Material Agreement Form 8 K

On November 15, 2024, 26N DL Funding 1 LLC ("Financing SPV"), a wholly owned subsidiary of 26North BDC, Inc. (the "Company"), entered into Amendment No. 3 (the "Amendment No. 3") to that certain Loan and Security Agreement, dated as of October 18, 2023 (as amended by Amendment No. 1 dated as of July 3, 2024 and Amendment No. 2 dated as of September 30, 2024, and as further amended, restated or otherwise modified from time to time, the "JPM Facility"), by and among Financing SPV, as the Borrower, the Company, as the Parent and a Pledgor, 26N DL SPV LLC, as a Pledgor, 26North Direct Lending LP as Portfolio Manager, the Lenders party thereto, the Collateral Agent, Collateral Administrator and Securities Intermediary party thereto, and JPMorgan Chase Bank, National Association, as Administrative Agent. Amendment No. 3 amended certain terms of the JPM Facility, including, but not limited to, amendments to increase the Commitment to a total of $500,000,000. The other material terms of the JPM Facility remain unchanged. Borrowings under the JPM Facility are subject to various covenants under the related agreements as well as the leverage restrictions contained in the Investment Company Act of 1940, as amended.

Capitalized terms used but not defined in this Item 1.01 shall have the meanings given to them in the JPM Facility.

The description above is only a summary of the material provisions of Amendment No. 3 and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this current report on Form 8-Kand incorporated by reference herein.