AMENDED AND RESTATED OPERATING EXPENSE RESPONSIBILITY AGREEMENT

EX-10.2 2 d707912dex102.htm EX-10.2 EX-10.2

Exhibit 10.2

AMENDED AND RESTATED OPERATING EXPENSE RESPONSIBILITY AGREEMENT

This Amended and Restated Operating Expense Responsibility Agreement, entered into on the date set forth below, is by and among TriLinc Global, LLC, a Delaware limited liability company (“Sponsor”), TriLinc Advisors, LLC, a Delaware limited liability company (“Advisor”), and TriLinc Global Impact Fund, LLC, a Delaware limited liability company (“Fund” and together with the Sponsor and the Advisor, the “Parties”).

WHEREAS, the Sponsor has agreed to be responsible for the payment of the Fund’s cumulative operating costs incurred through March 31, 2014 (collectively as set forth in Exhibit A hereto and referred to as “Fund Expenses”).

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

1. Expense Responsibility for Fund Expenses. The Sponsor shall pay the Fund Expenses and will not seek reimbursement of the Fund Expenses until the Fund has raised at least $200 million of gross proceeds (the “Gross Proceeds Hurdle”) in the Company’s public offering of units of its limited liability company interest pursuant to the Registration Statement on Form S-1 (File No. 333-185676), as declared effective by the Securities and Exchange Commission on February 25, 2013. To the extent the Fund is not successful in satisfying the Gross Proceeds Hurdle, no amount will be payable by the Fund for reimbursement to the Sponsor of the Fund Expenses.

 

2. Entire Agreement. This Agreement sets forth the entire agreement of the Parties with respect to the matters contained herein and no prior or contemporaneous agreement or understanding pertaining to any such matter shall be effective for any purpose.

 

3. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to its principles of conflicts of laws.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties have executed this Agreement on May 9, 2014

 

TRILINC GLOBAL, LLC
By:  

 

Name:  
Title:  
TRILINC ADVISORS, LLC
By:  

 

Name:  
Title:  
TRILINC GLOBAL IMPACT FUND, LLC
By:  

 

Name:  
Title:  

Exhibit A

Schedule of Services Incurred by TriLinc Global Impact Fund, LLC through March 31, 2014

 

Vendor

   

Description of Services

    Amount  

AccuConference

    Communications    $ 1,610   

ANDE

    2013-2014 Membership      5,000   

ASTA

    Document Translation      1,167   

Bank of NY Mellon

    Fund Administration      75,000   

Bank of NY Mellon

    Bank fees      11,785   

Board of Managers

    Board Wages      229,625   

Board of Managers

    Board Meeting      38,728   

Credit Cards

    Travel - Dead deal costs      62,987   

Deloitte & Touche

    Audit      283,566   

Deloitte & Touche

    Tax services      56,477   

DST Systems, Inc.

    Transfer Agent      164,087   

Duff & Phelps

    Valuation services      10,225   

Emtek Solutions, LLC

    PAES/TAS      7,875   

Federal Agent

    PAES/TAS      12,750   

Greenberg Traurig

    Legal Services      225,143   

IDB Bank

    Due Diligence      50,000   

iUVO Talent

    PAES/TAS      12,318   

Josh Zuckerwise

    Travel expenses      4,023   

Legatum Global Development Limited

    PAES/TAS      292,500   

Lewis Kopp

    Expense reimbursement      14,348   

Maples and Calder

    Legal Services      10,138   

MF Analytics

    PAES/TAS      65,159   

PathNorth

    2013 Core Membership      4,167   

Paul Sanford

    Travel expenses      5,212   

Payroll

    PAES/TAS      150,091   

Robert Mora

    PAES/TAS      97,791   

Rothstein Kass

    SOX Implementation/Compliance      62,077   

RR Donnelley

    10-Q & 8-K Processing      35,970   

Spolin Cohen

    Legal Services      30,818   

State of California

    Franchise fees      1,695   

State of Delaware

    Franchise fees      250   

Steve Napleton

    Travel expenses      8,979   

Tanir Helayel

    PAES/TAS      6,779   

Trilinc Advisors, LLC

    Copies, postage and miscellaneous      6,825   

Trilinc Advisors, LLC

    eFront      44,002   

Trilinc Advisors, LLC

    Management fees      175,805   

Trilinc Advisors, LLC

    Incentive fees      97,405   

Troy Wiseman

    Expense reimbursement      9,701   

Trustees of Tufts College

    PAES/TAS      18,150   

Various

    PAES/TAS      14,601   

Willis

    Fund Insurance      63,565   
     

 

 

  
      $ 2,468,394