CLOSED-END FUND DISTRIBUTION SERVICES AGREEMENT

APPOINTMENT. The Adviser hereby retains Vision to furnish, and Vision hereby agrees to furnish, the services set forth in paragraph 2 below.

SERVICES AND DUTIES OF VISION. At such times and to the extent that the Adviser may reasonably request, Vision registered representatives who are also employees of Vision will assist the Adviser with the distribution of the Shares in an initial public offering (the “Offering”) by:

making all of its registered representatives who are also employees of Vision available to the Adviser and the Fund to aid in the distribution of the Shares and to generally provide sales services with respect to the Shares;

developing, coordinating, and executing a targeted “road show” with respect to the Offering;

customizing marketing materials for use by, and presentations to the sales networks at, broker-dealers or other entities that distribute the Shares;

assisting in the review of marketing materials made available to prospective investors and broker-dealers;

assisting in scheduling and marketing national, informational conference calls in targeted broker-dealer channels for the Offering;

organizing and hosting meetings with key financial advisers, closed-end fund wholesalers, analysts, service providers and ratings and information organizations that cover closed-end funds;

making such reports and recommendations to the board of trustees of the Fund (the “Board”) as the Board and/or the Adviser may reasonably request or deem appropriate;

replying to requests for information from broker-dealers or prospective investors concerning the Shares, the Offering or the Fund;

providing the sales support and marketing services typical for an initial public offering of common shares of a closed-end fund; and

providing such other services as the parties may mutually agree from time to time.

COMPLIANCE WITH LAW. In all matters pertaining to the performance of this Agreement, including the payments contemplated by Section 7(b), Vision will act in conformity with the reasonable directions of the Adviser and the Board, officers and employees of the Fund and will conform to and comply with the requirements of the 1940 Act and the rules and regulations thereunder and all other applicable federal and state laws and regulations, including, without limitation rules and regulations promulgated by the Securities and Exchange Commission (“SEC”) and FINRA.

SERVICES NOT EXCLUSIVE. The services to be provided hereunder by Vision are not deemed to be exclusive, and Vision and each of its respective members, officers, employees and affiliates are free to render such services to other funds or clients as long as Vision’s services under this Agreement are not impaired thereby. In addition, the Adviser is free to obtain similar distribution services with respect to the Fund.

REPRESENTATIONS, WARRANTIES AND COVENANTS OF VISION.

Vision has obtained all necessary registrations, licenses and approvals in order to perform the services provided in this Agreement. Vision is registered as a broker-dealer with the SEC, is a member of FINRA and is registered in each state where such registration is required. Vision covenants to maintain all necessary registrations, licenses and approvals in effect during the term of this Agreement.

Vision shall promptly notify the Adviser (i) in the event that the SEC, FINRA or any other United States or state regulatory authority, governmental agency or body or securities exchange or association has censured Vision’s activities, functions or operations, suspended or revoked any registration, license or approval, or has commenced proceedings or an investigation that may result in any of these actions, (ii) in the event that there is a change of control of Vision or a change in its senior management or (iii) of any change to Vision that materially and adversely affects its ability to perform services under this Agreement.

Vision is a validly existing entity and has full corporate power and authority to perform its obligations under this Agreement, (i) its performance of this Agreement and its conduct in connection with the provision of the services described in this Agreement do not, and will not, violate any applicable provision of law, statute, rule or regulation to which it is subject, and do not and will not cause the Adviser to violate any law, statute, rule, or regulation to which the Adviser is subject, (ii) and none of the information it has supplied to the Adviser or any representative of the Adviser in connection with the services misstates a material fact or omits information necessary to make the information supplied not materially misleading, (iii) this Agreement has been duly and validly authorized, executed and delivered on behalf of Vision and constitutes the binding and enforceable obligation of Vision in accordance with its terms, and (iv) the execution and delivery of this Agreement, the incurrence of its obligations herein set forth and the consummation of the transactions contemplated herein will not constitute a breach of, or default under, its constituent documents, other instruments to which Vision is a party or by which Vision is bound or affected, or under any order, rule or regulation applicable to Vision of any court or any governmental body or administrative agency having jurisdiction over Vision, except for those breaches or defaults that would not adversely affect Vision’s ability to perform its obligations under this Agreement.

Vision (i) is subject to and has adopted policies and procedures reasonably designed to comply with, FINRA Rule 2030, regarding engaging in distribution and solicitation activities with government entities, and (ii) has reviewed and understands Rule 206(4)-5 (the “Rule”) promulgated by the SEC under the Investment Advisers Act of 1940, and Vision shall not, and shall cause each of its members, managers, employees and affiliates, including each registered representatives who is also an employee of Vision, (each of the foregoing, together with Vision, “Vision Representatives”) not to engage in conduct that would

reasonably be expected to (i) cause paragraphs (a)(1) or (a)(2) of the Rule to apply to the Adviser or any of its affiliates (taking into account the exceptions provided by paragraph (b) of the Rule, to the extent applicable) or (ii) constitute a violation of paragraph (a)(2) of the Rule with respect to the Adviser or its affiliates, in either case, as though each Vision Representative was a covered associate of the Adviser or its affiliates. Vision hereby further represents and warrants that (except to the extent disclosed in writing to the Adviser as of the date hereof) no Vision Representative has, in the two year period prior to the date of this Agreement, engaged in conduct that would reasonably be expected to cause paragraph (a)(1) of the Rule to apply to the Adviser or its affiliates (taking into account the exceptions provided by paragraph (b) of the Rule, to the extent applicable) as though each Vision Representative was a covered associate of the Adviser or its affiliates. Each of the representations, warranties and agreements in this Section 5(d) shall be subject to and interpreted in accordance with the other paragraphs of the Rule, including, without limitation, paragraphs (c) and (d) thereof. Terms used in this subsection shall have the same meanings ascribed to them as set forth in paragraph (f) of the Rule.

Any information furnished by Vision expressly for use in the Fund’s registration statement, prospectus, statement of additional information, sales literature or advertising or marketing materials does not or will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE ADVISER.

The Adviser agrees that it shall promptly notify Vision (i) in the event that the SEC or any other United States or state regulatory authority, governmental agency or body or securities exchange or association has censured in writing the Adviser’s or the Fund’s activities, functions or operations, suspended or revoked any registration, license or approval, or has commenced proceedings that may result in any of these actions, (ii) in the event that there is a change of control of the Adviser or (iii) of any change to the Adviser that materially and adversely affects the Adviser’s ability to perform its obligations under this Agreement.

The Adviser represents and warrants that (i) it is a validly existing entity and has full power and authority to perform its obligations under this Agreement, (ii) this Agreement has been duly and validly authorized, executed and delivered on its behalf and constitutes the binding and enforceable obligation of the Adviser in accordance with its terms, (iii) the execution and delivery of this Agreement, the incurrence of its obligations herein set forth and the consummation of the transactions contemplated herein will not constitute a breach of, or default under, its constituent documents, other instruments to which the Adviser is a party or by which the Adviser is bound or affected, or under any order, rule or regulation applicable to it of any court or any governmental body or administrative agency having jurisdiction over it, and (iv) the Adviser is, or will be prior to the commencement of investment operations of the Fund, registered as an investment

adviser under the Investment Advisers Act of 1940 and in any state where registration is required.

COMPENSATION.

As compensation for the services to be provided by Vision to the Adviser under this Agreement, the Adviser shall pay Vision a sales commission as follows:

Within 10 business days of the closing date of the initial public offering of the Shares, the Adviser shall pay Vision a fee in an amount equal to 0.35% (35 basis points) of the total price to the public of the Shares sold in the Offering (including any Shares offered pursuant to an underwriter’s overallotment option);

On the date 12 months following the settlement date of the initial public offering of the Fund’s shares, the Adviser shall pay Vision a fee in an amount equal to 0.175% (17.5 basis points) of the total price to the public of the Shares sold in the Offering (including any Shares offered pursuant to an underwriter’s overallotment option);

On the date 24 months following the settlement date of the initial public offering of the Fund’s shares, the Adviser shall pay Vision a fee in an amount equal to 0.175% (17.5 basis points) of the total price to the public of the Shares sold in the Offering (including any Shares offered pursuant to an underwriter’s overallotment option).

As compensation for the services under this Agreement, Vision may, outside of its arrangement with the Adviser under this Agreement, pay compensation to those persons who are registered representatives of Vision and employees of Vision pursuant to the terms of the contract between Vision and the registered representative.

REIMBURSEMENT OF EXPENSES. The Adviser will promptly reimburse Vision for all reasonable and documented out-of-pocket expenses incurred by it and its registered representatives providing services in connection with this Agreement, including expenses associated with hosting training and educational events and meetings as contemplated under this Agreement, and expenses associated with travel, lodging, meals, printing, shipping, mailing expenses and other similar expenses. Such out-of-pocket expenses shall not exceed $400,000. In addition, the Adviser will promptly reimburse Vision up to $65,000 for out-of-pocket expenses incurred by it in connection with an in-person training session to educate Vision registered representatives prior to the launch date of the road show. Vision shall invoice the Adviser and provide reasonable evidence of such expenses.

LIMITATION OF LIABILITY OF VISION. Except as otherwise provided herein, Vision will not be liable for any act or omission or for any error of judgment or for any loss suffered by the Adviser in connection with the performance of its duties under this

LIMITATION OF LIABILITY OF THE ADVISER. The Adviser will not be liable for any act or omission or for any error of judgment or for any loss suffered by Vision in connection with the performance of its duties under this Agreement, except a loss resulting from willful misfeasance, bad faith or gross negligence on its part in the performance of its duties, from the reckless disregard by it of its duties under this Agreement or from a material breach by the Adviser of any representation, warrant or covenant hereunder (“Adviser Disabling Conduct”).

TERMINATION.

This Agreement may be terminated solely as follows:

The Adviser may terminate this Agreement upon 10 days’ prior written notice to Vision in the event of a material breach by Vision of any of its obligations, representations, warranties or covenants contained in this Agreement.

Vision may terminate this Agreement upon 10 days’ prior written notice to the Adviser in the event of a material breach by the Adviser of any of its obligations, representations, warranties or covenants contained in this Agreement.

This Agreement may also be terminated upon the express written mutual agreement of Vision and the Adviser upon 30 days’ prior written notice.

In the event that the Adviser terminates this Agreement pursuant to paragraph 11(a)(i), the Adviser shall not be responsible for paying any fee to Vision or for reimbursing any expense of Vision pursuant to paragraph 8 above.

AMENDMENT OF THIS AGREEMENT. No provision of this Agreement may be changed, waived, discharged, amended or terminated orally, but only by an instrument in writing signed by Vision and the Adviser.

CONFIDENTIALITY. Vision and the Adviser each acknowledge that it may obtain certain confidential information of the other party to this Agreement or, in the case of Vision, of the Fund or its Shareholders or prospective shareholders, during the performance of its duties under this Agreement and each party hereto agrees to treat all such confidential information as proprietary information of the applicable party and to keep such information confidential by using the same care and discretion it uses with respect to its own confidential information, property and trade secrets, provided that a party may disclose confidential information if (i) such disclosure is approved in writing by the applicable party to which the confidential information relates or originates or (ii) such disclosure is required by applicable laws, rules, and regulations, or such disclosure is made to a regulatory authority in the normal course of an examination, audit or investigation involving the receipt or otherwise in response to a valid request by a regulatory authority. If a party is required or requested to disclose confidential information of another party pursuant to (ii) above, such party shall, to the extent not prohibited by applicable law, immediately notify the other parties to this Agreement in order to provide such parties the opportunity to pursue such legal or other action as such parties may desire to prevent the release of such confidential information, and such party agrees to provide reasonable assistance to any party seeking to prevent the release of such confidential information, at the expense of the requesting party.

TRADEMARK. Vision 4 may use the Adviser’s trade name or any name derived from the Adviser’s trade name only in a manner consistent with the nature of this Agreement for so long as this Agreement or any extension, renewal, or amendment hereof remains in effect. Any other uses of the Adviser’s trade name shall require advance written permission of the Adviser. Adviser acknowledges that the word ‘‘DoubleLine” is a registered trademark of the Adviser and agrees to provide notice of that trademark in written materials, including with disclosure “DoubleLine” is a registered trademark of DoubleLine Capital LP” or use of the ^® symbol or both as may suitable to the usage of “DoubleLine” in the materials in which the word DoubleLine appears.

GOVERNING LAW. This Agreement and all questions relating to its validity, interpretation, performance and enforcement shall be construed in accordance with the laws of the State of New York, notwithstanding any conflict of laws doctrines of any jurisdiction to the contrary.

BOOKS AND RECORDS.

In compliance with the requirements of the 1940 Act, Vision hereby agrees that all records which it may maintain for the Fund or the Adviser, as the case may be, are the property of the Adviser and the Fund, as the case may be, and further agrees to surrender promptly to the Adviser or the Fund, as the case may be any of such records upon request. Vision may retain such copies of records delivered to the Adviser or Fund as may be required to satisfy its record keeping requirements; provided that it holds such copies in strict confidence for as long as it retains them.

Vision hereby agrees to furnish to regulatory authorities having the requisite authority any information or reports in connection with services that Vision renders pursuant to this Agreement which may be requested in order to ascertain whether the operations of the Adviser and/or the Fund are being conducted in a manner consistent with applicable laws and regulations. If Vision is required or requested to provide any information or reports to regulatory authorities, Vision shall, to the extent not prohibited by applicable law, immediately notify the Adviser in order to provide the Adviser the opportunity to pursue such legal or other action as it may desire to prevent the release of the information or reports, and Vision agrees to provide reasonable assistance to the Adviser in seeking to prevent the release of the information.

BENEFIT TO OTHERS. The understandings contained in this Agreement are for the sole benefit of the parties hereto and their respective successors and assigns and, except as otherwise provided herein, they shall not be construed as conferring, and are not intended to confer, any rights on any other persons except as specifically provided herein.

BINDING NATURE OF AGREEMENT; NO ASSIGNMENT. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no party may assign or transfer its rights nor delegate its obligations under this Agreement without the prior written consent of Vision and the Adviser.

EXECUTION IN COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against the any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as signatories.

ENTIRE AGREEMENT. This Agreement contains the entire understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, oral or written, except as herein contained. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be modified or amended other than by an agreement in writing.

WAIVERS. Neither the failure nor any delay on the part of any party to this Agreement to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and signed by the party asserted to have granted such waiver.

MISCELLANEOUS. The captions of this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect. If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby.

NOTICES.