Company: FCRX
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001133228-25-003192
Chunk: 24

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 24
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 There can be no assurance that such unrealized capital
appreciation will be realized in the future.

For
the year ended December 31, 2024, the Corporation recorded no capital gains incentive fees on unrealized capital appreciation. No
capital gains incentive fees remained unpaid at December 31, 2024.

Indemnification

Under
the Investment Advisory Agreement, the Advisor has not assumed any responsibility to the Corporation other than to render the services
called for under that agreement. It will not be responsible for any action of the Board in following or declining to follow the Advisor’s
advice or recommendations. Under the Investment Advisory Agreement, the Advisor, its officers, managers, partners, agents, employees,
controlling persons, members and any other person or entity affiliated with the Advisor, including, without limitation, its general partner
and the Administrator, and any person controlling or controlled by the Advisor will not be liable to the Corporation, any subsidiary of
the Corporation, the Directors, stockholders or any subsidiary’s stockholders or partners for acts or omissions performed in accordance
with and pursuant to the Investment Advisory Agreement, except those resulting from acts constituting gross negligence, willful misfeasance,
bad faith or reckless disregard of the duties that the Advisor owes to the Corporation under the Investment Advisory Agreement. In addition,
as part of the Investment Advisory Agreement, the Corporation has agreed to indemnify the Advisor and each of its officers, managers,
partners, agents, employees, controlling persons, members and any other person or entity affiliated with the Advisor, including, without
limitation, its general partner and the Administrator, from and against any claims or liabilities,

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including
reasonable legal fees and other expenses reasonably incurred, arising out of or in connection with the Corporation’s business and
operations or any action taken or omitted on the Corporation’s behalf pursuant to authority granted by the Investment Advisory Agreement,
except where attributable to gross negligence, willful misfeasance, bad faith or reckless disregard of such person’s duties under
the Investment Advisory Agreement. These protections may lead the Advisor to act in a riskier manner when acting on the Corporation’s
behalf than it would when acting for its own account.

U.S.
federal and state securities laws may impose liability under certain circumstances on persons who act in good faith. Nothing in the Investment
Advisory Agreement will constitute a waiver or limitation of any rights that the Corporation may have under any applicable.

Administration
Agreement

On