Exhibit 10.5

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 Sponsor has agreed to be responsible for the payment of the Fund’s
cumulative operating costs paid through and including December 31, 2015,
including all management fees due to the Advisor that have not been paid by the
Fund, (collectively as set forth in Exhibit A hereto and referred to as “Fund
Expenses”); and

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 (the “Offering”) of units of its limited liability
company interest (“Units”) 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, provided any such reimbursement during the
period in which the Fund is offering Units in the Offering will not cause the
Fund’s Net Asset Value per unit to fall below the prior quarter’s Net Asset
Value per unit(the “Gross Proceeds Hurdle”). 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 28, 2016

 

TRILINC GLOBAL, LLC

 

 

By:

 

 

Name:

 

 Gloria S. Nelund

Title:

 

 Chairman, CEO and President

 

TRILINC ADVISORS, LLC

 

 

By:

 

 

Name:

 

 Brent L. VanNorman

Title:

 

 COO and CFO

 

TRILINC GLOBAL IMPACT FUND, LLC

 

 

By:

 

 

Name:

 

 Brent L. VanNorman

Title:

 

 COO, CFO, CCO and Secretary

--------------------------------------------------------------------------------

Attachment A

Schedule of Services Incurred by TriLinc Global Impact Fund, LLC through
December 31, 2015

 

 

Vendor

Description of Services

Amount

 

ANDE

2013-2014 Membership

$

5,000

 

ASTA

Document Translation

 

3,186

 

Bank of NY Mellon

Fund Administration

 

90,000

 

Bank of NY Mellon

Bank fees

 

17,277

 

Board of Managers

Board Wages

 

499,672

 

Board of Managers

Board Meeting expenses

 

85,199

 

Credit Cards

Travel - Dead deal costs

 

62,987

 

Deloitte & Touche

Audit

 

401,400

 

Deloitte & Touche

Tax services

 

266,582

 

DST Systems, Inc.

Transfer Agent

 

589,780

 

Duff & Phelps

Valuation services

 

19,624

 

Emtek Solutions, LLC

PAES/TAS

 

7,875

 

Federal Agent

PAES/TAS

 

12,750

 

Greenberg Traurig

Legal Services

 

459,694

 

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

 

47,999

 

Moss Adams

Audit and 10-Q review

 

161,528

 

MF Analytics

PAES/TAS

 

65,159

 

O'Connor Davies

SOX Compliance

 

34,046

 

PathNorth

2013 Core Membership

 

4,167

 

Paul Sanford

Travel expenses

 

5,212

 

Payroll

PAES/TAS

 

150,091

 

Pinnacle Fund Administration, LLC

Fund Administration

 

116,395

 

Robert Mora

PAES/TAS

 

97,791

 

Rothstein Kass

SOX Implementation/Compliance

 

41,027

 

RR Donnelley

10-K, 10-Q & 8-K Processing

 

141,932

 

Spolin Cohen

Legal Services

 

34,222

 

State of California & Delaware

Franchise fees

 

1,945

 

Steve Napleton

Travel expenses

 

8,979

 

Tanir Helayel

PAES/TAS

 

6,779

 

Trilinc Advisors, LLC

Copies, postage and miscellaneous

 

26,189

 

Trilinc Advisors, LLC

eFront

 

214,931

 

Trilinc Advisors, LLC

Management fees

 

875,281

 

Trilinc Advisors, LLC

Incentive fees

 

2,160,494

 

Trilinc Advisors, LLC

Due Diligence

 

128,155

 

Trilinc Advisors, LLC

Travel expenses

 

43,098

 

Trilinc Advisors, LLC

Legal expenses

 

80,216

 

Troy Wiseman

Expense reimbursement

 

9,701

 

Trustees of Tufts College

PAES/TAS

 

18,150

 

Various

PAES/TAS

 

14,601

 

Willis

Fund Insurance

 

114,184

 

 

 

$

7,496,488