SEC Contract Filing

Filing Date: 2023-03-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d363501dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.2 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>COLLATERAL MANAGEMENT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement, dated as of March&nbsp;9, 2023 (this &#147;<U>Agreement</U>&#148;), is entered into by and between Owl Rock CLO X, LLC, a
limited liability company organized under the laws of the State of Delaware, with its registered office at the offices of Puglisi&nbsp;&amp; Associates, 850 Library Avenue, Suite 204, Newark, Delaware 19711 (together with successors and assigns
permitted hereunder, the &#147;<U>Issuer</U>&#148;), and Owl Rock Capital Advisors LLC (&#147;<U>Owl Rock Capital Advisors</U>&#148;), a Delaware limited liability company, with its principal offices located at 399 Park Avenue, 38<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> Floor, New York, NY 10022, as collateral manager (in such capacity, the &#147;<U>Collateral Manager</U>&#148;). Capitalized terms used and not otherwise defined herein have the meanings assigned to
them in the Indenture. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">WITNESSETH: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to issue Notes pursuant to an indenture and security agreement dated as of March&nbsp;9, 2023 (the
&#147;<U>Indenture</U>&#148;), among the Issuer and State Street Bank and Trust Company, as trustee (together with any successor trustee permitted under the Indenture, the &#147;<U>Trustee</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to issue Preferred Shares pursuant to the Issuer&#146;s amended and restated limited liability company agreement
and subject to the Fiscal Agency Agreement, dated as of the Closing Date (the &#147;<U>Fiscal Agency Agreement</U>&#148;), among the Fiscal Agent, the Share Registrar and the Issuer, as amended from time to time in accordance with the terms thereof;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to pledge certain Collateral Obligations, Eligible Investments and Cash (all as defined in the Indenture) and
certain other assets (all as set forth in the Indenture) (collectively, the &#147;<U>Assets</U>&#148;) to the Trustee as security for its obligations under the Indenture; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer wishes to enter into this Agreement, pursuant to which the Collateral Manager agrees to perform, on behalf of the Issuer,
certain duties with respect to the Assets in the manner and on the terms set forth herein and to perform such additional duties as are consistent with the terms of this Agreement, the Indenture and the Collateral Administration Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Collateral Manager has the capacity to provide the services required hereby and is prepared to perform such services upon the
terms and conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual agreements herein set forth, the parties hereto
agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Definitions</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Terms used herein and not defined below or elsewhere herein shall have the meanings set forth in the Indenture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Agreement</U>&#148; shall mean this Agreement, as amended from time to time. </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cause</U>&#148; shall have the meaning set forth in
<U>Section</U><U></U><U>&nbsp;14</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Collateral Manager Information</U>&#148; shall have the meaning ascribed to such term in
the Offering Circular. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Collateral Manager Securities</U>&#148; shall mean any Securities owned by the Collateral Manager, an
Affiliate thereof, or any account, fund, client or portfolio established and controlled by the Collateral Manager or an Affiliate thereof or for which the Collateral Manager or an Affiliate thereof acts as the investment adviser or with respect to
which the Collateral Manager or an Affiliate thereof exercises discretionary control thereover. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governing Instruments</U>&#148;
shall mean the memorandum of association, articles of association and <FONT STYLE="white-space:nowrap