	4	 
	 SECTION 2.2
	 	Indemnification	  	 	6	 
	 SECTION 2.3
	 	Assignments	  	 	7	 
	 SECTION 2.4
	 	Transfer Taxes	  	 	7	 
		
	 ARTICLE III CONSIDERATION AND PAYMENT; REPORTING
	  	 	7	 
			
	 SECTION 3.1
	 	Purchase Price	  	 	7	 
	 SECTION 3.2
	 	Payment of Purchase Price	  	 	8	 
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	8	 
			
	 SECTION 4.1
	 	Seller’s Representations and Warranties	  	 	8	 
	 (a)
	 	Existence, Qualification and Power	  	 	8	 
	 (b)
	 	Authorization; No Contravention	  	 	8	 
	 (c)
	 	Governmental Authorization; Other Consents	  	 	8	 
	 (d)
	 	Binding Effect	  	 	8	 
	 (f)
	 	Compliance with Laws	  	 	9	 
	 (j)
	 	Value Given	  	 	10	 
	 (l)
	 	Solvency	  	 	11	 
	 SECTION 4.2
	 	Reaffirmation of Representations and Warranties by the Seller; Notice of Breach	  	 	13	 
	 SECTION 4.3
	 	Purchaser’s Representations and Warranties	  	 	14	 
	 (b)
	 	Compliance with Laws	  	 	14	 
		
	 ARTICLE V COVENANTS OF THE SELLER
	  	 	15	 
			
	 SECTION 5.1
	 	Covenants of the Seller	  	 	15	 
	 (f)
	 	Payment of Obligations	  	 	16	 

  
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	 ARTICLE VI WARRANTY COLLATERAL ASSETS
	  	 	18	 
			
	 SECTION 6.1
	 	Warranty Collateral Assets	  	 	18	 
	 SECTION 6.2
	 	Dilutions, Etc.	  	 	18	 
		
	 ARTICLE VII CONDITIONS PRECEDENT
	  	 	18	 
			
	 SECTION 7.1
	 	Conditions Precedent	  	 	18	 
		
	 ARTICLE VIII MISCELLANEOUS PROVISIONS
	  	 	19	 
			
	 SECTION 8.1
	 	Amendments, Etc.	  	 	19	 
	 SECTION 8.2
	 	Governing Law: Submission to Jurisdiction	  	 	19	 
	 SECTION 8.3
	 	Notices	  	 	20	 
	 SECTION 8.4
	 	Severability of Provisions	  	 	21	 
	 SECTION 8.5
	 	Assignment	  	 	21	 
	 SECTION 8.6
	 	Further Assurances	  	 	21	 
	 SECTION 8.7
	 	No Waiver; Cumulative Remedies	  	 	21	 
	 SECTION 8.8
	 	Counterparts	  	 	21	 
	 SECTION 8.9
	 	No Petition Covenant; Limited Recourse	  	 	22	 
	 SECTION 8.10
	 	Binding Effect; Third-Party Beneficiaries	  	 	22	 
	 SECTION 8.11
	 	Merger and Integration	  	 	22	 
	 SECTION 8.12
	 	Headings	  	 	22	 
	 SECTION 8.13
	 	Transfer of Seller’s Interest	  	 	22	 

  

  
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 This SALE AND CONTRIBUTION AGREEMENT, dated as of March 24, 2022 (as amended,
supplemented or otherwise modified from time to time in accordance with its terms, this “Agreement”), between OWL ROCK CORE INCOME CORP., a Maryland Corporation, as seller (in such capacity, the “Seller”) and CORE
INCOME FUNDING III LLC, a Delaware limited liability company, as purchaser (in such capacity, the “Purchaser”). 

W I T N E S 
S E T H: 
 WHEREAS, the Purchaser desires to purchase certain loans and related
assets existing on the Closing Date and from time to time thereafter; 
 WHEREAS, the Seller may also wish to contribute certain loans and
related contracts to the capital of the Purchaser on the Closing Date and from time to time on each Purchase Date; 
 WHEREAS, the Seller
desires to sell, assign and contribute such loans and related contracts to the Purchaser upon the terms and conditions hereinafter set forth; 

WHEREAS, it is the Seller’s and the Purchaser’s intention that each conveyance of Transferred Assets hereunder and under each
Assignment Agreement, if any, 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 Purchase 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 Credit Agreement, dated as of
the date hereof (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”), by and among the Purchaser, as borrower, BANK OF AMERICA, N.A., as administrative agent, OWL ROCK
CAPITAL ADVISORS LLC, as servicer, ALTER DOMUS (US) LLC, as collateral custodian, BANK OF AMERICA, N.A. an affiliate of BofA Securities, Inc., as sole lead arranger and sole book manager, STATE STREET BANK AND TRUST COMPANY as collateral agent, and
the lenders party from time to time thereto. 
 “Agreement” has the meaning set forth in the preamble hereto. 

  
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 “Assignment Agreement” means any assignment and assumption agreement,
assignment and acceptance agreement 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 applicable Transferred Assets set forth therein to the Purchaser. 

“Convey” means to sell, transfer, assign, contribute or otherwise convey assets hereunder. “Conveyed” has a
corresponding meaning. 
 “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). 
 “Material Adverse Effect” means, with respect to any event or circumstance, a
materially adverse effect on (a) the assets, operations, properties, financial condition or business of the Seller; (b) the right or ability of the Seller to perform any of its obligations under this Agreement or any of the other Loan
Documents; (c) the validity or enforceability of this Agreement, any of the other Loan documents, or the rights and remedies of the Lenders or the Administrative Agent hereunder or thereunder taken as a whole; or (d) the aggregate value of
the Collateral or on the collateral assignments and Liens granted by the Borrower in the Credit Agreement taken as a whole. 

“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. 

“Purchaser Bankruptcy Case” has the meaning set forth in Section 8.9. 

“Schedule of Collateral Assets” has the meaning set forth in Section 2.1(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). 

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

“Transfer Taxes” has the meaning set forth in Section 2.4. 

  
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 “Transferred Assets” means, collectively, the Transferred Collateral Assets
and Related Security Conveyed (or purported to be Conveyed) by the Seller to the Purchaser hereunder. 
 “Transferred Collateral
Assets” means each Collateral Asset Conveyed (or purported to be Conveyed) from the Seller to the Purchaser pursuant to the terms of this Agreement. 

“Warranty Collateral Assets” 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. All terms used in Article 9 of the UCC, and not specifically defined herein, are used herein as defined in such Article 9. 

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

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

(a) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns are
permitted by the Loan Documents; 
 (b) reference to any gender includes each other gender; 

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

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

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

 (f) reference to any agreement (including any Loan 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 Loan Documents, and reference to any
promissory note includes any promissory note that is an extension or renewal thereof or a substitute or replacement therefor; 
 (g)
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 

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

 ARTICLE II 

CONVEYANCES OF TRANSFERRED ASSETS 

SECTION 2.1 Conveyances. 

(a) On the terms and subject to the conditions set forth in this Agreement, the Seller agrees to (i) Convey to the Purchaser on the
Closing Date, and the Purchaser shall purchase from the Seller on the Closing Date (the “Initial Conveyance”), all of the Seller’s right, title and interest (whether now owned or hereinafter acquired or arising, and wherever
located) in and to each Transferred Asset listed on Schedule A to this Agreement (as such schedule may be amended, supplemented, updated or otherwise modified from time to time, the “Schedule of Collateral Assets”), together with
all other Related Security and all proceeds of the foregoing but excluding the Retained Interests (if any) for such Collateral Asset. 
 (b)
After the Initial Conveyance in the event that, from time to time, the Seller agrees to Convey to the Purchaser and the Purchaser agrees to acquire from the Seller additional Collateral Assets (including Related Security), the Purchaser shall
provide a Reinvestment Request containing substantially the same information (each, a “Purchase Notice”), designating the date of the proposed Conveyance (a “Subsequent Conveyance Date”) and attaching a supplement
to the Schedule of Collateral Assets identifying the Transferred Assets proposed to be Conveyed. On the terms and subject to the conditions set forth in this Agreement and the Credit Agreement, the Seller shall Convey to the Purchaser, and the
Purchaser shall purchase, on the applicable Subsequent Conveyance Date (each such purchase and sale being herein called a “Subsequent Conveyance”), all of the Seller’s right, title and interest (whether now owned or hereinafter
acquired or arising, and wherever located) in and to each Collateral Asset then reported by the Purchaser on the Schedule of Collateral Assets attached to the related Purchase Notice, together with all other Related Security and all proceeds of the
foregoing. For the avoidance of doubt, Schedule A, when delivered in accordance with the terms hereof, shall automatically be deemed to update any previously delivered Schedule A without the need for action or consent on the part of any Person. 

(c) Collateral Assets will be acquired pursuant to one or more assignment agreements in the form specified in the applicable Underlying
Instruments having an effective date as specified in such assignment agreement. From and after each Subsequent Conveyance Date, the Collateral Asset Conveyed on such Subsequent Conveyance Date shall be deemed added to the Schedule of Collateral
Assets on Schedule A to this Agreement. 
 (d) 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
such Transferred Assets as of the applicable Purchase Date. 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, the Conveyances hereunder shall be characterized as 

  
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loans and not as sales and/or contributions, then (i) this Agreement also shall be deemed to be, and hereby is, a security agreement within the meaning of the UCC and other applicable law,
(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 perfected, first-priority security interest (subject to Permitted Liens) in, to and under all of the
Seller’s right, title and interest in, to and under, whether now owned or hereafter acquired, such Transferred Assets and all proceeds of the foregoing and (iii) the Purchaser and the Seller each represents and warrants as to itself that
each remittance (if any) from the Purchaser to the Seller with respect to the Conveyances has been (x) in payment of an obligation incurred by the Purchaser in the ordinary course of business or financial affairs of each of the Seller and the
Purchaser and (y) made in the ordinary course of business or financial affairs of each of the Seller and the Purchaser. The Purchaser and its assignees shall have, with respect to the Transferred Assets, in addition to all the other rights and
remedies available to the Purchaser and its assignees thereunder and under the applicable Underlying Instruments, all the rights and remedies of a secured party under any applicable UCC. 

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 any breach of its 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 about the Closing Date, at its own
expense, a financing statement or statements with respect to the Transferred Assets Conveyed by the Seller hereunder from time to time meeting the requirements of applicable state law in the jurisdiction of the Seller’s organization to perfect
and protect the interests of the Purchaser created hereby under the UCC against all creditors of, and purchasers from, the Seller, and to deliver a file-stamped copy of such financing statements or other evidence of such filings to the Purchaser as
soon as reasonably practicable after its receipt thereof. 
 (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 and the Lien of the Administrative Agent pursuant to the Security Agreement. The Seller hereby authorizes the Purchaser to file and, to
the fullest extent 

  
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permitted by applicable law the Purchaser shall be permitted to sign (if necessary) and file, initial financing statements, continuation statements and amendments thereto and assignments thereof
without 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. 
 (g) Each of the Seller and the Purchaser agree that prior to the time of
Conveyance of any Collateral Asset hereunder, the Purchaser has no rights to or claim of benefit from any Collateral Asset (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. 

(i) Except as otherwise permitted under this Agreement or the Loan Documents, the Seller shall have no right hereunder to reacquire any of the
Transferred Assets, and the Purchaser shall be entitled to dispose of any Transferred Assets in its discretion (subject to the Credit Agreement) and shall have no duty or obligation to account to the Seller in respect thereof nor any recourse to the
Seller in connection with any such disposition. 
 (j) Each of the Seller and the Purchaser acknowledges, agrees, represents and warrants
that (1) there are no other agreements related to the sale and purchase of the Transferred Assets other than this Agreement and any related Assignment Agreements, (2) this Agreement (along with any related Assignment Agreements) represents
the entire agreement between the parties with respect to the transactions subject of and contemplated by this Agreement, (3) this Agreement is not an attempt to hide the true agreement between the parties, and (4) the parties to this
Agreement do not and will not depart from its terms with respect to the matters subject hereof. 
 SECTION 2.2 Indemnification.(a)
Without limiting any other rights which any such Person may have hereunder or under applicable law, the Seller agrees to indemnify the Purchaser, the Purchaser’s Affiliates and the partners, directors, officers, employees, agents, trustees,
administrators, managers, advisors, consultants, service providers and representatives and representatives of the Purchaser and of the Purchaser’s Affiliates (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 (all of the foregoing being collectively called “Indemnified Amounts”) incurred by such Indemnified Party by reason of (i) any acts or
omissions of the Seller in breach of any of its agreements or covenants under any Loan Document or the transactions contemplated thereby or (ii) any breach of any representation or warranty in any material respect (or, if qualified as to
materiality or Material Adverse Effect, in all respects) on the date such representation or warranty was made of the Seller contained in any Loan Document or in any certification or written material delivered by the Seller pursuant to any Loan
Document, excluding, however, Indemnified Amounts (a) to the extent determined by a court of competent jurisdiction to have resulted from bad faith, gross negligence or willful misconduct of such Indemnified Party or its agent or
subcontractor, (b) related to the nonpayment by any obligor of an amount due and payable with respect to a Transferred Asset or any change in the market value of any Transferred Asset, (c) related to any loss in value of any Cash
Equivalent or (d) in respect of Taxes (other than Taxes that represent losses or damages arising from a non-Tax claim). 

  
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 SECTION 2.3 Assignments. It is the intention of the Seller and the Purchaser that
this Agreement, the Schedule of Collateral Assets and each Purchase Notice (collectively, the “Transfer Documents”) shall supplement each Assignment Agreement, if any, 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 any 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 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 such 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 in which case no Assignment Agreement shall be necessary. 
 SECTION 2.4
Transfer Taxes. All transfer, documentary, sales, use, stamp, registration and other such Taxes, and any conveyance fees or recording charges (collectively, “Transfer Taxes”) incurred in connection with the transactions
contemplated by this Agreement shall be borne by the party upon whom they are assessed. The party required by law to do so shall file all necessary tax returns and other documentation with respect to all such Transfer Taxes and, if required by
applicable law, the other parties shall, and shall cause their respective Affiliates to, join in the execution of any such tax returns and other documentation. 

ARTICLE III 

CONSIDERATION AND PAYMENT; REPORTING 

SECTION 3.1 Purchase Price. The purchase price (the “Purchase Price”) for the Transferred Assets 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 Assets as of such date. 

  
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 SECTION 3.2 Payment of Purchase Price. The Purchase Price shall be paid on the
related Purchase Date (a) by payment in cash in immediately available funds and/or (b) to the extent not paid in cash, as a capital contribution by the Seller to the Purchaser in an amount equal to the unpaid portion of the Purchase Price.

 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

SECTION 4.1 Seller’s Representations and Warranties. The Seller represents and warrants to the Purchaser as of the
Closing Date and as of each Purchase Date: 
 (a) Existence, Qualification and Power. The Seller (i) is duly organized,
incorporated or registered, validly existing and, as applicable, in good standing under the laws of the jurisdiction of its incorporation, registration or organization, (ii) has all requisite power and authority and has acquired all requisite
governmental licenses, authorizations, consents and approvals to (1) own or lease its assets and carry on its business in which it is currently engaged and (2) execute, deliver and perform its obligations under the Loan Documents to which
it is a party, and (iii) is duly qualified and is licensed and, as applicable, in good standing under the laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification
or license, except in each case referred to in clause (ii) or (iii), to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect. 

(b) Authorization; No Contravention. The execution, delivery and performance by the Seller of each Loan Document to which it is a party
have been duly authorized by all necessary corporate or other organizational action, and do not and will not (i) violate the terms of any of the Seller’s Organization Documents; (ii) result in any breach or contravention of, or the
creation of any Lien (other than a Permitted Lien) under, or require any payment to be made under (1) any Contractual Obligation to which the Seller is a party or affecting the Seller or the properties of the Seller or (2) any order,
injunction, writ or decree of any Governmental Authority or any arbitral award to which the Seller or its property is subject; or (iii) violate any Applicable Law, except, in each case of clause (ii) or clause (ii) only, other than
any violation, breach or conflict which would not reasonably be expected to have a Material Adverse Effect. 
 (c) Governmental
Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery
or performance by, or enforcement against, the Seller of this Agreement or any other Loan Document, other than such as have been met or obtained and are in full force and effect, except where the failure to do so would not reasonably be expected to
have a Material Adverse Effect. 
 (d) Binding Effect. This Agreement has been, and each other Loan Document to which it is a party,
when delivered hereunder, will have been, duly executed and delivered by the Seller. This Agreement constitutes, and each other Loan Document to which the Seller is a party when so delivered, and when executed and delivered by the other parties
thereto, will constitute, a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity
(whether such enforceability is considered in a suit at law or in equity). 

  
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 (e) Litigation. There are no material actions, suits, proceedings, claims or disputes
pending or, to the knowledge of the Seller, threatened at law, in equity, in arbitration or before any Governmental Authority, by or against the Seller or against any of its properties or revenues. There are no proceedings or investigations pending
or, to the Seller’s knowledge, threatened against it, before any Governmental Authority having jurisdiction over it or its properties (A) asserting the invalidity of this Agreement or any of the other Loan Documents, (B) seeking to
prevent the consummation of any of the transactions contemplated by this Agreement or any of the other Loan Documents, (C) seeking any determination or ruling that would reasonably be expected to 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 Loan Documents or (D) seeking any determination or ruling that would reasonably be expected to have a Material Adverse Effect on
the Transferred Assets taken as a whole. 
 (f) Compliance with Laws. The Seller is in compliance in all material respects with the
requirements of all Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its properties. 
 (g) Tax
Status. For U.S. federal income tax purposes, the Seller will be a U.S. Person. 
 (h) 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 Section 8.3, or such other locations notified to the Purchaser in
accordance with this Agreement in jurisdictions where all action required by the terms of this Agreement has been taken and completed. 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). 

(i) 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 this Agreement creates a valid and continuing Lien on the Transferred Assets in favor of the Purchaser and the Administrative Agent, as assignee, for the benefit of the Secured
Parties, which security interest is validly perfected under Article 9 of the UCC, and is enforceable as such against creditors of and purchasers from the Borrower; 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; with respect to Transferred Assets that constitute Security Entitlements (A) all of such Security Entitlements have been credited to the Collection Account and the Securities Intermediary has agreed to treat all assets credited to
the Collection Account as Financial Assets, (B) all steps necessary to enable the Collateral Agent to obtain Control with respect to the Collection Account have been taken and (C) the Collection Account is not in the

  
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name of any Person other than the Purchaser, subject to the Lien of the Administrative Agent for the benefit of the Secured Parties; the Purchaser has not instructed the Securities Intermediary
to comply with the entitlement order of any Person other than the Collateral Agent; provided that, until the Collateral Agent delivers a Notice of Exclusive Control (as defined in the Account Control Agreement), the Purchaser (or the Servicer
on its behalf) may cause cash in the Collection Account to be invested in Cash Equivalents, and the proceeds thereof to be paid and distributed in accordance with the Credit Agreement; all Accounts constitute Securities Accounts; the Seller owns and
has good and marketable title to the interest in the Transferred Assets Conveyed to the Purchaser on the applicable Purchase Date, free and clear of any Lien (other than Permitted Liens); the Seller has taken all necessary steps to file or authorize
the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable Law in order to perfect the security interest in that portion of the Transferred Assets in which a security interest may
be perfected by filing pursuant to Article 9 of the UCC as in effect in the state of Maryland (to the extent such security interest may be perfected by filing a UCC financing statement under such article); all original executed copies of each
underlying promissory note constituting or evidencing any Transferred Asset, if any, have been or, subject to the delivery requirements contained in the Credit Agreement, will be delivered to the Collateral Custodian; none of the underlying
promissory notes that constitute or evidence the Collateral Assets has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Purchaser and the Collateral Custodian, as assignee on
behalf of the Secured Parties; with respect to a Transferred Asset that constitutes a Certificated Security, such certificated security has been delivered to the Collateral Custodian or, subject to the delivery requirements contained in the Credit
Agreement, will be delivered to the Collateral Custodian, as assignee of the Purchaser on behalf of the Secured Parties and, if in registered form, has been specially Indorsed (within the meaning of the UCC) to the Collateral Custodian or in blank
by an effective Indorsement or has been registered in the name of the Collateral Custodian upon original issue or registration of transfer by the Seller of such Certificated Security; and in the case of an Uncertificated Security, by
(A) causing the Collateral Custodian to become the registered owner of such uncertificated security and (B) causing such registration to remain effective. 

(j) Value Given. The Purchaser has given fair consideration and reasonably equivalent value to the Seller in exchange for the purchase
of the Transferred Assets (or any number of them). No such transfer has 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 Bankruptcy 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. 

(k) Eligibility of Transferred Collateral Assets. Each Transferred Collateral Asset Conveyed hereunder is, at the time of such
Conveyance, an Eligible Collateral Asset. 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 Asset or cause it not to be paid in
full. As of each Purchase Date, Schedule A is an accurate and complete listing of all the Transferred Collateral Assets and other Transferred Assets hereunder as of such Purchase Date. 

  
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 (l) Solvency. The Seller is solvent, it is not the subject of any Insolvency Event
and it will not become insolvent after giving effect to the transactions contemplated by this Agreement and the other Loan Documents. After giving effect to the transactions contemplated by this Agreement and the other Loan Documents, the Seller
will have an adequate amount of capital to conduct 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 Loan 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.. 

(m) True Sale or True Contribution. Each Transferred Collateral Asset sold or contributed hereunder shall have been sold or contributed
by the Seller to the Purchaser in a “true sale”, “absolute transfer” or a “true contribution.” 
 (n)
Information True and Correct. All information (other than any information provided to the Seller by an un-Affiliated third party) heretofore or hereafter furnished by or on behalf of the Seller in
writing to any Lender, the Collateral Custodian or the Administrative Agent in connection with this Agreement or any transaction contemplated hereby is and will be (when taken as a whole) true and correct as of the date provided in all material
respects and does not omit to state any material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading; provided that with respect to projected financial information, the
Seller represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of preparation. With respect to any information received from any
un-Affiliated third party, the Seller (i) will not furnish (and has not furnished) any such information to any Lender, the Collateral Custodian or the Administrative Agent in connection with this
Agreement or any transaction contemplated hereby that it knows (or knew) to be incorrect at the time such information is (or was) furnished in any material respect and (ii) has informed (or will inform) the applicable Lender, the Collateral
Custodian or the Administrative Agent, as applicable, of any such information which it found to be incorrect in any material respect after such information was furnished. 

(o) Selection Procedures. In selecting the Transferred Assets hereunder, no selection procedures were employed which are intended to be
adverse to the interests of the Administrative Agent or any Lender. 
 (p) Investment Company Status. The Seller is an
“investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act. 

(q) Payment in Full. As of the date such Transferred Asset was Conveyed to the Purchaser, the Seller has no knowledge of any fact which
leads it to expect that 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 (A) the performance by the Seller of its obligations under this
Agreement or any of the Loan Documents to which it is a party, (B) the validity or enforceability of this Agreement or any of the Loan Documents to which it is a party, or (C) the Transferred Assets or the interests of the Seller therein.

  
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 (r) Representations and Warranties True and Correct. Each of the representations and
warranties of the Seller contained in the Loan 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 to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be
true and correct (in all material respects or as so qualified, as applicable) as of such earlier date), and the Seller hereby makes each such representation and warranty to, and for the benefit of, the Borrower, the Lenders and the Administrative
Agent, as if the same were set forth in full in this Agreement. 
 (s) No Unmatured Servicer Termination Event; Servicer Termination
Event; Default or Event of Default. No Unmatured Servicer Termination Event, Servicer Termination Event, Default or Event of Default has occurred and is continuing; provided that, as of any Purchase Date, an Unmatured Servicer Termination
Event or Default may have occurred and be continuing if the Borrower is acquiring a Collateral Asset in order to cure a Borrowing Base Deficiency in accordance with Section 2.03(b) of the Credit Agreement. 

(t) 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 Loan Documents or the transactions contemplated hereby or thereby and the Seller has no obligation to any Person in respect of any finder’s or brokerage fees in connection therewith. 

(u) Restricted Payments. The Seller shall not cause or permit the Purchaser to make any payments or distributions which would violate
Section 7.06 of the Credit Agreement. 
 (v) 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 Administrative Agent, the Lenders and the other Secured Parties are entering into the transactions contemplated by the Credit
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. Therefore, prior to and as of the date of execution and delivery of this Agreement, except as
required for tax and consolidated accounting purposes, the Seller has taken all reasonable steps, including all steps that the Purchaser or the Administrative Agent may from time to time reasonably request, to create the Purchaser’s identity as
a legal entity that is separate from the Seller and from each other Affiliate of the Seller, and to make it manifest to third parties that the Purchaser is an entity with assets and liabilities distinct from those of the Seller and each other
Affiliate thereof and not just a division of the Seller or any such other Affiliate. 
 (w) Transferred Assets. As of each Purchase
Date, Schedule A is an accurate and complete listing of all the Transferred Assets hereunder as of such Purchase Date and the information contained therein with respect to the identity of such Transferred Assets and the amounts owing thereunder is
true and correct as of the related Purchase Date. 

  
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 (x) Set–Off, etc. As of the applicable time of Conveyance, no Transferred Asset
has been compromised, adjusted, extended, satisfied, subordinated, rescinded, set-off or modified by the Seller or the obligor thereof, and no Transferred Asset, as of the applicable time of Conveyance, was
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 Asset or otherwise, by the Seller or the obligor with respect thereto, except, in each case, pursuant to the Loan Documents and for amendments, extensions and modifications, if any, to
such Transferred Asset otherwise permitted hereby and in accordance with the Servicing Standard. 
 (y) No Fraud. Each Collateral
Asset was originated without any fraud or material misrepresentation by the Seller or, to the Seller’s knowledge, on the part of the related obligor. 

(z) Price of Collateral Assets. The Purchase Price for each Collateral Asset Conveyed by the Seller to the Purchaser hereunder
represents the fair market value of such Collateral Asset as of the time of conveyance hereunder, as may have changed from the time such Collateral Asset was originally acquired by the Seller. 

(aa) Notice to Agents. The Seller will, or will cause the Purchaser to, direct any agent, administrative agent or obligor for any
Collateral Asset included in the Transferred Assets to remit all payments and collections with respect to such Collateral Asset directly to the Purchaser. 

(bb) Good Faith, etc. The sale of the Transferred Assets by the Seller to the Purchaser is made in good faith and for valuable
consideration and not at an undervalue. The sale of the Transferred Assets is for a proper purpose and not willfully to defeat an obligation owed to a creditor.  

(cc) Collections. The Seller acknowledges that all Collections received by it or its Affiliates with respect to the Transferred Assets
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 Credit Agreement. The Seller promptly shall remit to the Purchaser or the
Purchaser’s designee any payment or any other sums that the Seller receives after the applicable Purchase Date relating to, or otherwise payable on account of, the Transferred Assets. 

SECTION 4.2 Reaffirmation of Representations and Warranties by the Seller; Notice of Breach. On the Closing 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 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 Credit
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 Administrative Agent. 

  
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 SECTION 4.3 Purchaser’s Representations and Warranties. The
Purchaser represents and warrants to the Seller as of the Closing Date and as of each Purchase Date: 
 (a) Existence, Qualification and
Power. The Purchaser (i) is duly organized, incorporated or registered, validly existing and, as applicable, in good standing under the laws of the jurisdiction of its incorporation, registration or organization, (ii) has all requisite
power and authority and has acquired all requisite governmental licenses, authorizations, consents and approvals to (1) own or lease its assets and carry on its business in which it is currently engaged and (2) execute, deliver and perform
its obligations under the Loan Documents to which it is a party, and (iii) is duly qualified and is licensed and, as applicable, in good standing under the laws of each jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification or license. 
 (b) Compliance with Laws. The Purchaser is in compliance in all
material respects with the requirements of all Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its properties. 

(c) Authorization; No Contravention. The execution, delivery and performance by the Purchaser of each Loan Document to which it is a
party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) violate the terms of any of the Purchaser’s Organization Documents; (b) result in any breach or contravention of,
or the creation of any Lien (other than a Permitted Lien) under, or require any payment to be made under (i) any Contractual Obligation to which the Purchaser is a party or affecting the Purchaser or the properties of the Purchaser or
(ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which the Purchaser or its property is subject; or (c) violate any Applicable Law. 

(d) Execution and Delivery. This Agreement, and each other Loan Document to which the Purchaser is a party, has been duly executed and
delivered by the Purchaser. 
 (e) Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, the Purchaser of this Agreement or any other
Loan Document, other than such as have been met or obtained and are in full force and effect. 
 (f) Binding Effect. This Agreement
has been, and each other Loan Document to which the Purchaser is a party, when delivered hereunder, will have been, duly executed and delivered by the Purchaser. This Agreement constitutes, and each other Loan Document to which the Purchaser is a
party when so delivered, and when executed and delivered by the other parties thereto, will constitute, a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as such
enforceability may be limited by Debtor Relief Laws and by general principles of equity (whether such enforceability is considered in a suit at law or in equity). 

  
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 (g) Litigation. There are no material actions, suits, proceedings, claims or disputes
pending or, to the knowledge of the Purchaser, threatened at law, in equity, in arbitration or before any Governmental Authority, by or against the Purchaser or against any of its properties or revenues. There are no proceedings or investigations
pending or, to the Purchaser’s knowledge, threatened against the Purchaser, before any Governmental Authority having jurisdiction over it or its properties (A) asserting the invalidity of this Agreement or any of the other Loan Documents,
(B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the other Loan Documents, (C) seeking any determination or ruling that would reasonably be expected to materially and adversely
affect the performance by the Purchaser of its obligations under, or the validity or enforceability of, this Agreement or any of the other Loan Documents or (D) seeking any determination or ruling that would reasonably be expected to have a
material adverse effect on any of the Transferred Assets. 
 (h) No Brokers or Finders. No broker or finder acting on behalf of the
Purchaser was employed or utilized in connection with this Agreement or the transactions contemplated hereby and the Purchaser has no obligation to any Person in respect of any finder’s or broker’s fees in connection therewith. 

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 Loan Documents and comply in all material respects with the requirements of all Applicable Laws and all orders, writs,
injunctions and decrees applicable to it or to its business or property, except in such instances in which such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted.

 (b) Maintenance of Existence and Conduct of Business. The Seller shall to the maximum extent permitted pursuant to Applicable
Laws, (i) preserve, renew and maintain in full force and effect its legal existence and good standing (if applicable) under the laws of the jurisdiction of its organization, incorporation or registration except in a transaction permitted by the
Credit Agreement and (ii) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except, in the case of clause (ii), to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect. The Seller will observe in all material respects all organizational procedures required by its organizational documents and the laws of its jurisdiction of
formation. At least 10 days prior the effective date thereof, the Seller shall provide to the Administrative Agent notice of any change in the name, jurisdiction of organization, organizational structure or location of records of the Seller;
provided that the Seller agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for the Administrative Agent to continue at all
times following such change to have a valid, legal and perfected security interest in all the Collateral. 

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

(d) Books and Records. The Seller shall (i) maintain proper books of record and account, in which full, true and correct entries
in conformity with the Applicable Accounting Standard consistently applied shall be made of all material financial transactions and matters involving the assets and business of the Seller, (ii) 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 and (iii) maintain such books of record and account in material conformity
with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Seller. 
 (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 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 of Obligations. The Seller shall pay and discharge as the same shall become due and payable, all its
material obligations and liabilities, including (i) all material tax liabilities, assessments and governmental charges or levies upon it or its properties or assets and (ii) all lawful claims which, if unpaid, would by law become a Lien
upon its property, unless, in each case, the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with the Applicable Accounting Standard are being maintained by the Seller,
except, in each case, to the extent that failure to do so would not constitute an “Event of Default” under Sections 9.01(g), (m) or (n) of the Credit Agreement. 

(g) Taxes. The Seller will file or cause to be filed on a timely basis all federal and other material tax returns (including foreign,
state, local and otherwise) required to be filed, if any, and will pay all federal and other material taxes due and payable by it and any material assessments made against it or any of its property (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 the Applicable Accounting Standard are provided on the books of the Seller), except where failure to do so would not be reasonably expected to
have a Material Adverse Effect. 
 (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 Code 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 Loan Documents or on or with respect to any of its rights in the Transferred Assets, in each case other than Permitted Liens and Liens which shall be released at the time of conveyance to the Purchaser. 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. 

  
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 (j) Change of Name. Etc. The Seller shall not change its name, identity or
organizational structure in any manner that would make any financing statement or continuation statement filed by the Seller (or by the Administrative Agent on behalf of the Seller or the Purchaser) in accordance with
Section 2.1(d) seriously misleading or change its jurisdiction of organization, unless the Seller shall have given the Purchaser at least 10 days prior written notice thereof, and shall promptly file appropriate amendments
to all previously filed financing statements and continuation statements. 
 (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 Collateral 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 and, provided further that 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 for tax purposes. 

(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 Assets into the Collection Account; provided that nothing in this clause (l) shall prohibit the Seller from making capital contributions to the Borrower. 

(m) Separate Identity. The Seller acknowledges that the Administrative Agent, the Lenders and the other Secured Parties are entering
into the transactions contemplated by this Agreement and the Credit 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. Accordingly, from and after the
date of execution and delivery of this Agreement, the Seller will take all reasonable steps to maintain the Purchaser’s identity as a legal entity that is separate from the Seller and each other Affiliate of the Seller and to make it manifest
to third parties that the Purchaser is an entity with assets and liabilities distinct from those of the Seller and each other Affiliate thereof and not just a division of the Seller or any such other Affiliate. Without limiting the generality of the
foregoing and in addition to the other covenants set forth herein, the Seller will take all other actions necessary on its part to ensure that the Purchaser is at all times in compliance with Section 5.29 of the Credit Agreement. 

  
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 ARTICLE VI 

WARRANTY COLLATERAL ASSETS 

SECTION 6.1 Warranty Collateral Assets. (a) Notwithstanding anything in this Agreement to the contrary, in the event of (i) a
Repurchase Event with respect to any Transferred Asset or (ii) (A) a breach of Section 5.18, Section 5.25, Section 5.31 or Section 8.04(j) of the Credit Agreement with respect to any Transferred Asset or (B) a material
breach of any other representation, warranty, undertaking or covenant set forth in Section 5.21, the second sentence of Section 5.27, or Section 12.05(a) of the Credit Agreement with respect to a Transferred Asset (or the Related
Security and other related collateral constituting part of the Collateral related to such Transferred Asset) in each case, as of the Purchase Date of such Asset (each such Transferred Asset described in clause (i) or (ii), a “Warranty
Collateral Asset”), no later than 30 days (or such longer period of time as agreed to by the Administrative Agent in its sole discretion) after the earlier of (x) actual knowledge of such breach on the part of the Seller and
(y) receipt by the Seller of written notice thereof given by the Administrative Agent (with a copy to each Lender), the Seller shall repurchase such Warranty Collateral Asset from the Purchaser at a price equal to (x) if no Default or
Event of Default has occurred and is continuing, the amount necessary to cause the Total Outstandings as of such day to not exceed the Borrowing Base as of such day (excluding such Warranty Collateral Asset) or (y) otherwise, the Repurchase
Amount of such Warranty Collateral Asset to which such breach relates, in each case, together with interest accrued on such Loans; provided, that no such repayment shall be required to be made with respect to any Warranty Collateral Asset (and such
Transferred Asset shall cease to be a Warranty Collateral Asset) if, on or before the expiration of such 30 day period, the representations and warranties set forth in clause (a)(ii)(A) above with respect to such Warranty Collateral Asset shall be
made true and correct and the representations, warranties, undertakings and covenants set forth in clause (a)(ii)(B) above with respect to such Warranty Collateral Asset shall be made 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) with respect to such
Warranty Collateral Asset as if such Warranty Collateral Asset had been Conveyed to the Purchaser on such day or if the Total Outstandings do not exceed the Borrowing Base; provided further that, with respect to any breach of Section 12.05(a)
of the Credit Agreement, so long as the Borrower has provided the Administrative Agent with prompt notice of its intent to cure such breach, such breach shall have occurred for 10 Business Days since the date such breach was first known by the
Borrower without giving effect to any other cure period provided in the Credit Agreement. 
 SECTION 6.2 Dilutions, Etc. The Seller
agrees that if, on any day following the Availability Period, the Principal Balance of a Transferred Collateral Asset 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 Asset in the amount of such setoff and shall, within three (3) 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
Closing 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; 

  
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 (b) All information concerning the Transferred Assets provided to the Purchaser and the
Administrative 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 and the other Loan Documents to which it is a party as of such date; 

(d) The Seller shall have either filed, caused to be filed or provided in form suitable for filing the financing statement(s) required to be
filed pursuant to Section 2.1(d); and 
 (e) All corporate and legal proceedings, and all instruments in
connection with the transactions contemplated by this Agreement and the other Loan 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 Administrative 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 AND THE OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR
OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF
AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER 

  
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LOAN DOCUMENT (OTHER THAN ANY LOAN DOCUMENT THAT EXPRESSLY PROVIDES FOR SUBMISSION TO ANY OTHER COURT), OR FOR RECOGNITION OF ENFORCEMENT OF ANY JUDGMENT WITH RESPECT THERETO, AND EACH PARTY
HERETO AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH PARTY HERETO AGREES
THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION 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. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT
SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WITH REGARD TO THE ENFORCEMENT OF ITS RIGHTS WITH RESPECT TO THE COLLATERAL
AGAINST ANY PARTY HERETO OR ITS RESPECTIVE PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 SECTION 8.3 Notices. All notices and
other communications provided for hereunder shall, unless otherwise stated herein, be in writing (including electronic communication) and shall be personally delivered or sent by certified mail, postage prepaid, or by electronic mail, to the
intended party at the address or facsimile number of such party set forth below: 
  

	 	(a)	 in the case of the Purchaser: 

Core Income Funding III LLC 

399 Park Avenue, 38th Floor 

New York, NY 10022 
 Attention:
Joe Alongi 
 Email: joe@owlrock.com 
  

	 	(b)	 in the case of the Seller: 

Owl Rock Core Income Corp. 
 399
Park Avenue, 38th Floor 
 New York, NY 10022 

Attention: Joe Alongi 
 Email:
joe@owlrock.com 
 (in each case, with a copy to the Administrative Agent at the address for notice provided under the Credit 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 telephone or electronic means. 

  
 -20- 

 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. 
 SECTION 8.5
Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. 

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 Loan Documents, including the preparation of any financing statements or continuation statements or equivalent documents relating to the
Transferred Collateral Assets for filing under the provisions of the UCC or other laws of any applicable jurisdiction. 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 Administrative Agent’s request), as the collateral assignee of the Purchaser, as
the assignee of the Purchaser may reasonably request to protect and preserve the Conveyances and security interests granted by this Agreement. 

(b) The Purchaser and the Seller hereby severally authorize the Collateral Agent, upon receipt of written direction from the Administrative
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 Custodian and the Administrative 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 Custodian (acting solely at the Administrative Agent’s request) or the Administrative 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 Administrative 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 e-mail in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
 -21- 

 SECTION 8.9 No Petition Covenant; Limited Recourse. (a) The Seller shall not, as
to the Purchaser (i) take any action to, or give or make any consent, instruction, vote, claim, approval, filing or notice to commence (or oppose the dismissal of) any case, proceeding or other action under any existing or future law of any
jurisdiction relating to bankruptcy, insolvency, reorganization, rehabilitation, arrangement, adjustment, winding-up, liquidation, sequestration, dissolution, composition, or other relief with respect to the
Purchaser or any of the assets or debts of the Purchaser (a “Purchaser Bankruptcy Case”), (ii) join with, cause, solicit or instruct any person or entity to commence (or oppose the dismissal of) such a Purchaser Bankruptcy Case,
(iii) move, directly or indirectly, for appointment of a receiver, liquidator, assignee, trustee, custodian, examiner or sequestrator or similar official with respect to the Purchaser or any of the assets or debts of the Purchaser, or
(iv) seek any order relating to the winding up, liquidation or dissolution of the Purchaser or a general assignment for the benefit of the Purchaser’s creditors. Nothing in this Section 8.9 shall preclude, or be deemed to estop, the
Seller from commencing against the Purchaser or any of its properties any legal action which is not a bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceeding. Notwithstanding any other provisions of this Agreement,
the obligations of the Purchaser hereunder shall be payable solely from its assets, subject to any applicable priority of payments specified in the Credit Agreement, and following realization of such assets, any claims against the Purchaser
hereunder shall be extinguished. No recourse shall be had for any amounts payable or any other obligations arising under this Agreement against any officer, member, director, employee, partner or security holder of the Purchaser or the Seller or any
of their respective successors or assigns and no recourse shall be had for any obligations against any Affiliate of the Purchaser or the Seller (other than the direct obligations of the Purchaser or Seller hereunder). 

SECTION 8.10 Binding Effect; Third-Party Beneficiaries. This Agreement and the other Loan Documents will inure to the benefit of and be
binding upon the parties hereto and their respective successors and permitted assigns. The Administrative Agent, for the benefit of the Secured Parties, is intended by the parties hereto to be a third-party beneficiary of this Agreement. 

SECTION 8.11 Merger and Integration. Except as specifically stated otherwise herein, this Agreement and the other Loan 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 Loan Documents. 

SECTION 8.12 Headings. The headings herein are for purposes of reference only and shall not otherwise affect the meaning or
interpretation of any provision hereof. 
 SECTION 8.13 Transfer of Seller’s Interest. (a) With
respect to each Conveyance 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 Custodian will have possession of the related
Underlying Instrument (including the underlying promissory notes, if any). 

  
 -22- 

 The Seller and the Purchaser acknowledge and agree that, solely for administrative
convenience, (i) any Assignment Agreement or other transfer document required to be executed and delivered in connection with the Conveyance of a Transferred Asset by the Seller to the Purchaser may reflect that the prior record holder
(including any Affiliate or third party from whom the Seller may purchase such asset) is assigning such Transferred Asset directly to the Purchaser or (ii) the Purchaser, as designee of the Seller, may acquire such Transferred Asset as a lender
at the closing thereof. Nothing in any such Assignment Agreement or other transfer document shall be deemed to impair the true sale or contribution from the Seller to the Purchaser hereunder in accordance with the terms hereof. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 -23- 

 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. 
  

			
	OWL ROCK CORE INCOME CORP., as Seller
		
	By:	 	  

		 	Name:
		 	Title:
	
	CORE INCOME FUNDING III LLC, as Purchaser
		
	By:	 	  

		 	Name:
		 	Title:

  
 -1- 

 Schedule A 

SCHEDULE OF COLLATERAL ASSETS 

[Provided Separately]EXHIBIT 4.1
​
DESCRIPTION OF CAPITAL STOCK
​
The following summarizes the material terms of the capital stock of KULR Technology Group, Inc. (“KULR,” “our Company,” “we” or “us”). KULR is a corporation incorporated under the laws of the State of Delaware, and accordingly its internal corporate affairs are governed by Delaware law and by its certificate of incorporation, as amended (our “certificate of incorporation”) and its by-laws, which are filed as exhibits to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and available at www.sec.gov. The following summary is qualified in its entirety by reference to the applicable provisions of Delaware law and our certificate of incorporation and by-laws, which are subject to future amendment in accordance with the provisions thereof. Our common stock is the only class of our securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
​
Authorized Capital Stock
​
Our authorized capital stock consists of 500,000,000 shares of common stock, par value $0.0001 per share, and 20,000,000 shares of preferred stock, par value $0.0001 per share. The number of shares of our common stock issued and outstanding as of a recent date is set forth on the cover page of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. As of the same date, we had preferred stock designated as follows: 1,000,000 shares designated as Series A Preferred Stock (of which none were outstanding); 31,000 shares designated as Series B Convertible Preferred Stock (of which none were outstanding); 400 shares designated as Series C Convertible Preferred Stock (of which none were outstanding); and 650 shares designated as Series D Convertible Preferred Stock (of which none were outstanding).
​
Common Stock
​
Voting Rights. Each holder of our common stock is entitled to one vote per share on all matters on which stockholders are generally entitled to vote. Our certificate of incorporation does not provide for cumulative voting in the election of directors.
​
Dividends.  Subject to the preferential rights, if any, of the holders of any outstanding series of our preferred stock, holders of shares of our common stock are entitled to receive dividends out of any of our funds legally available when, as and if declared by our Board of Directors (our “Board”). The timing, declaration, amount and payment of future dividends depend upon our financial condition, earnings, capital requirements and debt service obligations, as well as legal requirements, regulatory constraints, industry practice and other factors that our Board deems relevant.
​
Liquidation.  If we liquidate, dissolve or wind up our affairs, holders of our common stock will be entitled to share proportionately in our assets available for distribution to stockholders, subject to the preferential liquidation rights, if any, of the holders of any outstanding series of our preferred stock.
​
Other Rights.  The holders of our common stock have no preemptive rights and no rights to convert their common stock into any other securities, and our common stock is not subject to any redemption or sinking fund provisions.
​
Preferred Stock
​
Under our certificate of incorporation and subject to the limitations prescribed by law, our Board, without stockholder approval, may issue our preferred stock in one or more series, and may establish from time to time the number of shares to be included in such series and may fix the designation, powers, privileges, preferences and relative participating, optional or other rights, if any, of the shares of each such series and any qualifications, limitations or restrictions thereof.
​
When and if we issue additional shares of preferred stock, we will establish the applicable preemptive rights, dividend rights, voting rights, conversion privileges, redemption rights, sinking fund rights, rights upon voluntary or involuntary liquidation, dissolution or winding up and any other relative rights, preferences and limitations for the particular preferred stock series.
​
​

Anti-Takeover Effects of Provisions of Delaware Law, Our Certificate of incorporation and By-laws
​
Delaware statutory law and our certificate of incorporation and by-laws contain provisions that could make acquisition of our Company by means of a tender offer, a proxy contest or otherwise more difficult. These provisions are intended to discourage certain types of coercive takeover practices and takeover bids that our Board may consider inadequate and to encourage persons seeking to acquire control of us to first negotiate with our Board. We believe that the benefits of increased protection of our ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure us outweigh the disadvantages of discouraging takeover or acquisition proposals because, among other things, negotiation of these proposals could result in an improvement of their terms. The description of our certificate of incorporation and by-laws set forth below is only a summary and is qualified in its entirety by reference to our certificate of incorporation and by-laws, which have been filed as exhibits to our most recent Annual Report on Form 10-K.
​
Blank Check Preferred Stock.  Our certificate of incorporation permits us to issue, without any further vote or action by the stockholders, up to 20,000,000 shares of preferred stock in one or more series and, with respect to each such series, to fix the number of shares constituting the series and the designation of the series, the voting powers (if any) of the shares of the series, and the preferences and relative, participating, optional and other rights, if any, and any qualifications, limitations or restrictions, of the shares of such series. The ability to issue such preferred stock could discourage potential acquisition proposals and could delay or prevent a change in control.
​
Number of Directors; Filling Vacancies; Removal.  Our certificate of incorporation and by-laws provide that the Board will consist of not less than one member, with the exact number of directors to be fixed exclusively by the Board. In addition, our certificate of incorporation and by-laws provide that a board vacancy resulting from the death, resignation, disqualification or removal of a director or other cause, as well as a vacancy resulting from an increase in the number of directors, may be filled solely by the affirmative vote of a majority of the remaining directors then in office even though that may be less than a quorum of the Board.
​
Special Meetings.  Our certificate of incorporation and by-laws provide that special meetings of the stockholders may only be called by our Board, certain officers of our Company or two-thirds or more in amount, of each class or series of the capital stock of our Company entitled to vote at such meeting on the matters that are the subject of the proposed meeting. These provisions may make it more difficult for stockholders to take an action opposed by our Board.
​
Section 203 of the Delaware General Corporation Law.  Section 203 of the DGCL provides that, subject to certain specified exceptions, a corporation will not engage in any “business combination” with any “interested stockholder” for a three-year period following the time that such stockholder becomes an interested stockholder unless (1) before that time, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder, (2) upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85 percent of the voting stock of the corporation outstanding at the time the transaction commenced (excluding certain shares) or (3) on or after such time, both the board of directors of the corporation and at least 662/3 percent of the outstanding voting stock which is not owned by the interested stockholder approves the business combination. Section 203 of the DGCL generally defines an "interested stockholder" to include (x) any person that owns 15 percent or more of the outstanding voting stock of the corporation, or is an affiliate or associate of the corporation and owned 15 percent or more of the outstanding voting stock of the corporation at any time within three years immediately prior to the relevant date and (y) the affiliates and associates of any such person.
​
Section 203 of the DGCL generally defines a "business combination" to include (1) mergers and sales or other dispositions of 10 percent or more of the corporation's assets with or to an interested stockholder, (2) certain transactions resulting in the issuance or transfer to the interested stockholder of any stock of the corporation or its subsidiaries, (3) certain transactions which would increase the proportionate share of the stock of the corporation or its subsidiaries owned by the interested stockholder and (4) receipt by the interested stockholder of the benefit (except proportionately as a stockholder) of any loans, advances, guarantees, pledges, or other financial benefits.
​
Under certain circumstances, Section 203 of the DGCL makes it more difficult for a person who would be an “interested stockholder” to effect various business combinations with a corporation for a three-year period, although
​

the certificate of incorporation or stockholder-adopted by-laws may exclude a corporation from the restrictions imposed under Section 203. Neither our certificate of incorporation nor our by-laws exclude our Company from the restrictions imposed under Section 203 of the DGCL. We anticipate that Section 203 may encourage companies interested in acquiring our Company to negotiate in advance with our Board since the statute’s supermajority stockholder approval requirement would not be applicable if our Board approves, prior to the time the stockholder becomes an interested stockholder, either the business combination or the transaction which results in the stockholder becoming an interested stockholder.
​
Transfer Agent and Registrar
​
The transfer agent and registrar for our common stock is VStock Transfer LLC.
​
Market Information
​
Our common stock is currently traded on the NYSE American LLC Exchange under the symbol “KULR.”

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