Company: FCRX
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001133228-25-003192
Chunk: 21

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 21
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 our portfolio companies. Furthermore, third parties may try to seek to impose liability on us in connection
with our activities or the activities of our portfolio companies. While the outcome of any such legal proceedings cannot at this time
be predicted with certainty, we do not expect that these legal proceedings will materially affect our business, financial condition or
results of operations.

Certain
Relationships and Related Party Transactions

The
Advisor

The
Advisor is a registered investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The
Corporation’s investment activities are managed by the Advisor, which is responsible for (i) originating prospective investments,
(ii) conducting research and due diligence investigations on potential investments, (iii) analyzing investment opportunities, (iv) negotiating
and structuring the Corporation’s investments, and (v) monitoring the Corporation’s investments and portfolio companies on
an ongoing basis. The Advisor has entered into a Resource Sharing Agreement (the “Resource Sharing Agreement”) with Crescent,
pursuant to which Crescent provides the Advisor with experienced investment professionals (including the members of the Advisor’s
investment committee) and access to the resources of Crescent so as to enable the Advisor to fulfill its obligations under the Corporation’s
Investment Advisory Agreement with the Advisor (the “Investment Advisory Agreement”). Through the Resource Sharing Agreement,
the Advisor capitalizes on the deal origination, credit underwriting, due diligence, investment structuring, execution, portfolio management
and monitoring experience of Crescent’s investment professionals.

Investment
Advisory Agreement

At
a special meeting of stockholders of the Corporation held on December 17, 2020, the Corporation's stockholders approved a new investment
advisory agreement between the Corporation and the Advisor upon the closing of acquisition of a majority indirect ownership interest in
the Advisor by Sun Life Financial Inc., which occurred on January 5, 2021 (the “Investment Advisory Agreement”). On November 6,
2024, the Board approved the renewal of the Investment Advisory Agreement for a period beginning on January 6, 2025 and ending on
March 31, 2025, and on February 12, 2025, the Board approved the renewal of the Investment Advisory Agreement for a full one-year
period ending March 31, 2026, on each occasion by a unanimous vote of the Board including our Independent Directors.

Under
the terms of the Investment Advisory Agreement, the Adviser provides investment advisory services to the Corporation and