INVESTMENT ADVISORY AGREEMENT
CRESCENT CAPITAL BDC, INC.
CRESCENT CAP ADVISORS, LLC
This Investment Advisory Agreement (this Agreement) is hereby made as of this 5th day of January, 2021 (the Effective Date), by and between CRESCENT CAPITAL BDC, INC., a Maryland corporation (the Company), and CRESCENT CAP ADVISORS, LLC, a Delaware limited liability company (the Advisor).
WHEREAS, the Company operates as a closed-end, non-diversified management investment company;
WHEREAS, the Company has filed an election to be treated as a business development company under the Investment Company Act of 1940, as amended (the Investment Company Act);
WHEREAS, the Advisor is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the Investment Advisers Act); and
WHEREAS, the Company and the Advisor, with the approval of the Companys stockholders, desire to enter into this Agreement to set forth the terms and conditions for the provision by the Advisor of investment advisory services to the Company.
NOW, THEREFORE, in consideration of the promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
1. Duties of the Advisor.
(a) The Company hereby employs the Advisor to act as the investment adviser to the Company and to manage the investment and reinvestment of the assets of the Company, subject to the supervision of the board of directors of the Company (the Board of Directors), for the period and upon the terms herein set forth, in accordance with (i) the investment objective, policies and restrictions that are determined by the Board of Directors from time to time and disclosed to the Advisor, which objectives, policies and restrictions, as of the Effective Date, shall be those set forth in the Companys filings with the Securities and Exchange Commission (the SEC), as the same may be amended from time to time, (ii) the Investment Company Act, the Investment Advisers Act and all other applicable federal and state law and (iii) the Companys articles of incorporation and bylaws, as the same may be amended from time to time. Without limiting the generality of the foregoing, the Advisor shall, during the term and subject to the provisions of this Agreement, (i) determine the composition of the