Management Fee Waiver Agreement between Owl Rock Technology Advisors II LLC and Owl Rock Technology Income Corp.
Owl Rock Technology Advisors II LLC agrees to waive 100% of the management fee owed by Owl Rock Technology Income Corp. from January 1, 2022, through October 31, 2022, under their existing Investment Advisory Agreement. The waived fees cannot be recouped later. This waiver is intended to reduce the total fees the Company pays to the Adviser for the year ending December 31, 2022.
Exhibit 10.20
Owl Rock Technology Advisors II LLC
399 Park Avenue New York, NY 10022
March 23, 2022
Craig W. Packer
Owl Rock Technology Income Corp. 399 Park Avenue
New York, NY 10022
Re: Waiver of Management Fee
Dear Mr. Packer,
Reference is hereby made to the Investment Advisory Agreement (the “Investment Advisory Agreement”), dated November 30, 2021, by and between Owl Rock Technology Income Corp. (the “Company”) and Owl Rock Technology Advisors II 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 Management Fee from January 1, 2022 through October 31, 2022, as calculated in accordance with the Investment Advisory Agreement.
No portion of the Management Fee waived shall 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, 2022.
Sincerely yours, | ||
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Owl Rock Technology Advisors II LLC | ||
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By: |
| /s/ Neena Reddy |
Name: |
| Neena Reddy |
Title: |
| General Counsel and Chief Legal Officer |
