INITIAL SUBSCRIPTION AGREEMENT

Exhibit (p)

INITIAL SUBSCRIPTION AGREEMENT

This Agreement is made as of the 16th day of May, 2024 between ▇▇▇▇ ▇▇▇▇▇▇▇ Life Insurance Company (USA), a stock life insurance company (“JHUSA”), and ▇▇▇▇ ▇▇▇▇▇▇▇ Multi Asset Credit Fund, a Massachusetts trust (the “Fund”).

WHEREAS, the Fund wishes to sell to JHUSA, and ▇▇▇▇▇ wishes to purchase from the Fund, $100,000 of common shares of beneficial interest, $.001 par value per share, of the Fund (5,000 common shares at a purchase price of $20.00 per share (collectively, the “Shares”)); and

WHEREAS, JHUSA is purchasing the Shares for the purpose of providing the initial capitalization of the Fund as required by the Investment Company Act of 1940, as amended;

NOW, THEREFORE, the parties hereto agree as follows:

 

1.	Promptly after the execution of this Agreement, JHUSA will wire $100,000 to the Fund in full payment for the Shares.

 

2.	▇▇▇▇▇ agrees that it is purchasing the Shares for investment and has no present intention of reselling the Shares.

Executed as of the date first set forth above.