AMENDED AND RESTATED OPERATING EXPENSE RESPONSIBILITY AGREEMENT

EX-10.4 2 d671805dex104.htm EX-10.4 EX-10.4

Exhibit 10.4

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 Parties entered into the Expense Responsibility Agreement (“Original Expense Agreement”) on July 22, 2013, effective as of June 11, 2013, pursuant to which the Sponsor agreed to be responsible for the incurrence and payment of the Company’s cumulative operating costs previously paid to up to and including June 11, 2013;

WHEREAS, the Sponsor has agreed to be responsible for the incurrence and payment of the Fund’s cumulative operating costs paid through and including June 11, 2013, as well as additional operating costs due for services incurred from June 12, 2013 through December 31, 2013 (collectively as set forth in Exhibit A hereto and referred to as “Fund Expenses”); and

WHEREAS, the Parties have agreed to amend and restate the Original Expense Agreement to provide for such payments.

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 March 5, 2014

 

TRILINC GLOBAL, LLC
By:  

 

Name:  
Title:  
TRILINC ADVISORS, LLC
By:  

 

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

 

Name:  
Title:  


Attachment A

Schedule of Services Incurred by TriLinc Global Impact Fund, LLC through December 31, 2013

 

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      52,500   
Bank of NY Mellon    Bank fees      8,959   
Board of Managers    Board Wages      157,500   
Board of Managers    Board Meeting      32,117   
Credit Cards    Travel - Dead deal costs      62,987   
Deloitte & Touche    Audit      132,064   
Deloitte & Touche    Tax services      2,477   
DST Systems, Inc.    Transfer Agent      116,794   
Emtek Solutions, LLC    PAES/TAS      7,875   
Federal Agent    PAES/TAS      12,750   
Greenberg Traurig    Legal Services      143,241   
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      4,929   
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      58,001   
RR Donnelley    10-Q & 8-K Processing      33,534   
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      3,909   
Trilinc Advisors, LLC    eFront      15,751   
Trilinc Advisors, LLC    Management fees      66,726   
Trilinc Advisors, LLC    Incentive fees      39,450   
Troy Wiseman    Expense reimbursement      9,701   
Trustees of Tufts College    PAES/TAS      18,150   
Various    PAES/TAS      14,601   
Willis    Fund Insurance      38,700   
     

 

 

 
      $ 1,784,623