SEC Contract Filing

Filing Date: 2025-03-28

Document Content:
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<DESCRIPTION>EX-10.3
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.3 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION RIGHTS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This REGISTRATION RIGHTS AGREEMENT (this &#147;<B>Agreement</B>&#148;), dated as of March&nbsp;27, 2025, is entered into by and between
Carlyle Secured Lending, Inc., a Maryland corporation (including its successors, the &#147;<B>Corporation</B>&#148;)<B> </B>and Carlyle Investment Management L.L.C. (the &#147;<B>Holder</B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DEFINITIONS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.1 <U>Definitions</U>. The following terms shall have the meanings set forth in this <U>Section</U><U></U><U>&nbsp;1.1</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Common Stock</B>&#148; shall mean the Corporation&#146;s common stock, par value $0.01 per share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Exchange Act</B>&#148; means the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and
regulations promulgated by the SEC thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Excluded Registration</B>&#148; means a registration under the Securities Act of
(i)&nbsp;securities pursuant to one or more Demand Registrations pursuant to <U>Section</U><U></U><U>&nbsp;2.1</U> hereof, (ii)&nbsp;securities registered on Form <FONT STYLE="white-space:nowrap">S-8</FONT> or any similar or successor form,
(iii)&nbsp;securities registered to effect the acquisition of, or combination with, another Person and (iv)&nbsp;securities in connection with an exchange offer or dividend reinvestment plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Investment Company Act</B>&#148;<B> </B>means the<B> </B>Investment Company Act of 1940, as amended, and the rules and regulations
promulgated by the SEC thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Person</B>&#148;<B> </B>or &#147;<B>person</B>&#148; means any individual, corporation,
partnership, limited liability Corporation, joint venture, association, joint-stock Corporation, trust,<B> </B>unincorporated organization or government or other agency or political subdivision thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Preferre</B>d <B>Stock</B>&#148; shall mean the Corporation&#146;s Convertible Preferred Stock, par value $0.01 per share,
convertible into Common Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>register</B>,&#148; &#147;<B>registered</B>&#148; and &#147;<B>registration</B>&#148; refer to a
registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Registrable Securities</B>&#148; means the shares of the Corporation&#146;s Common Stock issued upon the surrender and exchange of
all of the Holder&#146;s Preferred Stock pursuant to that certain Preferred Stock Exchange Agreement, dated as of the date hereof, by and between the Corporation and the Holder. As to any particular Registrable Securities, such Common Stock shall
cease to be Registrable Securities when: (a)&nbsp;a registration statement on the appropriate form under the Securities Act and applicable state securities laws with respect to the sale of such Common Stock shall have become effective under the
Securities Act and applicable state laws, and such Common Stock shall have been disposed of in accordance with such registration statement; (b)&nbsp;the Corporation shall have received an opinion from counsel reasonably satisfactory to theca
Corporation, that registration is not required because the proposed transaction is exempt from </P>
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registration under the Securities Act and with all applicable state securities laws, (c)&nbsp;such Common Stock shall have been sold to the public pursuant to Rule 144 under the Securities Act
(or any successor provision), if applicable; or (d)&nbsp;such Common Stock shall have ceased to be outstanding. Registrable Securities shall not include any shares of the Corporation&#146;s Common Stock that have previously been registered for so
long as such shares of Common Stock remain subject to a currently effective registration statement (including a Shelf Registration). In addition, such shares of Common Stock shal