The Company's commitments and contingencies consist primarily of unfunded commitments to extend credit in the form of loans to the Company’s portfolio companies. The Company considers the unfunded commitment in the determination of fair value of the funded portion of the investment, as presented within the Consolidated Schedule of Investments. As of June 30, 2025, the Company had the following commitments to fund delayed draw term loans and an uncommitted accordion.


	Industry	Type of Investment	Total Committed		Less: Funded Commitments		Total Unfunded Commitments1		Total Unfunded Commitments Available for Draw1
Galileo Learning LLC	Education	Delayed draw term loan	$	2,000,000	$	-	$	2,000,000	$	-
Organixx	Food & Beverage	Delayed draw term loan		1,000,000		-		1,000,000		-
Happy Head, Inc.	Health & Wellness	Delayed draw term loan		2,666,667		-		2,666,667		1,333,333
Roq.Ad, Inc.	Technology – Business	Delayed draw term loan		1,000,000		1,000,000		-		-
Roq.Ad, Inc.	Technology – Business	Uncommitted accordion		6,000,000		-		6,000,000		-
Hearth Display, Inc.	Technology – Consumer	Delayed draw term loan		16,000,000		2,000,000		14,000,000		-
Predictive Fitness, Inc.	Technology – Health & Wellness	Delayed draw term loan		3,000,000		-		3,000,000		-
Atlas Card	Consumer Finance	Delayed draw term loan		18,000,000		-		18,000,000		2,000,000
SE Ranking	Application Software	Delayed draw term loan		1,800,000		-		1,800,000		-
Capacity (AI Software)	Data Processing	Delayed draw term loan		3,600,000		-		3,600,000		-
			$	55,066,667	$	3,000,000	$	52,066,667	$	3,333,333

The unfunded delayed draw term loans may or may not be funded to the borrowing party in the future. These unfunded contractual commitments are generally at the Company's discretion and/or are dependent on the portfolio company meeting certain performance obligations before the debt commitment becomes available to be drawn. Furthermore, the Company’s credit agreements contain customary lending provisions that allow the Company relief from funding obligations for previously made commitments in instances where the underlying portfolio company experiences materially adverse events that affect the financial condition or business outlook for the Company. As of June 30, 2025, $3.3 million was available to be drawn upon by two portfolio companies at their discretion.

Additionally, from time to time, the Investment Adviser may commit to an investment on behalf of the investment vehicles it manages, including the Company. Certain terms of these investments are not finalized at the time of the commitment and the Company’s allocation may change prior to the date of funding.

The Company will fund its unfunded commitments, if any, from the same sources it uses to fund its investment commitments at the time they are made (which are typically through existing cash and cash equivalents and borrowings under its KeyBank Credit Facility) and maintains adequate liquidity to fund its unfunded commitments through these sources.

In the ordinary course of its business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications as of June 30, 2025.

See Note 3 – Agreements and Related Party Transactions for further information on the Company’s Expense Reimbursement Agreement with the Investment Adviser.