Repurchase Facility Terms & Conditions dated March 19, 2025, by and among CCS IX Portfolio Holdings, LLC, as seller, and Goldman Sachs Bank USA, as buyer

All capitalized terms used but not defined herein shall have the same meaning as in the Master Repurchase Agreement dated on or around March 19, 2025 (as supplemented by the relevant annexes thereto), as entered into between Buyer and Seller and as amended, supplemented and/or restated from time to time (the “MRA”).

“Agreement” means these Repurchase Facility Terms & Conditions between the Buyer and the Seller as amended and restated effective as of March 19, 2025.

“Business Day” means a day other than a Saturday or Sunday on which banks are open for business generally in New York. “Business Day Convention” means, in respect of any day referred to herein which is expressed to be subject to the Business Day Convention, then in the event that such day is not a Business Day, that day will be adjusted to the next following day which is a Business Day.

“Facility” means the facility available during the Commitment Period under this Agreement.

“Facility Cap” means the amount specified in section 9 below.

“Facility Repo Transaction” means a Transaction entered into pursuant to a Facility Transaction Notice given by the Seller to the Buyer under this Agreement.

“Repo Confirm” means the Confirmation for each Facility Repo Transaction.

Each obligation of the Buyer pursuant to this Agreement to enter into a Facility Repo Transaction is subject to the satisfaction of each of the following conditions precedent as at the relevant Purchase Date, as determined by the Buyer, acting in good faith and a commercially reasonable manner, and each of the following shall be a condition precedent to the continued validity of this Agreement and of each Facility Repo Transaction:

(a)   No Event of Default or event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default, has occurred in respect of the Seller or Buyer or would result from the proposed Facility Repo Transaction;

(b)   The MRA has been validly executed by each party, has neither expired nor been terminated in accordance with its terms and is in full force and effect; and

(c)   The Buyer having received payment of the Commitment Fee in full when due and payable.

Buyer and Seller agree that the last sentence of paragraph 15(a) of the MRA shall not apply for the duration of this Agreement and accordingly neither party shall have the right to terminate the MRA without the other party’s approval for the duration of this Agreement.

Subject to the satisfaction of the Conditions Precedent and these Repurchase Facility provisions, in each case as determined by Buyer acting in good faith and in a commercially reasonable manner, the Seller may require the Buyer to, and Buyer shall, enter into Facility Repo Transactions with the Seller, during the Commitment Period. Each such Facility Repo Transaction, once entered into, shall be governed by the MRA, the corresponding Repo Confirm, and this Agreement.

If the Seller decides to enter into a Facility Repo Transaction, the Seller must provide the Buyer with written notice by email to: ***@*** (or to such other email address as may be notified in writing by the Buyer to the Seller from time to time to the address of the Seller as set out in Annex II to the MRA) stating its intention to enter into that Facility Repo Transaction by no later than 5:00 p.m. (New York time) on the Business Day that is 1 Business Day prior to the intended Purchase Date of the Facility Repo Transaction (a “Facility Transaction Notice”) and such that when a Facility Transaction Notice is served after 5:00 p.m. (New York time) on a Business Day it shall be deemed to have been served on the immediately following Business Day, unless otherwise agreed between the parties.

A Facility Transaction Notice must specify:

(a)   the Purchase Date, being the first Business Day following the date on which the relevant Facility Transaction Notice was served; and

(b)   the Purchased Securities (types, ISIN, and nominal values), which shall be Eligible Securities (as defined below) of such amount as determined by multiplying the Purchase Price by the relevant Margin Percentage (in accordance with section 11 below) as at the Purchase Date, and are subject to the relevant Concentration Limits (set out in section 12 below); and

(c)   the Purchase Price, in USD, which shall be subject to the condition that the aggregate amount of the Purchase Prices of all Facility Repo Transactions outstanding at any given time must not exceed the Facility Cap; and

(d)   the Repurchase Date which must occur at least five (5) Business Day after the Purchase Date but no later than the earlier of (i) thirty (30) calendar days after the Purchase Date, (ii) the Maturity Date, or (iii) two (2) Business Days Prior to the earliest maturity date of the Purchased Securities; and

(e)   the relevant Pricing Rate (determined in accordance with section 12 below).

The Seller may enter into multiple Facility Repo Transactions provided that all Facility Repo Transactions entered into on the same Purchase Date shall have the same Repurchase Date.

At any given time, the aggregate amount of the Purchase Prices for all Facility Repo Transactions outstanding between the Buyer and the Seller shall not be greater than the Facility Cap specified.

Eligible Securities means securities capable of being Purchased Securities which satisfy the eligibility criteria set out below:

A debt security that is (i) issued by the government of the United States of America, and is an eligible security for the purposes of the United States Federal Reserve Bank’s Open Market Operations, and is not a mortgage backed security, an asset backed security or a collateralized debt obligation (as determined by Buyer in good faith), and (ii) has less than one (1) year to the maturity date.

The Buyer’s Margin Percentage for each Facility Repo Transaction will be equal to 101%.

The Seller’s Margin Percentage for each Facility Repo Transaction will be equal to 101%.

(a)   an Event of Default with respect to Seller as the defaulting party under the MRA and Buyer as the nondefaulting party exercises its rights and remedies under paragraph 11 of the MRA; or

(b)   [reserved],

then the Buyer shall have the right to terminate this Agreement immediately upon serving a written notice, whereupon the Repurchase Date for each Facility Repo Transaction then outstanding shall be deemed immediately to occur and Buyer shall have the rights and remedies provided in paragraph 11 of the MRA as if an Event of Default had occurred with respect to Seller and Buyer were the non-defaulting Party.

Each party represents and warrants to the other that:

(a)   it has the capacity and authority to enter into and perform its obligations set out in this Agreement;

(b)   it is not restricted by its constitution, under any regulations to which it is subject, or in any other manner, from entering into and performing its obligations under this Agreement;

(c)   it has all necessary consents, approvals and licences to enter into, and perform its obligations under, this Agreement; and

(d)   it has made its own independent decisions to enter into this Agreement and as to whether this Agreement, and Transactions hereunder, are appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communications (written or oral) of the other party as investment advice or as a recommendation to enter into this Agreement, or Transactions hereunder, it being understood that information and explanations related to the terms and conditions of this Agreement, or Transactions hereunder will not be considered investment advice or a recommendation to enter into this Agreement, or Transactions hereunder. No communication (written or oral) received from the other party will be deemed to be an assurance or guarantee as to the expected results of any Transactions executed under this Agreement.

For and on behalf of

GOLDMAN SACHS BANK USA

For and on behalf of

CCS IX PORTFOLIO HOLDINGS, LLC