Dividend Reinvestment Plan

DIVIDEND REINVESTMENT PLAN 

OF 

SILVER SPIKE INVESTMENT CORP.

Silver Spike Investment Corp., a Maryland corporation (the “Company”), hereby adopts the following dividend reinvestment plan (the “Plan”) with respect to cash dividends or distributions declared by the Board of Directors of the Company (the “Board”) on shares of the Company’s common stock (the “Common Stock”):

1.       Unless a stockholder specifically elects to receive cash pursuant to paragraph 4 below, all cash dividends or distributions, net of any applicable withholding tax, hereafter declared by the Board shall be reinvested by the Company in shares of Common Stock on behalf of each stockholder, and no action shall be required on such stockholder’s part to receive such Common Stock.

2.       Such cash dividends or distributions shall be payable on such date or dates (each, a “Payment Date”) as may be fixed from time to time by the Board to stockholders of record at the close of business on the record date(s) established by the Board for the cash dividend or distribution involved.

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shares of Common Stock to be issued to a Participant shall be determined by dividing the total dollar amount of the cash dividend or distribution payable to such Participant by the weighted average price per share, excluding any brokerage charges or other charges, of all shares of Common Stock purchased by the Plan Administrator in the open market in connection with the cash dividend or distribution.

4.       A stockholder may elect to receive an entire cash dividend or distribution in cash. To exercise this option, such stockholder shall notify ALPS Fund Services, Inc. (the “Plan Administrator”), in writing so that such notice is received by the Plan Administrator no later than three (3) days prior to the Payment Date for the cash dividend or distribution involved. Such election shall remain in effect until the stockholder shall notify the Plan Administrator in writing of such stockholder’s withdrawal of the election, which notice shall be delivered to the Plan Administrator no later than three (3) days prior to the Payment Date for the cash dividend or distribution involved.

5.       The Plan Administrator will set up an account for shares of Common Stock acquired pursuant to the Plan for each stockholder who has not so elected to receive a cash dividend or distribution in cash (each a “Participant”). The Plan Administrator may hold each Participant’s shares of Common Stock, together with the shares of other Participants, in non-certificated form in the Plan Administrator’s name or that of its nominee. The number of shares of Common Stock to be issued to a Participant pursuant to the Plan will be rounded down to the nearest whole share to avoid the issuance of fractional shares, with any fractional shares being paid in cash.

6.       The Plan Administrator will confirm to each Participant each issuance of shares of Common Stock made to such Participant pursuant to the Plan as soon as practicable following the date of such issuance.

7.       The Plan Administrator will forward to each Participant any Company-related proxy solicitation materials and each Company report or other communication to stockholders. Any shares held by a Participant under the Plan will be voted in accordance with the instructions set forth on proxies returned by the Participant to the Company.

8.       In the event that the Company makes available to its stockholders rights to purchase additional shares or other securities, the shares of Common Stock held by the Plan Administrator for each Participant under the Plan will be added to any other shares held by the Participant in calculating the number of rights to be issued to the Participant.

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9.       The Plan Administrator’s service fee, if any, and expenses for administering the Plan will be paid for by the Company.

10.       Each Participant may terminate his or its account under the Plan by so notifying the Plan Administrator in writing. Such termination will be effective immediately if the Participant’s notice is received by the Plan Administrator not less than three (3) days prior to any cash dividend or distribution Payment Date; otherwise, such termination will be effective only with respect to any subsequent cash dividend or distribution. The Plan may be terminated by the Company upon notice in writing mailed to each Participant at least thirty (30) days prior to any record date for the payment of any cash dividend or distribution by the Company. Upon any termination of the Plan by the Company, or by a Participant of its or his account under the Plan, the Plan Administrator will cause shares of Common Stock held for the Participant under the Plan to be credited to the Participant in book-entry form with the Company’s transfer agent.

11.       These terms and conditions may be amended or supplemented by the Company at any time but, except when necessary or appropriate to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority, only by mailing to each Participant appropriate written notice at least thirty (30) days prior to the effective date thereof. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Administrator receives written notice from the Participant of the termination of such Participant’s account under the Plan. Any such amendment or supplement may include an appointment by the Plan Administrator, in its place and stead, of a successor agent under these terms and conditions, with full power and authority to perform all or any of the acts to be performed by the Plan Administrator under these terms and conditions. Upon any such appointment of any agent for the purpose of receiving cash dividends or distributions, the Company will be authorized to pay to such successor agent, for each Participant’s account, all cash dividends or distributions payable on shares of Common Stock held in the Participant’s name, or under the Plan, for retention or application by such successor agent as provided in these terms and conditions.

12.       The Plan Administrator will at all times act in good faith and use its best efforts within reasonable limits to ensure its full and timely performance of all services to be performed by it under this Plan and to comply with applicable law, but assumes no responsibility, and shall not be liable, for loss or damage due to errors, unless any such error is caused by the Plan Administrator’s negligence, bad faith or willful misconduct, or that of its employees or agents.

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