Document:

Form of Medium-Term Notes, Series K, Principal at Risk Securities Linked

 Exhibit 4.1 

[Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
  

	 CUSIP NO. 94986RJ51 
	 FACE AMOUNT: $                

 REGISTERED NO.      

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the MSCI EAFE Index® 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the Cash
Settlement Amount (as defined below), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, on the Stated Maturity Date. The “Stated Maturity
Date” shall be May 1, 2018. If the Determination Date (as defined below) is postponed, the Stated Maturity Date will be postponed to the third Business Day (as defined below) after the Determination Date as postponed. This Security
shall not bear any interest. 
 Any payments on this Security at Maturity will be made against presentation of this Security
at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. 

“Face Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this
Security as its “Face Amount.” 

 Determination of Cash Settlement Amount and Certain Definitions 

The “Cash Settlement Amount” of this Security will equal: 

 

	 	•	 	if the Final Underlier Level is greater than or equal to the Cap Level, the Maximum Settlement Amount; 

  

	 	•	 	if the Final Underlier Level is greater than the Initial Underlier Level, but less than the Cap Level, the sum of (i) the Face Amount plus (ii) the product of (a) the Face Amount times (b) the Upside
Participation Rate times (c) the Underlier Return; 

  

	 	•	 	if the Final Underlier Level is equal to or less than the Initial Underlier Level but greater than or equal to the Buffer Level, the Face Amount; or 

 

	 	•	 	if the Final Underlier Level is less than the Buffer Level, the sum of (i) the Face Amount plus (ii) the product of (a) the Buffer Rate times (b) the sum of the Underlier Return plus the Buffer
Amount times (c) the Face Amount. 

 All calculations with respect to the Cash Settlement Amount will be rounded to the
nearest one hundred-thousandth, with five one-millionths rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Cash Settlement Amount will be rounded to the nearest cent, with one-half cent rounded upward. 

The “Underlier” shall mean the MSCI EAFE Index®.

 The “Trade Date” shall mean March 30, 2016. 

The “Initial Underlier Level” is 1,660.68, the Closing Level of the Underlier on the Trade Date. 

The “Closing Level” of the Underlier on any Trading Day means the official closing level of the Underlier
reported by the Underlier Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the licensed third-party market data vendor contracted by the Calculation Agent at such time; in particular, taking into account the
decimal precision and/or rounding convention employed by such licensed third-party market data vendor on such date, subject to the provisions set forth below under “Discontinuance of The Underlier; Alteration of Method of Calculation” and
“Market Disruption Events.” 
 The “Final Underlier Level” will be the Closing Level of the
Underlier on the Determination Date. 
 The “Underlier Return” will be the quotient of (i) the Final
Underlier Level minus the Initial Underlier Level divided by (ii) the Initial Underlier Level, expressed as a percentage. 

The “Cap Level” is 1,992.816, which is equal to 120% of the Initial Underlier Level. 

  
 2 

 The “Buffer Level” is 1,453.095, which is equal to 87.5% of the
Initial Underlier Level. 
 The “Maximum Settlement Amount” is 132.00% of the Face Amount of this Security.

 The “Buffer Amount” is 12.5%. 

The “Buffer Rate” is equal to the Initial Underlier Level divided by the Buffer Level. 

The “Upside Participation Rate” is 1.6. 

“Underlier Sponsor” shall mean MSCI, Inc. 

“Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions are authorized or required by law or regulation to close in New York, New York. 
 A
“Trading Day” means a day, as determined by the Calculation Agent, on which (i) the Underlier Sponsor is scheduled to publish the level of the Underlier and (ii) each Related Futures or Options Exchange is scheduled to be
open for trading for its regular trading session. 
 A “Relevant Stock Exchange” for any security
underlying the Underlier means the primary exchange or quotation system on which such security is traded, as determined by the Calculation Agent. 

The “Related Futures or Options Exchange” for the Underlier means an exchange or quotation system where
trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Underlier. 

The “Determination Date” shall be April 26, 2018. If such day is not a Trading Day, the Determination
Date will be postponed to the next succeeding Trading Day. The Determination Date is also subject to postponement due to the occurrence of a Market Disruption Event. See “–Market Disruption Events” below. 

“Calculation Agent Agreement” shall mean the Calculation Agent Agreement dated as of March 18, 2015
between the Company and the Calculation Agent, as amended from time to time. 
 “Calculation Agent” shall
mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Final Underlier Level and the Cash Settlement Amount, which term shall, unless the context otherwise
requires, include its successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time
to time after the initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this Security. 

  
 3 

 Discontinuance Of The Underlier; Alteration Of Method Of Calculation 

If the Underlier Sponsor discontinues publication of the Underlier, and the Underlier Sponsor or another entity publishes a
successor or substitute equity index that the Calculation Agent determines, in its sole discretion, to be comparable to the Underlier (a “Successor Underlier”), then, upon the Calculation Agent’s notification of that
determination to the Trustee and the Company, the Calculation Agent will substitute the Successor Underlier as calculated by the Underlier Sponsor or any other entity and calculate the Final Underlier Level as described above. Upon any selection by
the Calculation Agent of a Successor Underlier, the Company will cause notice to be given to the Holder of this Security. 

In the event that the Underlier Sponsor discontinues publication of the Underlier prior to, and the discontinuance is
continuing on, the Determination Date and the Calculation Agent determines that no Successor Underlier is available at such time, the Calculation Agent will calculate a substitute Closing Level for the Underlier in accordance with the formula for
and method of calculating the Underlier last in effect prior to the discontinuance, but using only those securities that comprised the Underlier immediately prior to that discontinuance. If a Successor Underlier is selected or the Calculation Agent
calculates a level as a substitute for the Underlier, the Successor Underlier or level will be used as a substitute for the Underlier for all purposes, including the purpose of determining whether a Market Disruption Event exists. 

If on the Determination Date the Underlier Sponsor fails to calculate and announce the level of the Underlier, the
Calculation Agent will calculate a substitute Closing Level of the Underlier in accordance with the formula for and method of calculating the Underlier last in effect prior to the failure, but using only those securities that comprised the Underlier
immediately prior to that failure; provided that, if a Market Disruption Event occurs or is continuing on such day, then the provisions set forth below under “–Market Disruption Events” shall apply in lieu of the foregoing.

 If at any time the Underlier Sponsor makes a material change in the formula for or the method of calculating the
Underlier, or in any other way materially modifies the Underlier (other than a modification prescribed in that formula or method to maintain the Underlier in the event of changes in constituent stock and capitalization and other routine events),
then, from and after that time, the Calculation Agent will, at the close of business in New York, New York, on each date that the Closing Level of the Underlier is to be calculated, calculate a substitute Closing Level of the Underlier in accordance
with the formula for and method of calculating the Underlier last in effect prior to the change, but using only those securities that comprised the Underlier immediately prior to that change. Accordingly, if the method of calculating the Underlier
is modified so that the level of the Underlier is a fraction or a multiple of what it would have been if it had not been modified, then the Calculation Agent will adjust the Underlier in order to arrive at a level of the Underlier as if it had not
been modified. 

  
 4 

 Market Disruption Events 

A “Market Disruption Event” means any of (A), (B), (C) or (D) below, as determined by the Calculation Agent in its
sole discretion: 
  

	 	(A)	 Any of the following events occurs or exists with respect to any security included in the Underlier or any Successor Underlier, and the aggregate
of all securities included in the Underlier or Successor Underlier with respect to which any such event occurs comprise 20% or more of the level of the Underlier or Successor Underlier: 

 

	 	•	 	 a material suspension of or limitation imposed on trading by the Relevant Stock Exchange for such security or otherwise at any time during the
one-hour period that ends at the Scheduled Closing Time for the Relevant Stock Exchange for such security on that day, whether by reason of movements in price exceeding limits permitted by the Relevant Stock Exchange or otherwise;

  

	 	•	 	 any event, other than an early closure, that materially disrupts or impairs the ability of market participants in general to effect transactions
in, or obtain market values for, such security on its Relevant Stock Exchange at any time during the one-hour period that ends at the Scheduled Closing Time for the Relevant Stock Exchange for such security on that day; or 

 

	 	•	 	 the closure on any Exchange Business Day of the Relevant Stock Exchange for such security prior to its Scheduled Closing Time unless the earlier
closing is announced by such Relevant Stock Exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such Relevant Stock Exchange and (ii) the submission deadline for orders to be
entered into the Relevant Stock Exchange system for execution at the Scheduled Closing Time for such Relevant Stock Exchange on that day. 

  

	 	(B)	 Any of the following events occurs or exists with respect to futures or options contracts relating to the Underlier or any Successor Underlier:

  

	 	•	 	 a material suspension of or limitation imposed on trading by any Related Futures or Options Exchange or otherwise at any time during the one-hour
period that ends at the close of trading on such Related Futures or Options Exchange on that day, whether by reason of movements in price exceeding limits permitted by the Related Futures or Options Exchange or otherwise; 

 

	 	•	 	 any event, other than an early closure, that materially disrupts or impairs the ability of market participants in general to effect transactions
in, or obtain market values for, futures or options contracts relating to the Underlier or Successor Underlier on any Related Futures or Options Exchange at any time during the one-hour period that ends at the close of trading on such Related
Futures or Options Exchange on that day; or 

  
 5 

	 	•	 	 the closure on any Exchange Business Day of any Related Futures or Options Exchange prior to its Scheduled Closing Time unless the earlier closing
time is announced by such Related Futures or Options Exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such Related Futures or Options Exchange and (ii) the submission
deadline for orders to be entered into the Related Futures or Options Exchange system for execution at the close of trading for such Related Futures or Options Exchange on that day. 

 

	 	(C)	 The relevant underlier sponsor fails to publish the level of the Underlier or any Successor Underlier (other than as a result of the relevant
underlier sponsor having discontinued publication of the Underlier or Successor Underlier and no Successor Underlier being available). 

  

	 	(D)	 Any Related Futures or Options Exchange fails to open for trading during its regular trading session. 

For purposes of determining whether a Market Disruption Event has occurred: 

 

	 	(1)	 the relevant percentage contribution of a security included in the Underlier or any Successor Underlier to the level of such underlier will be
based on a comparison of (x) the portion of the level of such underlier attributable to that security to (y) the overall level of such underlier, in each case using the official opening weightings as published by the relevant underlier
sponsor as part of the market opening data; 

  

	 	(2)	 the “Scheduled Closing Time” of any Relevant Stock Exchange or Related Futures or Options Exchange on any Trading Day means the
scheduled weekday closing time of such Relevant Stock Exchange or Related Futures or Options Exchange on such Trading Day, without regard to after hours or any other trading outside the regular trading session hours; and 

 

	 	(3)	 an “Exchange Business Day” means any Trading Day on which (i) the relevant underlier sponsor publishes the level of the
Underlier or any Successor Underlier and (ii) each Related Futures or Options Exchange is open for trading during its regular trading session, notwithstanding any Related Futures or Options Exchange closing prior to its Scheduled Closing Time.

 If a Market Disruption Event occurs or is continuing on the Determination Date, then the Determination Date will be
postponed to the first succeeding Trading Day on which a Market Disruption Event has not occurred and is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth Trading Day after the originally scheduled
Determination Date, that eighth Trading Day shall be deemed to be the Determination Date. If the Determination Date has been postponed eight Trading Days after the originally scheduled Determination Date and a Market Disruption Event occurs or is
continuing on such eighth Trading Day, the Calculation Agent will determine the Closing Level of the Underlier on such eighth Trading Day in accordance with the formula for and method of calculating the Closing Level of the Underlier last in effect
prior to commencement of the Market Disruption Event, using the closing price (or, with respect to any relevant security, if a Market Disruption Event 

  
 6 

 
has occurred with respect to such security, its good faith estimate of the value of such security at the time at which the official Closing Level of the Underlier is calculated and published by
the Underlier Sponsor) on such date of each security included in the Underlier. As used herein, “closing price” means, with respect to any security on any date, the Relevant Stock Exchange traded or quoted price of such security as
of the time at which the official Closing Level of the Underlier is calculated and published by the Underlier Sponsor. 
 Calculation Agent

 The Calculation Agent will determine the Cash Settlement Amount and the Final Underlier Level. In addition, the
Calculation Agent will (i) determine if adjustments are required to the Closing Level of the Underlier under the circumstances described in this Security, (ii) if publication of the Underlier is discontinued, select a Successor Underlier
or, if no Successor Underlier is available, determine the Closing Level of the Underlier under the circumstances described in this Security, and (iii) determine whether a Market Disruption Event or non-Trading Day has occurred. 

The Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which
shall be a broker-dealer, bank or other financial institution) with respect to this Security. 

All determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the
Calculation Agent and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security. 

Tax Considerations 

The Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be
deemed to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States federal income tax purposes to characterize this Security as a prepaid derivative contract that is an “open
transaction.” 
 Redemption and Repayment 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior
to May 1, 2018. This Security is not entitled to any sinking fund. 
 Acceleration 

If an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Cash
Settlement Amount (calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted
under the Indenture will be equal to the Cash Settlement Amount hereof calculated as provided herein as though the date of acceleration was the Determination Date. 
  

 

  
 7 

 Reference is hereby made to the further provisions of this Security set forth on
the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual
signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[The remainder of this page has been left intentionally blank] 

  
 8 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
 DATED: 
  

					
	WELLS FARGO & COMPANY
		
	By:	 	 
			
		 	Its:	 	 

 [SEAL] 
  

					
	Attest:	 	 
			
		 	Its:	 	 

  

			
	 TRUSTEE’S CERTIFICATE OF

AUTHENTICATION
 This is one of the Securities of the

series designated therein described
 in the within-mentioned Indenture.

	
	 CITIBANK, N.A.,

      as Trustee

		
	By:	 	 
		 	Authorized Signature
	
	OR
	
	 WELLS FARGO BANK, N.A.,

  as Authenticating Agent for the Trustee

		
	By:	 	 
		 	Authorized Signature

  
 9 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Principal at Risk Securities Linked to the MSCI EAFE Index® 

This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more
foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies. 

Article Sixteen of the Indenture shall not apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also contains 

  
 10 

 
provisions permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the Indenture, acting together as a
class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences may be waived under the Indenture by the
Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Solely for the purpose of determining whether any consent, waiver, notice or other action
or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this Security will be deemed to
be equal to the amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of
any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of
Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the
Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the
Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not
appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form
and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for
definitive Securities in registered 

  
 11 

 
form, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global
Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the Cash Settlement Amount at the times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security. 

No Personal Recourse 

No recourse shall be had for the payment of the Cash Settlement Amount, or for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of
any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined in this Security. 
 Governing Law 

This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to
principles of conflicts of laws. 

  
 12 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they
were written out in full according to applicable laws or regulations: 
  

					
	 TEN COM
	 	  -- 
	 	 as tenants in common

			
	 TEN ENT
	 	  -- 
	 	 as tenants by the entireties

			
	 JT TEN
	 	  -- 
	 	 as joint tenants with right

of survivorship and not
 as
tenants in common

  

									
	 UNIF GIFT MIN ACT
	 	  -- 
	 	 	 	 Custodian
	 	 
		 		 	(Cust)	 		 	(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	   

	(State)

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 

	
	 Please Insert Social Security or
 Other
Identifying Number of Assignee

	
	   

  
  

 
  
  

 
 (PLEASE
PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
 13 

 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and
appoint                                      attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises. 
 Dated:
                                         
        
  

	
	   

  

	
	   

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any change whatever. 

  
 14EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO CREDIT AGREEMENT 

This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of March 31, 2016 is entered into by and among
OAKTREE CAPITAL MANAGEMENT, L.P., a Delaware limited partnership, OAKTREE CAPITAL II, L.P., a Delaware limited partnership, OAKTREE AIF INVESTMENTS, L.P., a Delaware limited partnership, OAKTREE CAPITAL I, L.P., a Delaware limited partnership (each
a “Borrower” and collectively, the “Borrowers”); the Lenders (as defined in the Credit Agreement referred to below); and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). Capitalized terms used and not otherwise defined in this Amendment shall have the same meanings in this Amendment as set forth in the Credit Agreement defined below. 

WHEREAS, the above mentioned parties have previously entered into that certain Credit Agreement, dated as of March 31, 2014 (as amended
by that certain First Amendment to Credit Agreement, dated as of November 3, 2014, the “Credit Agreement”). 

WHEREAS, the Borrowers have requested an extension of the Maturity Date and certain other amendments to the Credit Agreement as set forth
below, and the Administrative Agent and the Lenders, on the terms and subject to the conditions set forth herein, have agreed to so amend the Credit Agreement. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth below and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree, except as otherwise set
forth herein, as of the Second Amendment Effective Date as follows: 
 SECTION 1. Amendments. On the terms of this Amendment
and subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows as of the Second Amendment Effective Date: 

(a) Alternate Base Rate. The definition of “Alternate Base Rate” in Section 1.1 of the Credit Agreement is hereby
amended by adding the following sentence at the end thereof: 
 “Notwithstanding the foregoing, if the One Month LIBOR Rate shall be
less than zero, such rate shall be deemed to be zero for purposes of this Agreement.” 
 (b) Assets Under Management. 

(i) The definition of “Assets Under Management” in Section 1.1 of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 “Assets Under Management” means the Net Asset Value of all assets managed by OCG and its
subsidiaries and affiliates (other than any assets held in CLOs), plus the amount of (a) any undrawn capital that may be called from investors in all investment funds managed by OCG and its subsidiaries and affiliates pursuant to the capital
commitments of such investors to such investment funds, (b) fund-level leverage that generates management fees, and (c) the aggregate par value of collateral assets and principal cash held by CLOs of OCG and its subsidiaries and
affiliates. As used in this definition, “Net Asset Value” means, as of any date, the 

  
 1 

 
value of all assets of an investment fund or account (including cash and accrued interest and dividends) less all liabilities of such investment fund or account (including accrued expenses and
any reserves established for contingent liabilities). 
 (ii) Section 5.1(e) of the Credit Agreement is hereby amended by replacing
the phrase “within 45 days after the end of each fiscal quarter of the Borrowers” with the phrase “concurrently with any delivery of financial statements under clauses (a) or (b) above,”. 

(c) Combined EBITDA. The definition of “Combined EBITDA” in Section 1.1 of the Credit Agreement is hereby amended by
(x) replacing the phrase “any other non-cash charges” with the phrase “any non-cash charges” and (y) replacing the phrase “December 31, 2013” with the phrase “December 31, 2015”. 

(d) Defaulting Lender. The definition of “Defaulting Lender” in Section 1.1 of the Credit Agreement is hereby amended by
(i) inserting the phrase “or (g) become the subject of a Bail-in Action or has a direct or indirect parent company that has become the subject of a Bail-in Action;” immediately preceding the phrase “provided
further” therein and (ii) replacing the reference to “(f)” in the second sentence with “(g)”. 
 (e)
GAAP. The definition of “GAAP” in Section 1.1 of the Credit Agreement is hereby amended by inserting the phrase “or CLOs” after the phrase “investment funds”. 

(f) Indemnified Taxes. The definition of “Indemnified Taxes” in Section 1.1 of the Credit Agreement is amended and
restated in its entirety as follows: 
 “Indemnified Taxes” means Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of the Borrowers under any Loan Document. 
 (g) LIBOR Rate. The
definition of “LIBOR Rate” in Section 1.1 of the Credit Agreement is hereby amended by adding the following sentence at the end thereof: 

“Notwithstanding the foregoing, if the LIBOR Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this
Agreement.” 
 (h) Maturity Date. The definition of “Maturity Date” in Section 1.1 of the Credit Agreement is
hereby amended by replacing the phrase “March 31, 2019” with the phrase “March 31, 2021”. 
 (i) Subsidiary. The
definition of “Subsidiary” in Section 1.1 of the Credit Agreement is hereby amended by inserting the phrase “or CLO” after the phrase “investment fund” in the first and second sentence thereof. 

(j) Effective Date. 

(i) The definition of “Change in Law” is hereby amended by replacing each reference to “the date of this Agreement” with
“the Second Amendment Effective Date”. 
 (ii) The definitions of “Required Lenders” and “Term Loan
Commitment” in Section 1.1 of the Credit Agreement are hereby amended by replacing each reference to “Effective Date” with “Second Amendment Effective Date”. 

  
 2 

 (iii) The definition of “Revolving Loan Commitment” in Section 1.1 of the Credit
Agreement is hereby amended by replacing the phrase “The initial amount” with the phrase “As of the Second Amendment Effective Date, the amount”. 

(iv) The definition of “Revolving Proportionate Share” in Section 1.1 of the Credit Agreement is hereby amended by replacing
the phrase “initial Revolving Proportionate Share” with the phrase “Revolving Proportionate Share as of the Second Amendment Effective Date”. 

(v) The definition of “Term Proportionate Share” in Section 1.1 of the Credit Agreement is hereby amended by
(i) replacing each reference to “Effective Date” with “Second Amendment Effective Date” and (ii) replacing the phrase “initial Term Proportionate Share” with the phrase “Term Proportionate Share as of the
Second Amendment Effective Date”. 
 (vi) The definition of “Total Term Loan Commitment” is hereby amended by replacing the
phrase “at any time” with the phrase “as of the Second Amendment Effective Date”. 
 (vii) Section 2.17(a)(ii) of
the Credit Agreement is hereby amended by replacing each reference therein to “Effective Date” with “Second Amendment Effective Date.” 

(viii) Sections 6.1(b) and 6.2(b) of the Credit Agreement are each hereby amended by replacing the phrase “on the date hereof” with
the phrase “on the Second Amendment Effective Date”. 
 (k) Section 1.1 of the Credit Agreement is further amended by
adding the following new definitions in the appropriate alphabetical order: 
 “Bail-In Action” means the exercise of any
Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, 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 for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

“CLO” means a collateralized loan obligation vehicle or similar debt securitization vehicle or entity. 

“CLO Subsidiary” means, at any time, (i) any Subsidiary that (x) manages or has been established to manage one or
more CLOs or (y) is an Affiliate of a Subsidiary described in clause (x) that purchases or otherwise acquires and/or retains securities, obligations or other interests in such CLO for the purpose of, among other things, satisfying
(including on a prospective basis) any applicable risk retention laws, rules, regulations, guidelines, technical standards or guidance of any Governmental Authority and (ii) any Subsidiary of a Subsidiary described in the preceding clause (i).

 “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member
Country which is subject to the supervision of an EEA 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 

  
 3 

 
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. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“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. 
 “Non-CLO Subsidiary” means, at any time, any Subsidiary that is not a
CLO Subsidiary. 
 “Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced
from time to time by (i) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (ii) the United Nations Security Council, the
European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom. 
 “Second Amendment Effective
Date” means March 31, 2016. 
 “Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule. 
 (l) Term Loans and Revolving Loans as of the Second Amendment Effective Date. 

(i) Section 2.1(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“(a) Term Loans. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a term loan in
Dollars to the Borrowers on the Second Amendment Effective Date in an amount equal to its Term Loan Commitment as in effect on the Second Amendment Effective Date. The Borrowers may not reborrow the principal amount of a Term Loan after repayment or
prepayment thereof.” 
 (ii) Schedule 2.1. Schedule 2.1 of the Credit Agreement is hereby amended and restated in its entirety
with Schedule 2.1 attached hereto. 
 (iii) The parties hereto agree that notwithstanding anything to the contrary in the
Credit Agreement or in this Amendment, (A) the only conditions precedent to the Term Loans made on the Second Amendment Effective Date (the “Second Amendment Effective Date Term Loans”) shall be those conditions set forth in
Section 2 of this Amendment, (B) the Term Loans (as defined in the Credit Agreement) outstanding on the Second Amendment Effective Date shall be converted to and reallocated as Second Amendment Effective Date Term Loans in
accordance with the Term Loan Commitments set forth on Schedule 2.1 attached to this 

  
 4 

 
Amendment (and the Lenders agree to make all payments and adjustments necessary to effect such reallocation) and (C) to the extent any Lender’s Term Loan (as defined in the Credit
Agreement) equals or exceeds such Lender’s Term Loan Commitment set forth on Schedule 2.1 attached to this Amendment, no additional amount will be required to be funded by such Lender on the Second Amendment Effective Date under
Section 1(l)(i) above. 
 (iv) The parties hereto acknowledge and agree that (x) as of the Second Amendment Effective
Date, each Lender shall have the Revolving Loan Commitment and Revolving Proportionate Share set opposite its name on Schedule 2.1 attached to this Amendment and (y) the outstanding Revolving Loans and Revolving Proportionate Shares
of L/C Obligations and Swing Line Loans will be reallocated by the Administrative Agent on the Second Amendment Effective Date among the Lenders party hereto in accordance with their Revolving Proportionate Shares set forth on
Schedule 2.1 (and the Lenders agree to make all payments and adjustments necessary to effect such reallocation). 
 (m)
Extension Option; Termination of Term Loan Commitment. Section 2.6(a)(i) of the Credit Agreement is hereby amended by replacing each reference therein to “Effective Date” with “Second Amendment Effective Date”. 

(n) Increased Costs. 

(i) Section 2.12(a)(ii) of the Credit Agreement is hereby amended by inserting the phrase “(other than Taxes)” immediately
following the phrase “any other condition”. 
 (ii) Section 2.12(a) of the Credit Agreement is further amended by
(x) adding “or” at the end of clause (ii) thereof and (y) adding a new clause (iii) thereto as follows: 

“(iii) subject the Administrative Agent or any Lender to any Taxes (other than (A) Indemnified Taxes and (B) Excluded Taxes)
on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;”. 

(iii) Section 2.12 of the Credit Agreement is further amended by adding thereto the following new clause (e): 

“(e) Notwithstanding the foregoing, Borrowers shall not be required to pay to any Lender any amounts pursuant to this Section 2.12
unless such Lender has also generally sought reimbursement for similar amounts from its similarly situated borrowers.” 
 (o)
Financial Condition; No Material Adverse Change. Section 3.4(b) of the Credit Agreement is hereby amended by replacing the phrase “December 31, 2013 to the Effective Date” with the phrase “December 31, 2015 to the Second
Amendment Effective Date”. 
 (p) Foreign Assets Control. Section 3.16(a) of the Credit Agreement is hereby amended and
restated in its entirety as follows: 
 “(a) None of the Borrowers nor their respective Subsidiaries, or, to such Borrower’s
knowledge, officers, directors, employees, or, agents (i) is, or is controlled by, a Designated Person; (ii) has received funds or other property from a Designated Person; (iii) is in breach of or is the subject of any action or
investigation under any Anti-Terrorism Law; (iv) is the subject of any Sanctions; or (v) is located, organized or resident in a country or territory that is, or 

  
 5 

 
whose government is, the subject of Sanctions. None of the Borrowers nor their respective Subsidiaries, or, to such Borrower’s knowledge, officers, directors, employees, or, agents, engages
or will engage in any dealings or transactions, or is or will be otherwise associated, with any Designated Person. To the extent applicable, each of the Borrowers and their respective subsidiaries is in compliance, in all material respects, with the
Patriot Act. Each Borrower has taken and has caused its Subsidiaries to take reasonable measures to ensure compliance with the Anti-Terrorism Laws and U.S. Foreign Corrupt Practices Act of 1977, as amended.” 

(q) Use of Proceeds. Section 5.8 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“The proceeds of the Loans and Letters of Credit will be used only to (a) provide for the working capital and general corporate
purposes of the Borrowers and their respective Subsidiaries, including to provide the funding necessary for the Borrowers to make capital contributions to investment companies, funds or accounts which are managed by a member of the Oaktree Operating
Group or their respective Subsidiaries or for which such Oaktree Operating Group member or such Subsidiary acts as a general partner or investment manager, and, to the extent permitted under this Agreement, to make equity distributions or fund
repurchases by OCG or ControlCo of their respective Capital Stock, to make investments, loans or advances and to fund Restricted Payments permitted by Section 6.5 and (b) pay fees and expenses incurred in connection with the Transactions.
No part of the proceeds of any Loan or Letter of Credit will be used directly or, to the Borrowers’ knowledge, indirectly: (w) for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U or
X, (x) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of the U.S. Foreign Corrupt Practices Act of 1977, as amended, (y) to
fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions or (z) in any other manner that would result in the violation by any
party to this Agreement of any Anti-Terrorism Law.” 
 (r) CLO Subsidiaries. 

(i) Combined Net Income. The definition of “Combined Net Income” in Section 1.1 of the Credit Agreement is hereby
amended by inserting the phrase “Non-CLO” immediately preceding the reference to “Subsidiary” in the parenthetical in clause (b) therein. 

(ii) Combined Total Debt. The definition of “Combined Total Debt” in Section 1.1 of the Credit Agreement is hereby
amended by replacing the period at the end thereof with a semicolon and adding the following proviso: 
 “provided that
Consolidated Total Debt shall not include the Indebtedness of a CLO Subsidiary so long as such Indebtedness is non-recourse to each of the Borrowers and their respective Non-CLO Subsidiaries.” 

(iii) Certain Covenants. 

(1) Section 6.1 of the Credit Agreement is hereby amended by inserting the phrase “(other than any CLO Subsidiary)”
immediately following the reference to “any Subsidiary” in clause (y) appearing in the first sentence therein. 

  
 6 

 (2) Section 6.2 of the Credit Agreement is hereby amended by inserting the phrase
“(other than any CLO Subsidiary)” immediately following the reference to “any Subsidiary” in the introductory statement preceding clauses (a) through (i) therein. 

(3) Section 6.3 of the Credit Agreement is hereby amended by (i) inserting the phrase “(other than any CLO Subsidiary)”
immediately following the reference to “any Subsidiary” in the first sentence of clause (a) therein and (ii) inserting the phrase “(other than CLO Subsidiaries)” immediately following the phrase “Borrowers’
Subsidiaries” in the first sentence of clause (a) therein. 
 (4) Section 6.7 of the Credit Agreement is hereby amended by
inserting the phrase “(other than any CLO Subsidiary)” immediately following the reference to “their respective Subsidiaries” appearing in the first sentence therein. 

(s) Indebtedness. 
 (i)
Capital Lease Obligations. Section 6.1(f) of the Credit Agreement is hereby amended by replacing “$30,000,000” with “$50,000,000”. 

(ii) Corporate Jet. Section 6.1(k) of the Credit Agreement is hereby amended by replacing “$50,000,000” with
“$65,000,000”. 
 (t) Restricted Payments. Section 6.5(b) of the Credit Agreement is hereby amended by replacing the
phrase “no Default or Event of Default shall have occurred and be continuing or would result therefrom” with the phrase “no Default or Event of Default under Sections 7(a), 7(b), 7(d) (as a result of non-compliance with
Section 6.8), 7(h) or 7(i) shall have occurred and be continuing or would result therefrom”. 
 (u) Transactions with
Affiliates. Section 6.6(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “(a)
(x) in the ordinary course of business or (y) at prices and on terms and conditions not less favorable to a Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties”. 

(v) Minimum AUM. Section 6.8(b) of the Credit Agreement is hereby amended by replacing “$50,000,000,000” with
“$60,000,000,000”. 
 (w) Right of Setoff. Section 9.8 of the Credit Agreement is hereby amended by inserting the
phrase “or CLOs” after the phrase “or any investment funds” in the first sentence therein. 
 (x) EU Bail-In.
Article IX of the Credit Agreement is hereby amended by adding the following new Section 9.20: 
 “Section 9.20.
Acknowledgement and Consent to Bail-In of EEA 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 EEA 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 an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 

  
 7 

 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any
such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (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 EEA 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 any EEA Resolution Authority.” 

(y) Schedules. Schedules 3.6, 3.13, 6.1, 6.2, 6.6 and 6.7 of the Credit Agreement are hereby amended and restated in their entirety
with Schedules 3.6, 3.13, 6.1, 6.2, 6.6 and 6.7 attached to this Amendment, respectively. 
 SECTION 2. Conditions Precedent to the
Effectiveness of this Amendment. The provisions of Section 1 above are conditioned upon, and such provisions shall not be effective until, satisfaction of the following conditions (the first date on which all of the following
conditions have been satisfied being referred to herein as the “Second Amendment Effective Date”): 
 (a) The
Administrative Agent shall have received: 
 (i) this Amendment, duly executed and delivered by the Borrowers, the Lenders and the
Administrative Agent; 
 (ii) a Revolving Loan Note or amended and restated Revolving Loan Note in favor of each Revolving Lender
requesting the same; and 
 (iii) a Term Loan Note or amended and restated Term Loan Note in favor of each Term Lender requesting the same.

 (b) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and
dated the Second Amendment Effective Date) of Munger, Tolles & Olson LLP, special counsel for the Borrowers, covering such matters relating to this Amendment as the Administrative Agent shall reasonably request. The Borrowers hereby request
such counsel to deliver such opinion. 
 (c) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of each Borrower, the authorization of the transactions contemplated herein and any other legal matters relating to the Borrowers,
this Amendment or the 

  
 8 

 
transactions contemplated herein, all in form and substance satisfactory to the Administrative Agent. 

(d) The Administrative Agent shall have received a certificate from each Borrower, dated the Second Amendment Effective Date and signed by a
Responsible Officer of such Borrower, (i) confirming compliance with the conditions set forth in paragraphs (f) and (g) of this Section 2 and (ii) setting forth the Debt Ratings as of the Second Amendment Effective Date.

 (e) The Administrative Agent, the Lenders and the Lead Arranger shall have received (i) to the extent invoiced, reimbursement or
payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder and (ii) all fees payable to the Lead Arranger
pursuant to the engagement letter dated as of March 24, 2016, by and among the Borrowers and the Lead Arranger. 
 (f) No Default or
Event of Default shall have occurred and be continuing. 
 (g) The representations and warranties set forth in this Amendment shall be true
and correct as of the Second Amendment Effective Date. 
 (h) The Borrowers shall have paid all fees and expenses payable to the
Administrative Agent and the Lenders to be paid on or prior to the Second Amendment Effective Date (including all fees and expenses of counsel to the Administrative Agent). 

SECTION 3. Representations and Warranties. In order to induce the Administrative Agent and the Lenders to enter into this
Amendment and to amend the Credit Agreement in the manner provided in this Amendment, the Borrowers represent and warrant to the Administrative Agent and each Lender as follows: 

(a) Power and Authority. Each Borrower has all requisite power and authority to enter into this Amendment and to carry out the
transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (hereafter referred to as the “Amended Credit Agreement”). 

(b) Authorization of Agreements. The execution and delivery of this Amendment by the Borrowers and the performance of the Amended
Credit Agreement by the Borrowers have been duly authorized by all necessary action, and this Amendment has been duly executed and delivered by the Borrower. 

(c) Enforceability. Each of this Amendment and the Amended Credit Agreement constitutes the legal, valid and binding obligation of the
Borrowers, enforceable against the Borrowers in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general
principles of equity. 
 (d) No Conflict. The execution and delivery by the Borrowers of this Amendment and the performance by the
Borrowers of each of this Amendment and the Amended Credit Agreement do not and will not (i) require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained
or made and are in full force and effect, (ii) violate any applicable law or regulation other than violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, (iii) violate the
charter, by-laws, articles, limited liability company 

  
 9 

 
agreement, limited partnership agreement or other organizational documents of any Borrower or any Subsidiary or any order of any Governmental Authority, (iv) violate or result in a default
under any indenture, agreement or other instrument binding upon any Borrower or any Subsidiary or the assets of any Borrower or any Subsidiary other than violations or defaults which, individually or in the aggregate, would not reasonably be
expected to have a Material Adverse Effect, (v) give rise to a right under any indenture, agreement or other instrument binding upon any Borrower or any Subsidiary or upon the assets of any Borrower or any Subsidiary to require any material
payment to be made by any Borrower or any Subsidiary, and (vi) result in the creation or imposition of any Lien on any asset of any Borrower or any Subsidiary. 

(e) Governmental Consents. No authorization or approval or other action by, and no notice to or filing with, any governmental authority
or regulatory body is required for the due execution, delivery and performance by the Borrowers of this Amendment. 
 (f) Representations
and Warranties in the Credit Agreement. The Borrowers confirm that the representations and warranties contained in Article III of the Credit Agreement are (before and after giving effect to this Amendment) true and correct in all material
respects (or if qualified by materiality or Material Adverse Effect, in all respects) as of the Second Amendment Effective Date (after giving effect to Section 1(y) herein and except to the extent any such representation and warranty is
expressly stated to have been made as of a specific date, in which case it shall be true and correct in all material respects (or if qualified by materiality or Material Adverse Effect, in all respects) as of such specific date) and that no Default
or Event of Default has occurred and is continuing. 
 SECTION 4. Miscellaneous. 

(a) Reference to and Effect on the Credit Agreement and the other Loan Documents. 

(i) Except as specifically amended by this Amendment and the documents executed and delivered in connection herewith, the Credit Agreement
and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
 (ii) The execution and
delivery of this Amendment and performance of the Amended Credit Agreement shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Administrative Agent or
the Lenders under, the Credit Agreement or any of the other Loan Documents. 
 (iii) Upon the conditions precedent set forth herein being
satisfied, this Amendment shall be construed as one with the Credit Agreement, and the Credit Agreement shall, where the context requires, be read and construed throughout so as to incorporate this Amendment. 

(iv) If there is any conflict between the terms and provisions of this Amendment and the terms and provisions of the Credit Agreement or any
other Loan Document, the terms and provisions of this Amendment shall govern. 
 (b) Expenses. The Borrowers acknowledge that all
reasonable costs and expenses of the Administrative Agent incurred in connection with this Amendment will be paid in accordance with Section 9.3 of the Credit Agreement. 

  
 10 

 (c) Headings. Section and subsection headings in this Amendment are included for
convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

(d) Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument. Transmission by telecopier of an executed counterpart of this Amendment shall be deemed to constitute due and sufficient delivery of such counterpart. 

(e) Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York without
reference to conflicts of law rules other than Section 5-1401 of the General Obligations Law of the State of New York. 
 (f) Loan
Document. This Amendment is a Loan Document as defined in the Credit Agreement, and the provisions of the Credit Agreement generally applicable to Loan Documents are applicable hereto and incorporated herein by this reference. 

(g) Notes. Each Lender that requests and receives an amended and restated Revolving Loan Note and/or Term Loan Note as described in
Section 2(a) agrees to, promptly after such receipt, deliver any Note previously issued in its favor marked “cancelled” to the Borrowers at the following address: 

c/o Oaktree Capital Management, L.P. 

333 South Grand Avenue, 28th Floor 

Los Angeles, California 90071 

Attention: Philip McDermott 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 11 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first
above written. 
  

					
	OAKTREE CAPITAL MANAGEMENT, L.P.
		
	By:	 	/s/ David M. Kirchheimer
		 	Name:	 	David M. Kirchheimer
		 	Title:	 	Principal, Chief Financial Officer
		
	By:	 	/s/ Jay Wintrob
		 	Name:	 	Jay Wintrob
		 	Title:	 	Chief Executive Officer
	
	OAKTREE CAPITAL II, L.P.
		
	By:	 	/s/ David M. Kirchheimer
		 	Name:	 	David M. Kirchheimer
		 	Title:	 	Principal, Chief Financial Officer
		
	By:	 	/s/ Jay Wintrob
		 	Name:	 	Jay Wintrob
		 	Title:	 	Chief Executive Officer
	
	OAKTREE AIF INVESTMENTS, L.P.
		
	By:	 	/s/ David M. Kirchheimer
		 	Name:	 	David M. Kirchheimer
		 	Title:	 	Principal, Chief Financial Officer
		
	By:	 	/s/ Jay Wintrob
		 	Name:	 	Jay Wintrob
		 	Title:	 	Chief Executive Officer
	
	OAKTREE CAPITAL I, L.P.
		
	By:	 	/s/ David M. Kirchheimer
		 	Name:	 	David M. Kirchheimer
		 	Title:	 	Principal, Chief Financial Officer
		
	By:	 	/s/ Jay Wintrob
		 	Name:	 	Jay Wintrob
		 	Title:	 	Chief Executive Officer

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Administrative Agent,
 L/C Issuer, Swing Line
Lender and a Lender

		
	By:	 	/s/ Janet N. Yamamoto
		 	Name:	 	Janet N. Yamamoto
		 	Title:	 	Senior Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 BANK OF AMERICA, N.A.,
 as a
Lender

		
	By:	 	/s/ Matthew C. White
		 	Name:	 	Matthew C. White
		 	Title:	 	Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 THE BANK OF NEW YORK MELLON,
 as a
Lender

		
	By:	 	/s/ Joanne Carey
		 	Name:	 	Joanne Carey
		 	Title:	 	Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 J.P. MORGAN CHASE BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Matthew Griffith
		 	Name:	 	Matthew Griffith
		 	Title:	 	Executive Director

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Edwin Soogrim
		 	Name:	 	Edwin Soogrim
		 	Title:	 	Director

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 CITIBANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Erik Andersen
		 	Name:	 	Erik Andersen
		 	Title:	 	Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 CREDIT SUISSE AG, CAYMAN ISLANDS

BRANCH, as a Lender

		
	By:	 	/s/ Doreen Barr
		 	Name:	 	Doreen Barr
		 	Title:	 	Authorized Signatory
		
	By:	 	/s/ Warren Van Heyst
		 	Name:	 	Warren Van Heyst
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 GOLDMAN SACHS BANK USA,
 as a
Lender

		
	By:	 	/s/ Rebecca Kratz
		 	Name:	 	Rebecca Kratz
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 MORGAN STANLEY BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Michael King
		 	Name:	 	Michael King
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 MUFG UNION BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Di Li
		 	Name:	 	Di Li
		 	Title:	 	Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 BARCLAYS BANK PLC,
 as a
Lender

		
	By:	 	/s/ Ronnie Glenn
		 	Name:	 	Ronnie Glenn
		 	Title:	 	Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 DEUTSCHE BANK AG NEW YORK BRANCH,

as a Lender

		
	By:	 	/s/ Dusan Lazarov
		 	Name:	 	Dusan Lazarov
		 	Title:	 	Director
		
	By:	 	/s/ Michael Shannon
		 	Name:	 	Michael Shannon
		 	Title:	 	Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 
					
	 U.S. BANK NATIONAL ASSOCIATION,
 as
a Lender

		
	By:	 	/s/ Barry K. Chung
		 	Name:	 	Barry K. Chung
		 	Title:	 	Senior Vice President

  
 [Signature Page to Second
Amendment to Credit Agreement – Oaktree] 

 SCHEDULE 2.1 

NAMES, ADDRESSES, COMMITMENTS, AND PROPORTIONATE SHARES OF THE LENDERS 

 

																	
	 Name of Lender
	  	Revolving Loan
Commitment	 	  	Revolving
Proportionate
Share	 	 	Term Loan
Commitment	 	  	Term
Proportionate
Share	 
	 Wells Fargo Bank, National Association
	  	$	83,333,333.35	  	  	 	16.66666667	% 	 	$	41,666,666.65	  	  	 	16.66666667	% 
	 Bank of America, N.A.
	  	$	46,666,666.67	  	  	 	9.33333333	% 	 	$	23,333,333.33	  	  	 	9.33333333	% 
	 The Bank of New York Mellon
	  	$	46,666,666.67	  	  	 	9.33333333	% 	 	$	23,333,333.33	  	  	 	9.33333333	% 
	 JPMorgan Chase Bank, N.A.
	  	$	46,666,666.67	  	  	 	9.33333333	% 	 	$	23,333,333.33	  	  	 	9.33333333	% 
	 HSBC Bank USA, National Association
	  	$	40,000,000.00	  	  	 	8.00000000	% 	 	$	20,000,000.00	  	  	 	8.00000000	% 
	 Citibank, N.A.
	  	$	33,333,333.33	  	  	 	6.66666667	% 	 	$	16,666,666.67	  	  	 	6.66666667	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	33,333,333.33	  	  	 	6.66666667	% 	 	$	16,666,666.67	  	  	 	6.66666667	% 
	 Goldman Sachs Bank USA
	  	$	33,333,333.33	  	  	 	6.66666667	% 	 	$	16,666,666.67	  	  	 	6.66666667	% 
	 Morgan Stanley Bank, N.A.
	  	$	33,333,333.33	  	  	 	6.66666667	% 	 	$	16,666,666.67	  	  	 	6.66666667	% 
	 MUFG Union Bank, N.A.
	  	$	33,333,333.33	  	  	 	6.66666667	% 	 	$	16,666,666.67	  	  	 	6.66666667	% 
	 Barclays Bank PLC
	  	$	23,333,333.33	  	  	 	4.66666667	% 	 	$	11,666,666.67	  	  	 	4.66666667	% 
	 Deutsche Bank AG New York Branch
	  	$	23,333,333.33	  	  	 	4.66666667	% 	 	$	11,666,666.67	  	  	 	4.66666667	% 
	 U.S. Bank National Association
	  	$	23,333,333.33	  	  	 	4.66666667	% 	 	$	11,666,666.67	  	  	 	4.66666667	% 
	 Total
	  	$	500,000,000	  	  	 	100.00	% 	 	$	250,000,000	  	  	 	100.00	% 

 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as a Lender 
 Wells Fargo Bank, National Association 

333 South Grand Avenue, 6th Floor 
 Los Angeles, CA 90071 

Attention: Janet N. Yamamoto 
 Tel. No. (213) 253-6141 

Fax No. (866) 359-9230 
 E-mail:
yamamojn@wellsfargo.com 
 BANK OF AMERICA, N.A. 

as a Lender 
 Bank of America, N.A. 

One Bryant Park 
 New York, NY 10036 

Attn: Matthew White 
 Tel. No.: (646) 556-0081 

Fax No.: (980) 819-3028 
 E-mail:
matthew.c.white@baml.com 
 THE BANK OF NEW YORK MELLON 

as a Lender 
 The Bank of New York Mellon 

One Wall Street 
 New York, NY 10286 

Attention: Joanne Carey 
 Tel. No. (212) 635-7159 

Fax No. (212) 635-8541 
 E-mail:
Joanne.Carey@bnymellon.com 

 JPMORGAN CHASE BANK, N.A. 

as a Lender 
 JPMorgan Chase Bank, N.A. 

383 Madison Avenue, Floor 23 
 New York, New York 10179 

Attention: Matthew Griffith 
 Tel. No. (212) 270-8197 

Fax No. (212) 270-5222 
 E-mail:
Matthew.Griffith@jpmorgan.com 
 HSBC BANK USA, NATIONAL ASSOCIATION 

as a Lender 
 HSBC Bank USA, National Association 

452 Fifth Avenue 
 New York, NY 10018 

Attention: Stephanie W. Lee 
 Tel. No. (212) 525-7629 

Fax No. (212) 525-2479 
 E-mail:
Stephanie.W.Lee@us.hsbc.com 
 CITIBANK, N.A. 

as a Lender 
 Citibank, N.A. 

388 Greenwich St 
 New York, NY 10013 

Attention: Jared Lyon 
 Tel. No. (212) 816-2873 

Fax No. (646) 441-4712 
 E-mail: Jared.Lyon@citi.com

 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 
 as a
Lender 
 Credit Suisse AG, Cayman Islands Branch 
 Eleven
Madison Avenue 
 New York, NY 10010 
 Attention: Doreen Barr

 Tel. No. (212) 325-9914 
 Fax No. (212) 743-2737

 E-mail: Doreen.Barr@credit-suisse.com 

 GOLDMAN SACHS BANK USA 

as a Lender 
 Goldman Sachs Bank USA 

c/o Goldman, Sachs & Co. 
 30 Hudson Street, 5th Floor

 Jersey City, NJ 07302 
 Attention: Michelle Latzoni 

Tel. No. (212) 934-3921 
 Fax No. (917) 977-3966 

E-mail: gsd.link@gs.com 
 MORGAN STANLEY BANK, N.A.

 as a Lender 
 Morgan Stanley Loan Servicing 

1300 Thames Street Wharf, 4th floor 
 Baltimore, MD 21231 

Tel: 443-627-4335 
 Fax: 718-233-2140 

msloanservicing@morganstanley.com 
 MUFG UNION BANK,
N.A. 
 as a Lender 
 MUFG Union Bank, N.A. 

1901 Avenue of the Stars 
 Los Angeles, CA 90067 

Attention: Gail Boyle 
 Tel. No. (310) 551-8962 

Fax No. (310) 551 8980 
 E-mail:
Gail.Boyle@unionbank.com 

 BARCLAYS BANK PLC 

as a Lender 
 Barclays Bank PLC 

745 7th Avenue, 26th Floor 
 New York, NY 10019 

Attention: Alicia Borys 
 Tel. No. (212) 526-4291 

Fax No. (212) 526-5115 
 E-mail:
Alicia.Borys@barclays.com 
 DEUTSCHE BANK AG NEW YORK BRANCH 

as a Lender 
 Deutsche Bank AG New York Branch 60 

Wall Street 
 New York, NY 10005 

Attention: Kirk Tashjian 
 Tel. No. (212) 250-2468 

Fax No. (212) 797-5690 
 E-mail: kirk.tashjian@db.com

 U.S. BANK NATIONAL ASSOCIATION 
 as a Lender

 U.S. Bank National Association 
 461 Fifth Avenue, 7th Floor

 New York, NY 10017 
 Attention: Michael Ugliarolo 

Tel. No. (917) 326-3101 
 E-mail:
Michael.ugliarolo@usbank.com

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]