Exhibit 10.2
CHANGE IN TERMS AGREEMENT

Principal
Loan Date
Maturity
Loan No
Call / Coll
Account
Officer
Initials
$100,000,000.00
11-05-2015
02-28-2021
4061100374
 
Note #1000
823
 

References in the boxes above are for Lender's use only and do not limit the
applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.
Borrower:
OFS Capital Corporation, a Delaware corporation
10 South Wacker Drive, Suite 2500
Chicago, IL 60606
Lender:
Pacific Western Bank
Los Angeles Real Estate and Construction
9701 Wilshire Boulevard, Suite 700
Beverly Hills, CA 90212

Principal Amount: $100,000,000.00
Date of Agreement: April 10, 2019

DESCRIPTION OF EXISTING INDEBTEDNESS.
Promissory Note dated November 5, 2015 in the original Principal Amount of
$15,000,000.00, as modified by Change in Terms Agreements dated October 31,
2016, August 9, 2017 and March 7, 2018; together with all renewals, extensions
and modifications related thereto (the "Note").
DESCRIPTION OF COLLATERAL.
A Commercial Security Agreement dated April 10, 2019 granting Lender a security
interest in all business assets of Borrower.
A Commercial Security Agreement dated April 10, 2019 granting Lender a security
interest in all business assets of OFS Capital WM, LLC, a Delaware limited
liability company, a Guarantor.
A Commercial Security Agreement dated April 10, 2019 granting Lender a security
interest in all business assets of OFSCC-MB, Inc., a Delaware corporation, a
Guarantor.
DESCRIPTION OF CHANGE IN TERMS. This Change In Terms Agreement ("Agreement") is
entered into by Borrower and is effective on the latter of (i) its acceptance by
Lender, (ii) the satisfaction of all conditions precedent to effectiveness (if
any), or (iii) as of the Date of the Agreement set forth above.  Borrower agrees
that the terms of the Note, the Business Loan Agreement dated April 10, 2019
(the "Business Loan Agreement"), and any other Related Documents described
herein, are hereby modified by the terms of this Agreement.  To the extent any
provision of this Agreement conflicts with the provisions of the Note, or any
other Related Documents described herein, then the provisions of this Agreement
shall control. Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Business Loan Agreement.
1. The Note is hereby modified as follows:
a) The Principal Amount of the Note is hereby increased from $50,000,000.00 to
$100,000,000.00.
b) Effective as of the date of this Agreement, the Variable Interest Rate is
modified as further described in this Agreement.
c) The Maturity Date is hereby extended from January 31, 2020 to February 28,
2021. Borrower shall make regular payments as further outlined in this
Agreement.
2. OFSCC-MB, Inc., a Delaware corporation, is hereby added as a secured
Guarantor of the loan, concurrently with the execution of this Agreement.
3. Borrower shall cause OFS Capital WM, LLC, a Delaware limited liability
company and OFSCC-MB, Inc., a Delaware corporation to each execute a Commercial
Guaranty of the loan in favor of Lender, on Lender’s forms and in the amounts
and under the conditions set forth in such guaranties.
4. A Business Loan Agreement of even date is hereby executed concurrently with
this Agreement.
5. A Judicial Reference Agreement of even date is hereby executed concurrently
with this Agreement.
PAYMENT. Borrower will pay this loan in one payment of all outstanding principal
plus all accrued unpaid interest, in addition to any unpaid Unused Commitment
Fee, which may be due or remain unpaid on February 28, 2021. In addition,
Borrower will pay regular monthly payments of all accrued unpaid interest due as
of each payment date, beginning April 30, 2019, with all subsequent interest
payments to be due on the same day of each month after that.
VARIABLE INTEREST RATE. The interest rate on this loan is subject to change from
time to time based on changes in an independent index which is the Wall Street
Journal Prime Rate (the "Index"). The Index is not necessarily the lowest rate
charged by Lender on its loans. If the Index becomes unavailable during the term
of this loan, Lender may designate a substitute index after notifying Borrower.
Lender will tell Borrower the current Index rate upon Borrower's request. The
interest rate change will not occur more often than each day. Borrower
understands that Lender may make loans based on other rates as well. The Index
currently is 5.500% per annum. Interest on the unpaid principal balance of this
loan will be calculated as described in the "INTEREST CALCULATION METHOD"
paragraph using a rate of 0.250 percentage points over the Index, adjusted if
necessary for any minimum and maximum rate limitations described below,
resulting in an initial rate of 5.750%. NOTICE: Under no circumstances will the
interest rate on this loan be less than 5.250% per annum or more than the
maximum rate allowed by applicable law.
INTEREST CALCULATION METHOD. Interest on this loan is computed on a 365/360
basis; that is, by applying the ratio of the interest rate over a year of 360
days, multiplied by the outstanding principal balance, multiplied by the actual
number of days the principal balance is outstanding. All interest payable under
this loan is computed using this method.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of
the original obligation or obligations, including all agreements evidenced or
securing the obligation(s), remain unchanged and in full force and effect.
Consent by Lender to this Agreement does not waive Lender's right to strict
performance of the obligation(s) as changed, nor obligate Lender to make any
future change in

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terms. Nothing in this Agreement will constitute a satisfaction of the
obligation(s). It is the intention of Lender to retain as liable parties all
makers and endorsers of the original obligation(s), including accommodation
parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this
Agreement. If any person who signed the original obligation does not sign this
Agreement below, then all persons signing below acknowledge that this Agreement
is given conditionally, based on the representation to Lender that the
non-signing party consents to the changes and provisions of this Agreement or
otherwise will not be released by it. This waiver applies not only to any
initial extension, modification or release, but also to all such subsequent
actions.
INTEGRATION. The parties agree that (a) this Agreement and the Business Loan
Agreement, as applicable, which governs the Note, together with all of the
Related Documents, represents the final agreement between the parties, and
therefore incorporates all negotiations of the parties hereto (b) there are no
unwritten oral agreements between the parties, and (c) this Agreement may not be
contradicted by evidence of any prior, contemporaneous, or subsequent oral
agreements or understandings of the parties.
COUNTERPARTS PROVISION. This document may be executed in several counterparts,
each of which all constitute an original, but of which together shall constitute
as one and the same document.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS
OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
OFS CAPITAL CORPORATION, A DELAWARE CORPORATION
By:    /s/ Jeffrey A. Cerny                
Name:    Jeffrey A. Cerny
Title:    Chief Financial Officer

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