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

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 25
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June 2, 2015, the Corporation entered into the administration agreement with the Administrator, as amended and restated on February 1,
2020 (the “Administration Agreement”). Under the terms of the Administration Agreement, the Administrator provides administrative
services. These services include providing office space, equipment and office services, maintaining financial records, preparing reports
to stockholders and reports filed with the SEC, and managing the payment of expenses and the performance of administrative and professional
services rendered by others. Certain of these services are reimbursable to the Administrator under the terms of the Administration Agreement.
In addition, the Administrator is permitted to delegate its duties under the Administration Agreement to affiliates or third parties.
To the extent the Administrator outsources any of its functions, the Corporation will pay the fees associated with such functions on a
direct basis, without incremental profit to the Administrator. The Administration Agreement may be terminated by either party without
penalty on 60 days’ written notice to the other party.

No
person who is an officer, director or employee of the Administrator or its affiliates and who serves as a director receives any compensation
for his or her services as a director. However, the Corporation reimburses the Administrator (or its affiliates) for an allocable portion
of the compensation paid by the Administrator or its affiliates to the Corporation’s accounting professionals, legal counsel, and
compliance professionals who spend time on such related activities (based on the percentage of time those individuals devote, on an estimated
basis, to our business and affairs of the Corporation). The allocable portion of the compensation for these officers and other professionals
are included in the administration expenses paid to the Administrator. Directors who are not affiliated with the Administrator or its
affiliates receive compensation for their services and reimbursement of expenses incurred to attend meetings.

The
Investment Advisory Agreement and the Administration Agreement were renewed in November 2024 for a period beginning on January 6,
2025 and ending on March 31, 2025, and renewed in February 2025 for a full one-year period ending March 31, 2026, including
by a unanimous vote of our Independent Directors. Unless earlier terminated as described below, the Administration Agreement will remain
in effect for a period of one year from its effective date and will remain in effect from year to year thereafter if approved annually
by (i) the vote of our Board, or by the vote of a majority of our outstanding voting securities, and (ii) the vote of a majority of our