Gresham Capital CLO IV B.V. - Irish Stock Exchange

contractual rights) or any of them owned or thereafter acquired by the Issuer from time to time
including, without limitation, any of the same acquired by the Issuer in relation to the issue of the
Notes or any Further Issue Notes, all moneys received in respect thereof, all dividends and
distributions paid or payable thereon, all property paid, distributed, accruing or offered at any time
on, to or in respect of or in substitution therefor and the proceeds of sale, repayment and
redemption thereof;
(ii) a first fixed charge in favour of the Trustee for the benefit of the Secured Parties over all of the
Issuer’s right, title, interest and benefit, present and future, in and to the CLO Securities, Special
Debt Securities, Defaulted Equity Securities, Collateral Enhancement Securities and all other
Collateral Debt Securities (where such obligations are securities), or any of them owned or
thereafter acquired by the Issuer from time to time including, without limitation, any of the same
acquired by the Issuer in relation to the issue of the Notes or any Further Issue Notes, all moneys
received in respect thereof, all dividends and distributions paid or payable thereon, all property
paid, distributed, accruing or offered at any time on, to or in respect of or in substitution therefor
and the proceeds of sale, repayment and redemption thereof;
(iii) a first fixed charge in favour of the Trustee for the benefit of the Secured Parties over the Issuer’s
right, title, interest and benefit, present and future, in and to each of the Accounts and any other
accounts in which the Issuer may at any time have or acquire (including, without limitation, after
the date hereof) any right, title, interest or benefit other than, in each case, any Securities Lending
Account (although the charge over (1) the Collateral Enhancement Account shall be for the benefit
of the Class N Noteholders only and (2) each Stand-by Account shall be for the benefit of the
relevant Class A1A Noteholder only and (3) the Stand-by Liquidity Account shall be for the
benefit of the Liquidity Facility Provider only) and all moneys from time to time standing to the
credit thereof and the debts represented thereby and including, without limitation, all interest
accrued and other moneys received in respect thereof;
(iv) a first fixed charge in favour of the Trustee for the benefit of the Secured Parties over all of the
Issuer’s right, title, interest and benefit, present and future, in and to any principal, interest and
other payments and distributions of cash and other property with respect to the Collateral Debt
Securities owned or thereafter acquired by the Issuer from time to time including, without
limitation, any of the same acquired by the Issuer in relation to the issue of Notes or any Further
Issue Notes;
(v) a fixed charge in favour of the Trustee for the benefit of the Secured Parties over all of the Issuer’s
right, title, interest and benefit, present and future, in and to any Synthetic Security Collateral
owned or thereafter acquired by the Issuer from time to time including, without limitation, any of
the same acquired by the Issuer in relation to the issue of the Notes or any Further Issue Notes, in
each case ranking only behind any security interest granted in favour of a Synthetic Security
Obligor in its capacity as such in relation to any Synthetic Security Collateral;
(vi) a first fixed charge over all the Issuer’s right, title, interest and benefit, present and future, in and to
the Eligible Investments owned or thereafter acquired by the Issuer from time to time including,
without limitation, any of the same acquired by the Issuer in relation to the issue of the Notes or
any Further Issue Notes, together with all monies, income and proceeds payable or due to become
payable thereunder and all interest accruing thereon from time to time (although the charge over
(1) any Eligible Investments acquired with the amounts standing to the credit of any Stand-by
Account shall be charged in favour of the Trustee for the benefit of the relevant Class A1A
Noteholder only and (2) any Eligible Investments acquired with the amounts standing to the
balance of any Stand-by Liquidity Account shall be charged in favour of the Trustee for the benefit
of the Liquidity Facility Provider only);
(vii) a first fixed charge and first priority security interest (where the applicable assets are securities)
over, or an assignment by way of security (where the applicable rights are contractual obligations)
of, all rights of the Issuer in respect of, any Securities Lending Collateral standing to the credit of
the Securities Lending Account including, without limitation, all moneys received in respect
thereof, all dividends and distributions paid or payable thereon, all property paid, distributed,
accruing or offered at any time on, to or in respect of or in substitution therefor and the proceeds of
sale, repayment and redemption thereof and over the Securities Lending Account and all moneys
from time to time standing to the credit of the Securities Lending Account and the debts
108