Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
  

 
 October 14, 2022 

ORCIC JV WH II LLC, 
 as Pledgor

 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, 

as Secured Party 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Securities Intermediary 

SECURITIES ACCOUNT CONTROL AGREEMENT 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	ARTICLE I INTERPRETATION	  	 	1	 
		
	ARTICLE II APPOINTMENT OF SECURITIES INTERMEDIARY	  	 	2	 
		
	ARTICLE III THE SECURED ACCOUNTS	  	 	2	 
		
	ARTICLE IV THE SECURITIES INTERMEDIARY	  	 	5	 
		
	ARTICLE V INDEMNITY; LIMITATION ON DAMAGES; EXPENSES; FEES	  	 	11	 
		
	ARTICLE VI REPRESENTATIONS AND AGREEMENTS	  	 	12	 
		
	ARTICLE VII ADVERSE CLAIMS	  	 	13	 
		
	ARTICLE VIII TRANSFER	  	 	13	 
		
	ARTICLE IX TERMINATION	  	 	14	 
		
	ARTICLE X MISCELLANEOUS	  	 	14	 
		
	ARTICLE XI NOTICES	  	 	16	 
		
	ARTICLE XII GOVERNING LAW AND JURISDICTION	  	 	17	 
		
	ARTICLE XIII DEFINITIONS	  	 	17	 
		
	ARTICLE XIV LIMITED RECOURSE; NO BANKRUPTCY PETITION	  	 	19	 

  
 -i- 

 This SECURITIES ACCOUNT CONTROL AGREEMENT (this “Agreement”), dated as of
October 14, 2022, among ORCIC JV WH II LLC (the “Pledgor”), U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as collateral custodian (the “Collateral Custodian”) on behalf of the Secured Parties to the Loan
Agreement defined below (the “Secured Party”) and U.S. BANK NATIONAL ASSOCIATION, as securities intermediary (the “Securities Intermediary”). 

In consideration of the mutual agreements hereinafter contained and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

INTERPRETATION 

Section 1. (a) Definitions. The terms defined in Section 13 will have the meanings therein specified for
the purpose of this Agreement. In addition, all terms used herein which are defined in the Revolving Loan Agreement, dated as of the date hereof, among the Pledgor, each CLO subsidiary from time to time party thereto, ORCIC BC 9 LLC, as collateral
manager, the Collateral Custodian, Royal Bank of Canada, as administrative agent and the Lenders from time to time party thereto (as may be amended, restated, supplemented and modified from time to time, the “Loan Agreement”) or in
Article 8 or Article 9 of the UCC and which are not otherwise defined herein are used herein as so defined. 
 (b) Rules of
Construction. Unless the context otherwise clearly requires: (i) the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined, (ii) whenever the context may require, any pronoun shall
include the corresponding masculine, feminine and neuter forms, (iii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (iv) the word
“will” shall be construed to have the same meaning and effect as the word “shall”, (v) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (vi) any reference herein to any Person shall be construed
to include such Person’s successors and assigns, (vii) the words “herein,” “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any
particular provision hereof, (viii) all references herein to Sections shall be construed to refer to Sections of this Agreement and (ix) any reference to “execute”, “executed”, “sign”, “signed”,
“signature” or any other like term hereunder shall include execution by electronic signature (including, without limitation, any PDF file, .jpeg file, or any other electronic or image file, or any “electronic signature” as
defined under the U.S. Electronic Signatures in Global and National Commerce Act (“E-SIGN”) or the New York Electronic Signatures and Records Act (“ESRA”), which includes any
electronic signature provided using Orbit, Adobe Fill & Sign, Adobe Sign, DocuSign, or any other similar platform identified by the Pledgor and reasonably available at no undue burden or expense to the Secured Party or the Securities
Intermediary), except to the extent the Securities Intermediary or the Collateral Custodian requests otherwise. Any such electronic signatures shall be valid, effective and legally binding as if such electronic signatures were handwritten signatures
and shall be deemed to have been duly and validly delivered for all purposes hereunder. 

  
 1 

 ARTICLE II 

APPOINTMENT OF SECURITIES INTERMEDIARY 

Section 2. Each of the Pledgor and the Secured Party hereby appoints the Securities Intermediary as securities intermediary hereunder.
The Securities Intermediary hereby accepts such appointment. 
 ARTICLE III 

THE SECURED ACCOUNTS 

Section 3. (a) Establishment of Secured Accounts. The Securities Intermediary acknowledges and agrees that, at the direction and
on behalf of the Secured Party, it has established and is maintaining on its books and records, in the name of the Pledgor, (i) the securities account designated as the “Collateral Account” with account number 225487-700 (such account, together with any sub-accounts or replacements thereof or substitutions therefor, the “Collateral Account”), (ii) the securities
account designated as the “Collection Account”, which shall be comprised of the following two sub-accounts: (1) the sub-account designated as the
“Interest Collection Account” with account number 225487-200 and (2) the sub-account designated as the “Principal Collection Account” with
account number 225487-201 (such account, together with any sub-accounts or replacements thereof or substitutions therefor, the “Collection Account”),
and (iii) the securities account designated as the “Unfunded Exposure Account” with account number 225487-800 (such account, together with any
sub-accounts or replacements thereof or substitutions therefor, the “Unfunded Exposure Account” and, together with the Collateral Account and the Collection Account, the “Secured
Accounts”). For the avoidance of doubt (i) the Securities Intermediary shall have the right to open such subaccounts of Secured Accounts as it deems necessary or appropriate for convenience of administration of this Agreement and
(ii) references herein to a Secured Account shall include all subaccounts of such Secured Account. 
 (b) Status of Secured Accounts;
Treatment of Property as Financial Assets; Relationship of Parties. The Securities Intermediary hereby agrees with the Pledgor and Secured Party that: (i) each Secured Account is a “securities account” (within the meaning of Section 8-501(a) of the UCC and Article 1(1)(b) of the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary (the “Hague Securities Convention”))
in respect of which the Securities Intermediary is a “securities intermediary” (within the meaning of Section 8-102(a)(14) of the UCC) and an “intermediary” within the meaning of
Article 1(1)(c) of the Hague Securities Convention, (ii) each item of property (whether cash, a security, an instrument or any other property) credited to any Secured Account shall be treated as a “financial asset” (within the meaning
of Section 8-102(a)(9) of the UCC), provided that nothing herein shall require the Securities Intermediary to credit to the Secured Accounts or to treat as a financial asset (within the

  
 2 

 
meaning of Section 8-102(a)(9) of the UCC) or other asset in the nature of a general intangible (as defined in
Section 9-102(a)(42) of the UCC) or to “maintain” a sufficient quantity thereof (within the meaning of Section 8-504 of the UCC) and (iii) each
Secured Account and any rights or proceeds derived therefrom are subject to a security interest in favor of the Secured Party arising under the Loan Agreement. The Pledgor and Secured Party hereby direct the Securities Intermediary, subject to the
terms of this Agreement, to identify the Secured Party on its books and records as the “entitlement holder” (as defined in Section 8-102(a)(7) of the UCC) with respect to each Secured Account
and the property held therein and the Securities Intermediary agrees to do the same. Notwithstanding any term hereof or elsewhere to the contrary, it is hereby expressly acknowledged that (a) interests in loans (each, a “Loan”) may be
acquired and delivered by the Pledgor to the Securities Intermediary from time to time which are not evidenced by, or accompanied by delivery of, a security (as that term is defined in UCC
Section 8-102(15)) or an instrument (as that term is defined in Section 9-102(a)(47) of the UCC), and may be evidenced solely by delivery to the Securities
Intermediary of a facsimile copy of an assignment agreement (“Loan Assignment Agreement”) in favor of the Pledgor as assignee, (b) any such Loan Assignment Agreement (and the registration of the related Loan on the books and records
of the applicable obligor or bank agent) shall be registered in the name of the Pledgor, (c) any duty on the part of the Securities Intermediary with respect to such Loan (including in respect of any duty it might otherwise have to maintain a
sufficient quantity of such Loan for purposes of UCC Section 8-504) shall be limited to the exercise of reasonable care by the Securities Intermediary in the physical custody of any such Loan Assignment
Agreement that may be delivered to it, and (d) the Collateral and any rights or proceeds derived therefrom are subject to the liens and other security interests in favor of the Collateral Custodian on behalf of the Secured Parties as set forth
in the Loan Agreement and that the rights of the Pledgor in respect of the Collateral are also subject to such liens and such other security interests as set forth in the Loan Agreement. 

(c) Crediting Property. The Securities Intermediary will, by book-entry notation, promptly credit to the applicable Secured Account all
property to be credited thereto pursuant to the Loan Agreement. 
 (d) Form of Securities, Instruments, etc. All securities and other
financial assets credited to any Secured Account that are in registered form or that are payable to or to the order of shall be (i) registered in the name of, or payable to or to the order of, the Securities Intermediary, (ii) indorsed to
or to the order of the Securities Intermediary or in blank or (iii) credited to another securities account maintained in the name of the Securities Intermediary; and in no case will any financial asset credited to any Secured Account be
registered in the name of, or payable to or to the order of, the Pledgor or any other person or indorsed to or to the order of the Pledgor or any other person, except to the extent the foregoing have been specially indorsed to or to the order of the
Securities Intermediary or in blank. 
 (e) Securities Intermediary’s Jurisdiction. The Securities Intermediary agrees that, for
the purposes of the UCC, its “securities intermediary’s jurisdiction” (within the meaning of Section 8-110(e) of the UCC) shall be the State of New York. 

(f) Conflicts with other Agreements. The Securities Intermediary agrees that, if there is any conflict between this Agreement (or any
portion thereof) and any other agreement (whether now existing or hereafter entered into) relating to any Secured Account, the provisions of this Agreement shall prevail. 

  
 3 

 (g) No Other Agreements. The Securities Intermediary hereby confirms and agrees that: 

(i) other than the other account forms required by the Securities Intermediary and this Agreement (such documents, the
“Account Documents”) to the best of its knowledge, there are no other agreements entered into between the Securities Intermediary and the Pledgor with respect to any Secured Account or any financial asset or security entitlement
credited thereto (other than customary agreements relating to the creation and maintenance of the Secured Accounts); 
 (ii)
other than the Account Documents, it has not entered into, and until the termination of this Agreement will not enter into, any other agreement with any other Person (including the Pledgor) relating to any Secured Account and/or any financial asset
or security entitlement thereto (A) pursuant to which it has agreed or will agree to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) of such other Person or
(B) with respect to the creation or perfection of any other security interest in any Secured Account or any financial asset or security entitlement credited thereto; and 

(iii) it has not entered into, and until the termination of this Agreement will not enter into, any agreement with the Pledgor
or the Secured Party purporting to limit or condition the obligation of the Securities Intermediary to comply with entitlement orders as set forth in Section 3(h). 

(h) Transfer Orders, Standing Instructions. 

(i) The Pledgor, the Secured Party and the Securities Intermediary each agree that if at any time a Responsible Officer of the
Securities Intermediary shall receive an “entitlement order” (within the meaning of Section 8-102(a)(8) of the New York UCC) or any other order originated by the Secured Party and relating to
any Secured Account or any financial assets or security entitlements credited thereto (collectively, a “Transfer Order”), the Securities Intermediary shall comply with such Transfer Order without further consent by the Pledgor or
any other Person. The Securities Intermediary shall have no obligation to act and shall be fully protected in refraining from acting, in respect of any such Collateral in the absence of such Transfer Order. 

(ii) At any time prior to the delivery to and receipt by the Securities Intermediary of a Notice of Exclusive Control or after
such Notice of Exclusive Control is withdrawn or rescinded by the Secured Party in writing, the Securities Intermediary shall comply with each Transfer Order it receives from the Pledgor (or the Collateral Manager on the Pledgor’s behalf)
without the further consent of the Secured Party or any other Person. 

  
 4 

 (iii) Upon receipt by the Securities Intermediary of a Notice of Exclusive
Control, and until such Notice of Exclusive Control is withdrawn or rescinded by the Secured Party in writing, the Securities Intermediary shall not comply with any Transfer Order it receives from the Pledgor and shall act solely upon Transfer
Orders received from the Secured Party. 
 (iv) The Secured Party hereby agrees with the Pledgor that it shall (x) not
deliver a Notice of Exclusive Control except after the occurrence and during the continuation of an Event of Default and (y) at the direction of the Administrative Agent, promptly rescind any Notice of Exclusive Control if the Event of Default
under the Loan Agreement has been waived or cured in accordance with the terms of the Loan Agreement. 
 (v) Notwithstanding
anything herein or any other Transaction Document to the contrary, the Collateral Manager shall have no authority to hold (directly or indirectly), or otherwise take possession of, any funds or securities in any Secured Account. Without limiting the
foregoing, the Collateral Manager shall have no authority to (i) sign checks on the Pledgor’s behalf, (ii) deduct fees from any Secured Account, (iii) withdraw funds or securities from any Secured Account, or (iv) give the
Securities Intermediary any “entitlement orders” or any other instruction relating to the Secured Account for any purpose other than pursuant to transactions authorized by the Loan Agreement or the other Transaction Documents. Nothing in
this Section 3(h)(v) shall prohibit the Collateral Manager from issuing instructions to the Secured Party or the Securities Intermediary to effect or to settle any bills of sale, assignments, agreements, investments instructions and other
instruments in connection with any acquisition, sale or other disposition of any Collateral of the Pledgor as permitted by the Loan Agreement or the other Transaction Documents. The Collateral Manager agrees that any requests regarding the
disbursement of any funds in the Secured Accounts must be made in accordance with the Loan Agreement. All disbursements requested by the Collateral Manager may be paid only in accordance with the procedures set forth in the Loan Agreement and
expressly set forth herein. 
 ARTICLE IV 

THE SECURITIES INTERMEDIARY 

Section 4. (a) Performance of Duties. The Securities Intermediary may execute any of the powers hereunder or perform any of its
duties hereunder directly or by or through agents, attorneys or employees; provided that the Securities Intermediary shall not be responsible for any misconduct or negligence on the part of any
non-Affiliated agent or non-Affiliated attorney appointed by it with due care. The Securities Intermediary shall be entitled to consult with counsel selected with due
care and to act in reliance upon the written opinion of such counsel concerning matters pertaining to its duties hereunder, and shall not be liable for any action taken or omitted to be taken by it in good faith in reliance upon and in accordance
with the advice or opinion of such counsel. Except as expressly provided herein, the Securities Intermediary shall not be under any obligation to exercise any of the rights or powers vested in it by this Agreement at the request or direction of the
Secured Party. 

  
 5 

 (b) No Change to Secured Accounts. Without the prior written consent of the Pledgor, the
Collateral Manager and, so long as any Obligations remain unpaid, neither the Secured Party nor the Securities Intermediary will change the account number or designation of any Secured Account. 

(c) Certain Information. The Securities Intermediary shall promptly notify the Pledgor and the Secured Party if a Responsible Officer of
the Securities Intermediary with direct responsibility for administration of this Agreement has actual knowledge of or receives written notice that any Person asserts or seeks to assert a lien, encumbrance or adverse claim against any portion or all
of the property credited to any Secured Account. The Securities Intermediary will send copies of all statements, confirmations and other correspondence relating to each Secured Account (and/or any financial assets credited thereto) simultaneously to
the Pledgor, the Collateral Manager and the Secured Party. The Securities Intermediary will furnish to the Secured Party, the Collateral Manager and the Pledgor, upon written request, an account statement with respect to each Secured Account. 

(d) Subordination. In the event that the Securities Intermediary has or subsequently obtains by agreement, by operation of law or
otherwise a security interest in any of the Secured Accounts, or any financial asset credited thereto, the Securities Intermediary hereby subordinates any such security interest therein to the security interest of the Collateral Custodian for the
benefit of the other Secured Parties to the Loan Agreement in the Secured Accounts, in all property credited thereto and in all security entitlements with respect to such property. Without limitation of the foregoing, the Securities Intermediary
hereby subordinates to such security interest of the Collateral Custodian any and all statutory, regulatory, contractual or other rights now or hereafter existing in favor of the Securities Intermediary over or with respect to any Secured Account,
all property credited thereto and all security entitlements to such property (including (i) any and all contractual rights of set-off, lien or compensation, (ii) any and all statutory or regulatory rights of pledge, lien, set-off or compensation, (iii) any and all statutory, regulatory, contractual or other rights to put on hold, block transfers from or fail to honor instructions of the Pledgor with respect to any Secured
Account or (iv) any and all statutory or other rights to prohibit or otherwise limit the pledge, assignment, collateral assignment or granting of any type of security interest in any Secured Account), except the Securities Intermediary may set
off (A) the face amount of any checks that have been credited to any Secured Account but are subsequently returned unpaid because of uncollected or insufficient funds and all amounts due to it in respect of customary fees and expenses for the
routine maintenance and operation of the Secured Accounts and (B) reversals or cancellations of payment orders and other electronic fund transfers, including ACH and wire transfers. 

(e) Limitation on Liability. The Securities Intermediary shall not have any duties or obligations except those expressly set forth
herein. The Securities Intermediary shall perform its duties in accordance with the terms hereof and shall satisfy those duties expressly set forth herein so long as it acts without fraud, gross negligence, willful misconduct or bad faith. Without
limiting the generality of the foregoing, the Securities Intermediary shall not 

  
 6 

 
be subject to any fiduciary or other implied duties, and the Securities Intermediary shall not have any duty to take any discretionary action or exercise any discretionary powers. None of the
Securities Intermediary, any Affiliate of the Securities Intermediary, or any officer, agent, stockholder, partner, member, director or employee of the Securities Intermediary or any Affiliate of the Securities Intermediary shall have any liability,
whether direct or indirect and whether in contract, tort or otherwise (i) for any action taken or omitted to be taken by any of them hereunder or in connection herewith unless such act or omission constituted fraud, gross negligence, willful
misconduct or bad faith or (ii) for any action taken or omitted to be taken by the Securities Intermediary in accordance with the terms hereof at the express direction of the Secured Party. In addition, the Securities Intermediary shall have no
liability for making any investment or reinvestment of any cash balance in any Secured Account, or holding amounts uninvested in such accounts, pursuant to the terms of this Agreement except for the failure to comply with any order provided by the
Pledgor or the Secured Party, as applicable, if such failure constitutes gross negligence, willful misconduct or bad faith. The liabilities of the Securities Intermediary shall be limited to those expressly set forth in this Agreement. The
Securities Intermediary shall not be liable for any action a Responsible Officer of the Securities Intermediary takes or omits to take in good faith that it reasonably believes to be authorized or within its rights or powers hereunder, unless such
action constitutes gross negligence, willful misconduct or bad faith. The Securities Intermediary shall not be deemed to have notice or knowledge of any Event of Default unless a Responsible Officer of the Securities Intermediary has actual
knowledge thereof or unless written notice thereof is received by a Responsible Officer of the Securities Intermediary. For the avoidance of doubt, to the extent permitted by applicable law, the Securities Intermediary shall not be responsible for
complying with Section 8-505(a) of the UCC. With the exception of this Agreement (and relevant terms used herein and expressly defined in the Loan Agreement), the Securities Intermediary is not
responsible for or chargeable with knowledge of any terms or conditions contained in any agreement referred to herein, including, but not limited to, the Loan Agreement. The Securities Intermediary shall in no event be liable for the application or
misapplication of funds by any other person, or for the acts or omissions of any other person (including, without limitation, those of the Pledgor). 

(f) Reliance. The Securities Intermediary shall be entitled to conclusively rely upon, and shall not incur any liability for relying
upon, any notice, request, opinion, report, electronic communication, certificate, consent, statement, instrument, document or other writing including, but not limited to, an electronic mail communication delivered to the Securities Intermediary
under or in connection with this Agreement and in good faith believed by it to be genuine and to have been signed or sent by the proper Person. The Securities Intermediary shall not be bound to make any investigation into the facts or matter stated
in any notice, request, opinion, report, electronic communication, certificate, consent, statement, instrument, document or other writing. The Securities Intermediary may consult with legal counsel, independent accountants and other experts selected
by it with due care, and shall not be liable for any action taken or not taken by the Securities Intermediary in good faith and in accordance with the advice of any such counsel, accountants or experts. If at any time the Securities Intermediary
requests instruction with respect to any action or omission in connection with this Agreement, the Securities Intermediary shall be entitled (without incurring any liability therefor to any person) to refrain from taking such action and continue to
refrain from acting unless and until the Securities Intermediary shall have received written instruction from the party from whom instruction was requested. The Securities Intermediary shall not be liable for any error of judgment made in good faith
by an officer or officers of the Securities Intermediary, except for its own gross negligence, fraud or willful misconduct or reckless disregard of its duties or obligations hereunder. 

  
 7 

 (g) Rights. U.S. Bank National Association, in its capacity as Securities Intermediary
hereunder shall be afforded all of the rights, powers, immunities and indemnities that are afforded to the Collateral Custodian under the Loan Agreement as if such rights, powers, immunities and indemnities were specifically set forth herein. 

(h) Neither the Securities Intermediary nor the Secured Party (i) shall have any duty to investigate whether any instruction or
entitlement order issued by the Collateral Manager on behalf of the Pledgor is issued in connection with a transaction authorized by the Loan Agreement or other Transaction Document and (ii) assumes any liability for its compliance with any
instruction or entitlement order issued by the Collateral Manager on behalf of the Pledgor due to such instruction or entitlement order being made other than in connection with a transaction authorized by the Loan Agreement or other Transaction
Document. 
 (i) Whenever in the administration of the provisions of this Agreement the Securities Intermediary shall deem it necessary or
desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or
willful misconduct on the part of the Securities Intermediary or reckless disregard of its duties or obligations hereunder, be deemed to be conclusively proved and established by a certificate signed by one of the Secured Party’s officers and
delivered to the Securities Intermediary, and such certificate, in the absence of fraud, gross negligence or willful misconduct on the part of the Securities Intermediary or reckless disregard of its duties or obligations hereunder, shall be full
warrant to the Securities Intermediary for any action taken, suffered or omitted by it under the provisions of this Agreement upon the faith thereof. 

(j) Court Orders, etc. If at any time the Securities Intermediary is served with any judicial or administrative order, judgment, decree,
writ or other form of judicial or administrative process which in any way affects any Secured Account (including, but not limited to, orders of attachment or garnishment or other forms of levies or injunctions or stays relating to the transfer of
any Secured Account or any financial asset in any Secured Account), the Securities Intermediary is authorized to take such action as legal counsel of its own choosing advises appropriate to comply therewith; and if the Securities Intermediary
complies with any such judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process, the Securities Intermediary will not be liable to any of the parties hereto or to any other person or entity even
though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined to have been without legal force or effect. 

  
 8 

 (k) Successor Securities Intermediary. 

(i) Merger. Any Person into whom the Securities Intermediary may be converted or merged, or with whom it may be
consolidated, or to whom it may sell or transfer all or substantially all of its securities intermediary business, or any Person resulting from any such conversion, sale, merger, consolidation or transfer to which the Securities Intermediary is a
party, shall (provided that it is otherwise qualified to serve as the Securities Intermediary hereunder) be and become a successor Securities Intermediary hereunder and be vested with all of the powers, immunities, privileges and other
matters as was its predecessor without the execution or filing of any instrument or any further act, deed or conveyance on the part of any of the parties hereto, anything herein to the contrary notwithstanding. Any successor to the Secured Party
under the Loan Agreement shall be the successor to the Secured Party hereunder without the execution or filing of any document or any further act on the part of any of the parties hereto. 

(ii) Resignation. The Securities Intermediary and any successor thereto may at any time resign by giving 45 days’
written notice by registered, certified or express mail to the Secured Party, the Collateral Manager and the Pledgor; provided that such resignation shall take effect only upon the effective date of the appointment of a successor Securities
Intermediary acceptable to the Secured Party, the Collateral Manager and the Pledgor, as evidenced by their written consent and the acceptance in writing by such successor Securities Intermediary of such appointment and of its obligation to perform
its duties hereunder in accordance with the provisions hereof. Subject to the preceding sentence, if, on the 45th day after written notice of resignation is delivered by a resigning party as described above, no successor party or temporary successor
Securities Intermediary has been appointed in accordance herewith, the resigning party may petition a court of competent jurisdiction in New York City for the appointment of a successor. 

(l) Compensation and Reimbursement. The Pledgor agrees: (A) to pay to the Securities Intermediary from time to time, compensation
in accordance with the Collateral Custodian Fee Letter and (B) to reimburse the Securities Intermediary upon its request for all reasonable and documented
out-of-pocket expenses, disbursements and advances incurred or made by the Securities Intermediary in accordance with any provision of, or carrying out its duties and
obligations under, this Agreement (including the reasonable compensation and fees and the expenses and disbursements of its agents, any Independent certified public accountants and Independent counsel), except any expense, disbursement or advance as
may be attributable to gross negligence, fraud, bad faith or willful misconduct on the part of the Securities Intermediary. 
 (m)
Securities Intermediary and their Affiliates. U.S. Bank Trust Company, National Association, U.S. Bank National Association and any of their affiliates providing services in connection with the transactions contemplated in the Transaction
Documents shall have only the duties and responsibilities expressly provided in their various capacities and shall not, by virtue of either party or any Affiliate thereof acting in any other capacity be deemed to have duties or responsibilities
other than as expressly provided with respect to 

  
 9 

 
each such capacity. U.S. Bank Trust Company, National Association and U.S. Bank National Association (or their Affiliates), in its various capacities in connection with the transactions
contemplated in the Transaction Documents, including as Securities Intermediary, may enter into business transactions, including the acquisition of investment securities as contemplated by the Transaction Documents, from which they and/or such
Affiliates may derive revenues and profits in addition to the fees stated in the various Transaction Documents, without any duty to account therefor. 

(n) Force Majeure. In no event shall the Securities Intermediary be responsible or liable for any failure or delay in the performance of
its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Securities Intermediary shall use reasonable efforts which are consistent
with accepted practices in the banking industry to maintain performance and, if necessary, resume performance as soon as practicable under the circumstances. 

(o) Perfection. The Securities Intermediary shall have no responsibility or liability for (i) preparing, recording, filing, re-recording or refiling any financing statement, continuation statement, document, instrument or other notice in any public office at any time or times, (ii) the correctness of any such financing statement,
continuation statement, document or instrument or other such notice, (iii) taking any action to perfect or maintain the perfection of any security interest granted to the Secured Party or otherwise or (iv) the validity or perfection of any
such lien or security interest. 
 (p) Electronic Transmissions. The Securities Intermediary shall be entitled to accept and act upon
instructions or directions pursuant to this Agreement sent by unsecured e-mail (in the form of a .pdf or other similar format file of a signed document) or other similar unsecured electronic methods;
provided that any Person providing such instructions or directions shall provide to the Securities Intermediary an incumbency certificate listing such designated Persons, which such incumbency certificate shall be amended and replaced
whenever a Person is to be added or deleted from the listing. If the Pledgor elects to give the Securities Intermediary e-mail instructions (or instructions by a similar electronic method), the Securities
Intermediary’s understanding of such instructions shall be deemed controlling. The Securities Intermediary shall not be liable for any losses, costs or expenses arising directly or indirectly from the Securities Intermediary’s reliance
upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction; it being understood that once the Securities Intermediary has an opportunity to act in accordance with
such subsequent written instructions, it shall act in accordance therewith to the extent reasonably possible. The Pledgor agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the
Securities Intermediary, including without limitation the risk of the Securities Intermediary acting on unauthorized instructions, and the risk of interception and misuse by third parties and acknowledges and agrees that there may be more secure
methods of transmitting such instructions than the method(s) selected by it and agrees that the security procedures (if any) to be followed in connection with its transmission of such instructions provide to it a commercially reasonable degree of
protection in light of its particular needs and circumstances. 

  
 10 

 ARTICLE V 

INDEMNITY; LIMITATION ON DAMAGES; EXPENSES; FEES 

Section 5. (a) Indemnity. 

(i) Subject to Section 5(a)(ii), the Pledgor hereby agrees to indemnify and hold harmless the
Securities Intermediary, its Affiliates and their respective officers, directors, employees, representatives and agents (collectively referred to for the purposes of this Section 5(a) as the “Securities Intermediary
Parties”), against any loss, claim, damage, expense or liability (including the costs and expenses of defending against any claim of liability), or any action in respect thereof, to which any Securities Intermediary Party may become
subject, whether commenced or threatened, insofar as such loss, claim (whether brought by or involving the Pledgor or any third party), damage, expense, liability or action arises out of or is based upon the execution, delivery, enforcement or
performance of this Agreement, but excluding any such loss, claim, damage, expense, liability or action arising out of the bad faith, gross negligence or willful misconduct of such Securities Intermediary Party, and shall reimburse such Securities
Intermediary Party promptly upon demand for any reasonable and documented out-of-pocket legal or other expenses reasonably incurred by such Securities Intermediary Party
in connection with investigating or preparing to defend or defending against or appearing as a third party witness in connection with any such loss, claim, damage, expense, liability or action as such expenses are incurred. No provision of this
Agreement shall require any Securities Intermediary Party to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall
have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The obligations of the Pledgor under this clause (a) are referred to as the
“Securities Intermediary Indemnity”. The provisions of this section will survive the termination of this Agreement and the resignation or removal of the Securities Intermediary. 

(ii) The obligation of the Pledgor to pay any amounts in respect of the Securities Intermediary Indemnity shall be paid or
caused to be paid by the Pledgor to the Securities Intermediary on the Payment Date following the Securities Intermediary’s demand therefor in accordance with Section 2.7 or 2.8, as applicable, of the Loan Agreement and shall survive the
termination of this Agreement and the resignation or removal of the Securities Intermediary. 
 (b) Expenses and Fees. The Pledgor
shall be responsible for, and hereby agrees to pay, all reasonable and documented out-of-pocket costs and expenses incurred by the Securities Intermediary in connection
with the establishment and maintenance of each Secured Account, including the Securities Intermediary’s customary fees and expenses, any reasonable and documented
out-of-pocket costs or expenses incurred by the Securities 

  
 11 

 
Intermediary as a result of conflicting claims or notices involving the parties hereto, including the reasonable and documented fees and expenses of its external legal counsel, and all other
reasonable out-of-pocket costs and expenses incurred in connection with the execution, administration or enforcement of this Agreement including reasonable
attorneys’ fees and costs, whether or not such enforcement includes the filing of a lawsuit. 
 (c) No Consequential Damages.
Notwithstanding anything in this Agreement to the contrary, in no event shall the Securities Intermediary be liable for special, punitive, incidental, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost
profits or diminution in value), even if the Securities Intermediary has been advised of such loss or damage and regardless of the form of action. 

ARTICLE VI 

REPRESENTATIONS AND AGREEMENTS 

Section 6. The Securities Intermediary represents to and agrees with the Pledgor and the Secured Party that: 

(a) Status. It is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if
relevant under such laws, in good standing. 
 (b) Powers. It has the power to execute this Agreement and any other documentation
relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement; it has taken
all necessary action to authorize such execution, delivery and performance; and this Agreement has been, and each other such document will be, duly executed and delivered by it. 

(c) Obligations Binding. Its obligations under this Agreement constitute its legal, valid and binding obligations, enforceable in
accordance with their respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general
application (regardless of whether enforcement is sought in a proceeding in equity or at law)). 
 (d) Waiver of Setoffs. The
Securities Intermediary hereby expressly waives any and all rights of setoff that such party may otherwise at any time have under Applicable Law with respect to any Secured Account. 

(e) Ordinary Course. The Securities Intermediary, in the ordinary course of its business, maintains securities accounts for others and
is acting in such capacity in respect of any Secured Account. 

  
 12 

 (f) Comply with Duties. The Securities Intermediary will comply at all times with the
duties of a “securities intermediary” under Article 8 of the UCC. 
 (g) Participant of the Federal Reserve System. The
Securities Intermediary is a member of the Federal Reserve System. 
 (h) Consents. All governmental and other consents that are
required to have been obtained by the Securities Intermediary with respect to the execution, delivery and performance by the Securities Intermediary of this Agreement have been obtained and are in full force and effect and all conditions of any such
consents have been complied with. 
 (i) Qualified Custodian. The Securities Intermediary acknowledges that, for the purposes of any
Account described herein, it shall be deemed the “qualified custodian” as defined in Rule 206-4(2) under the Investment Advisers Act of 1940, as amended. For the avoidance of doubt and
notwithstanding anything herein to the contrary, the Pledgor agrees that the Securities Intermediary shall not have nor shall be implied to have any duties with respect to furnishing reports or other information except as expressly set forth in the
Transaction Documents. 
 ARTICLE VII 

ADVERSE CLAIMS 

Section 7. Except for the claims and interest set forth in this Agreement, no Responsible Officer of the Securities Intermediary has
received written notice of any claim to, or interest in, any Secured Account or in any “financial asset” (as defined in Section 8-102(a) of the UCC) credited thereto. If a Responsible Officer of
the Securities Intermediary with direct responsibility for administration of this Agreement has actual knowledge of or receives written notice that any Person asserts or seeks to assert a lien, encumbrance or adverse claim (including any writ,
garnishment, judgment, warrant of attachment, execution or similar process) against any Secured Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Pledgor thereof (and the Pledgor shall promptly
notify the Secured Party thereof). 
 ARTICLE VIII 

TRANSFER 
 Section 8.
Neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by any party without the prior written consent of each other party, except as specified in
Section 10(d). Any purported transfer that is not in compliance with this Section 8 will be void. 

  
 13 

 ARTICLE IX 

TERMINATION 

Section 9. The rights and powers granted herein to the Secured Party have been granted in order to perfect its security interest for the
benefit of the other Secured Parties to the Loan Agreement in each Secured Account and the financial assets credited thereto, are powers coupled with an interest and will be affected neither by the bankruptcy of the Pledgor nor by the lapse of time.
The obligations of the Securities Intermediary hereunder shall continue in effect until the earlier of (a) that date upon which such security interest of the Secured Party in each Secured Account has been terminated and (b) that date upon
which the Secured Party releases or terminates its security interest in each Secured Account. The Securities Intermediary shall thereafter take such steps as the Pledgor may reasonably request to vest ownership and control of the Secured Accounts in
the Pledgor. 
 ARTICLE X 

MISCELLANEOUS 

Section 10. (a) Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to
its subject matter and supersedes all oral communication and prior writings with respect thereto. 
 (b) Amendments. No amendment,
modification or waiver in respect of this Agreement will be effective unless in writing (including a writing evidenced by other methods of electronic transmission), executed by each of the parties hereto with the prior written consent of the
Administrative Agent and the Collateral Manager. 
 (c) Survival. All representations and warranties made in this Agreement or in any
certificate or other document delivered pursuant to or in connection with this Agreement shall survive the execution and delivery of this Agreement or such certificate or other document (as the case may be) or any deemed repetition of any such
representation or warranty. In addition, the rights of the Securities Intermediary under Sections 4 and 5, and the obligations of the Pledgor under Section 5, shall survive the termination of this Agreement
and the resignation or removal of the Securities Intermediary. 
 (d) Benefit of Agreement. Subject to
Section 8, this Agreement shall be binding upon and inure to the benefit of the Pledgor, the Secured Party and the Securities Intermediary and their respective successors and permitted assigns. The Securities Intermediary
acknowledges and consents to the assignment of this Agreement by the Pledgor to the Collateral Custodian for the benefit of the Secured Parties under the Loan Agreement. 

(e) Counterparts. This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in
counterparts (including by e-mail correspondence), each of which will be deemed an original. Signature pages to this Agreement may be delivered by electronic transmission or by
e-mail with a pdf copy or other replicating image attached, and any printed or copied version of any signature page so 

  
 14 

 
delivered will have the same force and effect as an originally signed signature page. Counterparts may be executed and delivered via electronic mail or other transmission method and may be
executed by electronic signature (including, without limitation, any PDF file, .jpeg file, or any other electronic or image file, or any “electronic signature” as defined under U.S. Electronic Signatures in Global and National Commerce Act
or the New York Electronic Signatures and Records Act, which includes any electronic signature provided using Orbit, Adobe Fill & Sign, Adobe Sign, DocuSign) and any counterpart so delivered shall be valid, effective and legally binding as
if such electronic signatures were handwritten signatures and shall be deemed to have been duly and validly delivered for all purposes hereunder. In case any provision in or obligation under this Agreement is determined to be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, will not be affected or impaired in any way. This Agreement, the
other Transaction Documents and any agreements or letters (including fee letters) executed in connection herewith contain the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and
constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all prior oral or written understandings. 

(f) No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be
presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or
privilege. 
 (g) Headings. The headings used in this Agreement are for convenience of reference only and are not to affect the
construction of or to be taken into consideration in interpreting this Agreement. 
 (h) Severability. If any provision of this
Agreement, or the application thereof to any party or any circumstance, is held to be unenforceable, invalid or illegal (in whole or in part) for any reason (in any jurisdiction), the remaining terms of this Agreement, modified by the deletion of
the unenforceable, invalid or illegal portion (in any relevant jurisdiction), will continue in full force and effect, and such unenforceability, invalidity, or illegality will not otherwise affect the enforceability, validity or legality of the
remaining terms of this Agreement so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the deletion of such portion of this Agreement will
not substantially impair the respective expectations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. 

(i) No Agency. Notwithstanding anything that may be construed to the contrary, it is understood and agreed that the Securities
Intermediary is not, nor shall it be considered to be, an agent, of the Secured Party. In addition, the Securities Intermediary shall not act or represent itself, directly or by implication, as an agent of the Secured Party or in any manner assume
or create any obligation whatsoever on behalf of, or in the name of, the Secured Party. 

  
 15 

 (j) Payments by Pledgor. Except as otherwise provided in the Collateral Custodian Fee
Letter, any amounts required to be paid pursuant to this Agreement by the Pledgor shall be paid or caused to be paid by the Pledgor to the applicable Person on the Payment Date following such Person’s demand therefor in accordance with
Section 2.7 or 2.8, as applicable, of the Loan Agreement; provided that such demand is made no later than two Business Days prior to the applicable Payment Date. The Securities Intermediary acknowledges that all such amounts, including
any amounts payable pursuant to Sections 4(i) and 5(a) and (b) herein, shall be payable solely from available funds in accordance with Section 2.7 or Section 2.8 of the Loan Agreement. In the event that the
Pledgor fails to pay any amount on the date when due under this Agreement solely by reason of the limitation on the payment of such amounts set forth in the Loan Agreement or because sufficient funds are not then available to pay such amounts in
accordance with Section 2.7 or Section 2.8 of the Loan Agreement, the Pledgor shall not be deemed to have failed to pay such amount (and a default shall not be deemed to have occurred hereunder as the result thereof) and the Securities
Intermediary will continue to serve in such capacity hereunder. 
 (k) Taxes. For all U.S. federal income tax reporting purposes, all
income earned on the funds invested and allocable to the Secured Accounts is legally owned by the Pledgor (and beneficially owned by such Pledgor or owners of such entity as documented in the IRS forms and other documentation described below). The
Pledgor has provided to U.S. Bank National Association, in its capacity as Securities Intermediary, an IRS Form W-9 (of the Pledgor or its sole regarded owner) no later than the date hereof, and will provide
any additional IRS forms (or updated versions of any previously submitted IRS forms) or other documentation at such time or times required by applicable Law or upon the reasonable request of the Securities Intermediary as may be necessary
(i) to reduce or eliminate the imposition of U.S. withholding taxes and (ii) to permit the Securities Intermediary to fulfill its tax reporting obligations under applicable Law with respect to the Secured Accounts or any amounts paid to
the Pledgor. The Pledgor is further required to report to the Securities Intermediary comparable information upon any change in the legal or beneficial ownership of the income allocable to the Secured Accounts. 

ARTICLE XI 

NOTICES 
 Section 11.
(a) Effectiveness. Any notice or other communication in respect of this Agreement may be given in any manner set forth in Section 12.1(c) of the Loan Agreement. 

(b) Change of Addresses. Any party hereto may by written notice to each other party hereto, change the address at which notices or
other communications are to be given to it hereunder. 

  
 16 

 ARTICLE XII 

GOVERNING LAW AND JURISDICTION 

Section 12. (a) Governing Law. This Agreement, each Secured Account and any matter arising among the parties under or in
connection with this Agreement or any Secured Account, will be governed by and construed in accordance with the laws of the State of New York. Each of the parties hereto hereby agrees (i) that the law of the state of New York is applicable to
all issues specified in Article 2(1) of the Hague “Convention on the Law Applicable to Certain Rights in Respect of Securities held with an Intermediary (Concluded 5 July 2006)”, (ii) that each of the Account Documents is hereby
amended to include clause (i), and (iii) not to modify the law applicable to such issues hereunder, or (so long as this Agreement is in effect) under such Account Documents, without the prior written consent of each party hereto. 

(b) Jurisdiction. With respect to any suit, action or proceeding relating to this Agreement or any matter among the parties arising
under or in connection with this Agreement (“Proceedings”), each party irrevocably: (i) submits to the non-exclusive jurisdiction of the courts of the State of New York and the United
States District Court located in the Borough of Manhattan in New York City and (ii) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings
have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party. Nothing in this Agreement precludes any party from bringing
Proceedings in any other jurisdiction, nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction. 

(c) Service of Process. The Pledgor irrevocably consents to service of process given in the manner provided for notices in
Section 11. Nothing in this Agreement will affect the right of any party to serve process in any other manner permitted by law. 

(d) Waiver of Jury Trial Right. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT THAT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING. Each party hereby (i) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that any other party would not, in the
event of a Proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it has been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this subsection (d). 

ARTICLE XIII 

DEFINITIONS 

Section 13. As used in this Agreement: 

“Agreement” has the meaning set forth in the introductory paragraph hereto. 

  
 17 

 “Collateral Account” has the meaning set forth in
Section 3(a). 
 “Collateral Custodian” has the meaning set forth in the introductory paragraph
hereto. 
 “Collection Account” has the meaning set forth in Section 3(a). 

“Consent” includes a consent, approval, action, authorization, exemption, notice, filing, registration or exchange control
consent. 
 “Law” includes any treaty, law, rule or regulation (as modified, in the case of tax matters, by the practice of
any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly. 

“Loan Agreement” has the meaning set forth in Section 1(a). 

“Notice of Exclusive Control” means a notice delivered to and received by the Securities Intermediary by the Secured Party in
accordance with Section 11(a) stating that the Secured Party is exercising exclusive control over the Secured Accounts. 

“Person” means any natural person or legal entity, including without limitation any corporation, partnership, limited
liability company, statutory or common law trust, or governmental entity or unit. 
 “Pledgor” has the meaning set forth in
the introductory paragraph hereto. 
 “Proceedings” has the meaning set forth in Section 12(b).

 “Responsible Officer” means any officer within the corporate trust office of the Securities Intermediary having direct
responsibility for the administration of this Agreement or to whom any matter is referred because of his or her knowledge of and familiarity with the particular subject who is authorized to act for the Securities Intermediary in matters relating to,
and binding upon, the Securities Intermediary. 
 “Secured Accounts” has the meaning set forth in
Section 3(a). 
 “Secured Party” has the meaning set forth in the introductory paragraph hereto.

 “Securities Intermediary” has the meaning set forth in the introductory paragraph hereto. 

“Securities Intermediary Indemnity” has the meaning set forth in Section 5(a)(i). 

“Securities Intermediary Parties” has the meaning set forth in Section 5(a). 

“Transfer Order” has the meaning set forth in Section 3(h)(i). 

  
 18 

 “UCC” means the Uniform Commercial Code as in effect in the State of New York.

 “Unfunded Exposure Account” has the meaning set forth in Section 3(a). 

ARTICLE XIV 

LIMITED RECOURSE; NO BANKRUPTCY PETITION 

Section 14. Notwithstanding any other provision hereof, the obligations of the Pledgor arising from time to time and at any time under
this Agreement are limited in recourse to the Collateral. To the extent the Collateral is not sufficient to meet the obligations of the Pledgor in full, after the application of the Collateral in accordance with the provisions of the Loan Agreement,
the Pledgor shall have no further obligations hereunder and all obligations of and remaining claims against the Pledgor shall be extinguished and shall not thereafter revive. The obligations of the Pledgor are solely corporate obligations of the
Pledgor and no action shall be taken against the directors, officers, employees, shareholders or incorporator of the Pledgor in connection with such obligations. The parties hereto agree that they shall not institute against, or join any other
Person in instituting against the Pledgor, any bankruptcy, reorganization, arrangement, insolvency, winding-up, moratorium or liquidation proceedings or other proceedings under U.S. federal or state bankruptcy
laws or any similar laws until at least the later to occur of one year (or, if longer, the applicable preference period then in effect) and one day after (i) the payment in full of all Obligations due and payable and (ii) if an Approved
Securitization has taken place, payment in full of any notes issued pursuant to such Approved Securitization. This Section 14 shall survive the expiration or termination of this Agreement. 

[Remainder of Page Intentionally Left Blank] 

  
 19 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the date first set forth
above with effect from such date. 
  

			
	Pledgor:
	
	ORCIC JV WH II LLC,
	as Pledgor
		
	By:	 	          

		 	Name:
		 	Title:

  
 Securities Account
Control Agreement 

 
			
	Secured Party:
	
	U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,
	as Secured Party
		
	By:	 	          

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

		 	Name:
		 	Title

  
 Securities Account
Control AgreementEX-10.3

 Exhibit 10.3 

EXECUTION VERSION 

COLLATERAL ADMINISTRATION AGREEMENT 

This COLLATERAL ADMINISTRATION AGREEMENT, dated as of October 14, 2022 (this “Agreement”), is entered into by and
among ORCIC JV WH II LLC, a limited liability company organized under the laws of the State of Delaware, in its capacity as borrower under the Loan Agreement referred to below (the “Borrower”) and together with the Borrower
and each CLO Subsidiary from time to time party to the Loan Agreement, the “Borrower Parties”), ORCIC BC 9 LLC, a limited liability company organized under the laws of the State of Delaware, in its capacity as collateral
manager under the Loan Agreement referred to below (the “Collateral Manager”), and U.S. Bank Trust Company, National Association (“U.S. Bank”), a national banking association, in its capacity as
collateral administrator (in such capacity, the “Collateral Administrator”). 
 W I T N E S S E T H: 

WHEREAS, the Borrower, the Collateral Manager, Royal Bank of Canada, as administrative agent (the “Administrative
Agent”), U.S. Bank, as collateral custodian (in such capacity, the “Collateral Custodian”), each CLO Subsidiary from time to time party thereto (the “CLO Subsidiaries”) and the Lenders
from time to time party thereto (the “Lenders”) have entered into that certain Revolving Loan Agreement dated as of the date hereof (as may be amended, modified and/or supplemented from time to time, the “Loan
Agreement”), pursuant to which the Lenders have agreed to make loans to the Borrower; 
 WHEREAS, pursuant to the terms of the
Loan Agreement, the Borrower Parties pledged certain Collateral as security for the Obligations; 
 WHEREAS, the Borrower Parties wish to
engage the Collateral Administrator to perform on its behalf certain administrative duties with respect to the Collateral pursuant to the Loan Agreement; and 

WHEREAS, the Collateral Administrator, on behalf of the Borrower Parties, is prepared to perform certain specified obligations of the Borrower
Parties or the Collateral Manager (on the Borrower Parties’ behalf) under the Loan Agreement and certain other services as specified herein. 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration the receipt of which is
hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. 

Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in the Loan Agreement. 

2. Powers and Duties of the Collateral Administrator and the Collateral Manager. 

  
 1 

 (a) The Borrower Parties hereby appoint as their agent U.S. Bank in the capacity of Collateral
Administrator and U.S. Bank hereby accepts its appointment as the Borrower Parties’ agent and shall act in the capacity of Collateral Administrator for the Borrower Parties until the earlier of U.S. Bank’s resignation or removal pursuant
to Section 7 hereof or termination of this Agreement pursuant to Section 7 hereof. The Collateral Administrator shall assist the Borrower Parties and the Collateral Manager by maintaining a
database on certain characteristics of the Collateral on an ongoing basis and providing to the Borrower Parties and the Collateral Manager (and, where applicable, the Borrower’s Independent certified public accountants) certain reports,
schedules, calculations and other data which the Borrower Parties are required to prepare and deliver under the Loan Agreement, and provide the Borrower Parties and the Collateral Manager reasonable cooperation in respect thereof. The Collateral
Administrator’s duties and authority to act as Collateral Administrator hereunder are limited to the duties and authority specifically provided for in this Agreement. The Collateral Administrator shall not be deemed to assume the obligations of
the Borrower Parties or the Collateral Manager under the Loan Agreement or other Transaction Documents. 
 (b) The Collateral Administrator
shall perform the following functions: 
 (i) Create a database with respect to the Collateral credited to the Accounts (the
“Collateral Database”) within 30 days of the Closing Date; 
 (ii) Permit access to the information
in the Collateral Database by the Collateral Manager and the Borrower Parties; 
 (iii) Update the Collateral Database
promptly for ratings changes; 
 (iv) Update the Collateral Database promptly for Collateral Obligations, Equity Securities
and Permitted Investments acquired or sold or otherwise disposed of and for any amendments or changes to the amounts or interest rates on Collateral Obligations; 

(v) Track the receipt and daily allocation of cash to the Interest Collection Account and Principal Collection Account and any
withdrawals therefrom and, on each Business Day, provide to the Collateral Manager daily reports reflecting such actions to such Accounts as of the close of business on the preceding Business Day; 

(vi) Prepare and arrange for the delivery of each (A) Monthly Report pursuant to Section 5.1(h) of the Loan
Agreement, (B) Daily Report pursuant to Section 5.1(j) of the Loan Agreement, and (C) Payment Date Statement, in each case on the basis of the information contained in the Collateral Database as of the applicable date of determination
and information provided by the Collateral Manager in accordance with the Loan Agreement; 
 (vii) Based on the information
provided by the Collateral Manager, prepare and provide to the Administrative Agent, the Collateral Custodian, the Collateral Manager, the Equity Investors and the Rating Agency on each Payment Date the Monthly Loan File; 

(viii) Assist and reasonably cooperate with the Independent certified public accountants in the preparation of those reports
required under Section 5.1(g) of the Loan Agreement by providing such accountants with information in the possession of the Collateral Administrator and contained in the Collateral Database; and 

  
 2 

 (ix) Provide the Collateral Manager with such other information as may be
reasonably requested in writing by the Collateral Manager and as is within the possession of the Collateral Administrator and that may be provided without unreasonable burden or expense. 

(c) Not later than the day on which the Borrower Parties are required to provide (i) each Monthly Report pursuant to Section 5.1(h)
of the Loan Agreement, (ii) each Daily Report pursuant to Section 5.1(j) of the Loan Agreement, (iii) each Monthly Loan File pursuant to Section 6.3(c) of the Loan Agreement or (iv) each Payment Date Statement pursuant to
Section 2.7 or Section 2.8 of the Loan Agreement, as applicable, the Collateral Administrator shall calculate, using the information contained in the Collateral Database created by the Collateral Administrator pursuant to
Section 2(b) above and any other Collateral information normally maintained by U.S. Bank, in its capacity as Collateral Custodian, and subject to the Collateral Administrator’s receipt from (x) the Collateral
Manager of the information required to be provided by Section 5.1(h)(xv) of the Loan Agreement, and (y) the Administrative Agent of the determination of the applicable Benchmark and the amounts payable in respect of the Funded Loans, each
item required to be stated in such Monthly Report, Daily Report, Monthly Loan File or Payment Date Statement in accordance with the Loan Agreement and provide such information to the Collateral Manager so that the Collateral Manager may confirm such
results. The Collateral Manager shall use reasonable efforts to supply in a timely fashion any information maintained by it that the Collateral Administrator may from time to time reasonably request with respect to the Collateral and reasonably need
to complete the reports and statements required to be prepared hereunder, provided that the foregoing shall not be construed to require the Collateral Manager to disclose information in violation of applicable laws or any obligations of
confidentiality undertaken by the Collateral Manager for itself on behalf of the Borrower. 
 (d) The Collateral Manager shall reasonably
assist and cooperate with the Collateral Administrator in connection with the preparation (including the calculations required hereunder) by the Collateral Administrator of the Monthly Reports, Daily Reports, Monthly Loan File and Payment Date
Statements. Without limiting the generality of the foregoing, the Collateral Manager shall use reasonable efforts to advise the Collateral Administrator in a timely manner of the results of any determinations, designations and selections made by it
relating to the acquisition or disposition of any Collateral Obligation, Permitted Investment or Equity Security under the Loan Agreement and supply the Collateral Administrator with such other information as is in the possession of the Collateral
Manager that the Collateral Administrator may from time to time reasonably request with respect to the Collateral Obligations, Permitted Investments and Equity Securities as is reasonably needed to complete the reports and statements required to be
prepared by the Collateral Administrator hereunder or reasonably required to permit the Collateral Administrator to perform its obligations hereunder. The Collateral Manager shall review and verify the contents of the aforesaid reports and
statements and to the extent any of the information in such reports and statement conflicts with data or calculations in the records of the Collateral Manager, the Collateral Manager shall notify the Collateral Administrator of such discrepancy and
the Collateral Manager and the Collateral Administrator shall each use reasonable efforts in reconciling such discrepancy. The Collateral Administrator shall cooperate with the Collateral Manager in connection with the Collateral Manager’s
review of the contents of the aforesaid reports and statements and shall provide such items within its possession to the Collateral Manager within a reasonably sufficient time (as agreed between the Collateral Manager and the Collateral
Administrator) prior to any applicable due date to enable such review. The Collateral Manager shall cooperate with the Collateral Administrator by using reasonable efforts to answer questions posed by the Collateral Administrator that are reasonably
related to such reports and statements to the extent the answers to such questions are within the knowledge of the Collateral Manager. Upon receipt of approval from the Collateral Manager, the Collateral Administrator shall transmit such reports and
statements to the Borrower and shall otherwise distribute such reports and statement as required under the Loan Agreement. 

  
 3 

 If, in performing its duties under this Agreement, the Collateral Administrator is required to
decide between alternative courses of action (each of which is consistent with the provisions of this Agreement), the Collateral Administrator may request written instructions (or verbal instructions, followed by written confirmation) from any of
the Borrower Parties or from the Collateral Manager acting on behalf of the Borrower Parties, upon which the Collateral Administrator shall be entitled to rely without liability on its part, as to the appropriate course of action or methodology
desired by it, and the Collateral Administrator shall be entitled to refrain from taking any action pending receipt of such instruction. If the Collateral Administrator does not receive such instructions within five Business Days after it has
requested them, the Collateral Administrator may, but shall be under no duty to, take or refrain from taking any such courses of action; provided that the Collateral Administrator, as promptly as possible, notifies the Collateral Manager and
the Borrower Parties in writing (i) which course of action, if any, it has decided to take, or (ii) its decision to refrain from taking any course of action. The Collateral Administrator shall act in accordance with instructions received
from the Collateral Manager after such five-Business Day period except to the extent it has already taken, or committed itself to take, action inconsistent with such instructions and cannot cease taking such action without incurring cost or expense
for which it will not be indemnified hereunder or cannot also take the action specified in such instructions. 
 The Collateral
Administrator shall be entitled to rely on the advice of legal counsel selected with due care and Independent accountants in performing its duties hereunder and shall not be liable for any action taken or omitted to be taken by it in accordance with
the advice or opinion of such counsel. 
 Nothing herein shall prevent the Collateral Administrator or any of its Affiliates from engaging
in other businesses or from rendering services of any kind to any Person. 
 The Collateral Administrator shall have no obligation to
determine Market Value, Moody’s Market Value or price (including, without limitation, the Discount Reference Price) in connection with any actions or duties under this Agreement, which shall be made by the Collateral Manager or the
Administrative Agent, as applicable and reported to the Collateral Administrator. 
 3. Compensation. The Borrower Parties agree to
pay, and the Collateral Administrator shall be entitled to receive, as compensation for the Collateral Administrator’s performance of the duties called for herein, the amounts set forth in the Collateral Custodian Fee Letter. The payment
obligations to the Collateral Administrator pursuant to this Section 3 shall survive the termination of this Agreement and the resignation or removal of the Collateral Administrator. All payments hereunder, including, but not limited to
indemnities, shall be paid pursuant to Section 2.7 or Section 2.8 of the Loan Agreement, as applicable (or as otherwise permitted under the Loan Agreement). 

  
 4 

 4. Limitation of Responsibility of the Collateral Administrator. 

(a) The Collateral Administrator will have no responsibility under this Agreement other than to render the services expressly called for
hereunder in good faith and without fraud, willful misconduct, gross negligence in the performance of, or reckless disregard of, its duties hereunder. The Collateral Administrator shall not be liable for failing to perform or delay in performing its
specified duties hereunder which result from or is caused by a failure or delay on the part of any of the Borrower Parties, the Collateral Manager, the Administrative Agent or another Person in furnishing necessary, timely and accurate information
to the Collateral Administrator. The duties and obligations of the Collateral Administrator and its employees or agents shall be determined solely by the express provisions of this Agreement and they shall not be under any obligation or duty except
for the performance of such duties and obligations as are specifically set forth herein, and no implied covenants shall be read into this Agreement against them. The Collateral Administrator shall incur no liability to anyone in relying or acting
upon any signature, instrument, statement, notice, resolution, request, direction, consent, order, certificate, report, opinion, bond or other document, electronic communication or paper reasonably believed by it to be genuine and reasonably
believed by it to be signed, sent or presented by the proper party or parties. The Collateral Administrator (including in its capacity as Information Agent) shall not be bound to make any investigation into the facts or matters stated in any
certificate, report, electronic communication or other document. The Collateral Administrator may exercise any of its rights or powers hereunder or perform any of its duties hereunder either directly or by or through agents or attorneys, and the
Collateral Administrator shall not be responsible for any misconduct or negligence on the part of any non-affiliated agent or attorney appointed hereunder with due care by it. Neither the Collateral
Administrator nor any of its Affiliates, directors, officers, shareholders, agents or employees will be liable to the Collateral Manager, the Borrower Parties or others, except by reason of acts or omissions by the Collateral Administrator
constituting bad faith, willful misconduct or gross negligence in the performance of, or reckless disregard of the Collateral Administrator’s duties hereunder. The Collateral Administrator shall not be liable for any action that an Authorized
Officer of the Collateral Administrator takes or omits to take in good faith that it reasonably believes to be authorized or within its rights or powers hereunder. The Collateral Administrator shall not be deemed to have notice or knowledge of any
Event of Default or occurrence of the Termination Date unless an Authorized Officer of the Collateral Administrator has actual knowledge thereof or unless written notice thereof is received by an Authorized Officer of the Collateral Administrator.
The Collateral Administrator shall not be required to risk or expend its own funds in performing its obligations hereunder. The Collateral Administrator shall have no responsibility or liability for (i) preparing, recording, filing, re-recording or refiling any financing statement, continuation statement, document, instrument or other notice in any public office at any time or times, (ii) the correctness of any such financing statement,
continuation statement, document or instrument or other such notice, (iii) taking any action to perfect or maintain the perfection of any security interest granted to any of the Secured Parties or otherwise or (iv) the validity or
perfection of any such lien or security interest. It is expressly acknowledged by the Borrower Parties and the Collateral Manager that the application and performance by the Collateral Administrator of its various duties hereunder (including
recalculations to be performed in respect of the matters contemplated hereby) shall, in part, be based upon, and in reliance upon, data and information provided to it by the Administrative Agent, the Collateral Manager, the Borrower Parties or the
underlying Obligor (or agent or trustee on such Obligor’s behalf or other Third Party Sources) with respect to the Collateral, and the Collateral Administrator shall have no responsibility for the accuracy of any such information or data
provided to it by such persons. Notwithstanding anything herein and without limiting the generality of any terms of this Section 4, the Collateral Administrator shall have no liability for any failure, inability or
unwillingness on 

  
 5 

 
the part of the Administrative Agent, the Collateral Manager, any of the Borrower Parties or any other Person to provide accurate and complete information on a timely basis to the Collateral
Administrator, or otherwise on the part of any such party to comply with the terms of this Agreement or the other Transaction Documents, and shall have no liability for any inaccuracy or error in the performance or observance on the Collateral
Administrator’s part of any of its duties hereunder that is caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof
or the other Transaction Documents. With respect to the Collateral, the Collateral Administrator shall be entitled to rely on any information and notices it may receive from time to time from the related bank agent, obligor, issuer, agent or other
similar party under an Underlying Instrument, a nationally recognized pricing service, a reputable financial information reporting source (including Bloomberg Financial Markets), a publicly available source providing information regarding interest
rates (including the Reuters Screen or any successor source and any other data reporting service or website recommended by the Loan Syndications and Trading Association or the Alternative Reference Rates Committee (or such successor organization, as
applicable)), any Relevant Governmental Body or similar party with respect to the related Collateral Obligation (collectively, “Third Party Sources”), or from the Borrower, the Portfolio Manager or the Administrative Agent,
as applicable, and shall be entitled to update its records (as it may deem necessary or appropriate), on the basis of any such information or notices received without any obligation on its part to verify, investigate or recalculate such information.

 (b) The Borrower Parties will pay, reimburse, indemnify and hold harmless the Collateral Administrator and its Affiliates, directors,
officers, shareholders, agents, members and employees with respect to all expenses, losses, damages, liabilities, demands, charges and claims of any nature (including the reasonable fees and expenses of counsel and other experts), whether brought by
or involving the Borrower or any third party, in respect of or arising from any acts or omissions performed or omitted by the Collateral Administrator, its Affiliates, directors, officers, shareholders, agents, members or employees hereunder, in the
performance or observance of its duties or obligations under this Agreement or in the enforcement of this Agreement, including their indemnification rights; provided, the same are in good faith and without willful misconduct, fraud, gross
negligence in the performance of, or reckless disregard of the Collateral Administrator’s duties hereunder. Such indemnification will be paid in accordance with Section 2.7 or Section 2.8 of the Loan Agreement, as applicable (or as
otherwise permitted under the Loan Agreement). 
 (c) Anything in this Agreement notwithstanding, in no event shall the Collateral
Administrator or the Collateral Manager be liable for special, punitive, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits or diminution in value), even if the Collateral Administrator or the
Collateral Manager, as applicable, has been advised of such loss or damage and regardless of the form of action. 
 (d) Nothing herein shall
obligate the Collateral Administrator to determine: (i) if a Collateral Obligation meets the criteria specified in the definition thereof, (ii) the type, classification or characterization of any item of Collateral, including without
limitation whether any Collateral Obligation is (A) an Additional Collateral Obligation, Asset-Backed Commercial Paper, Senior Secured Bond, First Lien Loan, Second Lien Loan, Senior Unsecured Loan or Subordinated Collateral Loan, or in any
case a Participation Interest therein or (B) a Discount Obligation (including without limitation, whether a Collateral Obligation shall cease to be a Discount Obligation in accordance with the proviso to the definition thereof), an Applicable

  
 6 

 
Obligation, Bond, Bridge Loan, Caa1 Obligation, Haircut Caa1 Obligations, Cov-Lite Loan, Credit Risk Obligation, Defaulted Obligation, Deferrable
Obligation, Deferring Obligation, Delayed Draw Loan, DIP Loan, Discount Obligation, Equity Kicker, Equity Security, Excess Concentration Obligation, First Lien Loan, First-Lien-Last-Out Loan, Fixed Rate
Obligation, Floating Rate Obligation, Guarantee Obligation, Reference Rate Floor Obligation, Loan, Margin Stock, Middle Market Loan, Moody’s Non-Senior Secured Loan, Moody’s Senior Secured Loan,
Permitted Deferrable Obligation, Revolving Loan, Second Lien Loan, Senior Unsecured Loan, Step Down Loan, Step Up Loan, Structured Finance Obligation, Subordinated Collateral Loan, Synthetic Security or Zero Coupon Loan, in each such case any such
determination being based exclusively upon notification it receives from the Collateral Manager, (iii) whether a Maturity Amendment or Specified Change has occurred with respect to any Collateral Obligation, (iv) where an Obligor is
Domiciled or other classification or characterization of an Obligor (including whether such Obligor is an Eligible Obligor), (v) the characterization of the facility type, interest rate, rate index or seniority of a Collateral Obligation,
(vi) the Market Value or Moody’s Market Value of any Collateral Obligation, (vii) the reference “floor” rate of a Collateral Obligation or Equity Security, or (viii) any Breakage Costs, in each such case any such
determination being based exclusively upon notification it receives from the Collateral Manager. Further, nothing herein shall impose or imply any duty or obligation on the part of the Collateral Administrator to verify, investigate or audit any
such information or data, or to determine or monitor on an independent basis whether any Obligor is in default or in compliance with the Underlying Instruments governing or securing such Collateral Obligation, from time to time, the role of the
Collateral Administrator hereunder being solely to perform only those functions as provided herein. For purposes of monitoring rating changes by each Rating Agency, the Collateral Administrator shall be entitled to use and rely (in good faith)
exclusively upon publicly available information or any reputable electronic financial information reporting service (including the Bloomberg wire service) relating to ratings published by the Rating Agencies, and shall have no liability for any
inaccuracies in such publicly available information (or such other financial information reporting service). This Section 4 shall survive the termination or assignment of this Agreement and the resignation or removal of the
Collateral Administrator. 
 (e) Nothing herein shall in any way constitute a waiver or limitation of any rights which the Borrower Parties
may have under any U.S. federal or state securities laws. 
 (f) The Collateral Administrator acknowledges that all amounts payable by the
Borrower Parties hereunder, including any amounts payable pursuant to Sections 3 and 4(b), shall be payable solely from available funds in accordance with Section 2.7 or 2.8 of the Loan Agreement (or as otherwise permitted under
the Loan Agreement). In the event that the Borrower Parties fail to pay any amount on the date when due under this Agreement solely by reason of the limitation on the payment of such amounts set forth in the Loan Agreement or because sufficient
funds are not then available to pay such amounts in accordance with Section 2.7 or 2.8 of the Loan Agreement, the Borrower Parties shall not be deemed to have failed to pay such amount (and a default shall not be deemed to have occurred
hereunder as the result thereof) and, the Collateral Administrator will continue to serve in such capacity hereunder. 
 (g) The Collateral
Administrator shall not be bound to follow any amendment, modification, supplement or waiver to the Loan Agreement or other Transaction Document until it has received written notice of such amendment, modification, supplement or waiver and a copy
thereof from the Borrower Parties or the Collateral Custodian; provided, however, that the Collateral Administrator shall not be bound by any amendment, modification, supplement or 

  
 7 

 
waiver to the Loan Agreement or other Transaction Document that adversely affects the obligations or rights of the Collateral Administrator (including, without limitation, any amendment or
supplement that would (i) increase the duties or liabilities of, or adversely change the economic consequences to, the Collateral Administrator or (ii) expand or restrict the Collateral Administrator’s discretion) unless the
Collateral Administrator shall have consented thereto in writing. 
 (h) The Borrower agrees that it shall not permit any amendment,
modification, supplement or waiver to the Loan Agreement or other Transaction Document that adversely affects the Collateral Administrator to become effective unless the Collateral Administrator has been given prior written notice of such amendment,
modification, supplement or waiver and has consented thereto. 
 (i) The Collateral Administrator shall not be under any obligation
(i) to monitor, determine or verify the unavailability or cessation of Term SOFR (or any Successor Rate or other applicable Benchmark), or whether or when there has occurred, or to give notice to any other transaction party of the occurrence
of, any Benchmark Availability Event or any material disruption or other event relating to Term SOFR or any other Benchmark, (ii) any material disruption or other event relating to Term SOFR or any other Benchmark, (ii) to select,
determine or designate any Successor Rate, or other successor or replacement benchmark index, or whether any conditions to the designation of such a rate have been satisfied, or (iii) to select, determine or designate any Successor Spread
Adjustment or any other spread adjustment or other modifier to any replacement or successor index, or (iv) to determine whether or what Benchmark Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing.
The Collateral Administrator shall not be liable for any inability, failure or delay on its part to perform any of its duties set forth in this Agreement or the other Transaction Documents as a result of the unavailability of Term SOFR (or other
applicable Benchmark or the Successor Rate) and absence of a designated replacement Benchmark or the Successor Rate, including as a result of any inability, delay, error or inaccuracy on the part of any other transaction party, including without
limitation the Administrative Agent, in providing any direction, instruction, notice or information required or contemplated by the terms of this Agreement and reasonably required for the performance of such duties. 

5. No Joint Venture. Nothing contained in this Agreement (a) shall constitute the Collateral Administrator, the Borrower Parties
and the Collateral Manager as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (b) shall be construed to impose any liability as such on any of them or (c) shall be deemed
to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of any other. 
 6.
Term. This Agreement shall continue in effect so long as the Loan Agreement remains in effect with respect to the Obligations, unless this Agreement has been previously terminated in accordance with Section 7 hereof;
provided that the Collateral Administrator and the Collateral Manager shall be released from their respective obligations hereunder upon such party’s ceasing to act as Collateral Administrator or Collateral Manager, as applicable. 

  
 8 

 7. Termination. 

(a) This Agreement may be terminated without cause by the Collateral Administrator upon not less than 90 days’ prior written notice to
each other party hereto, the Equity Investors and the Administrative Agent. 
 (b) If at any time prior to payment in full of the Outstanding
Funded Loans, U.S. Bank shall resign or be removed as Collateral Custodian under Section 7.8 of the Loan Agreement, such resignation or removal shall be deemed a resignation or removal of the Collateral Administrator hereunder. 

(c) At the option of the Collateral Manager or the Borrower Parties (in each case, with the prior written consent of the Administrative Agent
prior to the payment in full of the Obligations), this Agreement shall be terminated upon ten days’ written notice of termination from the Collateral Manager or the Borrower Parties to the Collateral Administrator, the Equity Investors and the
Borrower Parties or the Collateral Manager, as applicable, if any of the following events shall occur: 
 (i) The Collateral
Administrator shall default in the performance of any of its material duties under this Agreement and shall not cure such default within thirty days of receipt of written notice thereof (or, if such default cannot be cured in such time, shall not
give within thirty days such assurance of the cure of such default as shall be reasonably satisfactory to the Collateral Manager and the Borrower Parties); 

(ii) The Collateral Administrator is dissolved (other than pursuant to a consolidation, amalgamation or merger) or has a
resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); 

(iii) A court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Collateral
Administrator in any involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appoint a receiver, conservator, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of
the Collateral Administrator or for any substantial part of its property, or order the winding-up or liquidation of its affairs; or 

(iv) The Collateral Administrator shall commence a voluntary case under applicable bankruptcy, insolvency or other similar law
now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, conservator, liquidator, assignee, trustee,
custodian, sequestrator (or similar official) of the Collateral Administrator or for any substantial part of its property, or shall make any general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become
due. 
 If any of the events specified in clauses (i), (ii), (iii) or (iv) of this
Section 7(c) shall occur, the Collateral Administrator shall give prompt written notice thereof to the Collateral Manager, the Administrative Agent and the Borrower Parties of the happening of such event. 

  
 9 

 (d) Except when the Collateral Administrator shall be removed pursuant to
Section 7(c) or shall resign pursuant to Section 7(e), no removal or resignation of the Collateral Administrator shall be effective until the date as of which a successor collateral administrator
reasonably acceptable to the Administrative Agent, the Collateral Manager, a Majority of the Equity Investors and the Borrower Parties shall have agreed in writing to assume all of the Collateral Administrator’s duties and obligations pursuant
to this Agreement. 
 (e) Notwithstanding the foregoing, the Collateral Administrator may resign its duties hereunder without any requirement
that a successor collateral administrator be obligated hereunder and without any liability for further performance of any duties hereunder upon at least 60 days’ prior written notice to the Collateral Manager, the Equity Investors and the
Borrower Parties of termination upon the occurrence of either of the following events and the failure to cure such event within such 60 day notice period: (i) subject to Section 4(f) hereof, failure of the Borrower
Parties to pay any of the amounts specified in Section 3 hereof within 60 days after such amount is due pursuant to Section 4 hereof or (ii) failure of the Collateral Manager or the Borrower
Parties to provide any indemnity payment or expense reimbursement payable to the Collateral Administrator hereunder by such Person within 60 days of the receipt by the Collateral Manager, the Equity Investors or the Borrower Parties of a written
request for such payment or reimbursement. 
 8. Representations and Warranties. 

(a) The Borrower hereby represents and warrants to the Collateral Administrator and the Collateral Manager as follows: 

(i) The Borrower has been duly incorporated and is validly existing and in good standing under the laws of the State of
Delaware, has the full power and authority to execute, deliver and perform this Agreement and all obligations required hereunder and has taken all necessary action to authorize this Agreement on the terms and conditions hereof, the execution,
delivery and performance of this Agreement and the performance of all obligations imposed upon it hereunder. No consent of any other person including, without limitation, shareholders and creditors of the Borrower, and no license, permit, approval
or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any governmental authority is required by the Borrower in connection with this Agreement or the execution, delivery, performance, validity or
enforceability of this Agreement and the obligations imposed upon it hereunder. This Agreement constitutes the legally valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms subject, as to
enforcement, (A) to the effect of bankruptcy, insolvency or similar laws affecting generally the enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy, receivership, insolvency or similar event applicable
to the Borrower and (B) to general equitable principles (whether enforceability of such principles is considered in a proceeding at law or in equity). 

(ii) The execution, delivery and performance of this Agreement will not violate in any material respect any provision of any
existing law or regulation binding on the Borrower, or any order, judgment, award or decree of any court, arbitrator or governmental authority binding on the Borrower, or the governing instruments of, or any securities issued by, the Borrower or of
any mortgage, indenture, lease, contract or other agreement, instrument or undertaking to which the Borrower is a party or by which the 

  
 10 

 
Borrower or any of its assets may be bound, the violation of which would have a material adverse effect on the business, operations, assets or financial condition of the Borrower, and will not
result in or require the creation or imposition of any lien on any of its property, assets or revenues pursuant to the provisions of any such mortgage, indenture, lease, contract or other agreement, instrument or undertaking. 

(b) The Collateral Manager hereby represents and warrants to the Collateral Administrator and the Borrower as follows: 

(i) The Collateral Manager has been duly organized and is validly existing and in good standing under the laws of the State of
Delaware and has the full power and authority to execute, deliver and perform this Agreement and all obligations required hereunder and has taken all necessary action to authorize this Agreement on the terms and conditions hereof, the execution,
delivery and performance of this Agreement and the performance of all obligations imposed upon it hereunder. All material governmental and other consents that are required to have been obtained by the Collateral Manager with respect to its
execution, delivery and performance of this Agreement have been obtained and are in full force and effect, and the Collateral Manager has complied in all material respects with all conditions of any such consents. This Agreement constitutes the
legally valid and binding obligation of the Collateral Manager enforceable against the Collateral Manager in accordance with its terms subject, as to enforcement, (A) to the effect of bankruptcy, insolvency or similar laws affecting generally
the enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy, receivership, insolvency or similar event applicable to the Collateral Manager and (B) to general equitable principles (whether enforceability of
such principles is considered in a proceeding at law or in equity). 
 (ii) The execution, delivery and performance of this
Agreement by the Collateral Manager will not violate or conflict with any Applicable Law, contractual restrictions binding on or affecting it or any of its assets or any provision or its Governing Documents, in each case, except to the extent that
such violation or conflict would not have a Material Adverse Effect. 
 (c) The Collateral Administrator hereby represents and warrants to
the Collateral Manager and the Borrower as follows: 
 (i) The Collateral Administrator is a national banking association
duly organized and validly existing under the laws of the United States of America and has the full corporate power and authority to execute, deliver and perform this Agreement and all its obligations required hereunder and has taken all necessary
action to authorize this Agreement on the terms and conditions hereof, the execution, delivery and performance of this Agreement and all its obligations required hereunder. No consent, approval, authorization or other action by or filing with any
United States federal agency or other governmental body under any United States federal regulation or law, having jurisdiction over the banking powers of U.S. Bank, is required by the Collateral Administrator in connection with this Agreement or the
execution, delivery, performance, validity or enforceability of this Agreement and the obligations imposed upon it hereunder. This Agreement constitutes the legally valid and binding obligation of the Collateral Administrator enforceable against the
Collateral Administrator in accordance with its terms subject, as to enforcement, (A) to the effect of bankruptcy, insolvency, reorganization, 

  
 11 

 
moratorium, liquidation or other similar laws affecting generally the enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy, receivership, insolvency
reorganization, moratorium, liquidation or similar event applicable to the Collateral Administrator and (B) to general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing
(whether enforceability of such principles is considered in a proceeding at law or in equity). 
 (ii) The execution,
delivery and performance by the Collateral Administrator of this Agreement and the documents and instruments required hereunder will not violate in any material respect any provision of any existing law or regulation binding on the Collateral
Administrator, or any order, judgment, award or decree of any court, arbitrator or governmental authority binding on the Collateral Administrator, or the certificate or articles of association or incorporation or
by-laws of the Collateral Administrator or of any mortgage, indenture, lease, contract or other agreement, instrument or undertaking to which the Collateral Administrator is a party or by which the Collateral
Administrator or any of its assets may be bound, the violation of which would have a material adverse effect on the business, operations, assets or financial condition of the Collateral Administrator and will not result in, or require, the creation
or imposition of any lien on any of its property, assets or revenues pursuant to the provisions of any such mortgage, indenture, lease, contract or other agreement, instrument or undertaking. 

9. Amendments. This Agreement may not be amended, changed, modified or terminated (except as otherwise expressly provided herein) except
by the Collateral Manager, the Borrower Parties, the Collateral Administrator, a Majority of the Equity Investors and the Administrative Agent in writing. 

10. Waiver. No failure on the part of any party hereto to exercise and no delay in exercising, and no course of dealing with respect to,
any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this Agreement preclude any other or further exercise thereof or the exercise of
any other right, power or privilege. 
 11. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN CONFORMITY WITH THE
LAWS OF THE STATE OF NEW YORK WITH RESPECT TO AGREEMENTS MADE AND TO BE PERFORMED THEREIN. 
 12. Notices. Except as otherwise
provided herein, the Collateral Administrator shall be entitled to accept and act upon instructions or directions pursuant to this Agreement sent by e-mail or other similar electronic methods; provided,
however, that each of the Borrower Parties and the Collateral Manager shall provide to the Collateral Administrator an incumbency certificate listing persons designated to provide such instructions or directions, which incumbency certificate
shall be amended whenever a person is to be added or deleted from the listing. If the Borrower Parties or the Collateral Manager elect to give the Collateral Administrator e-mail (or instructions by a similar
electronic method) and the Collateral Administrator in its discretion elects to act upon such instructions, the Collateral Administrator’s reasonable understanding of such instructions shall be deemed controlling. The Collateral Administrator
shall not be liable for any losses, costs or expenses arising directly or indirectly from the Collateral Administrator’s reliance upon and compliance with such instructions notwithstanding such instructions conflicting with or being
inconsistent with a subsequent written instruction. Each of the Borrower Parties and the Collateral 

  
 12 

 
Manager agree to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Collateral Administrator, including without limitation the risk of
the Collateral Administrator acting on unauthorized instructions, and the risk of interception and misuse by third parties. Any notice, instruction or other instrument required or permitted to be given hereunder may be delivered in person to the
offices of the parties as set forth herein during normal business hours, or delivered prepaid registered mail or by telex, electronic mail, cable or other similar electronic methods to the parties at the following addresses or such other address as
may be notified by any party from time to time. All notices, requests, directions and other communications permitted or required hereunder shall be in writing and shall be deemed to have been duly given when received. 

If to the Collateral Administrator, to: 

U.S. Bank Trust Company, National Association 

214 N. Tryon Street 
 Charlotte,
North Carolina 28202 
 Attention: Global Corporate Trust 

Reference: ORCIC JV WH II LLC 
 E-mail: Wellfleet_Chicago@usbank.com 
 If to the Borrower, to: 

ORCIC JV WH II LLC 

Puglisi & Associates 850 Library Avenue, Suite 204 

Newark, DE 19711 
 Attention:
Don Puglisi 
 Facsimile: +1 (302) 738-7210 

Email: dpuglisi@puglisiassoc.com 

with a copy to: 
 Milbank LLP

 55 Hudson Yards 
 New York,
New York 10001 
 If to the Collateral Manager, to: 

ORCIC BC 9 LLC 
 c/o Owl Rock Core Income Corp.

 399 Park Avenue, Floor 38 
 New York, NY 10022 

Attention: Accounting 

E-mail: 

The Collateral Administrator shall be entitled to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured
email, facsimile transmission or other similar unsecured electronic methods, provided, however, that any Person providing such instructions or directions shall provide to the Collateral Administrator an incumbency certificate listing Authorized
Officers designated to provide such instructions or directions, which 

  
 13 

 
incumbency certificate shall be amended whenever a person is added or deleted from the listing. If such person elects to give the Collateral Administrator email or facsimile instructions (or
instructions by a similar electronic method) and the Collateral Administrator in its discretion elects to act upon such instructions, the Collateral Administrator’s reasonable understanding of such instructions shall be deemed
controlling. The Collateral Administrator shall not be liable for any losses, costs or expenses arising directly or indirectly from the Collateral Administrator’s reliance upon and compliance with such instructions notwithstanding such
instructions conflicting with or being inconsistent with a subsequent written instruction. Any person providing such instructions or directions agrees to assume all risks arising out of the use of such electronic methods to submit instructions
and directions to the Collateral Administrator, including without limitation the risk of the Collateral Administrator acting on unauthorized instructions, and the risk of interception and misuse by third parties. 

13. Successors and Assigns; Assignments. Any corporation or association into which the Collateral Administrator may be merged or
converted or with which it may be consolidated, or any corporation or association resulting from any merger, conversion or consolidation to which the Collateral Administrator shall be a party, or any corporation or association to which all or
substantially all of the corporate trust business of the Collateral Administrator may be sold or otherwise transferred, shall be the successor Collateral Administrator hereunder without any further act. This Agreement shall inure to the benefit of,
and be binding upon, the successors and assigns of each of the Collateral Manager, the Borrower Parties, and the Collateral Administrator. No party hereto may assign or delegate any of its rights or obligations under this Agreement (whether by way
of security or otherwise) without the prior written consent of the other parties hereto, a Majority of the Equity Investors and the Administrative Agent; provided that (a) the Borrower may grant a lien on its rights hereunder as provided
in the Loan Agreement and the Collateral Administrator and the Collateral Manager hereby acknowledge and consent to the creation of such lien; (b) the Collateral Administrator may delegate to, employ as agent, or otherwise cause any duty or
obligation hereunder to be performed by, any Affiliate of the Collateral Administrator or its successors without the prior written consent of the Collateral Manager and the Borrower Parties; provided that, except as otherwise provided herein,
the Collateral Administrator shall remain directly liable to the Borrower Parties and to the Collateral Manager for the performance of its duties and the fulfillment of its obligations hereunder; and (c) the Collateral Manager may delegate or
assign its duties hereunder upon the same terms and conditions for delegation and assignment as are set forth in the Loan Agreement. 
 14.
Counterparts. This Agreement (and each amendment, modification and waiver in respect of it) may be executed in counterparts (including by facsimile or electronic transmission, including a “.pdf” or similar imaged document, a .jpeg
file or any electronic signature complying with the U.S. Federal ESIGN Act of 2000, including Orbit, Adobe Fill & Sign, Adobe Sign, DocuSign, or any other similar platform identified by the Borrower Parties and reasonably available at no
undue burden or expense to the Collateral Administrator), each of which will be deemed an original, all of which when so executed shall together constitute but one and the same agreement. Delivery of an executed counterpart of this Agreement by any
electronic transmission or facsimile shall be effective as delivery of a manually executed counterpart of this Agreement. Any electronically signed document delivered via email from a person purporting to be an Authorized Officer shall be considered
signed or executed by such Authorized Officer on behalf of the applicable Person. The Collateral Administrator shall have no duty to inquire into or investigate the authenticity or authorization of any such electronic signature and shall be entitled
to conclusively rely on any such electronic signature without any liability with respect thereto. 

  
 14 

 15. Conflict with the Loan Agreement. If this Agreement shall require that any action be
taken with respect to any matter and the Loan Agreement shall require that a different action be taken with respect to such matter, and such actions shall be mutually exclusive, or if this Agreement should otherwise conflict with the Loan Agreement,
the Loan Agreement shall govern. 
 16. Conditions Precedent. The rights and obligations of the parties to this Agreement shall become
effective upon execution and delivery of (a) this Agreement and (b) the Loan Agreement. 
 17. No Bankruptcy Petition/Limited
Recourse. The Collateral Manager and the Collateral Administrator each covenant and agree, prior to the later to occur of (i) the date which is one year (or, if longer, the applicable preference period then in effect) and one day after the
payment in full of all Obligations by the Borrower Parties under the Loan Agreement or, (ii) if an Approved Securitization is closed, after payment in full of all securities issued thereunder, not to institute against, or join any other Person
in instituting against, the Borrower Parties any bankruptcy, reorganization, arrangement, insolvency, moratorium, winding-up, or liquidation proceedings or other proceedings under any bankruptcy, insolvency,
reorganization or similar law; provided, however, that nothing in this provision shall preclude, or be deemed to estop, the Collateral Manager or the Collateral Administrator (a) from taking any action prior to the expiration of
the aforementioned period of one year (or if longer, the applicable preference period then in effect) and one day in (i) any case or proceedings voluntarily filed or commenced by the Borrower Parties or (ii) any involuntary insolvency
proceeding filed or commenced against the Borrower Parties by a Person other than the Collateral Manager or the Collateral Administrator or (b) from commencing against the Borrower Parties or any properties of the Borrower Parties any legal
action which is not a bankruptcy, reorganization, arrangement, insolvency, moratorium, winding-up, or liquidation proceeding. Notwithstanding any other provision of this Agreement, any and all obligations of
the Borrower Parties and any claims arising from, or any transactions contemplated by, this Agreement, shall be limited solely to the Collateral Obligations and other Collateral and paid in accordance with the provisions of the Loan Agreement,
including Section 2.7 and Section 2.8 thereof. No recourse shall be had for the payment of any amount owing in respect of this Agreement against any affiliate, officer, member, shareholder, incorporator, employee or director of the
Borrower Parties and if payments on any such claims from the Collateral are insufficient, no other assets will be available for payment of the deficiency and, following liquidation of all the Collateral, all outstanding obligations and claims
against the Borrower Parties will be extinguished and shall not thereafter revive. The provisions of this Section 17 shall survive the termination of this Agreement. 

18. Force Majeure. In no event shall the Collateral Administrator be responsible or liable for any failure or delay in the performance
of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, pandemics
nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Collateral Administrator shall use reasonable best
efforts which are consistent with accepted practices in the industry to maintain performance and, if necessary, resume performance as soon as practicable under the circumstances. 

  
 15 

 19. Jurisdiction. The parties hereto hereby irrevocably submit to the non-exclusive jurisdiction of any New York State or Federal court sitting in the Borough of Manhattan in the City of New York in any proceeding arising out of or relating to this Agreement, and the parties hereby
irrevocably agree that all claims in respect of any such proceeding may be heard and determined in any such New York State or Federal court. The parties hereby irrevocably waive, to the fullest extent that they may legally do so, the defense of an
inconvenient forum to the maintenance of such proceeding. The parties irrevocably consent to the service of process in any proceeding by the mailing or delivery of copies of such process as set forth in Section 12 hereof.
The parties agree that a final non-appealable judgment in any such proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

20. Survival. Notwithstanding any term herein to the contrary, all indemnifications set forth or provided for in this Agreement,
together with Section 4, Section 15 and Section 17 of this Agreement, shall survive the termination of this Agreement and the resignation or removal of the Collateral
Administrator. 
 21. Waiver of Jury Trial Right. EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT THAT IT MAY HAVE TO A TRIAL BY JURY (BUT NO OTHER JUDICIAL REMEDIES) IN RESPECT OF ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. 

22. No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be
presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or
privilege. 
 23. Rule 17g-5 Compliance. 

(a) The Borrower Parties hereby appoint the Collateral Administrator as its agent (in such capacity, the “Information
Agent”) for forwarding 17g-5 Information (as defined below) to the 17g-5 website (as defined below) that the Information Agent receives from the Borrower
Parties, the Collateral Custodian or the Collateral Manager (or their respective representatives or advisors) in accordance with this Agreement that is designated as information to be posted on such website. To the extent that a Rating Agency makes
an inquiry or initiates communications with the Borrower Parties, the Collateral Manager, the Collateral Administrator or the Collateral Custodian regarding the Collateral Obligations relevant to such Rating Agency’s surveillance of the Loan
Agreement, all responses to such inquiries or communications from such Rating Agency shall be made in writing by the responding party and shall be provided to the Information Agent who shall promptly forward for posting such written response to the e-mail address established by the Borrower Parties for posting on the internet website established by the Borrower Parties for posting of 17g-5 Information (the “17g-5 Website”), access to which is limited to Rating Agencies and nationally recognized statistical rating organizations as the term is used in U.S. federal securities law
(“NRSROs”) who have provided a certification executed by an NRSRO in favor of the Borrower Parties that states that such NRSRO has provided the Borrower Parties with the appropriate certifications under Exchange Act 17g-5(e) and that such NRSRO has access to the 17g-5 Website (the “NRSRO Certification”) in accordance with the procedures set forth in
Section 23(c) hereof, and after the responding party receives written notification from the Information Agent (which the Information Agent agrees to provide on a reasonably prompt basis) (which may be in the form of e-mail) that such response has been forwarded for posting on the 17g-5 Website, such responding party may provide such response to such Rating Agency (all information required
to be posted to Rating Agencies pursuant to this Section 23, the “17g-5 Information”). 

  
 16 

 (b) To the extent that any of the Borrower Parties, the Collateral Manager, the Collateral
Custodian or the Collateral Administrator is required to provide any information to, or communicate with, any Rating Agency or another NRSRO in accordance with its obligations under the Loan Agreement, the Borrower Parties, the Collateral Manager,
the Collateral Administrator or the Collateral Custodian, as applicable, shall provide such information or communication to the Information Agent by e-mail at the e-mail
address separately provided by the Information Agent upon the issuance of an Initial Rating of the Funded Loans and/or Revolving Notes, which the Information Agent shall promptly forward to the 17g-5 Website
in accordance with the procedures set forth in Section 23(c) hereof, and after the applicable party has received written notification from the Information Agent (which may be in the form of
e-mail) that such information has been posted to the 17g-5 Website, the applicable party shall send such information to such Rating Agency in accordance with the
delivery instructions set forth herein. 
 (c) All information to be made available to the Rating Agencies pursuant to this
Section 23 shall be made available to the Information Agent for delivery to the 17g-5 Website. Information will be forwarded by the Information Agent to the 17g-5 Website for posting on the same Business Day of receipt provided that such information is received by 12:00 p.m. (Eastern time) or, if received after 12:00 p.m. (Eastern time), on the next Business Day.
The Information Agent shall have no obligation or duty to verify, confirm or otherwise determine whether the information being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not anything other than what it
purports to be. In the event that any information is delivered or posted in error, the Information Agent may direct the 17g-5 Website to remove it from the 17g-5
Website. None of the Collateral Administrator, the Collateral Custodian and the Information Agent have obtained and shall be deemed to have obtained actual knowledge of any information only by receipt and posting to the 17g-5 Website. Access will be provided by the 17g-5 Website to the Rating Agencies, and to the NRSROs upon receipt of an NRSRO Certification (which certification may be
submitted electronically). None of the Information Agent, the Collateral Administrator nor the Collateral Custodian shall have any obligation to engage in or respond to any oral communications with respect to the transactions contemplated hereby,
any transaction documents relating hereto or in any way relating to the Funded Loans and/or the Revolving Notes or for the purposes of determining the Initial Rating of the Funded Loans and/or the Revolving Notes with any Rating Agency or any of
their respective officers, directors or employees. 
 (d) The Information Agent shall not be liable for the dissemination of information in
accordance with the terms of this Agreement, makes no representations or warranties as to the accuracy or completeness of such information being made available, and assumes no responsibility for such information. The Information Agent shall not be
liable for its failure to make any information available to the 17g-5 Website unless such information was delivered to the Information Agent at the e-mail address set
forth herein, with a subject heading of “ORCIC JV WH II LLC – Rule 17g-5 Information” and sufficient detail to indicate that such information is required to be forwarded to the 17g-5 Website for posting. 

  
 17 

 (e) Notwithstanding anything to the contrary set forth herein, no provision contained in this
Section 23 will be given force or effect until such time, if any, as the Administrative Agent has requested that any Rating Agency issue an Initial Rating of the Funded Loans and/or the Revolving Notes. For the avoidance of
doubt, all the benefits, rights, protections, immunities and indemnities of the Collateral Administrator under this Agreement are enjoyed by the Collateral Administrator in its capacity as Information Agent. 

24. Not Applicable to U.S. Bank Trust Company, National Association in Other Capacities. Nothing in this Agreement shall affect any
right, benefit or obligation U.S. Bank Trust Company, National Association or any of its Affiliates may have in any capacity other than its capacities as Collateral Administrator or Collateral Custodian hereunder and under the other Transaction
Documents to which it is a party. 
 25. Limitation of Liability. In no event shall the Collateral Administrator in its individual
capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Borrower or the Portfolio Manager hereunder or under the Loan Agreement. 

 

  
 18 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed effective as of
the day and year first above written. 
  

			
	ORCIC JV WH II LLC,
	as Borrower
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	S-1	  	 ORCIC JV WH II LLC
 Collateral Administration
Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed effective as of
the day and year first above written. 
  

			
	U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Collateral Administrator
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	S-2	  	 ORCIC JV WH II LLC
 Collateral Administration
Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed effective as of
the day and year first above written. 
  

			
	ORCIC BC 9 LLC, as the Collateral Manager
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	S-3	  	 ORCIC JV WH II LLC
 Collateral Administration
Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]