JOINT ALLOCATION AGREEMENT
THIS JOINT ALLOCATION AGREEMENT (this “Agreement”), effective as of the 9th day of
April, 2026, by and among Carlyle Secured Lending, Inc. and Carlyle Credit Solutions, Inc., each
affiliates and business development companies that have elected or intend to elect to be regulated under
the Investment Company Act of 1940, as amended (the “1940 Act”), and any subsidiaries thereof (each an
“Insured” and together, the “Insureds”).
WHEREAS, pursuant to the requirements of Section 17(g) of the 1940 Act and Rule 17g-1
adopted thereunder (“Rule 17g-1”), which apply to a business development company pursuant to Section
59 of the 1940 Act, each Insured is required to maintain a bond issued by a reputable fidelity insurance
company, authorized to do business in the place where the bond is issued, against larceny and
embezzlement, covering certain officers and employees of the Insureds; and
WHEREAS, the Insureds propose entering into a joint bond with Berkley Regional Insurance
Company, in accordance with Rule 17g-1 (such joint bond as proposed to be executed and as it may be
amended from time to time, hereinafter, the “Bond”); and
WHEREAS, the Insureds, in order to be covered jointly under the Bond, are required by Rule
17g-1 to be parties to an agreement that establishes the criteria by which the premiums and any recoveries
under the Bond shall be allocated among them.
NOW, THEREFORE, it is agreed as follows:
1. Amount of Coverage Maintained. The amount of fidelity coverage under the Bond shall
at all times be at least equal to the sum of: (a) the total amount of coverage the Insured would have been
required to provide and maintain individually pursuant to the schedule set forth in paragraph (d)(1) of
Rule 17g-1 had the other not been a named insured under the Bond, plus (b) the amount of each bond
which each other named Insured would have been required to provide and maintain pursuant to federal
statutes or regulations had such Insured not been named as an insured under the Bond (such amounts,
respectively, the “minimum coverage requirement” for each Insured). The amount of fidelity coverage
under the Bond shall be approved at least annually by the Board of Directors/Trustees of each Insured,
including a majority of those directors/trustees who are not “interested persons” of the Insureds.
2.Allocation of Recovery. In the event an actual pecuniary loss is suffered by the Insureds
under circumstances covered by the Bond, any recovery under the Bond shall be allocated among such
Insureds as follows:
a.If the total amount of coverage provided under the Bond exceeds or is equal to
the amount of the combined total loss suffered by the Insureds suffering the loss, then each such Insured
shall be entitled to recover the amount of its actual loss.
b.If the amount of loss suffered by each Insured suffering loss exceeds its
minimum coverage requirement as set forth in Section 1 hereof and the amount of such Insureds’
combined actual losses exceeds the total amount of coverage under the Bond, then each such Insured shall
be entitled to recover (i) its minimum coverage requirement, and (ii) to the extent there exists any excess
coverage, the proportion of such excess coverage that its minimum coverage requirement bears to the
amount of the combined minimum coverage requirements of the Insureds suffering actual loss; provided,