Contract analysis

Article I — Name The name of the limited liability company formed hereby is: Driftwood CLO 2023-I, LLC (hereinafter referred to as the "Company").

Article II — Registered Office and Registered Agent The address of the registered office of the Company in the State of Delaware is: 1209 Orange Street Wilmington, Delaware 19801 County of New Castle The name of the registered agent of the Company for service of process at such address is: National Registered Agents Inc.

Article III — Purpose The Company is formed for the purpose of engaging in any lawful act or activity for which a limited liability company may be formed under the Act. The specific limited purposes for which the Company is organized, including but not limited to the co-issuance of secured and subordinated notes and all activities related or incidental thereto, are set forth in the Limited Liability Company Agreement

Article IV — Effective Date This Certificate of Formation shall be effective upon its filing with the Secretary of State of the State of Delaware in accordance with the provisions of the Act.

Article V — Authorized Person The name and address of the authorized person executing this Certificate of Formation are as follows: Hannah Brinkley Calderwood & Harkness LLP 450 Park Avenue New York, New York 10022 The above-named authorized person is executing this Certificate of Formation solely for the purpose of forming the Company and filing this Certificate of Formation with the Secretary of State of the State