Common use of Form of Global Note Clause in Contracts

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. No. 1 Initially $300,000,000 CUSIP Xx. 00000X XX0 XXXX Xx.XX00000XXX00 2.500% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000), or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 2026, and to pay interest thereon from February 3, 2021 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 and August 1 of each year, commencing August 1, 2021, at the rate of 2.500% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) on the Regular Record Date for such interest, which shall be January 15 and July 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Company, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any) and any such interest on this Security will be made at the Corporate Trust Office of the Paying Agent, which shall initially be the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Main Street Specialty Lending, Inc. Capital Corporation No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.50056035L AJ3 ISIN No. US56035LAJ35 6.500% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2027 Main Street Capital Corporation, a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS ________________ (U.S. $300,000,000)____________) on June 4, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 2026, 2027 and to pay interest thereon from February 3June 4, 2021 2024 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 June 4 and August 1 of December 4 in each year, commencing August 1December 4, 20212024, at the rate of 2.5006.500% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 May 20 and July 15 November 20 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office trust office of the Paying AgentTrustee in New York, which shall initially be the Trustee, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual or electronic signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.. In Witness Whereof, the Company has caused this instrument to be duly executed. Dated: MAIN STREET CAPITAL CORPORATION By: __________________________ Name: Title: Attest By: Name: Title: This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. Dated: THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By:___________________________ Authorized Signatory Exhibit A-3 Main Street Capital Corporation

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transferUNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede EXCHANGE OR PAYMENT AND SUCH CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & Co.CO., or such other name as requested by an authorized representative of The Depository Trust CompanyOR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, any transferANY TRANSFER, pledge or other use hereof for value or otherwise by or to any person is wrongfulPLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, as the registered owner hereofAS THE REGISTERED OWNER HEREOF, Cede CEDE & Co.CO., has an interest hereinHAS AN INTEREST HEREIN. Sixth Street Specialty Lending, Inc. Gladstone Investment Corporation No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500376546 701 ISIN No. US3765467010 6.00% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.Xxxxxxxxx Investment Corporation, a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, ,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000), or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, $ ) on August November 1, 20262040, unless earlier redeemed or repurchased in accordance with the provisions of the Indenture, and to pay interest thereon from February 3, 2021 or from monthly on the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 and August 1 first day of each yearmonth, commencing August 1, 2021with the first day of the month following the issuance of such Notes, at the rate of 2.5006.00% per annum, until the principal hereof is paid or made available for payment; provided that, if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment shall be made on the next succeeding Business Day and no additional interest shall accrue as a result of such delayed payment. The interest period for the Notes shall be the period from the Interest Payment Date preceding the issuance date of any Notes to, but excluding, the next Interest Payment Date or the Stated Maturity, as the case may be, and any purchaser of Notes will be required to pay for any interest accrued from the Interest Payment Date preceding the issuance date of the Notes up to, but excluding, the issuance date of the Notes. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date willshall, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 and July 15 (the 15th date of the month, whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will shall forthwith cease to be payable to the Holder Holders of the Notes on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will the Notes shall be made at the Corporate Trust Office of the Paying Agent, which shall initially be the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public by U.S. dollar check drawn on and private debts; provided, however, that at the option of the Company payment of interest maybe made by check mailed to the address of the Person Holder entitled thereto as at such address as shall appear in the Security Register; provided, however, that, at the request of the registered Holder, the Company will pay the principal of (and premium, if any, on) and interest, if any, on the Notes by wire transfer of immediately available funds to an account at a bank in Kansas City, Missouri, on the date when such amount is due and payable and as further set forth in Section 4.01 of the Indenture; provided, further, however, that, so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by DTC and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Main Street Specialty Lending, Inc. Capital Corporation No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.50056035L AH7 ISIN No. US56035LAH78 6.950% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2029 Main Street Capital Corporation, a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS ________________ (U.S. $300,000,000), or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, ____________) on August March 1, 2026, 2029 and to pay interest thereon from February 3January 12, 2021 2024 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February March 1 and August September 1 of in each year, commencing August September 1, 20212024, at the rate of 2.5006.950% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January February 15 and July August 15 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office trust office of the Paying AgentTrustee in New York, which shall initially be the Trustee, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual or electronic signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.. In Witness Whereof, the Company has caused this instrument to be duly executed. Dated: MAIN STREET CAPITAL CORPORATION By: Name: Title: Attest By: Name: Title: This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. Dated: THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By: Authorized Signatory Main Street Capital Corporation

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty LendingTHL Credit, Inc. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500872438 304 ISIN No. US8724383042 6.75% Notes due 0000 Xxxxx Xxxxxx Specialty Lending2022 THL Credit, Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION U.S. DOLLARS (U.S. $300,000,000)U.S.$ ) on December 30, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262022, and to pay interest thereon from February 3December 14, 2021 2015 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually quarterly on February 1 March 30, June 30, September 30, and August 1 of December 30 in each year, commencing August 1March 30, 20212016, at the rate of 2.5006.75% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 and July March 15, June 15, September 15, or December 15 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office office of the Paying AgentTrustee located at 000 Xxxxxxxx Xxxxxx East, which shall initially be Mailcode: EP-MN-WS2N, Xx. Xxxx, MN 55107, Attention: Bondholder Services, EP-MN-WS2N, Reference: THL Credit, Inc. (6.75% Notes Due 2022) and at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer Company or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. Great Elm Capital Corp. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500390320 505 ISIN No. US3903205058 6.50% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.Due 2024 Great Elm Capital Corp., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, ,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000)$ ) on June 30, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 2026, 2024 and to pay interest thereon from February 3June 18, 2021 2019 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually quarterly on February 1 March 31, June 30, September 30 and August 1 of December 31, in each year, commencing August 1September 30, 20212019 (provided, that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment will be made on the next succeeding Business Day and no additional interest will accrue as a result of such delayed payment), at the rate of 2.5006.50% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January March 15, June 15, September 15 and July December 15 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office of the Paying AgentTrustee in New York, which shall initially be the Trustee, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transferUNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede EXCHANGE OR PAYMENT AND SUCH CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & Co.CO., or such other name as requested by an authorized representative of The Depository Trust CompanyOR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, any transferANY TRANSFER, pledge or other use hereof for value or otherwise by or to any person is wrongfulPLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, as the registered owner hereofAS THE REGISTERED OWNER HEREOF, Cede CEDE & Co.CO., has an interest hereinHAS AN INTEREST HEREIN. Sixth Street Specialty Carlyle Secured Lending, Inc. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500000000XX0 ISIN No. US872280AA01 6.750% Notes due 0000 Xxxxx Xxxxxx Specialty 2030 Carlyle Secured Lending, Inc., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, ,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000)$ ) on February 18, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262030, and to pay interest thereon from February 3October 18, 2021 2024 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually semiannually on February 1 18 and August 1 of 18 in each year, commencing August 1February 18, 20212025, at the rate of 2.5006.750% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date willshall, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (time, or the “close of business”) , on the Regular Record Date for such interest, which shall be January 15 February 4 and July 15 (whether or not a Business Day), as the case may beAugust 4, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Company, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will shall be made at the Corporate Trust Office of the Paying AgentTrustee located at Xxx Xxxxxxx Xxxxxx, which shall initially be Xxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000. Attention: Global Corporate Trust Services. Reference: Carlyle Secured Lending, Inc. or at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that that, at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that, at the request of the registered Holder, the Company will pay the principal of (and premium, if any, on) and interest, if any, on the Securities by wire transfer of immediately available funds to an account at a bank in New York City, on the date when such amount is due and payable and as further set forth in Section 10.01 of the Indenture; provided further, however, that so long as this Security is registered to Cede & Co., such payment shall be made by wire transfer in accordance with the procedures established by The Depository Trust Company. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual or facsimile signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. [Insert the Restricted Notes Legend if applicable pursuant to the provisions of the Indenture] FS KKR Capital Corp. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500ISIN No. 8.625% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2025 FS KKR Capital Corp., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000)$ ) on May 15, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262025, and to pay interest thereon from February 3April 30, 2021 2020 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 May 15 and August 1 November 15 of each year, commencing August 1November 15, 20212020, at the rate of 2.5008.625% per annum, subject to adjustment in connection with any Downgrade Period, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 April 30 and July 15 October 31 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office office of the Paying AgentTrustee located at Xxx Xxxxxxx Xxxxxx, which shall initially be 00xx Xxxxx, Xxxxxx, XX 00000 and at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. FS Investment Corporation No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500ISIN No. 4.250% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2020 FS Investment Corporation, a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000)$ ) on January 15, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262020, and to pay interest thereon from February December 3, 2021 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 January 15th and August 1 July 15th of each year, commencing August 1July 15, 20212015, at the rate of 2.5004.250% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 1 and July 15 1 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office office of the Paying AgentTrustee located at Xxx Xxxxxxx Xxxxxx, which shall initially be 00xx Xxxxx, Xxxxxx, XX 00000 and at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. FS KKR Capital Corp. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500ISIN No. 1.650% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2024 FS KKR Capital Corp., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000)$ ) on October 12, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262024, and to pay interest thereon from February 3October 12, 2021 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 April 12 and August 1 October 12 of each year, commencing August 1April 12, 20212022, at the rate of 2.5001.650% per annum, annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 April 1 and July 15 October 1 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office office of the Paying AgentTrustee located at Xxx Xxxxxxx Xxxxxx, which shall initially be 00xx Xxxxx, Xxxxxx, XX 00000 and at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty LendingGxxxx Capital BDC, Inc. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.50038173M AE2 ISIN No. US38173MAE21 6.000% Notes due 0000 Xxxxx Xxxxxx Specialty Lending2029 Gxxxx Capital BDC, Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS _______________ (U.S. $300,000,000)___) on July 15, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262029, and to pay interest thereon from February 3[1], 2021 2024 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 January 15 and August 1 of July 15 in each year, commencing August 1July 15, 2021, 2024 at the rate of 2.5006.000% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 June 30 and July 15 December 30 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any) and any such interest on this Security will be made at the Corporate Trust Office of the Paying Agent, which shall initially be the Trustee, Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by (1) check mailed to the address of the Person entitled thereto as such address shall appear in the Security RegisterRegister or (2) transfer to an account maintained by the Person entitled thereto located in the United States; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. FS KKR Capital Corp. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500ISIN No. 3.125% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2028 FS KKR Capital Corp., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000)$ ) on October 12, or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 20262028, and to pay interest thereon from February 3October 12, 2021 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on February 1 April 12 and August 1 October 12 of each year, commencing August 1April 12, 20212022, at the rate of 2.5003.125% per annum, annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January 15 April 1 and July 15 October 1 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office office of the Paying AgentTrustee located at Xxx Xxxxxxx Xxxxxx, which shall initially be 00xx Xxxxx, Xxxxxx, XX 00000 and at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer or its agent for registration of transferUNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede EXCHANGE OR PAYMENT AND SUCH CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & Co.CO., or such other name as requested by an authorized representative of The Depository Trust CompanyOR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, any transferANY TRANSFER, pledge or other use hereof for value or otherwise by or to any person is wrongfulPLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, as the registered owner hereofAS THE REGISTERED OWNER HEREOF, Cede CEDE & Co.CO., has an interest hereinHAS AN INTEREST HEREIN. Sixth Street Specialty Carlyle Secured Lending, Inc. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500000000000 ISIN No. US8722802019 8.20% Notes due 0000 Xxxxx Xxxxxx Specialty 2028 Carlyle Secured Lending, Inc., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, ,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS (U.S. $300,000,000), or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, $ ) on August December 1, 20262028, and to pay interest thereon from February 3November 20, 2021 2023 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually quarterly on February March 1, June 1, September 1 and August December 1 of in each year, commencing August March 1, 20212024, at the rate of 2.5008.20% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date willshall, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January February 15, May 15, August 15 and July 15 (November 15, whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will shall forthwith cease to be payable to the Holder Holders of the Notes on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will shall be made at the Corporate Trust Office of the Paying AgentTrustee located at 000 Xxxxxxxxx Xxxxxx, which shall initially be Xxxxx 0 Xxxx, Xxx Xxxx, Xxx Xxxx 00000. Attention: Corporate Trust Administration—Carlyle Secured Lending, Inc. (8.20% Notes Due 2028) or at such other address as designated by the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that that, at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, however, that, at the request of the registered Holder, the Company will pay the principal of (and premium, if any, on) and interest, if any, on the Securities by wire transfer of immediately available funds to an account at a bank in New York City, on the date when such amount is due and payable and as further set forth in Section 10.01 of the Indenture; provided further, however, that so long as this Security is registered to Cede & Co., such payment shall be made by wire transfer in accordance with the procedures established by The Depository Trust Company. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual or facsimile signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

Form of Global Note. THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFThis Security is a Global Note within the meaning of the Indenture hereinafter referred to and is registered in the name of The Depository Trust Company or a nominee thereof. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTEREDThis Security may not be exchanged in whole or in part for a Security registered, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTEREDand no transfer of this Security in whole or in part may be registered, IN THE NAME OF ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOFin the name of any Person other than The Depository Trust Company or a nominee thereof, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTUREexcept in the limited circumstances described in the Indenture. Unless this certificate is presented by an authorized representative of The Depository Trust Company to the issuer Company or its agent for registration of transfer, exchange or payment and such certificate issued in exchange for this certificate is registered in the name of Cede & Co., or such other name as requested by an authorized representative of The Depository Trust Company, any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful, as the registered owner hereof, Cede & Co., has an interest herein. Sixth Street Specialty Lending, Inc. Great Elm Capital Corp. No. 1 Initially $300,000,000 $ CUSIP XxNo. 00000X XX0 XXXX Xx.XX00000XXX00 2.500[__________] ISIN No. [__________] [_____]% Notes due 0000 Xxxxx Xxxxxx Specialty Lending, Inc.2029 Great Elm Capital Corp., a corporation duly organized and existing under the laws of Delaware Maryland (herein called the “Company”, ,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED MILLION DOLLARS dollars (U.S. $300,000,000)$ ) on [__________], or such other principal sum as shall be set forth in the Schedule of Increases or Decreases attached hereto, on August 1, 2026, 2029 and to pay interest thereon from February 3[__________], 2021 2024 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually quarterly on February 1 March 31, June 30, September 30 and August 1 of December 31 in each year, commencing August 1[__________], 20212024 (provided, that if an Interest Payment Date falls on a day that is not a Business Day, then the applicable interest payment will be made on the next succeeding Business Day and no additional interest will accrue as a result of such delayed payment), at the rate of 2.500[_____]% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security is registered at 5:00 p.m. New York City time (the “close of business”) business on the Regular Record Date for such interest, which shall be January March 15, June 15, September 15 and July December 15 (whether or not a Business Day), as the case may be, immediately next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the CompanyTrustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. This Security may be issued as part of a series. Payment of the principal of (and premium, if any, on) and any such interest on this Security will be made at the Corporate Trust Office of the Paying AgentTrustee in New York, which shall initially be the Trustee, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest maybe may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, provided, further, however, that so long as this Security is registered to Cede & Co., such payment will be made by wire transfer in accordance with the procedures established by The Depository Trust Company and the Trustee. Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.