THIS AMENDED AND RESTATED CUSTODIAL AGREEMENT (this “Agreement”), dated as of June 20, 2014, by and among Triangle Capital Corporation (the “Borrower”), Branch Banking and Trust Company, Institutional Services Trust Operations, successor in interest to Branch Banking and Trust Company, Mortgage Custody Department of Corporate Trust Services, not individually, but solely in its capacity as Custodian, having an address at 223 W. Nash Street, Wilson, NC 27893 (the “Custodian”) and Branch Banking and Trust Company, acting in its capacity as administrative agent (the “Agent”) for itself and for the other Secured Parties (as defined in the Credit Agreement described below).

The Borrower and the Agent, among others, are parties to the Second Amended and Restated Credit Agreement, dated as of June 26, 2013 (as amended, supplemented, restated or otherwise modified and in effect from time to time, the “Credit Agreement”), pursuant to which the Borrower has the benefit, subject to the terms and conditions thereof, of advances from the Lenders (as defined in the Credit Agreement) to finance, among other things, the making of Portfolio Investments (as defined below) by the Borrower.

Pursuant to the Credit Agreement, the Borrower is required to take such action as shall be necessary to maintain the perfection of the liens and security interests of the Agent, for the benefit of the Secured Parties (as defined in the Credit Agreement) on the Collateral (as defined in the Credit Agreement). The Borrower desires to have the Custodian take possession of the related Investment File (as defined below) with respect to each Portfolio Investment, in accordance with the terms and conditions hereof. The Borrower has agreed to deliver or cause to be delivered to the Custodian the documents specified in Section 2 of this Agreement with respect to the Portfolio Investments to be held pursuant to the terms of this Agreement.

The Borrower, Custodian and Agent have previously entered into a Custodial Agreement, dated as of June 13, 2011 (as amended, the “Existing Custodial Agreement”) and the parties thereto wish to amend and restate the Existing Custodial Agreement on the terms set forth herein.

Section 1.Definitions.

Agreement: shall mean this Agreement, as supplemented or amended from time to time.

Authorized Person:     shall have the meaning set forth in Section 26 of this Agreement.

Business Day: means any day other than a Saturday or Sunday, or a day on which banking and savings and loan institutions in North Carolina are authorized or obligated by law or executive order to be closed, and a day on which the Custodian is open in the State of North Carolina.

Comfort Letter: means a letter substantially in the form attached hereto as Exhibit 8 furnished to the Custodian by the Borrower in connection with the closing of the transactions creating a Portfolio Investment, a copy of which letter is delivered to the Custodian with the related Investment File.

Credit Agreement: shall have the meaning set forth in the first paragraph of the Preliminary Statement.

Investment File: means those documents listed in Section 2(a) of this Agreement that are delivered to the Custodian pursuant to Section 2 hereof or that otherwise come into the possession of the Custodian.

List of Portfolio Investments: means a listing, substantially in the form of which is attached hereto as Exhibit 7, of all Portfolio Investments delivered to the Custodian (which List of Portfolio Investments may be in the form of microfiche or computer file or other medium acceptable to the Custodian).

Person: shall mean an individual, general partnership, limited partnership, limited liability partnership, corporation, business trust, joint stock company, limited liability company, trust, unincorporated association, joint venture, governmental authority, or other entity of whatever nature.

Portfolio Investment: shall have the meaning set forth in the Credit Agreement.

Trust Receipt: shall mean a trust receipt, substantially in the form set forth on Exhibit 2 hereto, covering the Investment Files relating to the Portfolio Investment described therein, which trust receipt is issued to the Agent.

UCC: shall mean the Uniform Commercial Code as in effect in the applicable jurisdiction.

Section 2.Delivery of Investment Files.

(a)As soon as reasonably practical after making a Portfolio Investment, the Borrower shall deliver or cause the Borrower’s closing agent to deliver to the Custodian, the following documents pertaining to such Portfolio Investment, along with a Comfort Letter listing each document to be included in the Investment File for such Portfolio Investment so delivered to the Custodian, each of which Portfolio Investment shall be identified in a Schedule delivered in printed and electronic format therewith:

(i)any and all original executed promissory notes issued by the Obligor pursuant to the applicable agreements evidencing such Portfolio Investment, together with an endorsement executed in blank;

(ii)any and all original certificates representing equity interests pledged to secure the obligations of the Obligor relating to such Portfolio Investment, together with transfer powers for each such certificate, executed in blank; and

(iii)any and all original letters of credit, instruments, certificates of deposit or chattel paper or other original documents, the physical possession of which is necessary in order for the Agent, on behalf of the Secured Parties (as defined in the Credit Agreement), to perfect or preserve the priority of its security interest therein.

(b)From time to time, the Borrower shall forward to the Custodian additional documents of the type described in the foregoing clause (a) evidencing any assumption, modification, consolidation or

Section 3.Receipt of Investment Files.

After receipt of each Investment File, the Custodian shall deliver a Trust Receipt to the Agent and to the Borrower in accordance with Section 6 hereof.

Section 4.Obligations of the Custodian.

The Custodian hereby acknowledges that, (A) to secure its obligations under the Credit Agreement, the Borrower has granted a security interest to the Agent in its Portfolio Investments and related assets with respect to the Obligations (as defined in the Credit Agreement) including, without limitation, each document listed on the schedule to each Trust Receipt and (B) (i) it has in its physical possession the related Investment File with respect to each Portfolio Investment listed on the schedule to each Trust Receipt (excluding the items listed on the schedule of exceptions attached to the related Trust Receipt, if any) (the “Property”), (ii) it will hold the Property as bailee for and on behalf of the Agent for purposes of perfecting the interests of the Agent therein, for the benefit of the Secured Parties (as defined in the Credit Agreement), as provided in Section 9-313 of the UCC, and (iii) it is not holding the Property on behalf of the Borrower or any other person or entity (including itself). The Custodian agrees that it will continue to hold the Property in its possession and not transfer the Property without the prior written consent of the Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrower, except in accordance with this Agreement. Following indefeasible payment in full of all amounts owing under the Loan Documents in respect of the Obligations, and the cancellation or termination of the commitments under the Credit Agreement and any other contingent obligations, the security interest of the Agent shall be released in accordance with the terms of the Loan Documents and the Property shall revert to the Borrower.

Section 5.Representations and Warranties of the Custodian.

(a)The Custodian (i) is duly organized, validly existing and in good standing under the laws of North Carolina, (ii) has full corporate power and authority to conduct its business and affairs as a custodian

(b)The Custodian hereby represents and warrants that it does not control, is not controlled by, nor is under common control with (either directly or indirectly) the Borrower or any of its affiliates.

(c)This Agreement, when executed and delivered by the Custodian, shall constitute the valid, legal and binding obligation of the Custodian, enforceable against the Custodian in accordance with its terms, except as the enforcement thereof may be limited by applicable receivership or similar debtor relief laws and that certain equitable remedies may not be available regardless of whether enforcement is sought in equity or at law.

(d)The Custodian is not in material breach of any material agreement to which it is a party.

(e)By execution of this Agreement, the Custodian represents, warrants and covenants that it does not currently hold, and during the existence of this Agreement shall not hold, any adverse interest, by way of security or otherwise, in any Portfolio Investment, and hereby waives any lien which the Custodian might have pursuant to statute or otherwise available at law or in equity on the Portfolio Investments and the documents constituting the related Investment File with respect to each Portfolio Investment held by the Custodian hereunder, including all monies and proceeds derived therefrom or relating thereto.

(f)The Custodian shall not, except with respect to the Custodian’s right to receive its reasonable and customary fees and expenses hereunder, at any time exercise or seek to enforce any claim, right or remedy, including any statutory or common law rights of set-off, if any, that the Custodian may otherwise have against all or any part of an Investment File, a Portfolio Investment, or any proceeds of the foregoing or against the Borrower or the Agent.

(g)The Custodian maintains insurance as required by Section 13 hereof.

Section 6.Trust Receipts.

Within five (5) Business Days after the receipt of the Investment Files pursuant to Section 2 hereof or such other time period mutually agreed to by the Borrower, the Agent and the Custodian, the Custodian shall ascertain that (i) all documents required to be delivered to it are in its possession, and (ii) that each note, certificate or other original collateral document, if any, listed in Schedule A to each Comfort Letter is an original, executed counterpart of such document, based upon Custodian’s reasonable plain view review of such document and with the presumption each such document identified as an original in such Comfort Letter is an original, except as set forth on the exception schedule and (iii) shall deliver to the Agent and to the Borrower a Trust Receipt substantially in the form of Exhibit 2 attached hereto.

The Custodian shall provide the Agent and the Borrower with an exception report which shall be attached to such Trust Receipt and shall specifically identify, as reasonably determined by the Custodian, any missing endorsements or documents required to be delivered to the Custodian pursuant to Section 2 and the party or parties whose signatures may be required for any such endorsement. The Custodian shall have no duty to obtain any missing endorsement or document. The Custodian shall be under no duty or obligation to inspect, review or examine any such documents, instruments, certificates or other papers to determine that they are genuine, enforceable, executed by an authorized officer, or appropriate for the represented purpose or that they are other than what they purport to be on their face. The Custodian shall be under no duty or obligation to inspect, review or examine any such documents, instruments, certificates or other papers identified as originals in any Comfort Letter beyond a reasonable plain view review of such document, instrument certificate or other paper.

Section 7.Future Defects.

Section 8.Release.

(a)    From time to time and as requested by the Agent, the Custodian is hereby authorized, upon receipt from the Agent of a request and receipt for release of documents, in substantially the form annexed hereto as Exhibit 3, reasonably believed by the Custodian to be signed by an Authorized Person of the Agent whose name appears on Exhibit 4 hereof to release to the Agent or its designee the related Investment File or the documents set forth in such request and receipt of such Person. The Agent agrees with Borrower that it will not make any request for release unless a Default or Event of Default has occurred and is continuing. The Agent shall provide a copy of any such request and receipt for release to the Borrower simultaneously with the delivery thereof to the Custodian. The Custodian shall promptly notify the Borrower after it has released any Investment File or any document therein.

(b)    From time to time so long as no Default or an Event of Default has occurred and is continuing, in connection with a sale, transfer, exchange, liquidation, payment in full or modification or extension of any Portfolio Investment in the ordinary course of business, and subject to the other provisions set forth in this Section 8, the Custodian is also authorized, upon receipt from the Borrower of a request and receipt for release of documents, in substantially the form annexed hereto as Exhibit 3, reasonably believed by the Custodian to be signed by an Authorized Person of the Borrower whose name appears on Exhibit 5 hereof, to release the related Investment File or the related documents set forth in such request and receipt for release to a party other than the Borrower or any of its Affiliates. The Borrower shall provide a copy of any such request and receipt for release to the Agent simultaneously with the delivery thereof to the Custodian. At any time when three (3) or more Investment Files are currently released pursuant to any request by or on behalf of the Borrower, the Custodian shall, prior to giving effect to such release, obtain the consent of the Agent prior to complying with such requested release (which consent shall not be unreasonably withheld prior to the occurrence and continuance of any Default or Event of Default). The Custodian shall promptly notify the Agent after it has released any Investment File or any document therein. Any transmittal of documentation pursuant to a request and receipt for release under this clause (b) shall be under the cover of

a transmittal letter substantially in the form of the Bailee Letter attached as Exhibit 9 hereto, duly completed and executed by the Custodian. The Custodian shall retain the executed Bailee Letter in the stead of the related Investment File and shall notify the Agent and the Borrower in the event that the third party designated to receive such Investment File or such documents fails to execute and deliver to the Custodian a countersignature to the Bailee Letter within three (3) Business Days of delivery thereof. Notwithstanding the foregoing, if the Borrower has certified to the Custodian and the Agent, in substantially the form annexed hereto as Exhibit 10, that a sale, transfer or liquidation of an Investment File or any document therein has occurred prior to the release by Custodian of such Investment File or any document therein, the Borrower may request, in substantially the form annexed hereto as Exhibit 3, reasonably believed by the Custodian to be signed by an Authorized Person of the Borrower, that the Custodian release the related Investment File or the related documents set forth in such request and receipt for release to the Borrower or any of its Affiliates or to a third party without a Bailee Letter.

(c)    The Custodian shall release any requested Investment Files pursuant to the foregoing at the direction of the Borrower or the Agent, as the case may be, on the same day, if the request therefor is received by the Custodian prior to 2:00 p.m. Eastern time, or, otherwise, on the next succeeding Business Day after receipt of a request of release therefor. The Custodian shall maintain a list of the Investment Files or if less than the entire Investment File, the documents released. Upon return of the documents or the Investment File, the Custodian shall maintain a list of the Investment Files or the documents returned.

(d)    The Borrower covenants and agrees that:

(i)    in the case of any documents of a type described in clauses 2(a)(i) or 2(a)(iii), it shall not make any request for the release thereof until the obligations of the Obligor under the related Portfolio Investment have been repaid in full, except for (A) ultimate sale or exchange, and in such case the Borrower further agrees that all cash proceeds thereof shall be deposited in a deposit account that is the subject of a control agreement that creates a valid and perfected first-priority security interest in and lien in favor of the Administrative Agent for the benefit of the Secured Parties (as defined in the Credit Agreement) or (B) renewal, amendment or registration of transfer; provided that any document received in replacement, substitution or exchange thereof is delivered to the Custodian prior to release of the existing original;

(ii)    it shall not, directly or indirectly, maintain physical possession or “control” within the meaning of the UCC of any Investment Files or documents released pursuant to this Section 8 or instruct any Person to release or deliver the Investment Files or any documents to it or any of its Affiliates or any agent on its or their behalf (other than the Agent);

(iii)    it shall instruct each third party to which an Investment File is delivered pursuant to clause (b) to execute and deliver to the Custodian a countersignature to the Bailee Letter delivered to such Person in connection therewith (which delivery may be by facsimile) and, in the event that such Person fails to do so within three (3) Business Days of receipt of any Investment File or documents, and the Portfolio Investment relating to such Investment File or document has not yet been sold, exchanged, transferred, liquidated or paid in full, it shall direct such Person, and shall use its best efforts to cause such Person, to immediately return the Investment File and any documents to the Custodian;

(iv)    it shall promptly instruct such third parties to whom any Investment File or documents have been delivered to return to the Custodian any Investment File or other such documents when the need therefor no longer exists, unless the Portfolio Investment shall be sold, exchanged, transferred

or liquidated, in which case, thereupon it shall, in substantially the form annexed hereto as Exhibit 10, certify to the Custodian and the Agent that such sale, transfer or liquidation has occurred;

(v)    at any time an Investment File or documents therein are not held by the Custodian or by a bailee that has executed and delivered a valid, binding and effective Bailee Letter in favor of the Agent, the related Portfolio Investment shall not be eligible for inclusion in the Borrowing Base unless otherwise agreed in writing by the Agent in its sole discretion; and

(vi)    it shall not make any request for release of any Investment File or documents therein if, after giving effect to such release, a Default shall occur and be continuing.

(e)    Any Person may provide an electronic transmission for release of documents in a form agreed to in advance of the initial transmission by the Borrower, the Agent and the Custodian containing information readable without intervention by the Custodian’s data processing operations or computer hardware and software staff, and arranged in a record layout to be specified by the Custodian (a “Paperless Release Request”). All parties agree to maintain and control access to electronic signature information and assume liability for any unauthorized use thereof. Such parties also agree to maintain accurate records of electronic transactions related to the Investment Files. Each such Person hereby authorizes the Custodian to automatically append the electronic signature of an Authorized Representative to the applicable request for release of documents and agrees and acknowledges that by appending such Authorized Representative’s electronic signature, the Custodian shall be entitled to rely thereon. For purposes of this Agreement, the term “electronic signature” is defined as an “electronic identifier intended by the person using it to have the same force and effect as the use of a manual signature.” Each Paperless Release Request shall be confirmed in writing and delivered to all parties in accordance with Section 19. All parties agree in advance to comply with all of the Custodian’s security and record layout standards in connection with any Paperless Release Request as may be amended from time to time upon notice from the Custodian to such parties. The Custodian reserves the right to restrict or suspend such parties’ access to the Custodian’s computer systems for maintenance or repairs or for any other reason in the Custodian’s sole discretion, provided, however, that the Custodian shall promptly provide such parties notice of such restriction or suspension. Notwithstanding the foregoing, such parties are authorized to transmit, and the Custodian is authorized to accept, signed facsimile and .pdf copies of requests for release or any other notice, request, receipt or certificate required to be delivered hereunder.

Section 9.Procedures Upon Default.

(a)The Agent shall notify the Custodian when a Default or an Event of Default has occurred and is continuing. No knowledge of any Default or Event of Default will be implied against the Custodian in the absence of such notice. The Custodian shall have no duty to inquire whether a Default or an Event of Default has occurred and is continuing.

(b)Following notification by the Agent (which may be by facsimile) to the Custodian that a Default or an Event of Default has occurred and is continuing, the Custodian shall not release any item relating to any Portfolio Investment (including without limitation the Investment Files) to the Borrower or any other Person without the express prior written consent and at the direction of the Agent.

(c)Upon the written direction of the Agent from and after the occurrence of a Default or an Event of Default, with respect to each Portfolio Investment the Custodian shall submit, in accordance with the written instructions of the Agent, for recording and/or filing any assignments, instruments of transfer or other documents prepared by or in consultation with the Agent or its counsel. The Borrower shall be responsible for all reasonable out-of-pocket costs and expenses of the Custodian and Agent associated with the recording and/or filing of any such assignments, instruments of transfer or other documents with respect to the Portfolio Investments.

Section 10.Fees and Expenses of Custodian.

Section 11.Removal of Custodian.

(a)The Agent or the Borrower, upon (i) at least thirty (30) days prior written notice to the Custodian and the other party, may remove and discharge the Custodian (or any successor custodian thereafter appointed), with cause, and (ii) at least sixty (60) days prior written notice to the Custodian and the other party, and with the consent of the other party (which consent shall not be unreasonably withheld), may remove and discharge the Custodian (or any successor custodian thereafter appointed), without cause, from the performance of its obligations under this Custodial Agreement; provided, that, if a Default or an Event of Default has occurred and is continuing, (Y) the Borrower’s consent shall not be required as a condition to Agent’s removing or discharging the Custodian without cause, and (Z) the Borrower shall have no right to remove or discharge the Custodian without cause. Promptly after the giving of notice of removal of the Custodian, the Agent shall appoint, by written instrument, a successor custodian, which appointment shall, unless a Default or an Event of Default has occurred and is continuing, require the consent of the Borrower, which consent shall not be unreasonably withheld. One original counterpart of such instrument of appointment shall be delivered to each of the Agent, the Borrower, the Custodian and the successor custodian.

(b)In the event of any such removal, the Custodian shall promptly transfer to the successor custodian, as directed in writing, all the Investment Files being administered under this Custodial Agreement. The cost of the shipment of Investment Files shall be at the expense of the Custodian, in the event of a removal for cause, and otherwise at the expense of the Borrower. The Borrower shall be responsible for the fees and expenses of the successor custodian.

Section 12.Examination of Investment Files.

Section 13.Insurance of Custodian.

Section 14.Counterparts.

Section 15.Governing Law/Submission to Jurisdiction.

This Agreement shall be deemed to have been made in and shall be construed in accordance with the laws of the State of North Carolina and its validity, construction and effect shall be governed by the internal laws of the State of North Carolina applicable to agreements wholly performed therein. The appropriate state and federal courts located in the County of Mecklenburg or the County of Forsyth in the State of North Carolina shall be an appropriate venue for any action, suit or other proceeding arising from or based upon this Agreement. The parties hereto waive any objection to the propriety or convenience of venue in such courts or to the jurisdiction of such courts over any party and agree that any judgment entered therein may be enforced with no further defense or offset in any jurisdiction in which the defendant is a citizen, resides or owns property. Nothing in this Section 15 shall affect the right of the Agent to bring any action or proceeding against any party hereto or its property in the courts of any other jurisdiction.

Section 16.Copies of Documents from Investment Files.

Section 17.Resignation of Custodian.

The Custodian may resign upon at least sixty (60) days prior written notice to the Borrower and the Agent. Upon such resignation, the Agent may appoint a successor custodian in accordance with Section 11 hereof, and the resigning Custodian shall immediately comply with the provisions of such Section 11. If a successor is not appointed within forty-five (45) days, the Custodian may petition a court of competent jurisdiction for a successor. Regardless of the reasons for the removal or resignation of the Custodian, the

obligations of a removed or resigning Custodian under this Custodial Agreement and its status as custodian for and bailee of the Agent with respect to the Collateral covered hereby shall continue until all of the Investment Files being administered under this Custodial Agreement have been transferred to the successor custodian in accordance with Section 11. The payment of such successor custodian’s fees shall be solely the responsibility of the Borrower.

Section 18.Term of Agreement.

Section 19.Notices.

At such address, phone number and facsimile number as set forth in Exhibit 4 hereto.

The Agent, the Custodian and the Borrower may, in each of its own discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications; provided further that the forgoing shall not apply to the delivery or release of Investment Files. All such notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment), provided that if not given during the normal business hours of recipient, such notice or communications shall be deemed to have given at the opening of business on the next Business Day for the recipient.

Section 20.Successors and Assigns.

Section 21.Liability of the Custodian.

Section 22.Indemnification.

Section 23.Custodian’s Reliance.

Section 24.Merger or Consolidation of Custodian.

Section 25.Transmission of Investment Files.

The Custodian shall use United Parcel Service, Federal Express or other nationally recognized overnight courier service for the purpose of transmission of the Investment Files in the performance of the Custodian’s duties hereunder. The Borrower will arrange for the provision of such services at its sole cost and expense (or, at the Custodian’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instruction) and will maintain such insurance against loss or damage to Investment Files as the Agent deems appropriate. Without limiting the generality of the provisions of Section 21 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person, including without limitation, the Borrower, arising out of actions of the Custodian consistent with instructions of the Borrower.

Section 26.Authorized Representatives.

Each representative of the Agent, the Borrower and the Custodian who is named on Exhibit 4, Exhibit 5, or Exhibit 6 hereto, respectively (an “Authorized Person”) is authorized to give and receive notices, requests and instructions, to deliver certificates and documents in connection with this Agreement on behalf of the Agent, the Borrower or the Custodian, respectively, and may, by delivering to the others a revised exhibit, change the information previously given, but each of the other parties hereto shall be entitled to rely conclusively on the last exhibit until receipt of a superseding exhibit.

Section 27.Reproduction of Documents.

Section 28.Force Majeure.

Section 29.Confidentiality Agreement.

Section 30.No Amendments.

Section 31.Express Duties.

Section 32.Enforcement of Rights.

Section 33.No Proceedings.

Section 34.Custody Agreement.

Section 35.Effect of Restatement. This Agreement amends and restates the Existing Custodial Agreement in its entirety and supersedes the Existing Custodial Agreement in all respects.

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BORROWER:

Name: Steven C. Lilly    

CUSTODIAN:

AGENT:

Date: ___________, ______                                    No.________

To:     

Address:     

In connection with the above-referenced Custodial Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Custodial Agreement”), the undersigned, as Custodian, hereby certifies that as to each Portfolio Investment listed in the List of Portfolio Investments attached hereto, (i) it has in its physical possession the related Investment File with respect to such Portfolio Investment listed on the List of Portfolio Investments attached hereto (excluding the items listed on the schedule of exceptions attached hereto, if any) (the “Property”), (ii) that it is not holding the Property on behalf of the Borrower or any other person or entity (including itself), and (iii) that it will hold such Investment File as bailee and agent for and on behalf of the Agent for purposes of perfecting the interests of the Agent, for the benefit of the secured parties referred to in the Credit Agreement, as provided in Section 9-313 of the UCC. The Custodian agrees that it will continue to hold the Property in its possession and not transfer the Property without the prior written consent of the Agent except in accordance with the Custodial Agreement. The Custodian has reviewed the related Investment File and has determined that, except as set forth on the Exception Report attached hereto, (i) all documents required to be delivered to it pursuant to the Custodial Agreement are in its possession, (ii) such documents have been reviewed by it and appear regular on their face and relate to such Portfolio Investment, (iii) based on its examination of the foregoing documents, such documents on their face satisfy the requirements set forth in Section 2 of the Custodial Agreement, provided, that the Custodian has no obligation to verify the receipt of any such documents the existence of which was not made known to the Custodian by the schedule provided to the Custodian by the Borrower, and provided, further, that the Custodian has no obligation to determine whether recordation of any such modification is necessary; (iv) all documents required to be delivered to it pursuant to Section 2 of the Custodial Agreement are in its possession; (v) all other documents required to be delivered to it pursuant to Section 2 of the Custodial Agreement are in its possession.

The undersigned acknowledges and agrees that the Agent is the express third party beneficiary of the rights of the Borrower arising under the Custodial Agreement. The undersigned acknowledges that the Agent shall have the right, subject to the terms of the Loan Documents, to enforce the Borrower’s rights and remedies under the Custodial Agreement, including, without limitation, the right at any time to enforce the Custodial Agreement and the obligations of the Custodian thereunder, and the right at any time to give or withhold any and all consents, requests, notices, directions, approvals, demands, extensions or waivers under or with respect to the Custodial Agreement with respect to the Investment Files covered by this Trust Receipt, provided, however, that the Agent shall not be obligated to perform any of the obligations of the Borrower under the Custodial Agreement. The Custodian acknowledges that the rights of the Agent with respect to

By:        

Name:     

Title:     

Obligor’s Address & Zip Code:

Reason for Requesting Documents: (check one)

[In connection with this Request for Release and Receipt, the Borrower hereby certifies to the Agent and the Custodian that, as of the date hereof, no Default or Event of Default has occurred and is continuing under the Credit Agreement.] 1

By:        

Name:     

Title:     

Date:     

By:    

Name:     

Title:     

Date:                 ] 2

By:    

Name:     

Title:     

Date:     

1 Include for any requests made by the Borrower.

1.    Original promissory note[s], and endorsements for each such note, executed in blank, as follows: [promissory notes by _________ dated _____ __, 20__, in the original principal amount of $_____________];

2.    Original certificates representing equity interests, together with transfer powers for each such certificate, executed in blank, as follows: [Certificate No. ___ of ___ shares of [Name of Issuer], Certificate No. ___ of ___ shares of [Name of Issuer]]; and

3.    [Describe any of the following specifically, if applicable: [Letter of Credit], [Instruments], [certificates of deposit], [Loan and Security Agreement].

On this ____ day of _______ 20__, Triangle Capital Corporation (the “Borrower”), under that certain Amended and Restated Custodial Agreement, dated as of _______________, 2014 (the “Agreement”), among Borrower, Branch Banking and Trust Company, Institutional Services Trust Operations (the “Custodian”), and Branch Banking and Trust Company, as Agent (the “Agent”), does hereby instruct the Custodian to hold, in its capacity as Custodian, the Investment Files with respect to the Portfolio Investments listed on Attachment A hereto, which Portfolio Investments and documents constituting such Investment Files shall be subject to the terms of the Agreement as of the date hereof.

By:        

Name:     

Title:     

1.    Original promissory note[s], and endorsements for each such note, executed in blank, as follows: [promissory notes by _________ dated _____ __, 20__, in the original principal amount of $_____________];

2.    Original certificates representing equity interests, together with transfer powers for each such certificate, executed in blank, as follows: [Certificate No. ___ of ___ shares of [Name of Issuer], Certificate No. ___ of ___ shares of [Name of Issuer]]; and

3.    [Describe any of the following specifically, if applicable: [Letter of Credit], [Instruments], [certificates of deposit], [Loan and Security Agreement].

Re: [Identify Portfolio Investment]    

At the request of Triangle Capital Corporation (the “Company”), subject to the terms and conditions set forth herein, we hereby deliver the documents described on Attachment A hereto (the “Original Documents”) evidencing the following investment owned by the Company: [Identify Portfolio Investment] (hereinafter, the “Portfolio Investment”). We have released possession of the Original Documents to you only in reliance on your agreement with the terms and conditions set forth herein.

[Signature page follows]

By:        

Name:     

Title:     

1.    Original promissory note[s], and endorsements for each such note, executed in blank, as follows: [promissory notes by _________ dated _____ __, 20__, in the original principal amount of $_____________];

2.    Original certificates representing equity interests, together with transfer powers for each such certificate, executed in blank, as follows: [Certificate No. ___ of ___ shares of [Name of Issuer], Certificate No. ___ of ___ shares of [Name of Issuer]]; and

3.    [Describe any of the following specifically, if applicable: [Letter of Credit], [Instruments], [certificates of deposit], [Loan and Security Agreement].

By:        

Name:     

Title: