Document:

Custodian Agreement

 Exhibit 10.4 

Execution Copy 

CUSTODIAN AGREEMENT 

This Agreement, dated as of April 19, 2010, is between THL CREDIT, INC., a corporation organized and
existing under the laws of the State of Delaware (the “Fund”), and STATE STREET BANK and TRUST COMPANY, a Massachusetts trust company (the
“Custodian”). 
 WITNESSETH: that in consideration of the mutual covenants and agreements
hereinafter contained, the parties hereto agree as follows: 
  

	SECTION 1.	EMPLOYMENT OF CUSTODIAN AND PROPERTY TO BE
HELD BY IT. 

 The Fund hereby employs the Custodian as the
custodian of its assets, including securities which the Fund desires to be held in places within the United States (“domestic securities”) and securities it desires to be held outside the United States (“foreign
securities”). The Fund agrees to deliver to the Custodian all securities and cash owned by it, and all payments of income, payments of principal or capital distributions received by it with respect to all securities owned by it from
time to time, and the cash consideration received by it for such new or treasury shares of common stock of the Fund (“Shares”) as may be issued or sold from time to time. The Custodian shall not be responsible for any
property of the Fund held or received by the Fund and not delivered to the Custodian. 
 Upon receipt of “Proper
Instructions” (as such term is defined in Section 7 hereof), the Custodian shall from time to time employ one or more sub-custodians located in the United States, but only in accordance with an applicable vote by the Board of
Directors of the Fund (the “Board”). The Custodian may employ as sub-custodian for the Fund’s foreign securities the foreign banking institutions and foreign securities depositories designated in Schedules A and B
hereto, but only in accordance with the applicable provisions of Sections 3 and 4. The Custodian shall have no more or less responsibility or liability to the Fund on account of any actions or omissions of any sub-custodian so employed than any such
sub-custodian has to the Custodian. 
  

	SECTION 2.	DUTIES OF THE CUSTODIAN WITH RESPECT TO
PROPERTY OF THE FUND HELD BY THE CUSTODIAN IN THE UNITED
STATES. 

 SECTION 2.1 HOLDING
SECURITIES. The Custodian shall hold and physically segregate for the account of the Fund all non-cash property, to be held by it in the United States, including all domestic securities owned by the Fund other than
securities which are maintained pursuant to Section 2.8 in a clearing agency which acts as a securities depository or in a book-entry system authorized by the U.S. Department of the Treasury (each, a “U.S. Securities
System”). 
 SECTION 2.2 DELIVERY OF
SECURITIES. The Custodian shall release and deliver domestic securities owned by the Fund held by the Custodian or in a U.S. Securities System account of the Custodian only upon receipt of Proper Instructions, which
may be continuing instructions when deemed appropriate by the parties, and only in the following cases: 
  

	 	1)	Upon sale of such securities for the account of the Fund and receipt of payment therefor; 

 

	 	2)	Upon the receipt of payment in connection with any repurchase agreement related to such securities entered into by the Fund; 

 

 -1- 

	 	3)	In the case of a sale effected through a U.S. Securities System, in accordance with the provisions of Section 2.8 hereof; 

 

	 	4)	To the depository agent in connection with tender or other similar offers for securities held by the Fund; 

 

	 	5)	To the issuer thereof or its agent when such securities are called, redeemed, retired or otherwise become payable; provided that, in any such case, the cash or other
consideration is to be delivered to the Custodian; 

  

	 	6)	To the issuer thereof, or its agent, for transfer into the name of the Fund or into the name of any nominee or nominees of the Custodian or into the name or nominee
name of any agent appointed pursuant to Section 2.7 or into the name or nominee name of any sub-custodian appointed pursuant to Section 1; or for exchange for a different number of bonds, certificates or other evidence representing the
same aggregate face amount or number of units; provided that, in any such case, the new securities are to be delivered to the Custodian; 

  

	 	7)	Upon the sale of such securities for the account of the Fund, to the broker or its clearing agent, against a receipt, for examination in accordance with “street
delivery” custom; provided that in any such case, the Custodian shall have no responsibility or liability for any loss arising from the delivery of such securities prior to receiving payment for such securities except as may arise from the
Custodian’s own negligence or willful misconduct; 

  

	 	8)	For exchange or conversion pursuant to any plan of merger, consolidation, recapitalization, reorganization or readjustment of the securities of the issuer of such
securities, or pursuant to provisions for conversion contained in such securities, or pursuant to any deposit agreement; provided that, in any such case, the new securities and cash, if any, are to be delivered to the Custodian;

  

	 	9)	In the case of warrants, rights or similar securities, the surrender thereof in the exercise of such warrants, rights or similar securities or the surrender of interim
receipts or temporary securities for definitive securities; provided that, in any such case, the new securities and cash, if any, are to be delivered to the Custodian; 

 

	 	10)	For delivery in connection with any loans of securities made by the Fund, but only against receipt of adequate collateral as agreed upon from time to time
by the Custodian and the Fund, which may be in the form of cash or obligations issued by the United States government, its agencies or instrumentalities, except that in connection with any loans for which collateral is to be credited to the
Custodian’s account in the book-entry system authorized by the U.S. Department of the Treasury, the Custodian will not be held liable or responsible for the delivery of securities owned by the Fund prior to the receipt of such collateral;

  

	 	11)	For delivery as security in connection with any borrowing by the Fund requiring a pledge of assets by the Fund, but only against receipt of amounts
borrowed; 

  

	 	12)	For delivery in accordance with the provisions of any agreement among the Fund, the Custodian and a broker-dealer registered under the Securities Exchange Act of 1934
(the “Exchange Act”) and a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”, formerly known as The National Association of Securities Dealers, Inc.), relating to compliance with the
rules of The Options Clearing Corporation and of any registered national securities exchange, or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Fund;

  

 -2- 

	 	13)	For delivery in accordance with the provisions of any agreement among the Fund, the Custodian, and a futures commission merchant registered under the Commodity Exchange
Act, relating to compliance with the rules of the Commodity Futures Trading Commission (“CFTC”) and/or any contract market, or any similar organization or organizations, regarding account deposits in connection with
transactions by the Fund; 

  

	 	14)	For delivery as initial or variation margin in connection with futures or options on futures contracts entered into by the Fund; 

 

	 	15)	For any other purpose, but only upon receipt of Proper Instructions specifying the securities of the Fund to be delivered and naming the person or persons
to whom delivery of such securities shall be made. 

 SECTION 2.3
REGISTRATION OF SECURITIES. Domestic securities held by the Custodian (other than bearer securities) shall be registered in the name of the Fund or in the name of any nominee of the
Fund or of any nominee of the Custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has authorized in writing the appointment of a nominee to be used in common with other registered investment companies having the
same investment advisor as the Fund, or in the name or nominee name of any agent appointed pursuant to Section 2.7 or in the name or nominee name of any sub-custodian appointed pursuant to Section 1. All securities accepted by the
Custodian on behalf of the Fund under the terms of this Agreement shall be in “street name” or other good delivery form. If, however, the Fund directs the Custodian to maintain securities in “street name”, the Custodian shall
utilize its best efforts only to timely collect income due the Fund on such securities and to notify the Fund on a best efforts basis only of relevant corporate actions including, without limitation, pendency of calls, maturities, tender or exchange
offers. 
 SECTION 2.4 BANK ACCOUNTS. The Custodian
shall open and maintain a separate bank account or accounts in the United States in the name of the Fund, subject only to draft or order by the Custodian acting pursuant to the terms of this Agreement, and shall hold in such account or accounts,
subject to the provisions hereof, all cash received by it from or for the account of the Fund, other than cash maintained by the Fund in a bank account established and used in accordance with Rule 17f-3 under the Investment Company Act of 1940 as
amended from time to time (the “1940 Act”). Monies held by the Custodian for the Fund may be deposited by it to its credit as Custodian in the banking department of the Custodian or in such other banks or trust companies as
it may in its discretion deem necessary or desirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under the 1940 Act and that each such bank or trust company and the monies to be deposited
with each such bank or trust company shall be approved by vote of a majority of the Board. Such monies shall be deposited by the Custodian in its capacity as Custodian and shall be withdrawable by the Custodian only in that capacity. 

SECTION 2.5 COLLECTION OF INCOME. Subject to the
provisions of Section 2.3, the Custodian shall collect on a timely basis all income and other payments with respect to registered domestic securities held hereunder to which the Fund shall be entitled either by law or pursuant to custom in the
securities business, and shall collect on a timely basis all income and other payments with respect to bearer domestic securities if, on the date of payment by the issuer, such securities are held by the Custodian or its agent thereof and shall
credit such income, as collected, to the Fund’s custodian account. Without limiting the generality of the foregoing, the Custodian shall detach and present for payment all coupons and other income items requiring presentation as and when they
become due and shall collect interest when due on securities held hereunder. Income due the Fund on securities loaned pursuant to the provisions of Section 2.2 (10) shall be the responsibility of the Fund. The Custodian will have no duty
or responsibility in connection therewith, other than to provide the Fund with such information or data as may be necessary to assist the Fund in arranging for the timely delivery to the Custodian of the income to which the Fund is properly
entitled. 
  

 -3- 

 SECTION 2.6 PAYMENT OF
FUND MONIES. Upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out monies of the Fund in the following cases
only: 
  

	 	1)	Upon the purchase of domestic securities, options, futures contracts or options on futures contracts for the account of the Fund but only (a) against the delivery
of such securities or evidence of title to such options, futures contracts or options on futures contracts to the Custodian (or any bank, banking firm or trust company doing business in the United States or abroad which is qualified under the 1940
Act to act as a custodian and has been designated by the Custodian as its agent for this purpose) registered in the name of the Fund or in the name of a nominee of the Custodian referred to in Section 2.3 hereof or in proper form for transfer;
(b) in the case of a purchase effected through a U.S. Securities System, in accordance with the conditions set forth in Section 2.8 hereof; (c) repurchase agreements entered into between the Fund and the Custodian, or another bank, or
a broker-dealer which is a member of FINRA, (i) against delivery of the securities either in certificate form or through an entry crediting the Custodian’s account at the Federal Reserve Bank with such securities or (ii) against
delivery of the receipt evidencing purchase by the Fund of securities owned by the Custodian along with written evidence of the agreement by the Custodian to repurchase such securities from the Fund; or (d) for transfer to a time deposit
account of the Fund in any bank, whether domestic or foreign; such transfer may be effected prior to receipt of a confirmation from a broker and/or the applicable bank pursuant to Proper Instructions from the Fund as defined herein;

  

	 	2)	In connection with conversion, exchange or surrender of securities owned by the Fund as set forth in Section 2.2 hereof; 

 

	 	3)	[Reserved]; 

  

	 	4)	For the payment of any expense or liability incurred by the Fund, including but not limited to the following payments for the account of the Fund: interest, taxes,
management, administration, accounting, transfer agent and legal fees, and operating expenses of the Fund whether or not such expenses are to be in whole or part capitalized or treated as deferred expenses; 

 

	 	5)	For the payment of any dividends on Shares declared pursuant to the governing documents of the Fund; 

 

	 	6)	For payment of the amount of dividends received in respect of securities sold short; 

 

	 	7)	For delivery as initial or variation margin in connection with futures or options on futures contracts entered into by the Fund; 

 

	 	8)	For the fulfillment of the Fund’s obligations with respect to unfunded commitments incurred in connection with Loans (as such term is defined below); and

  

	 	9)	For any other purpose, but only upon receipt of Proper Instructions specifying the amount of such payment and naming the person or persons to whom such
payment is to be made. 

  

 -4- 

 SECTION 2.7 APPOINTMENT OF
AGENTS. The Custodian may at any time or times in its discretion appoint (and may at any time remove) any other bank or trust company which is itself qualified under the 1940 Act to act as a custodian, as its agent
to carry out such of the provisions of this Section 2 as the Custodian may from time to time direct; provided, however, that the appointment of any agent shall not relieve the Custodian of its responsibilities or liabilities hereunder.

 SECTION 2.8 DEPOSIT OF FUND ASSETS
IN U.S. SECURITIES SYSTEMS. The Custodian may deposit and/or maintain securities owned by the Fund in a U.S. Securities System in compliance with the conditions of Rule 17f-4 of the
1940 Act, as amended from time to time. 
 SECTION 2.9 SEGREGATED
ACCOUNT. The Custodian shall upon receipt of Proper Instructions establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or
securities, including securities maintained in an account by the Custodian pursuant to Section 2.8 hereof, (i) in accordance with the provisions of any agreement among the Fund, the Custodian and a broker-dealer registered under the
Exchange Act and a member of FINRA (or any futures commission merchant registered under the Commodity Exchange Act), relating to compliance with the rules of The Options Clearing Corporation and of any registered national securities exchange (or the
CFTC or any registered contract market), or of any similar organization or organizations, regarding escrow or other arrangements in connection with transactions by the Fund, (ii) for purposes of segregating cash or government securities in
connection with options purchased, sold or written by the Fund or commodity futures contracts or options thereon purchased or sold by the Fund, (iii) for the purposes of compliance by the Fund with the procedures required by Investment Company
Act Release No. 10666, or any subsequent release of the U.S. Securities and Exchange Commission (the “SEC”), or interpretative opinion of the staff of the SEC, relating to the maintenance of segregated accounts by
registered investment companies, and (iv) for any other purpose upon receipt of Proper Instructions. 

SECTION 2.10 OWNERSHIP CERTIFICATES FOR TAX
PURPOSES. The Custodian shall execute ownership and other certificates and affidavits for all federal and state tax purposes in connection with receipt of income or other payments with respect to domestic securities
of the Fund held by it and in connection with transfers of securities. 
 SECTION 2.11
PROXIES. The Custodian shall, with respect to the domestic securities held hereunder, cause to be promptly executed by the registered holder of such securities, if the securities are registered otherwise than in
the name of the Fund or a nominee of the Fund, all proxies, without indication of the manner in which such proxies are to be voted, and shall promptly deliver to the Fund such proxies, all proxy soliciting materials and all notices relating to such
securities. 
 SECTION 2.12 COMMUNICATIONS RELATING TO
FUND SECURITIES. Subject to the provisions of Section 2.3, the Custodian shall transmit promptly to the Fund all written information (including, without limitation, pendency of calls and
maturities of domestic securities and expirations of rights in connection therewith and notices of exercise of call and put options written by the Fund and the maturity of futures contracts purchased or sold by the Fund) received by the Custodian
from issuers of the securities being held for the Fund. With respect to tender or exchange offers, the Custodian shall transmit promptly to the Fund all written information received by the Custodian from issuers of the securities whose tender or
exchange is sought and from the party (or its agents) making the tender or exchange offer. The Custodian shall not be liable for any untimely exercise of any tender, exchange or other right or power in connection with domestic securities or other
property of the Fund at any time held by it unless (i) the Custodian is in actual possession of such domestic securities or property and (ii) the Custodian receives Proper Instructions with regard to the exercise of any such right or
power, and both (i) and (ii) occur at least three business days prior to the date on which the Custodian is to take action to exercise such right or power. The Custodian shall also transmit promptly to the Fund all written information
received by the Custodian regarding any class action or other 
  

 -5- 

 
litigation in connection with securities or other assets issued in the United States and then held, or previously held, during the term of this Agreement by the Custodian for the account of the
Fund, including, but not limited to, opt-out notices and proof-of-claim forms. For avoidance of doubt, upon and after the effective date of any termination of this Agreement, the Custodian shall have no responsibility to so transmit any information
under this Section 2.12. 
  

	SECTION 3.	PROVISIONS RELATING TO RULES 17F-5 AND 17F-7.

 SECTION 3.1. DEFINITIONS. As used throughout this
Agreement, the following capitalized terms shall have the indicated meanings: 
 “Country Risk” means all factors
reasonably related to the systemic risk of holding Foreign Assets in a particular country including, but not limited to, such country’s political environment, economic and financial infrastructure (including any Eligible Securities Depository
operating in the country), prevailing or developing custody and settlement practices, and laws and regulations applicable to the safekeeping and recovery of Foreign Assets held in custody in that country. 

“Eligible Foreign Custodian” has the meaning set forth in section (a)(1) of Rule 17f-5, including a majority-owned direct or
indirect subsidiary of a U.S. Bank (as defined in Rule 17f-5), a bank holding company meeting the requirements of an Eligible Foreign Custodian (as set forth in Rule 17f-5 or by other appropriate action of the SEC, or a foreign branch of a Bank (as
defined in Section 2(a)(5) of the 1940 Act) meeting the requirements of a custodian under Section 17(f) of the 1940 Act; the term does not include any Eligible Securities Depository. 

“Eligible Securities Depository” has the meaning set forth in section (b)(1) of Rule 17f-7. 

“Foreign Assets” means any of the Fund’s investments (including foreign currencies) for which the primary market is outside
the United States and such cash and cash equivalents as are reasonably necessary to effect the Fund’s transactions in such investments. 

“Foreign Custody Manager” has the meaning set forth in section (a)(3) of Rule 17f-5. 

“Rule 17f-5” means Rule 17f-5 promulgated under the 1940 Act. 

“Rule 17f-7” means Rule 17f-7 promulgated under the 1940 Act. 

SECTION 3.2. THE CUSTODIAN AS FOREIGN
CUSTODY MANAGER. 
 3.2.1 DELEGATION TO
THE CUSTODIAN AS FOREIGN CUSTODY MANAGER. The Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to
Section (b) of Rule 17f-5, the responsibilities set forth in this Section 3.2 with respect to Foreign Assets held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager of the Fund.

 3.2.2 COUNTRIES COVERED. The Foreign Custody Manager shall be
responsible for performing the delegated responsibilities defined below only with respect to the countries and custody arrangements for each such country listed on Schedule A to this Agreement, which list of countries may be amended from time to
time by the Fund with the agreement of the Foreign Custody Manager. The Foreign Custody Manager shall list on Schedule A the Eligible Foreign Custodians selected by the Foreign Custody Manager to maintain the Fund’s assets, which list of
Eligible Foreign Custodians may be amended from time to time in the sole discretion of the Foreign Custody Manager. The Foreign Custody Manager will provide amended versions of Schedule A in accordance with Section 3.2.5 hereof. 

 

 -6- 

 Upon the receipt by the Foreign Custody Manager of Proper Instructions to open an account or to place or
maintain Foreign Assets in a country listed on Schedule A, and the fulfillment by the Fund of the applicable account opening requirements for such country, the Foreign Custody Manager shall be deemed to have been delegated by the Board
responsibility as Foreign Custody Manager with respect to that country and to have accepted such delegation. Execution of this Agreement by the Fund shall be deemed to be a Proper Instruction to open an account, or to place or maintain Foreign
Assets, in each country listed on Schedule A in which the Custodian has previously placed or currently maintains Foreign Assets pursuant to the terms of the Agreement. Following the receipt of Proper Instructions directing the Foreign Custody
Manager to close the account of the Fund with the Eligible Foreign Custodian selected by the Foreign Custody Manager in a designated country, the delegation by the Board to the Custodian as Foreign Custody Manager for that country shall be deemed to
have been withdrawn and the Custodian shall immediately cease to be the Foreign Custody Manager of the Fund with respect to that country. 
 The
Foreign Custody Manager may withdraw its acceptance of delegated responsibilities with respect to a designated country upon written notice to the Fund. Thirty days (or such longer period to which the parties agree in writing) after receipt of any
such notice by the Fund, the Custodian shall have no further responsibility in its capacity as Foreign Custody Manager to the Fund with respect to the country as to which the Custodian’s acceptance of delegation is withdrawn. 

3.2.3 SCOPE OF DELEGATED RESPONSIBILITIES: 

(a) SELECTION OF ELIGIBLE FOREIGN
CUSTODIANS. Subject to the provisions of this Section 3.2, the Foreign Custody Manager may place and maintain the Foreign Assets in the care of the Eligible Foreign Custodian selected by the Foreign
Custody Manager in each country listed on Schedule A, as amended from time to time. In performing its delegated responsibilities as Foreign Custody Manager to place or maintain Foreign Assets with an Eligible Foreign Custodian, the Foreign Custody
Manager shall determine that the Foreign Assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Foreign Assets will be held by that Eligible Foreign Custodian, after considering all
factors relevant to the safekeeping of such assets, including, without limitation the factors specified in Rule 17f-5(c)(1). 

(b) CONTRACTS WITH ELIGIBLE FOREIGN
CUSTODIANS. The Foreign Custody Manager shall determine that the contract governing the foreign custody arrangements with each Eligible Foreign Custodian selected by the Foreign Custody Manager will satisfy
the requirements of Rule 17f-5(c)(2). 
 (c) MONITORING. In each case in which the Foreign
Custody Manager maintains Foreign Assets with an Eligible Foreign Custodian selected by the Foreign Custody Manager, the Foreign Custody Manager shall establish a system to monitor (i) the appropriateness of maintaining the Foreign Assets with
such Eligible Foreign Custodian and (ii) the contract governing the custody arrangements established by the Foreign Custody Manager with the Eligible Foreign Custodian. In the event the Foreign Custody Manager determines that the custody
arrangements with an Eligible Foreign Custodian it has selected are no longer appropriate, the Foreign Custody Manager shall notify the Board in accordance with Section 3.2.5 hereunder. 

3.2.4 GUIDELINES FOR THE EXERCISE OF
DELEGATED AUTHORITY. For purposes of this Section 3.2, the Board shall be deemed to have considered and determined to accept such Country Risk as is incurred by placing and maintaining the
Foreign Assets in each country for which the Custodian is serving as Foreign Custody Manager of the Fund. 
 3.2.5
REPORTING REQUIREMENTS. The Foreign Custody Manager shall report the withdrawal of the Foreign Assets from an Eligible Foreign Custodian and the placement of such Foreign

  

 -7- 

 
Assets with another Eligible Foreign Custodian by providing to the Board an amended Schedule A at the end of the calendar quarter in which an amendment to such Schedule has occurred. The Foreign
Custody Manager shall make written reports notifying the Board of any other material change in the foreign custody arrangements of the Fund described in this Section 3.2 after the occurrence of the material change. 

3.2.6 STANDARD OF CARE AS FOREIGN CUSTODY
MANAGER OF THE FUND. In performing the responsibilities delegated to it, the Foreign Custody Manager agrees to exercise reasonable care, prudence and diligence such as a
person having responsibility for the safekeeping of assets of management investment companies registered under the 1940 Act would exercise. 

3.2.7 REPRESENTATIONS WITH RESPECT TO RULE
17F-5. The Foreign Custody Manager represents to the Fund that it is a U.S. Bank as defined in section (a)(7) of Rule 17f-5. The Fund represents to the Custodian that the Board has determined that it is reasonable for the
Board to rely on the Custodian to perform the responsibilities delegated pursuant to this Agreement to the Custodian as the Foreign Custody Manager of the Fund. 

3.2.8 EFFECTIVE DATE AND TERMINATION OF THE
CUSTODIAN AS FOREIGN CUSTODY MANAGER. The Board’s delegation to the Custodian as Foreign Custody Manager of the Fund shall be effective as of
the date hereof and shall remain in effect until terminated at any time, without penalty, by written notice from the terminating party to the non-terminating party. Termination will become effective thirty (30) days after receipt by the
non-terminating party of such notice. The provisions of Section 3.2.2 hereof shall govern the delegation to and termination of the Custodian as Foreign Custody Manager of the Fund with respect to designated countries. 

SECTION 3.3 ELIGIBLE SECURITIES DEPOSITORIES.

 3.3.1 ANALYSIS AND MONITORING. The Custodian shall
(a) provide the Fund (or its duly-authorized investment manager or investment advisor) with an analysis of the custody risks associated with maintaining assets with the Eligible Securities Depositories set forth on Schedule B hereto in
accordance with section (a)(1)(i)(A) of Rule 17f-7, and (b) monitor such risks on a continuing basis, and promptly notify the Fund (or its duly-authorized investment manager or investment advisor) of any material change in such risks, in
accordance with section (a)(1)(i)(B) of Rule 17f-7. 
 3.3.2 STANDARD OF
CARE. The Custodian agrees to exercise reasonable care, prudence and diligence in performing the duties set forth in Section 3.3.1. 

 

	SECTION 4.	DUTIES OF THE CUSTODIAN WITH RESPECT TO
PROPERTY OF THE FUND HELD OUTSIDE THE UNITED STATES. 

SECTION 4.1 DEFINITIONS. As used throughout this Agreement, the following
capitalized terms shall have the indicated meanings: 
 “Foreign Securities System” means an Eligible Securities
Depository listed on Schedule B hereto. 
 “Foreign Sub-Custodian” means a foreign banking institution serving as an
Eligible Foreign Custodian. 
 SECTION 4.2. HOLDING
SECURITIES. The Custodian shall identify on its books as belonging to the Fund the foreign securities held by each Foreign Sub-Custodian or Foreign Securities System. The Custodian may hold foreign securities for
all of its customers, including the Fund, with any Foreign Sub-Custodian in an account that is identified as belonging to the Custodian for the benefit of its customers, provided however, 

 

 -8- 

 
that (i) the records of the Custodian with respect to foreign securities of the Fund which are maintained in such account shall identify those securities as belonging to the Fund and (ii),
to the extent permitted and customary in the market in which the account is maintained, the Custodian shall require that securities so held by the Foreign Sub-Custodian be held separately from any assets of such Foreign Sub-Custodian or of other
customers of such Foreign Sub-Custodian. 
 SECTION 4.3. FOREIGN SECURITIES
SYSTEMS. Foreign securities shall be maintained in a Foreign Securities System in a designated country through arrangements implemented by the Custodian or a Foreign Sub-Custodian, as applicable, in such country.

 SECTION 4.4. TRANSACTIONS IN FOREIGN
CUSTODY ACCOUNT. 
 4.4.1. DELIVERY OF
FOREIGN ASSETS. The Custodian or a Foreign Sub-Custodian shall release and deliver foreign securities of the Fund held by the Custodian or such Foreign Sub-Custodian, or in a Foreign Securities System
account, only upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, and only in the following cases: 
  

	 	(i)	upon the sale of such foreign securities for the Fund in accordance with commercially reasonable market practice in the country where such foreign securities are held
or traded, including, without limitation: (A) delivery against expectation of receiving later payment; or (B) in the case of a sale effected through a Foreign Securities System, in accordance with the rules governing the operation of the
Foreign Securities System; 

  

	 	(ii)	in connection with any repurchase agreement related to foreign securities; 

 

	 	(iii)	to the depository agent in connection with tender or other similar offers for foreign securities of the Fund; 

 

	 	(iv)	to the issuer thereof or its agent when such foreign securities are called, redeemed, retired or otherwise become payable; 

 

	 	(v)	to the issuer thereof, or its agent, for transfer into the name of the Custodian (or the name of the respective Foreign Sub-Custodian or of any nominee of the Custodian
or such Foreign Sub-Custodian) or for exchange for a different number of bonds, certificates or other evidence representing the same aggregate face amount or number of units; 

 

	 	(vi)	to brokers, clearing banks or other clearing agents for examination or trade execution in accordance with market custom; provided that in any such case the Foreign
Sub-Custodian shall have no responsibility or liability for any loss arising from the delivery of such securities prior to receiving payment for such securities except as may arise from the Foreign Sub-Custodian’s own negligence or willful
misconduct; 

  

	 	(vii)	for exchange or conversion pursuant to any plan of merger, consolidation, recapitalization, reorganization or readjustment of the securities of the issuer of such
securities, or pursuant to provisions for conversion contained in such securities, or pursuant to any deposit agreement; 

  

	 	(viii)	in the case of warrants, rights or similar foreign securities, the surrender thereof in the exercise of such warrants, rights or similar securities or the surrender of
interim receipts or temporary securities for definitive securities; 

  

 -9- 

	 	(ix)	for delivery as security in connection with any borrowing by the Fund requiring a pledge of assets by the Fund; 

 

	 	(x)	for delivery as initial or variation margin in connection with futures or options on futures contracts entered into by the Fund; 

 

	 	(xi)	in connection with the lending of foreign securities; and 

  

	 	(xii)	for any other purpose, but only upon receipt of Proper Instructions specifying the foreign securities to be delivered and naming the person or persons to whom delivery
of such securities shall be made. 

 4.4.2. PAYMENT OF FUND
MONIES. Upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out, or direct the respective Foreign Sub-Custodian or the respective
Foreign Securities System to pay out, monies of the Fund in the following cases only: 
  

	 	(i)	upon the purchase of foreign securities for the Fund, unless otherwise directed by Proper Instructions, by (A) delivering money to the seller thereof or to a
dealer therefor (or an agent for such seller or dealer) against expectation of receiving later delivery of such foreign securities; or (B) in the case of a purchase effected through a Foreign Securities System, in accordance with the rules
governing the operation of such Foreign Securities System; 

  

	 	(ii)	in connection with the conversion, exchange or surrender of foreign securities of the Fund; 

 

	 	(iii)	for the payment of any expense or liability of the Fund, including but not limited to the following payments: interest, taxes, investment advisory fees, transfer agency
fees, fees under this Agreement, legal fees, accounting fees, and other operating expenses; 

  

	 	(iv)	for the purchase or sale of foreign exchange or foreign exchange contracts for the Fund, including transactions executed with or through the Custodian or its Foreign
Sub-Custodians; 

  

	 	(v)	for delivery as initial or variation margin in connection with futures or options on futures contracts entered into by the Fund; 

 

	 	(vi)	for payment of part or all of the dividends received in respect of securities sold short; 

 

	 	(vii)	in connection with the borrowing or lending of foreign securities; and 

  

	 	(viii)	for any other purpose, but only upon receipt of Proper Instructions specifying the amount of such payment and naming the person or persons to whom such payment is to be
made. 

 4.4.3. MARKET CONDITIONS. Notwithstanding any
provision of this Agreement to the contrary, settlement and payment for Foreign Assets received for the account of the Fund and delivery of Foreign Assets maintained for the account of the Fund may be effected in accordance with the customary
established securities trading or processing practices and procedures in the country or market in which the transaction occurs, including, without limitation, delivering Foreign Assets to the purchaser thereof or to a dealer therefor (or an agent
for such purchaser or dealer) with the expectation of receiving later payment for such Foreign Assets from such purchaser or dealer. 
  

 -10- 

 The Custodian shall provide to the Board the information with respect to custody and settlement practices in
countries in which the Custodian employs a Foreign Sub-Custodian described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in
the Board being provided with substantively less information than had been previously provided hereunder. 

SECTION 4.5. REGISTRATION OF FOREIGN
SECURITIES. The foreign securities maintained in the custody of a Foreign Sub-Custodian (other than bearer securities) shall be registered in the name of the Fund or in the name of the Custodian or in the name of
any Foreign Sub-Custodian or in the name of any nominee of the foregoing, and the Fund agrees to hold any such nominee harmless from any liability as a holder of record of such foreign securities. The Custodian or a Foreign Sub-Custodian shall not
be obligated to accept securities on behalf of the Fund under the terms of this Agreement unless the form of such securities and the manner in which they are delivered are in accordance with reasonable market practice. 

SECTION 4.6 BANK ACCOUNTS. The Custodian shall identify on its
books as belonging to the Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the
Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of the Fund with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian
(or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Fund. Cash maintained on the books of the Custodian (including its branches, subsidiaries and
affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts. 

SECTION 4.7. COLLECTION OF INCOME. The Custodian
shall use reasonable commercial efforts to collect all income and other payments with respect to the Foreign Assets held hereunder to which the Fund shall be entitled and shall credit such income, as collected, to the Fund. In the event that
extraordinary measures are required to collect such income, the Fund and the Custodian shall consult as to such measures and as to the compensation and expenses of the Custodian relating to such measures. 

SECTION 4.8 SHAREHOLDER RIGHTS. With respect to the
foreign securities held pursuant to this Section 4, the Custodian will use reasonable commercial efforts to facilitate the exercise of voting and other shareholder rights, subject always to the laws, regulations and practical constraints that
may exist in the country where such securities are issued. The Fund acknowledges that local conditions, including lack of regulation, onerous procedural obligations, lack of notice and other factors may have the effect of severely limiting the
ability of the Fund to exercise shareholder rights. 
 SECTION 4.9. COMMUNICATIONS
RELATING TO FOREIGN SECURITIES. The Custodian shall transmit promptly to the Fund written information with respect to materials received by the Custodian via the
Foreign Sub-Custodians from issuers of the foreign securities being held for the account of the Fund (including, without limitation, pendency of calls and maturities of foreign securities and expirations of rights in connection therewith). With
respect to tender or exchange offers, the Custodian shall transmit promptly to the Fund written information with respect to materials so received by the Custodian from issuers of the foreign securities whose tender or exchange is sought or from the
party (or its agents) making the tender or exchange offer. The Custodian shall not be liable for any untimely exercise of any tender, exchange or other right or power in connection with foreign securities or other property of the Fund at any time
held by it unless (i) the Custodian or the respective Foreign Sub-Custodian is in actual possession of such foreign securities or property and (ii) the Custodian receives Proper Instructions with regard to the exercise of any such right or
power, and both (i) and (ii) occur at least three business days prior to the date on which the Custodian is to take action to exercise such right or power. The Custodian shall also transmit promptly to the Fund all written

  

 -11- 

 
information received by the Custodian via the Foreign Sub-Custodians from issuers of the foreign securities being held for the account of the Fund regarding any class action or other litigation
in connection with foreign securities or other assets issued outside the United States and then held, or previously held, during the term of this Agreement by the Custodian for the account of the Fund, including, but not limited to, opt-out notices
and proof-of-claim forms. For avoidance of doubt, upon and after the effective date of any termination of this Agreement, the Custodian shall have no responsibility to so transmit any information under this Section 4.9. 

SECTION 4.10. LIABILITY OF FOREIGN
SUB-CUSTODIANS. Each agreement pursuant to which the Custodian employs a Foreign Sub-Custodian shall, to the extent possible, require the Foreign Sub-Custodian to exercise reasonable care in the
performance of its duties, and to indemnify, and hold harmless, the Custodian from and against any loss, damage, cost, expense, liability or claim arising out of or in connection with the Foreign Sub-Custodian’s performance of such obligations.
At the Fund’s election, it shall be entitled to be subrogated to the rights of the Custodian with respect to any claims against a Foreign Sub-Custodian as a consequence of any such loss, damage, cost, expense, liability or claim if and to the
extent that the Fund has not been made whole for any such loss, damage, cost, expense, liability or claim. 

SECTION 4.11 TAX LAW. The Custodian shall have no responsibility
or liability for any obligations now or hereafter imposed on the Fund or the Custodian as custodian of the Fund by the tax law of the United States or of any state or political subdivision thereof. It shall be the responsibility of the Fund to
notify the Custodian of the obligations imposed on the Fund or the Custodian as custodian of the Fund by the tax law of countries other than those mentioned in the above sentence, including responsibility for withholding and other taxes, assessments
or other governmental charges, certifications and governmental reporting. The sole responsibility of the Custodian with regard to such tax law shall be to use reasonable efforts to assist the Fund with respect to any claim for exemption or refund
under the tax law of countries for which the Fund has provided such information. 
 SECTION 4.12.
LIABILITY OF CUSTODIAN. The Custodian shall be liable for the acts or omissions of a Foreign Sub-Custodian to the same extent as set forth with respect to sub-custodians generally in
the Agreement and, regardless of whether assets are maintained in the custody of a Foreign Sub-Custodian or a Foreign Securities System, the Custodian shall not be liable for any loss, damage, cost, expense, liability or claim resulting from
nationalization, expropriation, currency restrictions, or acts of war or terrorism, or any other loss where the Sub-Custodian has otherwise acted with reasonable care. 
  

	SECTION 5.	PAYMENTS FOR SALES OF SHARES. 

The Custodian shall receive from the distributor for the Shares or from the Transfer Agent and deposit into the Fund’s account such payments as are
received for Shares thereof issued or sold from time to time by the Fund. The Custodian will provide timely notification to the Fund and the Transfer Agent of any receipt by it of payments for Shares of the Fund. 

 

	SECTION 6.	LOAN SERVICING PROVISIONS 

SECTION 6.1 GENERAL. The following provisions shall apply with respect to
investments, property or assets in the nature of loans, or interests or participations in loans, including without limitation interests in syndicated bank loans and bank loan participations, whether in the U.S. or outside the U.S. (collectively,
“Loans”) entered into by the Fund. 
 SECTION 6.2
SAFEKEEPING. Instruments, certificates, agreements and/or other documents which the Custodian may receive with respect to Loans, if any (collectively “Financing Documents”), from
time to time, shall be held by the Custodian at its offices in Boston, Massachusetts. 
  

 -12- 

 SECTION 6.3 DUTIES OF
THE CUSTODIAN. The Custodian shall accept such Financing Documents, if any, with respect to Loans as may be delivered to it from time to time by the Fund. The Custodian shall be under no obligation to
examine the contents or determine the sufficiency of any such Financing Documents or to provide any certification with respect thereto, whether received by the Custodian as original documents, photocopies, by facsimile or otherwise. Without limiting
the foregoing, the Custodian is under no duty to examine any such Financing Documents to determine whether necessary steps have been taken or requirements met with respect to the assignment or transfer of the related Loan or applicable interest or
participation in such Loan. The Custodian shall be entitled to assume the genuineness, sufficiency and completeness of any Financing Documents received, and the genuineness and due authority of any signature appearing on such documents.
Notwithstanding any term of this Agreement to the contrary, with respect to any Loans, (i) the Custodian shall be under no obligation to determine, and shall have no liability for, the sufficiency of, or to require delivery of, any instrument,
document or agreement constituting, evidencing or representing such Loan, other than to receive such Financing Documents, if any, as may be delivered or caused to be delivered to it by the Fund (or its investment manager acting on its behalf),
(ii) without limiting the generality of the foregoing, delivery of any such Loan (including without limitation, for purposes of Section 2.8 above) may be made to the Custodian by, and may be represented solely by, delivery to the Custodian
of a facsimile or photocopy of an assignment agreement (an “Assignment Agreement”) or a confirmation or certification from the Fund (or the investment manager) to the effect that it has acquired such Loan and/or has received
or will receive, and will deliver to the Custodian, appropriate Financing Documents constituting, evidencing or representing such Loan (such confirmation or certification, together with any Assignment Agreement, collectively, an
“Assignment Agreement or Confirmation”), in any case without delivery of any promissory note, participation certificate or similar instrument (collectively, an “Instrument”), (iii) if an original
Instrument shall be or shall become available with respect to any such Loan, it shall be the sole responsibility of the Fund (or the investment manager acting on its behalf) to make or cause delivery thereof to the Custodian, and the Custodian shall
be under no obligation at any time or times to determine whether any such original Instrument has been issued or made available with respect to such Loan, and shall not be under any obligation to compel compliance by the Fund to make or cause
delivery of such Instrument to the Custodian, and (iv) any reference to Financing Documents appearing in this Section 6 shall be deemed to include, without limitation, any such Instrument and/or Assignment Agreement or Confirmation.

 If payments with respect to a Loan (“Loan Payment”) are not received by the Custodian on the date on which they are
due, as reflected in the Payment Schedule (as such term is defined in Section 6.4 below) of the Loan (“Payment Date”), or in the case of interest payments, not received either on a scheduled interest payable date, as
reported to the Custodian by the Fund (or the investment manager acting on its behalf) for the Loan (the “Interest Payable Date”), or in the amount of the accrued interest payable, the Custodian shall promptly, but in no
event later than one business day after the Payment Date or the Interest Payable Date, give telephonic notice to the party obligated under the Financing Documents to make such Loan Payment (the “Obligor”) of its failure to
make timely payment, and (2) if such payment is not received within three business days of its due date, shall notify the Fund (or the investment manager on its behalf) of such Obligor’s failure to make the Loan Payment. The Custodian
shall have no responsibility with respect to the collection of Loan Payments which are past due, other than the duty to notify the Obligor and the Fund (or the investment manager acting on its behalf) as provided herein. 

The Custodian shall have no responsibilities or duties whatsoever under this Agreement, with respect to Loans or the Financing Documents, except for such
responsibilities as are expressly set forth herein. Without limiting the generality of the foregoing, the Custodian shall have no obligation to preserve any rights against prior parties or to exercise any right or perform any obligation in
connection with the Loans or any Financing Documents (including, without limitation, no obligation to take any action in respect of or upon receipt of any consent solicitation, notice of default or similar notice received from any bank agent or
Obligor, except pursuant to instructions from the Fund and except that the Custodian shall undertake reasonable efforts to forward any such notice to the Fund or the investment manager acting on its behalf). In case any question arises as to its
duties hereunder, the Custodian may request instructions from the Fund and shall be entitled at all times to refrain from 
  

 -13- 

 
taking any action unless it has received Proper Instructions from the Fund or the investment manager and the Custodian shall in all events have no liability, risk or cost for any action taken,
with respect to a Loan, pursuant to and in compliance with the Proper Instructions of such parties. 
 The Custodian shall be only responsible
and accountable for Loan Payments actually received by it and identified as for the account of the Fund; any and all credits and payments credited to the Fund, with respect to Loans, shall be conditional upon clearance and actual receipt by the
Custodian of final payment thereon. 
 The Custodian shall promptly, upon the Fund’s request, release to the Fund’s investment manager
or to any party as the Fund or the Fund’s investment manager may specify, any Financing Documents being held on behalf of the Fund. Without limiting the foregoing, the Custodian shall not be deemed to have or be charged with knowledge of the
sale of any Loan, unless and except to the extent it shall have received written notice and instruction from the Fund (or the investment manager acting on its behalf) with respect thereto, and except to the extent it shall have received the sale
proceeds thereof. 
 In no event shall the Custodian be under any obligation or liability to make any advance of its own funds with respect to
any Loan. 
 SECTION6.4 RESPONSIBILITY OF THE
FUND. With respect to each Loan held by the Custodian hereunder in accordance with the provisions hereof, the Fund shall (a) cause the Financing Documents evidencing such Loan to be delivered to the Custodian;
(b) include with such Financing Documents an amortization schedule of payments (the “Payment Schedule”) identifying the amount and due dates of scheduled principal payments, the Interest Payable Date(s) and related
payment amount information, and such other information with respect to the related Loan and Financing Documents as the Custodian reasonably may require in order to perform its services hereunder (collectively, “Loan
Information”), in such form and format as the Custodian reasonably may require; (c) take all actions necessary to acquire good title to such Loan (or the participation in such Loan, as the case may be), as and to the extent
intended to be acquired; and (d) cause the Custodian to be named as its nominee for payment purposes under the Financing Documents or otherwise provide for the direct payment of the Payments to the Custodian. The Custodian shall be entitled to
rely upon the Loan Information provided to it by the Fund without any obligation on the part of the Custodian independently to verify, investigate, recalculate, update or otherwise confirm the accuracy or completeness thereof; and the Custodian
shall have no liability for any delay or failure on the part of the Fund in providing necessary Loan Information to the Custodian, or for any inaccuracy therein or incompleteness thereof. With respect to each such Loan, the Custodian shall be
entitled to rely on any information and notices it may receive from time to time from the related bank agent, Obligor or similar party with respect to the related Loan, and shall be entitled to update its records on the basis of such information or
notices received, without any obligation on its part independently to verify, investigate or recalculate such information. 

SECTION 6.5 INSTRUCTIONS; AUTHORITY TO
ACT. The certificate of the Secretary or an Assistant Secretary of the Fund, identifying certain individuals approved by the Fund’s Board to be officers of the Fund or employees of the Fund’s investment
manager, administrator or sub-administrator and authorized to sign any such instructions, may be received and accepted as conclusive evidence of the incumbency and authority of such to act and may be considered by the Custodian to be in full force
and effect until it receives written notice to the contrary from the Secretary or Assistant Secretary of the Fund. Notwithstanding any other provision of this Agreement, the Custodian shall have no responsibility to ensure that any investment by the
Fund with respect to Loans has been authorized. 
 SECTION 6.6 ATTACHMENT. In case any
portion of the Loans or the Financing Documents shall be attached or levied upon pursuant to an order of court, or the delivery or disbursement thereof shall be stayed or enjoined by an order of court, or any other order, judgment or decrees shall
be made or entered by any court affecting the property of the Fund or any act of the Custodian relating thereto, the Custodian is hereby expressly 

 

 -14- 

 
authorized in its sole discretion to obey and comply with all orders, judgments or decrees so entered or issued, without the necessity of inquire whether such court had jurisdiction, and, in case
the Custodian obeys or complied with any such order, judgment or decree, it shall not be liable to anyone by reason of such compliance. 

SECTION 6.7 SECURITY INTEREST. 

The provisions of this Section 6.7 shall constitute a security agreement. Terms used in this Section 6.7 which are defined or
otherwise set forth in the Uniform Commercial Code of The Commonwealth of Massachusetts shall have the same meanings in this Section 6.7 as in the Uniform Commercial Code of The Commonwealth of Massachusetts. If a term is defined or otherwise
set forth in Article 9 of the Uniform Commercial Code of The Commonwealth of Massachusetts and in another Article as well, the term as defined or otherwise set forth in Article 9 shall control. 

SECTION 6.7.1 COLLATERAL. For purposes of this Section 6.7,
“Liabilities” of the Fund shall mean those liabilities described in the fourth paragraph of Section 15 of this Agreement. For the avoidance of doubt, and without limiting the provisions of Section 15 of this
Agreement (and in furtherance thereof), the Fund hereby agrees that, in connection with its Liabilities, the Custodian shall have a security interest in the following, whether now existing or hereafter acquired or created (collectively, the
“Collateral”): 
  

	 	(i)	all of the Fund’s promissory notes and chattel paper (A) copies of which are in the possession or under the control of any of the Custodian and its agents,
affiliates and subcustodians, (B) assigned to the Fund and for which originals or copies of confirmations or other evidences of the assignment are in the possession or under the control of any of the Custodian and its agents, affiliates and
subcustodians, (C) in which the Fund holds participations and for which originals or copies of the participation agreements or certificates are in the possession or under the control of any of the Custodian and its agents, affiliates and
subcustodians, or (D) assigned to the Fund or in which such Fund holds participations and for which instructions have been given to make payments of principal, interest or other amounts thereon to any of the Custodian and its agents, affiliates
and subcustodians; 

  

	 	(ii)	all of the Fund’s payment intangibles (A) evidenced by or created under written or electronic agreements originals or copies of which are in the possession or
under the control of any of the Custodian and its agents, affiliates and subcustodians, (B) assigned to the Fund and for which originals or copies of confirmations or other evidences of the assignment are in the possession or under the control
of any of the Custodian and its agents, affiliates and subcustodians, (C) in which the Fund holds participations and for which originals or copies of the participation agreements or certificates are in the possession or under the control of any
of the Custodian and its agents, affiliates and subcustodians, or (D) assigned to the Fund or in which such Fund holds participations and for which instructions have been given to make payments of principal, interest or other amounts thereon to
any of the Custodian and its agents, affiliates and subcustodians; and 

  

	 	(iii)	any and all proceeds of any thereof. 

SECTION 6.7.2 FAILURE TO SATISFY
LIABILITIES. In the event that the Fund fails to satisfy any of the Liabilities as and when due and payable, the failure shall constitute a default under this Section 6.7, and the Custodian shall then have with
respect to the Collateral, in addition to all other rights and remedies arising hereunder or under applicable law, the rights and remedies of a secured party under the Uniform Commercial Code of The Commonwealth of Massachusetts. Without prejudice
to the Custodian’s rights under applicable law, 
  

 -15- 

 
the Custodian shall be entitled, without notice to the Fund, to withhold delivery of any Collateral, sell or otherwise realize on any Collateral and to apply the money or other proceeds and any
other monies credited to the cash accounts in satisfaction of such Liabilities. The Fund acknowledges that, in the Custodian exercising any such rights or remedies against any Collateral, it will be commercially reasonable for the Custodian
(i) to accelerate or cause the acceleration of the maturity of any fixed term deposits comprised in the Collateral and (ii) to effect such currency conversions as may be necessary at its current rates for the sale and purchase of the
relevant currencies. 
 SECTION 6.7.3 UCC FILINGS. The Fund hereby
irrevocably authorizes the Custodian at any time and from time to time to file in any filing office in any Uniform Commercial Code jurisdiction any initial financing statements and amendments thereto that (a) indicate the Collateral as
described in Section 6.7.1 or (ii) as being of an equal or lesser scope or with greater detail, and (b) provide any other information required by part 5 of Article 9 of any applicable Uniform Commercial Code jurisdiction for the
sufficiency or filing office acceptance of any financing statement or amendment, including whether the Fund is an organization, the type of organization and any organizational identification number issued to the Fund. The Fund agrees to furnish any
such information to the Custodian promptly upon the Custodian’s request. The Fund also ratifies its authorization for the Custodian to have filed in any Uniform Commercial Code jurisdiction any like initial financing statements or amendments
thereto if filed prior to the date hereof. 
 SECTION 6.7.4 CHIEF EXECUTIVE
OFFICE. The Fund represents and warrants to the Custodian that the Fund’s chief executive office is located at the address set forth in this Agreement. The Fund covenants to provide to the Custodian at least 30
days’ prior written notice of any change of location of the chief executive office. 
 SECTION 6.7.5
PERFECTED SECURITY INTEREST. The Fund agrees to take such actions as the Custodian may from time to time request in order to insure that the Custodian has a first perfected security
interest in the Collateral and that the Custodian has the ability to enforce its security interest. Without limitation upon the foregoing, for such purposes the Fund (a) shall promptly deliver to the possession or control of the Custodian or
its designee originals of any instruments (including promissory notes) and chattel paper comprised in the Collateral and not already in the possession or under the control of the Custodian and its agents, affiliates and subcustodians, (b) shall
promptly obtain termination amendments of Uniform Commercial Code financing statements or terminations or subordinations of security interests or other liens, in form and substance satisfactory to Custodian, where the failure to take such action
could result in a competing security in or other lien on any of the Collateral having priority over the security interest of the Custodian in the Collateral, and (c) shall promptly execute and file such notices and registrations and take such
other actions, including actions required under the law of any foreign jurisdiction, which are, in the opinion of the Custodian, necessary or advisable to assure the attachment, perfection, priority and ability of the Custodian to enforce the
security interest and (d) further authorizes the Custodian to take such action as in the opinion of the Custodian may be necessary or advisable under any foreign law including making an appropriate entry in any security interest, charge or lien
registry in the country whose laws the Fund is organized or in which the Fund maintains an office. 
  

	SECTION 7.	PROPER INSTRUCTIONS. 

Proper Instructions, which may also be standing instructions, as used throughout this Agreement, shall mean instructions received by the Custodian from
the Fund, the Fund’s investment manager, or a person or entity duly authorized by either of them. Such instructions may be in writing signed by the authorized person or persons or may be in a tested communication or in a communication utilizing
access codes effected between electro-mechanical or electronic devices or may be by such other means and utilizing such intermediary systems and utilities as may be agreed to from time to time by the Custodian and the person or entity giving such
instructions, provided that the Fund has followed any security procedures agreed to from time to time by the Fund and the Custodian, including, but not limited to, the security procedures selected by the Fund in the Funds Transfer

  

 -16- 

 
Addendum to this Agreement, the terms of which are hereby agreed to. Oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a
person authorized to give such instructions with respect to the transaction involved. The Fund shall cause all oral instructions to be confirmed in writing. For purposes of this Section, Proper Instructions shall include instructions received by the
Custodian pursuant to any multi-party agreement which requires a segregated asset account in accordance with Section 2.10 of this Agreement. The Fund or the Fund’s investment manager shall cause its duly authorized officer to certify to
the Custodian in writing the names and specimen signatures of persons authorized to give Proper Instructions. The Custodian shall be entitled to rely upon the identity and authority of such persons until it receives notice from the Fund to the
contrary. 
  

	SECTION 8.	ACTIONS PERMITTED WITHOUT EXPRESS AUTHORITY. 

The Custodian may in its discretion, without express authority from the Fund: 

 

	 	1)	make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Agreement, provided that all
such payments shall be accounted for to the Fund; 

  

	 	2)	surrender securities in temporary form for securities in definitive form; 

  

	 	3)	endorse for collection, in the name of the Fund, checks, drafts and other negotiable instruments; and 

 

	 	4)	in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and
property of the Fund except as otherwise directed by the Board. 

  

	SECTION 9.	EVIDENCE OF AUTHORITY. 

The Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate or other instrument or paper believed by it to be
genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a copy of a resolution of the Board, certified by the Secretary or an Assistant Secretary of the Fund (“Certified
Resolution”), as conclusive evidence (a) of the authority of any person to act in accordance with such resolution or (b) of any determination or of any action by the Board as described in such resolution, and such resolution
may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary. 
  

	SECTION 10.	DUTIES OF CUSTODIAN WITH RESPECT TO THE BOOKS
OF ACCOUNT AND CALCULATION OF NET ASSET VALUE AND NET INCOME.

 The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the Board to keep the
books of account of the Fund and/or compute the net asset value per Share of the outstanding Shares or, if directed in writing to do so by the Fund, shall itself keep such books of account and/or compute such net asset value per Share. If so
directed, the Custodian shall also calculate as often as daily the net income of the Fund as described in the Prospectus and shall advise the Fund and the Transfer Agent daily of the total amounts of such net income and, if instructed in writing by
an officer of the Fund to do so, shall advise the Transfer Agent periodically of the division of such net income among its various components. 
  

 -17- 

	SECTION 11.	RECORDS. 

The Custodian shall create and maintain all records relating to its activities and obligations under this Agreement in such manner as will meet the
obligations of the Fund under the 1940 Act, with particular attention to Section 31 thereof and Rules 31a-1 and 31a-2 thereunder. All such records shall be the property of the Fund and shall at all times during the regular business hours of the
Custodian be open for inspection by duly authorized officers, employees or agents of the Fund and employees and agents of the SEC. The Custodian shall, at the Fund’s request, supply the Fund with a tabulation of securities owned by the Fund and
held by the Custodian and shall, when requested to do so by the Fund and for such compensation as shall be agreed upon between the Fund and the Custodian, include certificate numbers in such tabulations. 

 

	SECTION 12.	OPINION OF FUND’S INDEPENDENT ACCOUNTANT.

 The Custodian shall take all reasonable action, as the Fund may from time to time request, to obtain from year to year favorable
opinions from the Fund’s independent accountants with respect to its activities hereunder in connection with the preparation of the Fund’s Form N-2, and Forms 10-Q and 10-K or other reports to the SEC and with respect to any other
requirements thereof. 
  

	SECTION 13.	REPORTS TO FUND BY INDEPENDENT PUBLIC
ACCOUNTANTS. 

 The Custodian shall provide the Fund, at such times as the Fund may reasonably
require, with reports by independent public accountants on the accounting system, internal accounting control and procedures for safeguarding securities, futures contracts and options on futures contracts, including securities deposited and/or
maintained in a U.S. Securities System or a Foreign Securities System (either, a “Securities System”), relating to the services provided by the Custodian under this Agreement; such reports, shall be of sufficient scope and in
sufficient detail, as may reasonably be required by the Fund to provide reasonable assurance that any material inadequacies would be disclosed by such examination, and, if there are no such inadequacies, the reports shall so state. 

 

	SECTION 14.	COMPENSATION OF CUSTODIAN. 

The Custodian shall be entitled to reasonable compensation for its services and expenses as Custodian, as agreed upon from time to time between the Fund
and the Custodian. 
  

	SECTION 15.	RESPONSIBILITY OF CUSTODIAN. 

So long as and to the extent that it is in the exercise of reasonable care, the Custodian shall not be responsible for the title, validity or genuineness
of any property or evidence of title thereto received by it or delivered by it pursuant to this Agreement and shall be held harmless in acting upon any notice, request, consent, certificate or other instrument reasonably believed by it to be genuine
and to be signed by the proper party or parties, including any futures commission merchant acting pursuant to the terms of a three-party futures or options agreement. The Custodian shall be held to the exercise of reasonable care in carrying out the
provisions of this Agreement, but shall be kept indemnified by and shall be without liability to the Fund for any action taken or omitted by it in good faith without negligence, including, without limitation, acting in accordance with any Proper
Instruction. It shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Fund) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice. The Custodian shall
be without liability to the Fund for any loss, liability, claim or expense resulting from or caused by anything that is part of Country Risk (as defined in Section 3 hereof), including without limitation nationalization, expropriation, currency
restrictions, insolvency of a Foreign Sub-Custodian, acts of war, revolution, riots or terrorism. 
 Except as may arise from the
Custodian’s own negligence or willful misconduct or the negligence or willful misconduct of a sub-custodian or agent, the Custodian shall be without liability to the Fund for any loss, 

 

 -18- 

 
liability, claim or expense resulting from or caused by; (i) events or circumstances beyond the reasonable control of the Custodian or any sub-custodian or Securities System or any agent or
nominee of any of the foregoing, including, without limitation, the interruption, suspension or restriction of trading on or the closure of any securities market, power or other mechanical or technological failures or interruptions, computer viruses
or communications disruptions, work stoppages, natural disasters, or other similar events or acts; (ii) errors by the Fund or its duly-authorized investment manager or investment advisor in their instructions to the Custodian provided such
instructions have been in accordance with this Agreement; (iii) the insolvency of or acts or omissions by a Securities System; (iv) any delay or failure of any broker, agent or intermediary, central bank or other commercially prevalent
payment or clearing system to deliver to the Custodian’s sub-custodian or agent securities purchased or in the remittance or payment made in connection with securities sold; (v) any delay or failure of any company, corporation, or other
body in charge of registering or transferring securities in the name of the Custodian, the Fund, the Custodian’s sub-custodians, nominees or agents or any consequential losses arising out of such delay or failure to transfer such securities
including non-receipt of bonus, dividends and rights and other accretions or benefits; (vi) delays or inability to perform its duties due to any disorder in market infrastructure with respect to any particular security or Securities System; and
(vii) any provision of any present or future law or regulation or order of the United States of America, or any state thereof, or any other country, or political subdivision thereof or of any court of competent jurisdiction. The Custodian shall
be liable for the acts or omissions of a Foreign Sub-Custodian to the same extent as set forth with respect to sub-custodians generally in this Agreement. 

If the Fund requires the Custodian to take any action with respect to securities, which action involves the payment of money or which action may, in the
opinion of the Custodian, result in the Custodian or its nominee assigned to the Fund being liable for the payment of money or incurring liability of some other form, the Fund, as a prerequisite to requiring the Custodian to take such action, shall
provide indemnity to the Custodian in an amount and form satisfactory to it. 
 If the Fund requires the Custodian, its affiliates, subsidiaries
or agents, to advance cash or securities for any purpose (including but not limited to securities settlements, foreign exchange contracts and assumed settlement), or in the event that the Custodian or its nominee shall incur or be assessed any
taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Agreement, except such as may arise from its or its nominee’s own negligent action, negligent failure to act or willful misconduct, or if
the Fund fails to compensate the Custodian pursuant to Section 14 hereof, any property at any time held for the account of the Fund shall be security therefor and should the Fund fail to repay the Custodian promptly, the Custodian shall be
entitled to utilize available cash and to dispose of the Fund’s assets to the extent necessary to obtain reimbursement. 
 In no event
shall the Custodian be liable for indirect, special or consequential damages. 
  

	SECTION 16.	EFFECTIVE PERIOD, TERMINATION AND AMENDMENT. 

This Agreement shall become effective as of its execution, shall continue in full force and effect until terminated as hereinafter provided, may be
amended at any time by mutual agreement of the parties hereto and may be terminated by either party by an instrument in writing delivered or mailed, postage prepaid to the other party, such termination to take effect not sooner than sixty
(60) days after the date of such delivery or mailing; provided, however, that the Fund shall not amend or terminate this Agreement in contravention of any applicable federal or state regulations, or any provision of the Fund’s
Certificate of Incorporation or By-Laws, and further provided, that the Fund may at any time by action of its Board (i) substitute another bank or trust company for the Custodian by giving notice as described above to the Custodian, or
(ii) immediately terminate this Agreement in the event of the appointment of a conservator or receiver for the Custodian by the Comptroller of the Currency or upon the happening of a like event at the direction of an appropriate regulatory
agency or court of competent jurisdiction. 
  

 -19- 

 Upon termination of the Agreement, the Fund shall pay to the Custodian such compensation as may be due as of
the date of such termination and shall likewise reimburse the Custodian for its costs, expenses and disbursements. The provisions of Sections 4.11, 14 and 15 of this Agreement shall survive termination of this Agreement for any reason. 

 

	SECTION 17.	SUCCESSOR CUSTODIAN. 

If a successor custodian for the Fund shall be appointed by the Board, the Custodian shall, upon termination, deliver to such successor custodian at the
office of the Custodian, duly endorsed and in the form for transfer, all securities of the Fund then held by it hereunder and shall transfer to an account of the successor custodian all of the securities of the Fund held in a Securities System.

 If no such successor custodian shall be appointed, the Custodian shall, in like manner, upon receipt of a Certified Resolution, deliver at
the office of the Custodian and transfer such securities, funds and other properties in accordance with such resolution. 
 In the event that no
written order designating a successor custodian or Certified Resolution shall have been delivered to the Custodian on or before the date when such termination shall become effective, then the Custodian shall have the right to deliver to a bank or
trust company, which is a “bank” as defined in the 1940 Act, doing business in Boston, Massachusetts, or New York, New York, of its own selection, having an aggregate capital, surplus, and undivided profits, as shown by its last published
report, of not less than $25,000,000, all securities, funds and other properties held by the Custodian hereunder and all instruments held by the Custodian relative thereto and all other property held by it under this Agreement on behalf of the Fund,
and to transfer to an account of such successor custodian all of the Fund’s securities held in any Securities System. Thereafter, such bank or trust company shall be the successor of the Custodian under this Agreement. 

In the event that securities, funds and other properties remain in the possession of the Custodian after the date of termination hereof owing to failure
of the Fund to procure the Certified Resolution to appoint a successor custodian, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian retains possession of such securities, funds and other
properties and the provisions of this Agreement relating to the duties and obligations of the Custodian shall remain in full force and effect. 
  

	SECTION 18.	INTERPRETIVE AND ADDITIONAL PROVISIONS. 

In connection with the operation of this Agreement, the Custodian and the Fund may from time to time agree on such provisions interpretive of or in
addition to the provisions of this Agreement as may in their joint opinion be consistent with the general tenor of this Agreement. Any such interpretive or additional provisions shall be in a writing signed by both parties and shall be annexed
hereto, provided that no such interpretive or additional provisions shall contravene any applicable federal or state regulations or any provision of the Fund’s Certificate of Incorporation or By-Laws. No interpretive or additional
provisions made as provided in the preceding sentence shall be deemed to be an amendment of this Agreement. 
  

	SECTION 19.	MASSACHUSETTS LAW TO APPLY. 

This Agreement shall be construed and the provisions thereof interpreted under and in accordance with laws of The Commonwealth of Massachusetts.

  

 -20- 

	SECTION 20.	PRIOR AGREEMENTS. 

This Agreement supersedes and terminates, as of the date hereof, all prior Agreements between the Fund and the Custodian relating to the custody of the
Fund’s assets. 
  

	SECTION 21.	NOTICES. 

Any notice, instruction or other instrument required 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, cable or telecopy to the parties at the following addresses or such other addresses as may be notified by any party from time to time. 

 

			
	To the Fund:	  	THL CREDIT, INC.
		  	 100 Federal Street,
31st Floor

Boston, Massachusetts 02110

		
		  	Attention: Terry Olson, Chief Financial Officer
		  	Telephone: (617) 946-2682
		  	Telecopy: (877) 494-9096
		
	To the Custodian:	  	STATE STREET BANK AND TRUST COMPANY
		  	 John Hancock Tower
 200
Clarendon Street
 Boston, Massachusetts 02116

		
		  	Attention: Paul Woods, Senior Vice President
		  	Telephone: 617-937-6289
		  	Telecopy: 617-

 Such notice, instruction or other instrument
shall be deemed to have been served in the case of a registered letter at the expiration of five business days after posting, in the case of cable twenty-four hours after dispatch and, in the case of telex, immediately on dispatch and if delivered
outside normal business hours it shall be deemed to have been received at the next time after delivery when normal business hours commence and in the case of cable, telex or telecopy on the business day after the receipt thereof. Evidence that the
notice was properly addressed, stamped and put into the post shall be conclusive evidence of posting. 
  

	SECTION 22.	CONFIDENTIALITY. 

The parties hereto agree that each shall treat confidentially all information provided by each party to the other party regarding its business and
operations. All confidential information provided by a party hereto shall be used by any other party hereto solely for the purpose of rendering or receiving services pursuant to this Agreement and, except as may be required in carrying out this
Agreement, shall not be disclosed to any third party. The foregoing shall not be applicable to any information (i) that is publicly available when provided or thereafter becomes publicly available, other than through a breach of this Agreement,
or that is independently derived by any party hereto without the use of any information provided by the other party hereto in connection with this Agreement, (ii) that is required in any legal or regulatory proceeding, investigation, audit,
examination, subpoena, civil investigative demand or other similar process, or by operation of law or regulation, or (iii) where the party seeking to disclose has received the prior written consent of the party providing the information, which
consent shall not be unreasonably withheld. Notwithstanding anything herein to the contrary, the Custodian and its affiliates may report and use nonpublic portfolio holdings information of its clients, including the Fund, on an aggregated basis with
all or substantially all other client information and without specific reference to the Fund. 
  

 -21- 

	SECTION 23.	REPRODUCTION OF DOCUMENTS. 

This Agreement and all schedules, addenda, exhibits, attachments and amendments hereto may be reproduced by any photographic, photostatic, microfilm,
micro-card, miniature photographic or other similar process. The parties hereto all/each agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the
original is in existence and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

  

	SECTION 24.	REMOTE ACCESS SERVICES ADDENDUM. 

The Custodian and the Fund agree to be bound by the terms of the Remote Access Services Addendum attached hereto. 

 

	SECTION 25.	SHAREHOLDER COMMUNICATIONS ELECTION. 

SEC Rule 14b-2 requires banks which hold securities for the account of customers to respond to requests by issuers of securities for the names, addresses
and holdings of beneficial owners of securities of that issuer held by the bank unless the beneficial owner has expressly objected to disclosure of this information. In order to comply with the rule, the Custodian needs the Fund to indicate whether
it authorizes the Custodian to provide the Fund’s name, address, and share position to requesting companies whose securities the Fund owns. If the Fund tells the Custodian “no”, the Custodian will not provide this information to
requesting companies. If the Fund tells the Custodian “yes” or does not check either “yes” or “no” below, the Custodian is required by the rule to treat the Fund as consenting to disclosure of this information for all
securities owned by the Fund or any funds or accounts established by the Fund. For the Fund’s protection, the Rule prohibits the requesting company from using the Fund’s name and address for any purpose other than corporate communications.
Please indicate below whether the Fund consents or objects by checking one of the alternatives below. 
  

			
	YES   ̈	  	The Custodian is authorized to release the Fund’s name, address, and share positions.
		
	NO  x	  	The Custodian is not authorized to release the Fund’s name, address, and share positions.

[The remainder of this page intentionally left blank.] 

 

 -22- 

 IN WITNESS WHEREOF, each
of the parties has caused this instrument to be executed in its name and behalf by its duly authorized representative under seal as of the date first above-written. 
  

			
	THL CREDIT, INC.
		
	By:	 	 /s/ Terrence W. Olson

		 	Terrence W. Olson
		 	Chief Financial Officer
	
	STATE STREET BANK AND TRUST COMPANY
		
	By:	 	 /s/ Joseph C. Antonellis

		 	Joseph C. Antonellis
		 	Vice Chairman

 Custodian Agreement Signature Page 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

SUBCUSTODIANS
	  	SCHEDULE A

  

			
	 Market
	  	 Subcustodian

		
	Argentina	  	Citibank, N.A.
		
	Australia	  	 The Hongkong and Shanghai Banking Corporation Limited

Citigroup Pty. Limited

		
	Austria	  	UniCredit Bank Austria AG
		
	Bahrain	  	 HSBC Bank Middle East Limited

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	Bangladesh	  	Standard Chartered Bank
		
	Belgium	  	Deutsche Bank AG, Netherlands (operating through its Amsterdam branch with support from its Brussels branch)
		
	Benin	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Bermuda	  	Bank of Bermuda Limited
		
	Botswana	  	Barclays Bank of Botswana Limited
		
	Brazil	  	Citibank, N.A.
		
	Bulgaria	  	 ING Bank N.V.
 UniCredit
Bulbank AD

		
	Burkina Faso	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Canada	  	State Street Trust Company Canada
		
	Chile	  	Banco Itaú Chile
		
	People’s Republic of China	  	 HSBC Bank (China) Company Limited

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	Colombia	  	Cititrust Colombia S.A. Sociedad Fiduciaria
		
	Costa Rica	  	Banco BCT S.A.
		
	Croatia	  	 Privredna Banka Zagreb d.d.

Zagrebacka Banka d.d.

		
	Cyprus	  	BNP Paribas Securities Services, S.A., Greece (operating through its Athens branch)
		
	Czech Republic	  	 Československá obchodní banka, a.s.

UniCredit Bank Czech Republic a.s.

  

 As of 04/08/10 

-1- 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

SUBCUSTODIANS
	  	SCHEDULE A

  

			
	 Market
	  	 Subcustodian

		
	Denmark	  	Skandinaviska Enskilda Banken AB, Sweden (operating through its Copenhagen branch)
		
	Ecuador	  	Banco de la Producción S.A. PRODUBANCO
		
	Egypt	  	HSBC Bank Egypt S.A.E.
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)
		
	Estonia	  	AS SEB Pank
		
	Finland	  	Skandinaviska Enskilda Banken AB, Sweden (operating through its Helsinki branch)
		
	France	  	Deutsche Bank AG, Netherlands (operating through its Amsterdam branch with support from its Paris branch)
		
	Germany	  	Deutsche Bank AG
		
	Ghana	  	Barclays Bank of Ghana Limited
		
	Greece	  	BNP Paribas Securities Services, S.A.
		
	Guinea-Bissau	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Hong Kong	  	Standard Chartered Bank (Hong Kong) Limited
		
	Hungary	  	UniCredit Bank Hungary Zrt.
		
	Iceland	  	NBI hf.
		
	India	  	 Deutsche Bank AG
 The Hongkong
and Shanghai Banking Corporation Limited

		
	Indonesia	  	Deutsche Bank AG
		
	Ireland	  	Bank of Ireland
		
	Israel	  	Bank Hapoalim B.M.
		
	Italy	  	Deutsche Bank S.p.A.
		
	Ivory Coast	  	Société Générale de Banques en Côte d’Ivoire
		
	Jamaica	  	Bank of Nova Scotia Jamaica Limited
		
	Japan	  	Mizuho Corporate Bank Limited
		  	The Hongkong and Shanghai Banking Corporation Limited
		
	Jordan	  	HSBC Bank Middle East Limited
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

  

 As of 04/08/10 

-2- 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

SUBCUSTODIANS
	  	SCHEDULE A

  

			
	 Market
	  	 Subcustodian

		
	Kazakhstan	  	 SB HSBC Bank Kazakhstan JSC

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	Kenya	  	Barclays Bank of Kenya Limited
		
	Republic of Korea	  	 Deutsche Bank AG
 The Hongkong
and Shanghai Banking Corporation Limited

		
	Kuwait	  	 HSBC Bank Middle East Limited

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	Latvia	  	AS SEB Banka
		
	Lebanon	  	HSBC Bank Middle East Limited
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)
		
	Lithuania	  	AB SEB Bankas
		
	Malaysia	  	Standard Chartered Bank Malaysia Berhad
		
	Mali	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Malta	  	The Hongkong and Shanghai Banking Corporation Limited
		
	Mauritius	  	The Hongkong and Shanghai Banking Corporation Limited
		
	Mexico	  	Banco Nacional de México S.A.
		
	Morocco	  	Citibank Maghreb
		
	Namibia	  	Standard Bank Namibia Limited
		
	Netherlands	  	Deutsche Bank AG
		
	New Zealand	  	The Hongkong and Shanghai Banking Corporation Limited
		
	Niger	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Nigeria	  	Stanbic IBTC Bank Plc.
		
	Norway	  	Skandinaviska Enskilda Banken AB, Sweden (operating through its Oslo branch)
		
	Oman	  	HSBC Bank Middle East Limited
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)
		
	Pakistan	  	Deutsche Bank AG

  

 As of 04/08/10 

-3- 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

SUBCUSTODIANS
	  	SCHEDULE A

  

			
	 Market
	  	 Subcustodian

		
	Palestine	  	HSBC Bank Middle East Limited
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)
		
	Peru	  	Citibank del Perú, S.A.
		
	Philippines	  	Standard Chartered Bank
		
	Poland	  	Bank Handlowy w Warszawie S.A.
		
	Portugal	  	Deutsche Bank AG, Netherlands (operating through its Amsterdam branch with support from its Paris branch)
		  	BNP Paribas Securities Services, S.A.
		
	Puerto Rico	  	Citibank N.A.
		
	Qatar	  	HSBC Bank Middle East Limited
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)
		
	Romania	  	ING Bank N.V.
		  	UniCredit Tiriac Bank S.A.
		
	Russia	  	ING Bank (Eurasia) ZAO
		
	Saudi Arabia	  	Saudi British Bank
		  	(as delegate of The Hongkong and Shanghai Banking Corporation Limited)
		
	Senegal	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Serbia	  	UniCredit Bank Serbia JSC
		
	Singapore	  	Citibank N.A.
		  	United Overseas Bank Limited
		
	Slovak Republic	  	Československá obchodna banka, a.s.
		  	UniCredit Bank Slovakia a.s.
		
	Slovenia	  	UniCredit Banka Slovenija d.d.
		
	South Africa	  	Nedbank Limited
		  	Standard Bank of South Africa Limited
		
	Spain	  	Deutsche Bank S.A.E.
		
	Sri Lanka	  	The Hongkong and Shanghai Banking Corporation Limited
		
	Swaziland	  	Standard Bank Swaziland Limited
		
	Sweden	  	Skandinaviska Enskilda Banken AB

  

 As of 04/08/10 

-4- 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

SUBCUSTODIANS
	  	SCHEDULE A

  

			
	 Market
	  	 Subcustodian

		
	Switzerland	  	UBS AG
		  	Credit Suisse AG
		
	Taiwan - R.O.C.	  	Deutsche Bank AG
		  	Standard Chartered Bank (Taiwan) Limited
		
	Thailand	  	Standard Chartered Bank (Thai) Public Company Limited
		
	Togo	  	via Société Générale de Banques en Côte d’Ivoire, Abidjan, Ivory Coast
		
	Trinidad & Tobago	  	Republic Bank Limited
		
	Tunisia	  	Banque Internationale Arabe de Tunisie
		
	Turkey	  	Citibank, A.S.
		
	Uganda	  	Barclays Bank of Uganda Limited
		
	Ukraine	  	ING Bank Ukraine
		
	 United Arab Emirates –

Dubai Financial Market
	  	 HSBC Bank Middle East Limited

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	 United Arab Emirates –

Dubai International
 Financial
Center
	  	 HSBC Bank Middle East Limited

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	 United Arab Emirates –

Abu Dhabi
	  	 HSBC Bank Middle East Limited

(as delegate of The Hongkong and Shanghai Banking Corporation Limited)

		
	United Kingdom	  	State Street Bank and Trust Company, United Kingdom branch
		
	Uruguay	  	Banco Itaú Uruguay S.A.
		
	Venezuela	  	Citibank, N.A.
		
	Vietnam	  	HSBC Bank (Vietnam) Limited
		
	Zambia	  	Barclays Bank of Zambia Plc.
		
	Zimbabwe	  	Barclays Bank of Zimbabwe Limited

  

 As of 04/08/10 

-5- 

					
		 	STATE STREET	  	SCHEDULE B
		 	GLOBAL CUSTODY NETWORK	  	
	DEPOSITORIES OPERATING IN NETWORK MARKETS

  

			
	 Market
	  	 Depository

		
	Argentina	  	Caja de Valores S.A.
		
	Australia	  	Austraclear Limited
		
	Austria	  	Oesterreichische Kontrollbank AG (Wertpapiersammelbank Division)
		
	Bahrain	  	Clearing, Settlement, and Depository System of the Bahrain Stock Exchange
		
	Bangladesh	  	Central Depository Bangladesh Limited
		
	Belgium	  	National Bank of Belgium
		  	Euroclear Belgium
		
	Benin	  	Dépositaire Central – Banque de Règlement
		
	Bermuda	  	Bermuda Securities Depository
		
	Botswana	  	Central Securities Depository Company of Botswana Ltd.
		
	Brazil	  	Central de Custódia e de Liquidação Financeira de Títulos Privados (CETIP)
		  	Companhia Brasileira de Liquidação e Custódia
		  	Sistema Especial de Liquidação e de Custódia (SELIC)
		
	Bulgaria	  	Bulgarian National Bank
		  	Central Depository AD
		
	Burkina Faso	  	Dépositaire Central – Banque de Règlement
		
	Canada	  	The Canadian Depository for Securities Limited
		
	Chile	  	Depósito Central de Valores S.A.
		
	People’s Republic of China	  	 China Securities Depository and Clearing Corporation Limited, Shanghai Branch

China Securities Depository and Clearing Corporation Limited, Shenzhen Branch

		
	Colombia	  	Depósito Central de Valores
		  	Depósito Centralizado de Valores de Colombia S.A. (DECEVAL)
		
	Costa Rica	  	Central de Valores S.A.
		
	Croatia	  	Sredisnje klirinsko depozitarno drustvo d.d.
		
	Cyprus	  	Central Depository and Central Registry
		
	Czech Republic	  	Czech National Bank
		  	Středisko cenných papíru - Ceská republika
		
	Denmark	  	VP Securities A/S

  

 As of 04/08/10 

-1- 

					
		 	STATE STREET	  	SCHEDULE B
		 	GLOBAL CUSTODY NETWORK	  	
	DEPOSITORIES OPERATING IN NETWORK MARKETS

  

			
	 Market
	  	 Depository

		
	Egypt	  	Misr for Central Clearing, Depository and Registry S.A.E.
		  	Central Bank of Egypt
		
	Estonia	  	AS Eesti Väärtpaberikeskus
		
	Finland	  	Euroclear Finland
		
	France	  	Euroclear France
		
	Germany	  	Clearstream Banking AG, Frankfurt
		
	Ghana	  	GSE Securities Depository Company Ltd.
		  	Bank of Ghana
		
	Greece	  	Kentriko Apothetirio Aksion, a department of Hellenic Exchanges S.A. Holding
		  	Bank of Greece, System for Monitoring Transactions in Securities in Book-Entry Form
		
	Guinea-Bissau	  	Dépositaire Central – Banque de Règlement
		
	Hong Kong	  	Central Moneymarkets Unit
		  	Hong Kong Securities Clearing Company Limited
		
	Hungary	  	Központi Elszámolóház és Értéktár (Budapesti) Zrt. (KELER)
		
	Iceland	  	Icelandic Securities Depository Limited
		
	India	  	Central Depository Services (India) Limited
		  	National Securities Depository Limited
		  	Reserve Bank of India
		
	Indonesia	  	Bank Indonesia
		  	PT Kustodian Sentral Efek Indonesia
		
	Israel	  	Tel Aviv Stock Exchange Clearing House Ltd. (TASE Clearing House)
		
	Italy	  	Monte Titoli S.p.A.
		
	Ivory Coast	  	Dépositaire Central – Banque de Règlement
		
	Jamaica	  	Jamaica Central Securities Depository
		
	Japan	  	Bank of Japan – Net System
		  	Japan Securities Depository Center (JASDEC) Incorporated
		
	Jordan	  	Securities Depository Center
		
	Kazakhstan	  	Central Securities Depository

  

 As of 04/08/10 

-2- 

					
		 	STATE STREET	  	SCHEDULE B
		 	GLOBAL CUSTODY NETWORK	  	
	DEPOSITORIES OPERATING IN NETWORK MARKETS

  

			
	 Market
	  	 Depository

		
	Kenya	  	Central Depository and Settlement Corporation Limited
		  	Central Bank of Kenya
		
	Republic of Korea	  	Korea Securities Depository
		
	Kuwait	  	Kuwait Clearing Company
		
	Latvia	  	Latvian Central Depository
		
	Lebanon	  	Banque du Liban
		  	 Custodian and Clearing Center of Financial Instruments

for Lebanon and the Middle East (Midclear) S.A.L.

		
	Lithuania	  	Central Securities Depository of Lithuania
		
	Malaysia	  	Bank Negara Malaysia
		  	Bursa Malaysia Depository Sdn. Bhd.
		
	Mali	  	Dépositaire Central – Banque de Règlement
		
	Malta	  	Central Securities Depository of the Malta Stock Exchange
		
	Mauritius	  	Bank of Mauritius
		  	Central Depository and Settlement Co. Ltd.
		
	Mexico	  	S.D. Indeval, S.A. de C.V.
		
	Morocco	  	Maroclear
		
	Namibia	  	Bank of Namibia
		
	Netherlands	  	Euroclear Nederland
		
	New Zealand	  	New Zealand Central Securities Depository Limited
		
	Niger	  	Dépositaire Central – Banque de Règlement
		
	Nigeria	  	Central Securities Clearing System Limited
		
	Norway	  	Verdipapirsentralen
		
	Oman	  	Muscat Depository & Securities Registration Company, SAOC
		
	Pakistan	  	Central Depository Company of Pakistan Limited
		  	State Bank of Pakistan
		
	Palestine	  	Clearing, Depository and Settlement system, a department of the Palestine Securities Exchange

 

 As of 04/08/10 

-3- 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

DEPOSITORIES OPERATING IN NETWORK MARKETS
	  	SCHEDULE B

  

			
	 Market
	  	 Depository

		
	Peru	  	CAVALI S.A. Institución de Compensación y Liquidación de Valores
		
	Philippines	  	 Philippine Depository & Trust Corporation

Registry of Scripless Securities (ROSS) of the Bureau of Treasury

		
	Poland	  	 Rejestr Papierów Warto ciowych

Krajowy Depozyt Papierów Wartos ́ciowych, S.A.

		
	Portugal	  	 INTERBOLSA - Sociedad Gestora de Sistemas

de Liquidação e de Sistemas Centralizados de Valores Mobiliários, S.A.

		
	Qatar	  	Central Clearing and Registration (CCR), a department of the Qatar Exchange
		
	Romania	  	 S.C. Depozitarul Central S.A.

National Bank of Romania

		
	Russia	  	 Vneshtorgbank, Bank for Foreign Trade of the Russian Federation

National Depository Center

		
	Saudi Arabia	  	 Tadawul Central Securities Depository

Saudi Arabian Monetary Agency

		
	Senegal	  	Dépositaire Central – Banque de Règlement
		
	Serbia	  	Central Registrar, Depository and Clearinghouse
		
	Singapore	  	 The Central Depository (Pte) Limited

Monetary Authority of Singapore

		
	Slovak Republic	  	Centralny depozitar cenných papierov SR, a.s.
		
	Slovenia	  	KDD - Centralna klirinsko depotna druzba d.d.
		
	South Africa	  	Strate Ltd.
		
	Spain	  	IBERCLEAR
		
	Sri Lanka	  	 Central Bank of Sri Lanka

Central Depository System (Pvt) Limited

		
	Sweden	  	Euroclear Sweden
		
	Switzerland	  	SIX SIS AG
		
	Taiwan - R.O.C.	  	 Taiwan Depository and Clearing Corporation

Central Bank of China

		
	Thailand	  	Thailand Securities Depository Company Limited

  

 As of 04/08/10 

-4- 

					
		  	 STATE STREET

GLOBAL CUSTODY NETWORK

DEPOSITORIES OPERATING IN NETWORK MARKETS
	  	SCHEDULE B

  

			
	 Market
	  	 Depository

		
	Togo	  	Dépositaire Central – Banque de Règlement
		
	Trinidad and Tobago	  	 Central Bank of Trinidad and Tobago

Trinidad and Tobago Central Depository Limited

		
	Tunisia	  	 Société Tunisienne Interprofessionelle pour la

Compensation et le Dépôts des Valeurs Mobilières (STICODEVAM)

		
	Turkey	  	 Central Bank of Turkey

Central Registry Agency

		
	Uganda	  	Bank of Uganda
		
	Ukraine	  	 All-Ukrainian Securities Depository

National Bank of Ukraine

		
	United Arab Emirates - Dubai Financial Market	  	Clearing and Depository System, a department of the Dubai Financial Market
		
	United Arab Emirates - Dubai International Financial Center	  	Central Securities Depository, owned and operated by NASDAQ Dubai Limited
		
	United Arab Emirates - Abu Dhabi	  	Clearing, Settlement, Depository and Registry department of the Abu Dhabi Securities Exchange
		
	United Kingdom	  	Euroclear UK & Ireland Limited
		
	Uruguay	  	Banco Central del Uruguay
		
	Venezuela	  	Banco Central de Venezuela
		
		  	Caja Venezolana de Valores
		
	Vietnam	  	Vietnam Securities Depository
		
	Zambia	  	 Bank of Zambia LuSE
 Central
Shares Depository Limited

			
		
	TRANSNATIONAL	  	
	
	Euroclear Bank S.A./N.V.
	Clearstream Banking, S.A.

  

 As of 04/08/10 

-5- 

 SCHEDULE C 

MARKET INFORMATION 
  

			
	 Publication/Type of Information
	  	 Brief Description

	(scheduled frequency)	  	 
		
	 The Guide to Custody in World Markets

(hardcopy annually and regular website updates)
	  	An overview of settlement and safekeeping procedures, custody practices and foreign investor considerations for the markets in which State Street offers custodial
services.
		
	 Global Custody Network Review

(annually)
	  	Information relating to Foreign Sub-Custodians in State Street’s Global Custody Network. The Review stands as an integral part of the materials that State Street provides to
its U.S. mutual fund clients to assist them in complying with SEC Rule 17f-5. The Review also gives insight into State Street’s market expansion and Foreign Sub-Custodian selection processes, as well as the procedures and controls used to
monitor the financial condition and performance of our Foreign Sub-Custodian banks.
		
	 Securities Depository Review

(annually)
	  	Custody risk analyses of the Foreign Securities Depositories presently operating in Network markets. This publication is an integral part of the materials that State Street provides
to its U.S. mutual fund clients to meet informational obligations created by SEC Rule 17f-7.
		
	 Global Legal Survey

(annually)
	  	With respect to each market in which State Street offers custodial services, opinions relating to whether local law restricts (i) access of a fund’s independent public
accountants to books and records of a Foreign Sub- Custodian or Foreign Securities System, (ii) a fund’s ability to recover in the event of bankruptcy or insolvency of a Foreign Sub-Custodian or Foreign Securities System, (iii) a fund’s
ability to recover in the event of a loss by a Foreign Sub-Custodian or Foreign Securities System, and (iv) the ability of a foreign investor to convert cash and cash equivalents to U.S. dollars.
		
	 Subcustodian Agreements

(annually)
	  	Copies of the contracts that State Street has entered into with each Foreign Sub-Custodian that maintains U.S. mutual fund assets in the markets in which State Street offers
custodial services.
		
	 Global Market Bulletin

(daily or as necessary)
	  	Information on changing settlement and custody conditions in markets where State Street offers custodial services. Includes changes in market and tax regulations, depository
developments, dematerialization information, as well as other market changes that may impact State Street’s clients.
		
	 Foreign Custody Advisories

(as necessary)
	  	For those markets where State Street offers custodial services that exhibit special risks or infrastructures impacting custody, State Street issues market advisories to highlight
those unique market factors which might impact our ability to offer recognized custody service levels.
		
	 Material Change Notices

(presently on a quarterly basis or as otherwise necessary)
	  	Informational letters and accompanying materials confirming State Street’s foreign custody arrangements, including a summary of material changes with Foreign Sub-Custodians
that have occurred during the previous quarter. The notices also identify any material changes in the custodial risks associated with maintaining assets with Foreign Securities Depositories.

					
		 	FUNDS TRANSFER ADDENDUM	 	

 OPERATING GUIDELINES 

1. OBLIGATION OF THE SENDER: State Street is authorized to promptly debit Client’s account(s) upon the receipt of a payment order in
compliance with the selected Security Procedure chosen for funds transfer and in the amount of money that State Street has been instructed to transfer. State Street shall execute payment orders in compliance with the Security Procedure and with the
Client’s instructions on the execution date provided that such payment order is received by the customary deadline for processing such a request, unless the payment order specifies a later time. All payment orders and communications received
after this time will be deemed to have been received on the next business day. 
 2. SECURITY PROCEDURE: The Client acknowledges that the
Security Procedure it has designated on the Selection Form was selected by the Client from Security Procedures offered by State Street. The Client agrees that the Security Procedures are reasonable and adequate for its wire transfer transactions and
agrees to be bound by any payment orders, amendments and cancellations, whether or not authorized, issued in its name and accepted by State Street after being confirmed by any of the selected Security Procedures. The Client also agrees to be bound
by any other valid and authorized payment order accepted by State Street. The Client shall restrict access to confidential information relating to the Security Procedure to authorized persons as communicated in writing to State Street. The Client
must notify State Street immediately if it has reason to believe unauthorized persons may have obtained access to such information or of any change in the Client’s authorized personnel. State Street shall verify the authenticity of all
instructions according to the Security Procedure. 
 3. ACCOUNT NUMBERS: State Street shall process all payment orders on the basis of
the account number contained in the payment order. In the event of a discrepancy between any name indicated on the payment order and the account number, the account number shall take precedence and govern. Financial institutions that receive payment
orders initiated by State Street at the instruction of the Client may also process payment orders on the basis of account numbers, regardless of any name included in the payment order. State Street will also rely on any financial institution
identification numbers included in any payment order, regardless of any financial institution name included in the payment order. 
 4.
REJECTION: State Street reserves the right to decline to process or delay the processing of a payment order which (a) is in excess of the collected balance in the account to be charged at the time of State Street’s receipt of such
payment order; (b) if initiating such payment order would cause State Street, in State Street’s sole judgment, to exceed any volume, aggregate dollar, network, time, credit or similar limits upon wire transfers which are applicable to
State Street; or (c) if State Street, in good faith, is unable to satisfy itself that the transaction has been properly authorized. 
 5.
CANCELLATION OR AMENDMENT: State Street shall use reasonable efforts to act on all authorized requests to cancel or amend payment orders received in compliance with the Security Procedure provided that such requests are received in a timely
manner affording State Street reasonable opportunity to act. However, State Street assumes no liability if the request for amendment or cancellation cannot be satisfied. 

6. ERRORS: State Street shall assume no responsibility for failure to detect any erroneous payment order provided that State Street complies with
the payment order instructions as received and State Street complies with the Security Procedure. The Security Procedure is established for the purpose of authenticating payment orders only and not for the detection of errors in payment orders.

 7. INTEREST AND LIABILITY LIMITS: State Street shall assume no responsibility for lost interest with respect to the refundable amount
of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for
special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order. 

8. AUTOMATED CLEARING HOUSE (“ACH”) CREDIT ENTRIES/PROVISIONAL PAYMENTS: When a Client initiates or receives ACH credit and debit
entries pursuant to these Guidelines and the rules of the National Automated Clearing House Association and the New England Clearing House Association, State Street will act as an Originating Depository Financial Institution and/or Receiving
Depository Institution, as the case may be, with respect to such entries. Credits given by State Street with respect to an ACH credit entry are provisional until State Street receives final settlement for such entry from the Federal Reserve Bank. If
State Street does not receive such final settlement, the Client agrees that State Street shall receive a refund of the amount credited to the Client in connection with such entry, and the party making payment to the Client via such entry shall not
be deemed to have paid the amount of the entry. 
 9. CONFIRMATION STATEMENTS: Confirmation of State Street’s execution of payment
orders shall ordinarily be provided within 24 hours. Notice may be delivered through State Street’s proprietary information systems, such as, but not limited to Horizon and GlobalQuest®, account statements, advices, or by facsimile or
callback. The Client must report any objections to the execution of a payment order within 30 days. 

					
		 	FUNDS TRANSFER ADDENDUM	 	

  

 10. LIABILITY ON FOREIGN ACCOUNTS: State Street shall not be required to repay any deposit made
at a non-U.S. branch of State Street, or any deposit made with State Street and denominated in a non-U.S. dollar currency, if repayment of such deposit or the use of assets denominated in the non-U.S. dollar currency is prevented, prohibited or
otherwise blocked due to: (a) an act of war, insurrection or civil strife; (b) any action by a non-U.S. government or instrumentality or authority asserting governmental, military or police power of any kind, whether such authority be
recognized as a defacto or a dejure government, or by any entity, political or revolutionary movement or otherwise that usurps, supervenes or otherwise materially impairs the normal operation of civil authority; or(c) the closure of a non-U.S.
branch of State Street in order to prevent, in the reasonable judgment of State Street, harm to the employees or property of State Street. The obligation to repay any such deposit shall not be transferred to and may not be enforced against any other
branch of State Street. 
 The foregoing provisions constitute the disclosure required by Massachusetts General Laws, Chapter 167D,
Section 36. 
 While State Street is not obligated to repay any deposit made at a non-U.S. branch or any deposit denominated in a non-U.S.
currency during the period in which its repayment has been prevented, prohibited or otherwise blocked, State Street will repay such deposit when and if all circumstances preventing, prohibiting or otherwise blocking repayment cease to exist.

 11. MISCELLANEOUS: State Street and the Client agree to cooperate to attempt to recover any funds erroneously paid to the wrong party
or parties, regardless of any fault of State Street or the Client, but the party responsible for the erroneous payment shall bear all costs and expenses incurred in trying to effect such recovery. These Guidelines may not be amended except by a
written agreement signed by the parties. 

					
		 	FUNDS TRANSFER ADDENDUM	 	

  

 Security Procedure(s) Selection Form 

Please select one or more of the funds transfer security procedures indicated below. 

 ̈SWIFT 

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a cooperative society owned and operated by member financial institutions that
provides telecommunication services for its membership. Participation is limited to securities brokers and dealers, clearing and depository institutions, recognized exchanges for securities, and investment management institutions. SWIFT provides a
number of security features through encryption and authentication to protect against unauthorized access, loss or wrong delivery of messages, transmission errors, loss of confidentiality and fraudulent changes to messages. SWIFT is considered to be
one of the most secure and efficient networks for the delivery of funds transfer instructions. 
 Selection of this security procedure would
be most appropriate for existing SWIFT members. 
  ̈Standing Instructions 

 Standing Instructions may be used where funds are transferred to a broker on the Client’s established list of brokers with which it
engages in foreign exchange transactions. Only the date, the currency and the currency amount are variable. In order to establish this procedure, State Street will send to the Client a list of the brokers that State Street has determined are used by
the Client. The Client will confirm the list in writing, and State Street will verify the written confirmation by telephone. Standing Instructions will be subject to a mutually agreed upon limit. If the payment order exceeds the established limit,
the Standing Instruction will be confirmed by telephone prior to execution. 
  ̈Remote
Batch Transmission 
 Wire transfer instructions are delivered via Computer-to-Computer (CPU-CPU) data communications between the Client and
State Street. Security procedures include encryption and or the use of a test key by those individuals authorized as Automated Batch Verifiers. 

Clients selecting this option should have an existing facility for completing CPU-CPU transmissions. This delivery mechanism is typically used for
high-volume business. 
  ̈Global Horizon
Interchangesm Funds Transfer Service 

Global Horizon Interchange Funds Transfer Service (FTS) is a State Street proprietary microcomputer-based wire initiation system. FTS enables Clients to
electronically transmit authenticated Fedwire, CHIPS or internal book transfer instructions to State Street. 
 This delivery mechanism is
most appropriate for Clients with a low-to-medium number of transactions (5-75 per day), allowing Clients to enter, batch, and review wire transfer instructions on their PC prior to release to State Street. 

 ̈Telephone Confirmation (Callback) 

Telephone confirmation will be used to verify all non-repetitive funds transfer instructions received via untested facsimile or phone. This procedure
requires Clients to designate individuals as authorized initiators and authorized verifiers. State Street will verify that the instruction contains the signature of an authorized person and prior to execution, will contact someone other than the
originator at the Client’s location to authenticate the instruction. 
 Selection of this alternative is appropriate for Clients who do
not have the capability to use other security procedures. 
  ̈Repetitive Wires

 For situations where funds are transferred periodically (minimum of one instruction per calendar quarter) from an existing authorized
account to the same payee (destination bank and account number) and only the date and currency amount are variable, a repetitive wire may be implemented. Repetitive wires will be subject to a mutually agreed upon limit. If the payment order exceeds
the established limit, the instruction will be confirmed by telephone prior to execution. Telephone confirmation is used to establish this process. Repetitive wire instructions must be reconfirmed annually. 

This alternative is recommended whenever funds are frequently transferred between the same two accounts. 

 ̈Transfers Initiated by Facsimile 

The Client faxes wire transfer instructions directly to State Street Mutual Fund Services. Standard security procedure requires the use of a random number
test key for all transfers. Every six months the Client receives test key logs from State Street. The test key contains alpha-numeric characters, which the Client puts on each document faxed to State Street. This procedure ensures all wire
instructions received via fax are authorized by the Client. 
 We provide this option for Clients who wish to batch wire instructions and
transmit these as a group to State Street Mutual Fund Services once or several times a day. 

					
		 	FUNDS TRANSFER ADDENDUM	 	

  

  ̈Instruct 

Instruct is a State Street web-based application designed to provide internet-enabled remote access that allows for the capturing, verification and
processing of various instruction types, including securities, cash and foreign exchange transactions. Instruct is designed using industry standard formats to facilitate straight-through processing. Instruct provides a number of security features
through user entitlements, industry standard encryption protocols, digital security certificates and multiple tiers of user authentication requirements. 

 ̈Secure Transport 

Secure Transport is a file transfer application based upon the Secure File Transfer Protocol standard that is designed to enable State Street clients/
investment managers to send file based transfer and transaction instructions over the internet. Secure Transport features multi-factor authenticators such as SecurID and digital certificates, and incorporates industry-standard encryption protocols.

  ̈Automated Clearing House (ACH) 

State Street receives an automated transmission or a magnetic tape from a Client for the initiation of payment (credit) or collection (debit) transactions
through the ACH network. The transactions contained on each transmission or tape must be authenticated by the Client. Clients using ACH must select one or more of the following delivery options: 

 ̈Global Horizon Interchange Automated Clearing House Service 

Transactions are created on a microcomputer, assembled into batches and delivered to State Street via fully authenticated electronic transmissions in
standard NACHA formats. 
  ̈Transmission from Client PC to State Street Mainframe with Telephone
Callback 
  ̈Transmission from Client Mainframe to State Street Mainframe with Telephone
Callback 
  ̈Transmission from DST Systems to State Street Mainframe with Encryption 

 ̈Magnetic Tape Delivered to State Street with Telephone Callback 

State Street is hereby instructed to accept funds transfer instructions only via the delivery methods and security procedures indicated. The selected
delivery methods and security procedure(s) will be effective                      for payment orders initiated by our organization.

 Key Contact Information 

Whom shall we contact to implement your selection(s)? 
  

					
	 CLIENT OPERATIONS CONTACT
	    	 ALTERNATE CONTACT
	  	 
			
	  
	    	  
	  	
	 Name
	    	 Name
	  	
			
	  
	    	  
	  	
	 Address
	    	 Address
	  	
			
	  
	    	  
	  	
	 City/State/Zip Code
	    	 City/State/Zip Code
	  	
			
	  
	    	  
	  	
	 Telephone Number
	    	 Telephone Number
	  	
			
	  
	    	  
	  	
	 Facsimile Number
	    	 Facsimile Number
	  	
			
	  
	    		  	
	 SWIFT Number
	    		  	
			
	  
	    		  	
	 Telex Number
	    		  	

					
		 	FUNDS TRANSFER ADDENDUM	 	

  

 INSTRUCTION(S) 

TELEPHONE CONFIRMATION 
  

					
	Fund _______________________________________________	  	
		
	Investment Adviser ___________________________________	  	

 Authorized Initiators 

Please Type or Print 
 Please
provide a listing of Fund officers or other individuals who are currently authorized to INITIATE wire transfer instructions to State Street: 
  

					
	 NAME
	  	 TITLE (Specify whether position is with
Fund or Investment Adviser)
	  	 SPECIMEN SIGNATURE

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

Authorized Verifiers 

Please Type or Print 
 Please
provide a listing of Fund officers or other individuals who will be CALLED BACK to verify the initiation of repetitive wires of $10 million or more and all non-repetitive wire instructions: 

 

					
	 NAME
	  	 CALLBACK PHONE NUMBER
	  	 DOLLAR LIMITATION (IF ANY)

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

 REMOTE ACCESS SERVICES ADDENDUM TO CUSTODIAN CONTRACT 

ADDENDUM to that certain Custodian Agreement dated as of April 19, 2010 (the “Custodian Agreement”) between THL Credit,
Inc. (the “Customer”) and State Street Bank and Trust Company, including its subsidiaries and affiliates (“State Street”). 

State Street has developed and/or utilizes proprietary or third-party accounting and other systems in conjunction with the services that
State Street provides to the Customer. In this regard, State Street maintains certain information in databases under its ownership and/or control that it makes available to its customers (the “Remote Access Services”). 

The Services 
 State Street agrees to
provide the Customer, and its designated investment advisors, consultants or other third parties who agree to abide by the terms of this Addendum (“Authorized Designees”) with access to State Street proprietary and third-party systems as
may be offered by State Street from time to time (each, a “System”) on a remote basis. 
 Security Procedures 

The Customer agrees to comply, and to cause its Authorized Designees to comply, with remote access operating standards and procedures and with user
identification or other password control requirements and other security devices and procedures as may be issued or required from time to time by State Street or its third-party vendors for use of the System and access to the Remote Access Services.
The Customer is responsible for any use and/or misuse of the System and Remote Access Services by its Authorized Designees. The Customer agrees to advise State Street immediately in the event that it learns or has reason to believe that any person
to whom it has given access to the System or the Remote Access Services has violated or intends to violate the terms of this Addendum and the Customer will cooperate with State Street in seeking injunctive or other equitable relief. The Customer
agrees to discontinue use of the System and Remote Access Services, if requested, for any security reasons cited by State Street and State Street may restrict access of the System and Remote Access Services by the Customer or any Authorized Designee
for security reasons or noncompliance with the terms of this Addendum at any time. 
 Fees 

Fees and charges for the use of the System and the Remote Access Services and related payment terms shall be as set forth in the fee schedule in effect
from time to time between the parties. The Customer shall be responsible for any tariffs, duties or taxes imposed or levied by any government or governmental agency by reason of the transactions contemplated by this Addendum, including, without
limitation, federal, state and local taxes, use, value added and personal property taxes (other than income, franchise or similar taxes which may be imposed or assessed against State Street). Any claimed exemption from such tariffs, duties or taxes
shall be supported by proper documentary evidence delivered to State Street. 
 Proprietary Information/Injunctive Relief 

The System and Remote Access Services described herein and the databases, computer programs, screen formats, report formats, interactive design
techniques, formulae, processes, systems, software, knowhow, algorithms, programs, training aids, printed materials, methods, books, records, files, documentation and other information made available to the Customer by State Street as part of the
Remote Access Services and through the use of the System and all copyrights, patents, trade secrets and other proprietary and 
  

 i 

 
intellectual property rights of State Street and third-party vendors related thereto are the exclusive, valuable and confidential proprietary property of State Street and its relevant licensors
and third-party vendors (the “Proprietary Information”). The Customer agrees on behalf of itself and its Authorized Designees to keep the Proprietary Information confidential and to limit access to its employees and Authorized Designees
(under a similar duty of confidentiality) who require access to the System for the purposes intended. The foregoing shall not apply to Proprietary Information in the public domain or required by law to be made public. 

The Customer agrees to use the Remote Access Services only in connection with the proper purposes of this Addendum. The Customer will not, and will cause
its employees and Authorized Designees not to, (i) permit any third party to use the System or the Remote Access Services, (ii) sell, rent, license or otherwise use the System or the Remote Access Services in the operation of a service
bureau or for any purpose other than as expressly authorized under this Addendum, (iii) use the System or the Remote Access Services for any fund, trust or other investment vehicle without the prior written consent of State Street, or
(iv) allow or cause any information transmitted from State Street’s databases, including data from third-party sources, available through use of the System or the Remote Access Services, to be published, redistributed or retransmitted for
other than use for or on behalf of the Customer, as State Street’s customer. 
 The Customer agrees that neither it nor its Authorized
Designees will modify the System in any way; enhance, copy or otherwise create derivative works based upon the System; nor will the Customer or Customer’s Authorized Designees reverse engineer, decompile or otherwise attempt to secure the
source code for all or any part of the System. 
 The Customer acknowledges that the disclosure of any Proprietary Information, or of any
information which at law or equity ought to remain confidential, will immediately give rise to continuing irreparable injury to State Street or its third-party licensors and vendors inadequately compensable in damages at law and that State Street
shall be entitled to obtain immediate injunctive relief against the breach or threatened breach of any of the foregoing undertakings, in addition to any other legal remedies which may be available. 

Limited Warranties 
 State Street
represents and warrants that it is the owner of and/or has the right to grant access to the System and to provide the Remote Access Services contemplated herein. Because of the nature of computer information technology, including but not limited to
the use of the Internet, and the necessity of relying upon third-party sources, and data and pricing information obtained from third parties, the System and Remote Access Services are provided “AS IS” without warranty express or implied
including as to availability of the System, and the Customer and its Authorized Designees shall be solely responsible for the use of the System and Remote Access Services and investment decisions, results obtained, regulatory reports and statements
produced using the Remote Access Services. State Street and its relevant licensors and third-party vendors will not be liable to the Customer or its Authorized Designees for any direct or indirect, special, incidental, punitive or consequential
damages arising out of or in any way connected with the System or the Remote Access Services, nor shall any party be responsible for delays or nonperformance under this Addendum arising out of any cause or event beyond such party’s control.

 EXCEPT AS EXPRESSLY SET FORTH IN THIS ADDENDUM, STATE STREET, FOR ITSELF AND ITS RELEVANT LICENSORS AND THIRD-PARTY VENDORS EXPRESSLY
DISCLAIMS ANY AND ALL WARRANTIES CONCERNING THE SYSTEM AND THE SERVICES TO BE RENDERED HEREUNDER, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF MERCHANTIBILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

 

 ii 

 Infringement 

State Street will defend or, at its option, settle any claim or action brought against the Customer to the extent that it is based upon an assertion that
access to or use of State Street proprietary systems by the Customer under this Addendum constitutes direct infringement of any United States patent or copyright or misappropriation of a trade secret, provided that the Customer notifies State Street
promptly in writing of any such claim or proceeding, cooperates with State Street in the defense of such claim or proceeding and allows State Street sole control over such claim or proceeding. Should the State Street proprietary system or any part
thereof become, or in State Street’s opinion be likely to become, the subject of a claim of infringement or the like under any applicable patent, copyright or trade secret laws, State Street shall have the right, at State Street’s sole
option, to (i) procure for the Customer the right to continue using the State Street proprietary system (ii) replace or modify the State Street proprietary system so that the State Street proprietary system becomes noninfringing, or
(iii) terminate this Addendum without further obligation. This section constitutes the sole remedy available to the Customer for the matters described in this section. 

Termination 
 Either party to the
Custodian Agreement may terminate this Addendum (i) for any reason by giving the other party at least one-hundred and eighty (180) days’ prior written notice in the case of notice of termination by State Street to the Customer or
thirty (30) days’ notice in the case of notice from the Customer to State Street of termination, or (ii) immediately for failure of the other party to comply with any material term and condition of the Addendum by giving the other
party written notice of termination. This Addendum shall in any event terminate within ninety (90) days after the termination of any service agreement applicable to the Customer. The Customer’s use of any third-party System is contingent
upon its compliance with any terms and conditions of use of such System imposed by such third party and State Street’s continued access to, and use of, such third-party System. In the event of termination, the Customer will return to State
Street all copies of documentation and other confidential information in its possession or in the possession of its Authorized Designees and immediately cease access to the System and Remote Access Services. The foregoing provisions with respect to
confidentiality and infringement will survive termination for a period of three (3) years. 
 Miscellaneous 

This Addendum constitutes the entire understanding of the parties to the Custodian Agreement with respect to access to the System and the Remote Access
Services. This Addendum cannot be modified or altered except in a writing duly executed by each of State Street and the Customer and shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. 

By its execution of the Custodian Agreement, the Customer: (a) confirms to State Street that it informs all Authorized Designees of the terms of
this Addendum; (b) accepts responsibility for its and its Authorized Designees’ compliance with the terms of this Addendum; and (c) indemnifies and holds State Street harmless from and against any and all costs, expenses, losses,
damages, charges, counsel fees, payments and liabilities arising from any failure of the Customer or any of its Authorized Designees to abide by the terms of this Addendum. 

 

 iiiSub-Administration Agreement

 Exhibit 10.6 

Execution Copy 

SUB-ADMINISTRATION AGREEMENT 

This Sub-Administration Agreement (“Agreement”) dated and effective as of April 20, 2010, is by and among State Street Bank and
Trust Company, a Massachusetts trust company (the “Sub-Administrator”), THL Credit, Inc. (the “Company”), and THL Credit Advisors LLC, a Delaware limited liability company (the “Administrator”). 

WHEREAS, the Company is a closed-end, management investment company that intends to elect to be regulated as a business development
company; 
 WHEREAS, the Company has retained the Administrator to furnish administrative services to the Company; and

 WHEREAS, the Company and the Administrator desire to retain the Sub-Administrator to furnish certain administrative services
to the Company, and the Sub-Administrator is willing to furnish such services, on the terms and conditions set forth in this Agreement; 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows: 

 

	1.	APPOINTMENT OF SUB-ADMINISTRATOR 

The Company and the Administrator hereby appoint the Sub-Administrator to provide certain administrative services for the Company for the
period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the services stated herein. 
  

	2.	DELIVERY OF DOCUMENTS 

The Administrator will promptly deliver to the Sub-Administrator copies of each of the following documents with respect to the Company and
all future amendments and supplements, if any: 
  

	 	a.	The Company’s Certificate of Incorporation and By-laws; 

  

	 	b.	The Company’s pre-effective amendment No. 2 to its registration statement on Form N-2, SEC File No. 333-159636, any subsequent amendments thereto and any
subsequent registration statements on Form N-2 and any subsequent amendments thereto (the most recent such registration statement or amendment thereto at any time being referred to as the “Registration Statement”);

  

	 	c.	Certified copies of the resolutions of the Board of Directors of the Company (the “Board”) authorizing (1) the Company to enter into this Agreement and
(2) certain individuals on behalf of the Administrator to (a) give instructions to the Sub-Administrator pursuant to this Agreement and (b) sign checks and pay expenses; 

 

 1 

 Execution Copy 

 

	 	d.	A copy of the administration agreement between the Company and the Administrator; and 

 

	 	e.	Such other certificates, documents or opinions which the Sub-Administrator may, in its reasonable discretion, deem necessary or appropriate in the proper performance of
its duties. 

  

	3.	REPRESENTATIONS AND WARRANTIES OF THE
SUB-ADMINISTRATOR 

 The Sub-Administrator represents and warrants
to the Administrator that: 
  

	 	a.	It is a Massachusetts trust company, duly organized and existing under the laws of The Commonwealth of Massachusetts; 

 

	 	b.	It has the corporate power and authority to carry on its business in The Commonwealth of Massachusetts; 

 

	 	c.	All requisite corporate proceedings have been taken to authorize it to enter into and perform this Agreement; 

 

	 	d.	No legal or administrative proceedings have been instituted or threatened which would impair the Sub-Administrator’s ability to perform its duties and obligations
under this Agreement; and 

  

	 	e.	Its entrance into this Agreement shall not cause a material breach or be in material conflict with any other agreement or obligation of the Sub-Administrator or any law
or regulation applicable to it. 

  

	4.	REPRESENTATIONS AND WARRANTIES OF THE ADMINISTRATOR

 The Administrator represents and warrants to the Sub-Administrator that: 

 

	 	a.	It is a limited liability company duly organized, existing and in good standing under the laws of the State of Delaware; 

 

	 	b.	It has the requisite power and authority under applicable laws and by its governing documents to enter into and perform this Agreement; 

 

	 	c.	All requisite proceedings have been taken to authorize it to enter into and perform this Agreement; 

 

 2 

 Execution Copy 

 

	 	d.	No legal or administrative proceedings have been instituted or threatened which would materially impair the Administrator’s ability to perform its duties and
obligations under this Agreement; and 

  

	 	e.	Its entrance into this Agreement will not cause a material breach or be in material conflict with any other agreement or obligation of the Administrator or any law or
regulation applicable to it. 

  

	5.	REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 The Company represents and warrants to the Sub-Administrator that: 

 

	 	a.	The Company is a corporation duly organized, existing and in good standing under the laws of the State of Delaware; 

 

	 	b.	It has the requisite power and authority under applicable laws and by its Certificate of Incorporation to enter into and perform this Agreement;

  

	 	c.	All requisite proceedings have been taken to authorize it to enter into and perform this Agreement; 

 

	 	d.	No legal or administrative proceedings have been instituted or threatened which would materially impair the Company’s ability to perform its duties and obligations
under this Agreement; 

  

	 	e.	Its entrance into this Agreement will not cause a material breach or be in material conflict with any other agreement or obligation of the Administrator or any law or
regulation applicable to it; 

  

	 	f.	The Company is an investment company that intends to file an election to be regulated as a business development company under the Investment Company Act of 1940, as
amended (the “1940 Act”); 

  

	 	g.	A Registration Statement has been filed under the Securities Act of 1933, as amended (the “Securities Act”); and 

 

	 	h.	As of the close of business on the date of this Agreement, the Company is authorized to issue shares of capital stock. 

 

	6.	SUB-ADMINISTRATION SERVICES 

The Sub-Administrator shall provide the following services, subject to the authorization and direction of the Administrator or the Company
and, in each case where appropriate, the review and comment by the Company’s independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Administrator and the
Sub-Administrator: 
  

	 	a.	Prepare for the review by designated officer(s) of the Administrator the Company’s financial statements and periodic financial reports required to be filed with
the SEC on Form 10-K and Form 10-Q and financial information required by proxy statements, Form 8-K and such other reports, forms or filings as may be mutually agreed upon; 

 

 3 

 Execution Copy 

 

	 	b.	Coordinate the audit of the Company’s financial statements by the Company’s independent accountants, including the preparation of supporting audit workpapers
and other schedules, and make such reports and recommendations to the Board (or the Audit Committee of the Board (“Audit Committee”)) concerning the performance of the independent accountants as the Board or the Audit Committee may
reasonably request; 

  

	 	c.	Calculate management fees and incentive fees in accordance with the Company’s investment advisory agreement and/or other applicable documents;

  

	 	d.	Calculate incentive amounts available for distribution to shareholders by the Company; 

 

	 	e.	Provide periodic testing of the Company with respect to compliance with the mandatory qualification requirements of the Internal Revenue Code of 1986 as amended (the
“Code”) for status as a regulated investment company under Subchapter M of the Code, and as mutually agreed the requirements of the 1940 Act applicable to business development companies and the investment policies and restrictions of the
Company contained in its Registration Statement for the Company as may be mutually agreed upon, including quarterly compliance reporting to the designated officer(s) of the Company as well as preparation of related Board materials; and

  

	 	f.	Provide sub-certificates in connection with the certification requirements of the Sarbanes-Oxley Act of 2002 with respect to the services provided by the
Sub-Administrator. 

  

	 	g.	Implement and maintain a written information security program that contains appropriate security measures to safeguard the Personal Information (as defined below) of
the Trust’s shareholders, employees, directors and/or officers that the Administrator receives, stores, maintains, processes or otherwise accesses in connection with the provision of services hereunder. Pursuant to Section 17.02 of the
Standards for The Protection of Personal Information of Residents of the Commonwealth of Massachusetts (Massachusetts Privacy Standards), “Personal Information” is means an individual’s name and one or more of the following: Social
Security number, driver’s license number, state-issued identification card number, financial account number, or debit or credit card number, with or without any required security code, access code, personal identification number or password,
that would permit access to a resident’s financial account. 

  

 4 

 Execution Copy 

 

 The Sub-Administrator shall perform such other services for the Administrator and the
Company that are mutually agreed to by the parties from time to time, for which the Company or the Administrator will pay such fees as may be mutually agreed upon in accordance with the provisions of Section 7 of this Agreement, including the
Sub-Administrator’s reasonable out-of-pocket expenses. The provision of such services shall be subject to the terms and conditions of this Agreement. 

The Sub-Administrator shall provide the office facilities and the personnel determined by it to perform the services contemplated herein.

  

	7.	FEES; EXPENSES; EXPENSE REIMBURSEMENT 

The Sub-Administrator shall receive from the Administrator with respect to the Company such compensation for the Sub-Administrator’s
services provided pursuant to this Agreement as may be agreed to from time to time in a written Fee Schedule approved by the parties. The fees shall be accrued daily and billed monthly and shall be due and payable upon receipt of the invoice. Upon
the termination of this Agreement before the end of any month, the fee for the part of the month before such termination shall be prorated according to the proportion which such part bears to the full monthly period and shall be payable upon the
date of termination of this Agreement. In addition, the Administrator shall reimburse the Sub-Administrator for its out-of-pocket costs incurred in connection with this Agreement. All rights of compensation and expense reimbursement under this
Agreement for services performed as of the termination date shall survive the termination of this Agreement. 
 The
Administrator agrees promptly to reimburse the Sub-Administrator for any equipment and supplies specially ordered by or for the Company through the Sub-Administrator and for any other expenses not contemplated by this Agreement that the
Sub-Administrator may incur on the Company’s or the Administrator’s behalf or at the Administrator’s or the Company’s request or with the Administrator’s or the Company’s consent. 

The Administrator acknowledges and agrees that the Company and/or the Administrator will bear all expenses that are incurred in the
operation of the Company and not specifically assumed by the Sub-Administrator. Expenses to be borne by the Company and/or the Administrator, include, but are not limited to: organizational expenses; cost of services of independent accountants and
outside legal and tax counsel (including such counsel’s review of the Company’s Registration Statement, Form 10-K, Form 10-Q, Form 8-K, proxy materials, federal and state tax qualification as a regulated investment company and other
notices, registrations, reports, filings and materials prepared by the Sub-Administrator under this Agreement); cost of any services contracted for by the Company or the Administrator directly from parties other than the Sub-Administrator; cost of
trading operations and brokerage fees, commissions and transfer taxes in connection with the purchase and sale of securities for the Company; investment advisory fees; taxes, insurance premiums and other fees and expenses applicable to its
operation; costs incidental to any meetings of shareholders including, but not limited to, legal and accounting fees, proxy filing fees and the costs of preparation (e.g., typesetting, page changes and all other print vendor and EDGAR charges,
collectively referred to herein as “Preparation”), printing, distribution and mailing of any proxy materials; costs incidental to Board meetings, including fees and expenses of 

 

 5 

 Execution Copy 

 

 
Board members; the compensation and expenses of any officer, director\trustee or employee of the Company; costs of preparation, printing, distribution and mailing, as applicable, of the
Company’s shareholder reports; all applicable registration fees and filing fees required under federal and state securities laws; the cost of fidelity bond and D&O/E&O liability insurance; and cost of independent pricing services and
valuation firms used in determining the value of the Company’s assets. 
 The Sub-Administrator is authorized to and may
employ, associate or contract with such person or persons as the Sub-Administrator may deem desirable to assist it in performing its duties under this Agreement; provided, however, that the compensation of such person or persons shall be paid by the
Sub-Administrator and that the Sub-Administrator shall be as fully responsible to the Administrator for the acts and omissions of any such person or persons as it is for its own acts and omissions. 

 

	8.	INSTRUCTIONS AND ADVICE 

a. At any time, the Sub-Administrator may apply to any officer of the Company or his or her designee for instructions and may consult with
its own legal counsel or outside counsel for the Company or the independent accountants for the Company at the expense of the Company or the Administrator, with respect to any matter arising in connection with the services to be performed by the
Sub-Administrator under this Agreement. 
 b. The Sub-Administrator shall not be liable, and shall be indemnified by the
Administrator, for any action taken or omitted by it in good faith in reliance upon any such instructions or advice or upon any paper or document believed by it to be genuine and to have been signed by the proper person or persons. The
Sub-Administrator shall not be held to have notice of any change of authority of any person until receipt of written notice thereof from the Company or the Administrator. Nothing in this section shall be construed as imposing upon the
Sub-Administrator any obligation to seek such instructions or advice, or to act in accordance with such advice when received. 
  

	9.	LIMITATION OF LIABILITY AND INDEMNIFICATION 

The Sub-Administrator shall be responsible for the performance only of such duties as are set forth in this Agreement and, except as
otherwise provided under Section 7, shall have no responsibility for the actions or activities of any other party, including other service providers. The Sub-Administrator shall have no liability in respect of any loss, damage or expense
suffered by the Company or the Administrator insofar as such loss, damage or expense arises from the performance of the Sub-Administrator’s duties hereunder in reliance upon records that were maintained for the Company or the Administrator by
entities other than the Sub-Administrator prior to the Sub-Administrator’s appointment as Sub-Administrator hereunder. The Sub-Administrator shall have no liability for any error of judgment or mistake of law or for any loss or damage resulting
from the performance or nonperformance of its duties hereunder unless solely caused by or resulting from the negligence, bad faith, reckless disregard or willful misfeasance of the Sub-Administrator, its officers or employees. The Sub-Administrator
shall not be liable for any special, indirect, incidental, punitive or consequential damages, including lost profits, of any kind 

 

 6 

 Execution Copy 

 

 
whatsoever (including, without limitation, attorneys’ fees) under any provision of this Agreement or for any such damages arising out of any act or failure to act hereunder, each of which is
hereby excluded by agreement of the parties regardless of whether such damages were foreseeable or whether either party or any entity had been advised of the possibility of such damages. In any event, the Sub-Administrator’s liability
under this Agreement shall be limited to such amount as may be agreed upon from time to time between the parties hereto. 
 The
Sub-Administrator shall not be responsible or liable for any failure or delay in performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its control, including without limitation,
work stoppage, power or other mechanical failure, computer virus, natural disaster, governmental action or communication disruption. 

The Administrator shall indemnify and hold the Sub-Administrator and its directors, officers, employees and agents harmless from all
loss, cost, damage and expense, including reasonable fees and expenses for counsel, incurred by the Sub-Administrator resulting from any claim, demand, action or suit in connection with the Sub-Administrator’s acceptance of this Agreement, any
action or omission by it in the performance of its duties hereunder, or as a result of acting upon any instructions reasonably believed by it to have been duly authorized by the Company or the Administrator or upon reasonable reliance on information
or records given or made by the Company or the Administrator or its investment adviser, provided that this indemnification shall not apply to actions or omissions of the Sub-Administrator, its officers or employees in cases of its or their own
negligence, bad faith, reckless disregard or willful misfeasance. 
 The limitation of liability and indemnification contained
herein shall survive the termination of this Agreement. 
  

	10.	CONFIDENTIALITY 

The parties hereto agree that each shall treat confidentially all information provided by each party to the other parties regarding its
business and operations. All confidential information provided by a party hereto shall be used by the other parties hereto solely for the purpose of rendering or receiving services pursuant to this Agreement and, except as may be required in
carrying out this Agreement, shall not be disclosed to any third party. No party will use or disclose confidential information for purposes other than the activities contemplated by this Agreement or except as required by law, court process or
pursuant to the lawful requirement of a governmental agency, or if the party is advised by counsel that it may incur liability for failure to make a disclosure, or except at the request or with the written consent of the other parties.
Notwithstanding the foregoing, each party acknowledges that the other parties may provide access to and use of confidential information relating to the other parties to the disclosing party’s employees, contractors, agents, professional
advisors, auditors or persons performing similar functions. 
  

 7 

 Execution Copy 

 

 The foregoing shall not be applicable to any information (i) that is publicly
available when provided or thereafter becomes publicly available, other than through a breach of this Agreement, (ii) that is independently derived by a party hereto without the use of any information provided by the other party hereto in
connection with this Agreement, (iii) that is required in any legal or regulatory proceeding, investigation, audit, examination, subpoena, civil investigative demand or other similar process, or by operation of law or regulation, or
(iv) where the party seeking to disclose has received the prior written consent of the party providing the information, which consent shall not be unreasonably withheld. Furthermore, and notwithstanding anything in this Section to the contrary,
the Sub-Administrator may aggregate the Company’s data with similar data of other customers of the Sub-Administrator (“Aggregated Data”) and may use Aggregated Data for purposes of constructing statistical models so long as such
Aggregated Data represents a sufficiently large sample that no Company data can be identified either directly or by inference or implication. 

The undertakings and obligations contained in this Section shall survive the termination or expiration of this Agreement for a period of
three (3) years. 
  

	11.	COMPLIANCE WITH GOVERNMENTAL RULES AND REGULATIONS;
RECORDS 

 In compliance with the requirements of Rule 31a-3 under the 1940 Act,
the Sub-Administrator agrees that all records which it maintains for the Company shall at all times remain the property of the Company, shall be readily accessible during normal business hours, and shall be promptly surrendered upon the termination
of the Agreement or otherwise on written request. The Sub-Administrator further agrees that all records that it maintains for the Company pursuant to Rule 31a-1 under the 1940 Act will be preserved for the periods prescribed by Rule 31a-2 under the
1940 Act unless any such records are earlier surrendered as provided above. Records may be surrendered in either written or machine-readable form, at the option of the Sub-Administrator. 

 

	12.	SERVICES NOT EXCLUSIVE 

The services of the Sub-Administrator are not to be deemed exclusive, and the Sub-Administrator shall be free to render similar services
to others. The Sub-Administrator shall be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorized by the Administrator from time to time, have no authority to act or represent the Company or the
Administrator in any way or otherwise be deemed an agent of the Company or the Administrator. 
  

	13.	TERM, TERMINATION AND AMENDMENT 

 

	 	(a)	This Agreement shall become effective as of the date first above written. The Agreement shall remain in effect unless terminated by a party on sixty
(60) days’ prior written notice. 

  

	 	(b)	Upon termination of this Agreement, the Administrator shall pay to the Sub-Administrator such compensation and any reimbursable expenses as may be due under the terms
hereof as of the date of such termination, including reasonable out-of-pocket expenses associated with such termination. 

  

 8 

 Execution Copy 

 

	 	(c)	This Agreement may be modified or amended from time to time by mutual written agreement of the parties hereto. 

 

	14.	NOTICES 

Any notice or other communication authorized or required by this Agreement to be given to either party shall be in writing and deemed to
have been given when delivered in person or by confirmed facsimile, by overnight delivery through a commercial courier service, or posted by certified mail, return receipt requested, to the following address (or such other address as a party may
specify by written notice to the other): if to the Administrator or the Company: THL Credit Advisors LLC., 100 Federal Street, 31st Floor, Boston, MA 02110, Attn: Terrence W. Olson, fax: 877-494-9096 ; if to the Sub-Administrator: State Street Bank
and Trust Company, P.O. Box 5049, Boston, MA 02206-5049, Attn: Fund Administration Legal Department, fax: 617-662-3805. 
  

	15.	NON-ASSIGNABILITY 

This Agreement shall not be assigned by a party hereto without the prior consent in writing of the other parties, except that the
Sub-Administrator may assign this Agreement to a successor of all or a substantial portion of its business, or to a party controlling, controlled by or under common control with the Sub-Administrator. 

 

	16.	SUCCESSORS 

This Agreement shall be binding on and shall inure to the benefit of the Administrator, the Company and the Sub-Administrator and their
respective successors and permitted assigns. 
  

	17.	ENTIRE AGREEMENT 

This Agreement contains the entire understanding among the parties hereto with respect to the subject matter hereof and supersedes all
previous representations, warranties or commitments regarding the services to be performed hereunder whether oral or in writing. 
  

	18.	WAIVER 

The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver nor
shall it deprive such party of the right thereafter to insist upon strict adherence to that term or any term of this Agreement. Any waiver must be in writing signed by the waiving party. 

 

 9 

 Execution Copy 

 

	19.	SEVERABILITY 

If any provision of this Agreement is invalid or unenforceable, the balance of the Agreement shall remain in effect, and if any provision
is inapplicable to any person or circumstance it shall nevertheless remain applicable to all other persons and circumstances. 
  

	20.	GOVERNING LAW 

This Agreement shall be construed and the provisions thereof interpreted under and in accordance with the laws of The Commonwealth of
Massachusetts. 
  

	21.	REPRODUCTION OF DOCUMENTS 

This Agreement and all schedules, exhibits, attachments and amendments hereto may be reproduced by any photographic, xerographic,
photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties hereto all/each agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding,
whether or not the original is in existence and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in
evidence. 
  

	22.	COUNTERPARTS 

This Agreement may be executed by the parties hereto on any number of counterparts, and all of said counterparts taken together shall be
deemed to constitute one and the same instrument. 
  

 10 

 Execution Copy 

 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by
their officers designated below as of the date first written above. 
  

													
	THL CREDIT, INC.	 		 	THL CREDIT ADVISORS LLC
					
	By:	 	 /s/ Terrence W. Olson
	 		 	By:	 	 /s/ James K. Hunt

		 	Name:	 	Terrence W. Olson	 		 		 	Name:	 	James K. Hunt
		 	Title:	 	COO & CFO	 		 		 	Title:	 	CEO
					
	STATE STREET BANK AND TRUST COMPANY	 		 		 		 	
						
	By:	 	 /s/ Joseph C. Antonellis
	 		 		 		 	
		 	Name:	 	Joseph C. Antonellis	 		 		 		 	
		 	Title:	 	Vice Chairman	 		 		 		 	

  

 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]