Common use of CLASSES OF PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS Clause in Contracts

CLASSES OF PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS. 20 Section 3.1 Classes of Partnership Interests; Capital Contributions of the Partners 20 Section 3.2 Issuances of Additional Partnership Interests 21 Section 3.3 Additional Funds and Capital Contributions 21 Section 3.4 Issuances; Repurchases and Redemptions; Recapitalizations 22 Section 3.5 No Interest; No Return 27 Section 3.6 Capital Accounts 27 Section 3.7 Certain Preemptive Rights of the NB Partners 27 Section 3.8 Adjustments 28 ARTICLE IV DISTRIBUTIONS 29 Section 4.1 Distributions Generally 29 Section 4.2 Tax Distributions 29 Section 4.3 Distributions in Kind 29 Section 4.4 Distributions to Reflect Additional Partnership Units 29 Section 4.5 Restricted Distributions 29 Section 4.6 Use of Distributions 29 Section 4.7 Seller Earnout Units (Distributions) 30 ARTICLE V ALLOCATIONS 30 Section 5.1 General Allocations 30 Section 5.2 Additional Allocation Provisions 31 Section 5.3 Tax Allocations 32 Section 5.4 Other Allocation Rules 33 Section 5.5 Seller Earnout Units (Allocations) 33 ARTICLE VI OPERATIONS 33 Section 6.1 Management 33 Section 6.2 Compensation and Advances 36 Section 6.3 Outside Activities 37 Section 6.4 Transactions with Affiliates 39 Section 6.5 Liability of Partners; Fiduciary and Other Duties; Indemnification 40 Section 6.6 Indemnification 41 Section 6.7 Certain NB Consent Rights 43

CLASSES OF PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS. 20 Section 3.1 Classes of Partnership Interests; Capital Contributions of the Partners 20 Section 3.2 Issuances of Additional Partnership Interests 21 20 Section 3.3 Additional Funds and Capital Contributions 21 Section 3.4 Issuances; Repurchases and Redemptions; Recapitalizations 22 Section 3.5 No Interest; No Return 27 26 Section 3.6 Capital Accounts 27 26 Section 3.7 Certain Preemptive Rights of the NB Partners 27 Section 3.8 Adjustments 28 ARTICLE IV DISTRIBUTIONS 29 28 Section 4.1 Distributions Generally 29 28 Section 4.2 Tax Distributions 29 28 Section 4.3 Distributions in Kind 29 Section 4.4 Distributions to Reflect Additional Partnership Units 29 Section 4.5 Restricted Distributions 29 Section 4.6 Use of Distributions 29 Section 4.7 Seller Earnout Units (Distributions) 30 29 ARTICLE V ALLOCATIONS 30 Section 5.1 General Allocations 30 Section 5.2 Additional Allocation Provisions 31 30 Section 5.3 Tax Allocations 32 Section 5.4 Other Allocation Rules 33 32 Section 5.5 Seller Earnout Units (Allocations) 33 ARTICLE VI OPERATIONS 33 Section 6.1 Management 33 Section 6.2 Compensation and Advances 36 Section 6.3 Outside Activities 37 Section 6.4 Transactions with Affiliates 39 Section 6.5 Liability of Partners; Fiduciary and Other Duties; Indemnification 40 39 Section 6.6 Indemnification 41 Section 6.7 Certain NB Consent Rights 43

CLASSES OF PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS. 20 22 Section 3.1 Classes of Partnership Interests; Capital Contributions of the Partners 20 22 Section 3.2 Issuances of Additional Partnership Interests 21 24 Section 3.3 Additional Funds and Capital Contributions 21 24 Section 3.4 Issuances; Repurchases and Redemptions; Recapitalizations 22 25 Section 3.5 No Interest; No Return 27 30 Section 3.6 Capital Accounts 27 30 Section 3.7 Certain Preemptive Rights of the NB Partners 27 32 Section 3.8 Adjustments 28 33 ARTICLE IV DISTRIBUTIONS 29 33 Section 4.1 Distributions Generally 29 33 Section 4.2 Tax Distributions 29 33 Section 4.3 Distributions in Kind 29 34 Section 4.4 Distributions to Reflect Additional Partnership Units 29 34 Section 4.5 Restricted Distributions 29 34 Section 4.6 Use of Distributions 29 35 Section 4.7 Seller Earnout Units (Distributions) 30 35 Section 4.8 Certain Agreements Regarding Class P Units 35 ARTICLE V ALLOCATIONS 30 35 Section 5.1 General Allocations 30 35 Section 5.2 Additional Allocation Provisions 31 36 Section 5.3 Tax Allocations 32 38 Section 5.4 Other Allocation Rules 33 39 Section 5.5 Seller Earnout Units (Allocations) 33 39 ARTICLE VI OPERATIONS 33 39 Section 6.1 Management 33 39 Section 6.2 Compensation and Advances 36 43 Section 6.3 Outside Activities 37 43 Section 6.4 Transactions with Affiliates 39 45 Section 6.5 Liability of Partners; Fiduciary and Other Duties; Indemnification 40 46 Section 6.6 Indemnification 41 47 Section 6.7 Certain NB Consent Rights 4350 ARTICLE VII RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS 50 Section 7.1 Return of Capital 50 Section 7.2 Rights of Limited Partners Relating to the Partnership 50 ARTICLE VIII BOOKS AND RECORDS 51 Section 8.1 Books and Records 51 Section 8.2 Inspection 51 ARTICLE IX TAX MATTERS 51 Section 9.1 Preparation of Tax Returns 51 Section 9.2 Tax Elections 52 Section 9.3 Partnership Representative 52 Section 9.4 Withholding Tax Indemnification 54 Section 9.5 Subject Liabilities 55 Section 9.6 FIC Distribution 55 Section 9.7 Exchange Agreement 55 Section 9.8 Intended Tax Treatment 55 ARTICLE X PARTNER TRANSFERS AND WITHDRAWALS 56 Section 10.1 Transfer 56 Section 10.2 Transfer of General Partner’s Partnership Interest 56 Section 10.3 Limited Partners’ Rights to Transfer 56 Section 10.4 Substituted Limited Partners 59 Section 10.5 Assignees 60 Section 10.6 General Provisions 60 ARTICLE XI ADMISSION OF PARTNERS 61 Section 11.1 Admission of Successor General Partner 61 Section 11.2 Partners; Admission of Additional Limited Partners 62 Section 11.3 Limit on Number of Partners 63 Section 11.4 Admission 63 ARTICLE XII DISSOLUTION, LIQUIDATION AND TERMINATION 63 Section 12.1 No Dissolution 63 Section 12.2 Events Causing Dissolution 63 Section 12.3 Distribution upon Dissolution 63 Section 12.4 Rights of Holders 65 Section 12.5 Termination 65 Section 12.6 Reasonable Time for Winding-Up 65 ARTICLE XIII AMENDMENTS; MEETINGS 65 Section 13.1 Amendments 65 Section 13.2 Procedures for Meetings and Actions of the Partners 66 ARTICLE XIV EXCHANGE RIGHTS 67 Section 14.1 Exchanges (Generally) 67 Section 14.2 Lock-Up Periods (Exchanges) 67 Section 14.3 Subject to Exchange Agreement 67 Section 14.4 Alternative Subsidiaries 68 ARTICLE XV MISCELLANEOUS 68 Section 15.1 Partnership Counsel 68 Section 15.2 Appointment of General Partner as Attorney-in-Fact 68 Section 15.3 Governing Law; Waiver of Jury Trial; Jurisdiction 69 Section 15.4 Accounting and Fiscal Year 70 Section 15.5 Entire Agreement 70 Section 15.6 Further Assurances 70 Section 15.7 Notices 70 Section 15.8 Construction 71 Section 15.9 Binding Effect 71 Section 15.10 Severability 71 Section 15.11 Confidentiality 71 Section 15.12 Consent to Use of Name 74 Section 15.13 Consent by Spouse 74 Section 15.14 Counterparts 74 Section 15.15 Survival 74 Section 15.16 Anti-Money Laundering Representations and Undertakings 74 Section 15.17 Relationship to Blue Owl Holdings 75 Section 15.18 Distributions in Kind by NB Partners 75 Schedule I: Equity Ownership Schedule II: Protected Partners Exhibit A: Capital Contributions Exhibit B: Consent by Spouse Exhibit C: Anti-Money Laundering Representations and Undertakings SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF BLUE OWL CAPITAL CARRY LP This Second Amended and Restated Agreement of Limited Partnership of Blue Owl Capital Carry LP (the “Partnership”), dated as of October 22, 2021 (the “Effective Date”), is entered into by and among Blue Owl Capital Inc., a Delaware corporation (“PubCo”), Blue Owl Capital GP LLC, a Delaware limited liability company, a wholly owned subsidiary of PubCo and a General Partner of the Partnership (“Blue Owl GP”), and the Limited Partners (as defined in this Agreement).

CLASSES OF PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS. 20 16 Section 3.1 Classes of Partnership Interests; Capital Contributions of the Partners 20 16 Section 3.2 Issuances of Additional Partnership Interests 21 17 Section 3.3 Additional Funds and Capital Contributions 21 18 Section 3.4 Issuances; Repurchases and Redemptions; Recapitalizations 22 18 Section 3.5 No Interest; No Return 27 20 Section 3.6 Capital Accounts 27 Section 3.7 Certain Preemptive Rights of the NB Partners 27 Section 3.8 Adjustments 28 Accounts. 21 ARTICLE IV DISTRIBUTIONS 29 21 Section 4.1 Distributions Generally 29 21 Section 4.2 Tax Distributions 29 21 Section 4.3 Distributions in Kind 29 22 Section 4.4 Distributions to Reflect Additional Partnership Units 29 22 Section 4.5 Restricted Distributions 29 22 Section 4.6 Use of Distributions 29 22 Section 4.7 Seller Earnout Company Units (Distributions) 30 22 ARTICLE V ALLOCATIONS 30 22 Section 5.1 General Allocations 30 22 Section 5.2 Additional Allocation Provisions 31 23 Section 5.3 Tax Allocations 32 25 Section 5.4 Other Allocation Rules 33 25 Section 5.5 Seller Earnout Company Units (Allocations) 33 25 ARTICLE VI OPERATIONS 33 26 Section 6.1 Management 33 26 Section 6.2 Compensation and Advances 36 28 Section 6.3 Outside Activities 37 29 Section 6.4 Transactions with Affiliates 39 30 Section 6.5 Liability of Partners; Fiduciary and Other Duties; Indemnification 40 30 Section 6.6 Indemnification 41 Section 6.7 Certain NB Consent Rights 4331

CLASSES OF PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS. 20 22 Section 3.1 Classes of Partnership Interests; Capital Contributions of the Partners 20 22 Section 3.2 Issuances of Additional Partnership Interests 21 24 Section 3.3 Additional Funds and Capital Contributions 21 24 Section 3.4 Issuances; Repurchases and Redemptions; Recapitalizations 22 25 Section 3.5 No Interest; No Return 27 30 Section 3.6 Capital Accounts 27 30 Section 3.7 Certain Preemptive Rights of the NB Partners 27 32 Section 3.8 Adjustments 28 33 ARTICLE IV DISTRIBUTIONS 29 33 Section 4.1 Distributions Generally 29 33 Section 4.2 Tax Distributions 29 33 Section 4.3 Distributions in Kind 29 34 Section 4.4 Distributions to Reflect Additional Partnership Units 29 34 Section 4.5 Restricted Distributions 29 34 Section 4.6 Use of Distributions 29 34 Section 4.7 Seller Earnout Units (Distributions) 30 35 Section 4.8 Certain Agreements Regarding Class P Units 35 ARTICLE V ALLOCATIONS 30 35 Section 5.1 General Allocations 30 35 Section 5.2 Additional Allocation Provisions 31 36 Section 5.3 Tax Allocations 32 38 Section 5.4 Other Allocation Rules 33 39 Section 5.5 Seller Earnout Units (Allocations) 33 39 ARTICLE VI OPERATIONS 33 39 Section 6.1 Management 33 39 Section 6.2 Compensation and Advances 36 42 Section 6.3 Outside Activities 37 43 Section 6.4 Transactions with Affiliates 39 45 Section 6.5 Liability of Partners; Fiduciary and Other Duties; Indemnification 40 46 Section 6.6 Indemnification 41 47 Section 6.7 Certain NB Consent Rights 4350 ARTICLE VII RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS 50 Section 7.1 Return of Capital 50 Section 7.2 Rights of Limited Partners Relating to the Partnership 50 ARTICLE VIII BOOKS AND RECORDS 51 Section 8.1 Books and Records 51 Section 8.2 Inspection 51 ARTICLE IX TAX MATTERS 51 Section 9.1 Preparation of Tax Returns 51 Section 9.2 Tax Elections 52 Section 9.3 Partnership Representative 52 Section 9.4 Withholding Tax Indemnification 54 Section 9.5 Subject Liabilities 55 Section 9.6 FIC Distribution 55 Section 9.7 Exchange Agreement 55 Section 9.8 Intended Tax Treatment 55 ARTICLE X PARTNER TRANSFERS AND WITHDRAWALS 55 Section 10.1 Transfer 55 Section 10.2 Transfer of General Partner’s Partnership Interest 56 Section 10.3 Limited Partners’ Rights to Transfer 56 Section 10.4 Substituted Limited Partners 59 Section 10.5 Assignees 59 Section 10.6 General Provisions 60 ARTICLE XI ADMISSION OF PARTNERS 61 Section 11.1 Admission of Successor General Partner 61 Section 11.2 Partners; Admission of Additional Limited Partners 62 Section 11.3 Limit on Number of Partners 62 Section 11.4 Admission 62 ARTICLE XII DISSOLUTION, LIQUIDATION AND TERMINATION 63 Section 12.1 No Dissolution 63 Section 12.2 Events Causing Dissolution 63 Section 12.3 Distribution upon Dissolution 63 Section 12.4 Rights of Holders 64 Section 12.5 Termination 64 Section 12.6 Reasonable Time for Winding-Up 65 ARTICLE XIII AMENDMENTS; MEETINGS 65 Section 13.1 Amendments 65 Section 13.2 Procedures for Meetings and Actions of the Partners 66 ARTICLE XIV EXCHANGE RIGHTS 67 Section 14.1 Exchanges (Generally) 67 Section 14.2 Lock-Up Periods (Exchanges) 67 Section 14.3 Subject to Exchange Agreement 67 Section 14.4 Alternative Subsidiaries 67 ARTICLE XV MISCELLANEOUS 68 Section 15.1 Partnership Counsel 68 Section 15.2 Appointment of General Partner as Attorney-in-Fact 68 Section 15.3 Governing Law; Waiver of Jury Trial; Jurisdiction 69 Section 15.4 Accounting and Fiscal Year 70 Section 15.5 Entire Agreement 70 Section 15.6 Further Assurances 70 Section 15.7 Notices 70 Section 15.8 Construction 70 Section 15.9 Binding Effect 71 Section 15.10 Severability 71 Section 15.11 Confidentiality 71 Section 15.12 Consent to Use of Name 74 Section 15.13 Consent by Spouse 74 Section 15.14 Counterparts 74 Section 15.15 Survival 74 Section 15.16 Anti-Money Laundering Representations and Undertakings 74 Section 15.17 Relationship to Blue Owl Carry 74 Section 15.18 Distributions in Kind by NB Partners 75 Schedule I: Equity Ownership Schedule II: Protected Partners Exhibit A: Capital Contributions Exhibit B: Consent by Spouse Exhibit C: Anti-Money Laundering Representations and Undertakings SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF BLUE OWL CAPITAL HOLDINGS LP This Second Amended and Restated Agreement of Limited Partnership of Blue Owl Capital Holdings LP (the “Partnership”), dated as of October 22, 2021 (the “Effective Date”), is entered into by and among Blue Owl Capital Inc., a Delaware corporation (“PubCo”), Blue Owl Capital GP LLC, a Delaware limited liability company, a wholly owned subsidiary of PubCo and a General Partner of the Partnership (“Blue Owl GP”), and the Limited Partners (as defined in this Agreement).