Company: FCRX
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001133228-25-003192
Chunk: 26

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 26
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Independent Directors. The Administration Agreement will automatically terminate in the event of assignment. The Administration Agreement
may be terminated by either party without penalty upon not less than 60 days’ written notice to the other.

The
Corporation incurred administrative services expenses of $1,365,000 for the fiscal year ended December 31, 2024, of which $555,000
was payable at December 31, 2024.

License
Agreement

The
Corporation has also entered into a license agreement with Crescent under which Crescent has agreed to grant the Corporation a non-exclusive,
royalty-free license to use the name “Crescent Capital.”

Other
Fees and Expenses

From
time to time, the Advisor, the Administrator, or their respective affiliates, may pay third-party providers of goods or services . The Corporation will reimburse the Advisor, the Administrator or such affiliates thereof for any such amounts paid on the Corporation’s
behalf. Each of the Administrator and the Advisor will waive its right to be reimbursed in the event that such reimbursements would cause
any distributions to the Corporation’s stockholders to constitute a return of capital. All of these expenses will ultimately be
borne by the Corporation’s stockholders.

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Certain
Relationships and Potential Conflicts of Interest

The
Corporation has entered into agreements with the Advisor, in which the Corporation’s senior management and members of the Advisor’s
investment committee have indirect ownership and other financial interests. Members of the Corporation’s senior management and members
of the Advisor’s investment committee also serve as principals of other investment managers affiliated with Crescent, which controls
the Advisor, that do and may in the future manage other investment funds, accounts and investment vehicles which invest in assets eligible
for purchase by the Corporation. The Corporation’s investment policies, fee arrangements and other circumstances may vary from those
of accounts managed by Crescent.

Allocations
of Investment Opportunities

Generally,
when a particular investment would be appropriate for the Corporation as well as one or more investment funds, accounts and investment
vehicles managed by Crescent, such investment will be apportioned by Crescent in accordance with (i) its internal conflict of interest
and allocation policies, (ii) the requirements of the Advisers Act, and (iii) the 1940 Act, and the rules and regulations promulgated
thereunder, and guidance and interpretations thereof, regarding co-investments with affiliates. Such apportionment may not be strictly
pro rata