Exhibit 10.1

SECOND AMENDMENT TO
EXPENSE SUPPORT AND CONDITIONAL REIMBURSEMENT AGREEMENT

This Second Amendment to Expense Support and Conditional Reimbursement Agreement
(this “Second Amendment”) is made as of June 30, 2014 by and between HMS Income
Fund, Inc. (the “Company”) and HMS Adviser LP (the “Adviser”).

WHEREAS, the Company and the Adviser entered into that certain Expense Support
and Conditional Reimbursement Agreement dated as of December 30, 2013 (as
amended from time to time, the “Expense Support Agreement”), and that certain
Amendment to Expense Support and Conditional Reimbursement Agreement dated as of
March 31, 2014, pursuant to which, among other things, the Adviser agreed to pay
to the Company up to 100% of the Company Operating Expenses (as defined in the
Expense Support Agreement) in order for the Company to achieve a reasonable
level of expenses in relation to its investment income until June 30, 2014 (the
“Payment Period”);
    
WHEREAS, the Company and the Adviser have determined that it is appropriate and
in the best interests of the Company to amend the Expense Support Agreement to
extend the Payment Period to September 30, 2014;

NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein contained, and for other good and valuable consideration (the receipt and
sufficiency of which are hereby acknowledged), the parties hereto agree as
follows:

1. The Expense Support Agreement is hereby amended to change all references to
June 30, 2014 in Section 1 thereof to September 30, 2014. As all such references
are in Section 1 of the Expense Support Agreement, Section 1, as so amended, now
reads in its entirety as follows:
 
“1.    EXPENSE SUPPORT PAYMENTS

Until September 30, 2014, or a prior date mutually agreed to by both parties,
the     Adviser, at its sole discretion and in consultation with the Company,
hereby agrees to pay to the Company, up to 100% of the Company Operating
Expenses in order for the Company to achieve a reasonable level of expenses in
relation to its investment income (the “Operating Expense Objective”). Any
payment made by the Adviser pursuant to the preceding sentence shall be referred
to herein as an “Expense Support Payment.” Upon determination by the Adviser to
make any Expense Support Payment, the Adviser shall promptly notify the Company
of such Expense Support Payment. The Adviser’s obligation to make Expense
Support Payments during the Expense Support Payment period shall automatically
become a liability of the Adviser and the right to such Expense Support Payment
shall be an asset of the Company upon receipt of notification of     payment
from the Adviser. Any Expense Support Payment shall be paid by the Adviser to
the Company in any combination of cash or other immediately available funds,
and/or offsets against amounts otherwise due from the Company to the Adviser.

For purposes of this Agreement, “Company Operating Expenses” means third party
operating costs and expenses incurred by the Company between January 1, 2014 and
September 30, 2014, as determined under generally accepted accounting principles
for investment management companies.”

2.    This Second Amendment constitutes an amendment to the Expense Support
Agreement. The terms and provisions of the Expense Support Agreement and all
other documents and instruments relating and pertaining to the Expense Support
Agreement shall continue in full force and effect, as amended hereby. In the
event of any conflict between the provisions of the Expense Support Agreement
and the provisions of this Second Amendment, the provisions of this Second
Amendment shall control.

3.    This Second Amendment (a) shall be binding upon the Company and the
Adviser (the “Parties”) and their respective successors and assigns; (b) may be
modified or amended only by a writing signed by each of the Parties; (c) may be
executed in several counterparts, and each counterpart, when so executed and
delivered, shall constitute an original agreement, and all such separate
counterparts shall constitute but one and the same agreement; and (d) together

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Exhibit 10.1

with the Expense Support Agreement, embodies the entire agreement and
understanding between the Parties with respect to the subject matter hereof and
supersedes all prior agreements, consents and understandings relating to such
subject matter.

[Signature Page Follows]

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Exhibit 10.1

[Signature Page to Second Amendment to Expense Support and Conditional
Reimbursement Agreement]

IN WITNESS WHEREOF, the Parties have caused this Second Amendment to be signed
by their respective officers thereunto duly authorized, as of the day and year
first above written.

HMS INCOME FUND, INC.

            
By: /s/ Ryan T. Sims
Name: Ryan T. Sims
Title: Chief Financial Officer and Secretary

HMS ADVISER LP

By: HMS ADVISER GP, its general partner

            
By: /s/ Ryan T. Sims
Name: Ryan T. Sims
Title: Chief Financial Officer and Secretary
ACKNOWLEDGEMENT:

The undersigned, MSC Adviser I, LLC, executes this Second Amendment solely for
the purpose of evidencing their acknowledgement of its execution.

MSC ADVISER I, LLC

            
By: /s/ Jason B. Beauvais
Name: Jason B. Beauvais
Title: Senior Vice President