Protocol Adherence

Protocol: ISDA 2016 Bail-in Art 55 BRRD Protocol (Dutch/French/German/Irish/Italian/Luxembourg/Spanish/UK entity-in-resolution version)

Adhering Organization: Ares Management LLC (12-27-16 Update)

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Date: December 28, 2016

 

Dear Sirs,

ISDA 2016 BAIL-IN ARTICLE 55 BRRD PROTOCOL (DUTCH/FRENCH/GERMAN/IRISH/ITALIAN/LUXEMBOURG/SPANISH/UK ENTITY-IN-RESOLUTION VERSION) - Adherence

The purpose of this letter is to confirm our adherence to the ISDA 2016 BAIL-IN ARTICLE 55 BRRD PROTOCOL (DUTCH/FRENCH/GERMAN/IRISH/ITALIAN/LUXEMBOURG/SPANISH/UK ENTITY-IN-RESOLUTION VERSION) as published by the International Swaps and Derivatives Association, Inc. on 14 July 2016 (the Protocol). This letter constitutes, as between each otherAdhering Party and us, an Adherence Letter as referred to in the Protocol. The definitions and provisions contained in the Protocol are incorporated into this Adherence Letter, which will supplement and form part of each Protocol Covered Agreement between us and each other Adhering Party.

1. Specified Terms

As between each other Adhering Party and us, the amendments in the Attachment to the Protocol shall apply to each Protocol Covered Agreement to which we are a party in accordance with the terms of theProtocol and this Adherence Letter.

2. Appointment as Agent and Release

We hereby appoint ISDA as our agent for the limited purposes of the Protocol and accordingly we waive any rights and hereby release ISDA from any claims, actions or causes of action whatsoever (whether in contract, tort or otherwise) arising out of or in any way relating to this Adherence Letter or our adherence to theProtocol or any actions contemplated as being required by ISDA.

3. Payment

Each Adhering Party must submit a one-time fee of U.S. $500 to ISDA at or before the submission of this Adherence Letter.

4. Contact Details

Our contact details for purposes of this Adherence Letter are:

CONTACT INFORMATION PROVIDED BY REQUEST ONLY
Contact Us

We consent to the publication of a conformed copy of this letter by ISDA and to the disclosure by ISDA of the contents of this letter.

Ares Management LLC (12-27-16 Update)
3M096E5S0PEUTB0I8L53


BY:

CONTACT INFORMATION PROVIDED BY REQUEST ONLY
Contact Us
Appendix:
Ares Corporate Opportunities Fund III, L.P.
54930041FFS1E7XI2M95
Ares Corporate Opportunities Fund IV, L.P.
5493007BCHUA6VZKJR31
Ares Corporate Opportunities Fund V, L.P.
549300M4M4U2C8HCSN20
ARES CREDIT STRATEGIES FUND I, L.P.
549300W9NTBG8G01WM84
Ares Dynamic Credit Allocation Fund, Inc.
549300BZI16VZUT2N044
ARES ENHANCED CREDIT OPPORTUNITIES MASTER FUND II LIMITED
549300MA8PK1X5PCUE95
Ares Enhanced Credit Opportunities Master Fund, L.P.
549300FKWPAUVKP5AY62
Ares Institutional Credit Fund LP
549300NKG1DXKQF0B616
Ares Investments Holdings LLC
549300VERXH1QLK4WU29
Ares Multi-Strategy Credit Fund V (H), L.P.
5493002V2OL9X2AECR40
ARES SPECIAL SITUATIONS FUND I-B, L.P.
BCFQHUZ5RBKDJMS3RO31
ARES SPECIAL SITUATIONS FUND, L.P.
54930027W4KWVY0Z4G15
Ares Strategic Investment Partners III, L.P.
TQJEQ6C53K2FSLQJ7B58
ARES STRATEGIC INVESTMENT PARTNERS LTD.
549300KEDRS74JC5QO02
ASIP (Holdco) IV S.à r.l.
5493003935QDPRUR7T31
SEI Global Master Fund PLC - The SEI High Yield Fixed Income Fund
8GUEPC4NREVJR8EVI617
SEI INSTITUTIONAL INVESTMENTS TRUST-HIGH YIELD BOND FUND
OWDWVGRPMAD2237YNC61