Document:

Exhibit 4.7

 

WARRANT AGENCY AGREEMENT

 

This WARRANT AGENCY AGREEMENT
(this “Warrant Agreement”) is dated as of July ___, 2022 between Nocera, Inc., a Nevada corporation (the “Company”),
and Mountain Share Transfer, Inc., a Georgia corporation (the “Warrant Agent”).

 

WHEREAS, pursuant to the terms
of that certain Underwriting Agreement (“Underwriting Agreement”), dated July ____, 2022, by and between the Company and Spartan
Capital Securities, LLC and Revere Securities, LLC, as the representatives of the underwriters set forth on Schedule I thereto (the “Underwriters”),
the Company is engaged in a public offering (the “Offering”) of up to 2,702,500 units (“Units”),
each Unit consisting of (i) one share (“Share”) of common stock, par value $0.001 per share (the “Common Stock”)
and (ii) one warrant (“Warrant”) exercisable for two (2) shares of Common Stock of the Company (the “Warrant
Shares”), including 325,500 Units issuable upon the over-allotment option granted to the underwriters to any cover over-allotments,
if any.

 

WHEREAS, the Company filed
with the Securities and Exchange (the “Commission”) a Registration Statement on Form S-1 (File No. 333-264059), as
amended (the “Registration Statement”), for the registration under the Securities Act of 1933, as amended (the “Securities
Act”), of the Shares, Warrants and Warrant Shares and the Registration Statement was declared effective by the Commission on
July___, 2022.

 

WHEREAS, the Company desires
the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in accordance with the terms set forth
in this Warrant Agreement in connection with the issuance, registration, transfer, exchange, and exercise of the Warrants;

 

WHEREAS, the Company desires
to provide for the provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation
of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

 

WHEREAS, all acts and things
have been done and performed which are necessary to make the Warrants the valid, binding, and legal obligations of the Company, and to
authorize the execution and delivery of this Warrant Agreement.

 

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

 

		1.	Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for
the Company with respect to the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance
with the express terms and conditions set forth in this Warrant Agreement (and no duties or obligations shall be inferred or implied).

 

		2.	Warrants. The Warrant Agent shall serve as warrant agent for all existing classes of warrants,
and any classes of warrants that may be created in the future.

 

		2.1	Form of Warrants. The Warrants shall be registered securities and shall be initially evidenced
by a global Warrant certificate (“Global Certificate”) in the form of Annexes A through D to this Warrant Agreement.
The Warrants and Warrant Shares may, at the election of the holder of the Warrant, be deposited on behalf of the Company with a custodian
for The Depository Trust Company (“DTC”) and registered in the name of Cede & Co., a nominee of DTC. If DTC subsequently
ceases to make its settlement system available for the Warrants, the Company may instruct the Warrant Agent regarding making arrangements
for book-entry settlement. In the event that the Warrants are not eligible for, or it is no longer necessary to have the Warrants available
in, registration in the name of Cede & Co., a nominee of DTC, the Company may instruct the Warrant Agent to provide written instructions
to DTC to deliver to the Warrant Agent for cancellation the Global Certificate, and the Company shall instruct the Warrant Agent to deliver
to each Holder (as defined below) separate certificates evidencing Warrants (“Definitive Certificates” and, together
with the Global Certificate, “Warrant Certificates”), in the form of Annex C to this Warrant Agreement. The
Warrants represented by the Global Certificate are referred to as “Global Warrants.”

  

 

    	 	 	 

     

    

 

Warrant Agency Agreement

 

		2.2.	Issuance and Registration of Warrants.
	 	 	 
	 	2.2.1.	Warrant Register. The Warrant Agent shall maintain books (“Warrant
                              Register”) for the registration of original issuance and the registration of transfer of the
                              Warrants. Any Person in whose name ownership of a beneficial interest in the Warrants evidenced by a Global
                              Certificate is recorded in the records maintained by DTC or its nominee shall be deemed the “beneficial
                              owner” thereof, provided that all such beneficial interests shall be held through a Participant (as
                              defined below), which shall be the registered holder of such Warrants.
	 	 	 
	 	2.2.2.	Issuance of Warrants. Upon the initial issuance of the Warrants,
                              the Warrant Agent shall issue the Global Certificate and deliver the Warrants in the DTC settlement system
                              in accordance with written instructions delivered to the Warrant Agent by the Company. Ownership of beneficial
                              interests in the Warrants shall be shown on, and the transfer of such ownership shall be effected through,
                              records maintained by (i) DTC and (ii) institutions that have accounts with DTC (each, a “Participant”),
                              subject to a Holder’s right to elect to receive a Warrant in certificated form in the form of Annex
                              C to this Warrant Agreement. Any Holder desiring to elect to receive a Warrant in certificated form
                              shall make such request in writing delivered to the Warrant Agent pursuant to Section 2.2.8, and shall
                              surrender to the Warrant Agent the interest of the Holder on the books of the Participant evidencing the
                              Warrants which are to be represented by a Definitive Certificate through the DTC settlement system. Thereupon,
                              the Warrant Agent shall countersign and deliver to the person entitled thereto a Warrant Certificate or
                              Warrant Certificates, as the case may be, as so requested.
	 	 	 
	 	2.2.3.	Beneficial Owner; Holder. Prior to due presentment for registration
                              of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name
                              that Warrant shall be registered on the Warrant Register (the “Holder,” which term shall
                              include a Holder’s transferees, successors and assigns and a “Holder” shall include,
                              if the Warrants are held in “street name,” a Participant or a designee appointed by such Participant)
                              as the absolute owner of such Warrant for purposes of any exercise thereof, and for all other purposes,
                              and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Notwithstanding
                              the foregoing, nothing herein shall prevent the Company, the Warrant Agent, or any agent of the Company
                              or the Warrant Agent from giving effect to any written certification, proxy, or other authorization furnished
                              by DTC governing the exercise of the rights of a holder of a beneficial interest in any Warrant. The rights
                              of beneficial owners in a Warrant evidenced by the Global Certificate shall be exercised by the Holder
                              or a Participant through the DTC system, except to the extent set forth herein or in the Global Certificate.
	 	 	 
	 	2.2.4.	Execution. The Warrant Certificates shall be executed on behalf
                              of the Company by any authorized officer of the Company (an “Authorized Officer”), which
                              need not be the same authorized signatory for all of the Warrant Certificates, either manually or by facsimile
                              signature. The Warrant Certificates shall be countersigned by an authorized signatory of the Warrant Agent,
                              which need not be the same signatory for all of the Warrant Certificates, and no Warrant Certificate shall
                              be valid for any purpose unless so countersigned. In case any Authorized Officer of the Company that signed
                              any of the Warrant Certificates ceases to be an Authorized Officer of the Company before countersignature
                              by the Warrant Agent and issuance and delivery by the Company, such Warrant Certificates, nevertheless,
                              may be countersigned by the Warrant Agent, issued and delivered with the same force and effect as though
                              the person who signed such Warrant Certificates had not ceased to be such officer of the Company; and any
                              Warrant Certificate may be signed on behalf of the Company by any person who, at the actual date of the
                              execution of such Warrant Certificate, shall be an Authorized Officer of the Company authorized to sign
                              such Warrant Certificate, although at the date of the execution of this Warrant Agreement any such person
                              was not such an Authorized Officer.

 

 

 

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		2.2.5.	Registration of Transfer. At any time at or prior to the Expiration Date (as defined below), a transfer of any Warrants may be registered and any
Warrant Certificate or Warrant Certificates may be split up, combined or exchanged for another Warrant Certificate or Warrant Certificates
evidencing the same number of Warrants as the Warrant Certificate or Warrant Certificates surrendered. Any Holder desiring to register
the transfer of Warrants or to split up, combine or exchange any Warrant Certificate shall make such request in writing delivered to the
Warrant Agent, and shall surrender to the Warrant Agent the Warrant Certificate or Warrant Certificates evidencing the Warrants the transfer
of which is to be registered or that is or are to be split up, combined or exchanged. Thereupon, the Warrant Agent shall countersign and
deliver to the person entitled thereto a Warrant Certificate or Warrant Certificates, as the case may be, as so requested. The Warrant
Agent may require reasonable and customary payment, with respect to a registration of transfer of Warrants or a split-up, combination
or exchange of a Warrant Certificate (but, for purposes of clarity, not upon the exercise of the Warrants and issuance of Warrant Shares
to the Holder), of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with such registration of
transfer, split-up, combination or exchange, together with reimbursement to the Warrant Agent of all reasonable expenses incidental thereto.
All such fees and expenses shall be paid by the Company, and not by the Holder.

 

		2.2.6.	Loss,
Theft, and Mutilation of Warrant Certificates. Upon receipt by the Company and the Warrant Agent of evidence reasonably satisfactory
to them of the loss, theft, destruction, or mutilation of a Warrant Certificate, and, in case of loss, theft or destruction, of indemnity
or security in customary form and amount, and reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental
thereto, and upon surrender to the Warrant Agent and cancellation of the Warrant Certificate if mutilated, the Warrant Agent shall, on
behalf of the Company, countersign and deliver a new Warrant Certificate of like tenor to the Holder in lieu of the Warrant Certificate
so lost, stolen, destroyed, or mutilated. The Warrant Agent may charge the Holder an administrative fee for processing the replacement
of lost Warrant Certificates, which shall be charged only once in instances where a single surety bond obtained covers multiple certificates.
The Warrant Agent may receive compensation from the surety companies or surety bond agents for administrative services provided to them.

 

		2.2.7.	Proxies. The Holder of a Warrant may grant proxies or otherwise authorize any person, including
the Participants and beneficial holders that may own interests through the Participants, to take any action that a Holder is entitled
to take under this Agreement or the Warrants; provided, however, that at all times that Warrants are evidenced
by a Global Certificate, exercise of those Warrants shall be effected on their behalf by Participants through DTC in accordance the procedures
administered by DTC.

 

		2.2.8.	Warrant Certificate Request. A Holder has the right to elect at any time or from time to time a
Warrant Exchange (as defined below) pursuant to a Warrant Certificate Request Notice (as defined below). Upon written notice by a Holder
to the Warrant Agent for the exchange of some or all of such Holder’s Global Warrants for a Definitive Certificate evidencing the
same number of Warrants, which request shall be in the form attached hereto as Annex E (a “Warrant Certificate Request
Notice” and the date of delivery of such Warrant Certificate Request Notice by the Holder, the “Warrant Certificate
Request Notice Date” and the deemed surrender upon delivery by the Holder of a number of Global Warrants for the same number
of Warrants evidenced by a Definitive Certificate, a “Warrant Exchange”), the Warrant Agent shall promptly effect the
Warrant Exchange and shall promptly issue and deliver to the Holder a Definitive Certificate for such number of Warrants in the name set
forth in the Warrant Certificate Request Notice. Such Definitive Certificate shall be dated the original issue date of the Warrants, shall
be manually executed by an authorized signatory of the Company, shall be in the form attached hereto as Annex C, and shall be reasonably
acceptable in all respects to such Holder. In connection with a Warrant Exchange, the Company agrees to deliver, or to direct the Warrant
Agent to deliver, the Definitive Certificate to the Holder within the earlier of (i) two Trading Days and (ii) the number of Trading Days
comprising the Standard Settlement Period of the Warrant Certificate Request Notice pursuant to the delivery instructions in the Warrant
Certificate Request Notice (“Warrant Certificate Delivery Date”). If the Company fails for any reason to deliver to
the Holder the Definitive Certificate subject to the Warrant Certificate Request Notice by the Warrant Certificate Delivery Date, the
Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares evidenced by such
Definitive Certificate (based on the VWAP (as defined in the Warrants) of the Common Stock on the Warrant Certificate Request Notice Date),
$10 per Business Day for each Business Day after such Warrant Certificate Delivery Date until such Definitive Certificate is delivered
or, prior to delivery of such Warrant Certificate, the Holder rescinds such Warrant Exchange. The Company covenants and agrees that, upon
the date of delivery of the Warrant Certificate Request Notice, the Holder shall be deemed to be the holder of the Definitive Certificate
and, notwithstanding anything to the contrary set forth herein, the Definitive Certificate shall be deemed for all purposes to contain
all of the terms and conditions of the Warrants evidenced by such Warrant Certificate and the terms of this Agreement, other than Sections
2.2.8 and 7.8 herein, shall not apply to the Warrants evidenced by the Definitive Certificate.

 

 

 

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Warrant Agency Agreement

 

For purposes of clarity,
if there is a conflict between the express terms of this Warrant Agreement and the Warrant certificate in the form of Annex C hereto
with respect to terms of the Warrants, the terms of the Warrant certificate shall govern and control.

 

		3.	Terms and Exercise of Warrants.

 

		3.1.	Exercise
Price. Each Warrant shall entitle the Holder, subject to the provisions of the applicable Warrant Certificate and of this Warrant
Agreement, to purchase from the Company the number of Common Stock stated therein, at the price state within the warrant certificate per
whole share, subject to the subsequent adjustments provided in Section 4 hereof. The term “Exercise Price” as
used in this Warrant Agreement refers to the price per share at which Common Stock may be purchased at the time a Warrant is exercised.

 

		3.2.	Duration of Warrants. Warrants may be exercised only during the period (“Exercise Period”)
commencing on the Issuance Date and terminating at 5:00 P.M., New York City time (the “close of business”) on
the expiration date stated within the warrant certificate (the “Expiration Date”). Each Warrant not exercised on or
before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Warrant Agreement
shall cease at the close of business on the Expiration Date.
	 	 	 
	 	3.3.	Exercise of Warrants.
	 	 	 
	 	3.3.1.	Exercise and Payment.

 

		(a)	Exercise of the purchase rights represented by a Warrant may be made, in whole or in part, at any time
or times during the Exercise Period by delivery to the Warrant Agent of the Notice of Exercise in the form annexed as Annex B hereto
(the “Notice of Exercise”). Within the earlier of (i) two Trading Days and (ii) the number of Trading Days comprising
the Standard Settlement Period following the date the Holder delivers the Notice of Exercise as aforesaid, the Holder shall deliver, in
accordance with the payment instructions in the Notice of Exercise, the aggregate Exercise Price for the shares specified in the applicable
Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank unless the cashless exercise procedure specified
in Section 3.3.6 below is specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall
any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required. Notwithstanding anything
herein to the contrary, the Holder shall not be required to physically surrender a Warrant Certificate to the Company until the Holder
has purchased all of the Warrant Shares available thereunder and the Warrant has been exercised in full, in which case, the Holder shall
surrender such Warrant to the Company for cancellation within three Trading Days of the date the final Notice of Exercise is delivered
to the Company. Partial exercises of a Warrant resulting in purchases of a portion of the total number of Warrant Shares available thereunder
shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable
number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and
the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one Business Day of receipt of such
notice. The Holder and any assignee, by acceptance of a Warrant, acknowledge and agree that, by reason of the provisions of this paragraph,
following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at
any given time may be less than the amount stated on the face thereof.

 

 

 

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Warrant Agency Agreement

 

Notwithstanding the foregoing in
this Section 3.3.1 a holder whose interest in a Warrant is a beneficial interest in certificate(s) representing such Warrant held in
registered form through DTC (or another established clearing corporation performing similar functions), shall effect exercises made pursuant
to this Section 3.3.1 by delivering to DTC (or such other clearing corporation, as applicable) the appropriate instruction form for exercise,
complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation, as applicable), subject
to a Holder’s right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in
which case this sentence shall not apply. Upon giving irrevocable instructions to its Participant to exercise Warrants, solely for purposes
of Regulation SHO, the holder whose interest in the Warrant is a beneficial interest shall be deemed to have exercised such Warrant,
notwithstanding when the applicable Warrant Shares are delivered to such holder.

  

		3.3.2.	Issuance of Warrant Shares. (a) The Warrant Agent shall, on the Trading Day following the date
of exercise of any Warrant, advise the Company, the transfer agent and registrar for the Company’s Common Stock, in respect of (i)
the number of Warrant Shares indicated on the Notice of Exercise as issuable upon such exercise with respect to such exercised Warrants;
(ii) the instructions of the Holder or Participant, as the case may be, provided to the Warrant Agent with respect to the delivery of
the Warrant Shares and the number of Warrants that remain outstanding after such exercise; and (iii) such other information as the Company
or such transfer agent and registrar shall reasonably request.

 

		(b)	The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the transfer agent
to the Holder by (1) crediting the account of the Holder’s or its designee’s balance account with DTC through its Deposit
or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system and either (A) there
is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares by Holder or (B)
this Warrant is being exercised via cashless exercise; or (2) if the Warrant Shares cannot be transmitted to the Holder via DWAC pursuant
to clause (1) above, or if specifically requested by the Holder in the applicable Notice of Exercise, by delivery of a book-entry position,
registered in the Company’s share register in the name of the Holder or its designee, in each case for the number of Warrant Shares
to which the Holder is entitled pursuant to such exercise to the address specified by the Holder in the Notice of Exercise by the date
that is the earlier of (i) two Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period after the delivery
to the Company of the Notice of Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery of the Notice
of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect
to which this Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, provided that payment of the aggregate
Exercise Price (other than in the case of a cashless exercise) is received within the earlier of (i) two Trading Days of and (ii) the
number of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the Company fails for
any reason to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company
shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise
(based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading
Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date
until such Warrant Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant
in the FAST program so long as the Warrants remain outstanding and exercisable. As used herein, “Standard Settlement Period”
means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect
to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

 

 

 

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Warrant Agency Agreement

 

		3.3.3.	Valid
Issuance. All Warrant Shares issued by the Company upon the proper exercise of a Warrant in conformity with this Warrant Agreement
shall be validly issued, fully paid, and non-assessable.
	 	 	 
	 	3.3.4.	No Fractional Exercise. No fractional Warrant Shares will be issued
                              upon the exercise of the Warrant. If, by reason of any adjustment made pursuant to Section 4, a Holder
                              would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the
                              Company shall, upon such exercise, round up to the nearest whole number of Warrant Shares to be issued
                              to such Holder.
	 	 	 
	 	3.3.5.	No Transfer Taxes. Issuance of Warrant Shares shall be made without
                              charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance
                              of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant
                              Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder;
                              provided, however, that in the event Warrant Shares are to be issued in a name other than
                              the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment
                              Form attached hereto duly executed by the Holder and the Company may require, as a condition thereto, the
                              payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall
                              pay all transfer agent fees required for same-day processing of any Notice of Exercise and all fees to
                              the Depository Trust Company (or another established clearing corporation performing similar functions)
                              required for same-day electronic delivery of the Warrant Shares.
	 	 	 
	 	3.3.6.	Restrictive Legend Events; Cashless Exercise Under Certain Circumstances.

 

		(i)	The Company shall use its commercially reasonable efforts to maintain the effectiveness of the Registration
Statement and the current status of the prospectus included therein or to file and maintain the effectiveness of another registration
statement and another current prospectus covering the Warrants and the Warrant Shares at any time that the Warrants are exercisable. The
Company shall provide to the Warrant Agent and each Holder prompt written notice of any time that the Company is unable to deliver the
Warrant Shares via DTC transfer or otherwise without restrictive legend because (A) the Commission has issued a stop order with respect
to the Registration Statement; (B) the Commission otherwise has suspended or withdrawn the effectiveness of the Registration Statement,
either temporarily or permanently; (C) the Company has suspended or withdrawn the effectiveness of the Registration Statement, either
temporarily or permanently; (D) the prospectus contained in the Registration Statement is not available for the issuance of the Warrant
Shares to the Holder; or (E) otherwise (each a “Restrictive Legend Event”). To the extent that the Warrants cannot
be exercised as a result of a Restrictive Legend Event, the Company shall, at the election of the Holder, which shall be given within
five days of receipt of such notice of the Restrictive Legend Event, either (A) rescind the previously submitted Election to Purchase
and the Company shall return all consideration paid by registered holder for such shares upon such rescission or (B) treat the attempted
exercise as a cashless exercise as described in paragraph (ii) below and refund the cash portion of the exercise price to the Holder.

 

		(ii)	If a Restrictive Legend Event has occurred, the Warrant may also be exercisable on a cashless basis. Notwithstanding
anything herein to the contrary, but without limiting the rights of a Holder to receive Warrant Shares on a “cashless exercise”
pursuant to this Section 3.3.6(b) or to receive cash payments pursuant to Section 3.3.2(b) and Section 3.3.8 herein, the Company shall
not be required to make any cash payments or net cash settlement to the Holder in lieu of delivery of the Warrant Shares. Upon a “cashless
exercise,” the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient (if such quotient would be
a positive number) obtained by dividing (A-B) (X) by (A), where:

 

 

 

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Warrant Agency Agreement

 

		(A) =	as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice
of Exercise if such Notice of Exercise is (1) both executed and delivered pursuant to Section 3.3.1(a) hereof on a day that is not a Trading
Day or (2) both executed and delivered pursuant to Section 3.3.1(a) hereof on a Trading Day prior to the opening of “regular trading
hours” (as defined in Rule 600(b)(68) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii)
at the option of the Holder, either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise
or (z) the Bid Price of the Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s
execution of the applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours” on a
Trading Day and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular trading
hours” on a Trading Day) pursuant to Section 3.3.1(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise
if the date of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section
3.3.1(a) hereof after the close of “regular trading hours” on such Trading Day;
	 	 	 
	 	(B) =	the Exercise Price of the Warrant,
as adjusted as set forth herein; and

 

		(X) =	the number of Warrant Shares that would be issuable upon exercise of the Warrant in accordance with the
terms of the Warrant if such exercise were by means of a cash exercise rather than a cashless exercise.

 

If the Warrant Shares are issued in such
a cashless exercise, the Company acknowledges and agrees that, in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares
shall take on the registered characteristics of the Warrants being exercised and the Company agrees not to take any position contrary
thereto. Upon receipt of an Election to Purchase for a cashless exercise, the Warrant Agent will promptly deliver a copy of the Election
to Purchase to the Company to confirm the number of Warrant Shares issuable in connection with the cashless exercise. The Company shall
calculate and transmit to the Warrant Agent in a written notice, and the Warrant Agent shall have no duty, responsibility, or obligation
under this section to calculate, the number of Warrant Shares issuable in connection with any cashless exercise. The Warrant Agent shall
be entitled to rely conclusively on any such written notice provided by the Company, and the Warrant Agent shall not be liable for any
action taken, suffered, or omitted to be taken by it in accordance with such written instructions or pursuant to this Warrant Agreement.
Notwithstanding anything herein to the contrary, on the Termination Date (as defined below), this Warrant shall be automatically exercised
via cashless exercise pursuant to this Section 3.3.6.

  

		3.3.7.	Disputes.
In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant Shares issuable
in connection with any exercise, the Company shall promptly deliver to the Holder the number of Warrant Shares that are not disputed.

 

 

 

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Warrant Agency Agreement

 

3.3.8        Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder, if
the Company fails to cause the transfer agent to transmit to the Holder the Warrant Shares in accordance with the provisions of Section
3.3.2(b) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by
its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, Common
Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise
(a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder’s
total purchase price (including brokerage commissions, if any) for the Common Stock so purchased exceeds (y) the amount obtained by multiplying
(1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times
(2) the price at which the sell order giving rise to such purchase obligation was executed; provided, however, that such
Holder provides reasonable evidence of the date and time of such sell order and such sell order occurred after the missed Warrant Share
Delivery Date and prior to the delivery of the related Warrant Shares, and (B) at the option of the Holder, either reinstate the portion
of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be
deemed rescinded) or deliver to the Holder the number of Common Stock that would have been issued had the Company timely complied with
its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of Common Stock with an aggregate sale price giving rise to such purchase obligation
of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder
shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the
Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies available
to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect
to the Company’s failure to timely deliver Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.
For the avoidance of doubt, except in the event of gross negligence or willful misconduct on its part, the Warrant Agent shall not be
liable for any failure of the Company to timely deliver Warrant Shares pursuant to this Section 3.3.8.

  

 

 

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Warrant Agency Agreement

 

3.3.9        Beneficial
Ownership Limitation. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise
any portion of a Warrant, pursuant to Section 3 or otherwise, to the extent that after giving effect to such issuance after exercise as
set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other Persons acting
as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution Parties”)),
would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).  For purposes of the foregoing sentence,
the number of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of Common
Stock issuable upon exercise of such Warrant with respect to which such determination is being made, but shall exclude the number of Common
Stock which would be issuable upon (i) exercise of the remaining, non-exercised portion of such Warrant beneficially owned by the Holder
or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or non-converted portion of any other
securities of the Company (including, without limitation, any other securities of the Company which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock
(“Common Share Equivalents”)) subject to a limitation on conversion or exercise analogous to the limitation contained
herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties.  Except as set forth in the preceding sentence,
for purposes of this Section 3.3.9, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) and the rules and regulations promulgated thereunder, it being acknowledged
by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange
Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation
contained in this Section 3.3.9 applies, the determination of whether a Warrant is exercisable (in relation to other securities owned
by the Holder together with any Affiliates and Attribution Parties) and of which portion of a Warrant is exercisable shall be in the sole
discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether
a Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and
of which portion of a Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have
no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated
above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For
purposes of this Section 3.3.9, in determining the number of outstanding Common Stock, a Holder may rely on the number of outstanding
Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed with the Commission, as the case may
be; (B) a more recent public announcement by the Company; or (C) a more recent written notice by the Company or the transfer agent setting
forth the number of Common Stock outstanding.  Upon the written request of a Holder, the Company shall within two Trading Days confirm
in writing (including by e-mail) to the Holder the number of Common Stock then outstanding.  In any case, the number of outstanding
Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including such Warrant,
by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants,
9.99%) of the number of Common Stock outstanding immediately after giving effect to the issuance of Common Stock issuable upon exercise
of a Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this
Section 3.3.9, provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of Common Stock outstanding immediately
after giving effect to the issuance of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section
3.3.9 shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day
after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this Section 3.3.9 to correct this paragraph (or any portion hereof) which may be defective
or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable
to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

 

 

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		4.	Adjustments.

	 	 	 
	 	4.1.	Adjustment upon Subdivisions or Combinations. If the Company, at any
                            time while the Warrants are outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions
                            on its Common Stock or any other equity or equity equivalent securities payable in Common Stock (which, for
                            avoidance of doubt, shall not include any Common Stock issued by the Company upon exercise of the Warrants);
                            (ii) subdivides outstanding Common Stock into a larger number of shares; (iii) combines (including by way
                            of reverse stock split) outstanding Common Stock into a smaller number of shares; or (iv) issues by reclassification
                            of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall
                            be multiplied by a fraction of which the numerator shall be the number of Common Stock and such other capital
                            stock of the Company (excluding treasury shares, if any) outstanding immediately before such event and of
                            which the denominator shall be the number of Common Stock and such other capital stock of the Company (excluding
                            treasury shares, if any) outstanding immediately after such event, and the number of shares issuable upon
                            exercise of each Warrant shall be proportionately adjusted such that the aggregate Exercise Price of such
                            Warrant shall remain unchanged. Any adjustment made pursuant to this Section 4.1 shall become effective immediately
                            after the record date for the determination of stockholders entitled to receive such dividend or distribution
                            and shall become effective immediately after the effective date in the case of a subdivision, combination,
                            or re-classification.
	 	 	 
	 	4.2.	Adjustment for Other Distributions.

 

		(a)	Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 4.1 above, if at
any time the Company grants, issues or sells any Common Share Equivalents or rights to purchase stock, warrants, securities, or other
property pro rata to the record holders of any class of Common Stock (the “Purchase Rights”), then the Holder will
be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of Common Stock acquirable upon complete exercise of a Warrant (without regard to any limitations on
exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a record is taken
for the grant, issuance, or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of Common
Stock are to be determined for the grant, issue or sale of such Purchase Rights (provided, however, to the extent that the Holder’s
right to participate in any such Purchase Right would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder
shall not be entitled to participate in such Purchase Right to such extent (or beneficial ownership of such Common Stock as a result of
such Purchase Right to such extent) and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if
ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

		(b)	Extraordinary Dividends. If the Company, at any time during the Exercise Period, shall pay a dividend
in cash, securities or other assets to all holders of Common Stock (or other shares of the Company’s capital stock into which the
Warrants are convertible), other than (i) as described in Sections 4.1, 4.2(a) or 4.3, or (ii) regular quarterly or other periodic dividends
(any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Exercise Price shall
be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the quotient of (1) the gross amount of
cash and/or fair market value (as determined by the Company’s Board of Directors, in good faith) of all securities or other assets
paid to the holders of Common Stock (or other shares of the Company’s capital stock into which the Warrants are convertible) in
respect of such Extraordinary Dividend divided by (2) the sum of the number of Common Stock (or other shares of the Company’s capital
stock into which the Warrants are exercisable) outstanding at the time of the Extraordinary Dividend plus the number of Common Stock then
issuable upon exercise of all outstanding Warrants, provided, that the Exercise Price shall not be reduced below zero.

   

 

 

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Warrant Agency Agreement

 

4.3.          Fundamental
Transaction. If, at any time while the Warrants are outstanding, (i) the Company, directly or indirectly, in one or more related transactions
effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly, effects any
sale, lease, license, assignment, transfer, conveyance, or other disposition of all or substantially all of its assets in one or a series
of related transactions, (iii) any, direct or indirect, purchase offer, tender offer, or exchange offer (whether by the Company or another
Person) is completed pursuant to which all holders of Common Stock are permitted to sell, tender, or exchange their shares for other securities,
cash or property and has been accepted by the holders of 50% or more of the outstanding Common Stock, (iv) the Company, directly or indirectly,
in one or more related transactions effects any reclassification, reorganization, or recapitalization of the Common Stock or any compulsory
share exchange pursuant to which all outstanding Common Stock are effectively converted into or exchanged for other securities, cash or
property, or (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement
or other business combination (including, without limitation, a reorganization, recapitalization, spin-off, or scheme of arrangement)
with another Person or group of Persons whereby such other Person or group acquires more than 50% of the outstanding Common Stock (not
including any Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons
making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental Transaction”),
then, upon any subsequent exercise of a Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been
issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction (without regard to any limitation in Section
3.3.9 on the exercise of a Warrant), the number of Common Stock of the successor or acquiring corporation or of the Company, if it is
the surviving corporation, and such amount of cash or any other consideration (collectively, the “Alternate Consideration”)
receivable as a result of such Fundamental Transaction by a holder of the number of Common Stock for which a Warrant is exercisable immediately
prior to such Fundamental Transaction (without regard to any limitation in Section 3.3.9 on the exercise of a Warrant). For purposes of
any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based
on the amount of Alternate Consideration issuable in respect of one Common Share in such Fundamental Transaction, and the Company shall
apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components
of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash, or property to be received
in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise
of a Warrant following such Fundamental Transaction. The Company shall cause any successor entity in a Fundamental Transaction in which
the Company is not the survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company
under the Warrants in accordance with the provisions of this Section 4.3 pursuant to written agreements prior to or during such Fundamental
Transaction. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so
that from and after the date of such Fundamental Transaction, the provisions of the Warrants referring to the “Company” shall
refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations
of the Company under the Warrants with the same effect as if such Successor Entity had been named as the Company therein.

 

The Company shall instruct the Warrant
Agent in writing (including by e-mail) to send by e-mail or by first class mail, postage prepaid, to each Holder, written notice of the
execution of any such amendment, supplement, or agreement with the Successor Entity. Any supplemented or amended agreement entered into
by the successor corporation or transferee shall provide for adjustments, which shall be as nearly equivalent as may be practicable to
the adjustments provided for in this Section 4.3. The Warrant Agent shall have no duty, responsibility or obligation to determine the
correctness of any provisions contained in such agreement or such notice, including but not limited to any provisions relating either
to the kind or amount of securities or other property receivable upon exercise of warrants or with respect to the method employed and
provided therein for any adjustments, and shall be entitled to rely conclusively for all purposes upon the provisions contained in any
such agreement. The provisions of this Section 4.3 shall similarly apply to successive reclassifications, changes, consolidations, mergers,
sales, and conveyances of the kind described above.

 

 

 

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Warrant Agency Agreement

 

		4.4.	Notices to Holder.

 

		(a)	Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision
of this Section 4, the Company shall promptly deliver to the Holder by facsimile or e-mail a notice setting forth the Exercise Price after
such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring
such adjustment. Provided, however, that the Company may satisfy this notice requirement in this Section 4.4(a) by filing such notice
with the Commission pursuant to a Current Report on Form 8-K, or, to the extent that the Company is no longer subject to the reporting
requirements of Section 13 or 15(d) of the Exchange Act, by posting such notice on the Company’s website.

 

		(b)	Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution
in whatever form) on the Common Stock; (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock; (C) the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase
any shares of capital stock of any class or of any rights; (D) the approval of any stockholders of the Company shall be required in connection
with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer of all
or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock are converted into other
securities, cash, or property; or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation, or winding up
of the affairs of the Company, then, in each case, the Company shall cause to be delivered by mail, facsimile, or e-mail to the Holder
at its last mailing address, facsimile number, or e-mail address as it shall appear upon the Warrant Register of the Company, at least
five calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record
is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the
date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants
are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected
to become effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to
exchange their Common Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale,
transfer, or share exchange; provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall not
affect the validity of the corporate action required to be specified in such notice. To the extent that any notice required to be provided
in this Warrant Agreement constitutes, or contains, material, non-public information regarding the Company or any of the Subsidiaries,
the Company shall simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K. Provided such notice occurs
within the Exercise Period, the Holder shall remain entitled to exercise this Warrant during the period commencing on the date of such
notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

 

		4.5.	Other Events. If any event occurs
                                            of the type contemplated by the provisions of Section 4.1 or 4.2 but not expressly provided
                                            for by such provisions (including, without limitation, the granting of stock appreciation
                                            rights, Adjustment Rights, phantom stock rights, or other rights with equity features to
                                            all holders of Common Stock for no consideration), then the Company's Board of Directors
                                            will, at its discretion and in good faith, make an adjustment in the Exercise Price and the
                                            number of Warrant Shares or designate such additional consideration to be deemed issuable
                                            upon exercise of a Warrant, so as to protect the rights of the registered Holder. No adjustment
                                            to the Exercise Price will be made pursuant to more than one sub-section of this Section
                                            4 in connection with a single issuance.

 

 

 

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Warrant Agency Agreement

 

4.6.          Notices
of Changes in Warrant. Upon every adjustment of the Exercise Price or the number of Warrant Shares issuable upon exercise of a Warrant,
the Company shall give written notice thereof (including by e-mail) to the Warrant Agent, which notice shall state the Exercise Price
resulting from such adjustment and the increase or decrease, if any, in the number of Warrant Shares purchasable at such price upon the
exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.
Upon the occurrence of any event specified in Sections 4.1 or 4.2, then, in any such event, the Company shall give written notice by mail,
e-mail or facsimile to each Holder, at the last address set forth for such holder in the Warrant Register, as of the record date or the
effective date of the event. Provided, however, that the Company may satisfy the notice requirement to Holders in this Section 4.6 by
filing such notice with the Commission pursuant to a Current Report on Form 8-K, or, to the extent that the Company is no longer subject
to the reporting requirements of Section 13 or 15(d) of the Exchange Act, by posting such notice on the Company’s website. Failure
to give such notice, or any defect therein, shall not affect the legality or validity of such event. The Warrant Agent shall be entitled
to rely conclusively on, and shall be fully protected in relying on, any certificate, notice or instructions provided by the Company with
respect to any adjustment of the Exercise Price or the number of shares issuable upon exercise of a Warrant, or any related matter, and
the Warrant Agent shall not be liable for any action taken, suffered or omitted to be taken by it in accordance with any such certificate,
notice or instructions or pursuant to this Warrant Agreement. The Warrant Agent shall not be deemed to have knowledge of any such adjustment
unless and until it shall have received written notice thereof (including by e-mail) from the Company.

 

5.             Restrictive
Legends; Fractional Warrants.

 

In the event that
a Warrant Certificate surrendered for transfer bears a restrictive legend, the Warrant Agent shall not register that transfer until the
Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the Warrants
must also bear a restrictive legend upon that transfer. The Warrant Agent shall not be required to effect any registration of transfer
or exchange which will result in the transfer of or delivery of a Warrant Certificate for a fraction of a Warrant.

 

6. Other Provisions
Relating to Rights of Holders of Warrants.

 

6.1. No
Rights as Stockholder. Except as otherwise specifically provided herein, a Holder, solely in its capacity as a holder of Warrants,
shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall
anything contained in this Warrant Agreement be construed to confer upon a Holder, solely in its capacity as the registered holder of
Warrants, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether
any reorganization, issue of stock, reclassification of share capital, consolidation, merger, conveyance or otherwise), receive notice
of meetings, receive dividends or subscription rights or rights to participate in new issues of shares, or otherwise, prior to the issuance
to the Holder of the Warrant Shares which it is then entitled to receive upon the due exercise of Warrants.

 

6.2. Reservation
of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued Common Stock that
will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Warrant Agreement.

 

 

 

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Warrant Agency
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7.             Concerning
the Warrant Agent and Other Matters.

 

		7.1.	Any instructions given to the Warrant Agent orally, as permitted by any provision of this Warrant Agreement,
shall be confirmed in writing (including by e-mail) by the Company as soon as practicable. The Warrant Agent shall not be liable or responsible
and shall be fully authorized and protected for acting, or failing to act, in accordance with any oral instructions which do not conform
with the written confirmation received in accordance with this Section 7.1.

 

		7.2.	(a) Whether or not any Warrants are exercised, for the Warrant Agent’s services as agent for the
Company hereunder, the Company shall pay to the Warrant Agent such fees as may be separately agreed between the Company and Warrant Agent
and the Warrant Agent’s out of pocket expenses in connection with this Warrant Agreement, including the reasonable fees and expenses
of the Warrant Agent’s counsel. While the Warrant Agent endeavors to maintain out-of-pocket charges (both internal and external)
at competitive rates, these charges may not reflect actual out-of-pocket costs, and may include handling charges to cover internal processing
and use of the Warrant Agent’s billing systems.

  

		(b)	No provision of this Warrant Agreement shall require Warrant Agent to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties under this Warrant Agreement or in the exercise of its
rights.

 

7.3.          As agent
for the Company hereunder, the Warrant Agent:

 

		(a)	shall have no duties or obligations other than those specifically set forth herein or as may subsequently
be agreed to in writing by the Warrant Agent and the Company;

 

		(b)	shall be regarded as making no representations and having no responsibilities as to the validity, sufficiency,
value, or genuineness of the Warrants or any Warrant Shares;

 

		(c)	shall not be obligated to take any legal action hereunder; if, however, the Warrant Agent determines to
take any legal action hereunder, and where the taking of such action might, in its judgment, subject or expose it to any expense or liability
it shall not be required to act unless it has been furnished with an indemnity reasonably satisfactory to it;

  

		(d)	may rely on and shall be fully authorized and protected in acting or failing to act upon any certificate,
instrument, opinion, notice, letter, telegram, telex, facsimile transmission, or other document or security delivered to the Warrant Agent
and believed by it to be genuine and to have been signed by the proper party or parties;

  

		(e)	shall not be liable or responsible for any recital or statement contained in the Registration Statement
or any other documents relating thereto;

 

		(f)	shall not be liable or responsible for any failure on the part of the Company to comply with any of its
covenants and obligations relating to the Warrants, including without limitation obligations under applicable securities laws;

 

 

 

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		(g)	may rely on and shall be fully authorized and protected in acting or failing to act upon the written,
telephonic, or oral instructions with respect to any matter relating to its duties as Warrant Agent covered by this Warrant Agreement
(or supplementing or qualifying any such actions) of officers of the Company, and is hereby authorized and directed to accept instructions
with respect to the performance of its duties hereunder from the Company or counsel to the Company, and may apply to the Company, for
advice or instructions in connection with the Warrant Agent’s duties hereunder, and the Warrant Agent shall not be liable for any
delay in acting while waiting for those instructions; any applications by the Warrant Agent for written instructions from the Company
may, at the option of the Warrant Agent, set forth in writing any action proposed to be taken or omitted by the Warrant Agent under this
Warrant Agreement and the date on or after which such action shall be taken or such omission shall be effective; the Warrant Agent shall
not be liable for any action taken by, or omission of, the Warrant Agent in accordance with a proposal included in such application on
or after the date specified in such application (which date shall not be less than five Business Days after the date such application
is sent to the Company, unless the Company shall have consented in writing to any earlier date) unless prior to taking any such action,
the Warrant Agent shall have received written instructions in response to such application specifying the action to be taken or omitted;

 

		(h)	may consult with counsel satisfactory to the Warrant Agent, including its in-house counsel, if any, and
the advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered, or omitted
by it hereunder in good faith and in accordance with the advice of such counsel;

 

		(i)	may perform any of its duties hereunder either directly or by or through nominees, correspondents, designees,
or subagents, and it shall not be liable or responsible for any misconduct or negligence on the part of any nominee, correspondent, designee,
or subagent appointed with reasonable care by it in connection with this Warrant Agreement;

 

		(j)	is not authorized, and shall have no obligation, to pay any brokers, dealers, or soliciting fees to any
person; and

 

		(k)	shall not be required hereunder to comply with the laws or regulations of any country other than the United
States of America or any political subdivision thereof.

 

		7.4.	(a) In the absence of gross negligence or willful or illegal misconduct on its part, the Warrant Agent
shall not be liable for any action taken, suffered, or omitted by it or for any error of judgment made by it in the performance of its
duties under this Warrant Agreement. Anything in this Warrant Agreement to the contrary notwithstanding, in no event shall the Warrant
Agent be liable for special, indirect, incidental, consequential, or punitive losses or damages of any kind whatsoever (including but
not limited to lost profits), even if the Warrant Agent has been advised of the possibility of such losses or damages and regardless of
the form of action. Any liability of the Warrant Agent will be limited in the aggregate to the amount of fees paid by the Company hereunder.
The Warrant Agent shall not be liable for any failures, delays or losses, arising directly or indirectly out of conditions beyond its
reasonable control including, but not limited to, acts of government, exchange or market ruling, suspension of trading, work stoppages
or labor disputes, fires, civil disobedience, riots, rebellions, storms, electrical or mechanical failure, computer hardware or software
failure, communications facilities failures including telephone failure, war, terrorism, insurrection, earthquakes, floods, acts of God,
or similar occurrences.

 

 

 

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Warrant Agency Agreement

 

		(b)	In the event any question or dispute arises with respect to the proper interpretation of the Warrants
or the Warrant Agent’s duties under this Warrant Agreement or the rights of the Company or of any Holder, the Warrant Agent shall
not be required to act and shall not be held liable or responsible for its refusal to act until the question or dispute has been judicially
settled (and, if appropriate, it may file a suit in interpleader or for a declaratory judgment for such purpose) by final judgment rendered
by a court of competent jurisdiction, binding on all persons interested in the matter which is no longer subject to review or appeal,
or settled by a written document in form and substance satisfactory to Warrant Agent and executed by the Company and each such Holder.
In addition, the Warrant Agent may require for such purpose, but shall not be obligated to require, the execution of such written settlement
by all the Holders and all other persons that may have an interest in the settlement.  

 

		7.5.	The Company covenants to indemnify the Warrant Agent and hold it harmless from and against any loss, liability,
claim or expense (“Loss”) arising out of or in connection with the Warrant Agent’s duties under this Warrant
Agreement, including the costs and expenses of defending itself against any Loss, unless such Loss shall have been determined by a court
of competent jurisdiction to be a result of the Warrant Agent’s gross negligence or willful misconduct.

 

		7.6.	Unless terminated earlier by the parties hereto, this Warrant Agreement shall terminate 90 days after
the earlier of the Expiration Date and the date on which no Warrants remain outstanding (the “Termination Date”). On
the Business Day following the Termination Date, the Warrant Agent shall deliver to the Company any entitlements, if any, held by the
Warrant Agent under this Warrant Agreement. The Warrant Agent’s right to be reimbursed for fees, charges and out-of-pocket expenses
as provided in this Section 7 shall survive the termination of this Warrant Agreement.

 

		7.7.	If any provision of this Warrant Agreement shall be held illegal, invalid, or unenforceable by any court,
this Warrant Agreement shall be construed and enforced as if such provision had not been contained herein and shall be deemed an Agreement
among the parties to it to the full extent permitted by applicable law.

 

		7.8.	The Company represents and warrants that (a) it is duly incorporated and validly existing under the laws
of its jurisdiction of incorporation; (b) the offer and sale of the Warrants and the execution, delivery and performance of all transactions
contemplated thereby (including this Warrant Agreement) have been duly authorized by all necessary corporate action and will not result
in a breach of or constitute a default under the articles of incorporation, bylaws or any similar document of the Company or any indenture,
agreement or instrument to which it is a party or is bound; (c) this Warrant Agreement has been duly executed and delivered by the Company
and constitutes the legal, valid, binding and enforceable obligation of the Company; (d) the Warrants will comply in all material respects
with all applicable requirements of law; and (e) to the best of its knowledge, there is no litigation pending or threatened as of the
date hereof in connection with the offering of the Warrants.

 

		7.9.	In the event of inconsistency between this Warrant Agreement and the descriptions in the Registration
Statement, as they may from time to time be amended, the terms of this Warrant Agreement shall control.

 

		7.10.	Set forth in Annex D hereto is a list of the names and specimen signatures of the persons
authorized to act for the Company under this Warrant Agreement (the “Authorized Representatives”). The Company shall,
from time to time, certify to you the names and signatures of any other persons authorized to act for the Company under this Warrant Agreement.

 

 

 

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		7.11.	Any notice, statement or demand authorized by this Warrant Agreement to be given or made by the Warrant
Agent or by the holder of any Warrant to or on the Company including, without limitation, any Notice of Exercise, shall be in writing
and delivered by e-mail, hand or sent by registered or certified mail or a nationally recognized overnight courier service, addressed
(until another address is filed in writing by the Company with the Warrant Agent) as set forth below and if to any holder any notice,
statement or demand shall be given to the last address set forth for such holder (if any) in the Warrant Register:

 

Nocera, Inc.

3F (Building B), No. 185, Sec 1

Datong Rd., Xizhi District

Taiwan, CN. 00000

Att.: Jeff Cheng

E-mail: jeffcheng@nocera.company

 

with a copy (which shall not constitute notice) to:

 

Carmel, Milazzo & Feil, LLP

55 West 39th Street

18th Floor

New York, NY. 10018

Attention: Ross Carmel, Esq.

Facsimile No.: (646) 838-1314

E-mail: rcarmel@cmfllp.com

 

Any notice, statement or demand
authorized by this Warrant Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent including,
without limitation, any Notice of Exercise, shall be in writing and delivered by e-mail, facsimile, hand or sent by registered or certified
mail a nationally recognized overnight courier service, addressed (until another address is filed in writing by the Warrant Agent with
the Company), as follows:

 

Mountain Share Transfer, Inc.

2030 Powers Ferry Rd. SE, Suite # 212

Atlanta, GA 30339

Facsimile No.: (404) 816-8830

Attention: Erik Nelson

E-mail: esn@mountainsharetransfer.com

 

 

 

    	 	17	 

     

    

 

Warrant Agency Agreement

 

Any notice or other communication
or deliveries hereunder shall be deemed given and effective on the earliest of (i) the time of transmission, if such notice or communication
is delivered via facsimile at the facsimile number or e-mail at the e-mail address set forth above in this Section 7.11 prior to 5:30
p.m. (New York City time) on any Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile number or e-mail at the e-mail address set forth in this Section 7.11 on a day that is not
a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the second Trading Day following the date of mailing,
if sent by U.S. nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required
to be given. Notwithstanding any other provision of this Warrant, where this Warrant provides for notice of any event to the Holder, if
this Warrant is held in global form by DTC (or any successor depositary), such notice shall be sufficiently given if given to DTC (or
any successor depositary) pursuant to the procedures of DTC (or such successor depositary), subject to a Holder’s right to elect
to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not
apply.

 

		7.12.	(a) This Warrant Agreement shall be governed by and construed in accordance with the laws of the State
of Nevada. All actions and proceedings relating to or arising from, directly or indirectly, this Warrant Agreement may be litigated in
courts located in the United States District Court for the Western District of Nevada. The Company hereby submits to the personal jurisdiction
of such courts and consents that any service of process may be made by certified or registered mail, return receipt requested, directed
to the Company at its address last specified for notices hereunder.

 

		(b)	This Warrant Agreement shall inure to the benefit of and be binding upon the successors and assigns of
the parties hereto. This Warrant Agreement may not be assigned, or otherwise transferred, in whole or in part, by either party without
the prior written consent of the other party, which the other party will not unreasonably withhold, condition or delay; except that (i)
consent is not required for an assignment or delegation of duties by Warrant Agent to any affiliate of Warrant Agent and (ii) any reorganization,
merger, consolidation, sale of assets or other form of business combination by Warrant Agent or the Company shall not be deemed to constitute
an assignment of this Warrant Agreement.

 

		(c)	No provision of this Warrant Agreement may be amended, modified, or waived, except in a written document
signed by both parties. The Company and the Warrant Agent may amend or supplement this Warrant Agreement without the consent of any Holder
for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or
changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable,
so long as such amendment or supplement shall not materially and adversely affect the interests of the Holders.  All other amendments
and supplements shall require the vote or written consent of Holders of at least 50.1% of the then outstanding Warrants; provided that
if any such amendment or supplement disproportionately and adversely affect the rights of a Holder compared to other Holders, the prior
written consent of such Holder shall also be required.

 

		7.13	Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may
be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of Warrant Shares upon the exercise of Warrants,
but the Company may require the Holders to pay any transfer taxes in respect of the Warrants or such shares. The Warrant Agent may refrain
from registering any transfer of Warrants or any delivery of any Warrant Shares unless or until the persons requesting the registration
or issuance shall have paid to the Warrant Agent for the account of the Company the amount of such tax or charge, if any, or shall have
established to the reasonable satisfaction of the Company and the Warrant Agent that such tax or charge, if any, has been paid. 
	 	 	 
	 	7.14	Resignation of Warrant Agent.

  

 

 

    	 	18	 

     

    

 

Warrant Agency Agreement

 

		7.14.1.	Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed,
may resign its duties, and be discharged from all further duties and liabilities hereunder after giving 30 days’ notice in writing
to the Company, or such shorter period of time agreed to by the Company. The Company may terminate the services of the Warrant Agent,
or any successor Warrant Agent, after giving 30 days’ notice in writing to the Warrant Agent or successor Warrant Agent, or such
shorter period of time as agreed to by the parties. If the office of the Warrant Agent becomes vacant by resignation, termination, or
incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company
shall fail to make such appointment within a period of 30 days after it has been notified in writing of such resignation or incapacity
by the Warrant Agent, then the Warrant Agent or any Holder may apply to any court of competent jurisdiction for the appointment of a successor
Warrant Agent at the Company’s cost. Pending appointment of a successor to such Warrant Agent, either by the Company or by such
a court, the duties of the Warrant Agent shall be carried out by the Company. Any successor Warrant Agent (but not including the initial
Warrant Agent), whether appointed by the Company or by such court, shall be a person organized and existing under the laws of any state
of the United States of America, in good standing, and authorized under such laws to exercise corporate trust powers and subject to supervision
or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers,
rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent
hereunder, without any further act or deed, and except for executing and delivering documents as provided in the sentence that follows,
the predecessor Warrant Agent shall have no further duties, obligations, responsibilities, or liabilities hereunder, but shall be entitled
to all rights that survive the termination of this Warrant Agreement and the resignation or removal of the Warrant Agent, including but
not limited to its right to indemnity hereunder. If for any reason it becomes necessary or appropriate or at the request of the Company,
the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant
Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent
the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in
and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

  

7.14.2. Notice
of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the
predecessor Warrant Agent and the transfer agent for the Common Stock not later than the effective date of any such appointment.

 

7.14.3. Merger
or Consolidation of Warrant Agent. Any person into which the Warrant Agent may be merged or converted or with which it may be consolidated
or any person resulting from any merger, conversion or consolidation to which the Warrant Agent shall be a party or any person succeeding
to the shareowner services business of the Warrant Agent or any successor Warrant Agent shall be the successor Warrant Agent under this
Warrant Agreement, without any further act or deed. For purposes of this Warrant Agreement, “person” shall mean any individual,
firm, corporation, partnership, limited liability company, joint venture, association, trust, or other entity, and shall include any successor
(by merger or otherwise) thereof or thereto.

 

8.             Miscellaneous
Provisions.

 

8.1.          Persons
Having Rights under this Warrant Agreement. Nothing in this Warrant Agreement expressed and nothing that may be implied from any
of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties
hereto and the Holders any right, remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation,
promise, or agreement hereof.

 

 

 

    	 	19	 

     

    

 

Warrant Agency
Agreement

 

8.2.          Examination
of the Warrant Agreement. A copy of this Warrant Agreement shall be available at all reasonable times at the office of the Warrant
Agent designated for such purpose for inspection by any Holder. Prior to such inspection, the Warrant Agent may require any such holder
to provide reasonable evidence of its interest in the Warrants.

 

8.3.          Counterparts.
This Warrant Agreement may be executed in any number of original, facsimile, or electronic counterparts and each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

8.4.          Effect
of Headings. The Section headings herein are for convenience only and are not part of this Warrant Agreement and shall not affect
the interpretation thereof.

 

		8.5	If a Warrant is held in global form through DTC (or any successor depositary), such Warrant is issued
subject to this Warrant Agent Agreement. To the extent any provision of a Warrant conflicts with the express provisions of this Warrant
Agent Agreement, the provisions of such Warrant shall govern and be controlling.

 

9.             Certain
Definitions.

 

As used herein,
the following terms shall have the following meanings:

 

		(i)	“Adjustment Right” means any right granted with respect to any securities issued in
connection with, or with respect to, any issuance, sale or delivery (or deemed issuance, sale or delivery in accordance with Section 4)
of Common Stock (other than rights of the type described in Section 4.2 and 4.3 hereof) that could result in a decrease in the net consideration
received by the Company in connection with, or with respect to, such securities (including, without limitation, any cash settlement rights,
cash adjustment or other similar rights) but excluding anti-dilution and other similar rights (including pursuant to Section 4.4 of this
Agreement).

 

		(ii)	“Bid Price” means, for any date, the price determined by the first of the following
clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the
time in question (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported
by Bloomberg (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is
not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or
OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock
are then reported on The Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most
recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock
as determined by an independent appraiser selected in good faith by the Holders of a majority of the Warrants then outstanding and reasonably
acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

		(ii)	“Business Day” means any day except any Saturday, any Sunday, any day which is a federal
legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law
or other governmental action to close.

  

 

 

    	 	20	 

     

    

 

Warrant Agency Agreement

 

		(iii)	“Trading Day” means any day on which the Common Stock are traded on the Trading Market,
or, if the Trading Market is not the principal trading market for the Common Stock, then on the principal securities exchange or securities
market in the United States on which the Common Stock are then traded, provided that “Trading Day” shall not include any day
on which the Common Stock are scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock are
suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in
advance the closing time of trading on such exchange or market, then during the hour ending at 4:00 P.M., New York City time).

 

		(iv)	“Trading Market” means the NYSE American, the Nasdaq Capital Market, the Nasdaq Global
Market, the Nasdaq Global Select Market, or the New York Stock Exchange (or any successors to any of the foregoing).

 

		(v)	“VWAP” means, for any date, the price determined by the first of the following clauses
that applies: (a) if the Common Stock are then listed or quoted on a Trading Market, the daily volume weighted average price of the Common
Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock are then listed or quoted as reported
by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or
OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on
OTCQB or OTCQX as applicable, (c) if the Common Stock are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the
Common Stock are then reported in the “Pink Open Market” published by OTC Markets Group, Inc. (or a similar organization or
agency succeeding to its functions of reporting prices), the most recent bid price per Common Share so reported, or (d) in all other
cases, the fair market value of a Common Share as determined by an independent appraiser selected in good faith by the holders of a majority
in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by
the Company.

 

 

 

    	 	21	 

     

    

 

Warrant Agency Agreement

 

 

IN WITNESS WHEREOF, this Warrant Agency Agreement
has been duly executed by the parties hereto as of the day and year first above written.

 

	
    Nocera, Inc.

     

     

     

     

    _________________________________

    Yin-Chieh Cheng,

    President & CEO
	
    Mountain Share Transfer, LLC, as warrant agent.

     

     

     

    _________________________________

    Erik Nelson,

    President

 

 

 

 

 

 

Annex A: Class A Form of Warrant Certificate

Annex B: Class B Form of Warrant Certificate

Annex C: Class C Form of Warrant Certificate

Annex
D: Class D Form of Warrant Certificate 

Annex E: Authorized Representatives

Annex F:Form of Warrant Certificate
Request Notice

 

 

 

 

 

 

 

 

    	 	22EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

CREDIT AGREEMENT 
 dated
as of July 15, 2022 
 among 

Athena Funding I LLC, 

as Borrower, 
 the
Lenders Referred to Herein, 
 Société Générale, 

as Administrative Agent, 

and 
 State Street Bank
and Trust Company, 
 as Collateral Agent, Collateral Administrator, Custodian 

and 
 Alter Domus (US)
LLC, 
 as Document Custodian 
  

 
  

 TABLE OF CONTENTS 

Page 
  

							
		
	 ARTICLE I
	  			
		
	 DEFINITIONS AND INTERPRETATION
	  			
			
	 Section 1.1
	 	Definitions	  	 	2	 
	 Section 1.2
	 	Accounting Terms and Determinations and UCC Terms	  	 	63	 
	 Section 1.3
	 	Assumptions and Calculations with respect to Collateral Loans	  	 	63	 
	 Section 1.4
	 	Cross-References; References to Agreements	  	 	66	 
	 Section 1.5
	 	Reference to Secured Parties	  	 	66	 
	 Section 1.6
	 	References to S&P	  	 	66	 
		
	 ARTICLE II
	  			
		
	 THE LOANS
	  			
	 Section 2.1
	 	The Commitments	  	 	67	 
	 Section 2.2
	 	Making of the Loans	  	 	67	 
	 Section 2.3
	 	Evidence of Indebtedness; Notes	  	 	68	 
	 Section 2.4
	 	Maturity of Loans	  	 	69	 
	 Section 2.5
	 	Interest Rates	  	 	69	 
	 Section 2.6
	 	Commitment Fees	  	 	70	 
	 Section 2.7
	 	Reduction of Commitments; Conversion; Prepayments	  	 	71	 
	 Section 2.8
	 	General Provisions as to Payments	  	 	74	 
	 Section 2.9
	 	Funding Losses	  	 	75	 
	 Section 2.10
	 	Computation of Interest and Fees	  	 	76	 
	 Section 2.11
	 	No Cancellation of Indebtedness	  	 	76	 
	 Section 2.12
	 	Increase of Commitment	  	 	76	 
		
	 ARTICLE III
	  			
		
	 CONDITIONS TO BORROWINGS
	  			
	 Section 3.1
	 	Effectiveness of Commitments	  	 	76	 
	 Section 3.2
	 	Initial Borrowings	  	 	79	 
	 Section 3.3
	 	Borrowings	  	 	81	 

  
 -i- 

							
		
	 ARTICLE IV
	  			
		
	 REPRESENTATIONS AND WARRANTIES OF THE BORROWER
	  			
			
	 Section 4.1
	 	Existence and Power; Consents	  	 	82	 
	 Section 4.2
	 	Power and Authority; Due Authorization; Execution and Delivery	  	 	82	 
	 Section 4.3
	 	No Violation	  	 	83	 
	 Section 4.4
	 	Litigation	  	 	83	 
	 Section 4.5
	 	Compliance with ERISA	  	 	83	 
	 Section 4.6
	 	Environmental Matters	  	 	84	 
	 Section 4.7
	 	Taxes	  	 	84	 
	 Section 4.8
	 	Full Disclosure	  	 	84	 
	 Section 4.9
	 	Solvency	  	 	85	 
	 Section 4.10
	 	Use of Proceeds; Margin Regulations	  	 	85	 
	 Section 4.11
	 	Governmental Approvals	  	 	85	 
	 Section 4.12
	 	Investment Company Act; Broker Dealer	  	 	85	 
	 Section 4.13
	 	Representations and Warranties in Loan Documents	  	 	85	 
	 Section 4.14
	 	Ownership of Assets	  	 	85	 
	 Section 4.15
	 	No Default	  	 	86	 
	 Section 4.16
	 	Labor Matters	  	 	86	 
	 Section 4.17
	 	Subsidiaries/Equity Interests; Sole Purpose; Separate Entity	  	 	86	 
	 Section 4.18
	 	Ranking	  	 	86	 
	 Section 4.19
	 	Representations Concerning Collateral	  	 	86	 
	 Section 4.20
	 	Ordinary Course	  	 	88	 
	 Section 4.21
	 	Compliance with Anti-Corruption Laws and Anti-Money Laundering Laws	  	 	89	 
	 Section 4.22
	 	Anti-Corruption Laws	  	 	89	 
	 Section 4.23
	 	Compliance with Sanctions	  	 	89	 
	 Section 4.24
	 	Reports Accurate	  	 	89	 
	 Section 4.25
	 	Compliance with Laws	  	 	90	 
	 Section 4.26
	 	Exchange Act Compliance; Regulations T, U and X	  	 	90	 
	 Section 4.27
	 	Collection Accounts; Payment Accounts; Custodian Accounts	  	 	90	 
		
	 ARTICLE V
	  			
		
	 AFFIRMATIVE AND NEGATIVE COVENANTS OF THE
BORROWER
	  			
			
	 Section 5.1
	 	Information	  	 	90	 
	 Section 5.2
	 	Payment of Obligations	  	 	94	 
	 Section 5.3
	 	Employees	  	 	94	 
	 Section 5.4
	 	Good Standing	  	 	94	 
	 Section 5.5
	 	Compliance with Laws	  	 	94	 
	 Section 5.6
	 	Inspection of Property, Books and Records; Audits; Etc.	  	 	94	 
	 Section 5.7
	 	Existence; Organizational Procedures	  	 	95	 
	 Section 5.8
	 	Subsidiaries; Equity Interest	  	 	95	 
	 Section 5.9
	 	Investments	  	 	96	 
	 Section 5.10
	 	Restriction on Fundamental Changes	  	 	96	 
	 Section 5.11
	 	ERISA	  	 	97	 
	 Section 5.12
	 	Liens	  	 	97	 
	 Section 5.13
	 	Business Activities	  	 	97	 
	 Section 5.14
	 	Fiscal Year; Fiscal Quarter	  	 	97	 

  
 -ii- 

							
	 Section 5.15
	 	Anti-Money Laundering and Anti-Corruption Laws; Sanctions Laws	  	 	97	 
	 Section 5.16
	 	Indebtedness	  	 	98	 
	 Section 5.17
	 	Use of Proceeds	  	 	98	 
	 Section 5.18
	 	Bankruptcy Remoteness; Separateness	  	 	98	 
	 Section 5.19
	 	Amendments, Modifications and Waivers to Collateral Loans	  	 	99	 
	 Section 5.20
	 	Hedging	  	 	100	 
	 Section 5.21
	 	Title Covenants	  	 	101	 
	 Section 5.22
	 	Further Assurances	  	 	102	 
	 Section 5.23
	 	Costs of Transfer Taxes and Expenses	  	 	102	 
	 Section 5.24
	 	Collateral Agent May Perform	  	 	102	 
	 Section 5.25
	 	Notice of Name Change	  	 	103	 
	 Section 5.26
	 	Delivery of Related Contracts	  	 	103	 
	 Section 5.27
	 	Delivery of Proceeds	  	 	103	 
	 Section 5.28
	 	Performance of Obligations	  	 	103	 
	 Section 5.29
	 	Limitation on Dividends	  	 	104	 
	 Section 5.30
	 	Renewal of Credit Estimates	  	 	104	 
	 Section 5.31
	 	Annual Rating Review	  	 	104	 
	 Section 5.32
	 	Amendment to Loan Documents	  	 	104	 
	 Section 5.33
	 	Transactions With Affiliates	  	 	104	 
	 Section 5.34
	 	Reports by Independent Accountants	  	 	105	 
	 Section 5.35
	 	Tax Matters as to the Borrower	  	 	106	 
	 Section 5.36
	 	Pool Concentrations	  	 	106	 
	 Section 5.37
	 	Beneficial Ownership Certification	  	 	106	 
	 Section 5.38
	 	Deposit of Misdirected Collections	  	 	107	 
	 Section 5.39
	 	Instructions Regarding Payments	  	 	107	 
	 Section 5.40
	 	Retention Letter	  	 	107	 
	 Section 5.41
	 	Post-Closing Rating	  	 	107	 
		
	 ARTICLE VI
	  			
		
	 EVENTS OF DEFAULT
	  			
	 Section 6.1
	 	Events of Default	  	 	109	 
	 Section 6.2
	 	Remedies	  	 	112	 
	 Section 6.3
	 	Additional Collateral Provisions	  	 	113	 
	 Section 6.4
	 	Application of Proceeds	  	 	117	 
	 Section 6.5
	 	Capital Contributions	  	 	118	 
		
	 ARTICLE VII
	  			
		
	 THE AGENTS
	  			
			
	 Section 7.1
	 	Appointment and Authorization	  	 	118	 
	 Section 7.2
	 	Agents and Affiliates	  	 	119	 
	 Section 7.3
	 	Actions by Agent	  	 	119	 
	 Section 7.4
	 	Delegation of Duties; Consultation with Experts	  	 	119	 

  
 -iii- 

							
	 Section 7.5
	 	Limitation of Liability of Agents	  	 	119	 
	 Section 7.6
	 	Indemnification	  	 	124	 
	 Section 7.7
	 	Credit Decision	  	 	124	 
	 Section 7.8
	 	Successor Agent	  	 	125	 
	 Section 7.9
	 	Erroneous Payments	  	 	126	 
	 Section 7.10
	 	Certain ERISA Matters	  	 	128	 
		
	 ARTICLE VIII
	  			
		
	 ACCOUNTS AND COLLATERAL
	  			
			
	 Section 8.1
	 	Collection of Money	  	 	130	 
	 Section 8.2
	 	Collection Account	  	 	131	 
	 Section 8.3
	 	Payment Account; Future Funding Reserve Account; Interest Reserve Account; Closing Expense Account	  	 	134	 
	 Section 8.4
	 	Custodial Account	  	 	137	 
	 Section 8.5
	 	Acquisition of Collateral Loans and Eligible Investments	  	 	139	 
	 Section 8.6
	 	Release of Security Interest in Sold Collateral Loans and Eligible Investments; Release of Security Interests Upon Termination	  	 	139	 
	 Section 8.7
	 	Method of Collateral Transfer	  	 	140	 
	 Section 8.8
	 	Continuing Liability of the Borrower	  	 	141	 
	 Section 8.9
	 	Reports	  	 	142	 
		
	 ARTICLE IX
	  			
		
	 APPLICATION OF MONIES
	  			
			
	 Section 9.1
	 	Disbursements of Funds from Payment Account	  	 	143	 
		
	 ARTICLE X
	  			
		
	 SALE OF COLLATERAL LOANS; ELIGIBILITY CRITERIA;
CONDITIONS TO SALES AND PURCHASES
	  			
			
	 Section 10.1
	 	Sale of Collateral Loans	  	 	147	 
	 Section 10.2
	 	Eligibility Criteria	  	 	150	 
	 Section 10.3
	 	Conditions Applicable to all Sale and Purchase Transactions	  	 	150	 
		
	 ARTICLE XI
	  			
		
	 CHANGE IN CIRCUMSTANCES
	  			
			
	 Section 11.1
	 	Temporary Disruption of Term SOFR	  	 	150	 
	 Section 11.2
	 	Illegality	  	 	151	 
	 Section 11.3
	 	Taxes	  	 	151	 
	 Section 11.4
	 	Increased Cost and Reduced Return	  	 	155	 
	 Section 11.5
	 	Replacement of Lenders	  	 	157	 

  
 -iv- 

							
		
	ARTICLE XII	  			
		
	MISCELLANEOUS	  			
			
	Section 12.1	 	Notices	  	 	159	 
	Section 12.2	 	No Waivers	  	 	160	 
	Section 12.3	 	Expenses; Indemnification	  	 	160	 
	Section 12.4	 	Sharing of Set-Offs	  	 	161	 
	Section 12.5	 	Amendments and Waivers	  	 	162	 
	Section 12.6	 	Successors and Assigns	  	 	164	 
	Section 12.7	 	Collateral; QP Status	  	 	166	 
	Section 12.8	 	Governing Law; Submission to Jurisdiction	  	 	166	 
	Section 12.9	 	Marshalling; Recapture	  	 	167	 
	Section 12.10	 	Counterparts; Integration; Effectiveness	  	 	167	 
	Section 12.11	 	Waiver of Jury Trial	  	 	167	 
	Section 12.12	 	Survival	  	 	168	 
	Section 12.13	 	Domicile of Loans	  	 	168	 
	Section 12.14	 	Limitation of Liability	  	 	168	 
	Section 12.15	 	Recourse; Non-Petition	  	 	168	 
	Section 12.16	 	Confidentiality	  	 	169	 
	Section 12.17	 	[Reserved]	  	 	170	 
	Section 12.18	 	Direction of Collateral Agent	  	 	170	 
	Section 12.19	 	Borrowings/Loans Made in the Ordinary Course of Business	  	 	170	 
	Section 12.20	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	170	 
	Section 12.21	 	PATRIOT Act	  	 	171	 
	Section 12.22	 	Severability	  	 	171	 
	Section 12.23	 	Electronic Signatures	  	 	171	 
		
	ARTICLE XIII	  			
		
	ASSIGNMENT OF CORPORATE SERVICES AGREEMENT AND SALE AND CONTRIBUTION AGREEMENT	  			
			
	Section 13.1	 	Assignment of Corporate Services Agreement and Sale and Contribution Agreement	  	 	172	 
		
	ARTICLE XIV	  			
		
	THE DOCUMENT CUSTODIAN	  			
			
	Section 14.1	 	The Document Custodian	  	 	174	 
	Section 14.2	 	Document Custodian Compensation	  	 	176	 
	Section 14.3	 	Limitation on Liability	  	 	177	 
	Section 14.4	 	Document Custodian Resignation	  	 	178	 

  
 -v- 

							
	 Section 14.5
	 	 Release of Documents
	  	 	178	 
	 Section 14.6
	 	 Return of Related Contracts
	  	 	179	 
	 Section 14.7
	 	 Access to Certain Documentation and Information Regarding the Related Contracts
	  	 	179	 
	 Section 14.8
	 	 Custodian Agent
	  	 	180	 
	 Section 14.9
	 	 Removal and Resignation
	  	 	180	 
		
	ARTICLE XV	  			
		
	QFC STAY RULES	  			
			
	 Section 15.1
	 	 Acknowledgement Regarding any Supported QFCs
	  	 	180	 

  
 -vi- 

 SCHEDULES AND EXHIBITS 
  

							
	 Schedule A
	  	 	—  	 	  	 Approved Appraisal Firms

	 Schedule B
	  	 	—  	 	  	 S&P Industry Classifications

	 Schedule C
	  	 	—  	 	  	 Closing Date Portfolio

	 Schedule D
	  	 	—  	 	  	 S&P Recovery Rate and Default Rate Tables

	 Schedule E
	  	 	—  	 	  	 [Reserved]

	 Schedule F
	  	 	—  	 	  	 [Reserved]

	 Schedule G
	  	 	—  	 	  	 Lender Commitment Amounts

			
	 Exhibit A
	  	 	—  	 	  	 Form of Note for Loans

	 Exhibit B
	  	 	—  	 	  	 Form of Notice of Borrowing

	 Exhibit C
	  	 	—  	 	  	 Form of Assignment and Assumption Agreement

	 Exhibit D
	  	 	—  	 	  	 Scope of Collateral Report

	 Exhibit E
	  	 	—  	 	  	 Scope of Payment Date Report

	 Exhibit F
	  	 	—  	 	  	 Scope of Asset-Level Reporting to Lenders

	 Exhibit G
	  	 	—  	 	  	 Form of Retention Letter

	 Exhibit H
	  	 	—  	 	  	 Form of Related Contract Document Request

	 Exhibit I
	  	 	—  	 	  	 Form of Tax Compliance Certificate

	 Exhibit J
	  	 	—  	 	  	 Form of Document Checklist

	 Exhibit K
	  	 	—  	 	  	 Authorized Representatives of Services Provider

	 Exhibit L
	  	 	—  	 	  	 Form of Prepayment/Commitment Reduction Notice

	 Exhibit M
	  	 	—  	 	  	 Form of Financial Statement Certificate of an Authorized Officer of the Borrower

pursuant to Section 5.1(b)

  

  
 -vii- 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT dated as of July 15, 2022 is entered into by and among ATHENA FUNDING I LLC, a Delaware limited liability company,
as Borrower, the Lenders party hereto from time to time, SOCIÉTÉ GÉNÉRALE, as Administrative Agent, STATE STREET BANK AND TRUST COMPANY, as Collateral Agent, Collateral Administrator and Custodian, and ALTER DOMUS (US)
LLC, as Document Custodian. 

W I T N E S 
S E T H: 
 WHEREAS, the Borrower desires that the Revolving Lenders make
Revolving Loans, on a revolving basis and the Term Lenders make Term Loans, in each case to the Borrower on the terms and subject to the conditions set forth in this Agreement, and each Lender is willing to make Loans to the Borrower on the terms
and subject to the conditions set forth in this Agreement; 
 WHEREAS, the proceeds of the Loans made by the Lenders to the Borrower shall
be used by the Borrower to acquire Collateral Loans and as otherwise specified in Section 5.17, all in accordance with the terms hereof. 

NOW, THEREFORE, the Borrower, the Lenders, the Administrative Agent, the Collateral Agent and the Document Custodian hereby agree as follows:

 GRANTING CLAUSE 
 To secure
the due and punctual payment and performance of all Obligations, howsoever created, arising or evidenced, whether now or hereafter existing, in accordance with the terms thereof, the Borrower hereby Grants to the Collateral Agent for the benefit of
the Secured Parties a security interest in all of the Borrower’s right, title and interest in and to the following (in each case, excluding any Margin Stock), whether now owned or hereafter acquired (collectively, the “Pledged
Collateral”): 
 (a) all Collateral Loans, all other loans and securities of the Borrower whether or not such loans
and securities constitute Collateral Loans, all Related Contracts and Collections with respect thereto, all collateral security granted under any Related Contracts, and all interests in any of the foregoing, whether now or hereafter existing; 

(b) (i) the Custodial Account and all Collateral which is delivered to the Collateral Agent pursuant to the terms hereof and
all payments thereon or with respect thereto, (ii) each of the other Covered Accounts and (iii) Eligible Investments or other investments (whether or not such investments constitute Eligible Investments) acquired with funds on deposit in
the Covered Accounts, and all income or Distributions from the investment of funds in the Covered Accounts; 

 (c) cash, Money, securities, reserves and other property now or at any time
in the possession of the Borrower or which is delivered to or received by the Collateral Agent or its bailee, agent or custodian by the Borrower or on behalf of the Borrower (including, without limitation, all Eligible Investments and other
investments with respect to any Collateral or proceeds thereof); 
 (d) all liens, security interests, property or assets
securing or otherwise relating to any Collateral Loan, Eligible Investment, other investment, Collateral or any Related Contract (collectively, “Related Property”); 

(e) the Interest Hedge Agreements; 

(f) the Sale and Contribution Agreement; 

(g) the Corporate Services Agreement; 

(h) the Account Control Agreement; 

(i) all other accounts, chattel paper, deposit accounts, financial assets, general intangibles, instruments, investment
property, letter-of-credit rights and other supporting obligations relating to the foregoing (in each case as defined in the UCC); 

(j) all other tangible and intangible personal property whatsoever of the Borrower; and 

(k) all products, proceeds, rents and profits of any of the foregoing, all substitutions therefor and all additions and
accretions thereto (whether the same now exist or arise or are acquired), including, without limitation, proceeds of insurance policies insuring any or all of the foregoing, any indemnity or warranty payable by reason of loss or damage to or
otherwise in respect of any of the foregoing or any guaranty. 
 Except as set forth in the Priority of Payments, the Loans are secured by
the foregoing Grant equally and ratably without prejudice, priority or distinction between any Loan and any other Loan by reason of difference in time of borrowing or otherwise. 

ARTICLE I 
 DEFINITIONS
AND INTERPRETATION 
 Section 1.1 Definitions. 

The following terms, as used herein, have the following meanings: 

“ABR Borrowing” means the borrowing of an ABR Loan pursuant to Section 2.2. 

“ABR Loan” means a Loan that bears interest at a rate based on the Alternate Base Rate. 

  
 -2- 

 “Account Control Agreement” means the Account Control Agreement among the
Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof. 

“Act” has the meaning set forth in Section 8.4(c). 

“Administrative Agent” means Société Générale, in its capacity as administrative agent for the
Lenders hereunder, and its successors in such capacity. 
 “Administrative Agent Fee” has the meaning set forth in the Fee
Letter. 
 “Administrative Agent Fee Letter” means the letter agreement, dated as of the Closing Date, between the Borrower
and the Administrative Agent. 
 “Administrative Expenses” means, without duplication, fees, expenses (including
indemnities and other amounts under Section 12.3) and other amounts due or accrued with respect to any Quarterly Payment Date and any other date fixed for payment of such amounts (including, with respect to any Quarterly
Payment Date, any such amounts that were due and not paid on any prior Quarterly Payment Date) and payable in the following order by the Borrower to: 

(a) first, the Collateral Agent in respect of the Collateral Agent Fee and any fees owed to the Custodian, the
Collateral Administrator, the Securities Intermediary and the Document Custodian, and for the reimbursement of other reasonable and documented Administrative Expenses and disbursements incurred and payable hereunder to the Collateral Agent, the
Collateral Administrator, the Custodian, the Securities Intermediary and the Document Custodian under any Loan Documents, in accordance with the provisions of this Agreement; 

(b) second, the Administrative Agent in respect of the Administrative Agent Fee and for the reimbursement of reasonable
and documented expenses and disbursements incurred and payable hereunder by the Administrative Agent or the Lenders in accordance with the provisions of this Agreement; 

(c) third, on a pro rata basis, the following amounts (excluding indemnities) to the following parties: 

(i) first, to the Services Provider for the reimbursement of reasonable and documented expenses and disbursements
incurred by the Services Provider in accordance with the provisions of this Agreement and the Corporate Services Agreement, including any appraisal fees and any other
out-of-pocket expenses incurred in connection with the Collateral Loans and payable to third parties and including any amounts payable by the Services Provider in
connection with any advances made to protect or preserve rights against an Obligor or to indemnify an agent or representative for lenders pursuant to any Related Contracts (but excluding any Services Fee), and second, to the Borrower for the
reimbursement of reasonable and documented expenses and disbursements incurred by the Borrower in accordance with the provisions of this Agreement and the Corporate Services Agreement, including any out-of-pocket expenses incurred in connection with the Collateral Loans and payable to third parties and including any amounts payable by the Borrower in connection with any advances made to protect or
preserve rights against an Obligor or to indemnify an agent or representative for lenders pursuant to any Related Contracts; 

  
 -3- 

 (ii) Rating Agencies for fees and reasonable and documented expenses in
connection with any rating of the Loans or the Collateral Loans, including fees related to the obtaining of credit estimates by S&P and ongoing Rating Agency surveillance fees; 

(iii) any other Person in respect of any Indemnified Tax incurred on behalf of the Borrower; and 

(iv) any other Person in respect of any other fees or expenses expressly permitted under this Agreement and the documents
delivered pursuant to or in connection with this Agreement and the Loan Documents (including any expenses incurred by the Borrower in connection with the replacement of a Lender pursuant to Section 11.5); and 

(d) fourth, on a pro rata basis, indemnities payable to any Person permitted under this Agreement and the documents delivered
pursuant to or in connection with this Agreement and the Loan Documents not otherwise paid; 
 provided that Administrative Expenses shall not
include (i) any salaries of any employees of the Borrower (for the avoidance of doubt, the Borrower does not pay any salaries) (but Administrative Expenses may include any fees, reimbursements, indemnities, costs and expenses payable to the
directors, managers and/or independent directors or managers of the Borrower) or the Services Provider, (ii) any Increased Costs or (iii) any Services Fees. 

“Administrative Officer” means, (i) when used with respect to the Collateral Agent (or State Street Bank and Trust
Company in each of its capacities under the Loan Documents), any vice president, assistant vice president, treasurer, assistant treasurer, secretary, assistant secretary, trust officer, associate or any other officer of the Collateral Agent who
shall have direct responsibility for the administration of this Agreement or to whom any corporate trust matter is referred within the Corporate Trust Office, because of his or her knowledge of and familiarity with the particular subject and
(ii) when used with respect to the Administrative Agent, any authorized person within the office of the Administrative Agent at the address listed on the signature pages hereto, including any vice president, assistant vice president, officer,
assistant counsel of the Administrative Agent customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any matter is referred at such location because of his or her
knowledge of and familiarity with the particular subject. 
 “Administrative Questionnaire” means, with respect to each
Lender, an administrative questionnaire in the form prepared by the Administrative Agent and submitted to the Administrative Agent (with a copy to the Borrower) duly completed by such Lender. 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 

  
 -4- 

 “Affected Lender” means (i) a Lender (or a Participant in the Loans
held by any Lender hereunder) that is required to comply with Article 5 of the Securitisation Regulation or (ii) a financial institution which provides liquidity or credit support arrangements in connection with the Loans and which is required
to comply with Article 5 of the Securitisation Regulation. 
 “Affiliate” or “Affiliated” means, with
respect to any Person, (a) any other Person who, directly or indirectly, is in control of, or controlled by, or is under common control with, such Person or (b) any other Person who is a director, officer or employee of (i) such
Person, (ii) any subsidiary or parent company of such Person or (iii) any Person described in clause (a) above; provided that, solely for purposes of the definitions of “Collateral Loan” and “Concentration
Limitations”, the term “Affiliate” as used therein with respect to any Obligor shall not include any Affiliate relationship which may exist solely as a result of direct or indirect ownership of, or control by, a common Financial
Sponsor (except if any such Person or Obligor provides collateral under, guarantees or otherwise supports the obligations of the other such Person or Obligor). 

“Agents” means the Administrative Agent, the Custodian, the Document Custodian, the Collateral Agent, the Collateral
Administrator and the Securities Intermediary, and “Agent” means any of them. 
 “Aggregate Maximum Principal
Balance” means, when used with respect to all or a portion of the Collateral Loans, the sum of the Maximum Principal Balances of all or of such portion of such Collateral Loans. 

“Aggregate Participation Exposure” means, at any time, the Maximum Principal Balance of all Collateral Loans that are in the
form of Participation Interests (other than Closing Date Participations) owned by the Borrower at such time; 
 “Aggregate Principal
Balance” means, when used with respect to all or a portion of the Collateral Loans, the sum of the Principal Balances of all or of such portion of such Collateral Loans. 

“Agreement” means this Credit Agreement, including all amendments, modifications and supplements and any exhibits or
schedules to any of the foregoing, and shall refer to the Agreement as the same may be in effect at the time such reference becomes operative. 

“Alternate Base Rate” means, for any day, a rate equal to (i) the higher of (a) the Prime Rate in effect on such
day and (b) the Federal Funds Rate in effect on such day plus 1⁄2 of 1% per annum plus (ii) the Applicable Margin; provided that if
the Alternate Base Rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement. 

Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective from and including the
effective day of such change in the Prime Rate or the Federal Funds Rate, respectively. 
 “Anti-Corruption Laws” means any laws, rules and regulations of any jurisdiction applicable from time to time to the Borrower concerning bribery or corruption, including the United States Foreign Corrupt
Practices Act of 1977, (15 U.S.C. § 78dd-1, et seq.) and the U.K. Bribery Act 2010. 

  
 -5- 

 “Anti-Money Laundering Laws” means any laws, rules and regulations
applicable from time to time to the Borrower relating to money laundering or terrorist financing. 
 “Applicable Law”
means, as to any Person, all applicable Laws binding upon such Person or to which such a Person is subject. 
 “Applicable Lending
Office” means, with respect to any Lender, the office or offices designated as its “Lending Office” opposite its name in the signature pages hereto or such other office of such Lender as such Lender may from time to time specify
in writing to the Borrower and the Administrative Agent. 
 “Applicable Margin” means 2.75% per annum. 

“Applicable Rate” means, subject to Section 2.5(b), the sum of (x) the applicable Benchmark
rate for such Loan plus (y) the Applicable Margin. 
 “Appraisal” means, with respect to any Collateral Loan,
an appraisal of either (A) such Collateral Loan or (B) the assets securing such Collateral Loan, in each case, that is conducted by an Approved Appraisal Firm on the basis of the fair market value of such Collateral Loan or such assets
(that is, the price that would be paid by a willing buyer to a willing seller of such Collateral Loan or such assets in a commercially reasonable sale on an arm’s-length basis). Any Appraisal required
hereunder (i) may be in the form of an update or reaffirmation by an Approved Appraisal Firm of an Appraisal previously performed by an Approved Appraisal Firm and (ii) shall be provided within five Business Days following completion of
such appraisal to the Collateral Agent for purposes of the Collateral Report. 
 “Appraised Value” means, with respect to
any Collateral Loan, the Appraisal value (determined in Dollars, and which, if Appraisals for both of the following are available, clause (a) below shall govern) of either (a) such Collateral Loan or (b) the assets securing such
Collateral Loan, net of estimated costs of their liquidation as determined by the applicable Approved Appraisal Firm, in each case as set forth in the related Appraisal or, if a range of values is set forth therein, the midpoint of such values;
provided that (i) the Appraised Value of any Collateral Loan shall in no case be greater than its Maximum Principal Balance and (ii) in the case of clause (b), if the Borrower owns less than 100% of the total lenders’ interests
secured by the assets securing any Collateral Loan or has sold participation interests in such Collateral Loan, then the Appraised Value with respect to such Collateral Loan will be reduced to reflect the proportionate interests of all other lenders
or participants secured by such assets (taking into account the relative seniority of all such lenders and participants) that rank pari passu with or senior to (including with respect to liquidation) the Borrower’s interest under the Collateral
Loan. 
 “Approved Appraisal Firm” means those entities whose names are set forth on Schedule A, and any additional
entity designated from time to time by the Services Provider (i) that is an independent appraisal firm recognized as being experienced in conducting valuations of loans of the type constituting Collateral Loans, and (ii) that the Borrower
or the Services Provider determines, in accordance with the Servicing Standard, is qualified with respect to each Collateral 

  
 -6- 

 
Loan. In connection with such designation, the Borrower or the Services Provider shall deliver an updated Schedule A to the Administrative Agent, which updated Schedule A shall replace
any previous Schedule A. Notwithstanding the foregoing, at no time may the Borrower, the Services Provider or any Affiliate thereof be an Approved Appraisal Firm. 

“Approved Foreign Jurisdiction” means each of Canada, any Group I Country, any Group II Country or any
Group III Country; provided that each such country has a foreign currency issuer credit rating that is at least “AA” by Standard & Poor’s at the time of acquisition of the related Collateral Loan. 

“Approved Indices” has the meaning assigned to such term in the definition of “Eligible Loan Index”. 

“Approved Purchaser” has the meaning set forth in Section 11.5(b). 

“Assignee” has the meaning set forth in Section 12.6(c). 

“Assignment and Assumption” means an Assignment and Assumption Agreement in substantially the form of Exhibit C hereto,
entered into by a Lender, an assignee, the Borrower (if applicable) and the Administrative Agent (if applicable). 
 “Assumed
Investment Rate” means, at any time, SOFR (or, if an Alternate Base Rate is in effect, such Alternate Base Rate) minus 0.50% per annum; provided that the Assumed Investment Rate shall not be less than 0.00%. 

“Authorized Officer” means: 

(a) with respect to each of the Borrower, the Services Provider, the Retention Holder and the Seller, those of its respective
officers, authorized representatives and agents whose signatures and incumbency shall have been certified to the Agents on the Closing Date pursuant to the documents delivered pursuant to Section 3.1 or thereafter from time
to time in substantially similar form; and 
 (b) with respect to either Agent or any other bank or trust company acting as
trustee of an express trust or as custodian, an Administrative Officer thereof. 
 Each party may receive and accept a certification of the
authority of any other party as conclusive evidence of the authority of any person to act, and such certification may be considered as in full force and effect until receipt by such other party of written notice to the contrary. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, the UK Bail-In Legislation. 

  
 -7- 

 “Bankruptcy Code” means Title 11 of the United States Code, entitled
“Bankruptcy”, as amended from time to time, and any successor statute or statutes. 
 “Bankruptcy Law” means the
Bankruptcy Code or any similar federal law or state law for the relief of debtors and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, arrangement, receivership, interim-receivership, insolvency, reorganization, winding-up or similar debtor relief applicable laws including any laws relating to the compromise or settlement of debt with
creditors or any class of them (including under corporate statutes) of the United States, states thereof or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Benchmark” means, Term SOFR; provided that if Term SOFR ceases to exist, then “Benchmark” means
Daily Simple SOFR or, if Daily Simple SOFR does not or ceases to exist, the Alternate Base Rate; provided further that if the “Benchmark” as determined pursuant to the above would be less than the Floor, the Benchmark will be
deemed to be the Floor for purposes of this Agreement. 
 “Beneficial Ownership Certification” means a certification
regarding beneficial ownership as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation”
means 31 C.F.R. § 1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined
in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of
Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party. 
 “Bond” means an obligation that (a) constitutes borrowed money and
(b) is in the form of, or represented by, a bond, note, certificated debt security or other debt security (other than any of the foregoing that evidences a Senior Secured Loan, a First Lien/Last Out Loan, a Second Lien Loan, or a Participation
Interest in a Senior Secured Loan, a First Lien/Last Out Loan, a Second Lien Loan). 
 “Borrower” means Athena Funding I
LLC, a Delaware limited liability company. 
 “Borrower Materials” is defined in
Section 12.16(c). 
 “Borrower Order” means a written order or request (which may be a standing
order or request) dated and signed in the name of the Borrower by an Authorized Officer of the Borrower or by an Authorized Officer of the Services Provider on behalf of the Borrower, which order or request may also be provided by email or other
electronic communication unless an Agent requests otherwise. 

  
 -8- 

 “Borrowing” means the borrowing of a Loan pursuant to
Section 2.2.  
 “Borrowing Date” means the date of a Borrowing. 

“Break-Even Default Rate” means, with respect to the Loans, the maximum
percentage of defaults, at any time, that the Current Portfolio or the Proposed Portfolio, as applicable, can sustain, as determined by S&P, through application of the S&P CDO Monitor chosen by the Services Provider in accordance with this
Agreement that is applicable to the portfolio of Collateral Loans, which, after giving effect to S&P’s assumptions on recoveries, defaults and timing and to the Priority of Payments, will result in sufficient funds remaining for the payment
of the Loans in full. 
 “Bridge Loan” means any loan or other obligation that (a) is unsecured and is incurred in
connection with a merger, acquisition, consolidation or sale of all or substantially all of the assets of a person or similar transaction and (b) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds
from additional borrowings or other refinancings (it being understood that any such loan or other obligation that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out
or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan). 

“Business Day” means 

(a) except to the extent provided in clause (b) below, any day except a Saturday, Sunday or a day on which commercial
banks in New York, New York or in the city in which the Corporate Trust Office of the Collateral Agent is located or the offices of the Document Custodian (initially being Chicago, Illinois) are authorized or required by law to close;
provided that if the location of the Corporate Trust Office of the Collateral Agent or the offices of the Document Custodian changes at any time, the Collateral Agent or the Document Custodian, as applicable, shall provide prompt written
notice of such change to the Borrower, the Administrative Agent and the Lenders; and 
 (b) in relation to Term SOFR Loans
and any interest rate setting, funding, disbursement, settlement or payment of any Term SOFR Loan, any day that is a U.S. Government Securities Business Day. 

“Calculation Date” means the date that is 10 Business Days prior to each Quarterly Payment Date. 

“Cash” means such coin or currency of the United States of America as at the time shall be legal tender for payment of all
public and private debts. 
 “CCC Collateral Loan” means a Collateral Loan (other than a Defaulted Loan) with an S&P
Rating of “CCC+” or lower. 

  
 -9- 

 “CCC Excess” means the amount equal to the excess of the Maximum Principal
Balance of all CCC Collateral Loans over an amount equal to 35% of the Total Capitalization as of such date of determination; provided that in determining which of the CCC Collateral Loans shall be included in the CCC Excess, the CCC
Collateral Loans with the lowest Market Value (expressed as a percentage of the Maximum Principal Balance of each such Collateral Loan as of such date of determination) shall be deemed to constitute such CCC Excess. 

“CCC Excess Adjustment Amount” means, as of any date of determination, an amount equal to the excess, if any, of (i) the
Aggregate Principal Balance of all CCC Collateral Loans included in the CCC Excess, over (ii) the sum of the Market Values of all CCC Collateral Loans included in the CCC Excess. 

“CFTC” means the Commodity Futures Trading Commission. 

“Change in Control” means the failure of the Parent to own 100% of the Equity Interests in the Borrower (other than nominal
interests). 
 “Closing Date” means July 15, 2022. 

“Closing Date Participation” means any Collateral Loan held in the form of a Participation Interest acquired by the Borrower
under the Sale and Contribution Agreement on the Closing Date. 
 “Closing Date Portfolio Condition” means the condition
that is satisfied if the pool of Collateral contains the Collateral Loans identified on Schedule C hereto. 

“Closing Expense Account” means the trust account established pursuant to Section 8.3(e). 

“CME Term SOFR Administrator” means CME Group Benchmark Administration Limited, as administrator of the forward-looking term
Secured Overnight Financing Rate (or any successor administrator thereof selected by the Administrative Agent in its reasonable discretion in consultation with the Borrower). 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” means the Pledged Collateral and all other property and/or rights on or in which a Lien is or is intended to be
granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement, any of the Loan Documents or any other instruments provided for herein or therein or delivered or to be delivered hereunder or thereunder or in
connection herewith or therewith. 
 “Collateral Administrator” means State Street Bank and Trust Company, in its capacity
as collateral administrator, and any successor thereto. 
 “Collateral Administrator Fee” means the fee payable to the
Collateral Administrator in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter. 

  
 -10- 

 “Collateral Agent” means State Street Bank and Trust Company, in its
capacity as collateral agent under this Agreement, and its successors in such capacity. 
 “Collateral Agent Fee” means the
fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter. 

“Collateral Agent Fee Letter” means the fee letter dated on or about the date hereof, between the Borrower, the Collateral
Agent, and the Collateral Administrator, as amended, restated, supplemented or otherwise modified from time to time. 
 “Collateral
Loan” means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of
acquisition by the Borrower meets each of the following criteria: 
 (a) (i) provides the Borrower (or an agent on
behalf of the applicable lenders with respect to such Collateral Loan) with a valid, perfected security interest in the collateral granted under the applicable Related Contracts at the level of priority indicated therein; constitutes the legal and
enforceable obligation of the applicable Obligor (except as enforceability may be limited by applicable insolvency, bankruptcy or other laws affecting creditors’ rights generally, or general principles of equity, whether such enforceability is
considered in a proceeding in equity or at law); (ii) is owned by the Borrower free and clear of adverse claims (other than Permitted Liens); (iii) may, under the applicable Related Contracts and Applicable Law, be pledged and assigned by
the Borrower to the Collateral Agent; (iv) with respect to which all steps required by Section 8.7 have been taken (or will be taken as soon as practicable) and in which the Collateral Agent holds (or will hold, once
the necessary steps are taken) a first-priority perfected security interest for the benefit of the Secured Parties; and (v) at the time such Collateral Loan was acquired, was not subject to set-off or defense (other than a discharge in the event of a subsequent bankruptcy) by the related Obligor and, together with the documentation relating thereto, does not contravene in any material respect any law,
rule or regulation applicable to the Borrower or the Services Provider; 
 (b) is governed by the law of a state of the
United States or the law of an Approved Foreign Jurisdiction; 
 (c) is an obligation of an Obligor Domiciled in the United
States (or any state thereof) or an Approved Foreign Jurisdiction; 
 (d) is not an obligation (other than a Revolving
Collateral Loan or a Delayed Funding Loan) pursuant to which any future advances or payments to the Obligor may be required to be made by the Borrower; 

(e) is not a Bond or any other type of debt security that is not a loan or a Participation Interest (other than a Senior
Secured Bond but not a Participation Interest therein), a Defaulted Loan, a Credit Risk Loan, a Synthetic Security, a Bridge Loan, a Structured Finance Obligation, an Equity Security, a Real Estate Loan, a letter of credit or a PIK Loan; 

  
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 (f) is not a Zero Coupon Loan, a finance lease or chattel paper; 

(g) is not subject to forfeiture of principal based on a material non-credit related
risk (such as the occurrence of a catastrophe), as reasonably determined by the Borrower, or the Services Provider in accordance with the Servicing Standard; 

(h) is not the subject of an Offer or called for redemption (except for any repayment under a Revolving Collateral Loan of
amounts that may be reborrowed thereunder pursuant to the applicable Related Contract); 
 (i) is denominated and payable in
Dollars (and is not convertible into, or payable in, any other currency); 
 (j) does not constitute Margin Stock; 

(k) provides for the full principal balance to be payable at or prior to the stated maturity thereof; 

(l) does not subject the Borrower to withholding tax unless the relevant Obligor is required to make “gross-up” payments or pay “additional amounts” in respect of, or otherwise compensate the Borrower for, the full amount of such withholding tax (except for customary excluded withholding taxes
imposed under FATCA); 
 (m) if such Collateral Loan is a Participation Interest (other than a Closing Date Participation),
then such Participation Interest is acquired from (i) a Selling Institution Domiciled under the laws of the United States (or any state thereof) or any U.S. branch of a Selling Institution Domiciled outside the United States or (ii) with
respect to Collateral Loans the Obligors of which are Domiciled in an Approved Foreign Jurisdiction, a Selling Institution Domiciled in an Approved Foreign Jurisdiction to the extent such Selling Institution satisfies the S&P Counterparty
Criteria; 
 (n) provides for payment of interest at least semi-annually; 

(o) will not cause the Borrower or the pool of assets to be required to be registered as an investment company under the
Investment Company Act; 
 (p) does not have an “L”, “p”, “prelim”, “sf” or
“t” subscript assigned by S&P; 
 (q) does not have an “sf” subscript assigned by Moody’s; 

(r) is Registered; 

(s) is not an obligation of an Obligor Affiliated with the Parent or the Services Provider; 

(t) has a rating from a Rating Agency; 

  
 -12- 

 (u) does not have an attached warrant to purchase an Equity Security;
provided that this clause (u) shall not exclude obligations originated with an attached warrant if the Borrower does not acquire such warrant or the right to exercise such warrant; 

(v) is not an obligation that matures after the Stated Maturity except for a Long Dated Loan subject to clause (k) of the
Concentration Limitations; and 
 (w) unless otherwise approved in writing by the Administrative Agent, the acquisition price
(exclusive of the portion thereof attributable to accrued interest) of such Collateral Loan paid by the Borrower therefor is not less than 75% of the Principal Balance thereof. 

“Collateral Quality Test” means a test that is satisfied if, as of any date of determination, in the aggregate, the
Collateral Loans owned (or in relation to a proposed acquisition of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated in each case in accordance with
Section 1.3: 
 (a) the Minimum Weighted Average S&P Spread Test; 

(b) the Minimum Weighted Average Lender Spread Test; 

(c) the Maximum Weighted Average Life Test; 

(d) the Minimum Weighted Average S&P Recovery Rate Test; 

(e) (i) in the case of Loans that have not been assigned a rating by S&P, the Weighted Average Rating Test or (ii) in
the case of Loans that have been assigned a rating by S&P, the S&P CDO Monitor Test; and 
 (f) the Minimum Weighted
Average Coupon Test. 
 “Collateral Report” has the meaning set forth in Section 5.1(h). 

“Collateral Report Determination Date” means the last calendar day of each calendar month. 

“Collection Account” means the trust account established pursuant to Section 8.2(a). 

“Collections” means, with respect to any Collateral, all principal payments, interest payments, fees and other payments
received by the Borrower with respect thereto and all other amounts paid with respect to such Collateral that are payable to the Borrower, including dividends of any type, distributions with respect thereto and any proceeds of collateral for, or any
guaranty of, such Collateral or the relevant Obligor’s obligation to make payments with respect thereto. 

“Commitment” means the Revolving Commitments and the Term Commitments. 

“Commitment Fee” has the meaning set forth in Section 2.6(a). 

  
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 “Commitment Period” means the period commencing on the Closing Date and
ending on the earliest of: 
 (a) the time at which the Commitments are terminated or reduced to zero as provided in this
Agreement (whether pursuant to Article II, Article VI or otherwise); and 

(b) the last day of the Reinvestment Period. 

“Commitment Reduction Amount” has the meaning set forth in Section 2.7(a)(ii). 

“Commitment Shortfall” means the amount by which (a) the aggregated Unfunded Amount exceeds (b) the sum of
(i) the Undrawn Commitment, plus (ii) amounts on deposit in the Collection Account, including Eligible Investments credited thereto, representing Principal Proceeds, plus (iii) amounts on deposit in the Future
Funding Reserve Account, including Eligible Investments credited thereto. 
 “Commodity Exchange Act” means the Commodity
Exchange Act of 1936, as amended. 
 “Concentration Limitations” means limitations that are satisfied if, as of
(i) the date of each acquisition of a debt obligation, (ii) each applicable Borrowing Date, and (iii) the date of a Permitted Parent Distribution, after giving effect to such distribution, any related prepayment of Loans from the
proceeds of such sale pursuant to Section 2.7(h), in the aggregate, the Maximum Principal Balance of the Collateral Loans owned (or, in relation to a proposed acquisition of a Collateral Loan, proposed to be owned) by the
Borrower comply with all of the requirements set forth below, calculated as a percentage of Total Capitalization (unless otherwise specified) and in each case in accordance with the procedures set forth in Section 1.3: 

(a) not more than 3.75% consist of obligations of any one Obligor (and Affiliates thereof); provided that, without
duplication, (x) up to two Obligors (and their respective Affiliates) may each constitute up to 7.0% and (y) up to five Obligors (and their respective Affiliates) may each constitute up to 5.0%; 

(b) not more than 40% consist of Recurring Revenue Loans; 

(c) not more than 10.0% consist of First Lien/Last Out Loan and Second Lien Loans; 

(d) not more than 10.0% consist of Senior Secured Bonds; 

(e) not more than 15.0% consist of Fixed Rate Obligations; 

(f) not more than 10.0% consist of Current Pay Obligations; 

(g) not more than 25.0% consist of Collateral Loans that permit the payment of interest to be made less frequently than
quarterly; 

  
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 (h) not more than 15.0% consist of Revolving Collateral Loans and the
unfunded portion of Delayed Funding Loans; 
 (i) (i) not more than 15.0% consist of Collateral Loans issued by Obligors
Domiciled in an Approved Foreign Jurisdiction, in the aggregate and (ii) not more than the percentage listed below may consist of Collateral Loans whose Obligors are Domiciled in the country or countries set forth opposite each such percentage:

  

					
	 % Limit
	 	 	 Country or Countries

	 	15.0%	 	 	all countries (in the aggregate) other than the United States;
	 	10.0%	 	 	Canada
	 	5.0%	 	 	all countries (in the aggregate) other than the United States, Canada and the United Kingdom;
	 	2.5%	 	 	any individual Group I Country;
	 	2.0%	 	 	all Group II Countries in the aggregate;
	 	2.0%	 	 	all Group III Countries in the aggregate;

 (j) not more than 35.0% consist of CCC Collateral Loans; 

(k) not more than 5.0% consist of Long Dated Loans; 

(l) not more than 25% consist of Collateral Loans with an Effective LTV above 50%; 

(m) not more than 10% consist of Cov-Lite Loans; and 

(n) (i) the Aggregate Participation Exposure is not more than 20% and (ii) as of the Closing Date, the Maximum Principal
Balance of all Closing Date Participations is not more than 65%. 
 “Connection Income Taxes” means Other Connection Taxes
that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Constituent Documents” means, in respect of any Person, the certificate or articles of formation or organization, the
limited liability company agreement, memorandum and articles of association, operating agreement, partnership agreement, joint venture agreement or other applicable agreement of formation or organization (or equivalent or comparable constituent
documents) and other organizational documents and by-laws and any certificate of incorporation, certificate of formation, certificate of limited partnership and other agreement, or similar instrument filed or
made in connection with its formation or organization, in each case, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. 

“Contingent Obligation” means, as to any Person, without duplication, (i) any contingent obligation of such Person
required to be shown on such Person’s balance sheet in accordance with GAAP, and (ii) any obligation of such Person required to be disclosed in the footnotes to such Person’s financial statements in accordance with GAAP, guaranteeing
partially or in whole any non-recourse Indebtedness, lease, dividend or other obligation, exclusive of 

  
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contractual indemnities (including, without limitation, any indemnity or price-adjustment provision relating to the purchase or sale of securities or other
assets) and guarantees of non-monetary obligations (other than guarantees of completion) which have not yet been called on or quantified, of such Person or of any other Person. The amount of any Contingent
Obligation described in clause (ii) shall be deemed to be (a) with respect to a guaranty of interest or interest and principal, or operating income guaranty, the sum of all payments required to be made thereunder (which in the case of an
operating income guaranty shall be deemed to be equal to the debt service for the note secured thereby), calculated at the applicable interest rate, through (i) in the case of an interest or interest and principal guaranty, the stated date of
maturity of the obligation (and commencing on the date interest could first be payable thereunder), or (ii) in the case of an operating income guaranty, the date through which such guaranty will remain in effect, and (b) with respect to
all guarantees not covered by the preceding clause (a), an amount equal to the stated or determinable amount of the primary obligation in respect of which such guaranty is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as recorded on the balance sheet and on the footnotes to the most recent financial statements of the Borrower required to be delivered pursuant to
Section 5.1 hereof. Notwithstanding anything contained herein to the contrary, guarantees of completion shall not be deemed to be Contingent Obligations unless and until a claim for payment or performance has been made
thereunder by the person entitled to performance or payment thereunder, at which time any such guaranty of completion shall be deemed to be a Contingent Obligation in an amount equal to any such claim. Subject to the preceding sentence, (i) in
the case of a joint and several guaranty given by such Person and another Person (but only to the extent such guaranty is directly or indirectly recourse to such Person), the amount of the guaranty, to the extent it is directly or indirectly
recourse to such Person, shall be deemed to be 100% thereof unless and only to the extent that such other Person has delivered Cash or cash equivalents to secure all or any part of such Person’s guaranteed obligations and (ii) in the case
of any other guaranty, (whether or not joint and several) of an obligation otherwise constituting Indebtedness of such Person, the amount of such guaranty shall be deemed to be only that amount in excess of the amount of the obligation constituting
Indebtedness of such Person. 
 “Conversion Date” means any date selected by the Majority Lenders (with written consent of
the Borrower and written notice to the Administrative Agent) for conversion of the applicable Revolving Loans into Term Loans. 

“Corporate Services Agreement” means the Corporate Services Agreement dated as of the date hereof between the Borrower and
the Services Provider, as amended from time to time in accordance with the terms hereof and thereof. 
 “Corporate Trust
Office” means the corporate trust office of the Collateral Agent currently located at 1776 Heritage Drive, North Quincy, MA 02171, Attention: Structured Trust & Analytics or such other address as the Collateral Agent may designate
from time to time by notice to the Borrower, the Administrative Agent and the Lenders or the principal corporate trust office of any successor Collateral Agent. 

  
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 “Cov-Lite Loan” means a
Collateral Loan the Related Contracts for which do not require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Related Contracts);
provided that, notwithstanding the foregoing, a Collateral Loan shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Loan) not to be a Cov-Lite Loan if the Related
Contracts for such Collateral Loan contain a cross-default or cross acceleration provision to, or such Collateral Loan is pari passu with, another loan, debt obligation or credit facility of the underlying
Obligor that contains one or more Maintenance Covenants. 
 “Coverage Tests” means each of the Overcollateralization Ratio
Test and the Interest Coverage Ratio Test. 
 “Covered Accounts” means, collectively, the Collection Account, the Custodial
Account, the Future Funding Reserve Account, the Interest Reserve Account, the Payment Account and the Closing Expense Account and any subaccounts of each of the foregoing. 

“Covered Entity” means any of the following: 

(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); 

(ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or 

(iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Covered Party” has the meaning set forth in Section 15.1. 

“Credit Estimate” means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance with the
S&P’s “Credit Estimate Information Requirements” dated April 2011 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset. 

“Credit Improved Loan” means any Collateral Loan that, in the Services Provider’s reasonable business judgment applying
the Servicing Standard has significantly improved in credit quality from the condition of its credit at the time of acquisition, which judgment may (but need not) be based on one or more of the following facts and will not be called into question as
a result of subsequent events: 
 (a) the Obligor in respect of such Collateral Loan has shown improved financial results
since the published financial reports first produced after it was acquired by the Borrower; 
 (b) the Obligor in respect of
such Collateral Loan since the date on which such Collateral Loan was acquired by the Borrower has raised significant equity capital or has raised other capital that has improved the liquidity or credit standing of such Obligor; or 

  
 -17- 

 (c) with respect to which one or more of the following criteria applies in
respect of such Collateral Loan: (i) such Collateral Loan has been upgraded or put on a watch list for possible upgrade by S&P since the date on which such Collateral Loan was acquired by the Borrower; (ii) the proceeds from a sale of
such Collateral Loan would be at least 101% of its purchase price; (iii) the price of such Collateral Loan has changed during the period from the date on which it was acquired by the Borrower to the proposed sale date by a percentage either
more positive, or less negative, as the case may be, than the percentage change in the average price of the applicable Eligible Loan Index plus 0.25% over the same period; or (iv) the price of such Collateral Loan changed during the
period from the date on which it was acquired by the Borrower to the date of determination by a percentage either more positive, or less negative, as the case may be, than the percentage change in a nationally recognized loan index selected by the
Borrower or the Services Provider over the same period plus 0.50%. 
 “Credit Risk Loan” means a Collateral Loan
that is not a Defaulted Loan but which has, in the Services Provider’s reasonable business judgment applying the Servicing Standard (which judgment will not be called into question as a result of subsequent events), a significant risk of
declining in credit quality and, with lapse of time, becoming a Defaulted Loan, and is designated as a “Credit Risk Loan” by the Borrower or the Services Provider. 

“Current Pay Obligation” means a Collateral Loan that would otherwise be a Defaulted Loan as to which (i) all scheduled
interest and principal payments due (other than those due as a result of any bankruptcy, insolvency, receivership or other analogous proceeding) were paid in Cash and the Borrower or the Services Provider reasonably expects, and delivers to the
applicable Rating Agency a certificate of an Authorized Officer certifying that it reasonably expects, that the remaining scheduled interest and principal payments due will be paid in cash, (ii) the S&P Rating of such Collateral Loan is at
least “CCC” and is not on a watch list for possible downgrade; (iii) the Market Value (which is not determined pursuant to clause (d) or subclause (iii) in the proviso of clause (c) of the definition thereof) of such
Collateral Loan is at least 80% of par; and (iv) if the Obligor of such Collateral Loan is the subject of a bankruptcy, insolvency, receivership or other analogous proceeding, the bankruptcy court or other authorized official has authorized the
payment of interest and/or principal and other amounts due and payable on such Collateral Loan and no such payments that are due and payable are unpaid; provided that to the extent that more than 10.0% of Total Capitalization would otherwise
constitute Current Pay Obligations, one or more Collateral Loans (or portions thereof, as applicable) having a Maximum Principal Balance at least equal to such excess shall be deemed not to constitute Current Pay Obligations and shall instead
constitute Defaulted Loans. 
 “Current Portfolio” means, at any time, the portfolio of Collateral Loans and Eligible
Investments representing Principal Proceeds, then held by the Borrower. 
 “Custodial Account” means a custodial account at
the Custodian, established in the name of the Collateral Agent pursuant to Section 8.4(a). 

“Custodian” has the meaning set forth in Section 8.4(a). 

“Daily Report” has the meaning set forth in Section 8.9(a). 

  
 -18- 

 “Daily Simple SOFR” means, for any day (a “SOFR Rate
Day”), a rate per annum equal to SOFR for the day that is five U.S. Government Securities Business Days prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate
Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website.
Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower. 

“DBRS” means DBRS Morningstar and any successor thereto. 

“Default” means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of
time or both would, unless waived in accordance with Section 12.5 or cured, become an Event of Default. 

“Default Differential” means, with respect to the Loans at any time, the rate calculated by subtracting the Scenario Default
Rate for the Loans at such time from the Break-Even Default Rate for the Loans at such time. 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§
252.81, 47.2 or 382.1, as applicable. 
 “Defaulted Loan” means any Collateral Loan as to which: 

(a) a default as to the payment of principal and/or interest has occurred and is continuing with respect to such Collateral
Loan (without regard to any grace period applicable thereto, or waiver thereof, after the passage of five Business Days in the case of interest or three Business Days in the case of principal if the Borrower or the Services Provider determines that
such default is unrelated to credit-related causes (which determination shall be reported in the next Collateral Report required to be delivered pursuant to Section 5.1(h)), but in no
case beyond the passage of any grace period applicable thereto); 
 (b) the Borrower or the Services Provider has received
written notice or a Senior Authorized Officer of the Borrower or the Services Provider has actual knowledge that a default as to the payment of principal and/or interest has occurred and is continuing on another debt obligation of the same Obligor
that is senior or pari passu in right of payment to such Collateral Loan (in each case, after the passage of three Business Days if the Borrower or the Services Provider determines that such default is unrelated to
credit-related causes (which determination shall be reported in the next Collateral Report required to be delivered pursuant to Section 5.1(h) but only to the extent the Borrower or
the Services Provider has been notified or otherwise has knowledge of such default), but in no case beyond the passage of any grace period applicable thereto; provided that both the Collateral Loan and such other debt obligation are full recourse
obligations of the applicable Obligor); 
 (c) except in the case of a Current Pay Obligation, the Obligor in respect of
such Collateral Loan has, or others have, instituted proceedings to have such Obligor adjudicated as bankrupt or insolvent or placed into receivership and such proceedings have not been stayed or dismissed, or such Obligor has filed for protection
under Chapter 11 of the Bankruptcy Code; 

  
 -19- 

 (d) the Obligor with respect to such Collateral Loan has an S&P Rating
of lower than “CCC-” or is rated “D” or “SD” or had any such rating immediately before such rating was withdrawn by S&P; 

(e) the Borrower or the Services Provider has received notice or a Senior Authorized Officer of the Borrower or the Services
Provider has actual knowledge that another debt obligation of the same Obligor that is senior or pari passu in right of payment to such Collateral Loan has an S&P Rating of lower than “CCC-” or
“D” or “SD” or had any such rating immediately before such rating was withdrawn by S&P, and such other debt obligation remains outstanding; provided that both the Collateral Loan and such other debt obligation are full
recourse obligations of the applicable Obligor; 
 (f) a default with respect to which the Borrower or the Services Provider
has received written notice, or a Senior Authorized Officer of the Borrower or the Services Provider has actual knowledge, that a default has occurred under the Related Contracts and any applicable grace period has expired and the holders of such
Collateral Loan have accelerated the repayment of the Collateral Loan (but only until such acceleration has been rescinded) in the manner provided in the Related Contracts; 

(g) such Collateral Loan is a Participation Interest (until it is elevated or converted to an assigned loan) with respect to
which the related Selling Institution has defaulted in any material respect in the performance of any of its payment obligations under the Participation Interest; 

(h) such Collateral Loan is a Participation Interest (until it is elevated or converted to an assigned loan) in a loan that
would, if such loan were a Collateral Loan, constitute a “Defaulted Loan” (other than under this clause (h)) or with respect to which the Selling Institution has an S&P Rating of lower than
“CCC-” or “D” or “SD” or had such rating immediately before such rating was withdrawn by S&P; 

(i) the Borrower or the Services Provider (in accordance with the Servicing Standard) has otherwise declared such Collateral
Loan to be a “Defaulted Loan”; 
 (j) such Collateral Loan has been placed on
non-accrual status by the Services Provider; or 
 (k) such Collateral Loan is deemed
a Defaulted Loan pursuant to Section 5.19; 
 provided that Current Pay Obligations (or portions thereof, as applicable) in
excess of 10.0% of Total Capitalization shall be deemed to be Defaulted Loans as set forth in the proviso in the definition of “Current Pay Obligation”. 

  
 -20- 

 “Defaulting Lender” means a Lender that has at any time (i) failed to
fund all or any portion of its Loans when and as required hereunder (other than failures to fund (a) solely as a result of a bona fide dispute as to whether the conditions to borrowing were satisfied on the relevant Borrowing Date, but only for
such time as such Lender is continuing to engage in good faith discussions regarding the determination or resolution of such dispute, and such Lender has notified the Administrative Agent in writing of its intention not to fund and has specifically
identified such condition precedent to funding that was not satisfied, or (b) solely as a result of a failure to disburse due to an administrative error or omission by such Lender, and such failure is cured within five Business Days after such
Lender receives written notice or has actual knowledge of such administrative error or omission), (ii) has notified the Borrower and the Administrative Agent in writing, or has made a public statement to the effect, that it does not intend or
expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s dispute as to the satisfaction of any condition precedent pursuant to the
foregoing clause (a)) or generally under other agreements under which it shall have committed to extend credit or (iii) has (or has a parent company) become or is insolvent or has become the subject of a bankruptcy or insolvency proceeding
or become the subject of a Bail-In Action, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment. 
 “Delaware LLC” means any limited liability company organized or
formed under the laws of the State of Delaware. 
 “Delaware LLC Division” means the statutory division of any Delaware LLC
into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act. 

“Delayed Funding Loan” means a Collateral Loan pursuant to which one or more future advances will be required to be made to
the Obligor thereunder but which does not permit any such advance that has been made to be reborrowed once repaid by the Obligor; provided that such loan shall only be considered to be a Delayed Funding Loan to the extent of the unfunded
commitment and only for so long as any future funding obligations remain in effect. 
 “Discount Loan” means any Collateral
Loan that is acquired by the Borrower for a purchase price paid by the Borrower to the seller of such Collateral Loan of less than 80% of the principal balance of such Collateral Loan; provided that such Collateral Loan shall cease to
be a Discount Loan at such time as the Market Value (expressed as a percentage of the par amount of such Collateral Loan) determined for such Collateral Loan on each day during any period of 30 consecutive days since the acquisition by the Borrower
of such Collateral Loan, equals or exceeds 90.0% on each such day (as determined at the close of business of each such day). 

“Distribution” means any payment of principal or interest or any dividend or premium payment made on, or any other
distribution in respect of, a Collateral Loan or other security. 
 “Document Checklist” means, for any Collateral Loan, an
electronic or hard copy list, substantially in the form attached hereto as Exhibit J delivered by the Borrower (or the Services Provider on behalf of the Borrower) to the Document Custodian (with a copy to the Collateral
Agent) that identifies the Collateral Loan, the applicable Obligor and each of the Related Contracts that shall be delivered to the Document Custodian by the Borrower, and whether each such document is an original or a copy. 

  
 -21- 

 “Document Custodian” means Alter Domus (US) LLC, in its capacity as
document custodian under this Agreement, and its successors in such capacity. 
 “Document Custodian Fee” means the fee
payable to the Document Custodian in arrears on each Quarterly Payment Date in an amount specified in the Document Custodian Fee Letter. 

“Document Custodian Fee Letter” means the fee letter dates as of the date hereof, between the Borrower and the Document
Custodian, as amended, restated, supplemented or otherwise modified from time to time. 
 “Document Custodian Office” has
the meaning assigned to such term in Section 14.1(b). 
 “Document Custodian Termination Notice”
has the meaning set forth in Section 14.9(a). 
 “Dollars” and “$” mean lawful
money of the United States of America. 
 “Domicile” or “Domiciled” means, with respect to any Obligor
with respect to a Collateral Loan, its country of organization or incorporation. 
 “Due Date” means each date on which a
Distribution is due on a Collateral Loan. 
 “Due Period” means, with respect to any Quarterly Payment Date, the period
commencing on the day following the last day of the immediately preceding Due Period (or, in the case of the initial Due Period, the period commencing on the Closing Date) and ending on (and including) the Calculation Date immediately preceding such
Quarterly Payment Date (or, in the case of the Due Period that is applicable to the Quarterly Payment Date occurring on the Stated Maturity, ending on the day preceding such Quarterly Payment Date). 

“EBA” means the European Banking Authority (including any successor or replacement organization thereto). 

“EBITDA” means earnings before interest, taxes, depreciation and amortization (determined, for any Collateral Loan, in the
manner provided in the Related Contracts) and in any case that “EBITDA,” “Adjusted EBITDA” or such comparable definition is not defined in such Related Contracts, an amount, for the principal Obligor on such Collateral Loan and
any of its parents or Subsidiaries that are obligated pursuant to the Related Contracts for such Collateral Loan (determined on a consolidated basis without duplication in accordance with GAAP) equal to net income from continuing operations for such
period plus (a) cash interest expense, (b) income taxes, (c) depreciation and amortization for such period (to the extent deducted in determining earnings from continuing operations for such period), (d) amortization of
intangibles (including, but not limited to, goodwill, financing fees and other capitalized costs), to the extent not otherwise included in clause (c) above, other noncash charges and organization costs, (e) losses of an unusual nature or
of infrequent occurrence in accordance with GAAP, and (f) any other item the Borrower and the Administrative Agent mutually deem to be appropriate. 

  
 -22- 

 “EEA Financial Institution” means (a) any credit institution or
investment firm established in any EEA Member Country which is subject to the supervision of a Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this
definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EIOPA” means the European Insurance and Occupational Pensions Authority (including any successor or replacement organization
thereto). 
 “Effective LTV” means, with respect to any Collateral Loan as of the date of acquisition by the Borrower, as
determined by the Service Provider pursuant to its underwriting standards and procedures, a ratio of (a) the excess of the total indebtedness of the related Obligor for borrowed money, minus cash on the balance sheet of such Obligor divided by
(b) the Enterprise Value of the related Obligor. 
 “Eligibility Criteria” means, as of (i) the date of each
acquisition of a debt obligation and (ii) each applicable Borrowing Date, each of the following: 
 (a) each
Concentration Limitation is satisfied immediately after giving effect to such acquisition or applicable Borrowing (or, in the case of an acquisition (but not a Borrowing) if not satisfied immediately after such acquisition, compliance with such
Concentration Limitation is maintained or improved after giving effect to such acquisition); 
 (b) each component of the
Collateral Quality Test is satisfied immediately after giving effect to such acquisition or Borrowing (or, in the case of an acquisition (but not a Borrowing), if not satisfied immediately after such acquisition, compliance with the Collateral
Quality Test is maintained or improved after giving effect to such acquisition); 
 (c) each Coverage Test is satisfied
immediately prior to and after giving effect to such acquisition or Borrowing (or, in the case of an acquisition (but not a Borrowing), if not satisfied immediately prior to such acquisition, compliance with the Coverage Test is maintained or
improved after giving effect to such acquisition); 
 (d) each of the criteria in the definition of “Collateral
Loan” is satisfied with respect to such acquisition of a debt obligation; provided that, for the avoidance of doubt, for purposes of determining whether the Eligibility Criteria have been satisfied, such criteria shall only be tested as
of the date of such acquisition of such debt obligation and shall not be retested on any Borrowing Date or the date of any repurchase or substitution with respect to assets not acquired on such date. 

  
 -23- 

 (e) if an acquisition or substitution of a Collateral Loan occurs on such
date of determination, as of such date, or, if not, as of the most recent date preceding such date of determination on which an acquisition or substitution of a Collateral Loan occurred, the aggregate outstanding principal amount of all Collateral
Loans held by the Borrower (immediately following any acquisition or substitution of any Collateral Loans on such date of determination) in respect of which the Retention Holder, either itself or through related entities (including the Borrower),
directly or indirectly, was involved or will be involved in negotiating the original agreement which created the relevant Collateral Loan is greater than 50% of the aggregate outstanding principal amount of all Collateral Loans then held by the
Borrower. 
 “Eligible Account Bank” means, with respect to any specified account, a financial institution: 

(a) that if such account is a fully segregated trust account with the trust department or corporate trust department of such
financial institution, has a long-term debt rating of at least “A” and a short-term debt rating of at least
“A-1” by S&P (or at least “A+” by S&P if such institution has no short-term rating); provided that if such financial institution
ceases to have a long-term debt rating of at least “A” and a short-term debt rating of at least “A-1” by
S&P (or at least “A+” by S&P if such institution has no short-term rating), it is replaced within 60 days by a financial institution with
long-term debt rating of at least “A” and a short-term debt rating of at least “A-1” by S&P (or at least
“A+” by S&P if such institution has no short-term rating); or 
 (b) as
to which the Rating Condition is satisfied and the Borrower and the Majority Lenders have consented to such financial institution constituting an “Eligible Account Bank” hereunder. 

“Eligible Investment Required Ratings” means, in the case of each Eligible Investment, a short-term credit rating of at least
“A-1” (or, in the absence of a short-term credit rating, “AA-” or better) from S&P. 

“Eligible Investments” means any investment denominated in Dollars that, at the time it is delivered to the Collateral Agent
(directly or through a financial intermediary or bailee), is one or more of the following obligations or securities: 
 (i)
direct Registered obligations of, and Registered obligations the timely payment of principal and interest on which is fully and expressly guaranteed by, the United States of America or any agency or instrumentality of the United States of America
the obligations of which are expressly backed by the full faith and credit of the United States of America; 
 (ii) demand
and time deposits in, certificates of deposit of, trust accounts with, bankers’ acceptances issued by, or federal funds sold by any depositary institution or trust company incorporated under the laws of the United States of America or any state
thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper and/or 

  
 -24- 

 
the debt obligations of such depositary institution or trust company (or, in the case of the principal depositary institution in a holding company system, the commercial paper or debt obligations
of such holding company) at the time of such investment or contractual commitment providing for such investment have the Eligible Investment Required Ratings; 

(iii) non-extendable commercial paper or other
short-term obligations with the Eligible Investment Required Ratings and that either bear interest or are sold at a discount from the face amount thereof and have a maturity of not more than 183 days from
their date of issuance; 
 (iv) money market funds domiciled outside of the United States which funds have, at all times, the
highest Moody’s credit rating assignable at such time and credit ratings of “AAAm” by Standard & Poor’s; 

(v) any other investment similar to those described in clauses (i) through (iv) above which (a) has the Eligible
Investment Required Ratings at the time of such investment and (b) has been approved by the Majority Lenders; provided that the Rating Condition has been satisfied with respect to any such investment; 

and, in the case of (i) through (iii) and (v) above, with a stated maturity (after giving effect to any applicable grace period) no later than the
Business Day immediately preceding the Quarterly Payment Date next following the Interest Period in which the date of investment occurs (unless such Eligible Investments are issued by the Collateral Agent in its capacity as a banking institution, in
which event such Eligible Investments may mature on such Quarterly Payment Date); provided that none of the foregoing obligations or securities shall constitute Eligible Investments if (a) such obligation or security has an
“f”, “r”, “p”, “pi”, “q” or “t” subscript assigned by Standard & Poor’s, (b) all, or substantially all, of the remaining amounts payable thereunder consist of interest
and not principal payments, (c) such obligation or security is subject to any withholding tax unless the issuer of the security is required to make “gross-up” payments or pay “additional
amounts” in respect of, or otherwise compensate the holder of such security for, the full amount of such withholding tax for any reason (other than customary excluded withholding taxes imposed under FATCA), (d) such obligation or security
is secured by real property, (e) such obligation or security is purchased at a price greater than 100% of the principal or face amount thereof, (f) such obligation or security is subject of a tender offer, voluntary redemption, exchange
offer, conversion or other similar action or (g) in the Borrower’s or the Services Provider’s judgment, such obligation or security is subject to material non-credit related risks. Eligible
Investments may include, without limitation, those investments for which an Agent or an affiliate of an Agent provides services. Any investment, which otherwise qualifies as an Eligible Investment, may (1) be made by the Collateral Agent or any
of its Affiliates and (2) be made in securities of any entity for which the Collateral Agent or any of its Affiliates receives compensation or serves as offeror, distributor, investment adviser or other service provider. 

  
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 “Eligible Loan Index” means, with respect to each Collateral Loan, one of
the following indices as selected by the Borrower or the Services Provider upon the acquisition of such Collateral Loan: the Credit Suisse Leveraged Loan Indices, the Deutsche Bank Leveraged Loan Index, the Goldman Sachs/Loan Pricing Corporation
Liquid Leveraged Loan Index, the Bank of America Securities Leveraged Loan Index, the S&P/LSTA Leveraged Loan Indices or any other nationally recognized loan index subject to the consent of the Majority Lenders with written notice thereof to be
provided to the applicable Rating Agency (collectively, the “Approved Indices”); provided that the Borrower or the Services Provider may change the index applicable to a Collateral Loan to another of the Approved Indices at
any time following the acquisition thereof after giving written notice to the Administrative Agent and the Collateral Agent. 

“Enforcement Event” has the meaning set forth in Section 6.2(b). 

“Enterprise Value” means, with respect to any Collateral Loan as of the date of acquisition by the Borrower, an amount as
determined by the Service Provider pursuant to its underwriting standards and procedures, for the related Obligor equal to the sum of (x) the market value of the equity capital of the Obligor and (y) the excess of the market value of such
Obligor’s total indebtedness over cash on the balance sheet of such Obligor. 
 “Environmental Claim” means, with
respect to any Person, any written notice, claim, demand or similar communication by any other Person having jurisdiction alleging potential liability for investigatory costs, cleanup costs, governmental response costs, natural resources damage,
property damages, personal injuries, fines or penalties arising out of, based on or resulting from (i) the presence, or release into the environment, of any Hazardous Substances at any location, whether or not owned by such Person or
(ii) circumstances forming the basis of any violation, of any applicable Environmental Law, in each case as to which there is a reasonable likelihood of an adverse determination with respect thereto and which, if adversely determined, would
have a Material Adverse Effect. 
 “Environmental Laws” means any and all federal, state, local and foreign statutes,
laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to the environment, the effect of
the environment on human health or to emissions, discharges or releases of pollutants, contaminants, Hazardous Substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise
relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, Hazardous Substances or wastes or the clean-up or other remediation
thereof. 
 “Equity Interests” means any and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or
other arrangements or rights to acquire any of the foregoing. 
 “Equity Security” means any equity security or any other
security or loan that is not eligible for acquisition by the Borrower as a Collateral Loan and any security acquired by the Borrower as part of a “unit” with a Collateral Loan and which itself is not eligible for acquisition by the
Borrower as a Collateral Loan. 

  
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 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, or any successor statute. 
 “ERISA Group” means each controlled group of corporations or trades or businesses
(whether or not incorporated) under common control that is treated as a single employer under Section 414(b) or (c) or, for the purposes of Section 412 of the Code and Section 302 of ERISA, (m) or (o) of the Code, with the
Borrower. 
 “Erroneous Payment” has the meaning assigned to it in Section 7.9. 

“Erroneous Payment Deficiency Assignment” has the meaning assigned to it in Section 7.9. 

“Erroneous Payment Impacted Class” has the meaning assigned to it in Section 7.9. 

“Erroneous Payment Notice” has the meaning assigned to it in Section 7.9. 

“Erroneous Payment Return Deficiency” has the meaning assigned to it in Section 7.9. 

“Erroneous Payment Subrogation Rights” has the meaning assigned to it in Section 7.9. 

“ESMA” means the European Securities and Markets Authority (including any successor or replacement organization thereto).

 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“EU Retention Requirements” means Article 6 of the Securitisation Regulation (together with any delegated regulations of the
European Commission, applicable guidelines published by any of the European Supervisory Authorities (jointly or individually), regulatory technical standards, or implementing technical standards made thereunder, together with Chapters I, II and III
and Article 22 of Delegated Regulation (EU) No 625/2014 where such provisions are applicable pursuant to the transitional provisions in Article 43(7) of the Securitisation Regulation). 

“European Supervisory Authorities” means, together, the EBA, the ESMA and the EIOPA. 

“Event of Default” has the meaning set forth in Section 6.1. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
all as from time to time in effect, or any successor law, rules or regulations, and any reference to any statutory or regulatory provision shall be deemed to be a reference to any successor statutory or regulatory provision. 

  
 -27- 

 “Excess Reserve Amount” means, on any date, the excess (if any) of: 

(a) the amount standing to the credit of the Future Funding Reserve Account on such date; over 

(b) (i) the aggregate Unfunded Amount on such date minus (ii) if such date is prior to the end of the
Commitment Period, the aggregate Undrawn Commitment on such date. 
 “Excluded Taxes” means any of the following Taxes
imposed on or with respect to each Lender and the Administrative Agent or required to be withheld or deducted from a payment to such Person, (i) Taxes imposed on or measured by its net income (however denominated), franchise Taxes, and branch
profits Taxes, in each case (A) imposed as a result of any Lender or the Administrative Agent (as the case may be) being organized under the laws of, or having its principal office or, in the case of each Lender, its applicable lending office
located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (B) that are Other Connection Taxes, (ii) in the case of each Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account
of such Lender with respect to an applicable interest in a Loan pursuant to a law in effect on the date on which (y) such Lender acquires such interest in the Loan (other than pursuant to an assignment request by the Borrower under
Section 11.5) or (z) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 11.3, amounts with respect to such Taxes were payable either to such
Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (iii) Taxes attributable to such Lender or the Administrative Agent’s failure to comply with
Section 11.3(g) and (iv) any withholding Taxes imposed under FATCA. 
 “Exposure Amount” as
of any date means, with respect to any Revolving Collateral Loan or Delayed Funding Loan, the excess of (a) the Borrower’s maximum funding commitment thereunder over (b) the Principal Balance of such Revolving Collateral
Loan or Delayed Funding Loan. For the avoidance of doubt, Exposure Amounts in respect of a Defaulted Loan shall be included in the calculation of the Exposure Amount if the Borrower is at such time subject to contractual funding obligations with
respect to such Defaulted Loan and such obligation has not ceased to be enforceable under the U.S. Bankruptcy Code. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any
fiscal or regulatory legislation, rules or official practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

“Federal Funds Rate” means, for any day, the rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%)
equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the FRBNY on the Business Day next succeeding such day;
provided that (i) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day as so published on the next succeeding Business Day and
(ii) if no such rate is so published on such next succeeding 

  
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Business Day, the Federal Funds Rate for such day shall be the average (rounded upward, if necessary, to the next 1/100th of 1%) of the quotations for such day of such transactions received by
the Administrative Agent from three federal funds brokers of recognized standing selected by it. Notwithstanding the foregoing or any other provision of this Agreement, the rate calculated pursuant to this definition shall not be less than 0%. 

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Fee Letter” means the Initial Lender Fee Letters, dated as of the Closing Date, between the Borrower and each Initial
Lender, as amended from time to time in accordance with the terms thereof. 
 “Fee Proceeds” means all amounts in the
Collection Account representing upfront, commitment, amendment and waiver, late payment (including compensation for delayed settlement or trades), anniversary, annual, facility, prepayment, redemption, call premium or any other fees of any type
received by the Borrower in respect of any Collateral Loan and any excess, with respect to participation interests in Collateral Loans which have been sold by the Borrower, of the interest paid by the applicable Obligor in respect of the portion of
such Collateral Loan that is the subject of such participation interest over the amount of interest required to be paid by the Borrower to the purchaser of such participation interest pursuant to the underlying participation agreement;
provided that Fee Proceeds shall not include any reimbursement of expenses payable by the Borrower to third parties, including legal fees, that may be received by the Borrower from any Obligor or any fees received in connection with the
reduction of principal of the related Collateral Loan. Fee Proceeds shall in all cases constitute Interest Proceeds. 
 “Financial
Sponsor” means any Person whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management,
books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies in which such Person so owns an interest. 

“First Lien/Last Out Loan” means a loan that (a) satisfies the requirements set forth in clauses (b), (c) and
(d) of the definition of “Senior Secured Loan”, (b) would satisfy the requirement set forth in clause (a) of such definition but for the fact that, following an event of default under the applicable Related Contract, such
Collateral Loan becomes fully subordinated to other senior secured loans under the applicable Related Contract and is not entitled to any payments until such other senior secured loans are paid in full, so long as (c) prior to an Event of
Default under the applicable Related Contract, such Collateral Loan is entitled to receive payments pari passu with such other senior secured loans. 

“Fitch” means Fitch Ratings, Inc., Fitch Ratings Ltd. and their subsidiaries, including Derivative Fitch Inc. and Derivative
Fitch Ltd. and any successor thereto. 
 “Fixed Rate Obligation” means any Collateral Loan that bears a fixed rate of
interest. 

  
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 “Floating Rate Obligation” means any Collateral Loan that bears a floating
rate of interest. 
 “Floor” means the benchmark rate floor, if any, provided in this Agreement (as of the execution of
this Agreement, the modification, amendment or renewal of this Agreement or otherwise). For the avoidance of doubt the initial Floor for Term SOFR shall be zero. 

“Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the
Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

“Foreign Official” is defined in Section 4.22. 

“FRBNY” means the Federal Reserve Bank of New York. 

“Fundamental Amendment” means (i) any amendment, modification, waiver or supplement of or to this Agreement that would
have a material and adverse effect on any Lender and modify the definition of the terms “CCC Collateral Loan”, “CCC Excess”, “Collateral Loan”, “Collateral Quality Test”, “Concentration Limitations”,
“Coverage Tests”, “Eligibility Criteria”, “First Lien/Last Out Loan”, “Lender Advance Rate”, “Lender Advance Rate LTV Trigger”, “Majority Lenders”, “Market Trigger”,
“Principal Collateralization Amount”, “Recurring Revenue Loan”, “Second Lien Loan”, “Senior Secured Bond”, “Senior Secured Loan”, or any defined term used therein, in each case in a manner which
would have the effect of making additional credit available to the Borrower, or making such provision less restrictive on the Borrower in any other material fashion or (ii) any agreement to the direct or indirect subordination of any lien or
claim securing the Obligations in connection with this Agreement. 
 “Future Funding Reserve Account” means the trust
account established pursuant to Section 8.3(b). 
 “GAAP” means generally accepted accounting
principles in effect from time to time in the United States. 
 “Governmental Authority” means the government of the United
States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Grant” means to grant, bargain, sell, convey, assign, transfer, mortgage, pledge, create and grant a security interest in
and right of set-off against, deposit, set over and confirm. A Grant of the Collateral, or of any other instrument, shall include all rights, powers and options (but none of the obligations) of the granting
party thereunder, including without limitation the immediate continuing right to claim for, collect, receive and receipt for principal and interest payments in respect of the Collateral, and all other monies payable thereunder, to give and receive
notices and other communications, to give consents, waivers or make other agreements, to exercise all rights and options, to bring Proceedings in the name of the granting party or otherwise, and generally to do and receive anything that the granting
party is or may be entitled to do or receive thereunder or with respect thereto. 

  
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 “Group I Country” means Australia, The Netherlands, New
Zealand and the United Kingdom. 
 “Group II Country” means Germany, Sweden and Switzerland. 

“Group III Country” means Austria, Belgium, Denmark, Finland, France, Luxembourg and Norway. 

“Hague Convention” has the meaning set forth in Section 8.1(d). 

“Hazardous Substances” means any toxic, radioactive, caustic or otherwise hazardous substance, identified as such as a matter
of Environmental Law, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics. 

“Increased Costs” means any amounts due pursuant to Section 2.9 and/or
Article XI. 
 “Incurrence Covenant” means a covenant by any borrower to comply with one or more
financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) only upon the occurrence of certain actions of the borrower,
including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture. 
 “Indebtedness” of any
Person means, without duplication, (a) as shown on such Person’s balance sheet (if any) (i) all indebtedness of such Person for borrowed money or for the deferred purchase price of property and (ii) all indebtedness of such
Person evidenced by a note, loan agreement, bond, debenture or similar instrument (whether or not disbursed in full), (b) the face amount of all letters of credit issued for the account of such Person and, without duplication, all unreimbursed
amounts drawn thereunder, (c) all Contingent Obligations of such Person, and (d) all payment obligations of such Person under any interest rate protection agreement (including, without limitation, any interest rate swaps, caps, floors,
collars and similar agreements) and currency swaps and similar agreements which were not entered into specifically in connection with Indebtedness set forth in clauses (a), (b) or (c) hereof. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on
account of any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning set forth in Section 12.3(b). 

“Ineligible Asset” means an asset that fails to satisfy the Eligibility Criteria upon the acquisition of such asset. 

  
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 “Initial Borrowing Date” means the Business Day on which the initial
Borrowing occurs. 
 “Initial Lenders” means Société Générale, Citizens Bank, NA, Customers
Bank and TIAA, FSB. 
 “Interest Coverage Amount” means, at any time, without duplication, the sum of (a) the
scheduled interest payments and scheduled fees due (in each case regardless of whether the applicable payment date has yet occurred) on the Collateral Loans (excluding Defaulted Loans to the extent set forth in the definition of “Interest
Proceeds”) for the then-current Due Period; (b) amounts on deposit in the Collection Account, including Eligible Investments, representing Interest Proceeds; (c) scheduled interest on Eligible
Investments held in the Collection Account, the Future Funding Reserve Account and the Closing Expense Account, in each case for the then-current Due Period; and (d) all regularly scheduled amounts due
and payable to the Borrower under Interest Hedge Agreements during the then-current Due Period. 

“Interest Coverage Ratio” means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing: 

(a) (i) the Interest Coverage Amount less (ii) all amounts payable on the related Quarterly Payment Date pursuant to
clauses (A) through (E) of Section 9.1(a)(i) by 
 (b) the sum of all interest due on the
Loans on the related Quarterly Payment Date. 
 “Interest Coverage Ratio Test” means a test satisfied on any Measurement
Date following the first Quarterly Payment Date if the Interest Coverage Ratio is greater than or equal to 110.0% on such date. 

“Interest Hedge Agreement” means an interest rate protection agreement that may be entered into between the Borrower and an
Interest Hedge Counterparty on or after the Closing Date, for the sole purpose of hedging interest rate risk between the portfolio of Collateral Loans and the Loans, as amended from time to time in accordance with the terms thereof, with respect to
which the Rating Condition is satisfied. 
 “Interest Hedge Counterparty” means a counterparty meeting, at the time of
entry by the Borrower into an Interest Hedge Agreement, the then-current S&P criteria for hedge counterparties (or, with respect to any counterparty not meeting such criteria at such time, any counterparty
whose obligations in respect of such Interest Hedge Agreement are absolutely and unconditionally guaranteed by an Affiliate of such counterparty meeting the then-current S&P guarantee criteria at such
time), together with any permitted assignee or successor (which meets the then-current S&P criteria for hedge counterparties) under such Interest Hedge Agreement with respect to which the Rating Condition
is satisfied. 
 “Interest Period” means, with respect to each Borrowing (a) the period from (and including) the date
of such Borrowing to (but excluding) the following Calculation Date and (b) each successive period from (and including) the prior Calculation Date to (but excluding) the following Calculation Date until the principal of the Borrowing is repaid;
provided that, (x) in the 

  
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case of any Interest Period applicable to a prepayment of the Loans pursuant to Section 2.7(c) or the Priority of Payments, such Interest Period shall end on the date of
such prepayment and (y) in the case of the Interest Period applicable to the Quarterly Payment Date occurring on the Stated Maturity, such Interest Period shall end on such Quarterly Payment Date. 

“Interest Proceeds” means, with respect to any Pledged Collateral (including Cash), (a) any payments with respect
thereto that are attributable to interest or yield in accordance with the Related Contracts of such Pledged Collateral, (b) all Fee Proceeds, (c) all cash capital contributions made to the Borrower that are designated as Interest Proceeds
pursuant to Section 6.5, (d) any amounts deposited in the Collection Account from the Closing Expense Account in accordance with Section 8.3(e) and (e) all funds on deposit in the
Interest Reserve Account. Interest Proceeds shall also include any amounts paid to the Borrower pursuant to an Interest Hedge Agreement (other than termination payments). No amounts that are required by the terms of any participation agreement to be
paid by the Borrower to any Person to whom the Borrower has sold a participation interest shall constitute “Interest Proceeds” hereunder. Any amounts received in respect of any Defaulted Loan will constitute Principal Proceeds (and not
Interest Proceeds) until the aggregate of all Collections in respect of such Defaulted Loan since it became a Defaulted Loan equals the Principal Balance of such Collateral Loan at the time it became a Defaulted Loan; thereafter, any such amounts
will constitute Interest Proceeds. Any amounts received in respect of any Equity Security will constitute Principal Proceeds (and not Interest Proceeds). 

“Interest Reserve Account” means the account established pursuant to Section 8.3(c). 

“Investment Advisers Act” means the Investment Advisers Act of 1940, as amended. 

“Investment Company Act” means the Investment Company Act of 1940, as amended. 

“Investment Criteria Adjusted Balance” means, with respect to any Collateral Loan, the Principal Balance of such Collateral
Loan; provided that for all purposes the Investment Criteria Adjusted Balance of any Discount Loan shall be the purchase price of such Discount Loan (after adding the amount of any subsequent borrowings and subtracting the amount of any
subsequent repayments thereof). 
 “IRS” means the U.S. Internal Revenue Service. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

  
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 “Lender” means each Person that is listed as a “Lender” on the
signature pages hereto, any Person that shall have become a party hereto pursuant to an Assignment and Assumption in respect of the Loans and, in each case, their respective successors, in each case other than any such Person that ceases to be a
party hereto pursuant to an Assignment and Assumption in respect of the Loans. 
 “Lender Advance Rate” means as of any
date of determination, the ratio (expressed as a percentage) obtained by dividing: (a) the sum of (i) the aggregate outstanding principal amount of all Loans as of such date plus (ii) the Portfolio Exposure Amount for
all Collateral Loans as of such date by (b) the Principal Collateralization Amount. 
 “Lender Advance Rate LTV
Trigger” means as of the end of any calendar month the Lender Advance Rate is greater than or equal to 70% and exceeds (or shall have exceeded) such amount for a period of 5 consecutive Business Days. 

“Lender Advance Rate Test” means a test satisfied on any Borrowing Date or at any other time specifically required in this
Agreement if the Lender Advance Rate at such time is less than or equal 55.0%. 
 “Lien” means, with respect to any asset,
any mortgage, lien, pledge, charge, security interest or encumbrance of any kind, or any other type of arrangement that has the practical effect of creating a security interest, in respect of such asset. For the purposes of this Agreement, any
Person shall be deemed to own subject to a Lien any asset which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such asset.

 “Loan Assets” has the meaning assigned to such term in Section 8.1(d). 

“Loan Assignment Agreement” has the meaning assigned to such term in Section 8.1(d). 

“Loan Documents” means this Agreement, the Account Control Agreement, the Corporate Services Agreement, the Notes, the Sale
and Contribution Agreement, the Fee Letter, the Collateral Agent Fee Letter, the Administrative Agent Fee Letter, the Document Custodian Fee Letter, the Retention Letter and any Interest Hedge Agreements. 

“Loans” means a Revolving Loan or a Term Loan. 

“Long Dated Loan” means as of any date of determination, any obligation with a stated maturity after the Stated Maturity.

 “LTM EBITDA” means the EBITDA of the applicable Obligor for the preceding
12-month period. 
 “Maintenance Covenant” means a covenant by any borrower to
comply with one or more financial covenants (including, without limitation, any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, whether
or not such borrower has taken any specified action 

  
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 “Majority Lenders” means the unaffiliated Lender or Lenders holding,
collectively, more than 50% of the aggregate Undrawn Commitments and aggregate principal amount of all of the Loans outstanding at such time; provided that (i) for purposes of making any determination of Majority Lenders, the Undrawn
Commitment of, and the portion of the Loans held or deemed held by, any Defaulting Lender shall be excluded (unless there are no Lenders that are not Defaulting Lenders at such time), (ii) the “Majority Lenders” shall always be deemed
to include Société Générale and (iii) at any time when two or more Lenders are party to this Agreement, at least two unaffiliated Lenders shall be required to constitute “Majority Lenders”. 

“Majority Revolving Lenders” means the Revolving Lender or Revolving Lenders holding, collectively, more than 50% of the
aggregate undrawn portion of the Revolving Commitments and aggregate principal amount of all of the Revolving Loans outstanding at such time; provided that (i) for purposes of making any determination of Majority Revolving Lenders, the
undrawn portion of the Revolving Commitment of, and the portion of the Revolving Loans held or deemed held by, any Defaulting Lender shall be excluded (unless there are no Lenders that are not Defaulting Lenders at such time), (ii) the
“Majority Revolving Lenders” shall always be deemed to include Société Générale and (iii) at any time when two or more Revolving Lenders are party to this Agreement, at least two unaffiliated Revolving
Lenders shall be required to constitute “Majority Revolving Lenders”. 
 “Make-Whole Fee” has the meaning
assigned to such term in the Administrative Agent Fee Letter. 
 “Margin Stock” shall have the meaning provided such term
in Regulation U. 
 “Market Trigger” means the occurrence of the Lender Advance Rate LTV Trigger, unless waived in the sole
discretion of the Majority Lenders. The Borrower shall provide prompt written notice of the occurrence of any Market Trigger to the applicable Rating Agency. 

“Market Value” means, as of any date of determination, with respect to any loans or other assets, the amount determined by
the Borrower or the Services Provider in accordance with the Servicing Standard equal to the product of the outstanding principal amount thereof and the price determined in the following manner: 

(a) the bid-side quote determined by any of (i) Loan Pricing Corporation, LoanX
Inc., MarkIt Partners, Mergent, Inc. or IDC or (ii) subject to satisfaction of the Rating Condition, any other nationally recognized loan pricing service selected by the Borrower or the Services Provider with notice to the Lenders; provided
that the Majority Lenders may object to the selection of any loan pricing service selected pursuant to the immediately preceding clause (ii) within five Business Days after receipt of such notice; 

(b) if such quote described in clause (a) is not available, 

(i) the average of the bid-side quotes determined by three independent SEC-registered
broker— dealers active in the trading of such asset; 
 (ii) if only two such bids can be obtained, the lower of the bid-side quotes of such two bids; or 

  
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 (iii) if only one such bid can be obtained, such bid; 

provided that a bid provided pursuant to this clause (b) shall not be from any of the Borrower, the Services Provider or any Affiliate of any thereof; or

 (c) if the Market Value of an asset cannot be determined in accordance with clause (a) or (b) above, then the
Market Value shall be the Appraised Value; provided that (i) the Appraised Value of such Collateral Loan has been obtained or updated within the immediately preceding four months, (ii) if the Appraised Value of a Collateral Loan is
determined pursuant to clause (B) of the definition of “Appraised Value”, the Market Value of such Collateral Loan shall not exceed the aggregate principal amount thereof (or the portion thereof held by the Borrower) and (iii) if
the Appraised Value has been requested but has not yet been received, for assets representing an aggregate of up to 5.0% of the Total Capitalization, the Market Value determined by the Services Provider exercising reasonable commercial judgment in
accordance with the Servicing Standard, consistent with the manner in which it would determine the market value of an asset for purposes of other funds or accounts managed by it; provided that the Market Value of any such asset may not be determined
in accordance with this subclause (iii) for more than 45 days; provided further that, for the avoidance of doubt, the Services Provider may, but shall not be required to, obtain an Appraised Value for any Collateral Loan; 

(d) if such quote or bid described in clause (a), (b) or (c) is not available, then the Market Value of such
Collateral Loan shall be the lower of (i) the Principal Balance of such Collateral Loan multiplied by the applicable S&P Recovery Rate for such Collateral Loan and (ii) if any, the Market Value determined by the Borrower or the
Services Provider exercising reasonable commercial judgment in accordance with the Servicing Standard, consistent with the manner in which it would determine the market value of an asset for purposes of other funds or accounts managed by it;
provided that if the Services Provider is not a registered investment adviser under the Investment Advisers Act, the Market Value of any such asset may not be determined in accordance with this clause (d) for more than 45 days; or 

(e) if the Market Value of an asset cannot be determined in accordance with clause (a), (b), (c) or (d) above, then
the Market Value shall be deemed to be zero until such determination is made in accordance with clause (a), (b), (c) or (d) above. 

“Material Adverse Effect” means a material adverse effect on (a) the business, assets, financial condition or results of
operations of the Borrower or the Services Provider (taken as a whole), (b) the ability of the Borrower, the Services Provider or the Retention Holder to perform its obligations under any of the Loan Documents or (c) the rights, interests,
remedies or benefits (taken as a whole) available to the Lenders or the Agents under the Loan Documents. 
 “Material
Change”: An event that occurs with respect to a Collateral Loan upon the occurrence of any of the following as determined by the Borrower in its commercially reasonable judgment (a) non-payment
of interest or principal, (b) the rescheduling of any interest or principal, (c) any covenant breach under the Related Contract which has not been cured under the terms of the Related Contract, (d) any restructuring of debt with
respect to the Obligor of such Collateral 

  
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Loan, (e) the addition of payment in kind terms, change in maturity date or any change in coupon rates (other than, with respect to changes to coupon rates, as provided for under the Related
Contract as in effect prior to such addition or change) and (f) the occurrence of the significant sale or acquisition of assets by the Obligor. 

“Maximum Principal Balance” means, as of any date of determination and with respect to all or any specified portion of the
Collateral Loans, the sum of (a) the Principal Balance of such Collateral Loans as of such date and (b) the Exposure Amount of all Collateral Loans that are Revolving Collateral Loans or Delayed Funding Loans. 

“Maximum Weighted Average Life Test” is a test satisfied on any Measurement Date if the Weighted Average Life of all
Collateral Loans as of such date is less than or equal to 7 years minus (b) the number of years (rounded to the nearest quarter) that have elapsed since the Closing Date. 

“Measurement Date” means each Calculation Date, each day Collateral Loans are acquired or sold, each Collateral Report
Determination Date and each day pursuant to the request of the Majority Lenders or the applicable Rating Agency; provided that if any such date is not a Business Day, such Measurement Date shall be the next succeeding Business Day. 

“Minimum Commitment Usage” means 75.0%. 

“Minimum Weighted Average Coupon Test” means a test that will be satisfied on any Measurement Date if the Weighted Average
Coupon equals or exceeds 6.00%. 
 “Minimum Weighted Average Lender Spread Test” means a test that will be satisfied on any
date of determination if the Weighted Average Spread equals or exceeds 5.00%. 
 “Minimum Weighted Average S&P Recovery Rate
Test” means the test that will be satisfied on any date of determination if the Weighted Average S&P Recovery Rate for the Collateral Loans equals or exceeds the S&P CDO Monitor Recovery Rate. 

“Minimum Weighted Average S&P Spread Test” means a test that will be satisfied on any Measurement Date if the Weighted
Average Spread equals or exceeds the S&P Minimum Floating Spread. 
 “Money” shall have the meaning specified in Section 1-201(24) of the UCC. 
 “Moody’s” means Moody’s Investors
Service, Inc. and any successor thereto. 
 “Multiemployer Plan” means at any time a “multiemployer plan” within
the meaning of Section 4001(a)(3) of ERISA to which the Borrower or a member of its ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions or to which the
Borrower has any liability (including as a result of being a member of its ERISA Group). 

“Non-Call Period” means the period from the Closing Date to and including the date
that is one year from the Closing Date. 

  
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 “Non-Consenting Lender” means any
Lender that does not approve any consent, waiver or amendment, pursuant only to Section 5.41(b), that requires the approval of all Lenders other than Lenders whose Commitment is less than $75,000,000 (provided that if a
Lender had or would have had a Commitment of equal to or more than $75,000,000 at any time which has been reduced per Section 2.7, consent of such Lender shall be required). 

“Non-Exempt Person” means any Person other than a Person who is (or, in the
case of a Person that is a disregarded entity, whose owner is) either (a) a “United States person” within the meaning of Section 7701(a)(30) of the Code or (b) has provided to the Collateral Administrator for the relevant
year such duly executed form(s) or statement(s) which may, from time to time, be prescribed by law and which pursuant to applicable provisions of (i) any income tax treaty between the United States and the country of residence of such Person,
(ii) the Code and any successor statute or (iii) any applicable rules or regulations in effect under clauses (i) or (ii) above, permit the Collateral Administrator to make any payments free of any
obligation or liability for withholding. 
 “Non-Recourse Party” has the meaning
set forth in Section 12.15(a). 
 “Note” means each promissory note, if any, issued by the
Borrower to a Lender in accordance with the provisions of this Agreement, substantially in the form set forth on Exhibit A hereto, as the same may from time to time be amended, supplemented, waived or modified. 

“Notice of Borrowing” has the meaning set forth in Section 2.2(a). 

“NYFRB” means the Federal Reserve Bank of New York. 

“Obligations” means all obligations, liabilities and Indebtedness of every nature of the Borrower, from time to time owing to
the Agents, the Interest Hedge Counterparties, the Lenders and the other Secured Parties under or in connection with this Agreement and the other Loan Documents, including, without limitation, (a) the unpaid principal amount of, and interest on
(including interest which, but for the commencement of an insolvency, reorganization or bankruptcy case or proceeding or any receivership, liquidation, reorganization or other similar case or proceeding with respect to the Borrower or with respect
to any of its assets, would have accrued on any Obligation, whether or not a claim is allowed against the Borrower for such interest in any such case or proceeding), all Loans then outstanding, and (b) all fees, expenses, indemnity payments and
other amounts owed to any Secured Party pursuant to this Agreement and the other Loan Documents, in each case, whether or not then due and payable, including Erroneous Payment Subrogation Rights. 

“Obligor” means, with respect to a Collateral Loan, any Person who is obligated to repay such Collateral Loan (including, if
applicable, a guarantor thereof), or any Person whose assets are relied upon by the Borrower at the time such Collateral Loan was acquired by the Borrower as the source of repayment of such Collateral Loan. 

“Offer” means with respect to any loan or security, any offer by the obligor or issuer of such loan or security or by any
other Person made to all of the holders of such loan or security to purchase or otherwise acquire such loan or security (other than pursuant to any redemption in accordance with the terms of the applicable Related Contracts) or to convert or
exchange such loan or security into or for Cash, securities or any other type of consideration. 

  
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 “Other Connection Taxes” means, with respect to any Lender or the
Administrative Agent, Taxes imposed as a result of a present or former connection between such Lender or the Administrative Agent and the jurisdiction imposing such Tax (other than connections arising from such Lender or the Administrative Agent
having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned
an interest in any Loan or Loan Document). 
 “Other Taxes” means all present or future stamp, court or documentary,
intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect
to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 11.5). 

“Overcollateralization Ratio” means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

 (a) the sum of (i) the Principal Collateralization Amount as of such date plus (ii) the Portfolio
Exposure Amount (excluding any Unsettled Amounts to the extent already included in the amount in clause (i)) for all Collateral Loans as of such date; by 

(b) the sum of (i) the aggregate outstanding principal amount of the Loans as of such date plus (ii) the
Portfolio Exposure Amount for all Collateral Loans as of such date. 
 “Overcollateralization Ratio Test” means a test
satisfied on any Measurement Date if the Overcollateralization Ratio equals or exceeds 153.8%. 
 “Parent” means Owl Rock
Technology Finance Corp. II, a Maryland corporation, or its successor in interest. 
 “Participant” has the meaning set
forth in Section 12.6(b)(i). 
 “Participant Register” has the meaning set forth in
Section 12.6(b)(iii). 
 “Participation Interest” means a participation interest in a loan that,
at the time of acquisition, or the Borrower’s commitment to acquire the same, satisfies each of the following criteria: (i) such participation interest would constitute a Collateral Loan were it acquired directly, (ii) the Selling
Institution is a lender in respect of such loan, (iii) the aggregate participation interest in such loan granted by such Selling Institution to any one or more participants does not exceed the principal amount or commitment with respect to
which the Selling Institution is a lender under such loan, (iv) such participation interest does not grant, in the aggregate, to the participant in such participation interest a greater interest than the Selling Institution holds in the loan or
commitment that is the subject of the participation interest, (v) except to the extent that such participation is a 

  
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contribution to equity by the Seller to the Borrower, the entire purchase price for such participation interest is paid in full at the time of the Borrower’s acquisition thereof (or, in the
case of a participation interest in a Revolving Collateral Loan or a Delayed Funding Loan, at the time of the funding of such Revolving Collateral Loan or Delayed Funding Loan, as applicable), (vi) the participation interest provides the
participant all of the economic benefit and risk of the whole or part of the loan or commitment that is the subject of the participation interest and (vii) such participation interest is documented under a Loan Syndications and Trading
Association, Loan Market Association or similar agreement standard for loan participation transactions among institutional market participants or the Sale and Contribution Agreement; provided that a participation interest from
the Parent to the Borrower that is elevated or converted to an assigned loan within sixty (60) days shall not constitute a Participation Interest under this Agreement. For the avoidance of doubt, a Participation Interest shall not include a sub-participation interest in any loan. 
 “PATRIOT Act” means the “Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001” (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 

“Payment Account” means the payment account established pursuant to Section 8.3(a).  

“Payment Date Report” has the meaning set forth in Section 9.1(c). 

“Payment Recipient” has the meaning set forth in Section 7.9. 

“Percentage Share” means, when used: 

(a) with respect to a Revolving Lender’s obligation to make Revolving Loans and right to receive payments of interest,
fees, principal and other amounts with respect thereto, the percentage obtained by dividing (i) such Revolving Lender’s Revolving Commitment by (ii) the Total Revolving Commitment; provided that, if the Total Revolving
Commitment has been reduced to zero, the numerator shall be the aggregate unpaid principal amount of such Revolving Lender’s Revolving Loans and the denominator shall be the aggregate unpaid principal amount of all Revolving Loans; 

(b) with respect to a Term Lender’s obligation to make Term Loans and right to receive payments of interest, fees,
principal and other amounts with respect thereto, the percentage obtained by dividing (i) such Term Lender’s Term Commitment by (ii) the Total Term Commitment; provided that, if the Total Term Commitment has been reduced to
zero, the numerator shall be the aggregate unpaid principal amount of such Term Lender’s Term Loans and the denominator shall be the aggregate unpaid principal amount of all Term Loans; and 

(c) with respect to any other matters, for any Lender, the percentage obtained by dividing (i) the sum of such
Lender’s Undrawn Commitments plus the aggregate outstanding principal amount of Loans held by such Lender at such time by (ii) the sum of all Lenders’ Undrawn Commitments plus the aggregate outstanding principal amount
of all Loans at such time. 

  
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 “Permitted Distribution” means any of the following: 

(a) a distribution made pursuant to Sections 6.4 or 9.1; or 

(b) a distribution to the Parent from the proceeds of the sale of Collateral Loans in connection with a Permitted Securitization, so long as
(x) after giving effect to such distribution and to any related prepayment of Loans from the proceeds of such sale pursuant to Section 2.7(h), (i) no Event of Default or Default is in effect or would result from such
distribution and any related prepayment of Loans and (ii) the Lender Advance Rate Test, each Collateral Quality Test, the Concentration Limitations, the requirements of Section 5.37 and the Coverage Tests are
satisfied, (y) the Administrative Agent has confirmed in writing to the Borrower that it is reasonably satisfied that the requirements set forth in clause (x) hereof are satisfied, and (z) the Borrower gives at least two Business
Days’ notice concerning such distribution to the Agents and the applicable Rating Agency (which notice shall contain a certificate of an Authorized Officer of the Borrower certifying as to the satisfaction of the requirements set forth in sub-clause (x) above with respect to such distribution). 
 “Permitted Liens” means
(a) Liens for Taxes, assessments or charges if such Taxes, assessments or charges are not at the time due and payable or if the Borrower is or shall be contesting the amount or validity thereof in good faith by appropriate proceedings
diligently conducted and with respect to which reserves in accordance with GAAP have been provided on the books of the Borrower, and no enforcement, collection, execution, levy or foreclosure proceeding shall have been commenced with respect to such
Liens, (b) Liens granted pursuant to or by the Loan Documents, (c) Liens in favor of the Borrower created pursuant to Sale and Contribution Agreement and assigned to the Collateral Agent for the benefit of the Secured Parties pursuant to
this Agreement, (d) the restrictions on transferability imposed by the Related Contracts (but only to the extent relating to customary procedural requirements and agent and Obligor consents (except where the Services Provider or any of its
Affiliates is the agent) expected to be obtained in due course and provided that any Obligor consents will be obtained prior to the delivery of the related Collateral hereunder pursuant to Section 8.7), (e) the
restrictions on transferability imposed by any shareholder agreements in respect of Equity Securities acquired in connection with the restructuring of a Collateral Loan or the exercise of remedies with respect thereto, (f) with respect to
agented Collateral Loans, Liens in favor of the lead agent, the collateral agent or the paying agent for the benefit of all holders of indebtedness of such Obligor under the related Collateral Loan, (g) materialman’s, warehouseman’s,
mechanics’ and other Liens arising by operation of law in the ordinary course of business if such sums shall not at the time be due and payable or if the appropriate person shall currently be contesting the validity thereof in good faith and no
enforcement, collection, execution, levy or foreclosure proceeding shall have been commenced with respect to such Liens, (h) Liens in favor of the Custodian or Securities Intermediary to secure amounts owing to it pursuant to the Account
Control Agreement and (i) with respect to any Collateral Loans, Liens on the underlying collateral for such Collateral Loans. 

“Permitted Parent Distribution” means a distribution by the Borrower to the Parent from the proceeds of Borrowings hereunder
or other funds in the Collection Account, which distribution satisfies all of the following conditions: (i) the Lender Advance Rate Test (which, for purposes of this definition, shall be calculated as if the date of distribution were a
Borrowing Date), 

  
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the Concentration Limitations and the Collateral Quality Test are satisfied, and no Market Trigger has occurred and is continuing; (ii) the Borrower gives at least two Business Days’
notice of such distribution to the Agents and the applicable Rating Agency; and (iii) no Default exists or would result after giving effect thereto. For the avoidance of doubt, the foregoing conditions will not apply to any acquisitions of any
new Collateral Loans by the Borrower from the Parent or any Affiliate of the Parent, the initial Borrowing or any subsequent Borrowings during the Commitment Period. 

“Permitted Securitization” means any securitization in a capital market transaction or private placement offering wherein
Société Générale or an Affiliate thereof acts as the primary arranger in which the Borrower sells Collateral pledged hereunder, directly or indirectly, to an Affiliate or an affiliated entity that issues or arranges for
the issuance of asset-backed debt obligations (whether in the form of notes or revolving and/or term loans) collateralized, in whole or in part, by such Collateral. 

“Person” means an individual, a corporation, a partnership, an association, a trust, a limited liability company, member or
any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 
 “PIK
Loan” means any loan that by its terms permits the deferral or capitalization of payment of accrued and unpaid interest for more than the shorter of (a) four consecutive payment periods or (b) one year, excluding any loan that
provides for periodic payments of interest thereon in cash no less frequently than semi-annually and the portion of interest required to be paid in cash under the terms of the applicable Related Contract
results in such loan having an effective rate of current interest paid in cash on such day of not less than (a) in the case of a Fixed Rate Obligation, 2.0% per annum or (b) otherwise, 1.0% per annum over the applicable index rate. For the
avoidance of doubt, if the Obligor under a loan described in the exclusion above fails to make a required cash interest payment thereunder and such failure continues longer than the grace period set forth for such payment in clause (a) of the
definition of “Defaulted Loan”, such loan shall be considered a Defaulted Loan. 
 “Plan” means at any time an
“employee pension benefit plan” as defined in Section 3(2) of ERISA (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and either
(i) is maintained, or contributed to, by the Borrower or a member of its ERISA Group or (ii) has at any time within the preceding five plan years been maintained, or contributed to, by the Borrower or a member of its ERISA Group. 

“Plan Assets” has the meaning assigned to such term in Section 4.5(b). 

“Platform” is defined in Section 12.16(c). 

“Pledged Collateral” has the meaning specified in the Granting Clause hereof. 

“Portfolio Exposure Amount” means the excess (if any) of the sum of (i) the aggregate Exposure Amount at such time
plus (ii) Unsettled Amounts minus (iii) the sum of (x) amounts on deposit in the Future Funding Reserve Account on such date and (y) amounts on deposit in the Collection Account on such date, including
Eligible Investments, representing Principal Proceeds. 

  
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 “Post-Default Rate” has the
meaning assigned to such term in Section 2.5(d). 

“Post-Transition S&P CCC Collateral Loan” means, a Collateral Loan that,
at the time the Borrower committed to acquire such Collateral Loan, has an application to S&P for a credit estimate pending and that, upon the provision of such credit estimate (after the acquisition of such Collateral Loan by the Borrower),
becomes a CCC Collateral Loan. 
 “Prepayment Date” means any Quarterly Payment Date specified for a prepayment in
accordance with Section 2.7(a)(iii). 
 “Prime Rate” means, for any day, the rate of interest in
effect for such day that is identified and normally published by The Wall Street Journal as the “Prime Rate” (or, if more than one rate is published as the Prime Rate, then the highest of such rates), with any change in Prime Rate to
become effective as of the date the rate of interest which is so identified as the “Prime Rate” is different from that published on the preceding Business Day. If The Wall Street Journal no longer reports the Prime Rate, or if the Prime
Rate no longer exists, or the Administrative Agent determines in good faith that the rate so reported no longer accurately reflects an accurate determination of the prevailing Prime Rate, then the Administrative Agent may select a reasonably
comparable index or source to use as the basis for the Prime Rate. Notwithstanding the foregoing or any other provision of this Agreement, the rate calculated pursuant to this definition shall not be less than 0%. 

“Principal Allocation Formula” means: 

(a) prior to the end of the Reinvestment Period, with respect to a prepayment of the Loans as specifically set forth herein:

 first, to the Revolving Loans in an amount equal to the excess, if any, of (x) the Portfolio Exposure Amount
on such Quarterly Payment Date (or other applicable date of payment) over (y) the aggregate undrawn portion of the Revolving Commitments in respect of the Revolving Loans on such Quarterly Payment Date (or other applicable date of
payment), and 
 second, to each of the Revolving Loans and Term Loans in accordance with their respective Principal
Sharing Percentages (determined immediately prior to the application provided for in this clause second); and 
 (b) on the
last day of the Reinvestment Period and after the end of the Reinvestment Period, with respect to a prepayment of the Loans as specifically set forth herein, to each of the Revolving Loans and Term Loans in accordance with their respective Principal
Sharing Percentages (determined immediately prior to the application provided for in this clause (b)); 
 provided, in each case, that if the
Principal Allocation Formula would result in the allocation of a payment of principal to the Revolving Loans in excess of the aggregate outstanding principal amount thereof, then the amount of such excess shall be deposited into the Future Funding
Reserve Account. 

  
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 “Principal Balance” means, as of any date of determination with respect to
any Collateral Loan, the aggregate outstanding principal amount of such Collateral Loan as of such date, excluding (a) deferred or capitalized interest on any Collateral Loan (other than any such interest that was added to principal on or
before the date when such Collateral Loan was acquired by the Borrower) and (b) any portion of such principal amount that has been assigned or participated by the Borrower pursuant to Section 10.1. For the avoidance of
doubt, the Principal Balance of any Equity Security shall be zero. 
 “Principal Collateralization Amount” means, at any
time, the sum of: 
 (a) the Aggregate Principal Balance of all Collateral Loans (excluding Defaulted Loans, Discount Loans,
Long Dated Loans and Current Pay Obligations (each as to which the applicable rule below shall apply)); plus 
 (b)
(i) the aggregate amount of funds on deposit in the Collection Account, including Eligible Investments, constituting Principal Proceeds plus (ii) the aggregate amount of funds on deposit in the Future Funding Reserve Account,
constituting Principal Proceeds, including Eligible Investments; plus 
 (c) for all Discount Loans, the aggregate of
the purchase prices, excluding accrued interest, expressed as a Dollar amount, for such Discount Loans (after adding the amount of any subsequent borrowings and/or subtracting the amount of any subsequent repayments thereof); plus 

(d) for each Defaulted Loan, the lesser of (x) the Market Value of such Defaulted Loan and (y) the Recovery Value of
such Defaulted Loan; plus 
 (e) for each Long Dated Loan, the Recovery Value of such Collateral Loan; plus

 (f) for Current Pay Obligations up to 5.0% of Total Capitalization, the Aggregate Principal Balance of all such Current
Pay Obligations, plus (ii) for each Current Pay Obligation in excess of 5.0% and up to 10% of Total Capitalization, 90% of such Current Pay Obligation’s Market Value (which is not determined pursuant to clause (d) or
subclause (iii) in the proviso of clause (c) of the definition thereof) (but no greater than the par value of such Current Pay Obligation); minus 

(g) the CCC Excess Adjustment Amount; 

provided that (i) with respect to any Collateral Loan that satisfies more than one of the definitions of Defaulted Loan, Discount Loan, Long Dated
Loan or Current Pay Obligation such Collateral Loan shall, for the purposes of this definition, be treated as belonging to the category of Collateral Loans which results in the lowest Principal Collateralization Amount on any date of determination,
(ii) the Principal Collateralization Amount for any Defaulted Loan which has been a Defaulted Loan for one year or more will be zero and (iii) the Principal Collateralization Amount of any Collateral Loan held in the form of a Closing Date
Participation after the date that is 90 days after Closing Date will be the Recovery Value. 

  
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 “Principal Proceeds” means (a) with respect to any Pledged Collateral
(including Cash) any payments with respect thereto that are attributable to principal in accordance with the Related Contracts of such Pledged Collateral or that do not otherwise constitute Interest Proceeds (including unapplied proceeds of the
Collateral Loans), (b) any upfront or net termination payments paid to the Borrower under any Interest Hedge Agreement, (c) fees received in connection with the reduction of principal of a Collateral Loan (but not any principal repaid in
connection therewith) and (d) any cash capital contributions made to the Borrower that are designated as Principal Proceeds pursuant to Section 6.5. All sales or assignments of Collateral Loans or any portion thereof
pursuant to Section 10.1 shall be for cash on a non-recourse basis the proceeds of which shall be deemed to be Principal Proceeds for all purposes hereunder (other than proceeds
representing accrued interest), and all amounts deposited pursuant to Section 6.5 and designated as Principal Proceeds in accordance therewith shall be deemed to be Principal Proceeds for all purposes hereunder. No amounts
that are required by the terms of any participation agreement to be paid by the Borrower to any Person to whom the Borrower has sold a participation interest shall constitute “Principal Proceeds” hereunder. 

“Principal Sharing Percentage” means, with respect to any payment of principal of the Loans that is to be allocated according
to the Principal Allocation Formula, a fraction, expressed as a percentage: 
 (a) the numerator of which is: 

(i) in the case of the Term Loans, the aggregate principal amount of the Term Loans outstanding on such date; or 

(ii) in the case of the Revolving Loans, the lesser of (x) the sum of (A) the aggregate principal amount of the
Revolving Loans outstanding on such date and (B) the Portfolio Exposure Amount on such date and (y) the amount of the Total Revolving Commitment on such date; provided that if the Total Revolving Commitment has been reduced to zero,
then the amount determined pursuant to this clause (ii) shall equal the aggregate principal amount of the Revolving Loans outstanding on such date, and 

(b) the denominator of which is the sum of: 

(i) the aggregate principal amount of the Term Loans outstanding on such date; and 

(ii) the lesser of (x) the sum of (A) the aggregate principal amount of the Revolving Loans outstanding on such date
and (B) the Portfolio Exposure Amount on such date and (y) the amount of the Total Revolving Commitment on such date; provided that if the Total Revolving Commitment has been reduced to zero, the amount determined pursuant to this
clause (ii) shall equal the aggregate principal amount of the Revolving Loans outstanding on such date. 

  
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 “Priority of Payments” has the meaning set forth in
Section 9.1(a); provided that, at all times after the Majority Lenders have exercised their right to direct the liquidation of the Collateral under Article VI, “Priority of
Payments” shall mean the priorities set forth in Section 6.4 hereof. 
 “Proceeding” means
any suit in equity, action at law or other judicial or administrative proceeding. 
 “Prohibited Transaction” means a
transaction prohibited under Section 406(a) of ERISA or Section 4975(c)(1)(A)-(D) of the Code, that is not exempted by a statutory or administrative or individual exemption pursuant to
Section 408 of ERISA, Section 4975(d) or otherwise. 
 “Proposed Portfolio” means the portfolio of Collateral
Loans and Eligible Investments resulting from the proposed purchase, sale, maturity or other disposition of a Collateral Loan or a proposed reinvestment in an additional Collateral Loan, as the case may be. 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in
accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support” has the meaning set forth in
Section 15.1. 
 “Quarterly Cap” means, with respect to any Quarterly Payment Date, an amount
equal to (x) $250,000 per annum (prorated for the related Interest Period on the basis of the actual number of days in the current calendar year and the actual number of days elapsed) plus (y) 0.025% per annum (prorated for the
related Interest Period on the basis of the actual number of days in the current calendar year and the actual number of days elapsed) multiplied by the sum of, without duplication, (i) the Aggregate Principal Balance of all Collateral
Loans, (ii) the aggregate amount of funds on deposit in the Collection Account, including Eligible Investments, constituting Principal Proceeds and (iii) the aggregate amount of funds on deposit in the Future Funding Reserve Account,
including Eligible Investments and the Portfolio Exposure Amount, in each case, measured as of the Calculation Date immediately preceding such Quarterly Payment Date. 

“Quarterly Payment Date” means the 15th day of December, March, June, and September in each year, commencing in December of
2022, and the Stated Maturity; provided that if any such date is not a Business Day, such Quarterly Payment Date shall be the next succeeding Business Day. 

“Rating Agency” means (i) with respect to the Loans, S&P, Fitch or DBRS (and/or, if, at any time any other
nationally recognized investment rating agency provides a rating of any Loans solicited by the Borrower, such rating agency) or (ii) with respect to the Collateral generally, S&P, Fitch or DBRS (or, if, at any time such Rating Agency ceases
to provide rating services with respect to debt obligations, any other nationally recognized investment rating agency selected by the Borrower or the Services Provider in consultation with the Majority Lenders). In the event that at any time any of
the rating agencies referred to above ceases to be a “Rating Agency” and a replacement rating agency is selected in accordance with the preceding sentence, then references to rating categories of such replaced rating agency in this
Agreement shall be deemed instead to be references to the equivalent categories of such replacement rating agency as of the most recent date on which such replacement rating agency and such replaced rating agency’s published ratings for the
type of obligation in respect of which such replacement rating agency is used. 

  
 -46- 

 “Rating Condition” means, with respect to any action taken or to be taken
by or on behalf of the Borrower that is expressed to be subject to such condition in any Loan Document, a condition that is satisfied if a Rating Agency has confirmed in writing (which may take the form of a press release, electronic messages,
facsimile, posting to its internet website, other written communication or other means then considered industry standard) that such action will not cause the then-current rating of the Loans by the applicable
Rating Agency to be reduced or withdrawn; provided that the Rating Condition will be deemed to be satisfied with respect to any such action if (i) at the time of determination, no Loans are then rated by a Rating Agency; (ii) the
Agents and all of the Lenders provide their written approval as to such action and written notice thereof is given to the applicable Rating Agency; (iii) the applicable Rating Agency has made a public statement to the effect that it will no
longer review events or circumstances of the type requiring satisfaction of the Rating Condition in this Agreement for purposes of evaluating whether to confirm the then-current ratings of the Loans rated by
the applicable Rating Agency; or (iv) the applicable Rating Agency has communicated to the Borrower, the Services Provider or either Agent (or their respective counsel) that it will not review such event or circumstances for purposes of
evaluating whether to confirm the then-current ratings. 
 “Rating Failure Event”
has the meaning set forth in Section 5.41. 
 “Real Estate Loan” means any debt obligation that
is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not
otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate). 

“Recipient” means (a) the Administrative Agent or (b) any Lender, as applicable. 

“Recovery Value” means, for (x) each Defaulted Loan that has been a Defaulted Loan for less than one year and
(y) each Collateral Loan held in the form of a Closing Date Participation after the date that is 90 days after the Closing Date, the lowest of: 

(a) the Principal Balance of such Defaulted Loan or Closing Date Participation, multiplied by the applicable S&P
Recovery Rate for such Defaulted Loan or Closing Date Participation, as applicable; 
 (b) the Market Value of such Defaulted
Loan or Closing Date Participation; and 
 (c) the carrying value of such Defaulted Loan or Closing Date Participation on the
books and records of the Borrower (or its Affiliates). 
 The Recovery Value of a Defaulted Loan that has been a Defaulted Loan for one year
or more shall be zero. 

  
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 “Recurring Revenue Loan” means a Collateral Loan (i) the extensions of
credit under which, or a Maintenance Covenant applicable to which, is calculated on the basis of “recurring revenue” for a stated period rather than EBITDA or (ii) that, at the time of acquisition, has a negative LTM EBITDA or a Total
Debt / EBITDA Ratio greater than 7.50 to 1:00; provided that, if on any date of determination after the date of acquisition such Collateral Loan has a positive EBITDA for two (2) consecutive quarters or a Total Debt / EBITDA Ratio
less than 7.50 to 1:00, the Administrative Agent may, upon notice to the Borrower and Services Provider, reclassify such Collateral Loan so that it shall cease to be a Recurring Revenue Loan. 

“Register” has the meaning set forth in Section 12.6(f). 

“Registered” means in registered form within the meaning of Sections 881(c)(2)(B)(i) and 163(f) of the Code and Section 5f.103-1(c) of the United States Department of the Treasury regulations and issued after July 18, 1984. 

“Regulation U” means Regulation U of the Federal Reserve Board, as in effect from time to time. 

“Reinvestment Period” means the period from and including the Closing Date to and including the earliest of (a) the date
that is 24 months after the Closing Date, extendable upon the Lenders’ and Borrower’s mutual consent (with written notice to the Administrative Agent), (b) the date of the acceleration of the maturity of the Loans or the termination
of the Commitments pursuant to Section 6.2, (c) any date on which a Market Trigger or Event of Default occurs which is not cured or waived by the Majority Lenders, (d) any date on which a Rating Failure Event
occurs pursuant to Section 5.41, (e) any date on which Borrower or the Services Provider reasonably determines that it can no longer acquire additional Collateral Loans appropriate for inclusion in the Collateral in
accordance with the terms of this Agreement and Corporate Services Agreement (provided that, in the case of this clause (e), an Authorized Officer of the Services Provider shall provide a written certification as to such determination to
the Agents, the Lenders and the applicable Rating Agency at least five Business Days prior to such date), (f) any date on which the Majority Lenders provide written notice to the Borrower that an event constituting “cause” as defined
in the Corporate Services Agreement has occurred, if as of the date of such notice, such “cause” event has not been waived by all the Lenders or cured and (g) the occurrence of the resignation or assignment (unless the Administrative
Agent has consented to such assignment) by the Services Provider of its rights and obligations under this Agreement and the Corporate Services Agreement. 

“Related Contracts” means all credit agreements, indentures, note purchase agreements, notes, security agreements, leases,
financing statements, filings, guaranties, and other contracts, agreements, documents, instruments and other papers evidencing, securing, guaranteeing or otherwise relating to any Collateral Loan or Eligible Investment or other investment with
respect to any Collateral or proceeds thereof (including the applicable underlying instruments and any Loan Assignment Agreement), together with all of the Borrower’s right, title and interest in and to all property or assets securing or
otherwise relating to any Collateral Loan or other loan or security of the Borrower or Eligible Investment or other investment with respect to any Collateral or proceeds thereof or any Related Contract. 

  
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 “Related Property” has the meaning assigned to such term in the Granting
Clause. 
 “Requested Amount” has the meaning set forth in Section 2.2(c). 

“Requested Conversion Portion” has the meaning set forth in Section 2.7(b)(i). 

“Required Amount” has the meaning set forth in Section 8.3(b). 

“Required S&P Credit Estimate Information” means S&P’s “Credit Estimate Information Requirements”
dated April 2011 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset. 

“Resolution Authority” means any body which has authority to exercise any Write-Down and Conversion Powers. 

“Retained Expense Amount” with respect to any Quarterly Payment Date means the amount, if any, by which (x) the sum of
the amount determined pursuant to the definition of “Quarterly Cap” for such Quarterly Payment Date and each of the three prior Quarterly Payment Dates exceeds (y) the sum of (i) the aggregate payments made under
Section 9.1(a)(i)(A)(2) on such Quarterly Payment Date and each of the three prior Quarterly Payment Dates and (ii) Administrative Expenses paid pursuant to Section 8.2(g) during each of the
Due Periods prior to each of the three prior Quarterly Payment Dates. 
 “Retained Interest” has the meaning set forth in
Exhibit G. 
 “Retention Holder” means Owl Rock Technology Finance Corp. II, and any successor thereto, as permitted
by the EU Retention Requirements. 
 “Retention Letter” means a letter relating to the retention of net economic interest
in substantially the form of Exhibit G hereto (relating to the EU Retention Requirements), from the Retention Holder and addressed to the Borrower, the Administrative Agent and any Affected Lender on the Closing Date and
for the benefit of any future Affected Lender, which shall include such letter entered into as of the Closing Date and each letter amending, restating, replacing, supplementing, updating or otherwise modifying such letter. 

“Revolving Commitment” means, with respect to each Revolving Lender, the commitment of such Revolving Lender to make
Revolving Loans to the Borrower during the Commitment Period in the amount set forth opposite such Revolving Lender’s name on the signature pages hereto (or pursuant to an Assignment and Assumption), as such amount may be terminated or reduced
(including pursuant to Section 2.7) in accordance with the terms of this Agreement. 
 “Revolving
Lender” means each Person that is listed as a “Revolving Lender” on the signature pages hereto, any Person that shall have become a party hereto pursuant to an Assignment and Assumption in respect of the Revolving Loans and, in
each case, their respective successors, in each case other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption in respect of the Revolving Loans. 

  
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 “Revolving Loans” has the meaning assigned to such term in
Section 2.1(a). 
 “Revolving Collateral Loan” means a Collateral Loan that provides the Obligor
thereunder with a revolving credit facility from which one or more borrowings may be made up to the stated principal amount of such revolving credit facility and which provides that borrowed amounts may be repaid and reborrowed from time to time.

 “Sale and Contribution Agreement” means the Sale and Contribution Agreement dated as of the date hereof, between the
Seller, as seller, and the Borrower, as buyer, as amended, restated, supplemented or otherwise modified from time to time. 
 “Sale
Proceeds” means all proceeds (excluding accrued interest, if any) received with respect to Collateral as a result of sales of such Collateral less any reasonable expenses incurred by the Borrower, the Services Provider or the Collateral
Agent (other than amounts payable as Administrative Expenses) in connection with such sales. 
 “Sanctioned Person” means
any Person that is a designated target of any Sanctions or otherwise a subject of any Sanctions, including as a result of being (a) owned or controlled directly or indirectly by any Persons (or Person) that are designated targets of any
Sanctions, or (b) organized or operating under the laws of, located in, or a citizen or resident of, any country or territory that is subject to comprehensive country- or territory-wide Sanctions. 

“Sanctions” means any economic or financial sanctions or trade embargoes (or similar measures) imposed, administered or
enforced from time to time by (a) the United States of America (including the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State), (b) the United Nations Security Council, (c) the
European Union or any member state thereof or (d) Her Majesty’s Treasury of the United Kingdom. 
 “Scenario Default
Rate” means, with respect to the Loans at any time, an estimate of the cumulative default rate for the Current Portfolio or the Proposed Portfolio, as applicable, consistent with S&P’s initial rating of the Loans, determined by
application by the Services Provider and the Collateral Administrator of the S&P CDO Monitor at such time. 
 “Scheduled
Distribution” means, with respect to any Collateral Loan, for each Due Date, the scheduled payment of principal and/or interest and/or fees due on such Due Date with respect to such Collateral Loan, determined in accordance with the
assumptions specified in Section 1.3. 
 “SEC” means the United States Securities and Exchange
Commission. 
 “Second Lien Loan” means any loan that: (a) is not (and cannot by its terms become) subordinate in
right of payment (but which may, for the avoidance of doubt, be subordinate in lien priority to the extent provided in clause (b)) to any other obligation of the Obligor of such loan except for the express priority provisions for any Senior
Secured Loans, Senior Secured Bonds, or First Lien/Last Out Loans of the Obligor, (b) is (and by its terms must continue to be) secured by a valid second-priority (other than with respect to trade claims,
capitalized leases or similar obligations and traditional bank revolving asset-based loan facilities that are reasonable and customary for similar loans) perfected security interest or lien in, to or on

  
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specified collateral securing the Obligor’s obligations under the Second Lien Loan the value of which is adequate (in the commercially reasonable judgment of the Borrower) to repay the loan
in accordance with its terms and to repay all other loans of equal or higher seniority secured by a lien or security interest in the same collateral and (c) is not secured solely or primarily by common stock or other equity interests; provided
that the limitation set forth in this clause (c) shall not apply with respect to a loan made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the extent that
(i) the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such loan or any other similar type of indebtedness owing to third parties)
and (ii) such subsidiary does not have any Indebtedness (other than current accounts payable in the ordinary course of business, capitalized leases or other similar indebtedness incurred in the ordinary course of business). For the avoidance of
doubt, First Lien/Last Out Loans are not Second Lien Loans. 
 “Secured Parties” means, collectively, the Agents, any
Interest Hedge Counterparty, the Collateral Administrator, the Custodian, the Document Custodian, the Securities Intermediary and the Lenders. 

“Securities Intermediary” means State Street Bank and Trust Company, in its capacity as securities intermediary under the
Account Control Agreement. 
 “Securitisation Regulation” means Regulation (EU) 2017/2402 of the European Parliament and of
the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, including any implementing regulation, technical standards. 

“Seller” means Owl Rock Technology Finance Corp. II. 

“Selling Institution” means an entity (including, but not limited to, the Seller) obligated to make payments to the Borrower
under the terms of a Participation Interest. 
 “Senior Authorized Officer” means, with respect to any Person, any officer
of such Person that is a chief executive officer, chief operating officer, chief credit officer, credit committee member, executive vice president or president (or, in each case, any other officer with a position analogous to those identified above
and in the case of any limited liability company, any manager) or any other officer responsible for the management or administration of the Collateral or the performance of such Person’s obligations under the Loan Documents. 

“Senior Secured Bond” means any Bond that: (a) is not (and cannot by its terms become) subordinate in right of payment
(but which may, for the avoidance of doubt, be subordinate in lien priority to the extent provided in clause (b)) to any other obligation of the Obligor of such loan; (b) is (and by its terms must continue to be) secured by a valid first
priority (other than with respect to trade claims, capitalized leases or similar obligations and traditional bank revolving asset-based loan facilities that are reasonable and customary for similar loans)
perfected security interest or lien in, to or on specified collateral securing the Obligor’s obligations under such Bond; (c) the value of the collateral securing such Bond at the time of acquisition together with other attributes of the
Obligor (including, without limitation, its general financial 

  
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condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment of the Services Provider) to repay
such Bond in accordance with its terms and to repay all other such loans of equal seniority secured by a first lien or security interest in the same collateral; and (d) is not secured solely or primarily by common stock or other equity
interests; provided that the limitation set forth in this clause (d) shall not apply with respect to a loan made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the
extent that (i) the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such loan or any other similar type of indebtedness owing to
third parties) and (ii) such subsidiary does not have any Indebtedness (other than current accounts payable in the ordinary course of business, capitalized leases or other similar indebtedness incurred in the ordinary course of business). 

“Senior Secured Loan” means any loan that: (a) is not (and cannot by its terms become) subordinate in right of payment
(but which may, for the avoidance of doubt, be subordinate in lien priority to the extent provided in clause (b)) to any other obligation of the Obligor of such loan; (b) is (and by its terms must continue to be) secured by a valid first
priority (other than with respect to trade claims, capitalized leases or similar obligations and, in the case of term loans only, traditional bank revolving asset-based loan facilities that are reasonable and
customary for similar loans) perfected security interest or lien in, to or on specified collateral securing the Obligor’s obligations under such loan; (c) the value of the collateral securing such loan at the time of acquisition together
with other attributes of the Obligor (including, without limitation, its general financial condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment
of the Services Provider) to repay such loan in accordance with its terms and to repay all other such loans of equal seniority secured by a first lien or security interest in the same collateral; and (d) is not secured solely or primarily by
common stock or other equity interests; provided that the limitation set forth in this clause (d) shall not apply with respect to a loan made to a parent entity that is secured solely or primarily by the stock of one or more of the
subsidiaries of such parent entity to the extent that (i) the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such loan or any other
similar type of indebtedness owing to third parties) and (ii) such subsidiary does not have any Indebtedness (other than current accounts payable in the ordinary course of business, capitalized leases or other similar indebtedness incurred in
the ordinary course of business). 
 “Senior Services Fee” has the meaning assigned to such term in the Corporate Services
Agreement. 
 “Services Fee” means, collectively, the Senior Services Fees and the Subordinated Services Fees. 

“Services Provider” means Owl Rock Technology Finance Corp. II, or any successor in such capacity in accordance with the
Corporate Services Agreement. 

  
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 “Servicing Standard” means, with respect to the Borrower and the Services
Provider, in rendering its services hereunder and under the other Loan Documents, diligently using a degree of skill and attention no less than that which (i) would be exercised by a prudent institutional portfolio manager in connection with
the servicing and administration of assets similar to the Collateral Loans under similar circumstances and (ii) the Services Provider exercises with respect to comparable assets that it manages for itself and for others having similar
investment objectives and restrictions in accordance with its existing practices and procedures relating to assets of the nature and character of the Collateral Loans. 

“Similar Law” has the meaning assigned to such term in Section 4.5(b). 

“SOFR” means the secured overnight financing rate as administered by the SOFR Administrator. 

“SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). 

“SOFR Administrator’s Website” means the website of the SOFR Administrator, currently at http://www.newyorkfed.org, or
any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR.” 

“S&P CDO Monitor” means the dynamic, analytical computer model developed by S&P used to calculate the default
frequency in terms of the amount of debt assumed to default as a percentage of the original principal amount of the Collateral Loans consistent with a specified benchmark rating level based upon certain assumptions (including the Weighted Average
S&P Recovery Rate) and S&P’s proprietary corporate default studies, as may be amended by S&P from time to time upon notice to the Borrower, the Administrative Agent and the Collateral Administrator. Inputs for the S&P CDO
Monitor will be chosen by the Services Provider (with notice to the Collateral Administrator) and associated with either (x) a recovery rate for the Loans from the S&P Recovery Rate Matrix, or a “Weighted Average Floating Spread”
from the S&P Weighted Average Floating Spread Matrix or (y) a weighted average recovery rate for the Loans and a weighted average floating spread selected by the Services Provider (with notice to the Collateral Administrator) and confirmed
by S&P; provided that the Services Provider shall not be permitted to select a spread higher than the current Weighted Average Spread, or a recovery rate higher than the current Weighted Average S&P Recovery Rate. 

“S&P CDO Monitor Recovery Rate” means the weighted average recovery rate applicable as of any date of determination
determined pursuant to clause (x) or (y) of the definition of S&P CDO Monitor. 
 “S&P CDO Monitor Test”
means a test that shall be satisfied if on any Measurement Date and during the Reinvestment Period, if, after giving effect to the purchase of a Collateral Loan, the Default Differential of the Proposed Portfolio with respect to the Loans is
positive. The Borrower (or the Services Provider on behalf of the Borrower) shall make reasonable efforts to obtain the S&P CDO Monitor input file by the Calculation Date related to the first Quarterly Payment Date. The S&P CDO Monitor Test
shall be considered to be improved if the Default Differential of the Proposed Portfolio that is not positive is greater than the Default Differential of the Current Portfolio. 

  
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 “S&P Counterparty Criteria” means with respect to any Participation
Interest, a criterion that will be met if immediately after giving effect to such acquisition, the percentage of the Aggregate Principal Balance of the Collateral Loans that consists in the aggregate of Participation Interests with Selling
Institutions with the relevant agent bank that have the same or a lower credit rating, does not exceed the “Aggregate Percentage Limit” (in the case of all Selling Institutions) or “Individual Percentage Limit” (in the case of a
Selling Institution) set forth below for such credit rating 
  

									
	 S&P credit rating of

Selling Institution
(at or below)
	  	Aggregate
Percentage
Limit	 	 	Individual Percentage
Limit	 
	 AAA
	  	 	20	% 	 	 	20	% 
	 AA+
	  	 	10	% 	 	 	10	% 
	 AA
	  	 	10	% 	 	 	10	% 
	 AA-
	  	 	5	% 	 	 	5	% 
	 A+
	  	 	5	% 	 	 	5	% 
	 A**
	  	 	5	% 	 	 	5	% 
	 A*** and A- and below
	  	 	0	% 	 	 	0	% 

  
  

	**	 Only for so long as the Selling Institution or agent, as applicable, has an S&P long-term unsecured debt rating of at least A and a short-term unsecured debt rating of at least A-1. If such Selling Institution or
agent, as applicable, does not have an S&P short-term unsecured debt rating or has an S&P short-term unsecured debt rating of less than A-1, then the minimum S&P rating for purposes of the S&P Counterparty Criteria will be A+. 

	***	 If the Selling Institution or agent, as applicable, does not have a
short-term unsecured debt rating by S&P of at least A-1. 

“S&P Industry Classification” means each industry identified on Schedule D. 

“S&P Minimum Floating Spread” means the weighted average floating spread applicable as of any date of determination
determined pursuant to clause (x) or (y) of the definition of S&P CDO Monitor. 
 “S&P Rating” means with
respect to any Collateral Loan, as of any date of determination, the rating determined in accordance with the following methodology: 

(a) (i) if there is an issuer credit rating of the issuer of such Collateral Loan by S&P as published by S&P, or
the guarantor which unconditionally and irrevocably guarantees such Collateral Loan pursuant to a form of guaranty meeting applicable then-current S&P guarantee criteria, then the S&P Rating will be
such rating (regardless of whether there is a published rating by S&P on the Collateral Loans of such issuer held by the Borrower) or (ii) if there is no issuer credit rating of the issuer by S&P but (A) if there is a senior
unsecured rating on any obligation or security of the issuer, the S&P Rating of such Collateral Loan will equal such rating; (B) if there is a senior secured rating on any obligation or security of the issuer, then the S&P Rating of
such Collateral Loan will be one subcategory below such rating; and (C) if there is a subordinated rating on any obligation or security of the issuer, then the S&P Rating of such Collateral Loan will be one subcategory above such rating;

  
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 (b) if the S&P Rating is not determined pursuant to clauses (a),
then the S&P Rating shall be the S&P equivalent of the public rating by Moody’s of such obligation or issuer except that the S&P Rating of such obligation will be (A) one subcategory below the S&P equivalent of such public
rating if such public rating is “Baa3” or higher and (B) two subcategories below the S&P equivalent of such public rating if such public rating is “Ba1” or lower; or 

(c) if the S&P Rating is not determined pursuant to clauses (a) or (b), the S&P Rating may be based on a credit
estimate provided by S&P, and in connection therewith, the Borrower, the Services Provider on behalf of the Borrower or the issuer of such Collateral Loan shall, prior to or within 30 days after the acquisition of such Collateral Loan, apply
(and concurrently submit all available Required S&P Credit Estimate Information in respect of such application) to S&P for a credit estimate which will be its S&P Rating; provided that, until the receipt from S&P of such estimate,
such Collateral Loan will have an S&P Rating as determined by the Services Provider in its sole discretion if the Services Provider certifies to the Administrative Agent that it believes that such S&P Rating determined by the Services
Provider is commercially reasonable and will be at least equal to such rating; provided, further, that if such Required S&P Credit Estimate Information is not submitted within such 30-day period, then,
pending receipt from S&P of such estimate, the Collateral Loan will have (1) the S&P Rating as determined by the Services Provider for a period of up to 90 days after acquisition of such Collateral Loan and (2) an S&P
Rating of “CCC-” following such 90 day period; unless, during such 90 day period, the Services Provider has requested the extension of such period and S&P, in its sole discretion, has
granted such request; provided, further, that such confirmed or updated credit estimate will expire on the 12-month anniversary of such confirmation or update, unless confirmed or updated prior thereto;
provided, further, that, if there is a Material Change with respect to any Collateral Loan with an S&P Rating determined pursuant to this clause, the Borrower, or the Services Provider on behalf of the Borrower, shall, upon notice or knowledge
thereof, notify S&P and provide available Required S&P Credit Estimate Information and any other available information S&P reasonably requests with respect thereto via email to CreditEstimates@spglobal.com; and 

(d) if the S&P Rating is not determined pursuant to clauses (a), (b), or (c), (I) with respect to a Current Pay
Obligation, the S&P Rating will be “CCC”, and (II) with respect to a Collateral Loan that is not a Current Pay Obligation, the S&P Rating of such Collateral Loan will at the election of the Borrower (at the direction of the
Services Provider) be “CCC-” provided that (i) the Services Provider expects the Obligor in respect of such Collateral Loan to continue to meet its payment obligations under such Collateral
Loan, (ii) such Obligor is not currently in reorganization or bankruptcy, (iii) such Obligor has not defaulted on any of its debts during the immediately preceding two year period and (iv) at any time that more than 10% of the
Aggregate Principal Balance consists of Collateral Loans with S&P Ratings determined pursuant to this clause (d), the Borrower will submit all available Required S&P Credit Estimate Information in respect of such Collateral Loans to
S&P; provided that for purposes of the determination of the S&P 

  
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Rating, (x) if the applicable rating assigned by S&P to an obligor or its obligations is on “credit watch positive” by S&P, such rating will be treated as being one
subcategory above such assigned rating and (y) if the applicable rating assigned by S&P to an obligor or its obligations is on “credit watch negative” by S&P, such rating will be treated as being one subcategory below such
assigned rating. 
 “S&P Rating Factor” means, for each Collateral Loan, the number set forth to the right of the
applicable S&P Rating of such Collateral Loan: 
  

					
	 S&P Rating
	  	S&P Rating
Factor	 
	 AAA
	  	 	13.51	 
	 AA+
	  	 	26.75	 
	 AA
	  	 	46.36	 
	 AA-
	  	 	63.90	 
	 A+
	  	 	99.50	 
	 A
	  	 	146.35	 
	 A-
	  	 	199.83	 
	 BBB+
	  	 	271.01	 
	 BBB
	  	 	361.17	 
	 BBB-
	  	 	540.42	 
	 BB+
	  	 	784.92	 
	 BB
	  	 	1233.63	 
	 BB-
	  	 	1565.44	 
	 B+
	  	 	1982.00	 
	 B
	  	 	2859.50	 
	 B-
	  	 	3610.11	 
	 CCC+
	  	 	4641.40	 
	 CCC
	  	 	5293.00	 
	 CCC-
	  	 	5751.10	 
	 CC
	  	 	10,000.00	 

 “S&P Recovery Rate” means with respect to a Collateral Loan, the recovery rate determined
in the manner set forth in Schedule D hereto. 
 “S&P Recovery Rate Matrix” means the S&P
Recovery Rate Matrix set forth on Schedule D. 
 “S&P Weighted Average Floating Spread
Matrix”: A spread between 2.00% and 8.00% (in increments of .01%) without exceeding the current Weighted Average Spread (determined as if all Discount Loans instead constituted Collateral Loans that are not Discount Loans) as of such
Measurement Date. 

  
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 “S&P Weighted Average Rating Factor” means the quotient equal to
‘A divided by B’, where: 
 A = the sum of the products, for all Collateral Loans (excluding Defaulted Loans) of (i) the
Principal Balance of the Collateral Loans and (ii) the S&P Rating Factor of the Collateral Loan; and 
 B = the Aggregate Principal
Balance of all Collateral Loans (excluding Defaulted Loans). 
 “Specified Change” means any amendment, consent,
modification or waiver of, or supplement to, a Related Contract that (a) extends the final maturity of a Collateral Loan beyond the Stated Maturity; (b) reduces or forgives the outstanding principal amount of a Collateral Loan (other than
a Defaulted Loan that has been a Defaulted Loan for one year or more); (c) reduces the rate of cash interest payable on a Collateral Loan by more than 10% (other than a Defaulted Loan that has been a Defaulted Loan for one year or more and
excluding any reduction that (x) is not the result, in the reasonable determination of the Service Provider, of the financial distress of the obligor, (y) does not result in the creation of a PIK Loan after giving effect to such
reduction); (d) extends the scheduled date of expiration or termination of any commitment to make revolving loans or delayed draws; (e) modify the amortization schedule with respect to such Collateral Loan in a manner that causes the
Weighted Average Life of the applicable Collateral Loan to increase by more than 10%; (f) increases the commitment to make revolving loans or delayed draws; (g) alters any provision requiring the pro rata treatment of like obligations or
priority of payments of obligations under the Related Contract which, in either case, affects such Collateral Loan in a manner that materially and adversely impacts the holders thereof; (h) releases any Obligor, material guarantor or co-obligor of a Collateral Loan from its obligations or permits such Person to assign or transfer its rights in a manner other than as contemplated by the Related Contract; or (i) releases a material portion of
the collateral securing such Collateral Loan (excluding Defaulted Loans and any such releases associated with a prepayment) other than as contemplated by the Related Contract. 

“Sponsor” means the Financial Sponsor that is the majority holder of the equity interests in an applicable Obligor. 

“Standard & Poor’s” or “S&P” means Standard & Poor’s Ratings
Services, a Standard & Poor’s Financial Services LLC business, and any successor thereto. 
 “Stated
Maturity” means July 15, 2032. 
 “Step-Down Loan” means an
obligation or security which by the terms of the applicable Related Contracts provides for a decrease in the per annum interest rate on such obligation or security (other than by reason of any change in the applicable index or benchmark rate used to
determine such interest rate) or in the spread over the applicable index or benchmark rate, solely as a function of the passage of time; provided that an obligation or security providing for payment of a constant rate of interest or in the
spread over the applicable index or benchmark rate at all times after the date of acquisition by the Borrower shall not constitute a Step-Down Loan. 

  
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 “Step-Up Loan” means an
obligation or security which by the terms of the applicable Related Contracts provides for an increase in the per annum interest rate on such obligation or security, or in the spread over the applicable index or benchmark rate, solely as a function
of the passage of time; provided that an obligation or security providing for payment of a constant rate of interest or in the spread over the applicable index or benchmark rate at all times after the date of acquisition by the Borrower shall
not constitute a Step-Up Loan. 
 “Structured Finance Obligation” means any
obligation issued by a special purpose entity secured directly and primarily by, referenced to, or representing ownership of, a pool of receivables or other financial assets of any Obligor (excluding any loan made to an operating business that buys,
sells and/or liquidates such assets in the ordinary course of business), including (but not limited to) collateralized debt obligations, collateralized loan obligations, asset backed securities and mortgage backed securities or any re-securitization thereof. 
 “Subordinated Loan” means a loan obligation of any
corporation, partnership, trust or other business entity that is (i) (whether by its terms or otherwise) subordinate in right of payment or security to any other debt for borrowed money incurred by the Obligor under such loan and (ii) not
a Second Lien Loan or a First Lien/Last Out Loan. 
 “Subordinated Services Fee” has the meaning assigned to such term in
the Corporate Services Agreement. 
 “Subsidiary” means any corporation, limited partnership, limited liability company or
other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by the Borrower. 

“Supported QFC” has the meaning set forth in Section 15.1. 

“Synthetic Security” means a security or swap transaction, other than a Participation Interest, that has payments associated
with either payments of interest on and/or principal of a reference obligation or the credit performance of a reference obligation. 

“Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings imposed by
any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Term Commitment”
means, with respect to each Term Lender, the commitment of such Term Lender to make Term Loans to the Borrower during the Commitment Period in the amount set forth opposite such Term Lender’s name on the signature pages hereto (or pursuant to
Assignment and Assumption), as such amount may be terminated or reduced (including pursuant to Section 2.7) from time to time in accordance with the terms of this Agreement. 

“Term Lender” means each Person that is listed as a “Term Lender” on the signature pages hereto, any Person that
shall have become a party hereto pursuant to an Assignment and Assumption in respect of a Term Loan, any Person that shall have converted all or a portion of its Revolving Loans into Term Loans pursuant to Section 2.7(b) of
this Agreement and, in each case, their respective successors, in each case other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption in respect of its Term Loans. 

  
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 “Term Loan” has the meaning assigned to such term in
Section 2.1(b). 
 “Term SOFR” means, with respect to any Term SOFR Loan and for any tenor
comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m. (Chicago time) three U.S. Government Securities Business Days prior to the commencement of such Interest Period (such day, a “Term SOFR
Determination Day”), as such rate is published by the CME Term SOFR Administrator. If by 5:00 p.m. (New York City time) on such Term SOFR Determination Day, “Term SOFR” for the applicable tenor has not been published by the CME
Term SOFR Administrator and Term SOFR does not otherwise cease to exist, then the Term SOFR for such Term SOFR Determination Day will be the Term SOFR as published in respect of the first preceding U.S. Government Securities Business Day for which
such Term SOFR was published by the CME Term SOFR Administrator, so long as such first preceding Business Day is not more than five Business Days prior to such Term SOFR Determination Day. 

“Term SOFR Borrowing” means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing. 

“Term SOFR Determination Day” has the meaning specified in the definition of “Term SOFR.” 

“Term SOFR Loan” means a Loan that bears interest at a rate based on Term SOFR. 

“Term SOFR Reference Rate” means, for any day and any time, with respect to any Term SOFR Loan and for any tenor comparable
to the applicable Interest Period, the rate per annum determined by the Administrative Agent as the forward-looking term rate based on SOFR. 

“Total Capitalization” means, at any time, the sum of (a) the Aggregate Principal Balance of the Collateral Loans
(excluding any Defaulted Loans), plus (b) the Recovery Value of the Defaulted Loans, plus (c) the aggregate amount of the Undrawn Commitments, plus (d) the amount of all cash and Eligible Investments in the
Collection Account and in the Future Funding Reserve Account, in each case constituting Principal Proceeds. 
 “Total Debt/EBITDA
Ratio”: means, with respect to any Collateral Loan as of the date of acquisition by the Borrower, the meaning of “Total Debt/EBITDA Ratio” or any comparable definition in the Related Contracts for such Collateral Loan. In case
that “Total Debt/EBITDA Ratio” or such comparable definition is not defined in such Related Contracts, for any Obligor, the ratio of (x) Indebtedness of such Obligor to (y) EBITDA of such Obligor. 

“Total Revolving Commitment” means, as of any date of determination, the aggregate amount of the Revolving Commitments on
such date, which as of the Closing Date is $300,000,000. 
 “Total Term Commitment” means, as of any date of determination,
the aggregate amount of the Term Commitments on such date, and as may be reduced from time to time, which as of the Closing Date is $300,000,000. 

  
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 “U.S. Government Securities Business Day” means any day except for
(i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United
States government securities. 
 “U.S. Person” means any Person that is a “United States person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Special Resolution Regimes” has the meaning set forth in
Section 15.1. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to
such term in Section 11.3. 
 “UK Bail-In Legislation”
means (to the extent that the United Kingdom is not an EEA Member Country which has implemented, or implements, Article 55 BRRD) Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule
applicable in the United Kingdom relating to the resolutions of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“UK Financial Institution” means any BRRD Undertakings (as such term is defined under the PRA Rulebook (as amended from time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York, except as otherwise
specified in this Agreement. 
 “Undrawn Commitment” means, with respect to any Lender at any time, an amount (which may
not be less than zero) equal to the undrawn portion of such Lender’s Commitment at such time. 
 “Unfunded Amount”
means, at any time, the sum of (i) the aggregate Exposure Amount at such time plus (ii) the aggregate Unsettled Amount at such time. 

“United States” means the United States of America, including the states and the District of Columbia, but excluding its
territories and possessions. 
 “Unsettled Amount” means, as of any date, all amounts due in respect of any Collateral
Loans that the Borrower has entered into a binding commitment to acquire but has not yet settled. 

  
 -60- 

 “Weighted Average Coupon” means, with respect to Fixed Rate Obligations
(excluding Defaulted Loans), as of any date, the number obtained by: 
 (x) summing (i) the sum of the products obtained
by multiplying the required cash-pay portion of the interest coupon of each such Fixed Rate Obligation (plus any other fees (such as anniversary fees, commitment fees, etc.) that are contractually required to
be paid) as of such date by the Principal Balance of each such Collateral Loan as of such date and (ii) the sum of the products obtained by multiplying, with respect to each such Collateral Loan that is a Revolving Collateral Loan or a Delayed
Funding Loan, the related commitment or undrawn fee as of such date by the Exposure Amount of each such Collateral Loan as of such date, and 

(y) dividing such sum by the Aggregate Principal Balance plus the Exposure Amount of all such Collateral Loans, and rounding
the result up to the nearest 0.001%; provided that if the foregoing amount is less than 6.50%, then all or a portion of the Weighted Average Coupon Adjustment, if any, as of such date, to the extent not exceeding such shortfall, shall be added to
such result. 
 “Weighted Average Coupon Adjustment” means, as of any date, a fraction (expressed as a percentage), the
numerator of which is equal to the product of (i) the excess, if any, of the Weighted Average Spread for such date over the S&P Minimum Floating Spread and (ii) the Aggregate Principal Balance plus the Exposure Amount of all
Floating Rate Obligations (excluding Defaulted Loans), and the denominator of which is the Aggregate Principal Balance plus Exposure Amount of all Fixed Rate Obligations (excluding Defaulted Loans). In computing the Weighted Average Coupon
Adjustment on any date, the Weighted Average Spread for such Measurement Date shall be computed as if the Weighted Average Spread Adjustment was equal to zero. 

“Weighted Average Life” means, as of any Measurement Date, the number obtained by (a) for each Collateral Loan (other
than a Defaulted Loan), multiplying the amount of each Scheduled Distribution of principal (treating each Revolving Collateral Loan and Delayed Funding Loan as if the same were fully funded) to be paid after such Measurement Date by the number of
years (rounded to the nearest hundredth) from such Measurement Date until such Scheduled Distribution of principal is due; (b) summing all of the products calculated pursuant to clause (a); and (c) dividing the sum calculated pursuant
to clause (b) by the sum of all Scheduled Distributions (treating each Revolving Collateral Loan and Delayed Funding Loan as if the same were fully funded) of principal due on all the Collateral Loans (other than Defaulted Loans) as of such
Measurement Date. 
 “Weighted Average Rating” means the number obtained by (a) multiplying the Principal Balance of
each Collateral Loan (excluding any Defaulted Loan) by its S&P Rating Factor on any date of determination; (b) summing the products obtained in clause (a) for all Collateral Loans; (c) dividing the sum obtained in clause (b)
by the Aggregate Principal Balance of all Collateral Loans (excluding any Defaulted Loan that is not a Current Pay Obligation) on such date of determination; and (d) rounding the result to the nearest whole number; provided that any
Collateral Loans the ratings of which have been determined by the Services Provider for the period set forth in clause (d) of the definition of “S&P Rating” shall be excluded from the calculations made under this definition for
the duration of such period. 

  
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 “Weighted Average Rating Test” means a test that will be satisfied as of
any date of determination if the Weighted Average Rating of the Collateral Loans as of such date of determination is equal to or less than 4000. 

“Weighted Average S&P Recovery Rate” means, as of any date of determination, the number, expressed as a percentage,
obtained by summing the products obtained by (a) multiplying the outstanding Maximum Principal Balance of each Collateral Loan by its corresponding recovery rate as determined separately for each Collateral Loan in accordance with
Section 1 of Schedule D hereto, (b) dividing such sum by the Aggregate Maximum Principal Balance of all of the Collateral Loans, and (c) rounding to the nearest tenth of a percent. 

“Weighted Average Spread” means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of
any date, the number obtained by: 
 (x) summing (i) the sum of the products obtained by multiplying the excess of the cash-pay portion of the interest rate payable on such Collateral Loan (plus for any Collateral Loan, any other fees (such as anniversary fees, commitment fees, etc.) that are contractually required to be paid) (such
rate stated as a per annum rate) over Term SOFR as then in effect (which spread or excess may be expressed as a negative percentage) by the Principal Balance of each Collateral Loan as of such date and (ii) the sum of the products obtained by
multiplying, with respect to each such Collateral Loan that is a Revolving Collateral Loan or a Delayed Funding Loan, the related commitment or undrawn fee as of such date by the Exposure Amount of each such Collateral Loan as of such date; and 

(y) dividing such sum by the Aggregate Principal Balance plus the Exposure Amount of all such Collateral Loans, and
rounding the result up to the nearest 0.001%; provided that if the foregoing amount is less than the S&P Minimum Floating Spread (in calculating the Minimum Weighted Average S&P Spread Test) or 5.00% (in calculating the Minimum Weighted
Average Lender Spread Test), then all or a portion of the Weighted Average Spread Adjustment, if any, as of such date, to the extent not exceeding such shortfall, shall be added to such result. 

“Weighted Average Spread Adjustment” means, as of any date, a fraction (expressed as a percentage), the numerator of which is
equal to the product of (i) the excess, if any, of the Weighted Average Coupon for such date over 6.50% and (ii) the Aggregate Principal Balance plus the Exposure Amount of all Fixed Rate Obligations (in each case excluding Defaulted
Loans), and the denominator of which is the Aggregate Principal Balance plus the Exposure Amount of all Floating Rate Obligations as of such date (in each case excluding Defaulted Loans). In computing the Weighted Average Spread Adjustment on
any Measurement Date, the Weighted Average Coupon for such date shall be computed as if the Weighted Average Coupon Adjustment was equal to zero. 

“Withholding Agent” means the Borrower and the Administrative Agent. 

  
 -62- 

 “Write-Down and Conversion
Powers” means: 
 (a) with respect to any Bail-In Legislation described in the EU Bail-In Legislation Schedule, the powers described as such in relation to that Bail-In Legislation in the EU Bail-In Legislation
Schedule; and 
 (b) with respect to the United Kingdom, any powers under the UK Bail-In Legislation
to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that
person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that UK Bail-In Legislation that are related to or ancillary to any of those powers. 
 “Zero Coupon
Loan” means a Collateral Loan that at the time of acquisition does not by its terms provide for periodic payments of interest in Cash. 

Section 1.2 Accounting Terms and Determinations and UCC Terms. 

(a) Unless otherwise specified herein, all accounting terms used herein shall be interpreted and all accounting determinations
hereunder shall be made in accordance with GAAP as in effect from time to time. 
 (b) Unless otherwise specified herein and
unless the context requires a different meaning, all terms used herein that are defined in Articles 8 and 9 of the UCC are used herein as so defined. 

Section 1.3 Assumptions and Calculations with respect to Collateral Loans. 

In connection with all calculations required to be made pursuant to this Agreement with respect to Scheduled Distributions on any Collateral
Loans, or any payments on any other assets included in the Collateral, with respect to the sale of and reinvestment in Collateral Loans, and with respect to the income that can be earned on Scheduled Distributions on such Collateral Loans and on any
other amounts that may be received for deposit in the Collection Account, the provisions set forth in this Section 1.3 shall be applied. The provisions of this Section 1.3 shall be applicable to
any determination or calculation that is covered by this Section 1.3, whether or not reference is specifically made to Section 1.3, unless some other method of calculation or determination is
expressly specified in the particular provision. 
 (a) Scheduled interest due on Collateral Loans on which payments are
subject to foreign withholding taxes, will be the minimum net amount to be received after giving effect to the maximum permitted withholding and to any “gross-up” payments required to be made by the
related Obligor pursuant to such loan’s Related Contracts. 
 (b) Notwithstanding any other provision of this Agreement
to the contrary, all monetary calculations under this Agreement shall be in Dollars. 

  
 -63- 

 (c) The determination of the percentage of Total Capitalization that would
be represented by a specified type of Collateral Loans will be calculated by dividing the Aggregate Maximum Principal Balance of such specified type of Collateral Loans by Total Capitalization. For purposes of this
Section 1.3(c), a “type” of Collateral Loan shall correspond to each clause of the definition of “Concentration Limitations” and to each reference to Current Pay Obligations in the respective provisos to
the definitions of Current Pay Obligation and Defaulted Loan. 
 (d) Any portion of a Collateral Loan or other loan or
security owned of record by the Borrower that has been assigned by the Borrower to a third party and released from the Lien of this Agreement in accordance with the terms hereof shall no longer constitute Collateral or a Collateral Loan hereunder.

 (e) For purposes of calculating the Coverage Tests, except as otherwise specified in the Coverage Tests, such calculations
will not include scheduled interest and principal payments on Defaulted Loans unless or until such payments are actually made. 

(f) For each Due Period and as of any date of determination, the Scheduled Distribution on any Collateral Loans (other than
Defaulted Loans, which, except as otherwise provided herein, shall be assumed to have a Scheduled Distribution of zero) shall be the sum of (i) the total amount of payments and collections to be received during such Due Period in respect of
such Collateral Loans (including the proceeds of the sale of such Collateral Loans received and, in the case of sales which have not yet settled, to be received during such Due Period) and not reinvested in additional Collateral Loans or retained in
the Collection Account for subsequent reinvestment pursuant to Section 8.2 that, if received as scheduled, will be available in the Collection Account at the end of such Due Period and (ii) any such amounts received in
prior Due Periods that were not disbursed on a previous Quarterly Payment Date or retained in the Collection Account for subsequent reinvestment pursuant to Section 8.2. 

(g) Each Scheduled Distribution receivable with respect to a Collateral Loan shall be assumed to be received on the applicable
Due Date, and each such Scheduled Distribution shall be assumed to be immediately deposited in the Collection Account to earn interest at the Assumed Investment Rate. All such funds shall be assumed to continue to earn interest until the date on
which they are required to be available in the Collection Account for application, in accordance with the terms hereof, to payments of principal of or interest on the Loans or other amounts payable pursuant to this Agreement. 

(h) References in the Priority of Payments to calculations made on a “pro forma basis” shall mean such calculations
after giving effect to all payments, in accordance with the Priority of Payments, that precede (in priority of payment) or include the clause in which such calculation is made. 

(i) For purposes of calculating all Concentration Limitations, in the numerator of any component of the Concentration
Limitations, Defaulted Loans will be treated as having a Maximum Principal Balance equal to the Recovery Value. 
 (j) Except
as otherwise provided herein, Defaulted Loans will not be included in the calculation of the Collateral Quality Test. 

  
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 (k) For purposes of calculating the Coverage Tests, the Collateral Quality
Test and the Concentration Limitations, capitalized or deferred interest (and any other interest that is not paid in cash) on Collateral Loans will be excluded other than any capitalized or deferred interest that is acquired using Principal Proceeds
or the proceeds of any Borrowing. 
 (l) References in this Agreement to the Borrower’s “purchase” or
“acquisition” of a Collateral Loan include references to the Borrower’s receipt by contribution from the Seller or making or origination of such Collateral Loan. Portions of the same Collateral Loan acquired by the Borrower on
different dates (whether through purchase or receipt by contribution thereof, but excluding subsequent draws under Revolving Collateral Loans or Delayed Funding Loans) will, for purposes of determining the purchase price of such Collateral Loan, be
treated as separate purchases on separate dates (and not a weighted average purchase price for any particular Collateral Loan). 

(m) For purposes of calculating the Weighted Average Spread or Weighted Average Coupon, (i) a Collateral Loan that is a Step-Down Loan will be treated as having the lowest per annum interest rate or spread over the applicable index or benchmark rate over the remaining maturity of such Collateral Loan and (ii) a Collateral Loan
that is a Step-Up Loan will be treated as having the then current per annum interest rate or spread over the applicable index or benchmark rate. 

(n) For purposes of calculating compliance with any tests under this Agreement (including without limitation the Coverage
Tests, the Collateral Quality Test, the Lender Advance Rate Test, and the Concentration Limitations), the trade date (and not the settlement date) with respect to any acquisition or disposition of a Collateral Loan or Eligible Investment shall be
used to determine whether and when such acquisition or disposition has occurred. 
 (o) For purposes of calculating the
Principal Collateralization Amount and the Investment Criteria Adjusted Balance, Discount Loans shall be allocated so as to result in the lowest possible calculation of the Principal Collateralization Amount and the Investment Criteria Adjusted
Balance. 
 (p) For the avoidance of doubt, neither a failure to satisfy the Eligibility Criteria upon the acquisition of a
debt obligation nor a breach of Section 5.12 shall occur solely as a result of any property of an Obligor being subject to a Lien imposed by law, such as materialmen’s, warehousemen’s, mechanics’,
carriers’, workmen’s and repairmen’s Liens and other similar Liens, arising by operation of law in the ordinary course of business for sums that are not overdue or are being contested in good faith. 

(q) Any use of “material” or “materially” or words of similar meaning in this Agreement shall mean material
to the ability of the Borrower or the Services Provider to perform its obligations under the Loan Documents or to the rights and remedies of the Secured Parties under the Loan Documents. 

  
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 (r) For the avoidance of doubt, each Ineligible Asset shall be disregarded
for the purposes of calculating the Coverage Tests, the Collateral Quality Test, the Concentration Limitations, and the Lender Advance Rate Test. 

(s) If a Collateral Loan included in the Collateral would be deemed a Current Pay Obligation but for the applicable percentage
limitation in the proviso to the definition of “Defaulted Loan,” then the Current Pay Obligations with the lowest Market Value (assuming that such Market Value is expressed as a percentage of the Principal Balance of such Current Pay
Obligations as of the date of determination) shall be deemed Defaulted Loans. Each such Defaulted Loan will be treated as a Defaulted Loan for all purposes until such time as the Aggregate Principal Balance of Current Pay Obligations would not
exceed, on a pro forma basis including such Defaulted Loan, the applicable percentage of Total Capitalization. 
 Section 1.4
Cross-References; References to Agreements 
 “Herein”, “hereof”
and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision. Unless otherwise specified, references in this Agreement to any Article, Section, Schedule or Exhibit are
references to such Article or Section of, or Schedule or Exhibit to, this Agreement, and references in any Article, Section, Schedule or definition to any subsection or clause are references to such subsection or clause of such Article, Section,
Schedule or definition. Unless otherwise specified, all references herein to any agreement or instrument shall be interpreted as references to such agreement or instrument as it may be amended, supplemented or restated from time to time in
accordance with its terms and the terms of this Agreement and the other Loan Documents. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. 
 Section 1.5 Reference
to Secured Parties. In each case herein where any payment or distribution is to be made or notice is to be given to the “Secured Parties”, (i) such payments and distributions in respect of the Lenders shall be made to the
Collateral Agent and (ii) such notices in respect of the Lenders shall be made to the Administrative Agent. 
 Section 1.6
References to S&P. Until S&P provides a rating of the credit facility evidenced by this Agreement, (i) all references herein to notice or other delivery to be provided to S&P shall be disregarded, (ii) all references
herein to the Rating Condition shall be deemed satisfied, and (iii) all references to any Collateral Quality Test which applies when the Loans are rated and any other S&P test, including the related criteria and definitions, shall not
apply. In the event that the facility evidenced by this Agreement is rated by a Rating Agency other than S&P, the parties agree to amend this Agreement as reasonably necessary to reflect the criteria of the applicable Rating Agency. 

  
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 ARTICLE II 

THE LOANS 

Section 2.1 The Commitments. 

On the terms and subject to the applicable conditions hereinafter set forth, including, without limitation,
Article III: 
 (a) each Revolving Lender severally agrees to make loans to the Borrower (each, a
“Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate principal amount at any one time outstanding up to but not
exceeding (i) such Lender’s Revolving Commitment and (ii) as to all Lenders, the Total Revolving Commitment at such time; 

(b) each Term Lender severally agrees to make term loans to the Borrower (each, a “Term Loan”) from time to time on any
Business Day during the period from the Closing Date through the end of the Commitment Period, in each case in an aggregate initial principal amount for all such made (and to be made) Term Loans up to but not exceeding (i) such Term
Lender’s Term Commitment and (ii) as to all Term Lenders, the Total Term Commitment at such time; 
 (c) within such limits and
subject to the other terms and conditions of this Agreement, the Borrower may borrow (and re-borrow) Revolving Loans under this Section 2.1 and prepay Revolving Loans under
Section 2.7. Term Loans, once repaid, may not be reborrowed; and 
 (d) within such limits and subject to the
other terms and conditions of this Agreement, the Borrower shall be permitted to borrow Term Loans in advance of the settlement of the purchase of one or more additional Collateral Loans or distributions to the Parent. The proceeds of any such Term
Loan borrowings shall be retained in the Collection Account as Principal Proceeds pending such purchase or distribution and will not be applied to any other purpose. 

Section 2.2 Making of the Loans. 

(a) If the Borrower desires to request a Borrowing it shall give the Agents a written notice in substantially the form set forth on
Exhibit B hereto (each, a “Notice of Borrowing”), (i) in the case of a Term SOFR Borrowing, no later than 11:00 a.m., New York City time, three (3) Business Days prior to the day of the requested Borrowing, and
(ii) in the case of an ABR Borrowing, no later than 2:00 pm, New York City time, two (2) Business Days prior to the requested date of any Borrowing. Following receipt of the Notice of Borrowing, the Administrative Agent shall promptly
notify each Lender of the amount of its Percentage Share of the applicable Requested Amount. 
 (b) Each Notice of Borrowing shall be dated
the date the request for the related Borrowing is being made, signed by an Authorized Officer of the Borrower and otherwise be appropriately completed. The proposed Borrowing Date specified in each Notice of Borrowing shall be a Business Day falling
during the Commitment Period. 
 (c) The amount of the Borrowing requested in each Notice of Borrowing (the “Requested
Amount”) shall be equal to at least $250,000 and integral multiples of $1,000 in excess thereof (or, if less, the aggregate Undrawn Commitments). 

  
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 (d) Each Notice of Borrowing shall be revocable by the Borrower only if written notice of
such revocation is given to the applicable Lenders and the Administrative Agent (with a copy to the Collateral Agent) no later than 2:00 p.m. (New York City time) on the date that is one Business Day before the date of the related Borrowing. Notices
of Borrowing shall otherwise be irrevocable. 
 (e) Each Lender shall, not later than 1:00 p.m. (New York City time) on each Borrowing Date
in respect of the Loan to be funded by it hereunder, make its Percentage Share of the applicable Requested Amount available to the Borrower by disbursing such funds in Dollars to an account specified by the Borrower in the Notice of Borrowing;
provided that if the Loan is not funded through an account with the Administrative Agent, the Borrower shall provide written notice to the Administrative Agent when funds are received. 

(f) The failure of any Lender to fund any Loan on a Borrowing Date hereunder shall not relieve any other Lender of any obligation hereunder to
fund any Loan on such date. Notwithstanding the foregoing and any other provision to the contrary contained herein, if any Lender shall have failed to fund its Percentage Share of a previously requested Loan on the applicable date of Borrowing and
the Borrower provides a new Notice of Borrowing as a result of such failure to fund, then, in each such case, if necessary to make such Borrowing, the Borrower shall be permitted a single additional Loan without regard to the minimum funding limit
set forth herein. 
 Section 2.3 Evidence of Indebtedness; Notes. 

(a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to it
and resulting from the Loans made by such Lender to the Borrower, from time to time, including the amounts of principal and interest thereon and paid to it, from time to time hereunder. Notwithstanding any provision herein to the contrary, the
parties hereto intend that the Loans made hereunder shall constitute a “loan” and not a “security” for purposes of Section 8-102(15) of the UCC. 

(b) The Administrative Agent shall maintain, in accordance with its usual practices, accounts in which it will record (i) the amount of
each Loan made hereunder to the Borrower, (ii) the amount of any principal due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any principal sum paid by the Borrower hereunder and
each Lender’s share thereof. 
 (c) The entries maintained in the accounts maintained pursuant to clauses (a) and (b) of this
Section 2.3 shall, absent manifest error, be prima facie evidence of the existence and amounts of the Loans therein recorded; provided that the failure of the Administrative Agent or any Lender to maintain
such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. In the event of a conflict between the entries maintained by a Lender and those
maintained by the Administrative Agent, the records of the Administrative Agent shall control. 

  
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 (d) Any Lender may request that its Loans to the Borrower be evidenced by a Note or Notes.
In such event, the Borrower shall promptly prepare, execute and deliver to such Lender a Note (or Notes) payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns). Thereafter, to the extent reflected in the
Register, the Loans of such Lender evidenced by such Note and interest thereon shall at all times (including after any assignment pursuant to Section 12.6) be represented by one or more Notes payable to such Lender (or
registered assigns pursuant to Section 12.6), except to the extent that such Lender (or registered assignee) subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as
described in clauses (a) and (b) of this Section 2.3. At the time of any payment or prepayment in full of the Loans evidenced by any Note, such Note shall be surrendered to the
Administrative Agent promptly (but no more than five Business Days) following such payment or prepayment in full. Any such Note shall be cancelled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any
Note. If requested by any Lender in writing, the Borrower shall obtain a CUSIP or other loan identification number requested by such Lender that is customary for the nature of the Loans made hereunder. 

Section 2.4 Maturity of Loans. 

Each Loan shall mature, and the principal amount thereof shall be due and payable, on the Stated Maturity. 

Section 2.5 Interest Rates. 

(a) The Loans shall be Term SOFR Loans, except as otherwise provided in this Agreement, including without limitation, in
Sections 11.1 and 11.2. 
 (b) The Loans shall bear interest on the unpaid principal amount thereof, for
each day such Loan is outstanding during each Interest Period applicable thereto, at a rate per annum equal to the Applicable Rate with respect thereto; provided that from and including the date that is one year after the Closing Date
to but excluding the date on which the Reinvestment Period ends, solely for purposes of calculating interest, if the aggregate principal amount of the Term Loans outstanding (disregarding for this purpose any reduction in the aggregate principal
amount of Term Loans in order to cure any Market Trigger, Default or Event of Default or to satisfy the Coverage Tests, the Collateral Quality Test, the Lender Advance Rate Test, the Concentration Limitations or any Eligibility Criteria) is less
than 75% of the amount of the Total Term Commitment as in effect on the date hereof, Term Loans shall be deemed to have been made in amount equal to 75% of the amount of the Total Term Commitment as in effect on the date hereof and interest shall be
applied to such amount, in each case without giving effect to any voluntary reduction or termination of all or any portion of the Total Term Commitment; provided further, that the Applicable Rate with respect to any Term Loans
that are deemed to have been drawn pursuant to the previous proviso shall consist solely of the Applicable Margin. 
 (c) Such interest
shall be payable for each Interest Period on the Quarterly Payment Date immediately following the end of such Interest Period and on the Stated Maturity and as otherwise set forth herein. 

(d) In the event that, and for so long as, an Event of Default shall have occurred and be continuing, the outstanding principal amount of the
Loans, and, to the extent permitted by Applicable Law, overdue interest in respect of all Loans, shall automatically bear interest for each day at the annual rate of the sum of (i) the Applicable Rate for such Loan for such day plus
(ii) two percent (the “Post-Default Rate” for such Loan). 

  
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 (e) The Administrative Agent shall determine each interest rate applicable to the Loans
hereunder for any Interest Period or portion thereof pursuant to this Section 2.5 and the related definitions; 

(f) The Administrative Agent shall provide notice to the Borrower, the Collateral Agent, the Collateral Administrator and the Lenders of any
and all SOFR rate sets on the date that any such rate set is determined. 
 (g) Notwithstanding any other provision contained in this
Agreement, after giving effect to any Borrowing, or to any continuation or conversion of any Loans, there shall not be more than four (4) different Interest Periods in effect. 

Section 2.6 Commitment Fees. 

(a) Commitment Fees Payable. The Borrower shall, subject to Section 11.5(c)(y), pay to the Lenders pursuant
to Section 6.4 or 9.1, as applicable, ratably in proportion to their respective Percentage Shares, a commitment fee (a “Commitment Fee”) accruing for each day during each Interest Period: 

(i) in the case of Term Commitments, (x) from and including the Closing Date to but excluding the date that is twelve
months after the Closing Date, at a per annum rate equal to 0.25% of such Lender’s Undrawn Commitment as of the end of such day and (y) thereafter for each remaining day in the Commitment Period, at a per annum rate equal to 0.35% of such
Lender’s Undrawn Commitment as of the end of such day; provided that solely for purposes of determining the Commitment Fee, the Undrawn Commitment shall be reduced by the amount of any Term Loans deemed to have been made in accordance
with Section 2.5(b); 
 (ii) in the case of the Revolving Commitments, (x) from and including
the Closing Date to but excluding the date that is six months after the Closing Date, at a per annum rate equal to 0.25% of such Lender’s Undrawn Commitment as of the end of such day and (y) from and including the date that is six months
after the Closing Date to but excluding the date that is one year after the Closing Date, at a per annum rate equal to 0.50% of such Lender’s Undrawn Commitments as of the end of such day and (z) thereafter for each remaining day in the
Commitment Period, at a per annum rate equal to (A) if the amount drawn under the facility is greater than or equal to the Minimum Commitment Usage, 0.50% of such Lender’s Undrawn Commitment as of the end of such day or (B) if the
amount drawn under the facility is less than the Minimum Commitment Usage, 0.75% of such Lender’s Undrawn Commitment as of the end of such day; 

provided that upon the closing of a subsequent Permitted Securitization, for purposes of the foregoing calculation in clause (a)(ii), the Closing Date
shall be reset to the closing date of such Permitted Securitization; provided, further that if the Revolving Commitment of any Revolving Lender is reduced as the result of a Bail-In Action, the
Commitment Fee payable to such Revolving Lender shall be calculated based on its Revolving Commitment as so reduced. 

  
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 The Commitment Fees shall be payable quarterly in arrears on the Quarterly Payment Date
immediately following each Interest Period for which such fees accrue as provided in the Priority of Payments and shall be calculated by the Administrative Agent pursuant to Section 2.10. 

(b) Fees Non-Refundable. All fees set forth in this
Section 2.6 shall be deemed to have been earned on the date such payment is due in accordance with the provisions of this Agreement and shall be non-refundable. The obligation of the
Borrower to pay such fees in accordance with the provisions of this Agreement shall be binding upon the Borrower and shall inure to the benefit of the Lenders regardless of whether any Loans are actually made. 

Section 2.7 Reduction of Commitments; Conversion; Prepayments. 

(a) Reduction and Termination. 

(i) The Total Revolving Commitment and the Total Term Commitment shall be automatically reduced to zero at 5:00 p.m. (New York
City time) on the last day of the Commitment Period. 
 (ii) From and after the date on which the Reinvestment Period ends,
the Borrower shall have the right at any time to reduce the Total Revolving Commitment or the Total Term Commitment by an amount specified by the Borrower (such amount, the “Commitment Reduction Amount”) upon not less than two
Business Days’ prior notice (in substantially the form as set out in Exhibit L) to the Revolving Lenders or the Term Lenders, as applicable, the applicable Rating Agency and the Administrative Agent, which notice shall specify the
effective date of such reduction, and on such effective date the Total Revolving Commitment or the Total Term Commitment shall be reduced by the Commitment Reduction Amount; provided that the Borrower shall only have the right to terminate
the Revolving Commitments or the Total Term Commitments if all amounts in respect of the Revolving Loans or Term Loans, as applicable, and all other Obligations with respect thereto due under this Agreement and the other Loan Documents are satisfied
in full, including without limitation all principal, interest, Commitment Fees and Administrative Expenses. Such notice of reduction (1) shall be effective only upon receipt by the Administrative Agent, (2) shall permanently reduce (and,
in the case of a reduction in full, shall terminate) the Revolving Commitments or Term Commitments of each Revolving Lender or Term Lender on the date specified in such notice and (3) shall specify the Commitment Reduction Amount;
provided that no such reduction shall reduce the Total Revolving Commitment or Total Term Commitment below the aggregate principal amount of the Revolving Loans or Term Loans, as applicable, at such time. 

(iii) Prior to the date on which the Non-Call Period ends, the Borrower shall have the
right to prepay the Term Loans in whole or in part, upon payment of the Make-Whole Fee. From and after the date on which the Non-Call Period ends, the Borrower shall have the right to prepay the Term Loans in
whole or in part without penalty. Notice of such prepayment shall be delivered to the Administrative Agent at least ten (10) Business Days prior to the related Prepayment Date. 

  
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 (iv) The Total Revolving Commitment and the Total Term Commitment (and the
Revolving Commitment or Term Commitment of each Lender), once terminated or reduced may not be reinstated. 
 (v) The
Borrower will not reduce the Total Revolving Commitment or Total Term Commitment if, after giving effect to such reduction or termination, such reduction would result in a Commitment Shortfall. 

(b) Conversion of Revolving Loans to Term Loans. 

(i) At any time during the Commitment Period, the Administrative Agent may request (with notice to the Borrower, the applicable
Lenders and the Services Provider) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan equal to such Requested Conversion Portion. 

(ii) If, on a proposed Conversion Date, the Borrower has given its prior written consent, such consent to be given in the
Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s
Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be
permanently reduced by such Requested Conversion Portion. 
 (iii) For all purposes hereunder, the Revolving Loans converted
on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related
Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). 

(iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment
Shortfall would exist. 
 (c) Prepayments on Quarterly Payment Dates. On each Quarterly Payment Date, the Loans will be prepaid to
the extent required under the Priority of Payments. To the extent designated by the Borrower in writing to the Administrative Agent, each such prepayment of Revolving Loans shall result in a permanent reduction (or termination, as applicable) of the
Revolving Commitments. 
 (d) [Reserved]. 

(e) Other Prepayments. From and after the date on which the Reinvestment Period ends (or at any time prior to the expiration of the
Reinvestment Period if (1) the Borrower is required to pay any Increased Costs or (2) necessary to cure any Market Trigger, Event of Default, to satisfy the Coverage Tests, the Collateral Quality Test, the Lender Advance Rate Test, the
Concentration Limitations, or any Eligibility Criteria), subject to the requirements that after giving effect to the proposed prepayment and/or redemption (x) there will be sufficient funds in the Collection Account to make all payments
described in clauses (A) through (C) of Section 9.1(a)(i) on the next Quarterly Payment Date and (y) there is no Commitment Shortfall, on any Business Day: 

 

  
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 (i) the Borrower may (A) upon at least two Business Days’ notice
(in substantially the form as set out in Exhibit L and which shall contain a certificate of an Authorized Officer of the Borrower certifying as to the satisfaction of the requirements set forth in this
Section 2.7(e) with respect to such proposed prepayment) to the Agents and the applicable Rating Agency, prepay all or any portion of the Loans then outstanding, without penalty or premium, by paying to the Collateral Agent
for the account of the Lenders the principal amount to be prepaid (from amounts on deposit in the Collection Account constituting Principal Proceeds) together with accrued interest (including any accrued and unpaid interest amounts) and Commitment
Fees, if applicable, thereon to the date of prepayment (from amounts on deposit in the Collection Account constituting Interest Proceeds) and any amount due pursuant to Section 2.9 (from amounts on deposit in the Collection
Account constituting Principal Proceeds); provided that any prepayments of Loans made pursuant to this clause (A) shall (x) result in the reduction and, as applicable, termination, of the Revolving Commitments on a dollar-for-dollar basis and (y) be allocated between the Revolving Loans and the Term Loans based on, with respect to principal, the Principal Allocation Formula, and
with respect to interest and any other payments on a pro rata basis; and (B) on any Business Day during the Reinvestment Period, if each Coverage Test is satisfied, or if not satisfied, maintained or improved, after giving effect
thereto, upon at least two Business Days’ notice to the Agents, prepay all or any portion of the Revolving Loans then outstanding by paying the principal amount to be prepaid (from amounts on deposit in the Collection Account constituting
Principal Proceeds) together with accrued interest and Commitment Fees, if applicable, thereon to the date of prepayment (from amounts on deposit in the Collection Account constituting Interest Proceeds) and any amounts due pursuant to
Section 2.9 (from amounts on deposit in the Collection Account constituting Principal Proceeds); provided that any prepayments of the Revolving Loans made pursuant to this clause (B) shall not result in any
reduction in the Revolving Commitments at such time and such prepaid amounts under the Revolving Loans may be re-borrowed in accordance with the terms of this Agreement; 

(ii) Each notice of such prepayment and/or redemption shall be effective upon receipt and shall be dated the date such notice
is being given, signed by an Authorized Officer of the Borrower. Each prepayment and/or redemption of any Loans by the Borrower pursuant to this Section 2.7(e) shall in each case be in a principal amount of at least
$250,000 or a whole multiple of $1,000 in excess thereof or, if less, the entire outstanding principal amount of such Loans. If a notice of such prepayment and/or redemption is given by the Borrower, the Borrower shall make such prepayment and/or
redemption and the payment amount specified in such notice shall be due and payable on the date specified therein. Each prepayment and redemption pursuant to this Section 2.7(e) shall be subject to
Section 2.9. All prepayments and redemptions of Loans pursuant to this Section 2.7(e) shall be applied in accordance with the procedures set forth in Section 2.7(g) and
shall not be subject to the Priority of Payments. 

  
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 (f) Upon receipt of a notice of reduction or prepayment and/or redemption from the Borrower
pursuant to Section 2.7(a)(ii) or 2.7(e), the Administrative Agent shall promptly notify each Lender, of the contents thereof and of such Lender’s ratable share (if any) of such reduction, prepayment or
redemption, as applicable, and such notice shall thereafter be revocable by the Borrower no later than 2:00 p.m. (New York City time) one Business Day before the date set forth by the Borrower in the applicable notice of reduction or prepayment as
the reduction or prepayment and/or redemption date. Upon the expiration of such time period, the notice of reduction or prepayment and/or redemption shall be irrevocable; provided that any such notice may provide that repayment and/or
redemption shall be subject to and contingent on the consummation of alternative financing. 
 (g) Except as provided in clause (e)
above and in the proviso to this clause (g) below, all reductions of the Revolving Commitments or Term Commitments shall be applied to the Revolving Commitments of each Revolving Lender and the Term Commitments of each Term Lenders, as
applicable, ratably in accordance with their relevant applicable Percentage Shares, and all prepayments of the Loans shall be applied to the outstanding principal amount of the Revolving Loans and Term Loans of each applicable Lender on a pro
rata basis; provided that, (i) with the consent of the Administrative Agent and each Revolving Lender or Term Lender, (x) reductions of the Revolving Commitments or Term Commitments, respectively, need not be applied ratably
and/or (y) the Term Loans may be prepaid without corresponding prepayment of the Revolving Loans (and without reduction of the Revolving Commitments) and (ii) with the consent of the Administrative Agent and each Lender, the prepayments of
the Loans need not be applied on a pro rata basis. 
 (h) The Borrower may effect a prepayment of all or any portion of the Loans
then outstanding pursuant to Section 2.7 from the proceeds of the sale of Collateral Loans in connection with a Permitted Securitization. The Borrower may effect a Permitted Distribution from the proceeds of the sale of
Collateral Loans in connection with a Permitted Securitization if the Borrower has first effected a prepayment of a portion of the Loans then outstanding from such proceeds pursuant to Section 2.7 in an amount sufficient to
satisfy the requirements of sub-clause (x) of clause (b) of the definition of Permitted Distribution. 

Section 2.8 General Provisions as to Payments. 

(a) The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its
obligation to make its Loan on such date, neither Agent shall be responsible for the failure of any Lender to make any Loan, and no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender. 

(b) Except as otherwise provided in Section 2.7(e), all payments by the Borrower pursuant to this Agreement or any
of the Loan Documents in respect of principal of, or interest on or other amounts owing in respect of, the Loans shall be made in Dollars pursuant to the Priority of Payments. All amounts payable to the Lenders, the Administrative Agent or the
Collateral Agent under this Agreement or otherwise (including, but not limited to, fees) shall be paid to the Lenders, the Administrative Agent or the Collateral Agent for the account of the Person entitled thereto. All payments hereunder or under
the other Loan Documents shall be made, 

  
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without setoff or counterclaim, in funds immediately available in New York City, to each Lender, the Administrative Agent or the Collateral Agent at its address referred to in
Section 12.1. All payments hereunder or under the other Loan Documents to the Lenders, the Administrative Agent or the Collateral Agent shall be made not later than 1:00 p.m. (New York City time) on the date when due. 

(c) The Collateral Agent shall promptly distribute to each Lender its ratable share, if any, of each payment received hereunder by the
Collateral Agent for the account of the Lenders without setoff or counterclaim. Whenever any payment of principal of, or interest on, the Loans or any other amount hereunder shall be due on a day which is not a Business Day, the date for payment
thereof shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case the date for payment thereof shall be the immediately preceding Business Day. If the date for any payment of
principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended time. 
 Section 2.9
Funding Losses. 
 If the Borrower (1) makes any payment of principal with respect to any Loan on any day other than on a
Quarterly Payment Date, (2) fails to borrow any Loans after notice thereof has been given to any Lender in accordance with Section 2.2 and not revoked as permitted in this Agreement (other than as a result of a default
by any Lender) or (3) fails to prepay any Loans after notice thereof has been given to any Lender in accordance with Section 2.7 and not revoked as permitted in this Agreement, then, in any such event, the Borrower
shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Term SOFR Loan, such loss, cost or expense (I) shall include (a) in the case of any payment of principal with respect to any Loan
on any day other than on a Quarterly Payment Date, the amount, if any, by which (i) the reasonable and documented losses, costs and expenses (including those incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by such Lender to fund the Loan being repaid but excluding in any event the loss of anticipated profits) sustained by such Lender exceed (ii) the income, if any, received by such Lender from such Lender’s investment of the
proceeds of such prepayment or (b) in the case of any failure to borrow, the amount, if any, by which (i) any losses (excluding loss of anticipated profits), costs or expenses incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by such Lender to fund the Loan to be made by such Lender as part of the Borrowing requested in such Notice of Borrowing when such Loan, as a result of such failure, is not made on such date exceed (ii) the
income, if any, received by such Lender from such Lender’s investment of funds acquired by such Lender to fund the Loan to be made as part of such Borrowing and (II) shall constitute Increased Costs payable by the Borrower on the next
Quarterly Payment Date pursuant to the Priority of Payments. 
 In the event of (a) the payment of any principal of any Term SOFR Loan
other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (b) the conversion of any Term SOFR Loan other than on the last day of an Interest
Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Term SOFR Loan on the date specified in any notice delivered pursuant hereto or (d) the assignment of any Term SOFR Loan other than on the last day of an
Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 11.5, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense

  
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attributable to such event. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the
Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within ten days after receipt thereof. 

Section 2.10 Computation of Interest and Fees. 

Except as otherwise expressly provided herein, interest and fees payable pursuant to this Agreement shall be computed on the basis of a year
of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day except in the case of interest or fees calculated on the basis of an Interest Period). All amounts payable hereunder shall be paid in
Dollars. 
 Section 2.11 No Cancellation of Indebtedness. 

Notwithstanding anything to the contrary herein, no Loan may be cancelled, surrendered, abandoned or forgiven except for payment as provided
herein. 
 Section 2.12 Increase of Commitment. At any time during the Reinvestment Period so long as no Event of Default has
occurred and is continuing and subject to satisfaction of the Rating Condition, the Commitment for any Lender may be increased in connection with a corresponding increase in the total Commitment so long as (i) the prior written consent of the
Borrower, the Administrative Agent and such Lender has been obtained with respect to such increase and (ii) immediately prior to, and after giving effect to, such increase and the application of the proceeds in connection therewith, each
Coverage Test is satisfied and the Collateral Quality Tests are satisfied (or, only with respect to the Collateral Quality Tests, if not satisfied, maintained or improved); provided that, following such Commitment increase, the Commitment
shall not exceed $1,000,000,000. The Borrower confirms that each Lender, in its sole and absolute discretion, without regard to the value or performance of the Loans or any other factor, may elect not to increase its Commitment. Upon such increase,
Schedule G hereto shall be deemed to be revised to reflect such increase in such Lender’s Commitment. 
 ARTICLE III 

CONDITIONS TO BORROWINGS 

Section 3.1 Effectiveness of Commitments. 

The effectiveness of the Commitments shall occur when each of the following conditions is satisfied (or waived by the Administrative Agent and
each Lender in accordance with the terms hereof), each document to be dated the Closing Date (unless otherwise indicated) and delivered to the relevant Persons indicated below, and each document and other condition or evidence to be in form and
substance reasonably satisfactory to the Administrative Agent: 
 (a) The Agents shall have received counterparts of (i) this Agreement
duly executed and delivered by all of the parties hereto and (ii) each of the other Loan Documents to be executed and delivered on the Closing Date, each duly executed and delivered by all of the parties thereto. 

  
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 (b) The Agents shall have received (i) proper financing statements, duly filed on or
before the Closing Date (and the Borrower hereby consents to such filing by the Collateral Agent (or its representative)) under the UCC in all jurisdictions that the Administrative Agent reasonably deems necessary or desirable in order to perfect
the interests in the Collateral contemplated by this Agreement and any other Loan Documents and (ii) copies of proper financing statements, if any, necessary to release all security interests and other rights of any Person in the Collateral
previously granted by the Borrower or any other transferor. 
 (c) The Agents shall have received legal opinions (addressed to each of the
Secured Parties) from (i) Latham & Watkins LLP, counsel to the Borrower, the Services Provider, and the Seller (including, without limitation, true sale and non-consolidation opinions),
(ii) Nixon Peabody LLP, counsel to the Collateral Agent, the Collateral Administrator and the Custodian and (iii) Holland & Knight LLP, counsel to the Document Custodian, each covering such matters as the Administrative Agent and
its counsel shall reasonably request. 
 (d) The Administrative Agent shall have received evidence reasonably satisfactory to it that
(i) all of the Covered Accounts shall have been established, (ii) the Account Control Agreement shall have been executed and delivered by the respective parties thereto and shall be in full force and effect and (iii) all amounts
required to be deposited in any of the Covered Accounts as of the Closing Date pursuant to Section 8.3 shall have been so deposited. 

(e) [Reserved]. 
 (f) The
Borrower shall have paid (i) the fees to be received by the Initial Lenders (or any designated Affiliate), Document Custodian and Administrative Agent, as applicable, on the Closing Date pursuant to the Fee Letter, the Document Custodian Fee
Letter and the Administrative Agent Fee Letter and (ii) all reasonable and documented fees and out-of-pocket costs and expenses of the Agents, the Lenders, the
applicable Rating Agency, respective legal counsel and each other Person payable under and in accordance with the Fee Letter, the Administrative Agent Fee Letter and the Document Custodian Fee Letter and as otherwise agreed by the parties hereto, in
connection with the preparation, execution and delivery of this Agreement and the other Loan Documents. 
 (g) The Agents shall have
received a certificate of an Authorized Officer of the Borrower: 
 (i) to the effect that, as of the Closing Date
(A) subject to any conditions that are required to be satisfactory or acceptable to any Agent, all conditions set forth in this Section 3.1 have been fulfilled; (B) all representations and warranties of the
Borrower set forth in this Agreement and each of the other Loan Documents are true and correct in all material respects; and (C) no Default has occurred and is continuing; 

  
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 (ii) certifying as to and attaching (A) its Constituent Documents;
(B) its resolutions or other action of its board of directors, designated manager or managing member, as applicable, approving the Loan Documents to which it is a party and the transactions contemplated thereby; (C) the incumbency and
specimen signature of each of its Authorized Officers authorized to execute the Loan Documents to which it is a party; and (D) a good standing certificate from its state or jurisdiction of incorporation or organization and any other state or
jurisdiction in which it is qualified to do business in which the failure to be so qualified would reasonably be expected to have a Material Adverse Effect; and 

(iii) certifying that the Borrower does not have outstanding debt prior to the Closing Date, and is not at such time party to,
any interest rate hedging agreements or currency hedging agreements. 
 (h) The Agents shall have received a certificate of an Authorized
Officer of each of the Services Provider, the Retention Holder and the Seller: 
 (i) to the effect that, as of the Closing
Date, all representations and warranties of the Services Provider, the Retention Holder and the Seller, respectively, set forth in each of the Loan Documents are true and correct in all material respects; and 

(ii) certifying as to and attaching (A) its Constituent Documents; (B) its resolutions or other action of its board
of directors, designated manager or managing member, as applicable, approving the Loan Documents to which it is a party and the transactions contemplated thereby; (C) the incumbency and specimen signature of each of its Authorized Officers
authorized to execute the Loan Documents to which it is a party; and (D) a good standing certificate from its state or jurisdiction of incorporation or organization and any other state or jurisdiction in which it is qualified to do business in
which the failure to be so qualified would reasonably be expected to have a Material Adverse Effect. 
 (i) If requested by any Lender in
writing, the Administrative Agent shall have received evidence that the Borrower obtained a CUSIP or other loan identification number requested by such Lender that is customary for the nature of the Loans made hereunder. 

(j) The Administrative Agent shall have received a secretary’s certificate from the Collateral Agent, which shall include the incumbency
and specimen signature of each of its Authorized Officers authorized to execute the Loan Documents to which it is a party. 
 (k) If the
Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Administrative Agent, each Lender and the Document Custodian shall have received from the Borrower a satisfactorily completed Beneficial
Ownership Certification. 
 (l) The Agents shall have received from the Borrower either (A) a certificate thereof or other official
document evidencing the due authorization, approval or consent of any governmental body or bodies, at the time having jurisdiction in the premises, together with an opinion of counsel of the Borrower, as applicable, that no other authorization,
approval or consent of any governmental body is required for the Borrower to fulfill its obligations under the Loan Documents or (B) an opinion of counsel of the Borrower that no such authorization, approval or consent of any governmental body
is required for the Borrower to fulfill its obligations under the Loan Documents except as have been given. 

  
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 (m) The Borrower shall have provided to the Document Custodian, each Lender and the
Administrative Agent a properly completed and duly executed IRS Form W-9 (or other applicable tax form) and any documentation and other information reasonably requested in connection with applicable
“know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 

Section 3.2 Initial Borrowings. 

The obligation of any Lender to make its initial Loan on the occasion of the initial Borrowing is subject to the satisfaction of the
conditions set forth in Section 3.1 and the following conditions (provided, however, that in the event the Lender makes its initial Loan, such conditions will be deemed to be satisfied or waived, as applicable): 

(a) [Reserved]. 
 (b) The Agents
shall have received evidence satisfactory to the Administrative Agent and the Lenders that (w) the grant of security pursuant to the Granting Clause herein of all of the Borrower’s right, title and interest in and to the Collateral pledged
to the Collateral Agent on the Closing Date shall be effective in all relevant jurisdictions, (x) delivery of such Collateral in accordance with Section 8.7 to the Custodian or the Document Custodian, as applicable,
shall have been effected, (y) the Borrower (or the Services Provider on behalf of the Borrower) will deliver copies of all Related Contracts for such Collateral in its possession to the Document Custodian in accordance with
Sections 5.26 and 14.1(b) and (z) all other actions, recordings and filings that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created by the Granting Clause have been
taken. 
 (c) The Agents shall have received a certificate of an Authorized Officer of the Services Provider (which certificate shall
include a schedule listing the Collateral Loans owned by the Borrower on the Initial Borrowing Date), to the effect that, (1) in the case of each item of Collateral pledged to the Collateral Agent, on the Initial Borrowing Date and immediately
prior to the delivery thereof on or prior to the Initial Borrowing Date, (A)(w) the Borrower is the owner of such Collateral free and clear of any liens, claims or encumbrances of any nature whatsoever except for Permitted Liens and those which
have been released on or prior to the Initial Borrowing Date; (x) the Borrower has acquired its ownership in such Collateral in good faith without notice of any adverse claim, except as described in clause (w) above; (y) the Borrower
has not assigned, pledged or otherwise encumbered any interest in such Collateral (or, if any such interest has been assigned, pledged or otherwise encumbered, it has been released) other than pursuant to this Agreement; and (z) the Borrower
has full right to grant a security interest in and assign and pledge such Collateral to the Collateral Agent; and (B) upon the Grant by the Borrower of a security interest in the Collateral pursuant to the Granting Clause and upon the delivery
of Collateral that is required to be delivered to the Collateral Agent hereunder, the filing of all UCC-1 financing statements as are necessary to perfect the interests of the Secured Parties in the Collateral
and the execution of the Account Control Agreement, the Collateral Agent shall have a first priority perfected security interest in the Collateral, except in respect of any Permitted Lien or as otherwise permitted by this Agreement and
(2) immediately before and after giving effect to the Borrowings, the Overcollateralization Ratio Test shall be satisfied (as demonstrated in a writing attached to the certificate of the Services Provider). 

  
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 (d) The Agents shall have received, and the Administrative Agent shall provide to all
Lenders, a certificate of an Authorized Officer of the Borrower certifying that: 
 (i) the Closing Date Portfolio Condition
is satisfied; 
 (ii) immediately after giving effect to the Borrowings to be made on the Initial Borrowing Date (on a pro
forma basis) the aggregate outstanding principal amount of the Revolving Loans shall not exceed the Total Revolving Commitment and the aggregate outstanding principal amount of the Term Loans shall not exceed the Total Term Commitment, in each case,
as in effect on the Initial Borrowing Date; 
 (iii) immediately before and after such Borrowing, no Default shall have
occurred and be continuing both before and after giving effect to the making of such Loans; 
 (iv) the representations and
warranties of the Borrower contained in this Agreement and each of the other Loan Documents shall be true and correct in all material respects on and as of the Initial Borrowing Date (unless stated to relate solely to an earlier date, in which case
such representations and warranties shall be true and correct in all material respects as of such earlier date) both before and after giving effect to the making of such Loans; 

(v) no law or regulation shall have been adopted, no order, judgment or decree of any Governmental Authority shall have been
issued, and no litigation shall be pending or, to the actual knowledge of a Senior Authorized Officer of the Borrower, threatened, which does or, with respect to any threatened litigation, seeks to enjoin, prohibit or restrain the making or
repayment of the Loans or the consummation of the transactions among the Borrower, the Services Provider, the Lenders and the Agents contemplated by this Agreement; and 

(vi) each of the Loan Documents is in full force and effect and is the binding and enforceable obligation of the Borrower and
the Services Provider, in each case, to the extent such Person is a party thereto (except for those provisions of any Loan Document not material, individually or in the aggregate with other affected provisions, to the interests of any of the
Lenders). 
 (e) The Administrative Agent and the Lenders shall have received a fully completed and executed Final Funds Flow/Disbursements
Authorization letter, including all schedules and exhibits attached thereto, directing the disbursement of the initial Borrowing hereunder, together with payments of fees and expenses and all other payments required to be made on the Closing Date.

 (f) The Agents shall have received, and the Administrative Agent shall provide to all Lenders, such other opinions, instruments,
certificates and documents from the Borrower as the Agents or any Lender shall have reasonably requested; provided that sufficient notice of such request has been given to the Borrower (though nothing herein shall impose an obligation on any
Agent to make any such request). 

  
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 Section 3.3 Borrowings. 

The obligation of any Lender to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions: 

(a) the Administrative Agent shall have received, and the Administrative Agent shall provide to all Lenders, a Notice of Borrowing as required
by Section 2.2; 
 (b) immediately after giving effect to such Borrowing (and, for the avoidance of doubt, if any
of the following limits would be exceeded on a pro forma basis, such Borrowing shall not be permitted), (i) the aggregate outstanding principal amount of the Revolving Loans or Term Loans, as applicable, shall not exceed the Total Revolving
Commitment or Total Term Commitment, respectively, as in effect on such Borrowing Date and (ii) the Lender Advance Rate Test shall be satisfied; 

(c) no Commitment Shortfall shall exist after giving effect to such Borrowing; 

(d) except in the case of a Borrowing obtained to fund Unfunded Amounts immediately after such Borrowing, no Default shall have occurred and
be continuing after giving effect to the funding of such Loan and the related purchase of Collateral Loans; 
 (e) except in the case of a
Borrowing obtained to fund Unfunded Amounts, immediately after such Borrowing, no Market Trigger shall have occurred and be continuing after giving effect to the funding of such Loan and the related purchase of Collateral Loans; 

(f) the representations and warranties of the Borrower contained in this Agreement and each of the other Loan Documents shall be true and
correct in all material respects on and as of the date of such Borrowing (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier
date) both before and after giving effect to the funding of such Loan and the related purchase of Collateral Loans; 
 (g) no law or
regulation shall have been adopted, no order, judgment or decree of any Governmental Authority shall have been issued, and no litigation shall be pending or, to the actual knowledge of a Senior Authorized Officer of the Borrower, threatened, which
does or, with respect to any threatened litigation, seeks to enjoin, prohibit or restrain the funding or repayment of the Loans or the consummation of the transactions among the Borrower, the Services Provider, the Lenders and the Agents
contemplated by this Agreement; 
 (h) each of the Loan Documents (and the Grant provided in this Agreement), remains in full force and
effect and is the binding and enforceable obligation of the Borrower and the Services Provider, in each case, to the extent such Person is a party thereto (except for those provisions of any Loan Document not material, individually or in the
aggregate with other affected provisions, to the interests of any of the Lenders); and 
 (i) except in the case of a Borrowing obtained to
fund Unfunded Amounts, immediately after giving effect to the requested Borrowing, the Eligibility Criteria shall be satisfied (as demonstrated in a writing attached to such Notice of Borrowing). 

  
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 Each request for any Borrowing hereunder shall constitute a representation by the Borrower
of the satisfaction of each of the foregoing conditions precedent as of the date of, and before and after giving effect to, such Borrowing. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE BORROWER 

In order to induce the Administrative Agent and each of the Lenders which are or may become a party to this Agreement to make the Loans, the
Borrower makes the following representations and warranties as of the Closing Date. Such representations and warranties shall survive the effectiveness of this Agreement, the execution and delivery of the other Loan Documents, and the making of the
Loans. 
 Section 4.1 Existence and Power; Consents. 

The Borrower is a limited liability company duly formed and validly existing and in good standing under the laws of Delaware. Each of the
Borrower’s chief place of business, its chief executive office and the office in which the Borrower maintains its books and records are located in the address set forth on the signature pages hereof. The Borrower has all powers and authority
and all material governmental licenses, authorizations, consents and approvals required to own its property and assets and carry on its business as now conducted or as it presently proposes to conduct it, and to enter into and perform its
obligations pursuant to this Agreement and the other Loan Documents to which it is a party, and has been duly qualified and is in good standing (or the equivalent certification) in each jurisdiction in which the failure to be so qualified and/or in
good standing (or the equivalent certification) is likely to have a Material Adverse Effect. 
 Section 4.2 Power and Authority; Due
Authorization; Execution and Delivery. 
 The Borrower has the power, authority and legal right to (i) execute, deliver and carry
out the terms and provisions of each of the Loan Documents to which it is a party, (ii) has taken all necessary action to authorize the execution, delivery and the performance of such Loan Documents to which it is a party, (iii) perform
and carry out the terms of this Agreement and the other Loan Documents to which it is a party and the transactions contemplated thereby, and (iv) grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in the
Collateral on the terms and conditions of this Agreement and the other Loan Documents. The Borrower has duly executed and delivered each such Loan Document, and each such Loan Document constitutes the legal, valid and binding obligation of the
Borrower, enforceable in accordance with its terms, except as enforceability may be limited by applicable insolvency, bankruptcy or other laws affecting creditors’ rights generally, or general principles of equity, whether such enforceability
is considered in a proceeding in equity or at law. 

  
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 Section 4.3 No Violation. 

Neither the execution, delivery or performance by the Borrower of any of the Loan Documents, or any other agreements or instruments executed
or delivered in connection therewith, to which it is a party nor compliance by the Borrower with the terms and provisions thereof nor the consummation of the transactions among the Borrower, the Services Provider, the Lenders and/or the Agents, as
applicable, contemplated by each of the Loan Documents (i) will contravene in any material respect any applicable provision of any law, statute, rule, regulation, order, writ, injunction or decree of any court or governmental instrumentality,
(ii) will conflict, in any material respect, with or result in any breach of, any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or
impose) any Lien upon any of the property or assets of the Borrower, pursuant to the terms of any indenture, agreement, lease, instrument or undertaking to which the Borrower is a party or by which it or any of its property or assets is bound or to
which it is subject (except Permitted Liens) or (iii) will contravene the terms of any organizational documents of the Borrower, or any amendment thereof. 

Section 4.4 Litigation. 

There is no litigation, action, suit, investigation or proceeding pending against or, to the actual knowledge of a Senior Authorized Officer
of the Borrower, threatened against or adversely affecting, (i) the Borrower or the Services Provider, or any of their respective properties or (ii) any of the Loan Documents or any of the transactions contemplated by any of the Loan
Documents, before any court, arbitrator or any governmental body, agency or official, in each case, which (a) assert the invalidity of this Agreement or any other Loan Document, (ii) seek to prevent the consummation of any of the
transactions contemplated by this Agreement or any other Loan Document or (iii) has had or would reasonably be expected to have, either individually or in the aggregate with all other such litigations, actions, suits, investigations and
proceedings, a Material Adverse Effect. To the knowledge of the Borrower after due inquiry, no injunction, writ, restraining order or other order of any nature adversely affects the Borrower’s performance of its obligations under this Agreement
or any Loan Document to which the Borrower is a party. 
 Section 4.5 Compliance with ERISA. 

(a) Neither the Borrower nor any member of its ERISA Group, if any, has any liability or obligation with respect to any Plan or any
Multiemployer Plan which has had or could reasonably be expected to have a Material Adverse Effect. The Borrower has not maintained or sponsored any Plan or any Multiemployer Plan in the past 5 years. 

(b) The assets of the Borrower are not treated as (i) “plan assets” for purposes of 29 C.F.R.
Section 2510.3-101 and Section 3(42) of ERISA (“Plan Assets”) or (ii) “plan assets” of any governmental plan that is subject to laws or regulation substantially
similar to Section 406 of ERISA or Section 4975 of the Code (“Similar Law”). No transaction contemplated by the Loan Documents, including the exercise of rights with respect to the Collateral, constitutes or will result in
a Prohibited Transaction or violation of Similar Law, and the Borrower has not taken, or omitted to take, any action which, would constitute or result in the occurrence of any Prohibited Transaction or violation of Similar Law in connection with the
transactions contemplated hereunder. The representation in the preceding sentence assumes the accuracy of the Lenders’ representations set forth in Section 8.10. 

  
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 Section 4.6 Environmental Matters. 

(a) The Borrower’s operations comply in all material respects with all applicable Environmental Laws; 

(b) None of the Borrower’s operations is the subject of a federal or state investigation evaluating whether any remedial action,
involving expenditures, is needed to respond to a release of any Hazardous Substances into the environment; 
 (c) The Borrower does not
have any material contingent liability in connection with any release of any Hazardous Substances into the environment; and 
 (d) The
Borrower has not received any written notice of, or inquiry from any Governmental Authority that has not been conveyed to the Agents and Lenders in writing regarding, any violation, alleged violation,
non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws. 

Section 4.7 Taxes. 

The Borrower has filed or caused to be filed all federal and other material tax returns and reports required to be filed by it and has paid
all federal and other material Taxes required to be paid by it, except such as are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves in accordance with GAAP are being maintained. 

Section 4.8 Full Disclosure. 

(a) No written information (other than projections, other forward-looking information, information of
a general economic or general industry nature and pro forma financial information) heretofore (as of each date when this representation and warranty is made) furnished by or on behalf of the Borrower to the Agents, the Collateral Administrator, the
Custodian or any Lender for purposes of, or in connection with this Agreement or any transaction contemplated hereby, contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in light
of the circumstances under which such information was furnished, not misleading (to the best knowledge of the Borrower, in the case of information obtained by the Borrower from Obligors or other unaffiliated third parties) as of the date such
information was furnished. The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions believed by management of the Borrower to be reasonable at the time made,
it being recognized by the Lenders that such projections and pro forma financial information as it relates to future events are not to be viewed as fact and that actual results during the period or periods covered by such projections and pro forma
financial information may differ from the projected and pro forma results set forth therein by a material amount. 
 (b) The information
included in the Beneficial Ownership Certification most recently provided to the Administrative Agent by the Borrower is true and correct in all respects. 

  
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 Section 4.9 Solvency. 

On the Closing Date, and after giving effect to the transactions contemplated by the Loan Documents, the Borrower will be solvent. 

Section 4.10 Use of Proceeds; Margin Regulations. 

All proceeds of the Loans will be used by the Borrower only in accordance with the provisions of this Agreement and the other Loan Documents.
No part of the proceeds of any Loan will be used by the Borrower in any manner, whether directly or indirectly, that causes such Loan or the application of such proceeds to violate Regulations U or X of the Federal Reserve Board. 

Section 4.11 Governmental Approvals. 

No order, consent, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, any
governmental or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with the execution, delivery or performance of any Loan Document (and any other agreement or instrument executed or
delivered in connection therewith) to which the Borrower is a party or the consummation of any of the transactions contemplated thereby or the enforceability of this Agreement or the transfer of an ownership interest of any Collateral Loan or grant
of a security interest in the Collateral other than those that have already been duly made or obtained and remain in full force and effect or those recordings and filings in connection with the Liens granted to the Collateral Agent under the Loan
Documents, except for orders, consents, approvals, licenses, authorizations, validations, filings, recordings, registrations, or exemptions, that, if not obtained, would not, either individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. 
 Section 4.12 Investment Company Act; Broker Dealer. 

Neither the Borrower nor the pool of Collateral is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act. The Borrower is not a broker-dealer or subject to the Securities Investor Protection Act of 1970. 

Section 4.13 Representations and Warranties in Loan Documents. 

All representations and warranties made by the Borrower in the Loan Documents to which it is a party are true and correct in all material
respects as of the date of this Agreement and as of any date that Borrower is deemed to reaffirm the same under this Agreement (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and
correct in all material respects as of such earlier date). 
 Section 4.14 Ownership of Assets. 

The Borrower owns all of its properties and assets, of any nature whatsoever, free and clear of all Liens, except Permitted Liens. No item of
Collateral has been sold, assigned or pledged by the Borrower to any Person, other than pursuant to or otherwise in accordance with the terms of this Agreement and the other Loan Documents. 

  
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 Section 4.15 No Default. 

No Default exists under or with respect to any Loan Document. The Borrower is not in default under or with respect to any material agreement,
instrument or undertaking to which it is a party or by which it or any of its properties is bound in any respect, the existence of which default has had or would reasonably be expected to have, individually or in the aggregate with all other such
defaults, a Material Adverse Effect. 
 Section 4.16 Labor Matters. 

There is no labor controversy pending with respect to or, to the knowledge of a Senior Authorized Officer of the Borrower, threatened against
the Borrower, which has had or, if adversely determined, would reasonably be expected to have a Material Adverse Effect. 

Section 4.17 Subsidiaries/Equity Interests; Sole Purpose; Separate Entity. 

(a) The Borrower (i) has no Subsidiaries and (ii) owns no equity interest in any other entity except equity received in connection
with the exercise of remedies against an Obligor or through a restructuring of the Obligor, subject to Section 10.1(a)(iv). The Borrower’s legal name is as set forth in this Agreement. The Borrower has not changed its
name since its formation; does not have tradenames, fictitious names, assumed names or “doing business as” names. The Borrower has not changed its jurisdiction of formation from its jurisdiction of formation as of the Closing Date. 

(b) The Borrower has been formed solely for the purpose of, and has not engaged in any business activity other than, the acquisition of
commercial loans, the pledge and financing thereof and transactions incidental thereto and activities of the type expressly permitted hereunder. The Borrower is not party to any agreements other than this Agreement, the other Loan Documents, and any
agreements contemplated by the Loan Documents. 
 (c) The Borrower is operated as an entity with assets and liabilities distinct from those
of the holder of its Equity Interests (other than for tax purposes), and any Affiliates thereof, and the Borrower hereby acknowledges that each Agent and each Lender is entering into the transactions contemplated by this Agreement in reliance upon
the Borrower’s identity as a separate legal entity from the holder of its Equity Interests, and from each such other Affiliate thereof (other than for tax purposes). 

Section 4.18 Ranking. 

All Obligations, including the Obligations to pay principal of, interest on and any other amounts in respect of the Loans, constitute senior
indebtedness of the Borrower (subject to the Priority of Payments (including without limitation Sections 6.4 and 9.1)). 

Section 4.19 Representations Concerning Collateral. 

(a) Security Interest: 

(i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Collateral in
favor of the Collateral Agent, on behalf of the Secured Parties, which security interest is prior to all other Liens (except for Permitted Liens), and is enforceable as such against creditors of and purchasers from the Borrower. 

  
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 (ii) The Collateral is comprised of “instruments”, “financial
assets”, “security entitlements”, “general intangibles”, “chattel paper”, “accounts”, “certificated securities”, “uncertificated securities”, “securities accounts”,
“deposit accounts”, “supporting obligations” or “insurance” (each as defined in the applicable UCC), and the proceeds of the foregoing, or such other category of collateral under the applicable UCC as to which the
Borrower has complied with its obligations under this Section 4.19. 
 (iii) Each of the Collection
Account, the Payment Account, Future Funding Reserve Account, Interest Reserve Account, Closing Expense Account, and the Custodial Account, and each sub-account respectively thereof, are not in the name of any
Person other than the Borrower, subject to the lien of the Collateral Agent, for the benefit of the Secured Parties. 
 (iv)
Each of the Collection Account, the Payment Account, Future Funding Reserve Account, Interest Reserve Account, Closing Expense Account, and the Custodial Account constitute a “securities account” or “deposit account”, as
applicable as defined in the applicable UCC. 
 (v) The Borrower, the applicable banking institution and the Collateral
Agent, on behalf of the Secured Parties, have entered into the Account Control Agreement with respect to each of the Collection Account, the Payment Account, Future Funding Reserve Account, Interest Reserve Account, Closing Expense Account, and the
Custodial Account. 
 (vi) The Borrower has authorized the filing of all appropriate financing statements in the proper
filing office in the appropriate jurisdictions under Applicable Law in order to perfect the security interest in the Collateral granted to the Collateral Agent, on behalf of the Secured Parties, under this Agreement; provided that filings in respect
of real property shall not be required. 
 (vii) Other than as expressly permitted by the terms of the Loan Documents, this
Agreement and the security interest granted to the Administrative Agent, on behalf of the Secured Parties, pursuant to this Agreement, the Borrower has not pledged, assigned, sold, granted a security interest in or otherwise conveyed any of the
Collateral. The Borrower has not authorized the filing of and is not aware of any financing statements against the Borrower that include a description of collateral covering the Collateral other than any financing statement that has been terminated
or fully and validly assigned to the Collateral Agent. The Borrower is not aware of the filing of any judgment or tax lien filings against the Borrower, other than Permitted Liens. 

(viii) None of the underlying promissory notes or related loan registers or participations, as applicable, that constitute or
evidence the Collateral Loans has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Collateral Agent, on behalf of the Secured Parties. 

  
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 (ix) With respect to any Collateral that constitutes a “certificated
security,” such certificated security has been delivered to the Collateral Agent, on behalf of the Secured Parties and, if in registered form, has been specially indorsed to the Collateral Agent, for the benefit of the Secured Parties, or in
blank by an effective indorsement or has been registered in the name of the Collateral Agent, for the benefit of the Secured Parties, upon original issue or registration of transfer by the Borrower of such certificated security. 

(x) With respect to any Collateral that constitutes an “uncertificated security”, the Borrower either (x) has
caused the issuer of such uncertificated security to register the Collateral Agent, on behalf of the Secured Parties, as the registered owner of such uncertificated security or (y) has caused the issuer of such uncertificated security to agree
to comply with instructions of the Collateral Agent without further consent of the Borrower. 
 (xi) The Borrower is not a Non-Exempt Person. 
 (b) Upon each transfer of Collateral in the manner specified in
Section 8.7 and after the other actions described in Section 8.7 have been taken by the appropriate parties, the Collateral Agent in accordance with Section 8.7, for the
benefit of the Secured Parties, will have a perfected pledge of and security interest in such Collateral and all proceeds thereof (subject to § 9-315(c) of the UCC), which security interest shall be
prior to all other interests in such Collateral, other than certain Permitted Liens that are prior to the security interest of the Secured Parties by operation of law or, in the case of clause (h) of the definition of “Permitted
Liens”, by contract. No filings other than those described or referred to in Section 8.7 or any other action other than those described in Section 8.7 will be necessary to perfect such
security interest. 
 (c) Immediately before giving effect to each transfer of Collateral Loans, Eligible Investments and other Collateral
by the Borrower to the Collateral Agent in accordance with Section 8.7, the Borrower will be the beneficial owner of such Collateral Loans, Eligible Investments and other Collateral, and the Borrower will have the right to
receive all Collections on such Collateral Loans, Eligible Investments and other Collateral, in each case free and clear of all Liens, security interests and adverse claims other than Permitted Liens. 

(d) All of the Obligors and administrative agents, as applicable, in respect of the Collateral Loans, or Selling Institutions in respect of
Participation Interests, have been instructed to make payments to the Collection Account. 
 Section 4.20 Ordinary Course. 

Each repayment of principal or interest under this Agreement shall be (x) in payment of a debt incurred by the Borrower in the ordinary
course of business or financial affairs of the Borrower and (y) made in the ordinary course of business or financial affairs of the Borrower. 

  
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 Section 4.21 Compliance with Anti-Corruption Laws and Anti-Money Laundering
Laws. 
 The Borrower represents and warrants that (a) neither it nor any of its directors or officers, nor (to the knowledge of
the Borrower) any of its Affiliates, brokers and agents acting or benefitting in any capacity in connection with the Loans, have engaged in any activity or conduct that would breach Anti-Corruption Laws or Anti-Money Laundering Laws and (b) it
has instituted and maintains policies and procedures designed to promote and achieve compliance with Anti-Corruption Laws and Anti-Money Laundering Laws. 

Section 4.22 Anti-Corruption Laws. 

(a) No part of the proceeds of the Loans shall be used, directly or indirectly: (1) to offer or give anything of value to any official or
employee of any foreign government department or agency or instrumentality or government-owned entity, to any foreign political party or party official or political candidate or to any official or employee of
a public international organization, or to anyone else acting in an official capacity (collectively, “Foreign Official”), in order to obtain, retain or direct business by (i) influencing any act or decision of such Foreign
Official in his official capacity, (ii) inducing such Foreign Official to do or omit to do any act in violation of the lawful duty of such Foreign Official, (iii) securing any improper advantage or (iv) inducing such Foreign Official
to use his influence with a foreign government or instrumentality to affect or influence any act or decision of such government or instrumentality; (2) to cause any party to this Agreement to violate the U.S. Foreign Corrupt Practices Act of
1977; or (3) to cause any party to this Agreement to violate any other anticorruption law applicable to such parties. 
 (b) The
Borrower, and, to the knowledge of the Borrower, each of the Borrower’s Affiliates, brokers, and other agents acting on its behalf are in compliance with Anti-Corruption Laws. 

Section 4.23 Compliance with Sanctions. 

The Borrower represents and warrants that neither it nor any of its directors or officers, nor (to the knowledge of the Borrower) any of its
Affiliates, brokers and agents acting or benefitting in any capacity in connection with the Loans is (i) a Sanctioned Person, or (ii) in violation of any Sanctions, and (b) no Loan, use of proceeds or other transaction contemplated by
this Agreement will result in the violation of any applicable Sanctions by any party to this Agreement. 
 Section 4.24 Reports
Accurate. 
 Each and every Notice of Borrowing, Collateral Report, certificate and other written or electronic information, exhibits,
financial statements, documents, books, records or reports furnished by the Borrower to any Agent, the Custodian, the Document Custodian or any Lender in connection with this Agreement and any other Loan Document is accurate, true and correct in all
material respects as of the date hereof and the date so furnished and no such Notice of Borrowing, Collateral Report or other certificate so furnished by the Borrower contains any material misstatement of fact or, in the case of any of the foregoing
other than Notices of Borrowing, Collateral Reports or other regularly scheduled reports required to be delivered hereunder, omits to state a material fact or any fact necessary to make the statements contained therein not materially misleading as
of the date hereof or the date so furnished. 

  
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 Section 4.25 Compliance with Laws. 

The Borrower is in compliance in all material respects with all Applicable Law except where the necessity of compliance therewith is contested
in good faith by appropriate proceedings. 
 Section 4.26 Exchange Act Compliance; Regulations T, U and X. 

None of the transactions contemplated herein or in any other Loan Document (including the use of proceeds from the sale of any item in the
Collateral) will violate or result in a violation of Section 7 of the Exchange Act or Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to
carry or purchase, and no proceeds from the advances hereunder will be used to carry or purchase, any Margin Stock or to extend “purpose credit” within the meaning of Regulation U. 

Section 4.27 Collection Accounts; Payment Accounts; Custodian Accounts. 

(a) The Covered Accounts are the only accounts (i) to which any Obligor or any agent, custodian, lender or other applicable Person have
been instructed by the Borrower to use for purposes of this Agreement and the other Loan Documents, and (ii) the Borrower has opened with respect to the handling, maintenance, accounting and/or administration of any Collateral, Collateral
Loans, Collections, Interest Payments, proceeds from the Distribution of any Collateral or any other amounts collected or received under this Agreement or any other Loan Document or to be used in connection with the payment of any expenses, fees or
other amounts due under this Agreement or any other Loan Document. 
 (b) The Borrower has not granted any Person other than the Collateral
Agent, for the benefit of the Secured Parties, an interest in each such account. 
 (c) All Collections and other amounts received by the
Borrower or any of its Affiliates with respect to the Collateral are held in trust for the benefit of the Collateral Agent, for the benefit of the Secured Parties, until deposited into the Collection Account as provided herein. 

ARTICLE V 
 AFFIRMATIVE
AND NEGATIVE COVENANTS OF THE BORROWER 
 The Borrower covenants and agrees that, so long as any Lender has any Commitment hereunder or
any Obligations remain unpaid, and unless the Majority Lenders shall otherwise consent (in their sole discretion) in writing: 

Section 5.1 Information. 

The Borrower will deliver (or will cause to be delivered) the following to the Agents and the applicable Rating Agency (and the Administrative
Agent shall promptly thereafter furnish copies thereof to each of the Lenders); provided that the information described in clause (g) below will be required to be furnished solely to the Administrative Agent for distribution to each of
the Lenders and the information described in clause (s) below will be required to be furnished solely to the Administrative Agent: 

  
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 (a) [reserved]; 

(b) simultaneously with the delivery of each set of financial statements referred to in clause (a) above, a certificate of an Authorized
Officer of the Borrower (substantially in the form as set out in Exhibit M); 
 (c) as soon as reasonably available and in any event
within 120 days after the end of each fiscal year, a balance sheet of the Parent as of the end of such fiscal year and the related statements of operations and cash flows for such fiscal year audited by independent public accountants of nationally
recognized standing; provided that if such audited balance sheet is not publicly available pursuant to the last sentence of this Section 5.1, then such audited financial statements shall be due within 30 days after request
by the Administrative Agent (so long as the date of such request such date is not less than 90 days after then end of the applicable fiscal year); 

(d) as soon as available and in any event within 60 days after the end of each of the first three quarters of each fiscal year, a balance
sheet of the Parent as of the end of such quarter and the related statements of operations for such quarter and for the portion of the Parent’s fiscal year ended at the end of such quarter, unless such statements are publicly available; 

(e) (i) within two Business Days after a Senior Authorized Officer of the Borrower obtains actual knowledge of any Default, if such
Default is then continuing, a certificate of such Senior Authorized Officer setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto; (ii) promptly and in any event within five
Business Days after a Senior Authorized Officer obtains knowledge thereof, notice of any (x) litigation or governmental proceeding pending or actions threatened against the Borrower or its rights in the Collateral Loans or other Collateral
which have had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (y) any other event, act or condition which has had or would reasonably be expected to have a Material Adverse Effect; and
(iii) promptly after a Senior Authorized Officer of the Borrower obtains knowledge that any loan included in the Collateral does not qualify as a “Collateral Loan,” notice setting forth the details with respect to such
disqualification; 
 (f) as soon as practicable upon (and no later than five Business Days after) the sending thereof, copies of all
reports, notices or documents that the Borrower sends to any governmental body, agency or regulatory authority (excluding routine filings) and not otherwise required to be delivered hereunder; 

(g) promptly and in any event within 10 Business Days after a Senior Authorized Officer of the Borrower obtains actual knowledge of any
of the following events, a certificate of the Borrower, executed by a Senior Authorized Officer of the Borrower, specifying the nature of such condition and the Borrower’s proposed response thereto: (i) the receipt by the Borrower of any
written communication, whether from a Governmental Authority, authorized 

  
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citizens group, employee or otherwise, that alleges that the Borrower is not in compliance with applicable Environmental Laws, and such noncompliance had or would reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect, (ii) the Borrower has actual knowledge that there exists any Environmental Claim pending or threatened against the Borrower that has had or would reasonably be expected to
have a Material Adverse Effect or (iii) the Borrower has actual knowledge of any release, emission, discharge or disposal of any Hazardous Substances that has had or would reasonably be expected to have a Material Adverse Effect; 

(h) not later than the tenth Business Day after the Collateral Report Determination Date for each calendar month (or if such day is not a
Business Day, the next succeeding Business Day), a report concerning the Collateral Loans and Eligible Investments (the “Collateral Report”); the first Collateral Report shall be delivered in October of 2022 and shall be determined
with respect to the Collateral Report Determination Date occurring in September of 2022; the Collateral Report for a calendar month shall contain the information with respect to the Collateral Loans and Eligible Investments described in
Exhibit D, and shall be determined as of the Collateral Report Determination Date for such calendar month; any calculations in connection with the Collateral Reports shall be made on a trade date basis. 

(i) on each Quarterly Payment Date, a Payment Date Report in accordance with Section 9.1(c); 

(j) from time to time such additional information regarding the Collateral or the financial position or business or other information of the
Borrower as the Agents, on either their own initiative or at the request of the Administrative Agent, the Majority Lenders or the applicable Rating Agency, may reasonably request in writing; provided that, such additional information shall
not include any information that the Services Provider reasonably determines in good faith is competitively sensitive, including without limitation, internal credit memos, investment committee memos and any proprietary analysis or similar
information prepared by the Services Provider or any of its affiliates; 
 (k) the information described in Exhibit F, at the times
indicated therein, which shall be subject to adjustment with the prior written consent of the Borrower and the Administrative Agent; 
 (l)
within five Business Days of the receipt thereof, copies of any letters received from the applicable Rating Agency in respect of credit estimates; 

(m) with respect to Collateral Loans with an S&P Rating of CCC-, promptly upon becoming aware
thereof, any information that may have a material adverse impact on the quality of such asset (as determined by the Services Provider using its reasonable business judgment); 

(n) within five Business Days of the receipt thereof, written notice of the occurrence of an event that would permit the termination of the
Corporate Services Agreement, or the replacement of the Services Provider under the Corporate Services Agreement; 
 (o) within five
Business Days after a Senior Authorized Officer of the Borrower obtains knowledge thereof, written notice of the occurrence of any Specified Change (other than a Specified Change which does not require the consent of the Majority Lenders under
Section 5.19) with respect to any Collateral Loan or any Collateral Loan becoming a Defaulted Loan; 

  
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 (p) promptly and in any event within five (5) Business Days after the effective date
thereof, notice of any material change in the accounting policies of the Borrower; 
 (q) reasonably promptly after request therefor, such
other information concerning Borrower as any Lender or any Agent may reasonably request (including, without limitation, information and documentation reasonably requested by any Agent or any Lender for purposes of compliance with the Beneficial
Ownership Regulation or applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act); 

(r) (i) promptly following a request by any Affected Lender which is (x) received in connection with a material amendment of any Loan
Document, a confirmation of the Retention Letter from the Retention Holder or (y) for additional information which is either in the possession of the Retention Holder or can be obtained at no material cost to the Retention Holder, such
additional information as such Affected Lender may reasonably request in order for such Affected Lender to comply with the Securitisation Regulation; 

(ii) promptly on becoming aware of the occurrence thereof, written notice of (x) any failure by the Retention Holder to
hold the Retained Interest in accordance with paragraph (a) of the Retention Letter; or (y) any failure by the Retention Holder to comply with any of its undertakings under paragraphs (b), (c), (e), (g) or (h) of Section 3 of the
Retention Letter; 
 (iii) on a monthly basis in each Collateral Report, a confirmation of continued compliance with the
requirements set forth in the Retention Letter; and 
 (iv) upon any written request therefor by or on behalf of the Borrower
or any Affected Lender delivered as a result of a material change in (x) the performance of the Loans, (y) the risk characteristics of the transaction or (z) the Collateral Loans and/or the Eligible Investments from time to time, a
certificate from an Authorized Officer of the Retention Holder confirming continued compliance with the requirements set forth in the Retention Letter. 

(s) as soon as reasonably practicable upon request therefor by the Administrative Agent, quarterly and annual financial reporting
packages (including, to the extent available, any financial statements, executed covenant compliance certificates and related covenant calculations with respect to such Obligor and with respect to each Collateral Loan). 

In addition, upon the effectiveness of any amendment or waiver of or supplement to a Collateral Loan that constitutes a Specified Change
described in clause (b) of the definition thereof, the Borrower (or the Services Provider on behalf of the Borrower) shall notify S&P (and shall promptly thereafter forward a copy of such notice to the Agents and the Lenders) and provide
available Required S&P Credit Estimate Information and any other available information S&P reasonably requests with respect thereto via email to CreditEstimates@spglobal. 

  
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 Documents required to be delivered pursuant to Section 5.1(c) (to
the extent any such documents are included in materials otherwise filed with the SEC) shall be deemed to have been delivered on the date on which (i) Parent posts such documents, or provides a link thereto, on the EDGAR website of the SEC; or
(ii) such documents are posted on Parent’s behalf on an internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial or third-party
website); provided that the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests such paper copies. 

Section 5.2 Payment of Obligations. 

The Borrower will pay and discharge, as and when due, all of its respective material obligations and liabilities, including, without
limitation, any obligation pursuant to any agreement by which it or any of its properties or assets is bound, except where such liabilities may be contested in good faith by appropriate proceedings, and will maintain in accordance with GAAP
appropriate reserves for the accrual of any of the same. The Borrower will file or cause to be filed all federal and other material tax returns and reports required to be filed by it and pay and discharge all income and other material Taxes, levies,
Liens and other charges on it or its assets and on the Collateral, except where such returns, reports, Taxes, levies, Liens or other charges are being contested in good faith by appropriate proceedings diligently conducted, and where adequate
reserves in accordance with GAAP are being maintained. 
 Section 5.3 Employees. 

The Borrower shall not have any employees (other than its directors and managers to the extent they are employees). 

Section 5.4 Good Standing. 

The Borrower will remain qualified to do business and in good standing (as applicable) in its jurisdiction of formation and every other
jurisdiction in which the nature of its businesses so requires, except where the failure to be so qualified and in good standing would not reasonably be expected to have a Material Adverse Effect. 

Section 5.5 Compliance with Laws. 

The Borrower will comply in all respects with all Applicable Law except where the necessity of compliance therewith is contested in good faith
by appropriate proceedings. 
 Section 5.6 Inspection of Property, Books and Records; Audits; Etc. 

(a) The Borrower will keep proper books of record and accounts in which full, true and correct entries in all respects in accordance with GAAP
shall be made of all financial matters and transactions in relation to its business and activities, and will permit representatives of the Administrative Agent, the Collateral Agent and the Collateral Administrator (in each case at the
Borrower’s expense, in the case of not more than one inspection during any fiscal year except during the continuance of an Event of Default) to visit and inspect any of its properties, to examine and make copies and/or abstracts from any of its
books and records, to examine and make copies 

  
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of the Related Contracts, and to discuss its affairs, finances and accounts with its officers, employees and independent public accountants, all at reasonable times in a manner so as to not
unduly disrupt the business of the Borrower, upon reasonable prior notice to the Borrower and as often as may reasonably be desired; provided that any expenses incurred by the Borrower hereunder shall be reasonable and documented. 

(b) If requested by the Majority Lenders, the Borrower agrees that representatives of the Majority Lenders (or an independent third-party auditing firm selected by the Majority Lenders) may (at the Borrower’s expense) conduct an audit and/or field examination of the Borrower and the Services Provider, at reasonable times in a manner
so as to not unduly disrupt the business of the Borrower or the Services Provider, for the purpose of examining the servicing and administration of the Collateral Loans, the results of which audit and/or field examination shall be promptly provided
to the Lenders; provided that, so long as no Event of Default exists, no more than one such audit or field examination shall be conducted during any fiscal year of the Borrower and any expenses incurred in the course of such audit and/or
field examination shall be reasonable and documented. 
 (c) If requested by the Administrative Agent or the Majority Lenders, the Borrower
and the Services Provider shall participate in a meeting with the Administrative Agent and the Lenders once during each fiscal year of the Borrower, to be held at a location in New York City and at a time reasonably determined by the Borrower and
the Services Provider. 
 Section 5.7 Existence; Organizational Procedures. 

(A) The Borrower shall do or cause to be done, all things necessary to preserve and keep in full force and effect its
existence, its material rights and its material obligations, licenses franchises and privileges (in each case, as determined on an individual basis and when taken as a whole) in the jurisdiction of its formation and will promptly obtain and
thereafter maintain qualifications to do business as a foreign limited liability company in any other jurisdiction in which it does business and in which it is required to so qualify under Applicable Law except where the failure to so qualify would
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (B) The Borrower will
observe all organizational procedures required by its certificate of formation, limited liability company agreement and the laws of its jurisdiction of formation. 

Section 5.8 Subsidiaries; Equity Interest. 

The Borrower shall not directly or indirectly own any Subsidiaries or any Equity Interest in any entity other than as otherwise permitted
pursuant to Section 4.17. 

  
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 Section 5.9 Investments. 

(a) The Borrower shall not make any investment other than in Collateral Loans or Eligible Investments; provided that the Borrower may
own Defaulted Loans and other Collateral only as permitted by the terms of this Agreement. The Borrower shall not acquire any debt obligation unless, at the time of the commitment to acquire such debt obligation, the Eligibility Criteria are
satisfied with respect to the debt obligations so acquired. The Borrower shall not acquire or fund any debt obligations after the Reinvestment Period except for (i) the funding of Exposure Amounts of Revolving Collateral Loans and Delayed
Funding Loans that were acquired by the Borrower prior to the end of the Reinvestment Period and (ii) the acquisition by the Borrower of a Collateral Loan where the commitment to make such acquisition was made prior to the end of the
Reinvestment Period, so long as such commitment provided for settlement in accordance with customary procedures in the relevant markets, but in any event for a settlement period no longer than three months following the date of such commitment. 

(b) The Borrower shall not at any time obtain or maintain title to any real property or obtain or maintain a controlling interest in an entity
that owns any real property. 
 (c) The Borrower shall not commit to acquire any Collateral Loan if such acquisition would be in
contravention of the terms of this Agreement, the Sale and Contribution Agreement or the Retention Letter. 
 Section 5.10
Restriction on Fundamental Changes. 
 (a) The Borrower shall not enter into any merger, consolidation, division or other
reorganization, or otherwise change its organizational structure, unless permitted by Applicable Law and unless: (i) the Lenders have provided their prior written consent to such merger or consolidation or reorganization; (ii) the Borrower
shall be the surviving entity; (iii) the applicable Rating Agency shall have been notified in writing of such merger or consolidation or reorganization and the Rating Condition is satisfied with respect to such merger, consolidation, division
or other reorganization; (iv) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; (v) the Borrower shall have delivered to each Agent and each Lender a certificate of an Authorized Officer
of the Borrower stating that (1) such merger or consolidation or reorganization complies with this Section 5.10(a), (2) all conditions precedent in this Section 5.10(a) relating to such
transaction have been complied with and (3) such transaction shall not cause the Borrower or the pool of Collateral to be required to register as an “investment company” under the Investment Company Act; and (vi) the fees, costs
and expenses of the Agents and Lenders (including any reasonable legal fees and expenses) associated with the matters addressed in this Section 5.10 shall have been paid by the Borrower or otherwise provided for to the
satisfaction of the Agents and Lenders. 
 (b) The Borrower shall not liquidate, wind-up or dissolve
(or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, including by way of division or any disposition of property to any Delaware LLC formed upon the consummation of a Delaware
LLC Division, in one transaction or series of transactions, all or any part of its business or property, whether now or hereafter acquired, except for transfers of its property expressly permitted by the Loan Documents. 

(c) The Borrower shall not amend its Constituent Documents without prior written notice to the applicable Rating Agency and the Administrative
Agent and, in the case of amendments that would reasonably be expected to affect the Lenders or the Administrative Agent, the prior written consent of the Majority Lenders or the Administrative Agent, respectively. 

  
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 Section 5.11 ERISA. 

The Borrower shall not establish, maintain or become obligated to contribute to any Plan or Multiemployer Plan or, to the extent it reasonably
could be expected to result in a Material Adverse Effect, permit any member of its ERISA Group to establish, maintain or become obligated to contribute to any Plan or Multiemployer Plan. The Borrower will not take any action or omit to take any
action that would result in its assets including (x) Plan Assets or (y) “plan assets” of any governmental plan that is subject to Similar Law, or that would result in the transactions contemplated under the Loan Documents,
including exercise of rights with respect to the Collateral, constituting a Prohibited Transaction or violation of Similar Law. 

Section 5.12 Liens. 

The Borrower shall not at any time directly or indirectly create, incur, assume or permit to exist, on any of its property, any Lien for
borrowed monies or any other Lien whatsoever except for Permitted Liens. Borrower shall defend the right, title and interest of the Collateral Agent, for the benefit of the Secured Parties, in, to and under the Collateral against all claims of third
parties to the extent commercially reasonable to do so (as determined by the Borrower in its reasonable discretion in consultation with the Agents and Majority Lenders), other than with respect to Permitted Liens. 

Section 5.13 Business Activities. 

The Borrower shall not engage in any business activity other than (i) the making, acquisition, origination, selling and maintenance of
Collateral Loans and the ownership of equity interests permitted hereby and (ii) any other activities expressly permitted by, contemplated by or reasonably ancillary to this Agreement and the other Loan Documents. 

Section 5.14 Fiscal Year; Fiscal Quarter. 

The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent,
which consent shall not be unreasonably withheld, conditioned or delayed. 
 Section 5.15
Anti-Money Laundering and Anti-Corruption Laws; Sanctions Laws. 

No portion of the proceeds of any Loan will be used, directly or, to the Borrower’s knowledge, indirectly, (a) in violation of
Anti-Corruption Laws or Anti-Money Laundering Laws, or (b) for any payment, promise to pay, or authorization of any payment (or giving of anything of value) to any governmental official or employee, political party, official of a political
party, candidate for political office or anyone else acting in an official capacity, in order to obtain, retain or direct business, or obtain any improper advantage, in violation of Anti-Corruption Laws. The Borrower shall not request any Loan, and
shall not (and shall procure that its Affiliates and its or their respective directors, officers, employees and agents shall not) use the proceeds of any Loan, in each case, directly or indirectly, for (1) the purpose of funding, financing or
facilitating any activities, business or transaction of or with any Sanctioned Person, or in any country that is the subject of country-wide or territory-wide Sanctions, in violation of Sanctions or (2) in any manner that would result in the
violation of any applicable Sanctions by any party to this Agreement. 

  
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 Section 5.16 Indebtedness. 

The Borrower shall not incur or suffer to exist any Indebtedness other than the Obligations and involuntarily incurred Contingent Obligations,
which would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect and which the Borrower shall use commercially reasonable efforts to promptly satisfy or otherwise resolve. 

Section 5.17 Use of Proceeds. 

The Borrower shall use the proceeds of the Loans solely (a) for the acquisition of Collateral Loans during the Reinvestment Period (and
after the Reinvestment Period only for the acquisition of Collateral Loans committed to during the Reinvestment Period, subject to Section 5.9), (b) to fund Exposure Amounts, (c) to pay fees and expenses incurred
with the closing and execution of this Agreement and the other Loan Documents and/or (d) to make a Permitted Parent Distribution. The Borrower shall not, directly or indirectly, use the proceeds of any Borrowing in any other manner that would
result in a violation of any Anti-Corruption Law or Sanctions by any Person. 
 Section 5.18
Bankruptcy Remoteness; Separateness. 
 (a) Limited Purpose Entity. 

(i) The Borrower at all times since its formation has been, and will continue to be, a limited liability company formed under
the laws of Delaware. The Borrower at all times since its formation has been, and will continue to be, duly qualified in its jurisdiction of formation and each other jurisdiction in which such qualification was or may be necessary for the conduct of
its business, except where the failure to be so qualified in any jurisdiction would not reasonably be expected to have a Material Adverse Effect; 

(ii) the Borrower at all times since its formation has complied, and will continue to comply, with its Constituent Documents
and the laws of the jurisdiction of its incorporation relating to companies formed with limited liability under the laws of Delaware; 

(iii) all customary formalities regarding the existence of the Borrower have been observed at all times since its formation and
will continue to be observed; 
 (iv) the Borrower has been adequately capitalized at all times since its formation and will
continue to be adequately capitalized in light of the nature of its business; and 
 (v) the Borrower has not any time since
its formation assumed or guaranteed, and will not assume or guarantee, the liabilities of any other Persons (other than any (A) reimbursement obligation or indemnity in favor of its officers or directors; provided that any such
reimbursement obligation or indemnity shall be subject to the Priority of Payments (B) the assumption of the obligations in connection with the ordinary course purchase, sale or receipt as a contribution of Collateral Loans). 

  
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 (b) No Bankruptcy Filing. The Borrower is not contemplating either the filing of a
petition by it under any state or federal bankruptcy or insolvency laws of any jurisdiction or the liquidation of all or a major portion of its assets or property, and it has no knowledge of any Person contemplating the filing of any such petition
against it. 
 (c) Separate Existence. 

(i) At all times since its formation, the Borrower has accurately maintained, and will continue to accurately maintain, in all
material respects, its financial statements, accounting records and other corporate documents, as applicable, separate from those of the Services Provider and any other Person; provided, however, that if the Borrower prepares
consolidated financial statements with any Affiliates, (y) any such consolidated financial statements shall contain a note indicating the Borrower’s separateness from any such Affiliates and indicate its assets are not available to pay the
debts of such Affiliate or any other Person and (z) if the Borrower prepares its own separate balance sheet, such assets shall also be listed on the Borrower’s own separate balance sheet. Subject to Section 5.27,
the Borrower has not at any time since its formation commingled, and will not commingle, its assets with those of the Services Provider or any other Person. The Borrower has at all times since its formation accurately maintained, in all material
respects, and will continue to accurately maintain in all material respects, its own bank accounts and separate books of account. 

(ii) The Borrower has at all times since its formation paid, and will continue to pay, its own liabilities from its own
separate assets. 
 (iii) The Borrower has at all times since its formation identified itself, and will continue to identify
itself, in all dealings with the public, under its own name and as a separate and distinct entity. The Borrower has not at any time since its formation identified itself, and will not identify itself, as being a division or a part of any other
entity (other than for U.S. federal and state tax and consolidated accounting purposes). 
 (d) The Borrower will comply at
all times with the provisions of its Constituent Documents relating to separateness, bankruptcy remoteness and any similar provisions. 

Section 5.19 Amendments, Modifications and Waivers to Collateral Loans. 

(a) In the performance of its obligations hereunder, the Borrower may enter into any amendment or waiver of or supplement to any Related
Contract; provided that the prior written consent of the Majority Lenders to any such amendment, waiver or supplement shall be required if (i) an Event of Default has occurred and is continuing or would result from such amendment,
waiver or supplement or (ii) such amendment, waiver or supplement constitutes a Specified Change; provided that (A) in the case of clause (ii) above, if the Borrower notifies the Administrative Agent of the proposed amendment,
waiver or supplement and the Administrative Agent (at the direction of the Majority Lenders) does not object within 15 Business Days after written notice thereof is provided to the Lenders, the proposed amendment, waiver or supplement

  
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will be deemed to have been consented to by the Administrative Agent (at the direction of the Majority Lenders) and (B) in the case of clause (ii) above, during the Reinvestment Period
such prior written consent shall not be required if the relevant Collateral Loan after giving effect to the Specified Change would be eligible to be acquired by the Borrower (without regard to the Concentration Limitations) in accordance with the
terms of this Agreement and no Default shall have occurred and be continuing. 
 (b) Any Collateral Loan that, as a result of any amendment,
waiver or supplement thereto, ceases to qualify as a Collateral Loan, will thereafter be deemed to be a Defaulted Loan for so long as it remains unqualified to be a Collateral Loan by the terms of this Agreement. 

(c) In the event that the Borrower enters into any amendment or waiver of or supplement to a Collateral Loan that is not consented to by the
Majority Lenders and such amendment, waiver or supplement results in the failure of the Maximum Weighted Average Life Test (but would otherwise qualify as a Collateral Loan), such Collateral Loan will thereafter be treated as a Defaulted Loan
hereunder until such time as the Maximum Weighted Average Life Test is satisfied (provided that if, at the time of such satisfaction of the Maximum Weighted Average Life Test, such Collateral Loan would otherwise be considered a Defaulted Loan in
accordance with the terms of this Agreement (including clause (b) above), such Collateral Loan will continue to be treated as a Defaulted Loan hereunder until such Collateral Loan is no longer considered a Defaulted Loan in accordance with the
terms of this Agreement (including clause (b) above)). 
 Section 5.20 Hedging. 

(a) The Borrower may, at any time and from time to time, enter into any Interest Hedge Agreements (subject in each case to
(i) satisfaction of the Rating Condition and (ii) unless the cost of such Interest Hedge Agreement is paid in full at the time it is executed, the prior written consent of the Majority Lenders). The Borrower will not amend or replace any
Interest Hedge Agreement unless the Rating Condition shall have been satisfied in connection with such amendment or replacement and the Majority Lenders have provided their prior written consent thereto. The Borrower (or the Services Provider on
behalf of the Borrower) shall promptly provide written notice of entry into, and the amendment or replacement of, any Interest Hedge Agreement to the Agents and the Lenders. Notwithstanding anything to the contrary contained herein, the Borrower (or
the Services Provider on behalf of the Borrower) shall not enter into any Interest Hedge Agreement (A) unless it obtains written advice of counsel that (1) the written terms of the derivative directly relate to the Collateral Loans and
(2) such derivative reduces the interest rate and/or foreign exchange risks related to the Collateral Loans and the Loans and (B) that would cause the Borrower to be considered a “commodity pool” as defined in Section 1a(10)
of the Commodity Exchange Act unless (i) the Services Provider, and no other party, including but not limited to the Collateral Agent, the Custodian and the Administrative Agent, is registered as a “commodity pool operator” as defined
in Section 1(a)(11) of the Commodity Exchange Act and “commodity trading advisor” as defined in Section 1(a)(12) of the Commodity Exchange Act with the CFTC or (ii) with respect to the Borrower as the commodity pool, the
Services Provider would be eligible for an exemption from registration as a commodity pool operator and commodity trading advisor and all conditions for obtaining the exemption have been satisfied. The Services

  
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Provider agrees that for so long as the Borrower is a commodity pool, the Services Provider will take all actions necessary to ensure ongoing compliance with, as the case may be, either
(x) the applicable exemption from registration as a commodity pool operator and/or a commodity trading advisor with respect to the Borrower or (y) the applicable registration requirements as a commodity pool operator and/or a commodity
trading advisor with respect to the Borrower, and will in each case take any other actions required as a commodity pool operator and/or a commodity trading advisor with respect to the Borrower. 

(b) Each Interest Hedge Agreement shall contain appropriate limited recourse and non-petition
provisions equivalent (mutatis mutandis) to those contained in Section 12.15. Each Interest Hedge Counterparty shall be required to satisfy, at the time that any Interest Hedge Agreement to which it is a party is
entered into, the then-current Rating Agency criteria for hedge counterparties with respect to any Interest Hedge Agreements shall be subject to the Priority of Payments specified in
Section 9.1(a) and Section 6.4. Each Interest Hedge Agreement shall contain an acknowledgement by the Interest Hedge Counterparty that the obligations of the Borrower to the Interest Hedge
Counterparty under the relevant Interest Hedge Agreement shall be payable in accordance with the Priority of Payments specified in Section 9.1(a) and Section 6.4 and the Borrower shall use its
commercially reasonable efforts to provide that it may not be terminated due to the occurrence of an Event of Default until liquidation of the Collateral has commenced. 

Section 5.21 Title Covenants. 

The Borrower covenants that at no time shall it: 

(a) create, permit or suffer to be created any Lien or security interest in the Collateral other than Permitted Liens; or 

(b) except as otherwise expressly permitted herein, sell, transfer, assign, convey, grant, bargain, set over, deliver or otherwise dispose of,
or pledge or hypothecate, directly or indirectly, any Collateral or any interest therein to any Person other than the Collateral Agent for the benefit of the Secured Parties or in connection with Permitted Liens, or engage in financing transactions
or similar transactions with respect to the Collateral with any Person other than pursuant to this Agreement. 
 The Borrower further
covenants and agrees to defend the Collateral against the claims and demands of all other parties to the extent necessary to preserve the first-priority security interest of the Collateral Agent in the
Collateral (subject to Permitted Liens). The Borrower shall take all action reasonably necessary or reasonably requested by the Collateral Agent, Collateral Administrator, Majority Lenders or Administrative Agent to perfect, protect and more fully
evidence the Borrower’s ownership of the Collateral free and clear of any Lien other than the Lien created hereunder and Permitted Liens. 

  
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 Section 5.22 Further Assurances. 

(a) The Borrower shall at its sole expense file, record, make, execute and deliver all such notices, instruments, powers of attorney,
statements and other documents, and take such acts, as the Collateral Agent (acting at the direction of the Administrative Agent) may reasonably request from time to time to register in the name of the Collateral Agent or its nominee, and to
perfect, preserve or otherwise protect the security interest of the Collateral Agent, for the benefit of the Secured Parties in, the Collateral or any part thereof, or to give effect to the rights, powers and remedies of the Collateral Agent
hereunder, including but not limited to execution and delivery of financing statements. The Borrower shall be obligated to perform its obligations under this Agreement notwithstanding the ability of the Collateral Agent to take such actions pursuant
to the provisions of Section 5.24. 
 (b) Not earlier than six months and not later than one month prior to the
fifth anniversary of the date of filing of the UCC-1 financing statement referred to in Section 8.7, unless the Obligations have been paid in full, the Borrower shall furnish to the
Collateral Agent an opinion of counsel to the effect that, in the opinion of such counsel, as of the date of such opinion, the lien and security interest created by this Agreement with respect to the Collateral remains a valid and perfected first
priority lien in favor of the Collateral Agent for the benefit of the Secured Parties, which opinion may contain usual and customary assumptions, limitations and exceptions. 

(c) Except as expressly permitted under this Agreement, the Borrower shall not take any action which would directly or indirectly materially
impair or adversely affect the Borrower’s title to the Collateral. 
 Section 5.23 Costs of Transfer Taxes and Expenses

 (a) Without duplication of any amounts payable under Section 11.3, the Borrower shall pay or cause to be paid
all transfer Taxes and other costs incurred in connection with all transfers of Collateral. 
 (b) Without duplication of any other
provision of this Agreement, the Borrower agrees to pay the Collateral Agent the reasonable and documented out-of-pocket costs and expenses, including but not limited to
reasonable and documented attorneys’ fees and other charges, incurred by the Collateral Agent in connection with making collections on any Collateral. 

Section 5.24 Collateral Agent May Perform. 

(a) If the Borrower fails to perform any agreement contained herein to be performed by it, the Collateral Agent may, upon the written
instructions of the Administrative Agent or the Majority Lenders, itself file, record, make, execute and deliver all such notices, instruments, statements and other documents, and take such acts, as the Majority Lenders may determine to be necessary
or desirable from time to time to perfect, preserve or otherwise protect the security interest of the Collateral Agent, for the benefit of itself and the Secured Parties and otherwise perform, or cause performance of, any other such actions as the
Majority Lenders shall determine is necessary or desirable, and the reasonable fees and out-of-pocket expenses of the Collateral Agent and Lenders incurred in connection
therewith shall be payable by the Borrower and shall be part of the Obligations. 
 (b) The powers conferred on the Collateral Agent
hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for
monies actually received by it hereunder, the Collateral Agent 

  
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shall have no duty as to any Collateral or responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative
to any Collateral, whether or not the Collateral Agent has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. 

Section 5.25 Notice of Name Change. 

The Borrower shall give the Agents and the applicable Rating Agency not less than 30 days’ notice of any change of its name and not
less than 30 days’ notice of any change of its principal place of business and will take all steps necessary to preserve the first priority perfected security interest of the Collateral Agent in the Collateral. The Borrower shall not change the
jurisdiction of its formation, change the location of its principal place of business and chief executive office or make any change to its name or use any tradenames, fictitious names, assumed names, “doing business as” names or other
names unless, prior to the effective date of any such change in the jurisdiction of its formation, change in location or name change or use, the Borrower provides at least 10 days prior written notice thereof and delivers to the Administrative Agent
and Collateral Agent such financing statements or other documentation as the Administrative Agent or Collateral Agent may request to reflect such change in the jurisdiction of its formation, change in location or name change or use, together any
other documents and instruments as the Administrative Agent or Collateral Agent may reasonably request in connection therewith. The Borrower shall not move, or consent to the moving of, any of its books or records related to the Collateral Loans or
any other Collateral from the location thereof on the Closing Date or on the date such Collateral Loan or other Collateral was obtained, as applicable, unless the Administrative Agent and the Collateral Agent shall consent to such move in writing
(such consent not to be unreasonably withheld, delayed or conditioned). 
 Section 5.26 Delivery of Related Contracts. 

The Borrower (or the Services Provider on behalf of the Borrower) shall deliver copies of all Related Contracts in its possession to the
Document Custodian within five Business Days of the Borrower’s acquisition of the related Collateral Loan. 
 Section 5.27
Delivery of Proceeds. 
 In the event that the Borrower receives any payments in respect of or other proceeds of Collateral Loans or
other Collateral or any capital contribution, the Borrower shall hold such payments or other proceeds in trust for and pay such payments or other proceeds to the Collateral Agent promptly and, in no event, later than two Business Days after the
Borrower’s receipt thereof. 
 Section 5.28 Performance of Obligations. 

The Borrower shall timely and fully comply with and perform in all material respects its obligations under the Collateral Loans and other
Collateral in accordance with the terms thereof. 

  
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 Section 5.29 Limitation on Dividends. 

The Borrower will not declare or make any direct or indirect distribution, dividend or other payment to any person on account of any Equity
Interests in, or ownership of any similar interests or securities of the Borrower, except for Permitted Distributions or Permitted Parent Distributions. 

Section 5.30 Renewal of Credit Estimates. 

For each Collateral Loan with a credit estimate provided by a Rating Agency, the Borrower shall submit such Required S&P Credit Estimate
Information as is required by such Rating Agency to renew such credit estimate within the 12 month period following receipt of the most recent credit estimate provided by such Rating Agency for such Collateral Loan. 

Section 5.31 Annual Rating Review. 

On or before the anniversary date of the Closing Date in each calendar year, or the last Business Day immediately preceding such date if such
date is not a Business Day, the Borrower shall pay for the ongoing monitoring of the rating of the Loans by the applicable Rating Agency and promptly after receipt thereof provide copies thereof to the Agents and the Lenders. The Borrower shall
promptly notify the Agents, the Services Provider and the Lenders in writing if at any time the rating of the Loans has been, or to the knowledge of a Senior Authorized Officer will be, changed or withdrawn, or the rating outlook on the Loans has
been, or to the knowledge of a Senior Authorized Officer will be, changed. 
 Section 5.32 Amendment to Loan Documents. 

The Borrower shall not amend any of the Loan Documents except pursuant to the applicable terms thereof and
Section 12.5 of this Agreement. 
 Section 5.33 Transactions With Affiliates. 

Except pursuant to the Sale and Contribution Agreement, the Borrower shall not sell, lease or otherwise transfer any property or assets to, or
purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates unless (i) the terms and conditions of any such transaction are no less favorable to the Borrower than
the terms it would obtain in a comparable, arm’s length timely transaction with a non-Affiliate, (ii) such transaction is effected in accordance with all Applicable Law, (iii) such transaction
is conducted in an arm’s length transaction in the ordinary course of business and (iv) in the case of the sale of any Collateral Loan, the sale price is not less than the Market Value with respect to such Collateral Loan. The Borrower
shall ensure that all purchases of Collateral Loans from any Affiliate of the Borrower will be pursuant to and in accordance with the Sale and Contribution Agreement. This Section 5.33 shall not require the Seller or any
Affiliate of the Borrower to purchase from the Borrower or sell or otherwise transfer to the Borrower any property or assets except as provided by the Sale and Contribution Agreement. 

  
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 Section 5.34 Reports by Independent Accountants. 

(a) On or after the Closing Date, the Borrower (or the Services Provider on behalf of the Borrower) shall select one or more nationally
recognized firms of independent certified public accountants reasonably acceptable to the Administrative Agent for purposes of performing agreed-upon procedures required by this Agreement, which may be the
firm of independent certified public accountants that performs accounting services for the Borrower or the Services Provider. The Borrower may remove any firm of independent certified public accountants at any time. Upon any resignation by such firm
or removal of such firm by the Borrower, the Borrower (or the Services Provider on behalf of the Borrower) shall promptly appoint a successor thereto reasonably acceptable to the Administrative Agent that shall also be a nationally recognized firm
of independent certified public accountants, which may be a firm of independent certified public accountants that performs accounting services for the Borrower or the Services Provider. If the Borrower shall fail to appoint a successor to a firm of
independent certified public accountants which has resigned or has been removed within 30 days after such resignation or removal (as applicable), the Borrower shall promptly notify the Agents, the Majority Lenders and the Services Provider of
such failure in writing. If the Borrower shall not have appointed a successor within ten days thereafter, the Services Provider shall appoint a successor firm of independent certified public accountants of nationally recognized reputation reasonably
acceptable to the Administrative Agent. The fees of such firm of independent certified public accountants and its successor shall be payable by the Borrower as Administrative Expenses in accordance with the Priority of Payments and the terms of this
Agreement. In the event such firm requires the Collateral Agent to agree (whether in writing or otherwise) to the procedures performed by such firm, the Borrower hereby directs the Collateral Agent to so agree and directs the Collateral Agent to
execute a specified user agreement, access letter or agreement of similar import requested by such accountants, which may include among other things, (i) acknowledgement that the Borrower has agreed that the procedures to be performed by such
accountants are sufficient for the Borrower’s purposes, (ii) releases by the Collateral Agent (on behalf of itself and the Lenders and Administrative Agent) of claims against the firm and acknowledgement of other limitations of liability
in favor of the firm and (iii) restrictions or prohibitions on the disclosure of information or documents provided to it by such firm (including to the Lenders and Administrative Agent). It is understood and agreed that the Collateral Agent
will deliver such letters of agreement and similar documents in conclusive reliance on the foregoing direction of the Borrower. The Collateral Agent shall not have any responsibility to the Borrower or any Secured Party hereunder to make any inquiry
or investigation as to, and shall have no obligation, liability or responsibility in respect of, the terms of any engagement of any such firm, or the validity or correctness of such procedures or content of such letter (including without limitation
with respect to the sufficiency thereof for any purpose), any report or instruction (or other information or documents) prepared or delivered by any such accountants pursuant to any such engagement. In no event shall the Collateral Agent be required
to execute any agreement in respect of the accountants that it reasonably determines adversely affects it. For the avoidance of doubt, any costs, fees or expenses incurred by the Collateral Agent in connection with this
Section 5.34(a) shall be payable by the Borrower as Administrative Expenses in accordance with the Priority of Payments and the terms of this Agreement. 

(b) On or before the date that is 120 days following the end of each fiscal year of the Borrower, or the last Business Day immediately
preceding such date if such date is not a Business Day, commencing in 2022, the Borrower shall cause to be delivered to the Collateral Agent an agreed-upon procedures report from a firm of independent
certified public accountants appointed pursuant to clause (a) above for each Payment Date Report occurring in March and September of the prior calendar year (i) indicating that the calculations within those Payment Date Reports have been
recalculated and compared to the information provided by the Borrower in 

  
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accordance with the applicable provisions of this Agreement and (ii) listing the Aggregate Principal Balance of the Collateral Loans securing the Loans as of the immediately preceding
Measurement Dates; provided that in the event of a conflict between such firm of independent certified public accountants and the Borrower with respect to any matter in this Section 5.34, the determination by such
firm of independent public accountants shall be conclusive; provided further that, if there is any inconsistency between the calculations of the Borrower and the calculations of the firm of independent certified public accountants, the
Borrower shall promptly notify the Agents and the Lenders and describe such inconsistency in reasonable detail. Notwithstanding anything to the contrary herein, if the Custodian, the Administrative Agent, the Collateral Administrator or the
Collateral Agent fails within 75 days following the end of each fiscal year of the Borrower to execute any documentation required by the independent certified public accountants selected by the Borrower prior to the delivery of any report
contemplated by this Section 5.34(b), then the Borrower shall have no obligation to furnish any report covering such fiscal year pursuant to this Section 5.34(b). 

Section 5.35 Tax Matters as to the Borrower. 

(a) The Borrower shall (and each Lender hereby agrees to) treat the Loans as debt for U.S. federal income tax purposes and will take no
contrary position unless otherwise required by an applicable taxing authority. 
 (b) The Borrower has not and shall not at any time make
any election to be treated, for U.S. federal income tax purposes, as other than either (i) an entity disregarded as separate from a sole owner, or (ii) a partnership (other than a publicly traded partnership taxable as a corporation). 

(c) The Borrower will deliver or cause to be delivered an IRS Form W-9, or applicable successor form
from its sole owner to each issuer, counterparty, paying agent, as necessary to permit the Borrower to receive payments without U.S. withholding tax. 

(d) Subject to the satisfaction of the Eligibility Criteria, no more than 50% of the debt obligations or interests therein (in each case as
determined for U.S. federal income tax purposes) held by the Borrower may at any time consist of real estate mortgages (or interests therein) as determined for purposes of Section 7701(i) of the Code, unless the Borrower receives an opinion of
nationally recognized tax counsel experienced in such matters to the effect that the ownership of such debt obligations will not cause the Borrower to be treated as a taxable mortgage pool for U.S. federal income tax purposes. 

Section 5.36 Pool Concentrations. 

During the Reinvestment Period the Borrower shall use commercially reasonable efforts to ensure that the pool of Collateral contains
Collateral Loans of no less than 20 different Obligors. 
 Section 5.37 Beneficial Ownership Certification. 

If the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation and if the information included in
the Beneficial Ownership Certification most recently provided to the Administrative Agent by the Borrower has changed in any respect, the Borrower shall deliver an updated Beneficial Ownership Certification to the Administrative Agent that is true
and correct in all respects. 

  
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 Section 5.38 Deposit of Misdirected Collections. 

The Borrower shall promptly (but in no event later than two (2) Business Days after receipt and identification thereof) deposit or cause
to be deposited into the Collection Account any and all Collections received by the Borrower. 
 Section 5.39 Instructions Regarding
Payments. 
 The Borrower will not make any change, or permit the Collateral Administrator or any Services Provider to make any change,
in its instructions to the Obligors, any agent or any lender, as applicable, regarding payments to be made with respect to the any Collateral Loan or other Collateral to the Collection Account or other applicable account, as applicable, unless the
Majority Lenders have directed, or otherwise has consented in writing to, such change (such consent not to be unreasonably withheld, delayed or conditioned). 

Section 5.40 Retention Letter. The Borrower shall (i) procure the Retention Holder not to amend, supplement, modify,
repudiate or waive any provision, of any Retention Letter without the prior written consent of the Administrative Agent and each Affected Lender and (ii) procure that the Retention Holder has not changed and will not change the manner in which
it retains the Retained Interest (as defined in the Retention Letter), except to the extent permitted by the EU Retention Requirements and with the prior written consent of the Administrative Agent and each Affected Lender. 

Section 5.41 Post-Closing Rating. 

(a) The Borrower, with the cooperation of the Administrative Agent, shall endeavor to obtain a rating from S&P of the Loans of at least
“A (sf)” on or prior to the six-month anniversary of the Closing Date and the Borrower and Lenders agree to amend this Agreement and the other Loan Documents as reasonably necessary to obtain such
rating. In the event that on or after the three-month anniversary of the Closing Date, the Administrative Agent does not have a reasonable expectation that such rating will be obtained by the six-month
anniversary of the Closing Date, the Administrative Agent will notify the Borrower. The Borrower will thereafter have the right to obtain an equivalent rating from Fitch or DBRS and the Majority Lenders and the Administrative Agent will
cooperate with the Borrower in order to obtain such equivalent rating from Fitch or DBRS, including by amending this Agreement and the other Loan Documents to the extent reasonably necessary to obtain such equivalent rating. The Majority
Lenders and the Administrative Agent will not unreasonably withhold consent to any amendments required by any Rating Agency in order to obtain such a rating. 

(b) If the Borrower does not obtain such rating from S&P, Fitch or DBRS prior to the six-month
anniversary of the Closing Date, the Reinvestment Period shall automatically be suspended, unless (1) the Administrative Agent and all Lenders other than Lenders whose Commitment is less than $75,000,000 (provided that if a Lender had or would
have had a Commitment of equal to or more than $75,000,000 at any time which has been reduced per Section  

  
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2.7, consent of such Lender shall be required) provide written consent not to suspend the Reinvestment Period at such time or (2) the Borrower provides notice to the Administrative
Agent that (x) it was not able to obtain such rating from S&P, Fitch or DBRS within such time period as a result of the inability of S&P, Fitch or DBRS (as applicable) to timely complete its required procedure to provide such rating,
and (y) the Borrower certifies to the Administrative Agent that it has determined, in good faith and in a commercially reasonable manner, that such rating will be obtained by the nine-month anniversary of the Closing Date, in which case the
Reinvestment Period shall automatically be suspended if no such rating has been obtained by the nine-month anniversary of the Closing Date, unless the Administrative Agent and all Lenders other than Lenders whose Commitment is less than $75,000,000
(provided that if a Lender had or would have had a Commitment of equal to or more than $75,000,000 at any time which has been reduced per Section 2.7, consent of such Lender shall be required) provide written consent not to
suspend the Reinvestment Period at such time; provided that, in the event a Lender does not provide its consent under this Section 5.41, another Lender may assume the Commitment of such
Non-Consenting Lender. 
 Notwithstanding anything contained in this Agreement to the contrary, in
the event that (1) the Borrower does not obtain any rating referred to in this Section 5.41 on or prior to the six-month anniversary of the Closing Date (or, if clause (b)(2)
above is applicable, the nine-month anniversary of the Closing Date) and such failure to obtain a rating is not primarily due to credit-related reasons either with respect to the Collateral or as it relates to the direct lending market generally
(for the avoidance of doubt, credit-related reasons include without limitation credit deterioration or material defaults of the Collateral Loans), (2) the Reinvestment Period is suspended solely as a result of such failure to obtain a rating and
(3) the Borrower has invoked its right to obtain a rating from Fitch or DBRS in accordance with clause (b)(2) above and has made commercially reasonable efforts in good faith to obtain a rating in accordance with this
Section 5.41 (the occurrence of all of the foregoing events, a “Rating Failure Event”), then (i) the Borrower will have the right to prepay the Loans in full and terminate the Commitments in accordance
with Section 2.7, (ii) the Borrower will have the right to enter into a collateralized loan obligation transaction using the Collateral with any placement agent and the proceeds of the issuance of securities in such
transaction shall be applied to repay the Loans in full and the Total Revolving Commitment and the Total Term Commitment shall be irrevocably reduced to zero, (iii) only if the Total Revolving Commitment and the Total Term Commitment have been
irrevocably reduced to zero and all Loans have been repaid in full in accordance with this Agreement, Société Générale (or any of its Affiliates) shall rebate to the Parent a portion of the Upfront Fee that was paid
pursuant to Section 1 of the Fee Letter in an amount equal to: (A) the number of calendar days from the occurrence of the Rating Failure Event to the second anniversary of the Closing Date divided by (B) 730 multiplied by
(C) the total amount of the Upfront Fee that was paid to Société Générale or any of its Affiliates pursuant to Section 1 of the Fee Letter and (iv) the Commitment Fee will be deemed to be 0.0% during
any period while the Reinvestment Period is suspended in accordance with this Section 5.41. 

  
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 ARTICLE VI 

EVENTS OF DEFAULT 

Section 6.1 Events of Default. 

The term “Event of Default” shall mean any of the events set forth in this Section 6.1: 

(a) a default in the payment, when due and payable, of any interest, fees, costs, expenses, indemnities or other amounts (other than
principal) due on any Loan or any related obligations in respect thereof and the continuation of such default for five (5) Business Days after the date such amounts become due and payable if such date is provided in this Agreement or the
applicable Loan Document (or, if no such date is provided or such amount is not fixed, five (5) Business Days after notice shall have been given to the Borrower by the Majority Lenders, the intended recipient of such amounts or the
Administrative Agent, specifying such amount that has become due and payable); provided that in the case of a failure to pay due to an administrative error or omission by the Collateral Agent, such failure continues for five (5) Business
Days after the Collateral Agent receives written notice or has actual knowledge of such administrative error or omission and has provided notice of such failure to the Borrower; 

(b) a default in the payment of any principal due on any Loans when such principal becomes due and payable (x) on the Stated Maturity or
(y) as otherwise provided for in any Loan Document; provided that, solely in the case of clause (y), in the case of a failure to pay due to an administrative error or omission by the Collateral Agent, such failure continues for five
(5) Business Days after the Collateral Agent receives written notice or has actual knowledge of such administrative error or omission and has provided notice of such failure to the Borrower; 

(c) the failure on any Quarterly Payment Date to disburse amounts available in the Payment Account or Collection Account in accordance with
the Priority of Payments and continuation of such failure for a period of five Business Days or, in the case of a failure to disburse due to an administrative error or omission by any Agent, such failure continues for five Business Days after such
Agent receives written notice or has actual knowledge of such administrative error or omission and has provided notice of such failure to the Borrower; 

(d) the Borrower or the pool of Collateral becomes an investment company required to be registered under the Investment Company Act; 

(e) the occurrence of any one or more of the following: 

(i) failure of any representation or warranty in Section 4.5, 4.9, 4.12, 4.19,
4.21, 4.22, 4.23, 4.26 or 4.27 to be correct in all material respects (without duplication of any materiality qualifiers) when made, or default in the performance, or breach, of any covenant contained in
Section 5.1(e)(i), 5.9 (excluding, on no more than two occasions, in the case of clauses 5.9(a) and (c), a default or breach resulting from a good faith error so long as (A) no Market Trigger
has occurred and is continuing (after disregarding the Principal Balance of any Collateral Loan acquired in violation of Section 5.9(a)) and (B) such default or breach is cured within three Business Days), 5.10,
5.11, 5.12, 5.13, 5.14, 5.15, 5.16, 5.18(a)(iv), 5.18(a)(v), 5.19(a)(i) or 5.19(a)(ii). 

  
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 (ii) a default in the performance, or breach, of any covenant contained in
Section 5.1(e)(ii), 5.1(e)(iii), 5.18(a)(i), (ii) or (iii) or 5.19(a)(ii) and such default continues for a period of fifteen (15) days after a Senior Authorized Officer of the
Borrower has actual knowledge of such default; 
 (iii) a default in the performance, or breach, of any covenant contained in
Section 5.18(c) and the Administrative Agent (acting at the direction of the Majority Lenders) determines based on the advice of counsel that, as a result, such default a nationally recognized firm would be unable to
provide a new non-consolidation opinion in form and substance reasonably satisfactory to the Administrative Agent; 

(iv) a default in the performance, or breach, of any other covenant, warranty or other agreement of the Borrower or the
Services Provider under this Agreement or any other Loan Document in any material respect or (y) the failure of any representation or warranty of the Borrower or the Services Provider made in this Agreement, any other Loan Document or in any
related certificate or other writing delivered pursuant hereto or thereto or in connection herewith or therewith to be correct when made (other than a covenant, representation, warranty or other agreement or a portion thereof a default in the
performance or breach or failure of which is otherwise specifically dealt with in this Section 6.1, it being understood, without limiting the generality of the foregoing, that any failure to meet any Concentration
Limitation, Collateral Quality Test or Coverage Test (except as provided in clause (h) below) is not an Event of Default), and such default, breach or failure either (A) is not susceptible of cure or (B) continues for a period of
15 days following the notice to the Borrower or the date on which a Senior Authorized Officer of the Borrower obtains actual knowledge of such default; provided, that no breach shall be deemed to occur hereunder in respect of any representation
or warranty relating to the “eligibility” of any Collateral Loan if after giving effect to the resulting change in the Principal Collateralization Amount with respect to such Collateral Loan, the Overcollateralization Ratio Test is
satisfied; 
 (f) the entry of a decree or order by a court of competent jurisdiction (i) adjudging the Borrower as bankrupt or
insolvent, (ii) approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Borrower under the Bankruptcy Code or any other Applicable Law, (iii) appointing a receiver,
liquidator, assignee, or sequestrator (or other similar official) of the Borrower or of any substantial part of its respective properties or (iv) ordering the winding up or liquidation of the affairs of the Borrower, respectively, and the
continuance of any such decree or order is unstayed and in effect for a period of 60 consecutive days; 
 (g) the institution by the
Borrower of proceedings for the Borrower to be adjudicated as bankrupt or insolvent, or the consent by the Borrower to the institution of bankruptcy or insolvency proceedings against it, or the filing by the Borrower of a petition or answer or
consent seeking reorganization or relief under the Bankruptcy Laws or any other similar Applicable Law, or the consent by the Borrower to the filing of any such petition or to the 

  
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appointment of a receiver, liquidator, assignee, trustee or sequestrator (or other similar official) of the Borrower of any substantial part of its property, or the making by it of an assignment
for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of any action by the Borrower in furtherance of any such action; 

(h) any Lien on any portion (other than a de minimis portion) of the Collateral created pursuant to the Loan Documents shall, at any
time after delivery of the respective Loan Documents, cease to be fully valid and perfected as a first priority Lien subject only to Permitted Liens; 

(i) any of the Loan Documents ceases to be in full force and effect, other than in accordance with its terms; 

(j) one or more judgments or decrees shall be entered against the Borrower involving in the aggregate a liability of $1,000,000 or more, in
excess of the amounts paid or fully covered by insurance and the same shall not have been vacated, satisfied, undischarged, stayed or bonded pending appeal within 30 days from the entry thereof; 

(k) the occurrence of an act by the Services Provider or a senior officer of the Services Provider having responsibility for the performance
by the Borrower of its obligations under the Loan Documents or the performance by the Services Provider of its obligations under the Corporate Services Agreement that constitutes fraud in the performance of its investment management obligations
under this Agreement or the Corporate Services Agreement or that results in a felony criminal indictment; 
 (l) the occurrence of a Change
in Control; 
 (m) the Borrower incurs or could reasonably be expected to incur aggregate liability of $1,000,000 or more with respect to
any Plan or Multiemployer Plan (including as a result of being a member of its ERISA Group); 
 (n) the failure of the Borrower to maintain
at least one independent manager and such failure is not cured prior to the earlier of (i) the fifteenth Business Day during which such failure continues and (ii) the first date on which the board of managers (or equivalent governing body)
of the Borrower takes any action (by meeting, written consent or otherwise) other than to replace such independent manager; or 
 (o) the
Overcollateralization Ratio is less than (i) 125% as of any two consecutive Calculation Dates and remains so for five Business Days after the Quarterly Payment Date immediately following the second such Calculation Date or (ii) 115% as of
any Calculation Date, and in each case, remains so for five Business Days after the Quarterly Payment Date immediately following such Calculation Date; 

Upon obtaining actual knowledge of the occurrence of an Event of Default, the Borrower shall promptly notify the Agents, the Services
Provider, the Lenders and the applicable Rating Agency in writing (which notice shall refer to this Agreement and state that such notice is a notice of an Event of Default). 

  
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 Section 6.2 Remedies. 

If an Event of Default shall have occurred and be continuing, the Majority Lenders or the Administrative Agent may (or shall acting at the
direction of the Majority Lenders) exercise (or direct the Collateral Agent in the exercise of) the rights, privileges and remedies set forth in this Section 6.2. 

(a) Upon the occurrence and during the continuance of any Event of Default, each of the following actions shall require the prior written
approval by the Majority Lenders, whether or not approved by the Borrower’s board of directors or other persons performing similar functions: (i) issuance of any commitment to make, and the acquisition (other than pursuant to commitments
then in effect) of, any Collateral Loan or other loan or security constituting any Collateral or any interest therein, (ii) any amendment, modification, or waiver of, or any consent to departure from, any term or provision of any Collateral
Loan or other loan or security constituting any Collateral, (iii) any release of any collateral for, or guarantor of or other credit support provider for, any Collateral Loan or other loan or security constituting any Collateral, except upon
payment in full of such Collateral Loan or other loan or security or any subordination or limitation of recourse with respect thereto and except as otherwise required pursuant to the terms of the Related Contracts, (iv) any sale, purchase,
assignment or participation in respect of any Collateral Loan or other loan or security constituting any Collateral (other than pursuant to commitments then in effect or in the case of a sale or assignment upon payment in full of such Collateral
Loan or other loan or security), (v) any determination to exercise, or not to exercise, remedies in respect of a Collateral Loan or other loan or security constituting any Collateral following a default or event of default thereunder and
(vi) any other action or decision not to act which impairs or could be reasonably likely to impair the value of any Collateral Loan or other Collateral, or is otherwise adverse to any Collateral Loan or other Collateral, or to extend or
increase any of the Borrower’s obligations hereunder or with respect to any Collateral Loan or other Collateral, or to interfere with the exercise of rights or remedies with respect to any Collateral Loan or other Collateral. 

(b) Upon the occurrence and during the continuance of any Event of Default, in addition to all rights and remedies specified in this Agreement
and the other Loan Documents, including Section 6.3, and the rights and remedies of a secured party under Applicable Law, including the UCC, the Administrative Agent or the Majority Lenders, by notice to the Borrower, may
(i) declare the Commitments to be terminated forthwith, whereupon the Commitments shall forthwith terminate or (ii) declare the principal of and the accrued interest on the Loans and all other amounts whatsoever payable by the Borrower
hereunder (including any amounts payable under Section 2.8) to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind,
all of which are hereby waived by the Borrower (an “Enforcement Event”); provided that upon the occurrence of any Event of Default described in clause (f) or (g) of Section 6.1, the Loans
and all such other amounts shall automatically become due and payable without any further action by any party. 
 (c) Upon the occurrence
and during the continuance of an Event of Default, the Majority Lenders or the Collateral Agent (acting at the direction of the Administrative Agent or the Majority Lenders), will have the right to take any other remedies set forth in
Section 6.3(b) below or other remedies permitted by law. 

  
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 Section 6.3 Additional Collateral Provisions. 

(a) Release of Security Interest. If and only if all Obligations under the Loans have been paid in full and all Commitments have been
terminated, the Secured Parties shall, at the expense of the Borrower, promptly execute, deliver and file or authorize for filing such instruments as the Borrower shall reasonably request in order to reassign, release or terminate the Secured
Parties’ security interest in the Collateral. The Secured Parties acknowledge and agree that upon the sale, substitution or disposition of any Collateral by the Borrower in compliance with the terms and conditions of this Agreement, on the date
of any such sale, substitution or other disposition, the Collateral Agent, on behalf of the Secured Parties, shall automatically and without further action be deemed to and hereby does terminate and release the Secured Parties’ security
interest in such Collateral and the Secured Parties shall, at the expense of the Borrower, execute, deliver and file or authorize for filing such instrument as the Borrower shall reasonably request to reflect or evidence such termination. Any and
all actions under this Article VI in respect of the Collateral shall be without any recourse to, or representation or warranty by any Secured Party and shall be at the sole cost and expense of the Borrower. 

(b) Additional Rights and Remedies. The Collateral Agent (for itself and on behalf of the other Secured Parties), acting at the
direction of the Majority Lenders, shall have all of the rights and remedies of a secured party under the UCC and other Applicable Law. Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent or its designees
shall, at the direction of the Majority Lenders, to the extent permitted by Applicable Law (including the UCC) and notwithstanding anything in the Loan Documents to the contrary, (i) instruct the Borrower to deliver any or all of the
Collateral, the Related Contracts and any other documents relating to the Collateral to the Collateral Agent or its designees and otherwise give all instructions for the Borrower regarding the Collateral; (ii) if the Loans have been accelerated
in accordance with this Agreement, sell or otherwise dispose of the Collateral, all without judicial process or proceedings; (iii) take control of the proceeds of any such Collateral; (iv) subject to the provisions of the applicable
Related Contracts, exercise any consensual or voting rights in respect of the Collateral; (v) release, make extensions, discharges, exchanges or substitutions for, or surrender all or any part of the Collateral; (vi) enforce the
Borrower’s rights and remedies with respect to the Collateral; (vii) institute and prosecute legal and equitable proceedings to enforce collection of, or realize upon, any of the Collateral; (viii) require that the Borrower
immediately take all actions necessary to cause the liquidation of the Collateral in order to pay all amounts due and payable in respect of the Obligations, in accordance with the terms of the Related Contracts; (ix) redeem or withdraw or cause
the Borrower to redeem or withdraw any asset of the Borrower to pay amounts due and payable in respect of the Obligations; (x) subject to Section 12.16, make copies of or, if necessary, remove from the Borrower’s
and its agents’ place of business all books, records and documents relating to the Collateral; and (xi) endorse the name of the Borrower upon any items of payment relating to the Collateral or upon any proof of claim in bankruptcy against
an account debtor. The Collateral Agent shall provide written notice of any liquidation of the Collateral to the applicable Rating Agency. 

The Collateral Agent shall not be under any duty or obligation to take any affirmative action to exercise or enforce any power, right or
remedy available to it under this Agreement unless and until (and to the extent) at the express direction of the Majority Lenders; provided that the Collateral Agent shall not be required to take any such action at the direction of

  
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the Majority Lenders, any Secured Party or otherwise if the taking of such action, in the reasonable determination of the Collateral Agent, (x) shall be in violation of any Applicable Law or
contrary to any provisions of this Agreement or (y) shall expose the Collateral Agent to liability hereunder (unless it has been provided with an indemnity agreement (including the indemnity provisions contained herein and in the other Loan
Documents) which it reasonably deems to be satisfactory with respect thereto). 
 The Borrower hereby agrees that, upon the occurrence and
during the continuance of an Event of Default, at the reasonable request of the Collateral Agent (acting at the direction of the Majority Lenders or acting directly or through the Administrative Agent) or the Majority Lenders, it shall execute all
documents and agreements which are necessary or appropriate to have the Collateral assigned to the Collateral Agent or its designee. For purposes of taking the actions described in clauses (i) through (xi) of this
Section 6.3(b) the Borrower hereby irrevocably appoints the Collateral Agent as its attorney-in-fact (which appointment being coupled with an
interest and is irrevocable while any of the Obligations remain unpaid and which can be exercised only if such Event of Default is continuing), with power of substitution, in the name of the Collateral Agent or in the name of the Borrower or
otherwise, for the use and benefit of the Collateral Agent, for the benefit of the Secured Parties, but at the cost and expense of the Borrower and, except as permitted by Applicable Law, without notice to the Borrower. 

All documented sums paid or advanced by the Collateral Agent in connection with the foregoing and all documented out-of-pocket costs and expenses (including reasonable and documented attorneys’ fees and expenses) incurred in connection therewith, together with interest thereon at
the Post-Default Rate for the Loans from the date of demand of repayment by the Collateral Agent until repaid in full, shall be paid by the Borrower to the Collateral Agent from time to time on demand in
accordance with the Priority of Payments and shall constitute and become a part of the Obligations secured hereby. 
 Without the prior
written consent of the Administrative Agent, credit bidding by any Lender (or any other Person) in connection with any foreclosure sale hereunder shall not be permitted. 

Notwithstanding any other provision of this Article VI, in connection with the sale of the Collateral following an
acceleration of the Obligations, the Services Provider (or any of its Affiliates) shall have the right (which right, for avoidance of doubt, shall be irrevocably forfeited if not exercised within the specified timeframe) to bid to purchase all or
any portion of the Collateral Loans in the Collateral within fifteen Business Days of its receipt of notice of such acceleration. If such bid is for an amount at least equal to all unpaid Obligations (other than unasserted Contingent Obligations)
the Administrative Agent shall accept such bid. The Administrative Agent may, at the direction of the Majority Lenders, accept a lower bid. If the Administrative Agent accepts such bid, the Services Provider (or any of its Affiliates) shall have the
right (which right, for the avoidance of doubt, shall be irrevocably forfeited if not exercised within the specified timeframe) to purchase all or any portion of the Collateral Loans in the Collateral by paying to the Collateral Agent in immediately
available funds an amount equal to the agreed-upon bid price (which bid price shall not be less than the outstanding Obligations and, without duplication, all unpaid Administrative Expenses); provided that
such purchase shall settle within 30 days of the date such notice of bid by Services Provider is received, otherwise such 

  
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purchase shall not be permitted. Notwithstanding the foregoing purchase rights, if the Collateral Agent or the Majority Lenders, propose to sell the Collateral or any part thereof in one or more
parcels at a public or private sale, the Services Provider (or any of its Affiliates) and the Lenders shall have the right to offer bids to acquire all or any portion of the Collateral sold at such sale. To the extent the Administrative Agent (at
the direction of the Majority Lenders) elects to sell any or all Collateral Loans at such public or private sale, such Collateral Loans or any parcel thereof shall be sold to the party offering the highest bid in immediately available funds. 

(c) Remedies Cumulative. Each right, power, and remedy of the Agents and the other Secured Parties, or any of them, as provided for in
this Agreement or in the other Loan Documents or now or hereafter existing at law or in equity or by statute or otherwise shall be cumulative and concurrent and shall be in addition to every other right, power, or remedy provided for in this
Agreement or in the other Loan Documents or now or hereafter existing at law or in equity or by statute or otherwise, and the exercise or beginning of the exercise by the Agents or any other Secured Party of any one or more of such rights, powers,
or remedies shall not preclude the simultaneous or later exercise by such Persons of any or all such other rights, powers, or remedies. 

(d) Related Contracts. 

(i) The Borrower hereby agrees that, to the extent not expressly prohibited by the terms of the Related Contracts, after the
occurrence and during the continuance of an Event of Default, it shall (x) upon the written request of the Administrative Agent or the Collateral Agent, promptly forward to such Agent all information and notices which it receives under or in
connection with the Related Contracts relating to the Collateral, subject to applicable confidentiality requirements, and (y) upon the written request of the Administrative Agent or the Collateral Agent, act and refrain from acting in respect
of any request, act, decision or vote under or in connection with the Related Contracts relating to the Collateral only in accordance with the direction of such Agent; provided that if the Borrower receives conflicting requests pursuant to this
subclause (y), it shall follow whichever request is evidenced to be derived from the direction of the Majority Lenders. 

(ii) The Borrower agrees that, to the extent the same shall be in the Borrower’s possession, it will hold all Related
Contracts relating to the Collateral in trust for the Collateral Agent on behalf of the Secured Parties, and upon request of either Agent following the occurrence and during the continuance of an Event of Default or as otherwise provided herein,
promptly deliver the same to the Collateral Agent or its designee. 
 (e) Borrower Remains Liable. 

(i) Notwithstanding anything herein to the contrary, (x) the Borrower shall remain liable under the contracts and
agreements included in and relating to the Collateral (including the Related Contracts) to the extent set forth therein, and shall perform all of its duties and obligations under such contracts and agreements to the same extent as if this Agreement
had not been executed and (y) the exercise by any Secured Party of any of its rights hereunder shall not release the Borrower from any of its duties or obligations under any such contracts or agreements included in the Collateral. 

  
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 (ii) No obligation or liability of the Borrower is intended to be assumed by
either Agent or any other Secured Party under or as a result of this Agreement or the other Loan Documents, and the transactions contemplated hereby and thereby, including under any Related Contract or any other agreement or document that relates to
Collateral and, to the maximum extent permitted under provisions of law, the Agents and the other Secured Parties expressly disclaim any such assumption. 

(f) Protection of Collateral. The Borrower, or the Services Provider on behalf of and at the expense of the Borrower, shall from time
to time execute and deliver all such supplements and amendments hereto and file or authorize the filing of all such UCC-1 financing statements, continuation statements, instruments of further assurance and
other instruments, and shall take such other action as may be necessary or advisable or desirable to secure the rights and remedies of the Lenders hereunder and to: 

(i) grant security more effectively on all or any portion of the Collateral; 

(ii) maintain, preserve, protect and/or perfect any grant of security made or to be made by this Agreement including, without
limitation, the first priority nature (subject to Permitted Liens) of the lien or carry out more effectively the purposes hereof; 

(iii) perfect, publish notice of or protect the validity of any grant made or to be made by this Agreement (including, without
limitation, any and all actions necessary or desirable as a result of changes in law or regulations); 
 (iv) enforce any of
the Collateral or other instruments or property included in the Collateral (or any portion thereof); 
 (v) preserve and
defend title to the Collateral and the rights therein of the Collateral Agent and the Secured Parties in the Collateral against the claims of all Persons and parties; and 

(vi) pay or cause to be paid any and all material Taxes levied or assessed upon all or any part of the Collateral, except to
the extent such Taxes are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted; provided that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have
been made therefor. 
 The Borrower hereby authorizes the Collateral Agent as its agent and attorney in fact to prepare and file any UCC-1 financing statement (which may describe the collateral as “all assets”), continuation statement and all other instruments, and take all other actions, required pursuant to this
Section 6.3. Such authorization shall not impose upon the Collateral Agent, or release or diminish, the Borrower’s obligations under this Section 6.3. The Borrower further authorizes the
Administrative Agent’s United States counsel to file any UCC-1 or UCC-3 financing statements that may be required by the Agents in connection with this Agreement
and the transactions contemplated hereby. 

  
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 Section 6.4 Application of Proceeds. 

All proceeds received after the occurrence and during the continuation of any Event of Default will be applied to the Obligations in the
following order of priority on each date or dates fixed by the Collateral Agent (at the direction of the Majority Lenders): 
 (a)
first, to the payment of taxes, registration and filing fees then due and owing by the Borrower; second, to the payment to the Collateral Agent for all due and unpaid Collateral Agent Fees, all other Administrative Expenses owing to
the Collateral Agent and all amounts owing and payable hereunder, or under any other Loan Documents, to the Collateral Administrator, the Custodian, the Securities Intermediary and the Document Custodian (including, in each case, without limitation,
indemnity payments); and third, to the payment to the Administrative Agent for all due and unpaid Administrative Agent Fees and all other Administrative Expenses owing to the Administrative Agent (including, without limitation, indemnity
payments); 
 (b) to the payment of Administrative Expenses (other than those paid under clause (a) above), in the order of priority
set forth in the definition of “Administrative Expenses”; provided that the aggregate amount of payments under this clause (b) shall not exceed the Quarterly Cap; 

(c) to the payment of all other amounts due to the Agents hereunder; 

(d) to the payment of all amounts due to the Interest Hedge Counterparties under all Interest Hedge Agreements (exclusive of any early
termination or liquidation payment owing by the Borrower by reason of the occurrence of an event of default or termination event thereunder with respect to such Interest Hedge Counterparty where such Interest Hedge Counterparty is the sole affected
party or the defaulting party); 
 (e) if the Services Provider is not at such time an Affiliate of the Borrower, to the payment to the
Services Provider of any due and unpaid Senior Services Fees in an amount not to exceed the accrued Senior Services Fees for one Due Period; 

(f) first, to the payment to the Lenders hereunder on a pro rata basis of all amounts due which constitute principal, interest,
and Commitment Fees (excluding any interest payable at the Post-Default Rate); and second, to the payment to the Lenders on a pro rata basis of all amounts due to the Lenders which constitute
Increased Costs or interest at the Post-Default Rate, and all other amounts on and in respect of all Loans; 

(g) if the Services Provider is at such time an Affiliate of the Borrower, to the payment to the Services Provider of any due and unpaid
Senior Services Fees in an amount not to exceed the accrued Senior Services Fees for one Due Period; 
 (h) to the payment of amounts
described in clause (b) above to the extent not paid thereunder (without regard to the Quarterly Cap); 
 (i) to the payment of all
amounts due to any Interest Hedge Counterparty under all Interest Hedge Agreements to the extent not paid under clause (d) above; 

  
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 (j) after the indefeasible payment in full and in cash of all Obligations and the
termination of all Commitments, to the payment of all amounts due to the Services Provider for any due and unpaid Subordinated Services Fees; and 

(k) after the indefeasible payment in full and in cash of all Obligations and the termination of all Commitments, to the Borrower or for
payment as directed by the Borrower, including to make a distribution to the Parent. 
 If on any date that payments are made pursuant to
this Section 6.4 the amount available to be paid pursuant to any of the foregoing clauses (a) through (i) is insufficient to make the full amount of the disbursements required pursuant to any such clause, such
payments will be applied in the order and according to the priority set forth in clauses (a) through (i) above and (except as provided in subclauses “first”, “second” and “third” of clause (a) above and
subclauses “first” and “second” and “third” of clause (f) above) ratably in accordance with the respective amounts owing under any such clause to the extent funds are available therefor. 

Section 6.5 Capital Contributions. 

Upon prior written notice to the Borrower, the Administrative Agent, the Services Provider and the Collateral Agent, the Parent may, but shall
have no obligation to, at any time or from time to time make a capital contribution in Cash or Eligible Investments or an assignment and contribution of a Collateral Loan (which shall be deemed effective as of the trade date of such assignment) to
the Borrower for the purpose of (a) curing any Event of Default, (b) enabling the acquisition or sale of any Collateral Loan, (c) satisfying any Eligibility Criteria, Coverage Test, Lender Advance Rate Test, or Collateral Quality
Test, (d) paying fees and expenses incurred in connection with the structuring, consummation and closing of the transaction contemplated by this Agreement, and (e) prepaying the Revolving Loans and/or Term Loans. All Cash contributed to
the Borrower shall be treated as Principal Proceeds or Interest Proceeds, as designated by the Borrower. 
 ARTICLE VII 

THE AGENTS 

Section 7.1 Appointment and Authorization. 

Each Lender irrevocably appoints and authorizes the Agents to take such action as agent on its behalf and to exercise such powers under this
Agreement and the other Loan Documents as are delegated to such Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto. Only the Agents (and not one or more of the Lenders) shall have the authority
to deal directly with the Borrower under this Agreement and each Lender acknowledges that all notices, demands or requests from such Lender to the Borrower must be forwarded to the applicable Agent for delivery to the Borrower. Each Lender
acknowledges that the Borrower has no obligation to act or refrain from acting on instructions or demands of one or more Lenders absent written instructions from an Agent in accordance with its rights and authority hereunder. 

  
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 Section 7.2 Agents and Affiliates. 

The Agents shall each have the same rights and powers under this Agreement as the Lenders and may each exercise or refrain from exercising the
same as though it were not an Agent, and such Agents and their respective affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Affiliate of the Borrower as if it were not an Agent
hereunder, and the term “Lender” and “Lenders” may include Société Générale and/or any Affiliate of Société Générale in its individual capacity. The provisions in this
Article VII with respect to the Agents shall apply only to the Agents acting in their capacities as such hereunder and not as Lenders. 

Section 7.3 Actions by Agent. 

The obligations of the Agents hereunder are only those expressly set forth herein. No Agent shall have any duties or responsibilities, except
those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of any Agent shall be read into this Agreement or any other Loan
Document or shall otherwise exist against any Agent. The provisions of this Article VII are solely for the benefit of the Agents and the Lenders (other than Sections 7.1 and 7.8, which are
also for the benefit of the Borrower). In performing its functions and duties solely under this Agreement, each Agent shall act solely as the agent of the Lenders (except pursuant to Section 12.6(f)) and does not assume,
nor shall be deemed to have assumed, any obligation or relationship of trust with or for the Lenders. Without limiting the generality of the foregoing, no Agent shall be required to take any action with respect to any Default, except as expressly
provided in Article VI. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default and conspicuously labeled as a “notice of default” is given in
writing to the Administrative Agent by the Borrower, the Services Provider, any Lender, the Collateral Agent, the Collateral Administrator, the Custodian, the Document Custodian or any other party from time to time party hereto (other than the
Administrative Agent). 
 Section 7.4 Delegation of Duties; Consultation with Experts. 

Each Agent may execute any of its duties under this Agreement by or through its subsidiaries, affiliates, agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be responsible for the negligence or misconduct
of any agents or attorneys-in-fact selected by it with reasonable care. Each Agent may consult with legal counsel, independent public accountants and other experts
selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts. 

Section 7.5 Limitation of Liability of Agents. 

(a) No Agent nor any of its respective affiliates, directors, officers, agents or employees shall be liable for any action taken or not taken
by it in connection herewith (x) with the consent or at the request of the Majority Lenders, or (y) in the absence of its own gross negligence or willful misconduct (as determined by a court of competent jurisdiction by final and non-appealable judgment). No Agent nor any of their respective affiliates, directors, officers, 

  
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agents or employees shall be responsible for or have any duty to ascertain, inquire into or verify (i) any statement, warranty or representation made in connection with this Agreement or any
Borrowing hereunder; (ii) the performance or observance of any of the covenants or agreements of the Borrower; (iii) the satisfaction of any condition specified in Article III; or (iv) the validity,
effectiveness or genuineness of this Agreement, the other Loan Documents or any other instrument or writing furnished in connection herewith. No Agent shall incur any liability by acting in reliance upon any notice, consent, certificate, statement,
or other writing (which may be a bank wire, telex or similar writing) believed by it to be genuine or to be signed by the proper party or parties. The Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to have been made by the proper Person, and shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, that by its terms
must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received written notice to the contrary from such Lender prior to
the making of such Loan. For purposes of determining compliance with the conditions specified in Section 3.1, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the occurrence of the
Closing Date specifying its objections. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document or any other document furnished in connection herewith or therewith in
accordance with a request of the Majority Lenders (or the Administrative Agent) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders. Under no circumstances shall the Agents be deemed liable
for any special, indirect, punitive or consequential damages (including lost profits) even if such Agent has been advised of the likelihood of such damages and regardless of the form of action. 

(b) The Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Majority Lenders (or such other number or percentage of the Lenders as
shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or Applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Bankruptcy Law or that may effect a forfeiture, modification or
termination of property of a Defaulting Lender in violation of any Bankruptcy Law. 
 (c) The following additional provisions apply with
respect to the Collateral Agent: 
 (i) the Collateral Agent shall not be deemed to have notice or knowledge of the
occurrence and continuance of an Event of Default until an Administrative Officer of the Collateral Agent shall have received written notice (which notice shall refer to this Agreement and state that such notice is a notice of Default) thereof from
the Borrower, the Services Provider, the Administrative Agent, a Lender or any other Person; 

  
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 (ii) no provision of this Agreement or the other Loan Documents shall
require the Collateral Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers contemplated hereunder, if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it; provided, however, that the reasonable and documented costs of performing its ordinary
services under this Agreement shall not be deemed a “financial liability” for purposes hereof; 
 (iii) if, in
performing its duties under this Agreement, the Collateral Agent is required to decide between alternative courses of action, the Collateral Agent may request written instructions from the Administrative Agent (and the Administrative Agent shall
request written instructions from the Majority Lenders) as to the course of action desired. If the Collateral Agent does not receive such instructions within five Business Days after its request therefor, the Collateral Agent may, but shall be under
no duty to, take or refrain from taking any such courses of action. The Collateral Agent shall act in accordance with instructions received after such five Business Day period except to the extent it has already taken, or committed itself to take,
action inconsistent with such instructions; 
 (iv) the Collateral Agent shall be under no liability for interest on any
funds received by it hereunder except to the extent of income or other gain on Eligible Investments which are deposits in or certificates of deposit of State Street Bank and Trust Company or any Affiliate in its commercial capacity and income or
other gain actually received (and not subsequently reinvested, withdrawn or distributed) by the Collateral Agent in Eligible Investments; 

(v) the Collateral Agent shall not be liable or responsible for delays or failures in the performance of its obligations
hereunder arising out of or caused, directly or indirectly, by circumstances beyond its control (such acts include but are not limited to acts of God, strikes, lockouts, riots, acts of war and interruptions, losses or malfunctions of utilities,
computer (hardware or software) or communications services); it being understood that the Collateral Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon
as reasonably practicable under the circumstances; and 
 (vi) without prejudice to the Collateral Agent’s duties under
Article VI or any other provision of any Loan Document, the Collateral Agent shall be under no obligation to take any action to collect from any Obligor any amount payable by such Obligor on the Collateral Loans or any
other Collateral under any circumstances, including if payment is refused after due demand. 
 (d) No Agent shall have any duties or
responsibilities except such duties and responsibilities as are specifically set forth in this Agreement, and no covenants or obligations shall be implied in this Agreement or the other Loan Documents against any such Person. No Agent shall be
responsible for delays or failures in performance resulting from acts beyond its control. Such acts shall include but shall not be limited to acts of god, strikes, lockouts, riots, acts of war, epidemics, governmental regulations superimposed after
the fact, fire, communication line failures, power failures, earthquakes or other disasters. 

  
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 (e) In no event shall the Collateral Agent be liable for the selection of any investments or
any losses in connection therewith, or for any failure of the Borrower to timely provide investment instruction to the Collateral Agent in connection with the investment of funds in or from any account set forth herein. Except as otherwise provided
in Section 8.2(c) or Section 8.3, in the absence of a Borrower Order or, after an Event of Default, a direction from the Administrative Agent, all funds in any account held under this Agreement
shall be held uninvested. Nothing in this Agreement shall be deemed to release the Collateral Agent in its individual capacity from any liability it may have as an obligor under any Eligible Investment. 

(f) The Collateral Agent, and in the event that the Collateral Agent is also acting in the capacity of Custodian, Collateral Administrator,
paying agent or securities intermediary hereunder or under the other Loan Documents, then in such other capacities, as well, shall be entitled to compensation from the Borrower in an amount separately agreed upon by the Borrower (or the Services
Provider on its behalf) and the Collateral Agent. The Collateral Agent and its Affiliates also shall be permitted to receive additional compensation that could be deemed to be in the Collateral Agent’s economic
self-interest for (i) serving as investment adviser, administrator, shareholder, servicing agent, custodian or sub-custodian with respect to certain of the Eligible
Investments, (ii) using Affiliates to effect transactions in certain Eligible Investments and (iii) effecting transactions in certain investments. Such compensation shall not be considered an amount that is reimbursable or payable pursuant
to this Agreement. 
 (g) Without limiting the generality of any terms of this Section 7.5, the Collateral Agent
shall have no liability for any failure, inability or unwillingness on the part of the Lenders, the Administrative Agent, the Services Provider or the Borrower to provide accurate and complete information on a timely basis to the Collateral Agent,
or otherwise on the part of any such party to comply with the terms of this Agreement or the other Loan Documents, and shall have no liability for any inaccuracy or error in the performance or observance on the Collateral Agent’s part of any of
its duties hereunder that is caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof. 

(h) The Collateral Agent shall not be under any obligation to (i) confirm or verify whether the conditions to the delivery of Collateral
have been satisfied or to determine whether (A) a loan is a Collateral Loan or meets the criteria in the definition thereof or is otherwise eligible for purchase hereunder, (B) an investment is an Eligible Investment or meets the criteria
in the definition thereof or is otherwise eligible for purchase hereunder or (ii) evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower in connection with the grant by the Borrower to the
Collateral Agent of any item constituting the Collateral or otherwise, or in that regard to examine any underlying documents, in order to determine compliance with the applicable requirements of and restrictions on transfer of a Collateral Loan or
Eligible Investment. 
  

  
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 (i) In order to comply with Applicable Law, including the laws, rules, regulations and
executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, the Collateral Agent is required to obtain, verify and record certain information
relating to individuals and entities which maintain a business relationship with the Collateral Agent. Accordingly, each of the parties agrees to provide to the Collateral Agent upon its request from time to time such identifying information and
documentation as may be available for such party in order to enable the Collateral Agent to comply with Applicable Law. The Collateral Agent may from time to time establish any additional accounts deemed necessary or desirable for convenience in
administering the Collateral so long as each such account is at all times subject to a valid and perfected first priority lien in favor of the Collateral Agent, for the benefit of the Secured Parties. 

(j) The Collateral Agent shall not be under any obligation to exercise any of the rights or powers vested in it by this Agreement or any other
Loan Document at the request or direction of the Majority Lenders or the Administrative Agent, unless it shall have been provided indemnity reasonably satisfactory to it against the costs, expenses (including the reasonable fees and expenses of its
attorneys and counsel), and liabilities which may be incurred by it in compliance with or in performing such request or direction. No provision of this Agreement or any Loan Document shall otherwise be construed to require the Collateral Agent to
expend or risk its own funds or to take any action that could in its judgment cause it to incur any cost, expenses or liability unless it is provided an indemnity reasonably acceptable to it against any such expenditure, risk, costs, expense or
liability. For the avoidance of doubt, the Collateral Agent shall not have any duty or obligation to take any affirmative action to exercise or enforce any power, right or remedy available to it under this Agreement or any other Loan Document unless
and until directed by the Majority Lenders (or the Administrative Agent on their behalf). 
 (k) The Collateral Agent shall not be bound to
make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, entitlement order, approval or other paper or document. The Collateral Agent shall not be
liable for any error of judgment, or for any act done or step taken or omitted by it, in good faith, or for any mistakes of fact or law, or for anything that it may do or refrain from doing in connection herewith except in the case of its willful
misconduct, bad faith, reckless disregard or grossly negligent performance or omission of its duties. The Collateral Agent may consult with legal counsel (including, without limitation, counsel for the Borrower or the Administrative Agent or any of
their Affiliates) and independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. The
Collateral Agent shall not be liable for the actions of omissions of the Administrative Agent (including without limitation concerning the application of funds), or under any duty to monitor or investigate compliance on the part of the
Administrative Agent with the terms or requirements of this Agreement, any Loan Document or any related document, or their duties thereunder. The Collateral Agent shall be entitled to assume the due authority of any signatory and genuineness of any
signature appearing on any instrument or document it may receive hereunder. 
 (l) The delivery of reports, and other documents and
information to the Collateral Agent hereunder or under any other Loan Document is for informational purposes only and the Collateral Agent’s receipt of such documents and information shall not constitute constructive notice of any information
contained therein or determinable from information contained therein. The Collateral Agent is hereby authorized and directed to execute and deliver the other Loan Documents to which it is a party. Whether or not expressly stated in such Loan
Documents, in performing (or refraining from acting) thereunder, the Collateral Agent shall have all of the rights, benefits, protections and indemnities which are afforded to it in this Agreement. 

  
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 (m) Except as expressly provided herein or in any other Loan Document, nothing herein shall
be construed to impose an obligation on the part of the Collateral Agent to recalculate, evaluate or verify any report, certificate or information received by it from the Borrower, Services Provider, Lender or Administrative Agent or to otherwise
monitor the activities of the Borrower or Services Provider. 
 (n) In the event that the Collateral Agent is also acting in the capacity of
Custodian, Collateral Agent, paying agent or securities intermediary hereunder or under the other Loan Documents, the rights, protections, immunities and indemnities afforded the Collateral Agent pursuant to this
Article VII shall also be afforded to the Collateral Agent, individually acting in such other capacities. 
 (o)
The Collateral Agent shall not be charged with knowledge or notice of any matter unless actually known to an Administrative Officer of the Collateral Agent responsible for the administration of this Agreement, or unless and to the extent written
notice of such matter is received by the Collateral Agent at its address in accordance with Section 12.1. 

Section 7.6 Indemnification. 

Each Lender, ratably in accordance with its Percentage Share, shall indemnify each of the Agents, their respective affiliates, directors,
officers, agents and employees (to the extent not reimbursed by the Borrower as may be required under this Agreement) against any cost, expense (including fees of counsel and disbursements), claim, demand, action, loss or liability (except such as
result from such indemnitees’ own gross negligence, fraud, reckless disregard, bad faith, criminal conduct or willful misconduct) that such indemnitee may suffer or incur in connection with this Agreement, the other Loan Documents or any action
taken or omitted by such indemnitee hereunder or thereunder. The provisions of this Section 7.6 shall survive the resignation or replacement of the Agents. 

Section 7.7 Credit Decision 

Each Lender acknowledges that it has, independently and without reliance upon any Agent or any other Lender or any of their respective
affiliates, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon any
Agent, any other Lender or their respective affiliates, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking any action under this Agreement or in
connection therewith. The Agents shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, prospects, financial and other condition or creditworthiness of the
Borrower which may come into the possession of the Agents or any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates other than
in connection with their acting as Agents under this Agreement and the other Loan Documents. 

  
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 Section 7.8 Successor Agent. 

(a) Any Agent may resign at any time by giving at least 30 days’ prior written notice thereof to the Lenders, the Borrower, the Services
Provider and the applicable Rating Agency; provided that any such resignation by any Agent shall not be effective until a successor agent shall have been appointed and approved in accordance with this Section 7.8.
Upon receipt of any such notice, the Majority Lenders shall have the right to appoint a successor Agent with the consent of the Borrower (which consent shall not be unreasonably withheld or delayed). If no successor Agent shall have been so
appointed by the Majority Lenders, shall have been approved by the Borrower, and shall have accepted such appointment, within 30 days after the retiring Agent gives notice of its resignation (or such earlier day as shall be agreed by the Majority
Lenders), then the retiring Agent may (but shall not be obligated to), on behalf of the Lenders, designate a successor Agent, which such successor Agent shall be a commercial bank or a trust company organized or licensed under the laws of the United
States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000. Upon the acceptance of its appointment as such Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and
become vested with all the rights and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations hereunder, and the successor Agent shall provide written notice of such appointment to the Lenders, the
Services Provider and the applicable Rating Agency. Notwithstanding anything in this Section 7.8(a) to the contrary, this Section 7.8(a) shall not apply to the resignation of the Administrative
Agent, which shall be governed by the terms of Section 7.8(b) of this Agreement. 
 (b) The Administrative Agent
may resign at any time by giving at least 30 days’ prior written notice thereof to the Lenders, the Borrower, the Services Provider and the applicable Rating Agency and upon such resignation, Majority Lenders (with the consent of the Borrower)
will reasonably promptly designate a successor Administrative Agent. If no such successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives
notice of its resignation, then such resignation shall nonetheless become effective in accordance with such notice and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents, and
the Majority Lenders (or their designee) shall perform the duties of the Administrative Agent hereunder until such time, if any, as the Majority Lenders appoint a successor Administrative Agent. Any such successor Administrative Agent shall succeed
to and become vested with all the rights and duties of the retiring Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder, and the successor Administrative Agent shall provide
written notice of such appointment to each other Agent, the Lenders, the Services Provider and the applicable Rating Agency. 
 (c) After
any retiring Agent’s resignation hereunder as Agent, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Agent. With respect to any Person
(i) into which an Agent or may be merged or consolidated, (ii) that may result from any merger or consolidation to which an Agent shall be a party or (iii) with respect to the Agents (other than the Administrative Agent) that may
succeed to the corporate trust business and assets of any of such Agents substantially as a whole, shall be the successor to such Agent under this Agreement without further act of any of the parties to this Agreement. Notwithstanding anything in
this Section 7.8 to the contrary, this Section 7.8 shall not apply to the resignation or removal of the Document Custodian, which shall be governed by the terms of
Section 14.9 of this Agreement. 

  
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 Section 7.9 Erroneous Payments. 

(a) Each Lender hereby agrees that (i) if the Administrative Agent, the Collateral Administrator or the Collateral Agent notifies such
Lender that the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable, has determined in its sole discretion that any funds received by such Lender from a Secured Party or any of its respective Affiliates (a
“Payment Recipient”) were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Lender (whether or not known to such Lender) (whether as a payment, prepayment or repayment of principal, interest, fees
or otherwise; individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such Lender shall promptly, but in no event later than two Business Days thereafter,
return to the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable, the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so
received), together with interest thereon in respect of each day from and including the date that is two Business Days after the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable, has demanded the return of
such Erroneous Payment (or portion thereof) to the date such amount is repaid to the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable, in same day funds at the greater of the Federal Funds Rate and a rate
determined by the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable, in accordance with banking industry rules on interbank compensation from time to time in effect and (ii) to the extent permitted by
applicable law, such Lender shall not assert any right or claim to the Erroneous Payment, and hereby waives, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim
or counterclaim by the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable, for the return of any Erroneous Payments received, including without limitation waiver of any defense based on “discharge for
value” or any similar doctrine. A notice of the Administrative Agent, the Collateral Administrator or the Collateral Agent to any Lender under this clause (a) shall be conclusive, absent manifest error. 

(b) Without limiting immediately preceding clause (a), each Lender hereby further agrees that if it receives an Erroneous Payment from the
Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable (or any of their respective Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by
the Administrative Agent, the Collateral Administrator or the Collateral Agent, as applicable (or any of their respective Affiliates) with respect to such Erroneous Payment (an “Erroneous Payment Notice”), (y) that was not preceded
or accompanied by an Erroneous Payment Notice, or (z) that such Lender otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part), in each case, (i) (A) in the case of immediately preceding clauses
(x) or (y), an error shall be presumed to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with
respect to such payment, prepayment or repayment; and (ii) such Lender, or the Administrative Agent, the Collateral Administrator or the Collateral Agent shall (and shall cause any other recipient that receives funds

  
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on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent, the Collateral Agent or the Collateral
Administrator of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent, the Collateral Agent or the Collateral Administrator pursuant to this
Section 7.9(b). 
 (c) Each Lender and Secured Party hereby authorizes the Administrative Agent, the Collateral
Agent or the Collateral Administrator to set off, net and apply any and all amounts at any time owing to such Lender or Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative Agent, the Collateral Agent or
the Collateral Administrator to such Lender or Secured Party from any source under or in connection with the Loan Documents, against any amount due to the Administrative Agent, the Collateral Agent or the Collateral Administrator under immediately
preceding clause (a) or under the indemnification provisions of this Agreement. 
 (d) In the event that an Erroneous Payment (or
portion thereof) is not recovered by the Administrative Agent, the Collateral Agent or the Collateral Administrator for any reason, after demand therefor by the Administrative Agent, the Collateral Agent or the Collateral Administrator in accordance
with immediately preceding clause (a), from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such
unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s, the Collateral Agent’s or the Collateral Administrator’s notice to such Lender at any time, (i) such Lender shall be
deemed to have assigned its Loans (but not its Commitments) of the relevant class with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment Return
Deficiency (or such lesser amount as the Administrative Agent, the Collateral Administrator or the Collateral Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous
Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent, the Collateral Administrator or the Collateral Agent in such instance), and is hereby (together
with the Borrower) deemed to execute and deliver an Assignment and Assumption with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such Loans to the Borrower or the Administrative Agent,
(ii) the Administrative Agent, the Collateral Administrator or the Collateral Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative
Agent, the Collateral Administrator or the Collateral Agent as the assignee Lender shall become a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender hereunder with
respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender and
(iv) the Administrative Agent, the Collateral Administrator or the Collateral Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. Subject to
Section 12.6, the Administrative Agent, the Collateral Administrator or the Collateral Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the
proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be 

  
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reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent, the Collateral Administrator or the Collateral Agent shall retain all other rights,
remedies and claims against such Lender (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such
Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the Administrative Agent, the Collateral Administrator or the Collateral Agent has sold a Loan
(or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent, the Collateral Administrator or the Collateral Agent may be equitably subrogated, the Administrative Agent,
the Collateral Administrator or the Collateral Agent shall be contractually subrogated to all the rights and interests of the applicable Lender or Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the
“Erroneous Payment Subrogation Rights”). 
 (e) The parties hereto agree that an Erroneous Payment shall not pay, prepay,
repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds
received by the Administrative Agent, the Collateral Administrator or Collateral Agent from the Borrower or any other party for the purpose of making a payment in respect of the Obligations, in which case such payment shall discharge and otherwise
satisfy the applicable obligation of the Borrower being so paid, prepaid or repaid in accordance with the terms of this Agreement. Notwithstanding anything to the contrary herein, in connection with any Erroneous Payment (including in connection
with any subrogation related thereto), under no circumstances shall the Collateral Administrator or the Collateral Agent be deemed a lender-of-record. 

(f) To the extent permitted by Applicable Law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby
waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent, the Collateral Administrator or
the Collateral Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine. 

(g) Each party’s obligations under this Section 7.9 shall survive the resignation or replacement of the
Administrative Agent, the Collateral Administrator or the Collateral Agent, the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document. 

Section 7.10 Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the
Borrower, that at least one of the following is and will be true: 

  
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 (i) such Lender is not using “plan assets” (within the meaning of
29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Commitments or this Agreement, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a
class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions
involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Commitments
and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through
(g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) clause (a)(i) above is true with respect to a Lender or (2) a
Lender has provided another representation, warranty and covenant as provided in clause (a)(iv) above, such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the
Borrower, that none of the Administrative Agent or any of its Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Commitments, and this Agreement (including in connection with the reservation or exercise of
any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

  
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 ARTICLE VIII 

ACCOUNTS AND COLLATERAL 

Section 8.1 Collection of Money. 

(a) Except as otherwise expressly provided herein, the Collateral Agent may demand payment or delivery of, and shall receive and collect,
directly and without intervention or assistance of any fiscal agent or other intermediary, all Money and other property payable to or receivable by the Collateral Agent pursuant to this Agreement (other than amounts specifically required herein to
be paid to the Administrative Agent), including, but not limited to, all payments or any other amounts due on the Collateral Loans and Eligible Investments, in accordance with the terms and conditions of such Collateral Loans and Eligible
Investments. The Collateral Agent shall segregate and hold all such Money and property received by it in trust for the Lenders and shall apply it as provided in this Agreement. 

(b) All payments on the Collateral Loans and other Collateral shall be made directly to the Collateral Agent (at a bank in the United States),
will be held in the Collection Account, and will be divided into Interest Proceeds (including Fee Proceeds) and Principal Proceeds. Such amounts shall be applied in accordance with the Priority of Payments and the terms of this Agreement. 

(c) The Borrower (or the Services Provider on behalf of the Borrower) will provide the Collateral Agent with a copy of each agreement under
which the Borrower sells any interest in a Collateral Loan pursuant to Section 10.1. Upon receipt of written certification by the Borrower or the Services Provider (which may take the form of standing instructions with
respect to a specified portion of all payments received on designated Collateral Loans) to the effect that specified amounts received by the Collateral Agent from an Obligor do not constitute Collections subject to this Agreement but are required by
the terms of such a participation or assignment agreement to be paid by the Borrower to the purchaser of a participation interest sold by the Borrower or assignee of the Borrower, as the case may be, the Collateral Agent will disburse such amounts,
as directed in such certificate. The Collateral Agent shall make such disbursements in accordance with such directions and shall have no obligation to monitor or verify the terms of any such arrangement. 

(d) The Custodian hereby agrees, with the Collateral Agent that (i) each of the Covered Accounts shall be a securities account or deposit
account of the Borrower subject to the Lien of the Collateral Agent, (ii) all property (other than cash or general intangibles) credited to the Covered Accounts shall be treated as a “financial asset” for purposes of the UCC and all
cash that is credited to Covered Accounts shall be credited to accounts that are deposit accounts, (iii) the Custodian shall treat the Collateral Agent as entitled to exercise the rights that comprise each financial asset credited to the
Covered Accounts subject to the rights of the Borrower specified herein, (iv) the Custodian shall not agree with any person or entity other than the Collateral Agent to comply with entitlement orders originated by any person or entity other
than the Collateral Agent or the Borrower (or the Services Provider on behalf of the Borrower) as provided herein, (v) the Covered Accounts and all property credited to the Covered Accounts shall not be subject to any lien, security interest,
right of set-off, or encumbrance in favor of the Custodian or any person or entity claiming through the Custodian (other than the Collateral Agent) except for the right to debit for any item returned by reason
of non-sufficient funds and other Permitted Liens, (vi) regardless of any provision in any other agreement, for purposes of the UCC and for purposes of the Convention on the Law Applicable to Certain
Rights in Respect of Securities Held with an intermediary (the “Hague Convention”), with respect to each Covered Account, New York shall be deemed to be the Custodian’s jurisdiction (within the meaning of Section 9-304 of the UCC) and the securities intermediary’s jurisdiction (within the meaning of Section 8-110 of the UCC) and New York shall govern the issues
specified in Article 2(1) of the Hague Convention and 

  
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(vii) any agreement between the Custodian and the Collateral Agent with respect to the Covered Accounts shall be governed by the laws of the State of New York. Notwithstanding any term
hereof or elsewhere to the contrary, it is hereby expressly acknowledged that (a) interests in bank loans or participations (collectively, “Loan Assets”) may be acquired and delivered by the Borrower to the Securities
Intermediary from time to time which are not evidenced by, or accompanied by delivery of, a security (as that term is defined in UCC Section 8-102) or an instrument (as that term is defined in Section 9-102(a)(47) of the UCC), and may be evidenced solely by delivery to the Document Custodian (with a copy to the Securities Intermediary) of a facsimile copy of an assignment agreement (“Loan
Assignment Agreement”) in favor of the Borrower as assignee, (b) any such Loan Assignment Agreement (and the registration of the related Loan Assets on the books and records of the applicable obligor or bank agent) shall be registered
in the name of the Borrower and (c) any duty on the part of the Document Custodian with respect to such Loan Asset (including in respect of any duty it might otherwise have to maintain a sufficient quantity of such Loan Asset for purposes of
UCC Section 8-504) shall be limited to the exercise of reasonable care by the Document Custodian in the physical custody of any such Loan Assignment Agreement that may be delivered to it; provided that
the Document Custodian shall maintain such Loan Assignment Agreements as required by this Agreement. It is acknowledged and agreed that neither the Document Custodian nor the Securities Intermediary is under a duty to examine underlying credit
agreements or loan documents to determine the validity or sufficiency of any Loan Assignment Agreement (and shall have no responsibility for the genuineness or completeness thereof), or for the Borrower’s title to any related Loan Asset. 

Section 8.2 Collection Account. 

(a) The Collateral Agent shall, on or prior to the Closing Date, establish a single, segregated
non-interest bearing trust account in the name “Athena Funding I LLC Collection Account, subject to the lien of State Street Bank and Trust Company, as Collateral Agent for the benefit of the Secured
Parties”, which shall be designated as the “Collection Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement. Such account shall be held in trust for the benefit of the
Secured Parties and the Collateral Agent shall have exclusive control over such account, subject to the Borrower’s right to give instructions specified herein, and the sole right of withdrawal, into which the Collateral Agent shall from time to
time deposit (i) any amount received under any Interest Hedge Agreement, (ii) all proceeds received from the disposition of any Collateral (unless, during the Reinvestment Period, simultaneously reinvested in Collateral Loans, subject to
Article X, or in Eligible Investments or to prepay the Loans in accordance with Section 2.7) and (iii) all Interest Proceeds (including all Fee Proceeds) and all Principal Proceeds. All monies
deposited from time to time in the Collection Account pursuant to this Agreement shall be held by the Collateral Agent as part of the Collateral and shall be applied for the purposes herein provided. The Collection Account shall remain at all times
with an Eligible Account Bank. In the event that the account bank at which the Collection Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Collection Account gives notice that it is terminating the
Account Control Agreement, then Borrower shall, within 60 days of such occurrence, move the Collection Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement. The only permitted withdrawal from or
application of funds on deposit in, or otherwise to the credit of, the Collection Account shall be in accordance with the provisions of Sections 6.4, 8.2 and 9.1 or to effect a Permitted Distribution or a
Permitted Parent Distribution in accordance 

  
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with the terms of this Agreement. Notwithstanding the foregoing, the Collateral Agent is hereby authorized to establish one or more subaccounts of the Collection Account, one of which shall be
designated the “Interest Collection Account” and the other the “Principal Collection Account” and which together will comprise the “Collection Account” for all purposes of this Agreement and the Account Control
Agreement. 
 (b) All Distributions and any net proceeds from the sale or disposition of Pledged Collateral or any Interest Hedge Agreement
or other collateral received by the Collateral Agent shall, subject to the parenthetical in Section 8.2(a)(ii), be immediately deposited into the Collection Account. Subject to Sections 8.2(d) and
8.2(e), all such property, together with any investments in which funds included in such property are or will be invested or reinvested during the term of this Agreement, and any income or other gain realized from such investments, shall be
held by the Collateral Agent in the Collection Account as part of the Collateral subject to disbursement and withdrawal as provided in this Section 8.2. (i) So long as no Event of Default has occurred and is
continuing, by Borrower Order (which may be in the form of standing instructions), the Borrower (or the Services Provider on behalf of the Borrower) shall and (ii) after the occurrence and during the continuation of an Event of Default, the
Administrative Agent (at the direction of the Majority Lenders) shall direct the Collateral Agent to, and, upon receipt of such Borrower Order or direction, as applicable, the Collateral Agent shall, invest all funds received into the Collection
Account during a Due Period, and amounts received in prior Due Periods and retained in the Collection Account, as so directed in Eligible Investments having stated maturities no later than the second Business Day immediately preceding the next
Quarterly Payment Date. The Borrower, the Services Provider on behalf of the Borrower and the Administrative Agent each agrees that it shall not knowingly give any instruction to invest such funds other than in accordance with, or subject to an
exemption from, the EU Retention Requirements. So long as no Event of Default has occurred and is continuing, the Collateral Agent, within one Business Day after receipt of any Distribution or other proceeds which are not Cash, shall so notify the
Borrower and the Borrower shall, within six months of receipt of such notice from the Collateral Agent, sell such Distribution or other proceeds for Cash (at a price equal to fair market value as reasonably determined by the Borrower, or the
Services Provider in accordance with the Servicing Standard) to any Person (including an Affiliate of the Borrower) and deposit the proceeds thereof in the Collection Account for investment pursuant to this Section 8.2;
provided that the Borrower need not sell such Distributions or other proceeds if it delivers a certificate of an Authorized Officer to the Administrative Agent certifying that such Distributions or other proceeds constitute Collateral Loans
or Eligible Investments or securities subject to transfer restrictions that do not permit such sale. 
 (c) So long as no Event of Default
has occurred and is continuing, if the Borrower shall not have given any investment directions pursuant to Section 8.2(b), the Collateral Agent shall seek instructions from the Borrower within one Business Day after
transfer of such funds to the Collection Account. If the Collateral Agent does not thereupon receive written instructions from the Borrower within five Business Days after transfer of such funds to the Collection Account, the Collateral Agent shall
again seek instructions from the Borrower. If the Collateral Agent does not receive written instructions from the Borrower within five Business Days after such second request, it shall invest and reinvest the funds held in the Collection Account, as
fully practicable, in Eligible Investments. The Borrower agrees that it shall not knowingly give any instruction to invest such funds other than in accordance with, or subject to an 

  
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exemption from, the EU Retention Requirements. After the occurrence and during the continuation of an Event of Default, if the Administrative Agent (at the direction of the Majority Lenders)
shall not have given investment directions to the Collateral Agent pursuant to Section 8.2(b) for three consecutive days, the Collateral Agent shall seek instructions from the Administrative Agent. The Administrative Agent
agrees that it shall not give any instruction to invest such funds other than in accordance with, or subject to an exemption from, the EU Retention Requirements. All interest and other income from such investments shall be deposited in the
Collection Account, any gain realized from such investments shall be credited to the Collection Account, and any loss resulting from such investments shall be charged to the Collection Account. 

(d) The Borrower (or the Services Provider on behalf of the Borrower) shall by Borrower Order direct the Collateral Agent to, and upon receipt
of such Borrower Order the Collateral Agent shall, transfer Principal Proceeds to the Future Funding Reserve Account on any Business Day on which amounts standing to the credit of the Future Funding Reserve Account do not equal or exceed the
Required Amount. 
 (e) During the Reinvestment Period, the Borrower (or the Services Provider on behalf of the Borrower) may by Borrower
Order direct the Collateral Agent to, and upon receipt of such Borrower Order the Collateral Agent shall, (i) withdraw funds on deposit in the Collection Account representing Principal Proceeds and reinvest such funds in Collateral Loans as
permitted under and in accordance with the requirements of Article X and such Borrower Order and (ii) apply Principal Proceeds to make a prepayment of the Loans in accordance with Section 2.7.

 (f) After the Reinvestment Period, the Borrower (or the Services Provider on behalf of the Borrower) may by Borrower Order direct the
Collateral Agent to, and upon receipt of such Borrower Order the Collateral Agent shall apply Principal Proceeds received by the Borrower (before or after the end of the Reinvestment Period) towards (A) the purchase of Collateral Loans or
(B) the payment or funding of Unfunded Amounts, in each case pursuant to commitments entered into by the Borrower prior to the end of the Reinvestment Period. 

(g) By Borrower Order, the Borrower (or the Services Provider on behalf of the Borrower) may at any time direct the Collateral Agent to, and,
upon receipt of such Borrower Order, the Collateral Agent shall, pay from time to time on dates other than Quarterly Payment Dates from Interest Proceeds on deposit in the Collection Account, Administrative Expenses (which shall be payable in the
order specified in the definition thereof); provided that the aggregate amount of Administrative Expenses paid in any Due Period (excluding Administrative Expenses paid on Quarterly Payment Dates pursuant to the Priority of Payments) shall
not exceed the Retained Expense Amount determined on the immediately prior Quarterly Payment Date plus, without duplication, the Quarterly Cap applicable on the next Quarterly Payment Date. 

(h) The Collateral Agent shall transfer to the Payment Account for application pursuant to Section 9.1(a), on or
about the Business Day (but in no event more than two Business Days) prior to each Quarterly Payment Date, any amounts then held in the Collection Account other than proceeds received after the end of the Due Period with respect to such Quarterly
Payment Date. 

  
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 (i) The Collateral Agent may from time to time establish any additional accounts and/or
subaccounts, which in each case shall be subject to the lien of the Collateral Agent for the benefit of the Secured Parties, deemed necessary by the Collateral Agent for convenience in administering the Collateral. 

(j) The Collateral Agent agrees to give the Borrower, the Services Provider, the Lenders prompt notice if an Administrative Officer of the
Collateral Agent obtains actual knowledge of or receives written notice that the Collection Account or any funds on deposit therein, or otherwise to the credit of the Collection Account, shall become subject to any writ, order, judgment, warrant of
attachment, execution or similar process. 
 (k) At any time and from time to time the Borrower, or the Services Provider on the
Borrower’s behalf, may deposit into the Collection Account funds not previously subject to the Lien of the Collateral Agent (for the benefit of the Secured Parties) granted under this Agreement; provided that (i) the requirements of
Section 6.5 are complied with, if applicable, and (ii) upon such deposit into the Collection Account, such funds shall automatically be subject to the Lien of the Collateral Agent (for the benefit of the Secured
Parties) granted under this Agreement. Any such deposit shall be irrevocable. The Borrower shall notify the Agents in writing of any such deposit prior to or contemporaneously therewith. 

Section 8.3 Payment Account; Future Funding Reserve Account; Interest Reserve Account; Closing Expense Account.

 (a) Payment Account. The Collateral Agent shall, on or prior to the Closing Date, establish a single, segregated non-interest bearing trust account in the name “Athena Funding I LLC Payment Account, subject to the lien of State Street Bank and Trust Company, as Collateral Agent for the benefit of the Secured
Parties”, which shall be designated as the “Payment Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement. Such account shall be held in trust for the benefit of the
Secured Parties and the Collateral Agent shall have exclusive control over such account, subject to the Borrower’s right to give instructions specified herein, and the sole right of withdrawal. Any and all funds at any time on deposit in, or
otherwise to the credit of, the Payment Account shall be held in trust by the Collateral Agent for the benefit of the Secured Parties. Except as provided in Sections 6.4 and 9.1, the only permitted withdrawal from or
application of funds on deposit in, or otherwise to the credit of, the Payment Account shall be to pay the interest on and the principal of the Loans in accordance with their terms and the provisions of this Agreement and, upon Borrower Order or in
accordance with the Payment Date Report, to pay fees, Administrative Agent Fees, Collateral Agent Fees, Collateral Administrator Fees, Document Custodian Fee, Administrative Expenses, Increased Costs and other amounts specified therein, each in
accordance with (and subject to the limitations contained in) the Priority of Payments. The Collateral Agent agrees to give the Borrower, the Services Provider and the Lenders immediate notice if an Administrative Officer of the Collateral Agent
obtains actual knowledge of or receives written notice that the Payment Account or any funds on deposit therein, or otherwise to the credit of the Payment Account, shall become subject to any writ, order, judgment, warrant of attachment, execution
or similar process. The Borrower shall not have any legal, equitable or beneficial interest in the Payment Account other than in accordance with the Priority of Payments. The Payment Account shall remain at all times with an Eligible Account Bank,
and the amounts therein shall remain uninvested. In the event that the 

  
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account bank at which the Payment Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Payment Account gives notice that it is terminating the
Account Control Agreement, then Borrower shall, within 60 days of such occurrence, move the Payment Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement. 

(b) Future Funding Reserve Account. The Collateral Agent shall, on or prior to the Closing Date, establish a single, segregated non-interest bearing trust account in the name “Athena Funding I LLC Future Funding Reserve Account, subject to the lien of State Street Bank and Trust Company, as Collateral Agent for the benefit of the
Secured Parties”, which shall be designated as the “Future Funding Reserve Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement. Such account shall be held in trust for
the benefit of the Secured Parties. On the date of any acquisition by the Borrower of any Revolving Collateral Loan or Delayed Funding Loan (including by way of contribution or substitution), the Borrower (or the Services Provider on behalf of the
Borrower) shall by Borrower Order direct the Collateral Agent to, and upon receipt of such Borrower Order the Collateral Agent shall, transfer Principal Proceeds to the Future Funding Reserve Account in an amount equal to the Exposure Amount in
respect of such Revolving Collateral Loan or Delayed Funding Loan. The Collateral Agent shall maintain on deposit in the Future Funding Reserve Account an amount equal to (i) the aggregate Exposure Amount plus (ii) the excess, if any, of
the aggregate Unsettled Amount as of such date (as identified by the Borrower, or the Services Provider on behalf of the Borrower) over the sum of (x) amounts on deposit in the Collection Account, including Eligible Investments credited
thereto, representing Principal Proceeds and (y) if such date is prior to the end of the Commitment Period, the Undrawn Commitment as of such date (the “Required Amount”), in accordance with Articles VIII and IX. The Borrower
(or the Services Provider on behalf of the Borrower) shall by Borrower Order direct the Collateral Agent to, and upon receipt of such Borrower Order the Collateral Agent shall, transfer Principal Proceeds to the Future Funding Reserve Account on any
Business Day on which amounts standing to the credit of the Future Funding Reserve Account do not equal or exceed the Required Amount. By Borrower Order (which may be in the form of standing instructions), the Borrower (or the Services Provider on
behalf of the Borrower) may, so long as no Event of Default has occurred and is continuing, direct the Collateral Agent to, and, upon receipt of such Borrower Order, the Collateral Agent shall, invest all funds received into the Future Funding
Reserve Account as so directed solely in overnight funds that are Eligible Investments. Except as provided in Sections 6.4 and 9.1, the only permitted withdrawals from or applications of funds on deposit in, or
otherwise to the credit of, the Future Funding Reserve Account shall, at the direction of the Borrower (or the Services Provider on behalf of the Borrower) be (i) to fund or pay Unfunded Amounts, (ii) at the election of the Borrower during
the Reinvestment Period, to be applied as Principal Proceeds for use as is provided in this Agreement (including, without limitation, as provided in Section 9.1(a)(ii)) and (iii) after the Reinvestment Period, to the
extent of any Excess Reserve Amount, to be applied as Principal Proceeds in accordance with Section 9.1(a)(ii). Notwithstanding the foregoing, the amount of all funds on deposit in the Future Funding Reserve Account on any
date that exceeds the Exposure Amount on such date shall be transferred, at the direction of the Borrower (or the Services Provider on behalf of the Borrower) to the Collection Account on such date and applied as Principal Proceeds. For the
avoidance of doubt, any amounts transferred from the Future Funding Reserve Account for application as Principal Proceeds as provided above shall be further invested in Collateral Loans (to the extent expressly permitted by the other provisions in
this 

  
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Agreement) or applied as Principal Proceeds in accordance with Section 9.1(a)(ii), in each case as expressly provided in this Agreement. The Collateral Agent agrees to
give the Borrower and the Services Provider immediate notice if an Administrative Officer of the Collateral Agent obtains actual knowledge of or receives written notice that the Future Funding Reserve Account or any funds on deposit therein, or
otherwise to the credit of the Future Funding Reserve Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process. The Future Funding Reserve Account shall remain at all times with an Eligible
Account Bank. In the event that the account bank at which the Future Funding Reserve Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Future Funding Reserve Account gives notice that it is
terminating the Account Control Agreement, then Borrower shall, within 60 days of such occurrence, move the Future Funding Reserve Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement. Any
interest earned on Eligible Investments held in the Future Funding Reserve Account shall be applied as Interest Proceeds. 
 (c) Interest
Reserve Account. The Collateral Agent shall, on or prior to the Closing Date, establish a single, segregated trust account in the name “Athena Funding I LLC Interest Reserve Account, subject to the lien of State Street Bank and Trust
Company, as Collateral Agent for the benefit of the Secured Parties”, which shall be designated as the “Interest Reserve Account” and which shall be governed solely by the terms of this Agreement and the Account Control
Agreement and maintained with the Securities Intermediary in accordance with the Account Control Agreement for the benefit of the Secured Parties. Except as provided in Sections 6.4 and 9.1, the only permitted
deposits to or withdrawals from the Interest Reserve Account shall be in accordance with the provisions of this Agreement. The Borrower shall not have any legal, equitable or beneficial interest in the Interest Reserve Account other than in
accordance with this Agreement and the Priority of Payments. On or prior to the Closing Date, the Borrower shall deposit or cause to be deposited $0 into the Interest Reserve Account. Amounts on deposit in the Interest Reserve Account will be
invested in Eligible Investments selected by the Services Provider (on behalf of the Borrower), and earnings from all such investments will be deposited in the Collection Account as Interest Proceeds. On the first Quarterly Payment Date, funds in
the Interest Reserve Account as of the related Collateral Report Determination Date will be applied as Interest Proceeds on such Quarterly Payment Date in accordance with the Priority of Payments, but solely to the extent that other Interest
Proceeds are not available to satisfy all amounts described in Section 9.1(a)(i)(A) through (E). On the second Quarterly Payment Date, remaining funds in the Interest Reserve Account as of the related Collateral
Report Determination Date will be applied as Interest Proceeds on such Quarterly Payment Date in accordance with the Priority of Payments and the Interest Reserve Account will be closed. The Interest Reserve Account shall remain at all times with an
Eligible Account Bank. In the event that the account bank at which the Interest Reserve Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Interest Reserve Account gives notice that it is terminating
the Account Control Agreement, then Borrower shall, within 60 days of such occurrence, move the Interest Reserve Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement. 

(d) [Reserved] 

  
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 (e) Closing Expense Account. The Collateral Agent shall, on or prior to the Closing
Date, establish a single, segregated non-interest bearing trust account in the name “Athena Funding I LLC Closing Expense Account, subject to the lien of the Collateral Agent for the benefit of the
Secured Parties”, which shall be designated as the “Closing Expense Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement. The Collateral Agent shall have exclusive control
over such account, subject to the Borrower’s right to give instructions specified herein, and the sole right of withdrawal. Any and all funds at any time on deposit in, or otherwise to the credit of, the Closing Expense Account shall be held in
trust by the Collateral Agent for the benefit of the Secured Parties. On or prior to the Closing Date, the Borrower shall deposit or cause to be deposited approximately $0 into the Closing Expense Account. On any Business Day during the period that
the Closing Expense Account is open, the Collateral Agent shall apply funds from the Closing Expense Account, as directed by the Borrower (or the Services Provider on behalf of the Borrower), to pay fees and expenses of the Borrower incurred in
connection with the structuring, consummation, closing and post-closing of the transaction contemplated by this Agreement. Upon the delivery, on any date that is at least 60 days after the Closing Date,
of a Borrower Order instructing the Collateral Agent to close the Closing Expense Account, all funds in the Closing Expense Account will be deposited in the Collection Account as Interest Proceeds and the Closing Expense Account will be closed. By
Borrower Order (which may be in the form of standing instructions), the Borrower (or the Services Provider on behalf of the Borrower) may, so long as no Event of Default has occurred and is continuing, direct the Collateral Agent to, and, upon
receipt of such Borrower Order, the Collateral Agent shall, invest all funds received into the Closing Expense Account during a Due Period as so directed by the Borrower (or the Services Provider on behalf of the Borrower) in Eligible Investments.
Any income earned on amounts deposited in the Closing Expense Account will be deposited in the Collection Account as Interest Proceeds as it is received. The Collateral Agent agrees to give the Borrower and the Services Provider immediate notice if
an Administrative Officer of the Collateral Agent obtains actual knowledge of or receives written notice that the Closing Expense Account or any funds on deposit therein, or otherwise to the credit of the Closing Expense Account, shall become
subject to any writ, order, judgment, warrant of attachment, execution or similar process. The Closing Expense Account shall remain at all times with an Eligible Account Bank. In the event that the account bank at which the Closing Expense Account
is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Closing Expense Account gives notice that it is terminating the Account Control Agreement, then Borrower shall, within 60 days of such occurrence, move
the Closing Expense Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement. The only permitted withdrawal from or application of funds on deposit in, or otherwise to the credit of, the Closing
Expense Account shall be in accordance with the provisions of this Section 8.3(e). 

Section 8.4 Custodial Account. 

(a) The Collateral Agent shall, on or prior to the Closing Date, establish a single, segregated
non-interest bearing trust account in the name “Athena Funding I LLC Custodial Account, subject to the lien of the Collateral Agent for the benefit of the Secured Parties”, which shall be designated
as the “Custodial Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement. Such account shall be maintained with the Securities Intermediary pursuant to the terms of the Account
Control Agreement and over which the Collateral Agent shall have exclusive control, subject to the Borrower’s right to give 

  
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instructions specified herein, and the sole right of withdrawal. Any and all assets or securities at any time on deposit in, or otherwise to the credit of, the Custodial Account shall be held by
the Custodian for the benefit for the Collateral Agent for the benefit of the Secured Parties. Except in connection with a liquidation pursuant to Article VI, the only permitted withdrawal from the Custodial Account or in,
or otherwise to the credit of, the Custodial Account shall be as directed, upon Borrower Order, in accordance with the provisions of Sections 8.5 and 8.6. The Collateral Agent agrees to give the Borrower, the
Services Provider and the Lenders immediate notice if an Administrative Officer of the Collateral Agent obtains actual knowledge of or receives written notice that the Custodial Account or any assets or securities on deposit therein, or otherwise to
the credit of the Custodial Account, has become subject to any writ, order, judgment, warrant of attachment, execution or similar process. The Custodial Account shall remain at all times with an Eligible Account Bank and shall remain uninvested. In
the event that the account bank at which the Custodial Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Custodial Account gives notice that it is terminating the Account Control Agreement, then
Borrower shall, within 60 days of such occurrence, move the Custodial Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement. 

The Collateral Agent shall appoint a custodian (the “Custodian”) to act as a securities intermediary for purposes of this
Agreement and the other Loan Documents. Initially, such Custodian shall be State Street Bank and Trust Company. Any successor custodian shall be a state or national bank or trust company which (i) is not an Affiliate of the Borrower,
(ii) has a combined capital and surplus of at least U.S.$200,000,000, (iii) has a rating of at least “BBB+” by S&P and (iv) is a securities intermediary. If at any time the Custodian does not satisfy the conditions set
forth in the foregoing sentence, the Borrower (subject to the consent of the Majority Lenders) shall appoint a replacement Custodian within 30 days of an Authorized Officer of the Borrower becoming aware of such circumstance. The rights,
protections, immunities and indemnities afforded to the Collateral Agent under this Agreement shall also be afforded to the Custodian. 

(b) Except as otherwise provided in Sections 8.5 and 8.6, all right, title and interest of the Borrower in
and to the Custodial Account, all related property, and all proceeds thereof shall be subject to the security interest of the Collateral Agent hereunder. 

(c) With respect to securities (including without limitation debt and equity securities, bonds, money market funds and mutual funds) issued in
the United States, the Shareholders Communications Act of 1985 (the “Act”) requires the Custodian to disclose to the issuers of such securities, upon their request, the name, address and securities position of its customers who are
(a) the “beneficial owners” (as defined in the Act) of such issuer’s securities, if the beneficial owner does not object to such disclosure, or (b) acting as a “respondent bank” (as defined in the Act) with respect
to such securities. (Under the Act, “respondent banks” do not have the option of objecting to such disclosure upon the issuers’ request.) The Act defines a “beneficial owner” as any person who has, or shares, the power to
vote a security (pursuant to an agreement or otherwise), or who directs the voting of a security. The Act defines a “respondent bank” as any bank, association or other entity that exercises fiduciary powers which holds securities on behalf
of beneficial owners and deposits such securities for safekeeping with a bank, such as the Custodian. Under the Act, a customer is either the “beneficial owner” or a “respondent bank”. The

  
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“customer” for purposes hereof shall mean the Borrower and each Lender, each of which shall be deemed to be the “beneficial owner” (as defined in the Act) of such securities
to be held by the Custodian hereunder, and each of the Borrower and the Lenders hereby waives any objection to the disclosure of its name, address and securities position to any such issuer which requests such information pursuant to the Act for the
specific purpose of direct communications between such issuer and the Borrower and each Lender. Each of the Borrower and the Lenders may, by written notice to the Custodian, opt out of the waiver referred to in the foregoing sentence and elect not
to consent to the disclosure referred to in the foregoing sentence. With respect to such securities issued outside of the United States, information shall be released to issuers only if required by law or regulation of the particular country in
which the securities are located. 
 (d) At any time and from time to time the Borrower, or the Services Provider on the Borrower’s
behalf, may deposit into the Custodial Account Collateral Loans and/or Eligible Investments not previously subject to the Lien of the Collateral Agent (for the benefit of the Secured Parties) granted under this Agreement; provided that
(i) the requirements of Section 6.5 are complied with and (ii) upon such deposit into the Custodial Account, such assets shall automatically be subject to the Lien of the Collateral Agent (for the benefit of the
Secured Parties) granted under this Agreement. Any such deposit shall be irrevocable. The Borrower shall notify the Agents in writing of any such deposit prior to or contemporaneously therewith. 

Section 8.5 Acquisition of Collateral Loans and Eligible Investments. 

Each time that the Borrower acquires any Collateral Loan, Eligible Investment or other Collateral, the Borrower shall, if such Collateral Loan
or Eligible Investment or other Collateral has not already been transferred to the Custodial Account, transfer or cause the transfer of such Collateral Loan or Eligible Investment and other Collateral to the Custodian to be held for the benefit of
the Collateral Agent in accordance with the terms of this Agreement. The security interest of the Collateral Agent in the funds or other property utilized in connection with such acquisition shall, immediately and without further action on the part
of the Collateral Agent, be released. The security interest of the Collateral Agent shall nevertheless come into existence and continue in the Collateral Loans and Eligible Investments and other Collateral so acquired, including all rights of the
Borrower in and to any Related Contracts and Collections with respect to such Collateral Loans and Eligible Investments and other Collateral. 

Section 8.6 Release of Security Interest in Sold Collateral Loans and Eligible Investments; Release of Security
Interests Upon Termination. 
 (a) Upon any sale or other disposition of a Collateral Loan or Eligible Investment or other Collateral
(or portion thereof) in accordance with the terms of this Agreement, the security interest of the Collateral Agent in such Collateral Loan or Eligible Investment or other Collateral (or the portion thereof which has been sold or otherwise disposed
of), and in all Collections and rights under Related Contracts with respect to such Collateral Loan or Eligible Investment or other Collateral (but not in the proceeds of such sale or other disposition) shall, immediately upon the sale or other
disposition of such Collateral Loan or Eligible Investment or other Collateral (or such portion), and without any further action on the part of the Collateral Agent, be released, except for the proceeds of such sale or other disposition and except
to the extent of the interest, if any, in such Collateral Loan or Eligible Investment or other Collateral which is then retained by the Borrower or which thereafter reverts to the Borrower for any reason. 

  
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 (b) Upon the payment in full of the Obligations and termination of all Commitments
hereunder, the Collateral shall be released from the liens created hereby and under the other Loan Documents, and this Agreement and all obligations of the Agents and each Lender hereunder shall terminate, all without delivery of any instrument or
performance of any act by any party, and all rights to the Collateral shall revert to the Borrower. At the request and sole expense of the Borrower following any such termination, the Administrative Agent and/or the Collateral Agent, as applicable,
shall promptly deliver to the Borrower (or its designee) any Collateral held by such Agent hereunder, and execute and deliver to the Borrower such documents as the Borrower shall reasonably request to evidence such termination. Any such release or
termination shall be subject to the provision that the Obligations shall be reinstated if after such release or termination any portion of any payment in respect of the Obligations shall be rescinded or must otherwise be restored or returned upon
the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any substantial part of
its property, or otherwise, all as though such payment had not been made. 
 Section 8.7 Method of Collateral
Transfer. 
 Notwithstanding any other provision of this Agreement, each item of Collateral shall be delivered to the Custodian by: 

(a) with respect to such of the Collateral as constitutes an instrument, tangible chattel paper, a negotiable document (other than Related
Contracts), or money, causing the Custodian to take possession of such instrument indorsed to the Custodian or in blank, or such money, negotiable document, or tangible chattel paper, in the State of New York separate and apart from all other
property held by the Custodian; 
 (b) with respect to such of the Collateral as constitutes a certificated security in bearer form, causing
the Custodian to take possession of the related security certificate in the State of New York; 
 (c) with respect to such of the Collateral
as constitutes a certificated security in registered form, causing the Custodian to take possession of the related security certificate in the State of New York or the Commonwealth of Massachusetts, indorsed to the Custodian or in blank by an
effective indorsement, or registered in the name of the Custodian, upon original issue or registration of transfer by the issuer of such certificated security; 

(d) with respect to such of the Collateral as constitutes an uncertificated security, causing the issuer of such uncertificated security to
register the Custodian or its nominee for the account of the Custodian as the registered owner of such uncertificated security; 
 (e) with
respect to such of the Collateral as constitutes a security entitlement, causing the Securities Intermediary to indicate by book entry that the financial asset relating to such security entitlement has been credited to the Custodial Account; 

  
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 (f) with respect to such of the Collateral as constitutes a deposit account, causing such
deposit account to be established and maintained in the name of the Collateral Agent or the Custodian, as applicable, by a bank the jurisdiction of which for purposes of the UCC is the State of New York; 

(g) with respect to such of the Collateral as constitutes cash, causing such cash to be credited to a Covered Account that is a deposit
account; and 
 (h) taking such additional or alternative procedures as may hereafter become appropriate to grant a first priority,
perfected security interest in such items of the Collateral to the Collateral Agent, consistent with Applicable Law or regulations. 
 If
any item of Collateral is a financial asset issued by an issuer that is not the United States of America, an agency or instrumentality thereof, or some other United States person or entity, and if such item cannot be delivered as set forth above,
such item may be delivered by the Collateral Agent holding such item in an account created and maintained in the name of the Collateral Agent with a banking or securities institution or a clearing agency or system located outside the United States
such that the Collateral Agent holds a first priority, perfected security interest in such item of Collateral. 
 The Borrower agrees to
record and file after the Closing Date all appropriate UCC-1 financing statements, continuation statements, and other amendments, meeting the requirements of Applicable Law in such manner and in such
jurisdictions as are necessary to perfect and protect the interests of the Secured Parties in the Collateral under the applicable UCC against all creditors of and purchasers from the Borrower. The Borrower promptly shall deliver file-stamped copies of such UCC-1 financing statements, continuation statements, and amendments to the Agents. 

In connection with each transfer of an item of Collateral to the Collateral Agent and/or the Custodian, the Collateral Agent or the Custodian,
as applicable, shall make appropriate notations on its records indicating that such item of the Collateral is held for the benefit of the Secured Parties pursuant to and as provided in this Agreement and the other Loan Documents. Effective upon the
transfer of an item of Collateral to the Collateral Agent and/or the Custodian, the Collateral Agent or the Custodian, as applicable, shall be deemed to acknowledge that it holds such item of Collateral as Collateral Agent or as Custodian, as
applicable, under this Agreement and the other Loan Documents for the benefit and security of the Secured Parties. 
 Notwithstanding any
other provision of this Agreement, the Collateral Agent shall not hold any item of Collateral through an agent except as expressly permitted by this Section 8.7. 

Section 8.8 Continuing Liability of the Borrower. 

Notwithstanding anything herein to the contrary, the Borrower shall remain liable under each Related Contract, interest and obligation
included in the Collateral, to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with and pursuant to the terms and provisions thereof, and shall do nothing to impair the security
interest of the Collateral Agent in any Collateral. None of the Collateral Agent, the Document Custodian, the Custodian or any Secured Party shall have any obligation or liability under any such Related Contract, interest or obligation by reason of
or arising out of this 

  
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Agreement or the receipt by the Collateral Agent, the Document Custodian, the Custodian or any Secured Party of any payment relating to any such Related Contract, interest or obligation pursuant
hereto, nor shall the Collateral Agent, the Document Custodian, the Custodian or any Secured Party be required or obligated in any manner to perform or fulfill any of the obligations of the Borrower thereunder or pursuant thereto, or to make any
payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Related Contract, interest or obligation, or to present or file any claim, or to take
any action to collect or enforce any performance or the payment of any amount thereunder to which it may be entitled at any time. 

Section 8.9 Reports. 

(a) The Collateral Administrator shall deliver or make available to the Borrower by 11:00 a.m. (New York time) on each Business Day a report
describing all Money (including but not limited to a breakdown of all such amounts into Interest Proceeds and Principal Proceeds) and other property received by it pursuant to the terms of this Agreement and the other Loan Documents on the preceding
Business Day (the “Daily Report”). If any Money or property shall be received by the Collateral Agent on a day that is not a Business Day, the Collateral Administrator shall deliver the Daily Report with respect thereto to the
Borrower on the next Business Day. 
 (b) The Collateral Administrator shall compile and provide, subject to the Collateral
Administrator’s receipt from the Services Provider, the Borrower or the Administrative Agent, as applicable, such information with respect to the Collateral Loans and Eligible Investments to the extent not maintained or in the possession of the
Collateral Administrator, the Collateral Report, and the Payment Date Report in accordance with Exhibit D and Exhibit E hereof, respectively, and prepare drafts of such Collateral Report and Payment Date Report and provide such drafts to
the Services Provider for review and approval; provided that each such draft is to be provided no later than four days prior to the date the Collateral Report or the Payment Date Report, as applicable, is due. The Borrower shall cause the
Services Provider to review and confirm the calculations made by the Collateral Administrator in such Collateral Report or Payment Date Report within one Business Day prior to the due date of the Collateral Report or the Payment Date Report. 

The Services Provider, the Administrative Agent, the Collateral Agent and the Borrower shall cooperate with the Collateral Administrator in
connection with the preparation by the Collateral Administrator of Collateral Reports and Payment Date Reports. The Services Provider shall review and verify the contents of the aforesaid reports, instructions, statements and certificates, and upon
verification shall make such reports available to the applicable Rating Agency. Upon receipt of approval from the Services Provider, the Collateral Administrator shall transmit the same to the Borrower and shall make such reports available to the
Administrative Agent and each Lender. 
 (c) The Collateral Administrator may conclusively rely on and without any investigation,
information provided by the Services Provider, the Collateral Agent, the Borrower and the Administrative Agent in preparation of the Collateral Report and the Payment Date Report. Nothing herein shall obligate the Collateral Administrator to review
or examine such information for accuracy, correctness or validity. 

  
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 The Collateral Administrator will make the Collateral Report and Payment Date Report
available via its internet website. The Collateral Administrator’s internet website shall initially be located at http://www.mystatestreet.com. The Collateral Administrator may change the way such statements are distributed. As a condition to
access to the Collateral Administrator’s internet website, the Collateral Administrator may require registration and the acceptance of a disclaimer. The Collateral Administrator shall be entitled to rely on but shall not be responsible for the
content or accuracy of any information provided in the Collateral Report and the Payment Date Report which the Collateral Administrator disseminates in accordance with this Agreement and may affix thereto any disclaimer it deems appropriate in its
reasonable discretion. 
 (d) Nothing herein shall impose or imply any duty or obligation on the part of the Collateral Administrator to
verify, investigate or audit any such information or data, or to determine or monitor on an independent basis whether any issuer of the Collateral Loan is in default or in compliance with the underlying documents governing or securing such
securities, from time to time, the role of the Collateral Administrator hereunder being solely to perform certain mathematical computations and data comparisons as provided herein. 

(e) The Collateral Administrator shall have no liability for any failure, inability or unwillingness on the part of the Services Provider or
the Borrower or the Administrative Agent to provide accurate and complete information on a timely basis to the Collateral Administrator, or otherwise on the part of any such party to comply with the terms of this Agreement, and shall have no
liability for any inaccuracy or error in the performance or observance on the Collateral Administrator’s part of any of its duties hereunder that is caused by or results from any such inaccurate, incomplete or untimely information received by
it, or other failure on the part of any such other party to comply with the terms hereof. 
 (f) If, in performing its duties under this
Section 8.9 in connection with compiling and delivering reports, the Collateral Administrator is required to decide between alternative courses of action, the Collateral Administrator may request written instructions from
the Services Provider, acting on behalf of the Borrower, as to the course of action desired by it. If the Collateral Administrator does not receive such instructions within three Business Days after it has requested them, the Collateral
Administrator may, but shall be under no duty to, take or refrain from taking any such courses of action. The Collateral Administrator shall act in accordance with instructions received after such
three-Business Day period except to the extent it has already taken, or committed itself to take action inconsistent with such instructions. The Collateral Administrator shall be entitled to rely on the advice
of legal counsel and independent accountants in performing its duties hereunder and shall be deemed to have acted in good faith if it acts in accordance with such advice. 

ARTICLE IX 
 APPLICATION
OF MONIES 
 Section 9.1 Disbursements of Funds from Payment Account. 

  
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 (a) Notwithstanding any other provision of this Agreement other than
Section 6.4, but subject to the other subsections of this Section 9.1 and Article II (with respect to optional repayment of Loans), on each Quarterly Payment Date, the
Collateral Agent shall disburse amounts transferred to the Payment Account from the Collection Account pursuant to Section 8.2(h) as follows and for application in accordance with the following priorities (the
“Priority of Payments”): 
 (i) On each Quarterly Payment Date, prior to the distribution of any Principal
Proceeds, Interest Proceeds shall be applied as follows: 
 (A) to the payment of the following amounts in the following
priority (without duplication): (1) Taxes (but not including any accrued and unpaid Increased Costs), registration and filing fees then due and owing by the Borrower, (2) accrued and unpaid Administrative Expenses in the order set forth in
the definition thereof and (3) on any Quarterly Payment Date other than the final Quarterly Payment Date, to the retention in the Collection Account of an amount equal to the Retained Expense Amount for such Quarterly Payment Date;
provided that the aggregate amount of payments under this clause (A)(2) and (3) shall not exceed on any Quarterly Payment Date the sum of (a) the Quarterly Cap plus (b) the Retained Expense Amount determined on the
immediately prior Quarterly Payment Date less (c) Administrative Expenses paid pursuant to Section 8.2(g) during the Due Period relating to such Quarterly Payment Date; 

(B) if the Borrower is party to any Interest Hedge Agreements, to the payment of any amounts owing by the Borrower to the
Interest Hedge Counterparties thereunder (exclusive of any early termination or liquidation payment owing by the Borrower by reason of the occurrence of an event of default or termination event thereunder with respect to such Interest Hedge
Counterparty where such Interest Hedge Counterparty is the sole affected party or the defaulting party); 
 (C) unless
deferred by the Services Provider (or its designee), to the payment to the Services Provider (or its designee) of all due and unpaid Senior Services Fees that have not been deferred on prior Quarterly Payment Dates; 

(D) to the Lenders for payment (on a pro rata basis) of accrued interest and Commitment Fees (ratably in proportion to
their respective Percentage Shares) on the Loans due on such Quarterly Payment Date (excluding the additional two percent of interest payable at the Post-Default Rate); 

(E) if any of the Coverage Tests are not satisfied as of the related Calculation Date or if a Market Trigger has occurred and
is continuing, to the prepayment of principal of the Loans (to be allocated to the Loans according to the Principal Allocation Formula) until such tests are satisfied; 

(F) to the payment to the Administrative Agent of the Administrative Agent Fee; 

  
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 (G) to the payment of amounts described in clause (A) above to the
extent not paid thereunder (without regard to any cap or limitation); 
 (H) first, to the payment of amounts
described in clause (D) above to the extent not paid thereunder, and second, to the payment of any Lender’s Increased Costs; 

(I) [Reserved]; 

(J) to the payment to the Services Provider (or its designee) of any previously deferred Senior Services Fees that the Services
Provider elects to be paid on such Quarterly Payment Date by notice to the Collateral Agent prior to the related Calculation Date; 

(K) unless deferred by the Services Provider (or its designee), to the payment to the Services Provider (or its designee) of
(1) all due and unpaid Subordinated Services Fees that have not been deferred on prior Quarterly Payment Dates and (2) any previously deferred Subordinated Services Fees that the Services Provider elects to be paid on such Quarterly
Payment Date by notice to the Collateral Agent prior to the related Calculation Date; 
 (L) if the Borrower is party to any
Interest Hedge Agreements, to any amounts owing by the Borrower to the Interest Hedge Counterparties under such Interest Hedge Agreements to the extent not paid under clause (B) above (without regard to any cap or limitation); 

(M) all remaining Interest Proceeds: 

(1) during the Reinvestment Period, at the sole discretion of the Services Provider, either (i) to the Borrower for
payment as directed by the Borrower, including as to make a distribution to the Parent; (ii) to the Collection Account to be applied as Principal Proceeds for the purchase of additional Collateral Loans, (iii) to be applied to prepay the
principal of the Loans pursuant to Section 2.7, and/or (iv) for deposit into the Future Funding Reserve Account; and 

(2) after the Reinvestment Period, to the Borrower or for payment as directed by the Borrower, either to (i) make a
distribution to the Parent; or (ii) prepay the principal of the Loans pursuant to Section 2.7. 

(ii) On each Quarterly Payment Date, following the distribution of all Interest Proceeds as set forth in
Section 9.1(a)(i) above, Principal Proceeds (other than Principal Proceeds previously reinvested in Collateral Loans or otherwise designated by the Borrower for application pursuant to the parenthetical contained in
Section 8.2(a)(ii) or otherwise to provide for any Unsettled Amount) shall be applied as follows; provided that after giving effect to any such payment no Commitment Shortfall would exist (and, to the extent that any
Commitment Shortfall would exist, Principal Proceeds shall first be deposited in the Future Funding Reserve Account in the amount needed to eliminate such Commitment Shortfall): 

  
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 (A) to the payment of unpaid amounts in items (A) through
(C) in Section 9.1(a)(i) above (in such order of priority stated therein); 
 (B) to
the Lenders for payment (on a pro rata basis) of accrued interest and Commitment Fees (ratably in proportion to their respective Percentage Shares) on the Loans due on such Quarterly Payment Date (excluding the additional two percent of
interest payable at the Post-Default Rate); 
 (C) if any of the Coverage Tests are
not satisfied as of the related Calculation Date or if a Market Trigger has occurred and is continuing, to the prepayment of principal of the Loans (to be allocated to the Loans according to the Principal Allocation Formula) until such tests are
satisfied or, with respect to an Event of Default, the Loans are paid in full; 
 (D) first, to the payment of amounts
described in clause (B) above to the extent not paid thereunder, and second, to the payment of any Lender’s Increased Costs; 

(E) during the Reinvestment Period, all remaining Principal Proceeds may, at the sole discretion of the Services Provider: 

(1) be deposited into the Collection Account for the purchase of additional Collateral Loans; 

(2) be applied to prepay the principal of the Loans pursuant to Section 2.7; and/or 

(3) be deposited into the Future Funding Reserve Account; and 

(4) be used to make a Permitted Parent Distribution. 

(F) after the Reinvestment Period, 

(1) first, to be applied to the payment of interest, principal, Commitment Fees and other obligations on the Loans
until repaid in full; 
 (2) second, to the payment of amounts referred to in items (E) through (J) in
Section 9.1(a)(i) above, in the priority set forth therein but only to the extent not paid in full thereunder; and 

(3) third, to the Borrower or for payment as directed by the Borrower, including to make a distribution to the Parent.

  
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 (b) If on any Quarterly Payment Date the amount available in the Payment Account from
amounts received in the related Due Period is insufficient to make the full amount of the disbursements required pursuant to any clause in the Priority of Payments, the Collateral Agent shall make the disbursements called for in the order and
according to the priority set forth under Section 9.1(a) and ratably or in the order provided within the applicable clause, as applicable, in accordance with the respective amounts owing under any such clause, to the extent
funds are available therefor. 
 (c) On each Quarterly Payment Date, the Collateral Administrator (on behalf of the Borrower) shall deliver
to the Administrative Agent, the Collateral Agent, the Services Provider, the Lenders and the applicable Rating Agency a report (the “Payment Date Report”) containing the information described in Exhibit E
hereto pursuant to Section 8.9 specifying the amount of Interest Proceeds (and, of such amount, the amount of Fee Proceeds) and Principal Proceeds received during the preceding Due Period and the amounts to be applied to
each purpose set forth in Section 9.1(a). The information in each Payment Date Report shall be determined as of the Calculation Date immediately preceding the applicable Quarterly Payment Date. For the avoidance of doubt,
in any month in which a Quarterly Payment Date occurs, the Collateral Report and the Payment Date Report may be combined into a single report. 

(d) In the event that the Services Provider obtains actual knowledge of or receives written notice that any Interest Hedge Counterparty
defaults in the payment of its obligations to the Borrower under any Interest Hedge Agreement on the payment date therefor, the Services Provider shall notify the Borrower which shall (or the Services Provider on behalf of the Borrower shall) make a
demand on such Interest Hedge Counterparty, or any guarantor, if applicable, demanding payment by 12:00 noon, New York time, on the next Business Day. The Services Provider shall give notice to the Lenders, the Administrative Agent, the applicable
Rating Agency, the Borrower and the Collateral Agent upon the continuing failure by such Interest Hedge Counterparty (or applicable guarantor) to perform its obligations for one Business Day following a demand made by the Borrower (or the Services
Provider on behalf of the Borrower) on such Interest Hedge Counterparty. 
 ARTICLE X 

SALE OF COLLATERAL LOANS; ELIGIBILITY CRITERIA; CONDITIONS TO SALES AND PURCHASES 

Section 10.1 Sale of Collateral Loans. 

(a) Sales, Substitutions and Assignments. Provided that no Event of Default has occurred and is continuing (except for sales pursuant
to clauses (i), (iii), (iv), (vi) or (vii) below which shall be permitted during the continuance of an Event of Default but only so long as the Majority Lenders have provided their written consent thereto pursuant to
Section 6.2(a)) and subject to the satisfaction of the conditions specified in this Agreement, including without limitation Sections 5.33, 10.1(b) and 10.1(c), the Borrower or the
Services Provider (on behalf of the Borrower) may direct the Collateral Agent in writing to sell, and the Collateral Agent shall sell or substitute in the manner directed by the Borrower or the Services Provider (on behalf of the Borrower) in
writing, any Collateral Loan or other loan included in the Collateral (including (x) subject to Section 10.1(b), the sale by participation of all or a portion of the Borrower’s interest in any Collateral Loan or
other loan and (y) without limitation, the sale by assignment of a portion 

  
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of the Borrower’s interest in any Collateral Loan or other loan); provided that (x) such sale meets the requirements of any one of clauses (i) through (viii) of this
Section 10.1(a) and (y) such substitution shall meet the requirements of clause (v) of this Section 10.1(a), each of which requirements shall be satisfied upon receipt by the Collateral
Agent of a trade ticket or other direction to sell or substitute (which shall be deemed to be a representation and certification from the Borrower or the Services Provider that such conditions are satisfied): 

(i) Credit Risk Loans. The Borrower or the Services Provider (on behalf of the Borrower) may direct the Collateral Agent
in writing to sell any Credit Risk Loan at any time during or after the Reinvestment Period without restriction. 
 (ii)
Credit Improved Loans. The Borrower or the Services Provider (on behalf of the Borrower) may direct the Collateral Agent in writing to sell any Credit Improved Loan either: 

(A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such
Credit Improved Loan; or 
 (B) during the Reinvestment Period if the Borrower, or the Services Provider in compliance with
the Servicing Standard, reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale in one or more additional Collateral Loans with an Aggregate Principal
Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans or Cash) contributed (which contribution shall be irrevocable) by the Borrower or the Services Provider on the Borrower’s behalf prior to such
sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within 30 Business Days of such sale. 

(iii) Defaulted Loans. The Borrower or the Services Provider (on behalf of the Borrower) may direct the Collateral Agent
in writing to sell any Defaulted Loan at any time during or after the Reinvestment Period without restriction. 
 (iv)
Equity Securities. The Borrower or the Services Provider (on behalf of the Borrower) shall use its commercially reasonable efforts to effect the sale of any Equity Security within 45 days after receipt if such Equity Security constitutes
Margin Stock, unless such sale is prohibited by Applicable Law, in which case such Equity Security shall be sold as soon as such sale is permitted by Applicable Law. The Borrower shall deposit the proceeds therefrom in the Collection Account and
shall be treated as Principal Proceeds. 
 (v) Discretionary Sales. The Borrower or the Services Provider on behalf of
the Borrower may at any time direct the Collateral Agent in writing to sell any Collateral Loan that is not covered by another provision of this Section 10.1; provided that immediately after giving effect to such
Discretionary Sale, each Collateral Quality Test and each Concentration Limit is satisfied, or if not satisfied, the degree of compliance with each Collateral Quality Test and each Concentration Limit is maintained or improved; provided

  
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further that during the Reinvestment Period, such sale shall only be permitted so long as (i) the Aggregate Principal Balance of all such Collateral Loans (excluding (u) Equity
Securities, (v) CCC Collateral Loans that at the time of the commitment to sell constituted CCC Excess, (w) Credit Risk Loans, (x) Post-Transition S&P CCC Collateral Loans,
(y) Defaulted Loans and Ineligible Assets, and (z) Collateral Loans subject to a Specified Change) sold during the preceding period of twelve calendar months (or, for the first twelve calendar months after the Closing Date, during the
period commencing on the Closing Date) is not greater than 25% of Total Capitalization, as of the first day of such twelve calendar month period (or as of the Closing Date, as the case may be) (except that in the case of a Permitted Securitization
such 25% limitation shall not apply) or (ii) such sale is in connection with a Permitted Securitization (including, for the avoidance of doubt, sales to an Affiliate of the Borrower that is not the issuer or debtor in the Permitted
Securitization in amounts necessary to satisfy the requirements of sub-clause (x) of clause (b) of the definition of Permitted Distribution). Any written direction given by the Borrower or the
Services Provider on behalf of the Borrower to the Collateral Agent that pursuant to this clause (v) shall be deemed a representation and certification by the Borrower or the Services Provider on behalf of the Borrower to the Collateral Agent
this clause (v) has been satisfied. 
 (vi) Mandatory Sales. The Borrower or the Services Provider (on behalf of
the Borrower) shall use its commercially reasonable efforts to effect the sale of any Collateral Loan (other than Defaulted Loans) that no longer meets the criteria described in clause (m) in the definition of “Collateral Loan,”
within 18 months of the failure of such Collateral Loan to meet any such criteria (unless (1) the Rating Condition is satisfied or (2) the Borrower or the Services Provider determines that such sale would not be in the best interests
of the Lenders). 
 (vii) Sales in Connection with Payment in Full and Termination of the Facility. The Borrower, or
the Services Provider on behalf of the Borrower, may direct the Collateral Agent in writing to sell, assign or transfer all or any portion of the Collateral in connection with the payment in full of all of the Obligations (other than any unasserted
Contingent Obligations) and the payment of any other amounts required to be paid pursuant to the Priority of Payments; provided that the proceeds from any such sale, assignment or transfer directed pursuant to this
Section 10.1(a)(vii) are sufficient to pay in full all of the Obligations (other than any unasserted Contingent Obligations) and any other amounts required to be paid pursuant to the pursuant to the Priority of Payments (as
certified to the Collateral Agent by the Borrower). For the avoidance of doubt, the Borrower, or the Services Provider on behalf of the Borrower, may only direct such sales, assignments or transfers contemplated by this
Section 10.1(a)(vii) if no Enforcement Event has occurred and is continuing at such time. 
 (b)
Participations. The Borrower may not sell a participation interest in a Revolving Collateral Loan or a Delayed Funding Loan. 
 (c)
Sales for Cash of Collateral Loans. All sales of Collateral Loans or any portion thereof pursuant to this Section 10.1 shall be for Cash on a non-recourse basis, which shall be
deemed Principal Proceeds for all purposes hereunder; provided that if such sale is in connection 

  
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with a Permitted Securitization pursuant to Section 10.1(a)(v), a portion of the purchase price equal to the amount of Permitted Distribution that the Borrower may
distribute to the Parent in accordance with Section 5.29 may be paid by means of proper accounting entries being entered upon the accounts and records of the Permitted Securitization’s issuer, the Borrower and Parent
to evidence the purchase of subordinated notes by the Parent from the Permitted Securitization’s issuer in the amount of such Permitted Distribution, netted against the purchase of Collateral Loans by the Permitted Securitization’s issuer
from the Borrower in the amount of such Permitted Distribution netted against such Permitted Distribution by the Borrower to the Parent. 

Section 10.2 Eligibility Criteria. 

Unless otherwise specified herein, on and after the Closing Date but solely during the Reinvestment Period, a debt obligation will be eligible
for purchase (including in connection with a substitution pursuant to Section 10.1) by the Borrower and inclusion in the Collateral only if as evidenced by an officer’s certificate of an Authorized Officer of the
Borrower (or the Services Provider on behalf of the Borrower) delivered to the Collateral Agent, the (i) Eligibility Criteria are satisfied at the time such debt obligation is purchased (on a trade date basis), after giving effect to the
inclusion of such debt obligation, (ii) in the case of an additional Collateral Loan purchased with the proceeds from the sale of a Credit Risk Loan, a Defaulted Loan, or a Collateral Loan that is subject to a Specified Change, either
(1) the aggregate outstanding principal balance of all additional Collateral Loans purchased with the proceeds from such sale will at least equal the sale proceeds from such sale or (2) the aggregate outstanding principal balance of the
Collateral Loans will be maintained or increased (when compared to the aggregate outstanding principal balance of the Collateral Loans immediately prior to such sale) and (iii) in the case of any other purchase of additional Collateral Loans
purchased with the proceeds from the sale of a Collateral Loan, either (1) the aggregate outstanding principal balance of the Collateral Loans will be maintained or increased (when compared to the aggregate outstanding principal balance of the
Collateral Loans immediately prior to such sale) or (2) the Lender Advance Rate Test would be satisfied immediately after giving effect to such purchase and sale if such date were a Borrowing Date. 

Section 10.3 Conditions Applicable to all Sale and Purchase Transactions. 

Any transaction effected under this Article X or in connection with the acquisition, disposition or substitution of
any asset shall be conducted on an arm’s length basis and, if effected with a Person Affiliated with the Services Provider (or with an account or portfolio for which the Services Provider or any of its Affiliates serves as investment adviser),
shall be effected in accordance with Section 5.33. 
 ARTICLE XI 

CHANGE IN CIRCUMSTANCES 

Section 11.1 Temporary Disruption of Term SOFR. Subject to Section 12.5(e), if: 

  
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 (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining Term SOFR; or 
 (b) the Administrative Agent has been
advised by the Majority Lenders that Term SOFR will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan); 

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders as promptly as practicable thereafter and, until the
Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, any outstanding Term SOFR Loan shall on and from such day be converted by the Administrative Agent to, and shall
constitute, an ABR Loan. 
 Section 11.2 Illegality. If, on or after the date of this Agreement, the adoption of any Applicable
Law, rule or regulation, or any change in any Applicable Law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or
administration thereof, or compliance by any Lender in good faith with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency shall make it unlawful or impossible for any Lender to
make, maintain or fund its Term SOFR Loans (if any) and such Lender shall so notify the Administrative Agent, the Administrative Agent shall forthwith give notice thereof (by telephone confirmed in writing) to the Lenders, the Collateral Agent and
the Borrower, whereupon until such Lender notifies the Administrative Agent that the circumstances giving rise to such suspension no longer exist, the obligation of such Lender to make Term SOFR Loans (if any) shall be suspended (provided
that such Lender shall instead fund ABR Loans (or in the case of outstanding Loans, such Loans will be converted to ABR Loans at the end of such Interest Period, or sooner if required by law)). Before giving any notice to the Administrative Agent
pursuant to this Section 11.2, such Lender shall designate a different Applicable Lending Office if such designation would avoid the need for giving such notice and would not be otherwise disadvantageous to such Lender. If
circumstances subsequently change so that it is no longer unlawful for an affected Lender to make or maintain Term SOFR Loans as contemplated hereunder, such Lender will, as soon as reasonably practicable after such Lender becomes aware of such
change in circumstances, notify the Borrower, the Collateral Agent and the Administrative Agent and upon receipt of such notice, the obligations of such Lender to make or continue Term SOFR Loans shall be reinstated. 

Section 11.3 Taxes. 

(a) Defined Terms. For purposes of this Section, the term “Applicable Law” includes FATCA. 

(b) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Loan Document shall be
made without deduction or withholding for any Taxes, except as required by Applicable Law. If any Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then the applicable 

  
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Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with
Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to
additional sums payable under this Section 11.3) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(c) Payment of Other Taxes by Borrower. The Borrower shall timely pay to the relevant Governmental Authority in accordance with
Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 
 (d)
Indemnification by Borrower. The Borrower shall indemnify each Recipient, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts
payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative
Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
 (e) Indemnification by the Lenders.
Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the
Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 12.6(b)
relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses
arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the
Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (e). 

(f) Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to
this Section, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such
payment reasonably satisfactory to the Administrative Agent. 
 (g) (i) Status of Lenders. Each Any that is entitled to an
exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested

  
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by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be
made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested
by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the
contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in paragraphs (g)(ii)(A), (ii)(B) and (ii)(D) of this
Section 11.3) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice
the legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or about the date on which
such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying
that such Lender is exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is
legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Foreign Lender becomes a Lender under this Agreement (and from time
to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable (or applicable successor form), establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or applicable successor form), establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income”
article of such tax treaty; 
 (2) executed copies of IRS Form W-8ECI (or
applicable successor form); 139 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under Section 881(c) of the Code, (x) a 

  
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certificate substantially in the form of Exhibit I-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, or a “controlled foreign corporation” related to the Borrower as described in
Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or applicable successor form); or 
 (4) to the
extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS
Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 or Exhibit I-3, IRS Form W-9, in each case as applicable (or applicable successor form), and/or other
certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign
Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-4 on behalf of each such direct and indirect partner. 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed copies of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be
prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent
at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code)
and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after
the date of this Agreement. 

  
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 Each Lender agrees that if any form or certification it previously delivered expires or
becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h) On or before the date of this Agreement (and on or before the date any successor or replacement Administrative Agent becomes the
Administrative Agent hereunder), to the extent copies thereof have not previously been so delivered, the Administrative Agent shall deliver to the Borrower to the extent it is legally able to do so, two duly executed copies of either (i) IRS Form W-9 (or an applicable successor form) or (ii) IRS Form W-8IMY (or an applicable successor form) certifying that it is a “U.S. branch” of a
foreign bank and evidencing its agreement with the Borrower to be treated as a U.S. person with respect to payments made to it by any Borrower. 

(i) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section (including by the payment of additional amounts pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent
of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such
indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the
amount paid over pursuant to this paragraph (i) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental
Authority. Notwithstanding anything to the contrary in this paragraph (i), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (i) the payment of which would place the
indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld
or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other
information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 
 (j) Survival. Each
party’s obligations under this Section shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document. 
 Section 11.4 Increased Cost and Reduced Return. 

(a) If, on or after the date hereof, the adoption of any Applicable Law, rule or regulation, or any change in any Applicable Law, rule or
regulation, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its Applicable
Lending Office) with any request or directive (whether or not having 

  
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the force of law) of any such authority, central bank or comparable agency shall impose, modify or deem applicable any reserve (including, without limitation, any such requirement imposed by the
Federal Reserve Board, special deposit, insurance assessment or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (or its Applicable Lending Office)) or shall impose on any Lender (or its
Applicable Lending Office) or on the London interbank market any other condition affecting its Term SOFR Loans, its Notes evidencing Term SOFR Loans, or its obligation to make Term SOFR Loans, and the result of any of the foregoing is to increase
the cost to such Lender (or its Applicable Lending Office) of making or maintaining any Loan, or to reduce the amount of any sum received or receivable by such Lender (or its Applicable Lending Office) under this Agreement or under its Notes with
respect thereto (other than any increased costs on account of (x) Indemnified Taxes, (y) Taxes described in clauses (ii) through (iv) of the definition of “Excluded Taxes” and (z) Connection Income Taxes), such
additional amount or amounts as will compensate such Lender for such increased cost or reduction shall constitute “Increased Costs” payable by the Borrower pursuant to Sections 9.1(a) and 6.4. 

(b) If any Lender shall have determined that, after the date hereof, the adoption of any Applicable Law, rule or regulation regarding
liquidity or capital adequacy, or any change in any such law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or
administration thereof, or any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on capital
of such Lender as a consequence of such Lender’s obligations hereunder to a level below that which such Lender could have achieved but for such adoption, change, request or directive (taking into consideration its policies with respect to
capital adequacy) by an amount deemed by such Lender to be material, then, upon demand (which demand shall set forth in reasonable detail the basis for such demand for compensation) by such Lender (with a copy to the Administrative Agent, the
Collateral Agent and the applicable Rating Agency), such additional amount or amounts as will compensate such Lender for such reduction (to the extent funds are available therefor in accordance with the Priority of Payments) shall constitute
“Increased Costs” payable by the Borrower pursuant to Sections 9.1(a) and 6.4. 
 (c) Each Lender
will promptly notify the Borrower, the Collateral Agent and the Administrative Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle such Lender to compensation pursuant to this
Section 11.4 and will designate a different Applicable Lending Office if such designation will avoid the need for, or reduce the amount of, such compensation and will not be otherwise disadvantageous to such Lender. A
certificate of any Lender claiming compensation under this Section 11.4 and setting forth in reasonable detail a calculation of the additional amount or amounts to be paid to it hereunder shall be delivered in connection
with any request for compensation and shall be conclusive in the absence of manifest error. In determining such amount, such Lender may use any reasonable averaging and attribution methods. Failure or delay on the part of any Lender to demand
compensation under this Section 11.4 shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to
this Section 11.4 for any increased costs or reductions incurred more than six months prior to the date on which the applicable Lender notifies the Borrower; provided that if the event giving rise to such
increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof. 

  
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 (d) Notwithstanding anything to the contrary contained herein, all requests, rules,
guidelines, requirements and directives promulgated (i) by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority), the Committee of European Banking Supervisors or the United
States or foreign regulatory authorities, in each case, pursuant to Basel III or similar capital requirements directive existing on the Closing Date impacting European banks and other regulated financial institutions, (ii) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act and (iii) in connection with the EU Retention Requirements shall, in each case, be deemed to be a change or adoption of any law, rule or regulation for
purposes of this Section 11.4, regardless of the date enacted, adopted, issued or implemented; provided, however, that the Borrower shall not be responsible for any increased costs relating to the EU Retention
Requirements so long as the Retention Holder is in compliance with the requirements set forth in the Retention Letter. 
 (e)
Notwithstanding anything to the contrary in this Section 11.4, the Borrower shall not be required to pay amounts to any Lender under this Section 11.4 to the extent such amounts would be
duplicative of amounts payable by the Borrower under Section 11.3. To the extent the Borrower is required to pay any Lender additional amounts or indemnify any Lender in respect of Taxes or Other Taxes pursuant to
Section 11.3, the provisions of Section 11.3 shall control. 
 (f) For the avoidance of
doubt, the Borrower shall not be obligated to pay additional amounts to a Lender pursuant to clauses (a) or (b) of this Section 11.4 to the extent any such additional amounts are attributable to a failure by a
Lender to comply with its obligations under the EU Retention Requirements that are within its control. 
 Section 11.5 Replacement
of Lenders. 
 (a) If any Lender requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 11.3, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate a different lending office for funding or booking
its Loans hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Section 11.3 in the future, and
would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment. 
 (b) (x) If and for so long as any Lender is (1) a Defaulting Lender or
Non-Consenting Lender, (2) requesting compensation under Section 11.4 or (3) unable to make Loans under Section 11.2, (y) if the Borrower is
required to pay any additional amount to such Lender or any authority for the account of such Lender pursuant to Section 11.3 or (z) if and for so long as the obligations of any Lender under this Agreement are the
subject of a Bail-In Action, then the Borrower may, at its sole expense and effort, upon notice to such Lender, the Agents and the applicable Rating Agency, direct such Lender to assign and delegate (and such
Lender shall 

  
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comply with such direction but shall have no obligation to search for, seek, designate or otherwise try to find, an assignee), without recourse (in accordance with and subject to the restrictions
contained in, and consents required by, Section 12.6), all of its interests, rights and obligations under this Agreement and the Notes to a financial institution that is (I) eligible to purchase the replaced
Lender’s Loans under the terms hereof, (II) not prohibited by any Applicable Law from making such purchase and (III) not the subject of a Bail-In Action with respect to its obligations hereunder
(such purchaser, an “Approved Purchaser”), which shall assume such obligations (and which may be another Lender, if such other Lender accepts such assignment); provided that: 

(i) such assigning Lender shall have received payment of an amount equal to the aggregate outstanding principal of its Loans,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under its Note (including any amounts under Section 2.8) from such Approved Purchaser (to the extent of such outstanding principal and
accrued interest and fees) or the Borrower (in the case of all other amounts); 
 (ii) in the case of any such assignment or
delegation resulting from a claim for compensation under Section 11.4, or payments required to be made pursuant to Section 11.3, such assignment or delegation will result in a reduction in such
compensation or payments thereafter; and 
 (iii) such assignment or delegation does not conflict with any Applicable Law.

 The Borrower may also, at is sole expense and effort, upon notice to any Non-Consenting Lender
and the Agents, prepay (without penalty) the aggregate outstanding principal of the Loans of any Non-Consenting Lender. 

(c) If and for so long as any Lender is a Defaulting Lender hereunder (x) the Commitment and Loans of any such Defaulting Lender shall
not be included in determining whether the Majority Lenders or Majority Revolving Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to
Section 12.5); provided that (i) a Defaulting Lender’s vote shall be included with respect to any action hereunder relating to any change that would require the consent of each Lender or each affected
Lender under Section 12.5 (to the extent such Defaulting Lender is such an affected Lender) and (ii) a Defaulting Lender shall retain its voting rights if such Defaulting Lender is the only Lender, which vote shall not
be unreasonably withheld, conditioned or delayed, and (y) no Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which time that Lender is a Defaulting Lender (and the Borrower shall not be required to pay
any such fee that otherwise would have been required to have been paid to that Defaulting Lender during such time). 
 (d) Notwithstanding
anything in Section 11.5(b) to the contrary a Lender shall not be required to make any assignment or delegation referred to in Section 11.5(b) if, prior thereto, as a result of a waiver by
such Lender or the Borrower or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply and such Lender gives notice thereof to the Borrower. 

  
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 (e) Each of the Administrative Agent and any replaced Lender will agree to cooperate with
all reasonable requests of the Borrower for the purpose of effecting a transfer in compliance with this Section 11.5. 

(f) Nothing in this Section 11.5 shall be deemed to release a Defaulting Lender or
Non-Consenting Lender from any liability arising from its failure to fund any Loans it is required to make hereunder. 

ARTICLE XII 

MISCELLANEOUS 

Section 12.1 Notices. 

All notices, requests and other communications to any party hereunder shall be in writing (including bank wire, facsimile, facsimile
transmission, email or similar writing) and shall be given to such party: (i) in the case of the Borrower, the Services Provider, the Administrative Agent, the Collateral Agent, the Collateral Administrator, the Custodian or the Document
Custodian, at its address, facsimile number and/or email address set forth on the signature pages hereof, (ii)(A) in the case of any of the Initial Lenders, at its address, facsimile number and/or email address set forth on the signature pages
hereof and (B) in the case of any other Lender, at its address, facsimile number and/or email address set forth in its Administrative Questionnaire (which notices shall be solely by facsimile or email if so indicated therein), (iii) in the
case of S&P, (A) any credit estimate related notifications/requests should be sent to by email to creditestimates@spglobal.com; (B) any S&P CDO Monitor requests should be sent by email to CDOMonitor@spglobal.com and (C) any
other requests should be sent by email to cdo_surveillance@spglobal.com or (iv) in the case of any party, such other address, facsimile number and/or email address as such party may hereafter specify for such purpose by notice to the
Administrative Agent, the Collateral Agent and the Borrower. Each such notice, request or other communication shall be effective (w) if given by facsimile, when such facsimile is transmitted to the facsimile number specified in this
Section 12.1 and the appropriate answerback is received, (x) if given by certified or registered mail, upon delivery, (y) if given by recognized courier guaranteeing overnight delivery, one Business Day after such
communication is delivered to such courier or (z) if given by any other means, when delivered at the address or email address specified in this Section 12.1; provided that notices to the Administrative Agent under
Article XI or to the Collateral Agent under Article VIII shall not be effective until received. 

The Collateral Agent agrees to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured email, facsimile
transmission or other similar unsecured electronic methods; provided that any person providing such instructions or directions shall provide to the Collateral Agent an incumbency certificate listing persons designated to provide such
instructions or directions, which incumbency certificate shall be amended whenever a person is added or deleted from the listing. If such person elects to give the Collateral Agent email or facsimile instructions (or instructions by a similar
electronic method) and the Collateral Agent in its discretion elects to act upon such instructions, the Collateral Agent’s reasonable understanding of such instructions shall be deemed controlling. The Collateral Agent shall not be liable for
any losses, costs or expenses arising directly or indirectly from the Collateral Agent’s reliance upon and compliance with such instructions notwithstanding such instructions conflicting 

  
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with or being inconsistent with a subsequent written instruction. Any person providing such instructions acknowledges and agrees that there may be more secure methods of transmitting such
instructions than the method(s) selected by it and agrees that the security procedures (if any) to be followed in connection with its transmission of such instructions provide to it a commercially reasonable degree of protection in light of its
particular needs and circumstances. 
 Section 12.2 No Waivers. 

No failure or delay by either Agent, any Lender or the Borrower in exercising any right, power or privilege hereunder or under any Note shall
operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not
exclusive of any rights or remedies provided by law. 
 Section 12.3 Expenses; Indemnification. 

(a) The Borrower shall pay (i) all reasonable and documented
out-of-pocket expenses of the Agents, the Custodian, the Document Custodian, the Securities Intermediary and each Lender, including, without limitation, reasonable and
documented fees and disbursements of counsel in connection with the preparation, syndications and administration of this Agreement, the Loan Documents and any documents and instruments referred to therein, and further modifications or syndications
of the Loans in connection therewith, the administration of the Loans, any waiver or consent hereunder or any amendment or modification hereof or any Default; and (ii) all reasonable and documented out-of-pocket expenses incurred by any Agent and any Lender, including reasonable and documented fees and disbursements of counsel for each Agent, in connection with the enforcement of the Loan Documents and
the instruments referred to therein and such collection, bankruptcy, insolvency and other enforcement proceedings resulting therefrom. 

(b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Collateral Administrator, the Custodian, the Document
Custodian, the Securities Intermediary and each Lender, their respective affiliates and the respective directors, officers, agents and employees of the foregoing (each, an “Indemnitee”) and hold each Indemnitee harmless from and
against any and all liabilities, losses, damages, costs and expenses of any kind, including, without limitation, the reasonable and documented fees and disbursements of counsel for each Agent, which may be incurred by such Indemnitee in connection
with any investigative, administrative or judicial proceeding (whether or not such Indemnitee shall be designated a party thereto) that may at any time (including, without limitation, at any time following the payment of the Obligations) be imposed
on, asserted against or incurred by any Indemnitee as a result of, or arising out of, or in any way related to or by reason of, (i) any of the transactions contemplated by the Loan Documents or the execution, delivery or performance of any Loan
Document, (ii) the grant to the Collateral Agent, the Lenders of any Lien, on the Collateral, (iii) the exercise by the Administrative Agent, the Collateral Agent, the Lenders or of their rights and remedies (including, without limitation,
foreclosure) under any agreements creating any such Lien, (iv) the failure of the Collateral Agent to have a valid and perfected Lien on any Collateral, (v) a breach by the Borrower of any representation, warranty or covenant contained in
any Loan Document or any document relating to any Collateral or (vi) any loss arising from any action or inaction of the 

  
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Borrower or any of its Affiliates regarding the administration of any Collateral or otherwise relating to such Collateral (other than an Obligor’s financial inability to make payments with
respect to any such Collateral) but excluding, in each case, as to any Indemnitee, any such losses, liabilities, damages, expenses or costs incurred by reason of the bad faith, gross negligence or willful misconduct by such Indemnitee with respect
to its obligations under this Agreement as finally determined by a court of competent jurisdiction in a final and nonappealable decision. The Borrower’s obligations under this Section 12.3 shall survive the termination
of this Agreement and the payment of the Obligations and the resignation or removal of an Agent. For the sake of clarity, this Section 12.3(b) apply with respect to Taxes, other than any Taxes that represent losses, claims,
damages, etc. arising from any non-Tax claim. 
 Section 12.4 Sharing of Set-Offs. 
 In addition to any rights now or hereafter granted under Applicable Law or otherwise, and
not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default, each Lender is hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind
to the Borrower or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and apply any and all deposits (general or special, time or demand, provisional or final) and any other Indebtedness at any time
held or owing by such Lender (including, without limitation, by branches and agencies of such Lender wherever located) to or for the credit or the account of the Borrower against and on account of the Obligations of the Borrower then due and payable
to such Lender under this Agreement or under any of the other Loan Documents, including, without limitation, all interests in Obligations purchased by such Lender. 

Each Lender agrees that if it shall, by exercising any right of set-off or counterclaim or otherwise,
receive payment of a proportion of the aggregate amount of principal, interest, fees and other amounts due with respect to any Loan held by it which is greater than the proportion received by any other Lender in respect of the aggregate amount of
principal, interest, fees and other amounts due with respect to the Loans held by such other Lender, the Lender receiving such proportionately greater payment shall purchase such participations in the Loans held by the other Lenders, and such other
adjustments shall be made, as may be required so that all such payments of principal, interest, fees and other amounts with respect to the Loans held by the Lenders shall be shared by the Lenders pro rata; provided that nothing in this
Section 12.4 shall impair the right of any Lender to exercise any right of set-off or counterclaim it may have and to apply the amount subject to such exercise to the payment of
Indebtedness of the Borrower other than its Indebtedness under the Loans. The Borrower agrees, to the fullest extent it may effectively do so under Applicable Law, that any holder of a participation in a Loan, whether or not acquired pursuant to the
foregoing arrangements, may exercise rights of set-off or counterclaim and other rights with respect to such participation as fully as if such holder of a participation were a direct creditor of the Borrower
in the amount of such participation. Notwithstanding anything to the contrary contained herein, any Lender may, by separate agreement with the Borrower, waive its right to set off contained herein or granted by law and any such written waiver shall
be effective against such Lender under this Section 12.4. For the avoidance of doubt, for purposes of this Section 12.4, a pro rata allocation will mean an allocation of the amount received
by such set-off or counterclaim and other rights as if such amount had been applied as a prepayment of the Loans under Section 2.7. 

  
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 Section 12.5 Amendments and Waivers. 

(a) Any provision of this Agreement, the Notes or any other Loan Document may be amended or waived but only if any such amendment or waiver is
in writing and is signed by the Borrower and the Majority Lenders (and, if the rights, protections, indemnities or duties of the Administrative Agent and/or the Collateral Agent are affected thereby, by the Administrative Agent and/or the Collateral
Agent, as the case may be); provided that: 
 (i) no such amendment or waiver shall, unless signed by all the
(1) Lenders, extend the Stated Maturity; (2) Revolving Lenders, increase or decrease the Revolving Commitment of any Revolving Lender or subject any Revolving Lender to any additional obligation; (3) Revolving Lenders, change the
Percentage Share of the Revolving Commitments allocable to any Revolving Lender; (4) Term Lenders, increase or decrease the Term Commitment of any Term Lender or subject any Term Lender to any additional obligation; (4) Term Lenders,
change the Percentage Share of the Term Commitments allocable to any Term Lender; (5) Lenders, change the Percentage Share of the aggregate unpaid principal amount of the Loans, or the number of Lenders, which shall be required for the Lenders
or any of them to take any action under this Section 12.5 or any other provision of this Agreement; (6) Lenders, release any Collateral except as expressly provided in this Agreement or the other Loan Documents; or
(7) Lenders, alter the terms of Section 2.6, Section 2.7, Section 2.10, Section 6.4, Section 9.1 or this
Section 12.5 (or any defined term as it is used therein or any other pro rata sharing terms contained herein) in a manner adverse to the interests of any Lender; 

(ii) no such amendment or waiver shall, unless signed by all Lenders affected thereby, postpone, delay or extend the date fixed
for any payment of principal of or interest on any Loan or any fees or other amounts hereunder or for any increase, reduction or termination (or period of time with respect to the termination) of any Commitment; 

(iii) no such amendment or waiver shall, unless signed by the applicable Lender, reduce the principal of or rate of interest on
any Loan held by such Lender or any fees or indemnities payable for the account of such Lender; provided that the foregoing shall not apply to the rescission of interest accruing at the Post-Default
Rate, which may be rescinded only by the Majority Lenders in writing; 
 (iv) to the extent an amendment or waiver of any
provision of this Agreement directly affects only the Revolving Lenders, then such amendment, modification or waiver shall be effective with the written consent of the Majority Revolving Lenders; 

(v) no such amendment or waiver shall, unless signed by each of the Lenders, consent to the Borrower’s assignment or
transfer of any of its rights or obligations under this Agreement or any other Loan Document; and 
 (vi) subject to
Section 5.41, no such amendment or waiver that constitutes a Fundamental Amendment shall be effective without the prior written consent of (i) during the Reinvestment Period, all Lenders other than Lenders whose
Commitment is less than $75,000,000 (provided that if a Lender had or would have had a Commitment of equal to 

  
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or more than $75,000,000 if such Commitment had not been reduced per Section 2.7, consent of such Lender shall be required) and (ii) after the Reinvestment Period,
all Lenders other than Lenders whose Commitment is less than $75,000,000 as of the last date of the Reinvestment Period (provided that if a Lender had or would have had a Commitment of equal to or more than $75,000,000 if such Commitment had not
been reduced per Section 2.7, consent of such Lender shall be required). 
 (b) In addition to the requirements of
clause (a) above, in connection with any proposed amendment or waiver of this Agreement or any other Loan Document pursuant to this Section 12.5, either (1) such proposed amendment or waiver will be effective only
upon satisfaction of the Rating Condition or the consent of the Majority Lenders or (2) if, in the Borrower’s reasonable determination, such proposed amendment or waiver does not have a reasonable likelihood of being adverse to the
interests of any Lender, then the Borrower shall, not later than ten Business Days prior to the execution of such proposed amendment or waiver, deliver to each of the Lenders a copy of such proposed amendment or waiver; provided, in the case
of the foregoing clause (2), if any Lender notifies the Borrower prior to the execution of such proposed amendment or waiver that, based on its reasonable determination such proposed amendment or waiver could adversely affect the interests of
any Lender, such proposed amendment or waiver will be effective only upon satisfaction of the Rating Condition or the consent of the Majority Lenders. 

(c) The Borrower shall, promptly following the execution of any amendment, waiver or supplement to any Loan Document, provide copies thereof
to each Lender, the Administrative Agent, the Collateral Agent. 
 (d) The Borrower shall use commercially reasonable efforts to provide the
applicable Rating Agency advance notice and drafts of any proposed amendments to any Loan Documents that it intends to enter into after the Closing Date. The Borrower shall promptly following the execution of any amendment or supplement to any Loan
Document provide copies thereof to the applicable Rating Agency. 
 (e) The Administrative Agent does not warrant or accept any
responsibility for, and shall not have any liability with respect to, the administration, submission, performance related to Alternate Base Rate, Term SOFR, Benchmark, or with respect to any alternative or successor rate thereto, or replacement rate
thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate
being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The Administrative Agent and its affiliates and/or other related entities may engage in transactions that affect the
calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark replacement referred to in the definition of Benchmark herein) and/or any relevant adjustments thereto, in each case,
in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition
thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or
consequential 

  
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damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any
such information source or service so long as the rate (or component thereof) used by the Administrative Agent in connection therewith is consistent with the such rate (or component thereof) provided by any such information source or service. 

Section 12.6 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns, except that the Borrower may not assign or otherwise transfer any of its rights or obligations under this Agreement or the other Loan Documents without the prior written consent of each of the Lenders except as permitted by this Agreement.

 (b) (i) Any Lender may at any time grant to one or more banks, commercial paper conduits or other institutions (each, a
“Participant”) participating interests in any or all of its Loans; provided that each such Participant represents in writing to such Lender that it (and each account for which it is acquiring such participating interest) is a
“qualified purchaser” for purposes of Section 3(c)(7) of the Investment Company Act. In the event of any such grant by a Lender of a participating interest to a Participant, whether or not upon notice to the Borrower and the
Administrative Agent, such Lender shall remain responsible for the performance of its obligations hereunder, and the Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. An assignment or other transfer which is not permitted by subsection (c) or (d) below shall be given effect for purposes of this Agreement only to the extent of a participating
interest granted in accordance with this subsection (b). 
 (ii) In the event any Lender sells a participation in any or
all of its Loans hereunder, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 11.3 and 11.4 (subject to the requirements and limitations therein, including the requirements under
Section 11.3(g) (it being understood that the documentation required under Section 11.3(g) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (c) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 11.4(c) as if it were an assignee under
paragraph (c) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 11.3 or 11.4, with respect to any participation, than its participating Lender would have been
entitled to receive, except to the extent such entitlement to receive a greater payment results from a change in law that occurs after such Participant acquired the applicable interest. Each Lender that sells a participation agrees, at the
Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 11.5(b) with respect to any Participant. 

(iii) In the event that any Lender sells participations in any or all of its Loans hereunder, such Lender shall, acting solely
for this purposes as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of all Participants in the Loans held by it and the principal amount of (and stated
interest thereon) the portion of 

  
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the Loans which is the subject of the participation (the “Participant Register”). A Loan may be participated in whole or in part only by registration of such participation on the
Participant Register. Any participation of such Loan may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any Loans or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such Loan or other obligation is in registered form under Section 5f.103-1(c) or proposed Section 1.163-5(b) of the United States Treasury Regulations (or
any amended or successor version). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for
all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(c) (i) With the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld) and the Borrower
(provided that such consent will not be required for an assignment to any existing Lender or Affiliate of a Lender or any assignment during the existence of an Event of Default), any Lender may at any time assign to one or more banks or other
financial institutions (each, an “Assignee”) all or any portion of its rights and obligations under this Agreement, the Notes and the other Loan Documents, and such Assignee shall assume such rights and obligations, pursuant to an
Assignment and Assumption executed by such Assignee and such transferor Lender; provided that such assignment is in an amount which is at least $10,000,000 or a multiple of $1,000,000 in excess thereof (or the remainder of such
Lender’s Loans). 
 (ii) Upon execution and delivery of such instrument and payment by such Assignee to such transferor
Lender of an amount equal to the purchase price agreed between such transferor Lender and such Assignee, such Assignee shall be a party to this Agreement and shall have all the rights, protections and obligations of a Lender with Commitments as set
forth in such instrument of assumption, and the transferor Lender shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any assignment
pursuant to this subsection (c), the transferor Lender, the Administrative Agent and the Borrower shall make appropriate arrangements so that, if required, a new Note is issued to the Assignee. In connection with any such assignment, the
transferor Lender shall pay to the Administrative Agent an administrative fee for processing such assignment in the amount of $3,500 (unless such fee is waived by the Administrative Agent). Each Assignee shall deliver to the Borrower and the
Administrative Agent an Administrative Questionnaire and a properly completed and duly executed IRS Form W-9 (or other applicable tax form) and any documentation and other information reasonably requested in
connection with applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 

(d) Any Lender may at any time assign all or any portion of its rights under this Agreement and its Note to a Federal Reserve Bank. No such
assignment shall release the transferor Lender from its obligations hereunder. Promptly upon being notified in writing of such transfer, the Administrative Agent shall notify the Borrower thereof. 

  
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 (e) Reserved. 

(f) The Administrative Agent, acting as non-fiduciary agent (solely for this purpose) of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders, and the Commitments of, and the principal
amount of (and stated interest thereon) the Loans owing to each Lender from time to time. The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Agents and the Lenders shall treat each Person whose name is
recorded in the Register as the owner of a Loan or Note hereunder as the owner thereof for all purposes of this Agreement, notwithstanding any notice to the contrary. Any assignment of any Loan or Note hereunder shall be effective only upon
appropriate entries with respect thereto being made in the Register. If any assignment or transfer of all or any part of a Loan that is then evidenced by a Note is made, such assignment or transfer shall be registered on the Register only upon
surrender for registration of assignment or transfer of the related Note, duly endorsed by (or accompanied by a written instrument of assignment or transfer duly executed by) the holder thereof, and thereupon one or more new Note(s) in the same
aggregate principal amount shall be issued to the designated Assignee(s) (and, if applicable, assignor) and the old Note shall be returned to the Borrower marked “cancelled”. The Register shall be available for inspection by the Borrower
or any Lender at any reasonable time and from time to time upon reasonable prior written notice. The Administrative Agent shall provide to the Collateral Agent from time to time at the written request of the Collateral Agent information related to
the Lenders (including, without limitation, all wire instructions and other information necessary for distributions to the Lenders hereunder). 

Section 12.7 Collateral; QP Status. 

Each of the Lenders represents to the Administrative Agent, the Collateral Agent, each of the other Lenders, and the Borrower that (i) it
(and each account for which it is acquiring a Loan) is a “qualified purchaser” for purposes of Section 3(c)(7) of the Investment Company Act and (ii) it in good faith (and in reliance on the accuracy as to factual matters of the
representations contained in the first two sentences of Section 4.10) is not relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement. For the avoidance of
doubt, the parties hereunder intend that the advances made pursuant to this Agreement constitute loans and not securities. 

Section 12.8 Governing Law; Submission to Jurisdiction. 

(a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN
ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

  
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 (b) Any legal action or proceeding with respect to this Agreement or any other Loan Document
and any action for enforcement of any judgment in respect thereof may be brought in the courts of the State of New York sitting in the Borough of Manhattan or of the United States of America for the Southern District of New York, and, by execution
and delivery of this Agreement, each party hereto hereby accepts for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts and appellate
courts from any thereof. Each party hereto irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the hand delivery, or mailing of copies thereof by registered or certified mail,
postage prepaid, to each party hereto at its respective address on the signature pages hereto. Each party hereto hereby irrevocably waives, to the extent permitted by Applicable Law, any objection which it may now or hereafter have to the laying of
venue of any of the aforesaid actions or proceedings arising out of or in connection with this Agreement or any other Loan Document brought in the courts referred to above and hereby further irrevocably waives, to the extent permitted by Applicable
Law, and agrees not to plead or claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. Nothing herein shall affect the right of either Agent, any Lender, any holder of a Note
to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against the Borrower in any other jurisdiction. 

Section 12.9 Marshalling; Recapture. 

Neither the Administrative Agent, the Collateral Agent nor any Lender shall be under any obligation to marshal any assets in favor of the
Borrower or any other party or against or in payment of any or all of the Obligations. To the extent any Lender receives any payment by or on behalf of the Borrower, which payment or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to the Borrower or its estate, trustee, receiver, custodian or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then to the extent of such
payment or repayment, the Obligation or part thereof which has been paid, reduced or satisfied by the amount so repaid shall be reinstated by the amount so repaid and shall be included within the liabilities of the Borrower to such Lender, as of the
date such initial payment, reduction or satisfaction occurred. 
 Section 12.10 Counterparts; Integration; Effectiveness. 

This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject
matter hereof. This Agreement shall become effective upon receipt by the Administrative Agent of counterparts hereof signed by each of the parties hereto (which counterparts may be delivered by facsimile, email or other electronic transmission). The
parties agree that this Agreement may be electronically or digitally signed and that such electronic or digital signatures appearing on this Agreement are the same, and just as effective, as handwritten signatures for purposes of validity,
enforceability, admissibility or otherwise. 
 Section 12.11 Waiver of Jury Trial. 

TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE BORROWER, THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT AND THE LENDERS HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
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 Section 12.12 Survival. 

All indemnities set forth herein shall survive the execution and delivery of this Agreement and the other Loan Documents, any assignment
pursuant to Section 12.6 and the making and repayment of the Loans hereunder. 
 Section 12.13 Domicile of
Loans. 
 Each Lender may transfer and carry its Loans at, to or for the account of any domestic or foreign branch office, subsidiary or
affiliate of such Lender. 
 Section 12.14 Limitation of Liability. 

No claim may be made by the Borrower, the Services Provider or any other Person against the Administrative Agent, the Collateral Agent or any
Lender or the affiliates, directors, officers, employees, attorneys or agents of any of them for any consequential or punitive damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the
transactions contemplated by this Agreement or by the other Loan Documents, or any act, omission or event occurring in connection therewith; and each of the Borrower and the Services Provider hereby waives, releases and agrees not to sue upon any
claim for any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 
 Section 12.15
Recourse; Non-Petition. 
 (a) All obligations, covenants and agreements of Borrower
contained in or evidenced by this Agreement, the Notes and any Loan Document shall be fully recourse to the Borrower and each and every asset of Borrower. Notwithstanding the foregoing, no recourse under or upon any obligation, covenant, or
agreement contained in this Agreement, the Notes or any Loan Document shall be had against any officer, director, limited liability company manager, limited partner, member, agent or employee (solely by virtue of such capacity) of the Borrower (a
“Non-Recourse Party”) and no such Non-Recourse Party shall be personally liable for payment of the Loans or other amounts due in respect thereof
(all such liability being expressly waived and released by each Lender and the Agents). 
 (b) Each Lender and each Agent (other than the
Collateral Agent) hereby agrees that it will not institute against the Borrower any proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’
rights, present a petition for the winding-up or liquidation of the Borrower or seek the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar
official for the Borrower or for all or substantially all of the assets of the Borrower prior to the date that is one year and one day (or, if longer, the applicable preference period then in effect) after the payment in full of all Obligations and
any securities issued by the Borrower that refinance any of the Obligations. In the event that, notwithstanding the provisions of this Agreement and the other Loan Documents relating to
“non-petition” of the Borrower, the 

  
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Borrower becomes a debtor in a bankruptcy case by the involuntary petition of any other Person, of the Borrower hereby covenants to contest any such petition to the fullest extent permitted by
law. The obligations under this Section 12.15(b) shall survive the termination of this Agreement and the payment of the Obligations. 

Section 12.16 Confidentiality. 

(a) Each of the Lenders and the Agents agrees that it shall maintain confidentiality with regard to nonpublic information concerning the
Borrower, the Collateral Loans, any Obligor, the Retention Holder or the Services Provider obtained pursuant to or in connection with this Agreement or any other Loan Document; provided that the Lenders and the Agents shall not be precluded
from making disclosure regarding such information: (i) to the Lenders’ and Agents’ counsel, accountants and other professional advisors (it being understood that the Persons to which such disclosure is made will be informed of the
confidential nature of such information and instructed to keep such information confidential); (ii) to officers, directors, employees, examiners, agents and partners of each Lender and the Agents and their Affiliates who need to know such
information in accordance with customary practices for Lenders of such type (it being understood that the Persons to which such disclosure is made will be informed of the confidential nature of such information and instructed to keep such
information confidential); (iii) in response to a subpoena or order of a court or governmental agency or regulatory authority (including bank examiners); (iv) to any entity participating or considering participating in any credit made
under this Agreement, (provided that the Lenders and Agents shall require that any such entity agree in writing to be subject to this Section 12.16, however, the Lenders and Agents shall have no duty to monitor any
participating entity and shall have no liability in the event that any participating entity violates this Section 12.16); (v) as required by law or legal process, GAAP or applicable regulation; (vi) as reasonably
necessary in connection with the exercise of any remedy hereunder or under any other Loan Document to the extent the Person that receives such information agrees in writing to be subject to this Section 12.16; (vii) to
any Rating Agency then rating the Loans or any Conduit Rating Agency; or (viii) to the extent required by a potential or actual insurer or reinsurer in connection with providing insurance, reinsurance or credit risk mitigation coverage under
which payments are to be made or may be made by reference to this Agreement. In connection with enforcing its rights pursuant to this Section 12.16, the Borrower shall be entitled to the equitable remedies of specific
performance and injunctive relief against the Agents, any Lender or any subsequent party that agrees to be bound hereto which shall breach the confidentiality provisions of this Section 12.16. 

(b) Notwithstanding any contrary agreement or understanding, the Services Provider, the Borrower, the Agents and the Lenders (and each of
their respective employees, representatives or other agents) may disclose to any and all Persons the tax treatment and tax structure of the transactions contemplated by this Agreement (and, for the avoidance of doubt, only those transactions
contemplated by this Agreement) and all materials of any kind (including opinions or other tax analyses) that are provided to them relating to such tax treatment and tax structure. The foregoing provision shall apply from the beginning of
discussions between the parties hereto. For this purpose, the tax treatment of a transaction is the purported or claimed U.S. tax treatment of the transaction under applicable U.S. federal, state or local law, and the tax structure of a transaction
is any fact that may be relevant to understanding the purported or claimed U.S. tax treatment of the transaction under applicable U.S. federal, state or local law. 

  
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 (c) The Borrower hereby acknowledges that the Administrative Agent may, but shall not be
obligated to, make available to the Lenders materials and/or information provided by or on behalf of Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on DebtDomain, IntraLinks, Syndtrak or
another similar electronic system (the “Platform”). The Borrower may in its discretion clearly and conspicuously mark certain Borrower Materials “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC”
shall appear prominently on the first page thereof. By marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any
material nonpublic information with respect to the Borrower or its securities for purposes of United States Federal and state securities laws. All Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of
the Platform designated for “Public Side Information.” The Administrative Agent shall treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform designated for
“Private Side Information.” 
 Section 12.17 [Reserved]. 

Section 12.18 Direction of Collateral Agent. 

By executing this Agreement, each Lender hereby consents to the terms of this Agreement and to the Collateral Agent’s execution and
delivery of this Agreement and the other Loan Documents to which it is a party, and acknowledges and agrees that the Collateral Agent shall be fully protected in relying upon the foregoing consent and direction and hereby releases the Collateral
Agent and its respective officers, directors, agents, employees and shareholders, as applicable, from any liability for complying with such direction, except as a result of the bad faith, gross negligence or willful misconduct of the Collateral
Agent. 
 Section 12.19 Borrowings/Loans Made in the Ordinary Course of Business. 

The Borrower represents, warrants and covenants that each payment by the Borrower under this Agreement will have been made (i) in payment
of a debt or other obligation incurred by the Borrower hereunder or under any other Loan Document and (ii) in the ordinary course of business or financial affairs of the Borrower. 

Section 12.20 Acknowledgement and Consent to Bail-In of Affected Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any
Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected Financial Institution; and 

  
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 (b) the effects of any Bail-In Action on any such
liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 
 Section 12.21
PATRIOT Act. 
 Each Lender that is subject to the requirements of the PATRIOT Act notifies the Borrower that, pursuant to the
requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the
Borrower in accordance with the PATRIOT Act. 
 Section 12.22 Severability. 

If any provision of this Agreement is held to be illegal, invalid, or unenforceable under present or future laws effective during the term of
this Agreement, such provision shall be fully severable and this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this Agreement, and the remaining provisions of this
Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement, unless such continued effectiveness of this Agreement, as modified, would be
contrary to the basic understandings and intentions of the parties as expressed herein. If any provision of this Agreement shall conflict with or be inconsistent with any provision of any of the other Loan Documents, then the terms, conditions and
provisions of this Agreement shall prevail. 
 Section 12.23 Electronic Signatures. 

By executing this Agreement, the parties hereto hereby acknowledge and agree, and direct the Collateral Agent and the Custodian to acknowledge
and agree and the Collateral Agent and the Custodian do hereby acknowledge and agree, that execution of this Agreement, any Borrower Order and any other instruction, direction, notice, form or other document executed by the any party to this
Agreement or the Loan Documents in connection with this Agreement or such other Loan Documents, by electronic signatures (whether by Adobe Fill & Sign, Adobe Sign, DocuSign, or any other similar platform identified by such party and
reasonably available at no undue burden or expense to the Collateral Agent and the Custodian) shall be permitted hereunder notwithstanding anything to the contrary herein and such electronic signatures shall be legally binding as if such electronic
signatures were handwritten signatures. Any electronically signed document delivered via email from a person purporting to be an Authorized Officer shall be considered signed or executed by such Authorized Officer on such party’s behalf. The
parties hereto also hereby acknowledge and agree that the Collateral Agent and the Custodian shall have no duty to inquire into or investigate the authenticity or authorization of any such electronic signature and shall be entitled to conclusively
rely on any such electronic signature without any liability with respect thereto. 

  
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 ARTICLE XIII 

ASSIGNMENT OF CORPORATE SERVICES AGREEMENT AND SALE AND 

CONTRIBUTION AGREEMENT 

Section 13.1 Assignment of Corporate Services Agreement and Sale and Contribution Agreement. 

(a) The Borrower hereby acknowledges that its Grant pursuant to the Granting Clause hereof includes all of the Borrower’s estate, right,
title and interest in, to and under the Corporate Services Agreement and the Sale and Contribution Agreement including (i) the right to give all notices, consents and releases thereunder, (ii) the right to take any legal action upon the
breach of an obligation of the Services Provider under the Sale and Contribution Agreement or the Seller under the Sale and Contribution Agreement, including the commencement, conduct and consummation of proceedings at law or in equity,
(iii) the right to receive all notices, accountings, consents, releases and statements thereunder and (iv) the right to do any and all other things whatsoever that the Borrower is or may be entitled to do thereunder; provided that
notwithstanding anything herein to the contrary, the Agents shall not have the authority to exercise any of the rights set forth in (i) through (iv) above or that may otherwise arise as a result of the Grant until the occurrence of an Event of
Default hereunder and such authority shall terminate at such time, if any, as such Event of Default is cured or waived (so long as the exercise of remedies has not commenced or such Event of Default has been waived following the commencement of the
exercise of remedies). 
 (b) The assignment made hereby is executed as collateral security, and the execution and delivery hereby shall not
in any way impair or diminish the obligations of the Borrower under the provisions of the Corporate Services Agreement, Sale and Contribution Agreement or the other documents referred to in clause (a) above, nor shall any of the obligations
contained in Corporate Services Agreement, or such other documents be imposed on the Agents. 
 (c) Upon the occurrence of the Stated
Maturity (or, if earlier, the payment in full of all of the Obligations), the payment of all amounts required to be paid pursuant to the Priority of Payments and the release of the Collateral from the lien of this Agreement, this assignment and all
rights herein assigned to the Collateral Agent for the benefit of the Lenders shall cease and terminate and all the estate, right, title and interest of the Collateral Agent in, to and under the Corporate Services Agreement, the Sale and
Contribution Agreement and the other documents referred to in this Section 13.1 shall revert to the Borrower and no further instrument or act shall be necessary to evidence such termination and reversion. 

(d) The Borrower represents that it has not executed any other assignment of the Corporate Services Agreement or the Sale and Contribution
Agreement. 

  
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 (e) The Borrower agrees that this assignment is irrevocable until the Obligations have been
repaid in full, and that it will not take any action which is inconsistent with this assignment or make any other assignment inconsistent herewith. The Borrower will, from time to time, execute all instruments of further assurance and all such
supplemental instruments with respect to this assignment as may be necessary to continue and maintain the effectiveness of such assignment. 

(f) The Borrower hereby agrees, and hereby undertakes to obtain the agreement and consent of the Services Provider in the Corporate Services
Agreement and, as applicable, the Seller in the Sale and Contribution Agreement, to the following: 
 (i) The Services
Provider shall consent to the provisions of this assignment and agree to perform any provisions of this Agreement applicable to the Services Provider subject to the terms of the Corporate Services Agreement, and the Seller shall consent to the
provisions of this assignment and agree to perform any provisions of this Agreement applicable to the Seller subject to the terms of the Sale and Contribution Agreement. 

(ii) The Services Provider shall acknowledge that the Borrower is collaterally assigning all of its right, title and interest
in, to and under the Corporate Services Agreement to the Collateral Agent for the benefit of the Secured Parties, and the Seller shall acknowledge that the Borrower is collaterally assigning all of its right, title and interest in, to and under the
Sale and Contribution Agreement to the Collateral Agent for the benefit of the Secured Parties, in each case subject to the proviso in Section 13.1(a). 

(iii) The Services Provider shall deliver to the Agents copies of all notices, statements, communications and instruments
delivered or required to be delivered by the Services Provider to the Borrower pursuant to the Corporate Services Agreement, and the Seller shall deliver to the Agents copies of all notices, statements communications and instruments delivered or
required to be delivered by the Seller to the Borrower pursuant to the Sale and Contribution Agreement. 
 (iv) Neither the
Borrower nor the Services Provider will enter into any agreement amending, modifying or terminating the Corporate Services Agreement without complying with the applicable terms thereof, and neither the Borrower nor the Seller will enter into any
agreement amending, modifying or terminating the Sale and Contribution Agreement without complying with the applicable terms thereof. 

(v) Both the Services Provider and the Seller agree not to cause the filing of a petition in bankruptcy against the Borrower
for the nonpayment of the fees or other amounts payable by the Borrower to the Services Provider under the Corporate Services Agreement or to the Seller under the Sale and Contribution Agreement, as applicable, until the payment in full of all of
the Obligations and the expiration of a period equal to one year and a day, or, if longer, the applicable preference period, following such payment. Nothing in this Section 13.1 shall preclude, or be deemed to stop, the
Services Provider or the Seller (i) from taking any action prior to the expiration of the aforementioned period in (A) any case or Proceeding voluntarily filed or commenced by the Borrower or (B) any involuntary insolvency Proceeding
filed or commenced by a Person other than the Services Provider, the Seller or any of their respective Affiliates or (ii) from commencing against the Borrower or any of its properties any legal action which is not a bankruptcy, reorganization,
arrangement, insolvency, moratorium or liquidation proceeding. 

  
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 (vi) In exercising its discretion under the Loan Documents, the Services
Provider shall, and shall ensure that the Parent’s investment advisor will, act in accordance with their generally applicable policies regarding conflicts of interest. 

ARTICLE XIV 
 THE
DOCUMENT CUSTODIAN 
 Section 14.1 The Document Custodian. 

(a) Appointment. Alter Domus (US) LLC is hereby appointed as Document Custodian in accordance for the terms herein. The Document
Custodian hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein for the benefit of the Secured Parties until its removal or resignation as Document Custodian pursuant to the terms
hereof. The Administrative Agent hereby designates and appoints the Document Custodian to act as its agent and hereby authorizes the Document Custodian to take such actions on its behalf and to exercise such powers and perform such duties as are
expressly granted to the Document Custodian by this Agreement. The rights, protections, immunities and indemnities afforded to the Collateral Agent under this Agreement shall also be afforded to the Document Custodian. 

(b) Delivery of Related Contracts. In connection with each Collateral Loan included in the Collateral as of the Closing Date, and
promptly following the acquisition of a Collateral Loan after the date hereof, the Borrower shall deliver, or cause to be delivered, to the Document Custodian the Related Contracts in respect of each Collateral Loan in physical or electronic form,
as applicable; provided that for the avoidance of doubt, any Related Contracts which constitute securities required to be delivered by the Borrower under Section 8.7(b) or (c) shall be delivered to the
Custodian in accordance with such Section. In connection with delivery of any Related Contracts to the Document Custodian for any Collateral Loan, the Borrower (or the Services Provider on behalf of the Borrower) shall deliver a Document Checklist
(or, if applicable, an updated Document Checklist) for such Collateral Loan. All Related Contracts that are delivered to the Document Custodian shall be delivered to the Document Custodian at its document custody office located at Alter Domus (US)
LLC, 225 W. Washington St., 9th Floor, Chicago, IL 60606, Attention: Doc Custody and Legal Department, or at such other office as shall be specified to the Borrower, the Services Provider, the Collateral Agent and the Administrative Agent by the
Document Custodian in a written notice prior to such change (such office, the “Document Custodian Office”). The Document Custodian shall have no obligation to review or monitor any Related Contracts but shall only be required to
hold those Related Contracts received by it in safekeeping. 

  
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 (c) Duties. From the Closing Date until its resignation or removal pursuant to
Section 14.9, the Document Custodian shall perform the following duties and obligations: 
 (i) The
Document Custodian shall accept delivery and retain custody of the Related Contracts listed on the related Document Checklist delivered by the Borrower pursuant to clause (b) above in accordance with the terms and conditions of this Agreement,
all for the benefit of the Secured Parties. All Related Contracts shall be kept in fire resistant vaults, rooms or cabinets at the Document Custodian Office. All Related Contracts shall be placed together with an appropriate identifying label and
maintained in such a manner so as to permit retrieval and access. The Document Custodian shall segregate the Related Contracts on its inventory system and will not commingle the physical Related Contracts with any other files of the Document
Custodian other than those, if any, relating to the Borrower and its subsidiaries. 
 (ii) In taking and retaining custody of
the Related Contracts, the Document Custodian shall be deemed to be acting as the agent of the Secured Parties; provided that, the Document Custodian makes no representations as to the existence, perfection, enforceability or priority of any
Lien on the Related Contracts or the instruments therein or as to the adequacy or sufficiency of such Related Contracts; provided further that the Document Custodian’s duties shall be limited to those expressly contemplated
herein. 
 (iii) On and after the Closing Date, the Document Custodian shall provide the Collateral Agent, the Administrative
Agent, the Borrower and the Services Provider access to an electronic database maintained by the Document Custodian, which such database shall identify the Related Contracts delivered to the Document Custodian per the Document Checklist. 

(iv) Notwithstanding any provision to the contrary elsewhere in the Loan Documents, the Document Custodian shall not have or be
deemed to have any fiduciary relationship with any party hereto or any Secured Party in its capacity as such, and no implied covenants, functions, obligations or responsibilities shall be read into this Agreement, the other Loan Documents or
otherwise exist against the Document Custodian. Without limiting the generality of the foregoing, it is hereby expressly agreed and stipulated by the other parties hereto that the Document Custodian shall not be required to exercise any discretion
hereunder and shall have no investment or management responsibility. The Document Custodian shall not be deemed to assume any obligations or liabilities of the Borrower, the Administrative Agent or Collateral Agent hereunder or under any other Loan
Document. 
 (v) After the occurrence and during the continuance of an Event of Default, the Document Custodian agrees to
cooperate with the Collateral Agent (acting at the direction of the Majority Lenders) and promptly deliver any Related Contracts to the Collateral Agent as requested in order to take any action that the Majority Lenders deem necessary or desirable
in order for the Collateral Agent to perfect, protect or more fully evidence the security interests granted by the Borrower hereunder, or to enable any of them to exercise or enforce any of their respective rights hereunder. In the event the
Document Custodian receives instructions from the Services Provider or the Borrower which conflict with any instructions received from the Collateral Agent (acting at the direction of the Majority Lenders) at any time other than following the
occurrence and during the continuance of an Event of Default, the Document Custodian shall rely on and follow the instructions given by the Collateral Agent. After the occurrence and during the continuance of an Event of Default, the Document
Custodian shall rely on and follow only the instructions given by the Collateral Agent and shall not follow any instructions given by the Borrower or the Services Provider. 

  
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 (vi) The Collateral Agent or the Administrative Agent (each acting at the
direction of the Majority Lenders) may direct the Document Custodian in writing to take any action incidental to its duties hereunder. With respect to other actions which are incidental to the actions specifically delegated to the Document Custodian
hereunder, the Document Custodian shall not be required to take any such incidental action hereunder, but shall be required to act or to refrain from acting (and shall be fully protected in acting or refraining from acting) upon the direction of the
Collateral Agent or Administrative Agent, as applicable; provided that the Document Custodian shall not be required to take any such action at the direction of the Administrative Agent, the Collateral Agent, any Secured Party or otherwise if
the taking of such action, in the reasonable determination of the Document Custodian, (x) shall be in violation of any Applicable Law or contrary to any provisions of this Agreement or (y) shall expose the Document Custodian to liability
hereunder (unless it has been provided with an indemnity agreement (including the indemnity provisions contained herein and in the other Loan Documents) which it reasonably deems to be satisfactory with respect thereto). In the event the Document
Custodian requests the consent of the Administrative Agent or Collateral Agent, as applicable, and the Document Custodian does not receive a consent (either positive or negative) from the Administrative Agent or the Collateral Agent, as applicable,
within 10 Business Days of its receipt of such request, then the Administrative Agent or the Collateral Agent, as applicable, shall be deemed to have declined to consent to the relevant action. 

(vii) The Document Custodian shall not be liable for any action taken, suffered or omitted by it in accordance with the request
or direction of any Secured Party, to the extent that this Agreement provides such Secured Party the right to so direct the Document Custodian or the Administrative Agent or Collateral Agent. The Document Custodian shall not be deemed to have notice
or knowledge of any matter hereunder, including an Event of Default, unless an Administrative Officer of the Document Custodian has received written notice from a Lender or the Borrower referring to this Agreement, describing such Event of Default,
and stating that such notice is a “Notice of Event of Default.” In the absence of receipt of such notice, the Document Custodian may conclusively assume that there is no Event of Default. 

Section 14.2 Document Custodian Compensation. 

As compensation for its custodial activities hereunder, the Document Custodian shall be entitled to compensation from the Borrower as set
forth in the Document Custodian Fee Letter. The Document Custodian’s entitlement to receive such compensation shall cease on the earlier to occur of (i) the effective date of its removal as Document Custodian pursuant to
Section 14.9 of this Agreement, (b) the effective date of its resignation as Document Custodian pursuant to Section 14.9 of this Agreement or (c) the termination of this Agreement;
provided that, for the avoidance of doubt, the Document Custodian shall remain entitled to receive, as and when such amounts are payable under the terms of this Agreement, any unpaid fees prior to the release of all Related Contracts from the
custody of the Document Custodian. 

  
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 Section 14.3 Limitation on Liability. 

(a) The Document Custodian may conclusively rely on and shall be fully protected in acting upon any certificate, instrument, opinion, notice,
instruction, statement, request, waiver, consent, report, letter or other document delivered to it and that in good faith it reasonably believes to be genuine and that has been signed by the proper party or parties. The Document Custodian shall not
be bound to make any independent investigation into the facts or matters stated in any such notice, instruction, statement certificate, request, waiver, consent, opinion, report, receipt or other paper or document. The Document Custodian may rely
conclusively on and shall be fully protected in acting upon the written instructions of the Administrative Agent or the Collateral Agent, as applicable, and no party shall have any right of action whatsoever against the Document Custodian as a
result of the Document Custodian acting or (where so instructed) refraining from acting hereunder in accordance with the instructions of the Administrative Agent or the Collateral Agent. The Document Custodian may consult counsel satisfactory to it
and the advice or opinion of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 

(b) Neither the Document Custodian nor any of its directors, officers, agents, or employees shall be liable for any error of judgment, or for
any action taken or omitted to be taken by it or them as Document Custodian under or in connection with this Agreement, except for its or their own gross negligence or willful misconduct (each as determined in a final,
non-appealable judgment by a court of competent jurisdiction). 
 (c) The Document Custodian makes
no warranty or representation and shall have no responsibility (except as expressly set forth in this Agreement) as to the content, enforceability, completeness, validity, sufficiency, value, genuineness, ownership or transferability of the Related
Contracts, the Collateral Loans or any other Collateral, and will not be required to and will not make any representations as to the validity or value of any of the Collateral. 

(d) It is expressly agreed and acknowledged that the Document Custodian is not guaranteeing performance of or assuming any liability for the
obligations of the other parties hereto or any other Loan Document. In case any reasonable question arises as to its duties hereunder, the Document Custodian may, prior to the occurrence of an Event of Default, request instructions from the Borrower
or the Services Provider and may, after the occurrence of an Event of Default, request instructions from the Administrative Agent or the Collateral Agent (each on behalf of the Majority Lenders), and shall be entitled at all times to refrain from
taking any action unless it has received instructions from such Persons, as applicable. The Document Custodian shall in all events have no liability, risk or cost for any action taken pursuant to and in compliance with the instruction of the
Administrative Agent or the Collateral Agent. In no event shall the Document Custodian be liable for punitive, special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Document
Custodian has been advised of the likelihood of such loss or damage and regardless of the form of action. 

  
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 (e) The Document Custodian shall have no responsibilities or duties with respect to any
Related Contract while such Related Contract is not in its possession. 
 Section 14.4 Document Custodian Resignation. 

Upon the effective date of the Document Custodian’s resignation pursuant to Section 14.9, or if the Document
Custodian is given written notice of an earlier termination hereof pursuant to Section 14.9, the Document Custodian shall (i) deliver all of the Related Contracts in the possession of Document Custodian to the
successor Document Custodian, and (ii) be reimbursed for any costs and expenses Document Custodian shall incur in connection with the termination of its duties under this Agreement. 

Section 14.5 Release of Documents. 

(a) Release for Servicing. From time to time and as appropriate for the enforcement or servicing of any of the Related Contracts or the
related Collateral, so long as no Event of Default then exists, the Document Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from an authorized representative of the
Services Provider (as listed on Exhibit K, as such exhibit may be amended from time to time by the Services Provider with notice to the Administrative Agent, the Collateral Agent and the Document Custodian) of a request for release of documents
and receipt in the form annexed hereto as Exhibit H, to release to the Services Provider within five Business Days of receipt of such request, the relevant Related Contracts set forth in such request. All documents so released to the Services
Provider shall be held by the Services Provider in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Services Provider shall return to the Document Custodian the
Related Contracts when the Services Provider’s need therefor in connection with such enforcement or servicing no longer exists, unless the relevant Collateral shall be liquidated, in which case, an authorized representative of the Services
Provider (as listed on Exhibit K, as such exhibit may be amended from time to time by the Services Provider with notice to the Administrative Agent, the Collateral Agent and the Document Custodian) shall deliver an additional request for
release of documents to the Document Custodian and receipt certifying such liquidation from the Services Provider to the Collateral Agent and the Document Custodian, all in the form annexed hereto as Exhibit H. 

(b) Limitation on Release. During the occurrence and continuance of an Event of Default, the foregoing clause (a) with respect to
the release to the Services Provider of the Related Contracts by the Document Custodian upon written receipt from an authorized representative of the Services Provider of a request for release of documents and receipt in the form annexed hereto as
Exhibit H, shall be operative only to the extent that the Administrative Agent (acting at the direction of the Majority Lenders) has consented to such release by signing such request. Promptly after delivery to the Document Custodian of any
request for release of documents in the form of Exhibit H, the Services Provider shall provide notice of the same to the Administrative Agent. 

(c) Release for Payment. Upon receipt by the Document Custodian of the Services Provider’s request for release of documents and
receipt in the form annexed hereto as Exhibit H (which certification shall include a statement to the effect that all amounts received in connection with any liquidation have been credited to the Collection Account), the Document Custodian
shall promptly release the relevant Related Contracts to the Services Provider. 

  
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 (d) Shipment of Related Contracts. Written instructions as to the method of shipment
and shipper(s) the Document Custodian is requesting to utilize in connection with the transmission of Related Contracts in the performance of the Document Custodian’s duties hereunder shall be delivered by the Borrower, the Services Provider or
the Majority Lenders to the Document Custodian prior to any shipment of any Related Contracts hereunder. The Services Provider shall arrange for the provision of such services at the cost and expense of the Borrower (or, at the Document
Custodian’s option, the Borrower shall reimburse the Document Custodian for all reasonable and documented costs and expenses of the Document Custodian consistent with such instructions) and shall maintain such insurance against loss or damage
to the Related Contracts as the Services Provider deems appropriate. 
 Section 14.6 Return of Related Contracts. 

An authorized representative of the Services Provider (as listed on Exhibit K, as such exhibit may be amended from time to time by the
Services Provider with notice to the Administrative Agent, the Collateral Agent and the Document Custodian) may request that the Document Custodian return each Related Contract that is (a) delivered to the Document Custodian in error or
(b) released from the Lien of the Collateral Agent hereunder pursuant to the terms of this Agreement, in each case by submitting to the Document Custodian and the Collateral Agent a written request in the form of Exhibit H hereto (signed
by both the Borrower and the Administrative Agent) specifying the Related Contracts to be so returned and reciting that the conditions to such release have been met (and specifying the Section or Sections of this Agreement being relied upon for such
release). The Document Custodian shall upon its receipt of each such request in the form of Exhibit H promptly, but in any event within five Business Days, return the Related Contracts so requested to the Services Provider. 

Section 14.7 Access to Certain Documentation and Information Regarding the Related Contracts. 

The Document Custodian shall provide to the Majority Lenders, the Administrative Agent and the Collateral Agent access to the Related
Contracts including in such cases where the Collateral Agent is required in connection with the enforcement of the rights or interests of the Secured Parties, or by applicable statutes or regulations, to review such documentation, such access being
afforded at the expense of the Borrower pursuant to the this Agreement and only (a) upon two Business Days prior written request, (b) during normal business hours and (c) subject to the Document Custodian’s normal security and
confidentiality procedures. Without limiting the foregoing provisions of this Section 14.7, from time to time on request of the Administrative Agent, the Document Custodian shall permit certified public accountants or other
auditors acceptable to the Administrative Agent (acting at the direction of the Majority Lenders) to conduct, at the expense of the Borrower, a review of the Related Contracts; provided that prior to the occurrence of an Event of Default,
such review shall be conducted no more than once in any calendar year. 

  
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 Section 14.8 Custodian Agent. 

The Document Custodian agrees that, with respect to any Related Contracts at any time or times in its possession, the Document Custodian shall
be the agent of the Collateral Agent, for the benefit of the Secured Parties, for purposes of perfecting (to the extent not otherwise perfected) the Collateral Agent’s security interest in the Collateral and for the purpose of ensuring that
such security interest is entitled to first priority status under the UCC. 
 Section 14.9 Removal and Resignation. 

(a) Document Custodian may be removed, with or without cause, by the Administrative Agent upon 30 days prior written notice to the Document
Custodian (the “Document Custodian Termination Notice”); provided that, notwithstanding its receipt of a Document Custodian Termination Notice, the Document Custodian shall continue to act in such capacity (and, for the avoidance of
doubt, so long as it continues to act in such capacity, shall continue to receive any fees and any other amounts to which it is entitled to receive in such capacity under the terms of this Agreement and the Document Custodian Fee Letter) until a
successor Document Custodian has been appointed and has agreed to act as Document Custodian hereunder. 
 (b) Document Custodian may resign
and be discharged from its duties or obligations hereunder, not earlier than thirty (30) days after delivery to the Administrative Agent of written notice of such resignation specifying a date when such resignation shall take effect. If no
successor collateral custodian has accepted appointment as the Document Custodian by the date thirty (30) days following a resigning Document Custodian’s notice of resignation, the resigning Document Custodian’s resignation shall
nevertheless thereupon become effective, and the Collateral Agent (or its designee) shall perform the duties of the Document Custodian hereunder until such time, if any, as the Collateral Agent appoints a successor Document Custodian. Upon the
effective date of such resignation, or if the Administrative Agent gives Document Custodian written notice of an earlier termination hereof, Document Custodian shall (i) be reimbursed for any costs and expenses Document Custodian shall incur in
connection with the termination of its duties under this Agreement and (ii) deliver all of the required Loan Documents in the possession of Document Custodian to the Administrative Agent or to such Person as the Administrative Agent may
designate to Document Custodian in writing upon the receipt of a request in the form of Exhibit H. 
 For the avoidance of doubt, the
Document Custodian shall be entitled to receive, as and when such amounts are payable in accordance with this Agreement, any fees accrued through the effective date of its resignation pursuant to and in accordance with this
Section 14.9. 
 ARTICLE XV 

QFC STAY RULES 

Section 15.1 Acknowledgement Regarding any Supported QFCs. To the extent that this Agreement provides support, through a guarantee
or otherwise, for Interest Hedge Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows
with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer 

  
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Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the
provisions below applicable notwithstanding that this Agreement and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under
a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such
Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such
interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights under this Agreement that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default
Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and this Agreement were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and
agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

[Remainder intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	ATHENA FUNDING I LLC, as Borrower
		
	By:	 	/s/ Bryan Cole
		 	Name: Bryan Cole
		 	Title: Authorized Signatory

  

	
	Address for notices:
	
	 Athena Funding I LLC
 399 Park Avenue, 38th
Floor

	New York, NY 10022
	
	Attention: Bryan Cole
	Title: Authorized Signatory
	Email:
	Phone:

 
	
	Agents:
	
	 SOCIÉTÉ GÉNÉRALE, 

as Administrative Agent

  

			
		
	By:	 	/s/ Julien Thinat
		 	Name: Julien Thinat
		 	Title: Authorized Signatory

  

	
	Address for notices:
	
	 Société Générale

245 Park Avenue, 4th Floor

	New York, NY 10167
	Attention: Julien Thinat
	Tel.:
	Email:
	
	with a copy to:
	
	 Société Générale

480 Washington Blvd

	Jersey City, NJ 07310
	Tel.:
	Fax:
	Attention: Cheriese Brathwaite
	Email:

 
	
	
	STATE STREET BANK AND TRUST COMPANY, as Collateral Agent, Collateral Administrator and Custodian

  

			
		
	By:	 	/s/ Brian Peterson
		 	Name: Brian Peterson
		 	Title: Vice President

  

	
	 Address for notices to Collateral Agent,

Collateral Administrator and Custodian:

	
	State Street Bank and Trust Company
	
	Attention: Structured Trust & Analytics
	 Mail Stop: JAB0577
 1776 Heritage
Drive

	North Quincy, MA 02171
	Tel.:
	Facsimile No.:
	Email:

 
	
	
	 ALTER DOMUS (US) LLC, 
 as Document
Custodian

  

			
		
	By:	 	/s/ Matthew Trybula
		 	Name: Matthew Trybula
		 	Title: Associate Counsel

  

	
	Address for notices to Document Custodian:
	
	225 W. Washington St., 9th Floor
	Chicago, IL 60606
	Attention: Doc Custody and Legal Department
	Facsimile No.: 312-378-0751
	Email:
	with a copy to:
	
	 Holland & Knight LLP
 150 N.
Riverside Plaza, Suite 2700

	Chicago, IL 60606
	Attention: Josh Spencer
	Email:

 
			
	 SOCIÉTÉ GÉNÉRALE,

as an Initial Lender

		
	By:	 	/s/ Julien Thinat
		 	Name: Julien Thinat
		 	Title: Authorized Signatory

  

	
	Address for notices:
	
	 Société Générale

245 Park Avenue, 4th Floor

	New York, NY 10167
	Attention: Julien Thinat
	Tel.:
	Email:
	
	with a copy to:
	
	 Société Générale

480 Washington Blvd

	Jersey City, NJ 07310
	Tel.:
	Fax:
	Attention: Cheriese Brathwaite
	Email:

 
			
	 CITIZENS BANK, NA,

as an Initial Lender

		
	By:	 	 /s/ Kevin Kelly

		 	 Name: Kevin Kelly

		 	 Title: Managing Director

  

	
	Address for notices:
	
	 Citizens Bank, NA
 4250 Congress St., Suite
300

	Charlotte, NC 28209
	Attention: Kevin Kelly/Rachel Bilskie/Nicholas Dillon
	Tel.:
	Email:

 
			
	 CUSTOMERS BANK, as an Initial Lender

		
	 By:
	 	 /s/ Lyle P. Cunningham

		 	 Name: Lyle P. Cunningham

		 	 Title: Executive Vice President

		
		 	 Address for notices:

		
		 	 Customers Bank

		 	 99 Bridge Street

		 	 Phoenixville, PA 19460

		 	 Attention: Specialty Finance

		 	 Facsimile No.:

		 	 Email:

 
			
	 TIAA, FSB, as an Initial Lender

		
	 By:
	 	 /s/ Joshua LaDean Kinsey

		 	 Name: Joshua LaDean Kinsey

		 	 Title: Vice President

		
		 	 Address for notices:

		
		 	 TIAA, FSB

10000 Midlantic Drive, Suite E

		 	 Mount Laurel, NJ 08054

		 	 Attention: Lender Finance

		 	 Tel.:

		 	 Email:

 SCHEDULE A 

Approved Appraisal Firms 
  

			
	 1.
	  	 Houlihan Lokey, Inc.

	 2.
	  	 Duff & Phelps LLC

	 3.
	  	 Murray, Devine and Company

	 4.
	  	 Lincoln Advisors

	 5.
	  	 Valuation Research Corporation

  

  
 Schedule A-1 

 SCHEDULE B 

S&P Industry Classifications 
  

											
	1.	  	1020000	  	Energy Equipment & Services	  	41.	  	6030000	  	Health Care Providers & Services
	2.	  	1030000	  	Oil, Gas & Consumable Fuels	  	42.	  	6110000	  	Biotechnology
	3.	  	2020000	  	Chemicals	  	43.	  	6120000	  	Pharmaceuticals
	4.	  	2030000	  	Construction Materials	  	44.	  	7011000	  	Banks
	5.	  	2040000	  	Containers & Packaging	  	45.	  	7020000	  	Thrifts & Mortgage Finance
	6.	  	2050000	  	Metals & Mining	  	46.	  	7110000	  	Diversified Financial Services
	7.	  	2060000	  	Paper & Forest Products	  	47.	  	7120000	  	Consumer Finance
	8.	  	3020000	  	Aerospace & Defense	  	48.	  	7130000	  	Capital Markets
	9.	  	3030000	  	Building Products	  	49.	  	7210000	  	Insurance
	10.	  	3040000	  	Construction & Engineering	  	50.	  	7310000	  	Real Estate Management & Development
	11.	  	3050000	  	Electrical Equipment	  	51.	  	7311000	  	Equity REITS
	12.	  	3060000	  	Industrial Conglomerates	  	52.	  	8030000	  	IT Services
	13.	  	3070000	  	Machinery	  	53.	  	8040000	  	Software
	14.	  	3080000	  	Trading Companies & Distributors	  	54.	  	8110000	  	Communications Equipment
	15.	  	3110000	  	Commercial Services & Supplies	  	55.	  	8120000	  	Technology Hardware, Storage & Peripherals
	16.	  	3210000	  	Air Freight & Logistics	  	56.	  	8130000	  	Electronic Equipment, Instruments & Components
	17.	  	3220000	  	Airlines	  	57.	  	8210000	  	Semiconductors & Semiconductor Equipment
	18.	  	3230000	  	Marine	  	58.	  	9020000	  	Diversified Telecommunication Services
	19.	  	3240000	  	Road & Rail	  	59.	  	9030000	  	Wireless Telecommunication Services
	20.	  	3250000	  	Transportation Infrastructure	  	60.	  	9520000	  	Electric Utilities
	21.	  	4011000	  	Auto Components	  	61.	  	9530000	  	Gas Utilities
	22.	  	4020000	  	Automobiles	  	62.	  	9540000	  	Multi-Utilities
	23.	  	4110000	  	Household Durables	  	63.	  	9550000	  	Water Utilities
	24.	  	4120000	  	Leisure Products	  	64.	  	9551701	  	Diversified Consumer Services
	25.	  	4130000	  	Textiles, Apparel & Luxury Goods	  	65.	  	9551702	  	Independent Power and Renewable Electricity Producers
	26.	  	4210000	  	Hotels, Restaurants & Leisure	  	66.	  	9551727	  	Life Sciences Tools & Services
	27.	  	4300001	  	Entertainment	  	67.	  	9551729	  	Health Care Technology
	28.	  	4300002	  	Interactive media and services	  	68.	  	9612010	  	Professional Services
	29.	  	4310000	  	Media	  	69.	  	PF1	  	Project finance: industrial equipment
	30.	  	4410000	  	Distributors	  	70.	  	PF2	  	Project finance: leisure and gaming
	31.	  	4420000	  	Internet and direct marketing retail	  	71.	  	PF3	  	Project finance: natural resources and mining
	32.	  	4430000	  	Multiline Retail	  	72.	  	PF4	  	Project finance: oil and gas
	33.	  	4440000	  	Specialty Retail	  	73.	  	PF5	  	Project finance: power
	34.	  	5020000	  	Food & Staples Retailing	  	74.	  	PF6	  	Project finance: public finance and real estate
	35.	  	5110000	  	Beverages	  	75.	  	PF7	  	Project finance: telecommunications
	36.	  	5120000	  	Food Products	  	76.	  	PF8	  	Project finance: transport
	37.	  	5130000	  	Tobacco	  		  		  	
	38.	  	5210000	  	Household Products	  		  		  	
	39.	  	5220000	  	Personal Products	  		  		  	
	40.	  	6020000	  	Health Care Equipment & Supplies	  		  		  	

  

  
 Schedule B-1 

 SCHEDULE C 

Closing Date Portfolio 

[to be provided] 
  

  
 Schedule C-1 

 SCHEDULE D 

S&P Recovery Rate and Default Rate Tables 

Section 1 S&P Recovery Rate. 
 (l) (i) If a
Collateral Loan has an S&P Recovery Rating, the S&P Recovery Rate for such Collateral Loan shall be determined as follows: 
  

																													
	 S&P Recovery Rating of a

Collateral Loan (and Recovery

Point Estimate)
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B”	 	 	“CCC” or below	 
	1+ (100)	  	 	75.0	% 	 	 	85.0	% 	 	 	88.0	% 	 	 	90.0	% 	 	 	92.0	% 	 	 	95.0	% 	 	 	95.0	% 
	1 (95)	  	 	70.0	% 	 	 	80.0	% 	 	 	84.0	% 	 	 	87.5	% 	 	 	91.0	% 	 	 	95.0	% 	 	 	95.0	% 
	1 (90)	  	 	65.0	% 	 	 	75.0	% 	 	 	80.0	% 	 	 	85.0	% 	 	 	90.0	% 	 	 	95.0	% 	 	 	95.0	% 
	2 (85)	  	 	62.5	% 	 	 	72.5	% 	 	 	77.5	% 	 	 	83.0	% 	 	 	88.0	% 	 	 	92.0	% 	 	 	92.0	% 
	2 (80)	  	 	60.0	% 	 	 	70.0	% 	 	 	75.0	% 	 	 	81.0	% 	 	 	86.0	% 	 	 	89.0	% 	 	 	89.0	% 
	2 (75)	  	 	55.0	% 	 	 	65.0	% 	 	 	70.5	% 	 	 	77.0	% 	 	 	82.5	% 	 	 	84.0	% 	 	 	84.0	% 
	2 (70)	  	 	50.0	% 	 	 	60.0	% 	 	 	66.0	% 	 	 	73.0	% 	 	 	79.0	% 	 	 	79.0	% 	 	 	79.0	% 
	3 (65)	  	 	45.0	% 	 	 	55.0	% 	 	 	61.0	% 	 	 	68.0	% 	 	 	73.0	% 	 	 	74.0	% 	 	 	74.0	% 
	3 (60)	  	 	40.0	% 	 	 	50.0	% 	 	 	56.0	% 	 	 	63.0	% 	 	 	67.0	% 	 	 	69.0	% 	 	 	69.0	% 
	3 (55)	  	 	35.0	% 	 	 	45.0	% 	 	 	51.0	% 	 	 	58.0	% 	 	 	63.0	% 	 	 	64.0	% 	 	 	64.0	% 
	3 (50)	  	 	30.0	% 	 	 	40.0	% 	 	 	46.0	% 	 	 	53.0	% 	 	 	59.0	% 	 	 	59.0	% 	 	 	59.0	% 
	4 (45)	  	 	28.5	% 	 	 	37.5	% 	 	 	44.0	% 	 	 	49.5	% 	 	 	53.5	% 	 	 	54.0	% 	 	 	54.0	% 
	4 (40)	  	 	27.0	% 	 	 	35.0	% 	 	 	42.0	% 	 	 	46.0	% 	 	 	48.0	% 	 	 	49.0	% 	 	 	49.0	% 
	4 (35)	  	 	23.5	% 	 	 	30.5	% 	 	 	37.5	% 	 	 	42.5	% 	 	 	43.5	% 	 	 	44.0	% 	 	 	44.0	% 
	4 (30)	  	 	20.0	% 	 	 	26.0	% 	 	 	33.0	% 	 	 	39.0	% 	 	 	39.0	% 	 	 	39.0	% 	 	 	39.0	% 
	5 (25)	  	 	17.5	% 	 	 	23.0	% 	 	 	28.5	% 	 	 	32.5	% 	 	 	33.5	% 	 	 	34.0	% 	 	 	34.0	% 
	5 (20)	  	 	15.0	% 	 	 	20.0	% 	 	 	24.0	% 	 	 	26.0	% 	 	 	28.0	% 	 	 	29.0	% 	 	 	29.0	% 
	5 (15)	  	 	10.0	% 	 	 	15.0	% 	 	 	19.5	% 	 	 	22.5	% 	 	 	23.5	% 	 	 	24.0	% 	 	 	24.0	% 
	5 (10)	  	 	5.0	% 	 	 	10.0	% 	 	 	15.0	% 	 	 	19.0	% 	 	 	19.0	% 	 	 	19.0	% 	 	 	19.0	% 
	6 (5)	  	 	3.5	% 	 	 	7.0	% 	 	 	10.5	% 	 	 	13.5	% 	 	 	14.0	% 	 	 	14.0	% 	 	 	14.0	% 
	6 (0)	  	 	2.0	% 	 	 	4.0	% 	 	 	6.0	% 	 	 	8.0	% 	 	 	9.0	% 	 	 	9.0	% 	 	 	9.0	% 
	 	  	Recovery rate	 	 	 	 

  
 Schedule D-1 

 * From S&P’s published reports. If a recovery point estimate is not available for a given loan; the
lower range for the applicable recovery rating should be assumed. 
 (ii) If (x) a Collateral Loan does not have an S&P Recovery
Rating, and such Collateral Loan is a senior unsecured loan or second lien loan and (y) the issuer of such Collateral Loan has issued another debt instrument that is outstanding and senior to such Collateral Loan (a “Senior Debt
Instrument”) that has an S&P Recovery Rating, the S&P Recovery Rate for such Collateral Loan shall be determined as follows: 
 For
Collateral Loans Domiciled in Group A 
  

																									
	 S&P Recovery Rating of

the Senior Debt Instrument
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B” and below	 
	1+	  	 	18	% 	 	 	20	% 	 	 	23	% 	 	 	26	% 	 	 	29	% 	 	 	31	% 
	1	  	 	18	% 	 	 	20	% 	 	 	23	% 	 	 	26	% 	 	 	29	% 	 	 	31	% 
	2	  	 	18	% 	 	 	20	% 	 	 	23	% 	 	 	26	% 	 	 	29	% 	 	 	31	% 
	3	  	 	12	% 	 	 	15	% 	 	 	18	% 	 	 	21	% 	 	 	22	% 	 	 	23	% 
	4	  	 	5	% 	 	 	8	% 	 	 	11	% 	 	 	13	% 	 	 	14	% 	 	 	15	% 
	5	  	 	2	% 	 	 	4	% 	 	 	6	% 	 	 	8	% 	 	 	9	% 	 	 	10	% 
	6	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	 	  	Recovery rate	 

 For Collateral Loans Domiciled in Group B 
  

																									
	 S&P Recovery Rating of

the Senior Debt Instrument
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B” and below	 
	1+	  	 	13	% 	 	 	16	% 	 	 	18	% 	 	 	21	% 	 	 	23	% 	 	 	25	% 
	1	  	 	13	% 	 	 	16	% 	 	 	18	% 	 	 	21	% 	 	 	23	% 	 	 	25	% 
	2	  	 	13	% 	 	 	16	% 	 	 	18	% 	 	 	21	% 	 	 	23	% 	 	 	25	% 
	3	  	 	8	% 	 	 	11	% 	 	 	13	% 	 	 	15	% 	 	 	16	% 	 	 	17	% 
	4	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 
	5	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 
	6	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	 	  	Recovery rate	 

  
 Schedule D-2 

 For Collateral Loans Domiciled in Group C 

 

																									
	 S&P Recovery Rating of

the Senior Debt Instrument
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B” and below	 
	1+	  	 	10	% 	 	 	12	% 	 	 	14	% 	 	 	16	% 	 	 	18	% 	 	 	20	% 
	1	  	 	10	% 	 	 	12	% 	 	 	14	% 	 	 	16	% 	 	 	18	% 	 	 	20	% 
	2	  	 	10	% 	 	 	12	% 	 	 	14	% 	 	 	16	% 	 	 	18	% 	 	 	20	% 
	3	  	 	5	% 	 	 	7	% 	 	 	9	% 	 	 	10	% 	 	 	11	% 	 	 	12	% 
	4	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 
	5	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	6	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	 	  	Recovery rate	 

 (iii) If (x) a Collateral Loan does not have an S&P Recovery Rating and such Collateral Loan is a
subordinated loan and (y) the issuer of such Collateral Loan has issued another debt instrument that is outstanding and senior to such Collateral Loan that is a Senior Debt Instrument that has an S&P Recovery Rating, the S&P
Recovery Rate for such Collateral Loan shall be determined as follows: 
 For Collateral Loans Domiciled in Groups A and B 

 

																									
	 S&P Recovery Rating of

the Senior Debt Instrument
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B” and below	 
	1+	  	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 
	1	  	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 
	2	  	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 
	3	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 
	4	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 
	5	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	6	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	 	  	Recovery rate	 

 For Collateral Loans Domiciled in Group C 
  

																									
	 S&P Recovery Rating of

the Senior Debt Instrument
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B” and below	 
	1+	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 
	1	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 
	2	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 
	3	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 
	4	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	5	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	6	  	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 	 	 	0	% 
	 	  	Recovery rate	 

  
 Schedule D-3 

 (m) If a recovery rate cannot be determined using clause (a), the recovery rate shall be determined using
the following table. 
 Recovery rates for obligors Domiciled in Group A, B or C: 

 

																									
	 Priority Category
	  	Initial Liability Rating	 
	  	“AAA”	 	 	“AA”	 	 	“A”	 	 	“BBB”	 	 	“BB”	 	 	“B” and below	 
	 Senior Secured Loans*
	  

	 Group A
	  	 	50	% 	 	 	55	% 	 	 	59	% 	 	 	63	% 	 	 	75	% 	 	 	79	% 
	 Group B
	  	 	39	% 	 	 	42	% 	 	 	46	% 	 	 	49	% 	 	 	60	% 	 	 	63	% 
	 Group C
	  	 	17	% 	 	 	19	% 	 	 	27	% 	 	 	29	% 	 	 	31	% 	 	 	34	% 
	 Senior Secured Loans (Cov-Lite Loans) /
Senior Secured Bonds*
	  

	 Group A
	  	 	41	% 	 	 	46	% 	 	 	49	% 	 	 	53	% 	 	 	63	% 	 	 	67	% 
	 Group B
	  	 	32	% 	 	 	35	% 	 	 	39	% 	 	 	41	% 	 	 	50	% 	 	 	53	% 
	 Group C
	  	 	17	% 	 	 	19	% 	 	 	27	% 	 	 	29	% 	 	 	31	% 	 	 	34	% 
	 Second Lien Loans, First Lien Last Out Loans, Unsecured Loans
	  

	 Group A
	  	 	18	% 	 	 	20	% 	 	 	23	% 	 	 	26	% 	 	 	29	% 	 	 	31	% 
	 Group B
	  	 	13	% 	 	 	16	% 	 	 	18	% 	 	 	21	% 	 	 	23	% 	 	 	25	% 
	 Group C
	  	 	10	% 	 	 	12	% 	 	 	14	% 	 	 	16	% 	 	 	18	% 	 	 	20	% 
	 Subordinated Loans
	  

	 Group A
	  	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 
	 Group B
	  	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 
	 Group C
	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 
	 	  	Recovery rate	 

  

			
	Group A:	  	Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Japan, Luxembourg, The Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, U.K., U.S.
	Group B:	  	Brazil, the Czech Republic, Italy, Mexico, Poland, South Africa **
	Group C:	  	Dubai International Financial Centre, Greece, India, Indonesia, Kazakhstan, Romania, Russia, Turkey, Ukraine, United Arab Emirates, Vietnam and others not in Group A or
Group B**

  

	*	 Solely for the purpose of determining the S&P Recovery Rate for such loan, no loan will constitute a
“Senior Secured Loan” or Senior Secured Bond unless such loan (a) is secured by a valid first priority security interest in collateral, (b) in the Services Provider’s commercially reasonable judgment (with such determination
being made in good faith by the Services Provider at the time of such loan’s or bond’s purchase and based upon information reasonably available to the Services Provider at such time and without any requirement of additional investigation
beyond the Services Provider’s customary credit review procedures), is secured by specified collateral that has a value not less than an amount equal to the sum of (i) the aggregate principal amount of all loans/bonds senior or pari passu
to such loans/bonds and (ii) the outstanding principal balance of such loan or bond, which value may be derived from, among other things, the enterprise value of the issuer of such loan, excluding any loan secured primarily by equity or
goodwill and (c) is not secured primarily by common stock or other equity interests (provided that the terms of this footnote may be amended or revised at any time by a written agreement of the Borrower, the Services Provider and the
Administrative Agent (without the consent of any Lender), subject to Rating Agency Confirmation from S&P only, in order to conform to S&P then-current criteria for such loans). For the avoidance of doubt, if a
Cov-Lite Loan is also a First Lien/Last Out Loan, a Second Lien Loan or an Unsecured Loan, the S&P Recovery Rate for such loan will be determined in accordance with “Second Lien Loans, First Lien/Last
Out Loans, Unsecured Loans” hereunder. 

	**	 In each case, or such other countries identified as such by S&P in a press release, written criteria or
other public announcement from time to time or as may be notified by S&P to the Services Provider from time to time. 

  
 Schedule D-4 

 SCHEDULE E 

[Reserved] 

  
 Schedule E-1 

 SCHEDULE F 

[Reserved] 

  
 Schedule F-1 

 SCHEDULE G 

COMMITMENTS 
  

	
	Revolving Commitments

  

									
	 Revolving Lender
	  	Revolving
Commitment	 	  	Percentage
Share	 
	 Société Générale
	  	$	100,000,000	 	  	 	33.33334	% 
	 Citizens Bank, NA
	  	$	100,000,000	 	  	 	33.33334	% 
	 Customers Bank
	  	$	50,000,000	 	  	 	16.66666	% 
	 TIAA, FSB
	  	$	50,000,000	 	  	 	16.66666	% 
	 Total
	  	$	300,000,000	 	  	 	100	% 

 Term Commitments 

 

									
	 Term Lender
	  	Term
Commitment	 	  	Percentage
Share	 
	 Société Générale
	  	$	100,000,000	 	  	 	33.33334	% 
	 Citizens Bank, NA
	  	$	100,000,000	 	  	 	33.33334	% 
	 Customers Bank
	  	$	50,000,000	 	  	 	16.66666	% 
	 TIAA, FSB
	  	$	50,000,000	 	  	 	16.66666	% 
	 Total
	  	$	300,000,000	 	  	 	100	% 

  
 Schedule G-1 

 EXHIBIT A 

[FORM OF NOTE FOR [REVOLVING][TERM] LOANS] 

$__________                        
                                         
                                         
                                         
                                         
__________, ____ 
 FOR VALUE RECEIVED, the undersigned, Athena Funding I LLC, a Delaware limited liability company (the
“Borrower”), hereby unconditionally promises to pay to [•] (the “Lender”), or registered assigns, in lawful money of the United States of America and in immediately available funds, the principal amount of
[•] DOLLARS. The principal amount shall be paid in the amounts and on the dates specified in the Credit Agreement. The Borrower further agrees to pay interest in like money on the unpaid principal amount hereof from time to time outstanding at
the rates and on the dates specified in the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

The Borrower promises to pay interest, on demand, on any overdue principal and, to the extent permitted by law, overdue interest from their
due dates at the rate or rates provided in the Credit Agreement. 
 The holder of this Note is authorized to endorse on Schedule I
annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each [Revolving][Term] Loan made pursuant to the Credit Agreement and the date and amount of each payment
or prepayment of principal thereof and each continuation thereof. Each such endorsement shall constitute prima facie evidence of the accuracy of the information endorsed. The failure to make any such endorsement shall not affect the obligations of
the Borrower in respect of such [Revolving][Term] Loan. 
 This Note (a) is a term Note and evidences the [Revolving][Term] Loans made
by the Lender under, and is one of the Notes referred to in, the Credit Agreement, dated as of July 15, 2022 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the
Lenders party thereto from time to time and Société Générale, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as
Document Custodian, (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured as provided in the Loan
Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security, the terms and conditions upon which the security interests
were granted and the rights of the holder of this Note in respect thereof. 
 Upon the occurrence of any one or more of the Events of
Default, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 

  
 Exhibit A-1 

 All parties now and hereafter liable with respect to this Note, whether maker, principal,
endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 
 Except as permitted by
Section 12.6 of the Credit Agreement, this Note may not be participated by the Lender to any other Person. Without limiting the generality of the foregoing, this Note may be participated in whole or in part only by
registration of such participation on the Participant Register. 
 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW
OF THE STATE OF NEW YORK. 
  

			
	ATHENA FUNDING I LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Exhibit A-2 

 SCHEDULE I 

This Note evidences the [Revolving][Term] Loans made by [•] (the “Lender”) to Athena Funding I LLC (the
“Borrower”) under the Credit Agreement dated as of July 15, 2022 among the Borrower, as borrower, the Lenders party thereto from time to time, Société Générale, as Administrative Agent, State Street
Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian, in the principal amounts and on the dates set forth below, subject to the payments and prepayments of principal
set forth below: 
  

									
	DATE	  	PRINCIPAL AMOUNT LOANED	  	PRINCIPAL AMOUNT PAID OR PREPAID	  	PRINCIPAL BALANCE OUTSTANDING	  	NOTATION BY

  
 Schedule I-1 

 EXHIBIT B 

[FORM OF NOTICE OF BORROWING] 

[Date] 
 Société
Générale, 
 as Administrative Agent 
 New York,
NY 10167 
 Attention: Julien Thinat 
 Tel.: 

Email: julien.thinat@sgcib.com 
 with a copy to: 

Société Générale 
 480 Washington
Blvd 
 Jersey City, NJ 07310 
 Tel.: 

Fax: 
 Attention: Cheriese Brathwaite 

Email: oper-fin-serv.us@sgss.socgen.com 

State Street Bank and Trust Company, 
 as Custodian, Collateral
Agent, Collateral Administrator and Securities Intermediary 
 Attention: Structured Trust & Analytics 

Mail Stop: JAB0577 
 1776 Heritage Drive 

North Quincy, MA 02171 
 Facsimile No.: 

Email: scott.berry@statestreet.com 
 Alter Domus (US) LLC,

 as Document Custodian 
 225 W. Washington St., 9th Floor 
 Chicago, IL 60606 

Attention: Doc Custody and Legal Department 
 Facsimile No.: 

Email: DocCustody@alterdomus.com; legal@alterdomus.com; 

matthew.trybula@alterdomus.com 
 NOTICE OF
BORROWING 
 This Notice of Borrowing is made pursuant to Section 2.2 of that certain Credit Agreement dated
as of July 15, 2022 (as the same may from time to time be amended, supplemented, waived or modified, the “Credit Agreement”) among Athena Funding I LLC, as borrower (the “Borrower”), the Lenders parties thereto
from time to time (collectively, the “Lenders”), Société 

  
 Exhibit B-1 

 
Générale, as administrative agent (the “Administrative Agent”), State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and
Alter Domus (US) LLC, as Document Custodian. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Credit Agreement. 

 

	1.	 The Borrower hereby requests that on ______________, ____ (the “Borrowing Date”) it receive a
Borrowing of [Revolving][Term] Loans under the Credit Agreement in an aggregate principal amount of [•] Dollars ($[•]) (the “Requested Amount”). 

 

	2.	 The Borrower hereby gives notice of its request for such [Revolving][Term] Loans in the aggregate principal
amount equal to the Requested Amount to the Lenders and the Administrative Agent pursuant to Section 2.2 of the Credit Agreement and requests the Lenders to remit, or cause to be remitted, the proceeds thereof to the
Collection Account in its respective Percentage Share of the Requested Amount. 

  

	3.	 The Borrower certifies that immediately after giving effect to the proposed Borrowing on the Borrowing Date
each of the applicable conditions precedent set forth in Section 3.2 of the Credit Agreement is satisfied, including: 

  

	 	[(i)	 the conditions precedent set forth in Section 3.1 of the Credit Agreement shall have
been fully satisfied on or prior to the Borrowing Date referred to above; 

  

	 	(ii)	 The Agents shall have received evidence satisfactory to the Administrative Agent and the Lenders that
(w) the grant of security pursuant to the Granting Clause herein of all of the Borrower’s right, title and interest in and to the Collateral pledged to the Collateral Agent on the Closing Date shall be effective in all relevant
jurisdictions, (x) delivery of such Collateral in accordance with Section 8.7 of the Credit Agreement to the Custodian or the Document Custodian, as applicable, shall have been effected, (y) the Borrower (or the
Services Provider on behalf of the Borrower) will deliver copies of all Related Contracts in its possession to the Document Custodian in accordance with Sections 5.26 and 14.1(b) of the Credit Agreement and
(z) the Collateral Agent (for the benefit of the Secured Parties) shall have a security interest in such Collateral. 

  

	 	(iii)	 The Agents shall have received a certificate of an Authorized Officer of the Services Provider (which
certificate shall include a schedule listing the Collateral Loans owned by the Borrower on the Initial Borrowing Date), to the effect that, (1) in the case of each item of Collateral pledged to the Collateral Agent, on the Initial Borrowing
Date and immediately prior to the delivery thereof on or prior to the Initial Borrowing Date, (A)(w) the Borrower is the owner of such Collateral free and clear of any liens, claims or encumbrances of any nature whatsoever except for Permitted Liens
and those which have been released on or prior to the Initial Borrowing Date; (x) the Borrower has acquired its ownership in such Collateral in good faith without notice of any adverse claim, except as described in clause (w)

  
 Exhibit B-2 

	 	
above; (y) the Borrower has not assigned, pledged or otherwise encumbered any interest in such Collateral (or, if any such interest has been assigned, pledged or otherwise encumbered, it has
been released) other than pursuant to this Agreement; and (z) the Borrower has full right to grant a security interest in and assign and pledge such Collateral to the Collateral Agent; and (B) upon grant by the Borrower, the Collateral
Agent has a first priority perfected security interest in the Collateral, except in respect of any Permitted Lien or as otherwise permitted by this Agreement and (2) immediately before and after giving effect to the Borrowings, the
Overcollateralization Ratio Test shall be satisfied (as demonstrated in a writing attached to the certificate of the Services Provider).]1 

 

	 	(1)	 immediately after giving effect to such Borrowing (and, for the avoidance of doubt, if any of the following
limits would be exceeded on a pro forma basis, such Borrowing shall not be permitted), 

 (i) in the case of the
Borrowing of a Revolving Loan, (x) the aggregate outstanding principal amount of the Revolving Loans shall not exceed the Total Revolving Commitment as in effect on such Borrowing Date and (y) the Lender Advance Rate Test is satisfied; and

 (ii) in the case of a Borrowing of a Term Loan, the aggregate outstanding principal amount of the Term Loans shall not exceed the
Total Term Commitment as in effect on such Borrowing Date; 
  

	 	(2)	 no Commitment Shortfall shall exist after giving effect to such Borrowing; 

 

	 	(3)	 [immediately before and after such Borrowing, no Default shall have occurred and be continuing both before and
after giving effect to the funding of such Loan; 

  

	 	(4)	 the representations and warranties of the Borrower contained in this Agreement and each of the other Loan
Documents shall be true and correct in all material respects on and as of the date of such Borrowing (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material
respects as of such earlier date) both before and after giving effect to the funding of such Loan; 

  

	 	(5)	 no law or regulation shall have been adopted, no order, judgment or decree of any governmental authority shall
have been issued, and no litigation shall be pending or, to the actual knowledge of a Senior Authorized Officer of the Borrower, threatened, which does or, with respect to any threatened litigation, seeks to enjoin, prohibit or restrain the funding
or repayment of the Loans or the consummation of the transactions among the Borrower, the Services Provider, the Lenders and the Agents contemplated by this Agreement; 

 

	1 	 To be added only for the Initial Borrowing. 

  
 Exhibit B-3 

	 	(6)	 each of the Loan Documents remains in full force and effect and is the binding and enforceable obligation of
the Borrower and the Services Provider, in each case, to the extent such Person is a party thereto (except for those provisions of any Loan Document not material, individually or in the aggregate with other affected provisions, to the interests of
any of the Lenders); and 

  

	 	(7)	 immediately before and after giving effect to the requested Borrowing, the Eligibility Criteria shall be
satisfied (as demonstrated in a writing attached to this Notice of Borrowing).]2 

 

	2 	 Omit paragraphs 3 through 7 in the case of Loans obtained to fund Unfunded Amounts.

  
 Exhibit B-4 

 IN WITNESS WHEREOF, this Notice of Borrowing has been executed as of the date first
written above. 
  

			
	ATHENA FUNDING I LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Exhibit B-5 

 Schedule I 

to Notice of Borrowing 

Calculation of the Eligibility Criteria 

  
 Exhibit B-6 

 EXHIBIT C 

[FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT] 

Dated as of [•] 
 Reference
is made to the Credit Agreement, dated as of July 15, 2022 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Athena Funding I LLC, a Delaware limited liability company (the
“Borrower”), the Lenders party thereto from time to time, Société Générale, as administrative agent for the Lenders thereunder (in such capacity, the “Administrative Agent”), State Street
Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement. 
 The Assignor identified on Schedule I hereto (the “Assignor”) and the
Assignee identified on Schedule I hereto (the “Assignee”) agree as follows: 
 (i) The Assignor hereby irrevocably
sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases [for an agreed consideration] [for a purchase price of [•]]3 and assumes from
the Assignor without recourse to the Assignor, as of the Effective Date (as defined below), the interest described on Schedule I hereto (the “Assigned Interest”). 

(ii) The Assignor (a) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Credit Agreement or with respect to the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other instrument or
document furnished pursuant thereto, other than that the Assignor is the legal and beneficial owner of the interests being assigned by it hereunder and that such interest is free and clear of any such adverse claim; (b) makes no representation
or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the Services Provider or the performance or observance by the Borrower or the Services Provider of any of their respective obligations under the
Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; and (c) attaches all Notes held by it evidencing the Assigned Interest and (1) requests that the Administrative Agent,
upon request by the Assignee, exchange the attached Notes for a new Note or Notes payable to the Assignee and (2) if the Assignor has retained any Loans, requests that the Administrative Agent exchange the attached Notes for a new Note or Notes
payable to the Assignor, in each case in amounts which reflect the assignment being made hereby (and after giving effect to any other assignments which have become effective on the Effective Date). 

 

	3 	 Insert the applicable formulation, based on the parties’ preference.

  
 Exhibit C-1 

 (iii) The Assignee (a) represents and warrants that it is legally authorized to enter
into this Assignment and Assumption Agreement; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements and other information delivered pursuant to Section 5.1
of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption Agreement; (c) agrees that, except as may be otherwise
expressly agreed in writing between the Assignee, on the one hand, and the Assignor, an Agent or a Lender, as the case may be, on the other hand, it will, independently and without reliance upon the Assignor, such Agent or any other Lender and based
on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, the other Loan Documents or any other instrument or document furnished
pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement, the other Loan Documents or any other instrument
or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; (e) agrees that it will be bound by the provisions of the Credit Agreement
(including Section 11.3(g) thereof) and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender; and (f) represents and
warrants that it (and each account for which it is acquiring the Assigned Interest) is a “qualified purchaser” for purposes of Section 3(c)(7) of the Investment Company Act. 

(iv) The effective date of this Assignment and Assumption Agreement shall be the Effective Date of Assignment described on Schedule I
hereto (the “Effective Date”). Following the execution of this Assignment and Assumption Agreement, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the
Credit Agreement, effective as of the Effective Date. 
 (v) Upon such acceptance and recording, from and after the Effective Date, the
Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) [to the Assignor for amounts which have accrued to the Effective Date and to the Assignee for
amounts which have accrued subsequent to the Effective Date] [to the Assignee whether such amounts have accrued prior to the Effective Date or accrue subsequent to the Effective Date]4. The
Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves. 

(vi) From and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this
Assignment and Assumption Agreement, have the rights and obligations of a Lender thereunder and under the other Loan Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided in this Assignment
and Assumption Agreement, relinquish its rights and be released from its obligations under the Credit Agreement. 
 (vii) This Assignment
and Assumption Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
  

 

	4 	 Insert the applicable formulation, based on the agreement of the parties. If the latter formulation is used,
consider including the amount of accrued interest payable by the Assignee to the Assignor. 

  
 Exhibit C-2 

 (viii) This Assignment and Assumption Agreement may be executed in any number of
counterparts, each of which so executed shall be deemed an original, but all such counterparts shall together constitute but one and the same instrument. This Assignment and Assumption Agreement shall become binding when one or more counterparts
hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. 
 [Remainder of
page intentionally left blank | signature page follows] 

  
 Exhibit C-3 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement
to be executed as of the date first above written by their respective duly authorized officers. 
  

			
	[INSERT NAME OF ASSIGNOR], as Assignor
		
	By:	 	 
		 	Authorized Signatory

  

			
	[INSERT NAME OF ASSIGNEE] as Assignee
		
	By:	 	 
		 	Authorized Signatory

  
 Exhibit C-4 

 Schedule I 

to Assignment and Assumption Agreement 
 Name of
Assignor: ___________________________ 
 Name and address of Assignee: _______________________ 

                          
                   
  

                          
                   
 Effective Date of Assignment:
______________________ 
 Principal Amount of Loans Assigned: $ ______ 

Percentage of Loans Assigned: ___% 
 U.S. Tax Compliance
Certificate and applicable withholding forms (select one): 
 ☐ Attached 

☐ Previously provided 

  
 Exhibit C-5 

 EXHIBIT D 

Scope of Collateral Report 
  

	1.	 The Aggregate Principal Balance of all Collateral Loans and Equity Securities 

 

	2.	 The balance of all Eligible Investments and Cash in each of (together with location of each such Account):

  

	(a)	 The Collection Account 

 

	(b)	 The Payment Account 

  

	(c)	 The Future Funding Reserve Account 

 

	(d)	 The Interest Reserve Account 

 

	(e)	 [Reserved] 

  

	(f)	 The Custodial Account 

 

	(g)	 The Closing Expense Account 

 

	3.	 Commitment, rating of and outstanding amounts for the Loans 

 

	4.	 The nature, source and amount of any proceeds in the Collection Account (including Principal Proceeds and
Interest Proceeds received since the date of determination of the last Collateral Report or Payment Date Report) and the Future Funding Reserve Account 

  

	5.	 Compliance level of Coverage Tests vs. test level then in effect 

 

	(a)	 Calculation of Overcollateralization Ratio 

 

	(b)	 Calculation of Interest Coverage Ratio 

 

	(c)	 Compliance with Collateral Quality Test 

 

	6.	 Minimum Weighted Average S&P Spread Test and Minimum Weighted Average Lender Spread Test

  

	(a)	 Maximum Weighted Average Life Test 

 

	(b)	 Minimum Weighted Average S&P Recovery Rate Test 

 

	7.	 Compliance with Concentration Limitations 

 

	(a)	 Obligor concentrations 

 

	(b)	 Recurring Revenue Loans 

 

	(c)	 First Lien/Last Out Loans and Second Lien Loans 

 

	(d)	 Fixed Rate Obligations 

 

	(e)	 Current Pay Obligations 

 

	(f)	 Collateral Loans that permit payment of interest less frequently than quarterly 

 

	(g)	 Revolving Collateral Loans and Delayed Funding Loans 

 

	(h)	 Aggregate Participation Exposure 

  
 Exhibit D-1 

	(i)	 The country of Domicile 

 

	(j)	 Collateral Loans with an S&P Rating of “CCC” or below 

 

	(k)	 Long Dated Loans 

  

	(l)	 Effective LTV above 50% 

 

	8.	 Listing of all Collateral Loans with attributes including 

 

	(a)	 Obligor name 

  

	(b)	 Maximum Principal Balance (commitment amount) 

 

	(c)	 Principal Balance (outstanding amount) 

 

	(d)	 Exposure Amount 

  

	(e)	 Unsettled Amount 

  

	(f)	 S&P Industry Classification 

 

	(g)	 Whether each loan is fixed or floating 

 

	(h)	 Spread over the applicable index or benchmark rate (for Floating Rate Obligations) 

 

	(i)	 Interest coupon (for Fixed Rate Obligations) 

 

	(j)	 Maturity date 

  

	(k)	 public rating by Moody’s (if any) 

 

	(l)	 S&P Rating, unless such rating is based on a Credit Estimate unpublished by S&P (and, in the event of a
downgrade or withdrawal of the applicable S&P Rating, the prior rating and the date such S&P Rating was changed) 

  

	(m)	 S&P Recovery Rate 

 

	(n)	 S&P Weighted Average Rating Factor 

 

	(o)	 Whether such Collateral Loan is a Credit Risk Loan, Credit Improved Loan, Defaulted Loan, Current Pay
Obligation, Discount Loan, CCC Collateral Loan or First Lien/Last Out Loan 

  

	(p)	 Country of Domicile 

  

	(q)	 Frequency of interest payment 

 

	(r)	 Revolving Collateral Loans or Delayed Funding Loans 

 

	(s)	 Whether such Collateral Loan is owned via Participation Interest or is a
Cov-Lite Loan 

  

	(t)	 The LIBOR Floor or SOFR Floor in effect (if any) for each Collateral Loan 

 

	9.	 Collateral Loan rating status (listing of all Collateral Loans) 

 

	(a)	 Obligor name 

  

	(b)	 Collateral Loan purchase date 

  
 Exhibit D-2 

	(c)	 S&P Rating, unless such rating is based on a Credit Estimate unpublished by S&P (and, in the event of a
downgrade or withdrawal of the applicable S&P Rating, the prior rating and the date such S&P Rating was changed) 

  

	(d)	 Credit Estimate issue date (if applicable) 

 

	(e)	 Date of expiry of Credit Estimate (if applicable) 

 

	(f)	 Date of last amendment 

 

	10.	 For Defaulted Loans 

  

	(a)	 Default Date 

  

	(b)	 Days in Default 

  

	(c)	 Principal Balance 

  

	(d)	 Principal Collateralization Amount (and the method of calculation thereof) 

 

	(e)	 If an appraisal has been received in last 3 months 

 

	(f)	 Market Value 

  

	(g)	 Whether any default of the type specified in clauses (a) and (b) of the definition of “Defaulted
Loan” is unrelated to credit-related issues 

  

	11.	 Participations 

  

	(a)	 All loans owned via Participation Interest 

 

	(b)	 Selling Institution for each Participation Interest 

 

	(c)	 S&P Rating for each Selling Institution 

 

	12.	 Weighted Average S&P Recovery Rate 

 

	13.	 List of all First Lien/Last Out Loans 

 

	14.	 List all Discount Loans and applicable purchase price 

 

	15.	 List all Defaulted Loans 

 

	16.	 List all Long Dated Loans 

 

	17.	 Five S&P Monitor benchmarks 

 

	18.	 S&P Rating 

  

	19.	 List of all unelevated participations 

 

	20.	 Assets purchased or sold within the Due Period including 

 

	(a)	 Facility Name 

  

	(b)	 Trade/Settlement Dates 

 

	(c)	 Reason for sale/ Transaction Motivation (e.g. Discretionary, Credit Risk, Credit Improved)

  

	(d)	 Purchaser or seller is an affiliate of the Borrower? 

 

	(e)	 Par amount 

  
 Exhibit D-3 

	(f)	 Price 

  

	(g)	 Proceeds 

  

	(h)	 Accrued interest 

  

	21.	 List all Collateral Loans rated “CCC” (high) or below. 

  
 Exhibit D-4 

 EXHIBIT E 

Scope of Payment Date Report 
  

	1.	 Quarterly Payment Date waterfall list application of all Interest Proceeds and Principal Proceeds

  

	2.	 Beginning and ending balance of the Loans 

 

	3.	 Beginning and ending balance of all Covered Accounts 

 

	4.	 Calculations of the Collateral Quality Test and Coverage Tests 

  
 Exhibit E-1 

 EXHIBIT F 

Scope of Asset-Level Reporting to Lenders 

 

	1.	 At the request of the Administrative Agent (which request may only be made once every 12 months unless an Event
of Default has occurred and is continuing or any of the Coverage Tests are not satisfied, in which case such request may be made without any limitation), an information package (which may be provided via access to an online data site to be specified
to the Lenders by the Borrower) with respect to each asset that is Pledged Collateral, which will contain information as requested by the Administrative Agent, which may include credit agreements, amendments thereto, financial information (including
any “Management Discussion and Analysis” provided by such Obligor), financial statements and other summary financial data, and other material information as provided by such Obligor with respect to the applicable Related Contracts (the
“Asset Report”). 

  

	2.	 At any time that an Event of Default has occurred and is continuing or any of the Coverage Tests are not
satisfied, any Lender may request the following information: (i) the Asset Report to be delivered on a weekly basis and (ii) all other material information received by the Borrower from each Obligor and its Affiliates with respect to the
applicable Related Contracts. 

  
 Exhibit F-1 

 EXHIBIT G 

[FORM OF RETENTION LETTER] 

OWL ROCK TECHNOLOGY FINANCE CORP. II 

399 Park Avenue, 38th Floor 
 New
York, NY 10022 
 [Date] 
 Athena Funding I LLC 

399 Park Avenue, 38th Floor 
 New York, NY 10022 

Attention: Bryan Cole 
 Société
Générale, 
 as Administrative Agent 
 245 Park
Avenue, 4th Floor 
 New York, NY 10167 
 Attention: Julien
Thinat 
 Tel.: 
 Email: julien.thinat@sgcib.com 

with a copy to: 
 Société Générale

 480 Washington Blvd 
 Jersey City, NJ 07310 

Tel.: 
 Fax: 2 

Attention: Cheriese Brathwaite 
 Email: oper-fin-serv.us@sgss.socgen.com 
 [Affected Lender(s)] 

Re: Retention of Net Economic Interest 

1. This letter is being delivered in connection with the Credit Agreement dated as of July 15, 2022 (the “Credit Agreement”) among Athena
Funding I LLC, as borrower (the “Borrower”), the financial institutions referred to as “Lenders” in the Credit Agreement, State Street Bank and Trust Company, in its capacities as Collateral Agent, Collateral Administrator
and Custodian and Alter Domus (US) LLC, as Document Custodian, and Société Générale, as Administrative Agent. Pursuant to the terms of the Credit Agreement, Owl Rock Technology Finance Corp. II (the “Retention
Holder”) will act as retention holder for the purposes of the EU Retention Requirements. All capitalized terms used but not defined herein have the respective meanings given to such terms in the Credit Agreement. 

  
 Exh. G-1 

 2. It is acknowledged that clause (e) of the definition of “Eligibility Criteria” in the
Credit Agreement provides for the following requirements to be satisfied as of the date of each acquisition of a Collateral Loan (including in connection with a substitution pursuant to Section 10.1(a) of the Credit
Agreement): 
 “(e) if an acquisition or substitution of a Collateral Loan occurs on such date of determination, as of
such date, or, if not, as of the most recent date preceding such date of determination on which an acquisition or substitution of a Collateral Loan occurred, the aggregate outstanding principal amount of all Collateral Loans held by the Borrower
(immediately following any acquisition or substitution of any Collateral Loans on such date of determination) in respect of which the Retention Holder, either itself or through related entities (including the Borrower), directly or indirectly, was
involved or will be involved in negotiating the original agreement which created the relevant Collateral Loan is greater than 50% of the aggregate outstanding principal amount of all Collateral Loans then held by the Borrower.” 

3. The Retention Holder hereby irrevocably and unconditionally undertakes and agrees for the benefit of the Borrower, the Administrative Agent and each
Affected Lender for so long as any Obligation remains outstanding and the EU Retention Requirements so require: 
  

	 	a.	 that it will retain as originator for the purposes of the EU Retention Requirements, on an ongoing basis, a
material net economic interest in the securitisation transaction contemplated by the Loan Documents in the form specified in paragraph (d) of Article 6(3) of the Securitisation Regulation by holding 100% of the Equity Interests in the Borrower
(the “Retained Interest”); 

  

	 	b.	 that at any time the excess of (i) the sum of the Aggregate Principal Balance of all Collateral Loans then
held by the Borrower and the amount then standing to the credit of the Principal Collection Account (including any portion of such amount invested in Eligible Investments) (the “Aggregate Principal Asset Balance”) over (ii) the
aggregate principal amount of all Loans outstanding at such time shall be equal to or greater than 5% of the Aggregate Principal Asset Balance; 

  

	 	c.	 that it shall not, and shall procure that its Affiliates do not, sell, hedge or otherwise mitigate its credit
risk under or associated with the Retained Interest, except to the extent permitted in accordance with the EU Retention Requirements; 

  

	 	d.	 that it established the transaction contemplated by the Credit Agreement and the other Loan Documents;

  

	 	e.	 that, on any date on which the Borrower acquires a Collateral Loan or a Collateral Loan is substituted by the
Borrower, the aggregate outstanding principal amount of all Collateral Loans held by the Borrower (immediately following any acquisition, or substitution of any Collateral Loans on such date of determination) in respect of which the Retention
Holder, either itself or through related entities (including the Borrower), directly or indirectly, was involved or will be involved in negotiating the original agreement which created the relevant Collateral Loan (such Collateral Loans,
“Retention Holder Originated Collateral Loans”) will be greater than 50% of the aggregate outstanding principal amount of all Collateral Loans then held by the Borrower; 

  
 Exh. G-2 

	 	f.	 that it has a business strategy and the capacity to meet payment obligations consistent with a broader business
enterprise and involving material support from capital, assets, fees or other income available to it, relying neither on the Collateral Loans or other exposures securitized by it nor on the Retained Interest or any other interests retained or
proposed to be retained, as well as any corresponding income from such exposures and interests; 

  

	 	g.	 that its responsible decision-makers have the required experience to
enable it to pursue its business strategy, as well as an adequate corporate governance arrangement; 

  

	 	h.	 that each Retention Holder Originated Collateral Loan acquired by or substituted to, the Borrower, whether
prior to or following the Closing Date, has been and will be originated on the basis of sound and well-defined criteria and clearly established processes for approving, amending, renewing and financing those credits and it has effective systems in
place to apply those criteria and processes to ensure that credit-granting is based on a thorough assessment of each obligor’s creditworthiness; 

  

	 	i.	 that it has not and will not select Collateral Loans to be acquired by or substituted to, the Borrower with the
aim of rendering losses on such Collateral Loans, measured over the period during which Obligations are outstanding higher than the losses over the same period on comparable assets held on its balance sheet; 

 

	 	j.	 that it will confirm in writing its continued compliance with the requirements set forth in clauses
(a) through (i) above to the Borrower (who shall furnish such information to the Administrative Agent for distribution to each Affected Lender): 

  

	 	i.	 on a monthly basis pursuant to Section 5.1(r)(iii) of the Credit Agreement
(concurrent with the delivery of each Collateral Report); 

  

	 	ii.	 upon any written request therefor by or on behalf of the Borrower or any Affected Lender delivered as a result
of a material change in (x) the performance of the Loans, (y) the risk characteristics of the transaction, or (z) the Collateral Loans from time to time, pursuant to Section 5.1(r)(iv) of the Credit
Agreement; and 

  

	 	iii.	 promptly upon the Borrower and/or the Retention Holder becoming aware of any material breach of the obligations
included in any Loan Document, pursuant to Section 5.1(r)(ii) of the Credit Agreement; 

  

	 	k.	 that it will, promptly following a request by any Affected Lender, provide a refreshed letter in substantially
the form of this letter in connection with a material amendment of any Loan Document, in each case where the Borrower has received a request for the same from an Affected Lender pursuant to Section 5.1(r)(i) of the Credit
Agreement; 

  
 Exh. G-3 

	 	l.	 it shall notify the Borrower, each Affected Lender and the Administrative Agent as soon as reasonably practical
if for any reason: (i) it has ceased to hold the Retained Interest in accordance with paragraph (a) above; or (ii) it has failed in any way to comply with any of the undertakings set out in paragraphs (b), (c), (e), (g) or
(h) above; and 

  

	 	m.	 that it will, promptly following a request by an Affected Lender, provide such additional information as such
Affected Lender may reasonably request in order for such Affected Lender to comply with the Securitisation Regulation which is either in the possession of the Retention Holder or can be obtained at no material cost to the Retention Holder.

 4. The Retention Holder hereby makes the following representations for the benefit of the Borrower, the Administrative Agent and each
Affected Lender: 
  

	 	a.	 the Retention Holder is a corporation, duly established and validly existing under the laws of Maryland, and
has full power and authority to own its assets proposed to be owned by it including the Retained Interest and to transact the business in which it is presently engaged; 

 

	 	b.	 the Retention Holder has full power and authority to execute and deliver this letter and to perform all of its
obligations required hereunder and has taken all necessary action to authorize this letter on the terms and conditions hereof and the execution, delivery and performance of this letter and the performance of all obligations imposed upon it
hereunder; 

  

	 	c.	 no consent of any other person, including, without limitation, investors in and creditors of the Retention
Holder, and no license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any governmental authority, other than those that have been or shall be obtained in connection with this
letter, is required by the Retention Holder in connection with this letter or the execution, delivery, performance, validity or enforceability of this letter or the obligations imposed upon it hereunder; 

 

	 	d.	 this letter constitutes the legally valid and binding obligations of the Retention Holder enforceable against
the Retention Holder in accordance with its terms, subject, as to enforcement, to (i) the effect of bankruptcy, examination, insolvency or similar laws affecting generally the enforcement of creditors’ rights, as such laws would apply in
the event of any bankruptcy, examination, receivership, insolvency or similar event applicable to the Retention Holder and (ii) general equitable principles (whether enforceability of such principles is considered in a proceeding at law or in
equity); and 

  
 Exh. G-4 

	 	e.	 the execution, delivery and performance of this letter will not violate any provision of any existing law or
regulation binding on the Retention Holder, or any order, judgment, award or decree of any court, arbitrator or governmental authority binding on the Retention Holder, or the organizational documents of, or any securities issued by, the Retention
Holder, the violation of which would reasonably be expected to adversely affect in a material manner its ability to perform its obligations hereunder. 

5. The Retention Holder hereby confirms that it has reviewed the Loan Documents and has participated in the selection of the Collateral Loans, if any,
transferred to the Borrower prior to the Closing Date. 
 6. This letter shall not be assignable by the Retention Holder without the prior written consent
of the Borrower, the Administrative Agent and each Affected Lender. This letter may not be amended or any provision hereof waived or modified except by an instrument in writing signed by each of the Retention Holder, the Borrower, the Administrative
Agent and each Affected Lender. This letter may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one agreement. Delivery of an executed counterpart of a signature
page of this letter by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. This letter supersedes all prior understandings, whether written or oral, between us with respect to the
matters set forth herein. 
 7. THIS LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. Each of the
parties hereto and, by its acceptance hereof, each addressee of this letter hereby irrevocably and unconditionally (a) submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the
United States of America sitting in New York City in the Borough of Manhattan, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this letter or the transactions contemplated hereby or thereby,
or for recognition or enforcement of any judgment, and agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court,
(b) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this letter or the transactions
contemplated hereby or thereby in any New York State court or in any such Federal court and (c) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any
such court. 
 8. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM BROUGHT BY OR ON
BEHALF OF ANY PARTY RELATED TO OR ARISING OUT OF THIS LETTER. 
 [Remainder of page intentionally left blank] 

  
 Exh. G-5 

  

			
	Very Truly Yours,
	
	OWL ROCK TECHNOLOGY FINANCE CORP. II
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	Acknowledged and agreed by:
	
	ATHENA FUNDING I LLC, as Borrower
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	SOCIÉTÉ GÉNÉRALE, as Administrative Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 Exhibit G-6 

 EXHIBIT H 

[FORM OF RELATED CONTRACT DOCUMENT REQUEST] 

[Delivery Date] 
 Alter Domus (US) LLC, as
Document Custodian 
 225 W. Washington St., 9th Floor 

Chicago, IL 60606 
 Attention: Doc Custody and Legal Department

 Facsimile No.: 312-378-0751 

Email: DocCustody@alterdomus.com; legal@alterdomus.com; 

matthew.trybula@alterdomus.com 
 With a copy to: 

State Street Bank and Trust Company, 
 as Collateral Agent 

Attention: Structured Trust & Analytics 
 Mail Stop:
JAB0577 
 1776 Heritage Drive 
 North Quincy, MA 02171 

Facsimile No.: (617) 937-4358 

Email: scott.berry@statestreet.com 
  

	Re:	 Credit Agreement, dated as of July 15, 2022, among Athena Funding I LLC, as the Borrower, the Lenders
party thereto from time to time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document
Custodian (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) 

 Ladies and
Gentlemen: 
 Pursuant to Article XV of the Credit Agreement and in connection with the custody of the Related Contracts held by
Alter Domus (US) LLC, as the Document Custodian, for the benefit of the Secured Parties, under the Credit Agreement, we request the release of the Related Contracts (or such documents as specified below) for the Collateral Loans described below
or in the attached Excel spreadsheet, for the reason indicated below.5 In connection with such request, the Services Provider hereby confirms that [no Event of Default has occurred and is
continuing] [an Event of Default has occurred and is continuing and the Administrative Agent has consented to the release of the documents specified below], all amounts received in connection with any liquidation of the Collateral Loans described
below or in the attached Excel spreadsheet have been credited to the Collection Account and the conditions to release have been met as specified in Section 14.5 of the 

 

	5 	 Please specify the Related Contracts to be returned and recite reason for such return.

  
 Exhibit H-1 

 Credit Agreement. All capitalized terms used but not defined herein shall have the meaning provided in the
Credit Agreement. 
 Obligor’s Name, Address & Zip Code: 

Collateral Loan Number: 
 Collateral Loan File:

 Reason for Requested Documents (check one) 
  

	         	 1. Pledged Collateral Paid in Full. 

 

	         	 2. Pledged Asset Being Sold in Whole (and Not in Part). 

 

	         	 3. Other (explain) 

  

					
		 	 	 	
		 	 	 	
		 	 	 	

 If box 1 or 2 above is checked, and if all or part of the Related Contracts were previously released to us, please
release to us the Related Contracts, requested in our previous request and receipt on file with you, as well as any additional documents in your possession relating to the specified Collateral Loan. 

Delivery Instructions – Address Needed: 
  

					
		 	 	 	
		 	 	 	
		 	 	 	
		 	 	 	

 [Remainder intentionally left blank] 

  
 Exhibit H-2 

 IN WITNESS WHEREOF, this Related Contract Document Request has been executed as of the date
first written above: 
  

			
	 OWL ROCK TECHNOLOGY FINANCE
CORP. II, as the Services Provider

		
	 By:
	 	 
		 	 Name:

		 	 Title:

		
	 Date:
	 	

  
 Exhibit H-3 

 EXHIBIT I-1 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of July 15, 2022 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Athena Funding I LLC, as the Borrower, the Lender party thereto from time to time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as
Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian. 
 Pursuant to the provisions
of Section 11.3 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is
providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a “ten percent shareholder” of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code and (iv) it is not a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Agent and the Borrower with a certificate of its
non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as
applicable (or applicable successor form). By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall promptly so inform the Borrower and the Agent, and
(2) the undersigned shall have at all times furnished the Borrower and the Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of
the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein
shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER] 

 

			
	By:	 	 
		 	Name:
		 	Title:
		
	Date:	 	                 , 20[•]

  

  
 Exhibit I-1-1 

 EXHIBIT I-2 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of July 15, 2022 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Athena Funding I LLC as the Borrower, the Lenders party thereto from time to time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as
Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian. 
 Pursuant to the provisions
of Section 11.3 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is
not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a “ten percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a
“controlled foreign corporation” related to the Borrower as described in Section 871(h)(3)(C) of the Code. 
 The undersigned
has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or applicable successor form). By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned
shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made
to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 

 

			
	By:	 	 
		 	Name:
		 	Title:
		
	Date:	 	                     , 20[•]

  

  
 Exhibit I-1-1 

 EXHIBIT I-3 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of July 15, 2022 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Athena Funding I LLC, as the Borrower, the Lenders party thereto from time to time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as
Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian. 
 Pursuant to the provisions
of Section 11.3 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a “bank” extending credit pursuant to a loan
agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a “ten percent shareholder” of the Borrower
within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code.

 The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by
one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable or (applicable successor form), or (ii) an IRS Form W-8IMY accompanied by an IRS
Form W-8BEN or IRS Form W-8BEN-E, as applicable or (applicable successor form), from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall
promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 

 

			
		
	By:	 	 
		 	Name:
		 	Title:
		
	Date:	 	                     , 20[•]

  

  
 Exhibit I-3-1 

 EXHIBIT I-4 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of July 15, 2022 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Athena Funding I LLC, as the Borrower, the Lenders party thereto from time to time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as
Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian. 
 Pursuant to the provisions
of Section 11.3 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this
certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Agreement or any
other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a “bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a “ten percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or
indirect partners/members is a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Agent and the Borrower with IRS Form W-8IMY accompanied by one
of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS
Form W-8BEN E, as applicable or (applicable successor form), or (ii) an IRS Form W-8IMY accompanied by an IRS
Form W-8BEN or IRS Form W-8BEN-E, as applicable or (applicable successor form), from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall
promptly so inform the Borrower and the Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Agent with a properly completed and currently effective certificate in either the calendar year in which each payment
is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER] 

 

			
		
	By:	 	 
		 	Name:
		 	Title:
		
	Date:	 	                     , 20[•]

  

  
 Exhibit I-4-1 

 EXHIBIT J 

DOCUMENT CHECKLIST 
 Collateral Loan:
______________ 
 Obligor Name:_____________________ 

Date:_______________________ 
  

					
	Required Related Contract	  	Description of Related Contract	  	Original or Copy/Status
		  		  	
	 a)  original promissory note/copy of original promissory note [and lost note
affidavit]
	  		  	
	 b)  copies of each transfer document 
or instrument from the prior owner to the
Borrower
	  		  	
	 c)  guaranty, if any
	  		  	
	 d)  loan agreement
	  		  	
	 e)  note purchase agreement, if any
	  		  	
	 f)   security agreement
	  		  	
	 g)  [Any other documents as the Document Custodian may deem necessary, as notified to
the Borrower prior to delivery of the Document Checklist]
	  		  	

 The undersigned certifies that the above Related Contracts have been delivered to Alter Domus (US) LLC, as Document
Custodian, on the date referenced above. 
 [Borrower] or [Services Provider] 
  

			
	By:	 	 
		 	Name:________________________________________
		 	Title:_________________________

  
 Exhibit J-1 

 EXHIBIT K 

AUTHORIZED REPRESENTATIVES OF SERVICES PROVIDER 
  

					
	 Name
	  		  	 Signature

			
	 	  		  	 
			
	 	  		  	 
			
	 	  		  	 

  
 Exhibit K-1 

 EXHIBIT L 

FORM OF [PREPAYMENT][COMMITMENT REDUCTION]6 NOTICE 

[●] 
 Standard & Poor’s Rating Service 

55 Water Street, 41st Floor 
 New York, New York 10041-0003 
 Email: cdo_surveillance@spglobal.com 

Date: [●]/20[●] 
 Re: [Voluntary
Prepayment][Commitment Reduction]7 
 Reference is made to the Credit Agreement, dated as of
July 15, 2022, among Athena Funding I LLC, as Borrower, the Lenders party thereto from time to time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral
Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian, as amended from time to time in accordance with its terms, (the “Credit Agreement”). Capitalized terms used but not otherwise defined herein shall
have the respective meanings assigned to such terms in the Credit Agreement. 
 In accordance with Section 2.7 of the Credit
Agreement, we hereby provide notice that as of [•], 20[•], the [Revolving Loans][Term Loans]8 will be prepaid in the principal amount of $[•] together with accrued interest thereon
to the date of prepayment [and the Commitment Reduction Amount shall be $[•]]9. 
 I, the
undersigned, an Authorized Officer of the Borrower hereby certifies that the requirements set forth in Section 2.7(e) of the Credit Agreement with respect to such proposed prepayment of the [Revolving Loans][Term Loans]10 have been satisfied. 
 [Signature page follows] 

 

	6 	 Delete as appropriate 

	7 	 Delete as appropriate 

	8 	 Delete as appropriate 

	9 	 Insert if there is a reduction of the Total Revolving Commitment. 

	10 	 Delete as appropriate 

  
 Exhibit L-1 

 IN WITNESS WHEREOF, this Certificate has been executed as of the date first written above.

  

			
	ATHENA FUNDING I LLC, as Borrower
		
	By:	 	 
		 	Name:
		 	Title:

  
 Exhibit L-2 

 EXHIBIT M 

FORM OF FINANCIAL STATEMENT CERTIFICATE OF AN AUTHORIZED 

OFFICER OF THE BORROWER PURSUANT TO SECTION 5.1(B) 

[●] 
 State Street Bank and Trust Company, 

as Custodian, Collateral Agent, Collateral Administrator and Securities Intermediary 

Attention: Structured Trust & Analytics 
 Mail Stop:
JAB0577 
 1776 Heritage Drive 
 North Quincy, MA 02171 

Facsimile No.: (617) 937-4358 

Email: scott.berry@statestreet.com 
 Alter Domus (US) LLC,

 as Document Custodian 
 225 W. Washington St., 9th Floor Chicago, IL 60606 
 Attention: Doc Custody and Legal Department 

Facsimile No.: 312-378-0751 

Email: DocCustody@alterdomus.com; 
 legal@alterdomus.com; 

matthew.trybula@alterdomus.com 
 Standard & Poor’s
Rating Service 
 55 Water Street, 41st Floor 
 New York,
New York 10041-0003 
 Email: cdo_surveillance@spglobal.com 

Date: [l]/20[l] 
 This certificate (the
“Certificate”) is being delivered in connection with Section 5.1(b) of the Credit Agreement, dated as of July 15, 2022, among Athena Funding I LLC, as Borrower, the Lenders party thereto from time to
time, Société Générale, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Alter Domus (US) LLC, as Document Custodian, as amended from time
to time in accordance with its terms, (the “Credit Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Credit Agreement. 

I, the undersigned, am an Authorized Officer of [•], a [•] (the “Company”), and do hereby certify to my knowledge, as of the date
of this certificate, (x) that the financial statements delivered with this Certificate fairly present in all material respects the financial condition and the results of operations of the Borrower on the dates and for the periods indicated, on
the basis of GAAP, subject, in the case of interim financial statements, to normally recurring year-end adjustments and the absence of notes, and (y) that I have reviewed the terms of the Loan Documents
and have made, or caused to be made under my supervision, a review in reasonable detail of the business 

  
 Exhibit M-1 

 
and condition of the Borrower during the period beginning on the date through which the last such review was made pursuant to Section 5.1(b) of the Credit Agreement (or,
in the case of the first certification pursuant to Section 5.1(b) of the Credit Agreement, the Closing Date) and ending on a date not more than [five] Business Days prior to the date of such delivery and that on the basis
of such financial statements and such review of the Loan Documents, [no Default has occurred and is continuing][a Default has occurred and is continuing with respect to [•], and the Services Provider [is taking] [proposes to take] the following
actions to cure such Default: 
 [•]].11 

Attached hereto are the balance sheet of the Borrower as of the end of the most recently concluded fiscal quarter and any related statements of operations for
such fiscal quarter and for the portion of the Borrower’s fiscal year ended at the end of such quarter. 
 IN WITNESS WHEREOF, this Certificate has
been executed as of the date first written above. 
  

			
	ATHENA FUNDING I LLC, as Borrower
		
	By:	 	 
		 	Name:
		 	Title:

  

	11 	 Please provide nature and extent of Default, and if continuing, the action the Services Provider is taking or
proposed to take in respect thereof. 

  
 Exhibit M-2

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