<SEC-DOCUMENT>0001433642-22-000055.txt : 20221026
<SEC-HEADER>0001433642-22-000055.hdr.sgml : 20221026
<ACCEPTANCE-DATETIME>20221026162059
ACCESSION NUMBER:		0001433642-22-000055
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		18
CONFORMED PERIOD OF REPORT:	20221020
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20221026
DATE AS OF CHANGE:		20221026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hamilton Lane INC
		CENTRAL INDEX KEY:			0001433642
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				262482738
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38021
		FILM NUMBER:		221333469

	BUSINESS ADDRESS:	
		STREET 1:		110 WASHINGTON STREET
		STREET 2:		SUITE 1300
		CITY:			CONSHOHOCKEN
		STATE:			PA
		ZIP:			19428
		BUSINESS PHONE:		(610) 934-2222

	MAIL ADDRESS:	
		STREET 1:		110 WASHINGTON STREET
		STREET 2:		SUITE 1300
		CITY:			CONSHOHOCKEN
		STATE:			PA
		ZIP:			19428
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hlne-20221020.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2022 Workiva--><!--r:48f2a2ea-3c72-41ec-8018-21435e3ce2b6,g:cef34065-9c72-49a6-be35-d25c9c9e8c90,d:7495663b051e40ae8cdc395ec70edfce--><html xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns="http://www.w3.org/1999/xhtml" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:xlink="http://www.w3.org/1999/xlink" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>hlne-20221020</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV80L2ZyYWc6MzM5ZjJiM2VjYjRlNDg5NDgxYWMwZjE4Mzg4NWZmMjMvdGFibGU6ZDYzYWE1MDdmMDVhNDJjNDk0M2M5MTM5ZmRlNTI3NjQvdGFibGVyYW5nZTpkNjNhYTUwN2YwNWE0MmM0OTQzYzkxMzlmZGU1Mjc2NF8wLTEtMS0xLTEwNjEwOQ_538f061c-828f-4c63-ba17-f673010a0bf8">0001433642</ix:nonNumeric><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV80L2ZyYWc6MzM5ZjJiM2VjYjRlNDg5NDgxYWMwZjE4Mzg4NWZmMjMvdGFibGU6ZDYzYWE1MDdmMDVhNDJjNDk0M2M5MTM5ZmRlNTI3NjQvdGFibGVyYW5nZTpkNjNhYTUwN2YwNWE0MmM0OTQzYzkxMzlmZGU1Mjc2NF8xLTEtMS0xLTEwNjEwOQ_cb02db19-e466-4722-9229-f680c586a58b">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="hlne-20221020.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001433642</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-10-20</xbrli:startDate><xbrli:endDate>2022-10-20</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i7495663b051e40ae8cdc395ec70edfce_1"></div><div style="min-height:58.5pt;width:100%"><div><span><br/></span></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, DC 20549</span></div><div style="margin-bottom:10pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:13.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:70.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.251%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">FORM&#160;<ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjIy_b2df8b05-e9d5-4121-b421-16cdfdafcfc0">8-K</ix:nonNumeric> </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported): <ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8yMjY_47bcd57f-427e-42f3-9551-3d265f9475fb">October 20, 2022</ix:nonNumeric> </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjE4_0c145b6c-52d3-441b-b16b-dbcb24601bfd">Hamilton Lane Inc</ix:nonNumeric>orporated</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact Name of Registrant as specified in its charter)</span></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.839%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.557%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.506%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.557%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.841%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZWU5M2E0YzMzMjY2NDhiOWE4MThiNGM1MjdiMGY5NTcvdGFibGVyYW5nZTplZTkzYTRjMzMyNjY0OGI5YTgxOGI0YzUyN2IwZjk1N18wLTAtMS0xLTEwNjEwOQ_222d3966-4270-44e4-b095-fb061160425b">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZWU5M2E0YzMzMjY2NDhiOWE4MThiNGM1MjdiMGY5NTcvdGFibGVyYW5nZTplZTkzYTRjMzMyNjY0OGI5YTgxOGI0YzUyN2IwZjk1N18wLTItMS0xLTEwNjEwOQ_4164d8e0-85ef-43f1-9bfa-c4379efa0e9e">001-38021</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZWU5M2E0YzMzMjY2NDhiOWE4MThiNGM1MjdiMGY5NTcvdGFibGVyYW5nZTplZTkzYTRjMzMyNjY0OGI5YTgxOGI0YzUyN2IwZjk1N18wLTQtMS0xLTEwNjEwOQ_56126f1b-7dfd-480a-b94c-ca1d2f241d04">26-2482738</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State or other jurisdiction of incorporation)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Commission File No.)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(IRS Employer Identification No.)</span></td></tr></table></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.895%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.087%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.474%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.632%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18wLTAtMS0xLTEwNjEwOQ_4f7a30fd-4a5a-47cf-9df2-806bf7e03f14">110 Washington Street,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityAddressAddressLine2" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18wLTEtMS0xLTEwNjEwOQ_5a3f80d7-9dec-4397-867f-6abfcd55d511">Suite 1300</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18xLTAtMS0xLTEwNjEwOQ_12108a75-2abd-44b2-8cdc-694407806ecc">Conshohocken,</ix:nonNumeric> </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18xLTEtMS0xLTEwNjEwOQ_a69debb9-ab35-478d-8393-0f1b46b5c268">PA</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18xLTUtMS0xLTEwNjEwOQ_0f13f45e-1b5c-4c6b-9c5d-5087be95b939">19428</ix:nonNumeric></span></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjE5_fd09a7c8-acfe-47e4-950e-c26c07799616">610</ix:nonNumeric>) <ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjIw_f319dc07-06cd-4d28-8818-0970e3fdff68">934-2222</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Registrant&#8217;s telephone number, including area code)</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable</span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Former Name or Former Address, if Changed Since Last Report)</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"></td><td style="width:2.670%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:96.030%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8wLTAtMS0xLTEwNjEwOQ_b74d5218-881e-4c87-8e5a-d86a26de85f3">&#9744;</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:3pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8xLTAtMS0xLTEwNjEwOQ_058801ad-b92c-4c45-86f6-453c211316fb">&#9744;</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8yLTAtMS0xLTEwNjEwOQ_89787889-f517-4e47-88da-9c3c1db2629c">&#9744;</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8zLTAtMS0xLTEwNjEwOQ_4e19b30c-daa1-4c81-80ad-c38e3a7ec22f">&#9744;</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:3pt;font-weight:400;line-height:100%">&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17&#160;CFR 240.13e-4(c))</span></div></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.787%"><tr><td style="width:1.0%"></td><td style="width:14.599%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.429%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.016%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.644%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.646%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MmRiMzQ3ZGVhMTdmNDhlNmFmMDA3ZDE2NWU3YmI4MTYvdGFibGVyYW5nZToyZGIzNDdkZWExN2Y0OGU2YWYwMDdkMTY1ZTdiYjgxNl8xLTAtMS0xLTEwNjEwOQ_0c6d026e-b33f-4cde-b866-13981c0da94d">Class A Common Stock, $0.001 par value per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MmRiMzQ3ZGVhMTdmNDhlNmFmMDA3ZDE2NWU3YmI4MTYvdGFibGVyYW5nZToyZGIzNDdkZWExN2Y0OGU2YWYwMDdkMTY1ZTdiYjgxNl8xLTMtMS0xLTEwNjEwOQ_7dcbef5b-a726-4870-b8a7-40dc6451f0be">HLNE</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MmRiMzQ3ZGVhMTdmNDhlNmFmMDA3ZDE2NWU3YmI4MTYvdGFibGVyYW5nZToyZGIzNDdkZWExN2Y0OGU2YWYwMDdkMTY1ZTdiYjgxNl8xLTUtMS0xLTEwNjEwOQ_6d227725-0d35-4fb4-b409-0beca39fa5df">The Nasdaq Stock Market LLC</ix:nonNumeric> </span></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></div><div style="margin-bottom:6pt;padding-left:346.5pt;text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjIx_d8b47d0e-3097-4ba4-8178-8bf89ef371bb">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i7495663b051e40ae8cdc395ec70edfce_7"></div><hr style="page-break-after:always"/><div style="min-height:58.5pt;width:100%"><div><span><br/></span></div></div><div style="padding-left:49.5pt;text-indent:-49.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 1.01.  Entry into a Material Definitive Agreement.</span></div><div style="padding-left:49.5pt;text-indent:-49.5pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On October 20, 2022, Hamilton Lane Advisors, L.L.C. (&#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">HLA</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;), the operating subsidiary of Hamilton Lane Incorporated, entered into:</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(i) a Multi-Draw Term Loan and Security Agreement (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">2022 Term Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;) with First Republic Bank (&#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">First Republic</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;);</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(ii) a Third Amendment to Revolving Loan and Security Agreement (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Third Amendment to 2017 Revolving Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;), amending the Revolving Loan and Security Agreement, dated as of August 23, 2017, by and between HLA and First Republic (as previously amended and as amended pursuant to the Third Amendment to 2017 Revolving Loan Agreement, the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">2017 Revolving Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;);</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(iii) a Fourth Amendment to Term Loan and Security Agreement (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Fourth Amendment to 2017 Term Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;), amending the Term Loan and Security Agreement, dated as of August 23, 2017, by and between HLA and First Republic (as previously amended and as amended pursuant to the Fourth Amendment to 2017 Term Loan Agreement, the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">2017 Term Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;); and</span></div><div style="padding-left:36pt;text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(iv) a Third Amendment to Multi-Draw Term Loan and Security Agreement (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Third Amendment to 2020 Term Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;), amending the Multi-Draw Term Loan and Security Agreement, dated March 24, 2020, by and between HLA and First Republic (as previously amended and as amended pursuant to the Third Amendment to 2020 Term Loan Agreement, the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">2020 Term Loan Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221; and, together with the 2022 Term Loan Agreement, the 2017 Revolving Loan Agreement and the 2017 Term Loan Agreement, the  &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Loan Agreements</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;).</span></div><div style="padding-left:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Loan Agreements are cross-collateralized and cross-defaulted and the aggregate principal amount of loans that may be outstanding under all of the Loan Agreements is subject to an aggregate cap of $325 million (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Cap</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;).</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The 2022 Term Loan Agreement provides for term loans in the aggregate principal amount of $75 million, subject to the Cap, which may be drawn any time on or before September 30, 2025 (the &#8220;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">2022 Term Loan Facility</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8221;), subject to certain terms and conditions. Borrowings under the 2022 Term Loan Facility accrue interest at a rate equal to the greater of (a) Prime minus 1.50 and (b) 3%. The 2022 Term Loan Facility matures on October 1, 2029.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">HLA granted a security interest in substantially all of its personal property assets under the 2022 Term Loan Agreement, except for certain excluded assets, consistent with the other Loan Agreements. The 2022 Term Loan Agreement contains covenants that, among other things, limit HLA&#8217;s ability to: incur indebtedness; transfer or dispose of assets; merge with other companies; create, incur or allow liens; make certain investments; pay dividends or make distributions during a default or if it would create a default; engage in transactions with affiliates; and take certain actions with respect to management fees. The 2022 Term Loan Agreement also requires HLA to maintain (i) a specified amount of management fees in each semi-annual period, (ii) a specified tangible net worth during each fiscal year, and (iii) a specified amount of adjusted EBITDA minus dividends and distributions (other than tax distributions), on a trailing six-month basis, tested semi-annually. The required amounts for each of the foregoing tests varies over time.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The 2022 Term Loan Agreement contains certain events of default, including (subject, in certain cases, to materiality thresholds and grace periods) payment default, failure to comply with covenants, material inaccuracy of representations or warranties, bankruptcy or insolvency proceedings, and a cross-default to the other Loan Agreements. If an event of default under the 2022 Term Loan Agreement occurs and is not waived, First Republic may, among other things, discontinue advancing money or extending credit under the 2022 Term Loan Agreement and declare outstanding amounts immediately due and payable; additionally, due to the cross-default provisions, First Republic would be entitled to take similar actions with respect to the other Loan Agreements. In addition, during the continuance of an event of default, an additional 5.0% penalty interest rate may apply.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Third Amendment to 2017 Revolving Loan Agreement provides for, among other things, an extension of the maturity date for the revolving credit facility to March 24, 2025 and an increase in the committed aggregate amount of revolving credits loans to $50 million, subject to the Cap and the other terms and conditions therein. The Third Amendment to 2017 Revolving Loan Agreement also modifies financial and certain other covenants applicable to HLA in a manner similar to those in the 2022 Term Loan Agreement.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:58.5pt;width:100%"><div><span><br/></span></div></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Fourth Amendment to 2017 Term Loan Agreement provides for, among other things, (a) an extension of the maturity date for the term loans thereunder to January 1, 2030, (b) an increase in the principal amount to $100,000,000 subject to the Cap and the other terms and conditions therein and (c) an interest rate equal to the greater of (i) Prime minus 1.25 and (ii) 3%. The Fourth Amendment to 2017 Term Loan Agreement also modifies financial and certain other covenants applicable to HLA in a manner similar to those in the 2022 Term Loan Agreement. Under the 2017 Term Loan Agreement, HLA remains entitled to request additional uncommitted term advances not to exceed $25 million in the aggregate through December 31, 2023; First Republic may, in its discretion, agree to such increase, but the total outstanding amount under all of the Loan Agreements would be subject to the Cap.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Third Amendment to 2020 Term Loan Agreement modifies financial and certain other covenants applicable to HLA in a manner similar to those in the 2022 Term Loan Agreement and applies the Cap to the permitted amount that may be outstanding.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The foregoing descriptions do not purport to be complete and are qualified in their entirety by reference to the respective new agreements, which are filed as Exhibits 10.1, 10.2, 10.3, and 10.4 to this Current Report on Form 8-K and are incorporated herein by reference.</span></div><div><span><br/></span></div><div id="i7495663b051e40ae8cdc395ec70edfce_155"></div><div style="padding-left:49.5pt;text-indent:-49.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.03.  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</span></div><div style="padding-left:49.5pt;text-indent:-49.5pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.</span></div><div style="text-align:justify"><span><br/></span></div><div id="i7495663b051e40ae8cdc395ec70edfce_10"></div><div style="-sec-extract:summary"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01.  Financial Statements and Exhibits.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)  Exhibits</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.613%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Exhibit&#160;No.</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Description</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-form8xkhlafin.htm">10.1</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#186;</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-form8xkhlafin.htm">Multi-Draw Term Loan and Security Agreement, dated October 20, 2022, by and between First Republic Bank and Hamilton Lane Advisors, L.L.C.</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-form8xkhlafinb.htm">10.2</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#186;</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-form8xkhlafinb.htm">Third Amendment to Revolving Loan and Security Agreement, dated October 20, 2022, by and between First Republic Bank and Hamilton Lane Advisors, L.L.C.</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-xform8xkhlafi.htm">10.3</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#186;</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-xform8xkhlafi.htm">Fourth Amendment to Term Loan and Security Agreement, dated October 20, 2022, by and between First Republic Bank and Hamilton Lane Advisors, L.L.C. </a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-form8xkhlafina.htm">10.4</a></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="hamiltonlane-form8xkhlafina.htm">Third Amendment to Multi-Draw Term Loan and Security Agreement, dated October 20, 2022, by and between First Republic Bank and Hamilton Lane Advisors, L.L.C.</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#186; Confidential information in this exhibit has been omitted.</span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i7495663b051e40ae8cdc395ec70edfce_13"></div><hr style="page-break-after:always"/><div style="min-height:58.5pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:46.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.136%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:40.202%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">HAMILTON LANE INCORPORATED</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date: October 26, 2022</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Lydia A. Gavalis</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lydia A. Gavalis</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General Counsel and Secretary</span></td></tr></table></div><div><span><br/></span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>hamiltonlane-form8xkhlafin.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_1"></div><div style="min-height:184.32pt;width:100%"><div style="margin-bottom:12pt;padding-right:-22.5pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit 10.1</font></div><div style="padding-right:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CERTAIN CONFIDENTIAL INFORMATION, IDENTIFIED BY BRACKETED ASTERISKS &#91;***&#93;, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.</font></div><div style="padding-right:-22.5pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:14.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:82.863%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.75pt;padding-right:2.75pt"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:65px;margin-bottom:5pt;vertical-align:text-bottom;width:65px"></div></td><td colspan="3" style="border-bottom:1.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:18pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">F</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">IRST</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">R</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">EPUBLIC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">ANK</font></div><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">It&#8217;s a privilege to serve you</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">&#174;</font></div></td></tr></table></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">EXECUTION VERSION</font></div><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">This </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">MULTI-DRAW TERM LOAN AND SECURITY AGREEMENT</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) dated October 20, 2022 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;), between FIRST REPUBLIC BANK (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) and HAMILTON LANE ADVISORS, L.L.C., a Pennsylvania limited liability company (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrower</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) provides the terms on which Lender will lend to Borrower and Borrower will repay Lender.  The parties agree as follows&#58;   </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">ACCOUNTING AND OTHER TERMS</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Subject to Section 1.2, accounting terms not defined in this Agreement will be construed following GAAP and calculations and determinations must be made following GAAP.  The term &#8220;financial statements&#8221; includes the notes and schedules.  The terms &#8220;including&#8221; and &#8220;includes&#8221; always mean &#8220;including (or includes) without limitation,&#8221; in this or any Loan Document. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Notwithstanding the foregoing, if, after the date of this Agreement, there shall be a change in GAAP that would affect the calculation of any amounts included in any covenants or other provisions of this Agreement, then the parties shall negotiate in good faith an amendment to this Agreement to revise the covenant or other provision to give effect to the original intent of the parties and, until such amendment is effected, the calculation shall be based on GAAP as in effect prior to the change in GAAP and the Borrower shall provide the Lender with a reconciliation of the differences.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">LOAN AND TERMS OF PAYMENT</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Promise to Pay.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Borrower promises to pay Lender the unpaid principal amount of all Credit Extensions and interest on the unpaid principal amount of the Credit Extensions. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.1.1  &#160;&#160;&#160;&#160;Advances.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subject to the terms and conditions of this Agreement, (i) on the Effective Date the Lender shall advance $0 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Initial Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) to Borrower and (ii) from the date hereof through the Conversion Date, Borrower may request additional advances (each, an &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Additional Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; and, collectively and with the Initial Advance, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Advances</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;). The Initial Advance and each Additional Advance shall not exceed $75,000,000 in the aggregate (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility IV</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  After repayment, no Advance may be reborrowed. Borrower shall make interest-only payments from the date of each Advance through, but excluding, September 30, 2023 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortization Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  For any Advances made on or before the Amortization Date, Borrower shall repay the Advances (i) on the first Business Day of each calendar quarter beginning on October 1, 2023, in equal installments of principal through the Term Maturity Date (defined below) as set forth in Schedule II hereof </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">plus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (ii) monthly payments of accrued interest.  For any Advances made after the Amortization Date and through the Conversion Date, Borrower shall repay Advances (i) beginning on the first Business Day after the calendar quarter that the Advance was made, in equal installments of principal through the Term Maturity Date (defined below) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">plus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (ii) monthly payments of accrued interest. Accrued interest for each Advance shall be paid pursuant to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. All unpaid principal and interest on each Advance shall be due on October 1, 2029 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Maturity Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">To obtain an Advance, Borrower shall notify Lender by delivering to Lender the Payment&#47;Advance Form attached as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit&#160;B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> by facsimile or electronic mail in portable document format (PDF) by 12&#58;00 p.m. Pacific time on the Business Day before the Business Day that the Advance is to be made.  Lender will credit Advances to Borrower&#8217;s deposit Account with Lender, as defined in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Lender may make Advances under this Agreement based on instructions from a Designated Representative or his or her designee.  Each request by Borrower for an Advance shall constitute a representation and warranty by Borrower to Lender that, after giving effect to each Advance, the aggregate outstanding amount of all Advances will not exceed the lesser of (i) $75,000,000</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">and (ii) the Term Loan Availability Amount (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Loan Line</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;)</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:0.12pt;text-align:justify;text-indent:0.36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.2 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Interest Rate, Payments. </font></div><div style="margin-bottom:0.12pt;text-align:justify;text-indent:0.36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt;text-decoration:underline">Interest Rate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  The Advances accrue interest on the outstanding principal balance at a floating per annum rate equal to the greater of (a) the Prime Rate </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> 1.50% and (b) 3.00%.  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt;text-decoration:underline">Default Rate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.&#160; After maturity or after the occurrence and during the continuance of an Event of Default, upon notice from the Lender (which notice may be retroactive to the date of the Event of Default or maturity), principal Lender Obligations accrue interest at 5% above the rate effective on the maturity date or on the date of the Event of Default, as applicable. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt;text-decoration:underline">Interest Payments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Interest due on the Advances is payable in arrears on the 10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> calendar day of each month.  After an Event of Default, Lender may debit Borrower&#8217;s Account, as defined in 2.2(d), for principal and interest payments owing or any amounts Borrower owes Lender.  Payments received after 12&#58;00 noon Pacific time are considered received at the opening of business on the next Business Day.  When a payment is due on a day that is not a Business Day, the payment is due the next Business Day.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Automatic Payment Authorization</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Borrower authorizes Lender to make automatic deductions (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Auto Debit</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) from the following deposit account (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Account</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) maintained by Borrower at Lender&#8217;s offices in order to pay, when and as due, all installment payments of interest, and&#47;or principal, renewal, modification or other fees or payments (a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Payment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) that Borrower is required or obligated to pay Lender under the Loan Documents </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, that Lender shall notify Borrower of any amounts automatically deducted from Borrower&#8217;s Account (which notice may be delivered concurrently with any Auto Debit), and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">further</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, that no Auto Debit shall be effected for any fees or payments that are not scheduled unless Borrower shall have received, prior to the making of the Auto Debit, a written invoice, which may be delivered via email, detailing the fees or payments that are due&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Account No&#58;&#160;&#160;&#160;&#160;&#91;***&#93;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Without limiting any of the terms of the Loan Documents, Borrower acknowledges and agrees that if Borrower defaults in its obligation to make a Payment because the collected funds in the Account are insufficient to make such Payment in full on the date that such Payment is due, then Borrower shall be responsible for all late payment charges and other consequences of such default by Borrower under the terms of the Loan Documents.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:76.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:22.07pt;text-decoration:underline">Revocation of Authorization</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Subject to the Section immediately following this Section, this authorization shall continue in full force and effect until the date which is five (5) Business Days after the date on which Lender actually receives written notice from Borrower expressly revoking the authority granted to the Lender to charge the Account for Payments in connection with the Advances.  No such revocation by Borrower shall in any way release Borrower from or otherwise affect Borrower&#8217;s obligations under the Loan Documents, including Borrower&#8217;s obligations to continue to make all Payments required under the terms of the Loan Documents.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:76.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:19.3pt;text-decoration:underline">Termination by Lender</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  The Lender, at its option and in its discretion, reserves the right to terminate the arrangement for Auto Debit pursuant to this Section at any time effective upon prior written notice of such election (a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Termination Notice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) given by Lender to Borrower.  Without limiting the generality of the immediately preceding sentence, the Lender may elect to give a Termination Notice to Borrower if Borrower fails to comply with any of the Lender&#8217;s rules, regulations, or policies relating to the Account, including requirements regarding minimum balance, service charges, overdrafts, insufficient funds, uncollected funds, returned items, and limitations on withdrawals.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:76.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:16.53pt;text-decoration:underline">Increase in Interest Rate Upon Termination of Auto Debit</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  The date on which the arrangement for Auto Debit for the Account is terminated at the election of the Borrower is referred to as the &#8220;Auto Debit Termination Date&#8221;.  Borrower acknowledges and agrees that the Lender would not have been willing to make the Advances at the interest rate or interest rates contained in the Loan Documents in the absence of the arrangement for Auto Debit from the Account pursuant to this authorization.  Therefore, if there is a termination resulting from </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower&#8217;s revocation of the Auto Debit arrangement, effective on the first due date of a Payment following the Auto Debit Termination Date, Lender, at its option and in its discretion, shall have the right to increase the interest rate on the outstanding principal balance of the Loan Documents to a rate which is equal to one-half of one percent (0.50%) per annum (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percentage Rate Increase</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) above the otherwise applicable interest rate from time to time under the terms of the Loan Documents.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(e)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt;text-decoration:underline">Late Payments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  If any installment of interest is not paid within 10 Business Days after the date on which it is due, Borrower shall immediately pay a late charge equal to 5% of such installment to Lender to compensate the Lender for administrative costs and expenses incurred in connection with such late payment.  Borrower agrees that the actual damages suffered by Lender because of any late installment payment are extremely difficult and impracticable to ascertain, and the late charge described in this Section represents a reasonable attempt to fix such damages under the circumstances existing at the time this Agreement is executed.  Lender's acceptance of any late charge shall not constitute a waiver of any of the terms of this Agreement and shall not affect Lender's right to enforce any of its rights and remedies against any Person liable for payment of this Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Fees.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower will pay&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt;text-decoration:underline">Facility IV Fee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  A fully earned, non-refundable facility fee of $&#91;***&#93; on the Effective Date&#59; </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt;text-decoration:underline">Unused Fee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. Until the Conversion Date, a per annum fee equal to 0.25% of the difference between the Term Loan Line and the average outstanding principal balance of the Term Loan Line (less any amount of the Term Loan Line that was previously drawn and repaid and not available to be reborrowed) during the applicable calendar quarter, which fee shall accrue through the end of each calendar quarter and shall be payable on the 10th of each January, April, July and October and shall be nonrefundable. Such fee shall be computed on a 365 day year for the actual number of days elapsed&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt;text-decoration:underline">Lender Expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Upon demand by Lender, all Lender Expenses reasonably incurred after the Effective Date.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">CONDITIONS OF LOANS </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Conditions Precedent to Initial Credit Extension.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Lender&#8217;s obligation to make the initial Credit Extension is subject to the condition precedent that it receives, in form and substance satisfactory to Lender, such documents, and completion of such other matters, as Lender may reasonably deem necessary or appropriate, including, without limitation&#58;  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">duly executed original signatures to the Loan Documents&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">certified Borrowing Resolutions of the Borrower authorizing entry into the transaction contemplated herein and in the other Loan Documents certified by a responsible officer of the Borrower as correct and complete copies thereof and in effect on the Effective Date&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">a true and complete copy of Borrower&#8217;s certificate of formation and good standing (or other similar instruments), certified by the Pennsylvania Secretary of State, and in each case certified by a responsible officer of the Borrower to be correct and complete copies thereof and in effect on the Effective Date&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">fully executed Loan Disbursement Instructions&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(e)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">a legal opinion of Borrower&#8217;s legal counsel&#59;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(f)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:26.01pt">a true and complete copy of Borrower&#8217;s LLC Agreement certified by a responsible officer of the Borrower to be correct and complete copies thereof and in effect on the Effective Date&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(g)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">payment of the fees and Lender Expenses through the Effective Date&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(h)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">delivery of a list of the Hamilton Lane subsidiaries.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Conditions Precedent to all Credit Extensions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Lender&#8217;s obligation to make each Advance, including the Initial Advance, is subject to the following&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">receipt of any Payment&#47;Advance Form in accordance with </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">the representations and warranties in this Agreement shall be true in all material respects on the date of the Payment&#47;Advance Form and on the effective date of each Advance (except to the extent that a representation and warranty is as of a specified date, in which case it must be true in all material respects as of the date specified) and no Event of Default may have occurred and be continuing, or result from the Advance.  Each Advance is Borrower&#8217;s representation and warranty on that date (or as set forth above) that the representations and warranties in this Agreement remain true in all material respects&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">since the date of the most recently delivered financial statements, no Material Adverse Change shall have occurred.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">CREATION OF SECURITY INTEREST</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Grant of Security Interest.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower grants to Lender a continuing security interest in the Collateral to secure all Lender Obligations and performance of Borrower&#8217;s duties under the Loan Documents.  Except for Permitted Liens and subject to Permitted Perfection Limitations, Borrower shall cause Lender to have a first priority security interest in the Collateral.  If this Agreement is terminated, Lender&#8217;s lien and security interest in the Collateral will continue until Borrower fully satisfies its obligations under this Agreement (other than indemnities that are unliquidated and survive termination).  If Borrower shall, at any time, acquire a commercial tort claim in excess of $1,000,000, Borrower shall promptly (but in any event no later than the date that the next Compliance Certificate is required to be delivered pursuant to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">) notify Lender in writing of the details thereof and grant to Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to Lender.  Borrower authorizes Lender to file financing statements with all appropriate jurisdictions as Lender deems appropriate in order to perfect or protect Lender&#8217;s interest in the Collateral.  </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">REPRESENTATIONS AND WARRANTIES</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower represents and warrants as follows&#58; </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Due Organization and Authorization.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower is a limited liability company duly existing and in good standing under the laws of the Commonwealth of Pennsylvania, and qualified and licensed to do business in, and in good standing in, any jurisdiction in which the conduct of its business or its ownership of property requires that it be qualified except where the failure to be qualified would not reasonably be expected to result in a Material Adverse Change.  Borrower has not changed its jurisdiction of formation or its organizational structure or type. The execution, delivery and performance of the Loan Documents have been duly authorized, and do not conflict with Borrower&#8217;s formation documents, nor constitute an event of default under any material agreement by which Borrower is bound.  Borrower is not in default under any material agreement to which or by which it is bound, except where such default would not reasonably be expected to result in a Material Adverse Change.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Charter Documents.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> The Charter Documents delivered to Lender as of the Effective Date are true and correct copies of all of Borrower&#8217;s formation, organizational documents and operating agreements.  The execution and delivery of the Loan Documents by the Borrower and the performance by the Borrower of its obligations under the Loan Documents are permitted by, and do not breach or conflict with any conditions or terms contained within the Charter Documents.  All necessary consents have been given, actions taken and conditions met or validly waived pursuant to the Charter Documents and the Loan Documents.  There are no restrictions in the Charter Documents on Borrower&#8217;s entering into and performing its obligations under this Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Management Agreements.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All Management Agreements respecting current Management Fees are in full force and effect.  Borrower has full power and authority to grant a first priority security interest to Lender in the Management Fees and Incentive Fees, there are no defenses to or setoffs (other than Incentive Fee claw-back provisions) against the payment of any Management Fees or Incentive Fees required for the Borrower to satisfy its obligations hereunder, and no disability or contractual obligation that would restrict Borrower from granting such security interest.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Litigation.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Except as disclosed in writing to Lender, there are no actions or proceedings pending by or against Borrower, that would reasonably be expected to result in a judgment in excess of $5,000,000.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">No Material Adverse Change in Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  All financial statements for Borrower delivered to Lender fairly present in all material respects Borrower&#8217;s financial condition and Borrower&#8217;s results of operations as of the dates specified therein.  There has not been any Material Adverse Change since the date of the most recent financial statements submitted to Lender.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Solvency.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  The fair salable value of Borrower&#8217;s assets exceeds the fair value of its liabilities&#59; Borrower is not left with unreasonably small capital after the transactions in this Agreement&#59; and Borrower is able to pay its debts (including trade debts) as they mature.  No petition has been filed with a court for the opening of a judicial liquidation, bankruptcy, suspension of payments or similar proceedings against Borrower.  Borrower has not been granted a suspension of payments or declared bankrupt or been subject to any similar procedure and Borrower has not been, or is not subject to, any liquidation proceedings.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Investments.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower owns only Permitted Investments. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">OFAC&#59; Patriot Act Compliance.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower is not a Person (i)  whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) who engages in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such Person in any manner violative of such Section 2, or (iii) who is on the list of Specially Designated Nationals and Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury&#8217;s Office of Foreign Assets Control regulation or executive order (&#8220;OFAC&#8221;).  Borrower is in compliance with the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).  No Advances will be used, directly or indirectly, for payments to any governmental official or employee, political party or its officials, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Regulatory Compliance.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower is not an &#8220;investment company&#8221; or a company &#8220;controlled&#8221; by an &#8220;investment company&#8221; under the Investment Company Act of 1940.  Borrower is not engaged as one of its important activities in extending credit for margin stock, and no part of any Advance shall be used to fund a &#8220;purpose credit&#8221; (as defined under Regulations of the Federal Reserve Board of Governors).  Borrower has not violated in any material respect any material laws, ordinances or governmental rules.  Borrower has timely filed all required material federal, state and local tax returns and paid, or made adequate provision to pay, all material taxes, except those being contested in good faith with adequate reserves under GAAP.  Borrower has obtained all consents, </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">approvals and authorizations of, made all declarations or filings with, and given all notices to, all government authorities that are necessary to continue its business as currently conducted, except where the failure to do so would not reasonably be expected to result in a Material Adverse Change.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Full Disclosure.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  No written representation, warranty or other statement of Borrower in any certificate or written statement given to Lender contains any untrue statement of a material fact as of the time made or delivered or, taken together with all such representations, warranties and statements, omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading in light of the circumstances under which it was at the time made or delivered. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.11</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Management Fees</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. Borrower represents that it is entitled to receive 100% of Management Fees and 75% of Incentive Fees from the Funds listed on Exhibit F hereto.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">AFFIRMATIVE COVENANTS</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower shall do all of the following&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Government Compliance.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  (a) Maintain its legal existence and good standing in its jurisdiction of formation and (b) maintain qualification in each jurisdiction in which qualification and good standing are necessary for the conduct of Borrower&#8217;s business, and (c) will comply in all material respects with all material laws, ordinances and regulations except in the case of (b) and (c) where the failure to do so would not reasonably be expected to result in a Material Adverse Change.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Financial Statements, Reports, Certificates.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deliver to Lender (i) a reasonably prompt report of any legal actions pending against Borrower that would reasonably be expected to result in damages or costs to Borrower of $5,000,000 or more&#59; (ii) prompt notice of the occurrence of an Event of Default&#59; and (iii) such other information Lender reasonably requests in writing.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Covenants</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Comply with the covenants set forth on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Taxes.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Make timely payment of all material federal, state, and local taxes or assessments except where contesting the same and will deliver to Lender, on demand, appropriate certificates attesting to the payment. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Insurance. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Keep its business insured for risks and in amounts, at customary levels.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Bank Accounts.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Maintain its primary operating and depository accounts with Lender&#59; provided that Borrower shall have 60 days (or such longer period as the Lender may agree to) to transition such accounts.  Borrower will direct all Management Fees into the Account.  Borrower will deposit all Management Fees it receives outside of the Account into the Account within two (2) Business Days of receipt.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Use of Proceeds.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower shall not directly or indirectly, use the proceeds of the Advances, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (a) to fund any activities or business of or with any Person, or in any country or territory, that at the time of such funding, is or whose government is, the subject of Sanctions or in violation of Sanctions, or (b) in any other manner that would result in a violation of Sanctions by any Person.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Charter Documents&#59; Management Agreements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  (a) Cause the Charter Documents and Management Agreements to remain in full force and effect in the form presented to Lender as of the Effective Date, except for changes that would not reasonably be expected to affect materially and adversely (i) its right or ability to receive Management Fees or Incentive Fees or the amount of Management Fees or Incentive Fees otherwise payable thereunder or (ii) its ability to satisfy its obligations under this Agreement&#59; (b) enforce all of its material rights and </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">obligations under the Management Agreements&#59; and (c) cause the Funds to maintain each Partnership Agreement in full force and effect in the form presented to Lender on the Effective Date, except for amendments that do not adversely affect the right or ability (i) to pay Management Fees or Incentive Fees in the amounts otherwise payable thereunder or make or enforce Capital Calls, (ii) to receive Capital Contributions and other payments from the Partners, or (iii) to satisfy Borrower&#8217;s obligations under this Agreement.  For the avoidance of doubt, financing arrangements of any Funds that include a pledge of Capital Commitments and actions taken in support of such pledge do not constitute a violation of this Section 6.8 or other provisions of this Agreement. Notwithstanding the above, Borrower may take any action prohibited by this Section 6.8 so long as&#58; (i) no Event of Default has occurred and is continuing or would result from such action, (ii) such action would not reasonably be expected to adversely affect the ability of Borrower to satisfy its obligations hereunder, and (iii) the aggregate Flexibility Actions do not exceed the Flexibility Cap at such time.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">NEGATIVE COVENANTS</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">No Borrower shall do any of the following without the consent of the Lender&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Dispositions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Convey, transfer or otherwise dispose of any part of its business or property outside the ordinary course of its business.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Changes in Business, Management, Control.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or other business in accordance with the Charter Documents, or permit a Change in Control to occur, or dissolve, or permit any circumstance to occur that permits any Person(s) to seek the dissolution of Borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Mergers or Acquisitions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Merge or consolidate with or into any other Person, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> a Person may merge into the Borrower so long as the Borrower is the survivor and both immediately before and immediately after giving effect to such merger no Event of Default shall have occurred or be caused thereby. Borrower may not divide itself into two or more limited liability companies or series thereof (pursuant to a &#8220;plan of division&#8221; or otherwise) without the prior written consent of Lender, and any limited liability companies or series thereof formed as a result of such division shall be required to become a co-borrower under this Agreement and the other Loan Documents pursuant to documentation or on terms and conditions reasonably requested by Lender.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Encumbrance.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  (a) Create, incur, or allow any Lien on any of its property, or assign or convey any right to receive income, other than Permitted Liens, or (b) agree with any Person other than Lender not to do so other than a holder of a Permitted Lien (so long as the negative pledge with such other holder does not prevent the Lender&#8217;s Lien on the Collateral unless such Collateral is in Equipment subject to a financing lease or purchase money Lien), customary anti-assignment provisions and restrictions required by applicable law to be contained in any investment advisory agreement of Borrower and other restrictions under applicable law.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Investments&#59; Distributions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  (a) Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments&#59; or (b) pay any dividends or make any distribution or payment to its Partners or Members, as applicable, except pursuant to and in accordance with the Charter Documents, provided that no such payment or distribution (but, for the avoidance of doubt, excluding expense reimbursement and similar payments) other than tax distributions may be made at any time that an Event of Default has occurred and is continuing or would exist after giving effect to such dividend, distribution or payment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Transactions with Affiliates.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Directly or indirectly enter into or permit to exist any material transaction with any Affiliate of Borrower except for dividends and distributions permitted hereunder, investments permitted hereunder, arrangements whereby a consolidated subsidiary serving as the general partner or manager of a client engages Borrower as an investment adviser, transactions pursuant to agreements in effect on the date hereof and transactions that are upon fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm&#8217;s length transaction with a nonaffiliated Person.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Charter Documents.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  (a) Amend, modify or waive any provision in its Charter Documents in any way materially affecting Borrower&#8217;s ability to satisfy its obligations under this Agreement, or (b) allow any Person other than Borrower to acquire (i) the right to make Capital Calls on behalf of the Borrower or (ii) rights to receive any Capital Contributions from the Borrower&#8217;s Partners. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Management Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Permit any provision in any Charter Document or Management Agreement to be amended or waived in a way that reduces or postpones the payment of any Management Fees&#59; direct Management Fees to any other Person&#59; waive or defer payment of any Management Fees or permit any Affiliate to take any action with respect to Management Fees that could be reasonably likely to be adverse to Lender&#59; provided, however, notwithstanding the above, Borrower may take any action prohibited by this </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 7.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> so long as&#58; (i) no Event of Default has occurred and is continuing or would result from such action, (ii) such action would not reasonably be expected to adversely affect the ability of Borrower to satisfy its obligations hereunder, and (iii) the aggregate Flexibility Actions do not exceed the Flexibility Cap at such time.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Compliance.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Become an &#8220;investment company&#8221; registered or required to be registered under the Investment Company Act of 1940 or a company controlled by an &#8220;investment company&#8221; registered or required to be registered under the Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock, or use the proceeds of any Advance for that purpose&#59; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur&#59; or fail to comply with, or violate in any material respect any material law or regulation. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Affiliates.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower will not permit any Affiliate to take any action with respect to the Management Fees that the Borrower is not permitted to take hereunder, provided that Borrower may permit an Affiliate to agree (a) that such Affiliate may not create, incur, or allow any Lien on any of such Affiliate&#8217;s property, or assign or convey any right to receive income, (b) to customary anti-assignment provisions and restrictions required by applicable law to be contained in any investment advisory agreement of Borrower and (c) to other restrictions under applicable law.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">EVENTS OF DEFAULT</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Any one of the following is an Event of Default (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Event of Default</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;)&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Payment Default.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If Borrower fails to pay any principal or interest constituting Lender Obligations when due or any other Lender Obligations within 2 Business Days of the date the same shall be due&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Covenant Default.  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">If Borrower fails to perform any obligation under Section 6, or violates any of the covenants contained in Section 7 of this Agreement, or</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">If Borrower fails or neglects to perform, keep, or observe any other material term, provision, condition, covenant, or agreement contained in this Agreement, in any of the Loan Documents, or in any other present or future written agreement between Borrower and Lender and as to any default under such other term, provision, condition, covenant or agreement that can be cured, has failed to cure such default within 10 days after Borrower becomes aware of such default&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">&#91;Reserved.&#93;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Attachment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  If any of Borrower&#8217;s assets is attached, seized, levied on, or comes into possession of a trustee or receiver and the attachment, seizure or levy is not stayed, bonded or removed in 10 Business Days, or if Borrower is enjoined, restrained, or prevented by court order from conducting a material part of its business or if a </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">judgment or other claim becomes a Lien on a material portion of Borrower&#8217;s assets, or if a notice of lien, levy, or assessment is filed against any of Borrower&#8217;s assets by any government agency and not paid, bonded or stayed within 10 Business Days after Borrower receives notice (but no Advances will be made during the cure period)&#59;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Insolvency</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  If Borrower is not solvent or if Borrower begins an Insolvency Proceeding or an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within 60 days (but no Advance will be made before any Insolvency Proceeding is dismissed)&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Other Agreements</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  If there is a default in any agreement between Borrower and a third party that gives the third party the right to accelerate any Indebtedness exceeding $5,000,000 or that could reasonably be expected to cause a Material Adverse Change&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Judgments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  If a money judgment(s) is rendered against the Borrower (to the extent not satisfied, bonded, stayed or appealed for a period of 60 days after the entry thereof (it being understood that no Advances will be made before such judgment is stayed or satisfied)) and the aggregate amount of such judgment(s) (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Judgment Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) is (a) less than $40,000,000 and the difference between the Judgment Amount and the amount of insurance coverage with respect thereto (if any) is greater than $5,000,000 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Insurance Gap</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) (provided, that to the extent the Insurance Gap is less than $5,000,000, the Lender shall have received proof of such insurance in form and substance reasonably acceptable to the Lender) or (b) the Judgment Amount is in excess of $40,000,000&#59; </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Circumstances Affecting Fund or General Partner.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If any Fund fails to receive 90% of its Capital Contributions within 10 Business Days of the date when such Capital Contributions are due and such failure would reasonably be expected to result in a loss of more than 10% of Borrower&#8217;s aggregate Management Fees as of the end of the fiscal year in which such failure occurs&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Misrepresentations.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If Borrower or any Person acting for Borrower makes any material misrepresentation or material misstatement now or later in any warranty or representation in this Agreement or in any writing delivered to Lender or to induce Lender hereunder to enter this Agreement or any Loan Document&#59; or</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Facility I&#59; Facility II&#59; Facility III.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If an Event of Default occurs under Facility I, Facility II, or Facility III.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt;text-decoration:underline">LENDER&#8217;S RIGHTS AND REMEDIES</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">General.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  After the occurrence and during the continuance of an Event of Default, Lender shall have the following rights and powers and may, at its option, without notice of its election and without demand (except as provided herein or required by law), do any one or more of the following&#58;  (i)&#160;declare any or all of the Lender Obligations to be immediately due and payable&#59; (ii)&#160;discontinue advancing money or extending credit under this Agreement or under any other document or agreement between Lender and Borrower&#59; (iii)&#160;obtain the appointment of a receiver to take possession of and, at the option of Lender, to collect, sell or dispose of the Collateral&#59; or (iv)&#160;exercise any or all rights and remedies under this Agreement or any other Loan Document or applicable law, including without limitation the rights of a secured party under the Code.  Lender, at its option, may apply all payments made under this Agreement or other Loan Documents to principal, interest, fees and other Lender Expenses in such order and amounts as Lender may determine in its sole discretion.  The remedies of Lender, as provided herein, shall be cumulative and concurrent, and may be pursued singularly, successively or together, at the sole discretion of Lender, and may be exercised as often as occasion therefor shall arise.  Lender&#8217;s exercise of one right or remedy is not an election, and Lender&#8217;s waiver of any Event of Default is not a continuing waiver. Any delay by Lender in exercising any remedy is not a waiver, election, or acquiescence, and  no waiver is effective unless signed by Lender and then is only effective for the specific instance and purpose for which it was given.  Borrower shall remain liable for any deficiency, and Lender is not required to foreclose on any Collateral. </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower waives demand, notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Lender on which Borrower is liable.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Rights to Payment.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  After the occurrence of an Event of Default, Lender may&#58;  (i)&#160;in Lender&#8217;s or Borrower&#8217;s name, demand, collect, receive and give receipts for any and all money and other property due or to become due in connection with the Investment Interests, including without limitation, a demand on the other parties for payment of amounts arising thereunder </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, however prior to making demand on any third parties, Lender shall provide written notice to the Borrower&#59; and (ii)&#160;take possession of and endorse and collect any or all notes, checks, drafts, money orders, or other instruments of payment relating to the Investment Interests or any other Collateral.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Management Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  After the occurrence of an Event of Default, Lender may&#58; (i)&#160;request payment of the Management Fees or Incentive Fees in accordance with the Management Agreements and Charter Documents and enforce the obligation of any Person to pay Management Fees or Incentive Fees&#59; and (ii)&#160;collect all Management Fees or Incentive Fees owed under any of the Management Agreements or Charter Documents.  Lender may enforce such obligations and collect such amounts in its own name or that of Borrower or any Person with a right to effect such enforcement and collection directly from the parties obligated thereon and to apply the proceeds to the Lender Obligations.  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Power of Attorney.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Effective only when an Event of Default occurs and for the period it continues, Borrower irrevocably appoints Lender as its lawful attorney-in-fact to&#58;  (i) endorse Borrower&#8217;s name on any checks or other forms of payment or security&#59; (ii) demand and collect Management Fees or Incentive Fees, and enforce any of Borrower&#8217;s rights under the Management Agreements and Charter Documents&#59; (iii) make, settle, and adjust all claims under Borrower&#8217;s insurance policies&#59; (iv) settle and adjust disputes and claims about the Accounts directly with account debtors, for amounts and on terms Lender determines reasonable&#59; and (v) transfer the Collateral into the name of Lender or a third party as the Code permits.  Lender may exercise the power of attorney to sign Borrower&#8217;s name on any documents necessary to perfect or continue the perfection of any security interest regardless of whether an Event of Default has occurred.  Lender&#8217;s appointment as Borrower&#8217;s attorney in fact, and all of Lender&#8217;s rights and powers, coupled with an interest, are irrevocable until all Lender Obligations have been fully repaid and performed and Lender&#8217;s obligation to provide Advances terminates. </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt;text-decoration:underline">NOTICES.  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Any notice, demand or request required under the Loan Documents shall be given in writing (at the addresses set forth below) by any of the following means&#58; (i) personal service&#59; (ii) electronic communication, whether by telecopier or other form of electronic communication&#59; (iii) overnight courier&#59; or (iv) registered or certified, first class U.S. mail, return receipt requested, or to such other addresses as Lender and Borrower may specify from time to time in writing.  Any notice, demand or request sent pursuant to either subsection (i) or (ii) above, shall be deemed received upon such personal service or upon receipt by electronic means </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> receipt at a time or on a day that is not a Business Day and between the hours of 9&#58;00 a.m. and 5&#58;00 p.m. (where the recipient is located) shall be deemed received on the next Business Day.  Any notice, demand or request sent pursuant to subsection (iii) above, shall be deemed received on the Business Day immediately following deposit with the overnight courier, and, if sent pursuant to subsection (iv) above, shall be deemed received forty-eight (48) hours following deposit into the U.S. mail.  Any communication sent under subsection (i), (iii) or (iv) for which delivery is refused by the receiving party shall be deemed received as of the date confirmed refusal is received by the sender. The addresses are&#58; (a) for Lender, 111 Pine Street, San Francisco, CA  94111, Attn&#58;  Commercial Loan Operations&#59; and (b) for Borrower, Hamilton Lane Advisors, L.L.C., 110 Washington Street, Conshohocken, PA 19428.  </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt;text-decoration:underline">CHOICE OF LAW&#59; VENUE&#59; JURY TRIAL WAIVER AND JUDICIAL REFERENCE</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Loan Documents shall be governed by and construed in accordance with New York law.  All actions or proceedings arising in connection with the Loan Documents shall be tried and litigated only in the state courts located in the County of New York, State of New York, or the federal courts located in the Northern District of New York.  Borrower waives any right Borrower may have to assert the doctrine of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">forum non conveniens</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> or to object to such venue and hereby consents to any court-ordered relief.  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">To the fullest extent permitted by law, Lender and Borrower waive trial by jury in any litigation or proceeding in a state or federal court with respect to, in connection with, or arising out of this Agreement or any other Loan Documents or the Lender Obligations or the transactions contemplated hereby, including without limitation claims relating to the application or the validity, protection, interpretation, collection or enforcement thereof, or any other claim or dispute (including tort and claims for breach of duty) between Lender and Borrower.  </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt;text-decoration:underline">GENERAL PROVISIONS</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Successors and Assigns.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  This Agreement binds and is for the benefit of the successors and permitted assigns of each party.  No Borrower may assign this Agreement or any rights under it without Lender&#8217;s prior written consent which may be granted or withheld in Lender&#8217;s discretion.  Lender has the right to sell, transfer, negotiate, or grant participation in all or any part of, or any interest in, Lender&#8217;s obligations, rights and benefits under this Agreement, provided that, except during the occurrence of an Event of Default, Borrower shall have the right to consent to the foregoing if such transfer is to a party that is not a commercial lender regulated by a governmental authority, which consent shall not be unreasonably withheld. In the event of an assignment, Lender, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in the United States a copy of each assignment and a register for the recordation of the names and addresses of the assignees, and the Lender Obligations of, and principal amounts (and stated interest) of the Lender Obligations owing to, each assignee pursuant to the terms hereof from time to time (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Register</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  The entries in the Register shall be conclusive absent manifest error.  The Register shall be available for inspection by the Borrower and the Lender (or any assignee), at any reasonable time and from time to time upon reasonable prior notice.  If Lender (or any assignee) sells a participation, it shall, acting solely for this purpose as an agent of Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant&#8217;s interest in the Lender Obligations under this Agreement or any other Loan Document (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Participant Register</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;)&#59; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, that Lender (or such assignee)  shall not have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any participant or any information relating to a participant&#8217;s interest in any Lender Obligations or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Obligation is in registered form under Section 5f.103-1(c) of the U.S. Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and Lender (or such assignee) shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement, including payments of interest and principal, notwithstanding any notice to the contrary.  The portion of the Participant Register relating to any participant requesting payment from Borrower under the Loan Documents shall be made available to Borrower upon reasonable request.  Lender shall have no liability to any party, including but not limited to Borrower, arising from the maintenance of, or any failure to maintain, the Register or the Participant Register as provided in this </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 12.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Indemnification&#59; Liability.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower will indemnify, defend and hold harmless Lender and its directors, officers, employees, agents, attorneys, or any other Person affiliated with or representing Lender (collectively, &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Indemnified Parties</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) against&#58;  (a) all obligations, demands, claims, and liabilities asserted against Lender by any other party in connection with the transactions contemplated by the Loan Documents&#59; and (b) all losses or Lender Expenses incurred, or paid by Lender from, following, or consequential to transactions between Lender and Borrower (including reasonable attorneys&#8217; fees and expenses) in connection with the transactions contemplated by the Loan Documents, except in the case of (a) or (b) for obligations, demands, claims, liabilities </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">and losses caused by Lender&#8217;s or any Indemnified Party&#8217;s gross negligence or willful misconduct and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, that such indemnity shall not, as to any Indemnified Party, be available to the extent that obligations, demands, claims, and liabilities result from (x) such Indemnified Party&#8217;s violation of law or (y) a claim brought by Borrower against an Indemnified Party for breach of that Indemnified Party&#8217;s obligations hereunder or under any other Loan Document, if such Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 12.2 shall not apply with respect to taxes other than any taxes that represent obligations, demands, claims, liabilities, and losses arising from any non-tax claim. Borrower waives any claims for special, indirect, consequential and&#47;or punitive damages arising out of the Loan Documents or any related action or transactions.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Time of Essence.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Time is of the essence for the performance of all obligations in this Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Severability of Provisions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.5</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Amendments in Writing, Integration.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Any amendment or waiver relating to any Loan Document shall be in writing, signed by the parties thereto.  No oral statement, nor any action, inaction, delay, failure to require performance or course of conduct shall operate as an amendment or waiver or have any other effect on any Loan Document.  Any waiver shall be limited to the circumstance described in it, and shall not apply to any other circumstance, or give rise to any obligation to grant any further waiver.  The Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements, which merge into the Loan Documents.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.6</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Counterparts&#59; Electronic Signatures.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  This Agreement may be executed in counterparts, each of which shall constitute an original, and all of which together shall constitute one and the same agreement.&#160; A signed copy of this Agreement transmitted by a party to another party via facsimile or an emailed &#8220;pdf&#8221; version shall be binding on the signatory thereto.&#160; Notwithstanding the delivery of the faxed or emailed copy, Borrower agrees to deliver to Lender original executed copies of this Agreement. The words &#8220;execution,&#8221; &#8220;signed,&#8221; &#8220;signature&#8221; and words of like import in any Loan Document shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a manually executed signature or the use of a paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Survival.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  All covenants, representations and warranties made in this Agreement continue in full force while any Lender Obligations remain outstanding (other than indemnities which survive termination and are unliquidated).  The obligations of Borrower in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 12.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> to indemnify Lender will survive until all statutes of limitations for actions that may be brought against Lender have run. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:18.5pt">Certificates.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Whether or not expressly stated herein or in any other Loan Document, all certifications delivered, from time to time, by an officer of the Borrower in a document delivered to Lender pursuant to this Agreement or any other Loan Document shall be made by such officer in his or her capacity as an officer and not in his or her individual capacity regardless of whether the certification expressly so states.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt;text-decoration:underline">DEFINITIONS</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">In this Agreement&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Account</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the net income of the Borrower and its consolidated subsidiaries excluding interest expenses, income tax expenses, depreciation and amortization, equity based compensation expense, other non-operating income (loss), and transaction costs and expenses related to an IPO, acquisitions and refinancings, non-cash changes in fund portfolio valuations, gains or losses related to SPAC assets and other non-cash expenses.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Additional Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Advances</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Affiliate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; of a Person means a Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person&#8217;s senior executive officers, directors, and partners and, for any Person that is a limited liability company, that Person&#8217;s managers and members, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, however, no Fund or subsidiary shall be deemed to be an Affiliate of the Borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Auto Debit</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Auto Debit Termination Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(c)(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrower's Books</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means all of Borrower's books and records including ledgers, records regarding Borrower's assets or liabilities, the Collateral, business operations or financial condition and all computer programs or discs or any equipment containing the information.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrowing Resolutions</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means resolutions substantially in the form attached hereto or as otherwise approved by Lender.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Business Day</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any day that is not a Saturday, Sunday or a day on which Lender is closed.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital Call</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means a request for a Capital Contribution made pursuant to a Person&#8217;s Charter Documents.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital Commitment(s)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the total amount of cash agreed to be contributed by a Person to the capital of a Fund pursuant to the Charter Documents of such Fund.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Capital Contribution(s)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the sum of the cash to be contributed to the capital of a Person pursuant to one or more Capital Calls.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change in Control</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means (i) the occurrence of any circumstance would permit any Person to seek to dissolve Borrower (excluding, for the avoidance of doubt, the rights of equity holders and the board of directors to do so pursuant to applicable law and the Charter Documents), or (ii) if Hamilton Lane Incorporated ceases to be the general partner or manager, as applicable, of Borrower. As of the Effective Date, the equity holders and the board of directors of Borrower have not taken any action in furtherance of such rights.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Charter Documents</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the LLC Agreement of Borrower and any other organizational, formation, or operational documents of a party.  </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Code</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Uniform Commercial Code as adopted in the State of New York and any other state from time to time, as amended, which governs creation or perfection (and the effect thereof) of security interests in any Collateral.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Collateral</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the property described on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit C</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Compliance Certificate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the form attached as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Contingent Obligation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means, for any Person, any direct or indirect liability, contingent or not, of that Person for (a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co made, discounted or sold with recourse by that Person, or for which that Person is directly or indirectly liable&#59; (b) any obligations for undrawn letters of credit for the account of that Person&#59; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices.  The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it determined by the Person in good faith&#59; but the amount may not exceed the maximum of the obligations under the guarantee or other support arrangement. </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Conversion Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means September 30, 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Credit Extension</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means each Advance or any other extension of credit by Lender pursuant to this Agreement to or for the benefit or account of Borrower.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Designated Representative</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means each of Persons listed on the Borrowing Resolutions.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Dollars</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">,&#8221; &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">dollars</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; or use of the sign &#8220;$&#8221; means only lawful money of the United States and not any other currency, regardless of whether that currency uses the &#8220;$&#8221; sign to denote its currency or may be readily converted into lawful money of the United States.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the date assigned in the preamble to this Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ERISA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Employee Retirement Income Security Act of 1974, as amended, and its regulations.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Excluded Assets</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning set forth on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit C</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> hereto</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility I</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Term Loan and Security Agreement dated as of August 23, 2017 (as amended, restated, supplemented and&#47;or otherwise modified from time to time), between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility II</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Revolving Loan and Security Agreement dated as of August 23, 2017 (as amended, restated, supplemented and&#47;or otherwise modified from time to time), between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility III</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Multi-Draw Term Loan and Security Agreement dated as of March 24, 2020 (as amended, restated, supplemented and&#47;or otherwise modified from time to time), between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility IV</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Flexibility Action</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any action Borrower is prohibited from taking pursuant to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 6.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> or </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">7.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> hereof, but for the exception for such action in the final sentence of such section.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Flexibility Cap</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means, as to Flexibility Actions taken by the Borrower, &#91;***&#93;.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fund</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; is any Person from whom Borrower receives Management Fees or other fees for the provision of services, whether those fees are paid pursuant to such Fund&#8217;s limited partnership agreement or a Management Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">GAAP</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means generally accepted accounting principles.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">General Partner</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means a general partner or manager of Fund.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Incentive Fees</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means fees (including any carried interest) payable by the Funds to the Borrower or its consolidated subsidiaries, which are contingent based on the performance of the Funds&#8217; Investment returns. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Indebtedness</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means (a) indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations (which, for the avoidance of doubt excludes operating leases, whether or not they should appear on the balance sheet in accordance with GAAP) and (d) Contingent Obligations in respect of the foregoing. Notwithstanding the foregoing, in no event shall &#8220;Indebtedness&#8221; include any liability of a general partner of a Fund, with respect to the liabilities of such Fund.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Initial Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Insolvency Proceeding</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any proceeding by or against any Person under the United States Bankruptcy Code, or any other bankruptcy, insolvency or similar law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or a proceeding seeking reorganization, arrangement, or other relief.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any beneficial ownership of (including stock, partnership interest or other securities) any Person, or any loan, advance or capital contribution to any Person.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Investment Interests</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">means all of Borrower&#8217;s interests in&#58; (i)&#160;all partnerships, limited liability companies or other investment vehicles (collectively the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Funds</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;)&#59; (ii)&#160;all organizational agreements relating to the Funds&#59; and (iii)&#160;all investment property, including without limitation, securities, securities entitlements, securities accounts, and financial assets.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means all reasonable, audit fees and expenses and reasonable and documented costs and out-of-pocket expenses (including attorneys&#8217; fees and expenses) for preparing, negotiating, administering, defending and enforcing the Loan Documents for Facility I, Facility II, Facility III and Facility IV (including any of the foregoing incurred in connection with any appeals or Insolvency Proceedings).</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Obligations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; are any Obligations owing to Lender hereunder and under the other Loan Documents and, as applicable in respect of Facility I, Facility II or Facility III, including debts, principal, interest, Lender Expenses and other amounts Borrower owes Lender now or later in respect of the Loan Documents and, as applicable Facility I, Facility II or Facility III, including Contingent Obligations, cash management services, letters of credit and foreign exchange contracts, if any, interest accruing after Insolvency Proceedings begin. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lien</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means a mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Limited Partner(s)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means those individuals or entities denominated limited partners under or by reason of a Partnership Agreement. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">LLC Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the operating agreement or limited liability company agreement of a Person that is a limited liability company.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Disbursement Instruction</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means an instruction from Borrower to Lender on the application of the Initial Advance which instruction shall be substantially in the form of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit E</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Documents</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means, collectively, this Agreement, any note, or notes or guaranties executed by Borrower, and any other present or future written agreement between Borrower and&#47;or for the benefit of Lender in connection with this Agreement, all as amended, extended or restated.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Management Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; is any agreement as may exist from time to time pursuant to which Management Fees and Incentive Fees are paid (but shall not include a Fund&#8217;s partnership or operating agreement).</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Management Fees</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means fees (other than Incentive Fees) or rights to payment arising from all consulting, advising, investment or management services provided by, or through, Borrower or any of its Affiliates or any other Person to or for the benefit of Borrower, whether due and payable now or in the future, with respect to any Fund.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Material Adverse Change</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; is (a) a material adverse change in the business, operations, or financial condition of Borrower, or (b) a material impairment of the prospect of repayment of any portion of the Obligations, or (c) a material impairment of the value of the Collateral or priority of Lender&#8217;s security interests in such Collateral.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Member</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any Person denominated as a member under an LLC Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Obligations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means all liabilities that Borrower now or hereafter owes to any Person, including Contingent Obligations and Lender Obligations.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"> </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Partner</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any General Partner or Limited Partner under a Partnership Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Partnership Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the limited partnership agreement of any Person that is a limited partnership.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Payment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Payment&#47;Advance Form</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the form attached as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percentage Rate Increase</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(c)(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Permitted Investments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)&#160;&#160;&#160;&#160;Investments shown on the Schedule I and existing on the Effective Date and add-on Investments in the Persons referenced on such Schedule&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)&#160;&#160;&#160;&#160;(i) marketable direct obligations issued or unconditionally guaranteed by the United States or its agency or any State maturing within 1 year from its acquisition, (ii) commercial paper maturing no more than 1 year after its creation and having the highest rating from either Standard &#38; Poor&#8217;s Corporation or Moody&#8217;s Investors Service, Inc., and (iii) Lender&#8217;s certificates of deposit issued maturing no more than 1 year after issue&#59; </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)&#160;&#160;&#160;&#160;Investments made in accordance with the Charter Documents, including Investments in Portfolio Companies and&#47;or share purchases &#47; awards in accordance with Borrower&#8217;s 2017 Incentive Compensation Plan and additional direct investments in technology companies and acquisitions&#59; </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)&#160;&#160;&#160;&#160;de minimis investments in a Fund, not to exceed ten percent of the net asset value of any Fund&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(e)&#160;&#160;&#160;&#160;Investment of Borrower maintained with Lender or any of its affiliates.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Permitted Liens</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means&#58; </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)&#160;&#160;&#160;&#160;Liens existing on the Effective Date and shown on Schedule I or arising under this Agreement or other Loan Documents&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)&#160;&#160;&#160;&#160;Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and for which Borrower maintains adequate reserves on its books, if they have no priority over any of Lender&#8217;s security interests&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)&#160;&#160;&#160;&#160;Purchase money Liens and capital or financing leases (i) on equipment acquired or held by Borrower incurred for financing the acquisition or lease  of the equipment, or (ii) existing on equipment when acquired or leased (or a reasonable time thereafter), if the Lien is confined to the property and improvements and the proceeds of the equipment&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)&#160;&#160;&#160;&#160;Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(e) &#160;&#160;&#160;&#160;customary set off rights of depositary institutions and securities intermediaries with respect to accounts maintained with them&#59; </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(f)&#160;&#160;&#160;&#160;Liens arising out of judgments that do not constitute an Event of Default so long as the holder thereof has taken no steps to exercise remedies against such Lien other than the filing of the same of record&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(g) &#160;&#160;&#160;&#160;Liens created under this Agreement or other Loan Documents.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Permitted Perfection Limitations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any of the following&#58; no action must be taken under any law other than the laws of the United States or any State thereof&#59; no landlord waivers or consents of any parties to leases, licenses, rights or contracts must be obtained&#59; and no leasehold mortgages must be granted.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Person</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any individual, sole proprietorship, partnership, limited liability company, joint venture, company association, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Portfolio Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any Person in which Borrower has an interest.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Prime Rate</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the prime rate of interest that appears from time to time in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">The Wall Street Journal</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> or its successor, or such other publicly announced rate selected by Lender from time to time. If such institution publicly announces more than one prime rate or reference rate, then the term &#8220;Prime Rate&#8221; shall mean the higher or highest of such rates.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sanction</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; or &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sanctions</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means individually and collectively, respectively, any and all economic or financial sanctions, sectoral sanctions, secondary sanctions, trade embargoes and anti-terrorism laws imposed, administered or enforced from time to time by&#58; (a) the United States of America, including those administered by the U.S. Department of the Treasury&#8217;s Office of Foreign Assets Control (&#8220;OFAC&#8221;), the U.S. Department of State, the </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">U.S. Department of Commerce, or through any existing or future executive order&#59; (b) the United Nations Security Council&#59; (c) the European Union&#59; (d) the United Kingdom&#59; or (e) any other governmental authorities where Borrower or its subsidiaries are located or doing business.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Separate Account</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means an account established for a single client or group of legally related clients.</font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Specialized Management Fees</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means any fees (other than Incentive Fees) earned by the Borrower from funds established by it.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Tangible Net Worth</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the total member&#8217;s equity minus non-controlling interests in general partnerships plus 50% of any year over year non-cash negative adjustment to investment holdings.&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Loan Availability Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means an amount equal to $325,000,000 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> an amount equal to the aggregate outstanding Credit Extensions under Facility I, Facility II, Facility III and Facility IV.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Loan Line</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Maturity Date&#8221;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> is specified in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Termination Notice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(c)(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#91;SIGNATURE PAGE FOLLOWS.&#93;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, the parties hereto have caused this Agreement to be executed as of the Effective Date. </font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">BORROWER&#58;</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;  Hamilton Lane Incorporated, its managing member</font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Atul Varma</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Atul Varma</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Chief Financial Officer</font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Multi-Draw Term Loan &#38; Security Agreement (Facility IV)</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:24pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">LENDER&#58;</font></div><div style="margin-bottom:24pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FIRST REPUBLIC BANK</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Scott Aleali</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Scott Aleali</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Practice Leader</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Multi-Draw Term Loan &#38; Security Agreement (Facility IV)</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_7"></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT A</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">COVENANTS</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender (a) annual financial statements (including balance sheet and income statements) for Hamilton Lane Incorporated, which financial statements shall be audited by Ernst &#38; Young LLP or other independent certified public accountant reasonably acceptable to Lender and (b) company-prepared annual financial statements (including balance sheet and income statements) for Borrower, in each case within ninety (90) days after the end of each of Borrower&#8217;s fiscal years.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">   Borrower shall deliver to Lender annual financial statements (including balance sheet and income statements) within one hundred eighty (180) days after the end of each Fund&#8217;s fiscal years for such Fund</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(in each case, to the extent such Fund accounts for 5% or more of Borrower&#8217;s aggregate &#160;revenue as of the end of the most recently completed fiscal year, and with respect to all other Funds, upon the request of the Lender), which financial statements shall be audited by an independent certified public accountant reasonably acceptable to Lender.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Interim Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender company-prepared quarterly financial statements (including balance sheet and income statements) within forty-five (45) days after the end of each quarter referenced below certified by Borrower&#8217;s chief financial officer or another officer or representative acceptable to Lender.  Quarterly financials shall be delivered for the first three (3) fiscal quarters.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Compliance Certificate.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Within forty-five (45) days after the end of the first three (3) fiscal quarters and  ninety (90) days after the end of each of Borrower&#8217;s fiscal years, deliver to Lender a Compliance Certificate signed by a Designated Representative in the form of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit&#160;D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. </font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Other Financial Statements.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Upon filing of any financial statements or reporting as required to be publicly filed by Borrower, a copy of such financial statement or reporting.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Flexibility Actions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall give written notice to Lender of any Flexibility Action promptly after such Flexibility Action is taken. Any Flexibility Action taken by Borrower will be deemed a representation by Borrower that the conditions precedent therefore were satisfied.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Annual Management Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, as at each March 31 and September 30 (each a &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">test date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) have collected for the six-month period ending on such test date, on a consolidated basis, Fund Management Fees, of at least the greater of  (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six-month period, tested semi-annually, commencing on March 31, 2023.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Adjusted EBITDA.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, (i) for the testing period ending on March 31, 2023, maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least $65,000,000 and (ii) for each subsequent testing period, maintain at least a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2023, and continuing on each subsequent March 31 and September 30.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Tangible Net Worth.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Minimum Tangible Net Worth shall be greater than or equal to the amount set forth in the column &#8220;Tangible Net Worth&#8221; as at the end of the applicable fiscal year.</font></div><div style="padding-left:123.75pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:47.115%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:56.043%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fiscal year</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Tangible Net Worth</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$320,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$350,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$385,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$420,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$460,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$505,000,000</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$555,000,000</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">No Additional Indebtedness.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Without the prior written consent of Lender, Borrower (a) shall not directly or indirectly incur Indebtedness for borrowed money excluding (i) debts as of the date of this Agreement that were previously disclosed in writing to Lender (other than those that are being paid substantially concurrently with the </font></div><div style="height:55.44pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">A-1</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">funding of the Loan), (ii) other borrowing from Lender, including for the avoidance of doubt Facility I, Facility II and Facility III, (iii) unsecured debt incurred in the normal course of business and for the avoidance of doubt, (iv) purchase money debt and capital leases in the ordinary course of business, and (b) shall not directly or indirectly make, create, incur, assume or permit to exist any guaranty of any kind of any Indebtedness of any other person during the term of this Agreement, excluding any guaranties as of the date of this Agreement previously disclosed in writing to Lender.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Notification of Transfers.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall notify Lender within 30 days of any transfer of Partner&#8217;s interests in any Funds whose Capital Commitment which would result in a loss of more than 10% of the Borrower&#8217;s aggregate Management Fees.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="height:55.44pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">A-2</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_10"></div><hr style="page-break-after:always"><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT B</font></div><div style="padding-right:-21pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ADVANCE&#47;PAYMENT REQUEST CERTIFICATION FORM</font></div><div style="padding-right:-21pt;text-align:center"><font><br></font></div><div style="padding-right:-21pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Deadline for next business day processing is 12&#58;00pm Pacific Time&#47; 3&#58;00pm Eastern Time</font></div><div style="padding-right:-21pt;text-align:center"><font><br></font></div><div style="padding-right:-21pt;text-align:center"><font><br></font></div><div style="margin-top:3pt;padding-right:-18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Email To&#58; ___________________________________  &#160;&#160;&#160;&#160;Date&#58; ____________________</font></div><div style="margin-top:3pt;padding-right:-18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">BORROWER&#58;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;</font></div><div style="margin-top:3pt;padding-right:-18pt;text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;border-top:0.75pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-15.25pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%">Loan Payment&#58;</font></div><div style="padding-right:-18.25pt;text-align:center"><font><br></font></div><div style="padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">From Account #</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%;text-decoration:underline">________________________________</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To Account </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%;text-decoration:underline">____________________________________</font></div><div style="padding-right:-15.25pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;(Deposit Account #)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;       (Loan Account #)</font></div><div style="padding-right:-15.25pt"><font><br></font></div><div style="padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Principal $</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%;text-decoration:underline">___________________________</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;and&#47;or Interest $</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%">________________________________________</font></div></td></tr></table></div><div style="padding-right:-18pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.75pt solid #000000;border-left:0.75pt solid #000000;border-right:0.75pt solid #000000;border-top:0.75pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%">Loan Advance&#58;</font></div><div style="padding-right:-15.25pt"><font><br></font></div><div style="padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">From Account </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%;text-decoration:underline">________________________________</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To Account </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%;text-decoration:underline">____________________________________</font></div><div style="padding-right:-15.25pt;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">&#160;&#160;&#160;&#160;(Loan Account #)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;      (Deposit Account #)</font></div><div style="padding-right:-15.25pt"><font><br></font></div><div style="padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Amount of Advance $</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:110%;text-decoration:underline">___________________________</font></div></td></tr></table></div><div style="padding-right:-18pt"><font><br></font></div><div style="padding-right:-13.5pt"><font><br></font></div><div style="padding-right:-13.5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">As of the date of the request for this Advance (1) Borrower is in complete compliance with all required covenants, (2) there are no Events of Default, (3)&#160;all representations and warranties in the Agreement are true and correct on this date.</font></div><div style="padding-right:-13.5pt"><font><br></font></div><div style="padding-right:-13.5pt"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;  Hamilton Lane Incorporated, its managing member</font></div><div><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;By&#58; __________________________________</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Name&#58;_______________________________</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Title&#58; ________________________________</font></div><div style="padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; ________________________________</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">FOR INTERNAL LENDER USE ONLY. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Explain Action taken with respect to this Advance&#47;Payment Form.   __________________________________________________________________________________________________________________________________________________________________________________________.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Signature of &#91;BB or delegated representative&#93;&#58;   _____________________________    Date&#58; ___________________  </font></div><div style="padding-right:-18pt"><font><br></font></div><div style="padding-right:-18pt"><font><br></font></div><div style="padding-right:-18pt"><font><br></font></div><div style="padding-right:-18pt"><font><br></font></div><div style="height:69.84pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">B-1</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_13"></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT C</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">COLLATERAL DESCRIPTION</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Collateral consists of all of Borrower&#8217;s personal property now owned or hereafter acquired, including without limitation all equipment, contract rights, intellectual property, general intangibles, commercial tort claims, accounts, Management Fees, Incentive Fees, inventory, documents, cash, instruments, deposit accounts, securities, securities entitlements, securities accounts, Account, investment property, financial assets, letters of credit, letter of credit rights, certificates of deposit, instruments and chattel paper and electronic chattel paper&#59; all Borrower's Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions for, additions and accessions to and proceeds thereof, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, however, Collateral shall exclude Excluded Assets.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Notwithstanding the foregoing, in no event shall the Collateral include or the security interest granted under this Agreement attach to any of the following (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Excluded Assets</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;)  (a) any lease, license, contract or agreement to which Borrower is a party, and any of its rights or interest thereunder, if and to the extent that a security interest is prohibited by or in violation of (i) any law, rule or regulation applicable to the Borrower or (ii) a term, provision or condition of any such lease, license, contract or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity)&#59; provided, however, that the Collateral shall include (and such security interest shall attach) immediately at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such lease, license, contract or agreement not subject to the prohibitions specified in (i) or (ii) above&#59; provided further that the exclusions referred to in clause (a) of this paragraph shall not include any Proceeds of any such lease, license, contract or agreement&#59; (b) in the case of a foreign subsidiary that is treated as a &#8220;controlled foreign corporation&#8221; for U.S. federal income tax purposes, any of the outstanding capital stock of such foreign subsidiary entitled to vote representing in excess of 65% of the voting power of all classes of capital stock of such foreign subsidiary entitled to vote, so long as a pledge in excess of 65% of the voting power of such foreign subsidiary would result in adverse tax consequences to Borrower or its beneficial owners under Section 956 of the Internal Revenue Code (or any successor provision)&#59; provided that immediately upon the amendment of the Internal Revenue Code to allow the pledge of a greater percentage of the voting power of capital stock in a foreign subsidiary without adverse tax consequences, the Collateral shall include, and the security interest granted by the Borrower shall attach to, such greater percentage of capital stock of each foreign subsidiary&#59; and provided, further, that in no event shall the Collateral include capital stock of a foreign subsidiary or controlled foreign corporation to the extent that the grant of a security interest therein would require the approval of, or consultation with, a local securities regulator or other regulatory or governmental authority, or otherwise result in any burdensome undertaking or obligation by the Borrower, pursuant to local law or otherwise&#59; (c) any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) &#59; (d) for avoidance of doubt, equity interests, general partnership interests or assets of Funds, including any assets of a Fund held by Borrower or any assets of Borrower , to the extent the grant of a security interest therein would violate or otherwise result in a default under any organizational or governing document of any Fund or the general partner thereof&#59; (e) any rights or interests in Funds required or deemed necessary to be held by Borrower pursuant to the terms of the applicable Fund organizational documents, any related agreement or applicable law, rule or regulation&#59; (f) equity interests, including general partnership interests, in any joint venture or other non-wholly owned subsidiary to the extent the grant of a security interest therein would violate or otherwise result in a default under any organizational document, governing document or agreement among equity holders of such joint venture or non-wholly owned subsidiary or require the consent of any other equity holder thereof or other third party (unless (x) such document, agreement or requirement of a consent would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity, and (y) no adverse consequence to the Borrower under such organizational document, governing document or agreement among equity holders would result from such grant of security)&#59; (g) any &#8220;intent-to-use&#8221; application for registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. &#167; 1051, prior to the filing of a &#8220;Statement of Use&#8221; pursuant to Section 1(d) of the Lanham Act or an &#8220;Amendment to Allege Use&#8221; pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law&#59; (h) those assets as to which the Lender and Borrower reasonably agree in writing that the cost of obtaining such a security interest or perfection thereof is excessive in relation to the benefit to the Lender of the security to be afforded thereby&#59; (i) capital assets subject to capital leases or purchase money liens, in each case to the extent (x) such capital lease or purchase money lien is permitted hereunder and (y) a lien on such capital assets is prohibited by the documents providing for the capital lease or purchase money lien&#59; or (j) payroll accounts and escrow accounts. For avoidance of doubt, Borrower&#8217;s economic interests in the equity of general partners of Funds constitute Collateral, but Borrower&#8217;s voting and other consensual rights and management and control-related interests in such equity are Excluded Assets. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:36pt"><font><br></font></div><div style="height:69.84pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">C-1</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_16"></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT D</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">COMPLIANCE CERTIFICATE</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TO&#58;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;First Republic Bank&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Date&#58;  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="padding-right:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FROM&#58;  &#160;&#160;&#160;&#160;Hamilton Lane Advisors, L.L.C.</font></div><div style="margin-bottom:6pt;padding-right:-22.5pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The undersigned authorized officer certifies on behalf of Borrower that under the terms and conditions of the Multi-Draw Term Loan and Security Agreement, dated as of October 20, 2022, between Borrower and Lender (the &#8220;Agreement&#8221;), (1) Borrower is in complete compliance for the period ending _______________ (&#8220;Reporting Period&#8221;) with all required covenants&#91;, including the covenants set forth on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Annex A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> hereto,&#93;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> except as noted below, (2) there are no Events of Default, (3)&#160;all representations and warranties in the Agreement are true and correct in all material respects as of the end date of the Reporting Period, except as noted below.  Attached are the required documents supporting the certification.  The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes.  The undersigned acknowledges that no Advances may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement.  Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.542%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.758%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Please indicate compliance status by circling Yes&#47;No under &#8220;Complies&#8221; column and complete information if applicable.</font></td></tr><tr style="height:12pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Reporting Covenants (Exhibit A)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:9.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Internally prepared financial statement </font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:15.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Quarterly within 45 days (other than Q4) </font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Borrower)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 90 days</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Funds)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 180 days</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Partnership interest transfer (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10% aggregate Management Fees)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Within 30 days from transfer</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">List of Capital Contributions delinquent for more than 30 days (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$5,000,000)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Promptly</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Compliance certificate</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#91;Annually&#93;&#91;Quarterly&#93; within &#91;90&#93;&#91;45&#93; days</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flexibility Action taken&#63;  Yes   No</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">If Yes, provide amount&#58;&#58; $&#91;__________&#93;</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Under Flexibility Cap&#63; Yes   No</font></td></tr></table></div><div style="padding-right:-18pt;text-align:justify;text-indent:-360pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.189%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.611%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Affirmative Covenants (Section 6)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%">                                                                                                                      </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:1.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 6.6) Maintenance of operating and depository accounts with Lender</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other affirmative covenants in Section 6 are satisfied. If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.189%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.611%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Negative Covenants (Section 7)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%">                                                                                                                           </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:1.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 7.4) No Encumbrances</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other negative covenants in Section 7 are satisfied.  If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:69.84pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">D-1</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:83.721%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.079%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-2.65pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Representation Confirmations (Section 5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">                                                                                                         </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.2) Any Amendment&#47;Modifications to Charter Documents </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies.</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.4) Any Litigation </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.9) Any Regulatory issues</font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">no changes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Schedule to Multi-Draw Term Loan and Security Agreement </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">prepared on the Effective Date.  If Yes, provide information on separate page.</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#91;SIGNATURE PAGE FOLLOWS.&#93;</font></div><div style="height:69.84pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">D-2</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_19"></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;  Hamilton Lane Incorporated, its managing member</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;By&#58; __________________________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Name&#58;________________________________</font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Title&#58; ________________________________</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:124%">FOR INTERNAL LENDER USE ONLY. </font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:124%">Explain action taken with respect to Borrower&#8217;s non-compliance with any of the above Covenants.   __________________________________________________________________________________________________________________________________________________________________________________________.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Signature of &#91;BB or delegated representative&#93;&#58;   ___________________________    Date&#58; __________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </font></div><div style="height:58.32pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_22"></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">ANNEX A TO COMPLIANCE CERTIFICATE</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.908%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.837%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.149%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.706%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Financial Covenant (Exhibit A)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Actual</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Minimum Annual Management Fees</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six month period (semiannual)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">No Additional Debt</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">None</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Minimum Adjusted EBITDA less dividends (other than tax dividends)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">for test period ending March 31, 2023&#58;</font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">at least $65,000,000&#93;</font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#91;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">for subsequent test periods</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#58; </font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six month period (semiannual)&#93;</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Minimum Tangible Net Worth</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><font><br></font></div><div><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included only for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:58.32pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div style="height:58.32pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="icc80e6cd3f1d486cbcfba8be88f2ac1c_25"></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">SCHEDULE II TO MULTI-DRAW TERM LOAN AND SECURITY AGREEMENT</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font></div><div style="padding-left:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.019%"><tr><td style="width:1.0%"></td><td style="width:32.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:65.199%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Payment Date</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Percentage of Advances to be paid</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2029</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2029</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2029</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2029</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td></tr></table></div><div style="height:77.76pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Schedule II-1</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div><font><br></font></div><div style="height:77.76pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58;  21-595099-3 &#47;  AFS No.&#58;  0210690058</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:47.52pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Omitted Exhibits &#47; Schedules&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exhibit E &#8211; Form of Loan Disbursement Instructions</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exhibit F &#8211; List of Hamilton Lane Funds</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Schedule I &#8211; Borrower Disclosure Statement</font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="height:77.76pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58;  21-595099-3 &#47;  AFS No.&#58;  0210690058</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">USActive 58216024.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353253404.01</font></div><div><font><br></font></div></td></tr></table></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>hamiltonlane-form8xkhlafinb.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="i65fbe1fe791e4f41892407ca973e93dd_1"></div><div style="min-height:184.32pt;width:100%"><div style="margin-bottom:12pt;padding-right:-22.5pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit 10.2</font></div><div style="padding-right:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CERTAIN CONFIDENTIAL INFORMATION, IDENTIFIED BY BRACKETED ASTERISKS &#91;***&#93;, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.</font></div><div style="padding-right:-22.5pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:14.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:82.863%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.75pt;padding-right:2.75pt"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:65px;margin-bottom:5pt;vertical-align:text-bottom;width:65px"></div></td><td colspan="3" style="border-bottom:1.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:18pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">F</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">IRST</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">R</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">EPUBLIC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">ANK</font></div><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">It&#8217;s a privilege to serve you</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%;position:relative;top:-4.2pt;vertical-align:baseline">&#174;</font></div></td></tr></table></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">EXECUTION VERSION</font></div></div><div><font><br></font></div><div id="i65fbe1fe791e4f41892407ca973e93dd_4"></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">THIRD AMENDMENT TO REVOLVING LOAN AND SECURITY AGREEMENT</font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">This</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">THIRD AMENDMENT TO REVOLVING LOAN AND SECURITY AGREEMENT (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amendment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) is entered into as of October 20, 2022, by and between FIRST REPUBLIC BANK (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) and HAMILTON LANE ADVISORS, L.L.C. a Pennsylvania limited liability company (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrower</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Recitals</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;A.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Borrower and Lender are parties to that certain Revolving Loan and Security Agreement dated August 23, 2017, as amended by that certain First Amendment to the Revolving Loan and Security Agreement dated as of March 24, 2020, as amended by that certain Second Amendment to the Revolving Loan and Security Agreement dated as of September 30, 2020 and as may be further amended, restated, supplemented or otherwise modified from time to time (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  The parties desire to amend the Loan Agreement in accordance with the terms of this Amendment.  </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Agreement</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;Now, Therefore,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt">Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;(a) &#160;&#160;&#160;&#160;Subject to the terms and conditions of this Agreement, Lender will make Advances to Borrower in an aggregate principal amount of up to the Revolving Line (&#8220;Facility II&#8221;).  Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.  To obtain an Advance, Borrower shall notify Lender by delivering to Lender the Payment&#47;Advance Form attached as Exhibit&#160;B by facsimile or electronic mail in portable document format (PDF) by 12&#58;00 p.m. Pacific time on the Business Day before the Business Day that the Advance is to be made. Lender will credit Advances to Borrower&#8217;s deposit Account with Lender, as defined in Section 2.2(c).  Lender may make Advances under this Agreement based on instructions from a Designated Representative or his or her designee or without instructions if the Advances are necessary to meet Obligations that have become due&#59;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">provided</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> that Borrower may not use the proceeds of any Advances to repay principal repayment required pursuant to Section 6.7.  Each request by Borrower for an Advance shall constitute a representation and warranty by Borrower to Lender that, after giving effect to that Advance, the aggregate outstanding Credit Extensions will not exceed the lesser of (i) $50,000,000 and (ii) the Revolving Availability Amount (the &#8220;Revolving Line&#8221;). </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)&#160;&#160;&#160;&#160;On March 24, 2025 (the &#8220;Revolving Maturity Date&#8221;), subject to the provision below, Borrower shall repay the entire principal balance of all outstanding Advances, plus accrued but unpaid interest. Borrowers may, on occasion request an extension of the Revolving Maturity Date, for a term of 365 days. Such extension will be subject to the following conditions precedent&#58; (a) the consent of Lender, in its sole discretion&#59; (b) such extension request shall be substantially in the form of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit G</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> and shall be submitted no earlier than 60 days before and no later than 30 days before the then current Revolving Maturity Date&#59; (c) payment by Borrowers of the Extension Fee (which fee shall be fully earned on the date paid and be non-refundable)&#59; (d) on and as of the date of such extension request and on the date that such extension of the Revolving Maturity Date becomes effective (i) no Event of Default shall have occurred and be continuing&#59; and (e) the representations and warranties in this Agreement </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">shall be true and correct in all material respects on the date of extension (except to the extent that such representation and warranty is qualified as to materiality, with respect to such representation or warranty, the foregoing materiality qualifier shall be disregarded for the purposes of this condition, or such representation and warranty relates to an earlier date, in which case such representation and warranty is true and correct in all material respects as of such earlier date).  Upon the satisfaction of the conditions precedent in this </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, Lender will confirm the new Revolving Maturity Date to Borrowers by electronic communication and such Revolving Maturity Date will be automatically extended without any further action by the parties.&#8221;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.2(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)&#160;&#160;&#160;&#160;Interest Payments.  Interest due on the Advances is payable in arrears on the 10th calendar day of each month. After an Event of Default, Lender may debit Borrower&#8217;s Account, as defined in 2.2(c), for principal and interest payments owing or any amounts Borrower owes Lender. Payments received after 12&#58;00 noon Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day.</font></div><div style="text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.1&#160;&#160;&#160;&#160;Grant of Security Interest.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower grants to Lender a continuing security interest in the Collateral to secure all Lender Obligations and performance of Borrower&#8217;s duties under the Loan Documents.  Except for Permitted Liens and subject to Permitted Perfection Limitations, Borrower shall cause Lender to have a first priority security interest in the Collateral.  If this Agreement is terminated, Lender&#8217;s lien and security interest in the Collateral will continue until Borrower fully satisfies its obligations under this Agreement (other than indemnities that are unliquidated and survive termination).  If Borrower shall, at any time, acquire a commercial tort claim in excess of $1,000,000, Borrower shall promptly (but in any event no later than the date that the next Compliance Certificate is required to be delivered pursuant to Exhibit A) notify Lender in writing of the details thereof and grant to Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to Lender.  Borrower authorizes Lender to file financing statements with all appropriate jurisdictions as Lender deems appropriate in order to perfect or protect Lender&#8217;s interest in the Collateral. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font></div><div style="text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.4&#160;&#160;&#160;&#160;Litigation. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Except as disclosed in writing to Lender, there are no actions or proceedings pending by or against Borrower, that would reasonably be expected to result in a judgment in excess of $5,000,000.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 5.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.9&#160;&#160;&#160;&#160;Regulatory Compliance. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower is not an &#8220;investment company&#8221; or a company &#8220;controlled&#8221; by an &#8220;investment company&#8221; under the Investment Company Act of 1940. Borrower is not engaged as one of its important activities in extending credit for margin stock, and no part of any Advance shall be used to fund a &#8220;purpose credit&#8221; (as defined under Regulations of the Federal Reserve Board of Governors). Borrower has not violated in any material respect any material laws, ordinances or governmental rules. Borrower has timely filed all required material federal, state and local tax returns and paid, or made adequate provision to pay, all material taxes, except those being contested in good faith with adequate reserves under GAAP. Borrower has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all government </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">authorities that are necessary to continue its business as currently conducted, except where the failure to do so would not reasonably be expected to result in a Material Adverse Change.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 6.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.2&#160;&#160;&#160;&#160;Financial Statements, Reports, Certificates.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Deliver to Lender (i) a reasonably prompt report of any legal actions pending against Borrower that would reasonably be expected to result in damages or costs to Borrower of $5,000,000 or more&#59; (ii) prompt notice of the occurrence of an Event of Default&#59; and (iii) such other information Lender reasonably requests in writing.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 8.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.7&#160;&#160;&#160;&#160;Judgments.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> If a money judgment(s) is rendered against the Borrower (to the extent not satisfied, bonded, stayed or appealed for a period of 60 days after the entry thereof (it being understood that no Advances will be made before such judgment is stayed or satisfied)) and the aggregate amount of such judgment(s) (the &#8220;Judgment Amount&#8221;) is (a) less than $40,000,000 and the difference between the Judgment Amount and the amount of insurance coverage with respect thereto (if any) is greater than $5,000,000 (the &#8220;Insurance Gap&#8221;) (provided, that to the extent the Insurance Gap is less than $5,000,000, the Lender shall have received proof of such insurance in form and substance reasonably acceptable to the Lender) or (b) the Judgment Amount is in excess of $40,000,000&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 8.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.8&#160;&#160;&#160;&#160;Circumstances Affecting Fund or General Partner.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> If any Fund fails to receive 90% of its Capital Contributions within 10 Business Days of the date when such Capital Contributions are due and such failure would reasonably be expected to result in a loss of more than 10% of Borrower&#8217;s aggregate Management Fees as of the end of the fiscal year in which such failure occurs&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Section 8.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility I&#59; Facility III&#59; Facility IV.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If an Event of Default occurs under Facility I, Facility III or Facility IV.</font></div><div style="text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The last paragraph of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 11</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby deleted in its entirety.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Each of the following definitions are hereby incorporated in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement in the appropriate alphabetical sequence&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility IV</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Multi-Draw Term Loan and Security Agreement dated as of October 20, 2022 (as amended, restated, supplemented and&#47;or otherwise modified from time to time) between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revolving Availability Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means an amount equal to $325,000,000 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> an amount equal to the aggregate outstanding Credit Extensions under Facility I, Facility II, Facility III and Facility IV.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Third Amendment Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means October 20, 2022.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:184.32pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Each of the following definitions from Section 13 of the Loan Agreement are hereby amended and restated in their entirety as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the net income of the Borrower and its consolidated subsidiaries excluding interest expenses, income tax expenses, depreciation and amortization, equity based compensation expense, other non-operating income (loss), and transaction costs and expenses related to an IPO, acquisitions and refinancings, non-cash changes in fund portfolio valuations,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">gains or losses related to SPAC assets and other non-cash expenses.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ERISA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Employee Retirement Income Security Act of 1974, as amended, and its regulations.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means all reasonable, audit fees and expenses and reasonable and documented costs and out-of-pocket expenses (including attorneys&#8217; fees and expenses) for preparing, negotiating, administering, defending and enforcing the Loan Documents for Facility I, Facility II, Facility III and Facility IV (including any of the foregoing incurred in connection with any appeals or Insolvency Proceedings).</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Obligations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; are any Obligations owing to Lender hereunder and under the other Loan Documents and, as applicable in respect of Facility I, Facility III or Facility IV, including debts, principal, interest, Lender Expenses and other amounts Borrower owes Lender now or later in respect of the Loan Documents and, as applicable Facility I, Facility III or Facility IV including Contingent Obligations, cash management services, letters of credit and foreign exchange contracts, if any, interest accruing after Insolvency Proceedings begin.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i65fbe1fe791e4f41892407ca973e93dd_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">14.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Exhibit A to the Loan Agreement is hereby amended and restated in its entirety in the form set forth hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Exhibit D to the Loan Agreement is hereby amended and restated in its entirety in the form set forth hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">16.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The Loan Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of any party under the Loan Agreement, as in effect prior to the date hereof.  Borrower ratifies and reaffirms the continuing effectiveness of all promissory notes, guaranties, security agreements, mortgages, deeds of trust, environmental agreements, and all other instruments, documents and agreements entered into in connection with the Loan Agreement in each case as amended to date, including any amendments made substantially concurrently with this Amendment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">17.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Borrower represents and warrants that the representations and warranties contained in the Loan Agreement are true and correct as of the date of this Amendment and that, upon execution and delivery of this Amendment, no Event of Default has occurred and is continuing.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">18.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">This Amendment may be executed in counterparts, each of which shall constitute an original, and all of which together shall constitute one and the same agreement.  A signed copy of this Amendment transmitted by a party to another party via facsimile or an emailed &#8220;pdf&#8221; version shall be binding on the signatory thereto.  Notwithstanding the delivery of the faxed or emailed copy, the Credit Parties agree to deliver to Lender original executed copies of this Amendment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">19.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">As a condition to the effectiveness of this Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">Formal credit approval by First Republic Bank&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.78pt">this Amendment duly executed by the Borrower&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">Borrower&#8217;s payment of (i) an amendment fee &#91;***&#93; and (ii) all other fees and Lender Expenses through the date hereof&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.78pt">such other documents, and completion of such other matters, as Lender may reasonably deem necessary or appropriate.</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#91;Signatures on following page.&#93;</font></div><div><font><br></font></div><div style="height:80.64pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i65fbe1fe791e4f41892407ca973e93dd_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">BORROWER&#58;</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Atul Varma</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Atul Varma</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Chief Financial Officer</font></div><div style="height:82.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane Advisors</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Third Amendment to Revolving Loan and Security Agreement</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i65fbe1fe791e4f41892407ca973e93dd_13"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">LENDER&#58;</font></div><div style="margin-bottom:24pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FIRST REPUBLIC BANK</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#47;s&#47; Scott Aleali</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Scott Aleali</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Practice Leader</font></div><div style="height:82.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane Advisors</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Third Amendment to Revolving Loan and Security Agreement</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i65fbe1fe791e4f41892407ca973e93dd_16"></div><hr style="page-break-after:always"><div style="min-height:49.68pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT A</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">COVENANTS</font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender annual financial statements (including balance sheet and income statements) for Hamilton Lane Incorporated, which financial statements shall be audited by Ernst &#38; Young LLP or other independent certified public accountant reasonably acceptable to Lender and (b) company-prepared annual financial statements (including balance sheet and income statements) for Borrower, in each case within ninety (90) days after the end of each of Borrower&#8217;s fiscal years.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower shall deliver to Lender annual financial statements (including balance sheet and income statements) within one hundred eighty (180) days after the end of each Fund&#8217;s fiscal years (to the extent the Fund  is audited) for such Fund (in each case, to the extent such Fund accounts for 5% or more of Borrower&#8217;s aggregate revenue as of the end of the most recently completed fiscal year, and with respect to all other Funds, upon the request of the Lender).</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Interim Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender company-prepared quarterly financial statements (including balance sheet and income statements) within forty-five (45) days after the end of each quarter referenced below certified by Borrower&#8217;s chief financial officer or another officer or representative acceptable to Lender.  Quarterly financials shall be delivered for the first three (3) fiscal quarters.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Compliance Certificate.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Within forty-five (45) days after the end of the first three (3) fiscal quarters and  ninety (90) days after the end of each of Borrower&#8217;s fiscal years, deliver to Lender a Compliance Certificate signed by a Designated Representative in the form of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit&#160;D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. </font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Other Financial Statements.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Upon filing of any financial statements or reporting as required to be publicly filed by Borrower, a copy of such financial statement or reporting.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Flexibility Actions.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower shall give written notice to Lender of any Flexibility Action promptly after such Flexibility Action is taken.  Any Flexibility Action taken by Borrower will be deemed a representation by Borrower that the conditions precedent therefore were satisfied.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Annual Management Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, as at each March 31 and September 30 (each a &#8220;test date&#8221;) have collected for the six-month period ending on such test date, on a consolidated basis, Fund Management Fees, of at least the greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six-month period, tested semi-annually.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Adjusted EBITDA.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, (i) prior to the testing period ending on March 31, 2023,  maintain a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $50,000,000 and (b) an amount equal to 80% of the trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, tested semi-annually&#59; (ii) for the testing period ending on March 31, 2023, maintain a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least $65,000,000 and (iii) for each subsequent testing period, maintain at least a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2023, and continuing on each subsequent March 31 and September 30.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Tangible Net Worth.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Minimum Tangible Net Worth shall be greater than or equal to the amount set forth in the column &#8220;Tangible Net Worth&#8221; as at the end of the applicable fiscal year.</font></div><div style="padding-left:123.75pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:47.115%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:56.043%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fiscal year</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Tangible Net Worth</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$320,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$350,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$385,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$420,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$460,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$505,000,000</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$555,000,000</font></td></tr></table></div><div style="height:68.4pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:49.68pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">No Additional Indebtedness.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Without the prior written consent of Lender, Borrower (a) shall not directly or indirectly incur Indebtedness for borrowed money excluding (i) debts as of the date of this Agreement that were previously disclosed in writing to Lender (other than those that are being paid substantially concurrently with the funding of the Loan), (ii) other borrowing from Lender, including for the avoidance of doubt Facility I, Facility III, and Facility IV (iii) unsecured debt incurred in the normal course of business and for the avoidance of doubt, (iv) purchase money debt and capital leases in the ordinary course of business, and (b) shall not directly or indirectly make, create, incur, assume or permit to exist any guaranty of any kind of any Indebtedness of any other person during the term of this Agreement, excluding any guaranties as of the date of this Agreement previously disclosed in writing to Lender.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Notification of Transfers.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall notify Lender within 30 days of any transfer of Partner&#8217;s interests in any Funds whose Capital Commitment which would result in a loss of more than 10% of the Borrower&#8217;s aggregate Management Fees.</font></div><div style="height:68.4pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i65fbe1fe791e4f41892407ca973e93dd_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT D</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">COMPLIANCE CERTIFICATE</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TO&#58;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;First Republic Bank&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Date&#58;  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="padding-right:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FROM&#58;  &#160;&#160;&#160;&#160;Hamilton Lane Advisors, L.L.C. </font></div><div style="margin-bottom:6pt;padding-right:-49.5pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The undersigned authorized officer certifies on behalf of Borrower that under the terms and conditions of the Multi-Draw Term Loan and Security Agreement, dated as of October 20, 2022, between Borrower and Lender (the &#8220;Agreement&#8221;), (1) Borrower is in complete compliance for the period ending _______________ (&#8220;Reporting Period&#8221;) with all required covenants&#91;, including the covenants set forth on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Annex A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> hereto,&#93;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> except as noted below, (2) there are no Events of Default, (3)&#160;all representations and warranties in the Agreement are true and correct in all material respects as of the end date of the Reporting Period, except as noted below.  Attached are the required documents supporting the certification.  The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes.  The undersigned acknowledges that no Advances may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement.  Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.597%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.469%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.989%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Please indicate compliance status by circling Yes&#47;No under &#8220;Complies&#8221; column.</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="9" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Reporting Covenant</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:9.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Internally prepared financial statement </font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:15.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Quarterly within 45 days (other than Q4) </font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Borrower)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 90 days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Funds)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 180 days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Partnership interest transfer (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10% aggregate Management Fees)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Within 30 days from transfer</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">List of Capital Contributions delinquent for more than 30 days (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,000,000)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Promptly</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Compliance certificate</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#91;Annually&#93;&#91;Quarterly&#93; within &#91;90&#93;&#91;45&#93; days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flexibility Action taken&#63;  Yes   No</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">If Yes, provide amount&#58;&#58; $&#91;__________&#93;</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Under Flexibility Cap&#63; Yes   No</font></td></tr></table></div><div style="padding-right:-18pt;text-align:justify;text-indent:-360pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:123%;text-decoration:underline">Affirmative Covenants (Section 6)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:123%">                                                                                                                    </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.05pt;padding-right:0.05pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 6.6) Maintenance of operating and depository accounts with Lender</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other affirmative covenants in Section 6 are satisfied. If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:123%;text-decoration:underline">Negative Covenants (Section 7)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:123%">                                                                                                                           </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.05pt;padding-right:0.05pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 7.4) No Encumbrances</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other negative covenants in Section 7 are satisfied.  If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div style="padding-right:-49.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.016%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-2.65pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Representation Confirmations (Section 5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">                                                                                                         </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.05pt;padding-right:0.05pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.2) Any Amendment&#47;Modifications to Charter Documents </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies.</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.4) Any Litigation </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.9) Any Regulatory issues</font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">no changes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Schedule to Multi-Draw Term Loan and Security Agreement </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">prepared on the Effective Date.  If Yes, provide information on separate page.</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;  Hamilton Lane Incorporated, its managing member</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;By&#58; __________________________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Name&#58;________________________________</font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Title&#58; ________________________________</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:123%">FOR INTERNAL LENDER USE ONLY. </font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:123%">Explain action taken with respect to Borrower&#8217;s non-compliance with any of the above Covenants.   __________________________________________________________________________________________________________________________________________________________________________________________.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Signature of &#91;BB or delegated representative&#93;&#58;   ___________________________    Date&#58; __________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i65fbe1fe791e4f41892407ca973e93dd_22"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">ANNEX A TO COMPLIANCE CERTIFICATE</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.584%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Financial Covenant</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Actual</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Annual Management Fees</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six month period (semiannual)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">No Additional Debt</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Adjusted EBITDA less dividends (other than tax dividends)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Prior to 3&#47;31&#47;2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Greater of (a) $50,000,000 and (b) an amount equal to 80% of the trailing six-month Adjusted EBITDA sum, for the immediately preceding six-month period (semiannual)</font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Subsequent to 3&#47;31&#47;2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA sum, for the immediately preceding six-month period (semiannual)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Tangible Net Worth</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included only for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 03-210690058-0034</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58222104.7</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254462.01</font></div><div><font><br></font></div></td></tr></table></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>hamiltonlane-xform8xkhlafi.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="i8a45cad30da74ad8a4852e382a86a993_1"></div><div style="min-height:191.52pt;width:100%"><div style="padding-right:-22.5pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit 10.3</font></div><div style="padding-right:-22.5pt"><font><br></font></div><div style="padding-right:-22.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CERTAIN CONFIDENTIAL INFORMATION, IDENTIFIED BY BRACKETED ASTERISKS &#91;***&#93;, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.090%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:82.710%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.75pt;padding-right:2.75pt"><img alt="image_0b.jpg" src="image_0b.jpg" style="height:65px;margin-bottom:5pt;vertical-align:text-bottom;width:65px"></div></td><td colspan="3" style="border-bottom:1.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:18pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">F</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">IRST</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">R</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">EPUBLIC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">ANK</font></div><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">It&#8217;s a privilege to serve you</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%;position:relative;top:-4.2pt;vertical-align:baseline">&#174;</font></div></td></tr></table></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">EXECUTION VERSION</font></div></div><div><font><br></font></div><div id="i8a45cad30da74ad8a4852e382a86a993_4"></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FOURTH AMENDMENT TO TERM LOAN AND SECURITY AGREEMENT</font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">This</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FOURTH AMENDMENT TO TERM LOAN AND SECURITY AGREEMENT (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amendment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) is entered into as of October 20, 2022 (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) by and between FIRST REPUBLIC BANK (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) and HAMILTON LANE ADVISORS, L.L.C., a Pennsylvania limited liability company (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrower</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Recitals</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;A.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Borrower and Lender are parties to that certain Term Loan and Security Agreement dated August 23, 2017, as amended by that certain First Amendment to Term Loan and Security Agreement dated as of March 24, 2020&#59; that certain Second Amendment to Term Loan and Security Agreement dated as of September 30, 2020 and that certain Third Amendment to Term Loan and Security Agreement dated as of April 22, 2021 and as may be further amended, restated, supplemented or otherwise modified from time to time (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  The parties desire to amend the Loan Agreement in accordance with the terms of this Amendment.  </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Agreement</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;Now, Therefore,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt">Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.1.1  Term Advances.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Subject to the terms and conditions of this Agreement, (i) on the Effective Date the Lender advanced $75,000,000 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Initial Term Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) to Borrower&#59; (ii) on the First Amendment Effective Date, the Lender advanced $9,154,427.08 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Incremental Term Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) to Borrower&#59; (iii) on the Fourth Amendment Effective Date, the Lender advanced $92,882,812.50 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Second Incremental Term Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) to Borrower and (iv) from the Fourth Amendment Effective Date through December 31, 2023, Borrower may request advances at the sole discretion of the Lender (each, an &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Additional Uncommitted Term Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; and, collectively with the Initial Term Advance, the Incremental Term Advance, the Second Incremental Term Advance and each Additional Uncommitted Term Advance, &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility I</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; or the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Advances</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;), each Additional Uncommitted Term Advance collectively will not exceed the lesser of&#58; (i) $25,000,000 and (ii) the Term Loan Availability Amount. Such Additional Uncommitted Term Advances may be done in one or more requested advances, of not less than $12,500,000. As of the Fourth Amendment Effective Date, the aggregate outstanding principal balance is $100,000,000. As a condition precedent to any Additional Uncommitted Term Advance, Borrower and Lender shall agree to such additional terms and amendments hereto as are needed to facilitate such proposed Additional Uncommitted Term Advance, as applicable.  In connection with each Additional Advance, Lender shall update Schedule II to reflect a straight line amortization of all Additional Amounts as of such date&#59; for the avoidance of doubt, such amortization shall evenly distribute the aggregate principal amount of all Additional Amounts across each of the remaining quarterly repayment dates.  After repayment, no Term Advance may be reborrowed.  Borrower shall make interest-only payments from the date of each Term Advance through, but excluding, January 1, 2023 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortization Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  Beginning with the payment due on the Amortization Date, Borrower shall repay the Term Advances (for </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:191.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">avoidance of doubt, including the portion of the Additional Advances that do not constitute Additional Amounts) (i) on the first calendar day of each calendar quarter in installments of principal as set forth in Schedule II hereof plus (ii) monthly payments of accrued interest.  All unpaid principal and interest on each Term Advance shall be due on January 1, 2030 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Maturity Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;). To obtain a Term Advance, Borrower shall notify Lender by delivering to Lender the Payment&#47;Advance Form attached as Exhibit B by facsimile or electronic mail in portable document format (PDF) by 12&#58;00 p.m. Pacific time on the Business Day before the Business Day that the Term Advance is to be made.  Lender will credit Term Advances to Borrower&#8217;s deposit Account with Lender, as defined in Section 2.2(d).  Lender may make Term Advances under this Agreement based on instructions from a Designated Representative or his or her designee or without instructions if the Term Advances are necessary to meet Obligations that have become due.</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.2(a)&#59; (c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)&#160;&#160;&#160;&#160;Interest Rate. Term Advances accrue interest on the outstanding principal balance, as set forth in the applicable Payment&#47;Advance Form, at a floating per annum rate equal to the greater of (i) the Prime Rate </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> 1.25% and (ii) 3.00%, provided that, if the aggregate principal amount of the outstanding Term Advances is equal to or less than $40,000,000 by the date that is three (3) years after the date hereof, then the applicable interest rate will be reduced by 0.25%.  The interest rate increases or decreases when the Prime Rate, changes.  Interest is computed on a 360 day year for the actual number of days elapsed.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)&#160;&#160;&#160;&#160;Interest Payments.  Interest due on the Advances is payable in arrears on the 10th calendar day of each month.  After an Event of Default, Lender may debit Borrower&#8217;s Account, as defined in 2.2(d), for principal and interest payments owing or any amounts Borrower owes Lender.  Payments received after 12&#58;00 noon Pacific time are considered received at the opening of business on the next Business Day.  When a payment is due on a day that is not a Business Day, the payment is due the next Business Day.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.3&#160;&#160;&#160;&#160;Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower will pay&#58; </font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(a)&#160;&#160;&#160;&#160;Second Incremental Term Advance Fee.  A fully earned, non-refundable facility fee in the amount agreed upon by the Borrower and the Lender on the Fourth Amendment Effective Date&#59;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(b)&#160;&#160;&#160;&#160;Additional Uncommitted Term Advance Fee. A fully earned, non-refundable facility fee, equal to &#91;***&#93;, on the date each such Additional Uncommitted Term Advance is made&#59;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)&#160;&#160;&#160;&#160;&#91;Reserved.&#93;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(d)&#160;&#160;&#160;&#160;&#91;Reserved.&#93;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(e)&#160;&#160;&#160;&#160;Lender Expenses.  Upon demand by Lender, all Lender Expenses reasonably incurred after the Effective Date.</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.1&#160;&#160;&#160;&#160;Grant of Security Interest.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower grants to Lender a continuing security interest in the Collateral to secure all Lender Obligations and performance of Borrower&#8217;s duties under the </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:191.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan Documents.  Except for Permitted Liens and subject to Permitted Perfection Limitations, Borrower shall cause Lender to have a first priority security interest in the Collateral.  If this Agreement is terminated, Lender&#8217;s lien and security interest in the Collateral will continue until Borrower fully satisfies its obligations under this Agreement (other than indemnities that are unliquidated and survive termination).  If Borrower shall, at any time, acquire a commercial tort claim in excess of $1,000,000, Borrower shall promptly (but in any event no later than the date that the next Compliance Certificate is required to be delivered pursuant to Exhibit A) notify Lender in writing of the details thereof and grant to Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to Lender.  Borrower authorizes Lender to file financing statements with all appropriate jurisdictions as Lender deems appropriate in order to perfect or protect Lender&#8217;s interest in the Collateral.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.4&#160;&#160;&#160;&#160;Litigation.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Except as disclosed in writing to Lender, there are no actions or proceedings pending by or against Borrower, that would reasonably be expected to result in a judgment in excess of $5,000,000.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 5.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.9&#160;&#160;&#160;&#160;Regulatory Compliance.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Borrower is not an &#8220;investment company&#8221; or a company &#8220;controlled&#8221; by an &#8220;investment company&#8221; under the Investment Company Act of 1940. Borrower is not engaged as one of its important activities in extending credit for margin stock, and no part of any Advance shall be used to fund a &#8220;purpose credit&#8221; (as defined under Regulations of the Federal Reserve Board of Governors). Borrower has not violated in any material respect any material laws, ordinances or governmental rules. Borrower has timely filed all required material federal, state and local tax returns and paid, or made adequate provision to pay, all material taxes, except those being contested in good faith with adequate reserves under GAAP. Borrower has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all government authorities that are necessary to continue its business as currently conducted, except where the failure to do so would not reasonably be expected to result in a Material Adverse Change.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 6.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.2&#160;&#160;&#160;&#160;Financial Statements, Reports, Certificates.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Deliver to Lender (i) a reasonably prompt report of any legal actions pending against Borrower that would reasonably be expected to result in damages or costs to Borrower of $5,000,000 or more&#59; (ii) prompt notice of the occurrence of an Event of Default&#59; and (iii)such other information Lender reasonably requests in writing.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 8.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.7&#160;&#160;&#160;&#160;Judgments. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">If a money judgment(s) is rendered against the Borrower (to the extent not satisfied, bonded, stayed or appealed for a period of 60 days after the entry thereof (it being understood that no Advances will be made before such judgment is stayed or satisfied)) and the aggregate amount of such judgment(s) (the &#8220;Judgment Amount&#8221;) is (a) less than $40,000,000 and the difference between the Judgment Amount and the amount of insurance coverage with respect thereto (if any) is greater than $5,000,000 (the &#8220;Insurance Gap&#8221;) (provided, that to the extent the Insurance Gap is less than </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:191.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,000,000, the Lender shall have received proof of such insurance in form and substance reasonably acceptable to the Lender) or (b) the Judgment Amount is in excess of $40,000,000&#59;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Section 8.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.8&#160;&#160;&#160;&#160;Circumstances Affecting Fund or General Partner.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> If any Fund fails to receive 90% of its Capital Contributions within 10 Business Days of the date when such Capital Contributions are due and such failure would reasonably be expected to result in a loss of more than 10% of Borrower&#8217;s aggregate Management Fees as of the end of the fiscal year in which such failure occurs&#59;</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Section 8.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.10&#160;&#160;&#160;&#160;Facility II&#59; Facility III&#59; Facility IV.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If an Event of Default occurs under Facility II,  Facility III or Facility IV.</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The last paragraph of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 11</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby deleted in its entirety. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Each of the following definitions are hereby incorporated in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement in the appropriate alphabetical sequence&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility IV</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Multi-Draw Term Loan and Security Agreement dated as of October 20, 2022 (as amended, restated, supplemented and&#47;or otherwise modified from time to time), between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fourth Amendment Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means October 20, 2022.</font></div><div style="text-indent:72pt"><font><br></font></div><div style="text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Second Incremental Term Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; has the meaning provided in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Loan Availability Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means an amount equal to $325,000,000 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> an amount equal to the aggregate outstanding Credit Extensions under Facility I, Facility II, Facility III and Facility IV.</font></div><div style="padding-left:72pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">14.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Each of the following definitions from </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement are hereby amended and restated in their entirety as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ERISA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Employee Retirement Income Security Act of 1974, as amended, and its regulations.</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means all reasonable, audit fees and expenses and reasonable and documented costs and out-of-pocket expenses (including attorneys&#8217; fees and expenses) for preparing, negotiating, administering, defending and enforcing the Loan Documents for Facility I, Facility II, Facility III and Facility IV (including any of the foregoing incurred in connection with any appeals or Insolvency Proceedings).</font></div><div style="text-align:justify;text-indent:72pt"><font><br></font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Obligations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; are any Obligations owing to Lender hereunder and under the other Loan Documents and, as applicable in respect of Facility II, Facility III or Facility IV, including debts, principal, interest, Lender Expenses and other amounts Borrower owes Lender now or later in respect of the Loan Documents and, as applicable Facility II, Facility III or Facility IV, including </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:191.52pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contingent Obligations, cash management services, letters of credit and foreign exchange contracts, if any, interest accruing after Insolvency Proceedings begin.</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The definition of &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Additional Committed Term Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; is hereby deleted in its entirety from </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 13</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">16.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Exhibit A to the Loan Agreement is hereby amended and restated in its entirety in the form set forth hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">17.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Exhibit D to the Loan Agreement is hereby amended and restated in its entirety in the form set forth hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">18.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Schedule II to the Loan Agreement is hereby amended and restated in its entirety in the form set forth hereto as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Schedule II</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">19.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The Loan Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of any party under the Loan Agreement, as in effect prior to the date hereof.  Borrower ratifies and reaffirms the continuing effectiveness of all promissory notes, guaranties, security agreements, mortgages, deeds of trust, environmental agreements, and all other instruments, documents and agreements entered into in connection with the Loan Agreement in each case as amended to date, including any amendments made substantially concurrently with this Amendment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">20.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Borrower represents and warrants that the representations and warranties contained in the Loan Agreement are true and correct as of the date of this Amendment and that, upon execution and delivery of this Amendment, no Event of Default has occurred and is continuing.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">21.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">This Amendment may be executed in counterparts, each of which shall constitute an original, and all of which together shall constitute one and the same agreement.  A signed copy of this Amendment transmitted by </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">a party to another party via facsimile or an emailed &#8220;pdf&#8221; version shall be binding on the signatory thereto.  Notwithstanding the delivery of the faxed or emailed copy, the Credit Parties agree to deliver to Lender original executed copies of this Amendment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">22.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">As a condition to the effectiveness of this Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">formal credit approval by First Republic Bank&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.78pt">this Amendment duly executed by the Borrower&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">certified Borrowing Resolutions of the Borrower authorizing entry into the transaction contemplated herein, certified by a responsible officer of the Borrower as correct and complete copies thereof and in effect on the Effective Date&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.78pt">payment of (i) the fully earned, non-refundable facility fee &#91;***&#93;&#59; and (ii) all other fees and Lender Expenses through the date hereof&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(e)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">such other documents, and completion of such other matters, as Lender may reasonably deem necessary or appropriate.</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#91;Signatures on following page.&#93;</font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">BORROWER&#58;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#47;s&#47; Atul Varma</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Atul Varma</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Chief Financial Officer</font></div><div style="height:80.64pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane Advisors</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Fourth Amendment to Term Loan and Security Agreement</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_13"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">LENDER&#58;</font></div><div style="margin-bottom:24pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FIRST REPUBLIC BANK</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Scott Aleali</font></div><div style="margin-bottom:12pt;padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Scott Aleali</font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Practice Leader</font></div><div style="height:80.64pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane Advisors</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">Fourth Amendment to Term Loan and Security Agreement</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_16"></div><hr style="page-break-after:always"><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT A</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender (a) annual financial statements (including balance sheet and income statements) for Hamilton Lane Incorporated, which financial statements shall be audited by Ernst &#38; Young LLP or other independent certified public accountant reasonably acceptable to Lender and (b) company-prepared annual financial statements (including balance sheet and income statements) for Borrower, in each case within ninety (90) days after the end of each of Borrower&#8217;s fiscal years.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender annual financial statements (including balance sheet and income statements) within one hundred eighty (180) days after the end of each Fund&#8217;s fiscal years for such Fund (in each case, to the extent such Fund accounts for 5% or more of Borrower&#8217;s aggregate &#160;revenue as of the end of the most recently completed fiscal year, and with respect to all other Funds, upon the request of the Lender), which financial statements shall be audited by an independent certified public accountant reasonably acceptable to Lender.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Interim Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender company-prepared quarterly financial statements (including balance sheet and income statements) within forty-five (45) days after the end of each quarter referenced below certified by Borrower&#8217;s chief financial officer or another officer or representative acceptable to Lender.  Quarterly financials shall be delivered for the first three (3) fiscal quarters.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Compliance Certificate.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Within forty-five (45) days after the end of the first three (3) fiscal quarters and  ninety (90) days after the end of each of Borrower&#8217;s fiscal years, deliver to Lender a Compliance Certificate signed by a Designated Representative in the form of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit&#160;D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. </font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Other Financial Statements.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Upon filing of any financial statements or reporting as required to be publicly filed by Borrower, a copy of such financial statement or reporting.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Flexibility Actions.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower shall give written notice to Lender of any Flexibility Action promptly after such Flexibility Action is taken.  Any Flexibility Action taken by Borrower will be deemed a representation by Borrower that the conditions precedent therefore were satisfied.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Annual Management Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, as at each March 31 and September 30 (each a &#8220;test date&#8221;) have collected for the six-month period ending on such test date, on a consolidated basis, Fund Management Fees, of at least the greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six-month period, tested semi-annually.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Adjusted EBITDA.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, (i) prior to the testing period ending on March 31, 2023,  maintain a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $50,000,000 and (b) an amount equal to 80% of the trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, tested semi-annually&#59; (ii) for the testing period ending on March 31, 2023, maintain a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least $65,000,000 and (iii) for each subsequent testing period, maintain at least a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2023, and continuing on each subsequent March 31 and September 30.</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Tangible Net Worth.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Minimum Tangible Net Worth shall be greater than or equal to the amount set forth in the column &#8220;Tangible Net Worth&#8221; as at the end of the applicable fiscal year.</font></div><div style="padding-left:123.75pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:47.115%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:56.043%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fiscal year</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Tangible Net Worth</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$320,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$350,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$385,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$420,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$460,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$505,000,000</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$555,000,000</font></td></tr></table></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">No Additional Indebtedness.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Without the prior written consent of Lender, Borrower (a) shall not directly or indirectly incur Indebtedness for borrowed money excluding (i) debts as of the date of this Agreement that were </font></div><div style="height:68.4pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">previously disclosed in writing to Lender (other than those that are being paid substantially concurrently with the funding of the Loan), (ii) other borrowing from Lender, including for the avoidance of doubt Facility II, Facility III and Facility IV (iii) unsecured debt incurred in the normal course of business and for the avoidance of doubt, (iv) purchase money debt and capital leases in the ordinary course of business, and (b) shall not directly or indirectly make, create, incur, assume or permit to exist any guaranty of any kind of any Indebtedness of any other person during the term of this Agreement, excluding any guaranties as of the date of this Agreement previously disclosed in writing to Lender.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Notification of Transfers.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall notify Lender within 30 days of any transfer of Partner&#8217;s interests in any Funds whose Capital Commitment which would result in a loss of more than 10% of the Borrower&#8217;s aggregate Management Fees.</font></div><div style="height:68.4pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT D</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">COMPLIANCE CERTIFICATE</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TO&#58;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;First Republic Bank&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Date&#58;  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="padding-right:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FROM&#58;  &#160;&#160;&#160;&#160;Hamilton Lane Advisors, L.L.C. </font></div><div style="margin-bottom:6pt;padding-right:-49.5pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The undersigned authorized officer certifies on behalf of Borrower that under the terms and conditions of the Multi-Draw Term Loan and Security Agreement, dated as of October 20, 2022, between Borrower and Lender (the &#8220;Agreement&#8221;), (1) Borrower is in complete compliance for the period ending _______________ (&#8220;Reporting Period&#8221;) with all required covenants&#91;, including the covenants set forth on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Annex A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> hereto,&#93;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> except as noted below, (2) there are no Events of Default, (3)&#160;all representations and warranties in the Agreement are true and correct in all material respects as of the end date of the Reporting Period, except as noted below.  Attached are the required documents supporting the certification.  The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes.  The undersigned acknowledges that no Advances may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement.  Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.597%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.469%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.989%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Please indicate compliance status by circling Yes&#47;No under &#8220;Complies&#8221; column.</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="9" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Reporting Covenant</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:9.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Internally prepared financial statement </font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:15.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Quarterly within 45 days (other than Q4) </font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Borrower)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 90 days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Funds)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 180 days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Partnership interest transfer (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10% aggregate Management Fees)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Within 30 days from transfer</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">List of Capital Contributions delinquent for more than 30 days (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$5,000,000)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Promptly</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Compliance certificate</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#91;Annually&#93;&#91;Quarterly&#93; within &#91;90&#93;&#91;45&#93; days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flexibility Action taken&#63;  Yes   No</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">If Yes, provide amount&#58;&#58; $&#91;__________&#93;</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Under Flexibility Cap&#63; Yes   No</font></td></tr></table></div><div style="padding-right:-18pt;text-align:justify;text-indent:-360pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Affirmative Covenants (Section 6)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%">                                                                                                                      </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:1.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 6.6) Maintenance of operating and depository accounts with Lender</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other affirmative covenants in Section 6 are satisfied. If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Negative Covenants (Section 7)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%">                                                                                                                           </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:1.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 7.4) No Encumbrances</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other negative covenants in Section 7 are satisfied.  If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div style="padding-right:-49.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:82.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58; 210690058-21579602</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.016%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-2.65pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Representation Confirmations (Section 5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">                                                                                                         </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.2) Any Amendment&#47;Modifications to Charter Documents </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies.</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.4) Any Litigation </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.9) Any Regulatory issues</font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">no changes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Schedule to Multi-Draw Term Loan and Security Agreement </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">prepared on the Effective Date.  If Yes, provide information on separate page.</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;  Hamilton Lane Incorporated, its managing member</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;By&#58; __________________________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Name&#58;________________________________</font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Title&#58; ________________________________</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:124%">FOR INTERNAL LENDER USE ONLY. </font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:124%">Explain action taken with respect to Borrower&#8217;s non-compliance with any of the above Covenants.   __________________________________________________________________________________________________________________________________________________________________________________________.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Signature of &#91;BB or delegated representative&#93;&#58;   ___________________________    Date&#58; __________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </font></div><div><font><br></font></div><div style="height:82.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_22"></div><hr style="page-break-after:always"><div style="min-height:36pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">ANNEX A TO COMPLIANCE CERTIFICATE</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.584%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Financial Covenant</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Actual</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Annual Management Fees</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six month period (semiannual)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">No Additional Debt</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Adjusted EBITDA less dividends (other than tax dividends)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Prior to 3&#47;31&#47;2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Greater of (a) $50,000,000 and (b) an amount equal to 80% of the trailing six-month Adjusted EBITDA sum, for the immediately preceding six-month period (semiannual)</font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Subsequent to 3&#47;31&#47;2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA sum, for the immediately preceding six-month period (semiannual)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Tangible Net Worth</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included only for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:68.4pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> &#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="i8a45cad30da74ad8a4852e382a86a993_25"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Schedule II to Term Loan and Security Agreement</font></div><div style="padding-left:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.301%"><tr><td style="width:1.0%"></td><td style="width:32.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.293%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.295%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Payment Date</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Percentage of aggregate Original Term Advances to be paid</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Additional Amounts to be paid</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.625%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.875%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.875%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.875%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.875%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2028</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25%</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr></table></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Schedule II-1</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.301%"><tr><td style="width:1.0%"></td><td style="width:32.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.293%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.295%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.25%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">January 1, 2029</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">April 1, 2029</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 1, 2029</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5%</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">October 1, 2029</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.5%</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.00</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">Loan No. 04-210690058-0018&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Schedule II-2</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58224858.8</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254020.01</font></div><div><font><br></font></div></td></tr></table></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>hamiltonlane-form8xkhlafina.htm
<DESCRIPTION>EX-10.4
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="ida506197bb45459c88c47eae1d73b0e0_1"></div><div style="min-height:128.88pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit 10.4</font></div><div style="text-align:right"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.090%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:82.710%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.75pt;padding-right:2.75pt"><img alt="image_0c.jpg" src="image_0c.jpg" style="height:65px;margin-bottom:5pt;vertical-align:text-bottom;width:65px"></div></td><td colspan="3" style="border-bottom:1.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:18pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">F</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">IRST</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">R</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">EPUBLIC</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:20pt;font-weight:400;line-height:100%">B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:100%">ANK</font></div><div style="padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">It&#8217;s a privilege to serve you</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%;position:relative;top:-4.2pt;vertical-align:baseline">&#174;</font></div></td></tr></table></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">EXECUTION VERSION</font></div></div><div><font><br></font></div><div id="ida506197bb45459c88c47eae1d73b0e0_4"></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">THIRD AMENDMENT TO MULTI-DRAW TERM LOAN AND SECURITY AGREEMENT</font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">This</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">THIRD AMENDMENT TO MULTI-DRAW TERM LOAN AND SECURITY AGREEMENT (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amendment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) is entered into as of October 20, 2022, by and between FIRST REPUBLIC BANK (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) and HAMILTON LANE ADVISORS, L.L.C. a Pennsylvania limited liability company (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrower</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Recitals</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;A.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Borrower and Lender are parties to that certain Multi-Draw Term Loan and Security Agreement dated March 24, 2020, as amended by that certain First Amendment to Term Loan and Security Agreement dated as of September 30, 2020 and as amended by that certain Second Amendment to Term Loan and Security Agreement dated as of April 22, 2021 and as further amended, restated, supplemented or otherwise modified from time to time (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Loan Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  The parties desire to amend the Loan Agreement in accordance with the terms of this Amendment.  </font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Agreement</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;Now, Therefore,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt">Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.1.1  Advances.  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Subject to the terms and conditions of this Agreement, (i) on the Effective Date the Lender shall advance $0 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Initial Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;) to Borrower and (ii) from the date hereof through the Conversion Date, Borrower may request additional advances (each, an &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Additional Advance</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; and, collectively and with the Initial Advance, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Advances</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;). The Initial Advance and each Additional Advance shall not exceed the lesser of&#58; (i) $100,000,000 in the aggregate and (ii) the Term Loan Availability Amount (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility III</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  After repayment, no Advance may be reborrowed. Borrower shall make interest-only payments from the date of each Advance through, but excluding, July 1, 2025 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Amortization Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).  Beginning with the payment due on the Amortization Date, Borrower shall repay the Advances (i) on the first calendar day of each calendar quarter in installments of principal as set forth in Schedule II hereof plus (ii) monthly payments of accrued interest.  All unpaid principal and interest on each Advance shall be due on July 1, 2030 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Maturity Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">To obtain an Advance, Borrower shall notify Lender by delivering to Lender the Payment&#47;Advance Form attached as </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Exhibit&#160;B</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> by facsimile or electronic mail in portable document format (PDF) by 12&#58;00 p.m. Pacific time on the Business Day before the Business Day that the Advance is to be made.  Lender will credit Advances to Borrower&#8217;s deposit Account with Lender, as defined in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 2.2(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Lender may make Advances under this Agreement based on instructions from a Designated Representative or his or her designee.  Each request by Borrower for an Advance shall constitute a representation and warranty by Borrower to Lender that, after giving effect to each Advance, the aggregate outstanding amount of all Advances will not exceed the lesser of (i) $100,000,000 and (ii) the Term Loan Availability Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Loan Line</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221;).</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 2.2(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(c)&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Interest Payments</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">.  Interest due on the Advances is payable in arrears on the 10th calendar day of each month. After an Event of Default, Lender may debit Borrower&#8217;s Account, as </font></div><div style="height:79.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58;&#160;03-210690058-0109</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:128.88pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">defined in 2.2(d), for principal and interest payments owing or any amounts Borrower owes Lender. Payments received after 12&#58;00 noon Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 4.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.1&#160;&#160;&#160;&#160;Grant of Security Interest. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower grants to Lender a continuing security interest in the Collateral to secure all Lender Obligations and performance of Borrower&#8217;s duties under the Loan Documents. Except for Permitted Liens and subject to Permitted Perfection Limitations, Borrower shall cause Lender to have a first priority security interest in the Collateral. If this Agreement is terminated, Lender&#8217;s lien and security interest in the Collateral will continue until Borrower fully satisfies its obligations under this Agreement (other than indemnities that are unliquidated and survive termination). If Borrower shall, at any time, acquire a commercial tort claim in excess of $1,000,000, Borrower shall promptly (but in any event no later than the date that the next Compliance Certificate is required to be delivered pursuant to Exhibit A) notify Lender in writing of the details thereof and grant to Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to Lender. Borrower authorizes Lender to file financing statements with all appropriate jurisdictions as Lender deems appropriate in order to perfect or protect Lender&#8217;s interest in the Collateral.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 5.4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.4&#160;&#160;&#160;&#160;Litigation. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Except as disclosed in writing to Lender, there are no actions or proceedings pending by or against Borrower, that would reasonably be expected to result in a judgment in excess of $5,000,000.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 5.9</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.9&#160;&#160;&#160;&#160;Regulatory Compliance. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Borrower is not an &#8220;investment company&#8221; or a company &#8220;controlled&#8221; by an &#8220;investment company&#8221; under the Investment Company Act of 1940. Borrower is not engaged as one of its important activities in extending credit for margin stock, and no part of any Advance shall be used to fund a &#8220;purpose credit&#8221; (as defined under Regulations of the Federal Reserve Board of Governors). Borrower has not violated in any material respect any material laws, ordinances or governmental rules. Borrower has timely filed all required material federal, state and local tax returns and paid, or made adequate provision to pay, all material taxes, except those being contested in good faith with adequate reserves under GAAP. Borrower has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all government authorities that are necessary to continue its business as currently conducted, except where the failure to do so would not reasonably be expected to result in a Material Adverse Change.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 6.2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.2&#160;&#160;&#160;&#160;Financial Statements, Reports, Certificates.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Deliver to Lender (i) a reasonably prompt report of any legal actions pending against Borrower that would reasonably be expected to result in damages or costs to Borrower of $5,000,000 or more&#59; (ii) prompt notice of the occurrence of an Event of Default&#59; and (iii) such other information Lender reasonably requests in writing.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 8.7</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="height:79.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58;&#160;03-210690058-0109</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:128.88pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.7&#160;&#160;&#160;&#160;Judgments.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> If a money judgment(s) is rendered against the Borrower (to the extent not satisfied, bonded, stayed or appealed for a period of 60 days after the entry thereof (it being understood that no Advances will be made before such judgment is stayed or satisfied)) and the aggregate amount of such judgment(s) (the &#8220;Judgment Amount&#8221;) is (a) less than $40,000,000 and the difference between the Judgment Amount and the amount of insurance coverage with respect thereto (if any) is greater than $5,000,000 (the &#8220;Insurance Gap&#8221;) (provided, that to the extent the Insurance Gap is less than $5,000,000, the Lender shall have received proof of such insurance in form and substance reasonably acceptable to the Lender) or (b) the Judgment Amount is in excess of $40,000,000&#59;</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:28.5pt;text-decoration:underline">Section 8.8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.8&#160;&#160;&#160;&#160;Circumstances Affecting Fund or General Partner.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> If any Fund fails to receive 90% of its Capital Contributions within 10 Business Days of the date when such Capital Contributions are due and such failure would reasonably be expected to result in a loss of more than 10% of Borrower&#8217;s aggregate Management Fees as of the end of the fiscal year in which such failure occurs&#59;</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Section 8.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby amended and restated in its entirety to read as follows&#58;</font></div><div style="text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8.10</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility I&#59; Facility II&#59; Facility IV.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  If an Event of Default occurs under Facility I, Facility II or Facility IV.</font></div><div style="padding-left:36pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The last paragraph of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Section 11</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> of the Loan Agreement is hereby deleted in its entirety. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Each of the following definitions are hereby incorporated in Section 13 of the Loan Agreement in the appropriate alphabetical sequence&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility IV</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Multi-Draw Term Loan and Security Agreement dated as of October 20, 2022 (as amended, restated, supplemented and&#47;or otherwise modified from time to time), between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Term Loan Availability Amount</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means an amount equal to $325,000,000 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> an amount equal to the aggregate outstanding Credit Extensions under Facility I, Facility II, Facility III and Facility IV.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Each of the following definitions from Section 13 of the Loan Agreement are hereby amended and restated in their entirety as follows&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">ERISA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Employee Retirement Income Security Act of 1974, as amended, and its regulations.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Facility II</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means the Revolving Loan and Security Agreement dated as of August 23, 2017 (as amended, restated, supplemented and&#47;or otherwise modified from time to time), between First Republic Bank, as the lender, and Hamilton Lane Advisors, L.L.C., as the borrower.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; means all reasonable, audit fees and expenses and reasonable and documented costs and out-of-pocket expenses (including attorneys&#8217; fees and expenses) for preparing, negotiating, administering, defending and enforcing the Loan Documents for Facility I, Facility II, Facility III and Facility IV (including any of the foregoing incurred in connection with any appeals or Insolvency Proceedings).</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lender Obligations</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8221; are any Obligations owing to Lender hereunder and under the other Loan Documents and, as applicable in respect of Facility I, Facility II or Facility IV, including debts, principal, interest, Lender Expenses and other amounts Borrower owes Lender now or later in respect of the Loan Documents and, as applicable Facility I, Facility II, or Facility IV including Contingent Obligations, </font></div><div style="height:79.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58;&#160;03-210690058-0109</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:128.88pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">cash management services, letters of credit and foreign exchange contracts, if any, interest accruing after Insolvency Proceedings begin.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">14.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Exhibit A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> to the Loan Agreement is hereby amended and restated in its entirety as follows in the attached Exhibit A.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt;text-decoration:underline">Exhibit D</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> to the Loan Agreement is hereby amended and restated in its entirety as follows in the attached Exhibit D.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">16.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">The Loan Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of any party under the Loan Agreement, as in effect prior to the date hereof.  Borrower ratifies and reaffirms the continuing effectiveness of all promissory notes, guaranties, security agreements, mortgages, deeds of trust, environmental agreements, and all other instruments, documents and agreements entered into in connection with the Loan Agreement in each case as amended to date, including any amendments made substantially concurrently with this Amendment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">17.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">Borrower represents and warrants that the representations and warranties contained in the Loan Agreement are true and correct as of the date of this Amendment and that, upon execution and delivery of this Amendment, no Event of Default has occurred and is continuing.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">18.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">This Amendment may be executed in counterparts, each of which shall constitute an original, and all of which together shall constitute one and the same agreement.  A signed copy of this Amendment transmitted by a party to another party via facsimile or an emailed &#8220;pdf&#8221; version shall be binding on the signatory thereto.  Notwithstanding the delivery of the faxed or emailed copy, the Credit Parties agree to deliver to Lender original executed copies of this Amendment.</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">19.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.5pt">As a condition to the effectiveness of this Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.34pt">formal credit approval by First Republic Bank&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:23.78pt">this Amendment duly executed by the Borrower&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;padding-left:24.91pt">such other documents, and completion of such other matters, as Lender may reasonably deem necessary or appropriate.</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#91;Signatures on following page.&#93;</font></div><div><font><br></font></div><div style="height:79.92pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58;&#160;03-210690058-0109</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="ida506197bb45459c88c47eae1d73b0e0_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">IN WITNESS WHEREOF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">BORROWER&#58;</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Atul Varma</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Atul Varma</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Chief Financial Officer</font></div><div style="height:73.44pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane Advisors</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Third Amendment to Multi-Draw Term Loan and Security Agreement (Facility III)</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="ida506197bb45459c88c47eae1d73b0e0_10"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:24pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">LENDER&#58;</font></div><div style="margin-bottom:24pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FIRST REPUBLIC BANK</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Scott Aleali</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name&#58; Scott Aleali</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title&#58; Practice Leader</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">FRB &#8211; Hamilton Lane Advisors</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Third Amendment to Multi-Draw Term Loan and Security Agreement(Facility III)</font></div></div></div><div id="ida506197bb45459c88c47eae1d73b0e0_13"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT A</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender (a) annual financial statements (including balance sheet and income statements) for Hamilton Lane Incorporated, which financial statements shall be audited by Ernst &#38; Young LLP or other independent certified public accountant reasonably acceptable to Lender and (b) company-prepared annual financial statements (including balance sheet and income statements) for Borrower, in each case within ninety (90) days after the end of each of Borrower&#8217;s fiscal years.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">   Borrower shall deliver to Lender annual financial statements (including balance sheet and income statements) within one hundred eighty (180) days after the end of each Fund&#8217;s fiscal years for such Fund (in each case, to the extent such Fund accounts for 5% or more of Borrower&#8217;s aggregate &#160;revenue as of the end of the most recently completed fiscal year, and with respect to all other Funds, upon the request of the Lender), which financial statements shall be audited by an independent certified public accountant reasonably acceptable to Lender.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Interim Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall deliver to Lender company-prepared quarterly financial statements (including balance sheet and income statements) within forty-five (45) days after the end of each quarter referenced below certified by Borrower&#8217;s chief financial officer or another officer or representative acceptable to Lender.  Quarterly financials shall be delivered for the first three (3) fiscal quarters.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Compliance Certificate. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Within forty-five (45) days after the end of the first three (3) fiscal quarters and  ninety (90) days after the end of each of Borrower&#8217;s fiscal years, deliver to Lender a Compliance Certificate signed by a Designated Representative in the form of Exhibit&#160;D. </font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Other Financial Statements.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Upon filing of any financial statements or reporting as required to be publicly filed by Borrower, a copy of such financial statement or reporting.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Flexibility Actions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall give written notice to Lender of any Flexibility Action promptly after such Flexibility Action is taken.  Any Flexibility Action taken by Borrower will be deemed a representation by Borrower that the conditions precedent therefore were satisfied.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Annual Management Fees.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, as at each March 31 and September 30 (each a &#8220;test date&#8221;) have collected for the six-month period ending on such test date, on a consolidated basis, Fund Management Fees, of at least the greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six-month period, tested semi-annually.</font></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">8.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:30pt">Minimum Adjusted EBITDA.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall, (i) prior to the testing period ending on March 31, 2023,  maintain a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $50,000,000 and (b) an amount equal to 80% of the trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, tested semi-annually&#59; (ii) for the testing period ending on March 31, 2023, maintain a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least $65,000,000 and (iii) for each subsequent testing period, maintain at least a minimum trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">minus</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> dividend </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2023, and continuing on each subsequent March 31 and September 30.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">9.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:28.5pt">Minimum Tangible Net Worth.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> Minimum Tangible Net Worth shall be greater than or equal to the amount set forth in the column &#8220;Tangible Net Worth&#8221; as at the end of the applicable fiscal year.</font></div><div style="padding-left:123.75pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:47.115%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:56.043%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fiscal year</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Tangible Net Worth</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2023</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$320,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2024</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$350,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$385,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2026</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$420,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2027</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$460,000,000</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2028</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$505,000,000</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2029</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$555,000,000</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">No Additional Indebtedness.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Without the prior written consent of Lender, Borrower (a) shall not directly or indirectly incur Indebtedness for borrowed money excluding (i) debts as of the date of this Agreement that were previously disclosed in writing to Lender (other than those that are being paid substantially concurrently with the funding of the Loan), (ii) other borrowing from Lender, including for the avoidance of doubt Facility I, Facility II and Facility IV, (iii) unsecured debt incurred in the normal course of business and for the avoidance of doubt, (iv) purchase money debt and capital leases in the ordinary course of business, and (b) shall not directly or indirectly make, create, incur, assume or permit to exist any guaranty of any kind of any Indebtedness of any other person during the term of this Agreement, excluding any guaranties as of the date of this Agreement previously disclosed in writing to Lender.</font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">11.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;padding-left:23.5pt">Notification of Transfers.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">  Borrower shall notify Lender within 30 days of any transfer of Partner&#8217;s interests in any Funds whose Capital Commitment which would result in a loss of more than 10% of the Borrower&#8217;s aggregate Management Fees.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="ida506197bb45459c88c47eae1d73b0e0_16"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%;text-decoration:underline">EXHIBIT D</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">COMPLIANCE CERTIFICATE</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">TO&#58;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;First Republic Bank&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Date&#58;  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="padding-right:-18pt"><font><br></font></div><div style="margin-bottom:12pt;padding-right:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FROM&#58;  &#160;&#160;&#160;&#160;Hamilton Lane Advisors, L.L.C. </font></div><div style="margin-bottom:6pt;padding-right:-49.5pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The undersigned authorized officer certifies on behalf of Borrower that under the terms and conditions of the Multi-Draw Term Loan and Security Agreement, dated as of &#91;&#93;, 2022, between Borrower and Lender (the &#8220;Agreement&#8221;), (1) Borrower is in complete compliance for the period ending _______________ (&#8220;Reporting Period&#8221;) with all required covenants&#91;, including the covenants set forth on </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Annex A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> hereto,&#93;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> except as noted below, (2) there are no Events of Default, (3)&#160;all representations and warranties in the Agreement are true and correct in all material respects as of the end date of the Reporting Period, except as noted below.  Attached are the required documents supporting the certification.  The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes.  The undersigned acknowledges that no Advances may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement.  Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.597%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.469%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.989%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Please indicate compliance status by circling Yes&#47;No under &#8220;Complies&#8221; column.</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="9" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Reporting Covenant</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:9.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Internally prepared financial statement </font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:15.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Quarterly within 45 days (other than Q4) </font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Borrower)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 90 days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Annual financial statement (Funds)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">FYE within 180 days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Partnership interest transfer (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10% aggregate Management Fees)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Within 30 days from transfer</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">List of Capital Contributions delinquent for more than 30 days (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">&#62;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$5,000,000)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Promptly</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Compliance certificate</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#91;Annually&#93;&#91;Quarterly&#93; within &#91;90&#93;&#91;45&#93; days</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Flexibility Action taken&#63;  Yes   No</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">If Yes, provide amount&#58;&#58; $&#91;__________&#93;</font></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Under Flexibility Cap&#63; Yes   No</font></td></tr></table></div><div style="padding-right:-18pt;text-align:justify;text-indent:-360pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:124%;text-decoration:underline">Affirmative Covenants (Section 6)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:124%">                                                                                                                      </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:1.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 6.6) Maintenance of operating and depository accounts with Lender</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other affirmative covenants in Section 6 are satisfied. If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:124%;text-decoration:underline">Negative Covenants (Section 7)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:124%">                                                                                                                           </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:1.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:124%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Section 7.4) No Encumbrances</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All other negative covenants in Section 7 are satisfied.  If No, provide information on separate page.</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div style="padding-right:-49.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:82.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">LOAN NO.&#58; 210690058-21579602</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.016%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-2.65pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">Representation Confirmations (Section 5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">                                                                                                         </font></div></td><td colspan="3" style="border-left:1pt solid #6d6d6d;border-right:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">Complies</font></div></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.2) Any Amendment&#47;Modifications to Charter Documents </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies.</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:1pt solid #6d6d6d;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.4) Any Litigation </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Section 5.9) Any Regulatory issues</font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If Yes, attach copies and summary</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">no changes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Schedule to Multi-Draw Term Loan and Security Agreement </font></div><div style="padding-left:2.75pt;padding-right:-15.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">prepared on the Effective Date.  If Yes, provide information on separate page.</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes   No</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">HAMILTON LANE ADVISORS, L.L.C.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;  Hamilton Lane Incorporated, its managing member</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;By&#58; __________________________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Name&#58;________________________________</font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Title&#58; ________________________________</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:124%">FOR INTERNAL LENDER USE ONLY. </font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:124%">Explain action taken with respect to Borrower&#8217;s non-compliance with any of the above Covenants.   __________________________________________________________________________________________________________________________________________________________________________________________.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Signature of &#91;BB or delegated representative&#93;&#58;   ___________________________    Date&#58; __________________</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </font></div><div><font><br></font></div><div style="height:82.8pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:46.701%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div><div id="ida506197bb45459c88c47eae1d73b0e0_19"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">ANNEX A TO COMPLIANCE CERTIFICATE</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.584%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Financial Covenant</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Required</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Actual</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Complies</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Annual Management Fees</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Greater of (a) $140,000,000 and (b) an amount equal to 80% of the collected sum of contractually based Fund Management Fees, for the immediately preceding six month period (semiannual)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">No Additional Debt</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Adjusted EBITDA less dividends (other than tax dividends)</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Prior to 3&#47;31&#47;2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Greater of (a) $50,000,000 and (b) an amount equal to 80% of the trailing six-month Adjusted EBITDA sum, for the immediately preceding six-month period (semiannual)</font></div><div style="margin-bottom:3pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Subsequent to 3&#47;31&#47;2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#58; Greater of (a) $65,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA sum, for the immediately preceding six-month period (semiannual)</font></div></td><td colspan="3" style="border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Minimum Tangible Net Worth</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$_____</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Yes    No</font></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="border-bottom:1pt solid black;margin-bottom:5pt;margin-top:10pt;width:150pt"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> To be included only for Compliance Certificates delivered for the periods ending on March 31 and September 30.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">USActive 58225367.5</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:43.108%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">US.353254068.01</font></div><div><font><br></font></div></td></tr></table></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>6
<FILENAME>hlne-20221020.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:48f2a2ea-3c72-41ec-8018-21435e3ce2b6,g:cef34065-9c72-49a6-be35-d25c9c9e8c90-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:hlne="http://www.hamiltonlane.com/20221020" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.hamiltonlane.com/20221020">
  <xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2022" schemaLocation="https://xbrl.sec.gov/dei/2022/dei-2022.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="hlne-20221020_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="hlne-20221020_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="CoverPage" roleURI="http://www.hamiltonlane.com/role/CoverPage">
        <link:definition>0001001 - Document - Cover Page</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>7
<FILENAME>hlne-20221020_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:48f2a2ea-3c72-41ec-8018-21435e3ce2b6,g:cef34065-9c72-49a6-be35-d25c9c9e8c90-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_EntityCentralIndexKey_f7a075cf-d332-427c-b3e3-cdf52ceabff2_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine2_17bfd199-d19c-45b4-9c97-9a14c1c8aeeb_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line Two</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine2_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine2"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine2" xlink:to="lab_dei_EntityAddressAddressLine2" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_955a1853-7c5f-436c-8ee0-58844fe4c40c_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_37a4c684-521a-4192-8689-664655acf1c6_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_946906fd-d646-4969-893b-0883526dece6_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_793e56b7-1bc8-48fd-85d5-cfb45b8c4b9e_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_c923e0b9-f0de-4b7e-ab6a-907621e58329_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SolicitingMaterial_2e78c3f5-6348-46c3-9b43-b4d4ebb185f7_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_294fd1eb-3c32-4e72-8f7a-1c03f701d1c7_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_f448921b-5d9b-48d3-bf71-e939c2f018af_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_b4825b0e-73ee-4811-928c-d0ceb37c57be_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_76fc11ed-9a01-4522-a730-4021af53eee3_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_WrittenCommunications_ebce6595-f42c-43b6-ab72-75b3292f0679_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_73a1d7e9-6c54-43ef-88e4-5b8717bff4f0_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_ee293089-3000-4be9-bf28-effa1d41ce4e_terseLabel_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_755bbcc9-6170-445d-9c12-f5a04a8d33b3_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_d497cb11-6ba5-4a94-ba0b-76181ba468a5_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_e462370e-b49b-4b67-a9bc-40654349799d_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_9b6e8c55-7b52-4fa4-bb52-4d5d36b6d218_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_9dc39c25-a502-43ec-a777-27cd630f052a_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_361c06da-6875-4951-a5f4-eefffe2c50a9_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_1544e507-e143-4676-90ed-25eaeb12cd8e_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_084e1f16-2583-4f72-8b33-9ec724d11869_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_573d2bf0-61d7-4185-abbd-34cc561bdc72_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>8
<FILENAME>hlne-20221020_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:48f2a2ea-3c72-41ec-8018-21435e3ce2b6,g:cef34065-9c72-49a6-be35-d25c9c9e8c90-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.hamiltonlane.com/role/CoverPage" xlink:type="simple" xlink:href="hlne-20221020.xsd#CoverPage"/>
  <link:presentationLink xlink:role="http://www.hamiltonlane.com/role/CoverPage" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_a6496ada-ae7c-4014-9447-a24e90bac3b0" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_DocumentType_a6496ada-ae7c-4014-9447-a24e90bac3b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_e0ba8596-2895-4de1-b6b2-9e5ac50006e7" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_DocumentPeriodEndDate_e0ba8596-2895-4de1-b6b2-9e5ac50006e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_98899a22-4005-4c77-95f7-84063492e655" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityRegistrantName_98899a22-4005-4c77-95f7-84063492e655" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_b6524f9b-d89e-467d-ba84-a55bdb265616" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityIncorporationStateCountryCode_b6524f9b-d89e-467d-ba84-a55bdb265616" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_e6fe81c2-16b8-44f3-b98f-21162676b542" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityFileNumber_e6fe81c2-16b8-44f3-b98f-21162676b542" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_5ca2a842-81eb-484a-a4fe-f142433ee056" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityTaxIdentificationNumber_5ca2a842-81eb-484a-a4fe-f142433ee056" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_d687eb55-3f5b-4dce-bdc1-d28fbf65f777" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityAddressAddressLine1_d687eb55-3f5b-4dce-bdc1-d28fbf65f777" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_4d93e131-1bfc-4824-89bb-c4e5a899abfb" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityAddressAddressLine2_4d93e131-1bfc-4824-89bb-c4e5a899abfb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_a78b55a3-047d-412c-86f9-8e8ddd8c6a16" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityAddressCityOrTown_a78b55a3-047d-412c-86f9-8e8ddd8c6a16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_971a5740-a9ae-4516-bf90-788e4744125c" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityAddressStateOrProvince_971a5740-a9ae-4516-bf90-788e4744125c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_41c6647d-f03a-442e-9693-4296ddb61b51" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityAddressPostalZipCode_41c6647d-f03a-442e-9693-4296ddb61b51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_578a8fb3-fdc2-4c63-b250-370a08d1517a" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_CityAreaCode_578a8fb3-fdc2-4c63-b250-370a08d1517a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_99b4ebbd-0cde-4ff1-a322-73feb587fbaf" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_LocalPhoneNumber_99b4ebbd-0cde-4ff1-a322-73feb587fbaf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_d2fcd814-509d-432a-936b-825f7c49d2c9" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_WrittenCommunications_d2fcd814-509d-432a-936b-825f7c49d2c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_47cba375-870b-43cb-8cfa-f6e9dc8f94f8" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_SolicitingMaterial_47cba375-870b-43cb-8cfa-f6e9dc8f94f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_0023face-96e0-4456-a72b-c27469d779b7" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_0023face-96e0-4456-a72b-c27469d779b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_0e177fcf-fd96-4dfa-8658-34767173be4d" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_Security12bTitle_0e177fcf-fd96-4dfa-8658-34767173be4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_0568bea6-28e0-4444-bb2c-db8d214559f2" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_TradingSymbol_0568bea6-28e0-4444-bb2c-db8d214559f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_04f34ab3-82a2-4c8e-8e95-577acb758201" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_SecurityExchangeName_04f34ab3-82a2-4c8e-8e95-577acb758201" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_bfcb9e1b-5277-405f-8483-69dd1e96e5a3" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityEmergingGrowthCompany_bfcb9e1b-5277-405f-8483-69dd1e96e5a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_f38935e1-ae66-4b22-914f-43007b88177e" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_EntityCentralIndexKey_f38935e1-ae66-4b22-914f-43007b88177e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_10452e35-9c11-43d4-8d9d-6007dfc21f08" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_AmendmentFlag_10452e35-9c11-43d4-8d9d-6007dfc21f08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_7d6029f4-8ab0-4a82-a8db-e91df59e0c71" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_6cd48f65-e398-436d-b153-c03ebf0e65d3" xlink:to="loc_dei_PreCommencementTenderOffer_7d6029f4-8ab0-4a82-a8db-e91df59e0c71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image_0b.jpg
<TEXT>
begin 644 image_0b.jpg
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M:V+^]'R=IEI+BPC<;P>Y=^\R%^U3O S5-SH_K1P ;%%G+</\\Y^SN0BS']-
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M4RP=V(Q5P?(?KF0(K2L2!>W%PJ"2REMB.M:&3R^AD3/,D^:8/^():\NV/+K
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MXU:ZJ_!NM_]8.BM=!!./K5-(^HEXR6>Q@3E"]JUV:QM[.94N#  O6K+]Q3'
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<HPL#X)J@_P=\O ;\<U KMP    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>image_0c.jpg
<TEXT>
begin 644 image_0c.jpg
MB5!.1PT*&@H    -24A$4@   (    !^" (   !CQ([U   6D$E$051X7NV=
MB7+<1I*&YQG 0]1!'99E>^R=F(W9]W^2W9V=\8QDW:<MB:3(VA_Y=?U,H@FP
M&T0W*8H9%1UH-(Y"_GE7%?I/910=[!\<'AYJX\O!%[7NS]>T,/VIN^,LVON\
M]\?O'TM@\.+Y*W9J^\1!U[0P+0V Z,/[W_/7HZ.CSY_V\IYK6IR6!N#=V_<E
MB?R;UV]/_'Q-2]+2 -R\O0L&^WO[^GS[YIT^/_[QJ7/8-2U(O0#(L+"!L(O=
M,OU;-W::S2TU[9'9 0,=H VY8MSR[Q_^*.&<N0C7L=,NX46\?4V] ,!W,4O-
M<8Y8?_/.+@"(/GW\K$]\,J=TW(-(O.8P;>@ZU^ZZ0[T (*3PKE0Q%^LW-K<W
MMF[HJX!Y_>HMAVG_JY=O.-+FR+S^[<FS4G4"TKG>_L:I%X!2V213(QAD]\5K
M[,_F]HZY"9?1"3%:]D>'"2H,D>T85\-2><\UE6$ "/,ET=AZT?;.35LA6QOQ
M=.?6;=LE2)B)XX+GUW\^+M4QE(#A&H-,O0 0ZHA?<KP29$4[XJ:X#*_OW+N/
MZ9>\ZU=[YK__[S] R[8+RJIPG3QGZ@6@A/&Y<?-8M&WN;]R\Q4Z[7WV]M7L7
MS,Q<_4J"]C___?<2Z1M6B%^O"1H"0/R"W7C@$DS4'CGAV'];UDFHB,MH@)IC
M5DXO@8T.-2K\= V#:0@ V0V$'7G'C,!0Q4*;VS=\I" A16"G^.M('\"(FDI-
M"*Z#4=,0 &C #[_\19^4'"3L.[?O (EX#3 EN*S&3[!>RB$W("3D+0RA?KK.
MF3LT!(#H]NX]1+@$^\10>6/40NR6'B#+"DR;< /ZU"G9 W.Z7#<>HD1P=5V\
M,_4"@(-%>#'Z+C[+^N.<A40)@]-J1D1'8"#5<8E4!X'6M>4YE7H!*&&O'6+>
M?? PQSRR/W!<#7EGFR/%=([$B$E1^(D])4S9[![?/ T! &=MQ!%J[90X(]?*
MR,@2G WX8)M[ P, HL?__BW?Y1NG7@!>OVJ][JN7;[#O3:1@_$11" R:&N24
MRFMERVHEQ)SJA5!QJOS\V<MRLB[TC5,O !!F1V)N,X*\B[GBL@R1X $8[=&V
MP*!< ;MA-%]W[S^X'KV9IUX B.O9MFB;LS(O^HHKMG0C[U2*FIH34, 0-OHJ
M%+%+?!(797]PE1*T]^\^E#I\.Q!]G W RQ>O2QMHWB 6(OQ7M*,;F-WH!R<V
M$8E6#';80],54"D!D*M#XKO:U4@17'8L%8-2JSBG4B\ I3*.;<0?1EO&V1!4
M8K0!XR<=;ZOUW0\_L:%CM!\Q%P#BN+MXE4CRKF9[ZP3H5.H%@ CRYNU9Y5E<
MDZD!!MQO.(!6&V"TMK=WV@1-G[?OSF*A!X]^Q$ 9#'2B0W+U*(1+W%\U=>0]
M%V;FJ1> $OFMFK(M B$S4:8??PL8\J[^">/#\< 0P-RLE:+C(65GRX1;$IFK
MH0W9!"EU=1'S^(B3- 0 5C[8US88ZG'YW?O?H0%NZ =Z0$/\X;L^B5"E51Z2
M_!#E52IT9=!9?5TDOA-PGYER]@* MW0UE("'/(OHLTG.0+]*(6QY[C]\9 PX
M1GNL)1PO=.F< /,=!U3U*R*>B])92:[X5.H%H-0+P7'S#C[JD[*/$:*=.#)L
M5%.KI/%K:[B(1XFCN+YV[E^AX6*,:HE'0Z0&!*L7 ,LCLM^Q-N=O8GJN51P&
M<6M;3%ND;%@O#W5D_+!6&ZE:\EPGSSB%>@$P4>0)5]Q*[CPKQS6G=:@%]3L]
MB6$@,[C,$UA.31N1GJ8: +:[!R7J!4 /KTC6L4I30]*I&LY<ZN6J*C=BKJ/M
MIA[R<GIF,=H=@^D'=>!6J6N49&ZAN.+;@"ON!<!D&9Q0_&EB/Z ^_/'/N?)1
MTE3&KV(*!?P5]\5T.S8>QQM]U N 4&6RFV!D,D^.+\_?#">L!XGR]:P_4"?%
M(BP$623\*<%T<M52QZ-.GGJ">@$H@4%VXN+"M*Z8.,IE[;L/'I*^VPE#'ER[
M;(18T#=RIN(*PIU=?FHB&1I0XB$ 2KT'(^RE7GV25@L8Y&BSQ$+:\+6L/_@0
MTYQ*<%DBLGO_ <_E0F1)XC\0Q?4"@!T0W_&*3/HLJ;0Y20,&(J)9<O=5K3^@
M>QYY=:U%J8]V:H_$OZ/0'>H%H(^P0KKP1DR3#L9-:9>:$!F7YZ +!(!2&G8&
MO<2>J'N23J8E-*DH4*LO,YU6F%<&9X,O#8 ZA-C66EL[TC+/Q-$-Q\"]4/,+
M=P#PW7,2GO[VG TSO8D\*88(6Z:[2B9MUIYA*[HT "7 EZ5S:7K:_*"I%JFD
MH>-A+5X#@8&3Q(-8BM($KST/@>:80D8"/$Y<:(Z6!@!>< \[G,F;E(S@Y\)9
M?Q@+>]!"?6(,^0JOG4C*[B/XVJ/^VP/K04[-F:&E >C,>L/[=TIRYVE1K=O1
M%25!3BR/;W\1Q",[*#<UM?:N/N,.8YQ\)OB;[5!*ZP"&:6D .I2CR4D:M;\F
M=+E<J/N%).RX4(*"_3H-4/&/[(^[C2"Z "S;@#80@(X)0X?IV=,7; 3+VHAH
MGI6C&X44MDL\<V>YQ_I)D;&<L->D-#7LH9:%&U 20U9OH5PD@1\#@*^KKJA/
MQ"T3-L8/K,@7ZP;D !S_:%NRW I<72'A/CL2X2<>H02OALM92P. 32 !P49+
M.K@][LAX;,9HL+MXSE9J-.W\8!'Y.C]U[D)U82#RMF8T:1G= "T- .38EOX)
M V[O$6-M9 &9I/GN(#&0W4Q+N $#[Y'7@<88;3DY/>M46AH 2A]YCZ^.WMW[
M[GOW8T(-D%=@F+N$!\(K# ^W3D4H.J;_S!:2=^S SJ2E ;!*OGC^RBDB]6HY
M'P*#F+<RB\PF;-QWD>EF$Y+UK GF=BJXIS:<,&<)/'5X2A]0TB")1T$A;H]]
MS)^3-'ECW0ZDN9T58J7DS,N!V2*FE0Q &4S'6LS3&  .ZMA;J?(HGRS6R DS
M;AP;DV4&;C*^3!7030<BZ\D)Q^L)EL-1'S7*4E_0H'.=29Q*8P HH9@?TPKZ
MPSH_X/6KMTUUQ2PBF^_B>5KNPWY,Z<U[5D$28>E<I]XU\%P>%RLUA1Y.8I8&
MP*)GXV,GG$?PHYPPI1(85.DUUG\]55(PI@\U01FRJ_H5LP-_!N(?:&D ^D@*
M84C<FVG]<!ZXWUO!HGMPW8LW])23K)]O,?QR_'0N37>N>29-!D"IR8&7@#6A
M!_-=']?TP)V'' @M1A!7RR\5*?W<=Y<HPQ!MYY&,Q6DR #I!X9/'3Z<U05:F
M[W_ZV7/_)B>**X)!"DU@/=\3MUH":KF?WV.U%$T& .2))&56ISL[8EN\>8ZI
MW>^$B9CLY[RWG._#?)/@>TA@1'5D,@#<>X8OY(BF'2DSEK=W[Y65E4@E0!@?
M7?PL9WNBUB(8NM=:C"8#H$2G_4H)/J=UPDV"X<P$9P3MUQ=]I=L-#30IXIP-
MR&QNZUQ>3;4L30D =!#KZW$)\YT>W3"U,>PWBX5DK"=4 M><FYET#[&>AHK(
M$\Q?9'&:# "B" ]@,:([7#-9JK7#?N$2\>TCK.V9Q%1,CW/I1@,:[.5 )1[6
MTRD[USR3)@.@I.6 Z@U=21V=+1/;3JLG1S3;Y7*.T4I.),7-L:RLOZ^/Z#B0
MVZRS;_($63T(U^'<<6'QE "\??,NUSV>/7UQ]\%#>D^/L>";==+2LLT//R[B
MAHYB0I6_(KE<]N>__JT)*[?5KHF;]3"/+Q&&(5(\B[U=&1L73 : \U(Z@93]
M]N19*_)I^5A^I*6:0SVW_5&KFN XR@KC&&7DFED[0U!:J6^972?@@ &"Q045
M..F1_=K496DR !R6N%+M#5O2X<!ND:;G%Q);=398[L#B1*@FKB$K7/G1GW]I
MKU]AUBWL8W,'/ .E5(WW9<>51B8#H-25!/ZJ_GV(N323 &"GQU<N-2(8-9OV
MT^O4<L/^N*N8FK;&/K,_;0>^Q.A\"=,/!J2$(_HS)0 6A]>OWCH>F,H$Y<85
M'GS_PT"=O8\H-GQ.+[]K8H8A%VQ.2DEVQ3?O[-99W&V]4P](01Y$4:81!=HI
M <@6F6V&!R9QPHZF^"KAA3O'MU^&<GS\TU_^VH1M\32WW,.HN)UP/Z5*NNLN
M#!.5459H,@ ZQ3B<L'9.%89R%I]<D^U\TP6IJ4)M7?38T69]!4,<T^INW&Z6
M[DJ/2^4R)L@V9T0& $T&P #Y@9M0]H'L9EP[J*_-=T$-=KBVO%]?E[$WN,('
M#ZSN461&2_#V;,/N<=%7'ZT# &DH3^@9*]D"G+/MU!>IY5?1R18KU+%9^%S_
M:V+^]'R=IEI+BPC<;P>Y=^\R%^U3O S5-SH_K1P ;%%G+</\\Y^SN0BS']-
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M4RP=V(Q5P?(?KF0(K2L2!>W%PJ"2REMB.M:&3R^AD3/,D^:8/^():\NV/+K
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MXU:ZJ_!NM_]8.BM=!!./K5-(^HEXR6>Q@3E"]JUV:QM[.94N#  O6K+]Q3'
M08FMYP5Y9WT/;T26E:&SLMV=7:<+\NK;[0KX5H&<3.1W^,X;G OTPQ<& .0D
M !B(6=N242K&W7_X2(PC:('%I=;U<LOF2PVY)NW@TY4UV1Q2$R<E5SD,[2-2
M@:.8*%B"*9D+[$14A8T'%8!! IO?$-="57VU5.?.O58#;L4_*AS%&[I]06]P
MZY(DX*+HP@ H*?:8+Y"5-$,+.74Z[8.9= 4?.S/=K"@EG6A>>[;6E_KNJS4,
MO/31A0&091PN6$AS3)+S.->.=(#92IWU,/WS>P[JN29[. 7 ^#,RUVC74/?O
<HPL#X)J@_P=\O ;\<U KMP    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.22.2.2</span><table class="report" border="0" cellspacing="2" id="idm140566124923664">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover Page<br></strong></div></th>
<th class="th"><div>Oct. 20, 2022</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Oct. 20,  2022<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Hamilton Lane Inc<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-38021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">26-2482738<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">110 Washington Street,<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 1300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Conshohocken,<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">PA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">19428<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">610<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">934-2222<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Class A Common Stock, $0.001 par value per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">HLNE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001433642<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>hlne-20221020_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="hlne-20221020.xsd" xlink:type="simple"/>
    <context id="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001433642</identifier>
        </entity>
        <period>
            <startDate>2022-10-20</startDate>
            <endDate>2022-10-20</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV80L2ZyYWc6MzM5ZjJiM2VjYjRlNDg5NDgxYWMwZjE4Mzg4NWZmMjMvdGFibGU6ZDYzYWE1MDdmMDVhNDJjNDk0M2M5MTM5ZmRlNTI3NjQvdGFibGVyYW5nZTpkNjNhYTUwN2YwNWE0MmM0OTQzYzkxMzlmZGU1Mjc2NF8wLTEtMS0xLTEwNjEwOQ_538f061c-828f-4c63-ba17-f673010a0bf8">0001433642</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV80L2ZyYWc6MzM5ZjJiM2VjYjRlNDg5NDgxYWMwZjE4Mzg4NWZmMjMvdGFibGU6ZDYzYWE1MDdmMDVhNDJjNDk0M2M5MTM5ZmRlNTI3NjQvdGFibGVyYW5nZTpkNjNhYTUwN2YwNWE0MmM0OTQzYzkxMzlmZGU1Mjc2NF8xLTEtMS0xLTEwNjEwOQ_cb02db19-e466-4722-9229-f680c586a58b">false</dei:AmendmentFlag>
    <dei:DocumentType
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjIy_b2df8b05-e9d5-4121-b421-16cdfdafcfc0">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8yMjY_47bcd57f-427e-42f3-9551-3d265f9475fb">2022-10-20</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjE4_0c145b6c-52d3-441b-b16b-dbcb24601bfd">Hamilton Lane Inc</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZWU5M2E0YzMzMjY2NDhiOWE4MThiNGM1MjdiMGY5NTcvdGFibGVyYW5nZTplZTkzYTRjMzMyNjY0OGI5YTgxOGI0YzUyN2IwZjk1N18wLTAtMS0xLTEwNjEwOQ_222d3966-4270-44e4-b095-fb061160425b">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZWU5M2E0YzMzMjY2NDhiOWE4MThiNGM1MjdiMGY5NTcvdGFibGVyYW5nZTplZTkzYTRjMzMyNjY0OGI5YTgxOGI0YzUyN2IwZjk1N18wLTItMS0xLTEwNjEwOQ_4164d8e0-85ef-43f1-9bfa-c4379efa0e9e">001-38021</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZWU5M2E0YzMzMjY2NDhiOWE4MThiNGM1MjdiMGY5NTcvdGFibGVyYW5nZTplZTkzYTRjMzMyNjY0OGI5YTgxOGI0YzUyN2IwZjk1N18wLTQtMS0xLTEwNjEwOQ_56126f1b-7dfd-480a-b94c-ca1d2f241d04">26-2482738</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18wLTAtMS0xLTEwNjEwOQ_4f7a30fd-4a5a-47cf-9df2-806bf7e03f14">110 Washington Street,</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18wLTEtMS0xLTEwNjEwOQ_5a3f80d7-9dec-4397-867f-6abfcd55d511">Suite 1300</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18xLTAtMS0xLTEwNjEwOQ_12108a75-2abd-44b2-8cdc-694407806ecc">Conshohocken,</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18xLTEtMS0xLTEwNjEwOQ_a69debb9-ab35-478d-8393-0f1b46b5c268">PA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6ZTI2ZmU5NDJkMDQ5NDhmZWE3OTg5NTVkNmQwM2I4MjMvdGFibGVyYW5nZTplMjZmZTk0MmQwNDk0OGZlYTc5ODk1NWQ2ZDAzYjgyM18xLTUtMS0xLTEwNjEwOQ_0f13f45e-1b5c-4c6b-9c5d-5087be95b939">19428</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjE5_fd09a7c8-acfe-47e4-950e-c26c07799616">610</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjIw_f319dc07-06cd-4d28-8818-0970e3fdff68">934-2222</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8wLTAtMS0xLTEwNjEwOQ_b74d5218-881e-4c87-8e5a-d86a26de85f3">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8xLTAtMS0xLTEwNjEwOQ_058801ad-b92c-4c45-86f6-453c211316fb">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8yLTAtMS0xLTEwNjEwOQ_89787889-f517-4e47-88da-9c3c1db2629c">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MzVkNDBlYjg4NmVlNDk1MjkwNzk5M2VhY2VjMzI1ZDYvdGFibGVyYW5nZTozNWQ0MGViODg2ZWU0OTUyOTA3OTkzZWFjZWMzMjVkNl8zLTAtMS0xLTEwNjEwOQ_4e19b30c-daa1-4c81-80ad-c38e3a7ec22f">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MmRiMzQ3ZGVhMTdmNDhlNmFmMDA3ZDE2NWU3YmI4MTYvdGFibGVyYW5nZToyZGIzNDdkZWExN2Y0OGU2YWYwMDdkMTY1ZTdiYjgxNl8xLTAtMS0xLTEwNjEwOQ_0c6d026e-b33f-4cde-b866-13981c0da94d">Class A Common Stock, $0.001 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MmRiMzQ3ZGVhMTdmNDhlNmFmMDA3ZDE2NWU3YmI4MTYvdGFibGVyYW5nZToyZGIzNDdkZWExN2Y0OGU2YWYwMDdkMTY1ZTdiYjgxNl8xLTMtMS0xLTEwNjEwOQ_7dcbef5b-a726-4870-b8a7-40dc6451f0be">HLNE</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGFibGU6MmRiMzQ3ZGVhMTdmNDhlNmFmMDA3ZDE2NWU3YmI4MTYvdGFibGVyYW5nZToyZGIzNDdkZWExN2Y0OGU2YWYwMDdkMTY1ZTdiYjgxNl8xLTUtMS0xLTEwNjEwOQ_6d227725-0d35-4fb4-b409-0beca39fa5df">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020"
      id="id3VybDovL2RvY3MudjEvZG9jOjc0OTU2NjNiMDUxZTQwYWU4Y2RjMzk1ZWM3MGVkZmNlL3NlYzo3NDk1NjYzYjA1MWU0MGFlOGNkYzM5NWVjNzBlZGZjZV8xL2ZyYWc6NzE5YjJhOGY4MDQ3NDZhOWI1MGEyZjJjNTJiMzFmZWIvdGV4dHJlZ2lvbjo3MTliMmE4ZjgwNDc0NmE5YjUwYTJmMmM1MmIzMWZlYl8xMjIx_d8b47d0e-3097-4ba4-8178-8bf89ef371bb">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>13
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M"H[<8R6,<6*T_C6"R0_L?@!02P,$%     @ G():51E%%?4W 0  )P(   \
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M>1<W]T6NS>,)KM\,<'AT_@%02P,$%     @ G():5660>9(9 0  SP,  !,
M  !;0V]N=&5N=%]4>7!E<UTN>&ULK9--3L,P$(6O$F5;)2XL6*"F&V +77 !
M8T\:J_Z39UK2VS-.VDJ@$A6%3:QXWKS/GI>LWH\1L.B=]=B4'5%\% )5!TYB
M'2)XKK0A.4G\FK8B2K636Q#WR^6#4,$3>*HH>Y3KU3.T<F^I>.EY&TWP39G
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M+GAM;%!+ 0(4 Q0    ( )R"6E4.2S<1[@   "L"   1              "
M :\   !D;V-0<F]P<R]C;W)E+GAM;%!+ 0(4 Q0    ( )R"6E697)PC$ 8
M )PG   3              "  <P!  !X;"]T:&5M92]T:&5M93$N>&UL4$L!
M A0#%     @ G():5:+.&\)B!   ,!$  !@              ("!#0@  'AL
M+W=O<FMS:&5E=',O<VAE970Q+GAM;%!+ 0(4 Q0    ( )R"6E6?H!OPL0(
M .(,   -              "  :4,  !X;"]S='EL97,N>&UL4$L! A0#%
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K  !;0V]N=&5N=%]4>7!E<UTN>&UL4$L%!@     )  D /@(  /T3      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.22.2.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>23</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="hlne-20221020.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0001001 - Document - Cover Page</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.hamiltonlane.com/role/CoverPage</Role>
      <ShortName>Cover Page</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="hlne-20221020.htm">hlne-20221020.htm</File>
    <File>hamiltonlane-form8xkhlafin.htm</File>
    <File>hamiltonlane-form8xkhlafina.htm</File>
    <File>hamiltonlane-form8xkhlafinb.htm</File>
    <File>hamiltonlane-xform8xkhlafi.htm</File>
    <File>hlne-20221020.xsd</File>
    <File>hlne-20221020_lab.xml</File>
    <File>hlne-20221020_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="23">http://xbrl.sec.gov/dei/2022</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>18
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "hlne-20221020.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "hlne-20221020.htm"
     ]
    },
    "labelLink": {
     "local": [
      "hlne-20221020_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "hlne-20221020_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "hlne-20221020.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.sec.gov/dei/2022/dei-2022.xsd"
     ]
    }
   },
   "elementCount": 24,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2022": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 23,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "hlne",
   "nsuri": "http://www.hamiltonlane.com/20221020",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "hlne-20221020.htm",
      "contextRef": "i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "0001001 - Document - Cover Page",
     "role": "http://www.hamiltonlane.com/role/CoverPage",
     "shortName": "Cover Page",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "body",
       "html"
      ],
      "baseRef": "hlne-20221020.htm",
      "contextRef": "i31f70c3634e5438cb27a0f7d0b031409_D20221020-20221020",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two",
        "terseLabel": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer",
        "terseLabel": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer",
        "terseLabel": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security",
        "terseLabel": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.hamiltonlane.com/role/CoverPage"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>19
<FILENAME>0001433642-22-000055-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001433642-22-000055-xbrl.zip
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MWE;'.3(*"H4W^.:G[[_=>?7\;7U)[&GY UD*'4O5%YOVOX?['] 6]'X=GE_
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M:R$J]"S/IJ0;,N\LF+?WP+*<N)V7VV_;_VMV^XR'7>"XK6]&6[I*9T$<H?*
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MNT<H<$4@1R_Z1P_S/D@#(?\<N-MRF<H,]T+GN'0F%L5&6BFY/SPDB&&^N'%
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M*:A7=%(LTK3 D[EO7\MOVGVQ;9])K;?CR)CC<KO6_4T%]DWF;>QN>N_T?CS
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M:@6CH@1KB@/3=S1R8W=8BJR:<+V.= [_GE4$L8R-+8SNEEYQ3AK2FM&8"FA
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M#OTK[))NK\J)2L.YM#0NI?VNU9"L,QT[J^[G-PPNPZPK8\>Z!$SWM[JT4]%
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M:BE.R6A&,9-0<(U^SUG_#8V>EL7>I'(WKNW2H I>5L+KM!9;\DGFIZS6.<W
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MJ"H0=PSQ1,$4-'/1QM.T@@TZU:O8E D,),4U=U;'S^P- X7V,R]CKEL=@JR
MLE\V!"'F.)ZFR>=!N<7=%*75B>NZ;](F)E\=N>D-98!!L"")C@[JP5J<Z>[9
MRT:Q#"E?ID?3@>+#ID4\>$QQHE)45%%C.)[D2I FK?UU'D%@<LYK4RQ37[(Z
MXM:;=HQ:W :P=!&?&+ NOW$]I$_411..CRZ;.P<3TGJ09#(S*VDS1%]/N)I0
MNRWR]!W24I=$I>1>3(RARA#::AHX8'9!4N(&[:G_1<RKOAL9EW+@NC+-R;+A
M"(&V\'EPV4SZY'&.O.,5L]Q)YM$F$L88826HO;(4PLFEYOV=L#\%*YP6-_ *
M19C'(X[*Q\(,T+2J9'H%K.I<SK LXGDC=H6L(^G(J"W*(%0$IC?DM5Y'/8(U
MR%@GE#B;ELI:\U.@GJD8$#Y%GD2.#Q45UM*JR. ;!#ZF<X;F/H7&.$U5/E&V
MI+ ^F-51.;UIDJE5#M5HJ!SWGX08A[;"^0(F$3DVE\[9U0!M6NKHL)(:D=!Y
M#\%C$9,']1FB741U-'%943=,$,)X@DY3C8&#?ZZ)K-O7(<Y-@UL*0L(8&XQ)
ML[R!UFL:Z-8XELG>MZ4!!BZ(^]6-&5_' 1*$%* P$B4];9%K&=D_)+(_B\82
MT?:P^2:5VFI%@ZA6\DBD2(?6,=.]$4&_RG!/&OE:JH?1Q;>:ZP"<-,*4ZN?C
MJ_FN=YQC=!=1#7QEK1D.S[)=*B(WZ,@T<]'M399'A7Y!O@;UNWY/^8*GN.M3
M$E;].?4KH!M2R^Z/V!@ \\T&SM!]2$DA,37QP=BV<FO^S4-,Q<-'I68TU6/)
MRW/'.'L)'C_=$CDRA/LD3(F:X$S1J>*; @>7\TB;9'A*(;*@"I"^Q<RM&9P>
M6\5'7<#<M<]&0<$5TC!*/>QB7L#Q6O@:+T !=-Y??B,X0QO%R1Z/;4.DA<3]
M?C?S)Y+P4 T+1F!X6)D!C!)NP]%"EVY*8!"ND+_3F]ZR%K&?7\?7RV^-0FKW
M&J$/J,T;/<MX8W/G+M0E!.!HM^LR)% Q\QQY3!L&&S!1B^!,PF</\FI4XH83
ML]*Q3GRJ;F&'$Z8,]Y'NDX)\3%6:Q&"$1L1 (4965@,B.Y1M:?]!&%\)/;!
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M0&L8T!H&=,^3>$D';\<&WF>4JW)98R1+HS-WANZ+2<(P64\[3%I[C&K:ZT1
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M/R7/(X5!67\$#!VL:0OAW]3KM/!V=HEU<GM[-@5S!]MDA1Z.AME ]^R7PZ"
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M#3#@)WMOY>B_??;1Q[M5$7F+J[,>RV7HZW6R!"_?;+W^RZ!JWZVKS]:HVK\
MJG9OW0WV0<#:_85:LA_O@-U@CX\'8&F!H74PO-@_/SI#Q.QG>;*]@0!>7BEO
M'[483"N5X*5%7'#XA_K4=;0%XHHT^/$LS^#?Y=Q+LQLON\&6/V Q8"R)NST$
M(8>;W*+"&RE>3^)I+)T:\#D8F)IQ&9NF5_?H,"U\*AHB"O;*>:;O351*0T;^
M9^9W+(2%.*<.)F66EUX(MN44Z_JD"Z#?)FD_2E&H\!S@O^,4 V!9#H^(LK"B
M%BL^-AF\PN^*,M<?11*WMO<NN-=XK&K_]O#VX%3*9<X7]DJ)??/3BU*J\O2K
MVK8L05$H_'VB2FKQA'3T,,-QJ3^RGYCY"VUG)KI QEU[&P[.705P"YCC8"8=
M7A5.>YZE<5C_$FRY-V]IX;1T_+V ?V8?L?D,FBY<-"CMG=0D@P^XN!*+ONB_
M<*U>'!ZH](-K%(AI\MU1=JW,A53Q'Y?";PU/@'M'NK%'P$T?$:&-?V+#1?B$
M0-LJ*CC6F8W]+YVF6ACY[=Z',#XD[_Y"[3SOIPM\[PJ6\AJK@!V5P)5_7%RJ
MO"'_-_(&)(F+8[</!-;V3C&>9"7J*F26B'3EK2/+V'LX\[ _:"DS5-8U*:L\
M*@:FEA>\Z^=&PKT)1LQA(NDH;%;DPEY#>G027K,)QG!WKMC>Z$&GD88D]*+?
MB#3GGG/)-^C$&'0[_L,<*MC<T7*29%)AZB91 E!QI'6UNH+9QP"V:"DJ Y<E
M)%U22=W\F"ZHMZ%ENI*.Q8^Q 5%&K>6X)1?=UKN.L\34 ".Y"KU+< ,ZLDH4
MM^*:5/(3AY!<GFI> WY(E?X!%8O['FF7@NZ;VR9(NF*7.AC<;\8VJC3!.AB^
M1 _,=X;EW_Y(KN4=85(+YXWJS-5XK-@3:\=]%-?8RVB[=Y)9!60"**J 5_9"
M<2,M[\VSY]LO??K/*_[/:QP3_N.-ONF'_7UO@QI_TG3@Z8%5_.X[F#^*33UQ
M<-:I:WS<'S"B(HHYA"6WX?)]9Y%@NMQFJ+1@0?HQKV9E. ?5$:E-?@Y!#Q,^
MK-$P*N>;?.#J0\)1U*:U54MC:P6T@6))Z]6>.?XE*YO-6@,(N"LWMH!]B@0"
MTCU+-[[!@6)@*#%BC&^NB\2])$LG2#%18\UO;X\"WP&_\VLCJ0U$5" UH&,A
M>("X(H$#& M_..+DC!?$& 2-&\3"YL/]9C8.VAOU2??&5:[IB*0Y &I MC*H
M]:RTW,,L;!)4A2)MI-D60*G N(+9E<,MH9<(7_!,&RC_O[VK[4T<2<)_I74W
M>PH2\?$2(-Q*)S$)F>5$R"PD-S>?3@8[B6_!CK"9&?;77U5UMU^P#2:#L4EZ
M5CN[XL6TR]753U57/\_>DY(/$UDKI,R!SFDM=%JP8"DEP&2!19=K/GK46R/J
M"H.T#J0B ET>Y8X,_YMR&P_N4JHCX#;T@S;1V*-IR*4.17Q16P0F((!+DY@T
M_'4+\+Z_C$I.#M=S9G\$NH/Q<0K03!;]YGAF4'^D@W<V6E^09;0#K13X)/%"
M\2CX*&&FZ_+9].I?!P?E7LWM!;/3>#(SCR+M5V+$!@;,!Y=;DKB\4!D%KH^C
M",=V7(ZFD/X J"?A8DB](!?@(5"$/=9MM>5PJ*L6$[:QT#/'6+,MW&V$&^$S
MH4GI*Y;KX(#&0G".I?\65SV'+)%F(#<>.:B4\8"< K,P_<E,LV'TT1$+1))%
M17J99LGJUEC)U_SM<&VZCBZUD<#E.57^L)/O*^9^I($3OPV17O&T141\$7U$
MQ,\,/V,_F6@VOD1OF?M)N(:+&^G\V2>!'()'ENV[.54#I)8*W!AI;E?%C^,<
MX#^%S[!*)!^H>!%*EP7(<&@.\.75?XGNX0F"]M)&=\14>06N@ .J^A__;KEF
M>+J!]T]72P-B*\8OFC^>_@>Q)L$WII"%^%J2X6=>C> ,/DQ<W,,_(X+RC$,X
M7@D6#^$,0H@!<]?FR\XX0'0/ 86)OB1NH$]T1\[2[PNZ$3%W#*%P"8AILG8]
M<U%AXO<,KIJ51)7$D42080<5E!?.TN(^6R^A!!PO0\@>KT$\+>$Z#N7Q_MLZ
M%\![-N<1?5D)A8(/^N]48QZUES-QH&RF/EDT,/8NB:!(B]'R2;>M/W5!Z.B[
M"]Z-+/3X2J9X-R)SV["2+" (@YO\ <>3 ZI@<'H;O^V*]M-(KM0V,>;2>DP:
MO3'+A3U,DC[Y3A "56*DD5L+E:T$2N4KO0^+G$U<FI1?B!M\K"1X3N '6WVH
M*F?9_R!I]AA&*]IAE+/7=NSS[\\.TC;R\F$8IQ3K'M*&U40O"6-,?8&P0-@(
M;L80=3E:!V(WONV6R?Q!D RQ>0;Y1.1WI"\&%@6H"8&#$E@_5SO[4>&#">XI
MX@KB-WW_]W]8Y6JOR=4$B=RZ@BNTQ"$A#!)+UKDYZ D=U@DC\))(_@0V$?-(
M/AT!]\Z>>"P3R0 ^,ML[]YSS%2YG0AF-FXAL]\C#!:H)^@]=1^8RPX3U[@\A
M-Y[PF%D=DQ5)3*C;SSJ>U("[K+<HL;C2Z Q9YU=6K[7J54%R*^O)@1ZZ'.DD
MT"I_9 _!8)-_VDCX:>X'\GH]']3"%WL B0"][;SL+.FRT3F"OD\(T9F+S#:(
M<** M.;XCON0^%R(^D]*,,K/8L## E9UWP!I+5YTBZ]O ,,@_G@4?DP;'NK,
MU(7XMC]U0@]9Y(_N"GP^\*F(LT2\1$38D'B>0# PQ83?/5<$NZ_ ";H;5.;(
MH*:(TD8P:2#0X";4%$L5. LB=(6!W+=+]G"F*!%*:I8K$FJ.FX=S-CZ*QRGC
M*N3)/,'#@ >_P#<W CC,DS __ 5RZ)'@QY=X_?$1NP<,?O&I /E8=) 87=Q^
MJ&"QP6#I+#>Y+N<6@%?R THE*/./KIQ^](]<*^525)<DZDH$#$&LEA%-YY^2
M.LT; X\5-:F178(1D<N$F46S#(F;">LR_ZO PK;&',7?...;5.X,?,)_3<.F
ML$0$'-O)-"$L.PMK%@5M9#P>2>&[FP#'1\,4TVD7*IQX52&C\.*_)+)9'"Y?
M:_@:ZV(I+;3]M0@V)Z5@*MSON41PD6'2$Q#CQ![[S9V9]*ZJ5V[-1-M9]F4.
M?%<]3E>JQTGU.+V#'J>VZG':J\?I^@1ZG&X_#P?(%1CB!>SO/>S7MLL>O?WI
M+L9]EN7O&VL)F'%LOJRF &LI-2SJ$&W06GVD@]>'8FW;]^^#-U\GL"67QS%O
MQG>WXK&F&21ZXJYG?+-<9^FFGAU,ONUV_*X;C91CLFG,T47T+)*#N3 X+&SR
M2O^?6&%]?+1F"*]YSQOF3#8D7\_Z_#%2?J8447;>R.JJ@-RRD4RD<;>KN6>=
M7R_U[^P>F??I4#U^="+SNQ 'OR'W5.'+=S//F<(/-&I5^+?1@-3 ]+Z;D#_Y
MP\#+2*T;_"U9@ BV=GEC2S7K45^96?%" <K78]JQ>>!"M@]! ,-M=?C$9_J\
MWT>SY<0PG0T)5X!YHBW>A:27SBG#U\'PY0Q(/=LV?[!>H<3ZHA1$IVAR&4B;
MYO!.,\6S,:3$.><'Y3>Q+B3FW(+U0FV'%9D7#R>9[5"AP9P[WXLZR&[Q_N4%
M9O^X%R^*?6'1#9B$D>/\F[.NFGQ'&F,]VE7&@"*V!/SI&%15W-6+O!S-1+_9
M%^X)+K$9*X/ **MD+C<8V.)%%YHL6$I9&@%WP*=>[[-L#>?"6E3/PZUBK  Z
MMA]P1.V)2).#NS+Y&3]Q<7[]!61D:QRU[%M>0MQP/#2 FS!NR-=LYSMU#HBA
MVXX\$8B'R]=\GX*($O#C7'*%NI=PUTV8WS QTEMVJ)09#JJ\)R=.G1"TLD2V
MX7S7@/$*\0I:A/B'5BBB@L4@O&JP"R5W?D4YEF_>/^O?^ ->F#K6*5WV!'.1
M'' 1<\2D$X/'S>!A(FHUGJCMF\)#\M^Z:&1*X?>Y;+.M762L#.QSV7I;Z[0N
M7U]PZ/YE Z1FK2M %#XTN-HL&"7G?Y]Y+1:5CO# 0'@NN! H5R[6=6?6<D:[
M,%]-EX[CCAP!I@2PN*)OX9M\RP0&OUK8(G *U&+A7L."ST3<S_!W" +_#MEU
MHYI8YVQ+VVU=0TOO1SMW-)W6@A[P-EP4K$M7/IP[Z_^@>C[K52)/11DQU8A\
MA3Y%">82FE,&DG+(?:='ZC3RCP:12VYDV%VMF0/UV,X-@683XKOLSYRO \07
M'"]S_9WTA++QB5J[WBK0W+^O]"487$C1 I*[:'&QM+"T[>\7E8/;^TU%C>1$
M$, '8VSD%!<;&/ZWJ74ZI0!T*2)FMHV;S$ES_$SF/L=?VT_!<C=?^W+6=KG$
MH5K4U?0\XO2D-A,U-W?,S?JEFIPG.#E_AE(]'>R)%_,_19[-S)\3NN(#@=RS
M7,KH64:V?;^VW<AG3R*;S5#)-U6QMU*"O$3NAI9E+G^)RC!325[ZF J**BB6
M+2@.+=Z5'>A]V][2F@HV%P/W&/&D!.>[#A2^I7^KJ)EDU ^M*EP?_U4A,F$=
MAICXXLW7*AR>5#@\A4SD*M@@"Q%MJ:0MD::G6_^5)[SSM2"0A5?\&BF])-,Z
M>JM;"SYVT>+OJUSO>//85^':)<+U'MSW9F[^L,3)N#!;-2S]X)8LT<S*NEFM
M.WA$"U8EXP6>:%T)&5S>!_N!HD#0Q1CIG3N&L=]!J'B@)HZPHP-(Y_Z='D7V
M$?S9U55\WFS72B:*^!/-3I<76OVR>_BNI*;6KJ=_=7^QQ0*SUXU#A:'<=5<^
M>_P#,HV+[7W%CX\6-31],\,=-/*(>+MRG*[9I&%S8=;C_WE5*EH/_*QMX#_1
M )SZ-GII_,U#5UCJ6K,3[S'@+Y;@$-<.'XWUTVR<"BPB5!RO6)"QPSR8LEJ[
MPFYU(C>09\F1DUGW#W,++F7DG_+/I%//,#_5<>0\92_O/QKTR&AU#C!*GJ>4
MVF][2-C.F6Q"2U%P-@>R:M^SJ>??A4^X2'^I,8#?(R= W^'F7&1[P$XQW([!
MP[V: MU'\_Q4;!W'37NR.B@8K6!T*6'T"#=^4S!TYQUB: 6D%9 ^44 2S%OM
MH@+K&^O;L]5BNJ1#>PH;*VQ<!#:VY?J2"(P[F\!8(>-R^GU^R#CY207Q8SK7
M9W\D0&#Q"@6;6D!HU.(%[0*4;MXP!\ ]42H*DG-B+&>AC?BKL.(5-A1](_;:
M*#F&*]DQ8!;?ZLO9,VO6!:_'BT<:Y:Q92Z=1>8^T=M>*UD[1VITJK5T1#'6G
M5&1I:IU&MFK(7D46>)"=;+6;TA=9=I=4SAM:NYB:RLZC_2&J&^RX%?5A[+CU
ML[168=65VC&K*V^PEI*Q[5O54HJ("?66UCA&4(BMJ8U(#09&46$]>\U\>GNB
M;KEU#)\OBGC7KYZI'9-=^Q13.YD72WOSLJE,R#/-G!=P,^U5 4#5G][@R9CR
MS,T+/C>'D!$*T:DW-NNXHL5J :AV7<@$?!.E,#4%\YN"73X%QX&D')<Y41-1
M3<03.T[Q)J?J/9&[$E7F%%F4BTQ6;8?-GG7[R2Q*]YRGS()N=8(DL2NN [X'
M7?4)0PR?NTSHT/9]63KDP^>[=I'C)-FV[3*&0;5Y]W.!,K9WM[U1;?=675DV
M2.B(TF3P:=2[?QCWV>?>ISZ[N1L.[[Y,M.AY);6=A-M)#;6=I+:33G,[:0^5
MI*Z__5]&E:1M4?>(L(KNZ+?>[6!X?S=BP]ZHSWK7_QY,[L:35$F3HH)\1H&:
M8H;W<2UT8Z+Z, -;RKFCFKSEN5QL$!L@%M3M4)+AE]RZ:<.35O_OSC\EOY&1
MON!Z4GO?1W(#5G$R06EW>&]Y<S/;T]H+C*KWU'N'>B]Y+N4@1[832=')AYN[
M,1N,[OOC46_(AOW1=7_,'B9]=C<:?MTB-%N2T?>Y_ S30Z0=,?GZCYN2O;9C
MGV]1@M&G3OB,B@:I[N[87]8_Z6V.N>>*V:#\! :@>ZLE'<&E+/OC1Q+V,>?$
M$VE$U)R^F8(VB'#0MN>"_2"!@F+\_;P7ZVQWGS[#Q,=:EUJSD5?90*7D*B5_
M8REYHU'JE/RX:?=63I/1J/\?UF/W=VR[,O!!AQT_N) X[M<=7(C7'#?@"G7K
M-'9S%8444$_^B'6C"P$JF]#97K)L=>VRV3E\4W%'JU_D<""\K75J[7+W*B=O
M\BPLPYB;>7.&[1L\;GQ1 PF32ZXG5DXS'EY2[(T;#)#C2I^?(D=H.>U9+A&V
MLG%+WUJVM5@MF%!RV1 L*'32YL\>4AI2^4^ VTE&^)&=Z17VH7Y1DX3HU/UR
M-JV0\C"QBC*(J/"H/(==UGZ1!1V$8^8,2PDN/$UX<08_NM0IELS7# &DP5"2
M9_,15_V#I=9B81H6C(.KZ\U,.E_J6C_8 J[U+$62SUQS8>GD+HJL/8'*/EIY
M.:'P73#%<VFZ@\OF42.4"C<H5X1I?VU.O4+#<OG,8Q^?L+[,!E$12$6@G$"B
M@2,#(-'_.+B_[K&YZ;H,EG[+,&TCJ@KKZ3^"=XK-EM\1CJ2]I7QU?.B"_T#I
M(VN6840$+E$W3J!'P5HB*4NJK%%K-&G_*N,^[$D^%]V#N:*#%3ZT?:6C[1VU
M>=ST/IOU)VGF<KJ_NYJZ)M<$"\V$?(Y>9+43[A>_94_83*B#:;<MG^ZT_'P:
M<F=K'LU_-U>_A66O@N4/_L<-"<'%U\+0NY6?2KH3 H?"O0KW'AOWOG%FQOV0
M\;UN/UFX6SHR/?;%67K/)112*K,A]YV\RFB%&.U]Q\1=K)T'[+W8C=<5P6>F
M/IF##OF5!)^.#>BN.)9/U5^I^BM5?V4Q#)J[X[B:I&J2JDFZ?Q-TJQ1-T%$?
MW 1_)>V+GES]UK]^&/;98("]T;</P_O!^?6X]X7=]\>W;'C7&['>Z)I-^E</
MX\']5];[-.[W;_NC^X)8:W:<(XF4)P6X/FY<N>S 5.B^)JXT&UJ[=GCFXG9+
MJW=+SEQ\S"["C#[V65]39Q2>JCK%2F*QQC.7."J(P5A%[QG?2"D'"^M3I"JR
MC.)VUXO5$,^8-M[-/ =3.K$K>HK^5YSQ+GY1WK750/_2[96^7 OONE#>I;SK
MD I5+TMKKGQ+^58>D6LU5V%+N5;^D$MYE_*N_"!72WF7\JZ<()?R+>5;.4$N
MY5K*M?*#7,J[E'?E![G:RKN4=^4$N91O*=_*"7(IUU*NE1_D4MZEO"L_R-51
MWJ6\*R?(I7Q+^59.D$NYEG*M_""7\B[E7?E!KDOE7<J[<H)<RK>4;^4$N91K
M*=?*#W(I[U+>E1_DZBKO4MZ5$^12OJ5\*R?(I5PK?]<Z&C/523A?%)3MX7_O
MG*OJ)SPTE:5*?+/3T3KMO)A&Y%>.3X*0(KTY>S:-U=QD@\%Y&E>%XD51O"@E
MYT4I&WG1'L1&N8:;PSY?NDP2N7,RWP'QI(SN-*'4VZB?M[JM6K=[WF1_^^M%
M!U[JW4S8R)$?J#7JM39,EE;2?"\B.,89551 5 %1!<2M ?'8K"IW"\LCUG&N
M/>F*V"*!C9LLGK [>!\[V$CMS#XCD?KZK^S&69)4V=#1;79MN=/5TN7"9 /;
M]98K$KQW3^C6;OQ;&UJNA[?V&_Z<Y]ALJ-LFZ:^=POT$H-F_H8_.<NE\AT0.
MGM-L[K@H9C_Q=(^>5RH$2,L"%*A0H$*!"@4J2@8J_CYUC#7\Y]E;S/_Y?U!+
M P04    " "<@EI555B<&DXL  #/HP$ 'P   &AA;6EL=&]N;&%N92UF;W)M
M.'AK:&QA9FEN82YH=&WM?6MSVSBR]O?W5^!DLG/L*EG1U9=D=JH46YG1.8Z=
M8WLF.Y^V(!*2L*%(+2]VM+_^[6X O$B433NV2=G,U#BQ+B#0:/0-W4__\E\G
MY\=7?WT9LEDX=]B7/SZ>CH[9F[UW[[YVC]^].[DZ8;]??3YEO6:KS:Y\[@8R
ME)[+G7?OAF=OV)M9&"[>OWMW<W/3O.DV/7_Z[NKB'0[5>^=X7B":=FB_^?47
M? 5^"F[_^O]^^:^]/7;B6=%<N"&S?,%#8;,HD.Z4?;5%\(WM[>E/'7N+I2^G
MLY!U6IT.^^KYW^0U5^^',G3$KV:<7]ZIWW]Y1P_Y9>S9RU]_L>4UD_;?WTB;
M]UO[[:.#\;C7[_6/K,-#JW<@N&C;!]UQ2[3^V89)OH./J^\$X=(1?W\SE^[>
M3.#SW[<[A\W#PT7XX4;:X>Q]N]7ZVYO,9T/Q/=SCCIRZ[VG&\.[$@_7IMRW/
M\?SW/[7HSP=\9V_"Y])9OO_O*SD7 3L3-^S"FW/WOQL!4'DO$+Z<J \&\C\"
MG@@/IU]OU(P.8!Q'NB*>(4UI^'TFQS)D[5:S]\L[_'S.NC;,%:CF_[KVI5]_
M"?G8$>:[8\^WA;\'ZW'X(A#OS3\^V#)8.'SY7KHT*_K2ASGWIT#$L1>&WOQ]
M'Y9P+?Q06MS1SZ>IJ+<3TC9;BKPA3">TS9/UVTUZZUUHY[S7;[:.-K_=:K8W
M?_6680\[S8-VL6'?T935M($RP8*[?W_3?6.^L."V#6S^OL7:BS#+/_JM/4=,
MPO?P0*25>8TV2;\(WY+S*>-."&P]YU/QSY;5_-=B"L_PK;67U-B:0_;[B^\/
MV1'\7GP\# ER5J=90P_=;L+@+/ <:3/#]V;]G<5WI,"'%"/BNE>GHD;*TDG/
M/_06[]N'*1H5H-NCGL?.ZGGLY9['3^8\/:XPZ!=Z^.CB\NIIGG]8Z/GL21Y>
MD/(795)^J!3IJR7^QS*)/SC[WXVJKRQQT>X4.['ASS\==MH''P+&V<*7U](1
M4\%"C\& UX(MO>A)*'O0+,)4'Q:>,O_>^\+AH;P6'U .[_6:G74],N:!P '>
M_/KS3^V#WH?LEB3:\AU9"L6ME,?;DG8QB^H?P^,_KD;G9^S/X<4E_+VRD,1.
MVFQ#%31">WE&:(H,%ABZPB_)LKSZ?71QP@:?AV<G\/\5NSIGG_\XO1KMG5P,
MOK*KX<5G=GH^.&.#LQ-V"22[&%W]Q0:_70R'^/$<L_(6<F5UO3$H.EF+X5]1
M$,K)4KTD71N(\[Z[_P1'MYC(NYK)X&FD7K']>1IY7W3Q/\0<; >E7J?UH4SZ
M#<"-M)4K61X=B0[M#[M,!HP..WC&T@7QSP/F3=BY%7ICX8,WW""/N,'&2\9=
MFXU%>".$RSZAR<<NM/G!/H(JK 1Q3X&VPJ\$99%<OP\^CTZO0*2?#LZ&;'#R
MY^CR_.*RP4Z;I\WC)JC>+\)U@Z5SS5W)F2/G$D,4CN1CZ<AP"<[/''R?925(
M^]'S?>^F&L1M/E"4EZK8+H0E0^X$/Z:&2IH\V%;[K0_K/P?-<ODA?U:&5^D0
M*IG N"_8@H/I"(\'01?.>,@L,"6Y=-GGR GEWHG/;]B5\.?LU.,N??=26)&/
M)W$P]86@0*)-8<3/W+=FK-,C^0A2$N0F1\$.;X&HS S^2?I!R&*QCP\O^! E
MC"_%(A1S%,==)8Y;]*U;G@@#>O")AS]R "Z!PU#NP^/:YG&3R ]G2$GUV ;S
M11#BMQHLB!8+A\:!,3R?>?C!&QD(-O=L.9'PZL3WYBR$W2?JX]\[\"%6 <E&
M5(D)40GYQMC5+&%76P32)[H1Z1G2+3MI4-Z,6Y;GV]RU!+N1X8P^!=)N3CL:
M@M68, 2,OXT2=&V/7H0(/?-N&KC=OIAXOFB4R7_(1B Z @D"DZ,#KEA',)S9
MU,.;$U]K,1(*=,S9U/-L^O6:.Q'%\#-C-&@$^)Z0BU#)$EO\.^+6$D>_F4D0
MI,"<2 "T,JUOKG?C"'N*<@4_#78IL"T^&P[ 6#!'3+GC+-G8BUQ;#6X."HZ!
MIP3YA"26YSC>3?#S3_W##]OF_>4S4;M$?;L2 S]L4OSJF"^0(6 46XN;*$"=
M%(7,]4"MB D,@[NX(H-8,(-M9#-^+6@/YP*,8'<:L*F\!@^#5+28J^^MBKN'
MVG\5V\Q.Q393T<4&ZT&=W/<16DXJN 86 PF$3K/=;)<JH[1(6E6 B0315A'*
M#F.A(!O)D'Q=T*1@]P![^8+;3R@D#CHE\A7L$6,#^QJM@2"E[<O8L,MH_"]@
M'GVBM8S S4$CE<*\*0O%[&>#[<A=YJG#/YQ,D/M 4)S 9JK=5T:]DB%<+92]
M;57&IARYL#+NF#VH@E&)&Y!QC'8DD%B9Y4 TM/_I"-%>^%XT52;DL>=>"S_
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M'9NLGU.0,TH!E6OM:.,!;UIE8#E>H#8D)0?-92S)5%)]H%"X%DQ*T*#0I2*
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M'T_+&A5PP\1%+U&W5.0>.T?&&UKU@^[K!MD<85M)/EM>$&82:;/N$*DHSQ?
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M50CD)Y6QD]V_="A8;V0C02%16SGGU/R- !I1=9D&D*J-"R;?6L"U-I4Q4'P
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MAV<GPPOVQ^60G9^=_E6X0U!ILQ^JKA&,IVJ\55V/;K*!UOW'U7:/KN?NW=+
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M,4IMFM2F205,DU<"PG]/X^6*NU.)5U=G(F1?/3^<U6T-GN=@U]0KEWJUX'Q
M:<!=.0FW?^N)0+ZV"<:K4Z8%N0KCY;E@TY6'Y45Y,77^V1/DGW6;[=9AG7]6
MU?RS=V//7L)?LW#N_/K_ 5!+ P04    " "<@EI5T.<FE74O  "1M@$ 'P
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MJ*ZJ3="W$<AI;F4@IP%&PH\7R2FPE\=:Z^7I:?^(B27XP&:CUZPP<N='CD<
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M5WD-.1M3NBW($I= L $L4&HNQ_O)[,$=.2J553TF.CA8-EHMW@#41BG'ZQ$
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M807-5RHLTNF\QZYF <5!/U6'K-.,L(U42*7<E!.4E"=*7IC/T:]F;!5),B.
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M,Q\/W(D@SK?R/>R2:]IS^!P'4QGD! [?83Y<)@5'YAD(I0+X>HX*ZIU:M%#
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M@KX$12]A1_#^*-9VYN.A-Q&D^9:^A\"E!GHFX-B!UC G-2H,8#/I?GJ6PU#
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M<-Y2XN-66!H5EL8"EL;&8#%*<,3EDWOFBUOI1=AY%(3 <KQ =8U#Y4W]E1)
MA'1JP U\3BE/[#TX$@H"7=H%>D]BWP&=CS6.FQGNUE0"EWK&*.YT,?:]:7QJ
M) 68)@V!WWK2-KU/;2\:A>RCZ5LP'-;2OPPI5R!YX0^=3!2YU!Y4V'1DJ+/&
M3SHMNKHKC1?Y 3UE% 62CB <;O4\<#VWNVP6^=8- AFH,XH>0>D-?(9JF9)@
M1& >!NI)N@BIO_RX6IP*\^!Q.>5?10W[Z)A6H1&6T01!-*667#/A3R55:XMO
M$O.BW+GIEAKW=OTJU64V_IPY=_5KNN>7\ //97;DFTY<V UW^92MI<[FU-.H
M ==#!W1A_MS"'.UFB9!:8O-2UT/JOA#7V#)FG*[@W8QUN5#_@R4_X[G13+K2
MNMU0M:*:1T,]=?P=^[VYJ2)123UY@Y DCVJ%$*Z W9%:.]:R>>Q-05"("Q5*
MP9T7.=0,'1N>4LXHL",]CV 72#,VDUSA>S 85I6=5,9G97Q6QN<K-3[7 '([
MW#Q*[_,#N36?",CM9*7V?/DUY+/5\<79I]-A__QXP(X'E]?#C\/C_O7@B?'G
MS'FN@HY[FX1PO2#\UM6-%?+_SFWSN-X03_6W[D?7^[#)JN?'-:U8[^]'<-.C
MVY!LGC$_7EZ<Z6U=19!\[%S3M.5!-(M4>OG"LCN':&&7HL_1"JD%DY4X3 .A
MF$:2V$I9PP<9'"+J?3828(J/TQ@L*B! 8\3>8&"R^4V=NS:.S\"&EGLG/K][
M$-.WQE3-L?(5+ZS0PUS_EBH7:-5@(N&=$&ZJ)V72@G 'GZ63N.,!364T^.C-
MW>1KDKR!5 ?+&";&N/G9<K)_9?^P'?V<RQCIXA-]/B[$I@ (NB\Q_(7EW0H7
M7.& >LNE(QPJ!UV_FTI/!\*74R/U75=\2T!5-^(FJG98M4P;OB>=R#[)\(-D
M6O;3,/BP1S[VDJ7+ Z$HV-PH[<0W! )#(0/GVB"/@82T=A4@!07Z7(\-;A6B
MRYB=B#$'*:XAC)-2GHJWT[ 72OSON&\"/CK2E01X<-C01R1"TA,^M9)%YQK&
MFF+=!F*]:(C!8 &N,(D9";8H=;7\%2&D1QARZP85"CGM(A''N$4F"Z*9&8XD
M,<:)@C7!$(NZ,E&,!MHC4 2+P>5P118L3T4)21/\UN]_HLLQ&80J0DIU(PC1
M@%%/!)C4"D?7JH" A:E5B6_@-DI7#Z[&)T@[G#6HL% !OHT]+T0"!#GS!F_-
M]>X<84_,U%V\7[S%20;4]G,40S?BQU6T,)0JDFC(;PO4]-)542,:)JU4,51I
M%*M,ED]QQ''JH-"_Q*P!\]6A&#J$U(>HQ]TH"FE4"D/>R0!15\9$"=7).-WZ
MG? L!7>!* 'AQA #3I<8,:]OZ<OZ[R"(]8;RU-8NP.G4NX=/7X#3;M<[^X=/
M/FSSH-[I=!\U[/WO'?:*338WB''X9L'V+1JK -W^;"T3[@V9?:+; PK]$X)=
M2L(0'"L*$'3(DKY%M;%_"M78Y-S3)IHV5Q0<'KZI*MI4Y5N]0)Z,H5.#4:_A
M#&T7 IBZR\_]],Z,\]C4G/LF59;RL UQS'WF6W)\'FNK\^G2]EXWW93ML)):
M^^5-*]M*@AMUM;G<VV+GP:KRWA85]RY$!P[K[>[3._Z+I%ZR_-M87$L8SBY=
MU\?6:A[*8D[ >TNIW>QND-P)LK*^MNQTU;5E.K_B_SJ[#]&[TBMK4I],)C""
M&&/GWE9D[F^,2OV5[1+8CO'L=E_</M@&RGW\<V#D^E"E(U2&027 I1)@2G6I
MI/<!Z6WV*O%]E>*[3N9)<9-2O_C\J87%R*SSW8(;.8MSW9*$N)UGN6@H,K/[
MK[3W6\]S:U.,9IBYMS)#;[<$WH^Y+RZ++'_)IEW2I87AL4IM5FIS^]3FJ50=
MRI(,8#>%C8B]9%R%/S@VK=;(6S<24.G5_*)04Q):*=&<DUIWI*@4YBM3F-O@
M[Z0Z8249#J)R#7-(10E:_1AQ_+#]@5Z)H[GTDG$>Z:W#1O*Q3E>]7WF499+T
M,N)C;"[VL:+)$9@/P+@LE\P5=8M2=SA&"M:P 17B;FO889TFCPG);TE/)-FD
MF1S&2E4\R29\IK27-*.#H:_X>[4668E:DI/6_E!V]UY[O_% 'OT6)9WU\!JU
M]_398:UZI],J-^IS40\XNR'ME/_[D$_\\B7)K<[]^=WCL?2GJ@GJ<9R8OG,E
MU%FQO_LRV<MYT\8"X4W\>90[VTSX;-_&_[(*>.7;5+Z^].931VF:]?;!<KZ$
M>O'YJ^F^ET>7<H,6:C,WH2I>+N!0,-,_$=GZ_BX[PSXY*,P*N\*;"20K 34@
M(@95,GC^G)++(Y1XRMU6U34O#.RW%O>_F.E1D.K*P"BYGU)JONT[CL8=X:FC
M**F1 K\[YFRJO4@:IS(PO\^]Q/J6+O;OUB 7+@LPZPTO?;#$NDCB<V5T/PWG
M+]G6E65<6<9;9QF?XXWQ"K/XX <TBRO;N+*-M]3&2.2VWMF%(XL-7"N:CGRJ
MAZS,W<K<W82YZYKS)=?6/5BT=2MCMYQ\OY:QFT_\1"6,'&Y]S;%JTUB'C03_
MJ:O"S@_%L!5&R5.3[A6#)EQ[6""O4#N$@@--W:D?)W?J*GL(5B'L!321(*<[
M]1IM3?5\>JUZ;^, @87PUVB8-6 !+_KG[/RBKF[)$F# 5K-[<+C?:!6':*L
M CO[]8-&LP((+"M X(MC_6U32*53/^AUGCZDTH9=W'\=(96' RA[K?K^9B(H
M#X(/I#"#,.U6!WBI);FQ=+L;BZ4T7C*6\KHB)R8[HMYNE21,LB:\0 G")$^H
M )K=>NLE-,#2Z=G*A%=@%KNL[\Y9?PK6K\+DZQQ\.//L&&4K0-2KXQM*KV0G
M,3!7L1[J95R\20'C!#\&'#232\C?56BIJ(O]^FIARB.;'26;I^ 73M2)_,JD
MCOSK()J""3O?B "^BBA7)8+/)X*'2@0OQ21R."7@R""(%LV2;5I<)8CE$L2-
MW+*\&E&])DA< A@=(?;T)CU3UV/6#7<GB7;8!$4,2.T50NM&CL#?UP#YWF(3
M(T9-\Q2D[& \%BKVBVT$U(5<IOBCV(U<0358W<M]GZ)<,P?M"2X7GK2'V._]
ML^'I]<4Y.^V?#UC_Y(_AU<7EE>E7\.*37%4\^=0=G)YT>D=SW10BV_QAZ%J>
M/\,8D;!K3(8(B.WR"=[53>EBKB33+SEU5TW/4/U?#_XI^4+.^50UBUE['?G)
MD)MK ;)JA=<R=$2QW7J$RJS>J][[_O?R9>D9>@T]>%%,J;<?+R[9\/QZ<'G>
M/V6G@_.3P27[?#5@%^>G?Q9N([2QV0]4:PG&4X7@JO)'=^) Z_YHL;^EZ[E[
M]W1YX",OG20-AG$!W5_6/ZLS<I[]CJM8IL(53("'D4]E751<?G1$33N$0PAG
M=J93RZW08!5D!]VW+WA%F;1'6W[_N0_K8JM?EK BNJ-,R515M]4JF:I*ILH7
MV:?MMMIJQ:FQC\_ PL9]I>ZV6J@G^'WU_^?G@W^R/KN^8/>W,WW2:2_G#N?W
M,G]4[O"ZR:-;DRS7 K*UG[X=5*=5[SY'#EZGWN@6R\%;MUJRU2YW:E]^F'0J
M;=L1I=, 'V,T\1*W""HI[1YL$U11;/&\L<*(.R]<<_>:";KYQDF;!6HK& ,]
MDZZ<1E.F6R@LX(#_8-B8!6GV&]C)U&UTS';X+GO;[#0,YB]=]^Z,=JE!*8'>
M,5"%0-C08[W&SR8VA-:3L# J$0#MX44+'NIST@'.G*'-9C/L7+&X(;6XG$I.
MI\*6, _5R,H25%45R&]L"F/=F%ZJ.X&82DZ;^Z,UP2BXFV^S<9S2:-ZM(-[W
M%#[_2$QVCGV&54]X4 8G8O3RQN26T,G]T0"9*S55J:FRT"FV!FT$B  ;9' T
MO#[I,T<$ ;,EIG.Y=K9W8\B_)>^\O(GQRL"8UNUV\0F,/!^-RS95%+6;]$^K
MT6IO$BA 798MFLG==:UDL(BEHZW:/675+C(FF,\%3.*]ATWB^V^FMYI'KJ)1
M(%0CE^U@E/UN$48YZ&Z.42K3I#)-2F":_" ]!]8T7JZY.Y%X=74N0O;%\\.;
MJHO#RPAV1;W-4J]2G-^!/;8J)V$CB&7;A$G6VJ0%N8A)YKE@TVT.F&R_5^_\
ML+ET&^6#*I&O8")?N]YL]*I$OE>0R-=]@D2^1T*IY8=)FIL!/5H[(&)J=H=#
M#"0\5*M;K%2WK>J87E:8>[UZ^W%9N>U6O=DL!JZ_YK"MPV)9:&L/VRU?<ML6
M&,KW1H_YG#(+3GZ\-JC?3SOAHWH#=8M12#X!;8%U)NP"G#")E[RD5OKV+8&I
MHYX98<F[?,*<N-=?R7YOQEQRG]Z?JF9-*XA<J81%"^;OW(VX/V?-&DM? 90H
M37-SM&G4]UO=GRLI72O4A;G[E<S=W^%@YDNGDKA*XBJ)>ZE3+G*J(ZX2N$K@
M7HI&%U;H8:"\DKE*YBJ9VX0KUZEDKI*Y2N:>F49I5ZZ2N$KB*HE[]E,N<>4J
M@:L$KA*XYZ91UI6K9*Z2N4KFGOV0R[ARW4KF*IFK9.Z9:91VY2J)JR2NDKAG
M/^425ZX2N$K@*H%[;AIE7;E*YBJ9JV3NV0^YC"NW7\E<BC;->N^@DKE*YI[3
ME:LDKI*X2N*>_91+7+E*X"J!JP3NN6F4=>4JF:MDKI*Y9S_D,J[<025S*=JT
MZI7$51+WG(Y<)6^5O%7R]LPG7.+&5>)6B5LE;L]+HZP35TE<)7&5Q#WS 9=Q
MX7J5Q*5HLU^O+L KD7M6'ZX2N$K@-B)P%1[Y"C=O#8E\,1J6F0'7E-GR(+F7
MF:@KI'H)O-W,RR#6PK*Q^_R/B;']$,SU)C8RA:>[MPH-N<"<*KSM['L5WG:\
MK<^(M[TQZ.P*/;I"C]X"JS$;K:Q<N<J5JV(GS^VH9<*5AY7(I;.\JAN"2N2>
M-UQ9"5PE<)7 /?<9EP0C*WFKY*VZ'M@X%;..WAI"6=T0K"^VU0W!<]P0K-?"
MM4A[U^K.80ON'%K5G4-UY[!-=P[O1IX]AW]NPJGSZ_\'4$L#!!0    ( )R"
M6E6K>(*0/AT  -_5   1    :&QN92TR,#(R,3 R,"YH=&WM7>U7XLC2_W[_
MBG[8O?<ZYQC,.PG.>(\CC.NNX(SBN/)E3B?I2# D;!($_.N?JD[".PHS*CCC
MGK,CT.GWJE]5=557WO]OT/')'8MB+PP^%*2B6"#_.WC_?X+P]\?S4U()[5Z'
M!0DYBAA-F$/Z7M(B5PZ+;XD;A1UR%4:WWAT5!%[G*.P.(^^FE1!9E.69PJBL
M&JY,948%Q2[)@BHQ6S!$R1!D254TIMA,MO3=F[+-7$45=4TP^6,FU06+*9K@
MR)IMVB8S;%/<=<HEU=1T7;%$36*J2.%GQU9,C=DED3FNS;#;5@*S@QD&<7D0
M>Q\*K23IEO?V^OU^L:\4P^AF3Q9%:>_OVNF%W6(=*GA!G-# 9H6LEC=(IFH-
MK,CG];S ]P*&B[271#2(W3#JT 06$5J414&4!4G.&\%*WN)FH'ME;[93:/GV
M@<>QV*+QY!B%F-E3->![\2:\>W"8DB:(AJ!(63N+5D<R37-O@*N8=^:P\4SX
ML/*>H "G+H]'M6P*DC(QK-$:S4UZ:@A8RA\M^S2X^5!@@7!Y48 -9M0Y>-]A
M"25856#_]+R[#X6C,$B ;(7&L O+9*??/A02-DCV^&SV#O[UKW^]3[S$9P<M
M/V "#EV"G7N_E_[X?B]MV@J=X<%[Q[LC<3+TV8>"X\5=GP[+01@P&( W*..#
M+$H_>H[# OX1RNO .Y%GI_T/DG/F?BAXBN261%O1%95IJF+8EERBHEMR1$M4
M)%4TOU7RH8S&5" ![6#7S"M7 QC?\ BF$U'_)'#8X"\V+!#/@:8=Y>O0JH1W
MI_+YW;52ZSGMZEWSV&R?M6WQK'$IU]MUKU:Y'#0;7_K75Y?JM7S>KMW?2LVK
MFE([_GK;[-3]4Z7N7]^'2KUR*]7;U_?7[4.I=G4IUHX_^6?']=OK^YI6O_K:
MKM]_])O'S7;SJR&>RLWA]96MUZ"LV?[3J\E?V]?M<[]>N='@_\'U5:W?;%?5
MVOV-6K]J=FKMVIUS_,FSCB_U9@7ZN*I*M8K3J56^MNJ5/]O0MUB3:UJM >UU
MH)W&B5)O?\GJ?(6^M*#9Z-["?%K7C<M^7;[NUZ^J8JU3@WE^N;^^OQW4[OU.
M\_A2JK5MN?[)Z)\VJDGM0AS WWZ]7>V???FF*88KZA* D&RX@FKKBF!1J22X
M>DD1)9&*EFL4#D0 "%51=%5^OS>UK<^YRX< N@X"[R>?WKSM[F.[.UBPN[8E
MRHXEF0)3=5U02[(LF+)LPNX:HJT9.M4,JW#@4C]F<QN[-\W*$7-9Q "@XP4(
MA,A4CKGT@*TG'*G*">#.AT+L=;H^PC3_K14A94R!37$0.]#$WG0;:?_C3K,Q
MQ&$OXM^X."EGY);2QO>06]X0XXB2?_,<_.YZ+")\0&RA6#DZ^6N:,V8K'^0_
M3;?>A?4-G?P;2+THJ8!><8"#$B0<7%YO7#8:IK/DT;PD_YYWLC>U4/FJCI9Q
M;P*Z]P#@4Y3GR_F8:O%-*DS6R21#QPN$%D/UIZP91:V;[/<])VF5)5'\=X$_
M>? ^[E*@*2O:@_KIY[2946,'[Q-J^2QOTPHC&*!@A[Y/NS$KYQ_V<S&42E*!
M5]KOT.@&!F&%21)VRC@"T.P2SZ:^0'WO)BCC0F3%X\$5Q72 "2Q$XN0]9\5%
M7K27./-EIE$TQ>7%8E$:E>WQMJ/\@6R5E&Y2X/5@5K@8'PI*86;BV52D;D+B
MT/<<\IO(_]O/RI.P6Y;G"KO4<;S@IBP2B7<Q'L,>7ZBI]5ZV)1,[RY<M74$;
M")I%A;1:7@[C#Z-RWKL+!">XM./YP_)_&UX'8*/.^N0\[-#@O[LQ:&&@KD6>
MFSX8>_>L+.FP5_QK/UV:$K3#-S9;*DG&A;ZLGS2J%7+1.&Q4+[9^M!?5H\OS
MD\9)]8(<UBND^O?1'X?UXRHY.JO53BXN3L[J&YR"O-(4KFC< D)*PF"75([
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M8P%%\8AR%:V.$'.O97%Y2+B[Q/<Z7H(&PRC#(+52$DK",N86[$48=,(L6+*
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M-=YL"^.!4 >Y&WZJ?CQI5 XSF!KO$]:?WJ.=G/9@(1(ZF"X%Z 6THK@9:9+
MV!L(0+$P1(L"8X"IPGAW$Q/UA^DB9\N8CRX5RGQ&HQ2"((U#;G%#(S&YHQ'&
M?@*#1%RH_M*HN"*:Y+AUQS5N6-B,DR93D.YDTA-_&]6P:<QP^\)1BAV.+RV@
M^U;H9Y0"L&RSC'#C=\CRO/M1'RY0!8@T+I9YA%K*?B.,VQWG[_$"D+8]:(_'
M2T2L"QU!6]D]<J",/HU0"'@X*HL&MU&OF^##"'4Q&-(L@&\ \S9C3@J3_(QD
MVK3)1?82B,X"^7"Q)M9J!6%!0AQ\NBA@UF#P7I]Z=QC>,7.> ^KA8E 'OL)M
M WX$P'/N,%@/\QN% >.33 , \2< 15!G5AD49V9F^VCZ35IF.<-YG0XT!3L
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MA/I:<&0P.V;O!*0M52\.&X$&P\\F?YLZZ]\]8,M_J.*M6)8%E^54*<1PF#"
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M_P-02P$"% ,4    " "<@EI5Y--HT-.$  !Q@@0 '@              @ $
M    :&%M:6QT;VYL86YE+69O<FTX>&MH;&%F:6XN:'1M4$L! A0#%     @
MG():5558G!I.+   SZ,! !\              ( !#X4  &AA;6EL=&]N;&%N
M92UF;W)M.'AK:&QA9FEN82YH=&U02P$"% ,4    " "<@EI5T.<FE74O  "1
MM@$ 'P              @ &:L0  :&%M:6QT;VYL86YE+69O<FTX>&MH;&%F
M:6YB+FAT;5!+ 0(4 Q0    ( )R"6E7*5=T4530  ,)$ @ >
M  "  4SA  !H86UI;'1O;FQA;F4M>&9O<FTX>&MH;&%F:2YH=&U02P$"% ,4
M    " "<@EI5JWB"D#X=  #?U0  $0              @ '=%0$ :&QN92TR
M,#(R,3 R,"YH=&U02P$"% ,4    " "<@EI5<.ZFXFT"  "'!P  $0
M        @ %*,P$ :&QN92TR,#(R,3 R,"YX<V102P$"% ,4    " "<@EI5
M!XE[B; *  !"8@  %0              @ 'F-0$ :&QN92TR,#(R,3 R,%]L
M86(N>&UL4$L! A0#%     @ G():5< [^,+;!@  "C,  !4
M ( !R4 ! &AL;F4M,C R,C$P,C!?<')E+GAM;%!+!08     "  ( #8"  #7
%1P$    !

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
