Fair Oaks Loan Funding VII DAC: 02 July 2026

The assets securing the Notes will consist of a portfolio of primarily Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, and will be managed by Fair Oaks Capital Ltd.

Eligibility criteria (includes): it is a Senior Secured Loan, a Senior Secured Bond, an Unsecured Senior Loan, a Mezzanine Obligation, a Second Lien Loan, a Corporate Rescue Loan, or a High Yield Bond; it is not a lease; other than in the case of a Corporate Rescue Loan or an obligation which is Uptier Priming Debt, it is not a Defaulted Obligation or a Credit Impaired Obligation (unless such Defaulted Obligation is a Received Obligation); it is not a Project Finance Loan; it is not a Step-Down Coupon Security; it is not an ESG Prohibited Obligation.

At closing, the Issuer will also issue two Class A Loans which will be fully drawn on the Issue Date.

The Notes (other than the Class F Notes) are being offered by the Issuer through BNP Paribas or an affiliate thereof in its capacity as Arranger and Initial Purchaser of the offering of such Notes, subject to prior sale and subject to certain conditions.

Prior to the Issue Date the Issuer entered into transactions equal to approximately €327mln, representing approximately 93.0% of the Target Par Amount.

EU/UK Risk Retention: In accordance with the EU/UK Retention and Transparency Requirements, the Retention Holder will acquire and hold the Retention Notes on the terms set out in the Risk Retention Letter.

US Risk Retention: The Retention Holder does not intend to purchase or retain debt for the purposes of satisfying the US Risk Retention Rules. Nevertheless, to the extent that the US Risk Retention Rules apply to this offering, the Collateral Manager and the Retention Holder intend to comply with the "Safe harbor for certain foreign-related transactions" contained in Section ___. 20 of the US Risk Retention Rules.