Exhibit 10.2


 





Georgeson LLC 


1290 Avenue of the Americas, 9th Floor


New York, NY 10104


www.georgeson.com


 


May 4, 2021


 


Aberdeen Income Credit Strategies Fund


c/o Aberdeen Asset Managers Limited


1900 Market Street, Suite 200


Philadelphia, PA 19103


 


Re: Information Agent


 


This Letter of Agreement, including the Appendix
attached hereto (collectively, this “Agreement”), sets forth the terms and conditions of the engagement of Georgeson LLC (“Georgeson”)
by Aberdeen Income Credit Strategies Fund (the “Company”) to act as Information Agent in connection with the Company’s
upcoming closed-end fund rights offering (the “Offer”). The term of this Agreement shall be the term of the Offer, including
any extensions thereof.


 


		(a)	Services. Georgeson shall perform the
services described in the Fees & Services Schedule attached hereto as Appendix I (such services, collectively, the “Services”).



 


		(b)	Fees. In consideration of Georgeson’s
performance of the Services, the Company shall pay Georgeson the amounts, and pursuant to the terms, set forth on the Fees & Services
Schedule attached hereto as Appendix I. The Company acknowledges and agrees that the Fees & Services Schedule shall be subject to
adjustment if the Company requests Georgeson to provide services with respect to additional matters or a revised scope of work.



 


		(c)	Expenses. In connection with Georgeson’s
performance of the Services, and in addition to the fees and charges described in paragraphs (b) and (d) hereof, Georgeson shall charge
the Company, and the Company shall be solely responsible, for the following costs and expenses (collectively, the “Expenses”):



 


		·	reasonable costs and expenses incidental to the
Offer, including without limitation the mailing or delivery of Offer materials;



 


		·	reasonable costs and expenses relating to Georgeson’s
work with its agents or other parties involved in the Offer, including without limitation charges for bank threshold lists, data processing,
market information, institutional advisory reports, telephone directory assistance, facsimile transmissions or other forms of electronic
communication;



 


		·	reasonable costs and expenses incurred by Georgeson
at the Company’s request or for the Company’s convenience, including without limitation for copying, printing of additional
and/or supplemental material and travel by Georgeson’s personnel; and



 


		·	any other reasonable costs and expenses authorized
by the Company during the course of the Offer, including without limitation those relating to advertising (including production and posting),
media relations and analytical services.



 






     


     


    

 


 


 


Aberdeen Income Credit Strategies Fund


May 4, 2021


Page 2


 


The Company shall pay all applicable
taxes incurred in connection with the delivery of the Services or Expenses.


 


		(d)	Custodial Charges. Georgeson agrees to
check, itemize and pay on the Company’s behalf the charges of brokers and banks, with the exception of Broadridge Financial Solutions,
Inc. (which will bill the Company directly), for forwarding the Company’s offering material to beneficial owners. The Company shall
reimburse Georgeson for such reasonable broker and bank charges in the manner described in the Fees & Services Schedule.



 


		(e)	Compliance with Applicable Laws. The Company
and Georgeson hereby represent to one another that each shall comply with all applicable laws relating to the Offer, including, without
limitation, the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.



 


		(f)	Indemnification; Limitation of Liability.



 


		(i)	The Company shall indemnify and hold harmless Georgeson, its affiliates and their respective stockholders,
officers, directors, employees and agents from and against any and all losses, claims, damages, costs, charges, reasonable counsel fees
and expenses, payments, expenses and liability (collectively, “Losses”) arising out of or relating to the performance of the
Services, including the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, except to the extent
such Losses shall have been determined by the parties themselves, a court of competent jurisdiction, or arbitrator, mediator or other
neutral objective third party trier of fact mutually agreed upon between the parties to be a result of Georgeson’s gross negligence,
bad faith, fraud or willful misconduct.



 


		(ii)	Georgeson shall indemnify
and hold harmless the Company from and against any and all Losses arising out of or relating to the performance of the Services, including
the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, to the extent such Losses shall have been
determined by the parties themselves, a court of competent jurisdiction, or arbitrator, mediator or other neutral objective third party
trier of fact mutually agreed upon between the parties to be a result of Georgeson’s gross negligence, bad faith or willful misconduct.



 


(iii) Notwithstanding
anything herein to the contrary, but without limiting the Company’s indemnification obligations set forth in clause (i) above, neither
party shall be liable for any incidental, indirect, special, punitive or consequential damages of any nature whatsoever, including, but
not limited to, loss of anticipated profits, occasioned by a breach of any provision of this Agreement, even if apprised of the possibility
of such damages.


 


		(iv)	Any liability whatsoever of Georgeson, its affiliates or any of their respective stockholders,
                                                                  officers, directors, employees or agents hereunder or otherwise relating to or arising out of performance of the Services will be
                                                                  limited in the aggregate to the fees and charges paid
hereunder by the Company to Georgeson (but not including Expenses).



 






     


     


    

 


 


 


Aberdeen Income Credit Strategies Fund


May 4, 2021


Page 3



 


		(v)	It is understood and expressly stipulated that none of the trustees, officers, agents or shareholders
of the Company shall be personally liable hereunder. All persons dealing with the Company must look solely to the property of the Company
for the enforcement of any claims against the Company, as neither the trustees, officers, agents or shareholders assume any personal liability
for obligations entered into on behalf of the Company.



 


 


(vi) This paragraph
(f) shall survive the termination of this Agreement.


 


		(g)	Governing Law. This Agreement shall be
governed by the substantive laws of the State of New York without regard to its principles of conflicts of laws, and shall not be modified
in any way, unless pursuant to a written agreement which has been executed by each of the parties hereto. The parties agree that any and
all disputes, controversies or claims arising out of or relating to this Agreement (including any breach hereof) shall be subject to the
jurisdiction of the federal and state courts in New York County, New York and the parties hereby waive any defenses on the grounds of
lack of personal jurisdiction of such courts, improper venue or forum non conveniens. The parties waive all right to trial by jury
in any action, proceeding or counterclaim arising out of this Agreement.



 


		(h)	Relationship. The Company agrees and acknowledges
that Georgeson shall be the primary information agent retained by the Company in connection with the Offer.



 


		(i)	Confidentiality. Georgeson agrees to preserve
the confidentiality of (i) all material non-public information provided by the Company or its agents for Georgeson’s use in fulfilling
its obligations hereunder and (ii) any information developed by Georgeson based upon such material non-public information (collectively,
 “Confidential Information”); provided that Georgeson may disclose such Confidential Information as required by law and otherwise
to its officers, directors, employees, agents or affiliates to the extent reasonably necessary to perform the Services hereunder. For
purposes of this Agreement, Confidential Information shall not be deemed to include any information which (w) is or becomes generally
available to the public other than as a result of a disclosure by Georgeson or any of its officers, directors, employees, agents or affiliates;
(x) was available to Georgeson on a nonconfidential basis and in accordance with law prior to its disclosure to Georgeson by the Company;
(y) becomes available to Georgeson on a nonconfidential basis and in accordance with law from a person other than the Company or any of
its officers, directors, employees, agents or affiliates who is not otherwise bound by a confidentiality agreement with the Company or
is not otherwise prohibited from transmitting such information to a third party; or (z) was independently and lawfully developed by Georgeson
without access to the Confidential Information. The Company agrees that all reports, documents and other work product provided to the
Company by Georgeson pursuant to the terms of this Agreement are for the exclusive use of the Company and may not be disclosed to any
other person or entity without the prior written consent of Georgeson. The confidentiality
obligations set forth in this paragraph shall survive the termination of this Agreement.






 






     


     


    

 


 


 


Aberdeen Income Credit Strategies Fund


May 4, 2021


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	 	 (j)	 Invoices. Invoices for amounts due hereunder shall be delivered to Company at:
	 	 	 
	 	 	ADDRESS:	 
	 	 	 
	 	 	ATTENTION:
	 	 	 
	 	 	(Contact Name, Email, Phone)




 


		(k)	Force Majeure.  Georgeson will not
be liable for any delay or failure in performance when such delay or failure arises from circumstances beyond its reasonable control,
including without limitation acts of God, acts of government in its sovereign or contractual capacity, acts of public enemy or terrorists,
acts of civil or military authority, war, riots, civil strife, terrorism, blockades, sabotage, rationing, embargoes, epidemics, pandemics,
outbreaks of infectious diseases or any other public health crises, earthquakes, fire, flood, other natural disaster, quarantine or any
other employee restrictions, power shortages or failures, utility or communication failure or delays, labor disputes, strikes, or shortages,
supply shortages, equipment failures, or software malfunctions; provided, however, that Georgeson shall maintain commercially reasonable
disaster recovery and business continuity procedures and shall use commercially reasonable efforts to remove, or work around, the cause
of the delay or failure in performance as soon as reasonably practicable.



 


		(l)	Entire Agreement; Appendix. This Agreement
constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties hereto
with respect to the subject matter hereof. The Appendix to this Agreement shall be deemed to be incorporated herein by reference as if
fully set forth herein. This Agreement shall be binding upon all successors to the Company (by operation of law or otherwise).



 


 


[Remainder of page intentionally left
blank. Signature page follows.]


 






     


     


    

 


 


 


Aberdeen Income Credit Strategies Fund


May 4, 2021


Page 5



 


If the above is acceptable, please execute
and return the enclosed duplicate of this Agreement to Georgeson LLC, 1290 Avenue of the Americas, 9th floor, New York, NY
10104, Attention: Christopher M. Hayden.


 


 


	 	Sincerely,
	 	 
	 	
	 	GEORGESON LLC
	 	 
	 	
	 	By:     	 /s/Christopher M. Hayden
	 	 	Christopher M. Hayden
	 	 	 
	 	Title:	 Chief Operating Officer> US






 





	Agreed to and accepted as of	 
	the date first set forth above:	 
	 	 
	ABERDEEN INCOME CREDIT STRATEGIES FUND	 
	 	 
		 
	By:	 /s/Lucia Sitar	 
	 	Lucia Sitar	 
		 
	Title:	Vice President	 




 






    


     


    

 


 


Aberdeen Income Credit Strategies Fund


May 4, 2021


Page 6



APPENDIX I


Aberdeen
Income Credit Strategies Fund 


FEES & SERVICES SCHEDULE


 


	BASE SERVICES	 	
    $7,500

    

    

	
    ·      
    Review of preliminary offering documents

    ·      Assistance with the preparation and placement of press releases and advertisements
in newspapers (at prevailing rates) 

    ·      Coordination of the mailing of offering documents to all eligible shareholders

    ·         Call center staffing and training

    ·      Advisory services geared to maximize investor response to the offering

    ·         Communication with Depositary Agent to monitor the progress of the offering

    ·      Outreach to Professional Investors

    ·      
    Provide progress updates to the advisory team
	 	 
	 	 	 
	ADDITIONAL SERVICES	 	 
	·         Dedicated toll-free telephone number for shareholder inquiries	 	
    $1,500

    

    

	·         Direct telephone communication with retail (i.e., registered and NOBO shareholders)	 	


     

    TBD



	
    ·        
    $6.50 per account contacted (outgoing calls- minimum charge $1,000)

    ·        
    $2.75 per minute per incoming call

    ·        
    $0.67 per phone number lookup

     
	 	 


 


 


 


NOTE: The foregoing fees are exclusive
of Expenses and custodial charges as described in paragraphs (c) and (d) of this Agreement. In addition, the Company will be charged a
fee of $1,000 per extension if the Offer is extended for any reason.


 




 





FEE PAYMENT INSTRUCTIONS


 


The Company shall pay Georgeson as follows:


 


		·	Upon execution of this Agreement, the Company
shall pay Georgeson $7,500, which amount is in consideration of Georgeson’s commitment to represent the Company and is non-refundable;




 


		·	If applicable, immediately prior to the commencement
of the mailing, the Company shall advance to Georgeson a portion of anticipated custodial charges; as described in paragraph (d) of this
Agreement; and 



 


		·	Upon completion of the Offer, the Company shall
pay Georgeson the sum of (i) any variable fees as described above under “Additional Services” which have accrued over the
course of the Offer, (ii) all unreimbursed custodial charges, as described in paragraph (d) of this Agreement, and (iii) all Expenses.




 


Georgeson will send the Company an invoice for each of the foregoing payments, which invoices will include written transfer instructions.