Information Agent Agreement


 



 
 Georgeson LLC 
 1290
Avenue of the Americas, 9th Floor 
 New York, NY 10104 

www.georgeson.com 
 August 12, 2021 

Angel Oak Financial Strategies Income Term Trust 
 3344 Peachtree Road NE, Suite 1725

 Atlanta, GA 30326-4833 

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 Angel Oak Financial Strategies Income Term Trust (the “Company”) to act as Information Agent in connection with the Company’s proposed transferable rights offering (the
“Offering”). The term of this Agreement shall be the term of the Offering, 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, together with the Expenses (as defined below). 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 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 Offering, including without limitation the mailing or delivery of
Offering materials; 


  

	 	•	 	 reasonable costs and expenses relating to Georgeson’s work with its agents or other parties involved in the
Offering, 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 Offering, including without
limitation those relating to advertising (including production and posting), media relations and analytical services. 








 



 
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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 Offering, 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 








 



 
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	 	 aggregate to the fees and charges paid hereunder by the Company to Georgeson (but not including Expenses).



  

	 	(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, to the fullest extent permitted by law, 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 Offering. 


  

	 	(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 








 



 
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	 	 confidentiality obligations set forth in this paragraph shall survive the termination of this Agreement.



  

	 	(j)	 Invoices. Invoices for amounts due hereunder shall be delivered to Company at: 



 

			
	     ADDRESS:
	 	     3344 Peachtree Road NE; Suite 1725; Atlanta, GA
30326

		
	     ATTENTION:
	 	     Dan Fazioli; dan.fazioli@angeloakcapital.com; (404) 528-2681

	  

	(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.] 






 



 
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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:	 	 




  

		 	Christopher M. Hayden
		
	Title:	 	 Chief Operating Officer>US



  

			
	Agreed to and accepted as of the date first set forth above:
	
	Angel Oak Financial Strategies Income Term Trust


			
		
	By:	 	 




  

		 	Dory Black
		
	Title:	 	 General Counsel








 



 
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August 12, 2021 
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APPENDIX I 
 Angel Oak Financial
Strategies Income Term Trust 
 FEES & SERVICES SCHEDULE 

 

			
	 BASE SERVICES
	  	    $8,500    
		  	  



	•	 	 Advance review of Offering documents     



	•	 	 Strategic advice relating to the Offering 



	•	 	 Dissemination of Offering documents to bank and broker community 



	•	 	 Communication with bank and broker community during Offering period 



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 Offering is extended for any reason. 
  

									
	Services	  	Flat Fee	 	  	Unit Fee	 
	 Program Setup Fee
	  	 	$1,500	 	  			
	 Inbound Calls - Per Minute (minimum $1,000)
	  				  	 	$2.75	 
	 Outbound Calls – Per Call Per Account
	  				  	 	$6.50	 
	 Mobile Dialing Upcharge
	  				  	 	$1.25	 
	 Directory Assistance
	  				  	 	$0.67	 
	 Per extension or subsequent offering period
	  				  	 	$1,000.00	 

 FEE PAYMENT INSTRUCTIONS 

The Company shall pay Georgeson as follows: 
  

	•	 	 Upon execution of this Agreement, the Company shall pay Georgeson $8,500, 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 Offering, 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 Offering, (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.