DESCRIPTION OF SECURITIESNew Mountain Guardian IV BDC, L.L.C. • March 10th, 2023
The following description is based on relevant portions of the Delaware Limited Liability Company Act and on our Limited Liability Company Agreement. This summary is not necessarily complete, and we refer you to the Limited Liability Company Agreement, as amended and restated on June 10, 2022 (the "Second A&R LLC Agreement") for a more detailed description of the provisions summarized below.
