Material Agreement (Form 8-K)

On June 1, 2026 (the "Closing Date"), SPCIF Funding II LLC, a Delaware limited liability company ("Funding II") and a wholly owned subsidiary of Stone Point Credit Income Fund, a Delaware statutory trust (the "Fund"), entered into a revolving credit and security agreement (the "Credit Agreement"), with Funding II, as borrower, the lenders from time to time parties thereto, Truist Bank, as administrative agent and swingline lender, Truist Securities, Inc., as lead arranger, Stone Point Credit Income Adviser LLC, as collateral manager, and The Bank of New York Mellon Trust Company, National Association, as collateral agent and collateral administrator. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Credit Agreement.

From time to time, the Fund expects to sell and contribute certain investments to Funding II pursuant to a Purchase and Contribution Agreement, dated as of the Closing Date, by and between the Fund and Funding II. The maximum principal amount of the Credit Agreement as of the Closing Date is $200 million, which can be drawn in multiple currencies subject to certain conditions; the availability of this amount is subject to a borrowing base, which is determined on the basis of the value and types of assets held by Funding II from time to time, and satisfaction of certain conditions, including certain concentration limits. The Credit Agreement contains an accordion provision that permits an increase to the maximum principal amount up to $750 million.

The Credit Agreement provides for the ability to draw and redraw revolving loans under the Credit Agreement for a period ending May 31, 2030, unless the commitments are terminated sooner as provided in the Credit Agreement. Unless otherwise terminated, the Credit Agreement will mature on May 31, 2031.

Amounts drawn under the Credit Agreement will bear interest, depending on the advance type, at the applicable benchmark rate (which, for U.S. dollar advances, is three-month Term SOFR), in each case, plus an applicable margin of 1.90% per annum, which applicable margin will increase by 0.125% per annum after the end of the revolving period. The Credit Agreement contains customary covenants and customary events of default. The Credit Agreement is secured by a security interest in the assets of Funding II and on any payments received by Funding II in respect of such assets. Assets pledged to the lenders under the Credit Agreement will not be available to pay the debts of the Fund.

Borrowings under the Credit Agreement are considered borrowings of the Fund for purposes of the Fund's compliance with the asset coverage requirements under the Investment Company Act of 1940, as amended.

The description above is only a summary of the material provisions of the Credit Agreement and the Purchase and Contribution Agreement and is qualified in its entirety by reference to the full text of the Credit Agreement and the Purchase and Contribution Agreement, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.