Exhibit 10.29

EXECUTION VERSION

AMENDMENT NO. 3 TO LOAN FINANCING AND SERVICING AGREEMENT, dated as of May 7,
2015 (this “Amendment”), among Darby Creek LLC, a Delaware limited liability
company (the “Borrower”), FS Investment Corporation II, a Maryland corporation
(the “Investment Manager”), Wells Fargo Bank, National Association, as
collateral agent and collateral custodian (the “Collateral Agent”), each Lender
party hereto (each, a “Lender” and collectively, the “Lenders”), and Deutsche
Bank AG, New York Branch, as administrative agent (the “Administrative Agent”).

WHEREAS, the Borrower, the Collateral Agent, the Lenders and the Administrative
Agent are party to the Loan Financing and Servicing Agreement, dated as of
February 20, 2014 (as amended, supplemented, amended and restated and otherwise
modified from time to time, the “Loan Agreement”); and

WHEREAS, the Borrower, the Investment Manager, the Collateral Agent, the Lenders
and the Administrative Agent have agreed to amend the Loan Agreement in
accordance with the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the foregoing premises and the mutual
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

ARTICLE I

Definitions

SECTION 1.1. Defined Terms. Terms used but not defined herein have the
respective meanings given to such terms in the Loan Agreement.

ARTICLE II

Amendments

SECTION 2.1. Amendments to the Loan Agreement. As of the date of this Amendment,
the Loan Agreement is hereby amended as follows:

(a) to delete the stricken text (indicated textually in the same manner as the
following example: stricken text) and to add the bold and double-underlined text
(indicated textually in the same manner as the following example: bold and
double-underlined text) as set forth on the pages of the Loan Agreement attached
as Appendix A hereto;

(b) to replace Exhibit C-1 with the Exhibit C-1 attached as Appendix B hereto;
and

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

(c) to insert the following as paragraph 4 to Exhibit C-3 and to re-number
existing paragraphs 4, 5 and 6 accordingly:

“[(i) the Approved Valuation Firm is [                    ], (ii) the Appraised
Value is [                    ] and (iii) the related appraisal metric is
[                    ]];”

ARTICLE III

Conditions to Effectiveness

SECTION 3.1. This Amendment shall become effective as of the date first written
above upon the execution and delivery of this Amendment by the Borrower, the
Investment Manager, the Collateral Agent, the Lenders and the Administrative
Agent.

ARTICLE IV

Representations and Warranties

SECTION 4.1. The Borrower hereby represents and warrants to the Administrative
Agent, the Collateral Agent and the Lenders that, as of the date first written
above, (i) no Facility Termination Event or Unmatured Facility Termination Event
has occurred and is continuing and (ii) the representations and warranties of
the Borrower contained in the Loan Agreement are true and correct in all
material respects on and as of such day (other than any representation and
warranty that is made as of a specific date).

ARTICLE V

Miscellaneous

SECTION 5.1. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 5.2. Severability Clause. In case any provision in this Amendment shall
be invalid, illegal or unenforceable, the validity, legality, and enforceability
of the remaining provisions shall not in any way be affected or impaired
thereby.

SECTION 5.3. Ratification. Except as expressly amended and waived hereby, the
Loan Agreement is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect.

SECTION 5.4. Counterparts. The parties hereto may sign one or more copies of
this Amendment in counterparts, all of which together shall constitute one and
the same agreement. Delivery of an executed signature page of this Amendment by
facsimile or email transmission shall be effective as delivery of a manually
executed counterpart hereof.

 

2

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

SECTION 5.5. Headings. The headings of the Articles and Sections in this
Amendment are for convenience of reference only and shall not be deemed to alter
or affect the meaning or interpretation of any provisions hereof.

[Signature pages follow]

 

3

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

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first written above.

 

DARBY CREEK LLC, as Borrower By:  

 /s/ Gerald F. Stahlecker

  Name: Gerald F. Stahlecker   Title: Executive Vice President

 

[Signature Page to Amendment No. 1 to Loan Agreement]

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

FS INVESTMENT CORPORATION II, as Investment Manager By:  

 /s/ Gerald F. Stahlecker

  Name: Gerald F. Stahlecker   Title: Executive Vice President

 

[Signature Page to Amendment No. 1 to Loan Agreement]

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

DEUTSCHE BANK AG, NEW YORK

BRANCH, as Administrative Agent

By:  

 /s/ Amit Patel

  Name: Amit Patel   Title: Director

 

By:  

 /s/ Shawn Rose

  Name: Shawn Rose   Title: Vice President

 

[Signature Page to Amendment No. 1 to Loan Agreement]

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

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent and as Collateral
Custodian By:  

/s/ Abby Schexnider

  Name: Abby Schexnider   Title: Vice President

 

[Signature Page to Amendment No. 3 to Loan Agreement]

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

DEUTSCHE BANK AG, NEW YORK

BRANCH, as a Lender

By:  

/s/ Amit Patel

      Name: Amit Patel

      Title: Director

 

By:  

/s/ Shawn Rose

      Name: Shawn Rose

      Title: Vice President

 

[Signature Page to Amendment No. 3 to Loan Agreement]

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

EVERBANK COMMERCIAL FINANCE, INC., as a Lender By:  

/s/ Ed McGugan

      Name: Ed McGugan

      Title: Managing Director

 

[Signature Page to Amendment No. 3 to Loan Agreement]

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

KEYBANK NATIONAL ASSOCIATION, as a Lender By:  

/s/ Richard Andersen

  Name: Richard Andersen   Title: Designated Signer

 

[Signature Page to Amendment No. 3 to Loan Agreement]