Owl Rock Capital Advisors LLC Waiver of Incentive Fee on Income Agreement with Owl Rock Capital Corporation II (2018)
Owl Rock Capital Advisors LLC has agreed to waive 100% of the incentive fee on income that would have been payable by Owl Rock Capital Corporation II for the year ended December 31, 2018. This waiver is final and the waived amount cannot be recouped in the future. The agreement is intended to reduce the total fees paid by the company to the adviser for that year. The waiver is documented in a letter signed by the adviser's Chief Operating Officer.
Exhibit 10.6
Owl Rock Capital Advisors LLC
399 Park Avenue, 38th Floor
New York, NY 10022
February 27, 2019
Craig W. Packer
Owl Rock Capital Corporation II
399 Park Avenue, 38th Floor
New York, NY 10022
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| Re: | Waiver of Incentive Fee on Income |
Dear Mr. Packer,
Reference is hereby made to the Investment Advisory Agreement (the “Investment Advisory Agreement”), dated February 6, 2017, by and between Owl Rock Capital Corporation II (the “Company”) and Owl Rock Capital Advisors LLC (the “Adviser”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Investment Advisory Agreement.
We hereby agree to waive 100% of the Incentive Fee on Income for the year ended December 31, 2018, as calculated in accordance with U.S. GAAP.
Any portion of the Incentive Fee on Income waived shall not be subject to recoupment.
For the avoidance of doubt, the purpose of the waiver described herein is to reduce aggregate fees payable to the Adviser by the Company for the year ended December 31, 2018.
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| Sincerely yours, | |
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| Owl Rock Capital Advisors LLC | |
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| By: |
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| Name: Alan Kirshenbaum |
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| Title: Chief Operating Officer |
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